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IMMO FIRO

Active
Public limited companyfounded 200521 years activeNoordstraat 7, 8560 Wevelgem, BelgiumKBO/BCE: BE 0875.138.651
Summary

IMMO FIRO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.2m and a net result of €882,056. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 71% of 11,027 sector peers (NACE 68, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
#3 company by equity in Wevelgem, Real estate sector1 site
Size
€19.1mtotal assets 2025
Equity
€11.2m
Profit
€882,056
Turnover not published (abridged schema)
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
4 members
  • FIROPANChair · permanent representative Firmin Deprez
  • ALFAMManaging director · permanent representative Patrick Deprez
Accounts 64 days early1 of 9 deeds read
Why 95- Liquidity: current ratio 0.50, cash €123,863, halved+ Size: total assets €19.1m+ Figures for FY 2025 (filed 29-05-2026)+ Founded in 2005Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 60% of its sector peers (NACE 68, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 83+1
equity 58.4% of total assets
Liquidity 40-3
short-term debt 26.7% · cash 0.6%
Profitability 75+1
return on assets 4.6%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,718 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: 0.1%▲ +0.1 percentage points vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025lowest value 08-2025: < 0.1%● unchanged vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit up to €1,050,000 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.44 in 2024; short-term debt: 26.7% and cash: 0.6% of total assets), and 41.6% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 76% on solvency, 32% on liquidity, 87% on profitability and 47% on growth.

The bankruptcy probability was computed on 07-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.50, cash €123,863, halved
NBB · annual accounts
lowers risk · Size: total assets €19.1m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 29-05-2026)
NBB · annual accounts
lowers risk · Founded in 2005
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 days early
2024
58 days early
2023
47 days early
2022
116 days early
2021
79 days early
2020
80 days early
2019
44 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 28 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Reappointments: BV ALFAM, BV FIROPAN and…Permanent representatives: Patrick Deprez and…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €10,262 · 11,016 companies €882,056 View
  • New directorslatest change 20-05-2026 · 4 in office 4 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €882,056 8 years View

By topic

Financials

Fiscal year
2025
Total assets
€19.1m
Profit
€882,056
Solvency
58.4%
Total assets▼ 2.1%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
  • FIROPANChair
  • ALFAMManaging director
  • Marijke VandelanotteDirector
  • Martine DeprezDirector
Go to Board & ownership

Timeline

Events
14
Since
2017
Next accounts
by 31-07-2027
  1. 14-06-2024Annual accounts filed
  2. 31-12-2023Highest result since 2018
  3. 06-04-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
18-07-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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