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IMMO SPL

Active
Public limited companyfounded 197947 yrs activeSerenadestraat 33, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0419.762.352
Summary

IMMO SPL has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€512,060) and a net result of -€8,013. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 5% of 130 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability24▼-43
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.17 in 2024; short-term debt: 116.9% and cash: 17.9% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 47 years 0 50 y
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
-153.1%
Return on assets
-2.4%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
192021232425
2019 to 2025 · latest year -€512,060
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
4 d early
2024
3 d early
2023
1 d early
2021
25 d late
2020
1 d late
2019
17 d early
2018
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 14 days before the deadline, and 34% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
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 SPL was incorporated on 12 September 1979.1 Total assets went from EUR 357,064 in 2019 to EUR 334,389 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€512,060▼ 1.6%
2024 · -€504,047
Total assets
€334,389▼ 1.2%
2024 · €338,487
Net result
-€8,013▼ 116%
2024 · -€3,705
Working capital
-€331,070▼ 2.5%
2024 · -€323,017
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202320242025
Operating result-€9,973▼ 209%-€2,302▲ 76.9%-€2,216--€3,221▼ 45.4%-€3,929▼ 22.0%
Net result-€10,441below the sector's middle half▼ 183%-€2,770below the sector's middle half▲ 73.5%-€2,721below the sector's middle half--€3,705below the sector's middle half▼ 36.2%-€8,013below the sector's middle half▼ 116%
Equity-€493,827below the sector's middle half▼ 2.2%-€496,597below the sector's middle half▼ 0.6%-€500,342below the sector's middle half--€504,047below the sector's middle half▼ 0.7%-€512,060below the sector's middle half▼ 1.6%
Total assets€347,023below the sector's middle half▼ 2.8%€346,183below the sector's middle half▼ 0.2%€343,195below the sector's middle half-€338,487below the sector's middle half▼ 1.4%€334,389within the sector's middle half▼ 1.2%
Debt€840,850=€842,780▲ 0.2%€843,537-€842,534▼ 0.1%€846,449▲ 0.5%
Working capital-€340,806below the sector's middle half▼ 33.5%-€335,373below the sector's middle half▲ 1.6%-€325,593below the sector's middle half--€323,017below the sector's middle half▲ 0.8%-€331,070below the sector's middle half▼ 2.5%
Solvency-142.3%below the sector's middle half▼ 6.9pp-143.4%below the sector's middle half▼ 1.1pp-145.8%below the sector's middle half--148.9%below the sector's middle half▼ 3.1pp-153.1%below the sector's middle half▼ 4.2pp
Current ratio0.13below the sector's middle half▼ 0.220.14below the sector's middle half▲ 0.020.17below the sector's middle half-0.17below the sector's middle half=0.15below the sector's middle half▼ 0.02
Return on assets (ROA)-3.0%below the sector's middle half▼ 2.0pp-0.8%below the sector's middle half▲ 2.2pp-0.8%below the sector's middle half--1.1%below the sector's middle half▼ 0.3pp-2.4%within the sector's middle half▼ 1.3pp
above within below the middle half (P25 to P75) of NACE 22, Manufacture of rubber and plastic products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2020: -€9,973-€9,973Net result 2020: -€10,441-€10,441Operating result 2021: -€2,302-€2,302Net result 2021: -€2,770-€2,770Operating result 2023: -€2,216-€2,216Net result 2023: -€2,721-€2,721Operating result 2024: -€3,221-€3,221Net result 2024: -€3,705-€3,705Operating result 2025: -€3,929-€3,929Net result 2025: -€8,013-€8,01320202021202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€2,216-€2,220Net result 2023: -€2,721-€2,720Operating result 2024: -€3,221-€3,220Net result 2024: -€3,705-€3,710Operating result 2025: -€3,929-€3,930Net result 2025: -€8,013-€8,010202320242025
The operating result stays negative: a loss of €3,929 in 2025 against €3,221 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €334,389
Fixed assets €274,600 ▲ 1.5%
Current assets €59,789 ▼ 12.0%
Key figures and ratios
2025 value · change against 2024
EBITDA
€4,210▼
2024 · €4,223
Cash flow
€126▼
2024 · €3,739
Debt to equity
-1.65▲
2024 · -1.67
Interest coverage
1.03▼
2024 · 8.73
Debt ≤ 1 year
€390,859=
2024 · €390,944
Debt > 1 year
€400,000=
2024 · €400,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
5.9% stopped otherwise
90% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 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 2,799 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 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€338,487€334,389▼
Fixed assets21/28€270,560€274,600▲
Tangible fixed assets22/27€270,560€274,600▲
Land and buildings22€270,560€271,851▲
Plant, machinery and equipment23-€2,749
Current assets29/58€67,927€59,789▼
Cash at bank and in hand54/58€67,927€59,739▼
Deferred charges and accrued income490/1-€50
Equity and liabilities
Total equity and liabilities10/49€338,487€334,389▼
Equity10/15-€504,047-€512,060▼
Contributions10/11€173,525€173,525=
Capital10€173,525€173,525=
Issued capital100€173,525€173,525=
Reserves13€17,353€17,353=
Non-distributable reserves130/1€17,353€17,353=
