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IMMO DVM

Active
Private limited companyfounded 2009active for 17 yearsChemin des Baraques 44, 1410 Waterloo, BelgiumKBO/BCE: BE 0809.005.338
Summary

IMMO DVM has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€309,773) and a net result of €177,641. Equity is shrinking by about 3.9% per year across the filed financial years. Its solvency ranks better than 5% of 38,983 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€293,462total assets 2025
Equity
-€309,773
Profit
€177,641
Turnover not published (micro format)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts 36 days early1 of 3 deeds read
Why 55raises riskCapped at 59: negative equityNegative equity -€309,773Liquidity: current ratio 0.01, cash €6,078, halvedlowers riskSize: total assets €293,462Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 41% of its sector peers (NACE 70, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -105.6% of total assets
Liquidity 3-2
short-term debt 179.9% · cash 2.1%
Profitability 100+89
return on assets 60.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,380 companies, NACE 70, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.5%▼ -0.1 percentage points vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.5%▼ -0.1 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026 09-2026: 0.8%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.3%▼ -0.5 percentage points vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.01, compared with 0.02 in 2024, below 1; short-term debt: 179.9% and cash: 2.1% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 3% on solvency, 3% on liquidity, 84% on profitability and 75% on growth.

The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €293,462
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€309,773
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Liquidity: current ratio 0.01, cash €6,078, halved
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 38983 sector peers (2025).
NBB · sector comparison
Position among 38983 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
29 days early
2023
2 days late
2022
23 days late
2021
30 days late
2020
30 days late
2019
69 days late
← 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 13 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven months
Where today falls in the filing period
20-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Back to profitnet €177,641
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

Equity
-€309,773▲ 36.4%
2024 · -€487,414
Total assets
€293,462▼ 6.2%
2024 · €313,022
Net result
€177,641
2024 · -€33,400
Working capital
-€521,636▲ 23.0%
2024 · -€677,183
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 1,069% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€199,854 2025 Net result€177,641 2025

