IMMO EURO
ActiveSummary
IMMO EURO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60.02M and a net result of €3.42M. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+5
Solvency70▼-1
Growth70▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.28 in 2024; short-term debt: 55% and cash: 0.3% of total assets), and 55.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
44.6%
Return on assets
2.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-11-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
1 d early
2023
on the day
2022
1 d early
2021
on the day
2020
3 d early
2019
2 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€5.53M▲ 11.5%
2024 · €4.96M
2019: €3.74Mlowest in 7 years
2020: €4.23M▲ +13.0% vs 2019
2021: €4.01M▼ -5.2% vs 2020
2022: €4.27M▲ +6.4% vs 2021
2023: €4.41M▲ +3.3% vs 2022
2024: €4.96M▲ +12.6% vs 2023
2025: €5.53M▲ +11.5% vs 2024highest in 7 years
2019 → 2025
EBIT margin
85.2%▲ 29.7pp
2024 · 55.5%
2019: 43.4%lowest in 7 years
2020: 59.8%▲ +37.9% vs 2019
2021: 61.5%▲ +2.8% vs 2020
2022: 61.7%▲ +0.3% vs 2021
2023: 60.0%▼ -2.8% vs 2022
2024: 55.5%▼ -7.5% vs 2023
2025: 85.2%▲ +53.4% vs 2024highest in 7 years
2019 → 2025
Net result
€3.42M▲ 114%
2024 · €1.60M
2019: €1.59Mlowest in 7 years
2020: €3.52M▲ +121% vs 2019highest in 7 years
2021: €2.58M▼ -26.6% vs 2020
2022: €2.67M▲ +3.5% vs 2021
2023: €2.40M▼ -10.3% vs 2022
2024: €1.60M▼ -33.3% vs 2023
2025: €3.42M▲ +114% vs 2024
2019 → 2025
Working capital
€18.60M▲ 1.8%
2024 · €18.27M
2019: €8.99Mlowest in 7 years
2020: €11.90M▲ +32.4% vs 2019
2021: €13.38M▲ +12.4% vs 2020
2022: €16.35M▲ +22.2% vs 2021
2023: €17.89M▲ +9.4% vs 2022
2024: €18.27M▲ +2.1% vs 2023
2025: €18.60M▲ +1.8% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€4.01M-€4.27M▲ 6.4%€4.41M▲ 3.3%€4.96M▲ 12.6%€5.53M▲ 11.5%
2021: €4.01Mlowest in 5 years
2022: €4.27M▲ +6.4% vs 2021
2023: €4.41M▲ +3.3% vs 2022
2024: €4.96M▲ +12.6% vs 2023
2025: €5.53M▲ +11.5% vs 2024highest in 5 years
Equity€49.92M-€52.60M▲ 5.4%€54.99M▲ 4.6%€56.59M▲ 2.9%€60.02M▲ 6.0%
2021: €49.92Mlowest in 5 years
2022: €52.60M▲ +5.4% vs 2021
2023: €54.99M▲ +4.6% vs 2022
2024: €56.59M▲ +2.9% vs 2023
2025: €60.02M▲ +6.0% vs 2024highest in 5 years
Operating result€2.47M-€2.63M▲ 6.7%€2.64M▲ 0.5%€2.76M▲ 4.2%€4.71M▲ 71.1%
2021: €2.47Mlowest in 5 years
2022: €2.63M▲ +6.7% vs 2021
2023: €2.64M▲ +0.5% vs 2022
2024: €2.76M▲ +4.2% vs 2023
2025: €4.71M▲ +71.1% vs 2024highest in 5 years
Net result€2.58M-€2.67M▲ 3.5%€2.40M▼ 10.3%€1.60M▼ 33.3%€3.42M▲ 114%
2021: €2.58M
2022: €2.67M▲ +3.5% vs 2021
2023: €2.40M▼ -10.3% vs 2022
2024: €1.60M▼ -33.3% vs 2023lowest in 5 years
2025: €3.42M▲ +114% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 71% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134.60M
Fixed assets
€41.98M ▲ 6.7%
Current assets
€92.62M ▲ 9.4%
Equity and liabilities €134.60M
Equity
€60.02M ▲ 6.0%
Debt
€74.59M ▲ 10.7%
Debt's share of the balance-sheet total rises from 54.4% to 55.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5.86M▲
2024 · €3.85M
Cash flow
€4.57M▲
2024 · €2.69M
Current ratio
1.25▼
2024 · 1.28
Debt to equity
1.24▲
2024 · 1.19
ROE
5.7%▲
2024 · 2.8%
ROA
2.5%▲
2024 · 1.3%
Interest coverage
1.90▲
2024 · 1.23
Debt ≤ 1 year
€74.02M▲
2024 · €66.37M
Debt > 1 year
€377k▼
2024 · €788k
Income taxes
€1.13M▲
2024 · €499k
Staff costs
€157k▼
2024 · €179k
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 · 78 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124.00M€134.60M▲
Fixed assets21/28€39.36M€41.98M▲
Tangible fixed assets22/27€37.46M€40.08M▲
Land and buildings22€37.02M€39.80M▲
Plant, machinery and equipment23€439k€282k▼
Furniture and vehicles24€3k€5k▲
