IMMO SADEMA
ActiveSummary
IMMO SADEMA has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €582k and a net result of €-66k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 41% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▲+7
Solvency54▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.07 in 2024; short-term debt: 43.5% and cash: 1% of total assets), and 70.9% of the assets are financed with debt.
Credit check for your own amount and term
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-66k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
61 d late
2023
30 d late
2022
18 d late
2021
31 d late
2020
61 d late
2019
91 d late
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-66k▼ 9.8%
2024 · €-60k
2018: €33k
2019: €12k▼ -64.0% vs 2018
2020: €16k▲ +38.2% vs 2019
2021: €92k▲ +463% vs 2020highest in 8 years
2022: €-11k▼ -113% vs 2021
2023: €-18k▼ -58.3% vs 2022
2024: €-60k▼ -231% vs 2023
2025: €-66k▼ -9.8% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-780k▼ 3.2%
2024 · €-756k
2018: €-264k
2019: €-263k▲ +0.2% vs 2018
2020: €-252k▲ +4.4% vs 2019
2021: €-14k▲ +94.5% vs 2020highest in 8 years
2022: €-27k▼ -95.0% vs 2021
2023: €-227k▼ -739% vs 2022
2024: €-756k▼ -233% vs 2023
2025: €-780k▼ -3.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€738k-€726k▼ 1.6%€708k▼ 2.5%€648k▼ 8.5%€582k▼ 10.2%
2021: €738khighest in 5 years
2022: €726k▼ -1.6% vs 2021
2023: €708k▼ -2.5% vs 2022
2024: €648k▼ -8.5% vs 2023
2025: €582k▼ -10.2% vs 2024lowest in 5 years
Operating result€141k-€6k▼ 96.0%€-8k€-40k▼ 415%€-45k▼ 11.5%
2021: €141khighest in 5 years
2022: €6k▼ -96.0% vs 2021
2023: €-8k▼ -239% vs 2022
2024: €-40k▼ -415% vs 2023
2025: €-45k▼ -11.5% vs 2024lowest in 5 years
Net result€92k-€-11k€-18k▼ 58.3%€-60k▼ 231%€-66k▼ 9.8%
2021: €92khighest in 5 years
2022: €-11k▼ -113% vs 2021
2023: €-18k▼ -58.3% vs 2022
2024: €-60k▼ -231% vs 2023
2025: €-66k▼ -9.8% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45k in 2025 against €40k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.00M
Fixed assets
€1.91M ▼ 3.3%
Current assets
€90k ▲ 56.0%
Equity and liabilities €2.00M
Equity
€582k ▼ 10.2%
Provisions
€24k ▼ 5.3%
Debt
€1.39M ▲ 2.6%
Debt's share of the balance-sheet total rises from 66.9% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▲
2024 · €24k
Cash flow
€23k▲
2024 · €3k
Current ratio
0.10▲
2024 · 0.07
Debt to equity
2.40▲
2024 · 2.10
ROE
-11.4%▼
2024 · -9.3%
ROA
-3.3%▼
2024 · -3.0%
Interest coverage
1.98▲
2024 · 1.12
Debt ≤ 1 year
€870k▲
2024 · €813k
Debt > 1 year
€525k▼
2024 · €547k
Income taxes
€397▲
2024 · €395
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.03M€2.00M▼
Fixed assets21/28€1.98M€1.91M▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€1.98M€1.91M▼
Land and buildings22€1.97M€1.91M▼
Furniture and vehicles24€1k€0▼
Current assets29/58€57k€90k▲
Amounts receivable within one year40/41€47k€68k▲
Trade receivables40€18k€42k▲
Other amounts receivable41€29k€26k▼
Cash at bank and in hand54/58€9k€20k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.03M€2.00M▼
Equity10/15€648k€582k▼
Contributions10/11€444k€444k=
Capital10€444k€444k=
Issued capital100€444k€444k=
Reserves13€204k€186k▼
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Tax-exempt reserves132€145k€141k▼
Distributable reserves133€14k€0▼
Profit (loss) carried forward14-€-48k
Provisions and deferred taxes16€25k€24k▼
