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IMMO C.B.

Active
Public limited companyfounded 199333 yrs activeBissegemsestraat(Heu) 65, 8501 Kortrijk, BelgiumKBO/BCE: BE 0449.296.773
Summary

IMMO C.B. has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290,479 and a net result of €18,446. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 4616 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability59▼-1
Solvency43▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.15 in 2024; short-term debt: 12.8% and cash: 1.8% of total assets), and 81.9% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
18.1%
Return on assets
1.2%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 d early
2024
60 d late
2023
21 d late
2022
10 d early
2021
10 d early
2020
121 d early
2019
125 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO C.B. was incorporated on 26 January 1993.1 Total assets rose from EUR 1.3 million in 2018 to EUR 1.6 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Source amounts without an identifiable currency are assumed to be EUR.

Turnover
€0
EBIT margin
Not included in this filing
Net result
€18,446▲ 17.8%
2024 · €15,662
Working capital
-€158,322▲ 7.8%
2024 · -€171,781
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover
Operating result€52,839▼ 62.6%€68,832▲ 30.3%€75,463▲ 9.6%€62,399▼ 17.3%€69,377▲ 11.2%
Net result€12,248within the sector's middle half▼ 84.8%€20,858within the sector's middle half▲ 70.3%€23,470within the sector's middle half▲ 12.5%€15,662within the sector's middle half▼ 33.3%€18,446within the sector's middle half▲ 17.8%
Equity€212,043within the sector's middle half▲ 6.1%€232,901within the sector's middle half▲ 9.8%€256,372within the sector's middle half▲ 10.1%€272,033within the sector's middle half▲ 6.1%€290,479within the sector's middle half▲ 6.8%
Total assets€1.7mwithin the sector's middle half▲ 36.1%€1.7mwithin the sector's middle half▼ 1.1%€1.5mwithin the sector's middle half▼ 8.4%€1.7mwithin the sector's middle half▲ 12.7%€1.6mwithin the sector's middle half▼ 6.9%
Debt€1.5m▲ 42.8%€1.4m▼ 2.6%€1.3m▼ 11.5%€1.4m▲ 14.3%€1.3m▼ 9.5%
Working capital-€177,872below the sector's middle half▲ 6.0%-€186,889below the sector's middle half▼ 5.1%-€180,304below the sector's middle half▲ 3.5%-€171,781below the sector's middle half▲ 4.7%-€158,322within the sector's middle half▲ 7.8%
Solvency12.6%within the sector's middle half▼ 3.6pp14.0%within the sector's middle half▲ 1.4pp16.8%within the sector's middle half▲ 2.8pp15.8%within the sector's middle half▼ 1.0pp18.1%within the sector's middle half▲ 2.3pp
Current ratio0.10below the sector's middle half▲ 0.050.15below the sector's middle half▲ 0.050.09below the sector's middle half▼ 0.060.15below the sector's middle half▲ 0.060.23below the sector's middle half▲ 0.08
Return on assets (ROA)0.7%within the sector's middle half▼ 5.8pp1.2%within the sector's middle half▲ 0.5pp1.5%within the sector's middle half▲ 0.3pp0.9%within the sector's middle half▼ 0.6pp1.2%within the sector's middle half▲ 0.2pp
Staff (FTE)
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000€80,000Operating result 2021: €52,839€52,839Net result 2021: €12,248€12,248Operating result 2022: €68,832€68,832Net result 2022: €20,858€20,858Operating result 2023: €75,463€75,463Net result 2023: €23,470€23,470Operating result 2024: €62,399€62,399Net result 2024: €15,662€15,662Operating result 2025: €69,377€69,377Net result 2025: €18,446€18,44620212022202320242025€0€20,000€40,000€60,000€80,000Operating result 2023: €75,463€75,500Net result 2023: €23,470€23,500Operating result 2024: €62,399€62,400Net result 2024: €15,662€15,700Operating result 2025: €69,377€69,400Net result 2025: €18,446€18,400202320242025
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets €1.6m ▼ 8.1%
Current assets €46,449 ▲ 58.9%
Equity and liabilities €1.6m
Equity €290,479 ▲ 6.8%
Provisions €16,474 ▼ 6.1%
Debt €1.3m ▼ 9.5%
Debt's share of the balance-sheet total falls from 83.2% to 80.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€206,044▲
2024 · €199,066
Cash flow
€155,113▲
2024 · €152,329
Debt to equity
4.46▼
2024 · 5.27
ROE
6.4%▲
2024 · 5.8%
Interest coverage
4.60▼
2024 · 4.79
Debt ≤ 1 year
€204,771▲
2024 · €201,005
Debt > 1 year
€1.0m▼
2024 · €1.2m
Income taxes
€7,216▲
2024 · €6,290
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.0% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

