IMMO-ARAD
ActiveSummary
The computed 12-month bankruptcy probability of IMMO-ARAD is 3.2% (moderate). For IMMO-ARAD, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €8,615 and a net result of €27,046. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 24619 sector peers (fiscal year 2023). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability76▲+3
Solvency27▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
2%
Return on assets
6.2%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
112 d late
2021
127 d early
2020
60 d late
2019
90 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€311,937
EBIT margin
-1.2%
Net result
€27,046▲ 90.1%
2022 · €14,227
Working capital
-€26,614▲ 46.6%
2022 · -€49,839
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover
Operating result€10,314€30,968▲ 200%€14,085▼ 54.5%€14,290▲ 1.5%€35,899▲ 151%
Net result€1,592€19,499within the sector's middle half▲ 1,125%€2,342within the sector's middle half▼ 88.0%€14,227within the sector's middle half▲ 508%€27,046above the sector's middle half▲ 90.1%
EBIT margin
Equity-€54,498▲ 2.8%-€35,000below the sector's middle half▲ 35.8%-€32,658below the sector's middle half▲ 6.7%-€18,431below the sector's middle half▲ 43.6%€8,615within the sector's middle half
Total assets€293,699▲ 8.7%€198,287within the sector's middle half▼ 32.5%€219,981within the sector's middle half▲ 10.9%€436,987above the sector's middle half▲ 98.6%€438,630above the sector's middle half▲ 0.4%
Debt€348,197▲ 6.7%€233,287▼ 33.0%€252,639▲ 8.3%€455,418▲ 80.3%€430,015▼ 5.6%
Working capital-€152,690▼ 0.3%-€68,725below the sector's middle half▲ 55.0%-€66,627below the sector's middle half▲ 3.1%-€49,839below the sector's middle half▲ 25.2%-€26,614below the sector's middle half▲ 46.6%
Solvency-18.6%▲ 2.2pp-17.7%below the sector's middle half▲ 0.9pp-14.8%below the sector's middle half▲ 2.8pp-4.2%below the sector's middle half▲ 10.6pp2.0%below the sector's middle half▲ 6.2pp
Current ratio0.25▲ 0.200.31below the sector's middle half▲ 0.060.49below the sector's middle half▲ 0.180.66below the sector's middle half▲ 0.170.81below the sector's middle half▲ 0.16
Return on assets (ROA)0.5%▲ 5.3pp9.8%within the sector's middle half▲ 9.3pp1.1%within the sector's middle half▼ 8.8pp3.3%within the sector's middle half▲ 2.2pp6.2%within the sector's middle half▲ 2.9pp
Staff (FTE)0.21within the sector's middle half▲ 400%1.2▲ 20.0%2.7
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 151% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €438,630
Fixed assets
€321,497 ▼ 5.7%
Current assets
€117,133 ▲ 21.8%
Equity and liabilities €438,630
Equity
€8,615
Debt
€430,015
Debt finances 98.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€60,463▲
2022 · €37,945
Cash flow
€51,610▲
2022 · €37,882
Quick ratio
0.31▲
2022 · 0.14
Debt to equity
49.91
ROE
313.9%
Interest coverage
6.83▼
2022 · 602.30
Debt ≤ 1 year
€143,748▼
2022 · €145,998
Debt > 1 year
€286,267▼
2022 · €309,421
Staff costs
€72,095▲
2022 · €59,424
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €59,424 | €72,095 | ▲ 21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,360 | €76,822 | €19,139 | €23,655 | €24,563 | ▲ 3.8% |
| Other operating charges640/8 | - | - | - | €4,512 | €6,858 | ▲ 52.0% |
| Non-recurring operating charges66A | - | - | - | €10,416 | - | - |
| Gross operating margin9900 | €39,326 | €143,954 | €64,207 | €112,297 | €139,415 | ▲ 24.1% |
| Operating profit (loss)9901 | €10,314 | €30,968 | €14,085 | €14,290 | €35,899 | ▲ 151% |
| Financial charges65/66B | - | - | - | €63 | €8,853 | ▲ 13,953% |
| Recurring financial charges65 | €8,721 | €11,469 | €11,743 | €63 | €8,853 | ▲ 13,953% |
| Profit (loss) for the period before taxes9903 | €1,592 | €19,499 | €2,342 | €14,227 | €27,046 | ▲ 90.1% |
| Profit (loss) for the period9904 | €1,592 | €19,499 | €2,342 | €14,227 | €27,046 | ▲ 90.1% |
| Profit (loss) for the period to be appropriated9905 | €1,592 | €19,499 | €2,342 | €14,227 | €27,046 | ▲ 90.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €293,699 | €198,287 | €219,981 | €436,987 | €438,630 | ▲ 0.4% |
| Fixed assets21/28 | €243,509 | €167,851 | €156,842 | €340,828 | €321,497 | ▼ 5.7% |
| Tangible fixed assets22/27 | €243,509 | €167,751 | €151,242 | €335,228 | €315,897 | ▼ 5.8% |
