IMMOCARBU

Active

Private limited companyfounded 200719 yrs activeChenestre(StA) 41A, 4606 Dalhem, BelgiumKBO/BCE: BE 0890.312.322

Summary

IMMOCARBU has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €86k. Equity is shrinking by ~16.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 38% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

IMMOCARBUActiveChecked score 56/100

Risk analysis Report Compare

Checked score

Score 2025

56 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability68▲+34

Solvency40▲+12

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €6k at 30 days acceptable

Liquidity short (current ratio 0.33 against 0.36 in 2024; short-term debt: 84.6% and cash: 1.7% of total assets), and 84.6% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Real estate activities (NACE 68)

about 43% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

15.4%

Return on assets

12.3%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €108k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 filings

Deviation from the deadline

2025

6 d late

2024

20 d late

2023

21 d late

2022

56 d early

2021

22 d late

2020

18 d late

2019

35 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity

€108k▲ 393%

2024 · €22k

2018: €77k 2019: €77k● +0.0% vs 2018 2020: €63k▼ -18.1% vs 2019 2021: €47k▼ -25.2% vs 2020 2022: €13k▼ -73.4% vs 2021lowest in 8 years 2023: €33k▲ +159% vs 2022 2024: €22k▼ -32.8% vs 2023 2025: €108k▲ +393% vs 2024highest in 8 years

2018 → 2025

Total assets

€699k▼ 8.8%

2024 · €767k

2018: €1.13Mhighest in 8 years 2019: €1.01M▼ -11.0% vs 2018 2020: €1.01M● -0.0% vs 2019 2021: €1.03M▲ +2.3% vs 2020 2022: €784k▼ -23.8% vs 2021 2023: €778k▼ -0.8% vs 2022 2024: €767k▼ -1.4% vs 2023 2025: €699k▼ -8.8% vs 2024lowest in 8 years

2018 → 2025

Net result

€86k

2024 · €-11k

2018: €-33k 2019: €27▲ +100% vs 2018 2020: €-14k▼ -51804% vs 2019 2021: €-16k▼ -14.1% vs 2020 2022: €-35k▼ -118% vs 2021lowest in 8 years 2023: €20k▲ +158% vs 2022 2024: €-11k▼ -153% vs 2023 2025: €86k▲ +906% vs 2024highest in 8 years

2018 → 2025

Working capital

€-394k▲ 17.9%

2024 · €-480k

2018: €-711k 2019: €-713k▼ -0.3% vs 2018 2020: €-737k▼ -3.3% vs 2019 2021: €-753k▼ -2.2% vs 2020lowest in 8 years 2022: €-474k▲ +37.1% vs 2021 2023: €-470k▲ +0.8% vs 2022 2024: €-480k▼ -2.3% vs 2023 2025: €-394k▲ +17.9% vs 2024highest in 8 years

2018 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€47k-€13k▼ 73.4%€33k▲ 159%€22k▼ 32.8%€108k▲ 393% 2021: €47k 2022: €13k▼ -73.4% vs 2021lowest in 5 years 2023: €33k▲ +159% vs 2022 2024: €22k▼ -32.8% vs 2023 2025: €108k▲ +393% vs 2024highest in 5 years

Operating result€-15k-€-34k▼ 121%€21k€-10k€87k 2021: €-15k 2022: €-34k▼ -121% vs 2021lowest in 5 years 2023: €21k▲ +161% vs 2022 2024: €-10k▼ -146% vs 2023 2025: €87k▲ +1005% vs 2024highest in 5 years

Net result€-16k-€-35k▼ 118%€20k€-11k€86k 2021: €-16k 2022: €-35k▼ -118% vs 2021lowest in 5 years 2023: €20k▲ +158% vs 2022 2024: €-11k▼ -153% vs 2023 2025: €86k▲ +906% vs 2024highest in 5 years

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €87k after a loss of €10k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €699k

71.8%

28.2%

Fixed assets €502k =

Current assets €197k ▼ 25.6%

Equity and liabilities €699k

15.4%

84.6%

Equity €108k ▲ 393%

Debt €591k ▼ 20.6%

Debt's share of the balance-sheet total falls from 97.1% to 84.6%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Current ratio

0.33▼

2024 · 0.36

Debt to equity

5.48▼

2024 · 34.04

ROE

79.7%▲

2024 · -48.8%

ROA

12.3%▲

2024 · -1.4%

Debt ≤ 1 year

€591k▼

2024 · €745k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines

Balance sheet Code20242025

Assets

Total assets20/58€767k€699k▼

Fixed assets21/28€502k€502k=

Tangible fixed assets22/27€502k€502k=

Land and buildings22€502k€502k=

Current assets29/58€264k€197k▼

Amounts receivable within one year40/41€236k€185k▼

Trade receivables40€159k€72k▼

Other amounts receivable41€77k€112k▲

Cash at bank and in hand54/58€28k€12k▼

Deferred charges and accrued income490/1€258€43▼

Equity and liabilities

Total equity and liabilities10/49€767k€699k▼

Equity10/15€22k€108k▲

Contributions10/11€50k€50k=

Reserves13€5k€55k▲

Distributable reserves133€5k€55k▲

Profit (loss) carried forward14€-33k€3k▲

Amounts payable17/49€745k€591k▼

Amounts payable within one year42/48€745k€591k▼

Trade debts44€5k€564▼

Suppliers440/4€5k€564▼

Other amounts payable47/48€740k€591k▼

Income statement Code20242025

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-30k

Other operating charges640/8€437€451▲

Gross operating margin9900€-9k€58k▲

Operating profit (loss)9901€-10k€87k▲

Financial charges65/66B€1k€1k▲

Recurring financial charges65€1k€1k▲

Profit (loss) for the period before taxes9903€-11k€86k▲

Profit (loss) for the period9904€-11k€86k▲

Profit (loss) for the period to be appropriated9905€-11k€86k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-33k€53k▲