Legal reserve130€17,353€17,353=
Profit (loss) carried forward14-€694,925-€702,938▼
Amounts payable17/49€842,534€846,449▲
Amounts payable after more than one year17€400,000€400,000=
Financial debts170/4€400,000€400,000=
Amounts payable within one year42/48€390,944€390,859=
Trade debts44€85-
Suppliers440/4€85-
Other amounts payable47/48€390,859€390,859=
Accrued charges and deferred income492/3€51,590€55,590▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,444€8,139▲
Other operating charges640/8€2,093€2,166▲
Gross operating margin9900€6,316€6,376▲
Operating profit (loss)9901-€3,221-€3,929▼
Financial charges65/66B€484€4,084▲
Recurring financial charges65€484€4,084▲
Profit (loss) for the period before taxes9903-€3,705-€8,013▼
Profit (loss) for the period9904-€3,705-€8,013▼
Profit (loss) for the period to be appropriated9905-€3,705-€8,013▼
Appropriation of the result
Profit (loss) to be appropriated9906-€694,925-€702,938▼
Profit (loss) brought forward from the previous period14P-€691,220-€694,925▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,803€7,803€8,022€7,444€8,139▲ 9.3%
Other operating charges640/8--€1,738€2,093€2,166▲ 3.5%
Gross operating margin9900-€842€7,196€7,544€6,316€6,376▲ 0.9%
Operating profit (loss)9901-€9,973-€2,302-€2,216-€3,221-€3,929▼ 22.0%
Financial charges65/66B--€505€484€4,084▲ 744%
Recurring financial charges65€468€468€505€484€4,084▲ 744%
Profit (loss) for the period before taxes9903-€10,441-€2,770-€2,721-€3,705-€8,013▼ 116%
Profit (loss) for the period9904-€10,441-€2,770-€2,721-€3,705-€8,013▼ 116%
Profit (loss) for the period to be appropriated9905-€10,441-€2,770-€2,721-€3,705-€8,013▼ 116%
Line20202021202320242025Change
Assets
Total assets20/58€347,023€346,183€343,195€338,487€334,389▼ 1.2%
Fixed assets21/28€297,369€289,566€276,441€270,560€274,600▲ 1.5%
Tangible fixed assets22/27€297,369€289,566€276,441€270,560€274,600▲ 1.5%
Land and buildings22--€276,441€270,560€271,851▲ 0.5%
Plant, machinery and equipment23----€2,749-
Current assets29/58€49,654€56,617€66,754€67,927€59,789▼ 12.0%
Cash at bank and in hand54/58€49,654€56,617€66,754€67,927€59,739▼ 12.1%
Deferred charges and accrued income490/1----€50-
Equity and liabilities
Total equity and liabilities10/49€347,023€346,183€343,195€338,487€334,389▼ 1.2%
Equity10/15-€493,827-€496,597-€500,342-€504,047-€512,060▼ 1.6%
Contributions10/11€173,525€173,525€173,525€173,525€173,525=
Capital10--€173,525€173,525€173,525=
Issued capital100--€173,525€173,525€173,525=
Reserves13€17,353€17,353€17,353€17,353€17,353=
Non-distributable reserves130/1--€17,353€17,353€17,353=
Legal reserve130--€17,353€17,353€17,353=
Profit (loss) carried forward14-€684,705-€687,475-€691,220-€694,925-€702,938▼ 1.2%
Amounts payable17/49€840,850€842,780€843,537€842,534€846,449▲ 0.5%
Amounts payable after more than one year17€400,000€400,000€400,000€400,000€400,000=
Financial debts170/4--€400,000€400,000€400,000=
Amounts payable within one year42/48€390,460€391,990€392,347€390,944€390,859=
Trade debts44--€1,488€85--
Suppliers440/4--€1,488€85--
Other amounts payable47/48--€390,859€390,859€390,859=
Accrued charges and deferred income492/3--€51,190€51,590€55,590▲ 7.8%
Line20202021202320242025Change
Profit (loss) for the period9904-€10,441-€2,770-€2,721-€3,705-€8,013▼ 116%
+ Depreciation and write-downs630€7,803€7,803€8,022€7,444€8,139▲ 9.3%
Operating cash flow (approximation)-€2,638€5,033€5,301€3,739€126▼ 96.6%
Investment in fixed assets (approximation)-€0--€1,563-€12,179▼ 679%
Change in cash-€6,963-€1,173-€8,188▼ 798%

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

Next filing, fiscal year 2026, expected by 31-01-2027
2026
27-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-01
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
25-02
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
01-02
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial Weakest financial yearnet -€10,441
Net result drops to -€10,441, the lowest in the series; recovery starts the following year.
14-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-02
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2016
23-12
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-12
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Sint-Jans-Molenbeek · 1 establishment unit since 1979
seat establishment The establishment unit on the map
Ground area
7,301 m²
Building footprint
3,428 m²
Volume, LiDAR
1,536 m³
2 parcels, Brussels, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
GARAGE & CONSTRUCTIE WERKHUIS
Bergensesteenweg 702, 1600 Sint-Pieters-LeeuwNACE 2912001
since 19792.018.722.131
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23582D0291/00S000 Flanders 5,196 m² 1 · 3,239 m² -
21524C0021/00G006 Brussels 2,105 m² 1 · 189 m² 11.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. DISTRIMO 99%
  2. IMMO SPL

Highest known parent: DISTRIMO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

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 779 companies in sector 22220 we hold annual accounts for 600. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded12-09-1979
Fiscal year end30-06
Activities, NACEBEL 2025
22220Manufacture of rubber and plastic products
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0419762352
Also 9925:BE0419762352
Registered 29-12-2025

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.