IMMO PMS
ActiveSummary
IMMO PMS has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of -€300,228. Equity has been growing by about 22% per year since 2018. Its solvency ranks better than 28% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 15-10-2008 Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding land NACE 68203
- Establishment unit
- 2.176.510.744 4821 Dison, since 30-10-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- GVDBDirector · since 15-12-2023 · permanent representative Guillaume VANDER BORGHT
- LABRO MICHAEL PROPERTY & CONSULTINGDirector · since 15-12-2023
- WAMCODirector · since 15-12-2023 · permanent representative Arnaud WOITRIN
- Auditor
- REWISE AD REVISEUR D'ENTREPRISES
Shareholders
- PMSWEET100%· score 832025 annual accounts of PMSWEET
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €1.4m
- ▲ 11.5%
- Turnover
- ≈ €1.7m
- estimated
- Loss
- €300,228
- ▲ 115%
- Equity
- €3.4m
- ▼ 11.8%
- Total assets
- €22.4m
- ▼ 4.3%
Score breakdownraises riskLiquidity: current ratio 0.51, cash €93,683Equity €3.4m (15.2% of total assets)lowers riskSize: total assets €22.4mFigures for financial year 2025 (filed on 12-06-2026)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 28% of medium-sized companies in real estate (NACE 68)
Financial strength · tick: 2024
Weak
Solvency
40-2
equity 15.2% of total assets
Liquidity
39-2
short-term debt 28.1% · cash 0.4%
Profitability
32-1
return on assets -1.3%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.2%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025highest value
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.51 (0.53 in 2024), below 1. Short-term debt is 28.1% and cash 0.4% of total assets. 84.8% of the assets are financed with debt and provisions.
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, medium-sized). It does better than 36% of them on solvency, 31% on liquidity, 28% on profitability and 19% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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
Six signals.
lowers riskraises riskneutral
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 -€300,228
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 days early
2024
35 days early
2023
36 days early
2022
49 days early
2021
31 days late
2020
4 days early
2019
16 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 23 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 12-06-2026 PDF all 17 filings
Turnover
≈ €1.7m
Estimated: probably between €1.4m and €2.0m
EBIT margin
Not included in this filing
Net result
-€300,228▼ 115%
2024 · -€139,400
Working capital
-€3.1m▼ 13.8%
2024 · -€2.7m
In the rankings
#5 company by total assets in Dison
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 33% lower than in 2024.
Operating result€0.3m
2025
Net result-€0.3m
2025
Total assets€22.4m
2025
Equity€3.4m
2025
Debt€19.0m
2025
Working capital-€3.1m
2025
Return on assets (ROA)-1.3%
2025
Solvency15.2%
2025
Current ratio0.51
2025
Staff (FTE)0
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.4m▲ 230%€0.5m▲ 9.9%€0.5m▲ 0.8%-€0.1m€0.07m€0.5m▲ 540%€0.3m▼ 32.6%
Net result€0.08m-€0.3m▲ 253%€0.3mabove the sector's middle half▲ 18.8%€0.4mabove the sector's middle half▲ 1.6%-€0.1mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 123%-€0.1mbelow the sector's middle half▲ 55.5%-€0.3mbelow the sector's middle half▼ 115%
Equity€0.8m-€0.8m▼ 1.0%€1.2mwithin the sector's middle half▲ 42.2%€1.5mwithin the sector's middle half▲ 30.1%€1.4mwithin the sector's middle half▼ 9.3%€1.1mwithin the sector's middle half▼ 22.7%€3.9mabove the sector's middle half▲ 263%€3.4mwithin the sector's middle half▼ 11.8%
Total assets€1.2m-€1.4m▲ 25.5%€1.4mwithin the sector's middle half▼ 1.2%€1.6mwithin the sector's middle half▲ 13.3%€1.8mwithin the sector's middle half▲ 8.0%€14.4mabove the sector's middle half▲ 724%€23.4mabove the sector's middle half▲ 62.3%€22.4mabove the sector's middle half▼ 4.3%
