IMMO CUYLE
ActiveSummary
IMMO CUYLE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €928,675 and a net result of €31,600. Equity is growing by ~5.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability40▼-10
Solvency78▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 12.05 against 6.18 in 2023; short-term debt: 3.1% and cash: 23.8% of total assets), and 47.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.8%
Return on assets
1.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
38 d early
2023
37 d early
2022
11 d early
2021
38 d early
2020
30 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 oldest company in Wielsbeke, Real estate sector
Equity
€928,675▲ 3.5%
2023 · €897,075
Total assets
€1.8m▼ 10.0%
2023 · €2.0m
Net result
€31,600▼ 55.8%
2023 · €71,561
Working capital
€610,515▲ 81.0%
2023 · €337,390
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€64,364▲ 258%€75,186▲ 16.8%€112,337▲ 49.4%€141,127▲ 25.6%€96,288▼ 31.8%
Net result€30,505within the sector's middle half€32,179within the sector's middle half▲ 5.5%€60,786within the sector's middle half▲ 88.9%€71,561within the sector's middle half▲ 17.7%€31,600within the sector's middle half▼ 55.8%
Equity€732,549within the sector's middle half▲ 4.3%€764,728within the sector's middle half▲ 4.4%€825,514within the sector's middle half▲ 7.9%€897,075within the sector's middle half▲ 8.7%€928,675within the sector's middle half▲ 3.5%
Total assets€1.7mwithin the sector's middle half▲ 15.3%€1.8mwithin the sector's middle half▲ 3.1%€1.9mwithin the sector's middle half▲ 5.6%€2.0mwithin the sector's middle half▲ 4.1%€1.8mwithin the sector's middle half▼ 10.0%
Debt€990,136▲ 25.0%€1.0m▲ 2.2%€1.1m▲ 3.8%€1.1m▲ 0.6%€829,775▼ 21.4%
Working capital€248,646within the sector's middle half€306,655within the sector's middle half▲ 23.3%€356,299within the sector's middle half▲ 16.2%€337,390within the sector's middle half▼ 5.3%€610,515above the sector's middle half▲ 81.0%
Solvency42.5%within the sector's middle half▼ 4.5pp43.1%within the sector's middle half▲ 0.5pp44.0%within the sector's middle half▲ 1.0pp45.9%within the sector's middle half▲ 1.9pp52.8%within the sector's middle half▲ 6.9pp
Current ratio15.30above the sector's middle half▲ 14.5116.85above the sector's middle half▲ 1.555.58above the sector's middle half▼ 11.276.18above the sector's middle half▲ 0.6012.05above the sector's middle half▲ 5.87
Return on assets (ROA)1.8%within the sector's middle half▲ 2.6pp1.8%within the sector's middle half=3.2%within the sector's middle half▲ 1.4pp3.7%within the sector's middle half▲ 0.4pp1.8%within the sector's middle half▼ 1.9pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.1m ▼ 29.5%
Current assets
€665,761 ▲ 65.4%
Equity and liabilities €1.8m
Equity
€928,675 ▲ 3.5%
Debt
€829,775 ▼ 21.4%
Debt's share of the balance-sheet total falls from 54.1% to 47.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€143,090▼
2023 · €156,120
Cash flow
€78,402▼
2023 · €86,554
Debt to equity
0.89▼
2023 · 1.18
ROE
3.4%▼
2023 · 8.0%
Interest coverage
2.22▼
2023 · 3.25
Debt ≤ 1 year
€55,246▼
2023 · €65,148
Debt > 1 year
€714,430▼
2023 · €948,125
Income taxes
€11,425▼
2023 · €25,369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 14,732 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €143,856 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,306 | €12,865 | €8,726 | €14,993 | €46,801 | ▲ 212% |
| Other operating charges640/8 | - | €8,127 | €8,156 | €9,643 | €14,778 | ▲ 53.3% |
| Gross operating margin9900 | €85,737 | €96,178 | €129,218 | €165,763 | €157,867 | ▼ 4.8% |
| Operating profit (loss)9901 | €64,364 | €75,186 | €112,337 | €141,127 | €96,288 | ▼ 31.8% |
| Financial income75/76B | - | - | - | €3,909 | €11,157 | ▲ 185% |
| Recurring financial income75 | €0 | - | - | €3,909 | €11,157 | ▲ 185% |
| Financial charges65/66B | - | €33,507 | €34,248 | €48,106 | €64,419 | ▲ 33.9% |
| Recurring financial charges65 | €27,547 | €33,507 | €34,248 | €48,106 | €64,419 | ▲ 33.9% |
| Profit (loss) for the period before taxes9903 | €36,817 | €41,679 | €78,089 | €96,930 | €43,026 | ▼ 55.6% |
| Income taxes67/77 | €6,311 | €9,500 | €17,303 | €25,369 | €11,425 | ▼ 55.0% |
| Profit (loss) for the period9904 | €30,505 | €32,179 | €60,786 | €71,561 | €31,600 | ▼ 55.8% |
| Profit (loss) for the period to be appropriated9905 | €30,505 | €32,179 | €60,786 | €71,561 | €31,600 | ▼ 55.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.8m | €1.9m | €2.0m | €1.8m | ▼ 10.0% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.4m | €1.6m | €1.1m | ▼ 29.5% |
| Tangible fixed assets22/27 | €849,322 | €842,832 | €834,107 | €943,218 | €1.1m | ▲ 15.8% |