Deferred taxes168€25k€24k▼
Amounts payable17/49€1.36M€1.39M▲
Amounts payable after more than one year17€547k€525k▼
Financial debts170/4€547k€525k▼
Amounts payable within one year42/48€813k€870k▲
Current portion of amounts payable after more than one year42€21k€21k▲
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€88k€6k▼
Suppliers440/4€88k€6k▼
Advances received on contracts in progress46€5k€2k▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€697k€838k▲
Accrued charges and deferred income492/3€182€180▼
Income statement
Code20242025
Non-recurring operating income76A-€35k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€89k▲
Other operating charges640/8€12k€18k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€35k€70k▲
Operating profit (loss)9901€-40k€-45k▼
Financial income75/76B€38€3▼
Recurring financial income75€38€3▼
Financial charges65/66B€21k€22k▲
Recurring financial charges65€21k€22k▲
Profit (loss) for the period before taxes9903€-61k€-67k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€395€397▲
Profit (loss) for the period9904€-60k€-66k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-56k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-56k€-62k▼
Transfer from equity791/2€56k€14k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (16 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 | €106k | €0 | - | - | €35k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32k | €34k | €32k | €64k | €89k | ▲ 39.6% |
| Other operating charges640/8 | €11k | €10k | €12k | €12k | €18k | ▲ 58.9% |
| Non-recurring operating charges66A | - | - | - | - | €7k | - |
| Gross operating margin9900 | €184k | €50k | €36k | €35k | €70k | ▲ 99.2% |
| Operating profit (loss)9901 | €141k | €6k | €-8k | €-40k | €-45k | ▼ 11.5% |
| Financial income75/76B | €0 | €0 | €11 | €38 | €3 | ▼ 91.9% |
| Recurring financial income75 | €0 | €0 | €11 | €38 | €3 | ▼ 91.9% |
| Financial charges65/66B | €19k | €17k | €10k | €21k | €22k | ▲ 5.8% |
| Recurring financial charges65 | €19k | €17k | €10k | €21k | €22k | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €123k | €-11k | €-18k | €-61k | €-67k | ▼ 9.6% |
| Transfer from deferred taxes780 | - | - | - | €1k | €1k | = |
| Transfer to deferred taxes680 | €27k | €0 | - | - | - | - |
| Income taxes67/77 | €5k | €361 | €382 | €395 | €397 | ▲ 0.5% |
| Profit (loss) for the period9904 | €92k | €-11k | €-18k | €-60k | €-66k | ▼ 9.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €4k | €4k | = |
| Transfer to tax-exempt reserves689 | €80k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €12k | €-11k | €-18k | €-56k | €-62k | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.28M | €1.68M | €2.03M | €2.00M | ▼ 1.6% |
| Fixed assets21/28 | €822k | €803k | €1.38M | €1.98M | €1.91M | ▼ 3.3% |
| Intangible fixed assets21 | - | - | €435k | €0 | - | - |
| Tangible fixed assets22/27 | €822k | €803k | €946k | €1.98M | €1.91M | ▼ 3.3% |
| Land and buildings22 | €816k | €798k | €943k | €1.97M | €1.91M | ▼ 3.2% |
| Furniture and vehicles24 | €6k | €4k | €3k | €1k | €0 | ▼ 100% |
| Current assets29/58 | €499k | €477k | €300k | €57k | €90k | ▲ 56.0% |
| Amounts receivable within one year40/41 | €26k | €33k | €59k | €47k | €68k | ▲ 45.3% |
| Trade receivables40 | €6k | €9k | €51k | €18k | €42k | ▲ 133% |
| Other amounts receivable41 | €19k | €24k | €8k | €29k | €26k | ▼ 8.9% |
