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IMMO ROYALE

Active Private limited company (pre-2019)founded 2002active for 24 yearsJetsesteenweg 119, 1081 KoekelbergKBO/BCE: BE 0477.093.213 #9 oldest company in Koekelberg, Administrative and support services sector

Lifetime

19 annual accounts with figures on one time axis, 23 filings since 2003
peak €159,559 (2022)
€12,057▲ 533%
lowest -€165,883 (2007)
€8,517▲ €9,007
peak €142,925 (2025)
€142,925▲ 6.3%
€36,117▲ 2.1%
Board1 name since 2021
1 directorPascal FLAMME
Owners
  
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €1,905 to €12,057Back to profit: €8,517Cash from €211 to €3,276

Key points

from the 2025 annual accounts

Turnover

≈ €65,000 estimated

The accounts state no turnover.

Filings

23 annual accounts since 2003
AprilJune31 JulyOctober20102020

Nine of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.

Checked score

89
Excellent
Financially stronger than 49% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.7%▼ -0.6 percentage points vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 1.2%▲ +0.5 percentage points vs 07-2026 09-2026: 0.2%▼ -1.0 percentage point vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value 11-2026: 0.2%● unchanged vs 10-2026lowest value

Financial strength
Strong

100=equity 79.8% of total assets
46+3short-term debt 20.2% · cash 1.8%
49+12return on assets 4.8%

Score breakdown

raises risk
Size: total assets €179,042
Liquidity: current ratio 4.96, cash €3,276
lowers risk
Founded in 2002
Sector: Office administrative, office support and other business support activities (NACE 82)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 88% of them on solvency, 30% on liquidity, 26% on profitability and 52% on growth.

The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as IMMO ROYALE has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of IMMO ROYALE itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,041 companies, not a prediction for IMMO ROYALE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €12,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 4.96 (4.81 in 2024), above the usual 1.5. Short-term debt is 20.2% and cash 1.8% of total assets. 20.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Size: total assets €179,042
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 4.96, cash €3,276
NBB · annual accounts
lowers risk · Founded in 2002
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
29 days late
2024
28 days late
2023
30 days late
2022
31 days late
2021
8 days late
2020
30 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

PF
Pascal FLAMME
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0477093213
Registered office moved to Koekelberg New registered office: Chaussée de Jette, 119 à 1081 Koekelberg · Board meeting of 04-02-2021 · Gazette deed
First establishment Jetsesteenweg 119, Koekelberg
Incorporation published on 27-03-2002 · Gazette deed
All 35 events

Comparable companies

same main activity, similar in size and age
Company
IMMO ROYALE Koekelberg €179,042 €12,057 79.8% -
DOCTENA AFSPRAKEN Brussels €193,678 €14,492 -290.5% -
HYPERNOVAE Sint-Gillis (bij-Brussel) €263,367 €10,786 70.3% -
CHATIN Forest €168,338 €18,949 84.1% -
REDITI Auderghem €134,291 €9,556 -12.4% -
EUROMATAX CONSULTANTS Schaerbeek €111,110 €10,363 90.5% -
GEST-FISCO Ixelles €101,259 €12,474 18.9% -

These companies have the same main activity as IMMO ROYALE: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €101,000 and €263,000, founded between 1995 and 2004.

Official details

Source: KBO
Status
Active since 14-03-2002Normal situation
Registered office
16 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
Activity
Office administrative and support servicesNACE 82100and 6 others
Establishment unit
2.115.162.9941081 Koekelberg, since 27-11-2002
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€179,042▲ 5.4%
Filing
Filed on 29-08-2026
Financials

Insights on IMMO ROYALE

IMMO ROYALE files the micro format. That format states no turnover. The gross margin rose from €1,578 in 2007 to €12,057 in 2025.

The balance sheet grew most from 2015 to 2017 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about IMMO ROYALE

What is the company number of IMMO ROYALE?
The company number of IMMO ROYALE is 0477.093.213. The VAT number is the same number with BE in front: BE 0477.093.213.
Where is IMMO ROYALE based?
The registered office is at Jetsesteenweg 119, 1081 Koekelberg.Company details
What does IMMO ROYALE do?
According to the KBO register, the main activity is office administrative and support services (NACE 82100).
What is the legal form of IMMO ROYALE?
IMMO ROYALE is a private limited company (pre-2019) (BVBA).
When was IMMO ROYALE founded?
IMMO ROYALE was founded on 14-03-2002.
Is IMMO ROYALE still active?
Yes, IMMO ROYALE is an active enterprise in the KBO register.
What is the turnover of IMMO ROYALE?
The turnover in financial year 2025 is ≈ €65,000. This figure is estimated from the gross margin of €12,057 and 44 comparable companies (NACE 82100). It probably lies between €39,000 and €110,000. It is a rough estimate.Financials
Is IMMO ROYALE profitable?
In financial year 2025, IMMO ROYALE made a profit of €8,517.
Where can I find the annual accounts of IMMO ROYALE?
IMMO ROYALE filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IMMO ROYALE due?
IMMO ROYALE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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