IMMO CLEAN PRO
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 29-05-2026 PDF all 4 filings
Turnover
≈ €1.9m
Estimated: probably between €1.3m and €2.9m
EBIT margin
Not included in this filing
Net result
€17,057
2024 · -€60,614
Working capital
-€125,560▲ 13.2%
2024 · -€144,651
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€57,384
2025
20222025
Net result
€17,057
2025
middle half of the sector
20222025
Equity
-€119,173
▲ 12.5%
2025
lowest quarter of the sector
20222025
Total assets
€256,102
▲ 8.5%
2025
lowest quarter of the sector
20222025
Debt
€375,275
▲ 0.8%
2025
20222025
Working capital
-€125,560
▲ 13.2%
2025
lowest quarter of the sector
20222025
Solvency
-46.5%
▲ 11.2pp
2025
lowest quarter of the sector
20222025
Current ratio
0.65
▲ 0.08
2025
lowest quarter of the sector
20222025
Return on assets (ROA)
6.7%
▲ 32.3pp
2025
middle half of the sector
20222025
Staff (FTE)
17.1
▲ 19.6%
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result-€75,498-€13,782-€38,227€57,384
Net result-€78,056below the sector's middle half--€542below the sector's middle half▲ 99.3%-€60,614below the sector's middle half▼ 11,079%€17,057within the sector's middle half
Equity-€75,074below the sector's middle half--€75,616below the sector's middle half▼ 0.7%-€136,230below the sector's middle half▼ 80.2%-€119,173below the sector's middle half▲ 12.5%
Total assets€144,194below the sector's middle half-€251,052within the sector's middle half▲ 74.1%€236,008below the sector's middle half▼ 6.0%€256,102below the sector's middle half▲ 8.5%
Debt€219,268-€326,668▲ 49.0%€372,238▲ 13.9%€375,275▲ 0.8%
Working capital-€119,938below the sector's middle half--€82,895below the sector's middle half▲ 30.9%-€144,651below the sector's middle half▼ 74.5%-€125,560below the sector's middle half▲ 13.2%
Solvency-52.1%below the sector's middle half--30.1%below the sector's middle half▲ 21.9pp-57.7%below the sector's middle half▼ 27.6pp-46.5%below the sector's middle half▲ 11.2pp
Current ratio0.39below the sector's middle half-0.69below the sector's middle half▲ 0.300.57below the sector's middle half▼ 0.120.65below the sector's middle half▲ 0.08
Return on assets (ROA)-54.1%below the sector's middle half--0.2%below the sector's middle half▲ 53.9pp-25.7%below the sector's middle half▼ 25.5pp6.7%within the sector's middle half▲ 32.3pp
Staff (FTE)5.6within the sector's middle half-13.2within the sector's middle half▲ 136%14.3within the sector's middle half▲ 8.3%17.1within the sector's middle half▲ 19.6%
above
within
below
The sector band is the middle half of the companies in Services to buildings and landscape activities (NACE 81). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a profit of €57,384, after a loss of €38,227 in 2024. It is the highest result since 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256,102
Fixed assets
€25,528 ▼ 46.1%
Current assets
€230,574 ▲ 22.2%
Equity and liabilities
Equity-€119,173
Debt€375,275
Equity is negative. Debt (€375,275) exceeds the balance-sheet total (€256,102).
Key figures and ratios
EBITDA
€80,421▲
2024 · -€14,152
Cash flow
€40,093▲
2024 · -€36,539
Interest coverage
6.49▲
2024 · -0.76
Debt ≤ 1 year
€356,134▲
2024 · €333,273
Debt > 1 year
€15,296▼
2024 · €36,304
Income taxes
€27,960▲
2024 · €3,651
Staff costs
€853,607▲
2024 · €633,959
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 8 | 21 | 27 | 32 |
| full-time | 4 | 5 | 5 | 3 |
| part-time | 4 | 16 | 22 | 29 |
| in full-time equivalents | 5.9 | 12.7 | 14.5 | 18 |
| Average over the year, in full-time equivalents | 5.6 | 13.2 | 14.3 | 17.1 |
| On a permanent contract | 4 | 16 | 17 | 22 |
| Joined | 48 | 94 | 113 | 143 |
| Left | 45 | 82 | 107 | 137 |
| Training hours | 19 | - | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Overdue debts
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Overdue tax debts | - | €3,873 | €15,099 | - |
| Overdue social security (RSZ) debts | - | €97,214 | €112,776 | €70,515 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €43,140 | €63,646 | €3,275 | €1,178 |
| Financial fixed assets | €400 | - | €1,000 | €0 |
| Depreciation and write-downs of the year | €12,765 | €11,997 | €24,075 | €23,037 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12,334 | €0 | €526 | - |
| Remuneration, social security and pensions62 | €240,062 | €582,970 | €633,959 | €853,607 | ▲ 34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,765 | €11,997 | €24,075 | €23,037 | ▼ 4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,930 | -€1,269 | €816 | €1,309 | ▲ 60.4% |