Profit (loss) brought forward from the previous period14P€-22k€-33k▼

Transfer to equity691/2-€50k

To other reserves6921-€50k

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	-	€-30k	-
Other operating charges640/8	€2k	€50k	€2k	€437	€451	▲ 3.2%
Gross operating margin9900	€-14k	€16k	€23k	€-9k	€58k	▲ 726%
Operating profit (loss)9901	€-15k	€-34k	€21k	€-10k	€87k	▲ 1,005%
Financial charges65/66B	€491	€541	€982	€1k	€1k	▲ 13.1%
Recurring financial charges65	€491	€541	€982	€1k	€1k	▲ 13.1%
Profit (loss) for the period before taxes9903	€-16k	€-35k	€20k	€-11k	€86k	▲ 906%
Profit (loss) for the period9904	€-16k	€-35k	€20k	€-11k	€86k	▲ 906%
Profit (loss) for the period to be appropriated9905	€-16k	€-35k	€20k	€-11k	€86k	▲ 906%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€1.03M	€784k	€778k	€767k	€699k	▼ 8.8%
Fixed assets21/28	€800k	€486k	€502k	€502k	€502k	=
Tangible fixed assets22/27	€797k	€483k	€502k	€502k	€502k	=
Land and buildings22	€797k	€483k	€502k	€502k	€502k	=
Financial fixed assets28	€3k	€3k	-	-	-	-
Current assets29/58	€229k	€298k	€275k	€264k	€197k	▼ 25.6%
Amounts receivable within one year40/41	€206k	€283k	€235k	€236k	€185k	▼ 21.8%
Trade receivables40	€198k	€198k	€159k	€159k	€72k	▼ 54.4%
Other amounts receivable41	€8k	€84k	€76k	€77k	€112k	▲ 45.5%
Cash at bank and in hand54/58	€22k	€15k	€40k	€28k	€12k	▼ 57.2%
Deferred charges and accrued income490/1	-	-	-	€258	€43	▼ 83.2%
Equity and liabilities
Total equity and liabilities10/49	€1.03M	€784k	€778k	€767k	€699k	▼ 8.8%
Equity10/15	€47k	€13k	€33k	€22k	€108k	▲ 393%
Contributions10/11	€50k	€50k	€50k	€50k	€50k	=
Reserves13	€5k	€5k	€5k	€5k	€55k	▲ 1,000%
Non-distributable reserves130/1	€5k	€5k	-	-	-	-
Reserves not available under the articles1311	€5k	€5k	-	-	-	-
Distributable reserves133	-	-	€5k	€5k	€55k	▲ 1,000%
Profit (loss) carried forward14	€-8k	€-42k	€-22k	€-33k	€3k	▲ 109%
Amounts payable17/49	€981k	€772k	€745k	€745k	€591k	▼ 20.6%
Amounts payable within one year42/48	€981k	€772k	€745k	€745k	€591k	▼ 20.6%
Trade debts44	€3k	€3k	€4k	€5k	€564	▼ 87.9%
Suppliers440/4	€3k	€3k	€4k	€5k	€564	▼ 87.9%
Other amounts payable47/48	€979k	€768k	€742k	€740k	€591k	▼ 20.2%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€-16k	€-35k	€20k	€-11k	€86k	▲ 906%
Operating cash flow (approximation)	€-16k	€-35k	€20k	€-11k	€86k	▲ 906%
Investment in fixed assets (approximation)	-	€314k	€-16k	€0	€0	-
Change in cash	-	€-7k	€25k	€-12k	€-16k	▼ 31.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

06-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 6 days late

2025

31-12

Financial Back to profitnet €86k

Net result €86k after one loss-making year.

31-12

Financial Equity above €100kEq €108k ▲393%

Equity rises from €22k to €108k.

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Back to profitnet €20k

Net result €20k after 3 loss-making years.

05-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €-35k

Net result drops to €-35k, the lowest in the series; recovery starts the following year.

22-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 22 days late

2021

18-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 18 days late

2020

04-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 35 days late

2019

31-12

Financial Back to profitnet €27

Net result €27 after one loss-making year.

Show earlier events

16-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 16 days late

2018

01-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 1 day late

2017

16-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 16 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 act for this company is 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, Dalhem

exact location from the address register On OpenStreetMap

Ground area

4,824 m²

Building footprint

190 m²

Volume, LiDAR

1,635 m³

Parcel 62092A0103/00C000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62092A0103/00C000	Wallonia	4,824 m²	1 · 190 m²	11.4 m · 3 fl.

Linked by address, not proof of ownership

Good to know

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

JUMI CONSTRUCT

BE 0693.758.648

Jabbeke · Eq €107,902

Destelbergen · Eq €108,059

Novalucce

BE 0700.733.740

Mechelen · Eq €107,692

G&O Projectontwikkeling

BE 0811.204.664

Hoogstraten · Eq €108,113

Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,318 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded25-06-2007

Fiscal year end31-12

Activities, NACEBEL 2025

68121Development of residential building projects

68110Buying and selling of own real estate

Scores and ratios are computed by Checked and are not a credit decision.