IMMO 4
ActiveSummary
IMMO 4 has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.93M and a net result of €88k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability28▼-1
Solvency72▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.3 in 2024; short-term debt: 45.3% and cash: 0.1% of total assets), and 52.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.3%
Return on assets
1.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
24 d early
2023
20 d early
2022
31 d early
2021
30 d early
2020
39 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.93M▲ 3.1%
2024 · €2.85M
2018: €1.26Mlowest in 8 years
2019: €1.41M▲ +11.4% vs 2018
2020: €1.99M▲ +41.3% vs 2019
2021: €2.24M▲ +12.6% vs 2020
2022: €2.62M▲ +16.8% vs 2021
2023: €2.76M▲ +5.5% vs 2022
2024: €2.85M▲ +3.2% vs 2023
2025: €2.93M▲ +3.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€6.21M▲ 0.3%
2024 · €6.19M
2018: €2.64M
2019: €2.88M▲ +9.2% vs 2018
2020: €3.60M▲ +24.8% vs 2019
2021: €2.59M▼ -28.0% vs 2020lowest in 8 years
2022: €4.56M▲ +76.2% vs 2021
2023: €3.88M▼ -15.0% vs 2022
2024: €6.19M▲ +59.7% vs 2023
2025: €6.21M▲ +0.3% vs 2024highest in 8 years
2018 → 2025
Net result
€88k▲ 1.1%
2024 · €87k
2018: €316k
2019: €144k▼ -54.5% vs 2018
2020: €582k▲ +305% vs 2019highest in 8 years
2021: €251k▼ -56.9% vs 2020
2022: €375k▲ +49.8% vs 2021
2023: €143k▼ -61.8% vs 2022
2024: €87k▼ -39.2% vs 2023lowest in 8 years
2025: €88k▲ +1.1% vs 2024
2018 → 2025
Working capital
€1.10M▲ 25.6%
2024 · €875k
2018: €-72klowest in 8 years
2019: €152k▲ +312% vs 2018
2020: €806k▲ +431% vs 2019
2021: €1.09M▲ +35.5% vs 2020
2022: €1.43M▲ +30.7% vs 2021highest in 8 years
2023: €969k▼ -32.2% vs 2022
2024: €875k▼ -9.7% vs 2023
2025: €1.10M▲ +25.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.24M-€2.62M▲ 16.8%€2.76M▲ 5.5%€2.85M▲ 3.2%€2.93M▲ 3.1%
2021: €2.24Mlowest in 5 years
2022: €2.62M▲ +16.8% vs 2021
2023: €2.76M▲ +5.5% vs 2022
2024: €2.85M▲ +3.2% vs 2023
2025: €2.93M▲ +3.1% vs 2024highest in 5 years
Operating result€63k-€361k▲ 470%€37k▼ 89.6%€65k▲ 74.3%€65k▼ 0.6%
2021: €63k
2022: €361k▲ +470% vs 2021highest in 5 years
2023: €37k▼ -89.6% vs 2022lowest in 5 years
2024: €65k▲ +74.3% vs 2023
2025: €65k▼ -0.6% vs 2024
Net result€251k-€375k▲ 49.8%€143k▼ 61.8%€87k▼ 39.2%€88k▲ 1.1%
2021: €251k
2022: €375k▲ +49.8% vs 2021highest in 5 years
2023: €143k▼ -61.8% vs 2022
2024: €87k▼ -39.2% vs 2023lowest in 5 years
2025: €88k▲ +1.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.21M
Fixed assets
€2.30M ▼ 5.6%
Current assets
€3.91M ▲ 4.2%
Equity and liabilities €6.21M
Equity
€2.93M ▲ 3.1%
Debt
€3.28M ▼ 2.0%
Debt's share of the balance-sheet total falls from 54.0% to 52.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€202k▼
2024 · €216k
Cash flow
€225k▼
2024 · €238k
Current ratio
1.39▲
2024 · 1.30
Debt to equity
1.12▼
2024 · 1.17
ROE
3.0%▼
2024 · 3.1%
ROA
1.4%▲
2024 · 1.4%
Interest coverage
0.87▼
2024 · 1.06
Debt ≤ 1 year
€2.81M▼
2024 · €2.88M
Debt > 1 year
€255k▼
2024 · €457k
Income taxes
€42k▲
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.19M€6.21M▲
Fixed assets21/28€2.44M€2.30M▼
Tangible fixed assets22/27€2.42M€2.29M▼
Land and buildings22€2.16M€2.10M▼
Plant, machinery and equipment23€63k€54k▼
Furniture and vehicles24€4k€3k▼
Leasing and similar rights25€33k€8k▼
Other tangible fixed assets26€163k€124k▼
Financial fixed assets28€12k€12k=
Current assets29/58€3.75M€3.91M▲
Amounts receivable after more than one year29€925k€925k=
Other amounts receivable291€925k€925k=
