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IMMO X

Active
Public limited companyfounded 199333 yrs activeAvenue Pasteur 2, 1300 Wavre, BelgiumKBO/BCE: BE 0450.607.065
Summary

IMMO X has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €345,519 and a net result of €26,239. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 4838 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability51▲+8
Solvency54▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.54 in 2023; short-term debt: 11.4% and cash: 0.3% of total assets), and 71.3% of the assets are financed with debt.
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Signals

Five 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
14 d early
2023
12 d early
2022
29 d late
2021
2 d early
2020
10 d late
2019
67 d late
← 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 13 days after 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMO X was incorporated on 13 May 1993.1 Total assets fell from EUR 1.6 million in 2018 to EUR 1.2 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26,239▲ 104%
2023 · €12,885
Working capital
-€105,358▲ 9.5%
2023 · -€116,464
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€54,735▼ 42.0%€50,041▼ 8.6%€84,783▲ 69.4%€61,286▼ 27.7%€69,009▲ 12.6%
Net result€14,013within the sector's middle half▼ 68.2%€7,568within the sector's middle half▼ 46.0%€43,344within the sector's middle half▲ 473%€12,885within the sector's middle half▼ 70.3%€26,239within the sector's middle half▲ 104%
Equity€255,482within the sector's middle half▲ 7.9%€263,050within the sector's middle half▲ 3.0%€306,394within the sector's middle half▲ 16.5%€319,279within the sector's middle half▲ 4.2%€345,519within the sector's middle half▲ 8.2%
Total assets€1.5mwithin the sector's middle half▼ 4.1%€1.5mwithin the sector's middle half▼ 4.0%€1.4mwithin the sector's middle half▼ 4.4%€1.4mwithin the sector's middle half▼ 3.9%€1.2mwithin the sector's middle half▼ 11.4%
Debt€1.3m▼ 5.9%€1.2m▼ 5.4%€1.1m▼ 9.1%€1.0m▼ 6.1%€836,401▼ 17.7%
Working capital-€115,658within the sector's middle half▲ 11.6%-€117,045within the sector's middle half▼ 1.2%-€93,595within the sector's middle half▲ 20.0%-€116,464within the sector's middle half▼ 24.4%-€105,358within the sector's middle half▲ 9.5%
Solvency16.6%within the sector's middle half▲ 1.8pp17.8%within the sector's middle half▲ 1.2pp21.7%within the sector's middle half▲ 3.9pp23.5%within the sector's middle half▲ 1.8pp28.7%within the sector's middle half▲ 5.2pp
Current ratio0.57within the sector's middle half▲ 0.010.55within the sector's middle half▼ 0.010.59within the sector's middle half▲ 0.040.54within the sector's middle half▼ 0.050.23below the sector's middle half▼ 0.31
Return on assets (ROA)0.9%within the sector's middle half▼ 1.8pp0.5%within the sector's middle half▼ 0.4pp3.1%within the sector's middle half▲ 2.6pp0.9%within the sector's middle half▼ 2.1pp2.2%within the sector's middle half▲ 1.2pp
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.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2020: €54,735€54,735Net result 2020: €14,013€14,013Operating result 2021: €50,041€50,041Net result 2021: €7,568€7,568Operating result 2022: €84,783€84,783Net result 2022: €43,344€43,344Operating result 2023: €61,286€61,286Net result 2023: €12,885€12,885Operating result 2024: €69,009€69,009Net result 2024: €26,239€26,23920202021202220232024€0€25,000€50,000€75,000Operating result 2022: €84,783€84,800Net result 2022: €43,344€43,300Operating result 2023: €61,286€61,300Net result 2023: €12,885€12,900Operating result 2024: €69,009€69,000Net result 2024: €26,239€26,200202220232024
