IMMO MAX
ActiveSummary
IMMO MAX has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €527k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 59% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency74▲+15
Growth38=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.97 against 1.52 in 2024; short-term debt: 50.7% and cash: 48% of total assets), but 50.7% 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
49.3%
Return on assets
234.1%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
24 d early
2023
19 d early
2022
13 d early
2021
18 d early
2020
4 d early
2019
14 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
€631k▼ 66.8%
2018 · €1.90M
EBIT margin
143.9%▲ 141.9pp
2018 · 2.0%
Net result
€527k▲ 96.9%
2024 · €267k
Working capital
€111k▼ 75.0%
2024 · €443k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€-3k€-538▲ 79.2%€23k€357k▲ 1,445%€697k▲ 95.4%
Net result€-1k▲ 92.5%€142€5k▲ 3,680%€267k▲ 4,888%€527k▲ 96.9%
EBIT margin
Equity€722k▼ 0.2%€722k=€727k▲ 0.7%€443k▼ 39.1%€111k▼ 75.0%
Total assets€1.77M▼ 12.2%€1.57M▼ 10.9%€1.56M▼ 0.7%€1.29M▼ 17.1%€225k▼ 82.6%
Debt€1.05M▼ 18.9%€852k▼ 18.5%€835k▼ 2.0%€852k▲ 2.1%€114k▼ 86.6%
Working capital€1.08M▼ 17.4%€903k▼ 16.7%€727k▼ 19.4%€443k▼ 39.1%€111k▼ 75.0%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 95% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €225k
Equity
€111k ▼ 75.0%
Debt
€114k ▼ 86.6%
Debt's share of the balance-sheet total falls from 65.8% to 50.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.97▲
2024 · 1.52
Quick ratio
1.24▲
2024 · 0.16
Debt to equity
1.03▼
2024 · 1.93
ROE
475.3%▲
2024 · 60.4%
ROA
234.1%▲
2024 · 20.6%
Debt ≤ 1 year
€114k▼
2024 · €852k
Income taxes
€174k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €84k | €79k | - | - | - | - |
| Other operating income74 | €84k | €79k | - | - | - | - |
| Operating charges60/66A | €87k | €80k | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €10k | - | - | - | - | - |
| Purchases600/8 | €10k | - | - | - | - | - |
| Services and other goods61 | €72k | €51k | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €-11k | €-253k | €-736k | ▼ 191% |
| Other operating charges640/8 | €5k | €29k | €6k | €6k | €3k | ▼ 44.8% |
| Gross operating margin9900 | - | - | €18k | €109k | €-36k | ▼ 133% |
| Operating profit (loss)9901 | €-3k | €-538 | €23k | €357k | €697k | ▲ 95.4% |
| Financial income75/76B | €42k | €31k | €1k | €2k | €5k | ▲ 149% |
| Recurring financial income75 | €42k | €31k | €1k | €2k | €5k | ▲ 149% |
| Income from financial fixed assets750 | €42k | - | - | - | - | - |
| Income from current assets751 | €136 | - | - | - | - | - |
| Other financial income752/9 | - | €31k | - | - | - | - |
| Financial charges65/66B | €41k | €30k | €19k | €29k | €2k | ▼ 92.8% |
| Recurring financial charges65 | €41k | €30k | €19k | €29k | €2k | ▼ 92.8% |
| Debt charges650 | €38k | - | - | - | - | - |
| Other financial charges652/9 | €3k | €30k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-1k | €142 | €5k | €331k | €701k | ▲ 112% |
| Income taxes67/77 | - | - | - | €63k | €174k | ▲ 176% |
| Profit (loss) for the period9904 | €-1k | €142 | €5k | €267k | €527k | ▲ 96.9% |
| Profit (loss) for the period to be appropriated9905 | €-1k | €142 | €5k | €267k | €527k | ▲ 96.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.77M | €1.57M | €1.56M | €1.29M | €225k | ▼ 82.6% |
| Fixed assets21/28 | €50k | - | - | - | - | - |
| Financial fixed assets28 | €50k | - | - | - | - | - |
| Affiliated companies280/1 | €50k | - | - | - | - | - |
| Participating interests280 | €50k | - | - | - | - | - |
