Immo Bourla
ActiveSummary
Immo Bourla has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €266,502 and a net result of -€15,778. Equity is growing by ~18% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+17
Solvency55▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.06 in 2024; short-term debt: 44.5% and cash: 0% of total assets), and 70.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 -€15,778
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
28 d late
2023
92 d late
2022
32 d late
2021
58 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 47 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€266,502▼ 5.6%
2024 · €282,280
Total assets
€898,575▼ 38.7%
2024 · €1.5m
Net result
-€15,778▲ 48.9%
2024 · -€30,879
Working capital
-€346,701▲ 59.4%
2024 · -€853,452
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
Operating result€29,020▲ 166%€28,076▼ 3.3%-€34,180-€29,064▲ 15.0%-€10,888▲ 62.5%
Net result€17,097▲ 551%€15,630▼ 8.6%€181,614▲ 1,062%-€30,879-€15,778▲ 48.9%
Equity€115,914▲ 17.3%€131,544▲ 13.5%€313,159▲ 138%€282,280▼ 9.9%€266,502▼ 5.6%
Total assets€1.4m▼ 1.1%€1.4m▼ 1.0%€1.6m▲ 10.3%€1.5m▼ 6.4%€898,575▼ 38.7%
Debt€1.3m▼ 2.4%€1.3m▼ 2.3%€1.2m▼ 8.1%€1.1m▼ 5.6%€566,947▼ 49.3%
Working capital-€1.1m▲ 0.3%-€1.1m▼ 0.2%-€730,999▲ 30.5%-€853,452▼ 16.8%-€346,701▲ 59.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,888 in 2025 against €29,064 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €898,575
Fixed assets
€845,303 ▼ 40.0%
Current assets
€53,272 ▼ 8.9%
Equity and liabilities €898,575
Equity
€266,502 ▼ 5.6%
Provisions
€65,126 ▼ 2.1%
Debt
€566,947 ▼ 49.3%
Debt's share of the balance-sheet total falls from 76.2% to 63.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,120▲
2024 · -€1,102
Cash flow
€7,229▲
2024 · -€2,917
Current ratio
0.13▲
2024 · 0.06
Debt to equity
2.13▼
2024 · 3.96
ROE
-5.9%▲
2024 · -10.9%
ROA
-1.8%▲
2024 · -2.1%
Interest coverage
1.92▲
2024 · -0.17
Debt ≤ 1 year
€399,973▼
2024 · €911,937
Debt > 1 year
€165,753▼
2024 · €203,254
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 2,501 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,701 | €17,701 | €13,263 | €27,962 | €23,007 | ▼ 17.7% |
| Other operating charges640/8 | €5,016 | €5,428 | €5,178 | €5,197 | €5,424 | ▲ 4.4% |
| Gross operating margin9900 | €51,737 | €51,205 | -€15,740 | €4,095 | €17,544 | ▲ 328% |
| Operating profit (loss)9901 | €29,020 | €28,076 | -€34,180 | -€29,064 | -€10,888 | ▲ 62.5% |
| Financial income75/76B | - | - | €291,430 | €3,421 | - | - |
| Recurring financial income75 | - | - | €291,430 | €3,421 | - | - |
| Non-recurring financial income76B | - | - | €291,430 | - | - | - |
| Financial charges65/66B | €10,429 | €6,732 | €6,846 | €6,468 | €6,296 | ▼ 2.7% |
| Recurring financial charges65 | €10,429 | €6,732 | €6,846 | €6,468 | €6,296 | ▼ 2.7% |
| Profit (loss) for the period before taxes9903 | €18,592 | €21,344 | €250,403 | -€32,110 | -€17,184 | ▲ 46.5% |
| Transfer from deferred taxes780 | - | - | - | €2,258 | €1,406 | ▼ 37.7% |
| Transfer to deferred taxes680 | - | - | €68,789 | - | - | - |
| Income taxes67/77 | €1,495 | €5,714 | - | €1,026 | - | - |
| Profit (loss) for the period9904 | €17,097 | €15,630 | €181,614 | -€30,879 | -€15,778 | ▲ 48.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,773 | €4,217 | ▼ 37.7% |
| Transfer to tax-exempt reserves689 | - | - | €206,367 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,097 | €15,630 | -€24,753 | -€24,106 | -€11,561 | ▲ 52.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €1.6m | €1.5m | €898,575 | ▼ 38.7% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.3m | €1.4m | €845,303 | ▼ 40.0% |
| Intangible fixed assets21 | - | - | - | - | €352,975 | - |
| Tangible fixed assets22/27 | €531,425 | €513,724 | €391,217 | €507,735 | €492,228 | ▼ 3.1% |
| Land and buildings22 | €531,425 | €513,724 | €391,217 | €507,735 | €484,728 | ▼ 4.5% |
| Other tangible fixed assets26 | - | - | - | - | €7,500 | - |
| Financial fixed assets28 | €900,100 | €900,100 | €900,100 | €900,100 | €100 | ▼ 100.0% |
| Current assets29/58 | €2,816 | €5,741 | €274,826 | €58,485 | €53,272 | ▼ 8.9% |
| Amounts receivable within one year40/41 | - | - | - | - | €52,838 | - |
