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IMMO HOURDENGE

Active
Public limited companyfounded 199135 yrs activeRinglaan 144d, 1180 Ukkel, BelgiumKBO/BCE: BE 0443.938.019
Summary

The annual accounts of IMMO HOURDENGE for fiscal year 2025 show a net loss of 75% of the equity at the start of that year. The 2025 annual accounts show equity of €105,833 and a net result of -€309,933. Equity is shrinking by ~9.2% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability50▼-16
Solvency32▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 7.97 against 12.99 in 2024; short-term debt: 7.5% and cash: 1.1% of total assets), but 92.6% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 35 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
7.4%
Return on assets
-21.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 filings
Deviation from the deadline
2025
29 d late
2024
27 d late
2023
30 d late
2022
31 d late
2021
30 d early
2020
46 d early
2019
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 6 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.
Companies Code · seven months
Position in the running window
28-09-2026 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 HOURDENGE was incorporated on 15 April 1991.1 Total assets rose from EUR 969,104 in 2018 to EUR 1.4 million in 2025.2

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

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€309,933
2024 · €2,835
Working capital
€740,577▼ 4.4%
2024 · €774,383
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-€18,076€9,871€19,747▲ 100%€15,049▼ 23.8%€16,351▲ 8.6%
Net result-€20,941€12,367-€1,756€2,835-€309,933
Equity€402,320▼ 22.4%€414,687▲ 3.1%€412,930▼ 0.4%€415,766▲ 0.7%€105,833▼ 74.5%
Total assets€2.1m▲ 83.9%€2.0m▼ 5.0%€1.9m▼ 3.9%€1.8m▼ 5.0%€1.4m▼ 20.2%
Debt€1.7m▲ 176%€1.5m▼ 7.0%€1.5m▼ 4.9%€1.4m▼ 6.6%€1.3m▼ 3.7%
Working capital€861,792▲ 84.9%€839,634▼ 2.6%€808,942▼ 3.7%€774,383▼ 4.3%€740,577▼ 4.4%
Result per fiscal year
Operating resultNet result
-€400,000-€300,000-€200,000-€100,000€0Operating result 2021: -€18,076-€18,076Net result 2021: -€20,941-€20,941Operating result 2022: €9,871€9,871Net result 2022: €12,367€12,367Operating result 2023: €19,747€19,747Net result 2023: -€1,756-€1,756Operating result 2024: €15,049€15,049Net result 2024: €2,835€2,835Operating result 2025: €16,351€16,351Net result 2025: -€309,933-€309,93320212022202320242025-€400,000-€300,000-€200,000-€100,000€0Operating result 2023: €19,747€19,700Net result 2023: -€1,756-€1,760Operating result 2024: €15,049€15,000Net result 2024: €2,835€2,840Operating result 2025: €16,351€16,400Net result 2025: -€309,933-€310,000202320242025
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €576,192 ▼ 39.0%
Current assets €846,798 ▲ 0.9%
Equity and liabilities €1.4m
Equity €105,833 ▼ 74.5%
Debt €1.3m ▼ 3.7%
Debt's share of the balance-sheet total rises from 76.7% to 92.6%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€70,511▲
2024 · €69,210
Cash flow
-€255,772▼
2024 · €56,995
Current ratio
7.97▼
2024 · 12.99
Debt to equity
12.45▲
2024 · 3.29
ROE
-292.9%▼
2024 · 0.7%
ROA
-21.8%▼
2024 · 0.2%
Interest coverage
6.17▲
2024 · 5.67
Debt ≤ 1 year
€106,221▲
2024 · €64,572
Debt > 1 year
€783,567▼
2024 · €834,948
Income taxes
€800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 175 companies that looked in July 2024 the way this one looks now, 4.0% went bankrupt within 24 months and 85% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
4.0% went bankrupt
8.0% stopped otherwise
85% still going

