IMMOCLABEL
ActiveSummary
IMMOCLABEL has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€334,541) and a net result of -€106,346. Equity is shrinking by ~56.8% per year across the filed fiscal years. Its solvency ranks better than 8% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability13▲+2
Solvency9▼-8
Growth72=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 1.05 in 2024; short-term debt: 96.5% and cash: 5.5% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven 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
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 2025Solvency, return and age of the figures
Solvency
-15.6%
Return on assets
-5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€334,541
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
60 d late
2023
69 d late
2022
on the day
2021
6 d early
2020
193 d late
2019
98 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 60 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€725,255▲ 504%
2018 · €120,000
EBIT margin
14.2%▲ 188.9pp
2018 · -174.7%
Net result
-€106,346▲ 39.5%
2024 · -€175,763
Working capital
-€96,864
2024 · €128,782
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€725,255
Operating result-€73,306▼ 122%€103,161€68,344▼ 33.8%-€150,242-€72,806▲ 51.5%
Net result-€110,599below the sector's middle half▼ 38.3%€67,602within the sector's middle half€55,379within the sector's middle half▼ 18.1%-€175,763below the sector's middle half-€106,346below the sector's middle half▲ 39.5%
EBIT margin14.2%
Equity-€175,413below the sector's middle half▼ 171%-€107,810below the sector's middle half▲ 38.5%-€52,432below the sector's middle half▲ 51.4%-€228,195below the sector's middle half▼ 335%-€334,541below the sector's middle half▼ 46.6%
Total assets€3.7mwithin the sector's middle half▼ 0.9%€3.9mwithin the sector's middle half▲ 6.1%€4.1mwithin the sector's middle half▲ 3.6%€3.0mwithin the sector's middle half▼ 25.9%€2.1mwithin the sector's middle half▼ 28.9%
Debt€3.9m▲ 2.0%€4.0m▲ 4.1%€4.1m▲ 2.1%€3.3m▼ 21.4%€2.5m▼ 23.6%
Working capital€545,261▼ 45.2%€746,592▲ 36.9%€409,092▼ 45.2%€128,782▼ 68.5%-€96,864
Solvency-4.7%below the sector's middle half▼ 3.0pp-2.7%below the sector's middle half▲ 2.0pp-1.3%below the sector's middle half▲ 1.5pp-7.5%below the sector's middle half▼ 6.3pp-15.6%below the sector's middle half▼ 8.0pp
Staff (FTE)
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 stays negative: a loss of €72,806 in 2025 against €150,242 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€172,322 ▼ 12.8%
Current assets
€2.0m ▼ 30.1%
Key figures and ratios
EBITDA
-€72,044▲
2024 · -€149,517
Cash flow
-€105,584▲
2024 · -€175,039
Current ratio
0.95▼
2024 · 1.05
Quick ratio
0.63▼
2024 · 0.76
Debt to equity
-7.42▲
2024 · -14.25
ROA
-5.0%▲
2024 · -5.8%
Interest coverage
-1.36▲
2024 · -2.55
Debt ≤ 1 year
€2.1m▼
2024 · €2.7m
Debt > 1 year
€410,000▼
2024 · €554,554
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,058 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% | 1.6% |
| 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 74% 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 1,217 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €725,255 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €619,666 | - | - | - | - |
| Remuneration, social security and pensions62 | €726 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €702 | - | €72 | €725 | €762 | ▲ 5.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €65,261 | - |
| Other operating charges640/8 | €52,297 | €2,130 | €8,975 | €12,808 | €17,719 | ▲ 38.3% |
| Non-recurring operating charges66A | - | €297 | - | €6,169 | - | - |
| Gross operating margin9900 | -€19,582 | €105,588 | €77,391 | -€130,540 | €10,936 | ▲ 108% |
| Operating profit (loss)9901 | -€73,306 | €103,161 | €68,344 | -€150,242 | -€72,806 | ▲ 51.5% |
| Financial income75/76B | €25,731 | €31,018 | €53,762 | €33,099 | €19,302 | ▼ 41.7% |
| Recurring financial income75 | €25,731 | €31,018 | €53,762 | €33,099 | €19,302 | ▼ 41.7% |
| Financial charges65/66B | €62,611 | €66,577 | €66,727 | €58,620 | €52,842 | ▼ 9.9% |
| Recurring financial charges65 | €60,326 | €66,577 | €66,510 | €58,580 | €52,842 | ▼ 9.8% |