Amounts receivable within one year40/41€2.81M€2.98M▲
Trade receivables40€11k€32k▲
Other amounts receivable41€2.80M€2.94M▲
Cash at bank and in hand54/58€9k€5k▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€6.19M€6.21M▲
Equity10/15€2.85M€2.93M▲
Contributions10/11€250k€250k=
Reserves13€2.60M€2.68M▲
Tax-exempt reserves132€3k€3k=
Distributable reserves133€2.59M€2.68M▲
Amounts payable17/49€3.34M€3.28M▼
Amounts payable after more than one year17€457k€255k▼
Financial debts170/4€457k€255k▼
Amounts payable within one year42/48€2.88M€2.81M▼
Current portion of amounts payable after more than one year42€223k€202k▼
Trade debts44€21k€19k▼
Suppliers440/4€21k€19k▼
Taxes, remuneration and social security45€20k€31k▲
Taxes450/3€20k€31k▲
Other amounts payable47/48€2.62M€2.56M▼
Accrued charges and deferred income492/3€8k€209k▲
Income statement
Code20242025
Non-recurring operating income76A€17k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151k€137k▼
Other operating charges640/8€5k€8k▲
Gross operating margin9900€221k€210k▼
Operating profit (loss)9901€65k€65k▼
Financial income75/76B€266k€298k▲
Recurring financial income75€266k€298k▲
Financial charges65/66B€203k€233k▲
Recurring financial charges65€203k€233k▲
Profit (loss) for the period before taxes9903€128k€130k▲
Income taxes67/77€41k€42k▲
Profit (loss) for the period9904€87k€88k▲
Profit (loss) for the period to be appropriated9905€87k€88k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€88k▲
Transfer to equity691/2€87k€88k▲
To other reserves6921€87k€88k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €17k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81k | €111k | €160k | €151k | €137k | ▼ 9.3% |
| Other operating charges640/8 | €9k | €8k | €8k | €5k | €8k | ▲ 68.5% |
| Gross operating margin9900 | €153k | €480k | €206k | €221k | €210k | ▼ 5.0% |
| Operating profit (loss)9901 | €63k | €361k | €37k | €65k | €65k | ▼ 0.6% |
| Financial income75/76B | €294k | €251k | €284k | €266k | €298k | ▲ 11.9% |
| Recurring financial income75 | €294k | €251k | €284k | €266k | €298k | ▲ 11.9% |
| Financial charges65/66B | €63k | €93k | €141k | €203k | €233k | ▲ 14.4% |
| Recurring financial charges65 | €63k | €93k | €141k | €203k | €233k | ▲ 14.4% |
| Profit (loss) for the period before taxes9903 | €294k | €518k | €180k | €128k | €130k | ▲ 1.6% |
| Income taxes67/77 | €43k | €143k | €37k | €41k | €42k | ▲ 2.5% |
| Profit (loss) for the period9904 | €251k | €375k | €143k | €87k | €88k | ▲ 1.1% |
| Profit (loss) for the period to be appropriated9905 | €251k | €375k | €143k | €87k | €88k | ▲ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.59M | €4.56M | €3.88M | €6.19M | €6.21M | ▲ 0.3% |
| Fixed assets21/28 | €1.36M | €1.39M | €2.59M | €2.44M | €2.30M | ▼ 5.6% |
| Tangible fixed assets22/27 | €1.05M | €1.23M | €2.57M | €2.42M | €2.29M | ▼ 5.7% |
| Land and buildings22 | €584k | €831k | €2.24M | €2.16M | €2.10M | ▼ 2.9% |
| Plant, machinery and equipment23 | €80k | €71k | €73k | €63k | €54k | ▼ 15.1% |
| Furniture and vehicles24 | €2k | €4k | €5k | €4k | €3k | ▼ 32.6% |
| Leasing and similar rights25 | €108k | €83k | €58k | €33k | €8k | ▼ 76.8% |
| Other tangible fixed assets26 | €280k | €241k | €202k | €163k | €124k | ▼ 23.9% |
| Financial fixed assets28 | €305k | €156k | €12k | €12k | €12k | = |
| Current assets29/58 | €1.23M | €3.18M | €1.29M | €3.75M | €3.91M | ▲ 4.2% |
| Amounts receivable after more than one year29 | €500k | €500k | €500k | €925k | €925k | = |
