IMMO VVD
ActiveSummary
IMMO VVD has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €198,759 and a net result of €13,434. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+1
Solvency83▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.08 in 2023; short-term debt: 38.8% and cash: 2.6% of total assets), and 42.2% of the assets are financed with debt.
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Signals
Three 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 →
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 · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 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
not confirmed
2024
5 d late
2023
37 d early
2022
27 d early
2021
46 d early
2020
45 d early
2019
22 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 29 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, micro schema
Equity
€198,759▲ 7.2%
2023 · €185,325
Total assets
€343,705▼ 7.1%
2023 · €369,813
Net result
€13,434▲ 1.0%
2023 · €13,305
Working capital
-€123,914▼ 14.2%
2023 · -€108,507
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€16,132▼ 48.3%€15,899▼ 1.4%€14,905▼ 6.3%€18,212▲ 22.2%€19,859▲ 9.0%
Net result€11,826within the sector's middle half▼ 56.7%€10,479within the sector's middle half▼ 11.4%€10,740within the sector's middle half▲ 2.5%€13,305within the sector's middle half▲ 23.9%€13,434within the sector's middle half▲ 1.0%
Equity€150,801within the sector's middle half▲ 4.0%€161,280within the sector's middle half▲ 6.9%€172,020within the sector's middle half▲ 6.7%€185,325within the sector's middle half▲ 7.7%€198,759within the sector's middle half▲ 7.2%
Total assets€416,169within the sector's middle half▼ 2.8%€399,840within the sector's middle half▼ 3.9%€389,070within the sector's middle half▼ 2.7%€369,813within the sector's middle half▼ 4.9%€343,705within the sector's middle half▼ 7.1%
Debt€210,518▼ 7.8%€183,710▼ 12.7%€162,200▼ 11.7%€129,638▼ 20.1%€144,946▲ 11.8%
Working capital-€120,622below the sector's middle half▲ 9.4%-€136,597below the sector's middle half▼ 13.2%-€148,716below the sector's middle half▼ 8.9%-€108,507below the sector's middle half▲ 27.0%-€123,914below the sector's middle half▼ 14.2%
Solvency36.2%within the sector's middle half▲ 2.4pp40.3%within the sector's middle half▲ 4.1pp44.2%within the sector's middle half▲ 3.9pp50.1%within the sector's middle half▲ 5.9pp57.8%within the sector's middle half▲ 7.7pp
Current ratio0.12below the sector's middle half▲ 0.090.08below the sector's middle half▼ 0.040.02below the sector's middle half▼ 0.060.08below the sector's middle half▲ 0.060.07below the sector's middle half▼ 0.01
Return on assets (ROA)2.8%within the sector's middle half▼ 3.5pp2.6%within the sector's middle half▼ 0.2pp2.8%within the sector's middle half▲ 0.1pp3.6%within the sector's middle half▲ 0.8pp3.9%within the sector's middle half▲ 0.3pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343,705
Fixed assets
€334,222 ▼ 7.2%
Current assets
€9,483 ▼ 2.2%
Equity and liabilities €343,705
Equity
€198,759 ▲ 7.2%
Provisions
€0 ▼ 100%
Debt
€144,946 ▲ 11.8%
Debt's share of the balance-sheet total rises from 35.1% to 42.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45,758▲
2023 · €44,111
Cash flow
€39,333▲
2023 · €39,203
Debt to equity
0.73▲
2023 · 0.70
ROE
6.8%▼
2023 · 7.2%
Interest coverage
252.99▲
2023 · 111.53
Debt ≤ 1 year
€133,396▲
2023 · €118,199
Income taxes
€6,269▲
2023 · €4,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,456 | €24,587 | €25,899 | €25,899 | €25,899 | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€54,850 | - |
| Other operating charges640/8 | - | €5,990 | €6,131 | €6,695 | €6,909 | ▲ 3.2% |
| Gross operating margin9900 | €46,929 | €46,477 | €46,934 | €50,806 | -€2,183 | ▼ 104% |
| Operating profit (loss)9901 | €16,132 | €15,899 | €14,905 | €18,212 | €19,859 | ▲ 9.0% |
| Financial income75/76B | - | €1 | €0 | €4 | €24 | ▲ 555% |
| Recurring financial income75 | - | €1 | €0 | €4 | €24 | ▲ 555% |
| Financial charges65/66B | - | €1,659 | €1,074 | €396 | €181 | ▼ 54.3% |
| Recurring financial charges65 | €2,286 | €1,659 | €1,074 | €396 | €181 | ▼ 54.3% |
| Profit (loss) for the period before taxes9903 | €13,845 | €14,242 | €13,830 | €17,820 | €19,702 | ▲ 10.6% |
