Immo SEd
ActiveSummary
Immo SEd has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €481,937 and a net result of €16,580. Equity has been growing by about 10% per year since 2023. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-08-2023 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.348.939.231 1330 Rixensart, since 02-08-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €148,965
- ▼ 19.9%
- Turnover
- ≈ €380,000
- estimated
- Profit
- €16,580
- ▼ 79.2%
- Equity
- €481,937
- ▲ 3.6%
- Total assets
- €1.2m
- ▼ 3.4%
Score breakdownraises riskFounded in 2023lowers riskSize: total assets €1.2mNo main activity registeredFigures for financial year 2025 (filed on 27-05-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 39% of them on solvency, 15% on liquidity, 40% on profitability and 58% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 12 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 27-05-2026 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is 45% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €132,273 | €15,118 | €40,722 |
| Depreciation and write-downs of the year | €35,094 | €72,703 | €76,551 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | €1,578 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,094 | €72,703 | €76,551 | ▲ 5.3% |
| Other operating charges640/8 | €23,958 | €25,236 | €23,711 | ▼ 6.0% |
| Gross operating margin9900 | €155,332 | €185,901 | €148,965 | ▼ 19.9% |
| Operating profit (loss)9901 | €96,279 | €87,963 | €48,703 | ▼ 44.6% |
| Financial income75/76B | €37,808 | €49,653 | €2,005 | ▼ 96.0% |
| Recurring financial income75 | €37,808 | €49,653 | €2,005 | ▼ 96.0% |
| Financial charges65/66B | €69,100 | €22,059 | €25,666 | ▲ 16.4% |
| Recurring financial charges65 | €69,100 | €22,059 | €25,666 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | €64,988 | €115,557 | €25,042 | ▼ 78.3% |
| Income taxes67/77 | €2,697 | €35,693 | €8,462 | ▼ 76.3% |
| Profit (loss) for the period9904 | €62,291 | €79,864 | €16,580 | ▼ 79.2% |
| Profit (loss) for the period to be appropriated9905 | €62,291 | €79,864 | €16,580 | ▼ 79.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.7m | €1.2m | €1.2m | ▼ 3.4% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | ▼ 3.6% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | ▼ 3.6% |
| Land and buildings22 | €1.1m | €1.0m | €1.0m | ▼ 3.6% |
| Current assets29/58 | €0.7m | €0.2m | €0.2m | ▼ 2.7% |
| Amounts receivable within one year40/41 | €0.03m | - | €0.002m | - |
| Other amounts receivable41 | €0.03m | - | €0.002m | - |
| Current investments50/53 | €0.5m | - | €0.1m | - |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.07m | ▼ 68.8% |
| Deferred charges and accrued income490/1 | €127 | €0.001m | €0.001m | ▲ 1.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.7m | €1.2m | €1.2m | ▼ 3.4% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | ▲ 3.6% |
| Contributions10/11 | €0.03m | €0.03m | €0.03m | = |
| Reserves13 | €0.2m | €0.3m | €0.3m | ▲ 5.2% |
| Distributable reserves133 | €0.2m | €0.3m | €0.3m | ▲ 5.2% |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.1m | = |
| Amounts payable17/49 | €1.4m | €0.8m | €0.7m | ▼ 7.7% |
| Amounts payable within one year42/48 | €1.4m | €0.8m | €0.7m | ▼ 7.6% |
| Trade debts44 | €0.005m | €0.01m | €0.005m | ▼ 65.8% |
| Suppliers440/4 | €0.005m | €0.01m | €0.005m | ▼ 65.8% |
| Taxes, remuneration and social security45 | €0.03m | €0.02m | €0.02m | = |
| Taxes450/3 | €0.03m | €0.02m | €0.02m | = |
| Other amounts payable47/48 | €1.3m | €0.7m | €0.7m | ▼ 6.7% |
| Accrued charges and deferred income492/3 | - | €0.003m | €0.002m | ▼ 31.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,291 | €79,864 | €16,580 | ▼ 79.2% |
| + Depreciation and write-downs630 | €35,094 | €72,703 | €76,551 | ▲ 5.3% |
| Operating cash flow (approximation) | €97,385 | €152,567 | €93,130 | ▼ 39.0% |
| Investment in fixed assets (approximation) | - | -€15,118 | -€40,722 | ▼ 169% |
| Change in cash | - | €52,968 | -€156,317 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 501 companies had the same profile as Immo SEd has now. Two years later, 96.2% were still going and 0.6% had gone bankrupt.
- Small
- 2 to 5 years old
- 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 SEd itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 501 companies, not a prediction for Immo SEd. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- COMPAGNIE DU TILLEUL (BE 0885.527.252) transfert_partie_patrimoine_par_scission
- GAUTHIER Edouard 16,896 shares · €10,000
Capital transactions
- 29-08-2023 Incorporation · €323,202.63
- 17-08-2023 Incorporation · 8,448 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Droit égal dans la répartition des bénéfices, 25344”
Articles of association, deed of 17-08-2023 (in French)
Network & group
Acquisitions and mergers
1 transactionCompanies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Immo SEd. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-08
Gazette deed
MiscellaneousStarting capital €323,202.63 · Incorporation · Correction5 points ▸
- Incorporation, 02-08-2023
- Other provision, 09-08-2023
- Correction, “capitaux propres de départ”, EUR (deed in French)
- Founding capital, €323,202.63
- Other provision, “1330 Rixensart,avenue des Acacias,32, adoption des statuts” (deed in French)
17-08
Gazette deed
IncorporationDemerger: COMPAGNIE DU TILLEUL splits off to Immo SEd · Appointment: BAELE Sophie (director) · Power of attorney45 points ▸
- Demerger, “1 action COMPAGNIE DU TILLEUL contre 1 action Immo SEd”, 8448 (deed in French)
- Demerger, “1 action COMPAGNIE DU TILLEUL contre 1 action Jenawi Invest”, 8448 (deed in French)
- Demerger, “1 action COMPAGNIE DU TILLEUL contre 1 action Himotep”, 8448 (deed in French)
- Demerger, “1 action COMPAGNIE DU TILLEUL contre 1 action Ancienne Brasserie du Château d'Or”, 8448 (deed in French)
- Power of attorney, VANDERLINDEN Françoise Lucienne Louise Nicole
- Power of attorney, BAELE Sophie
- Power of attorney, BAELE Jean-François
- Accounting effect, 01-01-2023
- Other provision, “documents préalables et renonciation rapports scission, rapports scission articles 12:77 et 12:78 concernant société scindée” (deed in French)
- Auditor report, EUR, “article 5:7” (deed in French)
- Auditor report, “apport en nature, modes conduisent a valeur des apports” (deed in French)
- Auditor report, “valeur comptable actif passif comptes societe scindee, ventile postes ad hoc fonds propres” (deed in French)
- The act holds 33 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25091C0144/00C000 | Wallonia | 1,200 m² | 1 · 179 m² | 7.3 m · 2 |