IMMOCECO
ActiveSummary
IMMOCECO has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of -€15,402. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▼-64
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 7.23 against 5.43 in 2024; short-term debt: 13.8% and cash: 0.1% of total assets), and 15.5% 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
84.5%
Return on assets
-0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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
21 d late
2024
26 d late
2023
19 d late
2022
21 d late
2021
30 d late
2020
30 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 30 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€155,219
EBIT margin
68.6%
Net result
-€15,402
2024 · €934,580
Working capital
€1.7m▼ 0.9%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€155,219
Operating result€106,477▲ 38.7%€79,557▼ 25.3%€79,842▲ 0.4%€1.3m▲ 1,499%-€14,411
Net result€50,014▲ 50.6%€62,611above the sector's middle half▲ 25.2%€19,632within the sector's middle half▼ 68.6%€934,580above the sector's middle half▲ 4,660%-€15,402within the sector's middle half
EBIT margin68.6%
Equity€636,523▲ 8.5%€699,134above the sector's middle half▲ 9.8%€718,766above the sector's middle half▲ 2.8%€1.7mabove the sector's middle half▲ 130%€1.6mabove the sector's middle half▼ 0.9%
Total assets€2.0m▲ 26.9%€1.8mabove the sector's middle half▼ 6.7%€1.7mabove the sector's middle half▼ 4.6%€2.1mabove the sector's middle half▲ 18.7%€1.9mwithin the sector's middle half▼ 6.2%
Debt€1.3m▲ 38.2%€1.1m▼ 14.6%€1.0m▼ 9.2%€413,500▼ 59.5%€300,915▼ 27.2%
Working capital€165,343▼ 49.9%€126,549above the sector's middle half▼ 23.5%€62,928within the sector's middle half▼ 50.3%€1.7mabove the sector's middle half▲ 2,579%€1.7mabove the sector's middle half▼ 0.9%
Solvency32.6%▼ 5.5pp38.3%within the sector's middle half▲ 5.8pp41.3%within the sector's middle half▲ 3.0pp80.0%above the sector's middle half▲ 38.7pp84.5%above the sector's middle half▲ 4.5pp
Current ratio1.37▼ 0.871.30within the sector's middle half▼ 0.061.14within the sector's middle half▼ 0.165.43above the sector's middle half▲ 4.297.23above the sector's middle half▲ 1.80
Return on assets (ROA)2.6%▲ 0.4pp3.4%within the sector's middle half▲ 0.9pp1.1%within the sector's middle half▼ 2.3pp45.2%above the sector's middle half▲ 44.1pp-0.8%within the sector's middle half▼ 46.0pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,411 after €1.3m in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.9m
Equity
€1.6m ▼ 0.9%
Debt
€300,915 ▼ 27.2%
Debt's share of the balance-sheet total falls from 20.0% to 15.5%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.18▼
2024 · 0.25
ROE
-0.9%▼
2024 · 56.5%
Debt ≤ 1 year
€268,208▼
2024 · €380,793
Debt > 1 year
€32,707=
2024 · €32,707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,688 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
0.5%
went bankrupt
5.4%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,688 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €195,816 | - | - | - | - | - |
| Turnover70 | €155,219 | - | - | - | - | - |
| Other operating income74 | €40,598 | - | - | - | - | - |
| Operating charges60/66A | €89,339 | - | - | - | - | - |
| Services and other goods61 | €40,829 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,643 | €58,776 | €58,928 | - | - | - |
| Other operating charges640/8 | €868 | €10,440 | €11,638 | €11,719 | €12,794 | ▲ 9.2% |
| Gross operating margin9900 | - | €148,772 | €150,408 | €1.3m | -€1,617 | ▼ 100% |
| Operating profit (loss)9901 | €106,477 | €79,557 | €79,842 | €1.3m | -€14,411 | ▼ 101% |
| Financial income75/76B | - | €5 | - | - | - | - |
| Recurring financial income75 | - | €5 | - | - | - | - |
| Financial charges65/66B | €38,789 | €4,907 | €53,666 | €37,362 | €991 | ▼ 97.3% |
| Recurring financial charges65 | €38,789 | €4,907 | €53,666 | €37,362 | €991 | ▼ 97.3% |
| Other financial charges652/9 | €38,789 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €67,688 | €74,656 | €26,176 | €1.2m | -€15,402 | ▼ 101% |
| Income taxes67/77 | €17,674 | €12,045 | €6,544 | €304,527 | - | - |
| Taxes670/3 | €17,674 | - | - | - | - | - |
| Profit (loss) for the period9904 | €50,014 | €62,611 | €19,632 | €934,580 | -€15,402 | ▼ 102% |
| Transfer to tax-exempt reserves689 | - | - | - | €421,000 | - | - |
| Profit (loss) for the period to be appropriated9905 | €50,014 | €62,611 | €19,632 | €513,580 | -€15,402 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €1.8m | €1.7m | €2.1m | €1.9m | ▼ 6.2% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | - | - | - |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.2m | - | - | - |
