IMMO MRG
ActiveSummary
IMMO MRG has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.52M and a net result of €-96k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 56% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-52
Solvency87▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 31% and cash: 0% of total assets), and 38.1% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
61.9%
Return on assets
-2.3%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
6 d late
2023
13 d late
2022
3 d late
2021
5 d late
2020
20 d late
2019
26 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.52M▼ 3.6%
2024 · €2.62M
2018: €2.48Mlowest in 8 years
2019: €2.51M▲ +1.2% vs 2018
2020: €2.54M▲ +1.0% vs 2019
2021: €2.58M▲ +1.5% vs 2020
2022: €2.60M▲ +0.7% vs 2021
2023: €2.62M▲ +0.9% vs 2022
2024: €2.62M● +0.0% vs 2023highest in 8 years
2025: €2.52M▼ -3.6% vs 2024
2018 → 2025
Total assets
€4.08M▼ 1.6%
2024 · €4.15M
2018: €4.08M
2019: €4.19M▲ +2.6% vs 2018
2020: €4.31M▲ +2.9% vs 2019highest in 8 years
2021: €4.16M▼ -3.6% vs 2020
2022: €4.08M▼ -1.8% vs 2021
2023: €4.17M▲ +2.1% vs 2022
2024: €4.15M▼ -0.6% vs 2023
2025: €4.08M▼ -1.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-96k
2024 · €878
2018: €6k
2019: €29k▲ +418% vs 2018
2020: €25k▼ -12.7% vs 2019
2021: €38k▲ +51.5% vs 2020highest in 8 years
2022: €19k▼ -50.7% vs 2021
2023: €24k▲ +25.4% vs 2022
2024: €878▼ -96.3% vs 2023
2025: €-96k▼ -10993% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-1.24M▼ 8.5%
2024 · €-1.14M
2018: €-644khighest in 8 years
2019: €-786k▼ -22.0% vs 2018
2020: €-846k▼ -7.7% vs 2019
2021: €-758k▲ +10.4% vs 2020
2022: €-939k▼ -23.7% vs 2021
2023: €-1.09M▼ -16.7% vs 2022
2024: €-1.14M▼ -4.2% vs 2023
2025: €-1.24M▼ -8.5% vs 2024lowest 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€2.58M-€2.60M▲ 0.7%€2.62M▲ 0.9%€2.62M=€2.52M▼ 3.6%
2021: €2.58M
2022: €2.60M▲ +0.7% vs 2021
2023: €2.62M▲ +0.9% vs 2022
2024: €2.62M● +0.0% vs 2023highest in 5 years
2025: €2.52M▼ -3.6% vs 2024lowest in 5 years
Operating result€84k-€60k▼ 27.8%€50k▼ 16.9%€15k▼ 69.8%€-82k
2021: €84khighest in 5 years
2022: €60k▼ -27.8% vs 2021
2023: €50k▼ -16.9% vs 2022
2024: €15k▼ -69.8% vs 2023
2025: €-82k▼ -643% vs 2024lowest in 5 years
Net result€38k-€19k▼ 50.7%€24k▲ 25.4%€878▼ 96.3%€-96k
2021: €38khighest in 5 years
2022: €19k▼ -50.7% vs 2021
2023: €24k▲ +25.4% vs 2022
2024: €878▼ -96.3% vs 2023
2025: €-96k▼ -10993% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €82k after €15k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.08M
Fixed assets
€4.05M ▼ 1.4%
Current assets
€27k ▼ 29.7%
Equity and liabilities €4.08M
Equity
€2.52M ▼ 3.6%
Debt
€1.55M ▲ 1.9%
Debt's share of the balance-sheet total rises from 36.8% to 38.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €83k
Cash flow
€-26k▼
2024 · €68k
Current ratio
0.02▼
2024 · 0.03
Debt to equity
0.62▲
2024 · 0.58
ROE
-3.8%▼
2024 · 0.0%
ROA
-2.3%▼
2024 · 0.0%
Interest coverage
-0.97▼
2024 · 5.89
Debt ≤ 1 year
€1.26M▲
2024 · €1.18M
Debt > 1 year
€289k▼
2024 · €346k
Income taxes
€15▼
2024 · €242
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.15M€4.08M▼
Fixed assets21/28€4.11M€4.05M▼
Tangible fixed assets22/27€4.11M€4.05M▼
Land and buildings22€4.11M€4.05M▼
Current assets29/58€38k€27k▼
Amounts receivable within one year40/41€26k€24k▼
Trade receivables40€26k€16k▼
Other amounts receivable41€230€8k▲
Cash at bank and in hand54/58€10k€1k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€4.15M€4.08M▼
Equity10/15€2.62M€2.52M▼
Contributions10/11€2.53M€2.53M=
Profit (loss) carried forward14€93k€-3k▼
Amounts payable17/49€1.53M€1.55M▲
Amounts payable after more than one year17€346k€289k▼
Financial debts170/4€346k€289k▼
Amounts payable within one year42/48€1.18M€1.26M▲
Current portion of amounts payable after more than one year42€72k€58k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€68k€137k▲
Suppliers440/4€68k€137k▲
Taxes, remuneration and social security45€2k€13k▲
Taxes450/3€2k€13k▲
Other amounts payable47/48€987k€1.01M▲
Accrued charges and deferred income492/3€1k€917▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€69k▲
Other operating charges640/8€17k€6k▼
Gross operating margin9900€100k€-7k▼
Operating profit (loss)9901€15k€-82k▼
Financial income75/76B-€14
Recurring financial income75-€14
Financial charges65/66B€14k€13k▼
Recurring financial charges65€14k€13k▼
Profit (loss) for the period before taxes9903€1k€-96k▼
Income taxes67/77€242€15▼
Profit (loss) for the period9904€878€-96k▼
Profit (loss) for the period to be appropriated9905€878€-96k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€-3k▼
Profit (loss) brought forward from the previous period14P€92k€93k▲
