IMMO-SPHERE
ActiveSummary
IMMO-SPHERE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€382,520) and a net result of -€6,572. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 13% of 4813 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-12
Solvency20▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.98 against 0.94 in 2023; short-term debt: 101.7% and cash: 6.5% 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
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 2024Solvency, return and age of the figures
Solvency
-5.1%
Return on assets
-0.1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€382,520
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
26 d late
2022
60 d late
2021
5 d late
2020
8 d early
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 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 (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#1 company by total assets in Enghien, Real estate sector
Turnover
€2.6m
EBIT margin
-8.8%
Net result
-€6,572
2023 · €246,371
Working capital
-€153,874▲ 61.2%
2023 · -€396,896
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
Line20202021202220232024
Turnover
Operating result-€12,772▲ 87.7%€680,352-€392,810€513,202€425,460▼ 17.1%
Net result-€72,455▲ 49.7%€548,149-€479,503€246,371-€6,572
EBIT margin
Equity-€690,964▼ 11.7%-€142,816▲ 79.3%-€622,319▼ 336%-€375,948▲ 39.6%-€382,520▼ 1.7%
Total assets€3.4m▲ 65.1%€3.7m▲ 6.3%€4.4m▲ 20.2%€6.8m▲ 53.5%€7.6m▲ 11.7%
Debt€4.1m▲ 52.9%€3.8m▼ 8.0%€5.0m▲ 32.0%€7.1m▲ 42.0%€7.9m▲ 11.2%
Working capital-€198,328▼ 72.4%€608,523-€21,400-€396,896▼ 1,755%-€153,874▲ 61.2%
Staff (FTE)0.70.9▲ 28.6%1▲ 11.1%1=
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 17% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.6m
Fixed assets
€22,736 ▼ 18.2%
Current assets
€7.5m ▲ 11.9%
Key figures and ratios
EBITDA
€432,644▼
2023 · €520,751
Cash flow
€613▼
2023 · €253,920
Solvency
-5.1%▲
2023 · -5.6%
Current ratio
0.98▲
2023 · 0.94
Quick ratio
0.17▲
2023 · 0.12
Debt to equity
-20.76▼
2023 · -18.99
ROA
-0.1%▼
2023 · 3.6%
Interest coverage
1.00▼
2023 · 1.86
Debt ≤ 1 year
€7.7m▲
2023 · €7.1m
Debt > 1 year
€250,779▲
2023 · €5,916
Income taxes
€353▼
2023 · €360
Staff costs
€115,606=
2023 · €115,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €23,068 | €94,003 | €115,560 | €115,606 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,787 | €3,244 | €9,485 | €7,549 | €7,184 | ▼ 4.8% |
| Other operating charges640/8 | - | €37,349 | €918 | €960 | €1,615 | ▲ 68.2% |
| Gross operating margin9900 | -€9,117 | €744,012 | -€288,404 | €637,271 | €549,865 | ▼ 13.7% |
| Operating profit (loss)9901 | -€12,772 | €680,352 | -€392,810 | €513,202 | €425,460 | ▼ 17.1% |
| Financial income75/76B | - | €1,822 | €10,525 | €13,632 | - | - |
| Recurring financial income75 | €5,001 | €1,822 | €10,525 | €13,632 | - | - |
| Financial charges65/66B | - | €134,025 | €96,890 | €280,103 | €431,679 | ▲ 54.1% |
| Recurring financial charges65 | €64,684 | €84,025 | €96,890 | €280,103 | €431,679 | ▲ 54.1% |
| Non-recurring financial charges66B | - | €50,000 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€72,455 | €548,149 | -€479,175 | €246,731 | -€6,219 | ▼ 103% |
| Income taxes67/77 | - | - | €328 | €360 | €353 | ▼ 2.0% |
| Profit (loss) for the period9904 | -€72,455 | €548,149 | -€479,503 | €246,371 | -€6,572 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€72,455 | €548,149 | -€479,503 | €246,371 | -€6,572 | ▼ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.7m | €4.4m | €6.8m | €7.6m | ▲ 11.7% |
| Fixed assets21/28 | €16,037 | €16,084 | €39,166 | €27,803 | €22,736 | ▼ 18.2% |
| Intangible fixed assets21 | - | €676 | €516 | €1,624 | €1,194 | ▼ 26.5% |
| Tangible fixed assets22/27 | €10,937 | €10,308 | €31,319 | €18,848 | €13,231 | ▼ 29.8% |
| Plant, machinery and equipment23 | - | €2,765 | €2,552 | €1,023 | €1,185 | ▲ 15.8% |
| Furniture and vehicles24 | - | €7,543 | €28,767 | €17,825 | €12,046 | ▼ 32.4% |
| Financial fixed assets28 | €5,100 | €5,100 | €7,330 | €7,330 | €8,310 | ▲ 13.4% |
