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IMMO N5

Active
Private limited companyfounded 200223 years activeRue de France(Fra) 24, 5650 Walcourt, BelgiumKBO/BCE: BE 0479.188.413
Summary

IMMO N5 has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120,619 and a net result of -€5,728. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 16,777 sector peers (NACE 68, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
#9 oldest company in Walcourt, Real estate sector1 site
Size
€125,463total assets 2025
Equity
€120,619
Loss
-€5,728
Financial health
89 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.3%
Structure
Accounts filed 78 days late0 of 2 deeds read
Why 89- Latest accounts 79 days late; 2 of the last 3 late- Loss of €5,728 (FY 2025)+ Liquidity: current ratio 12.74, cash €50,123+ Equity €120,619 (96.1% of total assets)Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (NACE 68, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 96.1% of total assets
Liquidity 100+8
short-term debt 3.9% · cash 40.0%
Profitability 63-12
return on assets -4.6%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,529 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024lowest value 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: 0.2%▲ +0.1 percentage points vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.3%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.1%▼ -0.2 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.3%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 12.74 against 2.1 in 2024; short-term debt: 3.9% and cash: 40% of total assets), and 3.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (NACE 68, micro): better than 91% on solvency, 96% on liquidity, 50% on profitability and 35% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · Latest accounts 79 days late; 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 12.74, cash €50,123
NBB · annual accounts
raises risk · Loss of €5,728 (FY 2025)
NBB · annual accounts
lowers risk · Equity €120,619 (96.1% of total assets)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-04-2026, 78 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 filings
Deviation from the deadline
2025
78 days late
2024
150 days late
2023
28 days late
2022
1 day early
2021
114 days late
2020
111 days late
2019
42 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 19 April (4 of the last 5 filed years within 72 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Liquidity times 6current ratio 12.74
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: Among the best 5% on solvencysector median 29.4% · 16,777 companies 96.1% View
  • Caution: Latest accounts filed lateafter the legal deadline 78 days View
  • Total assets 20256 fiscal years filed €125,463 View

By topic

Financials

Fiscal year
2025
Total assets
€125,463
Loss
-€5,728
Solvency
96.1%
Turnover▲ 39.7%
Net result
20192021
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 31-01-2027
  1. 28-02-2024Annual accounts filed
  2. 30-06-2023Back to profit
  3. 30-01-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Renting and operating of own or leased non-residential…NACE 68203
Founded
31-12-2002
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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