IMMO OPTIMAL
ActiveSummary
IMMO OPTIMAL has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,616 and a net result of €109,574. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▲+23
Solvency28▲+6
Growth52▲+30
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 0.97 in 2024; short-term debt: 97.1% and cash: 0% of total assets), and 97.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
2.9%
Return on assets
6.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 14284 sector peers (2025).
NBB · sector comparisonPosition among 14284 sector peers
Solvency
better than 24%
← 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 16-09-2026, 47 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
47 d late
2024
11 d late
2023
58 d late
2022
25 d early
2021
75 d late
2020
440 d late
2019
116 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 103 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 16 September (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€290,000▼ 20.3%
2023 · €363,800
EBIT margin
49.7%▲ 70.2pp
2023 · -20.4%
Net result
€109,574
2024 · -€50,780
Working capital
€47,116
2024 · -€62,458
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€205,005▼ 77.3%€1.1m▲ 426%€363,800▼ 66.2%€290,000
Operating result-€46,353€173,355-€74,377-€40,667▲ 45.3%€144,162
Net result-€61,769below the sector's middle half€122,264above the sector's middle half-€74,797below the sector's middle half-€50,780below the sector's middle half▲ 32.1%€109,574above the sector's middle half
EBIT margin-22.6%▼ 25.2pp16.1%▲ 38.7pp-20.4%▼ 36.5pp49.7%
Equity-€58,644below the sector's middle half€63,619within the sector's middle half-€11,177below the sector's middle half-€61,958below the sector's middle half▼ 454%€47,616within the sector's middle half
Total assets€1.4mabove the sector's middle half▲ 41.9%€1.4mabove the sector's middle half▲ 1.3%€1.5mabove the sector's middle half▲ 8.5%€2.0mabove the sector's middle half▲ 34.5%€1.6mabove the sector's middle half▼ 18.1%
Debt€1.4m▲ 48.5%€1.3m▼ 7.5%€1.5m▲ 14.7%€2.1m▲ 37.6%€1.6m▼ 22.9%
Working capital-€58,644within the sector's middle half€63,119within the sector's middle half-€11,677within the sector's middle half-€62,458within the sector's middle half▼ 435%€47,116within the sector's middle half
Solvency-4.3%below the sector's middle half▼ 4.7pp4.6%below the sector's middle half▲ 9.0pp-0.8%below the sector's middle half▼ 5.4pp-3.1%below the sector's middle half▼ 2.4pp2.9%below the sector's middle half▲ 6.0pp
Current ratio0.96within the sector's middle half▼ 0.041.05within the sector's middle half▲ 0.090.99within the sector's middle half▼ 0.060.97within the sector's middle half▼ 0.021.03within the sector's middle half▲ 0.06
Return on assets (ROA)-4.6%below the sector's middle half▼ 6.2pp8.9%above the sector's middle half▲ 13.5pp-5.0%below the sector's middle half▼ 14.0pp-2.5%within the sector's middle half▲ 2.5pp6.7%within the sector's middle half▲ 9.2pp
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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €144,162 after a loss of €40,667 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€500 =
Current assets
€1.6m ▼ 18.1%
Equity and liabilities €1.6m
Equity
€47,616
Debt
€1.6m
Debt finances 97.1% of the balance-sheet total.
Key figures and ratios
Quick ratio
0.03▼
2024 · 0.22
Debt to equity
33.34
ROE
230.1%
Debt ≤ 1 year
€1.6m▼
2024 · €2.1m
Income taxes
€10,900▲
2024 · €2,257
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 496 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €205,005 | €1.1m | €363,800 | - | €290,000 | - |
| Goods, raw materials, services and sundry goods60/61 | €250,465 | €921,625 | €439,012 | €39,580 | €144,719 | ▲ 266% |
| Other operating charges640/8 | €892 | €1,336 | €3,665 | €1,088 | €1,118 | ▲ 2.8% |
| Gross operating margin9900 | -€45,460 | €174,691 | -€70,712 | -€39,580 | €145,281 | ▲ 467% |
| Operating profit (loss)9901 | -€46,353 | €173,355 | -€74,377 | -€40,667 | €144,162 | ▲ 454% |
| Financial charges65/66B | €15,417 | €15,798 | €419 | €7,856 | €23,688 | ▲ 202% |
| Recurring financial charges65 | €15,417 | €15,798 | €419 | €7,856 | €23,688 | ▲ 202% |
| Profit (loss) for the period before taxes9903 | -€61,769 | €157,557 | -€74,797 | -€48,523 | €120,474 | ▲ 348% |
| Income taxes67/77 | - | €35,293 | - | €2,257 | €10,900 | ▲ 383% |
| Profit (loss) for the period9904 | -€61,769 | €122,264 | -€74,797 | -€50,780 | €109,574 | ▲ 316% |
