IMMO.COMBU
ActiveSummary
IMMO.COMBU has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €338k and a net result of €25k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 38% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+1
Solvency44▼-20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.9 against 0.15 in 2023; short-term debt: 50.2% and cash: 0.8% of total assets), and 81.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
30 d early
2022
7 d early
2021
4 d early
2020
3 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0
2019 · €0
2018: €0highest value
2019: €0highest value
2022: €0highest value
2018 → 2022
EBIT margin
Not included in this filing
Net result
€25k▲ 159%
2023 · €10k
2018: €-36klowest in 7 years
2019: €3k▲ +108% vs 2018
2020: €6k▲ +91.7% vs 2019
2021: €10k▲ +82.1% vs 2020
2022: €16k▲ +60.8% vs 2021
2023: €10k▼ -41.4% vs 2022
2024: €25k▲ +159% vs 2023highest in 7 years
2018 → 2024
Working capital
€-87k▼ 40.1%
2023 · €-62k
2018: €-50k
2019: €-51k▼ -1.9% vs 2018
2020: €-40k▲ +22.9% vs 2019
2021: €-35k▲ +11.4% vs 2020
2022: €-19k▲ +44.5% vs 2021highest in 7 years
2023: €-62k▼ -217% vs 2022
2024: €-87k▼ -40.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€277k-€287k▲ 3.7%€304k▲ 5.7%€313k▲ 3.1%€338k▲ 7.9%
2020: €277klowest in 5 years
2021: €287k▲ +3.7% vs 2020
2022: €304k▲ +5.7% vs 2021
2023: €313k▲ +3.1% vs 2022
2024: €338k▲ +7.9% vs 2023highest in 5 years
Operating result€17k-€18k▲ 4.0%€23k▲ 31.6%€20k▼ 14.9%€52k▲ 159%
2020: €17klowest in 5 years
2021: €18k▲ +4.0% vs 2020
2022: €23k▲ +31.6% vs 2021
2023: €20k▼ -14.9% vs 2022
2024: €52k▲ +159% vs 2023highest in 5 years
Net result€6k-€10k▲ 82.1%€16k▲ 60.8%€10k▼ 41.4%€25k▲ 159%
2020: €6klowest in 5 years
2021: €10k▲ +82.1% vs 2020
2022: €16k▲ +60.8% vs 2021
2023: €10k▼ -41.4% vs 2022
2024: €25k▲ +159% vs 2023highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 159% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.81M
Fixed assets
€987k ▲ 25.7%
Current assets
€821k ▲ 7,280%
Equity and liabilities €1.81M
Equity
€338k ▲ 7.9%
Debt
€1.47M ▲ 204%
Debt's share of the balance-sheet total rises from 60.7% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€104k▲
2023 · €59k
Cash flow
€77k▲
2023 · €48k
Current ratio
0.90▲
2023 · 0.15
Quick ratio
0.02▼
2023 · 0.15
Debt to equity
4.35▲
2023 · 1.54
ROE
7.3%▲
2023 · 3.0%
ROA
1.4%▲
2023 · 1.2%
Interest coverage
5.71▲
2023 · 5.64
Debt ≤ 1 year
€908k▲
2023 · €73k
Debt > 1 year
€562k▲
2023 · €410k
Income taxes
€9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€796k€1.81M▲
Formation expenses20€0€0=
Fixed assets21/28€785k€987k▲
Tangible fixed assets22/27€785k€987k▲
Land and buildings22€773k€978k▲
Plant, machinery and equipment23€12k€9k▼
Financial fixed assets28€0-
Current assets29/58€11k€821k▲
Stocks and contracts in progress3-€805k
Stocks30/36-€805k
Amounts receivable within one year40/41€0€2k▲
Trade receivables40€0€2k▲
Other amounts receivable41€0€0=
Cash at bank and in hand54/58€11k€14k▲
Deferred charges and accrued income490/1€142€597▲
Equity and liabilities
Total equity and liabilities10/49€796k€1.81M▲
Equity10/15€313k€338k▲
Contributions10/11€310k€310k=
Profit (loss) carried forward14€3k€28k▲
Amounts payable17/49€483k€1.47M▲
Amounts payable after more than one year17€410k€562k▲
Financial debts170/4€410k€562k▲
Amounts payable within one year42/48€73k€908k▲
Current portion of amounts payable after more than one year42€43k€55k▲
Trade debts44€0€0=
Suppliers440/4€0€0=
Taxes, remuneration and social security45€2k€10k▲
Taxes450/3€2k€10k▲
Other amounts payable47/48€28k€843k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€52k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€63k€108k▲
Operating profit (loss)9901€20k€52k▲
Financial charges65/66B€10k€18k▲
Recurring financial charges65€10k€18k▲
Profit (loss) for the period before taxes9903€10k€34k▲
Income taxes67/77-€9k
Profit (loss) for the period9904€10k€25k▲
Profit (loss) for the period to be appropriated9905€10k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€28k▲
