IMMO CATENBERG
ActiveSummary
IMMO CATENBERG has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€713,675) and a net result of -€93,011. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 5% of 5,766 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- -€713,675
- Loss
- -€93,011
- Parent
- JENI PROJECTEN · 100%
- JENI INVESTDirector · permanent representative Geert Van Stappen
- JVS Invest BVDirector · permanent representative Jens Van Stappen
- Nivasta Comm.V.Director · permanent representative Niels Van Stappen
Why 53raises riskCapped at 59: negative equityNegative equity -€713,6751 change of registered office in 24 monthslowers riskSize: total assets €2.5mFigures for financial year 2025 (filed 25-06-2026)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small): better than 1% on solvency, 24% on liquidity, 7% on profitability and 19% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, full format
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €181 in 2025 against €27,882 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 92.8% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,242 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,539 | - | €29,309 | €39,839 | ▲ 35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,457 | €18,411 | €17,558 | €19,934 | €28,499 | €62,299 | €106,728 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €33,636 | €1,287 | €65,837 | €34,151 | €33,422 | ▼ 2.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €6,087 | - |
| Gross operating margin9900 | €95,858 | €96,366 | €89,739 | €75,795 | €94,359 | €78,581 | €112,997 | €39,328 | ▼ 65.2% |
| Operating profit (loss)9901 | €64,151 | €66,698 | €39,792 | €22,225 | €64,573 | -€49,555 | -€27,882 | -€181 | ▲ 99.4% |
| Financial income75/76B | - | - | - | - | - | €98 | - | - | - |
| Recurring financial income75 | €119 | €0 | €0 | - | - | €98 | - | - | - |
| Financial charges65/66B | - | - | - | €31,741 | €35,626 | €60,367 | €97,981 | €92,830 | ▼ 5.3% |
| Recurring financial charges65 | €37,950 | €39,481 | €30,830 | €31,741 | €35,626 | €60,367 | €97,981 | €92,830 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €26,321 | €27,217 | €8,963 | -€9,516 | €28,947 | -€109,824 | -€125,863 | -€93,011 | ▲ 26.1% |
| Income taxes67/77 | €0 | €0 | €0 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €26,321 | €27,217 | €8,963 | -€9,516 | €28,947 | -€109,824 | -€125,863 | -€93,011 | ▲ 26.1% |
| Profit (loss) for the period to be appropriated9905 | €26,321 | €27,217 | €8,963 | -€9,516 | €28,947 | -€109,824 | -€125,863 | -€93,011 | ▲ 26.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.7m | €8.6m | €8.6m | €8.6m | €9.1m | €1.9m | €2.1m | €2.5m | ▲ 21.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €8.5m | €8.5m | €8.5m | €8.5m | €9.0m | €1.8m | €1.9m | €0.001m | ▼ 99.9% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €8.5m | €8.5m | €8.5m | €8.5m | €9.0m | €1.8m | €1.9m | €0 | ▼ 100% |
| Land and buildings22 | - | - | - | €8.5m | €9.0m | €1.8m | €1.9m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.001m | €0 | €0 | - | - | - | - | €0.001m | - |
| Current assets29/58 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €2.5m | ▲ 13× |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | €1.6m | - |
| Stocks30/36 | - | - | - | - | - | - | - | €1.6m | - |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.001m | €0.3m | ▲ 537× |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | - | €0.001m | - |
