Immocena
ActiveImmocena has been active since 1956 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.57M and a net result of €-7k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 55% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+5
Solvency62=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity short (current ratio 0.84 against 0.94 in 2024; short-term debt: 11.2% and cash: 0% of total assets), and 62.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
37.1%
Return on assets
-0.1%
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 31-08-2026, 31 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
31 d late
2024
25 d late
2023
57 d late
2022
31 d late
2021
25 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.57M▼ 0.1%
2024 · €2.57M
2018: €1.25M
2019: €1.19M
2020: €1.19M
2021: €2.64M
2022: €2.62M
2023: €2.58M
2024: €2.57M
2018 → 2025
Total assets
€6.93M▼ 1.7%
2024 · €7.05M
2018: €3.96M
2019: €3.72M
2020: €7.40M
2021: €7.18M
2022: €7.53M
2023: €7.24M
2024: €7.05M
2018 → 2025
Net result
€-7k▲ 23.2%
2024 · €-9k
2018: €180k
2019: €-58k
2020: €-7k
2021: €1.45M
2022: €-24k
2023: €-34k
2024: €-9k
2018 → 2025
Working capital
€-127k▼ 264%
2024 · €-35k
2018: €-449k
2019: €-64k
2020: €-2.62M
2021: €-217k
2022: €163k
2023: €31k
2024: €-35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.64M-€2.62M▼ 0.9%€2.58M▼ 1.3%€2.57M▼ 0.3%€2.57M▼ 0.1%
Operating result€86k-€41k▼ 51.8%€85k▲ 105%€144k▲ 70.3%€133k▼ 8.0%
Net result€1.45M-€-24k€-34k▼ 42.3%€-9k▲ 74.0%€-7k▲ 23.2%
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 falls in 2025; 2025 is 8% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.93M
Fixed assets
€6.28M▼ 3.6%
Current assets
€650k▲ 21.3%
Equity and liabilities €6.93M
Equity
€2.57M▼ 0.1%
Provisions
€777k▼ 4.6%
Debt
€3.58M▼ 2.2%
The debt ratio falls from 51.9% to 51.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€385k▼
2024 · €398k
Cash flow
€246k▲
2024 · €245k
Solvency
37.1%▲
2024 · 36.5%
Current ratio
0.84▼
2024 · 0.94
Quick ratio
0.84▼
2024 · 0.94
Debt / equity
1.39▼
2024 · 1.42
ROE
-0.3%▲
2024 · -0.3%
ROA
-0.1%▲
2024 · -0.1%
Interest coverage
3.28▲
2024 · 2.65
Debt
€3.58M▼
2024 · €3.66M
Debt ≤ 1 year
€777k▲
2024 · €570k
Debt > 1 year
€2.73M▼
2024 · €3.01M
Income taxes
€60k▲
2024 · €41k
Staff costs
€-505▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.05M€6.93M▼
Fixed assets21/28€6.52M€6.28M▼
Tangible fixed assets22/27€5.15M€4.92M▼
Land and buildings22€5.09M€4.86M▼
Furniture and vehicles24€16k€8k▼
Other tangible fixed assets26€46k€55k▲
Financial fixed assets28€1.36M€1.36M=
Current assets29/58€536k€650k▲
Amounts receivable within one year40/41€519k€640k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€514k€635k▲
Cash at bank and in hand54/58€9k€639▼
Deferred charges and accrued income490/1€7k€9k▲
Equity and liabilities
Total equity and liabilities10/49€7.05M€6.93M▼
Equity10/15€2.57M€2.57M▼
Contributions10/11€156k€156k=
Capital10€156k€156k=
Issued capital100€156k€156k=
Reserves13€2.37M€2.26M▼
Non-distributable reserves130/1€16k€16k=
Legal reserve130€16k€16k=
Tax-exempt reserves132€2.36M€2.25M▼
Profit (loss) carried forward14€44k€147k▲
Investment grants15-€4k
Provisions and deferred taxes16€815k€777k▼
Deferred taxes168€815k€777k▼
Amounts payable17/49€3.66M€3.58M▼
Amounts payable after more than one year17€3.01M€2.73M▼
Financial debts170/4€3.01M€2.73M▼
Amounts payable within one year42/48€570k€777k▲
Current portion of amounts payable after more than one year42€279k€284k▲
Trade debts44€103k€145k▲
Suppliers440/4€103k€145k▲
Advances received on contracts in progress46-€42k
Taxes, remuneration and social security45€79k€92k▲
Taxes450/3€78k€92k▲
Remuneration and social security454/9€936-
Other amounts payable47/48€110k€214k▲
Accrued charges and deferred income492/3€81k€78k▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€10k€-505▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€253k€253k▼
Other operating charges640/8€21k€23k▲
Gross operating margin9900€428k€408k▼
Operating profit (loss)9901€144k€133k▼
Financial income75/76B€23€437▲
Recurring financial income75€23€437▲
Financial charges65/66B€150k€118k▼
Recurring financial charges65€150k€118k▼
Profit (loss) for the period before taxes9903€-6k€16k▲
Transfer from deferred taxes780€38k€38k=
Income taxes67/77€41k€60k▲
Profit (loss) for the period9904€-9k€-7k▲
Transfer from tax-exempt reserves789€110k€110k=
Profit (loss) for the period to be appropriated9905€101k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€147k▲
Profit (loss) brought forward from the previous period14P€-57k€44k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 1.43
Current ratio from 0.41 to 1.43.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €1.45M
Net result €1.45M after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.64M ▲123%
Equity rises from €1.19M to €2.64M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €-58k ▼132%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grez-Doiceau · 2 establishment units since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drève de Laurensart 21390 Grez-DoiceauGround area
2,456 m²
Building footprint
1,255 m²
Volume, LiDAR
14,866 m³
2 parcels, Brussels, Wallonia · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Drève de Laurensart 2, 1390 Grez-Doiceau
since 20022.228.131.669
Louis Hymansstraat 10, 1050 Elsene
since 20052.228.131.867
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037F0151/00A000 | Wallonia | 2,147 m² | 1 · 1,139 m² | 18.2 m · 3 fl. |
| 21447B0312/00P004 | Brussels | 309 m² | 1 · 115 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SENIOR INN
BE 0503.775.735
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TERVURENLAAN REAL ESTATE
BE 0673.779.024
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CCS COMPANY
BE 0808.616.150
Koksijde · Eq €2.56M
WYMEX
BE 0448.662.117
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M REAL ESTATE
BE 0460.716.841
Overijse · Eq €2.58M
Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 2,434 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-01-1956
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:h.deliedekerke@skynet.be
Phone:0475 78 53 88
Phone:02 380 53 00