IMMO CREATION
ActiveSummary
IMMO CREATION has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,574 and a net result of €29,606. Equity has been growing by about 94% per year since 2023. Its solvency ranks better than 26% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-06-2023 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Development of residential building projects NACE 68121and 5 others
- Establishment unit
- 2.346.317.756 4020 Liège, since 15-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Board and ownership
- SWEET HOMEDirector · permanent representative RACHDI Samir
- HOME SWEET HOME spirit50%· score 702025 annual accounts of HOME SWEET HOME spirit
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €29,658
- Turnover
- ≈ €73,000
- estimated
- Profit
- €29,606
- Equity
- €7,574
- Total assets
- €200,215
- ▼ 20.4%
- 2025 accounts filed 46 days after the deadline
Score breakdownraises riskLast filed accounts filed 46 days late; 2 of the last 3 accounts lateEquity €7,574 (3.8% of total assets)lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 1.04, cash €83,976Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 24% of them on solvency, 49% on liquidity, 69% on profitability and 93% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 22 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 46 days after the deadline Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00516304.
Annual accounts 2025 filed on 15-09-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a profit of €29,658, after a loss of €15,098 in 2024. It is the highest result since 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €340 | €822 | - | - |
| Gross operating margin9900 | -€8,337 | -€14,276 | €29,658 | - |
| Operating profit (loss)9901 | -€8,677 | -€15,098 | €29,658 | - |
| Financial income75/76B | - | €2 | €1,900 | ▲ 955× |
| Recurring financial income75 | - | €2 | €1,900 | ▲ 955× |
| Financial charges65/66B | €42 | €217 | €94 | ▼ 56.6% |
| Recurring financial charges65 | €42 | €217 | €94 | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | -€8,719 | -€15,313 | €31,464 | - |
| Income taxes67/77 | - | - | €1,858 | - |
| Profit (loss) for the period9904 | -€8,719 | -€15,313 | €29,606 | - |
| Profit (loss) for the period to be appropriated9905 | -€8,719 | -€15,313 | €29,606 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €593,929 | €251,620 | €200,215 | ▼ 20.4% |
| Current assets29/58 | €593,929 | €251,620 | €200,215 | ▼ 20.4% |
| Stocks and contracts in progress3 | €490,340 | €174,337 | €103,913 | ▼ 40.4% |
| Stocks30/36 | €490,340 | €174,337 | €103,913 | ▼ 40.4% |
| Amounts receivable within one year40/41 | €61 | €17,501 | €11,568 | ▼ 33.9% |
| Trade receivables40 | - | €17,501 | €9,600 | ▼ 45.1% |
| Other amounts receivable41 | €61 | - | €1,968 | - |
| Cash at bank and in hand54/58 | €103,528 | €58,439 | €83,976 | ▲ 43.7% |
| Deferred charges and accrued income490/1 | - | €1,343 | €758 | ▼ 43.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €593,929 | €251,620 | €200,215 | ▼ 20.4% |
| Equity10/15 | -€6,719 | -€22,032 | €7,574 | - |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€8,719 | -€24,032 | €5,574 | - |
| Amounts payable17/49 | €600,648 | €273,652 | €192,641 | ▼ 29.6% |
| Amounts payable within one year42/48 | €600,648 | €273,652 | €192,641 | ▼ 29.6% |
| Trade debts44 | €648 | €27,987 | €18,044 | ▼ 35.5% |
| Suppliers440/4 | €648 | €27,987 | €18,044 | ▼ 35.5% |
| Taxes, remuneration and social security45 | - | €30,199 | €1,902 | ▼ 93.7% |
| Taxes450/3 | - | €30,199 | €1,902 | ▼ 93.7% |
| Other amounts payable47/48 | €600,000 | €215,466 | €172,695 | ▼ 19.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,719 | -€15,313 | €29,606 | - |
| Operating cash flow (approximation) | -€8,719 | -€15,313 | €29,606 | - |
| Change in cash | - | -€45,089 | €25,537 | - |
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, 2,157 companies had the same profile as IMMO CREATION has now. Two years later, 3.0% had gone bankrupt and 94.1% were still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO CREATION itself is lower: 0.5% within 12 months. It rests on far more data about IMMO CREATION than the profile alone.
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 2,157 companies, not a prediction for IMMO CREATION. 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.
