IMMO - DES
ActiveSummary
IMMO - DES is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€29,466) and a net result of €33,081. Equity is shrinking by ~76.5% per year across the filed fiscal years. Its solvency ranks better than 6% of 8211 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 8211 sector peers (2025).
NBB · sector comparisonPosition among 8211 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 14-04-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
71 d early
2023
62 d early
2022
130 d early
2021
75 d early
2020
65 d early
2019
64 d early
← 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 69 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 18 February (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Beernem, Finance and insurance sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
-€29,466▲ 52.9%
2024 · -€62,546
Net result
€33,081
2024 · -€12,959
Total assets
€290,927▲ 104%
2024 · €142,373
Solvency
-10.1%▲ 33.8pp
2024 · -43.9%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€30,285▼ 14.2%-€21,857▲ 27.8%-€25,544▼ 16.9%-€12,837▲ 49.7%€35,065
Net result-€30,619below the sector's middle half▼ 12.5%-€20,826below the sector's middle half▲ 32.0%-€25,745below the sector's middle half▼ 23.6%-€12,959below the sector's middle half▲ 49.7%€33,081within the sector's middle half
Equity-€3,016below the sector's middle half-€23,842below the sector's middle half▼ 691%-€49,587below the sector's middle half▼ 108%-€62,546below the sector's middle half▼ 26.1%-€29,466below the sector's middle half▲ 52.9%
Total assets€255,766within the sector's middle half▼ 30.6%€195,236within the sector's middle half▼ 23.7%€187,459within the sector's middle half▼ 4.0%€142,373within the sector's middle half▼ 24.1%€290,927within the sector's middle half▲ 104%
Debt€258,782▼ 24.0%€219,078▼ 15.3%€237,046▲ 8.2%€204,920▼ 13.6%€320,393▲ 56.4%
Working capital-€76,865below the sector's middle half▼ 20.4%-€91,405below the sector's middle half▼ 18.9%-€127,507below the sector's middle half▼ 39.5%-€139,064below the sector's middle half▼ 9.1%-€121,204below the sector's middle half▲ 12.8%
Solvency-1.2%below the sector's middle half▼ 8.7pp-12.2%below the sector's middle half▼ 11.0pp-26.5%below the sector's middle half▼ 14.2pp-43.9%below the sector's middle half▼ 17.5pp-10.1%below the sector's middle half▲ 33.8pp
Current ratio0.70within the sector's middle half▼ 0.110.58below the sector's middle half▼ 0.120.46below the sector's middle half▼ 0.120.32below the sector's middle half▼ 0.140.35below the sector's middle half▲ 0.03
Return on assets (ROA)-12.0%below the sector's middle half▼ 4.6pp-10.7%below the sector's middle half▲ 1.3pp-13.7%below the sector's middle half▼ 3.1pp-9.1%below the sector's middle half▲ 4.6pp11.4%within the sector's middle half▲ 20.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €35,065 after a loss of €12,837 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290,927
Fixed assets
€225,690 ▲ 195%
Current assets
€65,237 ▼ 0.9%
Equity and liabilities
Equity-€29,466
Debt€320,393
Equity is negative: debt (€320,393) exceeds the balance-sheet total (€290,927).
