IMMOCEL
ActiveSummary
IMMOCEL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €-5k. Equity is shrinking by ~4.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability11▲+11
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 4.9 against 5.7 in 2023; short-term debt: 13.6% and cash: 0.1% of total assets), and 13.6% 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
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
-6.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
not confirmed
2024
26 d late
2023
78 d early
2022
28 d late
2021
51 d early
2020
18 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€69k▼ 6.7%
2023 · €74k
2018: €94k
2019: €95k▲ +1.1% vs 2018highest in 7 years
2020: €95k● -0.0% vs 2019
2021: €93k▼ -2.4% vs 2020
2022: €91k▼ -1.7% vs 2021
2023: €74k▼ -18.3% vs 2022
2024: €69k▼ -6.7% vs 2023lowest in 7 years
2018 → 2024
Total assets
€80k▼ 4.3%
2023 · €84k
2018: €95k
2019: €97k▲ +2.0% vs 2018
2020: €101k▲ +4.5% vs 2019
2021: €100k▼ -1.0% vs 2020
2022: €102k▲ +2.1% vs 2021highest in 7 years
2023: €84k▼ -18.0% vs 2022
2024: €80k▼ -4.3% vs 2023lowest in 7 years
2018 → 2024
Net result
€-5k▲ 70.2%
2023 · €-17k
2018: €932
2019: €1k▲ +9.0% vs 2018highest in 7 years
2020: €-10▼ -101% vs 2019
2021: €-2k▼ -22614% vs 2020
2022: €-2k▲ +29.5% vs 2021
2023: €-17k▼ -941% vs 2022lowest in 7 years
2024: €-5k▲ +70.2% vs 2023
2018 → 2024
Working capital
€43k▼ 4.8%
2023 · €45k
2018: €50k
2019: €54k▲ +8.3% vs 2018
2020: €57k▲ +4.1% vs 2019
2021: €58k▲ +1.4% vs 2020
2022: €59k▲ +1.7% vs 2021highest in 7 years
2023: €45k▼ -23.7% vs 2022
2024: €43k▼ -4.8% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€93k▼ 2.4%€91k▼ 1.7%€74k▼ 18.3%€69k▼ 6.7%
2020: €95khighest in 5 years
2021: €93k▼ -2.4% vs 2020
2022: €91k▼ -1.7% vs 2021
2023: €74k▼ -18.3% vs 2022
2024: €69k▼ -6.7% vs 2023lowest in 5 years
Operating result€-6k-€-6k▼ 6.4%€-6k▼ 2.8%€-20k▼ 220%€-5k▲ 74.9%
2020: €-6k
2021: €-6k▼ -6.4% vs 2020
2022: €-6k▼ -2.8% vs 2021
2023: €-20k▼ -220% vs 2022lowest in 5 years
2024: €-5k▲ +74.9% vs 2023highest in 5 years
Net result€-10-€-2k▼ 22,614%€-2k▲ 29.5%€-17k▼ 941%€-5k▲ 70.2%
2020: €-10highest in 5 years
2021: €-2k▼ -22614% vs 2020
2022: €-2k▲ +29.5% vs 2021
2023: €-17k▼ -941% vs 2022lowest in 5 years
2024: €-5k▲ +70.2% vs 2023
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 stays negative: a loss of €5k in 2024 against €20k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80k
Fixed assets
€27k ▼ 9.6%
Current assets
€53k ▼ 1.4%
Equity and liabilities €80k
Equity
€69k ▼ 6.7%
Debt
€11k ▲ 14.6%
Debt's share of the balance-sheet total rises from 11.3% to 13.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▲
2023 · €-17k
Cash flow
€-2k▲
2023 · €-14k
Current ratio
4.90▼
2023 · 5.70
Debt to equity
0.16▲
2023 · 0.13
ROE
-7.2%▲
2023 · -22.4%
ROA
-6.2%▲
2023 · -19.9%
Interest coverage
-33.61
Debt ≤ 1 year
€11k▲
2023 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€84k€80k▼
Formation expenses20-€0
Fixed assets21/28€30k€27k▼
Tangible fixed assets22/27€30k€27k▼
Land and buildings22€30k€27k▼
Current assets29/58€54k€53k▼
Amounts receivable within one year40/41€54k€53k▼
Other amounts receivable41€54k€53k▼
Cash at bank and in hand54/58€12€86▲
Deferred charges and accrued income490/1€560-
Equity and liabilities
Total equity and liabilities10/49€84k€80k▼
Equity10/15€74k€69k▼
Contributions10/11€129k€129k=
Capital10€129k€129k=
Issued capital100€129k€129k=
Profit (loss) carried forward14€-54k€-59k▼
Amounts payable17/49€10k€11k▲
Amounts payable within one year42/48€10k€11k▲
Trade debts44€10k€25▼
Suppliers440/4€10k€25▼
Other amounts payable47/48€0€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€3k€1k▼
Gross operating margin9900€-14k€-921▲
