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IMMO 583

Active
Private limited companyfounded 199332 yrs activeWolvindreef 6, 1170 Watermaal-Bosvoorde, BelgiumKBO/BCE: BE 0451.792.940
Summary

IMMO 583 has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2.2m) and a net result of -€309,537. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability18▲+2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 20.25 against 5.78 in 2024; short-term debt: 0.2% and cash: 0.1% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 32 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-41.2%
Return on assets
-5.8%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€2.2m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-01-2026, 26 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
26 d early
2024
2 d early
2023
41 d early
2022
83 d early
2021
89 d early
2020
93 d early
2019
88 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 60 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO 583 was incorporated on 23 December 1993.1 Total assets rose from EUR 3.3 million in 2019 to EUR 5.4 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€309,537▼ 38.4%
2024 · -€223,614
Working capital
€217,940▲ 176%
2024 · €78,887
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€79,561▼ 60.0%-€75,573▲ 5.0%€79,613€21,029▼ 73.6%-€74,059
Net result-€135,692below the sector's middle half▼ 41.8%-€132,681below the sector's middle half▲ 2.2%-€69,667below the sector's middle half▲ 47.5%-€223,614below the sector's middle half▼ 221%-€309,537below the sector's middle half▼ 38.4%
Equity-€1.5mbelow the sector's middle half▼ 10.2%-€1.6mbelow the sector's middle half▼ 9.0%-€1.7mbelow the sector's middle half▼ 4.3%-€1.9mbelow the sector's middle half▼ 13.4%-€2.2mbelow the sector's middle half▼ 16.3%
Total assets€4.1mwithin the sector's middle half▲ 16.5%€4.7mwithin the sector's middle half▲ 14.5%€5.4mwithin the sector's middle half▲ 14.9%€5.4mwithin the sector's middle half▲ 0.6%€5.4mwithin the sector's middle half▼ 1.6%
Debt€5.6m▲ 14.7%€6.3m▲ 13.1%€7.1m▲ 12.2%€7.3m▲ 3.6%€7.6m▲ 3.0%
Working capital-€1.6m▼ 65.6%-€206,528▲ 86.8%€16,909€78,887▲ 367%€217,940▲ 176%
Solvency-35.8%below the sector's middle half▲ 2.0pp-34.1%below the sector's middle half▲ 1.7pp-30.9%below the sector's middle half▲ 3.1pp-34.9%below the sector's middle half▼ 3.9pp-41.2%below the sector's middle half▼ 6.4pp
Staff (FTE)0below the sector's middle half
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€400,000-€300,000-€200,000-€100,000€0€100,000Operating result 2021: -€79,561-€79,561Net result 2021: -€135,692-€135,692Operating result 2022: -€75,573-€75,573Net result 2022: -€132,681-€132,681Operating result 2023: €79,613€79,613Net result 2023: -€69,667-€69,667Operating result 2024: €21,029€21,029Net result 2024: -€223,614-€223,614Operating result 2025: -€74,059-€74,059Net result 2025: -€309,537-€309,53720212022202320242025-€400,000-€300,000-€200,000-€100,000€0€100,000Operating result 2023: €79,613€79,600Net result 2023: -€69,667-€69,700Operating result 2024: €21,029€21,000Net result 2024: -€223,614-€224,000Operating result 2025: -€74,059-€74,100Net result 2025: -€309,537-€310,000202320242025
The operating result turns negative in 2025: a loss of €74,059 after €21,029 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.4m
Fixed assets €5.1m ▼ 4.2%
Current assets €229,263 ▲ 140%
Key figures and ratios
2025 value · change against 2024
EBITDA
€197,123▲
2024 · €75,458
Cash flow
-€38,354▲
2024 · -€169,185
Current ratio
20.25▲
2024 · 5.78
Debt to equity
-3.43▲
2024 · -3.87
ROA
-5.8%▼
2024 · -4.1%
Interest coverage
0.84▲
2024 · 0.31
Debt ≤ 1 year
€11,323▼
2024 · €16,494
Debt > 1 year
€7.5m▲
2024 · €7.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.

