Equity
-€106,016
Debts exceed assets in financial year 2025.
IMMO.XA
Lifetime
8 annual accounts with figures on one time axispeak €211,094 (2023)
€8,146▲ €23,929
lowest -€68,791 (2024)
-€31,576▲ €37,215
peak €2,971 (2018)
-€106,016▼ €31,576
€1.4m▲ 2.2%
Board1 name since 2018
1 directorXAVIER ORBAN
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from -€15,783 to €8,146Loss of €31,576Equity from -€74,440 to -€106,016Cash from €48 to €17,675
Key points
from the 2025 annual accountsLosses
-€100,367 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €35,000 estimated
The micro format states no turnover.
Debts
€1.4m 108% of the balance sheet
Financial debts 51%Suppliers 1%Taxes and wages 4%Other 45%
Filings
8 annual accounts 8 late
The 2018 accounts came latest: 401 days after the end of the period.
Position in the sector
-€106,016
Less equity than 93% of companies in real estate. Sector median €73,055 · 17,210 companies.
Checked score
53
Fair
Financially stronger than 15% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.2%
01-2025: 1.2%● unchanged vs 12-2024
02-2025: 1.2%● unchanged vs 01-2025
03-2025: 1.2%● unchanged vs 02-2025
04-2025: 1.2%● unchanged vs 03-2025
05-2025: 1.2%● unchanged vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.7%▲ +0.5 percentage points vs 07-2025
09-2025: 1.5%▼ -0.2 percentage points vs 08-2025
10-2025: 1.5%● unchanged vs 09-2025
11-2025: 1.5%● unchanged vs 10-2025
12-2025: 1.4%▼ -0.1 percentage points vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.5%▲ +0.1 percentage points vs 03-2026
05-2026: 1.5%● unchanged vs 04-2026
06-2026: 1.4%▼ -0.1 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 2.0%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.3%▼ -1.7 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€106,016
lowers risk
Size: total assets €1.3m
Figures for financial year 2025 (filed on 29-08-2026)
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 14% of them on solvency, 5% on liquidity, 27% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,167 companies had the same profile as IMMO.XA has now. Each dot stands for 3 companies, two years later.
94.9%
were still trading
2.8%
stopped another way
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMMO.XA itself is lower: 0.3% within 12 months. It rests on far more data about IMMO.XA than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 1,167 companies, not a prediction for IMMO.XA. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.82 (0.87 in 2024), below 1. Short-term debt is 108% and cash 1.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€106,016
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
29 days late
2024
14 days late
2023
11 days late
2022
11 days late
2021
51 days late
2020
143 days late
2019
118 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 54 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0694773980
Reappointment: ORBAN Xavier (director)
General meeting of 24-05-2023 · Gazette deed
Incorporation
Founder: ORBAN Xavier Pierre Paul · Founding capital of €20,000, 200 shares · Appointment: ORBAN Xavier Pierre Paul (manager) · published on 18-04-2018 · Gazette deed
First establishment
Hayoulle 21, Tinlot
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMO.XA Tinlot | €1.3m | €8,146 | -8.0% | - |
| EUROSTATES INVEST Sint-Gillis (bij-Brussel) | €1.6m | €8,287 | -2.0% | - |
| SG2 Pajottegem | €1.1m | €6,187 | 0.6% | - |
| SUBSTANTIA Antwerp | €1.8m | €9,541 | -8.9% | - |
| FG HOME Genappe | €1.4m | €7,910 | 41.8% | 0 |
| MISTLETOE Ixelles | €1.9m | €10,393 | 1.1% | - |
| Covico Vastgoed Ostend | €1.3m | €14,740 | 5.7% | - |
These companies have the same main activity as IMMO.XA: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.1m and €1.9m, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 16-04-2018Normal situation
- Activity
- Real estate agency activitiesNACE 68310and 1 other
- Establishment unit
- 2.276.158.8444557 Tinlot, since 16-04-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 06-03-2026
Insights on IMMO.XA
IMMO.XA files the micro format. That format states no turnover. The gross margin rose from -€4,686 in 2018 to €8,146 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMO.XA
- What is the company number of IMMO.XA?
- The company number of IMMO.XA is 0694.773.980. The VAT number is the same number with BE in front: BE 0694.773.980.
- Where is IMMO.XA based?
- The registered office is at Hayoulle 21, 4557 Tinlot.Company details
- What does IMMO.XA do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of IMMO.XA?
- IMMO.XA is a private limited company (BV).
- When was IMMO.XA founded?
- IMMO.XA was founded on 16-04-2018.
- Is IMMO.XA still active?
- Yes, IMMO.XA is an active enterprise in the KBO register.
- What is the turnover of IMMO.XA?
- The turnover in financial year 2025 is ≈ €35,000. This figure is estimated from the gross margin of €8,146 and 37 comparable companies (NACE 68310). It probably lies between €12,000 and €60,000. It is a rough estimate.Financials
- Is IMMO.XA profitable?
- In financial year 2025, IMMO.XA made a loss of €31,576.
- Where can I find the annual accounts of IMMO.XA?
- IMMO.XA filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMO.XA due?
- IMMO.XA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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