IMMO VM
ActiveSummary
IMMO VM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €852k. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 14% of 709 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+28
Solvency25▲+8
Growth85▲+7
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 0.92 in 2024; short-term debt: 82.3% and cash: 4.5% of total assets), and 99.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
0.3%
Return on assets
10%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 709 sector peers (2025).
NBB · sector comparisonPosition among 709 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
27 d early
2023
22 d early
2022
41 d early
2021
25 d early
2020
18 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.17M
2024 · €0
2023: €53k
2024: €0
2023 → 2025
EBIT margin
41.3%▲ 123.0pp
2023 · -81.7%
2023: -81.7%
2023 → 2025
Net result
€852k
2024 · €-149k
2018: €-212k
2019: €-231k
2020: €-134k
2021: €-122k
2022: €2.14M
2023: €-148k
2024: €-149k
2018 → 2025
Working capital
€1.51M
2024 · €-823k
2018: €-4.68M
2019: €-4.91M
2020: €-5.05M
2021: €-5.17M
2022: €-535k
2023: €-683k
2024: €-823k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€53k€0▼ 100%€2.17M
Equity€-5.17M-€-530k▲ 89.7%€-678k▼ 28.0%€-827k▼ 22.0%€25k
Operating result€-19k-€2.33M€-43k€-14k▲ 68.0%€897k
Net result€-122k-€2.14M€-148k€-149k▼ 0.5%€852k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €897k after a loss of €14k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.56M
Fixed assets
€5k =
Current assets
€8.56M ▼ 13.6%
Equity and liabilities €8.56M
Equity
€25k
Debt
€8.54M
Debt finances 99.7% of the balance-sheet total.
Key figures and ratios
Current ratio
1.21▲
2024 · 0.92
Quick ratio
0.75▲
2024 · 0.51
ROA
10.0%▲
2024 · -1.5%
Debt ≤ 1 year
€7.05M▼
2024 · €10.73M
Debt > 1 year
€1.48M
A ratio outside any meaningful range has been withheld (balance sheet total €8.56M, equity €25k).
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 · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9.91M€8.56M▼
Fixed assets21/28€5k€5k=
Financial fixed assets28€5k€5k=
Affiliated companies280/1€5k€5k=
Participating interests280€5k€5k=
Current assets29/58€9.90M€8.56M▼
Amounts receivable after more than one year29€4.58M€4.58M=
Other amounts receivable291€4.58M€4.58M=
Stocks and contracts in progress3€4.47M€3.30M▼
Stocks30/36€4.47M€3.30M▼
Property held for sale35€4.47M€3.30M▼
Amounts receivable within one year40/41€799k€282k▼
Other amounts receivable41€799k€282k▼
Cash at bank and in hand54/58€23k€383k▲
Deferred charges and accrued income490/1€33k€14k▼
Equity and liabilities
Total equity and liabilities10/49€9.91M€8.56M▼
Equity10/15€-827k€25k▲
Contributions10/11€6.08M€6.08M=
Capital10€6.08M€6.08M=
Issued capital100€6.08M€6.08M=
Reserves13€382k€382k=
Non-distributable reserves130/1€358k€358k=
Legal reserve130€358k€358k=
Tax-exempt reserves132€24k€24k=
Profit (loss) carried forward14€-7.29M€-6.44M▲
Amounts payable17/49€10.74M€8.54M▼
Amounts payable after more than one year17-€1.48M
Financial debts170/4-€1.48M
Credit institutions173-€1.48M
Amounts payable within one year42/48€10.73M€7.05M▼
Financial debts43€6.15M€2.81M▼
Credit institutions430/8€6.15M€2.81M▼
Trade debts44€5k€36k▲
Suppliers440/4€5k€36k▲
Advances received on contracts in progress46-€15k
Taxes, remuneration and social security45€126€128▲
Taxes450/3€126€128▲
Other amounts payable47/48€4.57M€4.19M▼
Accrued charges and deferred income492/3€10k€12k▲
Income statement
Code20242025
Operating income70/76A€54k€2.17M▲
Turnover70€0€2.17M▲
Other operating income74€54k€0▼
Operating charges60/66A€68k€1.28M▲
Goods for resale, raw materials and consumables60€0€1.18M▲
Purchases600/8€0€9k▲
Change in stocks: decrease (increase)609€0€1.17M▲
Services and other goods61€27k€95k▲
Other operating charges640/8€40k€1k▼
Operating profit (loss)9901€-14k€897k▲
Financial income75/76B€120k€172k▲
Recurring financial income75€120k€172k▲
Income from current assets751€120k€172k▲
Financial charges65/66B€255k€217k▼
Recurring financial charges65€255k€215k▼
Debt charges650€243k€206k▼
Other financial charges652/9€12k€10k▼
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€-149k€852k▲
Income taxes67/77€0-
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€-149k€852k▲
Profit (loss) for the period to be appropriated9905€-149k€852k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7.29M€-6.44M▲
Profit (loss) brought forward from the previous period14P€-7.14M€-7.29M▼
The notes to these accounts (30 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
30-03
State Gazette act
Resignation: Magdalena DE ROECK (director)Appointment: BV INCREMENTUM INVEST (director)3 facts ▸
State Gazette act
Resignation: Magdalena DE ROECK (director)
Appointment: BV INCREMENTUM INVEST (director)3 facts ▸
- General meeting, 23 december 2025
- Director resignation, Magdalena DE ROECK (director)
- Director appointment, BV INCREMENTUM INVEST (director)
2025
31-12
Financial
Back to profitnet €852k
Net result €852k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €2.14M
Net result €2.14M after 4 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-231k
Net result drops to €-231k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
BV INCREMENTUM INVEST
CurrentDirector · since 01-01-2026 · Legal entity
01-01-2026
BV INCREMENTUM INVEST: Appointed as Director
31-12-2025
Magdalena DE ROECK: Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2018
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.
LAR Blok Z (Aal) 58511 KortrijkGround area
12.1 ha
Building footprint
5.9 ha
Parcel 34001A0684/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
IVM
since 20182.276.827.649
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001A0684/00D000 | Flanders | 12.1 ha | 1 · 5.9 ha | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 2,713 companies in sector 73200 we hold annual accounts for 1,783. 915 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-04-1989
Fiscal year end31-12
Abbreviation NL
IVM
Activities, NACEBEL 2025
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.