Equity
IMMO LIZEE has made a profit without a break since 2020.
IMMO LIZEE has made a profit without a break since 2020.
Of this, €172,582 falls due within a year.
2025 accounts not filed: deadline was 31-07-2026.
A confirmed filing finding caps the score at 59.
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 25% of them on solvency, 21% on liquidity, 34% on profitability and 70% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2024.
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).
In July 2024, 3,984 companies had the same profile as IMMO LIZEE has now. Each dot stands for 10 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO LIZEE itself: 1.3% within 12 months.
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 3,984 companies, not a prediction for IMMO LIZEE. 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.
Liquidity is insufficient, with a current ratio of 0.54 (0.76 in 2023), below 1. Short-term debt is 38.8% and cash 4.6% of total assets. 84.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 106 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
IMMO LIZEE files the micro format. That format states no turnover. The gross margin rose from €39,073 in 2008 to €61,913 in 2024.
The balance sheet grew most in 2011 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 9 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €120,000 and €320,000.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
445,030 | 493,730 | 510,816 | 528,695 | 553,787 | 589,990 | 637,345 | 685,587 | 647,170 | 686,558 | 734,177 | 768,490 | 806,884 | 857,174 | 283,482 | 297,307 | 319,242 | |
21/28 |
351,346 | 378,287 | 405,779 | 434,266 | 469,928 | 518,715 | 567,876 | 584,629 | 582,752 | 632,986 | 683,658 | 731,347 | 774,043 | 751,141 | 260,731 | 270,267 | 289,874 | |
22/27 |
351,346 | 378,287 | 405,779 | 434,266 | 469,928 | 518,715 | 567,876 | 584,629 | 582,752 | 632,986 | 683,658 | 731,347 | 774,043 | 751,141 | 260,731 | 270,267 | 289,874 | |
22 |
333,717 | 353,464 | 373,211 | 392,958 | 412,705 | 432,452 | 452,199 | 471,946 | 481,584 | 511,439 | 541,294 | 571,149 | 601,004 | 630,859 | 260,174 | 269,431 | 288,760 | |
23 |
17,629 | 24,822 | 32,568 | 41,308 | 57,224 | 86,263 | 115,302 | 111,934 | 100,043 | 120,047 | 142,364 | 159,168 | 170,979 | 120,282 | 557 | 836 | 1,114 | |
24 |
- | - | - | - | - | - | 375 | 750 | 1,125 | 1,500 | - | 1,030 | 2,060 | - | - | - | - | |
29/58 |
93,685 | 115,444 | 105,037 | 94,429 | 83,858 | 71,276 | 69,469 | 100,958 | 64,417 | 53,572 | 50,519 | 37,143 | 32,841 | 106,033 | 22,751 | 27,040 | 29,368 | |
40/41 |
73,165 | 94,744 | 83,577 | 71,959 | 62,384 | 49,821 | 48,026 | 79,466 | 43,473 | 33,003 | 30,344 | 10,263 | 5,514 | 16,212 | 2,251 | - | - | |
40 |
- | - | - | - | - | 180 | 2,392 | 158 | - | - | - | 1,971 | 5,514 | - | - | - | - | |
41 |
73,165 | 94,744 | 83,577 | 71,959 | 62,384 | 49,641 | 45,634 | 79,308 | 43,473 | 33,003 | 30,344 | 8,292 | - | 16,212 | 2,251 | - | - | |
54/58 |
20,520 | 20,520 | 20,520 | 20,520 | 20,520 | 20,520 | 20,520 | 20,520 | 20,519 | 20,519 | 16,175 | 26,595 | 27,327 | 89,821 | 20,500 | 350 | 1,051 | |
490/1 |
- | 180 | 941 | 1,950 | 954 | 935 | 923 | 972 | 425 | 49 | 4,000 | 285 | - | - | - | 26,690 | 28,317 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
445,030 | 493,730 | 510,816 | 528,695 | 553,787 | 589,990 | 637,345 | 685,587 | 647,170 | 686,558 | 734,177 | 768,490 | 806,884 | 857,174 | 283,482 | 297,307 | 319,242 | |
