Debts
€8.1m 83% of the balance sheet
Financial debts 75%Suppliers 0%Other 24%
Of this, €2.0m falls due within a year.
IMMO GRAM
Lifetime
18 annual accounts with figures on one time axis, 22 filings since 2003peak €867,469 (2024)
€867,469▲ 4.0%
lowest -€169,535 (2022)
€2,084▲ €25,270
peak €2.0m (2020)
€1.6m▲ 0.1%
€8.1m▲ 4.0%
peak 0.4 FTE (2019)
-not published
Board5 names since 2017
2 directorsMB & C° Consulting and 1 other
Owners
100%STUDIO GROUP
Documentsfilings and deeds
07-07-202524 days before the deadline
2024financial year
Back to profit: €2,084Appointment: DGST & Partners - Réviseur d'entreprises (statut… 17-10
Key points
from the 2024 annual accountsFilings
22 annual accounts 103 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
21 companies
Checked score
55
Fair
Financially stronger than 40% of small companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.2%▼ -0.1 percentage points vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.4 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026
10-2026: 1.7%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 1.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 08-07-2025)
Liquidity: current ratio 0.09, cash €15,653
Founded in 2002
lowers risk
Size: total assets €9.7m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 25% of them on solvency, 32% on liquidity, 58% on profitability and 46% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 733 companies had the same profile as IMMO GRAM has now. Each dot stands for 2 companies, two years later.
97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO GRAM itself is higher: 1.7% within 12 months. It rests on far more data about IMMO GRAM than the profile alone.
Test of the method
The method was tested on the 497,448 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 733 companies, not a prediction for IMMO GRAM. 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.
Credit verdict
Credit of up to €85,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.09 (0.09 in 2023), below 1. Short-term debt is 20.5% and cash 0.2% of total assets. 83.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 103 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline11-11-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
24 days early
2023
30 days early
2022
28 days early
2021
29 days late
2020
3 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 14 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Board and ownership
- STUDIO GROUP 100%score 93equity €9.0m (2025) · 2025 annual accounts of STUDIO GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478100033
Appointment: DGST & Partners - Réviseur d'entreprises (statutory auditor)
Permanent representative: Michaël De Ridder · General meeting of 02-09-2024 · Gazette deed
Changes of role: STUDIO MANAGEMENT (director) and MB & C° CONSULTING (director)
Permanent representative: Benoit MARGERY · “La constitution et la gestion d’un patrimoine immobilier, l’acquisition par l’achat ou autre, la vente…” (deed in French) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 08-11-2019 · Gazette deed
Merger: IMMO TELECOM takes over IMMO STUDIO
Company renamed from IMMO TELECOM to IMMO GRAM · Capital increase of €19,000 to €1,999,000 · Capital from €1,980,000 to €1,999,000, 19,000 new shares · General meeting of 24-06-2019 · Gazette deed
Official details
Source: KBO- Status
- Active since 31-07-2002Normal situation
- Registered office
- 23 active companies are registered at this addressSource: KBO register, as of 11 November 2026.
- Activity
- “La constitution et la gestion d’un patrimoine immobilier, l’acquisition par l’achat ou autre, la…” (deed in French)From the articles, 3 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.220.542.7071420 Braine-l'Alleud, since 01-07-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 23-07-2025
Insights on IMMO GRAM
IMMO GRAM has existed since 2002. In 2011 the gross margin rose from €26,150 to €142,517.
The gross margin has grown every year since 2021.
STUDIO GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMO GRAM
- What is the company number of IMMO GRAM?
- The company number of IMMO GRAM is 0478.100.033. The VAT number is the same number with BE in front: BE 0478.100.033.
- Where is IMMO GRAM based?
- The registered office is at Avenue du Japon 1, 1420 Braine-l'Alleud.Company details
- What is the legal form of IMMO GRAM?
- IMMO GRAM is a private limited company (BV).
- When was IMMO GRAM founded?
- IMMO GRAM was founded on 31-07-2002.
- Is IMMO GRAM still active?
- Yes, IMMO GRAM is an active enterprise in the KBO register.
- How many employees does IMMO GRAM have?
- IMMO GRAM had an average of 0.4 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of IMMO GRAM?
- The turnover in financial year 2024 is ≈ €2.0m. This figure is estimated from the gross margin of €867,469 and 2,274 comparable companies of the same size. It probably lies between €1.2m and €3.5m. It is a rough estimate.
- Is IMMO GRAM profitable?
- In financial year 2024, IMMO GRAM made a profit of €2,084.
- Where can I find the annual accounts of IMMO GRAM?
- IMMO GRAM filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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