IMMO Palmina
ActiveSummary
IMMO Palmina has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,477 and a net result of €5,986. Equity is shrinking by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 76% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+54
Solvency91▲+2
Growth32=
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.25 in 2024; short-term debt: 34.3% and cash: 51.9% of total assets), and 34.3% of the assets are financed with debt.
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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 2025Solvency, return and age of the figures
Solvency
65.7%
Return on assets
9.7%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
4 d late
2023
14 d early
2022
on the day
2021
5 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 3 days before 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 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,477▲ 17.4%
2024 · €34,491
Total assets
€61,582▲ 14.9%
2024 · €53,586
Net result
€5,986
2024 · -€2,511
Working capital
€32,994▲ 38.0%
2024 · €23,903
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
Operating result€65,349--€13,083-€530▲ 96.0%-€1,551▼ 193%€8,104
Net result€48,267above the sector's middle half--€13,458below the sector's middle half-€839within the sector's middle half▲ 93.8%-€2,511within the sector's middle half▼ 199%€5,986within the sector's middle half
Equity€51,267within the sector's middle half-€37,809within the sector's middle half▼ 26.3%€36,970within the sector's middle half▼ 2.2%€34,491within the sector's middle half▼ 6.7%€40,477within the sector's middle half▲ 17.4%
Total assets€68,095below the sector's middle half-€61,318below the sector's middle half▼ 10.0%€78,110below the sector's middle half▲ 27.4%€53,586below the sector's middle half▼ 31.4%€61,582below the sector's middle half▲ 14.9%
Debt€16,828-€23,509▲ 39.7%€41,140▲ 75.0%€19,095▼ 53.6%€21,105▲ 10.5%
Working capital€41,771within the sector's middle half-€34,989within the sector's middle half▼ 16.2%€29,170within the sector's middle half▼ 16.6%€23,903within the sector's middle half▼ 18.1%€32,994within the sector's middle half▲ 38.0%
Solvency75.3%above the sector's middle half-61.7%within the sector's middle half▼ 13.6pp47.3%within the sector's middle half▼ 14.3pp64.4%within the sector's middle half▲ 17.0pp65.7%above the sector's middle half▲ 1.4pp
Current ratio3.66above the sector's middle half-2.90above the sector's middle half▼ 0.761.71within the sector's middle half▼ 1.182.25within the sector's middle half▲ 0.542.56within the sector's middle half▲ 0.31
Return on assets (ROA)70.9%above the sector's middle half--21.9%below the sector's middle half▼ 92.8pp-1.1%within the sector's middle half▲ 20.9pp-4.7%below the sector's middle half▼ 3.6pp9.7%above the sector's middle half▲ 14.4pp
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 returns to profit in 2025: €8,104 after a loss of €1,551 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,582
Fixed assets
€7,483 ▼ 29.3%
Current assets
€54,098 ▲ 25.8%
Equity and liabilities €61,582
Equity
€40,477 ▲ 17.4%
Debt
€21,105 ▲ 10.5%
Debt's share of the balance-sheet total falls from 35.6% to 34.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,209▲
2024 · €1,642
Cash flow
€9,091▲
2024 · €682
Debt to equity
0.52▼
2024 · 0.55
ROE
14.8%▲
2024 · -7.3%
Interest coverage
44.77▲
2024 · 1.64
Debt ≤ 1 year
€21,105▲
2024 · €19,095
Income taxes
€1,890▲
2024 · €61
Staff costs
€94▼
2024 · €20,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 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 26,975 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €20,760 | €94 | ▼ 99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,441 | €3,948 | €2,480 | €3,193 | €3,105 | ▼ 2.8% |
| Other operating charges640/8 | - | €1,014 | €1,828 | €5,864 | €2,796 | ▼ 52.3% |
| Gross operating margin9900 | €68,673 | -€8,121 | €3,779 | €28,266 | €14,099 | ▼ 50.1% |
| Operating profit (loss)9901 | €65,349 | -€13,083 | -€530 | -€1,551 | €8,104 | ▲ 622% |
| Financial income75/76B | - | €36 | €0 | €105 | €22 | ▼ 79.0% |
| Recurring financial income75 | - | €36 | €0 | €105 | €22 | ▼ 79.0% |
