Equity
-€324,741
Debts exceed assets in financial year 2025.
IMMO GEM INVEST
Lifetime
19 annual accounts with figures on one time axis, 24 filings since 2002peak €5.5m (2013)
€3.2m▼ 5.3%
lowest -€4.9m (2024)
€316,194▲ €5.2m
peak €4.5m (2021)
-€324,741▲ €316,194
€34.9m▼ 4.6%
peak 4.1 FTE (2022)
2.9 FTE▼ 27.5%
Board3 names since 2019
2 directorsCharles Finkelstein and 1 other
Owners
Documentsfilings and deeds
28-01-20263 days before the deadline
2025abbreviated format
Back to profit: €316,194Staff from 4 FTE to 2.9 FTEEquity from -€640,935 to -€324,741
Key points
from the 2025 annual accountsResult
€316,194 €316,194
Back in profit in 2025, after a loss of €4.9m in 2024.
Debts
€34.9m 97% of the balance sheet
Financial debts 87%Suppliers 3%Taxes and wages 0%Other 9%
€14.7m of the debts are secured on the company's own assets.
Filings
24 annual accounts since 2002
Four of the last ten came late. The 2020 accounts came latest: 19 days after the end of the period.
At the same address
111 companies
Position in the sector
-€324,741
Less equity than 95% of companies in real estate. Sector median €300,201 · 11,304 companies.
Checked score
55
Fair
Financially stronger than 39% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%lowest value
01-2025: 0.9%▲ +0.2 percentage points vs 12-2024
02-2025: 1.3%▲ +0.4 percentage points vs 01-2025
03-2025: 3.0%▲ +1.7 percentage points vs 02-2025
04-2025: 3.0%● unchanged vs 03-2025
05-2025: 3.0%● unchanged vs 04-2025
06-2025: 3.0%● unchanged vs 05-2025
07-2025: 3.0%● unchanged vs 06-2025
08-2025: 3.0%● unchanged vs 07-2025
09-2025: 3.1%▲ +0.1 percentage points vs 08-2025
10-2025: 3.1%● unchanged vs 09-2025
11-2025: 3.1%● unchanged vs 10-2025
12-2025: 3.2%▲ +0.1 percentage points vs 11-2025
01-2026: 3.2%● unchanged vs 12-2025highest value
02-2026: 0.8%▼ -2.4 percentage points vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.9%▲ +0.1 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€324,741
Liquidity: current ratio 0.18, cash €55,153
lowers risk
Size: 2.9 FTE, total assets €35.9m
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 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, micro). It does better than 19% of them on solvency, 16% on liquidity, 35% on profitability and 86% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,449 companies had the same profile as IMMO GEM INVEST has now. Each dot stands for 4 companies, two years later.
92.2%
were still trading
4.8%
stopped another way
2.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO GEM INVEST itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,449 companies, not a prediction for IMMO GEM INVEST. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.18 (0.1 in 2024), below 1. Short-term debt is 59.8% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 11299 sector peers (2025).
NBB · sector comparisonPosition among 11299 sector peers
Solvency
better than 16%
← weakest
strongest →
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 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
14 days late
2023
on the day
2022
on the day
2021
2 days late
2020
19 days late
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Board and ownership
Shares in 2 companies, PARKING VESTING and PROJECT PELIKAANSTRAAT
Board & ownershipRecent changes
Environmental permit granted
Bouwen of herbouwen, Het reliëf van de bodem aanmerkelijk wijzigen, Nieuwbouw of aanleggen and 2 more · Antwerpen
Reappointments: Charles Finkelstein (managing director) and Pinchas Finkelstein (director)
General meeting of 30-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0475260309
Environmental permit granted
Bouwen of herbouwen, Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Kontich
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMO GEM INVEST Antwerp | €35.9m | €3.2m | -0.9% | 2.9 |
| De Maerteleire Investment Company Merelbeke-Melle | €25.0m | €3.2m | 44.5% | 2.5 |
| VAN HYFTE INVEST Blankenberge | €36.9m | €2.9m | 29.9% | 1.9 |
| B.P.A. Lier | €49.6m | €1.3m | 59.6% | 2.7 |
| WH ARTS 20 Brussels | €27.6m | €2.0m | 18.0% | 2 |
| 3 SQUARE Ghent | €19.1m | €1.8m | 34.4% | 2.4 |
| Vander Elst Vastgoed Brussels | €41.3m | €3.5m | 25.2% | 2 |
These companies have the same main activity as IMMO GEM INVEST: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €19m and €50m, founded between 1989 and 2009.
Official details
Source: KBO- Status
- Active since 09-07-2001Normal situation
- Registered office
- 114 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Buying and selling of own real estateNACE 68110
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers
- 323Building management, estate agents and domestic staff · annual accounts 30-06-2025
- Establishment unit
- 2.093.342.8452018 Antwerp, since 21-08-2001
- Financial year end
- 30 June
- Peppol
- Reachable since 01-09-2025
Annual accounts to 30-06-2025
- ≈ €4.1mestimated
- €35.9m▼ 4.1%
- Employeeson 30-06-2025
- 4▼ 33.3%
- Filing
- Filed on 28-01-2026, 3 days before the end of the filing period
Insights on IMMO GEM INVEST
IMMO GEM INVEST files the abbreviated format. That format states no turnover. The gross margin rose from €1.5m in 2007 to €3.2m in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMO GEM INVEST
- What is the company number of IMMO GEM INVEST?
- The company number of IMMO GEM INVEST is 0475.260.309. The VAT number is the same number with BE in front: BE 0475.260.309.
- Where is IMMO GEM INVEST based?
- The registered office is at Hoveniersstraat 53, 2018 Antwerp.Company details
- What does IMMO GEM INVEST do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of IMMO GEM INVEST?
- IMMO GEM INVEST is a public limited company (NV).
- When was IMMO GEM INVEST founded?
- IMMO GEM INVEST was founded on 09-07-2001.
- Is IMMO GEM INVEST still active?
- Yes, IMMO GEM INVEST is an active enterprise in the KBO register.
- How many employees does IMMO GEM INVEST have?
- IMMO GEM INVEST had an average of 2.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does IMMO GEM INVEST fall under?
- In its 30-06-2025 annual accounts, IMMO GEM INVEST states joint committees 124 (Construction), 200 (Auxiliary committee for white-collar workers) and 323 (Building management, estate agents and domestic staff).
- What is the turnover of IMMO GEM INVEST?
- The turnover in financial year 2025 is ≈ €4.1m. This figure is estimated from the gross margin of €3.2m and 40 comparable companies (NACE 681). It probably lies between €3.3m and €8.7m. In financial year 2019 turnover was €2.4m.
- Is IMMO GEM INVEST profitable?
- In financial year 2025, IMMO GEM INVEST made a profit of €316,194.
- Where can I find the annual accounts of IMMO GEM INVEST?
- IMMO GEM INVEST filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMO GEM INVEST due?
- IMMO GEM INVEST must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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