| Other amounts receivable291 | €500k | €500k | €500k | €925k | €925k | = |
| Amounts receivable within one year40/41 | €671k | €2.67M | €785k | €2.81M | €2.98M | ▲ 5.7% |
| Trade receivables40 | €26k | €27k | €29k | €11k | €32k | ▲ 189% |
| Other amounts receivable41 | €645k | €2.64M | €756k | €2.80M | €2.94M | ▲ 5.0% |
| Cash at bank and in hand54/58 | €57k | €5k | €57 | €9k | €5k | ▼ 40.3% |
| Deferred charges and accrued income490/1 | €4k | €5k | €5k | €5k | €5k | ▲ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.59M | €4.56M | €3.88M | €6.19M | €6.21M | ▲ 0.3% |
| Equity10/15 | €2.24M | €2.62M | €2.76M | €2.85M | €2.93M | ▲ 3.1% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Reserves13 | €1.99M | €2.37M | €2.51M | €2.60M | €2.68M | ▲ 3.4% |
| Non-distributable reserves130/1 | €25k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €25k | €0 | - | - | - | - |
| Tax-exempt reserves132 | €3k | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | €1.96M | €2.36M | €2.51M | €2.59M | €2.68M | ▲ 3.4% |
| Amounts payable17/49 | €350k | €1.95M | €1.12M | €3.34M | €3.28M | ▼ 2.0% |
| Amounts payable after more than one year17 | €149k | €107k | €680k | €457k | €255k | ▼ 44.2% |
| Financial debts170/4 | €149k | €107k | €680k | €457k | €255k | ▼ 44.2% |
| Amounts payable within one year42/48 | €139k | €1.75M | €321k | €2.88M | €2.81M | ▼ 2.3% |
| Current portion of amounts payable after more than one year42 | €42k | €42k | €222k | €223k | €202k | ▼ 9.6% |
| Trade debts44 | €2k | €6k | €4k | €21k | €19k | ▼ 8.1% |
| Suppliers440/4 | €2k | €6k | €4k | €21k | €19k | ▼ 8.1% |
| Taxes, remuneration and social security45 | €34k | €69k | €81k | €20k | €31k | ▲ 55.2% |
| Taxes450/3 | €34k | €69k | €81k | €20k | €31k | ▲ 55.2% |
| Other amounts payable47/48 | €61k | €1.63M | €13k | €2.62M | €2.56M | ▼ 2.1% |
| Accrued charges and deferred income492/3 | €61k | €91k | €117k | €8k | €209k | ▲ 2,427% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €251k | €375k | €143k | €87k | €88k | ▲ 1.1% |
| + Depreciation and write-downs630 | €81k | €111k | €160k | €151k | €137k | ▼ 9.3% |
| Operating cash flow (approximation) | €332k | €486k | €304k | €238k | €225k | ▼ 5.5% |
| Investment in fixed assets (approximation) | - | €-138k | €-1.36M | €0 | €0 | - |
| Change in cash | - | €-52k | €-5k | €9k | €-3k | ▼ 141% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €87k ▼39.2%
Net result drops to €87k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.02
Current ratio from 1.82 to 4.02; short-term debt falls from €1.75M to €321k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 8.85
Current ratio from 1.52 to 8.85; short-term debt falls from €1.54M to €139k.
31-12
Financial
Equity above €2MEq €2.24M ▲12.6%
4 profitable years in a row build equity to €2.24M.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €582k ▲305%
Net result €582k, the highest in the series.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wingene · 1 establishment unit since 2001
Ground area
1.4 ha
Building footprint
551 m²
Volume, LiDAR
1,008 m³
Parcel 37018B0146/00R000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
1 establishment unit
Hertsbergeveldstraat 5, 8750 Wingene
since 20012.095.384.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018B0146/00R000 | Flanders | 1.4 ha | 1 · 551 m² | 7.8 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 2,474 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-09-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.