IMMO E.M.
ActiveFrom the official registers: KBO 23 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IMMO E.M. has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,516 and a net result of €20,320. Equity is shrinking by about 7.3% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 18-04-2002 Normal situation
- Legal form
- Public limited company
- Registered office
- Grotesteenweg 12, 2440 Geel
- Activity
- “Het verwerven,inrichten,herstellen en tot waarde brengen,verhuren of laten gebruiken op alle mogelijke wijzen,van gebouwde…” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.298.102.818 2440 Geel, since 19-12-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 26-11-2025
Who decides
- UB Finance BVDirector · since 12-12-2019
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €77,621
- ▲ 155%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €20,320
- Equity
- €185,516
- ▲ 12.3%
- Total assets
- €735,610
- ▼ 1.8%
Why 93raises riskLiquidity: current ratio 0.65, cash €15,199lowers riskSize: total assets €735,610Figures for financial year 2025 (filed 30-06-2026)Legal form: public limited companyShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro): better than 30% on solvency, 28% on liquidity, 37% on profitability and 70% on growth.
The bankruptcy probability was computed on 31-10-2026 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
This company filed its last 7 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 30-06-2026
- Format
- abbreviated format
- Reference
- 2026-00243052
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €38,774 after a loss of €34,523 in 2024, 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 4,685 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96.9% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 4,685 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,001 | €14,143 | €14,143 | €14,143 | €14,143 | €14,143 | €19,351 | €26,755 | ▲ 38.3% |
| Other operating charges640/8 | - | - | - | €6,437 | €6,557 | €7,413 | €45,641 | €12,093 | ▼ 73.5% |
| Gross operating margin9900 | €33,903 | €6,919 | €23,346 | €43,523 | €37,353 | €38,814 | €30,468 | €77,621 | ▲ 155% |
| Operating profit (loss)9901 | €19,555 | -€13,779 | €2,028 | €22,944 | €16,654 | €17,258 | -€34,523 | €38,774 | - |
| Financial income75/76B | - | - | - | €1,616 | €1,721 | €1,664 | €1,411 | €1,439 | ▲ 2.0% |
| Recurring financial income75 | - | - | €681 | €1,616 | €1,721 | €1,664 | €1,411 | €1,439 | ▲ 2.0% |
| Financial charges65/66B | - | - | - | €4,221 | €3,737 | €3,109 | €11,631 | €17,861 | ▲ 53.6% |
| Recurring financial charges65 | €250 | €268 | €1,051 | €4,221 | €3,737 | €3,109 | €11,631 | €17,861 | ▲ 53.6% |
| Profit (loss) for the period before taxes9903 | €19,305 | -€14,047 | €1,658 | €20,339 | €14,638 | €15,812 | -€44,743 | €22,351 | - |
| Income taxes67/77 | €5,942 | -€332 | - | €2,121 | €3,660 | €3,953 | - | €2,032 | - |
| Profit (loss) for the period9904 | €13,363 | -€13,715 | €1,658 | €18,217 | €10,979 | €11,859 | -€44,743 | €20,320 | - |
| Profit (loss) for the period to be appropriated9905 | €13,363 | -€13,715 | €1,658 | €18,217 | €10,979 | €11,859 | -€44,743 | €20,320 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €690,352 | €617,227 | €469,923 | €461,788 | €449,108 | €432,380 | €748,875 | €735,610 | ▼ 1.8% |
| Fixed assets21/28 | €407,029 | €392,887 | €378,744 | €364,602 | €350,459 | €336,317 | €658,770 | €637,523 | ▼ 3.2% |
| Tangible fixed assets22/27 | €407,029 | €392,887 | €378,744 | €364,602 | €350,459 | €336,317 | €658,770 | €637,523 | ▼ 3.2% |
| Land and buildings22 | - | - | - | €364,602 | €350,459 | €336,317 | €658,770 | €637,523 | ▼ 3.2% |
| Current assets29/58 | €283,323 | €224,340 | €91,179 | €97,186 | €98,649 | €96,063 | €90,105 | €98,087 | ▲ 8.9% |
| Amounts receivable within one year40/41 | - | - | €80,791 | €82,407 | €87,619 | €94,574 | €79,165 | €73,408 | ▼ 7.3% |
| Other amounts receivable41 | - | - | - | €82,407 | €87,619 | €94,574 | €79,165 | €73,408 | ▼ 7.3% |
| Cash at bank and in hand54/58 | €283,323 | €224,340 | €10,387 | €14,779 | €11,030 | €1,077 | €10,311 | €15,199 | ▲ 47.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €412 | €629 | €9,481 | ▲ 15× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €690,352 | €617,227 | €469,923 | €461,788 | €449,108 | €432,380 | €748,875 | €735,610 | ▼ 1.8% |
| Equity10/15 | €630,942 | €617,227 | €168,885 | €187,102 | €198,081 | €209,940 | €165,196 | €185,516 | ▲ 12.3% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | - | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | - | - | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €480,942 | €467,227 | €17,227 | €17,227 | €17,227 | €17,227 | €15,196 | €35,516 | ▲ 134% |
| Non-distributable reserves130/1 | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Legal reserve130 | - | - | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Distributable reserves133 | - | - | - | €2,227 | €2,227 | €2,227 | €196 | €20,516 | ▲ 104× |
| Profit (loss) carried forward14 | - | - | €1,658 | €19,875 | €30,854 | €42,713 | - | - | - |
| Amounts payable17/49 | €59,410 | - | €301,038 | €274,686 | €251,028 | €222,441 | €583,679 | €550,094 | ▼ 5.8% |
| Amounts payable after more than one year17 | - | - | €271,902 | €243,398 | €214,481 | €185,146 | €440,538 | €399,888 | ▼ 9.2% |
| Financial debts170/4 | - | - | - | €243,398 | €214,481 | €185,146 | €440,538 | €394,888 | ▼ 10.4% |
