IMMO SAPI
ActiveSummary
The computed 12-month bankruptcy probability of IMMO SAPI is 2.1% (moderate). The 2025 annual accounts show equity of €1.1m and a net result of €1.2m. Equity is shrinking by about 60% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €1.1m
- Profit
- €1.2m
Why 55raises riskLiquidity: current ratio 0.14, cash €21 change of registered office in 24 monthsLast filed accounts filed 40 days late; 1 of the last 3 latelowers riskSize: total assets €1.9mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 47% on solvency, 16% on liquidity, 90% on profitability and 99% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €1.2m
- Equity above €1mequity €1.1m
Financials · financial year 2025, micro format
2025 annual accounts filed late (39 days) Filed on 11 March 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00052425.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 710 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.07m | €0.08m | €0.08m | €0.09m | €0.05m | €0.2m | ▲ 317% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 9.0% |
| Gross operating margin9900 | €0.06m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €1.8m | ▲ 26× |
| Operating profit (loss)9901 | -€0.02m | -€0.01m | -€0.02m | -€0.03m | -€0.02m | €0.002m | €1.5m | ▲ 710× |
| Financial charges65/66B | - | - | - | €0.01m | €0.02m | €0.03m | €0.006m | ▼ 75.1% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.03m | €0.006m | ▼ 75.1% |
| Profit (loss) for the period before taxes9903 | -€0.04m | -€0.03m | -€0.04m | -€0.04m | -€0.05m | -€0.02m | €1.5m | - |
| Income taxes67/77 | - | - | - | - | - | - | €0.4m | - |
| Profit (loss) for the period9904 | -€0.04m | -€0.03m | -€0.04m | -€0.04m | -€0.05m | -€0.02m | €1.2m | - |
| Profit (loss) for the period to be appropriated9905 | -€0.04m | -€0.03m | -€0.04m | -€0.04m | -€0.05m | -€0.02m | €1.2m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €1.9m | ▲ 101% |
| Formation expenses20 | - | - | - | €0 | - | - | - | - |
| Fixed assets21/28 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | €1.8m | ▲ 99.9% |
| Tangible fixed assets22/27 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | €0.9m | €1.8m | ▲ 99.9% |
| Land and buildings22 | - | - | - | €1.0m | €1.0m | €0.9m | €1.8m | ▲ 99.9% |
| Current assets29/58 | €0.001m | €0.007m | €0.01m | €0.02m | €0.03m | €0.06m | €0.1m | ▲ 112% |
| Amounts receivable within one year40/41 | €0.001m | €0.007m | €0.01m | €0.02m | €0.03m | €0.06m | €0.1m | ▲ 115% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.06m | €0.1m | ▲ 115% |
| Current investments50/53 | - | - | - | - | €0.001m | €0.001m | - | - |
| Cash at bank and in hand54/58 | - | - | - | - | - | - | €2 | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €1.9m | ▲ 101% |
| Equity10/15 | €0.06m | €0.03m | -€0.009m | -€0.05m | -€0.09m | -€0.1m | €1.1m | - |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | - | €0.02m | - | - | - | - |
| Issued capital100 | - | - | - | €0.02m | - | - | - | - |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.04m | €0.007m | -€0.03m | -€0.07m | -€0.1m | -€0.1m | €1.0m | - |
| Amounts payable17/49 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | €0.9m | ▼ 19.1% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | - | - |
| Financial debts170/4 | - | - | - | €0.4m | €0.3m | €0.3m | - | - |
| Amounts payable within one year42/48 | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | €0.8m | €0.9m | ▲ 13.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | - | - |
| Financial debts43 | - | - | - | €0.006m | €0.007m | €0.007m | - | - |
| Credit institutions430/8 | - | - | - | €0.006m | €0.007m | €0.007m | - | - |
| Trade debts44 | - | - | €0.001m | €55 | €55 | €0.001m | €0.05m | ▲ 38× |
| Suppliers440/4 | - | - | - | €55 | €55 | €0.001m | €0.05m | ▲ 38× |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.4m | - |
| Taxes450/3 | - | - | - | - | - | - | €0.4m | - |
| Other amounts payable47/48 | - | - | - | €0.7m | €0.7m | €0.7m | €0.5m | ▼ 36.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.04m | -€0.03m | -€0.04m | -€0.04m | -€0.05m | -€0.02m | €1.2m | - |
| + Depreciation and write-downs630 | €0.07m | €0.07m | €0.08m | €0.08m | €0.09m | €0.05m | €0.2m | ▲ 317% |
| Operating cash flow (approximation) | €0.03m | €0.04m | €0.05m | €0.05m | €0.04m | €0.03m | €1.4m | ▲ 47× |
| Investment in fixed assets (approximation) | - | -€0.05m | -€0.09m | -€0.03m | -€0.02m | €0 | -€1.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 11-03-2026 | 2026-00052425 |
| 30-06-2024 | micro format | 04-02-2025 | 2025-00029024 |
| 30-06-2023 | micro format | 12-02-2024 | 2024-00029060 |
| 30-06-2022 | micro format | 24-01-2023 | 2023-00003229 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-02900031 |
| 30-06-2020 | micro format | 31-01-2021 | 2021-03100324 |
| 30-06-2019 | micro format | 31-01-2020 | 2020-02800138 |
| 30-06-2018 | full format | 31-01-2019 | 2019-02800541 |
| 30-06-2017 | full format | 30-01-2018 | 2018-02700236 |
| 30-06-2016 | full format | 30-01-2017 | 2017-02400326 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| NZAKIMUENA Sabrina Martine |
|
Owners and capital
Capital and shareholders
- 07-03-2024 Converted to unavailable equity · €20,405
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-12
Gazette deed
Registered officeRegistered office clause · Registered-office move3 facts ▸
- Registered office clause, “Route Gouvernementale 45 - 1150 Woluwe-Saint-Pierre” (deed in French)
- Board meeting, 03-09-2024
