IMMO RHODE
ActiveSummary
IMMO RHODE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.1m and a net result of €100,658. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 49% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+11
Solvency62▲+3
Growth46▼-15
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 4.54 against 4.66 in 2024; short-term debt: 8.7% and cash: 4% of total assets), but 62.8% 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
37.2%
Return on assets
1.8%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €2.1m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-12-2025, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
50 d early
2023
70 d early
2022
69 d early
2021
52 d early
2020
82 d early
2019
67 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 64 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 1 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€491,383▲ 5.6%
2024 · €465,277
EBIT margin
18.8%▲ 52.1pp
2024 · -33.3%
Net result
€100,658▼ 99.0%
2024 · €10.1m
Working capital
€1.8m▼ 5.9%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€365,242▼ 8.7%€373,155▲ 2.2%€434,396▲ 16.4%€465,277▲ 7.1%€491,383▲ 5.6%
Operating result€14,703▼ 63.5%-€3,326€105,536-€155,086€92,169
Net result-€50,336below the sector's middle half▼ 16.6%-€58,464below the sector's middle half▼ 16.1%€116,692within the sector's middle half€10.1mabove the sector's middle half▲ 8,576%€100,658within the sector's middle half▼ 99.0%
EBIT margin4.0%▼ 6.0pp-0.9%▼ 4.9pp24.3%▲ 25.2pp-33.3%▼ 57.6pp18.8%▲ 52.1pp
Equity€1.9mwithin the sector's middle half▼ 2.6%€1.8mwithin the sector's middle half▼ 3.2%€1.9mwithin the sector's middle half▲ 6.5%€2.0mwithin the sector's middle half▲ 6.5%€2.1mwithin the sector's middle half▲ 4.9%
Total assets€7.1mwithin the sector's middle half▼ 6.3%€6.6mwithin the sector's middle half▼ 6.2%€6.3mwithin the sector's middle half▼ 4.7%€6.1mwithin the sector's middle half▼ 3.8%€5.7mwithin the sector's middle half▼ 5.2%
Debt€5.2m▼ 7.5%€4.8m▼ 7.3%€4.4m▼ 8.9%€4.0m▼ 8.3%€3.6m▼ 10.3%
Working capital€2.3mabove the sector's middle half▼ 22.3%€2.0mabove the sector's middle half▼ 11.7%€1.9mabove the sector's middle half▼ 4.1%€1.9mabove the sector's middle half▼ 2.4%€1.8mabove the sector's middle half▼ 5.9%
Solvency26.3%within the sector's middle half▲ 1.0pp27.2%within the sector's middle half▲ 0.9pp30.4%within the sector's middle half▲ 3.2pp33.6%within the sector's middle half▲ 3.2pp37.2%within the sector's middle half▲ 3.6pp
Current ratio5.67above the sector's middle half▼ 29.114.97above the sector's middle half▼ 0.705.01above the sector's middle half▲ 0.044.66above the sector's middle half▼ 0.354.54above the sector's middle half▼ 0.12
Return on assets (ROA)-0.7%within the sector's middle half▼ 0.1pp-0.9%within the sector's middle half▼ 0.2pp1.9%within the sector's middle half▲ 2.7pp167.0%above the sector's middle half▲ 165.2pp1.8%within the sector's middle half▼ 165.3pp
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.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €92,169 after a loss of €155,086 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.7m
Fixed assets
€3.5m ▼ 5.2%
Current assets
€2.3m ▼ 5.2%
Equity and liabilities €5.7m
Equity
€2.1m ▲ 4.9%
Debt
€3.6m ▼ 10.3%
Debt's share of the balance-sheet total falls from 66.4% to 62.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€323,343▲
2024 · €71,593
Cash flow
€331,832▼
2024 · €10.4m
Debt to equity
1.69▼
2024 · 1.97
ROE
4.7%▼
2024 · 496.9%
Interest coverage
5.20▲
2024 · 0.88
Debt ≤ 1 year
€499,661▼
2024 · €513,070
Debt > 1 year
€3.1m▼
2024 · €3.5m
Income taxes
€8,814▼
2024 · €25,669
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% 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 497,662 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% | 1.7% |
