IMMO CONSTRUCT CONSULT
ActiveFrom the official registers: KBO 20 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IMMO CONSTRUCT CONSULT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€109,083) and a net result of -€30,705. Equity is shrinking by about 36% per year across the filed financial years. Its solvency ranks better than 14% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Official details
KBO- Status
- Active since 11-07-2005 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue de la Sèche 80, 4000 Liège
- Activity
- Development of residential building projects NACE 68121and 2 others
- Establishment unit
- 2.149.016.588 4000 Liège, since 01-11-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 16-07-2025
Who decides
- GERARD Pascal DanielDirector · since 11-07-2005
- Holdings
- Shares in 1 company G + CONCEPTS
How it is doing
- Bankruptcy probabilitywithin 12 months
- 1.4%
- Gross margin
- €159,881
- ▼ 19.6%
- Turnover
- ≈ €310,000
- estimated
- Loss
- €30,705
- Equity
- -€109,083
- ▼ 39.2%
- Total assets
- €3.3m
- ▲ 2.7%
- Staff
- ≈ 0 FTE
- estimated
Why 54raises riskCapped at 59: negative equityLiquidity: current ratio 0.29, cash €8,9821 change of registered office in 24 monthsLast filed accounts filed 59 days late; 1 of the last 3 latelowers riskSize: total assets €3.3mShow the evidence
Checked score
About 1 in 100 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 11% on solvency, 45% on liquidity, 21% on profitability and 11% on growth.
The bankruptcy probability was computed on 31-10-2026 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 61 days after the deadline; 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)
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (59 days) Filed on 28 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548328.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 28-09-2026
- Format
- abbreviated format
- Reference
- 2026-00548328
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 33% below 2024.
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.
Average staff in full-time equivalents (FTE).
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), Staff (FTE).
- 2021 Net result -1,786% on 2020. The accounts now follow the full format, last year the micro format.
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 1.4% 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 497,445 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 |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €4,533 | €15,511 | €6,989 | €748 | €722 | ▼ 3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,259 | €10,434 | €2,783 | €107,251 | €67,274 | €71,318 | €70,484 | €71,125 | ▲ 0.9% |
| Other operating charges640/8 | - | - | - | €5,018 | €8,906 | €10,281 | €12,043 | €10,541 | ▼ 12.5% |
| Gross operating margin9900 | €28,898 | €58,341 | €9,081 | €120,014 | €210,405 | €160,637 | €198,780 | €159,881 | ▼ 19.6% |
| Operating profit (loss)9901 | €7,957 | €4,048 | -€6,870 | €3,213 | €118,714 | €72,049 | €115,504 | €77,493 | ▼ 32.9% |
| Financial income75/76B | - | - | - | - | €38 | €13 | €11 | €109 | ▲ 915% |
| Recurring financial income75 | €1,759 | €1,883 | €2,274 | - | €38 | €13 | €11 | €109 | ▲ 915% |
| Financial charges65/66B | - | - | - | €111,492 | €107,304 | €100,981 | €102,615 | €108,097 | ▲ 5.3% |
| Recurring financial charges65 | €115 | €647 | €1,060 | €111,492 | €107,304 | €100,981 | €102,615 | €108,097 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | €9,601 | €5,284 | -€5,656 | -€108,280 | €11,448 | -€28,919 | €12,900 | -€30,496 | - |
| Income taxes67/77 | €1,423 | €2,179 | €94 | €169 | €50 | €178 | €210 | €209 | ▼ 0.6% |
| Profit (loss) for the period9904 | €8,178 | €3,105 | -€5,750 | -€108,448 | €11,398 | -€29,097 | €12,690 | -€30,705 | - |
| Profit (loss) for the period to be appropriated9905 | €8,178 | €3,105 | -€5,750 | -€108,448 | €11,398 | -€29,097 | €12,690 | -€30,705 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.1m | €0.06m | €3.6m | €3.3m | €3.2m | €3.2m | €3.3m | ▲ 2.7% |