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

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€12,345--€9,128▲ 26.1%€11,128€6,803▼ 38.9%€1,337▼ 80.4%€8,711▲ 552%€17,100▲ 96.3%€199,854▲ 1,069%
Net result-€28,212--€23,634▲ 16.2%-€1,878below the sector's middle half▲ 92.1%-€4,939below the sector's middle half▼ 163%-€27,612below the sector's middle half▼ 459%-€32,602below the sector's middle half▼ 18.1%-€33,400below the sector's middle half▼ 2.4%€177,641above the sector's middle half
Equity-€363,349--€386,983▼ 6.5%-€388,861below the sector's middle half▼ 0.5%-€393,801below the sector's middle half▼ 1.3%-€421,413below the sector's middle half▼ 7.0%-€454,014below the sector's middle half▼ 7.7%-€487,414below the sector's middle half▼ 7.4%-€309,773below the sector's middle half▲ 36.4%
Total assets€436,075-€417,930▼ 4.2%€397,006within the sector's middle half▼ 5.0%€380,322within the sector's middle half▼ 4.2%€356,905within the sector's middle half▼ 6.2%€329,556within the sector's middle half▼ 7.7%€313,022within the sector's middle half▼ 5.0%€293,462within the sector's middle half▼ 6.2%
Debt€799,424-€804,914▲ 0.7%€785,867▼ 2.4%€774,123▼ 1.5%€778,317▲ 0.5%€783,570▲ 0.7%€800,436▲ 2.2%€603,235▼ 24.6%
Working capital-€502,051--€533,096▼ 6.2%-€539,464below the sector's middle half▼ 1.2%-€549,385below the sector's middle half▼ 1.8%-€584,213below the sector's middle half▼ 6.3%-€625,360below the sector's middle half▼ 7.0%-€677,183below the sector's middle half▼ 8.3%-€521,636below the sector's middle half▲ 23.0%
Solvency-83.3%--92.6%▼ 9.3pp-97.9%below the sector's middle half▼ 5.4pp-103.5%below the sector's middle half▼ 5.6pp-118.1%below the sector's middle half▼ 14.5pp-137.8%below the sector's middle half▼ 19.7pp-155.7%below the sector's middle half▼ 17.9pp-105.6%below the sector's middle half▲ 50.2pp
Current ratio0.02-0.03▲ 0.010.03below the sector's middle half=0.04below the sector's middle half▲ 0.010.04below the sector's middle half=0.03below the sector's middle half▼ 0.010.02below the sector's middle half▼ 0.010.01below the sector's middle half▼ 0.01
Return on assets (ROA)-6.5%--5.7%▲ 0.8pp-0.5%below the sector's middle half▲ 5.2pp-1.3%below the sector's middle half▼ 0.8pp-7.7%below the sector's middle half▼ 6.4pp-9.9%below the sector's middle half▼ 2.2pp-10.7%below the sector's middle half▼ 0.8pp60.5%above the sector's middle half▲ 71.2pp
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293,462
Fixed assets €287,300 ▼ 4.1%
Current assets €6,162 ▼ 54.2%
Equity and liabilities
Equity-€309,773
Debt€603,235
Equity is negative: debt (€603,235) exceeds the balance-sheet total (€293,462).
Key figures and ratios
2025 value · change against 2024
EBITDA
€212,109▲
2024 · €30,849
Cash flow
€189,896▲
2024 · -€19,651
Interest coverage
9.55▲
2024 · 0.61
Debt ≤ 1 year
€527,798▼
2024 · €690,650
Debt > 1 year
€75,437▼
2024 · €109,137
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.9% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.9% went bankrupt
4.8% stopped otherwise
91.9% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,632 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€313,022€293,462▼
Fixed assets21/28€299,555€287,300▼
Tangible fixed assets22/27€299,555€287,300▼
Land and buildings22€299,555€287,300▼
Current assets29/58€13,467€6,162▼
Amounts receivable within one year40/41€149-
Trade receivables40€149-
Cash at bank and in hand54/58€13,238€6,078▼
Deferred charges and accrued income490/1€80€84▲
Equity and liabilities
Total equity and liabilities10/49€313,022€293,462▼
Equity10/15-€487,414-€309,773▲
Contributions10/11€6,300€6,300=
Profit (loss) carried forward14-€493,714-€316,073▲
Amounts payable17/49€800,436€603,235▼
Amounts payable after more than one year17€109,137€75,437▼
Financial debts170/4€109,137€75,437▼
Amounts payable within one year42/48€690,650€527,798▼
Current portion of amounts payable after more than one year42€34,785€33,699▼
Trade debts44€576€213▼
Suppliers440/4€576€213▼
Other amounts payable47/48€655,288€493,885▼
Accrued charges and deferred income492/3€650-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,749€12,255▼
Other operating charges640/8€2,814€2,903▲
Gross operating margin9900€33,663€215,012▲
Operating profit (loss)9901€17,100€199,854▲
Financial charges65/66B€50,500€22,213▼
Recurring financial charges65€50,500€22,213▼
Profit (loss) for the period before taxes9903-€33,400€177,641▲
Profit (loss) for the period9904-€33,400€177,641▲
Profit (loss) for the period to be appropriated9905-€33,400€177,641▲
Appropriation of the result
Profit (loss) to be appropriated9906-€493,714-€316,073▲
Profit (loss) brought forward from the previous period14P-€460,314-€493,714▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,175€22,231€22,231€22,230€22,230€22,167€13,749€12,255▼ 10.9%
Other operating charges640/8---€2,425€2,475€2,716€2,814€2,903▲ 3.1%
Gross operating margin9900€13,170€15,483€35,769€31,459€26,043€33,594€33,663€215,012▲ 539%
Operating profit (loss)9901-€12,345-€9,128€11,128€6,803€1,337€8,711€17,100€199,854▲ 1,069%
Financial charges65/66B---€11,743€28,949€41,313€50,500€22,213▼ 56.0%
Recurring financial charges65€15,868€14,506€13,006€11,743€28,949€41,313€50,500€22,213▼ 56.0%
Profit (loss) for the period before taxes9903-€28,212-€23,634-€1,878-€4,939-€27,612-€32,602-€33,400€177,641-
Profit (loss) for the period9904-€28,212-€23,634-€1,878-€4,939-€27,612-€32,602-€33,400€177,641-
Profit (loss) for the period to be appropriated9905-€28,212-€23,634-€1,878-€4,939-€27,612-€32,602-€33,400€177,641-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€436,075€417,930€397,006€380,322€356,905€329,556€313,022€293,462▼ 6.2%
Fixed assets21/28€424,393€402,162€379,932€357,701€335,471€313,304€299,555€287,300▼ 4.1%
Tangible fixed assets22/27€424,393€402,162€379,932€357,701€335,471€313,304€299,555€287,300▼ 4.1%
Land and buildings22---€357,701€335,471€313,304€299,555€287,300▼ 4.1%
Current assets29/58€11,682€15,768€17,075€22,621€21,434€16,252€13,467€6,162▼ 54.2%
Amounts receivable within one year40/41€1,378€3,364-€1,848€1,000€2,175€149--
Trade receivables40---€1,848€1,000€2,175€149--
Cash at bank and in hand54/58€10,241€12,338€17,007€20,773€20,434€14,077€13,238€6,078▼ 54.1%
Deferred charges and accrued income490/1------€80€84▲ 6.1%
Equity and liabilities
Total equity and liabilities10/49€436,075€417,930€397,006€380,322€356,905€329,556€313,022€293,462▼ 6.2%
Equity10/15-€363,349-€386,983-€388,861-€393,801-€421,413-€454,014-€487,414-€309,773▲ 36.4%
Contributions10/11€6,300€6,300-€6,300€6,300€6,300€6,300€6,300=
Profit (loss) carried forward14-€369,649-€393,283-€395,161-€400,101-€427,713-€460,314-€493,714-€316,073▲ 36.0%
Amounts payable17/49€799,424€804,914€785,867€774,123€778,317€783,570€800,436€603,235▼ 24.6%
Amounts payable after more than one year17€285,690€256,049€229,329€201,339€172,020€141,308€109,137€75,437▼ 30.9%
Financial debts170/4---€201,339€172,020€141,308€109,137€75,437▼ 30.9%
Amounts payable within one year42/48€513,734€548,864€556,538€572,006€605,648€641,612€690,650€527,798▼ 23.6%
Current portion of amounts payable after more than one year42---€30,264€31,702€33,208€34,785€33,699▼ 3.1%
Trade debts44€234€34€2,363€1,787€3,949€699€576€213▼ 63.0%
Suppliers440/4---€1,787€3,949€699€576€213▼ 63.0%
Taxes, remuneration and social security45----€2,517€2,190---
Taxes450/3----€2,517€2,190---
Other amounts payable47/48---€539,955€567,480€605,516€655,288€493,885▼ 24.6%
Accrued charges and deferred income492/3---€778€650€650€650--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€28,212-€23,634-€1,878-€4,939-€27,612-€32,602-€33,400€177,641-
+ Depreciation and write-downs630€23,175€22,231€22,231€22,230€22,230€22,167€13,749€12,255▼ 10.9%
Operating cash flow (approximation)-€5,038-€1,404€20,353€17,291-€5,382-€10,435-€19,651€189,896-
Investment in fixed assets (approximation)-€0€0€0€0€0€0€0-
Change in cash-€2,097€4,669€3,766-€339-€6,358-€838-€7,160▼ 754%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 25-06-2026 2026-00226561
31-12-2024 micro format 02-07-2025 2025-00251537
31-12-2023 micro format 02-08-2024 2024-00329173
31-12-2022 micro format 23-08-2023 2023-00363062
31-12-2021 micro format 30-08-2022 2022-20387550
31-12-2020 micro format 30-08-2021 2021-60000070
31-12-2019 micro format 08-10-2020 2020-59900320
31-12-2018 micro format 07-08-2019 2019-44600303
31-12-2017 micro format 31-08-2018 2018-59800500
31-12-2016 micro format 31-08-2017 2017-56000217

