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IMMO ATH

Active
Private limited companyfounded 201411 yrs activeRue de la Senne 61, 7060 Soignies, BelgiumKBO/BCE: BE 0505.899.342
Summary

The computed 12-month bankruptcy probability of IMMO ATH is 1.6% (moderate). The 2025 annual accounts show negative equity (-€12,182) and a net result of -€14,716. Equity is shrinking by ~27.3% per year across the filed fiscal years. The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+17
Solvency24▼-1
Growth33=
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05; short-term debt: 17.2% of total assets), and 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 · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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
-1.4%
Return on assets
-1.7%
Age of the figures
9 mo
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 · 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 11 years 0 20 y
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€12,182
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 filings
Deviation from the deadline
2025
10 d late
2024
3 d early
2023
12 d late
2022
11 d late
2021
12 d late
2020
10 d late
2019
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 2 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. Usually files around 11 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 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 ATH was incorporated on 3 December 2014.1 Total assets rose from EUR 209,251 in 2018 to EUR 873,867 in 2025.2

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

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Financials · fiscal year 2025, abbreviated schema

Turnover
€72,000▲ 0.6%
2018 · €71,572
EBIT margin
81.9%▼ 20.1pp
2018 · 102.0%
Net result
-€14,716▲ 74.9%
2024 · -€58,636
Working capital
-€142,984▼ 290%
2023 · -€36,648
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
Turnover
Operating result€22,744▼ 29.4%-€121,970-€21,898▲ 82.0%-€22,091▼ 0.9%€19,777
Net result€15,880▼ 22.6%-€146,072-€60,219▲ 58.8%-€58,636▲ 2.6%-€14,716▲ 74.9%
EBIT margin
Equity€267,462▲ 6.3%€121,390▼ 54.6%€61,171▼ 49.6%€2,534▼ 95.9%-€12,182
Total assets€281,207▲ 1.5%€1.2m▲ 333%€955,343▼ 21.6%€904,367▼ 5.3%€873,867▼ 3.4%
Debt€13,745▼ 46.1%€1.1m▲ 7,879%€894,173▼ 18.5%€901,832▲ 0.9%€886,048▼ 1.8%
Working capital€226,372▲ 7.5%€35,196▼ 84.5%-€36,648-€142,984
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: €22,744€22,744Net result 2021: €15,880€15,880Operating result 2022: -€121,970-€121,970Net result 2022: -€146,072-€146,072Operating result 2023: -€21,898-€21,898Net result 2023: -€60,219-€60,219Operating result 2024: -€22,091-€22,091Net result 2024: -€58,636-€58,636Operating result 2025: €19,777€19,777Net result 2025: -€14,716-€14,71620212022202320242025-€80,000-€60,000-€40,000-€20,000€0€20,000Operating result 2023: -€21,898-€21,900Net result 2023: -€60,219-€60,200Operating result 2024: -€22,091-€22,100Net result 2024: -€58,636-€58,600Operating result 2025: €19,777€19,800Net result 2025: -€14,716-€14,700202320242025
The operating result returns to profit in 2025: €19,777 after a loss of €22,091 in 2024.
Balance-sheet composition
Assets €873,867
Fixed assets €866,367
Current assets €7,500
Key figures and ratios
2025 value · change against 2024
EBITDA
€57,777▲
2024 · €15,909
Cash flow
€23,284▲
2024 · -€20,636
Solvency
-1.4%▼
2024 · 0.3%
Current ratio
0.05
Debt to equity
-72.74
ROA
-1.7%▲
2024 · -6.5%
Interest coverage
1.68▲
2024 · 0.44
Debt ≤ 1 year
€150,484▲
2024 · €112,486
Debt > 1 year
€735,565▼
2024 · €789,346
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,217 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.

  • Small
  • 10 to 20 years old
  • negative equity
  • a small loss
1.1% went bankrupt
2.6% stopped otherwise
96% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% 1.7%
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 75% 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 1,217 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 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€904,367€873,867▼
Fixed assets21/28€904,367€866,367▼
Tangible fixed assets22/27€904,367€866,367▼
Land and buildings22€904,367€866,367▼
Current assets29/58-€7,500
Deferred charges and accrued income490/1-€7,500
Equity and liabilities
Total equity and liabilities10/49€904,367€873,867▼
Equity10/15€2,534-€12,182▼
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€17,926-€32,642▼
Amounts payable17/49€901,832€886,048▼
Amounts payable after more than one year17€789,346€735,565▼
Financial debts170/4€789,346€735,565▼
Amounts payable within one year42/48€112,486€150,484▲
Current portion of amounts payable after more than one year42€51,686€53,781▲
Financial debts43€4,825-
Credit institutions430/8€4,825-
Other amounts payable47/48€55,975€96,702▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,000€38,000=
Other operating charges640/8€18,912€19,506▲
Gross operating margin9900€34,821€77,283▲
Operating profit (loss)9901-€22,091€19,777▲
Financial charges65/66B€36,545€34,493▼
Recurring financial charges65€36,545€34,493▼
Profit (loss) for the period before taxes9903-€58,636-€14,716▲
Profit (loss) for the period9904-€58,636-€14,716▲
Profit (loss) for the period to be appropriated9905-€58,636-€14,716▲
Appropriation of the result
Profit (loss) to be appropriated9906-€58,636-€32,642▲
Profit (loss) brought forward from the previous period14P--€17,926
Transfer from equity791/2€40,711-

