Active BE 0684.833.262Private limited company

IMMO DEVELOPMENT DAVID

Renbaanlaan 66 ·1050 Elsene, Belgium· 8 yrs active

Sector: Handel in eigen onroerend goed (68110)

Conclusion Checked

IMMO DEVELOPMENT DAVID has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-53k) and a net result of €117k. Equity is growing by ~29.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-53k
Net result	€117k
Active	8 yrs
Board	1

Financial profile 5 of 5 axes measured · computed by Checked

55 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 28

Profitability 0

Solvency 67

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2017, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

28 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~29.5%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

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).

Net profit

€117k

- 23-25

Total assets

€2.17M

+22.7% 23-25

Equity

€-53k

+69.0% 23-25

Working capital

€1.29M

+52.0% 23-25

Debt

€2.22M

+14.7% 23-25

Debt ≤ 1y

€882k

-4.3% 23-25

Debt > 1y

€1.34M

+31.9% 23-25

Current ratio

2.46

+28.2% 23-25

Quick ratio

0.03

+190.1% 23-25

Solvency

-2.4%

+74.7% 23-25

Debt / equity

-42.24

-269.6% 23-25

ROE

-222.3%

- 23-25

ROA

5.4%

- 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro schema
Revenue	-
EBITDA	-
Net profit	€117k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€2.17M
Equity	€-53k
Debt	€2.22M
of which ≤ 1y	€882k
of which > 1y	€1.34M
Working capital	€1.29M
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	2.46
Quick ratio	0.03
Working capital ratio	59.3%
Solvency	-2.4%
Debt / equity	-42.24
Long-term debt ratio	-25.47
Interest coverage	-
Gross margin	-
Net margin	-
ROA	5.4%
ROE	-222.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Full annual accounts (19 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.17M
Current assets	29/58	€2.17M
Stocks & contracts in progress	3	€2.14M
Amounts receivable within one year	40/41	€25k
Investments	50/53	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.17M
Equity	10/15	€-53k
Contributions / capital	10/11	€100k
Accumulated profits (losses)	14	€-153k
Amounts payable	17/49	€2.22M
Amounts payable after one year	17	€1.34M
Amounts payable within one year	42/48	€882k
Trade debts payable within one year	44	€10k
Income statement
Gross operating margin	9900	€156k
Operating result	9901	€144k
Financial charges	65	€27k
Result before taxes	9903	€117k
Net result for the period	9904	€117k
Result to be appropriated	9905	€117k

Directors & mandates 1 directors

Current directors & mandates

ZAPISEK Wojciech
Director
State Gazette act 23424613 (10-11-2023)

Current
10-11-2023 → present
2 events
- 10-11-2023 Resigned· Manager
- 10-11-2023 Appointed· Director

Legal Structure

NACE primary	Handel in eigen onroerend goed(68110)
Legal form	Private limited company(610)
Incorporation	20-11-2017
Status	Active
Postal code	1050

Establishment units 1 location

IDD

Tweetorenstraat 19/21, 1210 Sint-Joost-ten-NodeHandel in eigen onroerend goed

since 20172.270.053.584

Real-estate footprint Source: CBE × cadastre

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21443C0190/00Y012	Brussels	368 m²	1 · 111 m²	18.9 m · 5 fl.
21572B0080/00A005	Brussels	213 m²	1 · 277 m²	18.7 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 9 events

All 9 NBB filing 8 State Gazette act 1

2019 2019: 1 NBB filing 2020 2020: 1 NBB filing 2021 2021: 1 NBB filing 2022 2022: 1 NBB filing 2023 2023: 1 State Gazette act, 1 NBB filing 2024 2024: 1 NBB filing 2025 2025: 1 NBB filing 2026 2026: 1 NBB filing

2026

31-08-2026 NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

28-07-2025 NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-05-2024 NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

10-11-2023 State Gazette act Director changes

David INDEKEU

12-04-2023 NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

07-07-2022 NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

04-05-2021 NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

12-06-2020 NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

06-06-2019 NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

10-11-2023 2 directors appointed, 1 resigning Director changes·David INDEKEU

ZAPISEK Wojciech, Bestuurder
CORPOCONSULT, Vaste vertegenwoordiger
ZAPISEK Wojciech, Zaakvoerder

Notary: David INDEKEU · Bruxelles

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Handel in eigen onroerend goed68110Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten68122

Names & trade names

Legal nameFR

IMMO DEVELOPMENT DAVID

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