The operating result recovers in 2024; 2024 is 13% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets €1.2m ▼ 4.0%
Current assets €31,721 ▼ 76.8%
Equity and liabilities €1.2m
Equity €345,519 ▲ 8.2%
Provisions €21,661 ▼ 4.3%
Debt €836,401 ▼ 17.7%
Debt's share of the balance-sheet total falls from 74.8% to 69.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€116,090▼
2023 · €116,995
Cash flow
€73,321▲
2023 · €68,594
Debt to equity
2.42▼
2023 · 3.18
ROE
7.6%▲
2023 · 4.0%
Interest coverage
3.54▲
2023 · 2.75
Debt ≤ 1 year
€137,079▼
2023 · €253,228
Debt > 1 year
€699,322▼
2023 · €762,609
Income taxes
€10,918▲
2023 · €6,157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
0.9% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 4,678 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€1.4m€1.2m▼
Fixed assets21/28€1.2m€1.2m▼
Tangible fixed assets22/27€1.2m€1.2m▼
Land and buildings22€1.2m€1.2m▼
Plant, machinery and equipment23€1,448€1▼
Financial fixed assets28€3,075€750▼
Current assets29/58€136,765€31,721▼
Amounts receivable within one year40/41€130,102€1,077▼
Other amounts receivable41€130,102€1,077▼
Cash at bank and in hand54/58€5,812€3,644▼
Deferred charges and accrued income490/1€850€27,000▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.2m▼
Equity10/15€319,279€345,519▲
Contributions10/11€111,701€111,701=
Capital10€111,701€111,701=
Issued capital100€111,701€111,701=
Reserves13€191,784€188,874▼
Non-distributable reserves130/1€11,170€11,170=
Legal reserve130€11,170€11,170=
Tax-exempt reserves132€67,892€64,982▼
Distributable reserves133€112,722€112,722=
Profit (loss) carried forward14€15,795€44,944▲
Provisions and deferred taxes16€22,631€21,661▼
Deferred taxes168€22,631€21,661▼
Amounts payable17/49€1.0m€836,401▼
Amounts payable after more than one year17€762,609€699,322▼
Financial debts170/4€762,609€699,322▼
Amounts payable within one year42/48€253,228€137,079▼
Current portion of amounts payable after more than one year42€80,753€70,142▼
Financial debts43€6,543-
Credit institutions430/8€6,543-
Trade debts44€7,556€5,621▼
Suppliers440/4€7,556€5,621▼
Taxes, remuneration and social security45€6,157€17,075▲
Taxes450/3€6,157€17,075▲
Other amounts payable47/48€152,220€44,241▼
Accrued charges and deferred income492/3€283-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55,709€47,081▼
Other operating charges640/8€5,038€5,214▲
Non-recurring operating charges66A€400-
Gross operating margin9900€122,433€121,304▼
Operating profit (loss)9901€61,286€69,009▲
Financial charges65/66B€43,214€32,821▼
Recurring financial charges65€42,496€32,821▼
Non-recurring financial charges66B€718-
Profit (loss) for the period before taxes9903€18,072€36,188▲
Transfer from deferred taxes780€970€970=
Income taxes67/77€6,157€10,918▲
Profit (loss) for the period9904€12,885€26,239▲
Transfer from tax-exempt reserves789€2,910€2,910=
Profit (loss) for the period to be appropriated9905€15,795€29,149▲
Appropriation of the result
Profit (loss) to be appropriated9906€15,795€44,944▲
Profit (loss) brought forward from the previous period14P-€15,795

