Skip to content

IMMO - DORE

Active
Public limited companyfounded 1991active for 35 yearsRenkoven 3, 3680 Maaseik, BelgiumKBO/BCE: BE 0444.852.985

From the official registers: KBO 35 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

IMMO - DORE has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3.3m and a net result of €694,249. Equity has been growing by about 15% per year since 2019. Its solvency ranks better than 90% of 67 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2026, full format

Latest annual accounts filed

Annual accounts 2026

View at the NBB
Financial year ended
31-03-2026
Filed on
14-09-2026
Format
full format
Reference
2026-00512230
Turnover
€1.1m▲ 12.8%
2025 · €961,860
EBIT margin
80.9%▲ 2.6pp
2025 · 78.4%
Net result
€694,249▲ 16.1%
2025 · €597,779
Working capital
€987,973▲ 75.2%
2025 · €563,944
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result for 2026 is 16% higher than in 2025 and the highest since 2022. It is the fourth rise in a row.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Turnover€1.1m 2026 Operating result€0.9m 2026 Net result€0.7m 2026

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Turnover€0.5m-€0.5m▲ 8.2%€0.7m▲ 18.8%€0.6m▼ 1.6%€0.6m▲ 0.3%€0.9m▲ 33.1%€1.0m▲ 12.6%€1.1m▲ 12.8%
Operating result€0.4m-€0.4m▲ 9.2%€0.5m▲ 16.3%€0.5m▲ 4.6%€0.5m▲ 7.5%€0.7m▲ 33.8%€0.8m▲ 6.4%€0.9m▲ 16.4%
Net result€0.2m-€0.3m▲ 15.8%€0.6mabove the sector's middle half▲ 109%€0.4mabove the sector's middle half▼ 31.6%€0.4mabove the sector's middle half▲ 10.6%€0.6mabove the sector's middle half▲ 33.2%€0.6mabove the sector's middle half▲ 5.0%€0.7m▲ 16.1%
EBIT margin73.2%-73.9%▲ 0.7pp72.3%▼ 1.6pp76.9%▲ 4.6pp82.5%▲ 5.6pp82.9%▲ 0.5pp78.4%▼ 4.6pp80.9%▲ 2.6pp
Equity€1.7m-€2.0m▲ 15.4%€1.6mabove the sector's middle half▼ 23.0%€1.8mabove the sector's middle half▲ 17.1%€2.1mabove the sector's middle half▲ 15.2%€2.5mabove the sector's middle half▲ 17.6%€2.8mabove the sector's middle half▲ 15.3%€3.3m▲ 15.6%
Total assets€2.7m-€2.8m▲ 5.0%€2.2mabove the sector's middle half▼ 23.7%€2.4mabove the sector's middle half▲ 12.1%€2.7mabove the sector's middle half▲ 10.8%€3.1mabove the sector's middle half▲ 16.6%€3.7mwithin the sector's middle half▲ 16.4%€4.0m▲ 9.6%
Debt€1.0m-€0.8m▼ 14.0%€0.6m▼ 25.2%€0.6m▼ 0.6%€0.6m▼ 2.5%€0.7m▲ 12.9%€0.8m▲ 20.1%€0.7m▼ 11.4%
Working capital€0.5m-€0.7m▲ 42.0%€0.6mabove the sector's middle half▼ 10.8%€0.9mabove the sector's middle half▲ 41.7%€1.3mabove the sector's middle half▲ 38.1%€0.2mwithin the sector's middle half▼ 84.3%€0.6mwithin the sector's middle half▲ 185%€1.0m▲ 75.2%
Solvency64.6%-71.0%▲ 6.4pp71.6%above the sector's middle half▲ 0.6pp74.8%above the sector's middle half▲ 3.2pp77.8%above the sector's middle half▲ 3.0pp78.5%above the sector's middle half▲ 0.7pp77.8%above the sector's middle half▼ 0.7pp82.1%▲ 4.2pp
Current ratio3.93-5.53▲ 1.605.51above the sector's middle half▼ 0.025.98above the sector's middle half▲ 0.478.77above the sector's middle half▲ 2.801.85within the sector's middle half▼ 6.932.55within the sector's middle half▲ 0.714.73▲ 2.18
Return on assets (ROA)8.6%-9.5%▲ 0.9pp26.0%above the sector's middle half▲ 16.5pp15.9%above the sector's middle half▼ 10.2pp15.8%above the sector's middle half=18.1%above the sector's middle half▲ 2.3pp16.4%above the sector's middle half▼ 1.8pp17.3%▲ 1.0pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €4.0m
Fixed assets €2.8m ▲ 1.0%
Current assets €1.3m ▲ 35.1%
Equity and liabilities €4.0m
Equity €3.3m ▲ 15.6%
Debt €717,979 ▼ 11.4%
Debt's share of the balance-sheet total falls from 22.2% to 17.9%. Equity is higher and debt is lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€1.0m▲
2025 · €905,424
Cash flow
€846,276▲
2025 · €749,511
Debt to equity
0.22▼
2025 · 0.28
ROE
21.1%▲
2025 · 21.0%
Interest coverage
58.80▲
2025 · 52.48
Debt ≤ 1 year
€264,784▼
2025 · €363,537
Debt > 1 year
€448,892▲
2025 · €442,101
Income taxes
€155,952▲
2025 · €141,505
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Companies with the same profile, two years later

