Immo Square
ActiveSummary
Immo Square has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77,512 and a net result of €46,380. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+16
Solvency74▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.96 in 2024; short-term debt: 51.2% and cash: 11.3% of total assets), but 51.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
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
48.8%
Return on assets
29.2%
Age of the figures
9 mo
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
7 d early
2023
on the day
2022
4 d late
2021
22 d late
2020
19 d early
2019
22 d early
← 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 1 day 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
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Financials · fiscal year 2025, micro schema
Equity
€77,512▼ 14.9%
2024 · €91,133
Total assets
€158,730▲ 23.8%
2024 · €128,237
Net result
€46,380▲ 203%
2024 · €15,316
Working capital
€64,772▼ 10.7%
2024 · €72,549
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
Line20212022202320242025
Operating result€33,569▲ 62.0%€38,920▲ 15.9%€44,232▲ 13.6%€24,357▼ 44.9%€64,500▲ 165%
Net result€26,349▲ 78.4%€27,101▲ 2.9%€29,739▲ 9.7%€15,316▼ 48.5%€46,380▲ 203%
Equity€43,084▼ 47.3%€60,185▲ 39.7%€85,953▲ 42.8%€91,133▲ 6.0%€77,512▼ 14.9%
Total assets€81,950▼ 33.8%€108,374▲ 32.2%€135,603▲ 25.1%€128,237▼ 5.4%€158,730▲ 23.8%
Debt€38,866▼ 7.5%€48,190▲ 24.0%€49,650▲ 3.0%€37,104▼ 25.3%€81,218▲ 119%
Working capital€17,887▼ 71.7%€35,723▲ 99.7%€63,453▲ 77.6%€72,549▲ 14.3%€64,772▼ 10.7%
Staff (FTE)0.9▼ 10.0%0.9=1.1▲ 22.2%0.6▼ 45.5%1.3▲ 117%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 165% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €158,730
Fixed assets
€12,740 ▼ 31.4%
Current assets
€145,990 ▲ 33.1%
Equity and liabilities €158,730
Equity
€77,512 ▼ 14.9%
Debt
€81,218 ▲ 119%
Debt's share of the balance-sheet total rises from 28.9% to 51.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€70,343▲
2024 · €29,971
Cash flow
€52,223▲
2024 · €20,930
Current ratio
1.80▼
2024 · 2.96
Debt to equity
1.05▲
2024 · 0.41
ROE
59.8%▲
2024 · 16.8%
ROA
29.2%▲
2024 · 11.9%
Interest coverage
32.91▲
2024 · 15.15
Debt ≤ 1 year
€81,218▲
2024 · €37,104
Income taxes
€16,750▲
2024 · €7,249
Staff costs
€83,579▲
2024 · €34,836
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14,876 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €53,055 | €59,031 | €72,513 | €34,836 | €83,579 | ▲ 140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,940 | €5,642 | €5,642 | €5,614 | €5,843 | ▲ 4.1% |
| Other operating charges640/8 | €10,000 | €9,540 | €15,729 | €25,528 | €20,557 | ▼ 19.5% |
| Gross operating margin9900 | €102,564 | €113,133 | €138,116 | €90,335 | €174,480 | ▲ 93.1% |
| Operating profit (loss)9901 | €33,569 | €38,920 | €44,232 | €24,357 | €64,500 | ▲ 165% |
| Financial income75/76B | - | €0 | €70 | €186 | €767 | ▲ 311% |
| Recurring financial income75 | - | €0 | €70 | €186 | €767 | ▲ 311% |
| Financial charges65/66B | €1,786 | €2,219 | €2,000 | €1,979 | €2,137 | ▲ 8.0% |
| Recurring financial charges65 | €1,786 | €2,219 | €2,000 | €1,979 | €2,137 | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €31,783 | €36,701 | €42,302 | €22,565 | €63,129 | ▲ 180% |
| Income taxes67/77 | €5,435 | €9,600 | €12,563 | €7,249 | €16,750 | ▲ 131% |
| Profit (loss) for the period9904 | €26,349 | €27,101 | €29,739 | €15,316 | €46,380 | ▲ 203% |
| Profit (loss) for the period to be appropriated9905 | €26,349 | €27,101 | €29,739 | €15,316 | €46,380 | ▲ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81,950 | €108,374 | €135,603 | €128,237 | €158,730 | ▲ 23.8% |
| Fixed assets21/28 | €33,784 | €28,142 | €22,500 | €18,584 | €12,740 | ▼ 31.4% |
| Tangible fixed assets22/27 | €33,604 | €27,962 | €22,320 | €18,404 | €12,560 | ▼ 31.8% |
| Land and buildings22 | €26,250 | €22,500 | €18,750 | €15,000 | €11,250 | ▼ 25.0% |
| Furniture and vehicles24 | €717 | €392 | €68 | €1,468 | €902 | ▼ 38.5% |
