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IMMO PHIELS

Active Private limited companyfounded 2017active for 8 yearsVliegveld 39, 8560 WevelgemKBO/BCE: BE 0685.904.024 subsidiary of Xira
IMMO PHIELS
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €90,459 (2025)
€90,459▲ 5.0%
lowest -€58,739 (2019)
€36,424▲ 9.7%
peak €163,563 (2025)
€163,563▲ 28.6%
€529,279▼ 7.8%
Board1 name since 2019
1 directorXira
Owners
100%Xira
Documentsfilings and deeds
12-12-202550 days before the deadline
2025abbreviated format
Equity from €127,139 to €163,563

Key points

from the 2025 annual accounts

Equity

€163,563 ▲ 28.6%

IMMO PHIELS has made a profit without a break since 2020.

Debts

€529,279 76% of the balance sheet
Financial debts 89%Suppliers 2%Taxes and wages 0%Other 9%

€515,232 of the debts are secured on the company's own assets. In 2022 that was €662,284.

Filings

7 annual accounts since 2019
deadline202020222024

The last five annual accounts were filed 40 to 56 days before the end of the period.

Checked score

96
Excellent
Financially stronger than 67% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%highest value 01-2025: 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Strong

49+6equity 23.6% of total assets
63+3short-term debt 9.2% · cash 10.4%
75=return on assets 5.3%

Score breakdown

raises risk
Equity €163,563 (23.6% of total assets)
lowers risk
Size: total assets €692,841
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 12-12-2025)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 43% of them on solvency, 75% on liquidity, 70% on profitability and 80% on growth.

The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 2,684 companies had the same profile as IMMO PHIELS has now. Each dot stands for 7 companies, two years later.

97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of IMMO PHIELS itself is lower: 0.1% within 12 months. It rests on far more data about IMMO PHIELS than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,684 companies, not a prediction for IMMO PHIELS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €15,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.32 (1.1 in 2024), below the usual 1.5. Short-term debt is 9.2% and cash 10.4% of total assets. 76.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €692,841
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Figures for financial year 2025 (filed on 12-12-2025)
NBB · annual accounts
raises risk · Equity €163,563 (23.6% of total assets)
NBB · annual accounts
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 12-12-2025, 50 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
50 days early
2024
56 days early
2023
40 days early
2022
40 days early
2021
46 days early
2020
41 days early
2019
4 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

X
Xira
Director, Kris ACX, since 20-12-2019
  • Xira 100%equity €548,062 (2025) · 30-06-2025 annual accounts of Xira
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0685904024
Reappointment: Xira (director) Permanent representative: Kris ACX · Director discharge: Xira · General meeting of 11-12-2023 · Gazette deed
Incorporation published on 15-12-2017 · Gazette deed
First establishment Vliegveld 39, Wevelgem
All 15 events

Comparable companies

same main activity, similar in size and age
Company
IMMO PHIELS Wevelgem €692,841 €90,459 23.6% -
LETI Ostend €675,441 €86,806 24.6% -
JEMA FINANCE Kortrijk €677,621 €75,525 48.1% -
OMNI ESTATE Torhout €683,580 €74,768 21.8% -
Huca Invest Hoogstraten €749,285 €86,664 10.5% -
LICLAAN Woluwe-Saint-Pierre €617,989 €104,646 87.5% -
FVDM Invest Charleroi €772,128 €78,793 59.3% -

These companies have the same main activity as IMMO PHIELS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €618,000 and €772,000, founded between 2017 and 2019.

Official details

Source: KBO
Status
Active since 13-12-2017Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
Establishment unit
2.272.453.6428560 Wevelgem, since 13-12-2017
Financial year end
30 June
Peppol
Reachable since 21-10-2026
Company details

Annual accounts to 30-06-2025

€90,459▲ 5.0%
≈ €120,000estimated
€36,424▲ 9.7%
€163,563▲ 28.6%
€692,841▼ 1.2%
Filing
Filed on 12-12-2025, 50 days before the end of the filing period
Financials

Insights on IMMO PHIELS

IMMO PHIELS files the abbreviated format. That format states no turnover. The gross margin rose from €38,140 in 2019 to €90,459 in 2025.

Xira holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 12-12-2025, 50 days before the deadline
€90,459
▲ 5.0%
€53,695
▲ 8.1%
€36,424
▲ 9.7%
€20,722
▲ 238%
23.6%
▲ 5.5 percentage points
1.32
▲ 0.22

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €120,000. Estimated: probably between €100,000 and €150,000.

