IMMOCOR
ActiveSummary
IMMOCOR has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €347,873 and a net result of €125,741. Equity is growing by ~14% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100▲+46
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 32.58 against 10.33 in 2025; short-term debt: 3.1% and cash: 0.6% of total assets), and 3.1% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
96.9%
Return on assets
35%
Age of the figures
7 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 31-08-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
30 d early
2025
33 d early
2024
30 d late
2023
40 d early
2022
37 d early
2021
93 d early
2020
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today28-02-2027 close30-09-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Equity
€347,873▲ 56.6%
2025 · €222,132
Total assets
€358,888▲ 20.0%
2025 · €299,154
Net result
€125,741▲ 3,719%
2025 · €3,292
Working capital
€347,873▲ 114%
2025 · €162,309
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€184,166▲ 2,295%€3,669▼ 98.0%-€718€6,436€173,848▲ 2,601%
Net result€123,826▲ 4,199%-€851-€3,935▼ 362%€3,292€125,741▲ 3,719%
Equity€223,626▲ 124%€222,775▼ 0.4%€218,840▼ 1.8%€222,132▲ 1.5%€347,873▲ 56.6%
Total assets€349,704▲ 48.1%€339,189▼ 3.0%€313,608▼ 7.5%€299,154▼ 4.6%€358,888▲ 20.0%
Debt€107,954▲ 0.6%€99,262▼ 8.1%€78,587▼ 20.8%€61,813▼ 21.3%€11,015▼ 82.2%
Working capital€196,818▲ 1,071%€175,059▼ 11.1%€165,188▼ 5.6%€162,309▼ 1.7%€347,873▲ 114%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2026 Net result +3,719% on 2025. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 2,601% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €358,888
Equity
€347,873 ▲ 56.6%
Provisions
€0 ▼ 100%
Debt
€11,015 ▼ 82.2%
Debt's share of the balance-sheet total falls from 20.7% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€173,848▲
2025 · €14,827
Cash flow
€125,741▲
2025 · €11,683
Current ratio
32.58▲
2025 · 10.33
Debt to equity
0.03▼
2025 · 0.28
ROE
36.1%▲
2025 · 1.5%
ROA
35.0%▲
2025 · 1.1%
Interest coverage
56.56▲
2025 · 4.06
Debt ≤ 1 year
€11,015▼
2025 · €17,393
Debt > 1 year
€0▼
2025 · €43,219
Income taxes
€70,966▲
2025 · €1,933
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 31,324 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €175,915 | €180 | €0 | - | €191,634 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,711 | €7,789 | €8,391 | €8,391 | €0 | ▼ 100% |
| Other operating charges640/8 | €1,841 | €1,288 | €1,438 | €1,460 | €845 | ▼ 42.1% |
| Gross operating margin9900 | €192,718 | €12,746 | €9,112 | €16,287 | €174,692 | ▲ 973% |
| Operating profit (loss)9901 | €184,166 | €3,669 | -€718 | €6,436 | €173,848 | ▲ 2,601% |
| Financial income75/76B | €0 | - | €172 | €1,471 | €10,724 | ▲ 629% |
| Recurring financial income75 | €0 | - | €172 | €1,471 | €10,724 | ▲ 629% |
| Financial charges65/66B | €5,696 | €5,065 | €4,361 | €3,654 | €3,074 | ▼ 15.9% |
| Recurring financial charges65 | €5,696 | €5,065 | €4,361 | €3,654 | €3,074 | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | €178,470 | -€1,396 | -€4,906 | €4,254 | €181,498 | ▲ 4,167% |
| Transfer from deferred taxes780 | €10,902 | €972 | €972 | €972 | €15,209 | ▲ 1,465% |
| Income taxes67/77 | €65,546 | €427 | €0 | €1,933 | €70,966 | ▲ 3,571% |
| Profit (loss) for the period9904 | €123,826 | -€851 | -€3,935 | €3,292 | €125,741 | ▲ 3,719% |
| Transfer from tax-exempt reserves789 | €19,509 | €1,973 | €1,973 | €1,973 | €25,830 | ▲ 1,209% |
| Profit (loss) for the period to be appropriated9905 | €143,335 | €1,122 | -€1,962 | €5,265 | €151,571 | ▲ 2,779% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €349,704 | €339,189 | €313,608 | €299,154 | €358,888 | ▲ 20.0% |
| Fixed assets21/28 | €128,015 | €136,234 | €127,843 | €119,452 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €128,015 | €136,234 | €127,843 | €119,452 | €0 | ▼ 100% |
| Land and buildings22 | €128,015 | €136,234 | €127,843 | €119,452 | €0 | ▼ 100% |
| Current assets29/58 | €221,689 | €202,955 | €185,765 | €179,702 | €358,888 | ▲ 99.7% |
| Amounts receivable within one year40/41 | €119,425 | €2,000 | €8,447 | €95,187 | €356,853 | ▲ 275% |
| Other amounts receivable41 | €119,425 | €2,000 | €8,447 | €95,187 | €356,853 | ▲ 275% |
