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IMMO M.

Active Risk: not assessed
Private limited companyfounded 1990active for 35 yearsVlasmarkt (DEN) 8, 9200 Dendermonde, BelgiumKBO/BCE: BE 0442.848.055
Summary

IMMO M. has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €681,061 and a net result of €39,125. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 64% of 11,221 sector peers (NACE 68, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Buying and selling of own real estate
NACE 68110
1 site
Size
≈ €200,000turnover 2025, estimated
Equity
€681,061
Profit
€39,125
Turnover estimated from the gross margin
Financial health
Holding: outside the score modelBankruptcy probability: sector outside the model
Structure
Parent
PROPS · 100%
Holdings
2
2025 accounts 32 days early7 deeds in the Belgian Official Gazette
Signalslowers riskGrowing equityneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Two signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €681,061
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
32 days early
2024
6 days early
2023
29 days late
2022
21 days late
2021
30 days late
2020
31 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Back to profitnet €38,678

Financials · financial year 2025, abbreviated format

Turnover
≈ €200,000
Estimated: probably between €130,000 and €400,000
Total assets
€1.4m▼ 0.7%
2024 · €1.4m
Net result
€39,125▲ 1.2%
2024 · €38,678
Working capital
€95,896▲ 6.0%
2024 · €90,495
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 6% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.07m 2025 Net result€0.04m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.04m-€0.06m▲ 32.2%€0.06m▼ 3.9%€0.09m▲ 68.7%€0.05m▼ 51.5%-€0.007m€0.06m€0.07m▲ 6.0%
Net result€0.03m-€0.04m▲ 50.9%€0.03mwithin the sector's middle half▼ 26.7%€0.07mwithin the sector's middle half▲ 131%€0.04mwithin the sector's middle half▼ 50.0%-€0.01mwithin the sector's middle half€0.04mwithin the sector's middle half€0.04mwithin the sector's middle half▲ 1.2%
Equity€0.7m-€0.7m▲ 5.4%€0.8mwithin the sector's middle half▲ 4.3%€0.8mwithin the sector's middle half▲ 9.5%€0.9mwithin the sector's middle half▲ 4.3%€0.6mwithin the sector's middle half▼ 30.1%€0.6mwithin the sector's middle half▲ 5.6%€0.7mwithin the sector's middle half▲ 6.1%
Total assets€1.0m-€1.0m▼ 2.7%€1.8mwithin the sector's middle half▲ 79.3%€1.7mwithin the sector's middle half▼ 3.7%€1.7mwithin the sector's middle half▼ 2.3%€1.7mwithin the sector's middle half▼ 1.3%€1.4mwithin the sector's middle half▼ 15.3%€1.4mwithin the sector's middle half▼ 0.7%
Debt€0.3m-€0.2m▼ 22.1%€1.0m▲ 346%€0.9m▼ 10.1%€0.8m▼ 8.2%€1.1m▲ 29.6%€0.8m▼ 27.6%€0.7m▼ 6.1%
Working capital-€0.1m--€0.09m▲ 14.1%-€0.1mwithin the sector's middle half▼ 31.9%€0.4mwithin the sector's middle half€0.4mwithin the sector's middle half▼ 5.3%€0.09mwithin the sector's middle half▼ 76.0%€0.09mwithin the sector's middle half▼ 1.3%€0.1mwithin the sector's middle half▲ 6.0%
Solvency67.1%-72.7%▲ 5.6pp42.3%within the sector's middle half▼ 30.4pp48.1%within the sector's middle half▲ 5.8pp51.4%within the sector's middle half▲ 3.3pp36.4%within the sector's middle half▼ 15.0pp45.4%within the sector's middle half▲ 9.0pp48.5%within the sector's middle half▲ 3.1pp
Current ratio0.14-0.24▲ 0.100.32below the sector's middle half▲ 0.093.71above the sector's middle half▲ 3.383.50above the sector's middle half▼ 0.211.21within the sector's middle half▼ 2.291.45within the sector's middle half▲ 0.241.46within the sector's middle half▲ 0.01
