Equity
€158,168 ▲ 1.4%
Immo De Ras paid out €200,000 in dividends. That is 31% of the 2025 profit.
Immo De Ras
Lifetime
4 annual accounts with figures on one time axisGross marginpeak €1.3m (2025)
€1.3m▲ 57.0%
Resultpeak €647,145 (2025)
€647,145▲ 195%
Equitypeak €186,912 (2022)
€158,168▲ 1.4%
Debts
€3.3m▲ 14.2%
Staffpeak 8.9 FTE (2025)
8.9 FTE▲ 14.1%
Board8 names since 2022
6 directorsBV DR CONSTRUCT and 5 others
Owners
100%HIDR 2.0
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Gross margin from €853,824 to €1.3mResult from €219,296 to €647,145Staff from 7.8 FTE to 8.9 FTEDividend €200,000
Key points
from the 2025 annual accountsResult
€647,145 ▲ 195%
The result rose in 2025 from €219,296 to €647,145.
Turnover
≈ €1.6m estimated
The abbreviated format states no turnover.
Debts
€3.3m 95% of the balance sheet
Financial debts 0%Suppliers 29%Taxes and wages 4%Other 68%
Filings
4 annual accounts 2 late
The 2022 accounts came latest: 88 days after the end of the period.
Position in the sector
€647,145
Higher net result than 95% of companies in real estate. Sector median €10,001 · 11,262 companies.
Checked score
86
Excellent
Financially stronger than 53% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,628 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%highest value
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.5%▼ -0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.4%▼ -0.1 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.3%▼ -0.1 percentage points vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026lowest value
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €158,168 (4.5% of total assets)
1 of the last 3 accounts late
lowers risk
Sector: Real estate activities (NACE 68)
Liquidity: current ratio 1.03, cash €2.6m
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 25% of them on solvency, 49% on liquidity, 87% on profitability and 50% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as Immo De Ras has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Immo De Ras itself is lower: 0.3% within 12 months. It rests on far more data about Immo De Ras 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 De Ras. 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.
Credit verdict
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.03 (1.02 in 2024), below the usual 1.5. Short-term debt is 95.5% and cash 74% of total assets. 95.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 11271 sector peers (2025).
NBB · sector comparisonPosition among 11271 sector peers
Solvency
better than 23%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €158,168
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 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 days early
2024
7 days early
2023
60 days late
2022
88 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 34 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (3 of the last 4 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BD
BV DR CONSTRUCT
Managing director
- HIDR 2.0 100%score 93equity €566,373 (2025) · 2025 annual accounts of HIDR 2.0
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0786241913
New establishment in Herzele
Provincieweg 491A
5 directors appointed
BV FLOBERTUS, BV DE CORTE S. CONSULTING, BV MONTEKRISTO, BV DE RAS & CO and BV DR CONSTRUCT · Permanent representatives: Sam Flobert, Stephanie De Corte, Kristoff De Nul, Lynn De Ras and Koen De Mulder · General meeting of 18-07-2022 · Gazette deed
Permanent representatives: DE MULDER Koen Valère Elisabeth and DE RAS Lynn
DE MULDER Koen Valère Elisabeth holds 93 shares · DE RAS Lynn holds 93 shares · General meeting of 13-07-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Immo De Ras Lede | €3.5m | €1.3m | 4.5% | 8.9 |
| Perspective Groupe Oupeye | €2.5m | €0.8m | 52.2% | 10 |
| ERA SERVIMO OOSTKUST Knokke-Heist | €3.8m | €0.7m | -3.1% | 7.3 |
| Era Innova Dilbeek | €3.5m | €1.2m | 15.2% | 12.6 |
| DEWAELE VASTGOED LIMBURG Maaseik | €1.5m | €1.0m | -57.5% | 10.8 |
| EV MMC BELGIUM Uccle | €2.5m | €0.9m | -100.6% | 13.2 |
| Irres Sint-Martens-Latem | €1.4m | €0.9m | 66.8% | 5.3 |
These companies have the same main activity as Immo De Ras: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.4m and €3.8m, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 16-05-2022Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 3 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2024
- Establishment units
- 2.331.690.9489340 Lede, since 16-05-2022
- 2.332.393.6059230 Wetteren, since 01-06-2022and 1 other
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Annual accounts 2025
- Total assets
- €3.5m▲ 13.6%
- Employeeson 31-12-2025
- 10=
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on Immo De Ras
Immo De Ras files the abbreviated format. That format states no turnover. The gross margin rose from €885,283 in 2022 to €1.3m in 2025.
HIDR 2.0 holds all the shares. In August 2022, the Official Gazette published the appointment of BV DR CONSTRUCT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Immo De Ras
- What is the company number of Immo De Ras?
- The company number of Immo De Ras is 0786.241.913. The VAT number is the same number with BE in front: BE 0786.241.913.
- Where is Immo De Ras based?
- The registered office is at Hoogstraat 20, 9340 Lede.Company details
- What does Immo De Ras do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of Immo De Ras?
- Immo De Ras is a private limited company (BV).
- When was Immo De Ras founded?
- Immo De Ras was founded on 16-05-2022.
- Is Immo De Ras still active?
- Yes, Immo De Ras is an active enterprise in the KBO register.
- How many employees does Immo De Ras have?
- Immo De Ras had an average of 8.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Immo De Ras fall under?
- In its 2024 annual accounts, Immo De Ras states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of Immo De Ras?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €1.3m and 147 comparable companies (NACE 68). It probably lies between €1.3m and €2.1m.
- Is Immo De Ras profitable?
- In financial year 2025, Immo De Ras made a profit of €647,145.
- Where can I find the annual accounts of Immo De Ras?
- Immo De Ras filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Immo De Ras due?
- Immo De Ras must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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