| Trade receivables40 | - | - | - | - | €33,750 | - |
| Other amounts receivable41 | - | - | - | - | €19,088 | - |
| Current investments50/53 | - | - | €100,000 | - | - | - |
| Cash at bank and in hand54/58 | €2,636 | €4,576 | €174,826 | €58,485 | €434 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | €180 | €1,165 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.6m | €1.5m | €898,575 | ▼ 38.7% |
| Equity10/15 | €115,914 | €131,544 | €313,159 | €282,280 | €266,502 | ▼ 5.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €208,227 | €201,454 | €197,237 | ▼ 2.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | - | - | €206,367 | €199,594 | €195,377 | ▼ 2.1% |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €107,854 | €123,484 | €98,731 | €74,626 | €63,064 | ▼ 15.5% |
| Provisions and deferred taxes16 | - | - | €68,789 | €66,531 | €65,126 | ▼ 2.1% |
| Deferred taxes168 | - | - | €68,789 | €66,531 | €65,126 | ▼ 2.1% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.2m | €1.1m | €566,947 | ▼ 49.3% |
| Amounts payable after more than one year17 | €262,054 | €227,952 | €178,371 | €203,254 | €165,753 | ▼ 18.5% |
| Financial debts170/4 | €262,054 | €227,952 | €178,371 | €203,254 | €165,753 | ▼ 18.5% |
| Amounts payable within one year42/48 | €1.1m | €1.1m | €1.0m | €911,937 | €399,973 | ▼ 56.1% |
| Current portion of amounts payable after more than one year42 | €34,785 | €36,011 | €31,821 | €19,035 | €28,063 | ▲ 47.4% |
| Financial debts43 | €5,300 | - | - | - | €1,751 | - |
| Credit institutions430/8 | €5,300 | - | - | - | €1,751 | - |
| Trade debts44 | €1,357 | €3,781 | €3,636 | €739 | €1,031 | ▲ 39.5% |
| Suppliers440/4 | €1,357 | €3,781 | €3,636 | €739 | €1,031 | ▲ 39.5% |
| Taxes, remuneration and social security45 | €1,495 | €7,209 | €5,714 | - | - | - |
| Taxes450/3 | €1,495 | €7,209 | - | - | - | - |
| Remuneration and social security454/9 | - | - | €5,714 | - | - | - |
| Other amounts payable47/48 | €1.0m | €1.0m | €964,653 | €892,162 | €369,128 | ▼ 58.6% |
| Accrued charges and deferred income492/3 | €2,783 | €1,915 | - | €2,318 | €1,221 | ▼ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,097 | €15,630 | €181,614 | -€30,879 | -€15,778 | ▲ 48.9% |
| + Depreciation and write-downs630 | €17,701 | €17,701 | €13,263 | €27,962 | €23,007 | ▼ 17.7% |
| Operating cash flow (approximation) | €34,798 | €33,331 | €194,877 | -€2,917 | €7,229 | ▲ 348% |
| Investment in fixed assets (approximation) | - | €0 | €109,244 | -€144,480 | €539,525 | ▲ 473% |
| Change in cash | - | €1,940 | €170,250 | -€116,341 | -€58,051 | ▲ 50.1% |
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
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet -€30,879
Net result drops to -€30,879, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Highest result since 2018net €181,614 ▲1,062%
Net result €181,614, the highest in the series.
31-12
Financial
Equity above €200,000Eq €313,159 ▲138%
5 profitable years in a row build equity to €313,159.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Equity above €100,000Eq €115,914 ▲17.3%
3 profitable years in a row build equity to €115,914.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 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 €9,750
Net result €9,750 after one loss-making year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 9 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
9 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, Antwerpen · 1 establishment unit since 2006
Ground area
170 m²
Building footprint
110 m²
Volume, LiDAR
2,633 m³
Parcel 11810K2754/00K004, Flanders · tallest building 28.2 m, ±8 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Immo Bourla
since 20062.362.280.392
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2754/00K004 | Flanders | 170 m² | 1 · 110 m² | 28.2 m · 8 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
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of Immo Bourla and those 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
Founded13-04-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880718032
Registered
19-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.