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,027€55,709€55,709€55,709€47,081▼ 15.5%
Other operating charges640/8-€1,385€7,709€5,038€5,214▲ 3.5%
Non-recurring operating charges66A-€4,895-€400--
Gross operating margin9900€121,782€112,031€148,201€122,433€121,304▼ 0.9%
Operating profit (loss)9901€54,735€50,041€84,783€61,286€69,009▲ 12.6%
Financial charges65/66B-€43,443€38,849€43,214€32,821▼ 24.1%
Recurring financial charges65€41,693€43,443€38,849€42,496€32,821▼ 22.8%
Non-recurring financial charges66B---€718--
Profit (loss) for the period before taxes9903€13,043€6,599€45,934€18,072€36,188▲ 100%
Transfer from deferred taxes780-€970€970€970€970=
Income taxes67/77--€3,560€6,157€10,918▲ 77.3%
Profit (loss) for the period9904€14,013€7,568€43,344€12,885€26,239▲ 104%
Transfer from tax-exempt reserves789-€2,910€2,910€2,910€2,910=
Profit (loss) for the period to be appropriated9905€16,922€10,478€46,254€15,795€29,149▲ 84.5%
Line20202021202220232024Change
Assets
Total assets20/58€1.5m€1.5m€1.4m€1.4m€1.2m▼ 11.4%
Fixed assets21/28€1.4m€1.3m€1.3m€1.2m€1.2m▼ 4.0%
Tangible fixed assets22/27€1.4m€1.3m€1.3m€1.2m€1.2m▼ 3.9%
Land and buildings22-€1.3m€1.3m€1.2m€1.2m▼ 3.8%
Plant, machinery and equipment23-€21,595€11,521€1,448€1▼ 99.9%
Financial fixed assets28€2,035€2,664€2,954€3,075€750▼ 75.6%
Current assets29/58€152,414€145,823€135,738€136,765€31,721▼ 76.8%
Amounts receivable within one year40/41€135,608€130,102€130,102€130,102€1,077▼ 99.2%
Other amounts receivable41-€130,102€130,102€130,102€1,077▼ 99.2%
Cash at bank and in hand54/58€6,496€13,720€4,686€5,812€3,644▼ 37.3%
Deferred charges and accrued income490/1-€2,000€950€850€27,000▲ 3,076%
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.5m€1.4m€1.4m€1.2m▼ 11.4%
Equity10/15€255,482€263,050€306,394€319,279€345,519▲ 8.2%
Contributions10/11€111,701€111,701€111,701€111,701€111,701=
Capital10-€111,701€111,701€111,701€111,701=
Issued capital100-€111,701€111,701€111,701€111,701=
Reserves13€96,129€151,349€194,693€191,784€188,874▼ 1.5%
Non-distributable reserves130/1-€11,170€11,170€11,170€11,170=
Legal reserve130-€11,170€11,170€11,170€11,170=
Tax-exempt reserves132-€73,711€70,801€67,892€64,982▼ 4.3%
Distributable reserves133-€66,468€112,722€112,722€112,722=
Profit (loss) carried forward14€47,652--€15,795€44,944▲ 185%
Provisions and deferred taxes16€25,540€24,570€23,600€22,631€21,661▼ 4.3%
Deferred taxes168-€24,570€23,600€22,631€21,661▼ 4.3%
Amounts payable17/49€1.3m€1.2m€1.1m€1.0m€836,401▼ 17.7%
Amounts payable after more than one year17€990,608€924,761€846,113€762,609€699,322▼ 8.3%
Financial debts170/4-€924,761€846,113€762,609€699,322▼ 8.3%
Amounts payable within one year42/48€268,072€262,867€229,332€253,228€137,079▼ 45.9%
Current portion of amounts payable after more than one year42-€76,707€73,979€80,753€70,142▼ 13.1%
Financial debts43-€18,060-€6,543--
Credit institutions430/8-€18,060-€6,543--
Trade debts44€7,720€9,338€3,463€7,556€5,621▼ 25.6%
Suppliers440/4-€9,338€3,463€7,556€5,621▼ 25.6%
Taxes, remuneration and social security45--€3,560€6,157€17,075▲ 177%
Taxes450/3--€3,560€6,157€17,075▲ 177%
Other amounts payable47/48-€158,763€148,331€152,220€44,241▼ 70.9%
Accrued charges and deferred income492/3-€2,846€7,152€283--
Line20202021202220232024Change
Profit (loss) for the period9904€14,013€7,568€43,344€12,885€26,239▲ 104%
+ Depreciation and write-downs630€56,027€55,709€55,709€55,709€47,081▼ 15.5%
Operating cash flow (approximation)€70,040€63,277€99,053€68,594€73,321▲ 6.9%
Investment in fixed assets (approximation)--€628-€290-€121€2,325▲ 2,024%
Change in cash-€7,224-€9,035€1,127-€2,168▼ 292%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
19-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet €7,568 ▼46%
Net result drops to €7,568, the lowest in the series; recovery starts the following year.
10-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 10 days late
2020
06-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
31-12
Financial Equity above €200,000Eq €236,705 ▲22.9%
2 profitable years in a row build equity to €236,705.
29-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
21-11
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 113 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Wavre · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
1.8 ha
Building footprint
1,109 m²
Volume, LiDAR
14,616 m³
2 parcels, Wallonia · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
27 companies at this address See who is registered here
1 establishment unit
IMMO X SA
Chaussée de Bruxelles 11, 1300 WavreInsurance, reinsurance and pension funding, except compulsory social security
since 19932.063.194.057
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25112N0017/00A002 Wallonia 1.7 ha 1 · 915 m² 14.7 m · 4 fl.
25112D0245/00M002 Wallonia 680 m² 1 · 193 m² 18.4 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 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

2 owners

Chain of control

  1. Centre d'Imagerie Médicale de Gembloux 100%
  2. CENTRE RX DE WAVRE 100%
  3. IMMO X

Highest known parent: Centre d'Imagerie Médicale de Gembloux. The sources do not say who stands above it.

Owners 2

Holdings 0

The accounts to 31-12-2023 list no holdings, and no other source names one.

According to the 2023 annual accounts of IMMO X 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.

Similar companies · same sector, comparable size

Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 5,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded13-05-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68121Development of residential building projects
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0450607065
Registered 24-08-2026

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.