IMMO E&G
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 12-12-2025 PDF all 23 filings
Turnover
≈ €170,000
Estimated: probably between €100,000 and €310,000
Total assets
€260,157▼ 2.0%
2024 · €265,555
Net result
€12,564▲ 3.5%
2024 · €12,134
Working capital
€47,119▲ 279%
2024 · €12,448
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€16,973
▲ 5.2%
2025
20192025
Net result
€12,564
▲ 3.5%
2025
20192025
Equity
€236,065
▲ 5.6%
2025
20192025
Total assets
€260,157
▼ 2.0%
2025
20192025
Debt
€24,093
▼ 42.7%
2025
20192025
Working capital
€47,119
▲ 279%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€18,661-€19,682▲ 5.5%€16,637▼ 15.5%€17,907▲ 7.6%€4,547▼ 74.6%€16,136▲ 255%€16,973▲ 5.2%
Net result€10,155-€11,167▲ 10.0%€10,655▼ 4.6%€12,442▲ 16.8%€2,854▼ 77.1%€12,134▲ 325%€12,564▲ 3.5%
Equity€174,248-€185,416▲ 6.4%€196,071▲ 5.7%€208,513▲ 6.3%€211,367▲ 1.4%€223,501▲ 5.7%€236,065▲ 5.6%
Total assets€370,180-€364,330▼ 1.6%€354,941▼ 2.6%€339,840▼ 4.3%€329,145▼ 3.1%€265,555▼ 19.3%€260,157▼ 2.0%
Debt€179,136-€165,620▼ 7.5%€149,078▼ 10.0%€125,037▼ 16.1%€114,990▼ 8.0%€42,054▼ 63.4%€24,093▼ 42.7%
Working capital-€55,341--€40,187▲ 27.4%-€26,187▲ 34.8%-€13,516▲ 48.4%-€6,341▲ 53.1%€12,448€47,119▲ 279%
The operating result for 2025 is 5% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260,157
Fixed assets
€190,956 ▼ 10.4%
Current assets
€69,202 ▲ 31.9%
Equity and liabilities €260,157
Equity
€236,065 ▲ 5.6%
Debt
€24,093 ▼ 42.7%
Debt's share of the balance-sheet total falls from 15.8% to 9.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39,116▲
2024 · €38,279
Cash flow
€34,707▲
2024 · €34,277
Current ratio
3.13▲
2024 · 1.31
Debt to equity
0.10▼
2024 · 0.19
ROE
5.3%▼
2024 · 5.4%
ROA
4.8%▲
2024 · 4.6%
Interest coverage
over 100▲
2024 · 40.72
Debt ≤ 1 year
€22,083▼
2024 · €40,008
Income taxes
€4,188▼
2024 · €5,849
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,143 | €22,143 | €22,143 | €22,143 | €22,143 | €22,143 | €22,143 | = |
| Other operating charges640/8 | - | - | - | €2,945 | €1,344 | €2,379 | €3,447 | ▲ 44.9% |
| Gross operating margin9900 | €42,732 | €43,027 | €40,880 | €42,995 | €28,034 | €40,658 | €42,563 | ▲ 4.7% |
| Operating profit (loss)9901 | €18,661 | €19,682 | €16,637 | €17,907 | €4,547 | €16,136 | €16,973 | ▲ 5.2% |
| Financial charges65/66B | - | - | - | €2,552 | €1,680 | €940 | €222 | ▼ 76.4% |
| Recurring financial charges65 | €4,183 | €3,724 | €3,130 | €2,552 | €1,680 | €940 | €222 | ▼ 76.4% |
| Profit (loss) for the period before taxes9903 | €14,478 | €15,958 | €13,507 | €15,355 | €2,867 | €15,195 | €16,752 | ▲ 10.2% |
| Transfer from deferred taxes780 | - | - | - | €3,502 | €3,502 | €2,787 | - | - |
| Income taxes67/77 | €7,825 | €8,292 | €6,355 | €6,415 | €3,515 | €5,849 | €4,188 | ▼ 28.4% |
| Profit (loss) for the period9904 | €10,155 | €11,167 | €10,655 | €12,442 | €2,854 | €12,134 | €12,564 | ▲ 3.5% |
| Transfer from tax-exempt reserves789 | - | - | - | €6,802 | €6,802 | €5,414 | - | - |
| Profit (loss) for the period to be appropriated9905 | €16,956 | €17,969 | €17,457 | €19,244 | €9,656 | €17,547 | €12,564 | ▼ 28.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €370,180 | €364,330 | €354,941 | €339,840 | €329,145 | €265,555 | €260,157 | ▼ 2.0% |
| Fixed assets21/28 | €323,814 | €301,671 | €279,528 | €257,385 | €235,242 | €213,099 | €190,956 | ▼ 10.4% |
| Tangible fixed assets22/27 | €323,814 | €301,671 | €279,528 | €257,385 | €235,242 | €213,099 | €190,956 | ▼ 10.4% |
