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Immo Log

Active
Public limited companyfounded 20215 yrs activeRue du Fond des Fourches 23D, 4041 Herstal, BelgiumKBO/BCE: BE 0773.627.854
Summary

Immo Log has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €216,631. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency51▲+2
Growth85=
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.3 in 2024; short-term debt: 5.8% and cash: 0.4% of total assets), and 74.2% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25.8%
Return on assets
1%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
53 d early
2024
66 d early
2023
105 d late
2022
47 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed 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 Log was incorporated on 7 September 2021 as a Public limited company.1 Revenue grew from EUR 540,000 in 2023 to EUR 1.7 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€1.7m▲ 2.8%
2024 · €1.6m
EBIT margin
29.7%▲ 0.3pp
2024 · 29.4%
Net result
€216,631▲ 25.5%
2024 · €172,656
Working capital
-€990,310▼ 1.6%
2024 · -€974,296
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Turnover€540,000€1.6m▲ 203%€1.7m▲ 2.8%
Operating result-€464,344-€162,832€480,739▲ 195%€499,088▲ 3.8%
Net result-€592,459below the sector's middle half-€101,390within the sector's middle half€172,656above the sector's middle half▲ 70.3%€216,631above the sector's middle half▲ 25.5%
EBIT margin30.2%29.4%▼ 0.8pp29.7%▲ 0.3pp
Equity€4.4mabove the sector's middle half-€5.5mabove the sector's middle half▲ 25.0%€5.6mabove the sector's middle half▲ 2.2%€5.8mabove the sector's middle half▲ 2.9%
Total assets€11.5mabove the sector's middle half-€25.0mabove the sector's middle half▲ 117%€23.6mabove the sector's middle half▼ 5.4%€22.4mabove the sector's middle half▼ 5.1%
Debt€7.1m-€19.5m▲ 175%€18.0m▼ 7.6%€16.6m▼ 7.7%
Working capital€1.3mabove the sector's middle half--€639,217below the sector's middle half-€974,296below the sector's middle half▼ 52.4%-€990,310below the sector's middle half▼ 1.6%
Solvency38.3%within the sector's middle half-22.0%within the sector's middle half▼ 16.3pp23.8%within the sector's middle half▲ 1.8pp25.8%within the sector's middle half▲ 2.0pp
Current ratio0.60within the sector's middle half0.30below the sector's middle half▼ 0.300.23below the sector's middle half▼ 0.06
Return on assets (ROA)-5.1%below the sector's middle half-0.4%within the sector's middle half▲ 5.6pp0.7%within the sector's middle half▲ 0.3pp1.0%within the sector's middle half▲ 0.2pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000Operating result 2022: -€464,344-€464,344Net result 2022: -€592,459-€592,459Operating result 2023: €162,832€162,832Net result 2023: €101,390€101,390Operating result 2024: €480,739€480,739Net result 2024: €172,656€172,656Operating result 2025: €499,088€499,088Net result 2025: €216,631€216,6312022202320242025€0€200,000€400,000Operating result 2023: €162,832€163,000Net result 2023: €101,390€101,000Operating result 2024: €480,739€481,000Net result 2024: €172,656€173,000Operating result 2025: €499,088€499,000Net result 2025: €216,631€217,000202320242025
