Skip to content
Checked.be
Complete company report
Generated 18-08-2026
Active BE 0451.511.640Public limited company

Immo Braem

Handzaamse Nieuwstraat 7 ·8610 Kortemark, Belgium· 32 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of Immo Braem is 0.8% (low). The 2024 annual accounts show equity of €177k and a net result of €-18k. Equity is shrinking by ~6.8% per year across the filed fiscal years. The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €177k
Net result €-18k
Active 32 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health60Profitability0Solvency100Growth58Stability100
64 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 60
Profitability 0
Solvency 100
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.8% Low
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1993, 32 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
60 / 100 Healthy
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · verkort
€-60k€-40k€-20k€0Operating result 2020: €-29k€-29kNet result 2020: €-45k€-45kOperating result 2021: €-4k€-4kNet result 2021: €-5k€-5kOperating result 2022: €-15k€-15kNet result 2022: €-16k€-16kOperating result 2023: €-26k€-26kNet result 2023: €-26k€-26kOperating result 2024: €-17k€-17kNet result 2024: €-18k€-18k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~6.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€50k€100k€150k€200k€250k2025: €162k (€145k - €180k)2026: €146k (€118k - €174k)2027: €130k (€92k - €169k)2018: €259k2019: €270k2020: €241k2021: €236k2022: €220k2023: €194k2024: €177k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-11k
+43.8% 18-24
Net profit
€-18k
+32.1% 18-24
Cash flow
€-11k
+42.5% 18-24
Total assets
€177k
-10.7% 18-24
Equity
€177k
-9.1% 18-24
Working capital
€37k
-23.3% 18-24
Income taxes
€0
-100.0% 18-24
Dividends
€0
- 18-24
Show 10 other metrics
Debt
€583
-85.6% 18-24
Debt ≤ 1y
€583
-85.6% 18-24
Debt > 1y
€0
- 18-24
Current ratio
64.94
+400.7% 18-24
Quick ratio
64.94
+400.7% 18-24
Solvency
99.7%
+1.8% 18-24
Debt / equity
0.00
-84.2% 18-24
ROE
-10.0%
+25.3% 18-24
ROA
-10.0%
+24.0% 18-24
Interest coverage
-19.87
+47.1% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€-11k
Net profit€-18k
Cash flow€-11k
Staff costs-
Income taxes-
Dividends-
Total assets€177k
Equity€177k
Debt€583
of which ≤ 1y€583
of which > 1y-
Working capital€37k
Employees (FTE)-
Ratios (computed)
2024
Current ratio64.94
Quick ratio64.94
Working capital ratio21.0%
Solvency99.7%
Debt / equity0.00
Long-term debt ratio-
Interest coverage-19.87
Gross margin-
Net margin-
ROA-10.0%
ROE-10.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€177k
Fixed assets 21/28€139k
Tangible fixed assets 22/27€139k
Current assets 29/58€38k
Amounts receivable within one year 40/41€10k
Cash & bank 54/58€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€177k
Equity 10/15€177k
Contributions / capital 10/11€286k
Accumulated profits (losses) 14€-109k
Amounts payable 17/49€583
Amounts payable within one year 42/48€583
Trade debts payable within one year 44€583
Income statement
Gross operating margin 9900€-9k
Operating result 9901€-17k
Financial charges 65€542
Result before taxes 9903€-18k
Net result for the period 9904€-18k
Result to be appropriated 9905€-18k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • Karin Braem
    Director
    State Gazette act 23041913 (24-03-2023)
    Current
    28-02-2023 → present
Former directors (1)
  • Martina Braem
    Director
    State Gazette act 23041913 (24-03-2023)
    Former
    - → 13-11-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Public limited company(014)
Incorporation01-12-1993
StatusActive
Postal code8610
Establishment units 1 location
Handzaamse Nieuwstraat 7, 8610 Kortemark
borgstelling en waarborg
since 20012.064.834.446
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32005C0694/00C000 Flanders 3,718 m² 1 · 344 m² 14.8 m · 1 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
23-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
27-11-2023
State Gazette act Director changes
28-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
24-03-2023
State Gazette act Director changes
2022
30-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
03-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
11-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
30-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
09-08-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
01-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
22-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 2 years ago
2023
27-11-2023 Karin Braem reappointed as director Director changes
  • Karin Braem, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "mandate_confirmation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Karin Braem",
        "address": "9220 Hamme, Ronkaardhof 7",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "confirmation",
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
      "effective_date": "2023-06-30",
      "evidence_quote": "Uit de notulen van de gewone algemene vergadering, gehouden op 30/06/2023, blijkt dat de vergadering heeft beslist om het mandaat als bestuurder van mevrouw Karin Braem, wonende te 9220 Hamme, Ronkaardhof 7, met ingang van 30/06/2023, te bevestigen, en dit voor een hernieuwbare termijn, eindigend on",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2026"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Kortemark",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-11-16",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-06-30",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0451.511.640",
    "name_full": "IMMO BRAEM",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Johan Braem",
    "org_rep_person_name": null,
    "person_role_at_subject": "gedelegeerd bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
24-03-2023 1 director appointed, 1 resigning Director changes
  • Karin Braem, Bestuurder
  • Martina Braem, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Martina Braem",
        "address": "Kortemark (Handzame), Handzaamse Nieuwstraat 7",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "death",
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": false,
      "effective_date": "2022-11-13",
      "evidence_quote": "Mevrouw Martina Braem, voorheen wonende te Kortemark (Handzame), Handzaamse Nieuwstraat 7, is overleden op 13/11/2022. Ingevolge haar overlijden kwam er op 13/11/2022 een einde aan haar bestuursmandaat.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Karin Braem",
        "address": "9220 Hamme, Ronkaardhof 7",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": null,
      "statutory": "statutair",
      "compensated": false,
      "effective_date": "2023-02-28",
      "evidence_quote": "Mevrouw Karin Braem, wonende te 9220 Hamme, Ronkaardhof 7. Haar mandaat is onbezoldigd.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Kortemark (Handzame)",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-03-24",
    "filing_date": "2023-03-16",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "raad_van_bestuur",
      "date": "2023-02-28",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0451.511.640",
    "name_full": "Immo Braem",
    "legal_form": "NV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Johan Braem",
    "org_rep_person_name": null,
    "person_role_at_subject": "gedelegeerd bestuurder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameNL Immo Braem
Registered office
Handzaamse Nieuwstraat 7
8610 Kortemark, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative