IMMO-TOP
ActiveSummary
IMMO-TOP has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213,872 and a net result of €6,712. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+3
Solvency95▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.79 in 2023; short-term debt: 22.2% and cash: 1.3% of total assets), and 30.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
14 d late
2022
34 d early
2021
17 d early
2020
17 d late
2019
31 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 3 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€213,872▲ 3.2%
2023 · €207,160
Total assets
€307,047▼ 8.2%
2023 · €334,322
Net result
€6,712
2023 · -€1,383
Working capital
-€336▲ 98.1%
2023 · -€18,050
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
Line20202021202220232024
Operating result€24,284▲ 95.5%€65,175▲ 168%€24,533▼ 62.4%-€403€13,033
Net result€16,725▲ 217%€50,987▲ 205%€17,286▼ 66.1%-€1,383€6,712
Equity€150,270▲ 12.5%€191,257▲ 27.3%€208,543▲ 9.0%€207,160▼ 0.7%€213,872▲ 3.2%
Total assets€281,211=€362,328▲ 28.8%€380,822▲ 5.1%€334,322▼ 12.2%€307,047▼ 8.2%
Debt€118,567▼ 4.5%€159,853▲ 34.8%€162,217▲ 1.5%€118,255▼ 27.1%€85,424▼ 27.8%
Working capital€9,139▲ 23.4%€8,032▼ 12.1%-€19,514-€18,050▲ 7.5%-€336▲ 98.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13,033 after a loss of €403 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €307,047
Fixed assets
€239,313 ▼ 10.4%
Current assets
€67,734 ▲ 0.7%
Equity and liabilities €307,047
Equity
€213,872 ▲ 3.2%
Provisions
€7,752 ▼ 13.0%
Debt
€85,424 ▼ 27.8%
Debt's share of the balance-sheet total falls from 35.4% to 27.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51,387▲
2023 · €36,848
Cash flow
€45,066▲
2023 · €35,869
Current ratio
1.00▲
2023 · 0.79
Debt to equity
0.40▼
2023 · 0.57
ROE
3.1%▲
2023 · -0.7%
ROA
2.2%▲
2023 · -0.4%
Interest coverage
13.48▲
2023 · 12.32
Debt ≤ 1 year
€68,071▼
2023 · €85,315
Debt > 1 year
€17,006▼
2023 · €32,593
Income taxes
€4,694▲
2023 · €495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,032 | €14,785 | €30,616 | €37,252 | €38,354 | ▲ 3.0% |
| Other operating charges640/8 | - | €3,497 | €1,516 | €5,858 | €4,379 | ▼ 25.2% |
| Gross operating margin9900 | €29,452 | €83,456 | €56,666 | €42,706 | €55,766 | ▲ 30.6% |
| Operating profit (loss)9901 | €24,284 | €65,175 | €24,533 | -€403 | €13,033 | ▲ 3,331% |
| Financial income75/76B | - | €759 | €345 | €1,350 | €1,030 | ▼ 23.7% |
| Recurring financial income75 | €589 | €759 | €345 | €1,350 | €1,030 | ▼ 23.7% |
| Financial charges65/66B | - | €3,335 | €3,515 | €2,990 | €3,812 | ▲ 27.5% |
| Recurring financial charges65 | €4,027 | €3,335 | €3,515 | €2,990 | €3,812 | ▲ 27.5% |
| Profit (loss) for the period before taxes9903 | €20,846 | €62,599 | €21,363 | -€2,043 | €10,250 | ▲ 602% |
| Transfer from deferred taxes780 | - | €1,155 | €1,155 | €1,155 | €1,155 | = |
| Income taxes67/77 | €5,277 | €12,768 | €5,233 | €495 | €4,694 | ▲ 848% |
| Profit (loss) for the period9904 | €16,725 | €50,987 | €17,286 | -€1,383 | €6,712 | ▲ 585% |
| Transfer from tax-exempt reserves789 | - | €2,244 | €2,244 | €2,244 | €2,244 | = |
| Profit (loss) for the period to be appropriated9905 | €18,969 | €53,231 | €19,530 | €861 | €8,956 | ▲ 940% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,211 | €362,328 | €380,822 | €334,322 | €307,047 | ▼ 8.2% |
| Fixed assets21/28 | €229,996 | €256,760 | €286,158 | €267,058 | €239,313 | ▼ 10.4% |
| Tangible fixed assets22/27 | €229,996 | €256,760 | €286,158 | €267,058 | €239,313 | ▼ 10.4% |
| Land and buildings22 | - | €218,001 | €211,030 | €198,279 | €185,928 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | €14,019 | €18,913 | €30,004 | €28,411 | ▼ 5.3% |
| Furniture and vehicles24 | - | €24,741 | €56,214 | €38,775 | €24,974 | ▼ 35.6% |
| Current assets29/58 | €51,215 | €105,568 | €94,665 | €67,265 | €67,734 | ▲ 0.7% |
| Amounts receivable after more than one year29 | - | €9,500 | - | - | - | - |
| Trade receivables290 | - | €9,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €16,730 | €49,436 | €81,507 | €51,003 | €63,683 | ▲ 24.9% |