Financial fixed assets28€1.90M€1.90M=
Affiliated companies280/1€1.90M€1.90M=
Participating interests280€1.90M€1.90M=
Current assets29/58€84.64M€92.62M▲
Stocks and contracts in progress3€924k-
Stocks30/36€924k-
Property held for sale35€924k-
Amounts receivable within one year40/41€83.07M€89.19M▲
Trade receivables40€68k€151k▲
Other amounts receivable41€83.00M€89.04M▲
Current investments50/53-€2.70M
Other investments51/53-€2.70M
Cash at bank and in hand54/58€404k€371k▼
Deferred charges and accrued income490/1€244k€358k▲
Equity and liabilities
Total equity and liabilities10/49€124.00M€134.60M▲
Equity10/15€56.59M€60.02M▲
Contributions10/11€26.19M€26.19M=
Capital10€26.19M€26.19M=
Issued capital100€26.19M€26.19M=
Reserves13€30.40M€33.83M▲
Non-distributable reserves130/1€1.74M€1.89M▲
Legal reserve130€1.74M€1.89M▲
Tax-exempt reserves132€2.27M€2.68M▲
Distributable reserves133€26.39M€29.26M▲
Amounts payable17/49€67.41M€74.59M▲
Amounts payable after more than one year17€788k€377k▼
Financial debts170/4€782k€371k▼
Credit institutions173€782k€371k▼
Other amounts payable178/9€6k€6k▲
Amounts payable within one year42/48€66.37M€74.02M▲
Current portion of amounts payable after more than one year42€397k€411k▲
Trade debts44€298k€262k▼
Suppliers440/4€298k€262k▼
Taxes, remuneration and social security45€45k€24k▼
Taxes450/3€5k€1k▼
Remuneration and social security454/9€40k€22k▼
Other amounts payable47/48€65.63M€73.32M▲
Accrued charges and deferred income492/3€246k€193k▼
Income statement
Code20242025
Operating income70/76A€5.49M€7.18M▲
Turnover70€4.96M€5.53M▲
Other operating income74€527k€609k▲
Non-recurring operating income76A€708€1.04M▲
Operating charges60/66A€2.74M€2.46M▼
Services and other goods61€908k€557k▼
Remuneration, social security and pensions62€179k€157k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.09M€1.15M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€90k
Other operating charges640/8€493k€510k▲
Non-recurring operating charges66A€63k-
Operating profit (loss)9901€2.76M€4.71M▲
Financial income75/76B€2.47M€2.92M▲
Recurring financial income75€2.47M€2.92M▲
Income from financial fixed assets750-€101k
Income from current assets751€2.47M€2.82M▲
Other financial income752/9€282€569▲
Financial charges65/66B€3.12M€3.08M▼
Recurring financial charges65€3.12M€3.08M▼
Debt charges650€3.12M€3.08M▼
Other financial charges652/9€4k€4k▲
Profit (loss) for the period before taxes9903€2.10M€4.55M▲
Income taxes67/77€499k€1.13M▲
Taxes670/3€500k€1.13M▲
Tax adjustments and reversals of tax provisions77€1k-
Profit (loss) for the period9904€1.60M€3.42M▲
Transfer from tax-exempt reserves789€1.24M€590k▼
Transfer to tax-exempt reserves689-€1,000k
Profit (loss) for the period to be appropriated9905€2.84M€3.01M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.84M€3.01M▲
Transfer to equity691/2€2.84M€3.01M▲
To the legal reserve6920€142k€151k▲
To other reserves6921€2.70M€2.86M▲
Social balance
Average headcount (FTE)90873.02.5▼
The notes to these accounts (55 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €5.00M | €4.90M | €5.49M | €7.18M | ▲ 30.7% |
| Turnover70 | €4.01M | €4.27M | €4.41M | €4.96M | €5.53M | ▲ 11.5% |
| Other operating income74 | - | €725k | €477k | €527k | €609k | ▲ 15.6% |
| Non-recurring operating income76A | - | €7k | €13k | €708 | €1.04M | ▲ 146,095% |
| Operating charges60/66A | - | €2.37M | €2.25M | €2.74M | €2.46M | ▼ 9.9% |
| Purchases600/8 | - | €165k | - | - | - | - |
| Change in stocks: decrease (increase)609 | - | €-165k | - | - | - | - |
| Services and other goods61 | - | €542k | €740k | €908k | €557k | ▼ 38.7% |