| Non-recurring financial charges66B | €2,285 | - | €217 | €40 | - | - |
| Profit (loss) for the period before taxes9903 | -€110,186 | €67,602 | €55,379 | -€175,763 | -€106,346 | ▲ 39.5% |
| Income taxes67/77 | €413 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€110,599 | €67,602 | €55,379 | -€175,763 | -€106,346 | ▲ 39.5% |
| Profit (loss) for the period to be appropriated9905 | -€110,599 | €67,602 | €55,379 | -€175,763 | -€106,346 | ▲ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.7m | €3.9m | €4.1m | €3.0m | €2.1m | ▼ 28.9% |
| Fixed assets21/28 | €204,326 | €262,526 | €265,476 | €197,577 | €172,322 | ▼ 12.8% |
| Tangible fixed assets22/27 | €0 | €0 | €2,950 | €3,588 | €2,826 | ▼ 21.2% |
| Furniture and vehicles24 | €0 | €0 | €2,950 | €3,588 | €2,826 | ▼ 21.2% |
| Financial fixed assets28 | €204,326 | €262,526 | €262,526 | €193,989 | €169,496 | ▼ 12.6% |
| Current assets29/58 | €3.5m | €3.7m | €3.8m | €2.8m | €2.0m | ▼ 30.1% |
| Stocks and contracts in progress3 | €1.7m | €1.7m | €1.2m | €769,195 | €673,433 | ▼ 12.4% |
| Stocks30/36 | €1.7m | €1.7m | €1.2m | €769,195 | €673,433 | ▼ 12.4% |
| Amounts receivable within one year40/41 | €1.6m | €1.8m | €2.1m | €2.0m | €1.2m | ▼ 41.7% |
| Trade receivables40 | €650,585 | €712,807 | €455,293 | €418,652 | €181,662 | ▼ 56.6% |
| Other amounts receivable41 | €995,415 | €1.1m | €1.6m | €1.6m | €1.0m | ▼ 37.9% |
| Cash at bank and in hand54/58 | €148,371 | €151,214 | €491,261 | €23,146 | €118,263 | ▲ 411% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.7m | €3.9m | €4.1m | €3.0m | €2.1m | ▼ 28.9% |
| Equity10/15 | -€175,413 | -€107,810 | -€52,432 | -€228,195 | -€334,541 | ▼ 46.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€243,613 | -€176,010 | -€120,632 | -€296,395 | -€402,741 | ▼ 35.9% |
| Amounts payable17/49 | €3.9m | €4.0m | €4.1m | €3.3m | €2.5m | ▼ 23.6% |
| Amounts payable after more than one year17 | €925,000 | €1.1m | €727,000 | €554,554 | €410,000 | ▼ 26.1% |
| Financial debts170/4 | €925,000 | €1.1m | €727,000 | €554,554 | €410,000 | ▼ 26.1% |
| Amounts payable within one year42/48 | €3.0m | €2.9m | €3.4m | €2.7m | €2.1m | ▼ 23.1% |
| Financial debts43 | - | - | €1,937 | - | - | - |
| Credit institutions430/8 | - | - | €1,937 | - | - | - |
| Trade debts44 | €336,582 | €265,196 | €143,616 | €119,774 | €13,413 | ▼ 88.8% |
| Suppliers440/4 | €336,582 | €265,196 | €143,616 | €119,774 | €13,413 | ▼ 88.8% |
| Taxes, remuneration and social security45 | €30,912 | €39,396 | €108,549 | €5,292 | €1,945 | ▼ 63.2% |
| Taxes450/3 | €30,912 | €39,396 | €108,549 | €5,292 | €1,945 | ▼ 63.2% |
| Other amounts payable47/48 | €2.6m | €2.6m | €3.2m | €2.6m | €2.1m | ▼ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€110,599 | €67,602 | €55,379 | -€175,763 | -€106,346 | ▲ 39.5% |
| + Depreciation and write-downs630 | €702 | - | €72 | €725 | €762 | ▲ 5.2% |
| Operating cash flow (approximation) | -€109,898 | €67,602 | €55,451 | -€175,039 | -€105,584 | ▲ 39.7% |
| Investment in fixed assets (approximation) | - | -€58,200 | -€3,022 | €67,174 | €24,493 | ▼ 63.5% |
| Change in cash | - | €2,843 | €340,047 | -€468,114 | €95,117 | ▲ 120% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 69 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €67,602
Net result €67,602 after 4 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 193 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 98 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Namur · 1 establishment unit since 2016
Ground area
281 m²
Building footprint
116 m²
Volume, LiDAR
1,834 m³
2 parcels, Wallonia · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de la Grand-Place 3, 6700 Arlon
since 20162.263.067.111
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0730/00D000 | Wallonia | 159 m² | 1 · 59 m² | 20.7 m · 6 fl. |
| 81001A0316/00_000 | Wallonia | 123 m² | 1 · 58 m² | 15.7 m · 5 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.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,662 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
Founded27-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890377747
Also
9925:BE0890377747
Registered
26-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.