IMMO-STRUCTURES
ActiveSummary
IMMO-STRUCTURES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €434,497 and a net result of -€26,434. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 63% of 9268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-24
Solvency72▲+1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.12 in 2024; short-term debt: 9.2% and cash: 0% of total assets), but 52.7% of the assets are financed with debt.
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Signals
Five 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 →
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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
58 d late
2022
29 d late
2021
12 d late
2020
1 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 (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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€434,497▼ 5.7%
2024 · €460,931
Total assets
€918,354▼ 8.6%
2024 · €1.0m
Net result
-€26,434
2024 · €1,521
Working capital
€86,624▲ 326%
2024 · €20,343
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€37,312▼ 56.5%€54,678▲ 46.5%€42,148▼ 22.9%€35,136▼ 16.6%€21,759▼ 38.1%
Net result-€8,331€5,590€4,588▼ 17.9%€1,521▼ 66.8%-€26,434
Equity€449,232▼ 1.8%€454,822▲ 1.2%€459,410▲ 1.0%€460,931▲ 0.3%€434,497▼ 5.7%
Total assets€1.4m▼ 3.0%€1.3m▼ 4.9%€1.1m▼ 14.2%€1.0m▼ 11.2%€918,354▼ 8.6%
Debt€936,355▼ 3.5%€863,338▼ 7.8%€671,865▼ 22.2%€543,400▼ 19.1%€483,857▼ 11.0%
Working capital€77,429▲ 15.1%€57,332▼ 26.0%€46,631▼ 18.7%€20,343▼ 56.4%€86,624▲ 326%
Staff (FTE)11=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 38% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €918,354
Fixed assets
€747,501 ▼ 8.9%
Current assets
€170,853 ▼ 6.9%
Equity and liabilities €918,354
Equity
€434,497 ▼ 5.7%
Debt
€483,857 ▼ 11.0%
Debt's share of the balance-sheet total falls from 54.1% to 52.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€95,138▼
2024 · €141,409
Cash flow
€46,945▼
2024 · €107,794
Current ratio
2.03▲
2024 · 1.12
Debt to equity
1.11▼
2024 · 1.18
ROE
-6.1%▼
2024 · 0.3%
ROA
-2.9%▼
2024 · 0.2%
Interest coverage
1.89▼
2024 · 4.36
Debt ≤ 1 year
€84,230▼
2024 · €163,109
Debt > 1 year
€399,627▲
2024 · €380,291
Income taxes
-€2,035▼
2024 · €1,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33,451 | €21,405 | €3 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €117,353 | €104,961 | €106,272 | €106,272 | €73,379 | ▼ 31.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €12,471 | - | -€3,736 | - | - |
| Other operating charges640/8 | €13,619 | €14,462 | €15,859 | €16,580 | €17,152 | ▲ 3.5% |
| Gross operating margin9900 | €201,734 | €207,977 | €164,282 | €154,253 | €112,290 | ▼ 27.2% |
| Operating profit (loss)9901 | €37,312 | €54,678 | €42,148 | €35,136 | €21,759 | ▼ 38.1% |
| Financial income75/76B | €2,645 | - | - | - | - | - |
| Recurring financial income75 | €2,645 | - | - | - | - | - |
| Non-recurring financial income76B | €2,645 | - | - | - | - | - |
| Financial charges65/66B | €47,826 | €47,052 | €36,307 | €32,468 | €50,228 | ▲ 54.7% |
| Recurring financial charges65 | €47,826 | €47,052 | €36,307 | €32,468 | €50,228 | ▲ 54.7% |
| Profit (loss) for the period before taxes9903 | -€7,869 | €7,625 | €5,841 | €2,668 | -€28,469 | ▼ 1,167% |
| Income taxes67/77 | €462 | €2,035 | €1,253 | €1,147 | -€2,035 | ▼ 277% |
| Profit (loss) for the period9904 | -€8,331 | €5,590 | €4,588 | €1,521 | -€26,434 | ▼ 1,838% |
| Profit (loss) for the period to be appropriated9905 | -€8,331 | €5,590 | €4,588 | €1,521 | -€26,434 | ▼ 1,838% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €1.1m | €1.0m | €918,354 | ▼ 8.6% |
| Formation expenses20 | €170 | - | - | - | - | - |
| Fixed assets21/28 | €1.1m | €1.0m | €927,152 | €820,879 | €747,501 | ▼ 8.9% |
| Tangible fixed assets22/27 | €1.1m | €983,424 | €877,152 | €770,879 | €697,501 | ▼ 9.5% |