| Land and buildings22 | - | €836,519 | €827,864 | €860,058 | €960,228 | ▲ 11.6% |
| Plant, machinery and equipment23 | - | - | - | €2,885 | €2,222 | ▼ 23.0% |
| Furniture and vehicles24 | - | - | - | €74,101 | €57,886 | ▼ 21.9% |
| Other tangible fixed assets26 | - | €6,313 | €6,243 | €6,173 | €6,103 | ▼ 1.1% |
| Assets under construction and advance payments27 | - | - | - | - | €66,250 | - |
| Financial fixed assets28 | €607,324 | €607,324 | €607,324 | €607,324 | €0 | ▼ 100% |
| Current assets29/58 | €266,039 | €326,002 | €434,136 | €402,537 | €665,761 | ▲ 65.4% |
| Amounts receivable within one year40/41 | €0 | €13,310 | €30,250 | €13,767 | €36,048 | ▲ 162% |
| Trade receivables40 | - | €13,310 | €30,250 | €13,767 | €10,638 | ▼ 22.7% |
| Other amounts receivable41 | - | - | - | - | €25,410 | - |
| Current investments50/53 | €75,249 | €125,881 | €133,595 | €107,149 | €208,852 | ▲ 94.9% |
| Cash at bank and in hand54/58 | €190,790 | €184,640 | €263,150 | €280,785 | €419,385 | ▲ 49.4% |
| Deferred charges and accrued income490/1 | - | €2,170 | €7,141 | €835 | €1,477 | ▲ 76.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.8m | €1.9m | €2.0m | €1.8m | ▼ 10.0% |
| Equity10/15 | €732,549 | €764,728 | €825,514 | €897,075 | €928,675 | ▲ 3.5% |
| Contributions10/11 | €173,525 | €173,525 | €173,525 | €173,525 | €173,525 | = |
| Reserves13 | €559,024 | €591,203 | €651,988 | €723,549 | €755,150 | ▲ 4.4% |
| Non-distributable reserves130/1 | - | €17,353 | €17,353 | €0 | - | - |
| Reserves not available under the articles1311 | - | €17,353 | €17,353 | €0 | - | - |
| Distributable reserves133 | - | €573,850 | €634,636 | €723,549 | €755,150 | ▲ 4.4% |
| Amounts payable17/49 | €990,136 | €1.0m | €1.1m | €1.1m | €829,775 | ▼ 21.4% |
| Amounts payable after more than one year17 | €926,316 | €963,736 | €943,005 | €948,125 | €714,430 | ▼ 24.6% |
| Other amounts payable178/9 | - | €963,736 | €943,005 | €948,125 | €714,430 | ▼ 24.6% |
| Amounts payable within one year42/48 | €17,393 | €19,347 | €77,836 | €65,148 | €55,246 | ▼ 15.2% |
| Trade debts44 | €333 | €5,472 | €9,722 | €517 | €1,778 | ▲ 244% |
| Suppliers440/4 | - | €5,472 | €9,722 | €517 | €1,778 | ▲ 244% |
| Taxes, remuneration and social security45 | - | €13,874 | €22,520 | €7,597 | €3,778 | ▼ 50.3% |
| Taxes450/3 | - | €10,134 | €18,780 | €7,597 | €3,778 | ▼ 50.3% |
| Remuneration and social security454/9 | - | €3,740 | €3,740 | €0 | - | - |
| Other amounts payable47/48 | - | - | €45,594 | €57,033 | €49,690 | ▼ 12.9% |
| Accrued charges and deferred income492/3 | - | €28,348 | €29,212 | €42,732 | €60,099 | ▲ 40.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,505 | €32,179 | €60,786 | €71,561 | €31,600 | ▼ 55.8% |
| + Depreciation and write-downs630 | €13,306 | €12,865 | €8,726 | €14,993 | €46,801 | ▲ 212% |
| Operating cash flow (approximation) | €43,812 | €45,044 | €69,511 | €86,554 | €78,402 | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | -€6,375 | €0 | -€124,104 | €411,051 | ▲ 431% |
| Change in cash | - | -€6,150 | €78,510 | €17,636 | €138,599 | ▲ 686% |
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
Next filing, fiscal year 2026, expected by
2026
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €71,561 ▲17.7%
Operating result €141,127, net result €71,561, both a record.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €30,505
Net result €30,505 after one loss-making year.
31-12
Financial
Liquidity times 20current ratio 15.30
Current ratio from 0.78 to 15.30; short-term debt falls from €262,114 to €17,393.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€12,173
Net result drops to -€12,173, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Wielsbeke · 1 establishment unit since 1992
Ground area
1,012 m²
Building footprint
210 m²
Volume, LiDAR
1,113 m³
Parcel 37009B0014/02D002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Wielsbeeksestraat(O) 52, 8710 Wielsbeke
since 19922.055.666.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009B0014/02D002 | Flanders | 1,012 m² | 1 · 210 m² | 8.1 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
99.75%
According to the 2023 annual accounts of IMMO CUYLE and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,650 EUR awarded · 1,650 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,650 EUR | 1,650 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500IMELA99JP62O04
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,872 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
Founded30-12-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446156052
Also
9925:BE0446156052
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.