Debt€0.3m-€0.6m▲ 93.2%€0.3m▼ 57.8%€0.1m▼ 60.5%€0.4m▲ 257%€13.4m▲ 36×€19.6m▲ 46.3%€19.0m▼ 2.8%
Working capital€0.2m-€0.1m▼ 14.7%€0.5mwithin the sector's middle half▲ 250%€0.8mwithin the sector's middle half▲ 75.8%€0.4mwithin the sector's middle half▼ 53.8%-€2.1mbelow the sector's middle half-€2.7mbelow the sector's middle half▼ 31.3%-€3.1mbelow the sector's middle half▼ 13.8%
Solvency71.8%-56.6%▼ 15.2pp81.5%above the sector's middle half▲ 24.9pp93.5%above the sector's middle half▲ 12.1pp78.6%above the sector's middle half▼ 14.9pp7.4%within the sector's middle half▼ 71.3pp16.5%within the sector's middle half▲ 9.1pp15.2%within the sector's middle half▼ 1.3pp
Current ratio1.91-1.25▼ 0.653.09within the sector's middle half▲ 1.849.03above the sector's middle half▲ 5.942.01within the sector's middle half▼ 7.020.21below the sector's middle half▼ 1.800.53within the sector's middle half▲ 0.330.51within the sector's middle half▼ 0.03
Return on assets (ROA)7.1%-20.1%▲ 13.0pp24.2%above the sector's middle half▲ 4.1pp21.7%above the sector's middle half▼ 2.5pp-8.0%below the sector's middle half▼ 29.7pp-2.2%below the sector's middle half▲ 5.9pp-0.6%within the sector's middle half▲ 1.6pp-1.3%within the sector's middle half▼ 0.7pp
Staff (FTE)0below the sector's middle half0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.4m
Fixed assets
€19.2m ▼ 5.1%
Current assets
€3.2m ▲ 1.4%
Equity and liabilities €22.4m
Equity
€3.4m ▼ 11.8%
Debt
€19.0m ▼ 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
€1.4m▲
2024 · €1.2m
Cash flow
€768,577▲
2024 · €636,014
Debt to equity
5.58▲
2024 · 5.06
ROE
-8.8%▼
2024 · -3.6%
Interest coverage
1.81▲
2024 · 1.75
Debt ≤ 1 year
€6.3m▲
2024 · €5.9m
Debt > 1 year
€12.7m▼
2024 · €13.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €41,989 | - | €10.3m | €15.1m | €15.5m |
| Debts guaranteed by Belgian public bodies | - | - | - | - | €1.8m |
| Mortgages, amount registered | - | €225,000 | €225,000 | €225,000 | €225,000 |
| Mortgage mandates | - | €10.1m | €14.1m | €14.1m | €14.1m |
| Carrying value of the mortgaged assets | - | €1.0m | €13.9m | €20.3m | €19.2m |
| Pledge on the business | €25,000 | €2.0m | €2.0m | €2.0m | €2.0m |
| Mandates to pledge the business | €25,000 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €337,494 | €13.1m | €7.2m | €27,710 |
| Depreciation and write-downs of the year | €39,692 | €39,692 | €183,870 | €775,414 | €1.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
The auditor is REWISE AD REVISEUR D'ENTREPRISES.
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | - | €2,500 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €0.1m | - | - | - | - |
| Other operating income74 | - | - | - | - | €0.1m | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €0.02m | €0 | ▼ 100% |
| Operating charges60/66A | - | - | - | - | €0.3m | - | - | - | - |
| Services and other goods61 | - | - | - | - | €0.2m | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.001m | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.2m | €0.8m | €1.1m | ▲ 37.8% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.06m | €0.05m | €0.05m | €0.06m | ▲ 3.4% |
| Gross operating margin9900 | €0.2m | €0.5m | €0.5m | €0.5m | - | €0.3m | €1.3m | €1.4m | ▲ 11.5% |
| Operating profit (loss)9901 | €0.1m | €0.4m | €0.5m | €0.5m | -€0.1m | €0.07m | €0.5m | €0.3m | ▼ 32.6% |
| Financial income75/76B | - | - | - | - | €0.005m | €0.001m | €0.1m | €0.2m | ▲ 39.9% |
| Recurring financial income75 | - | - | - | - | €0.005m | €0.001m | €0.1m | €0.2m | ▲ 39.9% |
| Income from current assets751 | - | - | - | - | €0.005m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | €0.4m | €0.7m | €0.8m | ▲ 8.1% |
| Recurring financial charges65 | €0.007m | €0.004m | €0.003m | €0.003m | €0.003m | €0.4m | €0.7m | €0.8m | ▲ 8.1% |
| Debt charges650 | - | - | - | - | €201 | - | - | - | - |
| Other financial charges652/9 | - | - | - | - | €0.003m | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.4m | €0.5m | €0.5m | -€0.1m | -€0.3m | -€0.1m | -€0.3m | ▼ 115% |
