Financials
- Financial year
- 2025
- Turnover
- €15.7m
- Profit
- €2.0m
- Solvency
- 33.5%
Turnover▼ 29.5%
Net result
20182025
"IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE" OU "IMMOBILIEN VENNOOTSCHAP VAN BELGIE"
ActiveSummary
"IMMOBEL" OU "COMPAGNIE IMMOBILIERE DE BELGIQUE" OU "IMMOBILIEN VENNOOTSCHAP VAN BELGIE" has been active since 1863 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €322.0m and a net result of €2.0m. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 46% of 5,718 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Development of residential building projects
NACE 68121Real estate agency activities NACE 68310
Oldest company in Belgium, Real estate sector1 site
Size
€15.7mturnover 2025
- Staff
- 21.2 FTE
- Equity
- €322.0m
- Profit
- €2.0m
Structure
- Parent
- A³ Capital · 59.41%
- Board
- 10 members
- Holdings
- 81
- A³ Management BVChair · permanent representative Marnix GALLE
Auditor: Frederic PoesenAccounts 86 days early173 of 176 deeds read
Why 87raises riskLiquidity: current ratio 0.65, cash €10.3mlowers riskSize: turnover €15.7m, 21.2 FTE, total assets €960.2mFounded in 1863Legal form: public limited companyShow the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 68, small)
Financial strength · tick = 2024
Weak
Solvency
59+3
equity 33.5% of total assets
Liquidity
46+5
short-term debt 18.0% · cash 1.1%
Profitability
23+3
return on assets 0.2%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.4 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.4%▼ -0.1 percentage points vs 01-2026
03-2026: 0.5%▲ +0.1 percentage points vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026highest value
06-2026: 0.2%▼ -0.3 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €1,550,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.65, compared with 0.58 in 2024, below 1; short-term debt: 18% and cash: 1.1% of total assets), and 66.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 54% on solvency, 44% on liquidity, 16% on profitability and 29% on growth.
The bankruptcy probability was computed on 17-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-05-2026, 86 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
86 days early
2024
76 days early
2023
71 days early
2022
53 days early
2021
72 days early
2020
3 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median (NACE 68) for financial year 2024 is 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 20 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
- Permanent representatives: Pierre NOTHOMB and Marnix…Power of attorney
- Resignation: Adel Yahia Consult BV (day-to-day…Permanent representatives: Adel Yahia and…
- Appointment: F.I.C. SA (niet uitvoerend niet…Permanent representatives: Christophe TANGHE, Annick…
Key points
- Positive: Back in profit in 2025after -€94.5m in 2024 €2.0m View
- Positive: Oldest company in Belgium, Real estate sectorin the Checked rankings No. 1 View
- Controlled by A³ Capitalknown shareholders 100% (incl. 0.24% own shares) 59.41% View
- Board changedlatest change 01-09-2026 · 10 in office 4 joined · 3 left View
- Active since 1863founded 09-07-1863 163 years View
- EU supportawarded from 2021 to 2024 €384,546 View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
By topic
Board & ownership
- Board
- 10 members
- Parent
- A³ Capital · 59.41%
- Known shareholders
- 100%
- Auditor
- Frederic Poesen
- A³ Management BVChair
- Astrid De LathauwerDirector
- A.V.O. Management BVDirector
- M.J.S. Consulting BVDirector
- Pierre NothombDirector
and 5 other directors
Network & group
- Subsidiaries
- 57
- Holdings
- 81
- Connected companies
- 14
- Mergers and asset contributions
- 11
+21
81 holdings
Timeline
- Events
- 164
- Since
- 1978
- Next accounts
- by 31-07-2027
- 06-05-2026Annual accounts filed
- 24-04-2026Resignation: Holding Saint Charles SAS (independent director)
- 31-12-2025Back to profit
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Development of residential building projectsNACE 68121
- Founded
- 09-07-1863
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 145
- Who signs
- Two directors jointly
- Purpose
- “De vennootschap heeft tot voorwerp, rechtstreeks dan wel onrechtstreeks, via één of…” (deed in Dutch)
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