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IMMO VIGOR

Active
Private limited companyfounded 1993active for 32 yearsHeiend 51, 2275 Lille, BelgiumKBO/BCE: BE 0451.652.091

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 11-06-2026 PDF all 32 filings

Turnover
≈ €460,000
Estimated: probably between €310,000 and €710,000
Total assets
€943,359▲ 23.6%
2024 · €763,233
Net result
€182,245
2024 · -€77,881
Working capital
€829,024▲ 28.2%
2024 · €646,779
Multi-year overview
2018 to 2025, 8 financial years
Operating result
€182,517
2025
20182025
Net result
€182,245
2025
20182025
Equity
€829,024
▲ 28.2% 2025
20182025
Total assets
€943,359
▲ 23.6% 2025
20182025
Debt
€114,335
▼ 1.8% 2025
20182025
Working capital
€829,024
▲ 28.2% 2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€144--€0.01m▼ 6,776%-€0.004m▲ 60.5%-€0.003m▲ 22.3%-€0.006m▼ 94.2%-€0.003m▲ 52.3%-€0.07m▼ 2,390%€0.2m
Net result-€0.009m--€0.02m▼ 106%-€0.009m▲ 51.3%-€0.007m▲ 15.8%-€0.01m▼ 30.5%-€0.02m▼ 96.2%-€0.08m▼ 307%€0.2m
Equity€0.8m-€0.8m▼ 2.3%€0.8m▼ 1.2%€0.8m▼ 1.0%€0.7m▼ 1.3%€0.7m▼ 2.6%€0.6m▼ 10.7%€0.8m▲ 28.2%
Total assets€1.2m-€1.2m▼ 0.3%€1.2m▲ 0.3%€1.2m▲ 0.8%€1.2m▲ 0.6%€0.8m▼ 32.5%€0.8m▼ 9.0%€0.9m▲ 23.6%
Debt€0.4m-€0.5m▲ 3.3%€0.5m▲ 2.9%€0.5m▲ 3.6%€0.5m▲ 3.7%€0.1m▼ 77.1%€0.1m▲ 2.3%€0.1m▼ 1.8%
Working capital€0.8m-€0.8m▼ 2.3%€0.8m▲ 0.4%€0.8m▲ 0.6%€0.7m▼ 6.1%€0.7m▼ 2.6%€0.6m▼ 10.7%€0.8m▲ 28.2%

The operating result for 2025 is a profit of €182,517, after a loss of €70,136 in 2024. It is the highest result since 2021.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €943,359
Equity €829,024 ▲ 28.2%
Debt €114,335 ▼ 1.8%
Debt's share of the balance-sheet total falls from 15.3% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
8.25▲
2024 · 6.55
Quick ratio
5.31▲
2024 · 0.53
Debt to equity
0.14▼
2024 · 0.18
ROE
22.0%▲
2024 · -12.0%
ROA
19.3%▲
2024 · -10.2%
Debt ≤ 1 year
€114,335▼
2024 · €116,454
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€763,233€943,359▲
Current assets29/58€763,233€943,359▲
Stocks and contracts in progress3€701,773€335,977▼
Stocks30/36€701,773€335,977▼
Amounts receivable within one year40/41-€1,055
Trade receivables40-€1,055
Cash at bank and in hand54/58€61,380€606,247▲
Deferred charges and accrued income490/1€81€81=
Equity and liabilities
Total equity and liabilities10/49€763,233€943,359▲
Equity10/15€646,779€829,024▲
Contributions10/11€434,892€434,892=
Reserves13€430,763€430,763=
Distributable reserves133€430,763€430,763=
Profit (loss) carried forward14-€218,876-€36,631▲
Amounts payable17/49€116,454€114,335▼
Amounts payable within one year42/48€116,454€114,335▼
Trade debts44-€124
Suppliers440/4-€124
Taxes, remuneration and social security45€17,981€15,738▼
Taxes450/3€17,981€15,738▼
Other amounts payable47/48€98,473€98,473=
Income statement Code20242025
Non-recurring operating income76A-€204,501
Other operating charges640/8€48,551€1,367▼
Gross operating margin9900-€21,585€183,884▲
Operating profit (loss)9901-€70,136€182,517▲
Financial charges65/66B€7,746€272▼
Recurring financial charges65€7,746€272▼
Profit (loss) for the period before taxes9903-€77,881€182,245▲
Profit (loss) for the period9904-€77,881€182,245▲
Profit (loss) for the period to be appropriated9905-€77,881€182,245▲
Appropriation of the result
Profit (loss) to be appropriated9906-€218,876-€36,631▲
Profit (loss) brought forward from the previous period14P-€140,995-€218,876▼

