Equity
-€334,541
Debts exceed assets in financial year 2025.
IMMOCLABEL
Lifetime
18 annual accounts with figures on one time axispeak €739,299 (2015)
€10,936▲ €141,476
lowest -€230,759 (2018)
-€106,346▲ €69,417
peak €557,985 (2015)
-€334,541▼ €106,346
€2.5m▼ 23.6%
peak 1.3 FTE (2018)
-not published
Board2 names since 2024
1 directorCLART Jean-Pol
Documentsfilings and deeds
03-08-20263 days late
2025financial year
Gross margin from -€130,540 to €10,936Loss of €106,346Resignation: Jean-Marc DAME (director) 03-07Equity from -€228,195 to -€334,541Debts from €3.3m to €2.5mCash from €23,146 to €118,263
Key points
from the 2025 annual accountsLosses
-€282,109 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €46,000 estimated
The accounts state no turnover.
Debts
€2.5m 116% of the balance sheet
Financial debts 17%Suppliers 1%Taxes and wages 0%Other 83%
Of this, €2.1m falls due within a year.
Filings
18 annual accounts since 2008
Eight of the last ten came late. The 2020 accounts came latest: 193 days after the end of the period.
Position in the sector
-€334,541
Less equity than 92% of companies in real estate. Sector median €942,893 · 5,805 companies.
Checked score
52
Fair
Financially stronger than 7% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,998 companies (NACE 68, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.1 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025
10-2025: 1.4%▲ +0.7 percentage points vs 09-2025highest value
11-2025: 1.4%● unchanged vs 10-2025highest value
12-2025: 1.4%● unchanged vs 11-2025highest value
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 0.7%▼ -0.7 percentage points vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.4 percentage points vs 07-2026
09-2026: 0.3%▼ -1.0 percentage point vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€334,541
Last filed accounts filed 3 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €2.1m
Figures for financial year 2025 (filed on 03-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 4% of them on solvency, 8% on liquidity, 5% on profitability and 9% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,216 companies had the same profile as IMMOCLABEL has now. Each dot stands for 4 companies, two years later.
95.7%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMOCLABEL itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,216 companies, not a prediction for IMMOCLABEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.95 (1.05 in 2024), below 1. Short-term debt is 96.5% and cash 5.5% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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
raises risk · 2025 accounts filed 3 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
3 days late
2024
60 days late
2023
69 days late
2022
on the day
2021
6 days early
2020
193 days late
2019
98 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 August (4 of the last 5 accounts filed within 57 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0890377747
Resignation: Jean-Marc DAME (director)
Permanent representative: Jean-Marc DAME · General meeting of 07-11-2023 · Gazette deed
Appointment: CLART Jean-Pol (sole director)
Registered office clause: rue des Brasseurs 47, boîte 0021, 5000 Namur · General meeting of 25-01-2024 · Gazette deed
Registered office moved from Arllon to Arlon
New registered office: Avenue Victor Tesch n°13 à B-6700 Arlon · Previous registered office: Rue de la Grand-Place n°3 B-6700 Arllon · Board meeting of 13-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMOCLABEL Namur | €2.1m | €10,936 | -15.6% | - |
| VICTORCONSTRUCT Oostkamp | €2.2m | €12,406 | 6.5% | 0 |
| EXENT Fosses-la-Ville | €1.4m | €6,040 | 1.1% | - |
| SOREST Menen | €2.2m | €16,206 | 18.4% | - |
| PROJECT I Wevelgem | €1.5m | €13,124 | 6.9% | - |
| CADRAN - SAINT-MARTIN Villers-le-Bouillet | €1.7m | €7,909 | -10.5% | - |
| V.C. Enterprises Tienen | €1.6m | €12,542 | 4.3% | - |
These companies have the same main activity as IMMOCLABEL: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.4m and €2.2m, founded between 2003 and 2010.
Official details
Source: KBO- Status
- Active since 27-06-2007Normal situation
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.263.067.1116700 Arlon, since 02-02-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 26-01-2026
Insights on IMMOCLABEL
IMMOCLABEL has existed since 2007. In 2015 the gross margin rose from €32,742 to €739,299.
Solvency fell in 2025 from -7.5% to -15.6% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMOCLABEL
- What is the company number of IMMOCLABEL?
- The company number of IMMOCLABEL is 0890.377.747. The VAT number is the same number with BE in front: BE 0890.377.747.
- Where is IMMOCLABEL based?
- The registered office is at Rue des Brasseurs 47, 5000 Namur.Company details
- What does IMMOCLABEL do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of IMMOCLABEL?
- IMMOCLABEL is a public limited company (NV).
- When was IMMOCLABEL founded?
- IMMOCLABEL was founded on 27-06-2007.
- Is IMMOCLABEL still active?
- Yes, IMMOCLABEL is an active enterprise in the KBO register.
- How many employees does IMMOCLABEL have?
- IMMOCLABEL had an average of 1.3 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of IMMOCLABEL?
- The turnover in financial year 2025 is ≈ €46,000. This figure is estimated from the gross margin of €10,936 and 48 comparable companies (NACE 68121). It probably lies between €22,000 and €140,000. It is a rough estimate. In financial year 2022 turnover was €725,255.
- Is IMMOCLABEL profitable?
- In financial year 2025, IMMOCLABEL made a loss of €106,346.
- Where can I find the annual accounts of IMMOCLABEL?
- IMMOCLABEL filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMOCLABEL due?
- IMMOCLABEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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