Key figures and ratios
Debt ≤ 1 year
€186,441▼
2024 · €204,920
Debt > 1 year
€133,952
Income taxes
€19▼
2024 · €55
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,350 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,596 | €6,286 | €759 | €1,402 | €1,328 | ▼ 5.3% |
| Other operating charges640/8 | - | €628 | €708 | €781 | €2,103 | ▲ 169% |
| Gross operating margin9900 | -€10,704 | -€14,943 | -€24,077 | -€10,653 | €38,496 | ▲ 461% |
| Operating profit (loss)9901 | -€30,285 | -€21,857 | -€25,544 | -€12,837 | €35,065 | ▲ 373% |
| Financial income75/76B | - | €1,426 | €1 | €0 | €5 | - |
| Recurring financial income75 | €0 | €1,426 | €1 | €0 | €5 | - |
| Financial charges65/66B | - | €345 | €152 | €68 | €1,971 | ▲ 2,805% |
| Recurring financial charges65 | €284 | €345 | €152 | €68 | €1,971 | ▲ 2,805% |
| Profit (loss) for the period before taxes9903 | -€30,569 | -€20,776 | -€25,695 | -€12,904 | €33,100 | ▲ 356% |
| Income taxes67/77 | €50 | €50 | €51 | €55 | €19 | ▼ 65.5% |
| Profit (loss) for the period9904 | -€30,619 | -€20,826 | -€25,745 | -€12,959 | €33,081 | ▲ 355% |
| Profit (loss) for the period to be appropriated9905 | -€30,619 | -€20,826 | -€25,745 | -€12,959 | €33,081 | ▲ 355% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €255,766 | €195,236 | €187,459 | €142,373 | €290,927 | ▲ 104% |
| Fixed assets21/28 | €73,849 | €67,563 | €77,920 | €76,518 | €225,690 | ▲ 195% |
| Tangible fixed assets22/27 | €73,849 | €67,563 | €77,920 | €76,518 | €75,190 | ▼ 1.7% |
| Land and buildings22 | - | €67,563 | €77,920 | €76,518 | €75,190 | ▼ 1.7% |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €150,500 | - |
| Current assets29/58 | €181,917 | €127,673 | €109,539 | €65,855 | €65,237 | ▼ 0.9% |
| Stocks and contracts in progress3 | €396 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €57,283 | €1,966 | €587 | €4,507 | €63,161 | ▲ 1,301% |
| Trade receivables40 | - | €1,737 | €391 | €470 | €61,432 | ▲ 12,958% |
| Other amounts receivable41 | - | €228 | €196 | €4,036 | €1,729 | ▼ 57.2% |
| Cash at bank and in hand54/58 | €123,622 | €125,061 | €108,251 | €61,300 | €2,076 | ▼ 96.6% |
| Deferred charges and accrued income490/1 | - | €646 | €701 | €49 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €255,766 | €195,236 | €187,459 | €142,373 | €290,927 | ▲ 104% |
| Equity10/15 | -€3,016 | -€23,842 | -€49,587 | -€62,546 | -€29,466 | ▲ 52.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €9,011 | €9,011 | €9,011 | €9,011 | €9,011 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | - | €7,152 | €7,152 | €9,011 | €9,011 | = |
| Profit (loss) carried forward14 | -€30,619 | -€51,445 | -€77,190 | -€90,149 | -€57,069 | ▲ 36.7% |
| Amounts payable17/49 | €258,782 | €219,078 | €237,046 | €204,920 | €320,393 | ▲ 56.4% |
| Amounts payable after more than one year17 | - | - | - | - | €133,952 | - |
| Financial debts170/4 | - | - | - | - | €133,952 | - |
| Amounts payable within one year42/48 | €258,782 | €219,078 | €237,046 | €204,920 | €186,441 | ▼ 9.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12,894 | - |
| Trade debts44 | €2,686 | €4,356 | €571 | €1,214 | €6,953 | ▲ 473% |
| Suppliers440/4 | - | €4,356 | €571 | €1,214 | €6,953 | ▲ 473% |
| Taxes, remuneration and social security45 | - | - | - | - | €2 | - |
| Taxes450/3 | - | - | - | - | €2 | - |
| Other amounts payable47/48 | - | €214,722 | €236,475 | €203,705 | €166,593 | ▼ 18.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,619 | -€20,826 | -€25,745 | -€12,959 | €33,081 | ▲ 355% |
| + Depreciation and write-downs630 | €17,596 | €6,286 | €759 | €1,402 | €1,328 | ▼ 5.3% |
| Operating cash flow (approximation) | -€13,024 | -€14,540 | -€24,987 | -€11,557 | €34,409 | ▲ 398% |
| Investment in fixed assets (approximation) | - | €0 | -€11,116 | €0 | -€150,500 | - |
| Change in cash | - | €1,439 | -€16,811 | -€46,951 | -€59,224 | ▼ 26.1% |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €33,081
Net result €33,081 after 5 loss-making years.
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€30,619
Net result drops to -€30,619, the lowest in the series; recovery starts the following year.
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beernem · 1 establishment unit since 1998
Ground area
4,564 m²
Building footprint
580 m²
Volume, LiDAR
3,669 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zandstraat 172, 8200 Brugge
since 19982.088.557.181
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003D0058/00V000 | Flanders | 3,109 m² | 1 · 463 m² | 7.6 m · 2 fl. |
| 31425C0217/00B002 | Flanders | 1,456 m² | 1 · 116 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 186 companies in this sector we hold annual accounts for 138. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded13-08-1998
Fiscal year end30-09
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
64910Financial service activities, except insurance and pension funding
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47300Retail sale of automotive fuel
77229Renting and leasing of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463982474
Also
9925:BE0463982474
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Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.