IMMO VL
ActiveSummary
IMMO VL has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €354,904 and a net result of €39,396. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-18
Solvency49▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.8 in 2023; short-term debt: 56.2% and cash: 5% of total assets), but 76.3% of the assets are financed with debt.
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Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
37 d early
2022
32 d early
2021
46 d early
2020
37 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€354,904▲ 12.5%
2023 · €315,508
Total assets
€1.5m▼ 7.2%
2023 · €1.6m
Net result
€39,396▼ 48.4%
2023 · €76,307
Working capital
€503,756▼ 19.9%
2023 · €628,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€17,756▼ 85.9%€278,755▲ 1,470%€45,165▼ 83.8%€118,421▲ 162%€65,120▼ 45.0%
Net result-€7,115within the sector's middle half€252,722above the sector's middle half€8,535within the sector's middle half▼ 96.6%€76,307within the sector's middle half▲ 794%€39,396within the sector's middle half▼ 48.4%
Equity€247,945within the sector's middle half▼ 2.8%€230,667within the sector's middle half▼ 7.0%€239,201within the sector's middle half▲ 3.7%€315,508within the sector's middle half▲ 31.9%€354,904within the sector's middle half▲ 12.5%
Total assets€1.0mwithin the sector's middle half▼ 10.7%€1.3mwithin the sector's middle half▲ 27.5%€1.4mwithin the sector's middle half▲ 5.1%€1.6mwithin the sector's middle half▲ 19.1%€1.5mwithin the sector's middle half▼ 7.2%
Debt€760,120▼ 13.0%€1.1m▲ 38.8%€1.1m▲ 5.5%€1.3m▲ 16.4%€1.1m▼ 12.0%
Working capital€185,351within the sector's middle half▲ 12.7%€170,401within the sector's middle half▼ 8.1%€435,080within the sector's middle half▲ 155%€628,687above the sector's middle half▲ 44.5%€503,756within the sector's middle half▼ 19.9%
Solvency24.6%within the sector's middle half▲ 2.0pp17.9%within the sector's middle half▼ 6.7pp17.7%within the sector's middle half▼ 0.2pp19.6%within the sector's middle half▲ 1.9pp23.7%within the sector's middle half▲ 4.2pp
Current ratio1.40within the sector's middle half▲ 0.101.20within the sector's middle half▼ 0.191.61within the sector's middle half▲ 0.401.80within the sector's middle half▲ 0.191.60within the sector's middle half▼ 0.20
Return on assets (ROA)-0.7%within the sector's middle half▼ 7.9pp19.7%above the sector's middle half▲ 20.4pp0.6%within the sector's middle half▼ 19.0pp4.7%within the sector's middle half▲ 4.1pp2.6%within the sector's middle half▼ 2.1pp
Staff (FTE)18.3above the sector's middle half▲ 1.1%15.1above the sector's middle half▼ 17.5%14.5above the sector's middle half▼ 4.0%9.1above the sector's middle half▼ 37.2%9.5above the sector's middle half▲ 4.4%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2022 Net result -97% on 2021. This fiscal year ran 15 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 45% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.5m
Fixed assets
€150,887 ▼ 21.7%
Current assets
€1.3m ▼ 5.2%
Equity and liabilities €1.5m
Equity
€354,904 ▲ 12.5%
Debt
€1.1m ▼ 12.0%
Debt's share of the balance-sheet total falls from 80.4% to 76.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117,502▼
2023 · €166,731
Cash flow
€91,779▼
2023 · €124,617
Debt to equity
3.21▼
2023 · 4.11
ROE
11.1%▼
2023 · 24.2%
Interest coverage
3.32▼
2023 · 5.14
Debt ≤ 1 year
€840,197▲
2023 · €789,321
Debt > 1 year
€286,809▼
2023 · €490,227
