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IMMO GBL

Active
Private limited companyfounded 20233 yrs activeBoulevard des Glacis 50, 7800 Ath, BelgiumKBO/BCE: BE 0798.250.414
Summary

The computed 12-month bankruptcy probability of IMMO GBL is 3.6% (moderate). The 2025 annual accounts show negative equity (-€4,434) and a net result of €11,348. Equity is growing by ~37.5% per year across the filed fiscal years. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability49▲+5
Solvency23▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.21 in 2024; short-term debt: 14.8% and cash: 1.4% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
-1.7%
Return on assets
4.2%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
7 d early
2024
on the day
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 2 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 31 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 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

On 9 February 2023, IMMO GBL was incorporated as a Private limited company.1 Total assets went from EUR 306,183 in 2023 to EUR 267,481 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€4,434▲ 71.9%
2024 · -€15,782
Total assets
€267,481▼ 5.2%
2024 · €282,264
Net result
€11,348▲ 2,221%
2024 · €489
Working capital
-€35,841▲ 9.2%
2024 · -€39,486
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result-€15,006-€11,011€21,298▲ 93.4%
Net result-€22,271-€489€11,348▲ 2,221%
Equity-€16,271--€15,782▲ 3.0%-€4,434▲ 71.9%
Total assets€306,183-€282,264▼ 7.8%€267,481▼ 5.2%
Debt€322,454-€298,045▼ 7.6%€271,914▼ 8.8%
Working capital-€45,944--€39,486▲ 14.1%-€35,841▲ 9.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2023: -€15,006-€15,006Net result 2023: -€22,271-€22,271Operating result 2024: €11,011€11,011Net result 2024: €489€489Operating result 2025: €21,298€21,298Net result 2025: €11,348€11,348202320242025-€40,000-€20,000€0€20,000Operating result 2023: -€15,006-€15,000Net result 2023: -€22,271-€22,300Operating result 2024: €11,011€11,000Net result 2024: €489€489Operating result 2025: €21,298€21,300Net result 2025: €11,348€11,300202320242025
The operating result has risen two years in a row; 2025 is 93% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €267,481
Fixed assets €263,761 ▼ 3.0%
Current assets €3,720 ▼ 64.4%
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,365▼
2024 · €32,157
Cash flow
€19,415▼
2024 · €21,635
Solvency
-1.7%▲
2024 · -5.6%
Current ratio
0.09▼
2024 · 0.21
Debt to equity
-61.33▼
2024 · -18.89
ROA
4.2%▲
2024 · 0.2%
Interest coverage
2.95▼
2024 · 3.06
Debt ≤ 1 year
€39,561▼
2024 · €49,922
Debt > 1 year
€232,354▼
2024 · €248,124
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 516 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a profit under 5% of the balance sheet
4.5% went bankrupt
2.3% stopped otherwise
92% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.6% 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 497,340 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% 1.8%
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 516 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 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€282,264€267,481▼
Fixed assets21/28€271,828€263,761▼
Tangible fixed assets22/27€271,828€263,761▼
Land and buildings22€271,828€263,761▼
Current assets29/58€10,436€3,720▼
Cash at bank and in hand54/58€10,117€3,720▼
Deferred charges and accrued income490/1€319-
Equity and liabilities
Total equity and liabilities10/49€282,264€267,481▼
Equity10/15-€15,782-€4,434▲
Contributions10/11€6,000€6,000=
Profit (loss) carried forward14-€21,782-€10,434▲
Amounts payable17/49€298,045€271,914▼
Amounts payable after more than one year17€248,124€232,354▼
Financial debts170/4€248,124€232,354▼
Amounts payable within one year42/48€49,922€39,561▼
