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IMMO-GARE

Active
Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 199036 yrs activeLe Bois-Chaban, St-Médard 99, 6887 Herbeumont, BelgiumKBO/BCE: BE 0439.745.441
Summary

IMMO-GARE has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239,085 and a net result of -€515. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▼-1
Solvency89▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.82 in 2024; short-term debt: 35.6% and cash: 0% of total assets), and 35.6% 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 · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
50 d early
2024
71 d early
2023
15 d early
2022
24 d late
2021
10 d early
2020
131 d late
2019
119 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 18 days after 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 17 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO-GARE was incorporated on 19 February 1990.1 Total assets went from EUR 403,946 in 2018 to EUR 370,999 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€239,085▼ 0.2%
2024 · €239,600
Total assets
€370,999▲ 1.4%
2024 · €365,842
Net result
-€515
2024 · €1,276
Working capital
€229,084▼ 0.2%
2024 · €229,599
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-€5,248-€18,173▼ 246%-€454▲ 97.5%-€451▲ 0.6%-€400▲ 11.4%
Net result-€8,645▼ 299%€16,114-€475€1,276-€515
Equity€222,685▼ 3.7%€238,799▲ 7.2%€238,324▼ 0.2%€239,600▲ 0.5%€239,085▼ 0.2%
Total assets€371,088▲ 0.1%€342,284▼ 7.8%€351,280▲ 2.6%€365,842▲ 4.1%€370,999▲ 1.4%
Debt€148,404▲ 6.5%€103,485▼ 30.3%€112,956▲ 9.2%€126,241▲ 11.8%€131,914▲ 4.5%
Working capital€158,585▼ 9.1%€228,798▲ 44.3%€228,323▼ 0.2%€229,599▲ 0.6%€229,084▼ 0.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000Operating result 2021: -€5,248-€5,248Net result 2021: -€8,645-€8,645Operating result 2022: -€18,173-€18,173Net result 2022: €16,114€16,114Operating result 2023: -€454-€454Net result 2023: -€475-€475Operating result 2024: -€451-€451Net result 2024: €1,276€1,276Operating result 2025: -€400-€400Net result 2025: -€515-€51520212022202320242025-€1,000-€500€0€500€1,000€1,500Operating result 2023: -€454-€454Net result 2023: -€475-€475Operating result 2024: -€451-€451Net result 2024: €1,276€1,280Operating result 2025: -€400-€400Net result 2025: -€515-€515202320242025
The operating result stays negative: a loss of €400 in 2025 against €451 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370,999
Fixed assets €10,001 =
Current assets €360,998 ▲ 1.4%
Equity and liabilities €370,999
Equity €239,085 ▼ 0.2%
Debt €131,914 ▲ 4.5%
Debt's share of the balance-sheet total rises from 34.5% to 35.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
2.74▼
2024 · 2.82
Debt to equity
0.55▲
2024 · 0.53
ROE
-0.2%▼
2024 · 0.5%
ROA
-0.1%▼
2024 · 0.3%
Debt ≤ 1 year
€131,914▲
2024 · €126,241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 33 lines
Balance sheet Code20242025
Assets
Total assets20/58€365,842€370,999▲
Fixed assets21/28€10,001€10,001=
Financial fixed assets28€10,001€10,001=
Current assets29/58€355,841€360,998▲
Amounts receivable within one year40/41€355,834€360,939▲
Other amounts receivable41€355,834€360,939▲
Cash at bank and in hand54/58€6€59▲
Equity and liabilities
Total equity and liabilities10/49€365,842€370,999▲
Equity10/15€239,600€239,085▼
Contributions10/11€206,544€206,544=
Reserves13€14,504€14,504=
Non-distributable reserves130/1€14,504€14,504=
Reserves not available under the articles1311€14,504€14,504=
Profit (loss) carried forward14€18,552€18,037▼
Amounts payable17/49€126,241€131,914▲
Amounts payable within one year42/48€126,241€131,914▲
Trade debts44€387€410▲
Suppliers440/4€387€410▲
Taxes, remuneration and social security45€300€300=
Taxes450/3€300€300=
Other amounts payable47/48€125,554€131,204▲
Income statement Code20242025
Gross operating margin9900-€451-€400▲
Operating profit (loss)9901-€451-€400▲
Financial income75/76B€2,055-
Recurring financial income75€2,055-
Financial charges65/66B€28€115▲
Recurring financial charges65€28€115▲
Profit (loss) for the period before taxes9903€1,576-€515▼
Income taxes67/77€300-
Profit (loss) for the period9904€1,276-€515▼
Profit (loss) for the period to be appropriated9905€1,276-€515▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,552€18,037▼
Profit (loss) brought forward from the previous period14P€17,276€18,552▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,706-----
