IMMO TOUBKAL
ActiveIMMO TOUBKAL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.37M) and a net result of €-1.30M. Equity is shrinking by ~33.3% per year across the filed fiscal years. Its solvency ranks better than 8% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-36
Solvency0▼-23
Growth55=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.71 against 51.43 in 2024; short-term debt: 140.5% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-40.5%
Return on assets
-38.5%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-1.37M
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d early
2023
761 d late
2022
58 d late
2021
32 d early
2020
146 d late
2019
83 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€741k▲ 1.4%
2023 · €731k
2018: €113k
2019: €83k
2020: €757k
2021: €447k
2022: €647k
2023: €731k
2018 → 2024
EBIT margin
32.7%▲ 39.9pp
2023 · -7.2%
2018: 9.0%
2019: 5.3%
2020: -7.9%
2021: 6.8%
2022: -1.9%
2023: -7.2%
2018 → 2024
Net result
€-1.30M▼ 6,346%
2024 · €-20k
2018: €10k
2019: €2k
2020: €-95k
2021: €-20k
2022: €-81k
2023: €-233k
2024: €-20k
2018 → 2025
Working capital
€-1.37M
2024 · €3.34M
2018: €-6k
2019: €-19k
2020: €978k
2021: €1.30M
2022: €1.93M
2023: €2.64M
2024: €3.34M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€447k-€647k▲ 44.7%€731k▲ 13.1%€741k▲ 1.4%
Equity€268k-€186k▼ 30.3%€-47k€-67k▼ 43.3%€-1.37M▼ 1,948%
Operating result€30k-€-12k€-53k▼ 333%€242k€-973k
Net result€-20k-€-81k▼ 300%€-233k▼ 187%€-20k▲ 91.3%€-1.30M▼ 6,346%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €973k after €242k in 2024, the lowest result in the available series.
Key figures and ratios
Solvency
-40.5%▼
2024 · -1.8%
Current ratio
0.71▼
2024 · 51.43
Quick ratio
0.71▼
2024 · 2.17
Debt / equity
-3.47▲
2024 · -57.65
ROA
-38.5%▼
2024 · -0.5%
Debt
€4.76M▲
2024 · €3.86M
Debt ≤ 1 year
€4.76M▲
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.79M€3.39M▼
Fixed assets21/28€390k-
Tangible fixed assets22/27€390k-
Land and buildings22€390k-
Current assets29/58€3.40M€3.39M▼
Stocks and contracts in progress3€3.26M-
Stocks30/36€3.26M-
Amounts receivable within one year40/41€144k€3.39M▲
Trade receivables40-€3.27M
Other amounts receivable41€144k€123k▼
Cash at bank and in hand54/58€5€5=
Equity and liabilities
Total equity and liabilities10/49€3.79M€3.39M▼
Equity10/15€-67k€-1.37M▼
Contributions10/11€409k€409k=
Profit (loss) carried forward14€-476k€-1.78M▼
Amounts payable17/49€3.86M€4.76M▲
Amounts payable after more than one year17€3.80M-
Financial debts170/4€3.80M-
Amounts payable within one year42/48€66k€4.76M▲
Financial debts43€62k€4.19M▲
Credit institutions430/8€62k€4.19M▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€892€567k▲
Taxes450/3€892€567k▲
Income statement
Code20242025
Turnover70€741k-
Goods, raw materials, services and sundry goods60/61€495k€410k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€246k€-971k▼
Operating profit (loss)9901€242k€-973k▼
Financial income75/76B€2k-
Recurring financial income75€121-
Non-recurring financial income76B€2k-
Financial charges65/66B€264k€332k▲
Recurring financial charges65€259k€332k▲
Non-recurring financial charges66B€5k-
Profit (loss) for the period before taxes9903€-20k€-1.30M▼
Profit (loss) for the period9904€-20k€-1.30M▼
Profit (loss) for the period to be appropriated9905€-20k€-1.30M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-476k€-1.78M▼
Profit (loss) brought forward from the previous period14P€-455k€-476k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 761 days late
2025
31-12
Financial
Weakest financial yearnet €-1.30M
Net result drops to €-1.30M, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 42.74
Current ratio from 15.65 to 42.74; short-term debt falls from €132k to €63k.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
31-12
Financial
Liquidity times 11current ratio 6.19
Current ratio from 0.56 to 6.19.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Sint-Jans-Molenbeek · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Picardstraat 761080 Sint-Jans-MolenbeekGround area
202 m²
Building footprint
202 m²
Volume, LiDAR
2,727 m³
2 parcels, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
IMMO TOUBKAL
since 20162.257.911.461
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0056/00F002 | Brussels | 128 m² | 1 · 128 m² | 19.3 m · 6 fl. |
| 21012A0161/00E000 | Brussels | 74 m² | 1 · 75 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Immo Yes
BE 0831.698.487
Beveren-Kruibeke-Zwijndrecht · Eq €188k
MAALISIMMO
BE 0675.467.913
Lendelede · Eq €184k
VORDENSTEYN HOF
BE 0441.789.171
Schoten · Eq €189k
ORIENT INVEST
BE 0846.634.608
Anzegem · Eq €189k
KAPHIS
BE 0462.099.684
Wijnegem · Eq €189k
Of 3,768 companies in sector 68321 we hold annual accounts for 1,391. 1,001 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-2014
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
68121Development of residential building projects
68122Development of non-residential building projects
68310Real estate agency activities
68311Real estate activities
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.