IMMO-MAR
ActiveSummary
IMMO-MAR has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,156 and a net result of €48,101. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+65
Solvency65▲+21
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 1.23 in 2024; short-term debt: 59.7% and cash: 1.9% of total assets), and 60% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
40%
Return on assets
10%
Age of the figures
9 mo
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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
36 d early
2023
37 d early
2022
35 d early
2021
19 d early
2020
22 d early
2019
23 d early
← 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 28 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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48,101
2024 · -€65,827
Working capital
-€253,960
2024 · €144,091
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
Line20212022202320242025
Operating result-€38,938€89,183€45,550▼ 48.9%-€56,608€57,005
Net result-€63,116below the sector's middle half€75,719within the sector's middle half€26,331within the sector's middle half▼ 65.2%-€65,827below the sector's middle half€48,101within the sector's middle half
Equity€107,832within the sector's middle half▼ 36.9%€183,551within the sector's middle half▲ 70.2%€209,882within the sector's middle half▲ 14.3%€144,055within the sector's middle half▼ 31.4%€192,156within the sector's middle half▲ 33.4%
Total assets€1.9mabove the sector's middle half▲ 104%€1.4mwithin the sector's middle half▼ 26.1%€817,267within the sector's middle half▼ 41.5%€759,872within the sector's middle half▼ 7.0%€480,071below the sector's middle half▼ 36.8%
Debt€1.8m▲ 136%€1.2m▼ 31.9%€607,385▼ 49.9%€615,817▲ 1.4%€287,915▼ 53.2%
Working capital€107,854within the sector's middle half▼ 36.9%€183,566within the sector's middle half▲ 70.2%€209,917within the sector's middle half▲ 14.4%€144,091within the sector's middle half▼ 31.4%-€253,960within the sector's middle half
Solvency5.7%below the sector's middle half▼ 12.7pp13.1%within the sector's middle half▲ 7.4pp25.7%within the sector's middle half▲ 12.5pp19.0%within the sector's middle half▼ 6.7pp40.0%within the sector's middle half▲ 21.1pp
Current ratio1.06within the sector's middle half▼ 0.171.15within the sector's middle half▲ 0.091.35within the sector's middle half▲ 0.191.23within the sector's middle half▼ 0.110.11below the sector's middle half▼ 1.12
Return on assets (ROA)-3.3%below the sector's middle half▼ 7.5pp5.4%within the sector's middle half▲ 8.8pp3.2%within the sector's middle half▼ 2.2pp-8.7%below the sector's middle half▼ 11.9pp10.0%above the sector's middle half▲ 18.7pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
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
The operating result returns to profit in 2025: €57,005 after a loss of €56,608 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480,071
Fixed assets
€447,316
Current assets
€32,755
Equity and liabilities €480,071
Equity
€192,156 ▲ 33.4%
Debt
€287,915 ▼ 53.2%
Debt's share of the balance-sheet total falls from 81.0% to 60.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64,122
Cash flow
€55,218
Quick ratio
0.07▲
2024 · 0.03
Debt to equity
1.50▼
2024 · 4.27
ROE
25.0%▲
2024 · -45.7%
Interest coverage
7.20
Debt ≤ 1 year
€286,715▼
2024 · €615,782
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 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% | 1.9% |
| 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 20,134 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €7,117 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €4,153 | - |
| Other operating charges640/8 | €610 | €1,030 | €1,122 | €1,130 | €1,515 | ▲ 34.1% |
| Non-recurring operating charges66A | - | - | - | - | €1,509 | - |
| Gross operating margin9900 | -€38,328 | €90,213 | €46,672 | -€55,479 | €71,299 | ▲ 229% |
| Operating profit (loss)9901 | -€38,938 | €89,183 | €45,550 | -€56,608 | €57,005 | ▲ 201% |
| Financial income75/76B | €1,921 | €2,003 | €1,092 | €0 | €0 | - |
| Recurring financial income75 | €1,921 | €2,003 | €1,092 | €0 | €0 | - |
| Financial charges65/66B | €26,099 | €10,879 | €10,725 | €9,218 | €8,904 | ▼ 3.4% |
| Recurring financial charges65 | €26,099 | €10,879 | €10,725 | €9,218 | €8,904 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€63,116 | €80,307 | €35,916 | -€65,827 | €48,101 | ▲ 173% |
| Income taxes67/77 | €0 | €4,588 | €9,585 | €0 | - | - |
| Profit (loss) for the period9904 | -€63,116 | €75,719 | €26,331 | -€65,827 | €48,101 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | -€63,116 | €75,719 | €26,331 | -€65,827 | €48,101 | ▲ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.4m | €817,267 | €759,872 | €480,071 | ▼ 36.8% |
| Fixed assets21/28 | - | - | - | - | €447,316 | - |
| Tangible fixed assets22/27 | - | - | - | - | €447,316 | - |
