IMMOCAT
ActiveSummary
IMMOCAT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €25,385. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 3.38 in 2024; short-term debt: 10.4% and cash: 13.7% of total assets), and 11.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
88.7%
Return on assets
2.2%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 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
28 d late
2024
28 d late
2023
60 d late
2022
59 d late
2021
59 d late
2020
150 d late
2019
60 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 63 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.0m▼ 1.4%
2024 · €1.0m
Total assets
€1.2m▲ 0.1%
2024 · €1.2m
Net result
€25,385▼ 14.5%
2024 · €29,701
Working capital
€229,645▼ 6.8%
2024 · €246,450
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€18,923▼ 53.9%€53,758▲ 184%€37,512▼ 30.2%€33,175▼ 11.6%€28,083▼ 15.3%
Net result-€164,863▼ 78.0%-€162,760▲ 1.3%€31,555€29,701▼ 5.9%€25,385▼ 14.5%
Equity€1.2m▼ 12.2%€1.0m▼ 13.7%€1.1m▲ 3.1%€1.0m▼ 1.0%€1.0m▼ 1.4%
Total assets€1.3m▼ 11.7%€1.1m▼ 12.8%€1.2m▲ 4.6%€1.2m▲ 0.8%€1.2m▲ 0.1%
Debt€76,187▼ 3.6%€77,689▲ 2.0%€96,463▲ 24.2%€116,174▲ 20.4%€131,588▲ 13.3%
Working capital€175,495▼ 49.8%€227,226▲ 29.5%€259,140▲ 14.0%€246,450▼ 4.9%€229,645▼ 6.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€811,845 =
Current assets
€351,033 ▲ 0.3%
Equity and liabilities €1.2m
Equity
€1.0m ▼ 1.4%
Debt
€131,588 ▲ 13.3%
Debt's share of the balance-sheet total rises from 10.0% to 11.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,443▼
2024 · €33,534
Cash flow
€25,745▼
2024 · €30,060
Current ratio
2.89▼
2024 · 3.38
Debt to equity
0.13▲
2024 · 0.11
ROE
2.5%▼
2024 · 2.8%
ROA
2.2%▼
2024 · 2.6%
Interest coverage
116.09▲
2024 · 66.54
Debt ≤ 1 year
€121,388▲
2024 · €103,424
Income taxes
€2,500▼
2024 · €2,970
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €359 | €359 | €359 | €359 | €360 | ▲ 0.3% |
| Other operating charges640/8 | - | €986 | €1,009 | €1,253 | €1,134 | ▼ 9.5% |
| Gross operating margin9900 | €19,428 | €55,103 | €38,880 | €34,787 | €29,577 | ▼ 15.0% |
| Operating profit (loss)9901 | €18,923 | €53,758 | €37,512 | €33,175 | €28,083 | ▼ 15.3% |
| Financial income75/76B | - | - | - | - | €47 | - |
| Recurring financial income75 | €608 | - | - | - | €47 | - |
| Financial charges65/66B | - | €216,518 | €2,857 | €504 | €245 | ▼ 51.4% |
| Recurring financial charges65 | €463 | €216,518 | €2,857 | €504 | €245 | ▼ 51.4% |
| Profit (loss) for the period before taxes9903 | -€164,863 | -€162,760 | €34,655 | €32,671 | €27,885 | ▼ 14.6% |
| Income taxes67/77 | - | - | €3,100 | €2,970 | €2,500 | ▼ 15.8% |
| Profit (loss) for the period9904 | -€164,863 | -€162,760 | €31,555 | €29,701 | €25,385 | ▼ 14.5% |
| Profit (loss) for the period to be appropriated9905 | -€164,863 | -€162,760 | €31,555 | €29,701 | €25,385 | ▼ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.1m | €1.2m | €1.2m | €1.2m | ▲ 0.1% |
| Fixed assets21/28 | €1.0m | €812,923 | €812,564 | €812,205 | €811,845 | = |
| Tangible fixed assets22/27 | €14,253 | €13,894 | €13,535 | €13,176 | €12,816 | ▼ 2.7% |
| Land and buildings22 | - | €13,894 | €13,535 | €13,176 | €12,816 | ▼ 2.7% |
| Financial fixed assets28 | €1.0m | €799,029 | €799,029 | €799,029 | €799,029 | = |
| Current assets29/58 | €235,314 | €289,415 | €340,103 | €349,874 | €351,033 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €153,319 | €150,667 | €183,892 | €160,930 | €183,973 | ▲ 14.3% |
