IMMO RAYMACKERS
ActiveSummary
IMMO RAYMACKERS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €768,064 and a net result of -€1,249. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 76% of 9722 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+22
Solvency90▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.42 against 2.02 in 2023; short-term debt: 14.1% and cash: 1.4% of total assets), and 35.4% of the assets are financed with debt.
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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 2024Solvency, return and age of the figures
Solvency
64.6%
Return on assets
-0.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€1,249
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
2 d early
2022
3 d early
2021
31 d late
2020
33 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days after 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€768,064▼ 0.2%
2023 · €769,314
Total assets
€1.2m▼ 5.1%
2023 · €1.3m
Net result
-€1,249▲ 96.8%
2023 · -€39,434
Working capital
€70,752▼ 56.3%
2023 · €161,839
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
Line20202021202220232024
Operating result€63,698▲ 585%-€54,775-€72,980▼ 33.2%-€37,749▲ 48.3%-€2,711▲ 92.8%
Net result€33,821-€70,839-€78,821▼ 11.3%-€39,434▲ 50.0%-€1,249▲ 96.8%
Equity€958,408▲ 3.7%€887,569▼ 7.4%€808,748▼ 8.9%€769,314▼ 4.9%€768,064▼ 0.2%
Total assets€2.0m▼ 3.0%€1.7m▼ 16.0%€1.4m▼ 17.5%€1.3m▼ 9.1%€1.2m▼ 5.1%
Debt€1.0m▼ 8.4%€785,170▼ 23.9%€571,113▼ 27.3%€484,747▼ 15.1%€421,618▼ 13.0%
Working capital€486,946▲ 19.9%€360,009▼ 26.1%€235,552▼ 34.6%€161,839▼ 31.3%€70,752▼ 56.3%
Staff (FTE)5.3▲ 65.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,711 in 2024 against €37,749 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€951,234 ▲ 1.9%
Current assets
€238,449 ▼ 25.7%
Equity and liabilities €1.2m
Equity
€768,064 ▼ 0.2%
Debt
€421,618 ▼ 13.0%
Debt's share of the balance-sheet total falls from 38.7% to 35.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€86,154▲
2023 · €57,549
Cash flow
€87,616▲
2023 · €55,865
Current ratio
1.42▼
2023 · 2.02
Debt to equity
0.55▼
2023 · 0.63
ROE
-0.2%▲
2023 · -5.1%
ROA
-0.1%▲
2023 · -3.1%
Interest coverage
7.28▲
2023 · 3.82
Debt ≤ 1 year
€167,696▲
2023 · €158,977
Debt > 1 year
€253,922▼
2023 · €325,407
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,114 | €88,659 | €91,451 | €95,299 | €88,865 | ▼ 6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €21,040 | -€5,546 | -€1,888 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €3,141 | €14,023 | €12,623 | €12,348 | ▼ 2.2% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €210,287 | €58,065 | €26,949 | €68,284 | €98,502 | ▲ 44.3% |
| Operating profit (loss)9901 | €63,698 | -€54,775 | -€72,980 | -€37,749 | -€2,711 | ▲ 92.8% |
| Financial income75/76B | - | €4,077 | €9,680 | €13,367 | €13,295 | ▼ 0.5% |
| Recurring financial income75 | €3,601 | €4,077 | €9,680 | €13,367 | €13,295 | ▼ 0.5% |
| Financial charges65/66B | - | €22,171 | €15,521 | €15,052 | €11,833 | ▼ 21.4% |
| Recurring financial charges65 | €27,187 | €22,171 | €15,521 | €15,052 | €11,833 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | €40,112 | -€72,870 | -€78,821 | -€39,434 | -€1,249 | ▲ 96.8% |
| Income taxes67/77 | €6,290 | -€2,030 | €0 | - | €0 | - |
| Profit (loss) for the period9904 | €33,821 | -€70,839 | -€78,821 | -€39,434 | -€1,249 | ▲ 96.8% |
| Profit (loss) for the period to be appropriated9905 | €33,821 | -€70,839 | -€78,821 | -€39,434 | -€1,249 | ▲ 96.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.7m | €1.4m | €1.3m | €1.2m | ▼ 5.1% |
| Fixed assets21/28 | €991,534 | €985,382 | €964,918 | €933,245 | €951,234 | ▲ 1.9% |
| Tangible fixed assets22/27 | €991,534 | €985,382 | €964,918 | €933,245 | €951,234 | ▲ 1.9% |
| Land and buildings22 | - | €932,530 | €909,598 | €878,878 | €900,427 | ▲ 2.5% |
| Plant, machinery and equipment23 | - | €52,852 | €55,320 | €52,016 | €48,713 | ▼ 6.4% |
| Furniture and vehicles24 | - | - | - | €2,351 | €2,094 | ▼ 10.9% |
| Current assets29/58 | €998,929 | €687,356 | €414,943 | €320,816 | €238,449 | ▼ 25.7% |
| Amounts receivable after more than one year29 | - | €150,000 | €116,000 | €116,000 | €116,000 | = |