| Fixed assets21/28 | €0.009m | €0.04m | €0.006m | €3.5m | €3.3m | €3.2m | €3.1m | €3.2m | ▲ 1.1% |
| Tangible fixed assets22/27 | €0.009m | €0.04m | €0.006m | €2.4m | €2.3m | €2.3m | €2.2m | €2.1m | ▼ 2.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 7.8% |
| Leasing and similar rights25 | - | - | - | €2.3m | €2.3m | €2.2m | €2.2m | €2.1m | ▼ 2.9% |
| Other tangible fixed assets26 | - | - | - | €0.007m | €0.006m | €0.005m | €0.005m | €0.01m | ▲ 156% |
| Financial fixed assets28 | - | - | - | €1.2m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 9.9% |
| Current assets29/58 | €0.09m | €0.09m | €0.05m | €0.06m | €0.03m | €0.05m | €0.09m | €0.1m | ▲ 55.2% |
| Amounts receivable within one year40/41 | €0.07m | €0.08m | €0.04m | €0.04m | €0.008m | €0.04m | €0.08m | €0.1m | ▲ 65.8% |
| Trade receivables40 | - | - | - | €0.04m | €0.008m | €0.04m | €0.08m | €0.1m | ▲ 65.8% |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.006m | €0.02m | €0.01m | €0.002m | €0.009m | €0.009m | ▼ 4.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.01m | €0.006m | €0.004m | €0.003m | ▼ 25.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.1m | €0.06m | €3.6m | €3.3m | €3.2m | €3.2m | €3.3m | ▲ 2.7% |
| Equity10/15 | €0.04m | €0.04m | €0.04m | -€0.07m | -€0.06m | -€0.09m | -€0.08m | -€0.1m | ▼ 39.2% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.001m | €0.002m | €318 | -€0.1m | -€0.1m | -€0.1m | -€0.1m | -€0.1m | ▼ 27.1% |
| Provisions and deferred taxes16 | - | - | - | €1.2m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 9.4% |
| Provisions for liabilities and charges160/5 | - | - | - | €1.2m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 9.4% |
| Other liabilities and charges164/5 | - | - | - | €1.2m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 9.4% |
| Amounts payable17/49 | €0.06m | €0.09m | €0.02m | €2.4m | €2.4m | €2.4m | €2.3m | €2.3m | ▲ 1.1% |
| Amounts payable after more than one year17 | - | €0.02m | - | €2.2m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.1% |
| Financial debts170/4 | - | - | - | €2.2m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.1% |
| Other amounts payable178/9 | - | - | - | - | €0.004m | €0.01m | €0.007m | €0.008m | ▲ 14.2% |
| Amounts payable within one year42/48 | €0.06m | €0.06m | €0.02m | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | ▲ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.02m | €0.1m | €0.1m | €0.1m | ▲ 1.5% |
| Trade debts44 | €0.04m | €0.04m | €0.006m | €0.04m | €0.008m | €0.008m | €0.001m | €0.05m | ▲ 34× |
| Suppliers440/4 | - | - | - | €0.04m | €0.008m | €0.008m | €0.001m | €0.05m | ▲ 34× |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.02m | €0.008m | €0.007m | €0.008m | ▲ 16.7% |
| Taxes450/3 | - | - | - | €0.01m | €0.01m | €0.007m | €0.007m | €0.008m | ▲ 16.7% |
| Remuneration and social security454/9 | - | - | - | €413 | €0.003m | €0.001m | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 23.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.004m | €0.002m | €0.002m | €0.01m | ▲ 530% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.008m | €0.003m | -€0.006m | -€0.1m | €0.01m | -€0.03m | €0.01m | -€0.03m | - |
| + Depreciation and write-downs630 | €0.004m | €0.01m | €0.003m | €0.1m | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 0.9% |
| Operating cash flow (approximation) | €0.01m | €0.01m | -€0.003m | -€0.001m | €0.08m | €0.04m | €0.08m | €0.04m | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | -€0.04m | €0.03m | -€3.6m | €0.2m | €0.03m | -€0.01m | -€0.1m | ▼ 733% |
| Change in cash | - | -€0.005m | -€0.009m | €0.01m | -€0.004m | -€0.01m | €0.008m | -€427 | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-09-2026 | 2026-00548328 | NBB |
| 31-12-2024 | full format | 27-08-2025 | 2025-00424960 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00432881 | |