| Remuneration, social security and pensions62 | - | €186k | €199k | €179k | €157k | ▼ 12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €940k | €982k | €1.06M | €1.09M | €1.15M | ▲ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €90k | - |
| Other operating charges640/8 | - | €653k | €254k | €493k | €510k | ▲ 3.5% |
| Non-recurring operating charges66A | - | €4k | - | €63k | - | - |
| Operating profit (loss)9901 | €2.47M | €2.63M | €2.64M | €2.76M | €4.71M | ▲ 71.1% |
| Financial income75/76B | - | €1.36M | €1.44M | €2.47M | €2.92M | ▲ 18.3% |
| Recurring financial income75 | €1.36M | €1.36M | €1.44M | €2.47M | €2.92M | ▲ 18.3% |
| Income from financial fixed assets750 | - | - | €25k | - | €101k | - |
| Income from current assets751 | - | €1.35M | €1.40M | €2.47M | €2.82M | ▲ 14.2% |
| Other financial income752/9 | - | €6k | €15k | €282 | €569 | ▲ 102% |
| Financial charges65/66B | - | €442k | €861k | €3.12M | €3.08M | ▼ 1.3% |
| Recurring financial charges65 | €400k | €442k | €861k | €3.12M | €3.08M | ▼ 1.3% |
| Debt charges650 | €382k | €424k | €858k | €3.12M | €3.08M | ▼ 1.3% |
| Other financial charges652/9 | - | €18k | €3k | €4k | €4k | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €3.43M | €3.55M | €3.23M | €2.10M | €4.55M | ▲ 117% |
| Income taxes67/77 | €845k | €875k | €829k | €499k | €1.13M | ▲ 126% |
| Taxes670/3 | - | €875k | €829k | €500k | €1.13M | ▲ 125% |
| Tax adjustments and reversals of tax provisions77 | - | €57 | - | €1k | - | - |
| Profit (loss) for the period9904 | €2.58M | €2.67M | €2.40M | €1.60M | €3.42M | ▲ 114% |
| Transfer from tax-exempt reserves789 | - | - | €928k | €1.24M | €590k | ▼ 52.4% |
| Transfer to tax-exempt reserves689 | - | €1.05M | - | - | €1,000k | - |
| Profit (loss) for the period to be appropriated9905 | €2.28M | €1.62M | €3.33M | €2.84M | €3.01M | ▲ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84.37M | €83.36M | €104.87M | €124.00M | €134.60M | ▲ 8.6% |
| Fixed assets21/28 | €38.68M | €38.09M | €38.52M | €39.36M | €41.98M | ▲ 6.7% |
| Tangible fixed assets22/27 | €36.78M | €36.19M | €36.62M | €37.46M | €40.08M | ▲ 7.0% |
| Land and buildings22 | - | €35.47M | €36.05M | €37.02M | €39.80M | ▲ 7.5% |
| Plant, machinery and equipment23 | - | €718k | €563k | €439k | €282k | ▼ 35.7% |
| Furniture and vehicles24 | - | €3k | €5k | €3k | €5k | ▲ 71.1% |
| Financial fixed assets28 | €1.90M | €1.90M | €1.90M | €1.90M | €1.90M | = |
| Affiliated companies280/1 | - | €1.90M | €1.90M | €1.90M | €1.90M | = |
| Participating interests280 | - | €1.90M | €1.90M | €1.90M | €1.90M | = |
| Current assets29/58 | €45.70M | €45.27M | €66.35M | €84.64M | €92.62M | ▲ 9.4% |
| Amounts receivable after more than one year29 | - | €114k | - | - | - | - |
| Other amounts receivable291 | - | €114k | - | - | - | - |
| Stocks and contracts in progress3 | €759k | €924k | €924k | €924k | - | - |
| Stocks30/36 | - | €924k | €924k | €924k | - | - |
| Property held for sale35 | - | €924k | €924k | €924k | - | - |
| Amounts receivable within one year40/41 | €41.69M | €42.41M | €64.88M | €83.07M | €89.19M | ▲ 7.4% |
| Trade receivables40 | - | €159k | €290k | €68k | €151k | ▲ 121% |
| Other amounts receivable41 | - | €42.25M | €64.59M | €83.00M | €89.04M | ▲ 7.3% |
| Current investments50/53 | - | - | - | - | €2.70M | - |
| Other investments51/53 | - | - | - | - | €2.70M | - |
| Cash at bank and in hand54/58 | €2.80M | €1.53M | €300k | €404k | €371k | ▼ 8.0% |
| Deferred charges and accrued income490/1 | - | €293k | €252k | €244k | €358k | ▲ 46.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84.37M | €83.36M | €104.87M | €124.00M | €134.60M | ▲ 8.6% |
| Equity10/15 | €49.92M | €52.60M | €54.99M | €56.59M | €60.02M | ▲ 6.0% |