| Current assets29/58 | €1.72M | €1.57M | €1.56M | €1.29M | €225k | ▼ 82.6% |
| Stocks and contracts in progress3 | €1.53M | €1.53M | €1.53M | €1.16M | €83k | ▼ 92.9% |
| Stocks30/36 | €1.53M | €1.53M | €1.53M | €1.16M | €83k | ▼ 92.9% |
| Property held for sale35 | €1.53M | €1.53M | - | - | - | - |
| Amounts receivable within one year40/41 | €10k | €16k | €13k | €390 | €34k | ▲ 8,578% |
| Trade receivables40 | €8k | €13k | €12k | - | - | - |
| Other amounts receivable41 | €2k | €3k | €906 | €390 | €34k | ▲ 8,578% |
| Cash at bank and in hand54/58 | €148k | €11k | €2k | €121k | €108k | ▼ 10.5% |
| Deferred charges and accrued income490/1 | €27k | €14k | €14k | €12k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.77M | €1.57M | €1.56M | €1.29M | €225k | ▼ 82.6% |
| Equity10/15 | €722k | €722k | €727k | €443k | €111k | ▼ 75.0% |
| Contributions10/11 | €400k | €400k | €400k | €400k | €62k | ▼ 84.6% |
| Capital10 | €400k | €400k | €400k | €400k | €62k | ▼ 84.6% |
| Issued capital100 | €400k | €400k | €400k | €400k | €62k | ▼ 84.6% |
| Reserves13 | €322k | €322k | €327k | €43k | €49k | ▲ 15.4% |
| Non-distributable reserves130/1 | €40k | €40k | €40k | €40k | €6k | ▼ 84.6% |
| Legal reserve130 | €40k | €40k | €40k | €40k | €6k | ▼ 84.6% |
| Distributable reserves133 | €282k | €282k | €287k | €3k | €43k | ▲ 1,493% |
| Amounts payable17/49 | €1.05M | €852k | €835k | €852k | €114k | ▼ 86.6% |
| Amounts payable after more than one year17 | €412k | €181k | - | - | - | - |
| Financial debts170/4 | €412k | €181k | - | - | - | - |
| Credit institutions173 | €412k | €181k | - | - | - | - |
| Amounts payable within one year42/48 | €634k | €671k | €835k | €852k | €114k | ▼ 86.6% |
| Current portion of amounts payable after more than one year42 | €220k | €231k | €181k | - | - | - |
| Trade debts44 | €413k | €370k | €314k | €287k | €96k | ▼ 66.4% |
| Suppliers440/4 | €413k | €370k | €314k | €287k | €96k | ▼ 66.4% |
| Taxes, remuneration and social security45 | - | - | - | €13k | €18k | ▲ 34.6% |
| Taxes450/3 | - | - | - | €13k | €18k | ▲ 34.6% |
| Other amounts payable47/48 | €1k | €70k | €340k | €552k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €142 | €5k | €267k | €527k | ▲ 96.9% |
| Operating cash flow (approximation) | €-1k | €142 | €5k | €267k | €527k | ▲ 96.9% |
| Change in cash | - | €-137k | €-9k | €118k | €-13k | ▼ 111% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €142
Net result €142 after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €773k
Net result €773k after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-06
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 10 acts read
About the unread acts
We know of 10 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
10 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, Schaarbeek · 1 establishment unit since 1989
Ground area
938 m²
Building footprint
196 m²
Volume, LiDAR
1,229 m³
Parcel 21905C0150/00B009, Brussels · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Roodebeeklaan 24, 1030 Schaarbeek
since 19892.046.287.551
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0150/00B009 | Brussels | 938 m² | 1 · 195 m² | 12.4 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.
Similar companies · same sector, comparable size
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KUANZA
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DE BRUG
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,325 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
Founded22-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.