Historical observation

In July 2024, 20,136 companies had the same profile as IMMO - DORE has now. Two years later, 0.2% had gone bankrupt and 95.0% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% was still going

That fits the bankruptcy probability of IMMO - DORE itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,136 companies, not a prediction for IMMO - DORE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 67 lines

Source: Annual accounts 2026 at the NBB, filed on 14-09-2026.

Balance sheet Code20252026
Assets
Total assets20/58€3.7m€4.0m▲
Fixed assets21/28€2.7m€2.8m▲
Tangible fixed assets22/27€2.7m€2.8m▲
Land and buildings22€2.7m€2.8m▲
Current assets29/58€0.9m€1.3m▲
Amounts receivable after more than one year29€0.05m€0▼
Other amounts receivable291€0.05m€0▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€0.02m€0.09m▲
Trade receivables40€0.01m€0.09m▲
Other amounts receivable41€0.006m€0▼
Current investments50/53-€0.9m
Other investments51/53-€0.9m
Cash at bank and in hand54/58€0.9m€0.3m▼
Equity and liabilities
Total equity and liabilities10/49€3.7m€4.0m▲
Equity10/15€2.8m€3.3m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Revaluation surpluses12€0.3m€0.3m=
Reserves13€2.5m€3.0m▲
Non-distributable reserves130/1€0.006m€0.006m=
Legal reserve130€0.006m€0.006m=
Tax-exempt reserves132€0.3m€0.2m▼
Distributable reserves133€2.2m€2.7m▲
Amounts payable17/49€0.8m€0.7m▼
Amounts payable after more than one year17€0.4m€0.4m▲
Financial debts170/4€0.4m€0.4m▲
Other loans174€0.4m€0.4m▲
Amounts payable within one year42/48€0.4m€0.3m▼
Trade debts44€135€0.005m▲
Suppliers440/4€135€0.005m▲
Taxes, remuneration and social security45€0.1m€0.01m▼
Taxes450/3€0.1m€0.01m▼
Other amounts payable47/48€0.2m€0.3m▲
Accrued charges and deferred income492/3€0.004m€0.004m▼
Income statement Code20252026
Operating income70/76A€1.0m€1.1m▲
Turnover70€1.0m€1.1m▲
Other operating income74-€151
Non-recurring operating income76A€0-
Operating charges60/66A€0.2m€0.2m▼
Services and other goods61€0.02m€0.01m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▲
Other operating charges640/8€0.04m€0.04m▲
Operating profit (loss)9901€0.8m€0.9m▲
Financial income75/76B€0.003m€0.03m▲
Recurring financial income75€0.003m€0.03m▲
Income from financial fixed assets750-€0.02m
Income from current assets751-€0.01m
Other financial income752/9€0.003m€0.001m▼
Financial charges65/66B€0.02m€0.05m▲
Recurring financial charges65€0.02m€0.05m▲
Debt charges650€0.02m€0.02m▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-€0.04m
Other financial charges652/9€264€300▲
Profit (loss) for the period before taxes9903€0.7m€0.9m▲
Income taxes67/77€0.1m€0.2m▲
Taxes670/3€0.1m€0.2m▲
Profit (loss) for the period9904€0.6m€0.7m▲
Transfer from tax-exempt reserves789€0.1m€0.3m▲
Transfer to tax-exempt reserves689€0€0.2m▲
Profit (loss) for the period to be appropriated9905€0.7m€0.8m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.7m€0.8m▲
Transfer to equity691/2€0.5m€0.5m▲
To other reserves6921€0.5m€0.5m▲
Profit to be distributed694/7€0.2m€0.3m▲
Directors or managers695€0.2m€0.3m▲

