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IMMO - AH

Active
Public limited companyfounded 199233 yrs activeWellingstraat(HEU) 116A, 9070 Destelbergen, BelgiumKBO/BCE: BE 0448.942.031
Summary

IMMO - AH has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €611,243 and a net result of -€10,377. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability67▼-1
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
short-term debt: 0.1% and cash: 6.2% of total assets, and 0.5% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
99.5%
Return on assets
-1.7%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 d early
2024
6 d early
2023
21 d early
2022
33 d early
2021
10 d late
2020
1 d early
2019
80 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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 - AH was incorporated on 14 December 1992.1 Total assets fell from EUR 761,423 in 2018 to EUR 614,435 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€611,243▼ 1.7%
2024 · €621,620
Total assets
€614,435▼ 1.6%
2024 · €624,434
Net result
-€10,377▼ 122%
2024 · -€4,678
Working capital
€244,419▲ 7.2%
2024 · €228,070
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€177▲ 88.9%€345-€4,964-€4,763▲ 4.0%-€11,375▼ 139%
Net result-€5,993▲ 4.0%-€2,406▲ 59.8%-€6,898▼ 187%-€4,678▲ 32.2%-€10,377▼ 122%
Equity€635,603▼ 0.9%€633,197▼ 0.4%€626,298▼ 1.1%€621,620▼ 0.7%€611,243▼ 1.7%
Total assets€674,741▼ 4.2%€657,962▼ 2.5%€637,856▼ 3.1%€624,434▼ 2.1%€614,435▼ 1.6%
Debt€39,139▼ 37.7%€24,766▼ 36.7%€11,558▼ 53.3%€2,814▼ 75.7%€3,193▲ 13.5%
Working capital€187,734▼ 9.9%€193,354▲ 3.0%€212,097▲ 9.7%€228,070▲ 7.5%€244,419▲ 7.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€177-€177Net result 2021: -€5,993-€5,993Operating result 2022: €345€345Net result 2022: -€2,406-€2,406Operating result 2023: -€4,964-€4,964Net result 2023: -€6,898-€6,898Operating result 2024: -€4,763-€4,763Net result 2024: -€4,678-€4,678Operating result 2025: -€11,375-€11,375Net result 2025: -€10,377-€10,37720212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€4,964-€4,960Net result 2023: -€6,898-€6,900Operating result 2024: -€4,763-€4,760Net result 2024: -€4,678-€4,680Operating result 2025: -€11,375-€11,400Net result 2025: -€10,377-€10,400202320242025
The operating result stays negative: a loss of €11,375 in 2025 against €4,763 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €614,435
Fixed assets €369,562 ▼ 6.5%
Current assets €244,873 ▲ 6.9%
Equity and liabilities €614,435
Equity €611,243 ▼ 1.7%
Debt €3,193 ▲ 13.5%
Debt's share of the balance-sheet total rises from 0.5% to 0.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€14,376▼
2024 · €20,785
Cash flow
€15,374▼
2024 · €20,870
Debt to equity
0.01▲
2024 · 0.00
ROE
-1.7%▼
2024 · -0.8%
ROA
-1.7%▼
2024 · -0.7%
Interest coverage
319.47▲
2024 · 26.15
Debt ≤ 1 year
€455▼
2024 · €1,051
A ratio outside any meaningful range has been withheld (balance sheet total €614,435, equity €611,243).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 8,594 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 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€624,434€614,435▼
Fixed assets21/28€395,314€369,562▼
Tangible fixed assets22/27€395,314€369,562▼
Land and buildings22€366,985€344,044▼
Plant, machinery and equipment23€26,328€23,519▼
Furniture and vehicles24€2,000€2,000=
Current assets29/58€229,121€244,873▲
Amounts receivable after more than one year29-€94,333
Other amounts receivable291-€94,333
Amounts receivable within one year40/41€281€4,965▲
Other amounts receivable41€281€4,965▲
Current investments50/53€202,888€103,617▼
Cash at bank and in hand54/58€22,045€38,043▲
Deferred charges and accrued income490/1€3,907€3,915▲
Equity and liabilities
Total equity and liabilities10/49€624,434€614,435▼
Equity10/15€621,620€611,243▼
Contributions10/11€675,000€675,000=
Reserves13€37,517€37,517=
Non-distributable reserves130/1€8,244€8,244=
Reserves not available under the articles1311€8,244€8,244=
Tax-exempt reserves132€273€273=
Distributable reserves133€29,000€29,000=
Profit (loss) carried forward14-€90,897-€101,274▼
Amounts payable17/49€2,814€3,193▲
Amounts payable within one year42/48€1,051€455▼
Trade debts44€1,051€455▼
Suppliers440/4€1,051€455▼
Accrued charges and deferred income492/3€1,763€2,738▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,548€25,751▲
Other operating charges640/8€6,403€6,359▼
Gross operating margin9900€27,188€20,735▼
Operating profit (loss)9901-€4,763-€11,375▼
Financial income75/76B€1,111€1,043▼
Recurring financial income75€1,111€1,043▼
Financial charges65/66B€795€45▼
Recurring financial charges65€795€45▼
Profit (loss) for the period before taxes9903-€4,447-€10,377▼
Income taxes67/77€231-
Profit (loss) for the period9904-€4,678-€10,377▼
Profit (loss) for the period to be appropriated9905-€4,678-€10,377▼
Appropriation of the result
Profit (loss) to be appropriated9906-€90,897-€101,274▼
