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IMMO SIDE

Active
Private limited companyfounded 20242 yrs activeGrand'Route(G-R) 199, 7530 Tournai, BelgiumKBO/BCE: BE 1011.630.915
Summary

IMMO SIDE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€48,818) and a net result of -€49,818. Its solvency ranks better than 13% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes
Profitability4
Solvency14
Growth-
Track record67
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2; short-term debt: 20.3% and cash: 4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-11.3%
Return on assets
-11.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
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 · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO SIDE was incorporated on 16 July 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€48,818
Total assets
€430,593
Net result
-€49,818
Working capital
-€70,178

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €430,593
Fixed assets €413,267
Current assets €17,326
Key figures and ratios
2025 value
EBITDA
-€15,332
Cash flow
-€33,085
Solvency
-11.3%
Current ratio
0.20
Debt to equity
-9.82
ROA
-11.6%
Interest coverage
-0.86
Debt
€479,411
Debt ≤ 1 year
€87,504
Debt > 1 year
€391,907

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% still going

A further 2.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 7,657 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 30 lines
Balance sheet Code2025
Assets
Total assets20/58€430,593
Fixed assets21/28€413,267
Tangible fixed assets22/27€413,267
Land and buildings22€413,267
Current assets29/58€17,326
Cash at bank and in hand54/58€17,326
Equity and liabilities
Total equity and liabilities10/49€430,593
Equity10/15-€48,818
Contributions10/11€1,000
Profit (loss) carried forward14-€49,818
Amounts payable17/49€479,411
Amounts payable after more than one year17€391,907
Financial debts170/4€391,907
Amounts payable within one year42/48€87,504
Current portion of amounts payable after more than one year42€15,312
Trade debts44€7,483
Suppliers440/4€7,483
Taxes, remuneration and social security45€2,559
Taxes450/3€2,559
Other amounts payable47/48€62,150
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,733
Other operating charges640/8€787
Gross operating margin9900-€14,545
Operating profit (loss)9901-€32,065
Financial charges65/66B€17,753
Recurring financial charges65€17,753
Profit (loss) for the period before taxes9903-€49,818
Profit (loss) for the period9904-€49,818
Profit (loss) for the period to be appropriated9905-€49,818
Appropriation of the result
Profit (loss) to be appropriated9906-€49,818

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,733
Other operating charges640/8€787
Gross operating margin9900-€14,545
Operating profit (loss)9901-€32,065
Financial charges65/66B€17,753
Recurring financial charges65€17,753
Profit (loss) for the period before taxes9903-€49,818
Profit (loss) for the period9904-€49,818
Profit (loss) for the period to be appropriated9905-€49,818
Line2025
Assets
Total assets20/58€430,593
Fixed assets21/28€413,267
Tangible fixed assets22/27€413,267
Land and buildings22€413,267
Current assets29/58€17,326
Cash at bank and in hand54/58€17,326
Equity and liabilities
Total equity and liabilities10/49€430,593
Equity10/15-€48,818
Contributions10/11€1,000
Profit (loss) carried forward14-€49,818
Amounts payable17/49€479,411
Amounts payable after more than one year17€391,907
Financial debts170/4€391,907
Amounts payable within one year42/48€87,504
Current portion of amounts payable after more than one year42€15,312
Trade debts44€7,483
Suppliers440/4€7,483
Taxes, remuneration and social security45€2,559
Taxes450/3€2,559
Other amounts payable47/48€62,150
Line2025
Profit (loss) for the period9904-€49,818
+ Depreciation and write-downs630€16,733
Operating cash flow (approximation)-€33,085

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Tournai · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
1,863 m²
Building footprint
764 m²
Volume, LiDAR
3,046 m³
Parcel 57033C0040/00S000, Wallonia · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IMMO SIDE
Grand'Route(G-R) 199, 7530 TournaiElectricity, gas, steam and air conditioning supply
since 20242.361.598.622
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57033C0040/00S000 Wallonia 1,863 m² 1 · 764 m² 5.2 m · 1 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-07-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID 0208:1011630915
Registered 07-08-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.