| Profit (loss) for the period to be appropriated9905 | -€61,769 | €122,264 | -€74,797 | -€50,780 | €109,574 | ▲ 316% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.4m | €1.5m | €2.0m | €1.6m | ▼ 18.1% |
| Fixed assets21/28 | - | €500 | €500 | €500 | €500 | = |
| Financial fixed assets28 | - | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €1.4m | €1.4m | €1.5m | €2.0m | €1.6m | ▼ 18.1% |
| Stocks and contracts in progress3 | €1.3m | €918,054 | €1.0m | €1.6m | €1.6m | ▲ 2.6% |
| Stocks30/36 | €1.3m | €918,054 | €1.0m | €1.6m | €1.6m | ▲ 2.6% |
| Amounts receivable within one year40/41 | €39,765 | €276,248 | €426,349 | €429,493 | €41,774 | ▼ 90.3% |
| Trade receivables40 | €5,905 | €196,160 | €363,800 | €363,800 | - | - |
| Other amounts receivable41 | €33,859 | €80,087 | €62,549 | €65,693 | €41,774 | ▼ 36.4% |
| Cash at bank and in hand54/58 | €5,347 | €173,352 | €34,219 | €14,640 | €262 | ▼ 98.2% |
| Deferred charges and accrued income490/1 | €5,000 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.5m | €2.0m | €1.6m | ▼ 18.1% |
| Equity10/15 | -€58,644 | €63,619 | -€11,177 | -€61,958 | €47,616 | ▲ 177% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €121,859 | €121,859 | €121,859 | €230,859 | ▲ 89.4% |
| Non-distributable reserves130/1 | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,859 | - | - | - | - | - |
| Distributable reserves133 | - | €121,859 | €121,859 | €121,859 | €230,859 | ▲ 89.4% |
| Profit (loss) carried forward14 | -€79,096 | -€76,832 | -€151,629 | -€202,409 | -€201,835 | ▲ 0.3% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.5m | €2.1m | €1.6m | ▼ 22.9% |
| Amounts payable within one year42/48 | €1.4m | €1.3m | €1.5m | €2.1m | €1.6m | ▼ 22.9% |
| Financial debts43 | €571,848 | - | - | €307,115 | €285,706 | ▼ 7.0% |
| Credit institutions430/8 | €571,848 | - | - | €307,115 | €285,706 | ▼ 7.0% |
| Trade debts44 | €7,940 | €7,716 | €212,819 | €488,323 | €28,025 | ▼ 94.3% |
| Suppliers440/4 | €7,940 | €7,716 | €212,819 | €488,323 | €28,025 | ▼ 94.3% |
| Taxes, remuneration and social security45 | - | €35,293 | €35,293 | - | €10,900 | - |
| Taxes450/3 | - | €35,293 | €35,293 | - | €10,900 | - |
| Other amounts payable47/48 | €829,930 | €1.3m | €1.2m | €1.3m | €1.3m | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€61,769 | €122,264 | -€74,797 | -€50,780 | €109,574 | ▲ 316% |
| Operating cash flow (approximation) | -€61,769 | €122,264 | -€74,797 | -€50,780 | €109,574 | ▲ 316% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €168,005 | -€139,133 | -€19,579 | -€14,378 | ▲ 26.6% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Back to profitnet €109,574
Net result €109,574 after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet -€74,797
Net result drops to -€74,797, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €122,264
Net result €122,264 after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 440 days late
2020
31-12
Financial
Back to profitnet €15,418
Net result €15,418 after 2 loss-making years.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 116 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 56 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
20-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1982
Ground area
3,775 m²
Building footprint
294 m²
Volume, LiDAR
2,962 m³
2 parcels, Brussels, Wallonia · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Livornostraat 91, 1050 Elsene
since 19822.020.783.479
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0394/00E000 | Wallonia | 3,563 m² | 1 · 192 m² | 9.5 m · 3 fl. |
| 21447A0324/00D005 | Brussels | 212 m² | 1 · 102 m² | 18.4 m · 5 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.
Similar companies · same sector, comparable size
BEE-Build
BE 0691.832.704
Bilzen-Hoeselt · Eq €47,636
LAND ESTATE
BE 0808.540.431
Laarne · Eq €47,649
Immo RÖHL
BE 0767.949.691
Büllingen · Eq €47,650
RENOVATIE JAN PINTELON
BE 0744.854.684
Zuienkerke · Eq €47,583
JAFI
BE 0846.089.626
De Panne · Eq €47,674
Of 9,695 companies in this sector we hold annual accounts for 7,393. 4,966 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-06-1982
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
46360Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422884564
Also
9925:BE0422884564
Registered
22-05-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.