Losses
-€893,076 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
IMMO PMS
Lifetime
17 annual accounts with figures on one time axispeak €1.4m (2025)
€1.4m▲ 11.5%
lowest -€312,971 (2023)
-€300,228▼ €160,828
peak €3.9m (2024)
€3.4m▼ 11.8%
€19.0m▼ 2.8%
peak 0 FTE (2024)
0 FTE
Board11 names since 2020
3 directorsGVDB and 2 others
Owners5 names in the annual accounts
100%PMSWEET
Documentsfilings and deeds
12-06-202649 days before the deadline
2025financial year
Loss of €300,228Cash from €57,662 to €93,683
Key points
from the 2025 annual accountsTurnover
≈ €1.7m estimated
The accounts state no turnover.
Debts
€19.0m 85% of the balance sheet
Financial debts 80%Suppliers 0%Other 19%
€15.5m of the debts are secured on the company's own assets. In 2021 that was €41,989.
Investments
€27,710 0.0 × depreciation
Green is investment, beige is depreciation.
Filings
17 annual accounts since 2009
Three of the last ten came late. The 2021 accounts came latest: 31 days after the end of the period.
Position in the sector
-€300,228
Lower net result than 90% of companies in real estate. Sector median €20,538 · 5,811 companies.
Checked score
91
Excellent
Financially stronger than 28% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,721 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● 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: 0.2%● unchanged vs 05-2025highest value
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
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: 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.51, cash €93,683
Equity €3.4m (15.2% of total assets)
lowers risk
Size: total assets €22.4m
Figures for financial year 2025 (filed on 12-06-2026)
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 (NACE 68, medium-sized). It does better than 36% of them on solvency, 31% on liquidity, 28% on profitability and 19% on growth.
The bankruptcy probability was computed on 07-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 120 companies had the same profile as IMMO PMS has now. Each dot is one company, two years later.
95.0%
were still trading
5.0%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of IMMO PMS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 120 companies, not a prediction for IMMO PMS. 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 €310,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.51 (0.53 in 2024), below 1. Short-term debt is 28.1% and cash 0.4% of total assets. 84.8% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€300,228
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
35 days early
2023
36 days early
2022
49 days early
2021
31 days late
2020
4 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Reappointment: Rewise AD Réviseur d'Entreprises SRL (statutory auditor)
General meeting of 07-06-2024 · Gazette deed
Company renamed from IMMO TN to IMMO PMS
Resignations: Philippe LHOEST, Michael LABRO and Guillaume VANDER BORGHT · Appointments: WAMCO, LABRO MICHAEL PROPERTY & CONSULTING and GVDB · Permanent representatives: Arnaud WOITRIN, Michael LABRO and Guillaume VANDER BORGHT · General meeting of 15-12-2023 · Gazette deed
Appointment: REWISE AD REVISEUR D'ENTREPRISES (statutory auditor)
General meeting of 21-12-2022 · Gazette deed
Registered office moved within Dison
New registered office: Rue du Progrès, 5 à 4821 DISON · Previous registered office: Rue du Progrès, 16 à 4821 DISON · General meeting of 27-06-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMO PMS Dison | €22.4m | €1.4m | 15.2% | 0 |
| MP HOLDINGS Woluwe-Saint-Lambert | €20.8m | €1.5m | 14.1% | 0 |
| TeVa RE Genk | €24.3m | €1.5m | 17.6% | 0 |
| V.G. INVEST Brasschaat | €30.4m | €1.7m | 11.3% | 0 |
| Prologis Belgium XVI (A) Antwerp | €23.9m | €2.2m | 34.4% | 0 |
| GROEP ADC Tongeren-Borgloon | €18.2m | €0.8m | 92.0% | 0 |
| MELIMO Thimister-Clermont | €14.6m | €1.5m | 84.6% | 0 |
These companies have the same main activity as IMMO PMS: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €15m and €30m, founded between 1999 and 2010.
Official details
Source: KBO- Status
- Active since 15-10-2008Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.176.510.7444821 Dison, since 30-10-2008
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €22.4m▼ 4.3%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on IMMO PMS
IMMO PMS has existed since 2008. The present size dates from 2024. The gross margin rose that year from €306,075 to €1.3m.
PMSWEET holds all the shares. In January 2024, three directors stepped down.
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 PMS
- What is the company number of IMMO PMS?
- The company number of IMMO PMS is 0807.122.944. The VAT number is the same number with BE in front: BE 0807.122.944.
- Where is IMMO PMS based?
- The registered office is at Rue du Progrès 5, 4821 Dison.Company details
- What does IMMO PMS do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of IMMO PMS?
- IMMO PMS is a public limited company (NV).
- When was IMMO PMS founded?
- IMMO PMS was founded on 15-10-2008.
- Is IMMO PMS still active?
- Yes, IMMO PMS is an active enterprise in the KBO register.
- What is the turnover of IMMO PMS?
- The turnover in financial year 2025 is ≈ €1.7m. This figure is estimated from the gross margin of €1.4m and 32 comparable companies (NACE 68203). It probably lies between €1.4m and €2.0m.Financials
- Is IMMO PMS profitable?
- In financial year 2025, IMMO PMS made a loss of €300,228.
- Where can I find the annual accounts of IMMO PMS?
- IMMO PMS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMO PMS due?
- IMMO PMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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