Income taxes
€24,657▼
2023 · €31,439
Staff costs
€600,757▲
2023 · €563,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,980 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €111,877 | €24,017 | €1,932 | ▼ 92.0% |
| Remuneration, social security and pensions62 | - | - | €1.1m | €563,676 | €600,757 | ▲ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,850 | €82,353 | €90,354 | €48,310 | €52,382 | ▲ 8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15,686 | - | - |
| Other operating charges640/8 | - | - | €11,440 | €6,423 | €4,483 | ▼ 30.2% |
| Non-recurring operating charges66A | - | - | €47,011 | €28,611 | - | - |
| Gross operating margin9900 | €1.0m | €1.3m | €1.3m | €781,126 | €722,742 | ▼ 7.5% |
| Operating profit (loss)9901 | €17,756 | €278,755 | €45,165 | €118,421 | €65,120 | ▼ 45.0% |
| Financial income75/76B | - | - | €6,936 | €21,742 | €34,275 | ▲ 57.6% |
| Recurring financial income75 | €1,096 | €1,155 | €6,936 | €21,742 | €34,275 | ▲ 57.6% |
| Financial charges65/66B | - | - | €26,200 | €32,417 | €35,342 | ▲ 9.0% |
| Recurring financial charges65 | €14,869 | €12,242 | €26,200 | €32,417 | €35,342 | ▲ 9.0% |
| Profit (loss) for the period before taxes9903 | €3,983 | €267,668 | €25,901 | €107,746 | €64,053 | ▼ 40.6% |
| Income taxes67/77 | €11,098 | €14,946 | €17,366 | €31,439 | €24,657 | ▼ 21.6% |
| Profit (loss) for the period9904 | -€7,115 | €252,722 | €8,535 | €76,307 | €39,396 | ▼ 48.4% |
| Profit (loss) for the period to be appropriated9905 | -€7,115 | €259,438 | €8,535 | €76,307 | €39,396 | ▼ 48.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.3m | €1.4m | €1.6m | €1.5m | ▼ 7.2% |
| Fixed assets21/28 | €357,769 | €282,342 | €198,850 | €192,710 | €150,887 | ▼ 21.7% |
| Intangible fixed assets21 | €16,058 | €10,698 | €3,145 | €4,443 | €2,266 | ▼ 49.0% |
| Tangible fixed assets22/27 | €338,040 | €267,974 | €192,035 | €184,597 | €148,301 | ▼ 19.7% |
| Plant, machinery and equipment23 | - | - | €60,815 | €44,920 | €36,984 | ▼ 17.7% |
| Furniture and vehicles24 | - | - | €44,115 | €89,346 | €74,898 | ▼ 16.2% |
| Other tangible fixed assets26 | - | - | €87,105 | €50,331 | €36,419 | ▼ 27.6% |
| Financial fixed assets28 | €3,670 | €3,670 | €3,670 | €3,670 | €320 | ▼ 91.3% |
| Current assets29/58 | €650,296 | €1.0m | €1.2m | €1.4m | €1.3m | ▼ 5.2% |
| Amounts receivable after more than one year29 | - | - | - | €505,000 | €405,000 | ▼ 19.8% |
| Other amounts receivable291 | - | - | - | €505,000 | €405,000 | ▼ 19.8% |
| Amounts receivable within one year40/41 | €529,831 | €963,914 | €1.0m | €756,633 | €828,076 | ▲ 9.4% |
| Trade receivables40 | - | - | €610,134 | €659,035 | €486,233 | ▼ 26.2% |
| Other amounts receivable41 | - | - | €402,806 | €97,598 | €341,844 | ▲ 250% |
| Cash at bank and in hand54/58 | €98,215 | €11,660 | €94,231 | €111,677 | €74,931 | ▼ 32.9% |
| Deferred charges and accrued income490/1 | - | - | €45,864 | €44,698 | €35,946 | ▼ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.3m | €1.4m | €1.6m | €1.5m | ▼ 7.2% |
| Equity10/15 | €247,945 | €230,667 | €239,201 | €315,508 | €354,904 | ▲ 12.5% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €229,345 | €212,067 | €220,601 | €296,908 | €336,304 | ▲ 13.3% |
| Non-distributable reserves130/1 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | - | €23,267 | €23,267 | €23,267 | = |
| Distributable reserves133 | - | - | €195,474 | €273,641 | €313,037 | ▲ 14.4% |
