IMMO M.V.
ActiveSummary
IMMO M.V. has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,459 and a net result of €360,752. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+5
Solvency49▼-8
Growth52▲+14
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.22 against 3.02 in 2024; short-term debt: 15.9% and cash: 0.2% of total assets), and 76.2% 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
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.8%
Return on assets
18.9%
Age of the figures
9 mo
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €453,459
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
30 d late
2022
31 d late
2021
152 d late
2020
61 d late
2019
95 d 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 61 days after 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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€90,809▼ 16.4%
2021 · €108,660
EBIT margin
44.9%▲ 18.4pp
2021 · 26.5%
Net result
€360,752▲ 748%
2024 · €42,526
Working capital
-€236,505
2024 · €45,227
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€108,660€90,809▼ 16.4%
Operating result€28,814▼ 13.1%€40,748▲ 41.4%-€11,631€63,251€560,615▲ 786%
Net result€15,885within the sector's middle half▼ 2.6%€27,264within the sector's middle half▲ 71.6%-€12,810below the sector's middle half€42,526above the sector's middle half€360,752above the sector's middle half▲ 748%
EBIT margin26.5%44.9%▲ 18.4pp
Equity€79,728within the sector's middle half▼ 10.3%€62,992within the sector's middle half▼ 21.0%€50,182within the sector's middle half▼ 20.3%€92,707within the sector's middle half▲ 84.7%€453,459above the sector's middle half▲ 389%
Total assets€347,144within the sector's middle half▼ 6.1%€324,264within the sector's middle half▼ 6.6%€294,532within the sector's middle half▼ 9.2%€290,472within the sector's middle half▼ 1.4%€1.9mabove the sector's middle half▲ 556%
Debt€267,416▼ 4.8%€261,272▼ 2.3%€244,351▼ 6.5%€197,764▼ 19.1%€1.3m▲ 541%
Working capital€48,024within the sector's middle half▲ 17.4%€53,335within the sector's middle half▲ 11.1%€47,928within the sector's middle half▼ 10.1%€45,227within the sector's middle half▼ 5.6%-€236,505below the sector's middle half
Solvency23.0%within the sector's middle half▼ 1.1pp19.4%within the sector's middle half▼ 3.5pp17.0%within the sector's middle half▼ 2.4pp31.9%within the sector's middle half▲ 14.9pp23.8%within the sector's middle half▼ 8.1pp
Current ratio1.72within the sector's middle half▲ 0.081.78within the sector's middle half▲ 0.051.80within the sector's middle half▲ 0.023.02above the sector's middle half▲ 1.220.22below the sector's middle half▼ 2.80
Return on assets (ROA)4.6%within the sector's middle half▲ 0.2pp8.4%above the sector's middle half▲ 3.8pp-4.3%below the sector's middle half▼ 12.8pp14.6%above the sector's middle half▲ 19.0pp18.9%above the sector's middle half▲ 4.3pp
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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 786% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.8m ▲ 726%
Current assets
€66,249 ▼ 2.1%
Equity and liabilities €1.9m
Equity
€453,459 ▲ 389%
Provisions
€185,255
Debt
€1.3m ▲ 541%
Debt's share of the balance-sheet total falls from 68.1% to 66.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€565,938▲
2024 · €79,938
Cash flow
€366,075▲
2024 · €59,213
Debt to equity
2.80▲
2024 · 2.13
ROE
79.6%▲
2024 · 45.9%
Interest coverage
38.74▲
2024 · 12.03
Debt ≤ 1 year
€302,754▲
2024 · €22,444
Debt > 1 year
€965,251▲
2024 · €175,321
Income taxes
€0▼
2024 · €14,079
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,613 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €108,660 | €90,809 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €74,700 | €43,686 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,758 | €16,289 | €16,481 | €16,687 | €5,323 | ▼ 68.1% |
| Other operating charges640/8 | €3,805 | €2,137 | €1,927 | €2,186 | €158,965 | ▲ 7,174% |
| Non-recurring operating charges66A | - | - | - | - | €50 | - |
| Gross operating margin9900 | €50,376 | €59,174 | €6,776 | €82,124 | €724,952 | ▲ 783% |
| Operating profit (loss)9901 | €28,814 | €40,748 | -€11,631 | €63,251 | €560,615 | ▲ 786% |
| Financial income75/76B | €1,541 | €1,342 | €26 | €0 | - | - |
| Recurring financial income75 | €1,541 | €1,342 | €26 | €0 | - | - |
| Financial charges65/66B | €6,919 | €1,903 | €1,049 | €6,646 | €14,608 | ▲ 120% |
| Recurring financial charges65 | €6,919 | €1,903 | €1,049 | €6,646 | €14,608 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | €23,435 | €40,188 | -€12,654 | €56,604 | €546,006 | ▲ 865% |
| Transfer from deferred taxes780 | - | - | - | - | €881 | - |
| Transfer to deferred taxes680 | - | - | - | - | €186,136 | - |
| Income taxes67/77 | €7,550 | €12,924 | €156 | €14,079 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €15,885 | €27,264 | -€12,810 | €42,526 | €360,752 | ▲ 748% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €2,642 | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €558,407 | - |
