IMMO MGN
ActiveSummary
IMMO MGN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.80M and a net result of €-65k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 74% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+1
Solvency88▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 6.55 against 0.95 in 2024; short-term debt: 4% and cash: 0.7% of total assets), and 37.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · 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
62.8%
Return on assets
-1.1%
Age of the figures
9 mo
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
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
31 d late
2023
56 d early
2022
92 d late
2021
114 d late
2020
132 d late
2019
92 d late
← 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
Financials · fiscal year 2025, micro schema
Equity
€3.80M▼ 1.7%
2024 · €3.87M
2018: €3.96M
2019: €3.91M▼ -1.2% vs 2018
2020: €4.08M▲ +4.4% vs 2019
2021: €4.17M▲ +2.1% vs 2020highest in 8 years
2022: €4.08M▼ -2.2% vs 2021
2023: €3.94M▼ -3.3% vs 2022
2024: €3.87M▼ -1.9% vs 2023
2025: €3.80M▼ -1.7% vs 2024lowest in 8 years
2018 → 2025
Total assets
€6.06M▲ 2.2%
2024 · €5.93M
2018: €5.79M
2019: €6.34M▲ +9.4% vs 2018highest in 8 years
2020: €5.77M▼ -8.9% vs 2019
2021: €5.73M▼ -0.7% vs 2020
2022: €5.91M▲ +3.1% vs 2021
2023: €5.67M▼ -4.1% vs 2022lowest in 8 years
2024: €5.93M▲ +4.5% vs 2023
2025: €6.06M▲ +2.2% vs 2024
2018 → 2025
Net result
€-65k▲ 13.4%
2024 · €-75k
2018: €-87k
2019: €-47k▲ +45.4% vs 2018
2020: €173k▲ +467% vs 2019highest in 8 years
2021: €84k▼ -51.3% vs 2020
2022: €-91k▼ -208% vs 2021
2023: €-136k▼ -49.3% vs 2022lowest in 8 years
2024: €-75k▲ +45.1% vs 2023
2025: €-65k▲ +13.4% vs 2024
2018 → 2025
Working capital
€1.35M
2024 · €-64k
2018: €-678k
2019: €-836k▼ -23.4% vs 2018
2020: €-1.03M▼ -23.0% vs 2019lowest in 8 years
2021: €-811k▲ +21.2% vs 2020
2022: €-865k▼ -6.7% vs 2021
2023: €-859k▲ +0.7% vs 2022
2024: €-64k▲ +92.6% vs 2023
2025: €1.35M▲ +2222% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.17M-€4.08M▼ 2.2%€3.94M▼ 3.3%€3.87M▼ 1.9%€3.80M▼ 1.7%
2021: €4.17Mhighest in 5 years
2022: €4.08M▼ -2.2% vs 2021
2023: €3.94M▼ -3.3% vs 2022
2024: €3.87M▼ -1.9% vs 2023
2025: €3.80M▼ -1.7% vs 2024lowest in 5 years
Operating result€129k-€-39k€-45k▼ 16.4%€16k€26k▲ 63.7%
2021: €129khighest in 5 years
2022: €-39k▼ -130% vs 2021
2023: €-45k▼ -16.4% vs 2022lowest in 5 years
2024: €16k▲ +135% vs 2023
2025: €26k▲ +63.7% vs 2024
Net result€84k-€-91k€-136k▼ 49.3%€-75k▲ 45.1%€-65k▲ 13.4%
2021: €84khighest in 5 years
2022: €-91k▼ -208% vs 2021
2023: €-136k▼ -49.3% vs 2022lowest in 5 years
2024: €-75k▲ +45.1% vs 2023
2025: €-65k▲ +13.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 64% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.06M
Fixed assets
€4.46M ▼ 4.7%
Current assets
€1.59M ▲ 28.1%
Equity and liabilities €6.06M
Equity
€3.80M ▼ 1.7%
Debt
€2.25M ▲ 9.3%
Debt's share of the balance-sheet total rises from 34.8% to 37.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€254k▲
2024 · €245k
Cash flow
€163k▲
2024 · €155k
Current ratio
6.55▲
2024 · 0.95
Quick ratio
1.69▲
2024 · 0.54
Debt to equity
0.59▲
2024 · 0.53
ROE
-1.7%▲
2024 · -1.9%
ROA
-1.1%▲
2024 · -1.3%
Interest coverage
2.79▲
2024 · 2.73
Debt ≤ 1 year
€244k▼
2024 · €1.31M
Debt > 1 year
€2.01M▲
2024 · €752k
Income taxes
€501▼
2024 · €556
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.93M€6.06M▲
Fixed assets21/28€4.68M€4.46M▼
Tangible fixed assets22/27€4.68M€4.46M▼
Land and buildings22€4.52M€4.35M▼
Plant, machinery and equipment23€88k€59k▼
Furniture and vehicles24€79k€54k▼
Current assets29/58€1.24M€1.59M▲
