IMMO ZONE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 32 filings
Equity
€1.8m
2024 · -€524,234
Total assets
€5.1m▲ 4.2%
2024 · €4.9m
Net result
€217,892
2024 · -€291,600
Working capital
-€1.9m▲ 53.9%
2024 · -€4.2m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€391,661
▼ 169%
2025
20182025
Net result
€217,892
2025
highest quarter of the sector
20182025
Equity
€1.8m
2025
highest quarter of the sector
20182025
Total assets
€5.1m
▲ 4.2%
2025
highest quarter of the sector
20182025
Debt
€3.3m
▼ 39.8%
2025
20182025
Working capital
-€1.9m
▲ 53.9%
2025
lowest quarter of the sector
20182025
Solvency
36.0%
▲ 46.7pp
2025
middle half of the sector
20182025
Current ratio
0.22
▲ 0.16
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
4.3%
▲ 10.2pp
2025
middle half of the sector
20182025
Staff (FTE)
0
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.09m--€0.08m▲ 8.3%-€0.07m▲ 15.7%€0.009m€0.03m▲ 227%-€0.3m-€0.1m▲ 44.3%-€0.4m▼ 169%
Net result-€0.1m--€0.09m▲ 7.4%-€0.08mbelow the sector's middle half▲ 15.0%€0.005mwithin the sector's middle half€0.03mwithin the sector's middle half▲ 516%-€0.3mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 10.2%€0.2mabove the sector's middle half
Equity€0.2m-€0.07m▼ 55.2%-€0.003mbelow the sector's middle half€0.002mbelow the sector's middle half€0.03mwithin the sector's middle half▲ 21×-€0.2mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 125%€1.8mabove the sector's middle half
Total assets€0.3m-€0.4m▲ 14.4%€0.4mbelow the sector's middle half▲ 20.2%€0.4mwithin the sector's middle half▼ 21.3%€0.06mbelow the sector's middle half▼ 82.8%€4.3mwithin the sector's middle half▲ 71×€4.9mwithin the sector's middle half▲ 12.5%€5.1mabove the sector's middle half▲ 4.2%
Debt€0.2m-€0.3m▲ 82.7%€0.5m▲ 50.2%€0.4m▼ 22.3%€0.03m▼ 91.8%€4.6m▲ 159×€5.4m▲ 18.2%€3.3m▼ 39.8%
Working capital€0.3m-€0.1m▼ 43.5%€0.1mwithin the sector's middle half▼ 10.6%€0.05mwithin the sector's middle half▼ 58.7%-€0.007mwithin the sector's middle half-€1.2mbelow the sector's middle half▼ 16,973%-€4.2mbelow the sector's middle half▼ 242%-€1.9mbelow the sector's middle half▲ 53.9%
Solvency49.5%-19.4%▼ 30.1pp-0.8%below the sector's middle half▼ 20.1pp0.4%below the sector's middle half▲ 1.2pp52.7%within the sector's middle half▲ 52.2pp-5.4%below the sector's middle half▼ 58.0pp-10.7%below the sector's middle half▼ 5.4pp36.0%within the sector's middle half▲ 46.7pp
Current ratio8.72-1.73▼ 6.981.62within the sector's middle half▼ 0.121.25within the sector's middle half▼ 0.370.75within the sector's middle half▼ 0.500.14below the sector's middle half▼ 0.610.06below the sector's middle half▼ 0.070.22below the sector's middle half▲ 0.16
Return on assets (ROA)-29.5%--23.9%▲ 5.6pp-16.9%below the sector's middle half▲ 7.0pp1.4%within the sector's middle half▲ 18.3pp50.2%above the sector's middle half▲ 48.8pp-6.1%below the sector's middle half▼ 56.2pp-6.0%below the sector's middle half▲ 0.1pp4.3%within the sector's middle half▲ 10.2pp
Staff (FTE)1-1=0.9below the sector's middle half▼ 10.0%1▲ 11.1%0within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €391,661, larger than the loss of €145,832 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€4.5m ▼ 1.5%
Current assets
€547,853 ▲ 99.5%
Equity and liabilities €5.1m
Equity
€1.8m
Debt
€3.3m
Debt's share of the balance-sheet total is 64.0%.
Key figures and ratios
EBITDA
-€149,551▼
2024 · €28,068
Cash flow
€460,002▲
2024 · -€117,700
Debt to equity
1.78
ROE
11.9%
Interest coverage
-1.91▼
2024 · 0.19
Debt ≤ 1 year
€2.5m▼
2024 · €4.5m
Debt > 1 year
€779,027▼
2024 · €952,115
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| part-time | 1 | - |
| in full-time equivalents | 0.9 | - |
| Average over the year, in full-time equivalents | 0.9 | - |
| On a permanent contract | 1 | - |
| Joined | - | 0 |
| Left | - | 1 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,102 | €5,582 | €16,966 | €148,724 | €70,146 |
| Intangible fixed assets | €1,765 | - | €1.0m | €400,000 | €102,238 |
| Financial fixed assets | - | - | €3.2m | - | - |
| Depreciation and write-downs of the year | €37,384 | €30,617 | €104,136 | €173,900 | €242,110 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €3,630 awarded · €3,630 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €59,673 | €24,934 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,892 | €6,422 | €17,488 | €37,384 | €30,617 | €104,136 | €173,900 | €242,110 | ▲ 39.2% |
| Other operating charges640/8 | - | - | - | €5,235 | €2,566 | €1,011 | €216 | €2,028 | ▲ 841% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €560 | - |
| Gross operating margin9900 | -€24,772 | -€1,503 | €784 | €111,542 | €88,400 | -€156,838 | €28,284 | -€146,963 | - |
| Operating profit (loss)9901 | -€90,871 | -€83,322 | -€70,227 | €9,250 | €30,283 | -€261,984 | -€145,832 | -€391,661 | ▼ 169% |
| Financial income75/76B | - | - | - | €0 | €3,296 | €42 | €190 | €688,032 | ▲ 3,616× |
| Recurring financial income75 | €0 | €34 | €0 | €0 | €3,296 | €42 | €190 | €688,032 | ▲ 3,616× |
| Financial charges65/66B | - | - | - | €3,381 | €2,424 | €2,763 | €145,959 | €78,480 | ▼ 46.2% |
| Recurring financial charges65 | €4,222 | €4,872 | €4,832 | €3,381 | €2,424 | €2,763 | €145,959 | €78,480 | ▼ 46.2% |
| Profit (loss) for the period before taxes9903 | -€95,093 | -€88,160 | -€75,059 | €5,869 | €31,155 | -€264,705 | -€291,600 | €217,892 | - |
| Income taxes67/77 | €1,370 | €1,183 | €866 | €908 | €619 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€96,464 | -€89,342 | -€75,925 | €4,961 | €30,536 | -€264,705 | -€291,600 | €217,892 | - |
| Profit (loss) for the period to be appropriated9905 | -€96,464 | -€89,342 | -€75,925 | €4,961 | €30,536 | -€264,705 | -€291,600 | €217,892 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.4m | €0.4m | €0.06m | €4.3m | €4.9m | €5.1m | ▲ 4.2% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.1m | €0.08m | €0.04m | €4.2m | €4.6m | €4.5m | ▼ 1.5% |
| Intangible fixed assets21 | - | - | €0.04m | €0.03m | €0.009m | €0.9m | €1.2m | €1.1m | ▼ 7.7% |
| Tangible fixed assets22/27 | €0.03m | €0.02m | €0.06m | €0.05m | €0.03m | €0.04m | €0.2m | €0.2m | ▲ 12.6% |
| Land and buildings22 | - | - | - | €0.001m | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.005m | €0.01m | €0.1m | €0.08m | ▼ 20.4% |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.03m | €0.02m | €0.07m | €0.1m | ▲ 61.6% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0 | €3.2m | €3.3m | €3.3m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.3m | €0.02m | €0.2m | €0.3m | €0.5m | ▲ 99.5% |
| Amounts receivable within one year40/41 | €0.1m | €0.04m | €0.05m | €0.09m | €0.02m | €0.1m | €0.2m | €0.2m | ▼ 13.6% |