10/15 |
67,253 | 59,846 | 33,848 | 16,660 | -1,919 | -10,803 | -798 | -4,571 | 1,128 | 2,355 | 6,466 | 1,875 | -3,385 | 7,769 | 30,488 | 26,450 | 16,011 | |
10/11 |
- | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
13 |
30,488 | 30,488 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,896 | 11,897 | 11,896 | 7,858 | 3,272 | |
130/1 |
- | - | 1,821 | 1,821 | 1,821 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,821 | 1,735 | |
1311 |
- | - | 1,821 | 1,821 | 1,821 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
30,488 | 30,488 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,075 | 10,076 | 10,075 | 6,037 | 1,537 | |
14 |
36,765 | 29,358 | 3,360 | -13,828 | -32,407 | -41,291 | -31,286 | -35,059 | -29,360 | -28,133 | -24,023 | -28,613 | -33,873 | -22,720 | - | - | -5,853 | |
17/49 |
377,777 | 433,884 | 476,968 | 512,035 | 555,705 | 600,793 | 638,143 | 690,158 | 646,041 | 684,203 | 727,712 | 766,615 | 810,269 | 849,405 | 252,994 | 270,857 | 303,231 | |
17 |
205,195 | 281,881 | 358,585 | 416,987 | 439,623 | 498,563 | 556,457 | 608,591 | 591,816 | 636,077 | 678,277 | 718,508 | 752,012 | 774,593 | 234,899 | 206,280 | 215,761 | |
170/4 |
205,195 | 281,881 | 358,585 | 416,987 | 439,623 | 498,563 | 556,457 | 608,591 | 591,816 | 636,077 | 678,277 | 718,508 | 752,012 | 774,593 | 234,899 | 206,280 | 215,761 | |
42/48 |
172,582 | 151,618 | 118,384 | 95,048 | 116,082 | 102,230 | 81,685 | 81,567 | 54,226 | 48,126 | 49,435 | 48,107 | 58,257 | 74,812 | 18,095 | 64,577 | 86,189 | |
42 |
98,320 | 82,247 | 58,402 | 58,337 | 80,116 | 56,282 | 49,195 | 52,219 | 44,261 | 42,200 | 45,798 | 44,607 | 39,435 | - | - | 8,900 | 8,260 | |
43 |
12,677 | 14,806 | 15,211 | 13,618 | 15,728 | 14,753 | 15,141 | 15,285 | 4,637 | 2,840 | - | - | 3,364 | - | 432 | 1,067 | - | |
430/8 |
12,677 | 14,806 | 15,211 | 13,618 | 15,728 | 14,753 | 15,141 | 15,285 | 4,637 | 2,840 | - | - | 3,364 | - | 432 | 1,067 | - | |
44 |
3,934 | 3,816 | 2,814 | 4,039 | 5,261 | 4,205 | 6,176 | 13,063 | 4,327 | 2,086 | 2,637 | 2,500 | 4,166 | 7,187 | 5,320 | 1,020 | 1,625 | |
440/4 |
3,934 | 3,816 | 2,814 | 4,039 | 5,261 | 4,205 | 6,176 | 13,063 | 4,327 | 2,086 | 2,637 | 2,500 | 4,166 | 7,187 | 5,320 | 1,020 | 1,625 | |
45 |
13,897 | 16,532 | 10,591 | 3,829 | - | - | - | - | - | - | - | - | 898 | 3,965 | 3,965 | 3,699 | 525 | |
450/3 |
13,897 | 16,532 | 10,591 | 3,829 | - | - | - | - | - | - | - | - | 898 | 3,965 | 3,965 | 3,699 | 525 | |
47/48 |
43,755 | 34,217 | 31,365 | 15,225 | 14,977 | 26,991 | 11,172 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 10,394 | 63,660 | 8,378 | 49,891 | 75,779 | |
492/3 |
- | 384 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,281 | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | 10,313 | - | - | - | - | - | - | - | - | - | |
9900 |
61,913 | 88,974 | 81,892 | 106,308 | 75,637 | 78,110 | 87,194 | 77,488 | 88,727 | 83,563 | 99,306 | 100,472 | 81,009 | 55,703 | 47,424 | 45,598 | 39,073 | |
630 |
26,941 | 27,492 | 28,488 | 35,662 | 48,786 | 49,161 | 49,161 | 45,920 | 52,280 | 52,547 | 53,202 | 52,651 | 51,934 | 43,729 | 9,536 | 19,607 | 20,210 | |
640/8 |
4,646 | 4,132 | 4,674 | 3,820 | 3,796 | 3,761 | 3,548 | 4,134 | 4,133 | 5,196 | 2,526 | 3,809 | 3,202 | 2,712 | 1,911 | 1,902 | 2,496 | |
9901 |
30,326 | 57,350 | 48,730 | 66,825 | 23,055 | 25,188 | 34,486 | 27,434 | 32,314 | 25,819 | 43,578 | 44,011 | 25,873 | 9,262 | 35,977 | 24,089 | 16,367 | |
75/76B |
