IMMO PALACE
ActiveSummary
IMMO PALACE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €876k and a net result of €84k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-2
Solvency98▼-1
Growth58=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.22 in 2023; short-term debt: 26.8% and cash: 13.9% of total assets), and 26.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 2024Solvency, return and age of the figures
Solvency
73.2%
Return on assets
7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
8 d early
2022
40 d early
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€876k▼ 1.8%
2023 · €892k
2021: €1.02Mhighest in 4 years
2022: €957k▼ -5.8% vs 2021
2023: €892k▼ -6.8% vs 2022
2024: €876k▼ -1.8% vs 2023lowest in 4 years
2021 → 2024
Total assets
€1.20M▼ 0.3%
2023 · €1.20M
2021: €1.14M
2022: €1.14M▼ -0.2% vs 2021lowest in 4 years
2023: €1.20M▲ +5.4% vs 2022highest in 4 years
2024: €1.20M▼ -0.3% vs 2023
2021 → 2024
Net result
€84k▼ 21.0%
2023 · €107k
2021: €66k
2022: €61k▼ -7.6% vs 2021lowest in 4 years
2023: €107k▲ +74.4% vs 2022highest in 4 years
2024: €84k▼ -21.0% vs 2023
2021 → 2024
Working capital
€134k▲ 99.6%
2023 · €67k
2021: €86k
2022: €107k▲ +24.1% vs 2021
2023: €67k▼ -37.4% vs 2022lowest in 4 years
2024: €134k▲ +99.6% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€1.02M-€957k▼ 5.8%€892k▼ 6.8%€876k▼ 1.8%
2021: €1.02Mhighest in 4 years
2022: €957k▼ -5.8% vs 2021
2023: €892k▼ -6.8% vs 2022
2024: €876k▼ -1.8% vs 2023lowest in 4 years
Operating result€89k-€83k▼ 6.4%€144k▲ 73.2%€114k▼ 20.4%
2021: €89k
2022: €83k▼ -6.4% vs 2021lowest in 4 years
2023: €144k▲ +73.2% vs 2022highest in 4 years
2024: €114k▼ -20.4% vs 2023
Net result€66k-€61k▼ 7.6%€107k▲ 74.4%€84k▼ 21.0%
2021: €66k
2022: €61k▼ -7.6% vs 2021lowest in 4 years
2023: €107k▲ +74.4% vs 2022highest in 4 years
2024: €84k▼ -21.0% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.20M
Fixed assets
€742k ▼ 10.0%
Current assets
€455k ▲ 21.1%
Equity and liabilities €1.20M
Equity
€876k ▼ 1.8%
Debt
€321k ▲ 4.0%
Debt's share of the balance-sheet total rises from 25.7% to 26.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€198k▼
2023 · €226k
Cash flow
€168k▼
2023 · €189k
Current ratio
1.42▲
2023 · 1.22
Debt to equity
0.37▲
2023 · 0.35
ROE
9.6%▼
2023 · 12.0%
ROA
7.0%▼
2023 · 8.9%
Interest coverage
438.60▼
2023 · 647.83
Debt ≤ 1 year
€321k▲
2023 · €308k
Income taxes
€30k▼
2023 · €37k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.20M€1.20M▼
Fixed assets21/28€825k€742k▼
Tangible fixed assets22/27€825k€742k▼
Land and buildings22€816k€734k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24-€642
Current assets29/58€375k€455k▲
Amounts receivable within one year40/41€209k€287k▲
Trade receivables40€2k€82k▲
Other amounts receivable41€206k€205k▼
Cash at bank and in hand54/58€167k€166k▼
Deferred charges and accrued income490/1-€840
Equity and liabilities
Total equity and liabilities10/49€1.20M€1.20M▼
Equity10/15€892k€876k▼
Contributions10/11€785k€785k=
Capital10€785k€785k=
Issued capital100€785k€785k=
Reserves13€107k€91k▼
Non-distributable reserves130/1€79k€79k=
Legal reserve130€79k€79k=
Distributable reserves133€28k€12k▼
Amounts payable17/49€308k€321k▲
Amounts payable within one year42/48€308k€321k▲
Trade debts44€99k€181k▲
Suppliers440/4€99k€181k▲
Taxes, remuneration and social security45€37k€39k▲
Taxes450/3€37k€39k▲
Other amounts payable47/48€172k€100k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€83k▲
Other operating charges640/8€67k€70k▲
Gross operating margin9900€293k€268k▼
Operating profit (loss)9901€144k€114k▼
Financial income75/76B€137€258▲
Recurring financial income75€137€258▲
Financial charges65/66B€348€451▲
Recurring financial charges65€348€451▲
Profit (loss) for the period before taxes9903€144k€114k▼
Income taxes67/77€37k€30k▼
Profit (loss) for the period9904€107k€84k▼
Profit (loss) for the period to be appropriated9905€107k€84k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€84k▼
Profit (loss) brought forward from the previous period14P€23k-
Transfer from equity791/2€43k€16k▼
Profit to be distributed694/7€172k€100k▼
