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IMMO MARE

Active Public limited companyfounded 1989active for 37 yearsOostmalsebaan 16, 2960 BrechtKBO/BCE: BE 0438.678.738 subsidiary of Amma Holding

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1990
peak €1.7m (2020)
€1.0m▲ 43.4%
lowest -€89,497 (2023)
€241,922▲ 281%
peak €2.9m (2021)
€2.7m▲ 9.9%
€5.7m▼ 1.5%
peak 0 FTE (2025)
0 FTE 
Board2 names since 2021
2 directorsJoris Van Dyck and 1 other
Owners2 names in the annual accounts
  
Documentsfilings and deeds
03-07-202628 days before the deadline
2025financial year
Gross margin from €724,481 to €1.0mResult from €63,577 to €241,922

Key points

from the 2025 annual accounts

Result

€241,922 ▲ 281%
€63,6002024€242,0002025

The result rose in 2025: different schema filed.

Liquidity

1.26 was 0.70 in 2024

Short-term debts fell from €660,944 to €549,524.

Filings

36 annual accounts since 1990
AprilJune31 JulyOctober1990200020102020

The last five annual accounts were filed 16 to 28 days before the end of the period.

Checked score

96
Excellent
Financially stronger than 68% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: 0.1%▲ +0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: < 0.1%● unchanged vs 08-2025lowest value 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: 0.1%▲ +0.1 percentage points vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

55+2equity 30.5% of total assets
53=short-term debt 6.3% · cash 2.3%
71+16return on assets 2.8%

Score breakdown

raises risk
Liquidity: current ratio 1.26, cash €199,152
lowers risk
Size: total assets €8.8m
Figures for financial year 2025 (filed on 03-07-2026)
Legal form: public limited company
Calculation

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 (NACE 68, small). It does better than 51% of them on solvency, 74% on liquidity, 76% on profitability and 72% on growth.

The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 1,887 companies had the same profile as IMMO MARE has now. Each dot stands for 5 companies, two years later.

97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of IMMO MARE itself: < 0.1% within 12 months.

Test of the method

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,887 companies, not a prediction for IMMO MARE. 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.

Credit verdict

Credit of up to €250,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.26 (0.7 in 2024), below the usual 1.5. Short-term debt is 6.3% and cash 2.3% of total assets. 69.5% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €8.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.26, cash €199,152
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 03-07-2026)
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 days early
2024
28 days early
2023
16 days early
2022
17 days early
2021
25 days early
2020
31 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 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 6 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

JV
Managing director
MB
Managing director

Shares in 1 company, IMMO DE MEIRKENS

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0438678738
Reappointments: Marianne Backx (director) and Joris Van Dyck (director) General meeting of 15-06-2024 · Gazette deed
Registered office moved within Brecht New registered office: Oostmalsebaan 16-2960 Brecht · Previous registered office: Oostmalsebaan 5- 2960 Brecht · General meeting of 07-06-2021 · Gazette deed
Merger: IMMO MARE takes over IMMO DE MEIRKENS The company holds all the shares of IMMO DE MEIRKENS · Capital of €153,700 · General meeting of 28-12-2020 · Gazette deed
All 52 events

Comparable companies

same main activity, similar in size and age
Company
IMMO MARE Brecht €8.8m €1.0m 30.5% 0
GLOBUS INTERNATIONAL Antwerp €8.8m €0.9m 38.7% 0
BACAF Harelbeke €8.1m €1.3m 38.5% 0
ANDAVA La Louvière €8.8m €0.8m 45.3% 0
LIWA Stabroek €8.9m €1.9m 19.0% 0
KOVERMO Antwerp €13.2m €1.4m 22.6% 0
PONTRAVE Waasmunster €9.7m €0.9m 24.4% 0

These companies have the same main activity as IMMO MARE: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €8.1m and €13m, founded between 1981 and 1996.

Official details

Source: KBO
Status
Active since 11-10-1989Normal situation
Activity
Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
Establishment unit
2.045.462.8532960 Brecht, since 28-01-2002
Financial year end
31 December
Peppol
Reachable since 02-12-2025
Company details

Annual accounts 2025

≈ €1.0mestimated
€8.8m▲ 2.7%
Filing
Filed on 03-07-2026, 28 days before the end of the filing period
Financials

Insights on IMMO MARE

IMMO MARE has existed since 1989. The gross margin fell from €1.7m in 2020 to €266,850 in 2021.

The gross margin has grown every year since 2021.

Amma Holding holds all the shares. In November 2024, the Official Gazette published the appointment of Joris Van Dyck as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about IMMO MARE

What is the company number of IMMO MARE?
The company number of IMMO MARE is 0438.678.738. The VAT number is the same number with BE in front: BE 0438.678.738.
Where is IMMO MARE based?
The registered office is at Oostmalsebaan 16, 2960 Brecht.Company details
What does IMMO MARE do?
According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of IMMO MARE?
IMMO MARE is a public limited company (NV).
When was IMMO MARE founded?
IMMO MARE was founded on 11-10-1989.
Is IMMO MARE still active?
Yes, IMMO MARE is an active enterprise in the KBO register.
What is the turnover of IMMO MARE?
The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €1.0m and 31 comparable companies (NACE 68201). It probably lies between €980,000 and €1.2m.Financials
Is IMMO MARE profitable?
In financial year 2025, IMMO MARE made a profit of €241,922.
Where can I find the annual accounts of IMMO MARE?
IMMO MARE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IMMO MARE due?
IMMO MARE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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