Profit (loss) brought forward from the previous period14P-€86,219-€90,897▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,969€25,846€25,641€25,548€25,751▲ 0.8%
Other operating charges640/8€5,912€5,851€6,025€6,403€6,359▼ 0.7%
Gross operating margin9900€30,705€32,041€26,702€27,188€20,735▼ 23.7%
Operating profit (loss)9901-€177€345-€4,964-€4,763-€11,375▼ 139%
Financial income75/76B€97€286€694€1,111€1,043▼ 6.2%
Recurring financial income75€97€286€694€1,111€1,043▼ 6.2%
Financial charges65/66B€5,913€3,037€2,629€795€45▼ 94.3%
Recurring financial charges65€5,913€3,037€2,629€795€45▼ 94.3%
Profit (loss) for the period before taxes9903-€5,993-€2,406-€6,898-€4,447-€10,377▼ 133%
Income taxes67/77---€231--
Profit (loss) for the period9904-€5,993-€2,406-€6,898-€4,678-€10,377▼ 122%
Profit (loss) for the period to be appropriated9905-€5,993-€2,406-€6,898-€4,678-€10,377▼ 122%
Line20212022202320242025Change
Assets
Total assets20/58€674,741€657,962€637,856€624,434€614,435▼ 1.6%
Fixed assets21/28€466,588€440,742€415,101€395,314€369,562▼ 6.5%
Tangible fixed assets22/27€466,588€440,742€415,101€395,314€369,562▼ 6.5%
Land and buildings22€437,270€413,658€390,251€366,985€344,044▼ 6.3%
Plant, machinery and equipment23€27,318€25,084€22,851€26,328€23,519▼ 10.7%
Furniture and vehicles24€2,000€2,000€2,000€2,000€2,000=
Current assets29/58€208,153€217,220€222,755€229,121€244,873▲ 6.9%
Amounts receivable after more than one year29€25,119€2,030€231-€94,333-
Other amounts receivable291€25,119€2,030€231-€94,333-
Amounts receivable within one year40/41--€207€281€4,965▲ 1,668%
Other amounts receivable41--€207€281€4,965▲ 1,668%
Current investments50/53€176,166€199,541€202,057€202,888€103,617▼ 48.9%
Cash at bank and in hand54/58€6,527€15,448€20,048€22,045€38,043▲ 72.6%
Deferred charges and accrued income490/1€341€202€211€3,907€3,915▲ 0.2%
Equity and liabilities
Total equity and liabilities10/49€674,741€657,962€637,856€624,434€614,435▼ 1.6%
Equity10/15€635,603€633,197€626,298€621,620€611,243▼ 1.7%
Contributions10/11€675,000€675,000€675,000€675,000€675,000=
Reserves13€37,517€37,517€37,517€37,517€37,517=
Non-distributable reserves130/1€8,244€8,244€8,244€8,244€8,244=
Reserves not available under the articles1311€8,244€8,244€8,244€8,244€8,244=
Tax-exempt reserves132€273€273€273€273€273=
Distributable reserves133€29,000€29,000€29,000€29,000€29,000=
Profit (loss) carried forward14-€76,915-€79,321-€86,219-€90,897-€101,274▼ 11.4%
Amounts payable17/49€39,139€24,766€11,558€2,814€3,193▲ 13.5%
Amounts payable after more than one year17€17,879-----
Financial debts170/4€17,879-----
Amounts payable within one year42/48€20,419€23,866€10,658€1,051€455▼ 56.8%
Current portion of amounts payable after more than one year42€20,093€22,970€7,560---
Trade debts44-€895€3,098€1,051€455▼ 56.8%
Suppliers440/4-€895€3,098€1,051€455▼ 56.8%
Taxes, remuneration and social security45€327-----
Taxes450/3€327-----
Accrued charges and deferred income492/3€840€900€900€1,763€2,738▲ 55.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€5,993-€2,406-€6,898-€4,678-€10,377▼ 122%
+ Depreciation and write-downs630€24,969€25,846€25,641€25,548€25,751▲ 0.8%
Operating cash flow (approximation)€18,977€23,440€18,743€20,870€15,374▼ 26.3%
Investment in fixed assets (approximation)-€0€0-€5,760€0▲ 100%
Change in cash-€8,921€4,601€1,997€15,997▲ 701%

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 31-07-2027
2026
29-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€10,377
Net result drops to -€10,377, the lowest in the series.
31-12
Financial Liquidity doublescurrent ratio 538.78
Current ratio from 218.01 to 538.78; short-term debt falls from €1,051 to €455.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity times 10current ratio 218.01
Current ratio from 20.90 to 218.01; short-term debt falls from €10,658 to €1,051.
10-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Liquidity doublescurrent ratio 20.90
Current ratio from 9.10 to 20.90; short-term debt falls from €23,866 to €10,658.
28-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
10-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
30-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
19-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
18-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Destelbergen · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
4,827 m²
Building footprint
770 m²
Volume, LiDAR
4,667 m³
2 parcels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IMMO - AH
Wellingstraat(HEU) 116, 9070 DestelbergenInsurance, reinsurance and pension funding, except compulsory social security
since 19932.064.315.002
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44028D0093/00E000 Flanders 2,515 m² 1 · 516 m² 11.5 m · 2 fl.
44028D0092/00M000 Flanders 2,312 m² 1 · 254 m² 12.0 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded14-12-1992
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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