| Land and buildings22 | - | - | - | - | €447,316 | - |
| Current assets29/58 | €1.9m | €1.4m | €817,267 | €759,872 | €32,755 | ▼ 95.7% |
| Stocks and contracts in progress3 | €1.6m | €1.2m | €802,674 | €739,472 | €11,857 | ▼ 98.4% |
| Stocks30/36 | €1.6m | €1.2m | €802,674 | €739,472 | €11,857 | ▼ 98.4% |
| Amounts receivable within one year40/41 | €237,197 | €168,422 | €5,025 | €17,825 | €11,832 | ▼ 33.6% |
| Trade receivables40 | €6,426 | €6,426 | €5,025 | €17,825 | €10,323 | ▼ 42.1% |
| Other amounts receivable41 | €230,772 | €161,997 | €0 | - | €1,508 | - |
| Cash at bank and in hand54/58 | €4,044 | €21,728 | €8,476 | €2,575 | €9,067 | ▲ 252% |
| Deferred charges and accrued income490/1 | €0 | - | €1,092 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.4m | €817,267 | €759,872 | €480,071 | ▼ 36.8% |
| Equity10/15 | €107,832 | €183,551 | €209,882 | €144,055 | €192,156 | ▲ 33.4% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €1,047 | €2,673 | €3,989 | €3,989 | €3,989 | = |
| Non-distributable reserves130/1 | €1,047 | €2,673 | €3,989 | €3,989 | €3,989 | = |
| Legal reserve130 | €1,047 | €2,673 | €3,989 | €3,989 | €3,989 | = |
| Profit (loss) carried forward14 | -€43,215 | €30,878 | €55,893 | -€9,934 | €38,167 | ▲ 484% |
| Amounts payable17/49 | €1.8m | €1.2m | €607,385 | €615,817 | €287,915 | ▼ 53.2% |
| Amounts payable within one year42/48 | €1.8m | €1.2m | €607,350 | €615,782 | €286,715 | ▼ 53.4% |
| Trade debts44 | €148,225 | €355,984 | €31,916 | €55,445 | €11,295 | ▼ 79.6% |
| Suppliers440/4 | €148,225 | €355,984 | €31,916 | €55,445 | €11,295 | ▼ 79.6% |
| Taxes, remuneration and social security45 | €2,744 | €59,470 | €52,426 | €39,430 | €79,029 | ▲ 100% |
| Taxes450/3 | €2,744 | €59,470 | €52,426 | €39,430 | €79,029 | ▲ 100% |
| Other amounts payable47/48 | €1.6m | €797,050 | €523,009 | €520,907 | €196,391 | ▼ 62.3% |
| Accrued charges and deferred income492/3 | €22 | €15 | €35 | €35 | €1,200 | ▲ 3,314% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€63,116 | €75,719 | €26,331 | -€65,827 | €48,101 | ▲ 173% |
| + Depreciation and write-downs630 | - | - | - | - | €7,117 | - |
| Operating cash flow (approximation) | -€63,116 | €75,719 | €26,331 | -€65,827 | €55,218 | ▲ 184% |
| Change in cash | - | €17,684 | -€13,252 | -€5,901 | €6,491 | ▲ 210% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €48,101
Net result €48,101 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €192,156 ▲33.4%
Equity rises from €144,055 to €192,156.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€65,827
Net result drops to -€65,827, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €209,882 ▲14.3%
2 profitable years in a row build equity to €209,882.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €75,719
Net result €75,719 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €183,551 ▲70.2%
Equity rises from €107,832 to €183,551.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Back to profitnet €38,933
Net result €38,933 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €170,948 ▲29.5%
Equity rises from €132,015 to €170,948.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Houthalen-Helchteren · 1 establishment unit since 2003
Ground area
2.9 ha
Building footprint
597 m²
Volume, LiDAR
3,056 m³
Parcel 72014B0053/00G010, Flanders · tallest building 5.6 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Grote Baan 572, 3530 Houthalen-Helchteren
since 20032.123.198.554
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014B0053/00G010 | Flanders | 2.9 ha | 1 · 597 m² | 5.6 m · 2 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.
Structure & network
Part of the group
TROBEJA
14 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- TROBEJA
- IMMO-MAR
Highest known parent: TROBEJA. The sources do not say who stands above it.
Owners 1
- TROBEJAparentSourceaccounts TROBEJA 2025100%
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.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 5,347 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
Founded03-01-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0479223154
Registered
02-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
1. Verslag van de bestuurders. 2. Goedkeuring van de jaar- rekening per 31/12/2005. 3. Bestemming van het resultaat. 4. Kwijting aan de bestuurders. 5. Diversen. (27045) Comptoir Européen des Glaces, Crèmes Glacées et Sorbets, en abrégés : C.E.G.E.S SA, Europees Verkoopkantoor voor Consump- tie-IJs en Sorbet, naamloze vennootschap, Waardbeekdreef 7, 1850 Grimbergen BTW 0419.921.017 — RPR Brussel De aandeelhouders worden verzocht de Algemene Jaarvergadering bij te wonen die plaats vindt op vrijdag 9 juni 2006, om 11 uur, op het adres van de zetel van de vennootschap, om over de volgende agenda te beraadslagen : 1. De overlegging van het jaarverslag door de raad van bestuur; 2. De overlegging ...