IMMO-EXPERT
ActiveSummary
The annual accounts of IMMO-EXPERT for fiscal year 2024 show a net loss of 50% of the equity at the start of that year. The 2024 annual accounts show equity of €1,932 and a net result of -€1,944. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 11620 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability31▲+23
Solvency26▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.27 against 0.64 in 2023; short-term debt: 21% and cash: 3.4% of total assets), and 98.6% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.4%
Return on assets
-1.4%
Age of the figures
21 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1,944
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11620 sector peers (2024).
NBB · sector comparisonPosition among 11620 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
40 d early
2022
67 d late
2021
30 d early
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€0
Total assets
€137,456▼ 11.9%
2023 · €155,970
Net result
-€1,944▲ 85.6%
2023 · -€13,538
Working capital
-€21,151▼ 59.6%
2023 · -€13,251
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€26,701▲ 46.8%€58,553-€19,294-€9,288▲ 51.9%€1,456
Net result-€31,741below the sector's middle half▲ 43.4%€52,454above the sector's middle half-€22,903below the sector's middle half-€13,538below the sector's middle half▲ 40.9%-€1,944below the sector's middle half▲ 85.6%
Equity-€12,137below the sector's middle half€40,317within the sector's middle half€17,414below the sector's middle half▼ 56.8%€3,876below the sector's middle half▼ 77.7%€1,932below the sector's middle half▼ 50.1%
Total assets€34,984below the sector's middle half▼ 17.9%€60,675below the sector's middle half▲ 73.4%€189,438within the sector's middle half▲ 212%€155,970within the sector's middle half▼ 17.7%€137,456within the sector's middle half▼ 11.9%
Debt€47,120▲ 105%€20,357▼ 56.8%€172,023▲ 745%€152,094▼ 11.6%€135,524▼ 10.9%
Working capital-€13,984below the sector's middle half€39,524within the sector's middle half-€1,509below the sector's middle half-€13,251below the sector's middle half▼ 778%-€21,151below the sector's middle half▼ 59.6%
Solvency-34.7%below the sector's middle half▼ 80.7pp66.4%within the sector's middle half▲ 101.1pp9.2%below the sector's middle half▼ 57.3pp2.5%below the sector's middle half▼ 6.7pp1.4%below the sector's middle half▼ 1.1pp
Current ratio0.70below the sector's middle half▼ 1.122.96within the sector's middle half▲ 2.250.97below the sector's middle half▼ 1.990.64below the sector's middle half▼ 0.330.27below the sector's middle half▼ 0.37
Return on assets (ROA)-90.7%below the sector's middle half▲ 40.8pp86.5%above the sector's middle half▲ 177.2pp-12.1%below the sector's middle half▼ 98.5pp-8.7%below the sector's middle half▲ 3.4pp-1.4%below the sector's middle half▲ 7.3pp
Staff (FTE)1within the sector's middle half▼ 23.1%1.2▲ 20.0%1▼ 16.7%1=1=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1,456 after a loss of €9,288 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €137,456
Fixed assets
€129,708 ▼ 1.9%
Current assets
€7,748 ▼ 67.4%
Equity and liabilities €137,456
Equity
€1,932 ▼ 50.1%
Debt
€135,524 ▼ 10.9%
Debt's share of the balance-sheet total rises from 97.5% to 98.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,658▲
2023 · -€157
Cash flow
€2,258▲
2023 · -€4,407
Debt to equity
70.13▲
2023 · 39.24
ROE
-100.6%▲
2023 · -349.3%
Interest coverage
1.67▲
2023 · -0.04
Debt ≤ 1 year
€28,899▼
2023 · €37,005
Debt > 1 year
€105,742▼
2023 · €113,942
Income taxes
€20▼
2023 · €225
Staff costs
€4,703▼
2023 · €40,507
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.9%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,037 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,825 | - |
| Remuneration, social security and pensions62 | - | €41,651 | €38,750 | €40,507 | €4,703 | ▼ 88.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,291 | €2,680 | €15,770 | €9,131 | €4,202 | ▼ 54.0% |
| Other operating charges640/8 | - | €967 | €2,848 | €1,191 | €1,093 | ▼ 8.3% |
| Gross operating margin9900 | €16,205 | €103,850 | €38,074 | €41,542 | €11,454 | ▼ 72.4% |
| Operating profit (loss)9901 | -€26,701 | €58,553 | -€19,294 | -€9,288 | €1,456 | ▲ 116% |
| Financial income75/76B | - | €118 | €0 | €0 | - | - |
| Recurring financial income75 | €107 | €118 | €0 | €0 | - | - |
| Financial charges65/66B | - | €482 | €3,389 | €4,025 | €3,380 | ▼ 16.0% |
| Recurring financial charges65 | €2,264 | €482 | €3,389 | €4,025 | €3,380 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | -€28,859 | €58,189 | -€22,682 | -€13,313 | -€1,924 | ▲ 85.5% |