| Income taxes67/77 | €0.04m | €0.1m | €0.1m | €0.1m | €0 | - | - | - | - |
| Taxes670/3 | - | - | - | - | €0 | - | - | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €0.08m | €0.3m | €0.3m | €0.4m | -€0.1m | -€0.3m | -€0.1m | -€0.3m | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €0.08m | €0.3m | €0.3m | €0.4m | -€0.1m | -€0.3m | -€0.1m | -€0.3m | ▼ 115% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.4m | €1.4m | €1.6m | €1.8m | €14.4m | €23.4m | €22.4m | ▼ 4.3% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.7m | €0.7m | €1.0m | €13.9m | €20.3m | €19.2m | ▼ 5.1% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.7m | €0.7m | €1.0m | €13.9m | €20.3m | €19.2m | ▼ 5.1% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €8.9m | €20.1m | €19.1m | ▼ 4.6% |
| Leasing and similar rights25 | - | - | - | €0.3m | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 26.9% |
| Assets under construction and advance payments27 | - | - | - | - | €0.3m | €4.8m | €0.08m | €0 | ▼ 100% |
| Current assets29/58 | €0.3m | €0.7m | €0.7m | €0.9m | €0.7m | €0.5m | €3.1m | €3.2m | ▲ 1.4% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | - | - | - | - | €0.6m | €0.008m | €3.1m | €3.1m | ▲ 0.4% |
| Trade receivables40 | - | - | - | - | - | €0.008m | €0.01m | €0.03m | ▲ 123% |
| Other amounts receivable41 | - | - | - | - | €0.6m | €0 | €3.1m | €3.1m | = |
| Cash at bank and in hand54/58 | €0.3m | €0.7m | €0.6m | €0.9m | €0.1m | €0.5m | €0.06m | €0.09m | ▲ 62.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.06m | €0.05m | €0.006m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.4m | €1.6m | €1.8m | €14.4m | €23.4m | €22.4m | ▼ 4.3% |
| Equity10/15 | €0.8m | €0.8m | €1.2m | €1.5m | €1.4m | €1.1m | €3.9m | €3.4m | ▼ 11.8% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.03m | €0.04m | €0.06m | €0.06m | €0.8m | €0.5m | €0.3m | €0.06m | ▼ 81.5% |
| Non-distributable reserves130/1 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Distributable reserves133 | - | - | - | €31 | €0.7m | €0.4m | €0.3m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.5m | €0.9m | €0 | - | - | -€0.04m | - |
| Investment grants15 | - | - | - | - | - | - | €2.9m | €2.8m | ▼ 5.2% |
| Amounts payable17/49 | €0.3m | €0.6m | €0.3m | €0.1m | €0.4m | €13.4m | €19.6m | €19.0m | ▼ 2.8% |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.04m | €0 | - | €10.7m | €13.7m | €12.7m | ▼ 7.0% |
| Financial debts170/4 | - | - | - | €0 | - | €10.7m | €13.7m | €12.7m | ▼ 7.0% |
| Amounts payable within one year42/48 | €0.2m | €0.5m | €0.2m | €0.1m | €0.4m | €2.6m | €5.9m | €6.3m | ▲ 7.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0 | €0.6m | €1.0m | €1.0m | ▲ 1.6% |
| Financial debts43 | - | - | - | - | - | - | €1.4m | €2.6m | ▲ 92.6% |
| Credit institutions430/8 | - | - | - | - | - | - | €1.4m | €2.6m | ▲ 92.6% |
| Trade debts44 | - | - | - | - | €0.3m | €1.4m | €0.1m | €0.02m | ▼ 78.9% |
| Suppliers440/4 | - | - | - | - | €0.3m | €1.4m | €0.1m | €0.02m | ▼ 78.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.03m | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0.06m | €0.03m | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.7m | €3.5m | €2.7m | ▼ 22.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.004m | €0.02m | €0.01m | €0.007m | ▼ 50.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.08m | €0.3m | €0.3m | €0.4m | -€0.1m | -€0.3m | -€0.1m | -€0.3m | ▼ 115% |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.2m | €0.8m | €1.1m | ▲ 37.8% |
| Operating cash flow (approximation) | €0.1m | €0.3m | €0.4m | €0.4m | -€0.1m | -€0.1m | €0.6m | €0.8m | ▲ 20.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0.3m | -€13.1m | -€7.2m | -€0.03m | ▲ 99.6% |
| Change in cash | - | €0.3m | -€0.03m | €0.2m | -€0.7m | €0.4m | -€0.4m | €0.04m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 120 companies had the same profile as IMMO PMS has now. Two years later, 0.0% had gone bankrupt and 95.0% were still going.
