Immo VDW
ActiveSummary
Immo VDW has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €274k and a net result of €16k. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-1
Solvency43▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.06 against 0.06 in 2023; short-term debt: 42.2% and cash: 0.5% of total assets), and 81.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 16-07-2025, 15 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
23 d early
2022
14 d early
2021
31 d early
2020
18 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€274k▲ 6.1%
2023 · €259k
2018: €89klowest in 7 years
2019: €112k▲ +26.4% vs 2018
2020: €146k▲ +30.6% vs 2019
2021: €172k▲ +17.7% vs 2020
2022: €228k▲ +32.1% vs 2021
2023: €259k▲ +13.6% vs 2022
2024: €274k▲ +6.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.51M▼ 1.6%
2023 · €1.54M
2018: €539klowest in 7 years
2019: €683k▲ +26.8% vs 2018
2020: €805k▲ +17.8% vs 2019
2021: €1.12M▲ +39.1% vs 2020
2022: €1.47M▲ +30.9% vs 2021
2023: €1.54M▲ +4.9% vs 2022highest in 7 years
2024: €1.51M▼ -1.6% vs 2023
2018 → 2024
Net result
€16k▼ 49.0%
2023 · €31k
2018: €13k
2019: €11k▼ -13.4% vs 2018lowest in 7 years
2020: €34k▲ +212% vs 2019
2021: €26k▼ -24.2% vs 2020
2022: €55k▲ +113% vs 2021highest in 7 years
2023: €31k▼ -44.0% vs 2022
2024: €16k▼ -49.0% vs 2023
2018 → 2024
Working capital
€-603k▼ 8.0%
2023 · €-559k
2019: €-172khighest in 6 years
2020: €-233k▼ -34.9% vs 2019
2021: €-266k▼ -14.3% vs 2020
2022: €-415k▼ -56.0% vs 2021
2023: €-559k▼ -34.7% vs 2022
2024: €-603k▼ -8.0% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€146k-€172k▲ 17.7%€228k▲ 32.1%€259k▲ 13.6%€274k▲ 6.1%
2020: €146klowest in 5 years
2021: €172k▲ +17.7% vs 2020
2022: €228k▲ +32.1% vs 2021
2023: €259k▲ +13.6% vs 2022
2024: €274k▲ +6.1% vs 2023highest in 5 years
Operating result€51k-€47k▼ 7.8%€73k▲ 54.0%€46k▼ 36.9%€35k▼ 23.0%
2020: €51k
2021: €47k▼ -7.8% vs 2020
2022: €73k▲ +54.0% vs 2021highest in 5 years
2023: €46k▼ -36.9% vs 2022
2024: €35k▼ -23.0% vs 2023lowest in 5 years
Net result€34k-€26k▼ 24.2%€55k▲ 113%€31k▼ 44.0%€16k▼ 49.0%
2020: €34k
2021: €26k▼ -24.2% vs 2020
2022: €55k▲ +113% vs 2021highest in 5 years
2023: €31k▼ -44.0% vs 2022
2024: €16k▼ -49.0% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 23% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.51M
Fixed assets
€1.48M ▼ 1.6%
Current assets
€35k ▼ 1.3%
Equity and liabilities €1.51M
Equity
€274k ▲ 6.1%
Debt
€1.24M ▼ 3.2%
Debt's share of the balance-sheet total falls from 83.2% to 81.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▼
2023 · €96k
Cash flow
€74k▼
2023 · €81k
Current ratio
0.06▼
2023 · 0.06
Debt to equity
4.51▼
2023 · 4.95
ROE
5.8%▼
2023 · 12.0%
ROA
1.0%▼
2023 · 2.0%
Interest coverage
8.72▲
2023 · 8.06
Debt ≤ 1 year
€638k▲
2023 · €594k
Debt > 1 year
€600k▼
2023 · €684k
Income taxes
€9k▲
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.54M€1.51M▼
Fixed assets21/28€1.50M€1.48M▼
Tangible fixed assets22/27€1.50M€1.48M▼
Land and buildings22€1.50M€1.46M▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24-€20k
Current assets29/58€36k€35k▼
Amounts receivable within one year40/41€2k€2k=
Other amounts receivable41€2k€2k=
Current investments50/53€13k€25k▲
Cash at bank and in hand54/58€18k€8k▼
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.54M€1.51M▼
Equity10/15€259k€274k▲
Contributions10/11€69k€69k=
Reserves13€190k€206k▲
Distributable reserves133€190k€206k▲
Amounts payable17/49€1.28M€1.24M▼
Amounts payable after more than one year17€684k€600k▼
Financial debts170/4€684k€600k▼
Amounts payable within one year42/48€594k€638k▲
Current portion of amounts payable after more than one year42€81k€83k▲
Trade debts44€252€22k▲
Suppliers440/4€252€22k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€4k€4k▼
Other amounts payable47/48€509k€529k▲
Accrued charges and deferred income492/3€1k€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€59k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€102k€100k▼
Operating profit (loss)9901€46k€35k▼
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€34k€25k▼
Income taxes67/77€3k€9k▲
Profit (loss) for the period9904€31k€16k▼
Profit (loss) for the period to be appropriated9905€31k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€16k▼
Transfer to equity691/2€31k€16k▼
To other reserves6921€31k€16k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38k | €56k | €30k | €50k | €59k | ▲ 17.3% |