The notes to these accounts have 35 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20192020202120222023202420252026Change
Operating income70/76A---€0.6m€0.6m€0.9m€1.0m€1.1m▲ 12.8%
Turnover70€0.5m€0.5m€0.7m€0.6m€0.6m€0.9m€1.0m€1.1m▲ 12.8%
Other operating income74-------€151-
Non-recurring operating income76A---€0.006m€0€0.002m€0--
Operating charges60/66A---€0.2m€0.1m€0.1m€0.2m€0.2m▼ 0.5%
Services and other goods61---€0.02m€0.01m€0.008m€0.02m€0.01m▼ 19.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m€0.1m€0.1m€0.07m€0.1m€0.2m€0.2m▲ 0.2%
Other operating charges640/8---€0.03m€0.03m€0.04m€0.04m€0.04m▲ 4.7%
Operating profit (loss)9901€0.4m€0.4m€0.5m€0.5m€0.5m€0.7m€0.8m€0.9m▲ 16.4%
Financial income75/76B---€0.002m€0.006m€8€0.003m€0.03m▲ 779%
Recurring financial income75€0.001m€0.004m€0.2m€0.002m€0.006m€8€0.003m€0.03m▲ 779%
Income from financial fixed assets750---€0.002m---€0.02m-
Income from current assets751----€0.006m€0-€0.01m-
Other financial income752/9-----€8€0.003m€0.001m▼ 69.8%
Financial charges65/66B---€0.02m€0.02m€0.02m€0.02m€0.05m▲ 213%
Recurring financial charges65€0.04m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.05m▲ 213%
Debt charges650€0.04m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m€0.02m▲ 1.5%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651-------€0.04m-
Other financial charges652/9---€0.001m€0.001m€276€264€300▲ 13.7%
Profit (loss) for the period before taxes9903€0.3m€0.4m€0.7m€0.5m€0.5m€0.7m€0.7m€0.9m▲ 15.0%
Income taxes67/77€0.1m€0.1m€0.1m€0.09m€0.09m€0.1m€0.1m€0.2m▲ 10.2%
Taxes670/3---€0.09m€0.09m€0.1m€0.1m€0.2m▲ 10.2%
Profit (loss) for the period9904€0.2m€0.3m€0.6m€0.4m€0.4m€0.6m€0.6m€0.7m▲ 16.1%
Transfer from tax-exempt reserves789---€0.04m€0.08m€0.1m€0.1m€0.3m▲ 91.8%
Transfer to tax-exempt reserves689---€0.2m€0€0.1m€0€0.2m-
Profit (loss) for the period to be appropriated9905€0.1m€0.2m€0.4m€0.2m€0.5m€0.6m€0.7m€0.8m▲ 4.4%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€2.7m€2.8m€2.2m€2.4m€2.7m€3.1m€3.7m€4.0m▲ 9.6%
Fixed assets21/28€2.0m€2.0m€1.4m€1.3m€1.3m€2.7m€2.7m€2.8m▲ 1.0%
Tangible fixed assets22/27€1.9m€1.9m€1.4m€1.3m€1.3m€2.7m€2.7m€2.8m▲ 1.0%
Land and buildings22---€1.3m€1.3m€2.7m€2.7m€2.8m▲ 1.0%
Plant, machinery and equipment23---€0-----
Assets under construction and advance payments27----€0.003m€0---
Financial fixed assets28€0.1m€0.1m€0------
Current assets29/58€0.7m€0.9m€0.8m€1.1m€1.4m€0.4m€0.9m€1.3m▲ 35.1%
Amounts receivable after more than one year29---€0.1m€0.07m€0.05m€0.05m€0▼ 100%
Other amounts receivable291---€0.1m€0.07m€0.05m€0.05m€0▼ 100%
Stocks and contracts in progress3-€0€0€0€0€0€0€0-
Amounts receivable within one year40/41€0.02m€0.03m€0.05m€0.1m€0.05m€0.02m€0.02m€0.09m▲ 475%
Trade receivables40---€0.08m€0-€0.01m€0.09m▲ 789%
Other amounts receivable41---€0.02m€0.05m€0.02m€0.006m€0▼ 100%
Current investments50/53-------€0.9m-
Other investments51/53-------€0.9m-
Cash at bank and in hand54/58€0.5m€0.7m€0.6m€0.8m€1.3m€0.4m€0.9m€0.3m▼ 67.3%
Deferred charges and accrued income490/1---€0.06m€0.005m€0---
Equity and liabilities
Total equity and liabilities10/49€2.7m€2.8m€2.2m€2.4m€2.7m€3.1m€3.7m€4.0m▲ 9.6%
