IMMO NC
ActiveSummary
IMMO NC has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48,782 and a net result of €9,092. Equity is growing by ~106.6% per year across the filed fiscal years. Its solvency ranks better than 33% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+3
Solvency35▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.3 in 2024; short-term debt: 15.6% and cash: 1.3% of total assets), and 89.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
10.4%
Return on assets
1.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 8 filingsDeviation from the deadline
2025
21 d late
2024
27 d late
2023
23 d late
2022
5 d early
2021
31 d late
2020
1 d early
2019
91 d late
← 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 27 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€48,782▲ 22.9%
2024 · €39,689
Total assets
€468,328▼ 2.6%
2024 · €481,052
Net result
€9,092▲ 10.6%
2024 · €8,224
Working capital
-€46,246▲ 4.1%
2024 · -€48,201
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,957▼ 67.5%€5,313€43,148▲ 712%€22,820▼ 47.1%€22,250▼ 2.5%
Net result€3,222within the sector's middle half▼ 38.5%-€2,223within the sector's middle half€25,174within the sector's middle half€8,224within the sector's middle half▼ 67.3%€9,092within the sector's middle half▲ 10.6%
Equity€8,514below the sector's middle half▲ 60.9%€6,292below the sector's middle half▼ 26.1%€31,466within the sector's middle half▲ 400%€39,689within the sector's middle half▲ 26.1%€48,782within the sector's middle half▲ 22.9%
Total assets€214,968within the sector's middle half▼ 8.0%€570,120within the sector's middle half▲ 165%€490,296within the sector's middle half▼ 14.0%€481,052within the sector's middle half▼ 1.9%€468,328within the sector's middle half▼ 2.6%
Debt€206,454▼ 9.6%€563,828▲ 173%€458,830▼ 18.6%€441,363▼ 3.8%€419,546▼ 4.9%
Working capital-€61,845within the sector's middle half▼ 5.9%-€73,048below the sector's middle half▼ 18.1%-€50,639within the sector's middle half▲ 30.7%-€48,201within the sector's middle half▲ 4.8%-€46,246within the sector's middle half▲ 4.1%
Solvency4.0%below the sector's middle half▲ 1.7pp1.1%below the sector's middle half▼ 2.9pp6.4%within the sector's middle half▲ 5.3pp8.3%within the sector's middle half▲ 1.8pp10.4%within the sector's middle half▲ 2.2pp
Current ratio0.06below the sector's middle half▼ 0.150.49within the sector's middle half▲ 0.430.17below the sector's middle half▼ 0.320.30below the sector's middle half▲ 0.130.37below the sector's middle half▲ 0.07
Return on assets (ROA)1.5%within the sector's middle half▼ 0.7pp-0.4%within the sector's middle half▼ 1.9pp5.1%within the sector's middle half▲ 5.5pp1.7%within the sector's middle half▼ 3.4pp1.9%within the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €468,328
Fixed assets
€441,404 ▼ 4.2%
Current assets
€26,924 ▲ 32.7%
Equity and liabilities €468,328
Equity
€48,782 ▲ 22.9%
Debt
€419,546 ▼ 4.9%
Debt's share of the balance-sheet total falls from 91.7% to 89.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,605▼
2024 · €42,174
Cash flow
€28,447▲
2024 · €27,578
Debt to equity
8.60▼
2024 · 11.12
ROE
18.6%▼
2024 · 20.7%
Interest coverage
3.16▲
2024 · 2.89
Debt ≤ 1 year
€73,170▲
2024 · €68,495
Debt > 1 year
€343,164▼
2024 · €369,656
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,354 | €11,365 | €19,354 | €19,354 | €19,354 | = |
| Other operating charges640/8 | €361 | €1,478 | €2,490 | €3,320 | €2,662 | ▼ 19.8% |
| Gross operating margin9900 | -€7,241 | €18,156 | €64,992 | €45,494 | €44,266 | ▼ 2.7% |
| Operating profit (loss)9901 | -€14,957 | €5,313 | €43,148 | €22,820 | €22,250 | ▼ 2.5% |
| Financial income75/76B | €21,729 | - | - | - | - | - |
| Recurring financial income75 | €21,729 | - | - | - | - | - |
| Financial charges65/66B | €3,551 | €7,535 | €17,974 | €14,596 | €13,158 | ▼ 9.9% |
| Recurring financial charges65 | €3,551 | €7,535 | €17,974 | €14,596 | €13,158 | ▼ 9.9% |