The operating result has risen three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.4m
Fixed assets €22.1m ▼ 4.8%
Current assets €302,473 ▼ 26.7%
Equity and liabilities €22.4m
Equity €5.8m ▲ 2.9%
Debt €16.6m ▼ 7.7%
Debt's share of the balance-sheet total falls from 76.2% to 74.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.6m▲
2024 · €1.6m
Cash flow
€1.3m▲
2024 · €1.3m
Debt to equity
2.87▼
2024 · 3.20
ROE
3.7%▲
2024 · 3.1%
Interest coverage
4.87▲
2024 · 4.44
Debt ≤ 1 year
€1.3m▼
2024 · €1.4m
Debt > 1 year
€15.3m▼
2024 · €16.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 144 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Medium-sized
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.7% went bankrupt
2.1% stopped otherwise
97% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 144 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 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€23.6m€22.4m▼
Fixed assets21/28€23.2m€22.1m▼
Tangible fixed assets22/27€23.2m€22.1m▼
Land and buildings22€23.2m€22.1m▼
Financial fixed assets28€28,923€7,231▼
Other financial fixed assets284/8€28,923€7,231▼
Amounts receivable and cash guarantees285/8€28,923€7,231▼
Current assets29/58€412,884€302,473▼
Amounts receivable within one year40/41€270,105€210,057▼
Trade receivables40€0€0=
Other amounts receivable41€270,105€210,057▼
Cash at bank and in hand54/58€142,779€92,416▼
Deferred charges and accrued income490/1€0€0=
Equity and liabilities
Total equity and liabilities10/49€23.6m€22.4m▼
Equity10/15€5.6m€5.8m▲
Contributions10/11€5.0m€5.0m=
Capital10€5.0m€5.0m=
Issued capital100€5.0m€5.0m=
Profit (loss) carried forward14-€318,413-€101,783▲
Investment grants15€948,709€895,016▼
Amounts payable17/49€18.0m€16.6m▼
Amounts payable after more than one year17€16.6m€15.3m▼
Financial debts170/4€16.6m€15.3m▼
Credit institutions173€16.6m€15.3m▼
Amounts payable within one year42/48€1.4m€1.3m▼
Current portion of amounts payable after more than one year42€1.3m€1.3m▲
Trade debts44€1,084€6,440▲
Suppliers440/4€1,084€6,440▲
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Other amounts payable47/48€115,000€0▼
Accrued charges and deferred income492/3€0€0=
Income statement Code20242025
Operating income70/76A€1.6m€1.7m▲
Turnover70€1.6m€1.7m▲
Operating charges60/66A€1.2m€1.2m▲
Services and other goods61€32,877€53,380▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.1m€1.1m▲
Other operating charges640/8€1,265€639▼
Operating profit (loss)9901€480,739€499,088▲
Financial income75/76B€54,364€53,693▼
Recurring financial income75€54,364€53,693▼
Other financial income752/9€54,364€53,693▼
Financial charges65/66B€362,446€336,151▼
Recurring financial charges65€362,446€336,151▼
Debt charges650€360,836€334,443▼
Other financial charges652/9€1,610€1,708▲
Profit (loss) for the period before taxes9903€172,656€216,631▲
Profit (loss) for the period9904€172,656€216,631▲
Profit (loss) for the period to be appropriated9905€172,656€216,631▲
Appropriation of the result
Profit (loss) to be appropriated9906-€318,413-€101,783▲
Profit (loss) brought forward from the previous period14P-€491,069-€318,413▲