| Trade receivables40 | - | €16,608 | €57,045 | €24,428 | €39,409 | ▲ 61.3% |
| Other amounts receivable41 | - | €32,828 | €24,462 | €26,575 | €24,274 | ▼ 8.7% |
| Cash at bank and in hand54/58 | €12,985 | €46,632 | €12,408 | €16,261 | €4,051 | ▼ 75.1% |
| Deferred charges and accrued income490/1 | - | - | €750 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,211 | €362,328 | €380,822 | €334,322 | €307,047 | ▼ 8.2% |
| Equity10/15 | €150,270 | €191,257 | €208,543 | €207,160 | €213,872 | ▲ 3.2% |
| Contributions10/11 | - | €18,800 | €18,800 | €18,800 | €18,800 | = |
| Reserves13 | €36,231 | €33,987 | €31,743 | €29,499 | €27,255 | ▼ 7.6% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €30,787 | €28,543 | €26,299 | €24,055 | ▼ 8.5% |
| Distributable reserves133 | - | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Profit (loss) carried forward14 | €95,239 | €138,470 | €158,000 | €158,861 | €167,817 | ▲ 5.6% |
| Provisions and deferred taxes16 | €12,374 | €11,218 | €10,063 | €8,907 | €7,752 | ▼ 13.0% |
| Deferred taxes168 | - | €11,218 | €10,063 | €8,907 | €7,752 | ▼ 13.0% |
| Amounts payable17/49 | €118,567 | €159,853 | €162,217 | €118,255 | €85,424 | ▼ 27.8% |
| Amounts payable after more than one year17 | €76,492 | €62,317 | €47,691 | €32,593 | €17,006 | ▼ 47.8% |
| Financial debts170/4 | - | €62,317 | €47,691 | €32,593 | €17,006 | ▼ 47.8% |
| Amounts payable within one year42/48 | €42,076 | €97,536 | €114,179 | €85,315 | €68,071 | ▼ 20.2% |
| Current portion of amounts payable after more than one year42 | - | €15,336 | €14,627 | €16,334 | €16,864 | ▲ 3.2% |
| Trade debts44 | €20,454 | €56,394 | €54,156 | €33,330 | €23,194 | ▼ 30.4% |
| Suppliers440/4 | - | €56,394 | €54,156 | €33,330 | €23,194 | ▼ 30.4% |
| Taxes, remuneration and social security45 | - | €15,806 | €43,539 | €33,472 | €24,098 | ▼ 28.0% |
| Taxes450/3 | - | €15,806 | €43,539 | €32,472 | €24,098 | ▼ 25.8% |
| Remuneration and social security454/9 | - | - | - | €1,000 | - | - |
| Other amounts payable47/48 | - | €10,000 | €1,858 | €2,179 | €3,914 | ▲ 79.7% |
| Accrued charges and deferred income492/3 | - | - | €348 | €348 | €348 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,725 | €50,987 | €17,286 | -€1,383 | €6,712 | ▲ 585% |
| + Depreciation and write-downs630 | €13,032 | €14,785 | €30,616 | €37,252 | €38,354 | ▲ 3.0% |
| Operating cash flow (approximation) | €29,757 | €65,771 | €47,903 | €35,869 | €45,066 | ▲ 25.6% |
| Investment in fixed assets (approximation) | - | -€41,549 | -€60,014 | -€18,152 | -€10,609 | ▲ 41.6% |
| Change in cash | - | €33,647 | -€34,224 | €3,854 | -€12,210 | ▼ 417% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,712
Net result €6,712 after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Weakest financial yearnet -€1,383
Net result drops to -€1,383, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €208,543 ▲9%
4 profitable years in a row build equity to €208,543.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €50,987 ▲205%
Operating result €65,175, net result €50,987, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Equity above €150,000Eq €150,270 ▲12.5%
2 profitable years in a row build equity to €150,270.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Show earlier events
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
01-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
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, Herstal · 1 establishment unit since 2001
Ground area
1,483 m²
Building footprint
102 m²
Volume, LiDAR
355 m³
Parcel 62064B0397/00V000, Wallonia · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue du Cheval Blanc 40, 4042 Herstal
since 20012.096.942.733
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62064B0397/00V000 | Wallonia | 1,483 m² | 1 · 101 m² | 4.9 m · 1 fl. |
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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,923 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 (pre-2019)
Founded20-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473557067
Registered
26-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.