| Trade receivables40 | - | €9,015 | €37,870 | €32,492 | €44,243 | ▲ 36.2% |
| Other amounts receivable41 | - | €141,652 | €146,022 | €128,438 | €139,730 | ▲ 8.8% |
| Cash at bank and in hand54/58 | €53,220 | €129,351 | €147,420 | €180,716 | €158,749 | ▼ 12.2% |
| Deferred charges and accrued income490/1 | - | €9,397 | €8,791 | €8,228 | €8,311 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €1.2m | €1.2m | €1.2m | ▲ 0.1% |
| Equity10/15 | €1.2m | €1.0m | €1.1m | €1.0m | €1.0m | ▼ 1.4% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €97,500 | €97,500 | €38,500 | €68,200 | €93,200 | ▲ 36.7% |
| Non-distributable reserves130/1 | - | €97,500 | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | €97,500 | €7,500 | €7,500 | €7,500 | = |
| Distributable reserves133 | - | - | €31,000 | €60,700 | €85,700 | ▲ 41.2% |
| Profit (loss) carried forward14 | €1.0m | €852,149 | €942,704 | €902,705 | €863,090 | ▼ 4.4% |
| Amounts payable17/49 | €76,187 | €77,689 | €96,463 | €116,174 | €131,588 | ▲ 13.3% |
| Amounts payable within one year42/48 | €59,819 | €62,189 | €80,963 | €103,424 | €121,388 | ▲ 17.4% |
| Trade debts44 | €50,713 | €38,334 | €58,461 | €10,812 | €15,883 | ▲ 46.9% |
| Suppliers440/4 | - | €38,334 | €58,461 | €10,812 | €15,883 | ▲ 46.9% |
| Taxes, remuneration and social security45 | - | €23,855 | €22,502 | €6,416 | €2,500 | ▼ 61.0% |
| Taxes450/3 | - | €23,855 | €22,502 | €6,416 | €2,500 | ▼ 61.0% |
| Other amounts payable47/48 | - | - | - | €86,196 | €103,005 | ▲ 19.5% |
| Accrued charges and deferred income492/3 | - | €15,500 | €15,500 | €12,750 | €10,200 | ▼ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€164,863 | -€162,760 | €31,555 | €29,701 | €25,385 | ▼ 14.5% |
| + Depreciation and write-downs630 | €359 | €359 | €359 | €359 | €360 | ▲ 0.3% |
| Operating cash flow (approximation) | -€164,504 | -€162,401 | €31,914 | €30,060 | €25,745 | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | €215,000 | €0 | €0 | €0 | - |
| Change in cash | - | €76,131 | €18,069 | €33,296 | -€21,967 | ▼ 166% |
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
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
30-06
Financial
Back to profitnet €31,555
Net result €31,555 after 4 loss-making years.
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
30-06
Financial
Weakest financial yearnet -€164,863
Net result drops to -€164,863, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 150 days late
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
22-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 295 days late
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 569 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Brakel · 1 establishment unit since 1995
Ground area
2,039 m²
Building footprint
595 m²
Volume, LiDAR
3,470 m³
2 parcels, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Waalsebaan 2, 3080 Tervuren
since 19952.058.315.353
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45056A0202/00P000 | Flanders | 1,597 m² | 1 · 156 m² | 7.9 m · 2 fl. |
| 24114B0368/00F000 | Flanders | 441 m² | 1 · 439 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 27,510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-07-1992
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447769222
Also
9925:BE0447769222
Registered
05-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.