Balance sheet

balance sheet total €692,841 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

23.6%

Higher than 43% of 11,289 companies in 2025.

1.32

Higher than 56% of 10,841 companies in 2025.

5.3%

Higher than 74% of 11,174 companies in 2025.

IMMO PHIELS Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 692,841701,169714,193730,697739,013695,801545,515
21/28 608,169636,246664,322692,398720,474687,406539,807
22/27 608,169636,246664,322692,398720,474687,406539,807
22 597,167623,083649,000674,916700,832687,406539,807
23 11,00213,16215,32217,48219,642--
29/58 84,67264,92349,87138,29918,5398,3945,707
40/41 8,5113,94410,7063,4583,3765,2071,484
40 8,5113,94410,7063,4583,3764,188379
41 -----1,0181,105
54/58 72,09457,03639,16531,38215,1632,6624,223
490/1 4,0673,94403,458-526-
Balance sheet: equity and liabilities
10/49 692,841701,169714,193730,697739,013695,801545,515
10/15 163,563127,13993,95060,73924,040-9,612-40,139
10/11 18,60018,60018,60018,60018,600-18,600
100 ------18,600
11 -----18,600-
1100/10 -----18,600-
14 144,963108,53975,35042,1395,440-28,212-58,739
17/49 529,279574,030620,243669,958714,973705,413585,653
17 465,329515,232564,692613,699662,284523,725370,195
170/4 465,329515,232564,692613,699662,284521,907368,377
178/9 -----1,8181,818
42/48 63,95058,79855,55156,25948,754178,337212,155
42 49,90349,46049,00748,58648,15435,21825,027
43 3,371------
430/8 3,371------
44 8,5358,2754,1377,414348127,230963
440/4 8,5358,2754,1377,414348127,230963
45 2,1411,0632,407---582
450/3 2,1411,0632,407---582
47/48 --026025215,889185,583
492/3 ---03,9353,3513,303
Income statement
9900 90,45986,16882,38678,48674,58755,86238,140
630 28,07628,07628,07628,07627,4286,93770,584
640/8 8,6878,4237,8587,4437,5636,85910,614
9901 53,69549,66946,45242,96739,59542,066-43,058
75/76B ---0526614-
75 ---0526614-
65/66B 5,1315,4165,8346,2686,46912,15415,681
65 5,1315,4165,8346,2686,46912,15415,681
9903 48,56544,25240,61836,69933,65230,527-58,739
67/77 12,14111,0637,407----
9904 36,42433,18933,21136,69933,65230,527-58,739
9905 36,42433,18933,21136,69933,65230,527-58,739
Appropriation of the result
9906 144,963108,53975,35042,1395,440-28,212-58,739
14P 108,53975,35042,1395,440---
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 abbreviated format 12-12-2025 2025-00580517 PDF
30-06-2024 abbreviated format 06-12-2024 2024-00611139 PDF
30-06-2023 abbreviated format 22-12-2023 2023-00534939 PDF
30-06-2022 abbreviated format 22-12-2022 2022-20543385 PDF
30-06-2021 abbreviated format 16-12-2021 2021-80300366 PDF
30-06-2020 abbreviated format 21-12-2020 2020-76200261 PDF
30-06-2019 abbreviated format 27-01-2020 2020-02500540 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
81,77277,74574,52871,04367,02449,00427,526
64,50061,26561,28764,77561,08137,46411,845
000060,496154,536610,391
15,05817,8717,78216,21912,501-1,561-
20,7226,126-5,680-17,961-30,215-169,943-206,448
23.6%18.1%13.2%8.3%3.3%-1.4%-7.4%
1.321.100.900.680.380.050.03
3.244.516.6011.0329.74--
22.3%26.1%35.3%60.4%140.0%--
5.3%4.7%4.7%5.0%4.6%4.4%-10.8%
15.9414.3512.7711.33---

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item30-06-202530-06-202430-06-202330-06-2022
Debts secured on the company's own assets€515,232€564,692€613,699€662,284
Mortgages, amount registered€25,000€25,000€25,000€25,000
€737,000€737,000€737,000€737,000
Carrying value of the mortgaged assets€608,169€636,246€664,322€692,398

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Insights on IMMO PHIELS

The operating result for 2025 is 8% higher than in 2024 and the highest since 2019. It is the fourth rise in a row, after the fall in 2021.

Debt's share of the balance-sheet total falls from 81.9% to 76.4%. Equity is higher and debt is lower.