| Land and buildings22 | €1.3m | €1.3m | €1.2m | - | - | - |
| Current assets29/58 | €616,346 | €544,671 | €518,276 | €2.1m | €1.9m | ▼ 6.2% |
| Amounts receivable within one year40/41 | €608,378 | €536,050 | €471,508 | €2.1m | €1.9m | ▼ 5.5% |
| Trade receivables40 | €10,922 | €19 | €19 | €4,952 | - | - |
| Other amounts receivable41 | €597,456 | €536,031 | €471,489 | €2.0m | €1.9m | ▼ 5.3% |
| Cash at bank and in hand54/58 | €7,968 | €8,621 | €35,137 | €16,602 | €1,017 | ▼ 93.9% |
| Deferred charges and accrued income490/1 | - | - | €11,630 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €1.8m | €1.7m | €2.1m | €1.9m | ▼ 6.2% |
| Equity10/15 | €636,523 | €699,134 | €718,766 | €1.7m | €1.6m | ▼ 0.9% |
| Contributions10/11 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Capital10 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Issued capital100 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Reserves13 | €239,207 | €239,207 | €239,207 | €679,207 | €679,207 | = |
| Non-distributable reserves130/1 | €16,000 | €16,000 | €16,000 | €35,000 | €35,000 | = |
| Legal reserve130 | - | €16,000 | €16,000 | €35,000 | €35,000 | = |
| Reserves not available under the articles1311 | €16,000 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €421,000 | €421,000 | = |
| Distributable reserves133 | €223,207 | €223,207 | €223,207 | €223,207 | €223,207 | = |
| Profit (loss) carried forward14 | €47,316 | €109,927 | €129,559 | €624,139 | €608,737 | ▼ 2.5% |
| Amounts payable17/49 | €1.3m | €1.1m | €1.0m | €413,500 | €300,915 | ▼ 27.2% |
| Amounts payable after more than one year17 | €866,901 | €706,720 | €550,913 | €32,707 | €32,707 | = |
| Financial debts170/4 | €834,194 | €674,013 | €518,206 | - | - | - |
| Credit institutions173 | €834,194 | - | - | - | - | - |
| Other amounts payable178/9 | €32,707 | €32,707 | €32,707 | €32,707 | €32,707 | = |
| Amounts payable within one year42/48 | €451,003 | €418,122 | €455,347 | €380,793 | €268,208 | ▼ 29.6% |
| Current portion of amounts payable after more than one year42 | €163,532 | €150,717 | €181,744 | €67,476 | - | - |
| Financial debts43 | €14,176 | - | - | - | - | - |
| Credit institutions430/8 | €14,176 | - | - | - | - | - |
| Trade debts44 | €17,859 | €2,205 | - | €20,764 | - | - |
| Suppliers440/4 | €17,859 | €2,205 | - | €20,764 | - | - |
| Taxes, remuneration and social security45 | €17,321 | €21,085 | €11,488 | €50,619 | €6,274 | ▼ 87.6% |
| Taxes450/3 | €17,321 | €21,085 | €11,488 | €50,619 | €6,274 | ▼ 87.6% |
| Other amounts payable47/48 | €238,115 | €244,115 | €262,115 | €241,934 | €261,934 | ▲ 8.3% |
| Accrued charges and deferred income492/3 | - | - | €15,484 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,014 | €62,611 | €19,632 | €934,580 | -€15,402 | ▼ 102% |
| + Depreciation and write-downs630 | €47,643 | €58,776 | €58,928 | - | - | - |
| Operating cash flow (approximation) | €97,657 | €121,386 | €78,560 | €934,580 | -€15,402 | ▼ 102% |
| Investment in fixed assets (approximation) | - | €0 | -€1,856 | - | - | - |
| Change in cash | - | €653 | €26,516 | -€18,536 | -€15,585 | ▲ 15.9% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €934,580 ▲4,660%
Operating result €1.3m, net result €934,580, both a record.
31-12
Financial
Liquidity times 5current ratio 5.43
Current ratio from 1.14 to 5.43; short-term debt falls from €455,347 to €380,793.
31-12
Financial
Equity above €1mEq €1.7m ▲130%
6 profitable years in a row build equity to €1.7m.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
31-12
Financial
Back to profitnet €231,145
Net result €231,145 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.53
Current ratio from 2.54 to 5.53.
Show earlier events
31-12
Financial
Equity above €500,000Eq €553,301 ▲71.7%
Equity rises from €322,157 to €553,301.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Lasne · 1 establishment unit since 2006
Ground area
670 m²
Parcel 25024A0226/00E003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de l'Abbaye 14, 1380 Lasne
since 20062.159.347.088
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25024A0226/00E003indicative | Wallonia | 670 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- AYW Green
- IMMOCECO
Highest known parent: AYW Green. The sources do not say who stands above it.
Owners 1
- AYW GreenparentSourceaccounts AYW Green 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 2,851 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
Founded31-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884692161
Registered
19-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.