IMMO ECONSTRUCT
ActiveSummary
IMMO ECONSTRUCT has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306k and a net result of €21k. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▲+23
Solvency86▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 2.33 in 2024; short-term debt: 38.7% and cash: 5.6% of total assets), and 38.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.3%
Return on assets
4.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 10-03-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
29 d early
2023
46 d early
2022
38 d early
2021
50 d early
2020
8 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€306k▲ 7.5%
2024 · €285k
2018: €175k
2019: €174k▼ -0.9% vs 2018lowest in 8 years
2020: €204k▲ +17.3% vs 2019
2021: €238k▲ +16.7% vs 2020
2022: €299k▲ +26.1% vs 2021
2023: €355k▲ +18.6% vs 2022highest in 8 years
2024: €285k▼ -19.9% vs 2023
2025: €306k▲ +7.5% vs 2024
2018 → 2025
Total assets
€500k▲ 0.3%
2024 · €498k
2018: €365k
2019: €314k▼ -14.2% vs 2018
2020: €302k▼ -3.7% vs 2019lowest in 8 years
2021: €354k▲ +17.2% vs 2020
2022: €505k▲ +42.6% vs 2021
2023: €642k▲ +27.2% vs 2022highest in 8 years
2024: €498k▼ -22.4% vs 2023
2025: €500k▲ +0.3% vs 2024
2018 → 2025
Net result
€21k
2024 · €-71k
2018: €72khighest in 8 years
2019: €-2k▼ -102% vs 2018
2020: €30k▲ +2084% vs 2019
2021: €34k▲ +13.0% vs 2020
2022: €62k▲ +82.6% vs 2021
2023: €56k▼ -10.0% vs 2022
2024: €-71k▼ -227% vs 2023lowest in 8 years
2025: €21k▲ +130% vs 2024
2018 → 2025
Working capital
€305k▲ 7.5%
2024 · €283k
2018: €365k
2019: €314k▼ -14.1% vs 2018
2020: €204k▼ -34.8% vs 2019lowest in 8 years
2021: €343k▲ +67.7% vs 2020
2022: €383k▲ +11.8% vs 2021
2023: €510k▲ +33.1% vs 2022highest in 8 years
2024: €283k▼ -44.4% vs 2023
2025: €305k▲ +7.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€238k-€299k▲ 26.1%€355k▲ 18.6%€285k▼ 19.9%€306k▲ 7.5%
2021: €238klowest in 5 years
2022: €299k▲ +26.1% vs 2021
2023: €355k▲ +18.6% vs 2022highest in 5 years
2024: €285k▼ -19.9% vs 2023
2025: €306k▲ +7.5% vs 2024
Operating result€21k-€42k▲ 99.6%€29k▼ 30.8%€-103k€-6k▲ 94.3%
2021: €21k
2022: €42k▲ +99.6% vs 2021highest in 5 years
2023: €29k▼ -30.8% vs 2022
2024: €-103k▼ -456% vs 2023lowest in 5 years
2025: €-6k▲ +94.3% vs 2024
Net result€34k-€62k▲ 82.6%€56k▼ 10.0%€-71k€21k
2021: €34k
2022: €62k▲ +82.6% vs 2021highest in 5 years
2023: €56k▼ -10.0% vs 2022
2024: €-71k▼ -227% vs 2023lowest in 5 years
2025: €21k▲ +130% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €103k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €500k
Fixed assets
€1k ▲ 14.5%
Current assets
€498k ▲ 0.2%
Equity and liabilities €500k
Equity
€306k ▲ 7.5%
Debt
€193k ▼ 9.4%
Debt's share of the balance-sheet total falls from 42.9% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€-4k▲
2024 · €-102k
Cash flow
€23k▲
2024 · €-70k
Current ratio
2.58▲
2024 · 2.33
Debt to equity
0.63▼
2024 · 0.75
ROE
7.0%▲
2024 · -24.8%
ROA
4.3%▲
2024 · -14.2%
Interest coverage
-13.14▲
2024 · -261.43
Debt ≤ 1 year
€193k▼
2024 · €213k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€498k€500k▲
Fixed assets21/28€1k€1k▲
Tangible fixed assets22/27€1k€1k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€449€54▼
Other tangible fixed assets26€832€333▼
Current assets29/58€497k€498k▲
Amounts receivable within one year40/41€467k€470k▲
Trade receivables40€25k-
Other amounts receivable41€442k€470k▲
Cash at bank and in hand54/58€30k€28k▼
Equity and liabilities
Total equity and liabilities10/49€498k€500k▲
Equity10/15€285k€306k▲
Contributions10/11€550k€550k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k-
Reserves not available under the articles1311€6k-
Distributable reserves133-€6k
Profit (loss) carried forward14€-271k€-249k▲
Amounts payable17/49€214k€193k▼
Amounts payable within one year42/48€213k€193k▼
Trade debts44€209k€193k▼
Suppliers440/4€209k€193k▼
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Accrued charges and deferred income492/3€66€67▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€894€1k▲
Other operating charges640/8€446€449▲
Gross operating margin9900€-102k€-4k▲
Operating profit (loss)9901€-103k€-6k▲
Financial income75/76B€33k€28k▼
Recurring financial income75€33k€28k▼
Financial charges65/66B€391€339▼
Recurring financial charges65€391€339▼
