IMMO R
ActiveSummary
IMMO R has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€24,093) and a net result of €33,010. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 9436 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
What they do
Buying and selling of own real estate
NACE 68110NACE 68100
1 site
How big
€459,655total assets 2025
- Equity
- -€24,093
- Profit
- €33,010
Turnover not published (abridged schema)
Who decides
Accounts 28 d early0 of 3 deeds read
Why 59- Annual accounts: weaker financial profile- Weak solvency vs sector+ Lower-failure-rate sector+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+4
Solvency20▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.05 in 2024; short-term debt: 30.8% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
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
-5.2%
Return on assets
7.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9436 sector peers (2025).
NBB · sector comparisonPosition among 9436 sector peers
Solvency
better than 13%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
17 d early
2023
21 d early
2022
46 d early
2021
25 d early
2020
47 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Highest result since 2018net €33,010 ▲16.8%
- Annual accounts filedfiscal year 2024 · abbreviated…
Financials
Fiscal year 2025Total assets €459,655Profit €33,010Solvency -5.2%Liquidity 0.05
Total assets
€459,655▼ 26.1%
2018 - 2025
Net result
€33,010▲ 16.8%
2018 - 2025
Equity
-€24,093▲ 57.8%
2018 - 2025
Solvency
-5.2%▲ 3.9pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.03m€0.01m▼ 62.0%-€0.005m€0.04m€0.04m▲ 8.1%
Net result€0.009mwithin the sector's middle half-€0.002mwithin the sector's middle half-€0.02mbelow the sector's middle half▼ 811%€0.03mwithin the sector's middle half€0.03mwithin the sector's middle half▲ 16.8%
Equity-€0.07mbelow the sector's middle half▲ 11.9%-€0.07mbelow the sector's middle half▼ 3.0%-€0.09mbelow the sector's middle half▼ 26.3%-€0.06mbelow the sector's middle half▲ 33.1%-€0.02mbelow the sector's middle half▲ 57.8%
Total assets€1.2mabove the sector's middle half▼ 17.0%€1.0mwithin the sector's middle half▼ 17.7%€0.9mwithin the sector's middle half▼ 8.0%€0.6mbelow the sector's middle half▼ 32.3%€0.5mbelow the sector's middle half▼ 26.1%
Debt€1.3m▼ 16.8%€1.1m▼ 16.6%€1.0m▼ 5.8%€0.7m▼ 32.3%€0.5m▼ 28.8%
Working capital-€0.6mbelow the sector's middle half▲ 22.4%-€0.5mbelow the sector's middle half▲ 27.8%-€0.5mbelow the sector's middle half▼ 10.5%-€0.3mbelow the sector's middle half▲ 50.9%-€0.1mwithin the sector's middle half▲ 46.8%
Solvency-5.4%below the sector's middle half▼ 0.3pp-6.8%below the sector's middle half▼ 1.4pp-9.3%below the sector's middle half▼ 2.5pp-9.2%below the sector's middle half▲ 0.1pp-5.2%below the sector's middle half▲ 3.9pp
Current ratio0.03below the sector's middle half=0.10below the sector's middle half▲ 0.070.01below the sector's middle half▼ 0.080.05below the sector's middle half▲ 0.040.05below the sector's middle half=
Return on assets (ROA)0.7%within the sector's middle half▲ 3.0pp-0.2%within the sector's middle half▼ 0.9pp-1.9%below the sector's middle half▼ 1.7pp4.5%within the sector's middle half▲ 6.5pp7.2%above the sector's middle half▲ 2.6pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
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 abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €459,655
Fixed assets
€453,088 ▼ 25.5%
Current assets
€6,567 ▼ 51.8%
Equity and liabilities
Equity-€24,093
Debt€483,747
Equity is negative: debt (€483,747) exceeds the balance-sheet total (€459,655).
