IMMO - BURCHT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 47 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 21% lower than in 2024 and the lowest since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,271 | €6,681 | €18,898 | €22,779 | €9,819 |
| Depreciation and write-downs of the year | €4,772 | €5,538 | €6,818 | €8,632 | €10,596 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,315 | €3,421 | €3,778 | €4,772 | €5,538 | €6,818 | €8,632 | €10,596 | ▲ 22.8% |
| Other operating charges640/8 | - | - | - | €3,594 | €3,672 | €4,910 | €4,436 | €4,218 | ▼ 4.9% |
| Gross operating margin9900 | €26,640 | €24,816 | €39,822 | €32,626 | €42,718 | €29,631 | €31,686 | €29,606 | ▼ 6.6% |
| Operating profit (loss)9901 | €19,966 | €18,038 | €32,474 | €24,260 | €33,507 | €17,903 | €18,619 | €14,792 | ▼ 20.6% |
| Financial income75/76B | - | - | - | €3,618 | €4,748 | €3,236 | €3,191 | €3,518 | ▲ 10.3% |
| Recurring financial income75 | €5,377 | €5 | €4,551 | €3,618 | €4,748 | €3,236 | €3,191 | €3,518 | ▲ 10.3% |
| Financial charges65/66B | - | - | - | -€10,800 | €69,467 | -€14,875 | €2,927 | -€5,698 | - |
| Recurring financial charges65 | €17,916 | €393 | €36,037 | -€10,800 | €69,467 | -€14,875 | €2,927 | -€5,698 | - |
| Profit (loss) for the period before taxes9903 | €7,427 | €17,650 | €989 | €38,677 | -€31,212 | €36,014 | €18,883 | €24,008 | ▲ 27.1% |
| Income taxes67/77 | €13,411 | €4,895 | €1,378 | €9,709 | - | €1,201 | €4,721 | €6,002 | ▲ 27.1% |
| Profit (loss) for the period9904 | -€5,984 | €12,755 | -€389 | €28,968 | -€31,212 | €34,813 | €14,162 | €18,006 | ▲ 27.1% |
| Profit (loss) for the period to be appropriated9905 | -€5,984 | €12,755 | -€389 | €28,968 | -€31,212 | €34,813 | €14,162 | €18,006 | ▲ 27.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €388,369 | €278,611 | €278,040 | €310,168 | €275,052 | €309,263 | €325,224 | €341,504 | ▲ 5.0% |
| Fixed assets21/28 | €42,828 | €47,571 | €59,295 | €78,794 | €79,937 | €92,016 | €106,164 | €105,387 | ▼ 0.7% |
| Tangible fixed assets22/27 | €42,828 | €47,571 | €59,295 | €78,794 | €79,937 | €92,016 | €106,164 | €105,387 | ▼ 0.7% |
| Land and buildings22 | - | - | - | €55,788 | €54,170 | €65,006 | €83,718 | €87,505 | ▲ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €23,006 | €25,767 | €27,010 | €22,446 | €17,882 | ▼ 20.3% |
| Current assets29/58 | €345,541 | €231,040 | €218,745 | €231,373 | €195,115 | €217,246 | €219,060 | €236,117 | ▲ 7.8% |
| Amounts receivable within one year40/41 | - | €105 | €7,082 | - | €13,424 | €9,770 | €16,007 | €11,290 | ▼ 29.5% |
| Other amounts receivable41 | - | - | - | - | €13,424 | €9,770 | €16,007 | €11,290 | ▼ 29.5% |
| Current investments50/53 | €335,000 | €223,005 | €191,631 | €202,742 | €133,461 | €118,740 | €115,980 | €121,820 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €10,541 | €7,930 | €20,032 | €28,632 | €48,230 | €88,736 | €87,074 | €103,008 | ▲ 18.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €388,369 | €278,611 | €278,040 | €310,168 | €275,052 | €309,263 | €325,224 | €341,504 | ▲ 5.0% |
| Equity10/15 | €261,835 | €274,590 | €274,201 | €303,169 | €271,957 | €306,771 | €320,933 | €338,939 | ▲ 5.6% |
| Contributions10/11 | €100,000 | €100,000 | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €167,700 | €167,700 | €167,700 | €196,650 | €171,650 | €206,650 | €220,900 | €238,900 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | - | - | €10,000 | €10,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €10,000 | €10,000 | - | - | - | - |
| Distributable reserves133 | - | - | - | €186,650 | €161,650 | €206,650 | €220,900 | €238,900 | ▲ 8.1% |
| Profit (loss) carried forward14 | -€5,865 | €6,890 | €6,501 | €6,519 | €307 | €121 | €33 | €39 | ▲ 18.6% |
| Amounts payable17/49 | €126,535 | €4,021 | €3,840 | €6,999 | €3,095 | €2,492 | €4,291 | €2,565 | ▼ 40.2% |
| Amounts payable within one year42/48 | €126,535 | €4,021 | €3,840 | €6,999 | €3,095 | €2,492 | €4,291 | €2,565 | ▼ 40.2% |
| Trade debts44 | - | €182 | - | - | - | €26 | €91 | €615 | ▲ 573% |
| Suppliers440/4 | - | - | - | - | - | €26 | €91 | €615 | ▲ 573% |
| Advances received on contracts in progress46 | - | - | - | €5,790 | €1,950 | €1,950 | - | €1,950 | - |
| Taxes, remuneration and social security45 | - | - | - | €629 | €629 | - | - | - | - |
| Taxes450/3 | - | - | - | €629 | €629 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €580 | €516 | €516 | €4,200 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,984 | €12,755 | -€389 | €28,968 | -€31,212 | €34,813 | €14,162 | €18,006 | ▲ 27.1% |
| + Depreciation and write-downs630 | €3,315 | €3,421 | €3,778 | €4,772 | €5,538 | €6,818 | €8,632 | €10,596 | ▲ 22.8% |
| Operating cash flow (approximation) | -€2,669 | €16,176 | €3,389 | €33,741 | -€25,674 | €41,632 | €22,794 | €28,602 | ▲ 25.5% |
| Investment in fixed assets (approximation) | - | -€8,164 | -€15,503 | -€24,271 | -€6,681 | -€18,898 | -€22,779 | -€9,819 | ▲ 56.9% |
| Change in cash | - | -€2,611 | €12,102 | €8,600 | €19,598 | €40,506 | -€1,662 | €15,934 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as IMMO - BURCHT has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO - BURCHT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for IMMO - BURCHT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00173468 | |
| 31-12-2024 | micro format | 05-06-2025 | 2025-00124028 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00232074 | |
| 31-12-2022 | micro format | 16-08-2023 | 2023-00332815 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20090641 | |
| 31-12-2020 | micro format | 08-08-2021 | 2021-46900425 | |
| 31-12-2019 | micro format | 25-08-2020 | 2020-45200100 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56900548 | |
| 31-12-2017 | micro format | 14-09-2018 | 2018-63000310 | |
| 31-12-2016 | abbreviated format | 01-06-2017 | 2017-14400129 |