| Other operating charges640/8 | - | €3k | €4k | €5k | €6k | ▲ 10.7% |
| Gross operating margin9900 | €92k | €107k | €107k | €102k | €100k | ▼ 1.3% |
| Operating profit (loss)9901 | €51k | €47k | €73k | €46k | €35k | ▼ 23.0% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | - | €19k | €12k | €12k | €11k | ▼ 9.5% |
| Recurring financial charges65 | €14k | €19k | €12k | €12k | €11k | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €38k | €29k | €61k | €34k | €25k | ▼ 27.8% |
| Income taxes67/77 | €3k | €3k | €6k | €3k | €9k | ▲ 177% |
| Profit (loss) for the period9904 | €34k | €26k | €55k | €31k | €16k | ▼ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €34k | €26k | €55k | €31k | €16k | ▼ 49.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €805k | €1.12M | €1.47M | €1.54M | €1.51M | ▼ 1.6% |
| Fixed assets21/28 | €736k | €1.06M | €1.41M | €1.50M | €1.48M | ▼ 1.6% |
| Tangible fixed assets22/27 | €736k | €1.06M | €1.41M | €1.50M | €1.48M | ▼ 1.6% |
| Land and buildings22 | - | €1.06M | €1.41M | €1.50M | €1.46M | ▼ 2.9% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 40.5% |
| Furniture and vehicles24 | - | - | - | - | €20k | - |
| Current assets29/58 | €69k | €55k | €58k | €36k | €35k | ▼ 1.3% |
| Amounts receivable within one year40/41 | €5k | €5k | €8k | €2k | €2k | = |
| Trade receivables40 | - | - | €22 | - | - | - |
| Other amounts receivable41 | - | €5k | €8k | €2k | €2k | = |
| Current investments50/53 | - | - | €1k | €13k | €25k | ▲ 92.3% |
| Cash at bank and in hand54/58 | €45k | €50k | €49k | €18k | €8k | ▼ 56.3% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €805k | €1.12M | €1.47M | €1.54M | €1.51M | ▼ 1.6% |
| Equity10/15 | €146k | €172k | €228k | €259k | €274k | ▲ 6.1% |
| Contributions10/11 | - | €69k | €69k | €69k | €69k | = |
| Reserves13 | €78k | €104k | €159k | €190k | €206k | ▲ 8.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €102k | €157k | €190k | €206k | ▲ 8.3% |
| Amounts payable17/49 | €658k | €947k | €1.24M | €1.28M | €1.24M | ▼ 3.2% |
| Amounts payable after more than one year17 | €357k | €627k | €765k | €684k | €600k | ▼ 12.3% |
| Financial debts170/4 | - | €627k | €765k | €684k | €600k | ▼ 12.3% |
| Amounts payable within one year42/48 | €301k | €321k | €472k | €594k | €638k | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | - | €66k | €81k | €81k | €83k | ▲ 2.7% |
| Trade debts44 | €27 | €988 | - | €252 | €22k | ▲ 8,731% |
| Suppliers440/4 | - | €988 | - | €252 | €22k | ▲ 8,731% |
| Taxes, remuneration and social security45 | - | €2k | €5k | €4k | €4k | ▼ 12.8% |
| Taxes450/3 | - | €2k | €5k | €4k | €4k | ▼ 12.8% |
| Other amounts payable47/48 | - | €252k | €387k | €509k | €529k | ▲ 4.1% |
| Accrued charges and deferred income492/3 | - | - | €1k | €1k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34k | €26k | €55k | €31k | €16k | ▼ 49.0% |
| + Depreciation and write-downs630 | €38k | €56k | €30k | €50k | €59k | ▲ 17.3% |
| Operating cash flow (approximation) | €72k | €82k | €85k | €81k | €74k | ▼ 8.0% |
| Investment in fixed assets (approximation) | - | €-385k | €-373k | €-144k | €-34k | ▲ 76.4% |
| Change in cash | - | €5k | €-2k | €-31k | €-10k | ▲ 66.7% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €55k ▲113%
Operating result €73k, net result €55k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲32.1%
5 profitable years in a row build equity to €228k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €172k ▲17.7%
4 profitable years in a row build equity to €172k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €11k ▼13.4%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €112k ▲26.4%
2 profitable years in a row build equity to €112k.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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-Katelijne-Waver · 1 establishment unit since 2015
Ground area
1,812 m²
Building footprint
181 m²
Volume, LiDAR
540 m³
Parcel 12027B0068/00G000, Flanders · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bosstraat 140, 2861 Sint-Katelijne-Waver
since 20152.247.882.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12027B0068/00G000 | Flanders | 1,812 m² | 1 · 181 m² | 4.4 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 7,321 companies in sector 68110 we hold annual accounts for 5,384. 3,854 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
Founded10-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.