Board & ownership

Board

1 director
Xira
Director (not named in the articles), permanent representative Kris ACX
since 20-12-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 12-12-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 16-01-2024
Permanent representatives 1
Kris ACX
Permanent representative, for Xira
in office according to the deed of 16-01-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Xira
Director (not named in the articles)
Board
Mandates as a list
  • Xira
    • Director (not named in the articles), from 20-12-2019 to date

See the board, name and registered office on a given date →

Control

Parent
Xira
Equity €548,062
Profit €315,735 in 2025 (profit €77,522 in 2024)
Source: accounts Xira 30-06-2025
100%
This company
IMMO PHIELS
Equity €163,563
Profit €36,424 in 2025

Capital

Contribution
€18,600
Source
deed of 16-01-2024

Owners through the years

as the annual accounts name them
Xira
100%
100%
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 16-01-2024 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Algemene vergadering kan mandaat al dan niet statutair benoemde bestuurder steeds beëindigen wegens wettige reden zonder opzeggingstermijn…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of December at 09:00

Network & group

Group

Xira has 2 direct subsidiaries (accounts to 30-06-2025), the bar shows equity in euros
ParentXira2 holdings, 1 country accounts to 30-06-2025

Belgium 2 Equity Result

  • BE IMMO PHIELS BV €163,563 result €36,424
  • BE Alu Decor BV66.53% €332,780 result €13,723

Source: list of holdings in the 30-06-2025 accounts of Xira. Every holding stands with its own latest accounts.

At the same address

Vliegveld 39, 8560 Wevelgem · 1 other company
ALU DECOR
registered office since 01-07-1998 · founded in 1998
 4.2 FTE (2025)
0463.248.838

Connections & network

1 current director
Depth

The network starts from the directors of IMMO PHIELS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

15 events since 2017

Deadline for the 2026 accounts: 31-01-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0685904024
2025
Annual accounts 2025 filed PDFabbreviated format · 50 days before the deadline
Equity above €150,000 equity €163,563 ▲28.6% After 6 profitable years in a row, equity reaches €163,563.
2024
Annual accounts 2024 filed PDFabbreviated format · 56 days before the deadline
Equity above €100,000 equity €127,139 ▲35.3% After 5 profitable years in a row, equity reaches €127,139.
Reappointment: Xira (director)Permanent representative: Kris ACX · Director discharge: Xira · General meeting of 11-12-20236 points ▸
  • Director reappointment, Xira (director (not named in the articles))
  • Director discharge, Xira
  • Permanent representative, Kris ACX
  • Registered office clause, Vliegveld 39, 8560 Wevelgem
  • Power of attorney, Bruno Raes
  • General meeting, 11-12-2023
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2023 filed PDFabbreviated format · 40 days before the deadline
2022
Annual accounts 2022 filed PDFabbreviated format · 40 days before the deadline
Highest result from 2019 to 2025 net €36,699 ▲9.1% The net result of €36,699 is the highest of those years.
2021
Annual accounts 2021 filed PDFabbreviated format · 46 days before the deadline
2020
Annual accounts 2020 filed PDFabbreviated format · 41 days before the deadline
Back to profit net €30,527 The net result is €30,527, after one loss-making year.
Annual accounts 2019 filed PDFabbreviated format · 4 days before the deadline
2017
Incorporation PDFpublished on 15-12-2017
First establishment Vliegveld 39, Wevelgem

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 13 December 2017, IMMO PHIELS was incorporated.1 Total assets went from €545,515 in 2019 to €692,841 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0685.904.024
VAT number
BE 0685.904.024
Peppol ID
0208:0685904024
Legal form
Private limited company
Status
Active, normal situation
Founded
13-12-2017
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of December at 09:00
deed of 16-01-2024 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
IMMO PHIELS in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 16-01-2024 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 16-01-2024 (in Dutch)

Activities

NACEBEL 2025
68203 Renting and operating of own or leased non-residential real estate, excluding land main activity
52100 Warehousing and storage
Codes under NACEBEL 2008
68203 Real estate rental main activity
52100 Warehousing and support activities for transportation

Registered office and establishments

1 establishment
Establishment Since Unit number
Vliegveld 39 registered office 8560 Wevelgem 13-12-2017 2.272.453.642

Buildings and parcels at the address

Ground area
3,335 m²
Buildings
2,042 m²
Volume, LiDAR
11,066 m³
Tallest building
7.2 m
Buildings to scale, each on its own parcel
2,042 m², 7.2 m 2,042 m², 7.2 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
34302B0875/00Z0063,335 m² 1 · 2,042 m² 7.2 m · 2

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