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 | €61k | €66k | €88k | €68k | €69k | ▲ 2.6% |
| Other operating charges640/8 | €3k | €19k | €9k | €17k | €6k | ▼ 66.5% |
| Gross operating margin9900 | €147k | €145k | €148k | €100k | €-7k | ▼ 107% |
| Operating profit (loss)9901 | €84k | €60k | €50k | €15k | €-82k | ▼ 643% |
| Financial income75/76B | €1 | - | €0 | - | €14 | - |
| Recurring financial income75 | €1 | - | €0 | - | €14 | - |
| Financial charges65/66B | €32k | €35k | €17k | €14k | €13k | ▼ 4.9% |
| Recurring financial charges65 | €32k | €35k | €17k | €14k | €13k | ▼ 4.9% |
| Profit (loss) for the period before taxes9903 | €52k | €26k | €34k | €1k | €-96k | ▼ 8,635% |
| Income taxes67/77 | €14k | €7k | €10k | €242 | €15 | ▼ 93.9% |
| Profit (loss) for the period9904 | €38k | €19k | €24k | €878 | €-96k | ▼ 10,993% |
| Profit (loss) for the period to be appropriated9905 | €38k | €19k | €24k | €878 | €-96k | ▼ 10,993% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.16M | €4.08M | €4.17M | €4.15M | €4.08M | ▼ 1.6% |
| Fixed assets21/28 | €4.10M | €4.05M | €4.14M | €4.11M | €4.05M | ▼ 1.4% |
| Tangible fixed assets22/27 | €4.10M | €4.05M | €4.14M | €4.11M | €4.05M | ▼ 1.4% |
| Land and buildings22 | €4.10M | €4.05M | €4.14M | €4.11M | €4.05M | ▼ 1.4% |
| Current assets29/58 | €58k | €28k | €26k | €38k | €27k | ▼ 29.7% |
| Amounts receivable within one year40/41 | €47k | €24k | €15k | €26k | €24k | ▼ 8.7% |
| Trade receivables40 | €47k | €24k | €15k | €26k | €16k | ▼ 38.9% |
| Other amounts receivable41 | - | - | €159 | €230 | €8k | ▲ 3,430% |
| Cash at bank and in hand54/58 | €8k | €2k | €9k | €10k | €1k | ▼ 86.2% |
| Deferred charges and accrued income490/1 | €3k | €1k | €3k | €2k | €1k | ▼ 23.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.16M | €4.08M | €4.17M | €4.15M | €4.08M | ▼ 1.6% |
| Equity10/15 | €2.58M | €2.60M | €2.62M | €2.62M | €2.52M | ▼ 3.6% |
| Contributions10/11 | €2.53M | €2.53M | €2.53M | €2.53M | €2.53M | = |
| Profit (loss) carried forward14 | €49k | €68k | €92k | €93k | €-3k | ▼ 103% |
| Amounts payable17/49 | €1.58M | €1.49M | €1.55M | €1.53M | €1.55M | ▲ 1.9% |
| Amounts payable after more than one year17 | €750k | €504k | €418k | €346k | €289k | ▼ 16.5% |
| Financial debts170/4 | €750k | €504k | €418k | €346k | €289k | ▼ 16.5% |
| Amounts payable within one year42/48 | €817k | €967k | €1.12M | €1.18M | €1.26M | ▲ 7.3% |
| Current portion of amounts payable after more than one year42 | €133k | €138k | €86k | €72k | €58k | ▼ 19.6% |
| Financial debts43 | €50k | €50k | €50k | €50k | €50k | = |
| Credit institutions430/8 | €50k | €50k | €50k | €50k | €50k | = |
| Trade debts44 | €3k | €18k | €15k | €68k | €137k | ▲ 101% |
| Suppliers440/4 | €3k | €18k | €15k | €68k | €137k | ▲ 101% |
| Advances received on contracts in progress46 | €41k | €14k | - | - | - | - |
| Taxes, remuneration and social security45 | €23k | €25k | €26k | €2k | €13k | ▲ 716% |
| Taxes450/3 | €23k | €25k | €26k | €2k | €13k | ▲ 716% |
| Other amounts payable47/48 | €567k | €721k | €944k | €987k | €1.01M | ▲ 2.0% |
| Accrued charges and deferred income492/3 | €15k | €16k | €12k | €1k | €917 | ▼ 17.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €19k | €24k | €878 | €-96k | ▼ 10,993% |
| + Depreciation and write-downs630 | €61k | €66k | €88k | €68k | €69k | ▲ 2.6% |
| Operating cash flow (approximation) | €99k | €85k | €112k | €68k | €-26k | ▼ 138% |
| Investment in fixed assets (approximation) | - | €-20k | €-177k | €-32k | €-13k | ▲ 58.5% |
| Change in cash | - | €-6k | €6k | €1k | €-9k | ▼ 867% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-09
Financial
Weakest financial yearnet €-96k
Net result drops to €-96k, the lowest in the series.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
05-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
30-09
Financial
Highest result since 2018net €38k ▲51.5%
Operating result €84k, net result €38k, both a record.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2018
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
08-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zonnebeke · 1 establishment unit since 2009
Ground area
3,576 m²
Building footprint
317 m²
Volume, LiDAR
1,862 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IMMO MRG
since 20092.183.375.077
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0136/00K002 | Flanders | 3,347 m² | 1 · 229 m² | 7.4 m · 2 fl. |
| 33014A1087/00G002 | Flanders | 229 m² | 1 · 88 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,483 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
Founded30-09-2009
Fiscal year end30-09
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.