Immo Star
ActiveSummary
Immo Star has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.22M and a net result of €126k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+18
Solvency74▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 0.76 in 2024; short-term debt: 23.3% and cash: 10.3% of total assets), and 51.2% of the assets are financed with debt.
Credit check for your own amount and term
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
48.8%
Return on assets
5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €1.22M
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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
29 d late
2022
106 d late
2021
31 d late
2020
31 d late
2019
119 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.22M▲ 11.5%
2024 · €1.10M
2019: €-60klowest in 7 years
2020: €-15k▲ +74.9% vs 2019
2021: €26k▲ +273% vs 2020
2022: €-6k▼ -122% vs 2021
2023: €31k▲ +638% vs 2022
2024: €1.10M▲ +3483% vs 2023
2025: €1.22M▲ +11.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€2.51M▲ 25.0%
2024 · €2.01M
2019: €550klowest in 7 years
2020: €606k▲ +10.2% vs 2019
2021: €621k▲ +2.6% vs 2020
2022: €815k▲ +31.2% vs 2021
2023: €752k▼ -7.7% vs 2022
2024: €2.01M▲ +167% vs 2023
2025: €2.51M▲ +25.0% vs 2024highest in 7 years
2019 → 2025
Net result
€126k▲ 440%
2024 · €23k
2019: €-60klowest in 7 years
2020: €45k▲ +175% vs 2019
2021: €41k▼ -8.2% vs 2020
2022: €-32k▼ -177% vs 2021
2023: €36k▲ +214% vs 2022
2024: €23k▼ -35.8% vs 2023
2025: €126k▲ +440% vs 2024highest in 7 years
2019 → 2025
Working capital
€247k
2024 · €-95k
2019: €-78k
2020: €-6k▲ +92.7% vs 2019
2021: €21k▲ +474% vs 2020
2022: €-95k▼ -544% vs 2021
2023: €-94k▲ +1.1% vs 2022
2024: €-95k▼ -1.6% vs 2023lowest in 7 years
2025: €247k▲ +359% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€-6k€31k€1.10M▲ 3,483%€1.22M▲ 11.5%
2021: €26k
2022: €-6k▼ -122% vs 2021lowest in 5 years
2023: €31k▲ +638% vs 2022
2024: €1.10M▲ +3483% vs 2023
2025: €1.22M▲ +11.5% vs 2024highest in 5 years
Operating result€61k-€-6k€54k€52k▼ 4.4%€194k▲ 277%
2021: €61k
2022: €-6k▼ -109% vs 2021lowest in 5 years
2023: €54k▲ +1061% vs 2022
2024: €52k▼ -4.4% vs 2023
2025: €194k▲ +277% vs 2024highest in 5 years
Net result€41k-€-32k€36k€23k▼ 35.8%€126k▲ 440%
2021: €41k
2022: €-32k▼ -177% vs 2021lowest in 5 years
2023: €36k▲ +214% vs 2022
2024: €23k▼ -35.8% vs 2023
2025: €126k▲ +440% vs 2024highest in 5 years
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 277% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.51M
Fixed assets
€1.68M ▼ 2.0%
Current assets
€832k ▲ 181%
Equity and liabilities €2.51M
Equity
€1.22M ▲ 11.5%
Debt
€1.28M ▲ 41.3%
Debt's share of the balance-sheet total rises from 45.3% to 51.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€230k▲
2024 · €87k
Cash flow
€161k▲
2024 · €58k
Current ratio
1.42▲
2024 · 0.76
Quick ratio
0.75▼
2024 · 0.75
Debt to equity
1.05▲
2024 · 0.83
ROE
10.3%▲
2024 · 2.1%
ROA
5.0%▲
2024 · 1.2%
Interest coverage
10.48▲
2024 · 4.47
Debt ≤ 1 year
€585k▲
2024 · €391k
Debt > 1 year
€699k▲
2024 · €516k
Income taxes
€47k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.01M€2.51M▲
Fixed assets21/28€1.71M€1.68M▼
Tangible fixed assets22/27€1.71M€1.68M▼
Land and buildings22€1.71M€1.67M▼
Furniture and vehicles24€591€985▲
Current assets29/58€296k€832k▲
Stocks and contracts in progress3€2k€394k▲
Stocks30/36€2k€394k▲
Amounts receivable within one year40/41€41k€180k▲
Trade receivables40€41k€164k▲
Other amounts receivable41-€16k
Cash at bank and in hand54/58€253k€257k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€2.51M▲
Equity10/15€1.10M€1.22M▲
Revaluation surpluses12€1.04M€1.04M=
Reserves13€86k€86k=
Distributable reserves133€86k€86k=
Profit (loss) carried forward14€-32k€94k▲
Amounts payable17/49€909k€1.28M▲
Amounts payable after more than one year17€516k€699k▲
Financial debts170/4€514k€699k▲
Other amounts payable178/9€2k-
Amounts payable within one year42/48€391k€585k▲
Current portion of amounts payable after more than one year42€75k€120k▲
Trade debts44€91k€78k▼
Suppliers440/4€91k€78k▼
Taxes, remuneration and social security45€42k€102k▲
Taxes450/3€42k€102k▲
Other amounts payable47/48€183k€284k▲
Accrued charges and deferred income492/3€990-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€35k▲
Other operating charges640/8€57k€77k▲
Gross operating margin9900€144k€307k▲
Operating profit (loss)9901€52k€194k▲
Financial charges65/66B€19k€22k▲
Recurring financial charges65€19k€22k▲
Profit (loss) for the period before taxes9903€32k€172k▲
Income taxes67/77€9k€47k▲
Profit (loss) for the period9904€23k€126k▲
Profit (loss) for the period to be appropriated9905€23k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€94k▲
