IMMO GREGOIRE
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 26 days after the deadline Filed on 26 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00047741.
Annual accounts 2025 filed on 26-02-2026 PDF all 7 filings
Turnover
≈ €830,000
Estimated: probably between €630,000 and €1.4m
Total assets
€7.6m▲ 18.2%
2024 · €6.5m
Net result
€50,762
2024 · -€92,987
Working capital
-€1.6m▼ 638%
2024 · -€217,906
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€175,834
▲ 130×
2025
20192025
Net result
€50,762
2025
middle half of the sector
20192025
Equity
€50,794
▲ 1,606×
2025
middle half of the sector
20192025
Total assets
€7.6m
▲ 18.2%
2025
highest quarter of the sector
20192025
Debt
€7.6m
▲ 17.4%
2025
20192025
Working capital
-€1.6m
▼ 638%
2025
lowest quarter of the sector
20192025
Solvency
0.7%
▲ 0.7pp
2025
lowest quarter of the sector
20192025
Current ratio
0.15
▼ 0.70
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
0.7%
▲ 2.1pp
2025
middle half of the sector
20192025
Staff (FTE)
0.8
▼ 52.9%
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€0.01m-€0.06m€0.02m▼ 62.7%€0.04m▲ 109%€0.1m▲ 136%€0.001m▼ 98.7%€0.2m▲ 130×
Net result-€0.05m-€0.03mwithin the sector's middle half-€0.01mbelow the sector's middle half-€0.007mwithin the sector's middle half▲ 31.3%€0.04mwithin the sector's middle half-€0.09mbelow the sector's middle half€0.05mwithin the sector's middle half
Equity-€0.03m-€0.003mbelow the sector's middle half€0.06mbelow the sector's middle half▲ 22×€0.05mbelow the sector's middle half▼ 11.6%€0.09mwithin the sector's middle half▲ 72.7%€32below the sector's middle half▼ 100.0%€0.05mwithin the sector's middle half▲ 1,606×
Total assets€1.4m-€1.4mwithin the sector's middle half▼ 1.8%€3.3mwithin the sector's middle half▲ 135%€4.9mabove the sector's middle half▲ 48.5%€5.7mabove the sector's middle half▲ 16.1%€6.5mabove the sector's middle half▲ 13.1%€7.6mabove the sector's middle half▲ 18.2%
Debt€1.5m-€1.4m▼ 3.9%€3.3m▲ 131%€4.9m▲ 49.6%€5.6m▲ 15.4%€6.5m▲ 14.9%€7.6m▲ 17.4%
Working capital-€0.1m--€0.1mwithin the sector's middle half▲ 4.7%€0.2mwithin the sector's middle half-€0.5mbelow the sector's middle half-€0.9mbelow the sector's middle half▼ 78.2%-€0.2mbelow the sector's middle half▲ 76.0%-€1.6mbelow the sector's middle half▼ 638%
Solvency-1.9%-0.2%below the sector's middle half▲ 2.1pp1.8%below the sector's middle half▲ 1.6pp1.1%below the sector's middle half▼ 0.7pp1.6%below the sector's middle half▲ 0.5pp0.0%below the sector's middle half▼ 1.6pp0.7%below the sector's middle half▲ 0.7pp
Current ratio0.14-0.19below the sector's middle half▲ 0.051.35within the sector's middle half▲ 1.160.31below the sector's middle half▼ 1.040.06below the sector's middle half▼ 0.250.84within the sector's middle half▲ 0.780.15below the sector's middle half▼ 0.70
Return on assets (ROA)-3.2%-2.2%within the sector's middle half▲ 5.4pp-0.3%within the sector's middle half▼ 2.5pp-0.1%within the sector's middle half▲ 0.2pp0.7%within the sector's middle half▲ 0.8pp-1.4%within the sector's middle half▼ 2.1pp0.7%within the sector's middle half▲ 2.1pp
Staff (FTE)1.7within the sector's middle half0.8within the sector's middle half▼ 52.9%
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 130 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.6m
Fixed assets
€7.4m ▲ 39.1%
Current assets
€277,288 ▼ 76.2%
Equity and liabilities €7.6m
Equity
€50,794 ▲ 1,606×
Debt
€7.6m ▲ 17.4%
Debt's share of the balance-sheet total falls from 100.0% to 99.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€410,790▲
2024 · €131,259
Cash flow
€285,718▲
2024 · €36,917
ROE
99.9%
Interest coverage
3.28▲
2024 · 1.39
Debt ≤ 1 year
€1.9m▲
2024 · €1.4m
Debt > 1 year
€5.7m▲
2024 · €5.1m
Staff costs
€30,810▼
2024 · €62,405
A ratio outside any meaningful range has been withheld (balance sheet total €7.6m, equity €50,794).
