Immo Emanuel
ActiveSummary
Immo Emanuel has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,088 and a net result of €2,473. Equity remains stable across the filed fiscal years (±1.5% per year). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▲+12
Solvency46▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.93 in 2024; short-term debt: 22.7% and cash: 40.3% of total assets), but 79.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
20.9%
Return on assets
1.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €29,088
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
36 d early
2023
on the day
2022
on the day
2021
2 d early
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€29,088▲ 9.3%
2024 · €26,614
Total assets
€138,955▼ 7.3%
2024 · €149,901
Net result
€2,473▲ 285%
2024 · €643
Working capital
€24,519▲ 3.4%
2024 · €23,704
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,334▼ 46.0%€4,757▼ 10.8%€9,464▲ 99.0%€6,059▼ 36.0%€7,959▲ 31.3%
Net result-€2,015-€1,933▲ 4.1%€3,402€643▼ 81.1%€2,473▲ 285%
Equity€24,503▼ 7.6%€22,570▼ 7.9%€25,972▲ 15.1%€26,614▲ 2.5%€29,088▲ 9.3%
Total assets€200,376▼ 7.6%€187,721▼ 6.3%€175,220▼ 6.7%€149,901▼ 14.4%€138,955▼ 7.3%
Debt€175,873▼ 7.6%€165,151▼ 6.1%€149,249▼ 9.6%€123,287▼ 17.4%€109,867▼ 10.9%
Working capital-€4,793€20,680€23,943▲ 15.8%€23,704▼ 1.0%€24,519▲ 3.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,955
Fixed assets
€82,953 ▼ 17.6%
Current assets
€56,002 ▲ 13.9%
Equity and liabilities €138,955
Equity
€29,088 ▲ 9.3%
Debt
€109,867 ▼ 10.9%
Debt's share of the balance-sheet total falls from 82.2% to 79.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25,724▲
2024 · €23,824
Cash flow
€20,238▲
2024 · €18,408
Current ratio
1.78▼
2024 · 1.93
Debt to equity
3.78▼
2024 · 4.63
ROE
8.5%▲
2024 · 2.4%
ROA
1.8%▲
2024 · 0.4%
Interest coverage
5.61▲
2024 · 4.43
Debt ≤ 1 year
€31,483▲
2024 · €25,479
Debt > 1 year
€78,385▼
2024 · €97,807
Income taxes
€900▲
2024 · €36
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 4,508 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,160 | €17,765 | €17,765 | €17,765 | €17,765 | = |
| Other operating charges640/8 | €2,733 | €2,792 | €3,064 | €3,173 | €3,273 | ▲ 3.1% |
| Non-recurring operating charges66A | - | €1,830 | - | - | - | - |
| Gross operating margin9900 | €26,227 | €27,143 | €30,293 | €26,998 | €28,997 | ▲ 7.4% |
| Operating profit (loss)9901 | €5,334 | €4,757 | €9,464 | €6,059 | €7,959 | ▲ 31.3% |
| Financial charges65/66B | €7,349 | €6,690 | €6,062 | €5,380 | €4,585 | ▼ 14.8% |
| Recurring financial charges65 | €7,349 | €6,690 | €6,062 | €5,380 | €4,585 | ▼ 14.8% |
| Profit (loss) for the period before taxes9903 | -€2,015 | -€1,933 | €3,402 | €679 | €3,374 | ▲ 397% |
| Income taxes67/77 | - | - | - | €36 | €900 | ▲ 2,390% |
| Profit (loss) for the period9904 | -€2,015 | -€1,933 | €3,402 | €643 | €2,473 | ▲ 285% |
| Profit (loss) for the period to be appropriated9905 | -€2,015 | -€1,933 | €3,402 | €643 | €2,473 | ▲ 285% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200,376 | €187,721 | €175,220 | €149,901 | €138,955 | ▼ 7.3% |
| Fixed assets21/28 | €180,843 | €136,248 | €118,483 | €100,718 | €82,953 | ▼ 17.6% |
| Tangible fixed assets22/27 | €180,793 | €136,198 | €118,433 | €100,668 | €82,903 | ▼ 17.6% |
| Land and buildings22 | €180,793 | €136,198 | €118,433 | €100,668 | €82,903 | ▼ 17.6% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €19,533 | €51,473 | €56,737 | €49,183 | €56,002 | ▲ 13.9% |
| Cash at bank and in hand54/58 | €19,533 | €51,473 | €56,737 | €49,183 | €56,002 | ▲ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200,376 | €187,721 | €175,220 | €149,901 | €138,955 | ▼ 7.3% |
| Equity10/15 | €24,503 | €22,570 | €25,972 | €26,614 | €29,088 | ▲ 9.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,348 | €2,348 | €2,348 | €2,348 | €2,348 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €488 | €488 | €488 | €2,348 | €2,348 | = |
| Profit (loss) carried forward14 | €3,555 | €1,621 | €5,023 | €5,666 | €8,140 | ▲ 43.7% |
| Amounts payable17/49 | €175,873 | €165,151 | €149,249 | €123,287 | €109,867 | ▼ 10.9% |
| Amounts payable after more than one year17 | €151,547 | €134,358 | €116,455 | €97,807 | €78,385 | ▼ 19.9% |
| Financial debts170/4 | €151,547 | €134,358 | €116,455 | €97,807 | €78,385 | ▼ 19.9% |
| Amounts payable within one year42/48 | €24,325 | €30,793 | €32,794 | €25,479 | €31,483 | ▲ 23.6% |
| Current portion of amounts payable after more than one year42 | €16,503 | €17,189 | €17,903 | €18,648 | €19,423 | ▲ 4.2% |
| Trade debts44 | - | €3,682 | €481 | €1,073 | €3,301 | ▲ 208% |
| Suppliers440/4 | - | €3,682 | €481 | €1,073 | €3,301 | ▲ 208% |
| Taxes, remuneration and social security45 | - | - | - | €36 | €937 | ▲ 2,490% |
| Taxes450/3 | - | - | - | €36 | €937 | ▲ 2,490% |
| Other amounts payable47/48 | €7,823 | €9,923 | €14,410 | €5,723 | €7,823 | ▲ 36.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,015 | -€1,933 | €3,402 | €643 | €2,473 | ▲ 285% |
| + Depreciation and write-downs630 | €18,160 | €17,765 | €17,765 | €17,765 | €17,765 | = |
| Operating cash flow (approximation) | €16,145 | €15,832 | €21,167 | €18,408 | €20,238 | ▲ 9.9% |
| Investment in fixed assets (approximation) | - | €26,830 | €0 | €0 | €0 | - |
| Change in cash | - | €31,940 | €5,264 | -€7,554 | €6,819 | ▲ 190% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,402
Net result €3,402 after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.67
Current ratio from 0.80 to 1.67.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€2,015
Net result drops to -€2,015, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tienen · 1 establishment unit since 2010
Ground area
4,942 m²
Building footprint
1,607 m²
Volume, LiDAR
22,124 m³
2 parcels, Flanders · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
JOKA
since 20102.191.249.596
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593H0082/00R000 | Flanders | 4,228 m² | 1 · 1,380 m² | 19.9 m · 5 fl. |
| 24015M0029/00D000 | Flanders | 714 m² | 1 · 227 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-08-2010
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0828292304
Also
9925:BE0828292304
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.