- Medium-sized
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.0%
went bankrupt
5.0%
stopped otherwise
95.0%
was still going
That fits the bankruptcy probability of IMMO PMS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 120 companies, not a prediction for IMMO PMS. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 12-06-2026 | 2026-00155162 | |
| 31-12-2024 | full format | 26-06-2025 | 2025-00188139 | |
| 31-12-2023 | full format | 25-06-2024 | 2024-00194082 | |
| 31-12-2022 | full format | 12-06-2023 | 2023-00119237 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20370502 | |
| 31-12-2020 | full format | 27-07-2021 | 2021-41900110 | |
| 31-12-2019 | full format | 15-07-2020 | 2020-31500187 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-56000013 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-48200508 | |
| 31-12-2016 | full format | 22-06-2017 | 2017-19800559 |
Board & ownership
Directors
Directors
3 directors, last change in 2024
Board 3
GVDB
Current
Director (not named in the articles) · since 15-12-2023 · Private limited company · permanent representative: Guillaume VANDER BORGHT · listed in the 2025 annual accounts, filed on 12-06-2026
LABRO MICHAEL PROPERTY & CONSULTING BV
Current
Director (not named in the articles) · since 15-12-2023 · Private limited company · permanent representative: Michael LABRO · listed in the 2025 annual accounts, filed on 12-06-2026
WAMCO
Current
Director (not named in the articles) · since 15-12-2023 · Private limited company · permanent representative: Arnaud WOITRIN · listed in the 2025 annual accounts, filed on 12-06-2026
Permanent representatives 3
Arnaud WOITRIN
Current
Permanent representative · appointed in the act of 08-01-2024 · for WAMCO
Guillaume VANDER BORGHT
Current
Permanent representative · appointed in the act of 08-01-2024 · for GVDB
Michael LABRO
Current
Permanent representative · appointed in the act of 08-01-2024 · for LABRO MICHAEL PROPERTY & CONSULTING BV
Statutory auditor 1
REWISE AD REVISEUR D'ENTREPRISES
Current
Statutory auditor · current term since 07-06-2024 · permanent representative: Dumont Axel · listed in the 2025 annual accounts, filed on 12-06-2026
Owners and capital
Shareholders
1 ownerCapital transactions
Capital over time
- 08-01-2024 Capital stated in the deed · €600,000 · 6,000 shares
Mandate history
11 people, 4 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| GVDB |
|
| LABRO MICHAEL PROPERTY & CONSULTING |
|
| WAMCO |
|
| REWISE AD REVISEUR D'ENTREPRISES |
|
| Guillaume Vander Borght |
|
| Michaël LABRO |
|
| Philippe LHOEST |
|
| Amold GILLET |
|
| Arnold GILLET |
|
| NOSHAQ |
|
| SPARAXIS |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Six ans, 3”
Articles of association, deed of 08-01-2024 (in French)
Network & group
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
GVDB
Shared director
→
LABRO MICHAEL PROPERTY & CONSULTING
Shared director
→
MLGV
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
12-06
full format · 49 days before the deadline
2025
26-06
full format · 35 days before the deadline
2024
31-12
Financial
Equity above €2mequity €3.9m ▲263%
Equity rises from €1.1m to €3.9m.
15-07
Gazette deed
Reappointment: Rewise AD Réviseur d'Entreprises SRL (statutory auditor)2 points ▸
Gazette deed
Reappointment: Rewise AD Réviseur d'Entreprises SRL (statutory auditor)
2 points ▸
- General meeting, 07-06-2024
- Auditor reappointment, Rewise AD Réviseur d'Entreprises SRL (statutory auditor)
25-06
full format · 36 days before the deadline
08-01
Gazette deed
Company renamed from IMMO TN to IMMO PMSResignations: Philippe LHOEST, Michael LABRO and Guillaume VANDER BORGHT · Appointments: WAMCO, LABRO MICHAEL PROPERTY & CONSULTING and GVDB · Permanent representatives: Arnaud WOITRIN, Michael LABRO and Guillaume VANDER BORGHT20 points ▸
Gazette deed
Company renamed from IMMO TN to IMMO PMS
Resignations: Philippe LHOEST, Michael LABRO and Guillaume VANDER BORGHT · Appointments: WAMCO, LABRO MICHAEL PROPERTY & CONSULTING and GVDB · Permanent representatives: Arnaud WOITRIN, Michael LABRO and Guillaume VANDER BORGHT20 points ▸
- General meeting, 15-12-2023
- Other provision, “rapport justificatif modification objet, organe d’administration” (deed in French)
- Purpose change
- Name change, IMMO PMS
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €600,000
- Director resignation, Philippe LHOEST (director)
- Director resignation, Michael LABRO (director)
- Director resignation, Guillaume VANDER BORGHT (director)
- Director discharge, Philippe LHOEST
- Director discharge, Michael LABRO
- Director discharge, Guillaume VANDER BORGHT
- The act holds 8 more points.
