Losses
-€39,338 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
IMMO MAZY105
Lifetime
20 annual accounts with figures on one time axis, 43 filings since 1983peak €135,408 (2010)
€33,846▲ 7.0%
lowest -€18,377 (2025)
-€18,377▼ €11,341
peak €354,420 (2014)
€234,626▼ 7.3%
€498,989▲ 212%
peak 2.3 FTE (2006)
-not published
Board2 names since 2011
1 directorRené MARNEFFE
Documentsfilings and deeds
07-07-202624 days before the deadline
2025micro format
Loss of €18,377Debts from €160,112 to €498,989Investments €360,871
Key points
from the 2025 annual accountsInvestments
€360,871 12.3 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 84.0% higher than in 2024.
Filings
43 annual accounts since 1983
The last five annual accounts were filed 13 to 155 days before the end of the period.
Checked score
90
Excellent
Financially stronger than 28% of micro companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
About 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 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025lowest value
08-2025: 0.1%● unchanged 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: 0.2%▲ +0.1 percentage points vs 06-2026highest value
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 strengthAverage
Score breakdown
raises risk
Founded in 1983
No main activity registered
lowers risk
Size: total assets €763,836
Figures for financial year 2025 (filed on 07-07-2026)
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 (no NACE code, micro). It does better than 33% of them on solvency, 32% on liquidity, 21% on profitability and 27% on growth.
The bankruptcy probability was computed on 05-11-2026 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, 8,617 companies had the same profile as IMMO MAZY105 has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO MAZY105 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.
| 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 8,617 companies, not a prediction for IMMO MAZY105. 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 €21,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.23 (0.31 in 2024), below 1. Short-term debt is 21.1% and cash 4.7% of total assets. 69.3% 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
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18,377
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 days early
2024
155 days early
2023
13 days early
2022
111 days early
2021
20 days early
2020
25 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 55 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 7 July (4 of the last 5 accounts filed within 87 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Appointments: René MARNEFFE (statutory director) and Bernadette JADIN (alternate statutory director)
General meeting of 23-11-2023 · Gazette deed
First establishment
Rue Mazy 105, Namur
Official details
Source: KBO- Status
- Active since 22-12-1983Normal situation
- Activity
- “La constitution et la valorisation d’un patrimoine immobilier,et notamment:l'achat,l'échange,la vente,la prise en location et…” (deed in French)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.023.444.7445100 Namur, since 02-01-1984
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- ≈ €140,000estimated
- €763,836▲ 71.7%
- Filing
- Filed on 07-07-2026, 24 days before the end of the filing period
Insights on IMMO MAZY105
IMMO MAZY105 files the micro format. That format states no turnover. The gross margin fell from €98,357 in 2006 to €33,846 in 2025.
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
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 MAZY105
- What is the company number of IMMO MAZY105?
- The company number of IMMO MAZY105 is 0424.962.245. The VAT number is the same number with BE in front: BE 0424.962.245.
- Where is IMMO MAZY105 based?
- The registered office is at Rue Mazy 105, 5100 Namur.Company details
- What is the legal form of IMMO MAZY105?
- IMMO MAZY105 is a private limited company (BV).
- When was IMMO MAZY105 founded?
- IMMO MAZY105 was founded on 22-12-1983.
- Is IMMO MAZY105 still active?
- Yes, IMMO MAZY105 is an active enterprise in the KBO register.
- What is the turnover of IMMO MAZY105?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €33,846 and 2,946 comparable companies of the same size. It probably lies between €82,000 and €250,000. It is a rough estimate. In financial year 2021 turnover was €48,999.Financials
- Is IMMO MAZY105 profitable?
- In financial year 2025, IMMO MAZY105 made a loss of €18,377.
- Where can I find the annual accounts of IMMO MAZY105?
- IMMO MAZY105 filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMO MAZY105 due?
- IMMO MAZY105 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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