| Other amounts receivable41 | - | - | - | - | - | - | €0.001m | €0.3m | ▲ 535× |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.001m | €0.01m | €0.002m | €494 | €0.002m | €0.003m | €0.2m | €0.6m | ▲ 213% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.7m | €8.6m | €8.6m | €8.6m | €9.1m | €1.9m | €2.1m | €2.5m | ▲ 21.6% |
| Equity10/15 | €7.7m | €7.7m | €7.8m | €7.7m | €7.8m | -€0.5m | -€0.6m | -€0.7m | ▼ 15.0% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Revaluation surpluses12 | - | - | - | €8.2m | €8.2m | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€0.6m | -€0.6m | -€0.6m | -€0.6m | -€0.5m | -€0.7m | -€0.8m | -€0.9m | ▼ 11.9% |
| Amounts payable17/49 | €1.0m | €0.9m | €0.8m | €0.9m | €1.4m | €2.4m | €2.7m | €3.2m | ▲ 20.1% |
| Amounts payable after more than one year17 | €1.0m | €0.7m | €0.7m | €0.7m | €1.2m | €1.9m | - | - | - |
| Financial debts170/4 | - | - | - | €0.7m | €1.2m | €1.9m | - | - | - |
| Amounts payable within one year42/48 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | €0.5m | €2.6m | €2.6m | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.08m | - | - | - | - |
| Financial debts43 | - | - | - | - | - | - | €2.2m | €2.2m | = |
| Credit institutions430/8 | - | - | - | - | - | - | €2.2m | €2.2m | = |
| Trade debts44 | €0.001m | €0.003m | €0.008m | €0.006m | €0.09m | €0.4m | €0.002m | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €0.006m | €0.09m | €0.4m | €0.002m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.07m | - | - | - |
| Taxes450/3 | - | - | - | - | - | €0.07m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.04m | €0.06m | €0.4m | €0.3m | ▼ 18.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | - | €0.03m | €0.06m | €0.7m | ▲ 12× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.03m | €0.009m | -€0.01m | €0.03m | -€0.1m | -€0.1m | -€0.09m | ▲ 26.1% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.02m | €0.02m | €0.03m | €0.06m | €0.1m | €0 | ▼ 100% |
| Operating cash flow (approximation) | €0.05m | €0.05m | €0.03m | €0.01m | €0.06m | -€0.05m | -€0.02m | -€0.09m | ▼ 386% |
| Investment in fixed assets (approximation) | - | €0.001m | €0 | -€0.08m | -€0.5m | €7.2m | -€0.2m | €1.9m | - |
| Change in cash | - | €0.009m | -€0.008m | -€0.001m | €0.001m | €0.001m | €0.2m | €0.4m | ▲ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 25-06-2026 | 2026-00198019 |
| 31-12-2024 | full format | 18-09-2025 | 2025-00497922 |
| 31-12-2024 | abbreviated format | 22-07-2025 | 2025-00296768 |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00180334 |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00182072 |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20107411 |
| 31-12-2020 | abbreviated format | 05-08-2021 | 2021-46500535 |
| 31-12-2019 | abbreviated format | 11-12-2020 | 2020-75300049 |
| 31-12-2018 | abbreviated format | 02-10-2019 | 2019-67900513 |
| 31-12-2017 | abbreviated format | 11-07-2018 | 2018-32200549 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Permanent representatives 3
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| JENI INVEST |
|
| JVS Invest BV |
|
| Nivasta Comm.V. |
|
| RES Consult |
|
| Frederick JONCKHEERE |
|
| Pascal KERKSTOEL |
|
| Vincent KERKSTOEL |
|
Owners and capital
Owners
2 ownersChain of control
- Groep Kerkstoel nv
- JENI INVEST
- JENI PROJECTEN
- IMMO CATENBERG
Highest known parent: Groep Kerkstoel nv. The sources do not say who stands above it.
