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Immo Apfelbaum

Active
Private limited companyfounded 20206 yrs activeNinoofse Steenweg 534, 1070 Anderlecht, BelgiumKBO/BCE: BE 0748.898.396
Summary

Immo Apfelbaum has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of -€1.1m. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 9986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
Immo ApfelbaumActiveChecked score 66/100
Risk analysis ReportCompare

Overview

Activity
Renting and operating of own or leased residential real estate, excluding social housing
NACE 68201
1 site
Size
€495,288turnover 2025
Equity
€2.6m
Loss
-€1.1m
Financial health
66 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Parent
Care-Ion · 100%
Accounts 23 d early0 of 5 deeds read
Why 66- Liquidity: current ratio 0.00, cash €73- Loss of €1.1m, the second in a row (FY 2025)+ Sector Real estate activities (NACE 68)+ Size: turnover €495,288, total assets €9.6mShow the evidence

Checked score

Score 2025
66 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 18% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 52-9
equity 27.3% of total assets
Liquidity 11-5
short-term debt 72.5% · cash 0.0%
Profitability 3-44
return on assets -11.2%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,922 companies)
Last 14 months 09-2025: 0.6% 10-2025: 0.6%▼ -3.2% vs 09-2025 11-2025: 0.6%● 0.0% vs 10-2025 12-2025: 0.6%▼ -0.4% vs 11-2025 01-2026: 0.6%▼ -0.4% vs 12-2025 02-2026: 0.5%▼ -4.2% vs 01-2026lowest value 03-2026: 0.6%▲ +10.0% vs 02-2026 04-2026: 0.6%▲ +5.9% vs 03-2026 05-2026: 0.6%▲ +2.4% vs 04-2026 06-2026: 0.7%▲ +3.4% vs 05-2026 07-2026: 0.7%▼ -1.3% vs 06-2026 08-2026: 0.8%▲ +16.4% vs 07-2026highest value 09-2026: 0.8%▼ -2.0% vs 08-2026 10-2026: 0.8%● 0.0% vs 09-2026
  • Liquidity: current ratio 0.00, cash €73 raises the probability
  • Sector Real estate activities (NACE 68) lowers the probability
  • Loss of €1.1m, the second in a row (FY 2025) raises the probability
  • Size: turnover €495,288, total assets €9.6m lowers the probability for this profile
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 72.5% and cash: 0% of total assets), and 72.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 47%, liquidity 10%, profitability 2%, growth against the median 13%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.00, cash €73
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Loss of €1.1m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: turnover €495,288, total assets €9.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2122232425
2021 to 2025 · latest year -€1.1m
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 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
23 d early
2024
21 d early
2023
14 d early
2022
15 d early
2021
12 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 17 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet -€1.1m
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€1.1m View
  • Caution: Result fell in 2025from -€396,041 to -€1.1m ▼ 170% View
  • Caution: Among the weakest 5% on net resultsector median €10,350 · 9,976 companies -€1.1m View
  • Controlled by Care-Ionknown shareholders 100% 100% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Turnover
€495,288
Loss
-€1.1m
Solvency
27.3%
Turnover▼ 17.5%
Net result
20232025
Go to Financials

Timeline

Events
8
Since
2022
Next accounts
by 31-07-2027
  1. 08-07-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 10-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Renting and operating of own or leased residential…NACE 68201
Founded
24-06-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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