IMMO RICAP
ActiveSummary
IMMO RICAP has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €860k and a net result of €67k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 73% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+3
Solvency87▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.29 in 2024; short-term debt: 26.5% and cash: 9.4% of total assets), and 37.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 · 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
62.3%
Return on assets
4.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
5 d late
2024
23 d early
2023
33 d early
2022
45 d early
2021
41 d early
2020
33 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€860k▲ 8.5%
2024 · €793k
2020: €680klowest in 6 years
2021: €680k● +0.0% vs 2020
2022: €724k▲ +6.4% vs 2021
2023: €752k▲ +3.9% vs 2022
2024: €793k▲ +5.5% vs 2023
2025: €860k▲ +8.5% vs 2024highest in 6 years
2020 → 2025
Total assets
€1.38M▼ 6.0%
2024 · €1.47M
2020: €2.00Mhighest in 6 years
2021: €1.96M▼ -1.7% vs 2020
2022: €1.87M▼ -4.9% vs 2021
2023: €1.63M▼ -12.8% vs 2022
2024: €1.47M▼ -9.6% vs 2023
2025: €1.38M▼ -6.0% vs 2024lowest in 6 years
2020 → 2025
Net result
€67k▲ 61.6%
2024 · €42k
2020: €37k
2021: €90▼ -99.8% vs 2020lowest in 6 years
2022: €44k▲ +48729% vs 2021
2023: €28k▼ -36.1% vs 2022
2024: €42k▲ +48.3% vs 2023
2025: €67k▲ +61.6% vs 2024highest in 6 years
2020 → 2025
Working capital
€-205k▲ 33.0%
2024 · €-306k
2020: €-220k
2021: €-196k▲ +10.7% vs 2020highest in 6 years
2022: €-250k▼ -27.4% vs 2021
2023: €-312k▼ -24.5% vs 2022lowest in 6 years
2024: €-306k▲ +1.8% vs 2023
2025: €-205k▲ +33.0% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€680k-€724k▲ 6.4%€752k▲ 3.9%€793k▲ 5.5%€860k▲ 8.5%
2021: €680klowest in 5 years
2022: €724k▲ +6.4% vs 2021
2023: €752k▲ +3.9% vs 2022
2024: €793k▲ +5.5% vs 2023
2025: €860k▲ +8.5% vs 2024highest in 5 years
Operating result€47k-€120k▲ 154%€60k▼ 50.4%€81k▲ 35.2%€117k▲ 45.3%
2021: €47klowest in 5 years
2022: €120k▲ +154% vs 2021highest in 5 years
2023: €60k▼ -50.4% vs 2022
2024: €81k▲ +35.2% vs 2023
2025: €117k▲ +45.3% vs 2024
Net result€90-€44k▲ 48,729%€28k▼ 36.1%€42k▲ 48.3%€67k▲ 61.6%
2021: €90lowest in 5 years
2022: €44k▲ +48729% vs 2021
2023: €28k▼ -36.1% vs 2022
2024: €42k▲ +48.3% vs 2023
2025: €67k▲ +61.6% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€1.22M ▼ 9.3%
Current assets
€161k ▲ 29.7%
Equity and liabilities €1.38M
Equity
€860k ▲ 8.5%
Provisions
€126k =
Debt
€395k ▼ 28.3%
Debt's share of the balance-sheet total falls from 37.5% to 28.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€257k▲
2024 · €216k
Cash flow
€207k▲
2024 · €177k
Current ratio
0.44▲
2024 · 0.29
Debt to equity
0.46▼
2024 · 0.70
ROE
7.8%▲
2024 · 5.2%
ROA
4.9%▲
2024 · 2.8%
Interest coverage
33.48▲
2024 · 24.92
Debt ≤ 1 year
€366k▼
2024 · €430k
Debt > 1 year
€27k▼
2024 · €121k
Income taxes
€43k▲
2024 · €31k
Staff costs
€27k▼
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.47M€1.38M▼
Fixed assets21/28€1.35M€1.22M▼
Tangible fixed assets22/27€1.35M€1.22M▼
Land and buildings22€1.30M€1.18M▼
Plant, machinery and equipment23€39k€32k▼
Furniture and vehicles24€3k€11k▲
Financial fixed assets28€161€161=
Current assets29/58€124k€161k▲
Amounts receivable within one year40/41€10k€9k▼
Trade receivables40€10k€9k▼
Other amounts receivable41-€4
Cash at bank and in hand54/58€89k€130k▲
Deferred charges and accrued income490/1€24k€22k▼
Equity and liabilities
Total equity and liabilities10/49€1.47M€1.38M▼
Equity10/15€793k€860k▲
Contributions10/11€21k€21k=
Reserves13€752k€819k▲
Non-distributable reserves130/1€252€252=
Reserves not available under the articles1311€252€252=
Tax-exempt reserves132€532k€532k=
Distributable reserves133€220k€288k▲
Profit (loss) carried forward14€20k€20k=
Provisions and deferred taxes16€126k€126k=
Provisions for liabilities and charges160/5€126k€126k=
Major repairs and maintenance162€126k€126k=
Amounts payable17/49€551k€395k▼
