IMMO LARSOV
ActiveSummary
IMMO LARSOV has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €669,229 and a net result of €16,216. Equity has been growing by about 6.3% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-08-2009 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.185.328.935 2250 Olen, since 24-08-2009
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €187,990
- ▼ 0.3%
- Turnover
- ≈ €470,000
- estimated
- Profit
- €16,216
- ▼ 7.8%
- Equity
- €669,229
- ▲ 2.5%
- Total assets
- €4.0m
- ▼ 0.1%
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskEquity €669,229 (16.6% of total assets)lowers riskSize: total assets €4.0mFigures for financial year 2025 (filed on 01-09-2026)No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, small). It does better than 25% of them on solvency, 10% on liquidity, 72% on profitability and 60% on growth.
The bankruptcy probability was computed on 04-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 11 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00477717.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 17 filings
Every figure per financial year
The operating result for 2025 is 22% lower than in 2024 and the lowest since 2018. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €100,385 | €93,955 | - | €39,235 | €26,175 |
| Depreciation and write-downs of the year | €134,976 | €142,948 | €138,272 | €139,267 | €140,649 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €67,288 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €124,225 | €125,940 | €131,257 | €134,976 | €142,948 | €138,272 | €139,267 | €140,649 | ▲ 1.0% |
| Other operating charges640/8 | - | - | - | €31,260 | €32,001 | €34,788 | €35,650 | €36,768 | ▲ 3.1% |
| Gross operating margin9900 | €181,180 | €212,055 | €199,587 | €202,422 | €218,241 | €262,916 | €188,482 | €187,990 | ▼ 0.3% |
| Operating profit (loss)9901 | €30,656 | €59,148 | €36,974 | €36,186 | €43,292 | €89,857 | €13,565 | €10,573 | ▼ 22.1% |
| Financial income75/76B | - | - | - | €80 | €4 | €0 | €10,047 | €11,987 | ▲ 19.3% |
| Recurring financial income75 | - | - | - | €80 | €4 | €0 | €10,047 | €11,987 | ▲ 19.3% |
| Financial charges65/66B | - | - | - | €316 | €161 | €161 | €163 | €939 | ▲ 478% |
| Recurring financial charges65 | €1,187 | €916 | €585 | €316 | €161 | €161 | €163 | €939 | ▲ 478% |
| Profit (loss) for the period before taxes9903 | €29,469 | €58,232 | €36,389 | €35,950 | €43,135 | €89,696 | €23,450 | €21,621 | ▼ 7.8% |
| Income taxes67/77 | - | €12,427 | €9,685 | €8,963 | €10,749 | €22,424 | €5,862 | €5,405 | ▼ 7.8% |
| Profit (loss) for the period9904 | €29,469 | €45,805 | €26,704 | €26,987 | €32,386 | €67,272 | €17,587 | €16,216 | ▼ 7.8% |
| Profit (loss) for the period to be appropriated9905 | €29,469 | €45,805 | €26,704 | €26,987 | €32,386 | €67,272 | €17,587 | €16,216 | ▼ 7.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.8m | €4.0m | €4.0m | €4.0m | €4.0m | €4.1m | €4.0m | €4.0m | ▼ 0.1% |
| Fixed assets21/28 | €3.6m | €3.6m | €3.5m | €3.5m | €3.5m | €3.2m | €3.1m | €3.0m | ▼ 3.7% |
| Tangible fixed assets22/27 | €3.6m | €3.6m | €3.5m | €3.5m | €3.5m | €3.2m | €3.1m | €3.0m | ▼ 3.7% |
| Land and buildings22 | - | - | - | €3.5m | €3.4m | €3.2m | €3.1m | €3.0m | ▼ 3.7% |
| Plant, machinery and equipment23 | - | - | - | - | €0.001m | €0.001m | €0.001m | €478 | ▼ 40.2% |
| Current assets29/58 | €0.2m | €0.5m | €0.5m | €0.5m | €0.6m | €0.9m | €0.9m | €1.0m | ▲ 11.7% |
| Amounts receivable within one year40/41 | - | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 5.8% |
| Trade receivables40 | - | - | - | €0.002m | - | - | €0.002m | €0.002m | = |
| Other amounts receivable41 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.4m | ▲ 5.8% |