| Profit (loss) for the period to be appropriated9905 | €15,885 | €27,264 | -€12,810 | €42,526 | -€195,013 | ▼ 559% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,144 | €324,264 | €294,532 | €290,472 | €1.9m | ▲ 556% |
| Fixed assets21/28 | €232,745 | €202,227 | €186,678 | €222,801 | €1.8m | ▲ 726% |
| Tangible fixed assets22/27 | €95,370 | €79,777 | €64,228 | €47,541 | €1.2m | ▲ 2,518% |
| Land and buildings22 | €92,482 | €76,807 | €61,132 | €45,457 | €1.2m | ▲ 2,638% |
| Plant, machinery and equipment23 | €2,888 | €2,325 | €1,762 | €1,200 | €0 | ▼ 100% |
| Furniture and vehicles24 | €0 | €645 | €1,333 | €884 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €137,375 | €122,450 | €122,450 | €175,260 | €595,793 | ▲ 240% |
| Current assets29/58 | €114,398 | €122,037 | €107,854 | €67,671 | €66,249 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €24,064 | €45,388 | €74,201 | €12,854 | €60,982 | ▲ 374% |
| Trade receivables40 | €1,000 | €4,344 | €10,978 | €1,920 | €32,560 | ▲ 1,596% |
| Other amounts receivable41 | €23,064 | €41,045 | €63,223 | €10,934 | €28,422 | ▲ 160% |
| Cash at bank and in hand54/58 | €87,832 | €75,567 | €33,227 | €53,459 | €3,484 | ▼ 93.5% |
| Deferred charges and accrued income490/1 | €2,502 | €1,081 | €427 | €1,358 | €1,783 | ▲ 31.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,144 | €324,264 | €294,532 | €290,472 | €1.9m | ▲ 556% |
| Equity10/15 | €79,728 | €62,992 | €50,182 | €92,707 | €453,459 | ▲ 389% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €56,352 | €56,352 | €56,352 | €56,352 | €612,116 | ▲ 986% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | - | - | €555,765 | - |
| Distributable reserves133 | €54,492 | €54,492 | €54,492 | €54,492 | €54,492 | = |
| Profit (loss) carried forward14 | €17,176 | €440 | -€12,370 | €30,156 | -€164,858 | ▼ 647% |
| Provisions and deferred taxes16 | - | - | - | - | €185,255 | - |
| Deferred taxes168 | - | - | - | - | €185,255 | - |
| Amounts payable17/49 | €267,416 | €261,272 | €244,351 | €197,764 | €1.3m | ▲ 541% |
| Amounts payable after more than one year17 | €201,041 | €192,571 | €184,424 | €175,321 | €965,251 | ▲ 451% |
| Financial debts170/4 | €201,041 | €192,571 | €184,424 | €175,321 | €965,251 | ▲ 451% |
| Amounts payable within one year42/48 | €66,375 | €68,702 | €59,926 | €22,444 | €302,754 | ▲ 1,249% |
| Current portion of amounts payable after more than one year42 | €18,766 | €16,974 | €14,356 | €15,377 | €32,134 | ▲ 109% |
| Trade debts44 | €3,273 | €1,370 | €7,557 | €3,624 | €17,932 | ▲ 395% |
| Suppliers440/4 | €3,273 | €1,370 | €7,557 | €3,624 | €17,932 | ▲ 395% |
| Advances received on contracts in progress46 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Taxes, remuneration and social security45 | €12,711 | €5,357 | €6,213 | €2,443 | €853 | ▼ 65.1% |
| Taxes450/3 | €12,711 | €5,357 | €6,213 | €2,443 | €853 | ▼ 65.1% |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €30,625 | €44,000 | €30,800 | €0 | €250,835 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,885 | €27,264 | -€12,810 | €42,526 | €360,752 | ▲ 748% |
| + Depreciation and write-downs630 | €17,758 | €16,289 | €16,481 | €16,687 | €5,323 | ▼ 68.1% |
| Operating cash flow (approximation) | €33,643 | €43,553 | €3,670 | €59,213 | €366,075 | ▲ 518% |
| Investment in fixed assets (approximation) | - | €14,229 | -€931 | -€52,810 | -€1.6m | ▼ 2,973% |
| Change in cash | - | -€12,265 | -€42,340 | €20,232 | -€49,975 | ▼ 347% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €360,752 ▲748%
Operating result €560,615, net result €360,752, both a record.
31-12
Financial
Equity above €200,000Eq €453,459 ▲389%
2 profitable years in a row build equity to €453,459.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €42,526
Net result €42,526 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€12,810
Net result drops to -€12,810, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State 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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Directors · office · real estate
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2006
Ground area
564 m²
Building footprint
131 m²
Volume, LiDAR
1,286 m³
Parcel 21019A0156/00Y000, Brussels · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
63
companies at this address
See who is registered here
1 establishment unit
IMMO M.V.
since 20062.155.439.374
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0156/00Y000 | Brussels | 564 m² | 1 · 131 m² | 14.1 m · 4 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.
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Of 11,749 companies in this sector we hold annual accounts for 6,910. 4,685 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded13-06-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881930631
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.