Return on contributions (dividend)694€172k€100k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80k | €80k | €82k | €83k | ▲ 1.7% |
| Other operating charges640/8 | €59k | €61k | €67k | €70k | ▲ 4.2% |
| Gross operating margin9900 | €228k | €223k | €293k | €268k | ▼ 8.6% |
| Operating profit (loss)9901 | €89k | €83k | €144k | €114k | ▼ 20.4% |
| Financial income75/76B | €7 | €123 | €137 | €258 | ▲ 88.1% |
| Recurring financial income75 | €7 | €123 | €137 | €258 | ▲ 88.1% |
| Financial charges65/66B | €104 | €305 | €348 | €451 | ▲ 29.4% |
| Recurring financial charges65 | €104 | €305 | €348 | €451 | ▲ 29.4% |
| Profit (loss) for the period before taxes9903 | €89k | €83k | €144k | €114k | ▼ 20.4% |
| Income taxes67/77 | €22k | €22k | €37k | €30k | ▼ 18.7% |
| Profit (loss) for the period9904 | €66k | €61k | €107k | €84k | ▼ 21.0% |
| Profit (loss) for the period to be appropriated9905 | €66k | €61k | €107k | €84k | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.14M | €1.14M | €1.20M | €1.20M | ▼ 0.3% |
| Fixed assets21/28 | €930k | €850k | €825k | €742k | ▼ 10.0% |
| Tangible fixed assets22/27 | €930k | €850k | €825k | €742k | ▼ 10.0% |
| Land and buildings22 | €930k | €850k | €816k | €734k | ▼ 10.1% |
| Plant, machinery and equipment23 | - | - | €9k | €8k | ▼ 10.2% |
| Furniture and vehicles24 | - | - | - | €642 | - |
| Current assets29/58 | €211k | €289k | €375k | €455k | ▲ 21.1% |
| Amounts receivable within one year40/41 | €161k | €159k | €209k | €287k | ▲ 37.6% |
| Trade receivables40 | - | €268 | €2k | €82k | ▲ 3,402% |
| Other amounts receivable41 | €161k | €159k | €206k | €205k | ▼ 0.6% |
| Cash at bank and in hand54/58 | €49k | €129k | €167k | €166k | ▼ 0.1% |
| Deferred charges and accrued income490/1 | - | - | - | €840 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.14M | €1.14M | €1.20M | €1.20M | ▼ 0.3% |
| Equity10/15 | €1.02M | €957k | €892k | €876k | ▼ 1.8% |
| Contributions10/11 | €785k | €785k | €785k | €785k | = |
| Capital10 | €785k | €785k | €785k | €785k | = |
| Issued capital100 | €785k | €785k | €785k | €785k | = |
| Reserves13 | €208k | €149k | €107k | €91k | ▼ 14.7% |
| Non-distributable reserves130/1 | €79k | €79k | €79k | €79k | = |
| Legal reserve130 | €79k | €79k | €79k | €79k | = |
| Distributable reserves133 | €130k | €71k | €28k | €12k | ▼ 55.7% |
| Profit (loss) carried forward14 | €23k | €23k | - | - | - |
| Amounts payable17/49 | €124k | €181k | €308k | €321k | ▲ 4.0% |
| Amounts payable within one year42/48 | €124k | €181k | €308k | €321k | ▲ 4.0% |
| Trade debts44 | €2k | €17k | €99k | €181k | ▲ 82.7% |
| Suppliers440/4 | €2k | €17k | €99k | €181k | ▲ 82.7% |
| Taxes, remuneration and social security45 | €22k | €44k | €37k | €39k | ▲ 6.0% |
| Taxes450/3 | €22k | €44k | €37k | €39k | ▲ 6.0% |
| Other amounts payable47/48 | €100k | €120k | €172k | €100k | ▼ 41.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66k | €61k | €107k | €84k | ▼ 21.0% |
| + Depreciation and write-downs630 | €80k | €80k | €82k | €83k | ▲ 1.7% |
| Operating cash flow (approximation) | €146k | €141k | €189k | €168k | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | €0 | €-57k | €-709 | ▲ 98.8% |
| Change in cash | - | €80k | €37k | €-164 | ▼ 100% |
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
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €107k ▲74.4%
Operating result €144k, net result €107k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €61k ▼7.6%
Net result drops to €61k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
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, Herk-de-Stad · 1 establishment unit since 2021
Ground area
2,835 m²
Building footprint
263 m²
Volume, LiDAR
1,952 m³
Parcel 71024C0056/00E000, Flanders · tallest building 18.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IMMO PALACE
since 20212.318.766.291
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024C0056/00E000 | Flanders | 2,835 m² | 1 · 263 m² | 18.7 m · 3 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 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,902 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.