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €61,034 Profit of €8,844 in 2025 (profit of €10,429 in 2024) Checked score 7050%
Capital transactions
- KROSBY Steve Hubert Laurent 25 shares (25%) · €500 in cash
- RUNFOLA Juliette Giulia Catherine 25 shares (25%) · €500 in cash
- HOME SWEET HOME spirit (BE 0840.991.582) 50 shares (50%) · €1,000 in cash
- 19-06-2023 Incorporation · €2,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SWEET HOME |
|
| KROSBY Steve Hubert Laurent |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, assemblée”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 19-06-2023 (in French)
Network & group
Companies at the same address
9 other companies- K.S. Mgt Registered office · since 2019 0728708144
- L&N Immo Invest Registered office · since 2018 0696664787
- ECOPLAST BENELUX Registered office · since 2018 0699573007
- KS Immoinvest Registered office · since 2018 0695678555
- K&R Immoinvest Establishment · since 2018 0695773872
- K.S. SERVICE Registered office · since 2018 0681443113
- Olondo, Utshumbe (sole trader) Establishment · since 2014 0553673921
- Liebens, Simon (sole trader) Establishment · since 2010 0824491387
- SOCIETE MEDICALE OUHADID-KREUTZ Establishment · since 2006 0885499241
Connections & network
1 current directorThe network starts from the directors of IMMO CREATION. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-01
Gazette deed
Resignation: Krosby Steve (director)3 points ▸
- General meeting, 30-09-2025
- Director resignation, Krosby Steve (director)
- Other provision, “cessation d'implication et cession d'actions, registre des actions” (deed in French)
19-06
Gazette deed
IncorporationStarting capital €2,000 · Appointments: KROSBY Steve Hubert Laurent (director) and HOME SWEET HOME (director) · Permanent representative: RACHDI Samir · Founder13 points ▸
- Incorporation, 15-06-2023
- Founder, KROSBY Steve Hubert Laurent (comparant)
- Founder, RUNFOLA Juliette Giulia Catherine (comparante)
- Founder, HOME SWEET HOME spirit (comparante)
- Founding capital, €2,000
- Bank account, “BE80 1030 8504 0877, compte spécial au nom de la société en formation” (deed in French)
- Other provision, “arrêt des statuts, arrêtés les statuts comme suit” (deed in French)
- Registered office clause, “4020 Liège, rue d'Harscamp 5, communication actionnaires titulaires titres et certificats réputée valablement intervenue” (deed in French)
- Board rule, 2
- Director appointment, KROSBY Steve Hubert Laurent (director (not named in the articles))
- Director appointment, HOME SWEET HOME (director (not named in the articles))
- Permanent representative, RACHDI Samir
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 15 June 2023, IMMO CREATION was incorporated as a private limited company by HOME SWEET HOME spirit and two natural persons, with a starting capital of €2,000.12 SWEET HOME is director of the company, appointed in the act of 19-06-2023.2 Total assets went from €593,929 in 2023 to €200,215 in 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
21 activities
- L'acquisition par voie d'achat, d'apport, de construction ou autrement de biens immeubles de toute nature en vue de la vente ou de la mise en location ainsi que la construction, l'étude et la promotion immobilière.
- L'achat, l'échange, la vente, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tout avec ou sans option d'achat, l'exploitation et l'entretien de maisons, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers, ainsi que de toutes opérations de financement et de gestion de patrimoine immobilier.
- Toutes opérations immobilières au sens le plus large du terme et notamment acquérir, vendre, échanger, prendre ou donner en bail, en emphytéose ou en superficie, faire toute opération de leasing, acquérir et consentir toutes options, lotir, gérer, entretenir, réparer, transformer, aménager, meubler et décorer tous biens immobiliers; construire toutes habitations ou ensemble d'habitation, en copropriété horizontale ou non, garages, annexes et dépendances, ateliers, bâtiments industriels et d'une façon plus générale, tout ce qui peut se rapporter à l'activité immobilière au sens le plus large du terme
- L’acquisition et la gestion d’un patrimoine immobilier ainsi que toutes les opérations se rapportant directement ou indirectement à la mise en valeur de ce patrimoine ;
- Achat, vente, location d’appartements, de studio ou de bureaux meublés ou non meublés ;
- Construction et rénovation clef sur porte
- Tout ce qui se rapporte avec l’immobilier dont l’achat, la vente, la promotion et la location ;
- Toutes autres activités du secteur de la construction ;
- Location de business center type bureaux clefs en mains ;
- L’achat et vente de garages, entrepôts et dépôts ;
- L’exploitation d’un Welness Sauna Center ;
- Exploitation hôtelière type Bed and Breakfast ;
- L’exploitation hôtelière de type classique ;
- L’administration, gestion, et management d’autres sociétés ;
- La participation à la gestion, l’administration, le contrôle et l’assistance de toute société ou entreprise belge ou étrangère que ce soit dans les domaines administratifs, financier, juridique, technique ou commercial ;
- La conciergerie ;
- Le gardiennage ;
- L’exploitation d’une salle de sport ;
- L’activité de jardinage ;
- Syndic d’immeuble et copropriété ;
- La participation à la gestion, l'administration, le contrôle et l'assistance de toute société ou entreprise belge ou étrangère que ce soit dans les domaines administratif, financier, juridique, technique ou commercial.
Invoicing 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. Use the enterprise number 0802.772.394
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62817B0482/00T003 | Wallonia | 1,715 m² | 1 · 898 m² | 21.4 m · 5 |