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 11-06-2026.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-------€204,501-
Other operating charges640/8---€1,673€1,691€1,859€48,551€1,367▼ 97.2%
Gross operating margin9900€1,452-€8,297-€2,248-€1,368-€4,214-€957-€21,585€183,884-
Operating profit (loss)9901-€144-€9,908-€3,915-€3,041-€5,905-€2,816-€70,136€182,517-
Financial income75/76B---€13,634€14,043€0---
Recurring financial income75€12,477€12,852€13,237€13,634€14,043€0---
Financial charges65/66B---€18,062€17,886€16,304€7,746€272▼ 96.5%
Recurring financial charges65€21,168€21,170€18,195€18,062€17,886€16,304€7,746€272▼ 96.5%
Profit (loss) for the period before taxes9903-€8,835-€18,226-€8,873-€7,469-€9,747-€19,120-€77,881€182,245-
Profit (loss) for the period9904-€8,835-€18,226-€8,873-€7,469-€9,747-€19,120-€77,881€182,245-
Profit (loss) for the period to be appropriated9905-€8,835-€18,226-€8,873-€7,469-€9,747-€19,120-€77,881€182,245-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€1.2m€1.2m€1.2m€1.2m€1.2m€0.8m€0.8m€0.9m▲ 23.6%
Current assets29/58€1.2m€1.2m€1.2m€1.2m€1.2m€0.8m€0.8m€0.9m▲ 23.6%
Stocks and contracts in progress3€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.7m€0.3m▼ 52.1%
Stocks30/36---€0.7m€0.7m€0.7m€0.7m€0.3m▼ 52.1%
Amounts receivable within one year40/41€0.4m€0.4m€0.5m€0.5m€0.5m--€0.001m-
Trade receivables40-------€0.001m-
Other amounts receivable41---€0.5m€0.5m----
Cash at bank and in hand54/58€0.09m€0.08m€0.07m€0.06m€0.06m€0.1m€0.06m€0.6m▲ 888%
Deferred charges and accrued income490/1-----€78€81€81=
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m€1.2m€1.2m€1.2m€0.8m€0.8m€0.9m▲ 23.6%
Equity10/15€0.8m€0.8m€0.8m€0.8m€0.7m€0.7m€0.6m€0.8m▲ 28.2%
Contributions10/11€0.4m€0.4m-€0.4m€0.4m€0.4m€0.4m€0.4m=
Reserves13€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m=
Non-distributable reserves130/1---€0.05m€0.05m----
Reserves not available under the articles1311---€0.05m€0.05m----
Distributable reserves133---€0.4m€0.4m€0.4m€0.4m€0.4m=
Profit (loss) carried forward14-€0.08m-€0.1m-€0.1m-€0.1m-€0.1m-€0.1m-€0.2m-€0.04m▲ 83.3%
Amounts payable17/49€0.4m€0.5m€0.5m€0.5m€0.5m€0.1m€0.1m€0.1m▼ 1.8%
Amounts payable within one year42/48€0.4m€0.4m€0.4m€0.4m€0.5m€0.1m€0.1m€0.1m▼ 1.8%
Trade debts44-€54€0.002m€0.001m€0.001m--€124-
Suppliers440/4---€0.001m€0.001m--€124-
Taxes, remuneration and social security45---€0.01m€0.02m€0.02m€0.02m€0.02m▼ 12.5%
Taxes450/3---€0.01m€0.02m€0.02m€0.02m€0.02m▼ 12.5%
Other amounts payable47/48---€0.4m€0.5m€0.09m€0.1m€0.1m=
Accrued charges and deferred income492/3---€0.04m-----
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€8,835-€18,226-€8,873-€7,469-€9,747-€19,120-€77,881€182,245-
Operating cash flow (approximation)-€8,835-€18,226-€8,873-€7,469-€9,747-€19,120-€77,881€182,245-
Change in cash--€16,717-€9,154-€4,298-€6,093€78,807-€75,220€544,867-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 20,136 companies had the same profile as IMMO VIGOR has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.0% was still going
4.7% stopped otherwise
0.2% went bankrupt

That fits the bankruptcy probability of IMMO VIGOR 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,136 companies, not a prediction for IMMO VIGOR. 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.

Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 11-06-2026 2026-00156964 PDF
31-12-2024 micro format 03-06-2025 2025-00121003 PDF
31-12-2023 micro format 05-06-2024 2024-00112912 PDF
31-12-2022 micro format 19-01-2024 2024-00005925 PDF
31-12-2021 micro format 22-08-2022 2022-20300737 PDF
31-12-2020 micro format 16-08-2021 2021-49900293 PDF
31-12-2019 micro format 17-10-2020 2020-62000235 PDF
31-12-2018 micro format 23-07-2019 2019-39000065 PDF
31-12-2017 abbreviated format 11-07-2018 2018-31400352 PDF
31-12-2016 abbreviated format 13-07-2017 2017-31100228 PDF

Show all 32 filings

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