Key figures and ratios
Key figures and ratios
EBITDA
€62,331▼
2024 · €67,173
Cash flow
€52,601▼
2024 · €55,877
Interest coverage
6.41▲
2024 · 5.95
Debt ≤ 1 year
€141,432▼
2024 · €267,063
Debt > 1 year
€342,315▼
2024 · €412,141
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 265 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
3.4%
stopped otherwise
94%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 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 265 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €38,579 | €32,180 | €0 | €74,908 | €49,191 | ▼ 34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,225 | €34,093 | €35,802 | €27,622 | €19,591 | ▼ 29.1% |
| Other operating charges640/8 | €10,038 | €8,348 | €6,914 | €7,565 | €7,739 | ▲ 2.3% |
| Non-recurring operating charges66A | - | €527 | €0 | €662 | €0 | ▼ 100% |
| Gross operating margin9900 | €82,729 | €54,917 | €37,316 | €75,400 | €70,071 | ▼ 7.1% |
| Operating profit (loss)9901 | €31,467 | €11,949 | -€5,400 | €39,550 | €42,740 | ▲ 8.1% |
| Financial charges65/66B | €22,619 | €13,901 | €12,379 | €11,296 | €9,731 | ▼ 13.9% |
| Recurring financial charges65 | €22,619 | €13,901 | €12,379 | €11,296 | €9,731 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €8,848 | -€1,952 | -€17,779 | €28,255 | €33,010 | ▲ 16.8% |
| Profit (loss) for the period9904 | €8,848 | -€1,952 | -€17,779 | €28,255 | €33,010 | ▲ 16.8% |
| Profit (loss) for the period to be appropriated9905 | €8,848 | -€1,952 | -€17,779 | €28,255 | €33,010 | ▲ 16.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.0m | €0.9m | €0.6m | €0.5m | ▼ 26.1% |
| Fixed assets21/28 | €1.2m | €0.9m | €0.9m | €0.6m | €0.5m | ▼ 25.5% |
| Tangible fixed assets22/27 | €1.2m | €0.9m | €0.9m | €0.6m | €0.5m | ▼ 25.5% |
| Land and buildings22 | €1.2m | €0.9m | €0.9m | €0.6m | €0.5m | ▼ 25.5% |
| Current assets29/58 | €0.02m | €0.05m | €0.007m | €0.01m | €0.007m | ▼ 51.8% |
| Amounts receivable within one year40/41 | €0.004m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Trade receivables40 | €0.004m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other amounts receivable41 | €0 | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Cash at bank and in hand54/58 | €0.01m | €0.05m | €0.004m | €0.01m | €0.005m | ▼ 60.6% |
| Deferred charges and accrued income490/1 | €0.002m | €0.002m | €0.002m | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €0.9m | €0.6m | €0.5m | ▼ 26.1% |
| Equity10/15 | -€0.07m | -€0.07m | -€0.09m | -€0.06m | -€0.02m | ▲ 57.8% |
| Contributions10/11 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.1m | -€0.1m | ▲ 22.4% |
| Amounts payable17/49 | €1.3m | €1.1m | €1.0m | €0.7m | €0.5m | ▼ 28.8% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 16.9% |
| Financial debts170/4 | €0.6m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 16.9% |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.5m | €0.3m | €0.1m | ▼ 47.0% |
| Current portion of amounts payable after more than one year42 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 2.1% |
| Financial debts43 | €0.2m | €0 | - | - | - | - |
| Credit institutions430/8 | €0.2m | €0 | - | - | - | - |
| Trade debts44 | €109 | €220 | €54 | €51 | €266 | ▲ 427% |
| Suppliers440/4 | €109 | €220 | €54 | €51 | €266 | ▲ 427% |
| Taxes, remuneration and social security45 | €0.001m | €0.002m | €496 | €419 | €378 | ▼ 9.7% |
| Taxes450/3 | €0.001m | €0.002m | €496 | €419 | €378 | ▼ 9.7% |
| Other amounts payable47/48 | €0.4m | €0.4m | €0.5m | €0.2m | €0.07m | ▼ 64.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,848 | -€1,952 | -€17,779 | €28,255 | €33,010 | ▲ 16.8% |
| + Depreciation and write-downs630 | €41,225 | €34,093 | €35,802 | €27,622 | €19,591 | ▼ 29.1% |
| Operating cash flow (approximation) | €50,073 | €32,142 | €18,022 | €55,877 | €52,601 | ▼ 5.9% |
| Investment in fixed assets (approximation) | - | €213,624 | €0 | €275,092 | €135,809 | ▼ 50.6% |
| Change in cash | - | €35,125 | -€43,674 | €7,937 | -€7,048 | ▼ 189% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector and region
2012
BE 0846.369.144
Bilzen-Hoeselt
BIESIMMO
BE 0676.449.987
Bilzen-Hoeselt
DIVARO
BE 0650.747.363
Bilzen-Hoeselt
GEVA
BE 0448.098.923
Bilzen-Hoeselt
HOMMELHEIDE
BE 0899.980.747
Bilzen-Hoeselt
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,321 companies in this sector we hold annual accounts for 5,390. See the whole sector
Timeline
13 eventsLatest 03-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €33,010 ▲16.8%
Operating result €42,740, net result €33,010, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €28,255
Net result €28,255 after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €8,848
Net result €8,848 after 3 loss-making years.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Company details
Private limited company (pre-2019) · founded 29-08-2014Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded29-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0560917247
Also
9925:BE0560917247
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Bilzen-Hoeselt · 1 establishment unit since 2014
Ground area
2,766 m²
Building footprint
436 m²
Volume, LiDAR
4,132 m³
Parcel 73006H0972/00V000, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IMMO R.
since 2014unit no. 2.238.563.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006H0972/00V000 | Flanders | 2,766 m² | 1 · 436 m² | 15.4 m · 4 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.