Equity10/15€1.7m€2.0m€1.6m€1.8m€2.1m€2.5m€2.8m€3.3m▲ 15.6%
Contributions10/11€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Revaluation surpluses12---€0.3m€0.3m€0.3m€0.3m€0.3m=
Reserves13€1.2m€1.4m€1.2m€1.5m€1.8m€2.1m€2.5m€3.0m▲ 17.7%
Non-distributable reserves130/1---€0.006m€0.006m€0.006m€0.006m€0.006m=
Legal reserve130---€0.006m€0.006m€0.006m€0.006m€0.006m=
Tax-exempt reserves132---€0.5m€0.5m€0.5m€0.3m€0.2m▼ 23.1%
Distributable reserves133---€1.0m€1.3m€1.7m€2.2m€2.7m▲ 23.6%
Amounts payable17/49€1.0m€0.8m€0.6m€0.6m€0.6m€0.7m€0.8m€0.7m▼ 11.4%
Amounts payable after more than one year17€0.8m€0.7m€0.5m€0.4m€0.4m€0.4m€0.4m€0.4m▲ 1.5%
Financial debts170/4---€0.4m€0.4m€0.4m€0.4m€0.4m▲ 1.5%
Credit institutions173---€0-----
Other loans174---€0.4m€0.4m€0.4m€0.4m€0.4m▲ 1.5%
Amounts payable within one year42/48€0.2m€0.2m€0.1m€0.2m€0.2m€0.2m€0.4m€0.3m▼ 27.2%
Current portion of amounts payable after more than one year42---€0.05m€0----
Trade debts44-€44€0.01m€0.006m€0.01m€151€135€0.005m▲ 36×
Suppliers440/4---€0.006m€0.01m€151€135€0.005m▲ 36×
Taxes, remuneration and social security45---€0.007m€0.002m€0.03m€0.1m€0.01m▼ 93.1%
Taxes450/3---€0.007m€0.002m€0.03m€0.1m€0.01m▼ 93.1%
Other amounts payable47/48---€0.1m€0.2m€0.2m€0.2m€0.3m▲ 13.6%
Accrued charges and deferred income492/3---€0.005m€0.005m€0.005m€0.004m€0.004m▼ 2.8%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€0.2m€0.3m€0.6m€0.4m€0.4m€0.6m€0.6m€0.7m▲ 16.1%
+ Depreciation and write-downs630€0.1m€0.1m€0.1m€0.1m€0.07m€0.1m€0.2m€0.2m▲ 0.2%
Operating cash flow (approximation)€0.3m€0.4m€0.7m€0.5m€0.5m€0.7m€0.7m€0.8m▲ 12.9%
Investment in fixed assets (approximation)--€0.04m€0.5m-€0.05m-€0.003m-€1.5m-€0.2m-€0.2m▼ 5.4%
Change in cash-€0.2m-€0.05m€0.2m€0.5m-€0.9m€0.5m-€0.6m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 full format 14-09-2026 2026-00512230 NBB
31-03-2025 full format 06-08-2025 2025-00368400 PDF
31-03-2024 full format 26-07-2024 2024-00294430 PDF
31-03-2023 full format 13-10-2023 2023-00486366 PDF
31-03-2022 full format 18-07-2022 2022-20195206 PDF
31-03-2021 full format 17-09-2021 2021-67800020 PDF
31-03-2020 full format 03-09-2020 2020-51500247 PDF
31-03-2019 full format 12-09-2019 2019-64200381 PDF
31-03-2018 full format 18-09-2018 2018-63400464 PDF
31-03-2017 abbreviated format 12-09-2017 2017-60800080 PDF

Show all 35 filings

Comparable companies

These companies have the same main activity as IMMO - DORE: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €1.2m and €5.5m, founded between 1978 and 2004.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
IMMO - DORE Maaseik1991€4.0m€3.3m-€1.1m€0.7m-2026
Arus Gent2004€1.7m€0.5m€0.3m€0.9m€0.07m-2024
LUCAN Wommelgem1978€1.2m€1.2m€0.9m€1.1m€0.08m10.92025
WEYGERS TOTALE PROJECTINRICHTING Hasselt1986€5.5m€1.4m€3.6m-€0.08m46.32025
EERDEKENS EN WILLEMS Bocholt1988€2.7m€2.4m€0.5m-€0.2m22025
ALNA INVEST Hasselt1984€2.6m€0.5m€0.8m-€0.5m-2025
VR GEBROEDERS VERDUYCKT Bocholt2000€2.8m€1.8m€1.2m-€0.1m14.22025

They were chosen from the 2,275 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.