| Trade receivables290 | - | €150,000 | - | - | - | - |
| Other amounts receivable291 | - | - | €116,000 | €116,000 | €116,000 | = |
| Amounts receivable within one year40/41 | €873,293 | €520,523 | €274,497 | €180,323 | €92,141 | ▼ 48.9% |
| Trade receivables40 | - | €236,458 | €75,645 | €51,774 | €50,292 | ▼ 2.9% |
| Other amounts receivable41 | - | €284,065 | €198,852 | €128,549 | €41,849 | ▼ 67.4% |
| Cash at bank and in hand54/58 | €10,631 | €13,043 | €11,050 | €11,854 | €16,067 | ▲ 35.5% |
| Deferred charges and accrued income490/1 | - | €3,790 | €13,396 | €12,638 | €14,241 | ▲ 12.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.7m | €1.4m | €1.3m | €1.2m | ▼ 5.1% |
| Equity10/15 | €958,408 | €887,569 | €808,748 | €769,314 | €768,064 | ▼ 0.2% |
| Contributions10/11 | - | €6,460 | €6,460 | €6,460 | €6,460 | = |
| Reserves13 | €951,948 | €881,109 | €802,288 | €762,854 | €761,604 | ▼ 0.2% |
| Non-distributable reserves130/1 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Reserves not available under the articles1311 | - | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Tax-exempt reserves132 | - | €83,255 | €83,255 | €83,255 | €83,255 | = |
| Distributable reserves133 | - | €795,954 | €717,133 | €677,699 | €676,449 | ▼ 0.2% |
| Amounts payable17/49 | €1.0m | €785,170 | €571,113 | €484,747 | €421,618 | ▼ 13.0% |
| Amounts payable after more than one year17 | €520,073 | €457,823 | €391,722 | €325,407 | €253,922 | ▼ 22.0% |
| Financial debts170/4 | - | €457,823 | €391,722 | €325,407 | €253,922 | ▼ 22.0% |
| Amounts payable within one year42/48 | €511,983 | €327,347 | €179,391 | €158,977 | €167,696 | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | - | €78,632 | €80,033 | €73,157 | €74,225 | ▲ 1.5% |
| Financial debts43 | - | €185,000 | €50,000 | €50,000 | €50,958 | ▲ 1.9% |
| Credit institutions430/8 | - | €185,000 | €50,000 | €50,000 | €50,958 | ▲ 1.9% |
| Trade debts44 | €108,427 | €60,839 | €38,064 | €10,246 | €19,025 | ▲ 85.7% |
| Suppliers440/4 | - | €60,839 | €38,064 | €10,246 | €19,025 | ▲ 85.7% |
| Taxes, remuneration and social security45 | - | €891 | €891 | €12,048 | €10,400 | ▼ 13.7% |
| Taxes450/3 | - | €891 | €891 | €12,048 | €10,400 | ▼ 13.7% |
| Other amounts payable47/48 | - | €1,985 | €10,403 | €13,526 | €13,088 | ▼ 3.2% |
| Accrued charges and deferred income492/3 | - | - | - | €363 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,821 | -€70,839 | -€78,821 | -€39,434 | -€1,249 | ▲ 96.8% |
| + Depreciation and write-downs630 | €85,114 | €88,659 | €91,451 | €95,299 | €88,865 | ▼ 6.8% |
| Operating cash flow (approximation) | €118,935 | €17,820 | €12,630 | €55,865 | €87,616 | ▲ 56.8% |
| Investment in fixed assets (approximation) | - | -€82,507 | -€70,986 | -€63,626 | -€106,855 | ▼ 67.9% |
| Change in cash | - | €2,412 | -€1,993 | €804 | €4,213 | ▲ 424% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€78,821
Net result drops to -€78,821, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €33,821
Net result €33,821 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
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.
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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, Sint-Truiden · 1 establishment unit since 2000
Ground area
137 m²
Parcel 71064A0296/00R000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Immo Raymackers
since 20002.100.711.677
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71064A0296/00R000 | Flanders | 137 m² | - | - |
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.
Similar companies · same sector, comparable size
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Fejeco
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Brussel · Eq €767,912
Brechtsebaan
BE 0843.249.803
Schoten · Eq €767,802
JARONAL
BE 0440.080.684
Elsene · Eq €768,529
Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,947 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
52210Service activities incidental to land transportation
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471558075
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.