Current portion of amounts payable after more than one year42€15,176€15,770▲
Trade debts44-€2,242
Suppliers440/4-€2,242
Other amounts payable47/48€34,746€21,549▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,146€8,067▼
Other operating charges640/8€261€3,845▲
Gross operating margin9900€32,417€33,210▲
Operating profit (loss)9901€11,011€21,298▲
Financial charges65/66B€10,522€9,951▼
Recurring financial charges65€10,522€9,951▼
Profit (loss) for the period before taxes9903€489€11,348▲
Profit (loss) for the period9904€489€11,348▲
Profit (loss) for the period to be appropriated9905€489€11,348▲
Appropriation of the result
Profit (loss) to be appropriated9906-€21,782-€10,434▲
Profit (loss) brought forward from the previous period14P-€22,271-€21,782▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,652€21,146€8,067▼ 61.9%
Other operating charges640/8€2,274€261€3,845▲ 1,376%
Gross operating margin9900€14,920€32,417€33,210▲ 2.4%
Operating profit (loss)9901-€15,006€11,011€21,298▲ 93.4%
Financial charges65/66B€7,265€10,522€9,951▼ 5.4%
Recurring financial charges65€7,265€10,522€9,951▼ 5.4%
Profit (loss) for the period before taxes9903-€22,271€489€11,348▲ 2,221%
Profit (loss) for the period9904-€22,271€489€11,348▲ 2,221%
Profit (loss) for the period to be appropriated9905-€22,271€489€11,348▲ 2,221%
Line202320242025Change
Assets
Total assets20/58€306,183€282,264€267,481▼ 5.2%
Fixed assets21/28€292,973€271,828€263,761▼ 3.0%
Tangible fixed assets22/27€292,973€271,828€263,761▼ 3.0%
Land and buildings22€292,973€271,828€263,761▼ 3.0%
Current assets29/58€13,210€10,436€3,720▼ 64.4%
Cash at bank and in hand54/58€13,043€10,117€3,720▼ 63.2%
Deferred charges and accrued income490/1€167€319--
Equity and liabilities
Total equity and liabilities10/49€306,183€282,264€267,481▼ 5.2%
Equity10/15-€16,271-€15,782-€4,434▲ 71.9%
Contributions10/11€6,000€6,000€6,000=
Profit (loss) carried forward14-€22,271-€21,782-€10,434▲ 52.1%
Amounts payable17/49€322,454€298,045€271,914▼ 8.8%
Amounts payable after more than one year17€263,300€248,124€232,354▼ 6.4%
Financial debts170/4€263,300€248,124€232,354▼ 6.4%
Amounts payable within one year42/48€59,154€49,922€39,561▼ 20.8%
Current portion of amounts payable after more than one year42€14,605€15,176€15,770▲ 3.9%
Trade debts44--€2,242-
Suppliers440/4--€2,242-
Other amounts payable47/48€44,549€34,746€21,549▼ 38.0%
Line202320242025Change
Profit (loss) for the period9904-€22,271€489€11,348▲ 2,221%
+ Depreciation and write-downs630€27,652€21,146€8,067▼ 61.9%
Operating cash flow (approximation)€5,381€21,635€19,415▼ 10.3%
Investment in fixed assets (approximation)-€0€0-
Change in cash--€2,926-€6,397▼ 119%

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
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2023net €11,348 ▲2,221%
Operating result €21,298, net result €11,348, both a record.
31-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €489
Net result €489 after one loss-making year.
31-07
NBB filing Annual accounts filed
fiscal year 2023 · 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, Ath · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,529 m²
Building footprint
131 m²
Volume, LiDAR
1,161 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
IMMO GBL
Rue de Condé(L) 35, 7900 Leuze-en-HainautReal estate activities
since 20232.341.731.636
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57048D0316/00B000 Wallonia 825 m² 1 · 39 m² 11.6 m · 3 fl.
51004B0811/00F107 Wallonia 704 m² 1 · 93 m² 10.8 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded09-02-2023
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798250414
Registered 02-12-2025

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

Register as of 30 September 2026 · Peppol Directory

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