  • Small
  • 20 years or older
  • negative equity
  • a small loss
1.7% went bankrupt
3.9% stopped otherwise
93% still going

A further 1.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.4m€5.4m▼
Fixed assets21/28€5.3m€5.1m▼
Tangible fixed assets22/27€5.3m€5.1m▼
Land and buildings22€2.0m€5.1m▲
Assets under construction and advance payments27€3.3m€0▼
Current assets29/58€95,381€229,263▲
Amounts receivable within one year40/41€60,670€217,802▲
Trade receivables40€60,670€217,802▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€30,416€5,889▼
Deferred charges and accrued income490/1€4,294€5,571▲
Equity and liabilities
Total equity and liabilities10/49€5.4m€5.4m▼
Equity10/15-€1.9m-€2.2m▼
Contributions10/11€682,000€682,000=
Reserves13€35,231€35,231=
Distributable reserves133€35,231€35,231=
Profit (loss) carried forward14-€2.6m-€2.9m▼
Amounts payable17/49€7.3m€7.6m▲
Amounts payable after more than one year17€7.3m€7.5m▲
Financial debts170/4€2.7m€2.7m=
Other amounts payable178/9€4.7m€4.9m▲
Amounts payable within one year42/48€16,494€11,323▼
Trade debts44€8,957€8,426▼
Suppliers440/4€8,957€8,426▼
Taxes, remuneration and social security45€7,537€2,897▼
Taxes450/3€7,537€2,897▼
Accrued charges and deferred income492/3€6,048€6,202▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,429€271,183▲
Other operating charges640/8€12,756€13,202▲
Gross operating margin9900€88,214€210,325▲
Operating profit (loss)9901€21,029-€74,059▼
Financial charges65/66B€244,643€235,477▼
Recurring financial charges65€244,643€235,477▼
Profit (loss) for the period before taxes9903-€223,614-€309,537▼
Profit (loss) for the period9904-€223,614-€309,537▼
Profit (loss) for the period to be appropriated9905-€223,614-€309,537▼
Appropriation of the result
Profit (loss) to be appropriated9906-€2.6m-€2.9m▼
Profit (loss) brought forward from the previous period14P-€2.4m-€2.6m▼