| Land and buildings22 | - | - | - | €257,385 | €235,242 | €213,099 | €190,956 | ▼ 10.4% |
| Current assets29/58 | €46,367 | €62,659 | €75,413 | €82,455 | €93,903 | €52,456 | €69,202 | ▲ 31.9% |
| Amounts receivable within one year40/41 | €28,463 | €36,263 | €41,717 | €51,103 | €42,317 | €2,151 | €3,812 | ▲ 77.2% |
| Other amounts receivable41 | - | - | - | €51,103 | €42,317 | €2,151 | €3,812 | ▲ 77.2% |
| Cash at bank and in hand54/58 | €17,903 | €26,396 | €33,696 | €31,353 | €51,586 | €50,305 | €65,390 | ▲ 30.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €370,180 | €364,330 | €354,941 | €339,840 | €329,145 | €265,555 | €260,157 | ▼ 2.0% |
| Equity10/15 | €174,248 | €185,416 | €196,071 | €208,513 | €211,367 | €223,501 | €236,065 | ▲ 5.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €34,480 | €27,678 | €20,877 | €14,075 | €7,274 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €12,215 | €5,414 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €121,169 | €139,138 | €156,594 | €175,838 | €185,494 | €203,041 | €215,605 | ▲ 6.2% |
| Provisions and deferred taxes16 | €16,797 | €13,294 | €9,792 | €6,290 | €2,787 | - | - | - |
| Deferred taxes168 | - | - | - | €6,290 | €2,787 | - | - | - |
| Amounts payable17/49 | €179,136 | €165,620 | €149,078 | €125,037 | €114,990 | €42,054 | €24,093 | ▼ 42.7% |
| Amounts payable after more than one year17 | €72,626 | €58,073 | €42,827 | €26,855 | €10,125 | - | - | - |
| Financial debts170/4 | - | - | - | €26,855 | €10,125 | - | - | - |
| Amounts payable within one year42/48 | €101,708 | €102,846 | €101,601 | €95,972 | €100,245 | €40,008 | €22,083 | ▼ 44.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,972 | €16,730 | €10,125 | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | €3,515 | - | - | - |
| Taxes450/3 | - | - | - | - | €3,515 | - | - | - |
| Other amounts payable47/48 | - | - | - | €80,000 | €80,000 | €29,883 | €22,083 | ▼ 26.1% |
| Accrued charges and deferred income492/3 | - | - | - | €2,210 | €4,620 | €2,046 | €2,010 | ▼ 1.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,155 | €11,167 | €10,655 | €12,442 | €2,854 | €12,134 | €12,564 | ▲ 3.5% |
| + Depreciation and write-downs630 | €22,143 | €22,143 | €22,143 | €22,143 | €22,143 | €22,143 | €22,143 | = |
| Operating cash flow (approximation) | €32,298 | €33,310 | €32,798 | €34,585 | €24,997 | €34,277 | €34,707 | ▲ 1.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €8,492 | €7,300 | -€2,343 | €20,234 | -€1,281 | €15,085 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as IMMO E&G has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO E&G itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 17,041 companies, not a prediction for IMMO E&G. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 12-12-2025 | 2025-00580505 | |
| 30-06-2024 | micro format | 11-12-2024 | 2024-00613760 | |
| 30-06-2023 | micro format | 08-12-2023 | 2023-00524403 | |
| 30-06-2022 | micro format | 07-12-2022 | 2022-20533921 | |
| 30-06-2021 | abbreviated format | 16-12-2021 | 2021-80400422 | |
| 30-06-2020 | abbreviated format | 14-12-2020 | 2020-75500573 | |
| 30-06-2019 | abbreviated format | 02-01-2020 | 2020-00100318 | |
| 30-06-2018 | abbreviated format | 12-12-2018 | 2018-74400088 | |
| 30-06-2017 | abbreviated format | 07-12-2017 | 2017-71300411 | |
| 30-06-2016 | abbreviated format | 05-12-2016 | 2016-69400330 |