The notes to these accounts (32 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Operating income70/76A-€544,745€1.6m€1.7m▲ 2.8%
Turnover70-€540,000€1.6m€1.7m▲ 2.8%
Other operating income74-€4,745---
Operating charges60/66A€464,344€381,913€1.2m€1.2m▲ 2.3%
Services and other goods61€32,934€4,885€32,877€53,380▲ 62.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€377,028€1.1m€1.1m▲ 0.6%
Other operating charges640/8€7,961-€1,265€639▼ 49.5%
Non-recurring operating charges66A€423,449----
Operating profit (loss)9901-€464,344€162,832€480,739€499,088▲ 3.8%
Financial income75/76B€0€224,615€54,364€53,693▼ 1.2%
Recurring financial income75€0€224,615€54,364€53,693▼ 1.2%
Other financial income752/9€0€224,615€54,364€53,693▼ 1.2%
Financial charges65/66B€128,115€286,058€362,446€336,151▼ 7.3%
Recurring financial charges65€128,115€286,058€362,446€336,151▼ 7.3%
Debt charges650€18,481€236,190€360,836€334,443▼ 7.3%
Other financial charges652/9€109,634€49,867€1,610€1,708▲ 6.0%
Profit (loss) for the period before taxes9903-€592,459€101,390€172,656€216,631▲ 25.5%
Profit (loss) for the period9904-€592,459€101,390€172,656€216,631▲ 25.5%
Profit (loss) for the period to be appropriated9905-€592,459€101,390€172,656€216,631▲ 25.5%
Line2022202320242025Change
Assets
Total assets20/58€11.5m€25.0m€23.6m€22.4m▼ 5.1%
Fixed assets21/28€10.2m€24.1m€23.2m€22.1m▼ 4.8%
Tangible fixed assets22/27€10.1m€24.0m€23.2m€22.1m▼ 4.7%
Land and buildings22€3.7m€24.0m€23.2m€22.1m▼ 4.7%
Assets under construction and advance payments27€6.4m----
Financial fixed assets28€28,923€28,923€28,923€7,231▼ 75.0%
Other financial fixed assets284/8€28,923€28,923€28,923€7,231▼ 75.0%
Amounts receivable and cash guarantees285/8€28,923€28,923€28,923€7,231▼ 75.0%
Current assets29/58€1.3m€941,427€412,884€302,473▼ 26.7%
Amounts receivable within one year40/41€1.3m€810,002€270,105€210,057▼ 22.2%
Trade receivables40--€0€0-
Other amounts receivable41€1.3m€810,002€270,105€210,057▼ 22.2%
Cash at bank and in hand54/58€48,926€115,609€142,779€92,416▼ 35.3%
Deferred charges and accrued income490/1-€15,816€0€0-
Equity and liabilities
Total equity and liabilities10/49€11.5m€25.0m€23.6m€22.4m▼ 5.1%
Equity10/15€4.4m€5.5m€5.6m€5.8m▲ 2.9%
Contributions10/11€5.0m€5.0m€5.0m€5.0m=
Capital10€5.0m€5.0m€5.0m€5.0m=
Issued capital100€5.0m€5.0m€5.0m€5.0m=
Profit (loss) carried forward14-€592,459-€491,069-€318,413-€101,783▲ 68.0%
Investment grants15-€1.0m€948,709€895,016▼ 5.7%
Amounts payable17/49€7.1m€19.5m€18.0m€16.6m▼ 7.7%
Amounts payable after more than one year17€7.1m€17.9m€16.6m€15.3m▼ 7.7%
Financial debts170/4€7.1m€17.9m€16.6m€15.3m▼ 7.7%
Credit institutions173€7.1m€17.9m€16.6m€15.3m▼ 7.7%
Amounts payable within one year42/48€500€1.6m€1.4m€1.3m▼ 6.8%
Current portion of amounts payable after more than one year42-€1.2m€1.3m€1.3m▲ 1.2%
Trade debts44€500€1,891€1,084€6,440▲ 494%
Suppliers440/4€500€1,891€1,084€6,440▲ 494%
Taxes, remuneration and social security45--€0€0-
Taxes450/3--€0€0-
Other amounts payable47/48-€329,177€115,000€0▼ 100%
Accrued charges and deferred income492/3€35,658€15,713€0€0-
Line2022202320242025Change
Profit (loss) for the period9904-€592,459€101,390€172,656€216,631▲ 25.5%
+ Depreciation and write-downs630-€377,028€1.1m€1.1m▲ 0.6%
Operating cash flow (approximation)-€592,459€478,417€1.3m€1.3m▲ 3.9%
Investment in fixed assets (approximation)--€14.3m-€288,855-€21,097▲ 92.7%
Change in cash-€66,683€27,170-€50,363▼ 285%

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
08-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2022net €216,631 ▲25.5%
Operating result €499,088, net result €216,631, both a record.
26-05
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
13-11
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 105 days late
2023
31-12
Financial Back to profitnet €101,390
Net result €101,390 after one loss-making year.
31-12
Financial Equity above €5mEq €5.5m ▲25%
Equity rises from €4.4m to €5.5m.
14-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Herstal
exact location from the address register On OpenStreetMap
Ground area
4.7 ha
Building footprint
2.2 ha
Parcel 62112A0559/00D003, Wallonia. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62112A0559/00D003 Wallonia 4.7 ha 1 · 2.2 ha -
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

Part of the group TF INVEST 8 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. TF INVEST 100%
  2. TRENDY FOODS FINANCES 100%
  3. Immo Log

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

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 2,952 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded07-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0773627854
Also 9925:BE0773627854
Registered 16-10-2025

Register as of 28 September 2026 · Peppol Directory

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