| Contributions10/11 | €26.19M | €26.19M | €26.19M | €26.19M | €26.19M | = |
| Capital10 | - | €26.19M | €26.19M | €26.19M | €26.19M | = |
| Issued capital100 | - | €26.19M | €26.19M | €26.19M | €26.19M | = |
| Reserves13 | €23.73M | €26.41M | €28.80M | €30.40M | €33.83M | ▲ 11.3% |
| Non-distributable reserves130/1 | - | €1.43M | €1.59M | €1.74M | €1.89M | ▲ 8.7% |
| Legal reserve130 | - | €1.43M | €1.59M | €1.74M | €1.89M | ▲ 8.7% |
| Tax-exempt reserves132 | - | €4.44M | €3.51M | €2.27M | €2.68M | ▲ 18.0% |
| Distributable reserves133 | - | €20.54M | €23.70M | €26.39M | €29.26M | ▲ 10.8% |
| Amounts payable17/49 | €34.45M | €30.76M | €49.88M | €67.41M | €74.59M | ▲ 10.7% |
| Amounts payable after more than one year17 | €1.94M | €1.56M | €1.18M | €788k | €377k | ▼ 52.1% |
| Financial debts170/4 | - | €1.56M | €1.18M | €782k | €371k | ▼ 52.5% |
| Credit institutions173 | - | €1.56M | €1.18M | €782k | €371k | ▼ 52.5% |
| Other amounts payable178/9 | - | €180 | €270 | €6k | €6k | ▲ 1.4% |
| Amounts payable within one year42/48 | €32.32M | €28.92M | €48.46M | €66.37M | €74.02M | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | €372k | €384k | €397k | €411k | ▲ 3.4% |
| Trade debts44 | €378k | €81k | €343k | €298k | €262k | ▼ 12.1% |
| Suppliers440/4 | - | €81k | €343k | €298k | €262k | ▼ 12.1% |
| Taxes, remuneration and social security45 | - | €618k | €381k | €45k | €24k | ▼ 47.3% |
| Taxes450/3 | - | €589k | €344k | €5k | €1k | ▼ 72.6% |
| Remuneration and social security454/9 | - | €29k | €37k | €40k | €22k | ▼ 44.0% |
| Other amounts payable47/48 | - | €27.85M | €47.35M | €65.63M | €73.32M | ▲ 11.7% |
| Accrued charges and deferred income492/3 | - | €281k | €237k | €246k | €193k | ▼ 21.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.58M | €2.67M | €2.40M | €1.60M | €3.42M | ▲ 114% |
| + Depreciation and write-downs630 | €940k | €982k | €1.06M | €1.09M | €1.15M | ▲ 5.2% |
| Operating cash flow (approximation) | €3.52M | €3.66M | €3.46M | €2.69M | €4.57M | ▲ 69.8% |
| Investment in fixed assets (approximation) | - | €-398k | €-1.49M | €-1.93M | €-3.77M | ▼ 95.0% |
| Change in cash | - | €-1.28M | €-1.23M | €103k | €-32k | ▼ 131% |
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
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
Financial
Equity above €50MEq €52.60M ▲5.4%
4 profitable years in a row build equity to €52.60M.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Highest result since 2019net €3.52M ▲121%
Net result €3.52M, the highest in the series.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Roeselare · 1 establishment unit since 2000
Ground area
2.8 ha
Building footprint
2.4 ha
Volume, LiDAR
1,511 m³
2 parcels, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
37
companies at this address
See who is registered here
1 establishment unit
Meensesteenweg 567, 8800 Roeselare
since 20002.067.130.475
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017D0732/00T000 | Flanders | 2.6 ha | 1 · 2.3 ha | - |
| 36017C0001/00H000 | Flanders | 1,365 m² | 1 · 409 m² | 5.2 m · 1 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.
Similar companies · same sector, comparable size
COLIPHIN INVEST
BE 0837.029.628
Ukkel · Eq €57.59M
Immoroc
BE 0404.027.764
Lier · Eq €53.58M
Cennini Holding
BE 0429.214.904
Roeselare · Eq €68.49M
BUILD 4 U
BE 0472.902.813
Aalst · Eq €70.01M
ROZENVELD
BE 0460.161.664
Kontich · Eq €71.19M
Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 227 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-04-1994
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68310Real estate agency activities
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.