IMMO PMS
ActiveSummary
IMMO PMS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.41M and a net result of €-300k. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 28% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-1
Solvency40▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.53 in 2024; short-term debt: 28.1% and cash: 0.4% of total assets), and 84.8% of the assets are financed with debt.
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Signals
Seven 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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
15.2%
Return on assets
-1.3%
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 €-300k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
35 d early
2023
36 d early
2022
49 d early
2021
31 d late
2020
4 d early
2019
16 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 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 simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
In the rankings
#6 company by total assets in Dison
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-300k▼ 115%
2024 · €-139k
Working capital
€-3.12M▼ 13.8%
2024 · €-2.74M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€473k▲ 0.8%€-142k€71k€453k▲ 540%€305k▼ 32.6%
Net result€352k▲ 1.6%€-140k€-313k▼ 123%€-139k▲ 55.5%€-300k▼ 115%
Equity€1.52M▲ 30.1%€1.38M▼ 9.3%€1.06M▼ 22.7%€3.87M▲ 263%€3.41M▼ 11.8%
Total assets€1.62M▲ 13.3%€1.75M▲ 8.0%€14.44M▲ 724%€23.44M▲ 62.3%€22.44M▼ 4.3%
Debt€105k▼ 60.5%€374k▲ 257%€13.38M▲ 3,473%€19.57M▲ 46.3%€19.03M▼ 2.8%
Working capital€813k▲ 75.8%€375k▼ 53.8%€-2.09M€-2.74M▼ 31.3%€-3.12M▼ 13.8%
Staff (FTE)00
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.44M
Fixed assets
€19.25M ▼ 5.1%
Current assets
€3.19M ▲ 1.4%
Equity and liabilities €22.44M
Equity
€3.41M ▼ 11.8%
Debt
€19.03M ▼ 2.8%
Debt's share of the balance-sheet total rises from 83.5% to 84.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.37M▲
2024 · €1.23M
Cash flow
€769k▲
2024 · €636k
Current ratio
0.51▼
2024 · 0.53
Debt to equity
5.58▲
2024 · 5.06
ROE
-8.8%▼
2024 · -3.6%
ROA
-1.3%▼
2024 · -0.6%
Interest coverage
1.81▲
2024 · 1.75
Debt ≤ 1 year
€6.31M▲
2024 · €5.89M
Debt > 1 year
€12.71M▼
2024 · €13.67M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €110k | - | - | - | - |
| Other operating income74 | - | €110k | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €22k | €0 | ▼ 100% |
| Operating charges60/66A | - | €252k | - | - | - | - |
| Services and other goods61 | - | €157k | - | - | - | - |
| Remuneration, social security and pensions62 | €868 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €40k | €184k | €775k | €1.07M | ▲ 37.8% |
| Other operating charges640/8 | €12k | €56k | €51k | €53k | €55k | ▲ 3.4% |
| Gross operating margin9900 | €526k | - | €306k | €1.28M | €1.43M | ▲ 11.5% |
| Operating profit (loss)9901 | €473k | €-142k | €71k | €453k | €305k | ▼ 32.6% |
| Financial income75/76B | - | €5k | €1k | €110k | €154k | ▲ 39.9% |
| Recurring financial income75 | - | €5k | €1k | €110k | €154k | ▲ 39.9% |
| Income from current assets751 | - | €5k | - | - | - | - |
| Financial charges65/66B | €3k | €3k | €385k | €703k | €760k | ▲ 8.1% |
| Recurring financial charges65 | €3k | €3k | €385k | €703k | €760k | ▲ 8.1% |
| Debt charges650 | - | €201 | - | - | - | - |
| Other financial charges652/9 | - | €3k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €470k | €-140k | €-313k | €-139k | €-300k | ▼ 115% |
| Income taxes67/77 | €119k | €0 | - | - | - | - |
| Taxes670/3 | - | €0 | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €352k | €-140k | €-313k | €-139k | €-300k | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €352k | €-140k | €-313k | €-139k | €-300k | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.62M | €1.75M | €14.44M | €23.44M | €22.44M | ▼ 4.3% |
| Fixed assets21/28 | €708k | €1.01M | €13.89M | €20.29M | €19.25M | ▼ 5.1% |
| Tangible fixed assets22/27 | €708k | €1.01M | €13.89M | €20.29M | €19.25M | ▼ 5.1% |
| Land and buildings22 | €442k | €442k | €8.92M | €20.06M | €19.14M | ▼ 4.6% |
| Leasing and similar rights25 | €267k | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | €227k | €187k | €148k | €108k | ▼ 26.9% |
| Assets under construction and advance payments27 | - | €337k | €4.78M | €81k | €0 | ▼ 100% |
