IMMO BEL AIR
ActiveSummary
IMMO BEL AIR has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.24M) and a net result of €-238k. Equity is shrinking by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+26
Solvency6▲+6
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 116.3% and cash: 0.5% of total assets), and equity is negative.
Credit check 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 · 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 2025Solvency, return and age of the figures
Solvency
-18.5%
Return on assets
-2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-2.24M
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 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
14 d early
2022
5 d early
2021
9 d late
2020
15 d early
2019
22 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-238k▼ 69.9%
2024 · €-140k
2018: €-46k
2019: €-1.46M
2020: €-20k
2021: €163k
2022: €-725k
2023: €-188k
2024: €-140k
2018 → 2025
Working capital
€-14.01M▼ 484%
2024 · €-2.40M
2018: €-2.31M
2019: €-2.37M
2020: €-2.44M
2021: €-1.98M
2022: €-2.09M
2023: €-2.24M
2024: €-2.40M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-954k-€-1.68M▼ 76.0%€-1.87M▼ 11.2%€-2.01M▼ 7.5%€-2.24M▼ 11.9%
Operating result€229k-€-663k€-121k▲ 81.7%€-70k▲ 42.4%€96k
Net result€163k-€-725k€-188k▲ 74.1%€-140k▲ 25.5%€-238k▼ 69.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €96k after a loss of €70k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.11M
Fixed assets
€12.03M ▲ 2,598%
Current assets
€86k ▲ 271%
Key figures and ratios
EBITDA
€405k
Cash flow
€71k
Solvency
-18.5%▲
2024 · -427.7%
Current ratio
0.01▼
2024 · 0.01
Debt to equity
-6.40▼
2024 · -1.23
ROA
-2.0%▲
2024 · -29.8%
Interest coverage
1.21
Debt
€14.36M▲
2024 · €2.48M
Debt ≤ 1 year
€14.09M▲
2024 · €2.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€469k€12.11M▲
Fixed assets21/28€446k€12.03M▲
Tangible fixed assets22/27€446k€12.03M▲
Land and buildings22€446k€10.03M▲
Assets under construction and advance payments27-€2.00M
Current assets29/58€23k€86k▲
Amounts receivable within one year40/41€6k€26k▲
Trade receivables40-€26k
Other amounts receivable41€6k€15▼
Cash at bank and in hand54/58€207€60k▲
Deferred charges and accrued income490/1€17k-
Equity and liabilities
Total equity and liabilities10/49€469k€12.11M▲
Equity10/15€-2.01M€-2.24M▼
Contributions10/11€195k€195k=
Capital10€195k€195k=
Issued capital100€195k€195k=
Reserves13€160k€160k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Distributable reserves133€140k€140k=
Profit (loss) carried forward14€-2.36M€-2.60M▼
Amounts payable17/49€2.48M€14.36M▲
Amounts payable within one year42/48€2.42M€14.09M▲
Trade debts44€774€439▼
Suppliers440/4€774€439▼
Taxes, remuneration and social security45-€34k
Taxes450/3-€34k
Other amounts payable47/48€2.42M€14.06M▲
Accrued charges and deferred income492/3€55k€263k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€309k
Other operating charges640/8€1k€657▼
Gross operating margin9900€-69k€406k▲
Operating profit (loss)9901€-70k€96k▲
Financial income75/76B-€50
Recurring financial income75-€50
Financial charges65/66B€70k€334k▲
Recurring financial charges65€70k€334k▲
Profit (loss) for the period before taxes9903€-140k€-238k▼
Profit (loss) for the period9904€-140k€-238k▼
Profit (loss) for the period to be appropriated9905€-140k€-238k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2.36M€-2.60M▼
Profit (loss) brought forward from the previous period14P€-2.22M€-2.36M▼
The notes to these accounts (4 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
31-12
Financial
Back to profitnet €163k
Net result €163k after 3 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-1.46M
Net result drops to €-1.46M, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
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
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, Brasschaat · 1 establishment unit since 1992
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.
Essensteenweg 1132930 BrasschaatGround area
2.1 ha
Building footprint
345 m²
Parcel 11008B0002/00A008, Flanders. Linked by address, not a title deed.
1 establishment unit
IMMO BEL-AIR
since 19922.059.790.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008B0002/00A008 | Flanders | 2.1 ha | 1 · 345 m² | - |
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
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 589 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.