IMMO - D
ActiveSummary
The computed 12-month bankruptcy probability of IMMO - D is 1.8% (moderate). The 2025 annual accounts show negative equity (-€24,020) and a net result of €5,148. Equity is growing by ~7.2% per year across the filed fiscal years. The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-2
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.37 in 2024; short-term debt: 134.9% and cash: 29.9% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-34.9%
Return on assets
7.5%
Age of the figures
9 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
31 d early
2023
27 d late
2022
71 d late
2021
76 d late
2020
39 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€24,020▲ 17.7%
2024 · -€29,169
Total assets
€68,793▲ 3.7%
2024 · €66,329
Net result
€5,148▼ 10.9%
2024 · €5,777
Working capital
-€51,791▲ 13.7%
2024 · -€60,019
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,803€2,820▲ 0.6%€4,452▲ 57.9%€6,015▲ 35.1%€5,338▼ 11.3%
Net result€2,599€2,621▲ 0.9%€4,233▲ 61.5%€5,777▲ 36.5%€5,148▼ 10.9%
Equity-€41,800▲ 5.9%-€39,179▲ 6.3%-€34,946▲ 10.8%-€29,169▲ 16.5%-€24,020▲ 17.7%
Total assets€56,752▲ 3.0%€59,819▲ 5.4%€64,899▲ 8.5%€66,329▲ 2.2%€68,793▲ 3.7%
Debt€98,553▼ 0.9%€98,998▲ 0.5%€99,845▲ 0.9%€95,498▼ 4.4%€92,813▼ 2.8%
Working capital-€87,343▲ 8.1%-€79,609▲ 8.9%-€70,586▲ 11.3%-€60,019▲ 15.0%-€51,791▲ 13.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,793
Fixed assets
€27,771 ▼ 10.0%
Current assets
€41,022 ▲ 15.6%
Key figures and ratios
EBITDA
€10,432▼
2024 · €10,805
Cash flow
€10,242▼
2024 · €10,567
Solvency
-34.9%▲
2024 · -44.0%
Current ratio
0.44▲
2024 · 0.37
Debt to equity
-3.86▼
2024 · -3.27
ROA
7.5%▼
2024 · 8.7%
Interest coverage
38.77▼
2024 · 40.44
Debt ≤ 1 year
€92,813▼
2024 · €95,498
Income taxes
€0=
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,799 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,799 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,113 | €5,113 | €4,790 | €4,790 | €5,094 | ▲ 6.3% |
| Other operating charges640/8 | €1,505 | €1,674 | €1,834 | €1,909 | €1,968 | ▲ 3.1% |
| Gross operating margin9900 | €9,421 | €9,607 | €11,076 | €12,714 | €12,400 | ▼ 2.5% |
| Operating profit (loss)9901 | €2,803 | €2,820 | €4,452 | €6,015 | €5,338 | ▼ 11.3% |
| Financial income75/76B | - | - | - | €29 | €79 | ▲ 171% |
| Recurring financial income75 | - | - | - | €29 | €79 | ▲ 171% |
| Financial charges65/66B | €204 | €198 | €219 | €267 | €269 | ▲ 0.7% |
| Recurring financial charges65 | €204 | €198 | €219 | €267 | €269 | ▲ 0.7% |
| Profit (loss) for the period before taxes9903 | €2,599 | €2,621 | €4,233 | €5,777 | €5,148 | ▼ 10.9% |
| Income taxes67/77 | - | - | - | €0 | €0 | - |
| Profit (loss) for the period9904 | €2,599 | €2,621 | €4,233 | €5,777 | €5,148 | ▼ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €2,599 | €2,621 | €4,233 | €5,777 | €5,148 | ▼ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,752 | €59,819 | €64,899 | €66,329 | €68,793 | ▲ 3.7% |
| Formation expenses20 | - | €0 | €0 | - | - | - |
| Fixed assets21/28 | €45,543 | €40,430 | €35,640 | €30,851 | €27,771 | ▼ 10.0% |
| Tangible fixed assets22/27 | €45,543 | €40,430 | €35,640 | €30,851 | €27,771 | ▼ 10.0% |
| Land and buildings22 | €42,817 | €38,628 | €34,439 | €30,250 | €26,061 | ▼ 13.8% |
| Plant, machinery and equipment23 | €2,726 | €1,802 | €1,201 | €601 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €1,710 | - |
| Current assets29/58 | €11,209 | €19,389 | €29,259 | €35,478 | €41,022 | ▲ 15.6% |
| Amounts receivable within one year40/41 | €4,394 | €4,394 | €4,394 | €4,403 | €4,418 | ▲ 0.3% |
| Other amounts receivable41 | €4,394 | €4,394 | €4,394 | €4,403 | €4,418 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €15 | €4,963 | €13,615 | €19,817 | €20,543 | ▲ 3.7% |
| Deferred charges and accrued income490/1 | €6,800 | €10,032 | €11,249 | €11,259 | €16,061 | ▲ 42.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,752 | €59,819 | €64,899 | €66,329 | €68,793 | ▲ 3.7% |
| Equity10/15 | -€41,800 | -€39,179 | -€34,946 | -€29,169 | -€24,020 | ▲ 17.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Outside capital11 | €18,592 | - | - | - | - | - |
| Other1109/19 | €18,592 | - | - | - | - | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€62,251 | -€59,630 | -€55,397 | -€49,620 | -€44,471 | ▲ 10.4% |
| Amounts payable17/49 | €98,553 | €98,998 | €99,845 | €95,498 | €92,813 | ▼ 2.8% |
| Amounts payable within one year42/48 | €98,553 | €98,998 | €99,845 | €95,498 | €92,813 | ▼ 2.8% |
| Trade debts44 | €300 | €0 | €847 | €0 | €400 | - |
| Suppliers440/4 | €300 | €0 | €847 | €0 | €400 | - |
| Other amounts payable47/48 | €98,253 | €98,998 | €98,998 | €95,498 | €92,414 | ▼ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,599 | €2,621 | €4,233 | €5,777 | €5,148 | ▼ 10.9% |
| + Depreciation and write-downs630 | €5,113 | €5,113 | €4,790 | €4,790 | €5,094 | ▲ 6.3% |
| Operating cash flow (approximation) | €7,712 | €7,735 | €9,022 | €10,567 | €10,242 | ▼ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€2,014 | - |
| Change in cash | - | €4,948 | €8,652 | €6,202 | €727 | ▼ 88.3% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €5,777 ▲36.5%
Operating result €6,015, net result €5,777, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 71 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Back to profitnet €2,599
Net result €2,599 after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€7,356
Net result drops to -€7,356, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
10-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 132 days late
2018
12-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 73 days late
2017
31-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 153 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Schaarbeek
Ground area
185 m²
Building footprint
99 m²
Volume, LiDAR
1,004 m³
Parcel 21911C0139/00G005, Brussels · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0139/00G005 | Brussels | 185 m² | 1 · 99 m² | 14.1 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-12-1996
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459457425
Also
9925:BE0459457425
Registered
26-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.