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IMMO RETAIL

Active
Public limited companyfounded 20188 yrs activeRue des Guillemins 139/9, 4000 Liège, BelgiumKBO/BCE: BE 0700.891.118
Summary

The computed 12-month bankruptcy probability of IMMO RETAIL is 2.6% (moderate). The 2024 annual accounts show equity of €3.4m and a net result of €784,231. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 4837 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
IMMO RETAILActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Real estate agency activities
NACE 68310NACE 68311
1 site
Size
€4.8mtotal assets 2024
Equity
€3.4m
Profit
€784,231
Financial health
54 Fair Checked score 2024
Bankruptcy chance 12 m
2.6%
Structure
Largest shareholder
BELGO LEO HOLDING · 46.36%
Board
2 members
Holdings
4
Accounts 64 d overdue1 of 7 deeds read
Why 54- Figures for FY 2024 (filed 24-12-2025)- 1 financial year not filed after the legal deadline; latest accounts 140 days late; 2 of the last 3 late- 1 change of registered office in 24 months+ Sector Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 72% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 95+13
equity 70.3% of total assets
Liquidity 39+9
short-term debt 29.7% · cash 1.3%
Profitability 79-12
return on assets 16.4%
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,938 companies)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.3%▲ +112% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%▲ +0.9% vs 01-2025 03-2025: 0.3%▲ +4.6% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.4%▲ +8.8% vs 04-2025 06-2025: 0.5%▲ +28.8% vs 05-2025 07-2025: 0.5%▲ +7.5% vs 06-2025 08-2025: 0.8%▲ +53.2% vs 07-2025 09-2025: 1.0%▲ +30.4% vs 08-2025 10-2025: 1.8%▲ +77.9% vs 09-2025 11-2025: 1.9%▲ +5.4% vs 10-2025 12-2025: 2.2%▲ +14.8% vs 11-2025 01-2026: 0.5%▼ -76.1% vs 12-2025 02-2026: 0.5%● 0.0% vs 01-2026 03-2026: 0.6%▲ +4.2% vs 02-2026 04-2026: 0.6%▲ +6.0% vs 03-2026 05-2026: 0.6%▲ +1.2% vs 04-2026 06-2026: 0.7%▲ +23.9% vs 05-2026 07-2026: 0.8%▲ +8.7% vs 06-2026 08-2026: 1.2%▲ +46.5% vs 07-2026 09-2026: 1.5%▲ +28.6% vs 08-2026 10-2026: 2.6%▲ +71.5% vs 09-2026highest value
  • Figures for FY 2024 (filed 24-12-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 140 days late; 2 of the last 3 late raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Sector Real estate activities (NACE 68) lowers the probability
Credit up to €180,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.17 against 0.01 in 2023; short-term debt: 29.7% and cash: 1.3% of total assets), and 29.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 81%, liquidity 33%, profitability 89%, growth against the median 86%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 24-12-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 140 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Sector Real estate activities (NACE 68)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filings
Deviation from the deadline
2025
not confirmed
2024
140 d late
2023
31 d late
2022
on the day
2021
61 d late
2020
31 d late
2019
152 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 69 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignations: GESTBEL, MILE MANAGEMENT and Nicolas…Appointments: Emmanuel MEWISSEN (director) and…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Caution: Board changedlatest change 17-03-2026 · 2 in office 2 joined · 3 left View
  • Positive: Among the best 10% on net resultsector median €10,913 · 4,850 companies €784,231 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Positive: 7 profitable years in a rowprofit 2024: €784,231 7 years View
  • Heads a groupcompanies controlled 6 View
  • Positive: Equity rose in 2024from €2.6m to €3.4m ▲ 30.6% View

By topic

Financials

Fiscal year
2024
Total assets
€4.8m
Profit
€784,231
Solvency
70.3%
Go to Financials

Timeline

Events
12
Since
2019
  1. 17-03-2026Resignations: GESTBEL, MILE MANAGEMENT and Nicolas LEONARD
  2. 18-12-2025Annual accounts filed
  3. 31-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Real estate agency activitiesNACE 68310
Founded
14-08-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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