Immo De Specht
ActiveImmo De Specht has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €26k. Equity is growing by ~45% per year across the filed fiscal years. Its solvency ranks better than 49% of 13935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+1
Solvency53▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.8 in 2024; short-term debt: 9% and cash: 3.6% of total assets), and 71.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
28.5%
Return on assets
6.6%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
6 d early
2022
on the day
2021
on the day
2020
27 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 30.2%
2024 · €88k
2020: €-2k
2021: €19k
2022: €40k
2023: €63k
2024: €88k
2020 → 2025
Total assets
€401k▼ 1.4%
2024 · €406k
2020: €450k
2021: €457k
2022: €436k
2023: €437k
2024: €406k
2020 → 2025
Net result
€26k▲ 8.2%
2024 · €24k
2020: €-7k
2021: €21k
2022: €21k
2023: €23k
2024: €24k
2020 → 2025
Working capital
€-5k▲ 9.4%
2024 · €-6k
2020: €-13k
2021: €3k
2022: €-12k
2023: €6k
2024: €-6k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€40k▲ 111%€63k▲ 58.9%€88k▲ 38.7%€114k▲ 30.2%
Operating result€28k-€31k▲ 10.1%€34k▲ 10.3%€38k▲ 11.0%€41k▲ 7.1%
Net result€21k-€21k▲ 2.1%€23k▲ 12.0%€24k▲ 4.4%€26k▲ 8.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €401k
Fixed assets
€370k▼ 3.7%
Current assets
€31k▲ 37.8%
Equity and liabilities €401k
Equity
€114k▲ 30.2%
Debt
€287k▼ 10.1%
The debt ratio falls from 78.4% to 71.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€55k▲
2024 · €52k
Cash flow
€41k▲
2024 · €39k
Solvency
28.5%▲
2024 · 21.6%
Current ratio
0.86▲
2024 · 0.80
Quick ratio
0.86▲
2024 · 0.80
Debt / equity
2.51▼
2024 · 3.64
ROE
23.2%▼
2024 · 27.9%
ROA
6.6%▲
2024 · 6.0%
Interest coverage
35.16▲
2024 · 28.80
Debt
€287k▼
2024 · €319k
Debt ≤ 1 year
€36k▲
2024 · €28k
Debt > 1 year
€251k▼
2024 · €291k
Income taxes
€13k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€406k€401k▼
Fixed assets21/28€384k€370k▼
Tangible fixed assets22/27€384k€370k▼
Land and buildings22€384k€370k▼
Current assets29/58€22k€31k▲
Cash at bank and in hand54/58€15k€15k▼
Deferred charges and accrued income490/1€7k€16k▲
Equity and liabilities
Total equity and liabilities10/49€406k€401k▼
Equity10/15€88k€114k▲
Contributions10/11€5k€5k=
Reserves13€83k€109k▲
Distributable reserves133€83k€109k▲
Amounts payable17/49€319k€287k▼
Amounts payable after more than one year17€291k€251k▼
Financial debts170/4€291k€251k▼
Amounts payable within one year42/48€28k€36k▲
Current portion of amounts payable after more than one year42€20k€20k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€3k€8k▲
Other amounts payable47/48€4k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k=
Other operating charges640/8€4k€4k▲
Gross operating margin9900€57k€59k▲
Operating profit (loss)9901€38k€41k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€36k€39k▲
Income taxes67/77€12k€13k▲
Profit (loss) for the period9904€24k€26k▲
Profit (loss) for the period to be appropriated9905€24k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€26k▲
Transfer to equity691/2€24k€26k▲
To other reserves6921€24k€26k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €26k ▲8.2%
Operating result €41k, net result €26k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲30.2%
5 profitable years in a row build equity to €114k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.11
Current ratio from 0.40 to 1.11.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lennik · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Steenstraat 581750 LennikGround area
3,100 m²
Building footprint
113 m²
Volume, LiDAR
787 m³
Parcel 23075C0220/00D000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Immo De Specht
since 20202.299.953.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23075C0220/00D000 | Flanders | 3,100 m² | 1 · 113 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,380. 3,757 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2020
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:dirk.verspecht@proximedia.be
Phone:+32474668165