| 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 75% 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 14,733 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €427,755 | €561,161 | €540,100 | €565,702 | ▲ 4.7% |
| Turnover70 | €365,242 | €373,155 | €434,396 | €465,277 | €491,383 | ▲ 5.6% |
| Other operating income74 | - | €54,600 | €126,765 | €71,284 | €74,319 | ▲ 4.3% |
| Non-recurring operating income76A | - | - | - | €3,539 | - | - |
| Operating charges60/66A | - | €431,081 | €455,625 | €695,187 | €473,533 | ▼ 31.9% |
| Services and other goods61 | - | €82,128 | €100,769 | €324,737 | €94,744 | ▼ 70.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €221,838 | €222,549 | €224,946 | €226,680 | €231,174 | ▲ 2.0% |
| Other operating charges640/8 | - | €126,403 | €129,910 | €143,770 | €147,615 | ▲ 2.7% |
| Operating profit (loss)9901 | €14,703 | -€3,326 | €105,536 | -€155,086 | €92,169 | ▲ 159% |
| Financial income75/76B | - | €11,454 | €56,217 | €10.4m | €81,879 | ▼ 99.2% |
| Recurring financial income75 | €11,660 | €11,454 | €56,217 | €10.4m | €81,879 | ▼ 99.2% |
| Income from current assets751 | - | €11,454 | €56,217 | €137,241 | €78,909 | ▼ 42.5% |
| Other financial income752/9 | - | - | €0 | €10.2m | €2,970 | ▼ 100.0% |
| Financial charges65/66B | - | €83,590 | €65,199 | €81,512 | €64,576 | ▼ 20.8% |
| Recurring financial charges65 | €90,055 | €83,590 | €65,199 | €81,512 | €64,576 | ▼ 20.8% |
| Debt charges650 | €89,725 | €83,013 | €64,551 | €80,925 | €62,232 | ▼ 23.1% |
| Other financial charges652/9 | - | €577 | €649 | €587 | €2,344 | ▲ 300% |
| Profit (loss) for the period before taxes9903 | -€63,693 | -€75,462 | €96,553 | €10.1m | €109,472 | ▼ 98.9% |
| Income taxes67/77 | -€13,356 | -€16,998 | -€20,139 | €25,669 | €8,814 | ▼ 65.7% |
| Taxes670/3 | - | - | - | €25,669 | €34,483 | ▲ 34.3% |
| Tax adjustments and reversals of tax provisions77 | - | €16,998 | €20,139 | - | €25,669 | - |
| Profit (loss) for the period9904 | -€50,336 | -€58,464 | €116,692 | €10.1m | €100,658 | ▼ 99.0% |
| Profit (loss) for the period to be appropriated9905 | -€50,336 | -€58,464 | €116,692 | €10.1m | €100,658 | ▼ 99.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.1m | €6.6m | €6.3m | €6.1m | €5.7m | ▼ 5.2% |
| Fixed assets21/28 | €4.3m | €4.1m | €3.9m | €3.7m | €3.5m | ▼ 5.2% |
| Tangible fixed assets22/27 | €4.2m | €4.0m | €3.8m | €3.7m | €3.5m | ▼ 5.1% |
| Land and buildings22 | - | €4.0m | €3.8m | €3.6m | €3.4m | ▼ 6.1% |
| Plant, machinery and equipment23 | - | €36,420 | €49,725 | €47,750 | €82,038 | ▲ 71.8% |
| Financial fixed assets28 | €63,600 | €63,600 | €63,600 | €1,100 | - | - |
| Affiliated companies280/1 | - | €63,600 | €63,600 | €1,100 | - | - |
| Participating interests280 | - | €63,600 | €63,600 | €1,100 | - | - |
| Current assets29/58 | €2.8m | €2.5m | €2.4m | €2.4m | €2.3m | ▼ 5.2% |
| Amounts receivable after more than one year29 | - | €2.2m | €2.1m | - | €2.0m | - |
| Other amounts receivable291 | - | €2.2m | €2.1m | - | €2.0m | - |
| Amounts receivable within one year40/41 | €13,472 | €5,360 | €5,740 | €31,045 | €0 | ▼ 100% |
| Trade receivables40 | - | €2,650 | €5,005 | €23,357 | €0 | ▼ 100% |
| Other amounts receivable41 | - | €2,710 | €735 | €7,687 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | €2.1m | - | - |
| Other investments51/53 | - | - | - | €2.1m | - | - |
| Cash at bank and in hand54/58 | €248,512 | €151,095 | €242,561 | €194,073 | €232,212 | ▲ 19.7% |
| Deferred charges and accrued income490/1 | - | €155,666 | €106,746 | €66,373 | €34,519 | ▼ 48.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.1m | €6.6m | €6.3m | €6.1m | €5.7m | ▼ 5.2% |
| Equity10/15 | €1.9m | €1.8m | €1.9m | €2.0m | €2.1m | ▲ 4.9% |
| Contributions10/11 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | - | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Issued capital100 | - | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Uncalled capital101 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €35,100 | €35,100 | €35,100 | €37,398 | €130,000 | ▲ 248% |
