Immo V.D.Z.
ActiveImmo V.D.Z. has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.93M and a net result of €292k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 59% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-24
Solvency95▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 4.53 against 3.8 in 2024), but 51.1% of the assets are financed with debt.
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.9%
Return on assets
7.4%
Age of the figures
8 mo
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
29 d late
2023
21 d late
2022
20 d early
2021
19 d early
2020
18 d early
2019
21 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€292k▼ 48.4%
2024 · €566k
2018: €108k
2019: €91k
2020: €210k
2021: €-296k
2022: €-129k
2023: €172k
2024: €566k
2018 → 2025
Working capital
€2.99M▲ 42.9%
2024 · €2.09M
2018: €753k
2019: €797k
2020: €2.00M
2021: €1.62M
2022: €1.50M
2023: €1.63M
2024: €2.09M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.02M-€895k▼ 12.6%€1.07M▲ 19.2%€1.63M▲ 53.0%€1.93M▲ 17.9%
Operating result€-220k-€-42k▲ 80.9%€265k€632k▲ 139%€437k▼ 30.9%
Net result€-296k-€-129k▲ 56.4%€172k€566k▲ 229%€292k▼ 48.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.94M
Fixed assets
€107k▼ 85.6%
Current assets
€3.84M▲ 35.1%
Equity and liabilities €3.94M
Equity
€1.93M▲ 17.9%
Provisions
€120k
Debt
€1.90M▼ 2.6%
The debt ratio falls from 54.4% to 48.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€443k▼
2024 · €681k
Cash flow
€298k▼
2024 · €615k
Solvency
48.9%▲
2024 · 45.6%
Current ratio
4.53▲
2024 · 3.80
Quick ratio
1.59▲
2024 · 0.42
Debt / equity
0.98▼
2024 · 1.19
ROE
15.2%▼
2024 · 34.7%
ROA
7.4%▼
2024 · 15.8%
Interest coverage
17.79▲
2024 · 10.32
Debt
€1.90M▼
2024 · €1.95M
Debt ≤ 1 year
€846k▲
2024 · €748k
Debt > 1 year
€1.05M▼
2024 · €1.20M
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€3.58M€3.94M▲
Fixed assets21/28€742k€107k▼
Tangible fixed assets22/27€742k€107k▼
Land and buildings22€741k€107k▼
Furniture and vehicles24€410€64▼
Financial fixed assets28€150€150=
Current assets29/58€2.84M€3.84M▲
Stocks and contracts in progress3€2.53M€2.49M▼
Stocks30/36€2.53M€2.49M▼
Amounts receivable within one year40/41€91k€1.34M▲
Trade receivables40-€1.15M
Other amounts receivable41€91k€192k▲
Cash at bank and in hand54/58€218k€222▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.58M€3.94M▲
Equity10/15€1.63M€1.93M▲
Contributions10/11€1.26M€1.26M=
Capital10€1.26M€1.26M=
Issued capital100€1.26M€1.26M=
Reserves13€378k€670k▲
Non-distributable reserves130/1€23k€23k=
Legal reserve130€23k€23k=
Tax-exempt reserves132€122k€483k▲
Distributable reserves133€233k€164k▼
Profit (loss) carried forward14€0-
Provisions and deferred taxes16-€120k
Deferred taxes168-€120k
Amounts payable17/49€1.95M€1.90M▼
Amounts payable after more than one year17€1.20M€1.05M▼
Financial debts170/4€1.20M€1.05M▼
Amounts payable within one year42/48€748k€846k▲
Current portion of amounts payable after more than one year42€78k€0▼
Financial debts43€0€169k▲
Credit institutions430/8€0€169k▲
Trade debts44€30k€82k▲
Suppliers440/4€30k€82k▲
Taxes, remuneration and social security45€0€27k▲
Taxes450/3€0€27k▲
Other amounts payable47/48€640k€569k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€6k▼
Other operating charges640/8€93k€83k▼
Gross operating margin9900€775k€526k▼
Operating profit (loss)9901€632k€437k▼
Financial income75/76B€0€415▲
Recurring financial income75€0€415▲
Financial charges65/66B€66k€25k▼
Recurring financial charges65€66k€25k▼
Profit (loss) for the period before taxes9903€566k€413k▼
Transfer to deferred taxes680-€120k
Income taxes67/77€0-
Profit (loss) for the period9904€566k€292k▼
Transfer to tax-exempt reserves689-€361k
Profit (loss) for the period to be appropriated9905€566k€-69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€245k€-69k▼
Profit (loss) brought forward from the previous period14P€-321k€0▲
Transfer from equity791/2-€69k
Transfer to equity691/2€245k€0▼
To the legal reserve6920€12k€0▼
To other reserves6921€233k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €566k ▲229%
Operating result €632k, net result €566k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 21 days late
2023
31-12
Financial
Back to profitnet €172k
Net result €172k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.07M ▲19.2%
Equity rises from €895k to €1.07M.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-296k ▼241%
Net result drops to €-296k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
05-07
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
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
25-06-2020
Resigned as Director
25-06-2020
Resigned as Managing director
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1984
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.
Rue des Hiercheuses 826001 CharleroiGround area
981 m²
Building footprint
46 m²
Volume, LiDAR
441 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Haies Germaine 15, 6032 Charleroi
since 19842.025.044.155
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52352B0187/00B002indicative | Wallonia | 665 m² | - | - |
| 52393B0179/00E005 | Wallonia | 316 m² | 1 · 46 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 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
IMMOBILIERE BOIS LES DAMES
BE 0449.523.734
Welkenraedt · Eq €1.92M
HOME DELUXE
BE 0874.369.579
Beringen · Eq €1.93M
MANIMMO
BE 0464.921.592
Boortmeerbeek · Eq €1.92M
IMMOFFICE
BE 0451.839.757
Zemst · Eq €1.92M
SEALINE INVEST
BE 0881.626.466
Oostende · Eq €1.93M
Of 9,633 companies in sector 68121 we hold annual accounts for 7,327. 3,021 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1983
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
70111
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.