IMMO-GROW
ActiveSummary
IMMO-GROW has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €4k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 75% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70=
Solvency94▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.34 against 5.65 in 2024; short-term debt: 8.9% and cash: 0% of total assets), and 31.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
13 d late
2023
on the day
2022
3 d late
2021
59 d late
2020
89 d late
2019
90 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€202k▲ 1.8%
2024 · €199k
2018: €191k
2019: €193k
2020: €192k
2021: €193k
2022: €192k
2023: €195k
2024: €199k
2018 → 2025
Total assets
€294k▼ 2.4%
2024 · €302k
2018: €229k
2019: €224k
2020: €331k
2021: €316k
2022: €311k
2023: €307k
2024: €302k
2018 → 2025
Net result
€4k▼ 9.7%
2024 · €4k
2018: €2k
2019: €2k
2020: €-1k
2021: €1k
2022: €4k
2023: €3k
2024: €4k
2018 → 2025
Working capital
€113k▼ 2.2%
2024 · €116k
2018: €197k
2019: €200k
2020: €145k
2021: €132k
2022: €130k
2023: €118k
2024: €116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€193k-€192k▼ 0.5%€195k▲ 1.3%€199k▲ 2.0%€202k▲ 1.8%
Operating result€4k-€8k▲ 110%€5k▼ 36.5%€7k▲ 40.6%€6k▼ 11.9%
Net result€1k-€4k▲ 192%€3k▼ 38.5%€4k▲ 50.1%€4k▼ 9.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294k
Fixed assets
€155k ▼ 3.7%
Current assets
€139k ▼ 1.0%
Equity and liabilities €294k
Equity
€202k ▲ 1.8%
Provisions
€22k ▼ 4.9%
Debt
€70k ▼ 12.3%
Debt's share of the balance-sheet total falls from 26.5% to 23.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12k▼
2024 · €13k
Cash flow
€10k▼
2024 · €10k
Current ratio
5.34▼
2024 · 5.65
Debt to equity
0.35▼
2024 · 0.40
ROE
1.8%▼
2024 · 2.0%
ROA
1.2%▼
2024 · 1.3%
Interest coverage
11.19▲
2024 · 9.38
Debt ≤ 1 year
€26k▲
2024 · €25k
Debt > 1 year
€44k▼
2024 · €55k
Income taxes
€3k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€302k€294k▼
Fixed assets21/28€161k€155k▼
Tangible fixed assets22/27€156k€150k▼
Land and buildings22€142k€138k▼
Plant, machinery and equipment23€14k€12k▼
Financial fixed assets28€5k€5k=
Current assets29/58€141k€139k▼
Amounts receivable after more than one year29€80k€80k=
Other amounts receivable291€80k€80k=
Cash at bank and in hand54/58€1k€61▼
Deferred charges and accrued income490/1€59k€59k=
Equity and liabilities
Total equity and liabilities10/49€302k€294k▼
Equity10/15€199k€202k▲
Contributions10/11€62k€62k=
Reserves13€137k€140k▲
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Tax-exempt reserves132€68k€65k▼
Distributable reserves133€62k€69k▲
Provisions and deferred taxes16€23k€22k▼
Deferred taxes168€23k€22k▼
Amounts payable17/49€80k€70k▼
Amounts payable after more than one year17€55k€44k▼
Financial debts170/4€55k€44k▼
Amounts payable within one year42/48€25k€26k▲
Current portion of amounts payable after more than one year42€11k€11k=
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€4k€3k▼
Other amounts payable47/48€9k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€3k€3k▼
Gross operating margin9900€16k€15k▼
Operating profit (loss)9901€7k€6k▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€5k€5k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€4k€4k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€7k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€7k▼
Transfer to equity691/2€7k€7k▼
To other reserves6921€7k€7k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
2025
31-12
Financial
Equity above €200kEq €202k ▲1.8%
5 profitable years in a row build equity to €202k.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
31-12
Financial
Highest result since 2018net €4k ▲192%
Operating result €8k, net result €4k, both a record.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-12
Financial
Weakest financial yearnet €-1k ▼166%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 77.18
Current ratio from 23.39 to 77.18; short-term debt falls from €9k to €3k.
Show earlier events
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 57 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 65 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Harelbeke · 1 establishment unit since 1985
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentsestraat 588530 HarelbekeGround area
185 m²
Building footprint
171 m²
Volume, LiDAR
1,167 m³
Parcel 34013A0526/00R000, Flanders · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO-GROW
since 19852.027.550.022
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34013A0526/00R000 | Flanders | 185 m² | 1 · 171 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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WM47
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CENTRE SAINT-HENRI
BE 0502.593.622
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REAL FOODS & CO
BE 0457.029.653
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Maja
BE 0404.593.829
Malle · Eq €199,064
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-07-1985
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.