Immo VDB
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 9 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 11% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €242,903 |
| Depreciation and write-downs of the year | €20,750 | €20,750 | €20,750 | €20,750 | €24,273 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,750 | €20,750 | €20,750 | €20,750 | €20,750 | €20,750 | €20,750 | €24,273 | ▲ 17.0% |
| Other operating charges640/8 | - | - | - | €969 | €970 | €9,128 | €9,545 | €5,810 | ▼ 39.1% |
| Gross operating margin9900 | €9,925 | €20,845 | €18,234 | €20,430 | €20,560 | €24,846 | €56,004 | €52,933 | ▼ 5.5% |
| Operating profit (loss)9901 | -€11,319 | -€350 | -€3,484 | -€1,289 | -€1,160 | -€5,032 | €25,708 | €22,850 | ▼ 11.1% |
| Financial income75/76B | - | - | - | - | - | - | - | €125 | - |
| Recurring financial income75 | - | - | - | - | - | - | - | €125 | - |
| Financial charges65/66B | - | - | - | €141 | €153 | €153 | €153 | €170 | ▲ 11.1% |
| Recurring financial charges65 | €130 | €130 | €139 | €141 | €153 | €153 | €153 | €170 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | -€11,448 | -€480 | -€3,623 | -€1,429 | -€1,313 | -€5,185 | €25,555 | €22,805 | ▼ 10.8% |
| Income taxes67/77 | - | - | - | - | - | - | - | €1,852 | - |
| Profit (loss) for the period9904 | -€11,448 | -€480 | -€3,623 | -€1,429 | -€1,313 | -€5,185 | €25,555 | €20,953 | ▼ 18.0% |
| Profit (loss) for the period to be appropriated9905 | -€11,448 | -€480 | -€3,623 | -€1,429 | -€1,313 | -€5,185 | €25,555 | €20,953 | ▼ 18.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 9.9% |
| Fixed assets21/28 | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €1.0m | ▲ 28.1% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | €0.8m | €1.0m | ▲ 28.1% |
| Land and buildings22 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €1.0m | ▲ 28.1% |
| Current assets29/58 | €0.02m | €0.04m | €0.05m | €0.06m | €0.08m | €0.1m | €0.1m | €0.02m | ▼ 85.3% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €426 | €0.002m | €0.004m | ▲ 143% |
| Other amounts receivable41 | - | - | - | - | - | €426 | €0.002m | €0.004m | ▲ 143% |
| Cash at bank and in hand54/58 | €0.02m | €0.04m | €0.05m | €0.06m | €0.08m | €0.1m | €0.1m | €0.02m | ▼ 87.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 9.9% |
| Equity10/15 | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | ▲ 2.3% |
| Contributions10/11 | €0.9m | €0.9m | - | €0.9m | €0.9m | €0.9m | €0.9m | €0.9m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.05m | ▲ 62.1% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.007m | €0.007m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.05m | ▲ 62.1% |
| Profit (loss) carried forward14 | -€0.02m | -€0.02m | -€0.02m | -€0.02m | -€0.02m | -€0.03m | -€0.002m | €0 | - |
| Amounts payable17/49 | €0.01m | €0.01m | €0.01m | - | - | - | €0.006m | €0.08m | ▲ 13× |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.01m | - | - | - | €0.006m | €0.08m | ▲ 13× |
| Trade debts44 | - | - | - | - | - | - | €0.006m | €0.006m | ▼ 2.1% |
| Suppliers440/4 | - | - | - | - | - | - | €0.006m | €0.006m | ▼ 2.1% |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €0.07m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,448 | -€480 | -€3,623 | -€1,429 | -€1,313 | -€5,185 | €25,555 | €20,953 | ▼ 18.0% |
| + Depreciation and write-downs630 | €20,750 | €20,750 | €20,750 | €20,750 | €20,750 | €20,750 | €20,750 | €24,273 | ▲ 17.0% |
| Operating cash flow (approximation) | €9,302 | €20,270 | €17,127 | €19,321 | €19,437 | €15,565 | €46,305 | €45,226 | ▼ 2.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€242,903 | - |
| Change in cash | - | €20,270 | €17,127 | €7,621 | €19,437 | €15,139 | €51,191 | -€128,995 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,049 companies had the same profile as Immo VDB has now. Two years later, 0.4% had gone bankrupt and 96.0% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of Immo VDB itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,049 companies, not a prediction for Immo VDB. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 13-07-2026 | 2026-00285921 | |
| 31-12-2024 | abbreviated format | 28-07-2025 | 2025-00318271 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00258298 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00250872 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20195055 | |
| 31-12-2020 | abbreviated format | 04-08-2021 | 2021-45800443 | |
| 31-12-2019 | abbreviated format | 29-10-2020 | 2020-64600542 | |
| 31-12-2018 | abbreviated format | 28-08-2019 | 2019-54400333 | |
| 31-12-2017 | abbreviated format | 16-07-2018 | 2018-34500281 |