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€3,487€0---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55,181€54,429€54,429€54,429€271,183▲ 398%
Other operating charges640/8-€15,432€11,600€12,756€13,202▲ 3.5%
Gross operating margin9900-€13,299-€5,712€145,642€88,214€210,325▲ 138%
Operating profit (loss)9901-€79,561-€75,573€79,613€21,029-€74,059▼ 452%
Financial charges65/66B-€57,107€149,280€244,643€235,477▼ 3.7%
Recurring financial charges65€56,131€57,107€149,280€244,643€235,477▼ 3.7%
Profit (loss) for the period before taxes9903-€135,692-€132,681-€69,667-€223,614-€309,537▼ 38.4%
Income taxes67/77€0-----
Profit (loss) for the period9904-€135,692-€132,681-€69,667-€223,614-€309,537▼ 38.4%
Profit (loss) for the period to be appropriated9905-€135,692-€132,681-€69,667-€223,614-€309,537▼ 38.4%
Line20212022202320242025Change
Assets
Total assets20/58€4.1m€4.7m€5.4m€5.4m€5.4m▼ 1.6%
Fixed assets21/28€2.7m€4.6m€5.3m€5.3m€5.1m▼ 4.2%
Tangible fixed assets22/27€2.7m€4.6m€5.3m€5.3m€5.1m▼ 4.2%
Land and buildings22-€2.1m€2.1m€2.0m€5.1m▲ 151%
Assets under construction and advance payments27-€2.5m€3.2m€3.3m€0▼ 100%
Financial fixed assets28€0-----
Current assets29/58€1.4m€82,549€126,362€95,381€229,263▲ 140%
Stocks and contracts in progress3€942,121€0----
Stocks30/36-€0----
Amounts receivable within one year40/41€332€2,392€1,018€60,670€217,802▲ 259%
Trade receivables40-€2,392€0€60,670€217,802▲ 259%
Other amounts receivable41-€0€1,018€0--
Cash at bank and in hand54/58€425,244€77,652€120,451€30,416€5,889▼ 80.6%
Deferred charges and accrued income490/1-€2,505€4,893€4,294€5,571▲ 29.7%
Equity and liabilities
Total equity and liabilities10/49€4.1m€4.7m€5.4m€5.4m€5.4m▼ 1.6%
Equity10/15-€1.5m-€1.6m-€1.7m-€1.9m-€2.2m▼ 16.3%
Contributions10/11-€682,000€682,000€682,000€682,000=
Reserves13€35,231€35,231€35,231€35,231€35,231=
Distributable reserves133-€35,231€35,231€35,231€35,231=
Profit (loss) carried forward14-€2.2m-€2.3m-€2.4m-€2.6m-€2.9m▼ 11.8%
Amounts payable17/49€5.6m€6.3m€7.1m€7.3m€7.6m▲ 3.0%
Amounts payable after more than one year17€2.7m€6.0m€7.0m€7.3m€7.5m▲ 3.1%
Financial debts170/4-€2.7m€2.7m€2.7m€2.7m=
Other amounts payable178/9-€3.4m€4.3m€4.7m€4.9m▲ 4.8%
Amounts payable within one year42/48€2.9m€289,078€109,453€16,494€11,323▼ 31.3%
Trade debts44€189,280€236,652€87,462€8,957€8,426▼ 5.9%
Suppliers440/4-€236,652€87,462€8,957€8,426▼ 5.9%
Taxes, remuneration and social security45-€52,425€21,991€7,537€2,897▼ 61.6%
Taxes450/3-€52,425€21,991€7,537€2,897▼ 61.6%
Other amounts payable47/48-€0----
Accrued charges and deferred income492/3-€4,937€5,814€6,048€6,202▲ 2.5%
Line20212022202320242025Change
Profit (loss) for the period9904-€135,692-€132,681-€69,667-€223,614-€309,537▼ 38.4%
+ Depreciation and write-downs630€55,181€54,429€54,429€54,429€271,183▲ 398%
Operating cash flow (approximation)-€80,511-€78,252-€15,239-€169,185-€38,354▲ 77.3%
Investment in fixed assets (approximation)--€1.9m-€712,064-€118,158-€48,943▲ 58.6%
Change in cash--€347,592€42,799-€90,036-€24,527▲ 72.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
05-01
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial Weakest financial yearnet -€309,537
Net result drops to -€309,537, the lowest in the series.
30-06
Financial Liquidity quadruplescurrent ratio 20.25
Current ratio from 5.78 to 20.25; short-term debt falls from €16,494 to €11,323.
29-01
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial Liquidity times 5current ratio 5.78
Current ratio from 1.15 to 5.78; short-term debt falls from €109,453 to €16,494.
2023
21-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial Liquidity quadruplescurrent ratio 1.15
Current ratio from 0.29 to 1.15; short-term debt falls from €289,078 to €109,453.
2022
09-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2021
03-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2020
30-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2019
04-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2018
21-11
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2017
27-10
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2016
27-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 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
9 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, Watermaal-Bosvoorde · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
2,400 m²
Building footprint
389 m²
Volume, LiDAR
2,486 m³
Parcel 21652F0022/00D002, Brussels · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wolvindreef 6, 1170 Watermaal-Bosvoorde
NACE 52501
since 19942.068.255.576
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652F0022/00D002 Brussels 2,400 m² 1 · 389 m² 15.3 m · 2 fl.
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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. OBSERVATORIUM 100%
  2. IMMO 583

Highest known parent: OBSERVATORIUM. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-12-1993
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0451792940
Also 9925:BE0451792940
Registered 15-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.