IMMO-PG
ActiveIMMO-PG has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €-38k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▼-42
Solvency54▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.06 against 1.02 in 2024; short-term debt: 22.6% and cash: 0.3% of total assets), and 70.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.5%
Return on assets
-8.7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-38k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
5 d late
2023
1 d early
2022
2 d early
2021
2 d late
2020
10 d late
2019
11 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€600▼ 89.7%
2023 · €6k
2020: €10k
2021: €14k
2022: €19k
2023: €6k
2020 → 2024
EBIT margin
299.4%▼ 641.0pp
2023 · 940.3%
2020: -587.9%
2021: -263.1%
2022: 1290.0%
2023: 940.3%
2020 → 2024
Net result
€-38k▼ 642%
2024 · €-5k
2018: €-39k
2019: €-33k
2020: €-72k
2021: €-56k
2022: €236k
2023: €37k
2024: €-5k
2018 → 2025
Working capital
€-92k
2024 · €3k
2018: €-90k
2019: €14k
2020: €210k
2021: €292k
2022: €-145k
2023: €102k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€14k-€19k▲ 38.6%€6k▼ 69.9%€600▼ 89.7%
Equity€-102k-€133k€170k▲ 27.4%€165k▼ 3.0%€127k▼ 22.8%
Operating result€-37k-€250k€55k▼ 78.0%€2k▼ 96.7%€19k▲ 967%
Net result€-56k-€236k€37k▼ 84.5%€-5k€-38k▼ 642%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 967% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €432k
Fixed assets
€426k▲ 56.3%
Current assets
€6k▼ 96.7%
Equity and liabilities €432k
Equity
€127k▼ 22.8%
Provisions
€108k▼ 0.3%
Debt
€196k▲ 14.7%
The debt ratio rises from 38.4% to 45.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €14k
Cash flow
€-13k▼
2024 · €7k
Solvency
29.5%▼
2024 · 37.1%
Current ratio
0.06▼
2024 · 1.02
Quick ratio
0.06▼
2024 · 0.66
Debt / equity
1.54▲
2024 · 1.04
ROE
-29.5%▼
2024 · -3.1%
ROA
-8.7%▼
2024 · -1.1%
Interest coverage
0.77▼
2024 · 2.00
Debt
€196k▲
2024 · €171k
Debt ≤ 1 year
€98k▼
2024 · €169k
Debt > 1 year
€98k▲
2024 · €1k
Income taxes
€433▲
2024 · €255
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€445k€432k▼
Fixed assets21/28€273k€426k▲
Tangible fixed assets22/27€158k€311k▲
Land and buildings22€109k€103k▼
Plant, machinery and equipment23€48k€68k▲
Furniture and vehicles24-€140k
Financial fixed assets28€115k€115k=
Current assets29/58€172k€6k▼
Stocks and contracts in progress3€61k-
Stocks30/36€61k-
Amounts receivable within one year40/41€43k€2k▼
Trade receivables40€42k€2k▼
Other amounts receivable41€812-
Cash at bank and in hand54/58€66k€1k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€445k€432k▼
Equity10/15€165k€127k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€16k€16k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€10k€9k▼
Profit (loss) carried forward14€87k€50k▼
Provisions and deferred taxes16€109k€108k▼
Provisions for liabilities and charges160/5€104k€104k=
Other liabilities and charges164/5€104k€104k=
Deferred taxes168€5k€5k▼
Amounts payable17/49€171k€196k▲
Amounts payable after more than one year17€1k€98k▲
Financial debts170/4€1k€98k▲
Amounts payable within one year42/48€169k€98k▼
Current portion of amounts payable after more than one year42€5k€27k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€15k€14k▼
Suppliers440/4€15k€14k▼
Advances received on contracts in progress46€3k€1k▼
Taxes, remuneration and social security45€5k€3k▼
Taxes450/3€5k€3k▼
Other amounts payable47/48€140k€49k▼
Accrued charges and deferred income492/3€1k€756▼
Income statement
Code20242025
Turnover70€600-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€25k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k€-18k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€104k-
Other operating charges640/8€7k€7k▼
Gross operating margin9900€142k€33k▼
Operating profit (loss)9901€2k€19k▲
Financial income75/76B€3€143▲
Recurring financial income75€3€143▲
Financial charges65/66B€7k€57k▲
Recurring financial charges65€7k€57k▲
Profit (loss) for the period before taxes9903€-5k€-38k▼
Transfer from deferred taxes780€365€365=
Income taxes67/77€255€433▲
Profit (loss) for the period9904€-5k€-38k▼
Transfer from tax-exempt reserves789€708€708=
Profit (loss) for the period to be appropriated9905€-4k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€50k▼
Profit (loss) brought forward from the previous period14P€91k€87k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €150kEq €170k ▲27.4%
2 profitable years in a row build equity to €170k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €236k
Net result €236k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €133k
Equity rises from €-102k to €133k.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 2 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet €-72k
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Flémalle · 1 establishment unit since 1999
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.
Rue du Herdier 14400 FlémalleGround area
2,324 m²
Building footprint
505 m²
Volume, LiDAR
2,645 m³
2 parcels, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Thier Saint Léonard 50, 4460 Grâce-Hollogne
since 19992.092.084.023
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62453B0340/00N000 | Wallonia | 1,194 m² | 1 · 326 m² | 6.3 m · 2 fl. |
| 62037A0668/00F000 | Wallonia | 1,130 m² | 1 · 179 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Keizerpoort RE Development
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MANN ESTATE
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Of 1,292 companies in sector 68122 we hold annual accounts for 899. 547 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-07-1999
Fiscal year end31-12
Activities, NACEBEL
68122Development of non-residential building projects
70113
68121Development of residential building projects
70200Business and other management consultancy
70220Business consulting
74142
86903Human health activities
86920Human health activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.