The notes to these accounts (12 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-€129,473€38,000€38,000€38,000=
Other operating charges640/8€12,224€12,523€20,595€18,912€19,506▲ 3.1%
Gross operating margin9900€34,968€20,026€36,697€34,821€77,283▲ 122%
Operating profit (loss)9901€22,744-€121,970-€21,898-€22,091€19,777▲ 190%
Financial charges65/66B-€23,174€38,321€36,545€34,493▼ 5.6%
Recurring financial charges65-€23,174€38,321€36,545€34,493▼ 5.6%
Profit (loss) for the period before taxes9903€22,744-€145,144-€60,219-€58,636-€14,716▲ 74.9%
Income taxes67/77€6,864€928----
Profit (loss) for the period9904€15,880-€146,072-€60,219-€58,636-€14,716▲ 74.9%
Profit (loss) for the period to be appropriated9905€15,880-€146,072-€60,219-€58,636-€14,716▲ 74.9%
Line20212022202320242025Change
Assets
Total assets20/58€281,207€1.2m€955,343€904,367€873,867▼ 3.4%
Fixed assets21/28€41,090€980,367€942,367€904,367€866,367▼ 4.2%
Tangible fixed assets22/27€41,090€980,367€942,367€904,367€866,367▼ 4.2%
Land and buildings22€41,090€980,367€942,367€904,367€866,367▼ 4.2%
Current assets29/58€240,117€237,705€12,977-€7,500-
Amounts receivable within one year40/41€240,117€235,430€10,715---
Other amounts receivable41€240,117€235,430€10,715---
Cash at bank and in hand54/58-€2,275€2,261---
Deferred charges and accrued income490/1----€7,500-
Equity and liabilities
Total equity and liabilities10/49€281,207€1.2m€955,343€904,367€873,867▼ 3.4%
Equity10/15€267,462€121,390€61,171€2,534-€12,182▼ 581%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13€248,862€102,790€42,571€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860€1,860€1,860€1,860=
Distributable reserves133€247,002€100,930€40,711---
Profit (loss) carried forward14----€17,926-€32,642▼ 82.1%
Amounts payable17/49€13,745€1.1m€894,173€901,832€886,048▼ 1.8%
Amounts payable after more than one year17-€890,657€841,033€789,346€735,565▼ 6.8%
Financial debts170/4-€890,657€841,033€789,346€735,565▼ 6.8%
Amounts payable within one year42/48€13,745€202,509€49,625€112,486€150,484▲ 33.8%
Current portion of amounts payable after more than one year42-€47,740€49,625€51,686€53,781▲ 4.1%
Financial debts43---€4,825--
Credit institutions430/8---€4,825--
Taxes, remuneration and social security45€13,745-----
Taxes450/3€13,745-----
Other amounts payable47/48-€154,769-€55,975€96,702▲ 72.8%
Accrued charges and deferred income492/3-€3,515€3,515---
Line20212022202320242025Change
Profit (loss) for the period9904€15,880-€146,072-€60,219-€58,636-€14,716▲ 74.9%
+ Depreciation and write-downs630-€129,473€38,000€38,000€38,000=
Operating cash flow (approximation)€15,880-€16,599-€22,219-€20,636€23,284▲ 213%
Investment in fixed assets (approximation)--€1.1m€0€0€0-
Change in cash---€14---

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
10-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
28-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
12-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 12 days late
2023
11-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
31-12
Financial Weakest financial yearnet -€146,072
Net result drops to -€146,072, the lowest in the series; recovery starts the following year.
12-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
10-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
26-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial Equity above €200,000Eq €231,070 ▲26.5%
2 profitable years in a row build equity to €231,070.
02-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
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 4 acts read
About the unread acts

We know of 4 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
4 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, Soignies
exact location from the address register On OpenStreetMap
Ground area
2,020 m²
Building footprint
1,935 m²
Volume, LiDAR
10,503 m³
Parcel 55040A0439/00Z000, Wallonia · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55040A0439/00Z000 Wallonia 2,020 m² 1 · 1,935 m² 11.1 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

Part of the group HOLDING MONNIER-SIMEON 5 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. HOLDING MONNIER-SIMEON 100%
  2. IMMO ATH

Highest known parent: HOLDING MONNIER-SIMEON. 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-12-2014
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0505899342
Also 9925:BE0505899342
Registered 03-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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