2023
31-12
Financial
Weakest financial yearnet -€312,971
The net result drops to -€312,971, the lowest from 2018 to 2025. It recovers the following year.
12-06
full format · 49 days before the deadline
24-01
Gazette deed
Appointment: REWISE AD REVISEUR D'ENTREPRISES (statutory auditor)2 points ▸
Gazette deed
Appointment: REWISE AD REVISEUR D'ENTREPRISES (statutory auditor)
2 points ▸
- General meeting, 21-12-2022
- Auditor appointment, REWISE AD REVISEUR D'ENTREPRISES (statutory auditor)
2022
31-08
full format · 31 days late
22-07
Gazette deed
Registered office moved within DisonPower of attorney3 points ▸
Gazette deed
Registered office moved within Dison
Power of attorney3 points ▸
- General meeting, 27-06-2022
- Registered-office move, Rue du Progrès,5 à 4821 DISON
- Power of attorney
28-06
Gazette deed
Resignations: Arnold GILLET, NOSHAQ and 2 othersPermanent representatives: Christine GERARDY and Yves MEURICE · Appointments: Philippe LHOEST, Michaël LABRO and Guillaume VANDER BORGHT · Power of attorney13 points ▸
Gazette deed
Resignations: Arnold GILLET, NOSHAQ and 2 others
Permanent representatives: Christine GERARDY and Yves MEURICE · Appointments: Philippe LHOEST, Michaël LABRO and Guillaume VANDER BORGHT · Power of attorney13 points ▸
- General meeting, 31-05-2022
- Director resignation, Arnold GILLET (director)
- Director resignation, NOSHAQ (director)
- Director resignation, SPARAXIS (director)
- Permanent representative, Christine GERARDY
- Permanent representative, Yves MEURICE
- Director appointment, Philippe LHOEST (director)
- Director appointment, Michaël LABRO (director)
- Director appointment, Guillaume VANDER BORGHT (director)
- Other provision, “acceptation du mandat par les nouveaux administrateurs, signature pour acceptation” (deed in French)
- Board meeting, 31-05-2021
- Director resignation, Amold GILLET (managing director)
- The act holds 1 more point.
Show earlier events
2021
31-12
Financial
Highest result from 2018 to 2025net €351,524 ▲1.6%
The operating result of €473,083 and the net result of €351,524 are both a record.
31-12
Financial
Liquidity more than doubledcurrent ratio 9.03
The current ratio rises from 3.09 to 9.03. Short-term debt falls from €220,823 to €101,171.
27-07
full format · 4 days before the deadline
2020
31-12
Financial
Liquidity more than doubledcurrent ratio 3.09
The current ratio rises from 1.25 to 3.09. Short-term debt falls from €528,534 to €220,823.
31-12
Financial
Equity above €1mequity €1.2m ▲42.2%
With a profit in every financial year since 2018, equity grows to €1.2m.
15-07
full format · 16 days before the deadline
2019
28-08
full format · 28 days late
2018
14-08
full format · 14 days late
2017
22-06
full format · 39 days before the deadline
2008
23-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
IMMO PMS in French
Former name
IMMO TN until the act of 08-01-2024
Enterprise number
0807.122.944
Legal form
Public limited company
Status
Active, normale toestand
Founded
15-10-2008
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-01-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, organe d’administration vers Bruxelles-Capitale ou région langue française sans modification langue statuts”
deed of 08-01-2024 (in French)Registered office and establishments
Registered office
Rue du Progrès 5, 4821 Dison, Belgium
Establishment unit
Rue du Progrès 5, 4821 Dison since 30-10-2008 · unit number 2.176.510.744
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203
Real estate rental main activity
Invoicing and payment
VAT number
BE 0807.122.944
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of May at 11:00
deed of 08-01-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
2,868 m²
Building footprint
330 m²
Building volume
1,506 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63002A0109/00E000 | Wallonia | 2,868 m² | 1 · 330 m² | 5.9 m · 2 |