A further 3.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 175 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 · 53 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€1.4m▼
Fixed assets21/28€944,402€576,192▼
Tangible fixed assets22/27€620,352€566,192▼
Furniture and vehicles24€200-
Leasing and similar rights25€620,152€566,192▼
Financial fixed assets28€324,049€10,000▼
Current assets29/58€838,955€846,798▲
Amounts receivable after more than one year29€810,071€799,485▼
Other amounts receivable291€810,071€799,485▼
Amounts receivable within one year40/41€20,075€16,698▼
Trade receivables40€9,829€6,476▼
Other amounts receivable41€10,245€10,222▼
Cash at bank and in hand54/58€7,563€15,247▲
Deferred charges and accrued income490/1€1,246€15,368▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.4m▼
Equity10/15€415,766€105,833▼
Contributions10/11€102,400€102,400=
Capital10€102,400€102,400=
Issued capital100€102,400€102,400=
Reserves13€301,383€301,383=
Non-distributable reserves130/1€10,240€10,240=
Legal reserve130€10,240€10,240=
Distributable reserves133€291,143€291,143=
Profit (loss) carried forward14€11,983-€297,950▼
Amounts payable17/49€1.4m€1.3m▼
Amounts payable after more than one year17€834,948€783,567▼
Financial debts170/4€733,988€682,607▼
Other amounts payable178/9€100,960€100,960=
Amounts payable within one year42/48€64,572€106,221▲
Current portion of amounts payable after more than one year42€50,457€51,356▲
Trade debts44€9,617€24,789▲
Suppliers440/4€9,617€24,789▲
Taxes, remuneration and social security45€3,535€16,335▲
Taxes450/3€3,535€4,335▲
Remuneration and social security454/9-€12,000
Other amounts payable47/48€963€13,740▲
Accrued charges and deferred income492/3€468,071€427,370▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,160€54,160=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21,221-
Other operating charges640/8€17,056€18,359▲
Gross operating margin9900€107,486€88,870▼
Operating profit (loss)9901€15,049€16,351▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€12,215€325,483▲
Recurring financial charges65€12,215€11,434▼
Non-recurring financial charges66B-€314,049
Profit (loss) for the period before taxes9903€2,835-€309,133▼
Income taxes67/77-€800
Profit (loss) for the period9904€2,835-€309,933▼
Profit (loss) for the period to be appropriated9905€2,835-€309,933▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,983-€297,950▼
Profit (loss) brought forward from the previous period14P€9,148€11,983▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A€218,823-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,841€54,835€54,835€54,160€54,160=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€13,782€21,221--
Other operating charges640/8€41,047€14,975€16,483€17,056€18,359▲ 7.6%
Non-recurring operating charges66A€198,472€1,936----
Gross operating margin9900€249,284€81,617€104,846€107,486€88,870▼ 17.3%
Operating profit (loss)9901-€18,076€9,871€19,747€15,049€16,351▲ 8.6%
Financial income75/76B€20,865€24,906€0€0--
Recurring financial income75€20,865€24,906€0€0--
Financial charges65/66B€23,730€22,410€21,503€12,215€325,483▲ 2,565%
Recurring financial charges65€23,730€22,410€21,503€12,215€11,434▼ 6.4%
Non-recurring financial charges66B----€314,049-
Profit (loss) for the period before taxes9903-€20,941€12,367-€1,756€2,835-€309,133▼ 11,003%
Income taxes67/77----€800-
Profit (loss) for the period9904-€20,941€12,367-€1,756€2,835-€309,933▼ 11,032%
Profit (loss) for the period to be appropriated9905-€20,941€12,367-€1,756€2,835-€309,933▼ 11,032%
Line20212022202320242025Change
Assets
Total assets20/58€2.1m€2.0m€1.9m€1.8m€1.4m▼ 20.2%
Fixed assets21/28€1.1m€1.1m€998,587€944,402€576,192▼ 39.0%
Tangible fixed assets22/27€784,182€729,347€674,513€620,352€566,192▼ 8.7%
Plant, machinery and equipment23€1,349€674----
Furniture and vehicles24€800€600€400€200--
Leasing and similar rights25€782,033€728,073€674,113€620,152€566,192▼ 8.7%
Financial fixed assets28€321,654€321,654€324,074€324,049€10,000▼ 96.9%
Current assets29/58€952,364€903,437€879,283€838,955€846,798▲ 0.9%