Return on assets (ROA)2.7%-4.3%▲ 1.5pp1.7%within the sector's middle half▼ 2.5pp4.2%within the sector's middle half▲ 2.4pp2.1%within the sector's middle half▼ 2.0pp-0.7%within the sector's middle half▼ 2.8pp2.7%within the sector's middle half▲ 3.4pp2.8%within the sector's middle half▲ 0.1pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €1.1m ▼ 2.1%
Current assets €305,540 ▲ 4.9%
Equity and liabilities €1.4m
Equity €681,061 ▲ 6.1%
Provisions €4,031 ▼ 33.3%
Debt €718,414 ▼ 6.1%
Debt's share of the balance-sheet total falls from 54.1% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
5.7%▼
2024 · 6.0%
Debt ≤ 1 year
€209,644▲
2024 · €200,887
Debt > 1 year
€508,769▼
2024 · €563,384
Income taxes
€15,055▲
2024 · €12,976
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€1.4m▼
Fixed assets21/28€1.1m€1.1m▼
Tangible fixed assets22/27€0.3m€0.3m▼
Land and buildings22€0.3m€0.3m▼
Financial fixed assets28€0.8m€0.8m=
Current assets29/58€0.3m€0.3m▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€0.3m€0.3m▲
Trade receivables40€0-
Other amounts receivable41€0.3m€0.3m▲
Cash at bank and in hand54/58€0.01m€0.009m▼
Deferred charges and accrued income490/1€0€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.4m▼
Equity10/15€0.6m€0.7m▲
Contributions10/11€0.4m€0.4m=
Reserves13€0.3m€0.3m▲
Tax-exempt reserves132€0.02m€0.01m▼
Distributable reserves133€0.2m€0.3m▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€0.006m€0.004m▼
Deferred taxes168€0.006m€0.004m▼
Amounts payable17/49€0.8m€0.7m▼
Amounts payable after more than one year17€0.6m€0.5m▼
Financial debts170/4€0.6m€0.5m▼
Amounts payable within one year42/48€0.2m€0.2m▲
Current portion of amounts payable after more than one year42€0.07m€0.06m▼
Trade debts44€0.004m€0.002m▼
Suppliers440/4€0.004m€0.002m▼
Bills of exchange payable441€0-
Taxes, remuneration and social security45€0.004m€0.004m▲
Taxes450/3€0.004m€0.004m▲
Other amounts payable47/48€0.1m€0.1m▲
Accrued charges and deferred income492/3€0.001m€0▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.02m=
Other operating charges640/8€0.01m€0.01m▼
Gross operating margin9900€0.1m€0.1m▲
Operating profit (loss)9901€0.06m€0.07m▲
Financial income75/76B€0.006m€0.004m▼
Recurring financial income75€0.006m€0.004m▼
Financial charges65/66B€0.02m€0.02m▼
Recurring financial charges65€0.02m€0.02m▼
Profit (loss) for the period before taxes9903€0.05m€0.05m▲
Transfer from deferred taxes780€0.002m€0.002m=
Income taxes67/77€0.01m€0.02m▲
Profit (loss) for the period9904€0.04m€0.04m▲
Transfer from tax-exempt reserves789€0.006m€0.006m=
Profit (loss) for the period to be appropriated9905€0.04m€0.05m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.04m€0.05m▲
Transfer from equity791/2€0-
Transfer to equity691/2€0.04m€0.05m▲
To other reserves6921€0.04m€0.05m▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€48,536-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47,857€39,485€33,235€22,573€22,573€22,742€23,886€23,886=
Other operating charges640/8---€6,534€5,548€12,367€14,801€11,494▼ 22.3%
Gross operating margin9900€99,373€105,244€96,960€122,989€73,611€28,559€100,333€100,741▲ 0.4%
Operating profit (loss)9901€43,805€57,920€55,642€93,882€45,491-€6,550€61,646€65,361▲ 6.0%
Financial income75/76B---€7,574€16,489€8,292€5,717€4,302▼ 24.8%
Recurring financial income75€0-€0€7,574€16,489€8,292€5,717€4,302▼ 24.8%
Financial charges65/66B---€14,773€13,640€15,586€17,721€17,495▼ 1.3%
Recurring financial charges65€9,966€6,930€13,439€14,773€13,640€15,586€17,721€17,495▼ 1.3%
Profit (loss) for the period before taxes9903€33,840€50,990€42,203€86,683€48,340-€13,845€49,641€52,167▲ 5.1%
Transfer from deferred taxes780---€39,442€2,738€2,738€2,014€2,014=
Income taxes67/77€8,746€11,505€14,115€54,093€15,051-€0€12,976€15,055▲ 16.0%
