IMMOATWORK
The computed 12-month bankruptcy probability of IMMOATWORK is 0.2% (very low). The 2025 annual accounts show equity of €1.77M and a net result of €40k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 73% of 200 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €1.77M |
| Net result | €40k |
| Better than sector | 73% |
| Active | 36 yrs |
Exceptional profile, strong across almost every axis.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 61.0% | 28.9% | |
| Net result | €40k | €9k | |
| Equity | €1.77M | €456k | |
| Total assets | €2.90M | €2.45M |
| Fiscal year | 2025 |
|---|---|
| Revenue | €287k |
| EBITDA | €214k |
| Net profit | €40k |
| Cash flow | €178k |
| Staff costs | - |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €2.90M |
| Equity | €1.77M |
| Debt | €1.13M |
| of which ≤ 1y | €5k |
| of which > 1y | €1.10M |
| Working capital | €501k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 103.05 |
| Quick ratio | 103.05 |
| Working capital ratio | 17.3% |
| Solvency | 61.0% |
| Debt / equity | 0.64 |
| Long-term debt ratio | 0.62 |
| Interest coverage | 6.50 |
| Gross margin | - |
| Net margin | 14.1% |
| ROA | 1.4% |
| ROE | 2.3% |
| EBITDA margin | 74.8% |
| Days sales outstanding | 16d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.90M |
| Fixed assets | 21/28 | €2.39M |
| Tangible fixed assets | 22/27 | €2.39M |
| Current assets | 29/58 | €505k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €493k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.90M |
| Equity | 10/15 | €1.77M |
| Contributions / capital | 10/11 | €1.31M |
| Reserves | 13 | €1.72M |
| Accumulated profits (losses) | 14 | €-1.27M |
| Amounts payable | 17/49 | €1.13M |
| Amounts payable after one year | 17 | €1.10M |
| Amounts payable within one year | 42/48 | €5k |
| Income statement | ||
| Turnover | 70 | €287k |
| Operating result | 9901 | €77k |
| Financial income | 75 | €7k |
| Financial charges | 65 | €33k |
| Result before taxes | 9903 | €51k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €40k |
| Result to be appropriated | 9905 | €40k |
| NACE primary | Real estate activities(68201) |
| Legal form | Public limited company(014) |
| Incorporation | 03-05-1990 |
| Status | Active |
| Postal code | 1160 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 fl. |
| 21445C0272/00C002 | Brussels | 95 m² | 1 · 74 m² | 13.9 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
26-06-2025 3 directors appointed, 4 resigning
- Benoît DOURTE, Administrateur, président du conseil d'administration
- Anouk SCHOUPPE, Gedelegeerd bestuurder
- Gaël WIJNGAARD, Bestuurder
- Maarten Rooijakkers, Bestuurder
- Marcel Van Cleempoel, Bestuurder
- Robert Pegels, Bestuurder
- Gauthier Bienfait, Bestuurder
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}27-03-2025 Articles of association amended
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}15-05-2024 Articles of association amended
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}02-02-2024 Deloitte Réviseurs d'Entreprises appointed as auditor
- Deloitte Réviseurs d'Entreprises, Auditor
Technical details
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}29-07-2020 Change in the board of directors
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}15-04-2019 2 directors appointed
- Maarten Rooijakkers, Bestuurder
- Marcel van Cleempoel, Bestuurder
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}15-02-2019 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "completed",
"notary": {
"name": "Vincent Vrorinks",
"firm_city": null,
"firm_name": null,
"office_city": "Ixelles",
"is_associated": false
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"act_meta": {
"language": "fr",
"pub_date": "2019-02-15",
"filing_date": "2018-12-28",
"act_kind_objet": "FUSION PAR ABSORPTION - ASSEMBL\u00C9E G\u00C9N\u00C9RALE DE LA SOCI\u00C9T\u00C9"
},
"decision": {
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"act_date": "2018-12-28",
"unanimous": null
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"legal_form_after": "SOCI\u00C9T\u00C9 ANONYME",
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"detected_kind": "merger_absorption",
"report_waiver": null,
"restructuring": {
"parties": [
{
"kbo": "0440.810.956",
"name": "IMMOATWORK SA",
"role": "acquiring",
"address": "Avenue de la Couronne 153, 1050 Ixelles",
"is_foreign": false,
"legal_form": "SOCI\u00C9T\u00C9 ANONYME",
"is_new_company": false,
"jurisdiction_country": "BE"
},
{
"kbo": "0666.669.320",
"name": "New South At Work SA",
"role": "absorbed",
"address": "Avenue de la Couronne 153, 1050 Ixelles",
"is_foreign": false,
"legal_form": "SOCI\u00C9T\u00C9 ANONYME",
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"jurisdiction_country": "BE"
}
],
"exchange_ratio": 1.264,
"legal_articles": [
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"12:50",
"12:75"
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"is_cross_border": false,
"is_silent_merger": false,
"balance_basis_date": "2018-09-30",
"exchange_ratio_text": "1 264 nouvelles actions nominatives et sans valeur nominale de Immoatwork SA en \u00E9change de 1 000 actions nominatives de New South at Work SA",