| Current investments50/53 | - | - | - | - | - | €0.3m | €0.4m | €0.5m | ▲ 24.8% |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 5.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | €0.003m | €0.002m | €0.003m | ▲ 11.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.8m | €4.0m | €4.0m | €4.0m | €4.0m | €4.1m | €4.0m | €4.0m | ▼ 0.1% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.7m | €0.7m | ▲ 2.5% |
| Contributions10/11 | €0.5m | €0.5m | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | - | €0.03m | €0.06m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 8.0% |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.05m | €0.09m | €0.2m | €0.2m | €0.2m | ▲ 8.0% |
| Profit (loss) carried forward14 | -€0.01m | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €3.4m | €3.5m | €3.5m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | ▼ 0.6% |
| Amounts payable after more than one year17 | €0.07m | €0.03m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €3.3m | €3.5m | €3.5m | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | ▼ 0.6% |
| Trade debts44 | - | €54 | - | - | €0.001m | €26 | €0.004m | €0.001m | ▼ 73.9% |
| Suppliers440/4 | - | - | - | - | €0.001m | €26 | €0.004m | €0.001m | ▼ 73.9% |
| Other amounts payable47/48 | - | - | - | €3.4m | €3.4m | €3.4m | €3.4m | €3.4m | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €0.003m | €0.003m | ▼ 0.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,469 | €45,805 | €26,704 | €26,987 | €32,386 | €67,272 | €17,587 | €16,216 | ▼ 7.8% |
| + Depreciation and write-downs630 | €124,225 | €125,940 | €131,257 | €134,976 | €142,948 | €138,272 | €139,267 | €140,649 | ▲ 1.0% |
| Operating cash flow (approximation) | €153,693 | €171,745 | €157,961 | €161,963 | €175,334 | €205,544 | €156,855 | €156,865 | = |
| Investment in fixed assets (approximation) | - | -€38,286 | -€107,645 | -€100,385 | -€93,955 | €113,758 | -€39,235 | -€26,175 | ▲ 33.3% |
| Change in cash | - | €68,708 | -€17,652 | -€15,609 | €57,818 | €39,858 | -€127,596 | -€9,983 | ▲ 92.2% |
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, 4,107 companies had the same profile as IMMO LARSOV has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO LARSOV itself: < 0.1% within 12 months.
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 4,107 companies, not a prediction for IMMO LARSOV. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00477717 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00446355 | |
| 31-12-2023 | micro format | 28-06-2024 | 2024-00204773 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00191666 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20395202 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64200037 | |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43500072 | |
| 31-12-2018 | micro format | 09-08-2019 | 2019-45100052 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-52700026 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-57700365 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-03-2023 Converted to unavailable equity · €482,077
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| MATHEUSSEN Michel Jozef |
|
Network & group
Companies at the same address
2 other companiesConnections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
08-03
Gazette deed
Change of role: MATHEUSSEN Michel Jozef, from statutory director to directorDirector discharge: MATHEUSSEN Michel Jozef7 points ▸
- General meeting, 28-02-2023
- Director resignation, MATHEUSSEN Michel Jozef (statutory director)
- Director discharge, MATHEUSSEN Michel Jozef
- Director appointment, MATHEUSSEN Michel Jozef, mentioned 2 times in the deed
- 100 shares
- Power of attorney, Jan Van Hemeldonck
- Registered office clause, Lichtaartseweg 19, 2250 Olen
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13029C0148/00M007 | Flanders | 3,409 m² | 1 · 266 m² | 11.4 m · 2 |