Result
€52,870 ▼ 48.7%
The result fell in 2025 from €103,012 to €52,870.
IMMOCONSTRUCT LR
Overview
Lifetime
2 annual accounts with figures on one time axispeak €182,051 (2024)
€138,901▼ 23.7%
peak €103,012 (2024)
€52,870▼ 48.7%
peak €475,883 (2025)
€475,883▲ 12.5%
€1.0m▲ 31.9%
Board2 names since 2023
2 directorsCASCIO Séréna and 1 other
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Gross margin from €182,051 to €138,901Result from €103,012 to €52,870Equity from €423,012 to €475,883Debts from €764,515 to €1.0mInvestments €322,054Cash from €77,744 to €152,210
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€1.0m ▲ 31.9%
Debts rose by €243,744 in 2025.
Investments
€322,054 6.9 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.28 was 3.91 in 2024
Short-term debts rose from €41,363 to €80,377.
Position in the sector
€475,883
More equity than 83% of companies in real estate. Sector median €73,119 · 17,206 companies.
Checked score
96
Excellent
Financially stronger than 65% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 0.9%▼ -0.1 percentage points vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025highest value
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 0.1%▼ -1.0 percentage point vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Size: total assets €1.5m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 10-07-2026)
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, micro). It does better than 51% of them on solvency, 74% on liquidity, 66% on profitability and 69% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.28 (3.91 in 2024), above the usual 1.5. Short-term debt is 5.4% and cash 10.3% of total assets. However, 67.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
21 days early
2024
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 18 days before 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.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- RENARD Ludovic Georges Nicolas 220 sharesdeed of 12-04-2023
- CASCIO Séréna founderdeed of 12-04-2023
Shares in 1 company, RENARD TONY & Fils
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800552084
Incorporation
Founding capital of €100,000, 100 shares · Founders: RENARD Ludovic Georges Nicolas and CASCIO Séréna · Appointments: RENARD Ludovic Georges Nicolas (director) and CASCIO Séréna (director) · published on 12-04-2023 · Gazette deed
First establishment
Chemin de Gd-Halleux,Petit-Thier 16/C, Vielsalm
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMOCONSTRUCT LR Vielsalm | €1.5m | €138,901 | 32.1% | - |
| T.E.A.M. Menen | €1.5m | €155,269 | 8.0% | - |
| CRK Real Estate Nieuwpoort | €1.6m | €129,377 | -1.0% | - |
| Odyrgo Wuustwezel | €1.6m | €137,652 | 2.5% | - |
| Immo Lommel de Schaetzen Hasselt | €1.3m | €129,171 | 2.7% | - |
| MYRAS Antwerp | €1.6m | €121,007 | -1.3% | - |
| HEYERICK PROPERTY Nazareth-De Pinte | €1.4m | €175,724 | 34.4% | - |
These companies have the same main activity as IMMOCONSTRUCT LR: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.3m and €1.6m, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 07-04-2023Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.344.101.6046692 Vielsalm, since 07-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- €138,901▼ 23.7%
- €52,870▼ 48.7%
- €475,883▲ 12.5%
- €1.5m▲ 25.0%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on IMMOCONSTRUCT LR
IMMOCONSTRUCT LR has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €475,883 and a net result of €52,870.
Its solvency ranks better than 52% of 17,190 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadline€138,901
▼ 23.7%
€87,795
▼ 47.4%
€52,870
▼ 48.7%
€102,907
▼ 14.6%
32.1%
▼ 3.6 percentage points
2.28
▼ 1.63
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €150,000 and €300,000.
Balance sheet
balance sheet total €1.5m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
32.1%
Higher than 52% of 17,190 companies in 2025.
2.28
Higher than 70% of 16,487 companies in 2025.
3.6%
Higher than 60% of 16,866 companies in 2025.
