IMMO ECONSTRUCT
ActiveFrom the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IMMO ECONSTRUCT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306,077 and a net result of €21,405. Equity has been growing by about 7.8% per year since 2019. Its solvency ranks better than 73% of 17,119 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 01-06-2006 Normal situation
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.154.889.444 3500 Hasselt, since 04-07-2006
- Financial year end
- 30 September
- Peppol
- Reachable since 30-08-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€4,007
- ▲ 96.1%
- Profit
- €21,405
- Equity
- €306,077
- ▲ 7.5%
- Total assets
- €499,527
- ▲ 0.3%
Score breakdownlowers riskSize: total assets €499,527Figures for financial year 2025 (filed on 12-03-2026)Equity €306,077 (61.3% of total assets)Founded in 2006Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 72% of them on solvency, 32% on liquidity, 22% on profitability and 63% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-03-2026 PDF all 19 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €5,890, smaller than the loss of €103,076 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). 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).
Comparable companies
These companies have the same main activity as IMMO ECONSTRUCT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €397,000 and €591,000, founded between 2003 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| IMMO ECONSTRUCT Hasselt | 2006 | €499,527 | €306,077 | -€4,007 | €21,405 | 2025 |
| VANDERVELPEN MANAGEMENT Hasselt | 2006 | €397,349 | €316,291 | -€18,617 | -€20,833 | 2025 |
| FRABELI Zonhoven | 2005 | €551,197 | €364,116 | -€4,284 | €4,182 | 2025 |
| ROVERS PROJECTEN Lanaken | 2008 | €509,467 | €484,093 | -€63,866 | €71,782 | 2025 |
| COMFORT HOUSES Maaseik | 2004 | €590,663 | €300,382 | -€20,132 | -€26,727 | 2025 |
| WIMMOBILIARE Genk | 2003 | €427,688 | €392,478 | -€22,282 | -€3,642 | 2025 |
| IMMO RV Oupeye | 2006 | €474,138 | -€224,595 | -€1,963 | -€1,996 | 2024 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as IMMO ECONSTRUCT has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO ECONSTRUCT 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.
| 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 14,766 companies, not a prediction for IMMO ECONSTRUCT. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €506 | €894 | €894 | €894 | €1,434 | ▲ 60.4% |
| Other operating charges640/8 | - | - | - | €410 | - | €446 | €449 | ▲ 0.6% |
| Gross operating margin9900 | €927 | €64,919 | €21,944 | €43,154 | €29,873 | -€101,736 | -€4,007 | ▲ 96.1% |
| Operating profit (loss)9901 | -€1,262 | €30,279 | €20,966 | €41,850 | €28,979 | -€103,076 | -€5,890 | ▲ 94.3% |
| Financial income75/76B | - | - | - | €20,574 | €27,022 | €32,908 | €27,635 | ▼ 16.0% |
| Recurring financial income75 | €18 | - | €13,312 | €20,574 | €27,022 | €32,908 | €27,635 | ▼ 16.0% |
| Financial charges65/66B | - | - | - | €472 | €250 | €391 | €339 | ▼ 13.2% |
| Recurring financial charges65 | €269 | €250 | €347 | €472 | €250 | €391 | €339 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | -€1,513 | €30,029 | €33,931 | €61,953 | €55,751 | -€70,558 | €21,405 | - |
| Profit (loss) for the period9904 | -€1,513 | €30,029 | €33,931 | €61,953 | €55,751 | -€70,558 | €21,405 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,513 | €30,029 | €33,931 | €61,953 | €55,751 | -€70,558 | €21,405 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €313,701 | €302,037 | €354,104 | €505,044 | €642,395 | €498,206 | €499,527 | ▲ 0.3% |
| Fixed assets21/28 | €0 | - | €3,963 | €3,069 | €2,176 | €1,282 | €1,467 | ▲ 14.5% |
| Tangible fixed assets22/27 | €0 | - | €3,963 | €3,069 | €2,176 | €1,282 | €1,467 | ▲ 14.5% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €1,079 | - |
