IMMOCARBU
ActiveSummary
IMMOCARBU has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,901 and a net result of €86,012. 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 14462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
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 €6,000 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.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
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
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
15.4%
Return on assets
12.3%
Age of the figures
9 mo
lowers risk · 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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €107,901
neutral · 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 filingsDeviation 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after 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 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#6 oldest company in Dalhem, Real estate sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€107,901▲ 393%
2024 · €21,889
Total assets
€699,252▼ 8.8%
2024 · €766,882
Net result
€86,012
2024 · -€10,671
Working capital
-€394,484▲ 17.9%
2024 · -€480,497
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€0.02m▼ 13.7%-€0.03m▼ 121%€0.02m-€0.01m€0.09m
Net result-€0.02mbelow the sector's middle half▼ 14.1%-€0.03mbelow the sector's middle half▼ 118%€0.02mwithin the sector's middle half-€0.01mbelow the sector's middle half€0.09mabove the sector's middle half
Equity€0.05mwithin the sector's middle half▼ 25.2%€0.01mbelow the sector's middle half▼ 73.4%€0.03mwithin the sector's middle half▲ 159%€0.02mwithin the sector's middle half▼ 32.8%€0.1mwithin the sector's middle half▲ 393%
Total assets€1.0mwithin the sector's middle half▲ 2.3%€0.8mwithin the sector's middle half▼ 23.8%€0.8mwithin the sector's middle half▼ 0.8%€0.8mwithin the sector's middle half▼ 1.4%€0.7mwithin the sector's middle half▼ 8.8%
Debt€1.0m▲ 4.1%€0.8m▼ 21.4%€0.7m▼ 3.4%€0.7m=€0.6m▼ 20.6%
Working capital-€0.8mbelow the sector's middle half▼ 2.2%-€0.5mbelow the sector's middle half▲ 37.1%-€0.5mbelow the sector's middle half▲ 0.8%-€0.5mbelow the sector's middle half▼ 2.3%-€0.4mbelow the sector's middle half▲ 17.9%
Solvency4.6%below the sector's middle half▼ 1.7pp1.6%below the sector's middle half▼ 3.0pp4.2%below the sector's middle half▲ 2.6pp2.9%below the sector's middle half▼ 1.3pp15.4%within the sector's middle half▲ 12.6pp
Current ratio0.23below the sector's middle half▲ 0.010.39below the sector's middle half▲ 0.150.37below the sector's middle half▼ 0.020.36below the sector's middle half▼ 0.010.33below the sector's middle half▼ 0.02
Return on assets (ROA)-1.5%within the sector's middle half▼ 0.2pp-4.4%below the sector's middle half▼ 2.9pp2.6%within the sector's middle half▲ 7.0pp-1.4%within the sector's middle half▼ 4.0pp12.3%above the sector's middle half▲ 13.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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: €87,182 after a loss of €9,637 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €699,252
Fixed assets
€502,386 =
Current assets
€196,866 ▼ 25.6%
Equity and liabilities €699,252
Equity
€107,901 ▲ 393%
Debt
€591,350 ▼ 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
Debt to equity
5.48▼
2024 · 34.04
ROE
79.7%▲
2024 · -48.8%
Debt ≤ 1 year
€591,350▼
2024 · €744,993
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,609 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€30,000 | - |
| Other operating charges640/8 | €1,820 | €50,344 | €1,800 | €437 | €451 | ▲ 3.2% |
| Gross operating margin9900 | -€13,618 | €16,223 | €22,772 | -€9,200 | €57,633 | ▲ 726% |
| Operating profit (loss)9901 | -€15,438 | -€34,121 | €20,972 | -€9,637 | €87,182 | ▲ 1,005% |
| Financial charges65/66B | €491 | €541 | €982 | €1,034 | €1,170 | ▲ 13.1% |
| Recurring financial charges65 | €491 | €541 | €982 | €1,034 | €1,170 | ▲ 13.1% |
| Profit (loss) for the period before taxes9903 | -€15,929 | -€34,662 | €19,990 | -€10,671 | €86,012 | ▲ 906% |
| Profit (loss) for the period9904 | -€15,929 | -€34,662 | €19,990 | -€10,671 | €86,012 | ▲ 906% |
| Profit (loss) for the period to be appropriated9905 | -€15,929 | -€34,662 | €19,990 | -€10,671 | €86,012 | ▲ 906% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 8.8% |
| Fixed assets21/28 | €0.8m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Tangible fixed assets22/27 | €0.8m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Land and buildings22 | €0.8m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Financial fixed assets28 | €0.003m | €0.003m | - | - | - | - |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 25.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 21.8% |
| Trade receivables40 | €0.2m | €0.2m | €0.2m | €0.2m | €0.07m | ▼ 54.4% |
| Other amounts receivable41 | €0.008m | €0.08m | €0.08m | €0.08m | €0.1m | ▲ 45.5% |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.04m | €0.03m | €0.01m | ▼ 57.2% |
| Deferred charges and accrued income490/1 | - | - | - | €258 | €43 | ▼ 83.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €0.8m | €0.8m | €0.8m | €0.7m | ▼ 8.8% |
| Equity10/15 | €0.05m | €0.01m | €0.03m | €0.02m | €0.1m | ▲ 393% |
| Contributions10/11 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.005m | €0.005m | €0.005m | €0.005m | €0.06m | ▲ 1,000% |
| Non-distributable reserves130/1 | €0.005m | €0.005m | - | - | - | - |
| Reserves not available under the articles1311 | €0.005m | €0.005m | - | - | - | - |
| Distributable reserves133 | - | - | €0.005m | €0.005m | €0.06m | ▲ 1,000% |
| Profit (loss) carried forward14 | -€0.008m | -€0.04m | -€0.02m | -€0.03m | €0.003m | ▲ 109% |
| Amounts payable17/49 | €1.0m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 20.6% |
| Amounts payable within one year42/48 | €1.0m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 20.6% |
| Trade debts44 | €0.003m | €0.003m | €0.004m | €0.005m | €0.001m | ▼ 87.9% |
| Suppliers440/4 | €0.003m | €0.003m | €0.004m | €0.005m | €0.001m | ▼ 87.9% |
| Other amounts payable47/48 | €1.0m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 20.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,929 | -€34,662 | €19,990 | -€10,671 | €86,012 | ▲ 906% |
| Operating cash flow (approximation) | -€15,929 | -€34,662 | €19,990 | -€10,671 | €86,012 | ▲ 906% |
| Investment in fixed assets (approximation) | - | €313,696 | -€16,234 | €0 | €0 | - |
| Change in cash | - | -€7,106 | €24,923 | -€12,226 | -€16,046 | ▼ 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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Back to profitnet €86,012
Net result €86,012 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €107,901 ▲393%
Equity rises from €21,889 to €107,901.
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 €19,990
Net result €19,990 after 3 loss-making years.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€34,662
Net result drops to -€34,662, 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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dalhem
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.
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Of 9,695 companies in this sector we hold annual accounts for 7,393. 5,320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890312322
Also
9925:BE0890312322
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.