Profit (loss) brought forward from the previous period14P€-6k€3k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €34k | €34k | €39k | €52k | ▲ 35.3% |
| Other operating charges640/8 | - | €3k | €3k | €4k | €4k | ▲ 6.0% |
| Gross operating margin9900 | €55k | €56k | €61k | €63k | €108k | ▲ 72.9% |
| Operating profit (loss)9901 | €17k | €18k | €23k | €20k | €52k | ▲ 159% |
| Financial income75/76B | - | €17 | - | - | - | - |
| Recurring financial income75 | €0 | €17 | - | - | - | - |
| Financial charges65/66B | - | €8k | €7k | €10k | €18k | ▲ 75.0% |
| Recurring financial charges65 | €12k | €8k | €7k | €10k | €18k | ▲ 75.0% |
| Profit (loss) for the period before taxes9903 | €6k | €10k | €16k | €10k | €34k | ▲ 251% |
| Income taxes67/77 | - | - | - | - | €9k | - |
| Profit (loss) for the period9904 | €6k | €10k | €16k | €10k | €25k | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | €6k | €10k | €16k | €10k | €25k | ▲ 159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €743k | €718k | €703k | €796k | €1.81M | ▲ 127% |
| Formation expenses20 | €1k | €411 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €718k | €689k | €658k | €785k | €987k | ▲ 25.7% |
| Tangible fixed assets22/27 | €718k | €689k | €658k | €785k | €987k | ▲ 25.7% |
| Land and buildings22 | - | €670k | €643k | €773k | €978k | ▲ 26.5% |
| Plant, machinery and equipment23 | - | €18k | €15k | €12k | €9k | ▼ 25.3% |
| Financial fixed assets28 | - | - | €0 | €0 | - | - |
| Current assets29/58 | €23k | €29k | €45k | €11k | €821k | ▲ 7,280% |
| Stocks and contracts in progress3 | - | - | - | - | €805k | - |
| Stocks30/36 | - | - | - | - | €805k | - |
| Amounts receivable within one year40/41 | €15k | €156 | €9k | €0 | €2k | - |
| Trade receivables40 | - | €0 | €9k | €0 | €2k | - |
| Other amounts receivable41 | - | €156 | €265 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €8k | €29k | €36k | €11k | €14k | ▲ 24.4% |
| Deferred charges and accrued income490/1 | - | €115 | €125 | €142 | €597 | ▲ 321% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €743k | €718k | €703k | €796k | €1.81M | ▲ 127% |
| Equity10/15 | €277k | €287k | €304k | €313k | €338k | ▲ 7.9% |
| Contributions10/11 | €0 | €310k | €310k | €310k | €310k | = |
| Profit (loss) carried forward14 | €-33k | €-23k | €-6k | €3k | €28k | ▲ 769% |
| Amounts payable17/49 | €466k | €431k | €400k | €483k | €1.47M | ▲ 204% |
| Amounts payable after more than one year17 | €399k | €367k | €335k | €410k | €562k | ▲ 37.1% |
| Financial debts170/4 | - | €367k | €335k | €410k | €562k | ▲ 37.1% |
| Other amounts payable178/9 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €63k | €64k | €65k | €73k | €908k | ▲ 1,146% |
| Current portion of amounts payable after more than one year42 | - | €31k | €32k | €43k | €55k | ▲ 28.1% |
| Trade debts44 | €0 | €0 | €0 | €0 | €0 | - |
| Suppliers440/4 | - | - | €0 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | €1k | €2k | €2k | €10k | ▲ 470% |
| Taxes450/3 | - | €1k | €2k | €2k | €10k | ▲ 470% |
| Other amounts payable47/48 | - | €31k | €32k | €28k | €843k | ▲ 2,893% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €10k | €16k | €10k | €25k | ▲ 159% |
| + Depreciation and write-downs630 | €34k | €34k | €34k | €39k | €52k | ▲ 35.3% |
| Operating cash flow (approximation) | €40k | €44k | €50k | €48k | €77k | ▲ 59.8% |
| Investment in fixed assets (approximation) | - | €-4k | €-3k | €-166k | €-254k | ▼ 53.2% |
| Change in cash | - | €20k | €7k | €-25k | €3k | ▲ 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.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €25k ▲159%
Operating result €52k, net result €25k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Visé · 1 establishment unit since 2017
Ground area
2,158 m²
Building footprint
469 m²
Parcel 62108B0367/00H000, Wallonia. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue de Berneau 83, 4600 Visé
since 20172.266.895.641
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108B0367/00H000 | Wallonia | 2,158 m² | 1 · 469 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 5,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.