| Land and buildings22 | €855,450 | €810,683 | €765,916 | €721,149 | €685,120 | ▼ 5.0% |
| Plant, machinery and equipment23 | €225,148 | €166,181 | €107,215 | €48,249 | €12,381 | ▼ 74.3% |
| Furniture and vehicles24 | - | €6,560 | €4,021 | €1,482 | €0 | ▼ 100% |
| Financial fixed assets28 | €50,215 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €254,603 | €284,736 | €204,123 | €183,452 | €170,853 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €254,484 | €284,736 | €204,123 | €183,394 | €170,729 | ▼ 6.9% |
| Trade receivables40 | €170,484 | €200,517 | €111,676 | €97,630 | €83,097 | ▼ 14.9% |
| Other amounts receivable41 | €84,000 | €84,219 | €92,447 | €85,763 | €87,632 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €119 | - | - | €59 | €124 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.1m | €1.0m | €918,354 | ▼ 8.6% |
| Equity10/15 | €449,232 | €454,822 | €459,410 | €460,931 | €434,497 | ▼ 5.7% |
| Contributions10/11 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Capital10 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Issued capital100 | €450,000 | €450,000 | €450,000 | €450,000 | €450,000 | = |
| Reserves13 | €378 | €378 | €607 | €607 | €607 | = |
| Non-distributable reserves130/1 | €378 | €378 | €607 | €607 | €607 | = |
| Legal reserve130 | €378 | €378 | €607 | €607 | €607 | = |
| Profit (loss) carried forward14 | -€1,146 | €4,444 | €8,803 | €10,324 | -€16,110 | ▼ 256% |
| Amounts payable17/49 | €936,355 | €863,338 | €671,865 | €543,400 | €483,857 | ▼ 11.0% |
| Amounts payable after more than one year17 | €759,180 | €635,934 | €514,373 | €380,291 | €399,627 | ▲ 5.1% |
| Financial debts170/4 | €759,180 | €635,934 | €514,373 | €380,291 | €399,627 | ▲ 5.1% |
| Amounts payable within one year42/48 | €177,175 | €227,404 | €157,492 | €163,109 | €84,230 | ▼ 48.4% |
| Current portion of amounts payable after more than one year42 | €127,581 | €123,246 | €132,039 | €137,818 | €64,179 | ▼ 53.4% |
| Financial debts43 | - | €11,506 | €2,769 | - | - | - |
| Credit institutions430/8 | - | €11,506 | €2,769 | - | - | - |
| Trade debts44 | €27,817 | €84,884 | €12,989 | €15,703 | €12,917 | ▼ 17.7% |
| Suppliers440/4 | €27,817 | €84,884 | €12,989 | €15,703 | €12,917 | ▼ 17.7% |
| Taxes, remuneration and social security45 | €16,777 | €2,049 | €3,288 | €3,182 | €727 | ▼ 77.1% |
| Taxes450/3 | €9,431 | €2,035 | €3,288 | €3,182 | €727 | ▼ 77.1% |
| Remuneration and social security454/9 | €7,346 | €14 | - | - | - | - |
| Other amounts payable47/48 | €5,000 | €5,720 | €6,407 | €6,407 | €6,407 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,331 | €5,590 | €4,588 | €1,521 | -€26,434 | ▼ 1,838% |
| + Depreciation and write-downs630 | €117,353 | €104,961 | €106,272 | €106,272 | €73,379 | ▼ 31.0% |
| Operating cash flow (approximation) | €109,022 | €110,552 | €110,860 | €107,794 | €46,945 | ▼ 56.4% |
| Investment in fixed assets (approximation) | - | -€7,572 | €0 | €0 | €0 | - |
| Change in cash | - | - | - | - | €66 | - |
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 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€26,434
Net result drops to -€26,434, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €5,590
Net result €5,590 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
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, Herve
Ground area
1.0 ha
Building footprint
1,661 m²
Parcel 63006D0243/00G000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006D0243/00G000 | Wallonia | 1.0 ha | 1 · 1,661 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 9,143 companies in sector 68201 we hold annual accounts for 6,769. 5,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
13929Manufacture of textiles
47789Other retail sale of new goods
77223Rental and leasing activities
77392Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.