| Other amounts payable178/9 | - | - | - | - | - | - | - | €5,000 | - |
| Amounts payable within one year42/48 | €59,410 | - | €29,136 | €31,288 | €36,547 | €37,295 | €143,141 | €150,207 | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €28,504 | €28,917 | €31,761 | €44,608 | €45,650 | ▲ 2.3% |
| Trade debts44 | €968 | - | €1,038 | €662 | €508 | €534 | €6,811 | €64 | ▼ 99.1% |
| Suppliers440/4 | - | - | - | €662 | €508 | €534 | €6,811 | €64 | ▼ 99.1% |
| Taxes, remuneration and social security45 | - | - | - | €2,121 | €2,121 | - | €349 | €2,649 | ▲ 659% |
| Taxes450/3 | - | - | - | €2,121 | €2,121 | - | €349 | €2,649 | ▲ 659% |
| Other amounts payable47/48 | - | - | - | - | €5,000 | €5,000 | €91,373 | €101,844 | ▲ 11.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,363 | -€13,715 | €1,658 | €18,217 | €10,979 | €11,859 | -€44,743 | €20,320 | - |
| + Depreciation and write-downs630 | €14,001 | €14,143 | €14,143 | €14,143 | €14,143 | €14,143 | €19,351 | €26,755 | ▲ 38.3% |
| Operating cash flow (approximation) | €27,364 | €428 | €15,800 | €32,360 | €25,121 | €26,002 | -€25,393 | €47,074 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | -€341,804 | -€5,508 | ▲ 98.4% |
| Change in cash | - | -€58,982 | -€213,953 | €4,392 | -€3,749 | -€9,954 | €9,234 | €4,888 | ▼ 47.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-06-2026 | 2026-00243052 | NBB |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00173477 | |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00287098 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00196797 | |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20250505 | |
| 31-12-2020 | abbreviated format | 04-08-2021 | 2021-45800288 | |
| 31-12-2019 | abbreviated format | 20-08-2020 | 2020-42600413 | |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52800118 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-53700065 | |
| 31-12-2016 | micro format | 09-08-2017 | 2017-42400443 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| UB Finance BV |
|
| Borré Adolf |
|
How the board is organised
- Who signsWho may bind the company towards others, for example by signing a contract.
- The sole director
- Board ruleHow the board is made up, meets and takes decisions.
- “1, enige bestuurder”
Articles of association, deed of 26-05-2023
Owners and capital
Owners
1 ownerChain of control
- UB Finance
- IMMO E.M.
Owners 1
- UB FinanceparentSourceaccounts UB Finance 2025100%
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Winstverdeling, algemene vergadering”Liquidation distribution: “Aanzuivering schulden,lasten,kosten of consignatie, netto actief onder alle aandeelhouders naar verhouding aantal aandelen”3 more provisions in the deed, see the deed of 26-05-2023
Articles of association, deed of 26-05-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
26-05
Gazette deed
Resignation: Borré Adolf (director)Appointment: Borré Adolf (director) · Permanent representative: Borré Adolf · Amendment of the articles7 facts ▸
- General meeting, 08-05-2023
- Amendment of the articles (3 times)
- Registered office clause, “2440 Geel,Grotesteenweg 12, vergadering bevestigt” (deed in Dutch)
- Director resignation, Borré Adolf (director)
- Director appointment, Borré Adolf (director (not named in the articles))
- Board rule, 1
- Permanent representative, Borré Adolf
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven,inrichten,herstellen en tot waarde brengen,verhuren of laten gebruiken op alle mogelijke wijzen,van gebouwde en…”
9 activities
- Het verwerven,inrichten,herstellen en tot waarde brengen,verhuren of laten gebruiken op alle mogelijke wijzen,van gebouwde en onbebouwde,gemeubelde of onbemeubelde onroerende goederen.Deze activiteiten worden niet als vastgoedmakelaar uitgeoefend.
- Het verwerven,beheren en verkopen van roerende waarden,van aandelen en van participaties en belangen in alle mogelijke ondernemingen en vennootschappen.
- Het opnemen van bestuurdersmandaten in en het optreden als adviseur bij alle mogelijke ondernemingen en vennootschappen,en verder alle verrichtingen die behoren tot de activiteit van een zogenaamde houdstermaatschappij en dit alles zowel in het binnenland als in het buitenland.
- De vennootschap mag zich tevens borg stellen,ook onder de vorm van een hypothecaire inschrijving op haar onroerende goederen,voor verbintenissen aangegaan door de huurders van haar onroerende goederen.
- Volle rechtsbekwaamheid voor alle handelingen en verrichtingen,commercieel,industrieel,financieel,roerend of onroerend,die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of de verwezenlijking geheel of ten dele vergemakkelijken.
- Deelneming bij samenwerking,inbreng,fusie,financiële tussenkomst of andere vorm in vennootschappen,samenwerkingen,zaken of ondernemingen met eenzelfde,analoog,gelijkaardig of samenhangend voorwerp of bevorderend voor ontwikkeling of afname.
- Uitoefenen functies van zaakvoerder,bestuurder of vereffenaar in andere vennootschappen,verenigingen of ondernemingen.
- Zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren,in de meest ruime zin.
- Onderwerping aan voorafgaande voorwaarden inzake toegang tot beroep voor daaraan onderworpen handelingen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IMMO E.M.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 20:00
Articles of association, deed of 26-05-2023 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13375M1264/00G002 | Flanders | 2,987 m² | 1 · 1,025 m² | 8.0 m · 2 |