- Registered-office move, 1300 Wavre, chemin de la Ferme des Morts nº 8
07-03
Gazette deed
Appointment: NZAKIMUENA Sabrina Martine (director)Amendment of the articles · Capital conversion · Declaration9 facts ▸
- General meeting, 04-03-2024
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “supprimer, rendre ces fonds disponibles pour distribution” (deed in French)
- Declaration, “information sur distribution et double test, faire appel à un professionnel du chiffre pour réaliser ce double test” (deed in French)
- Declaration, “remboursement de fonds propres conditionné, remboursement de fonds propres” (deed in French)
- Director appointment, NZAKIMUENA Sabrina Martine (director)
- Power of attorney
- Other provision, “votes, toutes les résolutions qui précèdent adoptées à l'unanimité des voix” (deed in French)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25055D0448/00C000 | Wallonia | 1.3 ha | 1 · 250 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Elle peut constituer,développer et gérer un patrimoine mobilier et faire toutes opérations mobilières quelconques y compris celles se…” (deed in French)
12 activities (deed in French)
- Elle peut constituer,développer et gérer un patrimoine mobilier et faire toutes opérations mobilières quelconques y compris celles se rapportant à tous droits mobiliers comme l'acquisition par voie d'inscription ou de cession et la gestion d'actions,de parts sociales,d'obligations convertibles ou non,de prêts de consommation,de prêts ordinaires,de bons de caisse ou autres valeurs mobilières,de quelque forme que ce soit,tant de personnes morales que d'entreprises,belges ou étrangères,existantes ou encore à constituer.
- La société pourra exercer tout mandat généralement quelconque ainsi que toute fonction autorisée dans toute personne morale belge ou étrangère en ce compris la fonction d'administrateur,de délégué à la gestion journalière,de gérant et de liquidateur.Ce mandat pourra être rémunéré ou gratuit.
- La société peut,par voie d'apport en espèces ou en nature,de fusion,de souscription,de participation,d'intervention financière ou autrement,prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer,que ce soit en Belgique ou à l'étranger,dont l'objet social serait semblable ou analogue au sien ou de nature à favoriser son objet social.
- Elle peut également consentir tous prêts ou garantir tous prêts consentis par des tiers,étant entendu que la société n'effectuera aucune activité dont l'exercice serait soumis à des dispositions légales ou réglementaires applicables aux établissements de crédits et/ou financiers.
- Elle peut faire toutes opérations se rapportant directement ou indirectement au management en général,et plus précisément,sans que cette énumération ne soit limitative:la création de sociétés holding ou d'exploitation,toutes activités d'études et de conseils,toutes prestations de services,tous travaux d'administration,de gestion,tant auprès des entreprises que des particuliers.
- Elle peut octroyer des conseils et assister en toutes matières à des entreprises et à l'administration et la gestion d'entreprises.
- Elle peut faire toutes opérations commerciales,industrielles et financières,immobilières et mobilières,se rapportant directement ou indirectement à son objet social ou susceptibles de favoriser son développement,à l'exception des opérations sur valeurs mobilières et immobilières réservées par la loi aux banques et aux sociétés de bourse.
- Elle peut constituer,développer,promouvoir et gérer un patrimoine immobilier,et réaliser toute opération immobilière et foncière quelconque,y compris celles se rapportant à tous droits réels immobiliers comme,entre autres,l'emphytéose,la superficie ou encore le leasing immobilier,le tout dans son acceptation la plus large et notamment:l'acquisition,l'aliénation,l'acte de grever,l'échange,la rénovation,la transformation,l'aménagement,l'entretien,le lotissement,la prospection,l'exploitation,la préparation pour construire,la location(donner ou prendre à bail),la sous-location,la mise à disposition,la gestion et la gérance,dans le sens le plus large,en nom propre et au nom de tiers d'immeubles et de droits réels immobiliers,sans que cette énumération soit limitative,et de biens meubles concernant l'aménagement et l'équipement d'immeubles,sans que cette énumération soit limitative,l'exploitation de commerces et/ou immeubles et droits réels immobiliers,ainsi que tous les actes ayant un rapport direct ou indirect avec cet objet social ou qui seraient de nature à favoriser directement ou indirectement le rendement de biens meubles et immeubles.
- La société peut mettre gratuitement des biens immobiliers à disposition de ses gérants et leur famille en tant que rémunération des prestations fournies à la société.
- Elle peut hypothéquer ses immeubles et mettre en gage tous ses autres biens y compris son fonds de commerce.
- Elle peut également-en fonction de ses intérêts propres-se porter caution ou accorder son aval pour tous prêts ou engagements quelconques tant pour elle-même que pour tous tiers-particuliers,y compris les gérants,les associés,le personnel et les préposés de la société.
- Elle peut se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IMMO SAPI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, 5” (deed in French)“100, rémunération des apports” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of December at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modification des statuts, assemblée générale” (deed in French)