Profit (loss) for the period9904€28,255€42,646€31,250€72,032€36,028-€11,107€38,678€39,125▲ 1.2%
Transfer from tax-exempt reserves789---€76,566€5,317€5,317€6,041€6,041=
Profit (loss) for the period to be appropriated9905€35,781€50,173€38,776€148,598€41,345-€5,790€44,719€45,166▲ 1.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.0m€1.0m€1.8m€1.7m€1.7m€1.7m€1.4m€1.4m▼ 0.7%
Fixed assets21/28€1.0m€1.0m€1.7m€1.2m€1.2m€1.1m€1.1m€1.1m▼ 2.1%
Intangible fixed assets21€11--------
Tangible fixed assets22/27€1.0m€1.0m€0.9m€0.4m€0.3m€0.3m€0.3m€0.3m▼ 7.7%
Land and buildings22---€0.4m€0.3m€0.3m€0.3m€0.3m▼ 7.7%
Financial fixed assets28€50€50€0.8m€0.8m€0.8m€0.8m€0.8m€0.8m=
Current assets29/58€0.02m€0.03m€0.06m€0.6m€0.5m€0.5m€0.3m€0.3m▲ 4.9%
Amounts receivable after more than one year29-----€0.2m€0--
Other amounts receivable291-----€0.2m€0--
Amounts receivable within one year40/41€0.02m€0.008m€0.03m€0.4m€0.4m€0.3m€0.3m€0.3m▲ 4.8%
Trade receivables40---€0.03m€0.03m€0.04m€0--
Other amounts receivable41---€0.4m€0.4m€0.2m€0.3m€0.3m▲ 4.8%
Cash at bank and in hand54/58€2€0.02m€0.02m€0.2m€0.09m€0.003m€0.01m€0.009m▼ 9.5%
Deferred charges and accrued income490/1---€0.003m€0.006m€237€0€0.002m-
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.0m€1.8m€1.7m€1.7m€1.7m€1.4m€1.4m▼ 0.7%
Equity10/15€0.7m€0.7m€0.8m€0.8m€0.9m€0.6m€0.6m€0.7m▲ 6.1%
Contributions10/11€0.4m€0.4m-€0.4m€0.4m€0.4m€0.4m€0.4m=
Reserves13€0.3m€0.4m€0.4m€0.5m€0.5m€0.2m€0.3m€0.3m▲ 14.9%
Tax-exempt reserves132---€0.04m€0.03m€0.03m€0.02m€0.01m▼ 33.3%
Distributable reserves133---€0.4m€0.5m€0.2m€0.2m€0.3m▲ 18.4%
Profit (loss) carried forward14-----€0€0--
Provisions and deferred taxes16€0.05m€0.05m€0.05m€0.009m€0.006m€0.004m€0.006m€0.004m▼ 33.3%
Deferred taxes168---€0.009m€0.006m€0.004m€0.006m€0.004m▼ 33.3%
Amounts payable17/49€0.3m€0.2m€1.0m€0.9m€0.8m€1.1m€0.8m€0.7m▼ 6.1%
Amounts payable after more than one year17€0.2m€0.1m€0.8m€0.7m€0.7m€0.6m€0.6m€0.5m▼ 9.7%
Financial debts170/4---€0.7m€0.7m€0.6m€0.6m€0.5m▼ 9.7%
Amounts payable within one year42/48€0.1m€0.1m€0.2m€0.1m€0.2m€0.4m€0.2m€0.2m▲ 4.4%
Current portion of amounts payable after more than one year42---€0.08m€0.08m€0.08m€0.07m€0.06m▼ 15.5%
Trade debts44€443€38€0.01m€0.004m€0.005m€0.04m€0.004m€0.002m▼ 38.1%
Suppliers440/4---€0.004m€0.005m€0.02m€0.004m€0.002m▼ 38.1%
Bills of exchange payable441-----€0.02m€0--
Taxes, remuneration and social security45---€0.07m€0.07m€0.001m€0.004m€0.004m▲ 12.1%
Taxes450/3---€0.07m€0.07m€0.001m€0.004m€0.004m▲ 12.1%
Other amounts payable47/48-----€0.3m€0.1m€0.1m▲ 16.4%
Accrued charges and deferred income492/3------€0.001m€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€28,255€42,646€31,250€72,032€36,028-€11,107€38,678€39,125▲ 1.2%
+ Depreciation and write-downs630€47,857€39,485€33,235€22,573€22,573€22,742€23,886€23,886=
Operating cash flow (approximation)€76,112€82,132€64,485€94,604€58,600€11,635€62,564€63,011▲ 0.7%
Investment in fixed assets (approximation)-€0-€800,000€541,664€0-€13,131€50€0▼ 100%
Change in cash-€19,135€1,241€131,136-€58,975-€89,631€7,333-€977-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 35 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 29-06-2026 2026-00237030
31-12-2024 abbreviated format 25-07-2025 2025-00343632
31-12-2023 abbreviated format 29-08-2024 2024-00414374
31-12-2022 abbreviated format 21-08-2023 2023-00341977
31-12-2021 abbreviated format 30-08-2022 2022-20413083
31-12-2020 abbreviated format 31-08-2021 2021-58600177
31-12-2019 abbreviated format 29-10-2020 2020-64100590
31-12-2018 micro format 27-06-2019 2019-23100275
31-12-2017 micro format 03-07-2018 2018-29200383
31-12-2016 micro format 28-06-2017 2017-23900305