| Current assets29/58 | €914k | €745k | €550k | €3.15M | €3.19M | ▲ 1.4% |
| Stocks and contracts in progress3 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | - | €555k | €8k | €3.09M | €3.10M | ▲ 0.4% |
| Trade receivables40 | - | - | €8k | €11k | €25k | ▲ 123% |
| Other amounts receivable41 | - | €555k | €0 | €3.07M | €3.07M | = |
| Cash at bank and in hand54/58 | €862k | €126k | €494k | €58k | €94k | ▲ 62.5% |
| Deferred charges and accrued income490/1 | €52k | €64k | €48k | €6k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.62M | €1.75M | €14.44M | €23.44M | €22.44M | ▼ 4.3% |
| Equity10/15 | €1.52M | €1.38M | €1.06M | €3.87M | €3.41M | ▼ 11.8% |
| Contributions10/11 | €600k | €600k | €600k | €600k | €600k | = |
| Capital10 | €600k | €600k | €600k | €600k | €600k | = |
| Issued capital100 | €600k | €600k | €600k | €600k | €600k | = |
| Reserves13 | €60k | €777k | €464k | €325k | €60k | ▼ 81.5% |
| Non-distributable reserves130/1 | €60k | €60k | €60k | €60k | €60k | = |
| Legal reserve130 | €60k | €60k | €60k | €60k | €60k | = |
| Distributable reserves133 | €31 | €717k | €404k | €265k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €858k | €0 | - | - | €-36k | - |
| Investment grants15 | - | - | - | €2.94M | €2.79M | ▼ 5.2% |
| Amounts payable17/49 | €105k | €374k | €13.38M | €19.57M | €19.03M | ▼ 2.8% |
| Amounts payable after more than one year17 | €0 | - | €10.72M | €13.67M | €12.71M | ▼ 7.0% |
| Financial debts170/4 | €0 | - | €10.72M | €13.67M | €12.71M | ▼ 7.0% |
| Amounts payable within one year42/48 | €101k | €370k | €2.64M | €5.89M | €6.31M | ▲ 7.2% |
| Current portion of amounts payable after more than one year42 | €42k | €0 | €555k | €969k | €985k | ▲ 1.6% |
| Financial debts43 | - | - | - | €1.35M | €2.60M | ▲ 92.6% |
| Credit institutions430/8 | - | - | - | €1.35M | €2.60M | ▲ 92.6% |
| Trade debts44 | - | €340k | €1.41M | €99k | €21k | ▼ 78.9% |
| Suppliers440/4 | - | €340k | €1.41M | €99k | €21k | ▼ 78.9% |
| Taxes, remuneration and social security45 | €59k | €30k | €0 | - | - | - |
| Taxes450/3 | €59k | €30k | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €669k | €3.47M | €2.71M | ▼ 22.1% |
| Accrued charges and deferred income492/3 | €4k | €4k | €19k | €13k | €7k | ▼ 50.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €352k | €-140k | €-313k | €-139k | €-300k | ▼ 115% |
| + Depreciation and write-downs630 | €40k | €40k | €184k | €775k | €1.07M | ▲ 37.8% |
| Operating cash flow (approximation) | €391k | €-101k | €-129k | €636k | €769k | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | €-337k | €-13.07M | €-7.17M | €-28k | ▲ 99.6% |
| Change in cash | - | €-736k | €367k | €-436k | €36k | ▲ 108% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €2MEq €3.87M ▲263%
Equity rises from €1.06M to €3.87M.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-313k
Net result drops to €-313k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €352k ▲1.6%
Operating result €473k, net result €352k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 9.03
Current ratio from 3.09 to 9.03; short-term debt falls from €221k to €101k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.09
Current ratio from 1.25 to 3.09; short-term debt falls from €529k to €221k.
31-12
Financial
Equity above €1MEq €1.17M ▲42.2%
3 profitable years in a row build equity to €1.17M.
Show earlier events
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
22-06
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 7 acts read
About the unread acts
We know of 7 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
7 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, Dison · 1 establishment unit since 2008
Ground area
2,868 m²
Building footprint
330 m²
Volume, LiDAR
1,506 m³
Parcel 63002A0109/00E000, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Progrès 5, 4821 Dison
since 20082.176.510.744
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63002A0109/00E000 | Wallonia | 2,868 m² | 1 · 330 m² | 5.9 m · 2 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 12,041 companies in sector 68203 we hold annual accounts for 5,994. 3,088 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
Founded15-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.