IMMO STANDING
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 19-01-2026 PDF all 20 filings
Turnover
≈ €580,000
Estimated: probably between €350,000 and €1.1m
EBIT margin
Not included in this filing
Net result
€143,908▲ 20×
2024 · €7,330
Working capital
€199,304▲ 380%
2024 · €41,552
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€213,247
▲ 19×
2025
20192025
Net result
€143,908
▲ 20×
2025
20192025
Equity
€206,433
▲ 230%
2025
20192025
Total assets
€444,390
▲ 12.8%
2025
20192025
Debt
€237,957
▼ 28.2%
2025
20192025
Working capital
€199,304
▲ 380%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€8,514-€10,871€8,381▼ 22.9%€11,294▲ 34.8%€8,519▼ 24.6%€11,155▲ 30.9%€213,247▲ 19×
Net result-€12,870-€7,091€3,313▼ 53.3%€6,877▲ 108%€4,677▼ 32.0%€7,330▲ 56.7%€143,908▲ 20×
Equity€33,237-€40,328▲ 21.3%€43,641▲ 8.2%€50,518▲ 15.8%€55,195▲ 9.3%€62,525▲ 13.3%€206,433▲ 230%
Total assets€298,325-€289,181▼ 3.1%€431,741▲ 49.3%€424,908▼ 1.6%€406,135▼ 4.4%€393,902▼ 3.0%€444,390▲ 12.8%
Debt€265,088-€248,853▼ 6.1%€388,100▲ 56.0%€374,390▼ 3.5%€350,940▼ 6.3%€331,377▼ 5.6%€237,957▼ 28.2%
Working capital-€161,440--€18,754▲ 88.4%€45,984€50,484▲ 9.8%€44,448▼ 12.0%€41,552▼ 6.5%€199,304▲ 380%
The operating result for 2025 is over 19 times that of 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €444,390
Fixed assets
€223,683 ▼ 28.4%
Current assets
€220,707 ▲ 171%
Equity and liabilities €444,390
Equity
€206,433 ▲ 230%
Debt
€237,957 ▼ 28.2%
Debt's share of the balance-sheet total falls from 84.1% to 53.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€223,389▲
2024 · €24,147
Cash flow
€154,050▲
2024 · €20,322
Current ratio
10.31▲
2024 · 2.04
Debt to equity
1.15▼
2024 · 5.30
ROE
69.7%▲
2024 · 11.7%
ROA
32.4%▲
2024 · 1.9%
Interest coverage
97.02▲
2024 · 8.38
Debt ≤ 1 year
€21,403▼
2024 · €39,899
Debt > 1 year
€216,553▼
2024 · €291,478
Income taxes
€67,036▲
2024 · €944
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Debts secured on the company's own assets | €139,979 | €115,802 | €90,863 | - |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | - |
| Mortgage mandates | €180,000 | €180,000 | €180,000 | - |
| Carrying value of the mortgaged assets | €338,434 | €325,443 | €312,451 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,854 | €10,833 | €15,026 | €12,991 | €12,991 | €12,991 | €10,142 | ▼ 21.9% |
| Other operating charges640/8 | - | - | - | €2,669 | €5,821 | €2,948 | €3,646 | ▲ 23.7% |
| Gross operating margin9900 | €4,886 | €24,328 | €24,642 | €26,954 | €27,331 | €27,094 | €227,035 | ▲ 738% |
| Operating profit (loss)9901 | -€8,514 | €10,871 | €8,381 | €11,294 | €8,519 | €11,155 | €213,247 | ▲ 19× |
| Financial income75/76B | - | - | - | €0 | €2 | €0 | €0 | - |
| Recurring financial income75 | €0 | - | €2 | €0 | €2 | €0 | €0 | - |
| Financial charges65/66B | - | - | - | €4,417 | €3,845 | €2,881 | €2,302 | ▼ 20.1% |
| Recurring financial charges65 | €4,356 | €3,781 | €5,071 | €4,417 | €3,845 | €2,881 | €2,302 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | -€12,870 | €7,091 | €3,313 | €6,877 | €4,677 | €8,275 | €210,944 | ▲ 25× |
| Income taxes67/77 | - | - | - | - | - | €944 | €67,036 | ▲ 71× |
| Profit (loss) for the period9904 | -€12,870 | €7,091 | €3,313 | €6,877 | €4,677 | €7,330 | €143,908 | ▲ 20× |
| Profit (loss) for the period to be appropriated9905 | -€12,870 | €7,091 | €3,313 | €6,877 | €4,677 | €7,330 | €143,908 | ▲ 20× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €298,325 | €289,181 | €431,741 | €424,908 | €406,135 | €393,902 | €444,390 | ▲ 12.8% |
| Fixed assets21/28 | €296,304 | €285,471 | €351,425 | €338,434 | €325,443 | €312,451 | €223,683 | ▼ 28.4% |
| Tangible fixed assets22/27 | €296,304 | €285,471 | €351,425 | €338,434 | €325,443 | €312,451 | €223,683 | ▼ 28.4% |