| Current assets29/58 | €3.4m | €3.6m | €4.4m | €6.7m | €7.5m | ▲ 11.9% |
| Amounts receivable after more than one year29 | - | - | €996,500 | €386,174 | €386,174 | = |
| Other amounts receivable291 | - | - | €996,500 | €386,174 | €386,174 | = |
| Stocks and contracts in progress3 | €2.7m | €1.4m | €2.8m | €5.9m | €6.3m | ▲ 6.0% |
| Stocks30/36 | - | €1.4m | €2.8m | €5.9m | €6.3m | ▲ 6.0% |
| Amounts receivable within one year40/41 | €377,577 | €1.3m | €133,940 | €277,739 | €328,232 | ▲ 18.2% |
| Trade receivables40 | - | €1.3m | €89,718 | €265,586 | €328,232 | ▲ 23.6% |
| Other amounts receivable41 | - | €26,922 | €44,222 | €12,153 | - | - |
| Current investments50/53 | €50,000 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €321,644 | €969,611 | €415,903 | €165,147 | €488,432 | ▲ 196% |
| Deferred charges and accrued income490/1 | - | €3,001 | €15,433 | €6,143 | €76,699 | ▲ 1,149% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.7m | €4.4m | €6.8m | €7.6m | ▲ 11.7% |
| Equity10/15 | -€690,964 | -€142,816 | -€622,319 | -€375,948 | -€382,520 | ▼ 1.7% |
| Contributions10/11 | - | €25,000 | €25,000 | €27,500 | €27,500 | = |
| Reserves13 | €2,500 | €2,500 | €2,500 | - | - | - |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | - | - | - |
| Profit (loss) carried forward14 | -€718,464 | -€170,316 | -€649,819 | -€403,448 | -€410,020 | ▼ 1.6% |
| Amounts payable17/49 | €4.1m | €3.8m | €5.0m | €7.1m | €7.9m | ▲ 11.2% |
| Amounts payable after more than one year17 | €507,549 | €437,500 | €448,433 | €5,916 | €250,779 | ▲ 4,139% |
| Financial debts170/4 | - | €437,500 | €448,433 | €5,916 | €250,779 | ▲ 4,139% |
| Amounts payable within one year42/48 | €3.6m | €3.0m | €4.4m | €7.1m | €7.7m | ▲ 7.8% |
| Current portion of amounts payable after more than one year42 | - | €1.9m | €2.7m | €4.1m | €5.0m | ▲ 21.9% |
| Financial debts43 | - | - | - | €544,566 | - | - |
| Credit institutions430/8 | - | - | - | €544,566 | - | - |
| Trade debts44 | €110,880 | €147,028 | €240,800 | €296,668 | €177,619 | ▼ 40.1% |
| Suppliers440/4 | - | €147,028 | €240,800 | €296,668 | €177,619 | ▼ 40.1% |
| Taxes, remuneration and social security45 | - | €3,872 | €22,675 | €22,397 | €229,656 | ▲ 925% |
| Taxes450/3 | - | - | €4,134 | €5,911 | €215,962 | ▲ 3,554% |
| Remuneration and social security454/9 | - | €3,872 | €18,542 | €16,486 | €13,695 | ▼ 16.9% |
| Other amounts payable47/48 | - | €958,950 | €1.5m | €2.1m | €2.3m | ▲ 5.0% |
| Accrued charges and deferred income492/3 | - | €329,923 | €191,651 | €938 | €602 | ▼ 35.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€72,455 | €548,149 | -€479,503 | €246,371 | -€6,572 | ▼ 103% |
| + Depreciation and write-downs630 | €2,787 | €3,244 | €9,485 | €7,549 | €7,184 | ▼ 4.8% |
| Operating cash flow (approximation) | -€69,668 | €551,392 | -€470,018 | €253,920 | €613 | ▼ 99.8% |
| Investment in fixed assets (approximation) | - | -€3,291 | -€32,567 | €3,813 | -€2,117 | ▼ 156% |
| Change in cash | - | €647,967 | -€553,708 | -€250,755 | €323,284 | ▲ 229% |
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
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
31-12
Financial
Back to profitnet €246,371
Net result €246,371 after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€479,503
Net result drops to -€479,503, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
2021
31-12
Financial
Back to profitnet €548,149
Net result €548,149 after 3 loss-making years.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 84 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are 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, Enghien · 1 establishment unit since 2006
Ground area
4,743 m²
Building footprint
361 m²
Parcel 55033A0525/00A008, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMMO-SPHERE
since 20062.151.687.157
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55033A0525/00A008 | Wallonia | 4,743 m² | 1 · 361 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 7,326 companies in sector 68110 we hold annual accounts for 5,384. 428 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.