Owners 2
- JENI PROJECTENparent100%
- Groep Kerkstoel nvconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 05-01-2024 Capital stated in the deed · €156,701.46 · 8,800 shares
Group and network
Connections & network
21 connected companiesShow 17 more companies with a shared director
History
Acts, filings and financial milestones
15-07
Gazette deed
Resignation: RES Consult BV (director)Permanent representatives: Kristof Van den Brande, Jens Van Stappen and 2 others · Appointments: JVS Invest BV (director) and Nivasta Comm.V. (director)9 facts ▸
- General meeting, 30-06-2025
- Director resignation, RES Consult BV (director)
- Permanent representative, Kristof Van den Brande
- Director appointment, JVS Invest BV (director)
- Permanent representative, Jens Van Stappen
- Director appointment, Nivasta Comm.V. (director)
- Permanent representative, Niels Van Stappen
- Director in office, Jeni Invest NV (director)
- Permanent representative, Geert Van Stappen
29-11
Gazette deed
Resignations: Frederick JONCKHEERE, Pascal KERKSTOEL and Vincent KERKSTOELAppointments: JENI INVEST NV (director) and RES CONSULT BV (director) · Permanent representatives: Geert Van Stappen and Kristof Van den Brande · Director discharge13 facts ▸
- General meeting, 09-10-2024
- Director resignation, Frederick JONCKHEERE (bestuurder,gedelegeerd bestuurder)
- Director resignation, Pascal KERKSTOEL (bestuurder,gedelegeerd bestuurder)
- Director resignation, Vincent KERKSTOEL (bestuurder,gedelegeerd bestuurder)
- Director discharge, Frederick JONCKHEERE (bestuurder,gedelegeerd bestuurder)
- Director discharge, Pascal KERKSTOEL (bestuurder,gedelegeerd bestuurder)
- Director discharge, Vincent KERKSTOEL (bestuurder,gedelegeerd bestuurder)
- Director appointment, JENI INVEST NV (director)
- Director appointment, RES CONSULT BV (director)
- Permanent representative, Geert Van Stappen
- Permanent representative, Kristof Van den Brande
- Board meeting, 09-10-2024
- +1 further fact in this act
05-01
Gazette deed
Resignations: Pascal Kerkstoel, Vincent Kerkstoel and Frederick JonckheereAppointments: Pascal Kerkstoel, Vincent Kerkstoel and Frederick Jonckheere · Amendment of the articles · Capital20 facts ▸
- General meeting, 22-12-2023
- Amendment of the articles (3 times)
- Amendment of the articles, 32
- Capital, €156,701.46
- Director resignation, Pascal Kerkstoel (lid raad van bestuur)
- Director resignation, Vincent Kerkstoel (lid raad van bestuur)
- Director resignation, Frederick Jonckheere (lid raad van bestuur)
- Director discharge, Pascal Kerkstoel
- Director discharge, Vincent Kerkstoel
- Director discharge, Frederick Jonckheere
- Board rule, “systeem van raad van bestuur, éénparigheid van stemmen” (deed in Dutch)
- Director appointment, Pascal Kerkstoel (director)
- +8 further facts in this act
26-10
Gazette deed
Reappointment: Grant Thornton Bedrijfsrevisoren (statutory auditor)2 facts ▸
- General meeting, 26-06-2022
- Auditor reappointment, Grant Thornton Bedrijfsrevisoren (statutory auditor)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13452M0784/00H000 | Flanders | 5,390 m² | 1 · 430 m² | 22.2 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren en verhuren,promoten,het doen bouwen of verbouwen van…” (deed in Dutch)
3 activities (deed in Dutch)
- Het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren en verhuren,promoten,het doen bouwen of verbouwen van onroerende goederen,evenals alle welkdanige onroerende goederen,evenals alle welkdanige transacties en verrichtingen
- Het kopen en verkopen,beheren enzovoorts van alle roerende goederen en waarden,het beleggen en investeren van gelden en waarden
- Het huren en verhuren van alle roerende en onroerende goederen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IMMO CATENBERG
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij eenvoudig besluit bestuursorgaan in België of buitenland,zonder wijziging taalregime” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering die bestuurder(s) benoemt” (deed in Dutch)“Sluiting jaarvergadering, 6 jaren zolang artikel 7:85§2 WVV niet gewijzigd” (deed in Dutch)“Raad kiest voorzitter en eventueel ondervoorzitters,zoniet oudste in jaren aanwezige bestuurder” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 15:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed