IMMOA
ActiveSummary
IMMOA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €54k. Equity is growing by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+5
Solvency81▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.16 against 2.94 in 2024; short-term debt: 4.9% of total assets), and 43.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
56.4%
Return on assets
2.2%
Age of the figures
9 mo
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
30 d late
2022
87 d late
2021
122 d early
2020
51 d early
2019
32 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€1.39M▲ 4.1%
2024 · €1.34M
Total assets
€2.47M▼ 1.2%
2024 · €2.50M
Net result
€54k▲ 2.4%
2024 · €53k
Working capital
€260k▲ 13.0%
2024 · €230k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€73k▼ 0.3%€91k▲ 24.6%€93k▲ 1.7%€96k▲ 3.0%€102k▲ 6.7%
Net result€44k▲ 0.1%€47k▲ 6.5%€50k▲ 5.6%€53k▲ 6.5%€54k▲ 2.4%
Equity€1.74M▲ 2.6%€1.78M▲ 2.7%€1.83M▲ 2.8%€1.34M▼ 27.1%€1.39M▲ 4.1%
Total assets€3.14M▼ 1.0%€3.10M▼ 1.1%€3.08M▼ 0.9%€2.50M▼ 18.8%€2.47M▼ 1.2%
Debt€1.40M▼ 5.1%€1.32M▼ 5.7%€1.24M▼ 6.0%€1.16M▼ 6.4%€1.08M▼ 7.3%
Working capital€679k▲ 5.4%€715k▲ 5.3%€748k▲ 4.7%€230k▼ 69.3%€260k▲ 13.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.47M
Fixed assets
€2.09M ▼ 2.9%
Current assets
€380k ▲ 9.1%
Equity and liabilities €2.47M
Equity
€1.39M ▲ 4.1%
Debt
€1.08M ▼ 7.3%
Debt's share of the balance-sheet total falls from 46.5% to 43.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€164k▲
2024 · €158k
Cash flow
€116k▲
2024 · €115k
Current ratio
3.16▲
2024 · 2.94
Debt to equity
0.77▼
2024 · 0.87
ROE
3.9%▼
2024 · 4.0%
ROA
2.2%▲
2024 · 2.1%
Interest coverage
5.13▲
2024 · 4.50
Debt ≤ 1 year
€120k▲
2024 · €118k
Debt > 1 year
€956k▼
2024 · €1.04M
Income taxes
€26k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €68k | €68k | €65k | €62k | €62k | = |
| Other operating charges640/8 | - | €9k | €11k | €15k | €14k | ▼ 6.1% |
| Gross operating margin9900 | €167k | €168k | €169k | €173k | €178k | ▲ 3.2% |
| Operating profit (loss)9901 | €73k | €91k | €93k | €96k | €102k | ▲ 6.7% |
| Financial income75/76B | - | €10k | €10k | €10k | €10k | = |
| Recurring financial income75 | €12k | €10k | €10k | €10k | €10k | = |
| Financial charges65/66B | - | €39k | €37k | €35k | €32k | ▼ 8.7% |
| Recurring financial charges65 | €41k | €39k | €37k | €35k | €32k | ▼ 8.7% |
| Profit (loss) for the period before taxes9903 | €44k | €63k | €66k | €71k | €80k | ▲ 13.4% |
| Income taxes67/77 | - | €16k | €17k | €18k | €26k | ▲ 46.4% |
| Profit (loss) for the period9904 | €44k | €47k | €50k | €53k | €54k | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €44k | €47k | €50k | €53k | €54k | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.14M | €3.10M | €3.08M | €2.50M | €2.47M | ▼ 1.2% |
| Fixed assets21/28 | €2.35M | €2.28M | €2.21M | €2.15M | €2.09M | ▼ 2.9% |
| Intangible fixed assets21 | €9k | €3k | - | - | - | - |
| Tangible fixed assets22/27 | €2.34M | €2.27M | €2.21M | €2.15M | €2.09M | ▼ 2.9% |
| Land and buildings22 | - | €2.23M | €2.17M | €2.12M | €2.06M | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €43k | €37k | €32k | €26k | ▼ 17.4% |
| Current assets29/58 | €792k | €827k | €863k | €348k | €380k | ▲ 9.1% |
| Amounts receivable within one year40/41 | €783k | €827k | €863k | €348k | €380k | ▲ 9.1% |
| Trade receivables40 | - | €33k | - | - | - | - |
| Other amounts receivable41 | - | €794k | €863k | €348k | €380k | ▲ 9.1% |
| Cash at bank and in hand54/58 | €10k | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.14M | €3.10M | €3.08M | €2.50M | €2.47M | ▼ 1.2% |
| Equity10/15 | €1.74M | €1.78M | €1.83M | €1.34M | €1.39M | ▲ 4.1% |
| Contributions10/11 | €1.30M | €1.30M | €1.30M | €1.30M | €1.30M | = |
| Capital10 | - | €1.30M | €1.30M | €1.30M | €1.30M | = |
| Issued capital100 | - | €1.30M | €1.30M | €1.30M | €1.30M | = |
| Reserves13 | €214k | €214k | €214k | €13k | €13k | = |
| Non-distributable reserves130/1 | - | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | - | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | - | €201k | €201k | - | - | - |
| Profit (loss) carried forward14 | €224k | €271k | €321k | €24k | €79k | ▲ 222% |
| Amounts payable17/49 | €1.40M | €1.32M | €1.24M | €1.16M | €1.08M | ▼ 7.3% |
| Amounts payable after more than one year17 | €1.29M | €1.21M | €1.13M | €1.04M | €956k | ▼ 8.3% |
| Financial debts170/4 | - | €1.21M | €1.13M | €1.04M | €956k | ▼ 8.3% |
| Amounts payable within one year42/48 | €113k | €112k | €115k | €118k | €120k | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €78k | €78k | €79k | €79k | ▲ 0.8% |
| Financial debts43 | - | €9k | €9k | €10k | €9k | ▼ 8.9% |
| Credit institutions430/8 | - | €9k | €9k | €10k | €9k | ▼ 8.9% |
| Trade debts44 | €0 | €10k | €11k | €12k | €12k | ▼ 3.1% |
| Suppliers440/4 | - | €10k | €11k | €12k | €12k | ▼ 3.1% |
| Taxes, remuneration and social security45 | - | €16k | €17k | €18k | €20k | ▲ 13.4% |
| Taxes450/3 | - | €16k | €17k | €18k | €20k | ▲ 13.4% |
| Other amounts payable47/48 | - | - | - | €64 | €64 | = |
| Accrued charges and deferred income492/3 | - | - | - | €285 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €47k | €50k | €53k | €54k | ▲ 2.4% |
| + Depreciation and write-downs630 | €68k | €68k | €65k | €62k | €62k | = |
| Operating cash flow (approximation) | €112k | €115k | €115k | €115k | €116k | ▲ 1.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €54k ▲2.4%
Operating result €102k, net result €54k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2011
Ground area
6,880 m²
Building footprint
5,016 m²
Volume, LiDAR
79,069 m³
2 parcels, Brussels · tallest building 31.7 m, ±6 floors. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
IMMOA
since 20112.199.436.792
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012F0360/00X003 | Brussels | 5,750 m² | 1 · 4,114 m² | 31.7 m · 6 fl. |
| 21803C0368/00N000 | Brussels | 1,131 m² | 1 · 902 m² | 20.8 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 882 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
Founded12-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.