IMMOCONSTRUCT LR
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
1.5m | 1.2m | |
21/28 |
1.3m | 1.0m | |
22/27 |
310,857 | 35,659 | |
22 |
259,898 | - | |
23 |
1,890 | 2,655 | |
24 |
49,069 | 33,004 | |
28 |
990,000 | 990,000 | |
29/58 |
183,284 | 161,869 | |
40/41 |
26,041 | 84,030 | |
40 |
395 | 81,286 | |
41 |
25,646 | 2,744 | |
54/58 |
152,210 | 77,744 | |
490/1 |
5,033 | 95 | |
| Balance sheet: equity and liabilities | |||
10/49 |
1.5m | 1.2m | |
10/15 |
475,883 | 423,012 | |
10/11 |
320,000 | 320,000 | |
13 |
155,883 | 103,012 | |
133 |
155,883 | 103,012 | |
17/49 |
1.0m | 764,515 | |
17 |
927,882 | 723,152 | |
170/4 |
427,882 | 22,973 | |
178/9 |
500,000 | 700,179 | |
42/48 |
80,377 | 41,363 | |
42 |
44,382 | 9,582 | |
44 |
9,307 | 3,792 | |
440/4 |
9,307 | 3,792 | |
45 |
17,687 | 18,989 | |
450/3 |
14,326 | 16,242 | |
454/9 |
3,361 | 2,747 | |
47/48 |
9,000 | 9,000 | |
| Income statement | |||
9900 |
138,901 | 182,051 | |
630 |
46,855 | 11,047 | |
640/8 |
4,250 | 4,136 | |
9901 |
87,795 | 166,869 | |
75/76B |
2 | 1 | |
75 |
2 | 1 | |
65/66B |
12,828 | 11,602 | |
65 |
12,828 | 11,602 | |
9903 |
74,969 | 155,268 | |
67/77 |
22,099 | 52,256 | |
9904 |
52,870 | 103,012 | |
9905 |
52,870 | 103,012 | |
| Appropriation of the result | |||
9906 |
52,870 | 103,012 | |
691/2 |
52,870 | 103,012 | |
6920 |
52,870 | 103,012 | |
| Document | |||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 134,651 | 177,915 | ||
| 99,726 | 114,059 | ||
| 322,054 | 1.0m | ||
| 74,467 | - | ||
| 102,907 | 120,506 | ||
| 32.1% | 35.6% | ||
| 2.28 | 3.91 | ||
| 2.12 | 1.81 | ||
| 11.1% | 24.4% | ||
| 3.6% | 8.7% | ||
| 10.50 | 15.34 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €322,054 | €46,705 |
| Financial fixed assets | - | €990,000 |
| €46,855 | €11,047 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on IMMOCONSTRUCT LR
The operating result for 2025 is 47% lower than in 2024.
Debt's share of the balance-sheet total rises from 64.4% to 67.9%. Equity and debt are higher.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
since 04-04-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 10-07-2026
Director (not named in the articles)
since 04-04-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 10-07-2026
Mandates through the years
2 names, the dashed line is todayCASCIO Séréna
Director (not named in the articles)
Director (not named in the articles)
RENARD Ludovic Georges Nicolas
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CASCIO Séréna
- Director (not named in the articles), from 04-04-2023 to date
- RENARD Ludovic Georges Nicolas
- Director (not named in the articles), from 04-04-2023 to date
Control
Founders
This company
IMMOCONSTRUCT LR
Equity €475,883
Profit €52,870 in 2025
Capital
- Contribution
- €320,000
- Shares
- 100
- Contribution per share
- €3,200
- Equity per share
- €4,759 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 12-04-2023 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Wednesday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 12-04-2023 ↗
- RENARD Ludovic Georges Nicolas 220 shares · in kind
- CASCIO Séréna founder
Network & group
Holdings
own 2025 accountsThis companyIMMOCONSTRUCT LR1 holding, 1 country
2025 accounts
Belgium 1 Equity Result
- BE RENARD TONY & FILS €1.3m result €119,793
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- RENARD TONY & FilssubsidiaryEquity €1.3m Profit of €119,793 in 2025 (profit of €174,903 in 2024) Checked score 97100%
Holdings through the years 2024 to 2025
| Name | 2024 | 2025 |
|---|---|---|
| RENARD TONY & Fils | 100% | |
Source: list of holdings in its own accounts
Connections & network
2 current directorsThe network starts from the directors of IMMOCONSTRUCT LR. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 21 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0800552084
Annual accounts 2024 filed PDFmicro format · 14 days before the deadline
2023
IncorporationFounding capital of €100,000, 100 shares · Founders: RENARD Ludovic Georges Nicolas and CASCIO Séréna · Appointments: RENARD Ludovic Georges Nicolas (director) and CASCIO Séréna (director) · published on 12-04-202310 points ▸
- Registered office clause, Chemin de Grand-Halleux n° 16/C, 6692 Vielsalm (Petit-Thier)
- Board rule, 2, 5
- Director appointment, RENARD Ludovic Georges Nicolas (director (not named in the articles))
- Director appointment, CASCIO Séréna (director (not named in the articles))
- Permanent representative, RENARD Ludovic Georges Nicolas
- Founder, RENARD Ludovic Georges Nicolas
- Founder, CASCIO Séréna
- Founding capital, €100,000, 100 shares
- RENARD Antoine Gaston Eli holds 900 shares
- BRUYERE Fabienne Anne Françoise holds 150 shares
- The deed holds 9 more points.
First establishment Chemin de Gd-Halleux,Petit-Thier 16/C, Vielsalm
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0800.552.084
- VAT number
- BE 0800.552.084
- Peppol ID
- 0208:0800552084
- Other Peppol ID
- 9925:BE0800552084
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-04-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Wednesday of June at 20:00deed of 12-04-2023 (in French)
- Peppol
- Reachable since 14-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- IMMOCONSTRUCT LR in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-04-2023 (in French)
Activities
NACEBEL 202568203
Renting and operating of own or leased non-residential real estate, excluding land main activity
Codes under NACEBEL 2008
68203
Real estate rental main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chemin de Gd-Halleux,Petit-Thier 16/C registered office 6692 Vielsalm | 07-04-2023 | 2.344.101.604 |
Contact
E-mail
immoconstructlr@gmail.com