| Trade receivables40 | - | - | - | €0.09m | €112 | €0.1m | €0.02m | €0.1m | ▲ 485% |
| Other amounts receivable41 | - | - | - | - | €0.02m | €0.02m | €0.2m | €0.06m | ▼ 63.2% |
| Current investments50/53 | €0.001m | €0.001m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.3m | €0.2m | €0.004m | €0.04m | €0.03m | €0.3m | ▲ 893% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €311 | €0.02m | €0.06m | €0.1m | ▲ 56.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.4m | €0.4m | €0.06m | €4.3m | €4.9m | €5.1m | ▲ 4.2% |
| Equity10/15 | €0.2m | €0.07m | -€0.003m | €0.002m | €0.03m | -€0.2m | -€0.5m | €1.8m | - |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €2.2m | ▲ 115× |
| Reserves13 | €0.2m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | -€0.02m | - | -€0.08m | -€0.07m | -€0.04m | -€0.3m | -€0.6m | -€0.4m | ▲ 36.5% |
| Amounts payable17/49 | €0.2m | €0.3m | €0.5m | €0.4m | €0.03m | €4.6m | €5.4m | €3.3m | ▼ 39.8% |
| Amounts payable after more than one year17 | €0.05m | €0.05m | €0.05m | €0.05m | €0 | €3.2m | €1.0m | €0.8m | ▼ 18.2% |
| Financial debts170/4 | - | - | - | €0.05m | €0 | €3.2m | €1.0m | €0.8m | ▼ 18.2% |
| Amounts payable within one year42/48 | €0.03m | €0.2m | €0.2m | €0.2m | €0.03m | €1.4m | €4.5m | €2.5m | ▼ 44.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.1m | €1.0m | €0.2m | ▼ 82.1% |
| Trade debts44 | €0.007m | €0.02m | €0.01m | €0.01m | €0.03m | €0.2m | €0.9m | €0.5m | ▼ 50.1% |
| Suppliers440/4 | - | - | - | €0.01m | €0.03m | €0.2m | €0.9m | €0.5m | ▼ 50.1% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.8m | €0.8m | ▼ 2.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.001m | €0.03m | €347 | €0.02m | ▲ 65× |
| Taxes450/3 | - | - | - | €0.01m | €0.001m | €0.03m | €347 | €0.02m | ▲ 65× |
| Remuneration and social security454/9 | - | - | - | €0.007m | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0 | €1.1m | €1.8m | €1.1m | ▼ 40.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.08m | €396 | €0 | €0.005m | €0.003m | ▼ 36.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.09m | -€0.08m | €0.005m | €0.03m | -€0.3m | -€0.3m | €0.2m | - |
| + Depreciation and write-downs630 | €0.007m | €0.006m | €0.02m | €0.04m | €0.03m | €0.1m | €0.2m | €0.2m | ▲ 39.2% |
| Operating cash flow (approximation) | -€0.09m | -€0.08m | -€0.06m | €0.04m | €0.06m | -€0.2m | -€0.1m | €0.5m | - |
| Investment in fixed assets (approximation) | - | €0 | -€0.1m | -€0.01m | €0.007m | -€4.2m | -€0.6m | -€0.2m | ▲ 72.8% |
| Change in cash | - | €0.2m | -€0.02m | -€0.1m | -€0.2m | €0.04m | -€0.01m | €0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 20-07-2026 | 2026-00311596 | |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00338155 | |
| 31-12-2023 | abbreviated format | 25-07-2024 | 2024-00280525 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00260670 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20129664 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-42100417 | |
| 31-12-2019 | abbreviated format | 11-09-2020 | 2020-52800429 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-36800383 | |
| 31-12-2017 | abbreviated format | 30-07-2018 | 2018-41500144 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-40000305 |