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Employees at the balance-sheet date | 3 | 1 |
| full-time | 1 | - |
| part-time | 2 | 1 |
| in full-time equivalents | 2.1 | 0.5 |
| Average over the year, in full-time equivalents | 1.7 | 0.8 |
| On a permanent contract | 3 | 1 |
| Joined | 5 | 3 |
| Left | 2 | 5 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €747,000 | €747,000 | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2.4m | €1.1m | €23,055 | €2.3m |
| Financial fixed assets | - | - | - | €145 |
| Depreciation and write-downs of the year | €143,739 | €135,035 | €129,904 | €234,955 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €62,405 | €30,810 | ▼ 50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87,430 | €31,967 | €70,217 | €143,739 | €135,035 | €129,904 | €234,955 | ▲ 80.9% |
| Other operating charges640/8 | - | - | - | €18,925 | €37,590 | €224,765 | €23,608 | ▼ 89.5% |
| Gross operating margin9900 | €85,567 | €94,067 | €106,397 | €206,470 | €275,877 | €418,429 | €465,208 | ▲ 11.2% |
| Operating profit (loss)9901 | -€10,550 | €56,175 | €20,927 | €43,806 | €103,252 | €1,355 | €175,834 | ▲ 130× |
| Financial income75/76B | - | - | - | - | €39 | €0 | €0 | ▲ 4.2% |
| Recurring financial income75 | - | - | - | - | €39 | €0 | €0 | ▲ 4.2% |
| Financial charges65/66B | - | - | - | €50,884 | €61,970 | €94,342 | €125,072 | ▲ 32.6% |
| Recurring financial charges65 | €35,713 | €25,715 | €31,226 | €50,884 | €61,970 | €94,342 | €125,072 | ▲ 32.6% |
| Profit (loss) for the period before taxes9903 | -€46,263 | €30,460 | -€10,299 | -€7,078 | €41,321 | -€92,987 | €50,762 | - |
| Income taxes67/77 | - | - | - | - | €2,173 | - | - | - |
| Profit (loss) for the period9904 | -€46,263 | €30,460 | -€10,299 | -€7,078 | €39,148 | -€92,987 | €50,762 | - |
| Profit (loss) for the period to be appropriated9905 | -€46,263 | €30,460 | -€10,299 | -€7,078 | €39,148 | -€92,987 | €50,762 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.4m | €1.4m | €3.3m | €4.9m | €5.7m | €6.5m | €7.6m | ▲ 18.2% |
| Fixed assets21/28 | €1.4m | €1.4m | €2.5m | €4.7m | €5.6m | €5.3m | €7.4m | ▲ 39.1% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €2.5m | €4.7m | €5.6m | €5.3m | €7.4m | ▲ 39.1% |
| Land and buildings22 | - | - | - | €4.7m | €5.4m | €5.3m | €7.4m | ▲ 39.1% |
| Assets under construction and advance payments27 | - | - | - | - | €0.3m | - | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | €145 | - |
| Current assets29/58 | €0.02m | €0.02m | €0.8m | €0.2m | €0.06m | €1.2m | €0.3m | ▼ 76.2% |
| Amounts receivable within one year40/41 | - | - | €0.2m | €0.01m | €0.02m | €1.1m | €0.2m | ▼ 84.3% |
| Trade receivables40 | - | - | - | €0.01m | €0.02m | €0.02m | €0.04m | ▲ 168% |
| Other amounts receivable41 | - | - | - | - | - | €1.1m | €0.1m | ▼ 88.0% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.6m | €0.2m | €0.04m | €0.06m | €0.08m | ▲ 44.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €124 | €0.003m | €0.02m | ▲ 519% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €3.3m | €4.9m | €5.7m | €6.5m | €7.6m | ▲ 18.2% |