Amounts receivable after more than one year29€894,395€856,724€819,857€810,071€799,485▼ 1.3%
Other amounts receivable291€894,395€856,724€819,857€810,071€799,485▼ 1.3%
Amounts receivable within one year40/41€26,073€21,111€27,295€20,075€16,698▼ 16.8%
Trade receivables40€16,813€380€7,649€9,829€6,476▼ 34.1%
Other amounts receivable41€9,259€20,731€19,645€10,245€10,222▼ 0.2%
Cash at bank and in hand54/58€30,903€25,602€30,969€7,563€15,247▲ 102%
Deferred charges and accrued income490/1€994-€1,163€1,246€15,368▲ 1,134%
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.0m€1.9m€1.8m€1.4m▼ 20.2%
Equity10/15€402,320€414,687€412,930€415,766€105,833▼ 74.5%
Contributions10/11€102,400€102,400€102,400€102,400€102,400=
Capital10€102,400€102,400€102,400€102,400€102,400=
Issued capital100€102,400€102,400€102,400€102,400€102,400=
Reserves13€289,016€301,383€301,383€301,383€301,383=
Non-distributable reserves130/1€10,240€10,240€10,240€10,240€10,240=
Legal reserve130€10,240€10,240€10,240€10,240€10,240=
Distributable reserves133€278,776€291,143€291,143€291,143€291,143=
Profit (loss) carried forward14€10,904€10,904€9,148€11,983-€297,950▼ 2,586%
Amounts payable17/49€1.7m€1.5m€1.5m€1.4m€1.3m▼ 3.7%
Amounts payable after more than one year17€975,131€926,474€885,825€834,948€783,567▼ 6.2%
Financial debts170/4€862,651€813,994€784,445€733,988€682,607▼ 7.0%
Other amounts payable178/9€112,480€112,480€101,380€100,960€100,960=
Amounts payable within one year42/48€90,572€63,803€70,342€64,572€106,221▲ 64.5%
Current portion of amounts payable after more than one year42€47,782€48,657€49,549€50,457€51,356▲ 1.8%
Trade debts44€13,755€8,184€17,198€9,617€24,789▲ 158%
Suppliers440/4€13,755€8,184€17,198€9,617€24,789▲ 158%
Taxes, remuneration and social security45€4,036€5,028€3,535€3,535€16,335▲ 362%
Taxes450/3€2,520€5,028€3,535€3,535€4,335▲ 22.6%
Remuneration and social security454/9€1,516---€12,000-
Other amounts payable47/48€25,000€1,933€59€963€13,740▲ 1,327%
Accrued charges and deferred income492/3€590,177€549,475€508,773€468,071€427,370▼ 8.7%
Line20212022202320242025Change
Profit (loss) for the period9904-€20,941€12,367-€1,756€2,835-€309,933▼ 11,032%
+ Depreciation and write-downs630€27,841€54,835€54,835€54,160€54,160=
Operating cash flow (approximation)€6,900€67,202€53,078€56,995-€255,772▼ 549%
Investment in fixed assets (approximation)-€0-€2,420€25€314,049▲ 1,264,697%
Change in cash--€5,301€5,367-€23,405€7,683▲ 133%

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
29-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
31-12
Financial Weakest financial yearnet -€309,933
Net result drops to -€309,933, the lowest in the series.
27-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial Back to profitnet €2,835
Net result €2,835 after one loss-making year.
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial Back to profitnet €12,367
Net result €12,367 after one loss-making year.
01-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Liquidity triplescurrent ratio 11.94
Current ratio from 3.95 to 11.94; short-term debt falls from €85,578 to €47,937.
13-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Ukkel · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
1.6 ha
Building footprint
2,082 m²
Volume, LiDAR
48,655 m³
Parcel 21612D0088/00H000, Brussels · tallest building 29.6 m, ±8 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
Ringlaan 144D, 1180 Ukkel
NACE 70201
since 19912.053.021.331
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612D0088/00H000 Brussels 1.6 ha 1 · 2,082 m² 29.6 m · 8 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 owners · 2 holdings

Chain of control

  1. FUDEVI 88%
  2. IMMO HOURDENGE

Highest known parent: FUDEVI. The sources do not say who stands above it.

Owners 2

Holdings 2

According to the 2025 annual accounts of IMMO HOURDENGE 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 formPublic limited company
Founded15-04-1991
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0443938019
Registered 07-07-2026

Register as of 28 September 2026 · Peppol Directory

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