| Current investments50/53 | - | €75,000 | €75,000 | €75,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €101,624 | €124,286 | €102,318 | €8,084 | €2,035 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | €639 | €1,670 | €0 | €1,431 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €349,704 | €339,189 | €313,608 | €299,154 | €358,888 | ▲ 20.0% |
| Equity10/15 | €223,626 | €222,775 | €218,840 | €222,132 | €347,873 | ▲ 56.6% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €161,652 | €159,754 | €157,781 | €160,159 | €285,900 | ▲ 78.5% |
| Non-distributable reserves130/1 | €6,197 | €6,272 | €6,272 | €6,272 | €6,272 | = |
| Legal reserve130 | €6,197 | €6,272 | €6,272 | €6,272 | €6,272 | = |
| Tax-exempt reserves132 | €31,749 | €29,776 | €27,803 | €25,830 | €0 | ▼ 100% |
| Distributable reserves133 | €123,706 | €123,706 | €123,706 | €128,057 | €279,628 | ▲ 118% |
| Profit (loss) carried forward14 | €0 | €1,047 | -€914 | €0 | - | - |
| Provisions and deferred taxes16 | €18,124 | €17,153 | €16,181 | €15,209 | €0 | ▼ 100% |
| Deferred taxes168 | €18,124 | €17,153 | €16,181 | €15,209 | €0 | ▼ 100% |
| Amounts payable17/49 | €107,954 | €99,262 | €78,587 | €61,813 | €11,015 | ▼ 82.2% |
| Amounts payable after more than one year17 | €82,220 | €69,926 | €56,939 | €43,219 | €0 | ▼ 100% |
| Financial debts170/4 | €82,220 | €69,926 | €56,939 | €43,219 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €24,871 | €27,896 | €20,577 | €17,393 | €11,015 | ▼ 36.7% |
| Current portion of amounts payable after more than one year42 | €11,637 | €12,294 | €12,987 | €13,720 | €0 | ▼ 100% |
| Trade debts44 | €1,462 | €3,404 | €7,590 | €1,741 | €49 | ▼ 97.2% |
| Suppliers440/4 | €1,462 | €3,404 | €7,590 | €1,741 | €49 | ▼ 97.2% |
| Taxes, remuneration and social security45 | €11,546 | €11,973 | €0 | €1,933 | €10,966 | ▲ 467% |
| Taxes450/3 | €11,546 | €11,973 | €0 | €1,933 | €10,966 | ▲ 467% |
| Other amounts payable47/48 | €225 | €225 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €863 | €1,439 | €1,071 | €1,200 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €123,826 | -€851 | -€3,935 | €3,292 | €125,741 | ▲ 3,719% |
| + Depreciation and write-downs630 | €6,711 | €7,789 | €8,391 | €8,391 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €130,536 | €6,938 | €4,456 | €11,683 | €125,741 | ▲ 976% |
| Investment in fixed assets (approximation) | - | -€16,008 | €0 | €0 | €119,452 | - |
| Change in cash | - | €22,662 | -€21,968 | -€94,234 | -€6,049 | ▲ 93.6% |
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 2027, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
28-02
Financial
Highest result since 2019net €125,741 ▲3,719%
Net result €125,741, the highest in the series.
28-02
Financial
Liquidity triplescurrent ratio 32.58
Current ratio from 10.33 to 32.58; short-term debt falls from €17,393 to €11,015.
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
28-02
Financial
Back to profitnet €3,292
Net result €3,292 after 2 loss-making years.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
29-02
Financial
Weakest financial yearnet -€3,935
Net result drops to -€3,935, the lowest in the series; recovery starts the following year.
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-02
Financial
Liquidity quadruplescurrent ratio 8.91
Current ratio from 2.41 to 8.91.
28-02
Financial
Equity above €200,000Eq €223,626 ▲124%
3 profitable years in a row build equity to €223,626.
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
29-02
Financial
Back to profitnet €133
Net result €133 after one loss-making year.
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Nandrin · 1 establishment unit since 1987
Ground area
1.1 ha
Building footprint
5,573 m²
Volume, LiDAR
49,076 m³
2 parcels, Wallonia · tallest building 17.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Quai de Coronmeuse 26 2, 4000 Liège
since 19872.033.546.701
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0193/00X000 | Wallonia | 9,709 m² | 1 · 5,417 m² | 17.3 m · 3 fl. |
| 61069D0239/00N000 | Wallonia | 1,546 m² | 1 · 156 m² | 7.0 m · 2 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.
Identification & contact
Identification
Legal formPublic limited company
Founded19-11-1986
Fiscal year end28-02
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.