| Land and buildings22 | - | - | - | €338,434 | €325,443 | €312,451 | €223,683 | ▼ 28.4% |
| Current assets29/58 | €2,021 | €3,709 | €80,316 | €86,475 | €80,692 | €81,451 | €220,707 | ▲ 171% |
| Amounts receivable within one year40/41 | - | €1,140 | €79,333 | €79,333 | €79,451 | €79,633 | €79,333 | ▼ 0.4% |
| Trade receivables40 | - | - | - | - | - | €300 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €79,333 | €79,451 | €79,333 | €79,333 | = |
| Cash at bank and in hand54/58 | €2,021 | €2,291 | €611 | €5,671 | €1,198 | €1,447 | €139,775 | ▲ 97× |
| Deferred charges and accrued income490/1 | - | - | - | €1,471 | €43 | €370 | €1,599 | ▲ 332% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €298,325 | €289,181 | €431,741 | €424,908 | €406,135 | €393,902 | €444,390 | ▲ 12.8% |
| Equity10/15 | €33,237 | €40,328 | €43,641 | €50,518 | €55,195 | €62,525 | €206,433 | ▲ 230% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | - | - | - | - | - | €520 | €143,520 | ▲ 276× |
| Non-distributable reserves130/1 | - | - | - | - | - | €520 | €6,200 | ▲ 12× |
| Legal reserve130 | - | - | - | - | - | €520 | €6,200 | ▲ 12× |
| Distributable reserves133 | - | - | - | - | - | - | €137,320 | - |
| Profit (loss) carried forward14 | -€28,763 | -€21,672 | -€18,359 | -€11,482 | -€6,805 | €5 | €913 | ▲ 183× |
| Amounts payable17/49 | €265,088 | €248,853 | €388,100 | €374,390 | €350,940 | €331,377 | €237,957 | ▼ 28.2% |
| Amounts payable after more than one year17 | €100,592 | €224,360 | €352,621 | €335,693 | €314,696 | €291,478 | €216,553 | ▼ 25.7% |
| Financial debts170/4 | - | - | - | €115,802 | €90,863 | €65,124 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | - | - | €219,892 | €223,833 | €226,354 | €216,553 | ▼ 4.3% |
| Amounts payable within one year42/48 | €163,461 | €22,463 | €34,332 | €35,991 | €36,244 | €39,899 | €21,403 | ▼ 46.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,178 | €24,939 | €25,739 | €0 | ▼ 100% |
| Trade debts44 | €4,240 | €4,324 | €2,314 | €2,918 | €2,594 | €2,572 | €2,893 | ▲ 12.5% |
| Suppliers440/4 | - | - | - | €2,918 | €2,594 | €2,572 | €2,893 | ▲ 12.5% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €944 | €7,036 | ▲ 645% |
| Taxes450/3 | - | - | - | - | - | €944 | €7,036 | ▲ 645% |
| Other amounts payable47/48 | - | - | - | €8,895 | €8,712 | €10,644 | €11,474 | ▲ 7.8% |
| Accrued charges and deferred income492/3 | - | - | - | €2,706 | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,870 | €7,091 | €3,313 | €6,877 | €4,677 | €7,330 | €143,908 | ▲ 20× |
| + Depreciation and write-downs630 | €10,854 | €10,833 | €15,026 | €12,991 | €12,991 | €12,991 | €10,142 | ▼ 21.9% |
| Operating cash flow (approximation) | -€2,016 | €17,924 | €18,339 | €19,868 | €17,668 | €20,322 | €154,050 | ▲ 658% |
| Investment in fixed assets (approximation) | - | €0 | -€80,980 | €0 | €0 | €0 | €78,626 | - |
| Change in cash | - | €270 | -€1,679 | €5,059 | -€4,472 | €249 | €138,328 | ▲ 556× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as IMMO STANDING has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO STANDING itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for IMMO STANDING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 19-01-2026 | 2026-00010711 | |
| 30-06-2024 | full format | 07-01-2025 | 2025-00001623 | |
| 30-06-2023 | full format | 10-01-2024 | 2024-00000344 | |
| 30-06-2022 | full format | 25-01-2023 | 2023-00007482 | |
| 30-06-2021 | full format | 21-01-2022 | 2022-01400597 | |
| 30-06-2020 | full format | 29-01-2021 | 2021-04600112 | |
| 30-06-2019 | micro format | 13-03-2020 | 2020-06600403 | |
| 30-06-2018 | micro format | 11-03-2019 | 2019-06900180 | |
| 30-06-2017 | micro format | 12-02-2018 | 2018-05100022 | |
| 30-06-2016 | full format | 31-01-2017 | 2017-03800337 |