Profit (loss) for the period before taxes9903€-71k€21k▲
Profit (loss) for the period9904€-71k€21k▲
Profit (loss) for the period to be appropriated9905€-71k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-271k€-249k▲
Profit (loss) brought forward from the previous period14P€-200k€-271k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €506 | €894 | €894 | €894 | €1k | ▲ 60.4% |
| Other operating charges640/8 | - | €410 | - | €446 | €449 | ▲ 0.6% |
| Gross operating margin9900 | €22k | €43k | €30k | €-102k | €-4k | ▲ 96.1% |
| Operating profit (loss)9901 | €21k | €42k | €29k | €-103k | €-6k | ▲ 94.3% |
| Financial income75/76B | - | €21k | €27k | €33k | €28k | ▼ 16.0% |
| Recurring financial income75 | €13k | €21k | €27k | €33k | €28k | ▼ 16.0% |
| Financial charges65/66B | - | €472 | €250 | €391 | €339 | ▼ 13.2% |
| Recurring financial charges65 | €347 | €472 | €250 | €391 | €339 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €34k | €62k | €56k | €-71k | €21k | ▲ 130% |
| Profit (loss) for the period9904 | €34k | €62k | €56k | €-71k | €21k | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | €34k | €62k | €56k | €-71k | €21k | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354k | €505k | €642k | €498k | €500k | ▲ 0.3% |
| Fixed assets21/28 | €4k | €3k | €2k | €1k | €1k | ▲ 14.5% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €1k | €1k | ▲ 14.5% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | - | €1k | €844 | €449 | €54 | ▼ 87.9% |
| Other tangible fixed assets26 | - | €2k | €1k | €832 | €333 | ▼ 59.9% |
| Current assets29/58 | €350k | €502k | €640k | €497k | €498k | ▲ 0.2% |
| Amounts receivable within one year40/41 | €343k | €332k | €409k | €467k | €470k | ▲ 0.6% |
| Trade receivables40 | - | - | - | €25k | - | - |
| Other amounts receivable41 | - | €332k | €409k | €442k | €470k | ▲ 6.3% |
| Cash at bank and in hand54/58 | €8k | €170k | €231k | €30k | €28k | ▼ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354k | €505k | €642k | €498k | €500k | ▲ 0.3% |
| Equity10/15 | €238k | €299k | €355k | €285k | €306k | ▲ 7.5% |
| Contributions10/11 | - | €550k | €550k | €550k | €550k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | - | - |
| Reserves not available under the articles1311 | - | €6k | €6k | €6k | - | - |
| Distributable reserves133 | - | - | - | - | €6k | - |
| Profit (loss) carried forward14 | €-318k | €-256k | €-200k | €-271k | €-249k | ▲ 7.9% |
| Amounts payable17/49 | €117k | €206k | €287k | €214k | €193k | ▼ 9.4% |
| Amounts payable within one year42/48 | €7k | €119k | €130k | €213k | €193k | ▼ 9.4% |
| Trade debts44 | €1k | €109k | €128k | €209k | €193k | ▼ 7.4% |
| Suppliers440/4 | - | €109k | €128k | €209k | €193k | ▼ 7.4% |
| Taxes, remuneration and social security45 | - | €10k | €2k | €5k | - | - |
| Taxes450/3 | - | €10k | €2k | €5k | - | - |
| Accrued charges and deferred income492/3 | - | €87k | €157k | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €62k | €56k | €-71k | €21k | ▲ 130% |
| + Depreciation and write-downs630 | €506 | €894 | €894 | €894 | €1k | ▲ 60.4% |
| Operating cash flow (approximation) | €34k | €63k | €57k | €-70k | €23k | ▲ 133% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-2k | - |
| Change in cash | - | €162k | €61k | €-201k | €-2k | ▲ 99.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
15-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity times 15current ratio 47.86
Current ratio from 3.09 to 47.86; short-term debt falls from €98k to €7k.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
30-09
Financial
Equity above €200kEq €204k ▲17.3%
Equity rises from €174k to €204k.
24-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Liquidity doublescurrent ratio 2323.71
Current ratio from 940.30 to 2323.71; short-term debt falls from €389 to €135.
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2006
Ground area
8,546 m²
Building footprint
191 m²
Volume, LiDAR
911 m³
Parcel 71323C0365/00T000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Immo Econstruct
since 20062.154.889.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0365/00T000 | Flanders | 8,546 m² | 1 · 191 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,148 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2006
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.