Summary
Immo Nolex is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €187k and a net result of €4k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 18% of 6156 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6156 sector peers (2024).
NBB · sector comparisonPosition among 6156 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
29 d late
2022
94 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€187k▲ 1.5%
2023 · €185k
2022: €109k
2023: €185k
2022 → 2024
Net result
€4k▼ 95.3%
2023 · €76k
2022: €104k
2023: €76k
2022 → 2024
Total assets
€1.12M▼ 11.7%
2023 · €1.27M
2022: €954k
2023: €1.27M
2022 → 2024
Solvency
16.8%▲ 2.2pp
2023 · 14.6%
2022: 11.4%
2023: 14.6%
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€109k-€185k▲ 69.1%€187k▲ 1.5%
Operating result€120k-€112k▼ 6.9%€25k▼ 77.3%
Net result€104k-€76k▼ 26.6%€4k▼ 95.3%
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 has fallen two years in a row; 2024 is 77% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.12M
Fixed assets
€734k ▼ 4.3%
Current assets
€384k ▼ 23.0%
Equity and liabilities €1.12M
Equity
€187k ▲ 1.5%
Debt
€931k ▼ 13.9%
Debt's share of the balance-sheet total falls from 85.4% to 83.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
1.9%▼
2023 · 41.4%
ROA
0.3%▼
2023 · 6.0%
Debt ≤ 1 year
€377k▲
2023 · €110k
Debt > 1 year
€553k▼
2023 · €971k
Income taxes
€2k▼
2023 · €20k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.27M€1.12M▼
Formation expenses20€711€416▼
Fixed assets21/28€767k€734k▼
Tangible fixed assets22/27€767k€734k▼
Land and buildings22€767k€734k▼
Current assets29/58€498k€384k▼
Stocks and contracts in progress3€225k€225k=
Stocks30/36€225k€225k=
Amounts receivable within one year40/41€206k€104k▼
Trade receivables40€90k€3k▼
Other amounts receivable41€116k€100k▼
Cash at bank and in hand54/58€67k€55k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.12M▼
Equity10/15€185k€187k▲
Contributions10/11€5k€5k=
Reserves13€180k€182k▲
Distributable reserves133€180k€182k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.08M€931k▼
Amounts payable after more than one year17€971k€553k▼
Financial debts170/4€815k€519k▼
Other amounts payable178/9€156k€34k▼
Amounts payable within one year42/48€110k€377k▲
Current portion of amounts payable after more than one year42€43k€296k▲
Financial debts43-€491
Credit institutions430/8-€491
Trade debts44€20k€20k▼
Suppliers440/4€20k€20k▼
Taxes, remuneration and social security45€27k€47k▲
Taxes450/3€27k€47k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€20k€14k▼
Accrued charges and deferred income492/3€0€658▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€33k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k€7k▲
Other operating charges640/8€11k€3k▼
Gross operating margin9900€152k€70k▼
Operating profit (loss)9901€112k€25k▼
Financial income75/76B-€3k
Recurring financial income75-€3k
Financial charges65/66B€15k€23k▲
Recurring financial charges65€15k€23k▲
Profit (loss) for the period before taxes9903€96k€5k▼
Income taxes67/77€20k€2k▼
Profit (loss) for the period9904€76k€4k▼
Profit (loss) for the period to be appropriated9905€76k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€4k▼
Transfer to equity691/2€75k€3k▼
To other reserves6921€75k€3k▼
Profit to be distributed694/7€1k€859▼
Return on contributions (dividend)694-€859
Directors or managers695€1k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼95.3%
Net result drops to €4k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 4.54
Current ratio from 1.97 to 4.54.
31-12
Financial
Equity above €150kEq €185k ▲69.1%
2 profitable years in a row build equity to €185k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bredene · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brugsesteenweg 1B8450 BredeneGround area
1.5 ha
Building footprint
5,260 m²
Volume, LiDAR
39,143 m³
Parcel 35302D0065/00B002, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Immo Nolex
since 20212.318.285.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302D0065/00B002 | Flanders | 1.5 ha | 1 · 5,260 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Simak
BE 0770.662.426
Beveren-Kruibeke-Zwijndrecht · Eq €187,381
HMT INVEST
BE 0446.146.946
Brugge · Eq €187,379
Fuli
BE 0761.985.676
Brugge · Eq €187,492
Les Portes invest
BE 0795.404.552
Rixensart · Eq €187,550
MIVC
BE 0778.238.819
Sint-Martens-Latem · Eq €187,562
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,479 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.