Operating profit (loss)9901€-20k€-5k▲
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€0€62▲
Recurring financial charges65€0€62▲
Profit (loss) for the period before taxes9903€-17k€-5k▲
Profit (loss) for the period9904€-17k€-5k▲
Profit (loss) for the period to be appropriated9905€-17k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-59k▼
Profit (loss) brought forward from the previous period14P€-38k€-54k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €3k | = |
| Other operating charges640/8 | - | €1k | €1k | €3k | €1k | ▼ 55.6% |
| Gross operating margin9900 | €-1k | €-2k | €-2k | €-14k | €-921 | ▲ 93.5% |
| Operating profit (loss)9901 | €-6k | €-6k | €-6k | €-20k | €-5k | ▲ 74.9% |
| Financial income75/76B | - | €4k | €5k | €3k | - | - |
| Recurring financial income75 | €6k | €4k | €5k | €3k | - | - |
| Financial charges65/66B | - | €258 | €101 | €0 | €62 | - |
| Recurring financial charges65 | €47 | €258 | €101 | €0 | €62 | - |
| Profit (loss) for the period before taxes9903 | €-16 | €-2k | €-2k | €-17k | €-5k | ▲ 70.2% |
| Income taxes67/77 | €-6 | €0 | - | - | - | - |
| Profit (loss) for the period9904 | €-10 | €-2k | €-2k | €-17k | €-5k | ▲ 70.2% |
| Profit (loss) for the period to be appropriated9905 | €-10 | €-2k | €-2k | €-17k | €-5k | ▲ 70.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101k | €100k | €102k | €84k | €80k | ▼ 4.3% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €38k | €35k | €33k | €30k | €27k | ▼ 9.6% |
| Tangible fixed assets22/27 | €38k | €35k | €33k | €30k | €27k | ▼ 9.6% |
| Land and buildings22 | - | €35k | €33k | €30k | €27k | ▼ 9.6% |
| Current assets29/58 | €63k | €65k | €70k | €54k | €53k | ▼ 1.4% |
| Amounts receivable within one year40/41 | €61k | €65k | €69k | €54k | €53k | ▼ 0.5% |
| Other amounts receivable41 | - | €65k | €69k | €54k | €53k | ▼ 0.5% |
| Cash at bank and in hand54/58 | €2k | €8 | €334 | €12 | €86 | ▲ 589% |
| Deferred charges and accrued income490/1 | - | - | - | €560 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101k | €100k | €102k | €84k | €80k | ▼ 4.3% |
| Equity10/15 | €95k | €93k | €91k | €74k | €69k | ▼ 6.7% |
| Contributions10/11 | €129k | €129k | €129k | €129k | €129k | = |
| Capital10 | - | €129k | €129k | €129k | €129k | = |
| Issued capital100 | - | €129k | €129k | €129k | €129k | = |
| Profit (loss) carried forward14 | €-34k | €-36k | €-38k | €-54k | €-59k | ▼ 9.2% |
| Amounts payable17/49 | €6k | €8k | €11k | €10k | €11k | ▲ 14.6% |
| Amounts payable within one year42/48 | €6k | €7k | €11k | €10k | €11k | ▲ 14.6% |
| Trade debts44 | €815 | €262 | €0 | €10k | €25 | ▼ 99.7% |
| Suppliers440/4 | - | €262 | €0 | €10k | €25 | ▼ 99.7% |
| Taxes, remuneration and social security45 | - | €0 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €7k | €11k | €0 | €11k | - |
| Accrued charges and deferred income492/3 | - | €244 | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10 | €-2k | €-2k | €-17k | €-5k | ▲ 70.2% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €3k | €578 | €1k | €-14k | €-2k | ▲ 84.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-2k | €325 | €-321 | €73 | ▲ 123% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €1k ▲9%
Net result €1k, the highest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Evergem · 1 establishment unit since 1991
Ground area
677 m²
Building footprint
80 m²
Volume, LiDAR
523 m³
Parcel 43006F0712/00N000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Stoepestraat 9, 9940 Evergem
since 19912.053.244.530
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43006F0712/00N000 | Flanders | 677 m² | 1 · 80 m² | 7.6 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded15-05-1991
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.