IMMO DE NIL
ActiveSummary
IMMO DE NIL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €591,189 and a net result of €22,729. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-19
Solvency94▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.58 against 4.46 in 2024; short-term debt: 19.9% and cash: 3.3% of total assets), and 31.3% of the assets are financed with debt.
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Signals
Five 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 2025Solvency, return and age of the figures
Solvency
68.7%
Return on assets
2.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
40 d early
2022
29 d late
2021
9 d early
2020
36 d early
2019
17 d late
← 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 6 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 22 July (4 of the last 5 filed years within 38 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 2025, abbreviated schema
Equity
€591,189▼ 10.3%
2024 · €658,834
Total assets
€860,599▲ 3.5%
2024 · €831,302
Net result
€22,729▼ 84.9%
2024 · €150,287
Working capital
€270,120▼ 22.6%
2024 · €349,004
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
Line20212022202320242025
Operating result€201,417▲ 62.0%€151,078▼ 25.0%€117,916▼ 21.9%€211,801▲ 79.6%€26,666▼ 87.4%
Net result€137,694above the sector's middle half▲ 52.5%€103,368above the sector's middle half▼ 24.9%€82,684above the sector's middle half▼ 20.0%€150,287above the sector's middle half▲ 81.8%€22,729within the sector's middle half▼ 84.9%
Equity€410,996above the sector's middle half▲ 31.7%€487,113above the sector's middle half▲ 18.5%€508,547above the sector's middle half▲ 4.4%€658,834above the sector's middle half▲ 29.6%€591,189within the sector's middle half▼ 10.3%
Total assets€711,403within the sector's middle half▲ 46.6%€751,046within the sector's middle half▲ 5.6%€768,459within the sector's middle half▲ 2.3%€831,302within the sector's middle half▲ 8.2%€860,599within the sector's middle half▲ 3.5%
Debt€300,407▲ 73.7%€263,932▼ 12.1%€259,912▼ 1.5%€172,468▼ 33.6%€269,410▲ 56.2%
Working capital€117,299above the sector's middle half▲ 92.4%€210,808above the sector's middle half▲ 79.7%€232,276above the sector's middle half▲ 10.2%€349,004above the sector's middle half▲ 50.3%€270,120within the sector's middle half▼ 22.6%
Solvency57.8%within the sector's middle half▼ 6.6pp64.9%above the sector's middle half▲ 7.1pp66.2%above the sector's middle half▲ 1.3pp79.3%above the sector's middle half▲ 13.1pp68.7%above the sector's middle half▼ 10.6pp
Current ratio1.86within the sector's middle half▲ 0.292.78within the sector's middle half▲ 0.922.71within the sector's middle half▼ 0.064.46above the sector's middle half▲ 1.752.58within the sector's middle half▼ 1.89
Return on assets (ROA)19.4%above the sector's middle half▲ 0.7pp13.8%above the sector's middle half▼ 5.6pp10.8%above the sector's middle half▼ 3.0pp18.1%above the sector's middle half▲ 7.3pp2.6%within the sector's middle half▼ 15.4pp
Staff (FTE)0.7▲ 75.0%0.3▼ 57.1%0.4▲ 33.3%1▲ 150%1within 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 or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -85% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €860,599
Fixed assets
€419,082 ▲ 9.8%
Current assets
€441,517 ▼ 1.8%
Equity and liabilities €860,599
Equity
€591,189 ▼ 10.3%
Debt
€269,410 ▲ 56.2%
Debt's share of the balance-sheet total rises from 20.7% to 31.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56,961▼
2024 · €240,543
Cash flow
€53,024▼
2024 · €179,028
Debt to equity
0.46▲
2024 · 0.26
ROE
3.8%▼
2024 · 22.8%
Interest coverage
43.89▼
2024 · 189.56
Debt ≤ 1 year
€171,396▲
2024 · €100,773
Debt > 1 year
€98,014▲
2024 · €71,695
Income taxes
€8,635▼
2024 · €66,813
Staff costs
€45,506▼
2024 · €49,511
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 17,039 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 | - | - | - | €150,000 | €10,000 | ▼ 93.3% |
| Remuneration, social security and pensions62 | €40,929 | €1,307 | €23,325 | €49,511 | €45,506 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,398 | €36,071 | €21,038 | €28,741 | €30,295 | ▲ 5.4% |
| Other operating charges640/8 | €31,107 | €29,162 | €25,544 | €32,235 | €29,884 | ▼ 7.3% |
| Gross operating margin9900 | €303,851 | €217,618 | €187,823 | €322,289 | €132,351 | ▼ 58.9% |
| Operating profit (loss)9901 | €201,417 | €151,078 | €117,916 | €211,801 | €26,666 | ▼ 87.4% |
| Financial income75/76B | - | €3 | €2,676 | €6,567 | €5,996 | ▼ 8.7% |
| Recurring financial income75 | - | €3 | €2,676 | €6,567 | €5,996 | ▼ 8.7% |
| Financial charges65/66B | €3,303 | €3,430 | €3,816 | €1,269 | €1,298 | ▲ 2.3% |
| Recurring financial charges65 | €3,303 | €3,430 | €3,816 | €1,269 | €1,298 | ▲ 2.3% |
| Profit (loss) for the period before taxes9903 | €198,114 | €147,651 | €116,776 | €217,100 | €31,365 | ▼ 85.6% |
| Income taxes67/77 | €60,420 | €44,283 | €34,091 | €66,813 | €8,635 | ▼ 87.1% |
| Profit (loss) for the period9904 | €137,694 | €103,368 | €82,684 | €150,287 | €22,729 | ▼ 84.9% |
| Transfer from tax-exempt reserves789 | €8,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €145,694 | €103,368 | €82,684 | €150,287 | €22,729 | ▼ 84.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €711,403 | €751,046 | €768,459 | €831,302 | €860,599 | ▲ 3.5% |