| Non-distributable reserves130/1 | - | €35,100 | €35,100 | €37,398 | €130,000 | ▲ 248% |
| Legal reserve130 | - | €35,100 | €35,100 | €37,398 | €130,000 | ▲ 248% |
| Profit (loss) carried forward14 | -€179,647 | -€238,112 | -€121,419 | - | €8,055 | - |
| Amounts payable17/49 | €5.2m | €4.8m | €4.4m | €4.0m | €3.6m | ▼ 10.3% |
| Amounts payable after more than one year17 | €4.7m | €4.3m | €3.9m | €3.5m | €3.1m | ▼ 11.4% |
| Financial debts170/4 | - | €4.3m | €3.9m | €3.5m | €3.1m | ▼ 11.4% |
| Credit institutions173 | - | €4.3m | €3.9m | €3.5m | €3.1m | ▼ 11.4% |
| Amounts payable within one year42/48 | €485,973 | €505,238 | €479,728 | €513,070 | €499,661 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | - | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Trade debts44 | €77,704 | €92,134 | €72,301 | €94,829 | €78,153 | ▼ 17.6% |
| Suppliers440/4 | - | €92,134 | €72,301 | €94,829 | €78,153 | ▼ 17.6% |
| Taxes, remuneration and social security45 | - | €7,269 | €1,292 | €8,889 | €15,846 | ▲ 78.3% |
| Taxes450/3 | - | €7,269 | €1,292 | €8,889 | €15,846 | ▲ 78.3% |
| Other amounts payable47/48 | - | €5,836 | €6,136 | €9,352 | €5,661 | ▼ 39.5% |
| Accrued charges and deferred income492/3 | - | €12,672 | €8,318 | €10,466 | €9,363 | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,336 | -€58,464 | €116,692 | €10.1m | €100,658 | ▼ 99.0% |
| + Depreciation and write-downs630 | €221,838 | €222,549 | €224,946 | €226,680 | €231,174 | ▲ 2.0% |
| Operating cash flow (approximation) | €171,502 | €164,085 | €341,638 | €10.4m | €331,832 | ▼ 96.8% |
| Investment in fixed assets (approximation) | - | -€27,943 | -€18,849 | €558 | -€42,079 | ▼ 7,645% |
| Change in cash | - | -€97,417 | €91,466 | -€48,488 | €38,139 | ▲ 179% |
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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Highest result since 2019net €10.1m ▲8,576%
Net result €10.1m, the highest in the series.
30-06
Financial
Equity above €2mEq €2.0m ▲6.5%
2 profitable years in a row build equity to €2.0m.
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Back to profitnet €116,692
Net result €116,692 after 3 loss-making years.
2022
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Weakest financial yearnet -€58,464
Net result drops to -€58,464, the lowest in the series; recovery starts the following year.
2021
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
15-11
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 14 acts read
About the unread acts
We know of 14 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
14 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, Brussel
Ground area
1,410 m²
Building footprint
1,363 m²
Volume, LiDAR
17,329 m³
Parcel 21807G0129/00W003, Brussels · tallest building 32.1 m, ±1 floor. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0129/00W003 | Brussels | 1,410 m² | 1 · 1,363 m² | 32.1 m · 1 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.
Structure & network
Part of the group
KREST REAL ESTATE INVESTMENTS
6 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- KREST REAL ESTATE INVESTMENTS
- IMMO RHODE
Highest known parent: KREST REAL ESTATE INVESTMENTS. The sources do not say who stands above it.
Owners 1
-
97%
Holdings 1
-
25%
According to the annual accounts to 30-06-2023 of IMMO RHODE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
54930044NP7O9UQBBQ29
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,604 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
Founded28-09-2005
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
43110Demolition
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876321160
Also
9925:BE0876321160
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.