| 31-12-2022 | full format | 29-09-2023 | 2023-00466050 | |
| 31-12-2021 | full format | 30-09-2022 | 2022-20447763 | |
| 31-12-2020 | micro format | 24-10-2021 | 2021-73000141 | |
| 31-12-2019 | micro format | 12-11-2020 | 2020-70100379 | |
| 31-12-2018 | micro format | 10-08-2019 | 2019-45500088 | |
| 31-12-2017 | micro format | 21-09-2018 | 2018-64000288 | |
| 31-12-2016 | micro format | 22-09-2017 | 2017-62700231 |
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
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GERARD Pascal Daniel |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, mise en liquidation”“Empêchés peuvent mandater un pair par procuration explicite, moitié au moins présente ou représentée”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Article 26, en tout temps par assemblée générale délibérant formes modifications statuts”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Article 27, dissolution pour quelque cause et à quelque moment”
Articles of association, deed of 25-01-2024 (in French)
Owners and capital
Capital and shareholders
- 25-01-2024 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
deed of 25-01-2024 (in French)
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
50%
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
25-09
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
- Board meeting, 26-08-2025
- Registered-office move, Rue de la Sèche, 80 à 4000 Liège
- Power of attorney, SRL ATALEX
25-01
Gazette deed
Resignation: GERARD Pascal Daniel (manager)Appointment: GERARD Pascal Daniel (director) · Declaration · Amendment of the articles17 facts ▸
- General meeting, 20-12-2023
- Declaration, “délibérer et statuer sur ordre du jour, validité assemblée” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “compte de capitaux propres statutairement indisponible créé en application article 39,§2,deuxième alinéa, suppression” (deed in French)
- Capital
- Other provision, “Article 6.Appels de fonds, on omet” (deed in French)
- Other provision, “Article 7.Apport en numéraire avec émission de nouvelles actions–Droit de préférence, on omet” (deed in French)
- Other provision, “nominatives, Article 8.Forme des actions” (deed in French)
- Other provision, “Article 9.Forme des autres titres, on omet” (deed in French)
- Other provision, “Article 10.Indivisibilité des titres, on omet” (deed in French)
- Other provision, “actions, dispositions transitoires terminologiques” (deed in French)
- +5 further facts in this act
08-11
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 13-06-2022
- Registered-office move, rue de la Faille,68 à 4000 Liège
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0875.381.349
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Consultance dans le domaine commercial,industriel,financier,mobilier ou immobilier,pour compte de toute entreprise sise en Belgique ou à…”
5 activities
- Consultance dans le domaine commercial,industriel,financier,mobilier ou immobilier,pour compte de toute entreprise sise en Belgique ou à l'étranger
- L'administration,la gestion ou l'exploitation d'entreprises civiles,financières,commerciales et/ou industrielles,pris dans le sens le plus large
- L'intermédiaire en transactions mobilières ou immobilières
- L'organisation administrative-dans le sens le plus large-d'entreprises commerciales,financières,industrielles
- La formation d'entreprise
- 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 CONSTRUCT CONSULT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, tout endroit de cette région,ou toute Région de langue française de Belgique,par simple décision organe d'administration…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of May at 17:00
Articles of association, deed of 25-01-2024 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62812A1286/00A000 | Wallonia | 1.0 ha | - | - |