| Amounts payable17/49 | €760,120 | €1.1m | €1.1m | €1.3m | €1.1m | ▼ 12.0% |
| Amounts payable after more than one year17 | €292,675 | €215,090 | €388,614 | €490,227 | €286,809 | ▼ 41.5% |
| Financial debts170/4 | - | - | €288,614 | €390,227 | €286,809 | ▼ 26.5% |
| Other amounts payable178/9 | - | - | €100,000 | €100,000 | - | - |
| Amounts payable within one year42/48 | €464,945 | €833,035 | €717,956 | €789,321 | €840,197 | ▲ 6.4% |
| Current portion of amounts payable after more than one year42 | - | - | €121,081 | €115,769 | €103,418 | ▼ 10.7% |
| Financial debts43 | - | - | €151,305 | €240,371 | €264,551 | ▲ 10.1% |
| Credit institutions430/8 | - | - | €151,305 | €240,371 | €264,551 | ▲ 10.1% |
| Trade debts44 | €161,841 | €256,082 | €338,628 | €349,160 | €318,388 | ▼ 8.8% |
| Suppliers440/4 | - | - | €338,628 | €349,160 | €318,388 | ▼ 8.8% |
| Advances received on contracts in progress46 | - | - | €16,351 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €90,406 | €83,836 | €153,654 | ▲ 83.3% |
| Taxes450/3 | - | - | €43,085 | €23,168 | €50,698 | ▲ 119% |
| Remuneration and social security454/9 | - | - | €47,321 | €60,667 | €102,956 | ▲ 69.7% |
| Other amounts payable47/48 | - | - | €187 | €187 | €187 | = |
| Accrued charges and deferred income492/3 | - | - | €6,114 | €15,662 | €12,929 | ▼ 17.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,115 | €252,722 | €8,535 | €76,307 | €39,396 | ▼ 48.4% |
| + Depreciation and write-downs630 | €94,850 | €82,353 | €90,354 | €48,310 | €52,382 | ▲ 8.4% |
| Operating cash flow (approximation) | €87,735 | €335,074 | €98,889 | €124,617 | €91,779 | ▼ 26.4% |
| Investment in fixed assets (approximation) | - | -€6,926 | -€6,861 | -€42,171 | -€10,559 | ▲ 75.0% |
| Change in cash | - | -€86,556 | €82,572 | €17,445 | -€36,746 | ▼ 311% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €252,722
Net result €252,722 after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€7,115
Net result drops to -€7,115, the lowest in the series; recovery starts the following year.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Geel · 3 establishment units since 1995
Ground area
2,230 m²
Building footprint
1,955 m²
Volume, LiDAR
15,525 m³
3 parcels, Flanders · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
IMMO VL
since 19952.074.471.197
IMMO VL
since 20082.168.201.705
IMMO VL
since 20082.182.557.111
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71057A0724/00A002 | Flanders | 988 m² | 1 · 503 m² | 10.8 m · 2 fl. |
| 13434F0698/00C005 | Flanders | 782 m² | 1 · 787 m² | 14.9 m · 3 fl. |
| 13008H0564/00Y000 | Flanders | 459 m² | 1 · 664 m² | 15.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- VP INVEST KEMPEN
- IMMO VL
Highest known parent: VP INVEST KEMPEN. The sources do not say who stands above it.
Owners 1
-
99.73%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of IMMO VL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 1,456 EUR awarded · 1,611 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 159 EUR | 159 EUR |
| 2023 | 2 | 1,161 EUR | 1,316 EUR |
| 2022 | 1 | 136 EUR | 136 EUR |
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,858 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
Founded14-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Contact
E-mail
Info@immovl.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456505457
Also
9925:BE0456505457
Registered
26-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.