Show all 17 filings

Similar companies · same sector and region

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 the 82,290 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,878. See the whole sector

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

Directors

Directors
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 12 January 2009, IMMO DVM was incorporated.1 Total assets went from €436,075 in 2018 to €293,462 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
25-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial Back to profitnet €177,641
Net result €177,641 after 7 loss-making years.
02-07
NBB filing Annual accounts filed
financial year 2024 · micro format
07-01
Gazette deed Purpose · Amendment of the articles
Purpose change · Power of attorney4 facts ▸
  • General meeting, 13-12-2024
  • Purpose change
  • Power of attorney, Maxime STAS de RICHELLE
  • Other provision, “délivrance de l’extrait avant enregistrement, article 173-1° bis du Code des Droits d’Enregistrement” (deed in French)
2024
31-12
Financial Weakest financial yearnet -€33,400
Net result drops to -€33,400, the lowest in the series; recovery starts the following year.
02-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 2 days late
2023
23-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 23 days late
2022
30-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 30 days late
2021
30-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 30 days late
2020
08-10
NBB filing Annual accounts filed
financial year 2019 · micro format · 69 days late
2019
07-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 7 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 17 annual accounts filed, the latest 10 are here; all 17 are under Financials.
1 of 3 deeds read
About the unread acts

Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded12-01-2009
Financial year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0809005338
Also 9925:BE0809005338
Registered 24-11-2023

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 20 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2009
registered office establishment The establishment unit on the map
Ground area
1,649 m²
Building footprint
158 m²
Building volume
1,392 m³
Parcel 25764N0833/00C011, Wallonia · tallest building 11.6 m. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Chemin des Baraques 44, 1410 Waterloo
Buying and selling of own real estate
since 2009unit no. 2.293.202.932
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
25764N0833/00C011 Wallonia 1,649 m² 1 · 158 m² 11.6 m · 3
How the parcels are linked
Good to know
The parcel matches the address exactly.