| Land and buildings22 | - | - | - | €327,000 | €304,591 | ▼ 6.9% |
| Plant, machinery and equipment23 | - | - | - | €8,228 | €11,306 | ▲ 37.4% |
| Furniture and vehicles24 | - | - | - | €0 | €0 | - |
| Financial fixed assets28 | - | €100 | €5,600 | €5,600 | €5,600 | = |
| Current assets29/58 | €50,190 | €30,436 | €63,139 | €96,159 | €117,133 | ▲ 21.8% |
| Amounts receivable after more than one year29 | - | - | - | - | €28,646 | - |
| Other amounts receivable291 | - | - | - | - | €28,646 | - |
| Stocks and contracts in progress3 | - | - | - | €76,372 | €72,538 | ▼ 5.0% |
| Stocks30/36 | - | - | - | €76,372 | €72,538 | ▼ 5.0% |
| Amounts receivable within one year40/41 | €4,596 | €5,863 | €12,971 | €11,451 | €12,392 | ▲ 8.2% |
| Other amounts receivable41 | - | - | - | €11,451 | €12,392 | ▲ 8.2% |
| Cash at bank and in hand54/58 | €44,930 | €24,097 | €49,678 | €8,085 | €2,708 | ▼ 66.5% |
| Deferred charges and accrued income490/1 | - | - | - | €251 | €850 | ▲ 239% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €293,699 | €198,287 | €219,981 | €436,987 | €438,630 | ▲ 0.4% |
| Equity10/15 | -€54,498 | -€35,000 | -€32,658 | -€18,431 | €8,615 | ▲ 147% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€73,098 | -€53,600 | -€51,258 | -€37,031 | -€9,985 | ▲ 73.0% |
| Amounts payable17/49 | €348,197 | €233,287 | €252,639 | €455,418 | €430,015 | ▼ 5.6% |
| Amounts payable after more than one year17 | €145,317 | €134,126 | €122,374 | €309,421 | €286,267 | ▼ 7.5% |
| Financial debts170/4 | - | - | - | €301,621 | €278,467 | ▼ 7.7% |
| Other amounts payable178/9 | - | - | - | €7,800 | €7,800 | = |
| Amounts payable within one year42/48 | €202,880 | €99,161 | €129,765 | €145,998 | €143,748 | ▼ 1.5% |
| Trade debts44 | €1,702 | €17,158 | €16,578 | €28,939 | €19,884 | ▼ 31.3% |
| Suppliers440/4 | - | - | - | €28,939 | €19,884 | ▼ 31.3% |
| Taxes, remuneration and social security45 | - | - | - | €12,317 | €19,169 | ▲ 55.6% |
| Taxes450/3 | - | - | - | €5,578 | €10,937 | ▲ 96.1% |
| Remuneration and social security454/9 | - | - | - | €6,739 | €8,233 | ▲ 22.2% |
| Other amounts payable47/48 | - | - | - | €104,742 | €104,694 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,592 | €19,499 | €2,342 | €14,227 | €27,046 | ▲ 90.1% |
| + Depreciation and write-downs630 | €19,360 | €76,822 | €19,139 | €23,655 | €24,563 | ▲ 3.8% |
| Operating cash flow (approximation) | €20,952 | €96,320 | €21,480 | €37,882 | €51,610 | ▲ 36.2% |
| Investment in fixed assets (approximation) | - | -€1,164 | -€8,130 | -€207,641 | -€5,232 | ▲ 97.5% |
| Change in cash | - | -€20,833 | €25,581 | -€41,593 | -€5,377 | ▲ 87.1% |
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
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €27,046 ▲90.1%
Operating result €35,899, net result €27,046, both a record.
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 112 days late
2022
26-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €1,592
Net result €1,592 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
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
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 3 establishment units since 2011
Ground area
639 m²
Building footprint
459 m²
Volume, LiDAR
7,454 m³
3 parcels, Brussels · tallest building 26.3 m, ±8 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Lambermontlaan 66, 1030 Schaarbeek
since 20112.195.861.848
Gustave Latinislaan 45, 1030 Schaarbeek
since 20242.357.804.338
Haachtsesteenweg 345, 1030 Schaarbeek
since 20252.374.790.523
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21015A0489/00E002 | Brussels | 393 m² | 1 · 239 m² | 26.3 m · 8 fl. |
| 21910E0170/00Z000 | Brussels | 132 m² | 1 · 130 m² | 16.8 m · 3 fl. |
| 21903B0225/00Z002 | Brussels | 114 m² | 1 · 91 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesSchaarbeek2.195.861.848
Schaarbeek2.357.804.338
Schaarbeek2.374.790.523
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Of 10,504 companies in this sector we hold annual accounts for 5,855. 3,297 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833491009
Also
9925:BE0833491009
Registered
06-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.