IMMO DEM
ActiveIMMO DEM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-30k) and a net result of €-36k. Equity is shrinking by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
0
/ 100
Critical▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▲+33
Solvency33▲+32
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.0 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 68
lower
← 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
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
-7.6%
Return on assets
-8.9%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€30k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
63 d late
2023
44 d late
2022
92 d late
2021
66 d late
2020
60 d late
2019
55 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€11k
EBIT margin
-307.4%
Net result
€-36k▼ 4.5%
2024 · €-34k
2018: €-27k
2019: €-18k
2020: €-13k
2021: €-11k
2022: €-8k
2023: €-43k
2024: €-34k
2018 → 2025
Working capital
€-376k▼ 4.0%
2024 · €-362k
2018: €-367k
2019: €-365k
2020: €-355k
2021: €-343k
2022: €-328k
2023: €-349k
2024: €-362k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11k
Equity€90k-€83k▼ 8.4%€40k▼ 51.8%€5k▼ 86.4%€-30k
Operating result€-8k-€-5k▲ 37.4%€-41k▼ 690%€-32k▲ 20.2%€-34k▼ 5.4%
Net result€-11k-€-8k▲ 30.2%€-43k▼ 468%€-34k▲ 19.6%€-36k▼ 4.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €34k in 2025 against €32k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €403k
Fixed assets
€401k▼ 7.4%
Current assets
€2k▲ 58.5%
Key figures and ratios
EBITDA
€-2k▼
2024 · €-470
Cash flow
€-4k▼
2024 · €-2k
Solvency
-7.6%▼
2024 · 1.3%
Current ratio
0.01▲
2024 · 0.00
Quick ratio
0.01▲
2024 · 0.00
Debt / equity
-14.22▼
2024 · 78.92
ROE
117.8%▲
2024 · -633.0%
ROA
-8.9%▼
2024 · -7.9%
Interest coverage
-1.21▼
2024 · -0.23
Debt
€434k▲
2024 · €429k
Debt ≤ 1 year
€379k▲
2024 · €363k
Debt > 1 year
€55k▼
2024 · €65k
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€434k€403k▼
Fixed assets21/28€433k€401k▼
Tangible fixed assets22/27€433k€401k▼
Land and buildings22€433k€401k▼
Current assets29/58€1k€2k▲
Amounts receivable within one year40/41€134€111▼
Trade receivables40€134€111▼
Cash at bank and in hand54/58€594€1k▲
Deferred charges and accrued income490/1€724€748▲
Equity and liabilities
Total equity and liabilities10/49€434k€403k▼
Equity10/15€5k€-30k▼
Contributions10/11€90k€90k=
Capital10€90k€90k=
Issued capital100€90k€90k=
Revaluation surpluses12€209k€209k=
Reserves13€116k€116k=
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€107k€107k=
Profit (loss) carried forward14€-410k€-446k▼
Amounts payable17/49€429k€434k▲
Amounts payable after more than one year17€65k€55k▼
Financial debts170/4€65k€55k▼
Amounts payable within one year42/48€363k€379k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44-€2k
Suppliers440/4-€2k
Other amounts payable47/48€353k€367k▲
Income statement
Code20242025
Turnover70-€11k
Goods, raw materials, services and sundry goods60/61-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k=
Other operating charges640/8€6k€6k▲
Gross operating margin9900€6k€4k▼
Operating profit (loss)9901€-32k€-34k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-34k€-36k▼
Profit (loss) for the period9904€-34k€-36k▼
Profit (loss) for the period to be appropriated9905€-34k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-410k€-446k▼
Profit (loss) brought forward from the previous period14P€-375k€-410k▼
The notes to these accounts (4 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
02-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 63 days late
2024
13-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 44 days late
2023
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
07-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 68 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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 · 1 establishment unit since 1993
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.
Notelaarstraat 208-2101030 SchaarbeekGround area
494 m²
Building footprint
486 m²
Volume, LiDAR
2,715 m³
Parcel 21905C0020/00M005, Brussels · tallest building 16.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO-DEM SA
since 19932.062.163.382
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0020/00M005 | Brussels | 494 m² | 1 · 486 m² | 16.2 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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IMMO HTKS
BE 0770.616.696
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IMC GROUP
BE 1020.209.673
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ZAZOU.IMMO
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 1,133 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-1993
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.