Active BE 0444.903.366Public limited company

IMMOCASE

Kapellestraat 6 ·1750 Lennik, Belgium· 35 yrs active

Sector: Retail sale of cars and light vans (up to 3.5 tonnes) (47811)

Conclusion Checked

IMMOCASE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151k and a net result of €21k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 17366 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€151k
Net result	€21k
Better than sector	55%
Active	35 yrs

Financial profile 5 of 5 axes measured · computed by Checked

73 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 64

Profitability 71

Solvency 52

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1991, 35 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

64 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€10k

estimate, not credit advice

Score history

53 2021

46 2022

61 2023

56 2024

64 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.24 (< 1.0) -10

Quick ratio Quick ratio 0.24 (< 0.6) -5

Leverage Debt/equity 1.44 (< 2.0) +3

Profitability ROE 14% (≥ 10%) +10

Interest coverage Interest coverage 280.1× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview32 NBB filings

Annual accounts filed on 27-05-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~15.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

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).

Sector comparison

Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	41.0%	34.6%	better than 55% of 17366 sector peers
Net result	€21k	€5k	better than 73% of 17348 sector peers
Equity	€151k	€44k	better than 78% of 17394 sector peers
Gross operating margin	€69k	€34k	better than 67% of 17313 sector peers
Total assets	€368k	€154k	better than 77% of 17371 sector peers

EBITDA

€69k

+22.0% 21-25

Net profit

€21k

+22.3% 21-25

Cash flow

€59k

+18.1% 21-25

Total assets

€368k

-0.4% 21-25

Equity

€151k

+16.5% 21-25

Working capital

€-166k

+4.5% 21-25

Income taxes

€10k

+53.9% 21-25

Debt

€217k

-9.5% 21-25

Debt ≤ 1y

€217k

-9.5% 21-25

Debt > 1y

€0

-100.0% 21-25

Current ratio

0.24

-14.5% 21-25

Quick ratio

0.24

-14.5% 21-25

Solvency

41.0%

+17.0% 21-25

Debt / equity

1.44

-22.3% 21-25

ROE

14.2%

+5.0% 21-25

ROA

5.8%

+22.8% 21-25

Interest coverage

280.06

+66.2% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	€69k	€57k	€60k	€44k	€52k
Net profit	€21k	€17k	€19k	€8k	€17k
Cash flow	€59k	€50k	€49k	€36k	€43k
Staff costs	-	-	-	-	-
Income taxes	€10k	€7k	€10k	€3k	€4k
Dividends	-	-	-	-	-
Total assets	€368k	€370k	€346k	€340k	€319k
Equity	€151k	€130k	€112k	€93k	€85k
Debt	€217k	€240k	€233k	€248k	€234k
of which ≤ 1y	€217k	€240k	€233k	€242k	€206k
of which > 1y	-	-	€0	€5k	€28k
Working capital	€-166k	€-174k	€-192k	€-211k	€-168k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.24	0.28	0.18	0.13	0.18
Quick ratio	0.24	0.28	0.18	0.13	0.18
Working capital ratio	-45.1%	-47.0%	-55.5%	-62.1%	-52.8%
Solvency	41.0%	35.1%	32.5%	27.3%	26.6%
Debt / equity	1.44	1.85	2.08	2.67	2.76
Long-term debt ratio	-	-	0.00	0.06	0.33
Interest coverage	280.06	168.48	37.63	13.76	10.99
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	5.8%	4.7%	5.6%	2.4%	5.3%
ROE	14.2%	13.5%	17.3%	8.7%	19.9%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €317k · 86.1% Current assets €51k · 13.9%

Equity & liabilities

Equity €151k · 41.0% Debt €217k · 59.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€368k	€370k	€346k	€340k	€319k
Fixed assets	21/28	€317k	€304k	€304k	€309k	€281k
Tangible fixed assets	22/27	€317k	€304k	€304k	€309k	€281k
Current assets	29/58	€51k	€66k	€41k	€31k	€37k
Amounts receivable within one year	40/41	€43k	€60k	€34k	€28k	€36k
Cash & bank	54/58	€7k	€6k	€7k	€2k	€253
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€368k	€370k	€346k	€340k	€319k
Equity	10/15	€151k	€130k	€112k	€93k	€85k
Contributions / capital	10/11	€62k	€62k	€62k	€62k	€62k
Reserves	13	€68k	€46k	€29k	€9k	€1k
Accumulated profits (losses)	14	€22k	€22k	€22k	€22k	€22k
Amounts payable	17/49	€217k	€240k	€233k	€248k	€234k
Amounts payable after one year	17	-	-	€0	€5k	€28k
Amounts payable within one year	42/48	€217k	€240k	€233k	€242k	€206k
Trade debts payable within one year	44	€2k	€16k	€11k	€3k	€11k
Income statement
Gross operating margin	9900	€69k	€57k	€60k	€45k	€52k
Operating result	9901	€32k	€24k	€31k	€16k	€25k
Financial income	75	€0	-	-	-	-
Financial charges	65	€247	€336	€2k	€3k	€5k
Result before taxes	9903	€31k	€24k	€29k	€11k	€21k
Income taxes	67/77	€10k	€7k	€10k	€3k	€4k
Net result for the period	9904	€21k	€17k	€19k	€8k	€17k
Result to be appropriated	9905	€21k	€17k	€19k	€8k	€17k

Legal Structure

NACE primary	Retail sale of cars and light vans (up to 3.5 tonnes)(47811)
Legal form	Public limited company(014)
Incorporation	30-07-1991
Status	Active
Postal code	1750

Establishment units 1 location

Kapellestraat 6, 1750 Lennik

NACE 5010101

since 19912.054.182.658

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23075A0130/00B000	Flanders	549 m²	1 · 315 m²	9.8 m · 2 fl.

Methodology

via registered seat: 1

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

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

Updates 11 events

All 15Financial 4Gazette 1Filings 10

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

2026

27-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2021net €21k ▲22.3%

Operating result €32k, net result €21k, both a record.

31-12

Financial Equity above €150kEq €151k ▲16.5%

5 profitable years in a row build equity to €151k.

26-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

11-12

State Gazette act Director changes

24-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €100kEq €112k ▲20.9%

3 profitable years in a row build equity to €112k.

11-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Weakest financial yearnet €8k ▼51.9%

Net result drops to €8k, the lowest in the series; recovery starts the following year.

19-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

25-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

22-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

01-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2024

11-12-2024 1 director appointed, 3 reappointed Director changes

Van den Driesch Guy, Gedelegeerd bestuurder
Guy Van den Driesch, Bestuurder
Karine Roems, Bestuurder
Kimberly Van den Driesch, Bestuurder

Original publication ↗

Technical details

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      "role": "bestuurder",
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    {
      "kind": "substantive_delegation",
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      "reason": null,
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      "via_org": {
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        "name": "Ad-Ministerie BV",
        "address": "Brusselsesteenweg 66, 1860 Meise",
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  },
  "act_meta": {
    "language": "mixed",
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    "filing_date": "2024-06-18",
    "act_kind_objet": "Onderwerp akte:"
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  "decisions": [
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Retail sale of cars and light vans (up to 3.5 tonnes)4781150103Real estate agency activities68310Real estate activities68311

Names & trade names

Legal nameNL

IMMOCASE

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