| Profit (loss) for the period before taxes9903 | €3,222 | -€2,223 | €25,174 | €8,224 | €9,092 | ▲ 10.6% |
| Income taxes67/77 | - | - | - | - | €0 | - |
| Profit (loss) for the period9904 | €3,222 | -€2,223 | €25,174 | €8,224 | €9,092 | ▲ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €3,222 | -€2,223 | €25,174 | €8,224 | €9,092 | ▲ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,968 | €570,120 | €490,296 | €481,052 | €468,328 | ▼ 2.6% |
| Fixed assets21/28 | €210,832 | €499,467 | €480,112 | €460,758 | €441,404 | ▼ 4.2% |
| Tangible fixed assets22/27 | €210,832 | €499,467 | €480,112 | €460,758 | €441,404 | ▼ 4.2% |
| Land and buildings22 | €210,832 | €499,467 | €480,112 | €460,758 | €441,404 | ▼ 4.2% |
| Current assets29/58 | €4,136 | €70,653 | €10,183 | €20,294 | €26,924 | ▲ 32.7% |
| Amounts receivable within one year40/41 | €2,927 | €5,139 | €7,866 | €17,873 | €20,708 | ▲ 15.9% |
| Trade receivables40 | €2,927 | €5,139 | €7,866 | €17,873 | €18,208 | ▲ 1.9% |
| Other amounts receivable41 | - | - | - | - | €2,500 | - |
| Cash at bank and in hand54/58 | €1,209 | €65,514 | €2,318 | €2,421 | €6,216 | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,968 | €570,120 | €490,296 | €481,052 | €468,328 | ▼ 2.6% |
| Equity10/15 | €8,514 | €6,292 | €31,466 | €39,689 | €48,782 | ▲ 22.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€10,086 | -€12,308 | €12,866 | €21,089 | €30,182 | ▲ 43.1% |
| Amounts payable17/49 | €206,454 | €563,828 | €458,830 | €441,363 | €419,546 | ▼ 4.9% |
| Amounts payable after more than one year17 | €140,473 | €420,127 | €395,301 | €369,656 | €343,164 | ▼ 7.2% |
| Financial debts170/4 | €140,473 | €420,127 | €395,301 | €369,656 | €343,164 | ▼ 7.2% |
| Amounts payable within one year42/48 | €65,981 | €143,701 | €60,822 | €68,495 | €73,170 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | €24,034 | €28,041 | €25,645 | €26,491 | ▲ 3.3% |
| Financial debts43 | €14,011 | - | - | - | - | - |
| Credit institutions430/8 | €14,011 | - | - | - | - | - |
| Trade debts44 | €4,541 | €61,319 | €1,242 | €2,692 | €6,876 | ▲ 155% |
| Suppliers440/4 | €4,541 | €61,319 | €1,242 | €2,692 | €6,876 | ▲ 155% |
| Taxes, remuneration and social security45 | €2,429 | €1,013 | €4,849 | €3,325 | €2,970 | ▼ 10.7% |
| Taxes450/3 | €2,429 | €1,013 | €4,849 | €3,325 | €2,970 | ▼ 10.7% |
| Other amounts payable47/48 | €45,000 | €57,335 | €26,690 | €36,833 | €36,833 | = |
| Accrued charges and deferred income492/3 | - | - | €2,707 | €3,212 | €3,212 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,222 | -€2,223 | €25,174 | €8,224 | €9,092 | ▲ 10.6% |
| + Depreciation and write-downs630 | €7,354 | €11,365 | €19,354 | €19,354 | €19,354 | = |
| Operating cash flow (approximation) | €10,576 | €9,143 | €44,529 | €27,578 | €28,447 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | -€300,000 | €0 | €0 | €0 | - |
| Change in cash | - | €64,305 | -€63,196 | €103 | €3,795 | ▲ 3,583% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €25,174
Net result €25,174 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,239
Net result €5,239 after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 2018
Ground area
4,422 m²
Building footprint
2,398 m²
Volume, LiDAR
7,006 m³
Parcel 71304D1226/00F003, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
Immo NC
since 20182.273.363.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1226/00F003 | Flanders | 4,422 m² | 1 · 2,398 m² | 9.7 m · 1 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.
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Of 3,762 companies in sector 68321 we hold annual accounts for 1,394. 897 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 (pre-2019)
Founded12-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0690543790
Also
9925:BE0690543790
Registered
16-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.