Amounts payable after more than one year17€121k€27k▼
Financial debts170/4€121k€27k▼
Amounts payable within one year42/48€430k€366k▼
Current portion of amounts payable after more than one year42€129k€94k▼
Financial debts43€49k-
Credit institutions430/8€49k-
Trade debts44€22k€19k▼
Suppliers440/4€22k€19k▼
Taxes, remuneration and social security45€28k€47k▲
Taxes450/3€22k€46k▲
Remuneration and social security454/9€6k€2k▼
Other amounts payable47/48€202k€206k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€50k€27k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€140k▲
Other operating charges640/8€41k€42k▲
Gross operating margin9900€308k€326k▲
Operating profit (loss)9901€81k€117k▲
Financial income75/76B€103€120▲
Recurring financial income75€103€120▲
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€72k€110k▲
Income taxes67/77€31k€43k▲
Profit (loss) for the period9904€42k€67k▲
Profit (loss) for the period to be appropriated9905€42k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€87k▲
Profit (loss) brought forward from the previous period14P€20k€20k=
Transfer to equity691/2€42k€67k▲
To other reserves6921€42k€67k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €6k | €451 | - | - | - | - |
| Remuneration, social security and pensions62 | €13k | €22k | €45k | €50k | €27k | ▼ 46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €134k | €132k | €132k | €136k | €140k | ▲ 3.3% |
| Other operating charges640/8 | €34k | €35k | €38k | €41k | €42k | ▲ 0.6% |
| Gross operating margin9900 | €228k | €309k | €275k | €308k | €326k | ▲ 5.8% |
| Operating profit (loss)9901 | €47k | €120k | €60k | €81k | €117k | ▲ 45.3% |
| Financial income75/76B | €27 | - | €299 | €103 | €120 | ▲ 16.1% |
| Recurring financial income75 | €27 | - | €299 | €103 | €120 | ▲ 16.1% |
| Financial charges65/66B | €30k | €39k | €9k | €9k | €8k | ▼ 11.4% |
| Recurring financial charges65 | €30k | €39k | €9k | €9k | €8k | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €17k | €82k | €51k | €72k | €110k | ▲ 52.0% |
| Income taxes67/77 | €17k | €38k | €23k | €31k | €43k | ▲ 39.2% |
| Profit (loss) for the period9904 | €90 | €44k | €28k | €42k | €67k | ▲ 61.6% |
| Profit (loss) for the period to be appropriated9905 | €90 | €44k | €28k | €42k | €67k | ▲ 61.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.96M | €1.87M | €1.63M | €1.47M | €1.38M | ▼ 6.0% |
| Fixed assets21/28 | €1.67M | €1.55M | €1.47M | €1.35M | €1.22M | ▼ 9.3% |
| Tangible fixed assets22/27 | €1.67M | €1.55M | €1.47M | €1.35M | €1.22M | ▼ 9.3% |
| Land and buildings22 | €1.65M | €1.52M | €1.42M | €1.30M | €1.18M | ▼ 9.7% |
| Plant, machinery and equipment23 | €12k | €23k | €36k | €39k | €32k | ▼ 19.0% |
| Furniture and vehicles24 | €5k | €5k | €10k | €3k | €11k | ▲ 285% |
| Financial fixed assets28 | - | - | €161 | €161 | €161 | = |
| Current assets29/58 | €297k | €318k | €156k | €124k | €161k | ▲ 29.7% |
| Amounts receivable within one year40/41 | €16k | - | €7k | €10k | €9k | ▼ 17.7% |
| Trade receivables40 | €0 | - | €7k | €10k | €9k | ▼ 17.8% |
| Other amounts receivable41 | €16k | - | - | - | €4 | - |
| Cash at bank and in hand54/58 | €241k | €275k | €128k | €89k | €130k | ▲ 45.5% |
| Deferred charges and accrued income490/1 | €40k | €43k | €21k | €24k | €22k | ▼ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.96M | €1.87M | €1.63M | €1.47M | €1.38M | ▼ 6.0% |
| Equity10/15 | €680k | €724k | €752k | €793k | €860k | ▲ 8.5% |
| Contributions10/11 | €21k | €21k | €21k | €21k | €21k | = |
| Reserves13 | €639k | €683k | €711k | €752k | €819k | ▲ 8.9% |
| Non-distributable reserves130/1 | €252 | €252 | €252 | €252 | €252 | = |
| Reserves not available under the articles1311 | €252 | €252 | €252 | €252 | €252 | = |
| Tax-exempt reserves132 | €532k | €532k | €532k | €532k | €532k | = |
| Distributable reserves133 | €107k | €151k | €179k | €220k | €288k | ▲ 30.4% |
| Profit (loss) carried forward14 | €20k | €20k | €20k | €20k | €20k | = |