"new_shares_issued_n": 1264,
"real_estate_included": true,
"patrimony_description": "L\u0027int\u00E9gralit\u00E9 du patrimoine actif et passif de la soci\u00E9t\u00E9 absorb\u00E9e, tant les droits que les obligations, est transf\u00E9r\u00E9e \u00E0 la soci\u00E9t\u00E9 absorbante par le m\u00E9canisme de la transmission universelle.",
"equity_transferred_eur": 422.35,
"accounting_effective_date": "2018-10-01"
},
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"org_kbo": null,
"org_name": null,
"person_name": "Val\u00E9rie Weyts",
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"summary_narrative": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire de la soci\u00E9t\u00E9 anonyme IMMOATWORK, si\u00E8ge \u00E0 Ixelles, a approuv\u00E9 la fusion par absorption de la soci\u00E9t\u00E9 New South At Work SA, \u00E9galement bas\u00E9e \u00E0 Ixelles. Le transfert du patrimoine int\u00E9gral s\u0027est fait sur la base des comptes arr\u00EAt\u00E9s au 30 septembre 2018. Le capital social de IMMOATWORK a \u00E9t\u00E9 augment\u00E9 de 650 000 EUR, passant \u00E0 1 311 500 EUR, par la cr\u00E9ation de 1 264 nouvelles actions. La soci\u00E9t\u00E9 absorb\u00E9e a cess\u00E9 d\u0027exister \u00E0 compter du 28 d\u00E9cembre 2018.",
"co_filed_documents": [
"2 procurations sous seing priv\u00E9",
"rapport du conseil d\u0027administration",
"rapport du commissaire",
"statuts coordonn\u00E9s"
],
"detected_real_type": "fusion_completed",
"referenced_correction": null,
"should_reroute_to_category": null
}23-11-2018 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
{
"stage": "proposal",
"notary": {
"name": "Gert Cauwenbergh",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
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"pub_date": "2018-11-23",
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"legal_form": "SA",
"is_new_company": false,
"jurisdiction_country": "BE"
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{
"kbo": "0666.669.320",
"name": "NEW SOUTH AT WORK SA",
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"is_foreign": false,
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"balance_basis_date": "2018-09-30",
"exchange_ratio_text": "1,2637",
"new_shares_issued_n": 1264,
"real_estate_included": true,
"patrimony_description": "L\u0027int\u00E9gralit\u00E9 du patrimoine (actif et passif) de NEW SOUTH AT WORK SA, y compris des biens immobiliers situ\u00E9s \u00E0 Anvers (b\u00E2timents de bureaux Green Desk, parkings, parts de copropri\u00E9t\u00E9), est transf\u00E9r\u00E9e \u00E0 Immoatwork SA par fusion par absorption.",
"equity_transferred_eur": 422349.56,
"accounting_effective_date": "2018-10-01"
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"summary_narrative": "Le projet de fusion par absorption entre la soci\u00E9t\u00E9 anonyme NEW SOUTH AT WORK et la soci\u00E9t\u00E9 anonyme IMMOATWORK a \u00E9t\u00E9 \u00E9tabli le 5 novembre 2018 par les organes de gestion des deux soci\u00E9t\u00E9s. L\u0027op\u00E9ration pr\u00E9voit le transfert int\u00E9gral du patrimoine de NEW SOUTH AT WORK SA \u00E0 IMMOATWORK SA, avec \u00E9mission de 1 264 nouvelles actions \u00E0 ses actionnaires au taux d\u0027\u00E9change de 1,2637. La fusion sera soumise \u00E0 l\u0027approbation de l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire pr\u00E9vue le 28 d\u00E9cembre 2018. Les op\u00E9rations de la soci\u00E9t\u00E9 absorb\u00E9e seront comptabilis\u00E9es \u00E0 partir du 1er octobre 2018.",
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"detected_real_type": "fusion_proposal",
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}20-09-2017 Deloitte appointed as auditor
- Deloitte, Auditor
Technical details
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}06-04-2017 Capital increase of €600,000 to €661,500
- €61.500 → €661.500
- Inbreng in geld · Apport en numéraire
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}23-01-2017 3 directors appointed
- Gauthier Bienfait, Administrateur non exécutif
- Benoît Dourte, Administrateur non exécutif
- Benoît Dourte, Administrateur exécutif
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}23-01-2017 3 directors appointed
- Gauthier Bienfait, Administrateur non exécutif
- Benoît Dourte, Administrateur non exécutif
- Benoît Dourte, Administrateur exécutif
Technical details
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}23-01-2017 1 director appointed, 1 resigning
- Jean-François Hubin, Representative of the commissioner
- Christel Weymeersch, Representative of the commissioner
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}17-05-2011 3 directors appointed
- Patrice De Bremaeker, Administrateur exécutif
- Gauthier Bienfait, Administrateur non exécutif
- Ivan Nyssen, Administrateur non exécutif
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}05-01-2007 PricewaterhouseCoopers Reviseurs d'Entreprises appointed as auditor
- PricewaterhouseCoopers Reviseurs d'Entreprises, Auditor
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"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0440.810.956",
"name_full": "Immoatwork"
}
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | IMMOATWORK |