| Financial charges65/66B | - | €518 | €310 | €1,003 | €250 | ▼ 75.0% |
| Recurring financial charges65 | €82 | €518 | €310 | €1,003 | €250 | ▼ 75.0% |
| Profit (loss) for the period before taxes9903 | €65,267 | -€13,564 | -€839 | -€2,450 | €7,876 | ▲ 421% |
| Income taxes67/77 | €17,000 | -€106 | - | €61 | €1,890 | ▲ 3,003% |
| Profit (loss) for the period9904 | €48,267 | -€13,458 | -€839 | -€2,511 | €5,986 | ▲ 338% |
| Profit (loss) for the period to be appropriated9905 | €48,267 | -€13,458 | -€839 | -€2,511 | €5,986 | ▲ 338% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68,095 | €61,318 | €78,110 | €53,586 | €61,582 | ▲ 14.9% |
| Fixed assets21/28 | €10,611 | €7,891 | €8,135 | €10,588 | €7,483 | ▼ 29.3% |
| Intangible fixed assets21 | €438 | €263 | €88 | - | - | - |
| Tangible fixed assets22/27 | €10,173 | €7,627 | €8,046 | €10,588 | €7,483 | ▼ 29.3% |
| Plant, machinery and equipment23 | - | - | - | €3,640 | €3,080 | ▼ 15.4% |
| Furniture and vehicles24 | - | €1,885 | €3,348 | €3,293 | €1,792 | ▼ 45.6% |
| Other tangible fixed assets26 | - | €5,743 | €4,699 | €3,655 | €2,611 | ▼ 28.6% |
| Current assets29/58 | €57,484 | €53,427 | €69,975 | €42,998 | €54,098 | ▲ 25.8% |
| Amounts receivable within one year40/41 | €19,296 | €33,342 | €25,751 | €28,445 | €19,204 | ▼ 32.5% |
| Trade receivables40 | - | €33,342 | €25,751 | €24,506 | €11,517 | ▼ 53.0% |
| Other amounts receivable41 | - | - | - | €3,939 | €7,687 | ▲ 95.1% |
| Cash at bank and in hand54/58 | €36,450 | €16,474 | €40,667 | €13,513 | €31,966 | ▲ 137% |
| Deferred charges and accrued income490/1 | - | €3,610 | €3,557 | €1,039 | €2,928 | ▲ 182% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68,095 | €61,318 | €78,110 | €53,586 | €61,582 | ▲ 14.9% |
| Equity10/15 | €51,267 | €37,809 | €36,970 | €34,491 | €40,477 | ▲ 17.4% |
| Contributions10/11 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €48,267 | €34,809 | €33,970 | €31,491 | €37,477 | ▲ 19.0% |
| Amounts payable17/49 | €16,828 | €23,509 | €41,140 | €19,095 | €21,105 | ▲ 10.5% |
| Amounts payable within one year42/48 | €15,712 | €18,438 | €40,805 | €19,095 | €21,105 | ▲ 10.5% |
| Trade debts44 | €722 | €6,157 | €4,311 | €2,126 | €7,416 | ▲ 249% |
| Suppliers440/4 | - | €6,157 | €4,311 | €2,126 | €7,416 | ▲ 249% |
| Taxes, remuneration and social security45 | - | €11,699 | €17,712 | €10,113 | €13,688 | ▲ 35.4% |
| Taxes450/3 | - | €11,699 | €16,210 | €10,113 | €13,688 | ▲ 35.4% |
| Remuneration and social security454/9 | - | - | €1,501 | - | - | - |
| Other amounts payable47/48 | - | €582 | €18,782 | €6,856 | - | - |
| Accrued charges and deferred income492/3 | - | €5,071 | €335 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,267 | -€13,458 | -€839 | -€2,511 | €5,986 | ▲ 338% |
| + Depreciation and write-downs630 | €2,441 | €3,948 | €2,480 | €3,193 | €3,105 | ▼ 2.8% |
| Operating cash flow (approximation) | €50,708 | -€9,511 | €1,641 | €682 | €9,091 | ▲ 1,232% |
| Investment in fixed assets (approximation) | - | -€1,227 | -€2,724 | -€5,646 | €0 | ▲ 100% |
| Change in cash | - | -€19,976 | €24,193 | -€27,154 | €18,453 | ▲ 168% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €5,986
Net result €5,986 after 3 loss-making years.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
17-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€13,458
Net result drops to -€13,458, the lowest in the series; recovery starts the following year.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2020
Ground area
300 m²
Building footprint
104 m²
Volume, LiDAR
1,020 m³
Parcel 25110B0516/00H000, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
IMMO Palmina
since 20202.312.827.418
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110B0516/00H000 | Wallonia | 300 m² | 1 · 104 m² | 12.2 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 9,695 companies in this sector we hold annual accounts for 7,393. 4,833 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
Founded17-12-2020
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759945807
Also
9925:BE0759945807
Registered
20-11-2025
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.