Financials
- Fiscal 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 State 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 fiscal years (±2.1% per year). Its solvency ranks better than 45% of 5662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Development of residential building projects
NACE 68121Real estate development NACE 41101Real estate agency activities NACE 68310
#1 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
- 14 members
- Holdings
- 81
Auditor: Frederic PoesenAccounts 86 d early172 of 176 deeds read
Why 88- Liquidity: current ratio 0.65, cash €10.3m+ Size: turnover €15.7m, 21.2 FTE, total assets €960.2m+ Founded in 1863+ Legal form Public limited companyShow the evidence
Checked score
Score 2025
88
/ 100
Excellent
Probability in this band: under 0.55%
Better than 36% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
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%● 0.0% vs 11-2024
01-2025: 0.1%● 0.0% vs 12-2024
02-2025: 0.1%▼ -4.5% vs 01-2025lowest value
03-2025: 0.1%▲ +2.4% vs 02-2025
04-2025: 0.1%▲ +2.3% vs 03-2025
05-2025: 0.1%▲ +5.6% vs 04-2025
06-2025: 0.5%▲ +393% vs 05-2025
07-2025: 0.5%● 0.0% vs 06-2025
08-2025: 0.5%● 0.0% vs 07-2025
09-2025: 0.5%● 0.0% vs 08-2025
10-2025: 0.5%● 0.0% vs 09-2025
11-2025: 0.5%● 0.0% vs 10-2025
12-2025: 0.5%● 0.0% vs 11-2025
01-2026: 0.5%● 0.0% vs 12-2025
02-2026: 0.4%▼ -3.7% vs 01-2026
03-2026: 0.5%▲ +1.6% vs 02-2026
04-2026: 0.5%▲ +2.0% vs 03-2026
05-2026: 0.5%▲ +4.8% vs 04-2026highest value
06-2026: 0.2%▼ -62.6% vs 05-2026
07-2026: 0.2%● 0.0% vs 06-2026
08-2026: 0.2%● 0.0% vs 07-2026
09-2026: 0.2%● 0.0% vs 08-2026
10-2026: 0.2%● 0.0% vs 09-2026
- Liquidity: current ratio 0.65, cash €10.3m raises the probability
- Size: turnover €15.7m, 21.2 FTE, total assets €960.2m lowers the probability for this profile
- Founded in 1863 lowers the probability for this profile
- Legal form Public limited company lowers the probability
Credit up to €1,550,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.58 in 2024; short-term debt: 18% and cash: 1.1% of total assets), and 66.5% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 54%, liquidity 44%, profitability 16%, growth against the median 29%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 d early
2024
76 d early
2023
71 d early
2022
53 d early
2021
72 d early
2020
3 d late
2019
31 d 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 for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 20 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 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 #1 View
- Controlled by A³ Capitalknown shareholders 100% (incl. 0.24% own shares) 59.41% View
- Board changedlatest change 01-09-2026 · 14 in office 5 joined · 4 left View
- Active since 1863founded 09-07-1863 163 years View
- EU supportawarded 2021 - 2024 €384,546 View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Board & ownership
- Board
- 14 members
- Parent
- A³ Capital · 59.41%
- Known shareholders
- 100%
- Auditor
- Frederic Poesen
Go to Board & ownership
Network & group
- Subsidiaries
- 57
- Holdings
- 81
- Connected companies
- 14
- Mergers and contributions
- 11
+21
81 holdings
Timeline
- Events
- 109
- Since
- 2004
- Next accounts
- by 31-07-2027
- 21-09-2026Permanent representatives: Pierre NOTHOMB and Marnix GALLE
- 04-09-2026Resignation: Adel Yahia Consult BV (day-to-day manager)
- 26-05-2026Appointment: F.I.C. SA (niet uitvoerend niet onafhankelijk…
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…
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