Show all 35 filings

Similar companies · same sector, comparable size

Of the 7,222 active companies whose main activity is buying and selling of own real estate (NACE 68110), figures are known for 5,547. 3,550 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 7 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

1 owner

Chain of control

  1. PROPS 100%
  2. IMMO M.

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

Owners 1

According to the 2025 annual accounts of IMMO M. and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Holdings and subsidiaries

2 holdings

Holdings 2

Source for every holding own accounts 2025

According to the 2025 annual accounts of IMMO M. and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 27 December 1990, IMMO M. was incorporated.1 Total assets went from €1.0m in 2018 to €1.4m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
25-07
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial Back to profitnet €38,678
Net result €38,678 after one loss-making year.
29-08
NBB filing Annual accounts filed
financial year 2023 · abbreviated format · 29 days late
2023
31-12
Financial Weakest financial yearnet -€11,107
Net result drops to -€11,107, the lowest in the series; recovery starts the following year.
21-08
NBB filing Annual accounts filed
financial year 2022 · abbreviated format · 21 days late
2022
30-08
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 30 days late
2021
31-12
Financial Highest result from 2018 to 2025net €72,032 ▲131%
Operating result €93,882, net result €72,032, both a record.
31-12
Financial Liquidity more than 11 timescurrent ratio 3.71
Current ratio from 0.32 to 3.71; short-term debt falls from €172,525 to €149,098.
31-08
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 31 days late
2020
29-10
NBB filing Annual accounts filed
financial year 2019 · abbreviated format · 90 days late
2019
27-06
NBB filing Annual accounts filed
financial year 2018 · micro format
2018
03-07
NBB filing Annual accounts filed
financial year 2017 · micro format
2017
28-06
NBB filing Annual accounts filed
financial year 2016 · micro format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 35 annual accounts filed, the latest 10 are here; all 35 are under Financials.
0 of 7 deeds read
About the unread acts

We know of 7 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded27-12-1990
Financial year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0442848055
Registered 27-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 31 October 2026 · Peppol Directory

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 1991
registered office establishment The establishment unit on the map
Ground area
88 m²
Building footprint
88 m²
Building volume
909 m³
Parcel 42006D0011/00D000, Flanders · tallest building 17.4 m. Linked by address, not a title deed.
1 establishment unit
Immo M.
Vlasmarkt (DEN) 8, 9200 DendermondeBuying and selling of own real estate
since 1991unit no. 2.052.021.439
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
42006D0011/00D000 Flanders 88 m² 1 · 88 m² 17.4 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.