Immo Simon
ActiveSummary
Immo Simon has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5,252 and a net result of €5,884. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability60▲+30
Solvency26▲+1
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.8%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 14220 sector peers (2025).
NBB · sector comparisonPosition among 14220 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
27 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Turnover
€55,587
EBIT margin
44.8%
Net result
€5,884
2024 · -€6,857
Working capital
€32,916▼ 12.5%
2024 · €37,601
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€55,587
Operating result€6,832-€10,646▲ 55.8%€2,342▼ 78.0%€24,898▲ 963%
Net result€1,083-€142▼ 86.9%-€6,857€5,884
EBIT margin44.8%
Equity€6,083-€6,225▲ 2.3%-€632€5,252
Total assets€401,261-€385,977▼ 3.8%€703,226▲ 82.2%€681,254▼ 3.1%
Debt€395,178-€379,752▼ 3.9%€703,858▲ 85.3%€676,002▼ 4.0%
Working capital€59,541-€55,658▼ 6.5%€37,601▼ 32.4%€32,916▼ 12.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +82% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 963% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €679,675
Fixed assets
€609,128 ▼ 3.2%
Current assets
€70,547 ▼ 1.0%
Equity and liabilities €681,254
Equity
€5,252
Debt
€676,002
Debt finances 99.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€46,144▲
2024 · €13,349
Cash flow
€27,129▲
2024 · €4,150
Current ratio
1.87▼
2024 · 2.12
ROE
112.0%
ROA
0.9%▲
2024 · -1.0%
Interest coverage
2.43▲
2024 · 1.45
Debt ≤ 1 year
€37,631▲
2024 · €33,673
Debt > 1 year
€638,371▼
2024 · €670,185
A ratio outside any meaningful range has been withheld (balance sheet total €681,254, equity €5,252).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,513 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
1.3%
stopped otherwise
96%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 1,513 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
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €55,587 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €3,106 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,587 | €10,894 | €11,007 | €21,246 | ▲ 93.0% |
| Other operating charges640/8 | €933 | €270 | - | €6,337 | - |
| Gross operating margin9900 | €13,352 | €21,809 | €13,349 | €52,481 | ▲ 293% |
| Operating profit (loss)9901 | €6,832 | €10,646 | €2,342 | €24,898 | ▲ 963% |
| Financial charges65/66B | €5,749 | €10,504 | €9,199 | €19,015 | ▲ 107% |
| Recurring financial charges65 | €5,749 | €10,504 | €9,199 | €19,015 | ▲ 107% |
| Profit (loss) for the period before taxes9903 | €1,083 | €142 | -€6,857 | €5,884 | ▲ 186% |
| Income taxes67/77 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €1,083 | €142 | -€6,857 | €5,884 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €1,083 | €142 | -€6,857 | €5,884 | ▲ 186% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €401,261 | €385,977 | €703,226 | €681,254 | ▼ 3.1% |
| Formation expenses20 | €4,829 | €3,746 | €2,662 | €1,579 | ▼ 40.7% |
| Fixed assets21/28 | €319,024 | €309,213 | €629,290 | €609,128 | ▼ 3.2% |
| Tangible fixed assets22/27 | €319,024 | €309,213 | €629,290 | €609,128 | ▼ 3.2% |
| Land and buildings22 | €295,155 | €286,992 | €574,426 | €558,198 | ▼ 2.8% |
| Plant, machinery and equipment23 | €23,869 | €22,221 | €54,864 | €50,929 | ▼ 7.2% |
| Current assets29/58 | €77,408 | €73,017 | €71,274 | €70,547 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €69,797 | €70 | €69,678 | €0 | ▼ 100% |
| Trade receivables40 | €3,000 | €0 | €0 | €0 | - |
| Other amounts receivable41 | €66,797 | €70 | €69,678 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €7,055 | €72,947 | €1,596 | €70,547 | ▲ 4,322% |
| Deferred charges and accrued income490/1 | €556 | €0 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €401,261 | €385,977 | €703,226 | €681,254 | ▼ 3.1% |
| Equity10/15 | €6,083 | €6,225 | -€632 | €5,252 | ▲ 931% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €1,083 | €1,225 | -€5,632 | €252 | ▲ 104% |
| Amounts payable17/49 | €395,178 | €379,752 | €703,858 | €676,002 | ▼ 4.0% |
| Amounts payable after more than one year17 | €377,312 | €362,392 | €670,185 | €638,371 | ▼ 4.7% |
| Financial debts170/4 | €377,312 | €362,392 | €670,185 | €638,371 | ▼ 4.7% |
| Amounts payable within one year42/48 | €17,866 | €17,359 | €33,673 | €37,631 | ▲ 11.8% |
| Current portion of amounts payable after more than one year42 | €16,344 | €14,920 | €30,600 | €33,697 | ▲ 10.1% |
| Trade debts44 | €1,055 | €93 | €2,063 | €0 | ▼ 100% |
| Suppliers440/4 | €1,055 | €93 | €2,063 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €0 | €1,338 | €0 | €2,736 | - |
| Taxes450/3 | €0 | €1,338 | €0 | €2,736 | - |
| Other amounts payable47/48 | €467 | €1,009 | €1,009 | €1,197 | ▲ 18.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,083 | €142 | -€6,857 | €5,884 | ▲ 186% |
| + Depreciation and write-downs630 | €5,587 | €10,894 | €11,007 | €21,246 | ▲ 93.0% |
| Operating cash flow (approximation) | €6,670 | €11,036 | €4,150 | €27,129 | ▲ 554% |
| Investment in fixed assets (approximation) | - | -€1,084 | -€331,084 | -€1,084 | ▲ 99.7% |
| Change in cash | - | €65,892 | -€71,351 | €68,952 | ▲ 197% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €5,884
Net result €5,884 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet -€6,857
Net result drops to -€6,857, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Malmedy · 1 establishment unit since 2022
Ground area
7,559 m²
Parcel 63049B0425/00L003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Immo Simon
since 20222.332.902.260
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049B0425/00L003 | Wallonia | 7,559 m² | - | - |
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 12,042 companies in sector 68203 we hold annual accounts for 5,995. 1,005 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-04-2022
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
0208:0785282009
Also
9925:BE0785282009
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.