IMMO SED
ActiveSummary
The computed 12-month bankruptcy probability of IMMO SED is 4.9% (elevated). The 2025 annual accounts show negative equity (€-41k) and a net result of €7k. Equity remains stable across the filed fiscal years (±1.7% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability49▲+7
Solvency19▲+1
Growth58=
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.03 in 2024; short-term debt: 22.8% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
56 d late
2023
29 d late
2022
23 d late
2021
19 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€38k
EBIT margin
38.7%
Net result
€7k▲ 2,325%
2024 · €280
2021: €-46k
2022: €-10k
2023: €2k
2024: €280
2021 → 2025
Working capital
€-148k▲ 4.0%
2024 · €-154k
2021: €-147k
2022: €-156k
2023: €-154k
2024: €-154k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€38k
Equity€-41k-€-51k▼ 24.3%€-48k▲ 4.9%€-48k▲ 0.6%€-41k▲ 14.1%
Operating result€-37k-€3k€15k▲ 448%€12k▼ 18.5%€18k▲ 50.3%
Net result€-46k-€-10k▲ 78.4%€2k€280▼ 88.7%€7k▲ 2,325%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €701k
Fixed assets
€689k ▼ 2.9%
Current assets
€12k ▲ 120%
Key figures and ratios
EBITDA
€38k▲
2024 · €33k
Cash flow
€27k▲
2024 · €21k
Solvency
-5.9%▲
2024 · -6.7%
Current ratio
0.07▲
2024 · 0.03
Debt to equity
-17.96▼
2024 · -15.86
ROA
1.0%▲
2024 · 0.0%
Interest coverage
3.47▲
2024 · 2.80
Debt
€742k▼
2024 · €763k
Debt ≤ 1 year
€160k▲
2024 · €160k
Debt > 1 year
€582k▼
2024 · €603k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€715k€701k▼
Fixed assets21/28€710k€689k▼
Tangible fixed assets22/27€710k€689k▼
Land and buildings22€710k€689k▼
Current assets29/58€5k€12k▲
Amounts receivable within one year40/41€5k€11k▲
Trade receivables40-€368
Other amounts receivable41€5k€11k▲
Cash at bank and in hand54/58€637€458▼
Equity and liabilities
Total equity and liabilities10/49€715k€701k▼
Equity10/15€-48k€-41k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-53k€-46k▲
Amounts payable17/49€763k€742k▼
Amounts payable after more than one year17€603k€582k▼
Financial debts170/4€603k€582k▼
Amounts payable within one year42/48€160k€160k▲
Current portion of amounts payable after more than one year42€23k€23k=
Trade debts44€126€436▲
Suppliers440/4€126€436▲
Other amounts payable47/48€137k€137k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k=
Other operating charges640/8€0-
Gross operating margin9900€33k€38k▲
Operating profit (loss)9901€12k€18k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€280€7k▲
Profit (loss) for the period9904€280€7k▲
Profit (loss) for the period to be appropriated9905€280€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-53k€-46k▲
Profit (loss) brought forward from the previous period14P€-53k€-53k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €7k ▲2325%
Operating result €18k, net result €7k, both a record.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Sint-Jans-Molenbeek · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vanderdussenstraat 241080 Sint-Jans-MolenbeekGround area
199 m²
Building footprint
198 m²
Volume, LiDAR
2,613 m³
Parcel 21523B0742/00H013, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IMMO SED
since 20212.313.730.805
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0742/00H013 | Brussels | 199 m² | 1 · 198 m² | 16.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-02-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.