| Other operating charges640/8 | €12,617 | €19,090 | €24,518 | €29,861 | ▲ 21.8% |
| Non-recurring operating charges66A | - | €5,594 | €6,982 | €0 | ▼ 100% |
| Gross operating margin9900 | €192,876 | €632,165 | €652,123 | €965,197 | ▲ 48.0% |
| Operating profit (loss)9901 | -€75,498 | €13,782 | -€38,227 | €57,384 | - |
| Financial income75/76B | €38 | €133 | €0 | €34 | - |
| Recurring financial income75 | €38 | €133 | €0 | €34 | - |
| Financial charges65/66B | €2,008 | €11,263 | €18,735 | €12,401 | ▼ 33.8% |
| Recurring financial charges65 | €2,008 | €11,263 | €18,735 | €12,401 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | -€77,468 | €2,653 | -€56,962 | €45,017 | - |
| Income taxes67/77 | €588 | €3,195 | €3,651 | €27,960 | ▲ 666% |
| Profit (loss) for the period9904 | -€78,056 | -€542 | -€60,614 | €17,057 | - |
| Profit (loss) for the period to be appropriated9905 | -€78,056 | -€542 | -€60,614 | €17,057 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €144,194 | €251,052 | €236,008 | €256,102 | ▲ 8.5% |
| Fixed assets21/28 | €66,271 | €67,186 | €47,386 | €25,528 | ▼ 46.1% |
| Tangible fixed assets22/27 | €65,471 | €66,386 | €45,586 | €23,728 | ▼ 47.9% |
| Plant, machinery and equipment23 | €5,729 | - | €1,297 | €681 | ▼ 47.5% |
| Furniture and vehicles24 | €27,528 | €47,748 | €29,934 | €14,403 | ▼ 51.9% |
| Leasing and similar rights25 | €20,462 | €15,235 | €10,009 | €4,783 | ▼ 52.2% |
| Other tangible fixed assets26 | €11,753 | €3,402 | €4,346 | €3,861 | ▼ 11.2% |
| Financial fixed assets28 | €800 | €800 | €1,800 | €1,800 | = |
| Current assets29/58 | €77,923 | €183,866 | €188,622 | €230,574 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €63,853 | €152,367 | €138,411 | €169,836 | ▲ 22.7% |
| Trade receivables40 | €57,810 | €130,966 | €96,220 | €120,463 | ▲ 25.2% |
| Other amounts receivable41 | €6,044 | €21,401 | €42,190 | €49,373 | ▲ 17.0% |
| Cash at bank and in hand54/58 | €12,629 | €30,488 | €44,840 | €53,850 | ▲ 20.1% |
| Deferred charges and accrued income490/1 | €1,442 | €1,011 | €5,371 | €6,888 | ▲ 28.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €144,194 | €251,052 | €236,008 | €256,102 | ▲ 8.5% |
| Equity10/15 | -€75,074 | -€75,616 | -€136,230 | -€119,173 | ▲ 12.5% |
| Contributions10/11 | €500 | €500 | €500 | €500 | = |
| Reserves13 | €70 | €70 | €70 | €70 | = |
| Distributable reserves133 | €70 | €70 | €70 | €70 | = |
| Profit (loss) carried forward14 | -€75,644 | -€76,186 | -€136,800 | -€119,743 | ▲ 12.5% |
| Amounts payable17/49 | €219,268 | €326,668 | €372,238 | €375,275 | ▲ 0.8% |
| Amounts payable after more than one year17 | €15,861 | €56,727 | €36,304 | €15,296 | ▼ 57.9% |
| Financial debts170/4 | €15,861 | €56,727 | €36,304 | €15,296 | ▼ 57.9% |
| Amounts payable within one year42/48 | €197,862 | €266,761 | €333,273 | €356,134 | ▲ 6.9% |
| Current portion of amounts payable after more than one year42 | €5,035 | €19,411 | €20,423 | €21,009 | ▲ 2.9% |
| Trade debts44 | €89,588 | €44,131 | €45,190 | €62,228 | ▲ 37.7% |
| Suppliers440/4 | €89,588 | €44,131 | €45,190 | €62,228 | ▲ 37.7% |
| Taxes, remuneration and social security45 | €102,578 | €198,058 | €266,500 | €272,897 | ▲ 2.4% |
| Taxes450/3 | €16,944 | €21,384 | €28,812 | €31,021 | ▲ 7.7% |
| Remuneration and social security454/9 | €85,634 | €176,674 | €237,688 | €241,876 | ▲ 1.8% |
| Other amounts payable47/48 | €660 | €5,160 | €1,160 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €5,546 | €3,180 | €2,661 | €3,845 | ▲ 44.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,056 | -€542 | -€60,614 | €17,057 | - |
| + Depreciation and write-downs630 | €12,765 | €11,997 | €24,075 | €23,037 | ▼ 4.3% |
| Operating cash flow (approximation) | -€65,291 | €11,455 | -€36,539 | €40,093 | - |
| Investment in fixed assets (approximation) | - | -€12,912 | -€4,275 | -€1,178 | ▲ 72.4% |
| Change in cash | - | €17,860 | €14,352 | €9,010 | ▼ 37.2% |
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, 178 companies had the same profile as IMMO CLEAN PRO has now. Two years later, 90.4% were still going and 6.2% had gone bankrupt.
- Small
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
90.4%
was still going
2.8%
stopped otherwise
6.2%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO CLEAN PRO itself: 3.2% 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 178 companies, not a prediction for IMMO CLEAN PRO. 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.