Other operating charges640/8€3,262€3,842----
Gross operating margin9900€7,720-€14,331-€454-€451-€400▲ 11.4%
Operating profit (loss)9901-€5,248-€18,173-€454-€451-€400▲ 11.4%
Financial income75/76B-€38,068-€2,055--
Recurring financial income75-€38,068-€2,055--
Non-recurring financial income76B-€38,068----
Financial charges65/66B€3,397€3,497€21€28€115▲ 310%
Recurring financial charges65€3,397€3,497€21€28€115▲ 310%
Profit (loss) for the period before taxes9903-€8,645€16,399-€475€1,576-€515▼ 133%
Income taxes67/77-€285-€300--
Profit (loss) for the period9904-€8,645€16,114-€475€1,276-€515▼ 140%
Profit (loss) for the period to be appropriated9905-€8,645€16,114-€475€1,276-€515▼ 140%
Line20212022202320242025Change
Assets
Total assets20/58€371,088€342,284€351,280€365,842€370,999▲ 1.4%
Fixed assets21/28€168,068€10,001€10,001€10,001€10,001=
Tangible fixed assets22/27€168,068-----
Land and buildings22€159,382-----
Plant, machinery and equipment23€8,686-----
Financial fixed assets28-€10,001€10,001€10,001€10,001=
Current assets29/58€203,021€332,283€341,279€355,841€360,998▲ 1.4%
Amounts receivable within one year40/41€201,625€332,279€341,279€355,834€360,939▲ 1.4%
Other amounts receivable41€201,625€332,279€341,279€355,834€360,939▲ 1.4%
Cash at bank and in hand54/58€1,233€4-€6€59▲ 814%
Deferred charges and accrued income490/1€163-----
Equity and liabilities
Total equity and liabilities10/49€371,088€342,284€351,280€365,842€370,999▲ 1.4%
Equity10/15€222,685€238,799€238,324€239,600€239,085▼ 0.2%
Contributions10/11€206,544€206,544€206,544€206,544€206,544=
Outside capital11€206,544-----
Other1109/19€206,544-----
Reserves13€14,504€14,504€14,504€14,504€14,504=
Non-distributable reserves130/1€14,504€14,504€14,504€14,504€14,504=
Reserves not available under the articles1311€14,504€14,504€14,504€14,504€14,504=
Profit (loss) carried forward14€1,636€17,751€17,276€18,552€18,037▼ 2.8%
Amounts payable17/49€148,404€103,485€112,956€126,241€131,914▲ 4.5%
Amounts payable after more than one year17€103,968-----
Financial debts170/4€103,968-----
Amounts payable within one year42/48€44,436€103,485€112,956€126,241€131,914▲ 4.5%
Current portion of amounts payable after more than one year42€16,402-----
Financial debts43--€16---
Credit institutions430/8--€16---
Trade debts44€507€348€384€387€410▲ 5.7%
Suppliers440/4€507€348€384€387€410▲ 5.7%
Taxes, remuneration and social security45-€285-€300€300=
Taxes450/3-€285-€300€300=
Other amounts payable47/48€27,527€102,853€112,555€125,554€131,204▲ 4.5%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,645€16,114-€475€1,276-€515▼ 140%
+ Depreciation and write-downs630€9,706-----
Operating cash flow (approximation)€1,061€16,114-€475€1,276-€515▼ 140%
Investment in fixed assets (approximation)-€158,067€0€0€0-
Change in cash--€1,229--€52-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
11-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
21-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €1,276
Net result €1,276 after one loss-making year.
16-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial Back to profitnet €16,114
Net result €16,114 after 2 loss-making years.
21-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€8,645
Net result drops to -€8,645, the lowest in the series; recovery starts the following year.
13-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 866 days late
13-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 1231 days late
13-12
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 1596 days late
09-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
2020
27-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
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, Herbeumont · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
3,595 m²
Building footprint
358 m²
Volume, LiDAR
772 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Marche 17, 6600 Bastogne
NACE 5248701
since 19902.047.198.262
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
84060B0049/00N002 Wallonia 3,286 m² 1 · 269 m² -
82003E1114/02R000 Wallonia 309 m² 1 · 88 m² 10.0 m · 3 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.

Structure & network

Owners and holdings

2 holdings

Owners 0

The accounts to 31-12-2025 list no shareholders, and no other source names one.

Holdings 2

According to the 2025 annual accounts of IMMO-GARE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded19-02-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.