| Fixed assets21/28 | €457,551 | €421,480 | €400,442 | €381,525 | €419,082 | ▲ 9.8% |
| Intangible fixed assets21 | - | - | - | €8,038 | €6,073 | ▼ 24.4% |
| Tangible fixed assets22/27 | €457,551 | €421,480 | €400,442 | €373,488 | €413,009 | ▲ 10.6% |
| Land and buildings22 | €453,593 | €420,877 | €399,993 | €373,193 | €346,393 | ▼ 7.2% |
| Plant, machinery and equipment23 | €3,201 | - | - | - | - | - |
| Furniture and vehicles24 | €757 | €603 | €449 | €295 | €66,616 | ▲ 22,505% |
| Current assets29/58 | €253,852 | €329,565 | €368,017 | €449,777 | €441,517 | ▼ 1.8% |
| Amounts receivable within one year40/41 | €17,186 | €10,984 | €56,828 | €45,690 | €211,245 | ▲ 362% |
| Trade receivables40 | €17,186 | €10,984 | €56,828 | €14,587 | €21,574 | ▲ 47.9% |
| Other amounts receivable41 | - | - | - | €31,103 | €189,671 | ▲ 510% |
| Current investments50/53 | - | - | €220,000 | €352,124 | €202,124 | ▼ 42.6% |
| Cash at bank and in hand54/58 | €236,666 | €318,581 | €91,190 | €51,963 | €28,149 | ▼ 45.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €711,403 | €751,046 | €768,459 | €831,302 | €860,599 | ▲ 3.5% |
| Equity10/15 | €410,996 | €487,113 | €508,547 | €658,834 | €591,189 | ▼ 10.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €330,791 | €406,909 | €428,343 | €578,630 | €510,984 | ▼ 11.7% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €324,591 | €400,709 | €422,143 | €572,430 | €504,784 | ▼ 11.8% |
| Profit (loss) carried forward14 | €18,205 | €18,205 | €18,205 | €18,205 | €18,205 | = |
| Amounts payable17/49 | €300,407 | €263,932 | €259,912 | €172,468 | €269,410 | ▲ 56.2% |
| Amounts payable after more than one year17 | €159,244 | €141,453 | €123,029 | €71,695 | €98,014 | ▲ 36.7% |
| Financial debts170/4 | €159,244 | €141,453 | €123,029 | €71,695 | €98,014 | ▲ 36.7% |
| Amounts payable within one year42/48 | €136,553 | €118,757 | €135,741 | €100,773 | €171,396 | ▲ 70.1% |
| Current portion of amounts payable after more than one year42 | €19,752 | €17,790 | €18,257 | €11,809 | €24,075 | ▲ 104% |
| Financial debts43 | - | - | - | €40,000 | - | - |
| Credit institutions430/8 | - | - | - | €40,000 | - | - |
| Trade debts44 | €15,927 | €15,788 | €20,010 | €27,956 | €20,835 | ▼ 25.5% |
| Suppliers440/4 | €15,927 | €15,788 | €20,010 | €27,956 | €20,835 | ▼ 25.5% |
| Advances received on contracts in progress46 | €1,823 | €1,824 | €2,922 | €220 | €4,517 | ▲ 1,952% |
| Taxes, remuneration and social security45 | €60,176 | €56,105 | €33,334 | €20,788 | €31,595 | ▲ 52.0% |
| Taxes450/3 | €60,176 | €56,105 | €31,080 | €15,029 | €23,129 | ▲ 53.9% |
| Remuneration and social security454/9 | - | - | €2,254 | €5,759 | €8,465 | ▲ 47.0% |
| Other amounts payable47/48 | €38,875 | €27,250 | €61,218 | - | €90,375 | - |
| Accrued charges and deferred income492/3 | €4,610 | €3,721 | €1,141 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €137,694 | €103,368 | €82,684 | €150,287 | €22,729 | ▼ 84.9% |
| + Depreciation and write-downs630 | €30,398 | €36,071 | €21,038 | €28,741 | €30,295 | ▲ 5.4% |
| Operating cash flow (approximation) | €168,092 | €139,439 | €103,723 | €179,028 | €53,024 | ▼ 70.4% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | -€9,825 | -€67,851 | ▼ 591% |
| Change in cash | - | €81,915 | -€227,391 | -€39,227 | -€23,814 | ▲ 39.3% |
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
29-09
State Gazette act
Reappointment: Thiery De Nil (director)2 facts ▸
State Gazette act
Reappointment: Thiery De Nil (director)
2 facts ▸
- General meeting, 06-06-2026
- Director reappointment, Thiery De Nil (director)
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €150,287 ▲81.8%
Operating result €211,801, net result €150,287, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €508,547 ▲4.4%
4 profitable years in a row build equity to €508,547.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €90,291
Net result €90,291 after one loss-making year.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Weakest financial yearnet -€17,953
Net result drops to -€17,953, the lowest in the series; recovery starts the following year.
Show earlier events
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Thiery De Nil
CurrentDirector · since 06-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1995
Ground area
682 m²
Building footprint
516 m²
Volume, LiDAR
12,074 m³
Parcel 31338E0103/00_000, Flanders · tallest building 29.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
IMMO DE NIL
since 19952.070.174.790
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31338E0103/00_000 | Flanders | 682 m² | 1 · 516 m² | 29.6 m · 8 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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thiery De Nil |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 11,755 companies in sector 68310 we hold annual accounts for 6,912. 4,400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-01-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454319393
Registered
20-11-2020
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.