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 4,681 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.7m€1.6m▼
Fixed assets21/28€1.7m€1.6m▼
Tangible fixed assets22/27€1.7m€1.6m▼
Land and buildings22€1.7m€1.6m▼
Current assets29/58€29,224€46,449▲
Amounts receivable within one year40/41€9,247€17,124▲
Other amounts receivable41€9,247€17,124▲
Cash at bank and in hand54/58€19,152€29,324▲
Deferred charges and accrued income490/1€825€0▼
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.6m▼
Equity10/15€272,033€290,479▲
Contributions10/11€252,851€252,851=
Capital10€252,851€252,851=
Issued capital100€252,851€252,851=
Reserves13€53,267€50,067▼
Non-distributable reserves130/1€643€643=
Legal reserve130€643€643=
Tax-exempt reserves132€52,624€49,423▼
Profit (loss) carried forward14-€34,086-€12,439▲
Provisions and deferred taxes16€17,541€16,474▼
Deferred taxes168€17,541€16,474▼
Amounts payable17/49€1.4m€1.3m▼
Amounts payable after more than one year17€1.2m€1.0m▼
Financial debts170/4€1.2m€1.0m▼
Amounts payable within one year42/48€201,005€204,771▲
Current portion of amounts payable after more than one year42€75,000€75,000=
Trade debts44€75€128▲
Suppliers440/4€75€128▲
Taxes, remuneration and social security45-€283
Taxes450/3-€283
Other amounts payable47/48€125,930€129,360▲
Accrued charges and deferred income492/3€33,561€41,936▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136,667€136,667=
Other operating charges640/8€32,339€33,975▲
Gross operating margin9900€231,405€240,019▲
Operating profit (loss)9901€62,399€69,377▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€41,517€44,783▲
Recurring financial charges65€41,517€44,783▲
Profit (loss) for the period before taxes9903€20,882€24,595▲
Transfer from deferred taxes780€1,070€1,067▼
Income taxes67/77€6,290€7,216▲
Profit (loss) for the period9904€15,662€18,446▲
Transfer from tax-exempt reserves789€3,210€3,201▼
Profit (loss) for the period to be appropriated9905€18,871€21,647▲
Appropriation of the result
Profit (loss) to be appropriated9906-€34,086-€12,439▲
Profit (loss) brought forward from the previous period14P-€52,957-€34,086▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€105,269€123,531€124,569€136,667€136,667=
Other operating charges640/8€22,464€23,220€25,402€32,339€33,975▲ 5.1%
Gross operating margin9900€180,571€215,582€225,435€231,405€240,019▲ 3.7%
Operating profit (loss)9901€52,839€68,832€75,463€62,399€69,377▲ 11.2%
Financial income75/76B----€0-
Recurring financial income75----€0-
Financial charges65/66B€41,185€45,713€44,169€41,517€44,783▲ 7.9%
Recurring financial charges65€41,185€45,713€44,169€41,517€44,783▲ 7.9%
Profit (loss) for the period before taxes9903€11,654€23,119€31,294€20,882€24,595▲ 17.8%
Transfer from deferred taxes780€593€1,067€1,067€1,070€1,067▼ 0.3%
Income taxes67/77-€3,327€8,890€6,290€7,216▲ 14.7%
Profit (loss) for the period9904€12,248€20,858€23,470€15,662€18,446▲ 17.8%
Transfer from tax-exempt reserves789€1,780€3,201€3,201€3,210€3,201▼ 0.3%
Profit (loss) for the period to be appropriated9905€14,028€24,059€26,671€18,871€21,647▲ 14.7%
Line20212022202320242025Change
Assets
Total assets20/58€1.7m€1.7m€1.5m€1.7m€1.6m▼ 6.9%
Fixed assets21/28€1.7m€1.6m€1.5m€1.7m€1.6m▼ 8.1%
Tangible fixed assets22/27€1.7m€1.6m€1.5m€1.7m€1.6m▼ 8.1%
Land and buildings22€1.7m€1.6m€1.5m€1.7m€1.6m▼ 8.1%
Current assets29/58€19,739€32,851€17,311€29,224€46,449▲ 58.9%
Amounts receivable within one year40/41€558€8,333€2,970€9,247€17,124▲ 85.2%
Other amounts receivable41€558€8,333€2,970€9,247€17,124▲ 85.2%
Cash at bank and in hand54/58€19,181€2,278€14,341€19,152€29,324▲ 53.1%
Deferred charges and accrued income490/1-€22,240-€825€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€1.7m€1.7m€1.5m€1.7m€1.6m▼ 6.9%
Equity10/15€212,043€232,901€256,372€272,033€290,479▲ 6.8%
Contributions10/11€252,851€252,851€252,851€252,851€252,851=
Capital10€252,851€252,851€252,851€252,851€252,851=