0 | 3 | - | 1,863 | - | 11 | - | 3 | 0 | 2 | 1 | 76 | 280 | 42 | - | 1,294 | - | |
75 |
0 | 3 | - | 1,863 | - | 11 | - | 3 | 0 | 2 | 1 | 76 | 280 | 42 | - | 1,294 | - | |
65/66B |
18,794 | 21,584 | 24,780 | 46,280 | 14,171 | 35,204 | 30,713 | 33,136 | 33,541 | 29,932 | 38,988 | 38,828 | 36,132 | 31,999 | 24,862 | 14,949 | 15,156 | |
65 |
18,794 | 21,584 | 24,780 | 46,280 | 14,171 | 35,204 | 30,713 | 33,136 | 33,541 | 29,932 | 38,988 | 38,828 | 36,132 | 31,999 | 24,862 | 14,949 | 15,156 | |
9903 |
11,533 | 35,769 | 23,949 | 22,408 | 8,884 | -10,005 | 3,773 | -5,699 | -1,226 | -4,111 | 4,591 | 5,260 | -9,978 | -22,695 | 11,115 | 10,434 | 1,211 | |
67/77 |
4,126 | 9,770 | 6,762 | 3,829 | - | - | - | - | - | - | - | - | 1,175 | 25 | 7,077 | 4,495 | 525 | |
9904 |
7,407 | 25,999 | 17,187 | 18,579 | 8,884 | -10,005 | 3,773 | -5,699 | -1,226 | -4,111 | 4,591 | 5,260 | -11,153 | -22,720 | 4,038 | 5,939 | 686 | |
9905 |
7,407 | 25,999 | 17,187 | 18,579 | 8,884 | -10,005 | 3,773 | -5,699 | -1,226 | -4,111 | 4,591 | 5,260 | -11,153 | -22,720 | 4,038 | 5,939 | 686 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
36,765 | 29,358 | 3,360 | -13,828 | -32,407 | -41,291 | -31,286 | -35,059 | -29,360 | -28,133 | -24,023 | -28,613 | -33,873 | -22,720 | 4,038 | 86 | -5,853 | |
14P |
29,358 | 3,360 | -13,828 | -32,407 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,038 | 86 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 86 | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,038 | - | - | |
| Document | ||||||||||||||||||
The accounts for 30 older financial years (1977-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 18-09-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 18-09-2025 | 2025-00496001 | |
| 31-12-2023 | micro format | 28-01-2025 | 2025-00025310 | |
| 31-12-2022 | micro format | 10-10-2023 | 2023-00487477 | |
| 31-12-2021 | micro format | 12-12-2022 | 2022-20541102 | |
| 31-12-2020 | micro format | 15-10-2021 | 2021-72500340 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74300545 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-56000554 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61800595 | |
| 31-12-2016 | micro format | 29-08-2017 | 2017-58900114 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-59200518 | |
| 31-12-2014 | full format | 29-09-2015 | 2015-62700141 | |
| 31-12-2013 | full format | 12-08-2014 | 2014-42900012 | |
| 31-12-2012 | full format | 31-10-2013 | 2013-65300120 | |
| 31-12-2011 | full format | 22-08-2012 | 2012-43500516 | |
| 31-12-2010 | full format | 18-07-2011 | 2011-30700340 | |
| 31-12-2009 | full format | 23-06-2010 | 2010-21100073 | |
| 31-12-2008 | full format | 13-08-2009 | 2009-57300157 | |
| 31-12-2006 | full format | 30-08-2007 | 2007-64600034 | |
| 31-12-2005 | full format | 19-07-2006 | 2006-48400111 | |
| 31-12-2004 | full format | 28-07-2005 | 2005-58600977 | |
| 31-12-2003 | full format | 27-07-2004 | 2004-51401590 | |
| 31-12-2002 | full format | 15-04-2003 | 2003-11001798 | |
| 31-12-2001 | full format | 05-06-2002 | 2002-17203596 | |
| 31-12-2000 | full format | 13-07-2001 | 2001-37703418 | |
| 31-12-1999 | full format | 12-07-2000 | 2000-40404794 | |
| 31-12-1998 | full format | 23-09-1999 | 1999-48402385 | |
| 31-12-1997 | full format | 16-07-1998 | 1998-33501774 | |
| 31-12-1996 | abbreviated format | 25-07-1997 | 1997-33600423 | |
| 31-12-1995 | abbreviated format | 16-07-1996 | 1996-34501585 | |
