Turnover
≈ €310,000 estimated
The accounts state no turnover.
IMMO AERO
Lifetime
16 annual accounts with figures on one time axisGross marginpeak €377,308 (2019)
€230,669▼ 15.4%
Resultlowest -€89,013 (2010)
€27,899▲ €35,397
Equitypeak €307,611 (2025)
€307,611▲ 10.0%
Debts
€1.1m▲ 4.1%
Staffpeak 3.7 FTE (2022)
-not published
Board4 names since 2022
3 directorsHANOCQ GROUP and 2 others
Owners2 names in the annual accounts
Documentsfilings and deeds
28-10-202689 days late
2025micro format
Gross margin from €272,556 to €230,669Back to profit: €27,899Resignation: Morgane POULAERT (director) 13-06Cash from €866 to €14,542
Key points
from the 2025 annual accountsDebts
€1.1m 75% of the balance sheet
Financial debts 65%Suppliers 18%Taxes and wages 2%Other 15%
Of this, €394,032 falls due within a year.
Investments
€19,153 0.2 × depreciation
Green is investment, beige is depreciation.
Filings
16 annual accounts 89 days
Latest accounts filed late: after the legal deadline.
At the same address
30 companies
Position in the sector
€230,669
Higher gross margin than 90% of companies in real estate. Sector median €40,720 · 17,131 companies.
Checked score
82
Excellent
Financially stronger than 50% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.4%● unchanged vs 02-2025
04-2025: 1.4%● unchanged vs 03-2025
05-2025: 1.4%● unchanged vs 04-2025
06-2025: 1.3%▼ -0.1 percentage points vs 05-2025
07-2025: 1.5%▲ +0.2 percentage points vs 06-2025
08-2025: 2.1%▲ +0.6 percentage points vs 07-2025
09-2025: 2.3%▲ +0.2 percentage points vs 08-2025
10-2025: 2.9%▲ +0.6 percentage points vs 09-2025highest value
11-2025: 1.4%▼ -1.5 percentage points vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.5%▲ +0.1 percentage points vs 01-2026
03-2026: 1.5%● unchanged vs 02-2026
04-2026: 1.4%▼ -0.1 percentage points vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.4%● unchanged vs 05-2026
07-2026: 1.3%▼ -0.1 percentage points vs 06-2026
08-2026: 2.0%▲ +0.7 percentage points vs 07-2026
09-2026: 2.3%▲ +0.3 percentage points vs 08-2026
10-2026: 0.5%▼ -1.8 percentage points vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 89 days late; 3 of the last 3 accounts late
Liquidity: current ratio 0.87, cash €14,542
lowers risk
Size: total assets €1.5m
Founded in 2009
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 40% of them on solvency, 34% on liquidity, 61% on profitability and 66% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as IMMO AERO has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO AERO itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for IMMO AERO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.87 (0.8 in 2024), below 1. Short-term debt is 25.9% and cash 1% of total assets. 79.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 89 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-10-2026, 89 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
89 days late
2024
71 days late
2023
61 days late
2022
3 days early
2021
43 days late
2020
30 days early
2019
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 October (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HANOCQ GROUP 92.47%bankrupt since 19-05-2025equity -€35,846 (2023) · 30-06-2023 annual accounts of HANOCQ GROUP
- C.R. DEVELOPPEMENT 32.26%score 65equity €595,982 (2025) · 2024 annual accounts of C.R. DEVELOPPEMENT
- CoolBro'S Investequity €413,733 (2025) · deed of 28-12-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809257637
Resignation: Morgane POULAERT (director)
Appointment: Ludovic COEL (director) · Director discharge: Morgane POULAERT · General meeting of 25-04-2025 · Gazette deed
Resignation: HANOCQ GROUP (director)
Permanent representative: Grégory HANOCQ · General meeting of 19-09-2024 · Gazette deed
Appointments: Stéphane COËL (daily management delegate) and Morgane POULAERT (chair of the board)
General meeting of 20-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| IMMO AERO Charleroi | €1.5m | €230,669 | 20.2% | - |
| MACLAN Knokke-Heist | €1.6m | €217,501 | 37.0% | - |
| ELEUTHEROS Leuven | €1.6m | €251,778 | 24.1% | - |
| TRIP44 Wetteren | €1.6m | €233,853 | 40.6% | - |
| PATVAN Glabbeek | €1.4m | €206,589 | 66.7% | - |
| BOX Mortsel | €1.5m | €269,413 | 90.1% | - |
| S-CONCEPT Aarschot | €1.7m | €210,382 | 16.9% | - |
These companies have the same main activity as IMMO AERO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.4m and €1.7m, founded between 2007 and 2010.
Official details
Source: KBO- Status
- Active since 21-01-2009Normal situation
- Registered office
- 31 active companies are registered at this addressSource: KBO register, as of 5 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2023
- Establishment unit
- 2.185.377.4356041 Charleroi, since 21-01-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on IMMO AERO
IMMO AERO files the micro format. That format states no turnover. The gross margin rose from -€71,730 in 2010 to €230,669 in 2025.
The balance sheet grew most in 2019 through fixed assets, financed with long-term debt.
HANOCQ GROUP holds 92.47% of the shares. HANOCQ GROUP went bankrupt on 19 May 2025. In October 2024, the Official Gazette published the appointment of Stéphane COEL as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMO AERO
- What is the company number of IMMO AERO?
- The company number of IMMO AERO is 0809.257.637. The VAT number is the same number with BE in front: BE 0809.257.637.
- Where is IMMO AERO based?
- The registered office is at Rue Petit Piersoulx 1, 6041 Charleroi.Company details
- What does IMMO AERO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of IMMO AERO?
- IMMO AERO is a private limited company (BV).
- When was IMMO AERO founded?
- IMMO AERO was founded on 21-01-2009.
- Is IMMO AERO still active?
- Yes, IMMO AERO is an active enterprise in the KBO register.
- How many employees does IMMO AERO have?
- IMMO AERO had an average of 0.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- Which joint committee does IMMO AERO fall under?
- In its 2023 annual accounts, IMMO AERO states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of IMMO AERO?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €230,669 and 37 comparable companies (NACE 68203). It probably lies between €250,000 and €490,000. In financial year 2021 turnover was €418,088.
- Is IMMO AERO profitable?
- In financial year 2025, IMMO AERO made a profit of €27,899.
- Where can I find the annual accounts of IMMO AERO?
- IMMO AERO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMO AERO due?
- IMMO AERO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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