| Provisions and deferred taxes16 | €126k | €126k | €126k | €126k | €126k | = |
| Provisions for liabilities and charges160/5 | €126k | €126k | €126k | €126k | €126k | = |
| Major repairs and maintenance162 | €126k | €126k | €126k | €126k | €126k | = |
| Amounts payable17/49 | €1.16M | €1.02M | €750k | €551k | €395k | ▼ 28.3% |
| Amounts payable after more than one year17 | €664k | €448k | €282k | €121k | €27k | ▼ 77.4% |
| Financial debts170/4 | €264k | €448k | €282k | €121k | €27k | ▼ 77.4% |
| Other amounts payable178/9 | €400k | - | - | - | - | - |
| Amounts payable within one year42/48 | €493k | €568k | €467k | €430k | €366k | ▼ 14.9% |
| Current portion of amounts payable after more than one year42 | €68k | €126k | €128k | €129k | €94k | ▼ 27.2% |
| Financial debts43 | €104k | €88k | €71k | €49k | - | - |
| Credit institutions430/8 | €104k | €88k | €71k | €49k | - | - |
| Trade debts44 | €96k | €95k | €16k | €22k | €19k | ▼ 15.4% |
| Suppliers440/4 | €96k | €95k | €16k | €22k | €19k | ▼ 15.4% |
| Taxes, remuneration and social security45 | €23k | €58k | €51k | €28k | €47k | ▲ 69.6% |
| Taxes450/3 | €17k | €55k | €45k | €22k | €46k | ▲ 105% |
| Remuneration and social security454/9 | €6k | €3k | €6k | €6k | €2k | ▼ 70.1% |
| Other amounts payable47/48 | €202k | €202k | €202k | €202k | €206k | ▲ 1.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90 | €44k | €28k | €42k | €67k | ▲ 61.6% |
| + Depreciation and write-downs630 | €134k | €132k | €132k | €136k | €140k | ▲ 3.3% |
| Operating cash flow (approximation) | €134k | €176k | €160k | €177k | €207k | ▲ 17.0% |
| Investment in fixed assets (approximation) | - | €-14k | €-56k | €-11k | €-14k | ▼ 34.7% |
| Change in cash | - | €34k | €-147k | €-38k | €41k | ▲ 207% |
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
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
26-03
State Gazette act
Appointment: Iris Van Crombruggen (non-statutory director)Resignation: Roland Van Crombruggen (non-statutory director) · Mandate compensation · Power of attorney9 facts ▸
State Gazette act
Appointment: Iris Van Crombruggen (non-statutory director)
Resignation: Roland Van Crombruggen (non-statutory director) · Mandate compensation · Power of attorney9 facts ▸
- General meeting, 02/02/2026
- Board meeting, 02/02/2026
- Director appointment, Iris Van Crombruggen (non-statutory director)
- Mandate compensation, Iris Van Crombruggen
- Director resignation, Roland Van Crombruggen (non-statutory director)
- Director appointment, Iris Van Crombruggen (day-to-day manager)
- Mandate compensation, Iris Van Crombruggen
- Director resignation, Roland Van Crombruggen (day-to-day manager)
- Power of attorney, Roland Van Crombruggen
2025
31-12
Financial
Highest result since 2020net €67k ▲61.6%
Net result €67k, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €90 ▼99.8%
Net result drops to €90, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Iris Van Crombruggen
CurrentNon-statutory director · since 02-02-2026
02-02-2026
Iris Van Crombruggen: Appointed as Non-statutory director
02-02-2026
Iris Van Crombruggen: Appointed as Day-to-day manager
01-02-2026
Roland Van Crombruggen: Resigned as Non-statutory director
01-02-2026
Roland Van Crombruggen: Resigned as Day-to-day manager
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wommelgem · 1 establishment unit since 2018
Ground area
1.1 ha
Building footprint
4,923 m²
Volume, LiDAR
40,450 m³
Parcel 11052C0214/00K000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
IMMO RICAP
since 20182.286.326.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0214/00K000 | Flanders | 1.1 ha | 1 · 4,923 m² | 11.4 m · 3 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.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 4,201 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
Founded06-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.