Immo-DELCAL
The computed 12-month bankruptcy probability of Immo-DELCAL is 0.3% (very low). The 2024 annual accounts show equity of €4.66M and a net result of €-1.69M. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 55% of 4950 sector peers (fiscal year 2024). The company has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €4.66M |
| Net result | €-1.69M |
| Staff (FTE) | 1 |
| Better than sector | 55% |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.9% | 16.7% | |
| Net result | €-1.69M | €2k | |
| Equity | €4.66M | €27k | |
| Gross operating margin | €145k | €27k | |
| Staff costs | €97k | €20k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-978k |
| Net profit | €-1.69M |
| Cash flow | €-1.48M |
| Staff costs | €97k |
| Income taxes | €120 |
| Dividends | - |
| Total assets | €21.23M |
| Equity | €4.66M |
| Debt | €16.28M |
| of which ≤ 1y | €3.07M |
| of which > 1y | €13.21M |
| Working capital | €10.13M |
| Employees (FTE) | 1.0 |
| 2024 | |
|---|---|
| Current ratio | 4.30 |
| Quick ratio | 0.52 |
| Working capital ratio | 47.7% |
| Solvency | 21.9% |
| Debt / equity | 3.50 |
| Long-term debt ratio | 2.84 |
| Interest coverage | -1.58 |
| Gross margin | - |
| Net margin | - |
| ROA | -8.0% |
| ROE | -36.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €21.23M |
| Fixed assets | 21/28 | €8.03M |
| Tangible fixed assets | 22/27 | €8.03M |
| Financial fixed assets | 28 | €82 |
| Current assets | 29/58 | €13.20M |
| Stocks & contracts in progress | 3 | €11.61M |
| Amounts receivable within one year | 40/41 | €1.57M |
| Cash & bank | 54/58 | €7k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €21.23M |
| Equity | 10/15 | €4.66M |
| Contributions / capital | 10/11 | €818k |
| Reserves | 13 | €656k |
| Accumulated profits (losses) | 14 | €3.18M |
| Provisions & deferred taxes | 16 | €294k |
| Amounts payable | 17/49 | €16.28M |
| Amounts payable after one year | 17 | €13.21M |
| Amounts payable within one year | 42/48 | €3.07M |
| Trade debts payable within one year | 44 | €1.07M |
| Income statement | ||
| Gross operating margin | 9900 | €145k |
| Operating result | 9901 | €-1.18M |
| Financial income | 75 | €78k |
| Financial charges | 65 | €620k |
| Result before taxes | 9903 | €-1.72M |
| Income taxes | 67/77 | €120 |
| Net result for the period | 9904 | €-1.69M |
| Result to be appropriated | 9905 | €-1.62M |
| NACE primary | Real estate activities(68201) |
| Legal form | Public limited company(014) |
| Incorporation | 09-06-1982 |
| Status | Active |
| Postal code | 1000 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K1165/00H000 | Brussels | 529 m² | 1 · 516 m² | 24.1 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
14-11-2024 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles
Technical details
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"pub_date": "2024-11-14",
"filing_date": "2024-11-11",
"act_kind_objet": "STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS), DEMISSIONS, NOMINATIONS, DIVERS"
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"decision": {
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"articles_modified": [
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"summary": "Renouvellement du mandat des deux administrateurs existants pour une dur\u00E9e de six ans, expirant \u00E0 l\u0027issue de l\u0027AG ordinaire de 2030.",
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{
"summary": "Nomination de Monsieur ROEMAET Guillaume en tant que troisi\u00E8me administrateur pour une dur\u00E9e de six ans, expirant \u00E0 l\u0027issue de l\u0027AG ordinaire de 2030, \u00E0 titre gratuit.",
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{
"summary": "Autorisation du conseil d\u0027administration \u00E0 d\u00E9cider le paiement des acomptes sur dividendes.",
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"summary": "R\u00E8gles de r\u00E9partition du boni de liquidation entre les actionnaires au prorata du nombre d\u0027actions, avec m\u00E9canismes d\u0027\u00E9quilibre pour les actions non lib\u00E9r\u00E9es de la m\u00EAme fa\u00E7on.",
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"summary": "D\u00E9finition du mode de nomination, de cessation de fonctions et des pouvoirs des administrateurs, incluant la possibilit\u00E9 de d\u00E9mission et de d\u00E9l\u00E9gation.",
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{
"summary": "\u00C9tendue des pouvoirs du conseil d\u0027administration, y compris la d\u00E9l\u00E9gation de la gestion journali\u00E8re \u00E0 des administrateurs-d\u00E9l\u00E9gu\u00E9s qui agissent seuls.",
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},
{
"summary": "D\u00E9signation de l\u0027objet de la soci\u00E9t\u00E9 : n\u00E9goce de biens immobiliers et services connexes, avec une \u00E9num\u00E9ration non limitative.",
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"change_kind": "amended",
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"article_number": "28"
},
{
"summary": "Lieu, jour et heure de l\u0027assembl\u00E9e g\u00E9n\u00E9rale ordinaire : au si\u00E8ge, le premier vendredi du mois de juin \u00E0 18.00 heures.",
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"change_kind": "amended",
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"article_number": "29"
},
{
"summary": "Conditions d\u0027admission \u00E0 l\u0027assembl\u00E9e g\u00E9n\u00E9rale et d\u0027exercice du droit de vote, incluant les droits consultatifs pour certains titres.",
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{
"summary": "Conditions d\u0027exercice du droit de vote \u00E0 l\u0027assembl\u00E9e g\u00E9n\u00E9rale : une action donne droit \u00E0 une voix, et les d\u00E9cisions sont prises \u00E0 la majorit\u00E9 des voix.",
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"shareholder_rights": {
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"liquidation_preference_text": "Apr\u00E8s paiement de toutes les dettes, charges et frais de liquidation, ou apr\u00E8s consignation des montants n\u00E9cessaires \u00E0 cette fin, les liquidateurs r\u00E9partissent l\u2019actif net, en esp\u00E8ces ou en titres, entre les actionnaires au prorata du nombre d\u2019actions qu\u2019ils poss\u00E8dent.",
"voorkeurrecht_rules_changed": false,
"aandelenoverdracht_restrictions_changed": false
},
"voorwerp_change_summary": "La soci\u00E9t\u00E9 a pour objet le n\u00E9goce de tous biens immobiliers, y compris l\u0027achat, la vente, la location, la construction, etc., tant en Belgique qu\u0027\u00E0 l\u0027\u00E9tranger. Elle peut \u00E9galement exercer des services connexes comme l\u0027octroi de pr\u00EAts hypoth\u00E9caires, le placement de fonds et les assurances, et agir comme propri\u00E9taire, n\u00E9gociant, agent, etc.",
"capital_structure_change": null,
"coordinated_text_lineage": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | Immo-DELCAL |