Stocks and contracts in progress3€537k€1.18M▲
Stocks30/36€537k€1.18M▲
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40€5k€7k▲
Other amounts receivable41€85€85▲
Current investments50/53€670k€360k▼
Cash at bank and in hand54/58€33k€44k▲
Equity and liabilities
Total equity and liabilities10/49€5.93M€6.06M▲
Equity10/15€3.87M€3.80M▼
Contributions10/11€4.21M€4.21M=
Reserves13€7k-
Tax-exempt reserves132€7k-
Profit (loss) carried forward14€-353k€-411k▼
Amounts payable17/49€2.06M€2.25M▲
Amounts payable after more than one year17€752k€2.01M▲
Financial debts170/4€752k€556k▼
Other amounts payable178/9-€1.45M
Amounts payable within one year42/48€1.31M€244k▼
Current portion of amounts payable after more than one year42€75k€76k▲
Trade debts44€19k€106k▲
Suppliers440/4€19k€106k▲
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€85k€55k▼
Taxes450/3€85k€55k▼
Other amounts payable47/48€1.13M-
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€230k€228k▼
Other operating charges640/8€98k€41k▼
Gross operating margin9900€343k€295k▼
Operating profit (loss)9901€16k€26k▲
Financial income75/76B€106€1k▲
Recurring financial income75€106€1k▲
Financial charges65/66B€90k€91k▲
Recurring financial charges65€90k€91k▲
Profit (loss) for the period before taxes9903€-74k€-64k▲
Income taxes67/77€556€501▼
Profit (loss) for the period9904€-75k€-65k▲
Transfer from tax-exempt reserves789-€7k
Transfer to tax-exempt reserves689€4k-
Profit (loss) for the period to be appropriated9905€-78k€-57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-353k€-411k▼
Profit (loss) brought forward from the previous period14P€-275k€-353k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €238k | €220k | €247k | €230k | €228k | ▼ 0.8% |
| Other operating charges640/8 | €16k | €18k | €26k | €98k | €41k | ▼ 58.2% |
| Gross operating margin9900 | €383k | €199k | €228k | €343k | €295k | ▼ 14.1% |
| Operating profit (loss)9901 | €129k | €-39k | €-45k | €16k | €26k | ▲ 63.7% |
| Financial income75/76B | - | - | €12 | €106 | €1k | ▲ 891% |
| Recurring financial income75 | - | - | €12 | €106 | €1k | ▲ 891% |
| Financial charges65/66B | €45k | €52k | €90k | €90k | €91k | ▲ 1.2% |
| Recurring financial charges65 | €45k | €52k | €90k | €90k | €91k | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €84k | €-91k | €-135k | €-74k | €-64k | ▲ 13.4% |
| Income taxes67/77 | - | €32 | €563 | €556 | €501 | ▼ 9.8% |
| Profit (loss) for the period9904 | €84k | €-91k | €-136k | €-75k | €-65k | ▲ 13.4% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €7k | - |
| Transfer to tax-exempt reserves689 | - | - | €4k | €4k | - | - |
| Profit (loss) for the period to be appropriated9905 | €84k | €-91k | €-139k | €-78k | €-57k | ▲ 26.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.73M | €5.91M | €5.67M | €5.93M | €6.06M | ▲ 2.2% |
| Fixed assets21/28 | €5.48M | €5.39M | €5.18M | €4.68M | €4.46M | ▼ 4.7% |
| Tangible fixed assets22/27 | €5.48M | €5.39M | €5.18M | €4.68M | €4.46M | ▼ 4.7% |
| Land and buildings22 | €5.34M | €5.15M | €4.96M | €4.52M | €4.35M | ▼ 3.7% |
| Plant, machinery and equipment23 | €127k | €104k | €108k | €88k | €59k | ▼ 32.7% |
| Furniture and vehicles24 | €9k | €139k | €109k | €79k | €54k | ▼ 31.5% |
| Current assets29/58 | €254k | €517k | €493k | €1.24M | €1.59M | ▲ 28.1% |
| Stocks and contracts in progress3 | - | €474k | €474k | €537k | €1.18M | ▲ 120% |
| Stocks30/36 | - | €474k | €474k | €537k | €1.18M | ▲ 120% |
| Amounts receivable within one year40/41 | €9k | €29k | €8k | €5k | €7k | ▲ 31.5% |
| Trade receivables40 | €5k | €9k | - | €5k | €7k | ▲ 32.1% |
| Other amounts receivable41 | €4k | €20k | €8k | €85 | €85 | ▲ 0.5% |
