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IMMO N2E

Active
Private limited companyfounded 20206 yrs activeLouizalaan 65, 1050 Elsene, BelgiumKBO/BCE: BE 0743.873.402
Summary

The computed 12-month bankruptcy probability of IMMO N2E is 3.3% (moderate). The 2025 annual accounts show equity of €314,034 and a net result of €70,866. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 33943 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
IMMO N2EActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Other specialised construction activities
NACE 43990NACE 43999
1 site
Size
€3.4mtotal assets 2025
Equity
€314,034
Profit
€70,866
Turnover not published (abridged schema)
Financial health
50 Fair Checked score 2025
Bankruptcy chance 12 m
3.3%
Structure
Accounts filed 31 d late0 of 5 deeds read
Why 50- Liquidity: current ratio 0.13, cash €1,490, halved- Latest accounts 31 days late; 1 of the last 3 late+ Size: total assets €3.4m+ Figures for FY 2025 (filed 31-08-2026)Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 38% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 34-1
equity 9.2% of total assets
Liquidity 22+8
short-term debt 54.9% · cash 0.0%
Profitability 71+1
return on assets 2.1%
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,635 companies)
Last 24 months 11-2024: 2.7% 12-2024: 2.8%▲ +1.8% vs 11-2024 01-2025: 4.0%▲ +44.6% vs 12-2024 02-2025: 4.1%▲ +1.6% vs 01-2025 03-2025: 4.6%▲ +12.0% vs 02-2025 04-2025: 4.7%▲ +4.0% vs 03-2025 05-2025: 5.4%▲ +14.6% vs 04-2025highest value 06-2025: 5.4%▼ -0.1% vs 05-2025 07-2025: 5.3%▼ -1.4% vs 06-2025 08-2025: 2.9%▼ -46.5% vs 07-2025 09-2025: 2.8%▼ -0.5% vs 08-2025 10-2025: 2.8%▼ -1.5% vs 09-2025 11-2025: 2.8%● 0.0% vs 10-2025 12-2025: 2.8%● 0.0% vs 11-2025 01-2026: 2.8%● 0.0% vs 12-2025 02-2026: 2.7%▼ -5.0% vs 01-2026lowest value 03-2026: 3.1%▲ +16.0% vs 02-2026 04-2026: 3.3%▲ +5.8% vs 03-2026 05-2026: 3.4%▲ +5.2% vs 04-2026 06-2026: 3.7%▲ +8.7% vs 05-2026 07-2026: 3.7%● 0.0% vs 06-2026 08-2026: 4.7%▲ +25.2% vs 07-2026 09-2026: 3.3%▼ -30.4% vs 08-2026 10-2026: 3.3%● 0.0% vs 09-2026
  • Liquidity: current ratio 0.13, cash €1,490, halved raises the probability
  • Latest accounts 31 days late; 1 of the last 3 late raises the probability
  • Size: total assets €3.4m lowers the probability for this profile
  • Figures for FY 2025 (filed 31-08-2026) lowers the probability
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.06 in 2024; short-term debt: 54.9% and cash: 0% of total assets), and 90.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 10%, liquidity 13%, profitability 45%, growth against the median 84%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.13, cash €1,490, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Latest accounts 31 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €3.4m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 31-08-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 33943 sector peers (2025).
NBB · sector comparison
Position among 33943 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filings
Deviation from the deadline
2025
31 d late
2024
6 d early
2023
13 d early
2022
44 d late
2021
18 d late
2020
19 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 18 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Caution: Among the weakest 14% on solvencysector median 47.1% · 33,943 companies 9.2% View
  • Positive: 5 profitable years in a rowprofit 2025: €70,866 5 years View
  • Positive: Equity rose in 2025from €243,168 to €314,034 ▲ 29.1% View

By topic

Financials

Fiscal year
2025
Total assets
€3.4m
Profit
€70,866
Solvency
9.2%
Total assets▲ 32.9%
Net result
20202025
Go to Financials

Timeline

Events
10
Since
2021
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 25-07-2025Annual accounts filed
  3. 18-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other specialised construction activitiesNACE 43990
Founded
20-02-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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