| Furniture and vehicles24 | - | - | - | €1,239 | €844 | €449 | €54 | ▼ 87.9% |
| Other tangible fixed assets26 | - | - | - | €1,830 | €1,331 | €832 | €333 | ▼ 59.9% |
| Current assets29/58 | €313,701 | €302,037 | €350,141 | €501,975 | €640,220 | €496,925 | €498,060 | ▲ 0.2% |
| Stocks and contracts in progress3 | €255,742 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €11,533 | €51,689 | €342,582 | €332,152 | €409,209 | €467,199 | €470,193 | ▲ 0.6% |
| Trade receivables40 | - | - | - | - | - | €25,046 | - | - |
| Other amounts receivable41 | - | - | - | €332,152 | €409,209 | €442,154 | €470,193 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €46,175 | €250,348 | €7,558 | €169,823 | €231,011 | €29,725 | €27,866 | ▼ 6.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €313,701 | €302,037 | €354,104 | €505,044 | €642,395 | €498,206 | €499,527 | ▲ 0.3% |
| Equity10/15 | €173,566 | €203,595 | €237,527 | €299,479 | €355,230 | €284,672 | €306,077 | ▲ 7.5% |
| Contributions10/11 | €550,000 | - | - | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Reserves13 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Non-distributable reserves130/1 | - | - | - | €5,500 | €5,500 | €5,500 | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,500 | €5,500 | €5,500 | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €5,500 | - |
| Profit (loss) carried forward14 | -€381,934 | -€351,905 | -€317,973 | -€256,021 | -€200,270 | -€270,828 | -€249,423 | ▲ 7.9% |
| Amounts payable17/49 | €140,135 | €98,442 | €116,577 | €205,565 | €287,165 | €213,534 | €193,450 | ▼ 9.4% |
| Amounts payable after more than one year17 | €140,000 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €135 | €97,637 | €7,315 | €118,777 | €130,015 | €213,469 | €193,383 | ▼ 9.4% |
| Trade debts44 | €135 | €647 | €1,415 | €108,787 | €127,674 | €208,877 | €193,383 | ▼ 7.4% |
| Suppliers440/4 | - | - | - | €108,787 | €127,674 | €208,877 | €193,383 | ▼ 7.4% |
| Taxes, remuneration and social security45 | - | - | - | €9,989 | €2,340 | €4,592 | - | - |
| Taxes450/3 | - | - | - | €9,989 | €2,340 | €4,592 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €86,789 | €157,151 | €66 | €67 | ▲ 2.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,513 | €30,029 | €33,931 | €61,953 | €55,751 | -€70,558 | €21,405 | - |
| + Depreciation and write-downs630 | - | - | €506 | €894 | €894 | €894 | €1,434 | ▲ 60.4% |
| Operating cash flow (approximation) | -€1,513 | €30,029 | €34,438 | €62,846 | €56,645 | -€69,665 | €22,839 | - |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | -€1,619 | - |
| Change in cash | - | €204,174 | -€242,790 | €162,265 | €61,187 | -€201,286 | -€1,859 | ▲ 99.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 10-03-2026 | 2026-00053120 | |
| 30-09-2024 | micro format | 01-04-2025 | 2025-00060382 | |
| 30-09-2023 | micro format | 15-03-2024 | 2024-00044042 | |
| 30-09-2022 | micro format | 23-03-2023 | 2023-00048253 | |
| 30-09-2021 | micro format | 11-03-2022 | 2022-07500267 | |
| 30-09-2020 | micro format | 22-04-2021 | 2021-10900387 | |
| 30-09-2019 | micro format | 24-03-2020 | 2020-07400234 | |
| 30-09-2018 | micro format | 11-03-2019 | 2019-07000036 | |
| 30-09-2017 | abbreviated format | 16-03-2018 | 2018-07100125 | |
| 30-09-2016 | abbreviated format | 03-03-2017 | 2017-05600347 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 02-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ELEN Erwin |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking, niet-statutaire bestuurders herroepbaar ad nutum door algemene vergadering”“Al dan niet ten kosteloze titel, vaste of evenredige vergoeding”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid verworven aantal, erfgenamen en legatarissen die niet van rechtswege aandeelhouder worden…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging”