| Income taxes67/77 | €2,882 | €5,735 | €220 | €225 | €20 | ▼ 91.2% |
| Profit (loss) for the period9904 | -€31,741 | €52,454 | -€22,903 | -€13,538 | -€1,944 | ▲ 85.6% |
| Profit (loss) for the period to be appropriated9905 | -€31,741 | €52,454 | -€22,903 | -€13,538 | -€1,944 | ▲ 85.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,984 | €60,675 | €189,438 | €155,970 | €137,456 | ▼ 11.9% |
| Fixed assets21/28 | €1,888 | €944 | €141,347 | €132,215 | €129,708 | ▼ 1.9% |
| Tangible fixed assets22/27 | €1,888 | €944 | €141,347 | €132,215 | €129,708 | ▼ 1.9% |
| Land and buildings22 | - | - | €139,544 | €130,851 | €127,140 | ▼ 2.8% |
| Furniture and vehicles24 | - | €944 | €1,803 | €1,365 | €2,568 | ▲ 88.1% |
| Current assets29/58 | €33,095 | €59,730 | €48,091 | €23,754 | €7,748 | ▼ 67.4% |
| Amounts receivable after more than one year29 | - | €4,200 | €0 | - | - | - |
| Other amounts receivable291 | - | €4,200 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €24,891 | €29,519 | €30,775 | €7,077 | €3,025 | ▼ 57.3% |
| Trade receivables40 | - | €21,519 | €30,770 | €7,066 | €3,025 | ▼ 57.2% |
| Other amounts receivable41 | - | €8,000 | €5 | €10 | - | - |
| Cash at bank and in hand54/58 | €3,377 | €12,879 | €17,169 | €16,230 | €4,723 | ▼ 70.9% |
| Deferred charges and accrued income490/1 | - | €13,132 | €147 | €448 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,984 | €60,675 | €189,438 | €155,970 | €137,456 | ▼ 11.9% |
| Equity10/15 | -€12,137 | €40,317 | €17,414 | €3,876 | €1,932 | ▼ 50.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,360 | €15,360 | €15,360 | €15,360 | €15,360 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €13,500 | €13,500 | €13,500 | €13,500 | = |
| Profit (loss) carried forward14 | -€46,097 | €6,357 | -€16,546 | -€30,084 | -€32,028 | ▼ 6.5% |
| Amounts payable17/49 | €47,120 | €20,357 | €172,023 | €152,094 | €135,524 | ▼ 10.9% |
| Amounts payable after more than one year17 | €0 | - | €121,974 | €113,942 | €105,742 | ▼ 7.2% |
| Financial debts170/4 | - | - | €121,974 | €113,942 | €105,742 | ▼ 7.2% |
| Amounts payable within one year42/48 | €47,079 | €20,207 | €49,600 | €37,005 | €28,899 | ▼ 21.9% |
| Current portion of amounts payable after more than one year42 | - | €0 | €8,741 | €8,694 | €8,200 | ▼ 5.7% |
| Trade debts44 | €25,007 | €1,907 | €16,038 | €2,992 | €11,556 | ▲ 286% |
| Suppliers440/4 | - | €1,247 | €16,038 | €2,992 | €11,556 | ▲ 286% |
| Bills of exchange payable441 | - | €660 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €17,629 | €12,319 | €12,392 | €1,004 | ▼ 91.9% |
| Taxes450/3 | - | €16,464 | €5,237 | €4,520 | €1,004 | ▼ 77.8% |
| Remuneration and social security454/9 | - | €1,165 | €7,082 | €7,872 | - | - |
| Other amounts payable47/48 | - | €670 | €12,501 | €12,927 | €8,140 | ▼ 37.0% |
| Accrued charges and deferred income492/3 | - | €151 | €449 | €1,147 | €882 | ▼ 23.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,741 | €52,454 | -€22,903 | -€13,538 | -€1,944 | ▲ 85.6% |
| + Depreciation and write-downs630 | €1,291 | €2,680 | €15,770 | €9,131 | €4,202 | ▼ 54.0% |
| Operating cash flow (approximation) | -€30,450 | €55,134 | -€7,133 | -€4,407 | €2,258 | ▲ 151% |
| Investment in fixed assets (approximation) | - | -€1,736 | -€156,173 | €0 | -€1,694 | - |
| Change in cash | - | €9,502 | €4,289 | -€939 | -€11,506 | ▼ 1,125% |
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
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €52,454
Net result €52,454 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 2.96
Current ratio from 0.70 to 2.96; short-term debt falls from €47,079 to €20,207.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet -€56,038
Net result drops to -€56,038, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.82
Current ratio from 0.78 to 1.82; short-term debt falls from €33,608 to €21,622.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Chaudfontaine · 1 establishment unit since 2010
Ground area
3,624 m²
Building footprint
450 m²
Volume, LiDAR
5,130 m³
Parcel 62012B0022/00B000, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
H & S Expertise sprl
since 20102.192.104.879
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012B0022/00B000 | Wallonia | 3,624 m² | 1 · 450 m² | 12.9 m · 4 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 1,758 companies in sector 71122 we hold annual accounts for 771. 113 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
Founded01-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0829787587
Also
9925:BE0829787587
Registered
09-02-2026
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.