IMMO BAKS
ActiveIMMO BAKS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60k and a net result of €-43k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 28% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-4
Solvency31▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.05 against 0.07 in 2024; short-term debt: 69.3% and cash: 1.4% of total assets), and 94% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-43k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-02-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
27 d early
2023
134 d early
2022
90 d early
2021
116 d early
2020
158 d early
2019
132 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€60k▼ 41.7%
2024 · €103k
2018: €150k
2019: €165k
2020: €171k
2021: €166k
2022: €144k
2023: €114k
2024: €103k
2018 → 2025
Total assets
€993k▲ 4.6%
2024 · €949k
2018: €1.52M
2019: €1.34M
2020: €1.24M
2021: €1.31M
2022: €1.15M
2023: €1.04M
2024: €949k
2018 → 2025
Net result
€-43k▼ 277%
2024 · €-11k
2018: €4k
2019: €15k
2020: €6k
2021: €-5k
2022: €-22k
2023: €-30k
2024: €-11k
2018 → 2025
Working capital
€-653k▲ 1.3%
2024 · €-661k
2018: €-350k
2019: €-487k
2020: €-508k
2021: €-539k
2022: €-569k
2023: €-666k
2024: €-661k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€144k▼ 13.0%€114k▼ 21.0%€103k▼ 10.0%€60k▼ 41.7%
Operating result€19k-€9k▼ 54.3%€2k▼ 79.3%€22k▲ 1,122%€-8k
Net result€-5k-€-22k▼ 304%€-30k▼ 39.8%€-11k▲ 62.4%€-43k▼ 277%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €993k
Fixed assets
€957k▲ 6.7%
Current assets
€36k▼ 31.8%
Equity and liabilities €993k
Equity
€60k▼ 41.7%
Debt
€933k▲ 10.2%
The debt ratio rises from 89.2% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€82k▼
2024 · €116k
Cash flow
€47k▼
2024 · €82k
Solvency
6.0%▼
2024 · 10.8%
Current ratio
0.05▼
2024 · 0.07
Quick ratio
0.05▼
2024 · 0.07
Debt / equity
15.62▲
2024 · 8.26
ROE
-71.6%▼
2024 · -11.1%
ROA
-4.3%▼
2024 · -1.2%
Interest coverage
6.26▼
2024 · 11.34
Debt
€933k▲
2024 · €847k
Debt ≤ 1 year
€688k▼
2024 · €714k
Debt > 1 year
€245k▲
2024 · €132k
Income taxes
€22k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€949k€993k▲
Fixed assets21/28€897k€957k▲
Tangible fixed assets22/27€897k€957k▲
Land and buildings22€896k€956k▲
Plant, machinery and equipment23€1k€731▼
Financial fixed assets28€8€8=
Current assets29/58€53k€36k▼
Amounts receivable within one year40/41€4k€4k▼
Trade receivables40€0€2k▲
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€22k€14k▼
Deferred charges and accrued income490/1€27k€18k▼
Equity and liabilities
Total equity and liabilities10/49€949k€993k▲
Equity10/15€103k€60k▼
Contributions10/11€19k€19k=
Reserves13€84k€41k▼
Tax-exempt reserves132€27k-
Distributable reserves133€57k€41k▼
Profit (loss) carried forward14€0-
Amounts payable17/49€847k€933k▲
Amounts payable after more than one year17€132k€245k▲
Financial debts170/4€22k€135k▲
Other amounts payable178/9€110k€110k=
Amounts payable within one year42/48€714k€688k▼
Current portion of amounts payable after more than one year42€79k€35k▼
Trade debts44€191k€173k▼
Suppliers440/4€191k€173k▼
Advances received on contracts in progress46€11k€20k▲
Taxes, remuneration and social security45€14k€0▼
Taxes450/3€14k€0▼
Other amounts payable47/48€419k€461k▲
Accrued charges and deferred income492/3€837€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€90k▼
Other operating charges640/8€13k€31k▲
Gross operating margin9900€128k€113k▼
Operating profit (loss)9901€22k€-8k▼
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Financial charges65/66B€10k€13k▲
Recurring financial charges65€10k€13k▲
Profit (loss) for the period before taxes9903€12k€-21k▼
Income taxes67/77€23k€22k▼
Profit (loss) for the period9904€-11k€-43k▼
Profit (loss) for the period to be appropriated9905€-11k€-43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€-43k▼
Profit (loss) brought forward from the previous period14P€67k€0▼
Transfer from equity791/2-€43k
Transfer to equity691/2€55k€0▼
To other reserves6921€55k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
30-09
Financial
Highest result since 2018net €15k ▲292%
Net result €15k, the highest in the series.
30-09
Financial
Equity above €150kEq €165k ▲9.9%
2 profitable years in a row build equity to €165k.
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Heusden-Zolder · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lochtemanweg 1123550 Heusden-ZolderGround area
6,145 m²
Building footprint
1,108 m²
Volume, LiDAR
5,417 m³
Parcel 71502C0666/00E000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO BAKS BVBA
since 20022.101.780.954
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502C0666/00E000 | Flanders | 6,145 m² | 1 · 1,108 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PERIMO
BE 0628.721.336
Charleroi · Eq €60k
SV Real Estate
BE 0767.716.891
Ottignies-Louvain-la-Neuve · Eq €60k
MANAGEMENT PLCL
BE 0753.614.279
Villers-la-Ville · Eq €60k
J&B HOMES
BE 0721.998.318
Sint-Truiden · Eq €60k
DMP IMMO
BE 0761.446.238
Brussel · Eq €60k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,406 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-10-2001
Fiscal year end30-09
Activities, NACEBEL
68110Buying and selling of own real estate
55203Holiday cottages, homes and apartments
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.