| Income taxes67/77 | €2,019 | €3,763 | €3,090 | €4,516 | €6,269 | ▲ 38.8% |
| Profit (loss) for the period9904 | €11,826 | €10,479 | €10,740 | €13,305 | €13,434 | ▲ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €11,826 | €10,479 | €10,740 | €13,305 | €13,434 | ▲ 1.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €416,169 | €399,840 | €389,070 | €369,813 | €343,705 | ▼ 7.1% |
| Fixed assets21/28 | €400,442 | €388,714 | €386,020 | €360,121 | €334,222 | ▼ 7.2% |
| Tangible fixed assets22/27 | €400,442 | €388,714 | €386,020 | €360,121 | €334,222 | ▼ 7.2% |
| Land and buildings22 | - | €388,714 | €386,020 | €360,121 | €334,222 | ▼ 7.2% |
| Current assets29/58 | €15,727 | €11,126 | €3,050 | €9,692 | €9,483 | ▼ 2.2% |
| Amounts receivable within one year40/41 | €6,016 | - | €1,540 | €0 | - | - |
| Trade receivables40 | - | - | €630 | €0 | - | - |
| Other amounts receivable41 | - | - | €910 | €0 | - | - |
| Cash at bank and in hand54/58 | €9,210 | €11,126 | €1,010 | €9,192 | €8,983 | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | - | €500 | €500 | €500 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €416,169 | €399,840 | €389,070 | €369,813 | €343,705 | ▼ 7.1% |
| Equity10/15 | €150,801 | €161,280 | €172,020 | €185,325 | €198,759 | ▲ 7.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €123,860 | €133,860 | €144,590 | €166,230 | €179,660 | ▲ 8.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €132,000 | €142,730 | €166,230 | €179,660 | ▲ 8.1% |
| Profit (loss) carried forward14 | €8,341 | €8,820 | €8,830 | €495 | €499 | ▲ 0.8% |
| Provisions and deferred taxes16 | €54,850 | €54,850 | €54,850 | €54,850 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | €54,850 | €54,850 | €54,850 | €0 | ▼ 100% |
| Pensions and similar obligations160 | - | €54,850 | €54,850 | €54,850 | €0 | ▼ 100% |
| Amounts payable17/49 | €210,518 | €183,710 | €162,200 | €129,638 | €144,946 | ▲ 11.8% |
| Amounts payable after more than one year17 | €59,094 | €25,571 | €0 | - | - | - |
| Financial debts170/4 | - | €25,571 | €0 | - | - | - |
| Amounts payable within one year42/48 | €136,349 | €147,723 | €151,766 | €118,199 | €133,396 | ▲ 12.9% |
| Current portion of amounts payable after more than one year42 | - | €33,523 | €25,571 | €0 | - | - |
| Trade debts44 | €36,103 | €79,860 | €80,576 | €68,479 | €95,375 | ▲ 39.3% |
| Suppliers440/4 | - | €79,860 | €80,576 | €68,479 | €95,375 | ▲ 39.3% |
| Taxes, remuneration and social security45 | - | €2,341 | €3,595 | €3,698 | €5,041 | ▲ 36.3% |
| Taxes450/3 | - | €2,341 | €3,595 | €3,698 | €5,041 | ▲ 36.3% |
| Other amounts payable47/48 | - | €32,000 | €42,022 | €46,022 | €32,980 | ▼ 28.3% |
| Accrued charges and deferred income492/3 | - | €10,416 | €10,434 | €11,439 | €11,550 | ▲ 1.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,826 | €10,479 | €10,740 | €13,305 | €13,434 | ▲ 1.0% |
| + Depreciation and write-downs630 | €24,456 | €24,587 | €25,899 | €25,899 | €25,899 | = |
| Operating cash flow (approximation) | €36,283 | €35,066 | €36,639 | €39,203 | €39,333 | ▲ 0.3% |
| Investment in fixed assets (approximation) | - | -€12,860 | -€23,205 | €0 | €0 | - |
| Change in cash | - | €1,916 | -€10,116 | €8,182 | -€209 | ▼ 103% |
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
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €10,479 ▼11.4%
Net result drops to €10,479, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €150,801 ▲4%
3 profitable years in a row build equity to €150,801.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
2016
17-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2015
Ground area
485 m²
Building footprint
160 m²
Volume, LiDAR
2,213 m³
Parcel 11303C0202/00R006, Flanders · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IMMO VVD
since 20152.240.044.556
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0202/00R006 | Flanders | 485 m² | 1 · 160 m² | 16.5 m · 5 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 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,864 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
Founded24-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463643073
Also
9925:BE0463643073
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.