| Other tangible fixed assets26 | €6,637 | €5,070 | €3,503 | €1,935 | €408 | ▼ 78.9% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €48,167 | €80,232 | €113,103 | €109,654 | €145,990 | ▲ 33.1% |
| Amounts receivable within one year40/41 | €5,410 | €13,055 | €22,135 | €20,926 | €115,232 | ▲ 451% |
| Trade receivables40 | €4,345 | €11,656 | €22,135 | €10,619 | €5,437 | ▼ 48.8% |
| Other amounts receivable41 | €1,066 | €1,400 | €0 | €10,307 | €109,795 | ▲ 965% |
| Current investments50/53 | €8,977 | €28,977 | €68,978 | €79,108 | €11,518 | ▼ 85.4% |
| Cash at bank and in hand54/58 | €30,343 | €31,891 | €17,456 | €8,204 | €17,868 | ▲ 118% |
| Deferred charges and accrued income490/1 | €3,437 | €6,309 | €4,535 | €1,415 | €1,373 | ▼ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81,950 | €108,374 | €135,603 | €128,237 | €158,730 | ▲ 23.8% |
| Equity10/15 | €43,084 | €60,185 | €85,953 | €91,133 | €77,512 | ▼ 14.9% |
| Reserves13 | €43,084 | €60,185 | €85,953 | €91,133 | €77,512 | ▼ 14.9% |
| Distributable reserves133 | €43,084 | €60,185 | €85,953 | €91,133 | €77,512 | ▼ 14.9% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €38,866 | €48,190 | €49,650 | €37,104 | €81,218 | ▲ 119% |
| Amounts payable after more than one year17 | €8,587 | €3,680 | €0 | - | - | - |
| Financial debts170/4 | €8,587 | €3,680 | €0 | - | - | - |
| Amounts payable within one year42/48 | €30,280 | €44,510 | €49,650 | €37,104 | €81,218 | ▲ 119% |
| Current portion of amounts payable after more than one year42 | €4,907 | €4,907 | €3,680 | €0 | - | - |
| Financial debts43 | €370 | €0 | - | - | - | - |
| Credit institutions430/8 | €370 | €0 | - | - | - | - |
| Trade debts44 | €723 | €10,515 | €14,847 | €12,291 | €8,641 | ▼ 29.7% |
| Suppliers440/4 | €723 | €10,515 | €14,847 | €12,291 | €8,641 | ▼ 29.7% |
| Advances received on contracts in progress46 | €3,097 | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €9,168 | €17,378 | €20,656 | €14,677 | €12,578 | ▼ 14.3% |
| Taxes450/3 | €3,085 | €10,595 | €13,853 | €11,247 | €2,806 | ▼ 75.1% |
| Remuneration and social security454/9 | €6,083 | €6,784 | €6,804 | €3,430 | €9,772 | ▲ 185% |
| Other amounts payable47/48 | €12,016 | €11,710 | €10,467 | €10,136 | €60,000 | ▲ 492% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,349 | €27,101 | €29,739 | €15,316 | €46,380 | ▲ 203% |
| + Depreciation and write-downs630 | €5,940 | €5,642 | €5,642 | €5,614 | €5,843 | ▲ 4.1% |
| Operating cash flow (approximation) | €32,288 | €32,743 | €35,381 | €20,930 | €52,223 | ▲ 150% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,698 | €0 | ▲ 100% |
| Change in cash | - | €1,548 | -€14,435 | -€9,251 | €9,664 | ▲ 204% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €46,380 ▲203%
Operating result €64,500, net result €46,380, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €16,782
Net result €16,782 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Oostende · 1 establishment unit since 2004
Ground area
266 m²
Building footprint
152 m²
Volume, LiDAR
3,072 m³
Parcel 35386D0245/00D004, Flanders · tallest building 23.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
IMMO SQUARE
since 20042.143.268.943
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35386D0245/00D004 | Flanders | 266 m² | 1 · 152 m² | 23.6 m · 7 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 870 EUR awarded · 835 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 35 EUR | 0 EUR |
| 2024 | 1 | 239 EUR | 239 EUR |
| 2022 | 2 | 596 EUR | 596 EUR |
Similar companies · same sector, comparable size
BIETRUME PICAR
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STONES
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Antwerpen · Eq €77,884
IMMO SUNSET
BE 0454.759.853
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GEEFRA
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 958 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
Founded09-11-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0869904413
Also
9925:BE0869904413
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.