| 31-12-1994 | abbreviated format | 13-07-1995 | 1995-39901390 | |
| 31-12-1993 | abbreviated format | 16-09-1994 | 1994-40202484 | |
| 31-12-1992 | abbreviated format | 29-07-1993 | 1993-29700732 | |
| 31-12-1991 | abbreviated format | 19-10-1992 | 1992-35700439 | |
| 31-12-1990 | abbreviated format | 26-07-1991 | 1991-20002762 | |
| 31-12-1989 | abbreviated format | 06-07-1990 | 1990-15800511 | |
| 31-12-1988 | abbreviated format | 20-07-1989 | 1989-17801329 | |
| 31-12-1987 | abbreviated format | 13-07-1988 | 1988-15401831 | |
| 31-12-1986 | full format | 17-07-1987 | 1987-17903081 | |
| 31-12-1985 | full format | 20-08-1986 | 1986-35601582 | |
| 31-12-1984 | full format | 30-05-1985 | 1985-06801058 | |
| 31-12-1983 | unclassified schema | 12-04-1984 | 1984-01700916 | |
| 31-12-1982 | unclassified schema | 02-06-1983 | 1983-04200419 | |
| 31-12-1981 | unclassified schema | 19-04-1982 | 1982-01601527 | |
| 31-12-1980 | unclassified schema | 17-06-1981 | 1981-05602107 | |
| 31-12-1979 | unclassified schema | 29-04-1980 | 1980-01901516 | |
| 31-12-1978 | unclassified schema | 27-08-1979 | 1979-10401933 | |
| 31-12-1977 | unclassified schema | 01-08-1978 | 1978-05902459 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,267 | 84,842 | 77,217 | 102,487 | 71,841 | 74,349 | 83,647 | 73,355 | 84,594 | 78,367 | 96,780 | 96,662 | 77,808 | 52,991 | 45,513 | 43,696 | 36,577 | ||
| 34,347 | 53,491 | 45,675 | 54,241 | 57,670 | 39,156 | 52,934 | 40,221 | 51,054 | 48,436 | 57,793 | 57,910 | 40,781 | 21,009 | 13,574 | 25,546 | 20,896 | ||
| 0 | 0 | 0 | 0 | -0 | 0 | 32,408 | 37,485 | 2,046 | 1,875 | 57,678 | 9,954 | 74,836 | 534,139 | 0 | 0 | 1,393 | ||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 4,344 | -10,420 | -732 | -62,494 | 69,321 | 20,150 | -701 | - | ||
| -78,897 | -36,174 | -13,346 | -619 | -32,224 | -30,955 | -12,216 | 19,391 | 10,192 | 5,446 | 1,084 | -10,964 | -25,416 | 31,221 | 4,656 | -37,537 | -56,821 | ||
| 15.1% | 12.1% | 6.6% | 3.2% | -0.3% | -1.8% | -0.1% | -0.7% | 0.2% | 0.3% | 0.9% | 0.2% | -0.4% | 0.9% | 10.8% | 8.9% | 5.0% | ||
| 0.54 | 0.76 | 0.89 | 0.99 | 0.72 | 0.70 | 0.85 | 1.24 | 1.19 | 1.11 | 1.02 | 0.77 | 0.56 | 1.42 | 1.26 | 0.42 | 0.34 | ||
| 5.62 | 7.25 | 14.09 | 30.73 | - | - | - | - | - | - | - | - | - | - | 8.30 | 10.24 | 18.94 | ||
| 11.0% | 43.4% | 50.8% | 111.5% | - | - | - | - | -108.7% | -174.6% | 71.0% | 280.5% | - | -292.4% | 13.2% | 22.5% | 4.3% | ||
| 1.7% | 5.3% | 3.4% | 3.5% | 1.6% | -1.7% | 0.6% | -0.8% | -0.2% | -0.6% | 0.6% | 0.7% | -1.4% | -2.7% | 1.4% | 2.0% | 0.2% | ||
| 3.05 | 3.93 | 3.12 | 2.21 | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2024 is 47% lower than in 2023 and the lowest since 2020.
Debt's share of the balance-sheet total falls from 87.9% to 84.9%. Equity is higher and debt is lower.
IMMO LIZEE has no parent and no holdings in its annual accounts. THIBAUT Philip is the only director. IMMO LIZEE shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Avenue du Griffon 27 registered office 7090 Braine-le-Comte | ||
| Dennenboslaan 2 1200 Woluwe-Saint-Lambert 6523 Insurance, reinsurance and pension funding, except compulsory social security | 22-04-1980 | 2.017.743.916 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55016B0531/00P002 | Wallonia | 2,386 m² | 1 · 188 m² | 20.8 m · 2 |
| 21018B0119/00G010 | Brussels | 694 m² | 1 · 114 m² | 12.6 m · 3 |
If something looks wrong or is missing, please tell us.