Profit (loss) brought forward from the previous period14P€-56k€-32k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €29k | €35k | €35k | €35k | ▲ 0.7% |
| Other operating charges640/8 | - | €46k | - | €57k | €77k | ▲ 33.9% |
| Gross operating margin9900 | €83k | €70k | €89k | €144k | €307k | ▲ 113% |
| Operating profit (loss)9901 | €61k | €-6k | €54k | €52k | €194k | ▲ 277% |
| Financial charges65/66B | €9k | €24k | €14k | €19k | €22k | ▲ 13.0% |
| Recurring financial charges65 | €9k | €24k | €14k | €19k | €22k | ▲ 13.0% |
| Profit (loss) for the period before taxes9903 | €52k | €-30k | €40k | €32k | €172k | ▲ 436% |
| Income taxes67/77 | €11k | €2k | €3k | €9k | €47k | ▲ 427% |
| Profit (loss) for the period9904 | €41k | €-32k | €36k | €23k | €126k | ▲ 440% |
| Profit (loss) for the period to be appropriated9905 | €41k | €-32k | €36k | €23k | €126k | ▲ 440% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €621k | €815k | €752k | €2.01M | €2.51M | ▲ 25.0% |
| Fixed assets21/28 | €466k | €736k | €701k | €1.71M | €1.68M | ▼ 2.0% |
| Tangible fixed assets22/27 | €466k | €736k | €701k | €1.71M | €1.68M | ▼ 2.0% |
| Land and buildings22 | €466k | €736k | €701k | €1.71M | €1.67M | ▼ 2.1% |
| Furniture and vehicles24 | - | - | - | €591 | €985 | ▲ 66.7% |
| Current assets29/58 | €156k | €79k | €51k | €296k | €832k | ▲ 181% |
| Stocks and contracts in progress3 | - | €4k | €2k | €2k | €394k | ▲ 19,620% |
| Stocks30/36 | - | €4k | €2k | €2k | €394k | ▲ 19,620% |
| Amounts receivable within one year40/41 | €134k | €54k | €29k | €41k | €180k | ▲ 340% |
| Trade receivables40 | €134k | €54k | €29k | €41k | €164k | ▲ 301% |
| Other amounts receivable41 | - | - | - | - | €16k | - |
| Cash at bank and in hand54/58 | €1k | €197 | €201 | €253k | €257k | ▲ 1.7% |
| Deferred charges and accrued income490/1 | €20k | €20k | €20k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €621k | €815k | €752k | €2.01M | €2.51M | ▲ 25.0% |
| Equity10/15 | €26k | €-6k | €31k | €1.10M | €1.22M | ▲ 11.5% |
| Revaluation surpluses12 | - | - | - | €1.04M | €1.04M | = |
| Reserves13 | €86k | €86k | €86k | €86k | €86k | = |
| Distributable reserves133 | €86k | €86k | €86k | €86k | €86k | = |
| Profit (loss) carried forward14 | €-60k | €-92k | €-56k | €-32k | €94k | ▲ 391% |
| Amounts payable17/49 | €595k | €821k | €722k | €909k | €1.28M | ▲ 41.3% |
| Amounts payable after more than one year17 | €461k | €647k | €577k | €516k | €699k | ▲ 35.4% |
| Financial debts170/4 | €461k | €647k | €577k | €514k | €699k | ▲ 35.9% |
| Other amounts payable178/9 | - | - | - | €2k | - | - |
| Amounts payable within one year42/48 | €134k | €174k | €145k | €391k | €585k | ▲ 49.5% |
| Current portion of amounts payable after more than one year42 | €41k | €82k | €78k | €75k | €120k | ▲ 61.3% |
| Trade debts44 | €2k | €29k | €289 | €91k | €78k | ▼ 14.1% |
| Suppliers440/4 | €2k | €29k | €289 | €91k | €78k | ▼ 14.1% |
| Taxes, remuneration and social security45 | €21k | €17k | €23k | €42k | €102k | ▲ 141% |
| Taxes450/3 | €21k | €17k | €23k | €42k | €102k | ▲ 141% |
| Other amounts payable47/48 | €70k | €45k | €43k | €183k | €284k | ▲ 55.2% |
| Accrued charges and deferred income492/3 | - | - | - | €990 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €-32k | €36k | €23k | €126k | ▲ 440% |
| + Depreciation and write-downs630 | €22k | €29k | €35k | €35k | €35k | ▲ 0.7% |
| Operating cash flow (approximation) | €63k | €-3k | €71k | €58k | €161k | ▲ 176% |
| Investment in fixed assets (approximation) | - | €-300k | €0 | €-1.04M | €-684 | ▲ 99.9% |
| Change in cash | - | €-926 | €4 | €253k | €4k | ▼ 98.3% |
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 2019net €126k ▲440%
Operating result €194k, net result €126k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €1MEq €1.10M ▲3,483%
2 profitable years in a row build equity to €1.10M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 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, Fléron · 1 establishment unit since 2019
Ground area
1,695 m²
Parcel 62084B0264/00K000, Wallonia. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Belgium Star Event
since 20192.289.255.527
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62084B0264/00K000 | Wallonia | 1,695 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 9,136 companies in sector 68201 we hold annual accounts for 6,765. 4,713 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
Founded07-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47770Retail sale of watches and jewellery
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.