| Current investments50/53 | €235k | - | - | €670k | €360k | ▼ 46.3% |
| Cash at bank and in hand54/58 | €9k | €15k | €11k | €33k | €44k | ▲ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.73M | €5.91M | €5.67M | €5.93M | €6.06M | ▲ 2.2% |
| Equity10/15 | €4.17M | €4.08M | €3.94M | €3.87M | €3.80M | ▼ 1.7% |
| Contributions10/11 | €4.21M | €4.21M | €4.21M | €4.21M | €4.21M | = |
| Reserves13 | - | - | €4k | €7k | - | - |
| Tax-exempt reserves132 | - | - | €4k | €7k | - | - |
| Profit (loss) carried forward14 | €-45k | €-135k | €-275k | €-353k | €-411k | ▼ 16.2% |
| Amounts payable17/49 | €1.56M | €1.83M | €1.73M | €2.06M | €2.25M | ▲ 9.3% |
| Amounts payable after more than one year17 | €499k | €451k | €377k | €752k | €2.01M | ▲ 167% |
| Financial debts170/4 | €499k | €451k | €377k | €752k | €556k | ▼ 26.1% |
| Other amounts payable178/9 | - | - | - | - | €1.45M | - |
| Amounts payable within one year42/48 | €1.06M | €1.38M | €1.35M | €1.31M | €244k | ▼ 81.4% |
| Current portion of amounts payable after more than one year42 | €150k | €173k | €74k | €75k | €76k | ▲ 1.3% |
| Financial debts43 | - | - | €100k | - | - | - |
| Credit institutions430/8 | - | - | €100k | - | - | - |
| Trade debts44 | €11k | €51k | €9k | €19k | €106k | ▲ 457% |
| Suppliers440/4 | €11k | €51k | €9k | €19k | €106k | ▲ 457% |
| Advances received on contracts in progress46 | - | - | - | - | €7k | - |
| Taxes, remuneration and social security45 | €16k | €18k | €32k | €85k | €55k | ▼ 35.6% |
| Taxes450/3 | €16k | €18k | €32k | €85k | €55k | ▼ 35.6% |
| Other amounts payable47/48 | €887k | €1.14M | €1.14M | €1.13M | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €-91k | €-136k | €-75k | €-65k | ▲ 13.4% |
| + Depreciation and write-downs630 | €238k | €220k | €247k | €230k | €228k | ▼ 0.8% |
| Operating cash flow (approximation) | €322k | €129k | €111k | €155k | €163k | ▲ 5.3% |
| Investment in fixed assets (approximation) | - | €-135k | €-31k | €265k | €-6k | ▼ 102% |
| Change in cash | - | €5k | €-3k | €21k | €12k | ▼ 44.3% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 7current ratio 6.55
Current ratio from 0.95 to 6.55; short-term debt falls from €1.31M to €244k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-136k
Net result drops to €-136k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 132 days late
2020
31-12
Financial
Back to profitnet €173k
Net result €173k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 163 days late
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 195 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Deinze · 1 establishment unit since 2013
Ground area
3,056 m²
Building footprint
201 m²
Volume, LiDAR
1,043 m³
Parcel 44006B0603/00C000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Immo MGN
since 20132.222.541.204
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44006B0603/00C000 | Flanders | 3,056 m² | 1 · 201 m² | 8.5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 5,630 EUR awarded · 5,630 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,630 EUR | 5,630 EUR |
Schemes
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Similar companies · same sector, comparable size
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BE 0876.859.016
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Immo Wayenborgh
BE 0769.945.715
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C S
BE 0871.634.674
Kalmthout · Eq €3,878,432
Adremco
BE 0659.933.758
Eeklo · Eq €3,887,485
Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 476 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.