Issued capital100€252,851€252,851€252,851€252,851€252,851=
Reserves13€62,878€59,678€56,477€53,267€50,067▼ 6.0%
Non-distributable reserves130/1€643€643€643€643€643=
Legal reserve130€643€643€643€643€643=
Tax-exempt reserves132€62,235€59,034€55,834€52,624€49,423▼ 6.1%
Profit (loss) carried forward14-€103,687-€79,628-€52,957-€34,086-€12,439▲ 63.5%
Provisions and deferred taxes16€20,745€19,678€18,611€17,541€16,474▼ 6.1%
Deferred taxes168€20,745€19,678€18,611€17,541€16,474▼ 6.1%
Amounts payable17/49€1.5m€1.4m€1.3m€1.4m€1.3m▼ 9.5%
Amounts payable after more than one year17€1.2m€1.2m€1.0m€1.2m€1.0m▼ 12.4%
Financial debts170/4€1.2m€1.2m€1.0m€1.2m€1.0m▼ 12.4%
Amounts payable within one year42/48€197,611€219,740€197,615€201,005€204,771▲ 1.9%
Current portion of amounts payable after more than one year42€75,000€75,000€75,000€75,000€75,000=
Trade debts44€111€22,240€115€75€128▲ 71.0%
Suppliers440/4€111€22,240€115€75€128▲ 71.0%
Taxes, remuneration and social security45----€283-
Taxes450/3----€283-
Other amounts payable47/48€122,500€122,500€122,500€125,930€129,360▲ 2.7%
Accrued charges and deferred income492/3€20,454€29,981€31,327€33,561€41,936▲ 25.0%
Line20212022202320242025Change
Profit (loss) for the period9904€12,248€20,858€23,470€15,662€18,446▲ 17.8%
+ Depreciation and write-downs630€105,269€123,531€124,569€136,667€136,667=
Operating cash flow (approximation)€117,516€144,389€148,040€152,329€155,113▲ 1.8%
Investment in fixed assets (approximation)--€92,353€0-€318,351€0▲ 100%
Change in cash--€16,903€12,063€4,811€10,172▲ 111%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
29-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
20-08
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
20-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial Weakest financial yearnet €12,248 ▼84.8%
Net result drops to €12,248, the lowest in the series; recovery starts the following year.
30-12
Financial Equity above €200,000Eq €212,043 ▲6.1%
4 profitable years in a row build equity to €212,043.
31-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-12
Financial Highest result since 2018net €80,840 ▲113%
Operating result €141,458, net result €80,840, both a record.
30-12
Financial Equity above €150,000Eq €199,796 ▲68%
3 profitable years in a row build equity to €199,796.
27-03
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-12
Financial Equity above €100,000Eq €118,956 ▲46.8%
2 profitable years in a row build equity to €118,956.
Show earlier events
22-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
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.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1993
seat establishment approximate The establishment unit on the map
Ground area
8,909 m²
Building footprint
152 m²
Volume, LiDAR
640 m³
2 parcels, Flanders · tallest building 9.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IMMO C.B.
Kleine Bissegemstraat(Bis) 65, 8501 KortrijkNACE 4521302
since 19932.061.880.401
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34016C0634/00H005 Flanders 8,777 m² 1 · 12 m² 2.5 m · 1 fl.
34007A0079/00V007indicative Flanders 132 m² 1 · 140 m² 9.0 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 2 parcels 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 owner

Chain of control

  1. De Clerck Wijnen 99.9%
  2. IMMO C.B.

Highest known parent: De Clerck Wijnen. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of IMMO C.B. 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.

Similar companies · same sector, comparable size

Of 9,141 companies in this sector we hold annual accounts for 6,773. 4,943 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPublic limited company
Founded26-01-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0449296773
Also 9925:BE0449296773
Registered 05-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.