| Equity10/15 | -€0.03m | €0.003m | €0.06m | €0.05m | €0.09m | €32 | €0.05m | ▲ 1,606× |
| Contributions10/11 | €0.02m | - | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Contributions outside capital11 | - | - | - | €0.09m | - | - | - | - |
| Other1109/19 | - | - | - | €0.09m | - | - | - | - |
| Profit (loss) carried forward14 | -€0.05m | -€0.02m | -€0.03m | -€0.03m | €0.006m | -€0.09m | -€0.04m | ▲ 58.3% |
| Amounts payable17/49 | €1.5m | €1.4m | €3.3m | €4.9m | €5.6m | €6.5m | €7.6m | ▲ 17.4% |
| Amounts payable after more than one year17 | €1.3m | €1.3m | €2.6m | €4.1m | €4.6m | €5.1m | €5.7m | ▲ 12.3% |
| Financial debts170/4 | - | - | - | €4.1m | €4.6m | €4.1m | €4.7m | ▲ 15.2% |
| Other amounts payable178/9 | - | - | - | - | - | €1.0m | €1.0m | = |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.6m | €0.7m | €1.0m | €1.4m | €1.9m | ▲ 36.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 21.3% |
| Trade debts44 | - | - | €0.003m | - | €0.002m | €0.01m | €0.02m | ▲ 140% |
| Suppliers440/4 | - | - | - | - | €0.002m | €0.01m | €0.02m | ▲ 140% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.002m | €0.002m | = |
| Taxes, remuneration and social security45 | - | - | - | - | €0.005m | €380 | €0.001m | ▲ 214% |
| Taxes450/3 | - | - | - | - | €0.002m | €48 | - | - |
| Remuneration and social security454/9 | - | - | - | - | €0.002m | €331 | €0.001m | ▲ 260% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.7m | €1.1m | €1.5m | ▲ 39.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | €0.05m | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | €0.03m | -€0.01m | -€0.007m | €0.04m | -€0.09m | €0.05m | - |
| + Depreciation and write-downs630 | €0.09m | €0.03m | €0.07m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 80.9% |
| Operating cash flow (approximation) | €0.04m | €0.06m | €0.06m | €0.1m | €0.2m | €0.04m | €0.3m | ▲ 674% |
| Investment in fixed assets (approximation) | - | €0 | -€1.1m | -€2.4m | -€1.1m | €0.2m | -€2.3m | - |
| Change in cash | - | €0.006m | €0.6m | -€0.4m | -€0.2m | €0.02m | €0.03m | ▲ 44.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as IMMO GREGOIRE has now. Two years later, 94.4% were still going and 2.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
94.4%
was still going
2.7%
stopped otherwise
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO GREGOIRE itself is lower: 0.4% within 12 months. It rests on far more data about IMMO GREGOIRE than the profile alone.
Test of the method
The method was tested on the 497,446 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 1,251 companies, not a prediction for IMMO GREGOIRE. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 26-02-2026 | 2026-00047741 | |
| 30-06-2024 | abbreviated format | 31-01-2025 | 2025-00028904 | |
| 30-06-2023 | abbreviated format | 29-01-2024 | 2024-00022969 | |
| 30-06-2022 | abbreviated format | 26-01-2023 | 2023-00007104 | |
| 30-06-2021 | abbreviated format | 31-01-2022 | 2022-04600578 | |
| 30-06-2020 | abbreviated format | 29-01-2021 | 2021-04600150 | |
| 30-06-2019 | micro format | 10-02-2020 | 2020-05000045 |