| Cash at bank and in hand54/58 | €471k | €441k | €239k | €9k | €20k | ▲ 124% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €2k | €2k | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.28M | €1.68M | €2.03M | €2.00M | ▼ 1.6% |
| Equity10/15 | €738k | €726k | €708k | €648k | €582k | ▼ 10.2% |
| Contributions10/11 | €444k | €444k | €444k | €444k | €444k | = |
| Capital10 | €444k | €444k | €444k | €444k | €444k | = |
| Issued capital100 | €444k | €444k | €444k | €444k | €444k | = |
| Reserves13 | €294k | €282k | €264k | €204k | €186k | ▼ 8.9% |
| Non-distributable reserves130/1 | €44k | €44k | €44k | €44k | €44k | = |
| Legal reserve130 | €44k | €44k | €44k | €44k | €44k | = |
| Tax-exempt reserves132 | €149k | €149k | €149k | €145k | €141k | ▼ 2.7% |
| Distributable reserves133 | €100k | €89k | €70k | €14k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | - | €-48k | - |
| Provisions and deferred taxes16 | €27k | €27k | €27k | €25k | €24k | ▼ 5.3% |
| Deferred taxes168 | €27k | €27k | €27k | €25k | €24k | ▼ 5.3% |
| Amounts payable17/49 | €557k | €527k | €947k | €1.36M | €1.39M | ▲ 2.6% |
| Amounts payable after more than one year17 | €29k | €9k | €419k | €547k | €525k | ▼ 3.9% |
| Financial debts170/4 | €29k | €9k | €419k | €547k | €525k | ▼ 3.9% |
| Amounts payable within one year42/48 | €513k | €504k | €528k | €813k | €870k | ▲ 6.9% |
| Current portion of amounts payable after more than one year42 | €22k | €20k | €23k | €21k | €21k | ▲ 3.9% |
| Financial debts43 | - | - | - | - | €6 | - |
| Credit institutions430/8 | - | - | - | - | €6 | - |
| Trade debts44 | €683 | €3k | €22k | €88k | €6k | ▼ 93.5% |
| Suppliers440/4 | €683 | €3k | €22k | €88k | €6k | ▼ 93.5% |
| Advances received on contracts in progress46 | €714 | €247 | €0 | €5k | €2k | ▼ 63.4% |
| Taxes, remuneration and social security45 | €757 | €757 | €757 | €1k | €2k | ▲ 69.3% |
| Taxes450/3 | €757 | €757 | €757 | €1k | €2k | ▲ 69.3% |
| Other amounts payable47/48 | €489k | €480k | €481k | €697k | €838k | ▲ 20.2% |
| Accrued charges and deferred income492/3 | €15k | €14k | €182 | €182 | €180 | ▼ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92k | €-11k | €-18k | €-60k | €-66k | ▼ 9.8% |
| + Depreciation and write-downs630 | €32k | €34k | €32k | €64k | €89k | ▲ 39.6% |
| Operating cash flow (approximation) | €124k | €23k | €14k | €3k | €23k | ▲ 560% |
| Investment in fixed assets (approximation) | - | €-15k | €-610k | €-658k | €-24k | ▲ 96.3% |
| Change in cash | - | €-29k | €-203k | €-230k | €11k | ▲ 105% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-66k
Net result drops to €-66k, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €92k ▲463%
Operating result €141k, net result €92k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Nieuwpoort · 1 establishment unit since 1992
Ground area
636 m²
Building footprint
105 m²
Volume, LiDAR
1,619 m³
Parcel 38402D0118/00D000, Flanders · tallest building 17.9 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Lefebvrestraat 7, 8620 Nieuwpoort
since 19922.057.296.259
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0118/00D000 | Flanders | 636 m² | 1 · 105 m² | 17.9 m · 6 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 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,421 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
Founded31-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.