Articles of association, deed of 02-01-2024 (in Dutch)
Network & group
IMMO ECONSTRUCT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of IMMO ECONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-01
Gazette deed
Resignation: ELEN Erwin (statutory manager)Appointment: ELEN Erwin (director) · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 27-12-2023
- Other provision, “Beslissing om de statuten aan te passen aan de bepalingen van het Wetboek van vennootschappen en verenigingen, Beslissing om de statutair onbeschikbare eigenver…” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, ELEN Erwin (statutory manager)
- Director appointment, ELEN Erwin (director (not named in the articles))
- Other provision, “geen beletsel benoeming, niet getroffen door enige maatregel welke zich daartegen zou verzetten” (deed in Dutch)
- Other provision, “kwijting ontslagnemende zaakvoerder, algemene vergadering beslist op volgende jaarvergadering over kwijting voor uitoefening mandaat” (deed in Dutch)
- Registered office clause, “3500 Hasselt,Herdersstraat 1A” (deed in Dutch)
- Other provision, “website en e-mail-adres” (deed in Dutch)
- Other provision, “stemming alle besluiten, eenparigheid van stemmen” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202515 activities
- Het aanleggen, het oordeelkundig beheer en het uitbreiden van een roerend en onroerend vermogen;
- Alle studiën en operaties met betrekking tot alle onroerende goederen en rechten welke daaruit voortvloeien, zoals de bemiddeling en verkoop, en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen;
- De aankoop en verkoop van onroerende goederen, de bouw, de verbouwing, de aanpassing, de huur en onderhuur, de ruiling, de verkaveling of projectontwikkeling, onroerende leasing, de bemiddeling en verkoop, en, in het algemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen;
- Zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Alle andere verhandelingen met betrekking tot onroerende goederen, organiseren van bouw- en afbraakwerken, wegenaanleg, grondwerken, tuinaanleg, coördineren van de taken van diverse vaklui, studiën maken van plannen, ramingen, bestekken, verkoop en handel van alle bouw- en afbraakwerkmaterialen, de aankoop, verkoop, import en export van alle artikelen, materialen, producten en grondstoffen die met de bedrijvigheid van de vennootschap verband houden; al hetgeen ter bereiking van dit voorwerp nuttig en nodig is, al het voormelde zowel van eigen rekening als voor derden.
- De aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen en alle roerende goederen en rechten;
- Het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- Projectontwikkeling voor de nieuwbouw van individuele woningen of voor renovatiewerken
- Projectontwikkeling voor de bouw van appartementsgebouwen
- Projectontwikkeling voor de bouw of de aanleg van: commerciële, en industriële centra, hotels, industriezones en markten, jachthavens, autowegen, wintersportcentra, enz.
- De handel in eigen onroerend goed: flatgebouwen en woningen, niet voor bewoning bestemde gebouwen, grond.
- De verhuur van al dan niet gemeubelde appartementen en huizen.
- Algemene import en export handel;
- In het bijzonder de import van sphagnum mos, alsook de handel van deze goederen in het binnenland en buitenland.
- De groot en kleinhandel, commissiehandel, vertegenwoordiging, in- en uitvoer, productie, bewerking, verwerking, conditionering, opslag, verpakking en transport van sphagnum mos, verpakkingsmateriaal en toebehoren.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0881.773.847
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71323C0365/00T000 | Flanders | 8,546 m² | 1 · 191 m² | 7.7 m · 1 |