IMMOCREATION
Open bankruptcyA bankruptcy procedure is open for IMMOCREATION according to publications in the Belgian State Gazette; curator: ISABELLE BERREWAERTS.
Summary
The 2022 annual accounts show equity of €80k and a net result of €56k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-07-2023, 22 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
22 d early
2021
12 d late
2020
137 d late
2019
121 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€5k
EBIT margin
-245.2%
Net result
€56k▲ 287%
2021 · €15k
2018: €-15klowest in 5 years
2019: €-2k▲ +89.0% vs 2018
2020: €23k▲ +1461% vs 2019
2021: €15k▼ -36.0% vs 2020
2022: €56k▲ +287% vs 2021highest in 5 years
2018 → 2022
Working capital
€80k▲ 242%
2021 · €23k
2018: €-9k
2019: €-14k▼ -59.7% vs 2018lowest in 5 years
2020: €9k▲ +164% vs 2019
2021: €23k▲ +168% vs 2020
2022: €80k▲ +242% vs 2021highest in 5 years
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€5k-
Equity€-12k-€-14k▼ 14.1%€9k€24k▲ 158%€80k▲ 237%
2018: €-12k
2019: €-14k▼ -14.1% vs 2018lowest in 5 years
2020: €9k▲ +168% vs 2019
2021: €24k▲ +158% vs 2020
2022: €80k▲ +237% vs 2021highest in 5 years
Operating result€-11k-€5k€23k▲ 386%€17k▼ 27.5%€77k▲ 368%
2018: €-11klowest in 5 years
2019: €5k▲ +142% vs 2018
2020: €23k▲ +386% vs 2019
2021: €17k▼ -27.5% vs 2020
2022: €77k▲ +368% vs 2021highest in 5 years
Net result€-15k-€-2k▲ 89.0%€23k€15k▼ 36.0%€56k▲ 287%
2018: €-15klowest in 5 years
2019: €-2k▲ +89.0% vs 2018
2020: €23k▲ +1461% vs 2019
2021: €15k▼ -36.0% vs 2020
2022: €56k▲ +287% vs 2021highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 368% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €125k
Fixed assets
€280 ▼ 35.5%
Current assets
€125k ▲ 165%
Equity and liabilities €125k
Equity
€80k ▲ 237%
Debt
€45k ▲ 88.9%
Debt's share of the balance-sheet total falls from 50.0% to 36.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77k▲
2021 · €17k
Cash flow
€56k▲
2021 · €15k
Current ratio
2.77▲
2021 · 1.98
Debt to equity
0.56▼
2021 · 1.00
ROE
70.3%▲
2021 · 61.2%
ROA
45.0%▲
2021 · 30.6%
Interest coverage
321.37▲
2021 · 37.13
Debt ≤ 1 year
€45k▲
2021 · €24k
Income taxes
€21k▲
2021 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 34 lines
Balance sheet
Code20212022
Assets
Total assets20/58€48k€125k▲
Fixed assets21/28€433€280▼
Tangible fixed assets22/27€325€171▼
Furniture and vehicles24€325€171▼
Financial fixed assets28€109€109=
Current assets29/58€47k€125k▲
Amounts receivable within one year40/41€45k€124k▲
Trade receivables40-€21k
Other amounts receivable41€45k€103k▲
Cash at bank and in hand54/58€2k€783▼
Equity and liabilities
Total equity and liabilities10/49€48k€125k▲
Equity10/15€24k€80k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€5k€61k▲
Amounts payable17/49€24k€45k▲
Amounts payable within one year42/48€24k€45k▲
Trade debts44€22k€17k▼
Suppliers440/4€22k€17k▼
Taxes, remuneration and social security45€2k€28k▲
Taxes450/3€2k€28k▲
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€168€154▼
Other operating charges640/8€220€895▲
Gross operating margin9900€17k€78k▲
Operating profit (loss)9901€17k€77k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€450€241▼
Recurring financial charges65€450€241▼
Profit (loss) for the period before taxes9903€16k€77k▲
Income taxes67/77€2k€21k▲
Profit (loss) for the period9904€15k€56k▲
Profit (loss) for the period to be appropriated9905€15k€56k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€61k▲
Profit (loss) brought forward from the previous period14P€-9k€5k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €5k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €180 | €176 | €168 | €154 | ▼ 8.3% |
| Other operating charges640/8 | - | - | - | €220 | €895 | ▲ 307% |
| Gross operating margin9900 | €-3k | €7k | €23k | €17k | €78k | ▲ 363% |
| Operating profit (loss)9901 | €-11k | €5k | €23k | €17k | €77k | ▲ 368% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | €0 | €18 | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €450 | €241 | ▼ 46.4% |
| Recurring financial charges65 | €4k | €6k | €29 | €450 | €241 | ▼ 46.4% |
| Profit (loss) for the period before taxes9903 | €-15k | €-2k | €23k | €16k | €77k | ▲ 379% |
| Income taxes67/77 | - | - | - | €2k | €21k | ▲ 1,264% |
| Profit (loss) for the period9904 | €-15k | €-2k | €23k | €15k | €56k | ▲ 287% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €-2k | €23k | €15k | €56k | ▲ 287% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €151k | €5k | €38k | €48k | €125k | ▲ 163% |
| Formation expenses20 | €345 | €165 | - | - | - | - |
| Fixed assets21/28 | €149k | - | €492 | €433 | €280 | ▼ 35.5% |
| Tangible fixed assets22/27 | €149k | - | €492 | €325 | €171 | ▼ 47.4% |
| Furniture and vehicles24 | - | - | - | €325 | €171 | ▼ 47.4% |
| Financial fixed assets28 | - | - | - | €109 | €109 | = |
| Current assets29/58 | €2k | €4k | €38k | €47k | €125k | ▲ 165% |
| Amounts receivable within one year40/41 | €0 | €787 | €27k | €45k | €124k | ▲ 177% |
| Trade receivables40 | - | - | - | - | €21k | - |
| Other amounts receivable41 | - | - | - | €45k | €103k | ▲ 131% |
| Cash at bank and in hand54/58 | €440 | €3k | €10k | €2k | €783 | ▼ 66.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €151k | €5k | €38k | €48k | €125k | ▲ 163% |
| Equity10/15 | €-12k | €-14k | €9k | €24k | €80k | ▲ 237% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Profit (loss) carried forward14 | €-30k | €-32k | €-9k | €5k | €61k | ▲ 1,089% |
| Amounts payable17/49 | €163k | €18k | €29k | €24k | €45k | ▲ 88.9% |
| Amounts payable after more than one year17 | €153k | - | - | - | - | - |
| Amounts payable within one year42/48 | €10k | €18k | €29k | €24k | €45k | ▲ 88.9% |
| Trade debts44 | €200 | €270 | €18k | €22k | €17k | ▼ 22.0% |
| Suppliers440/4 | - | - | - | €22k | €17k | ▼ 22.0% |
| Taxes, remuneration and social security45 | - | - | - | €2k | €28k | ▲ 1,152% |
| Taxes450/3 | - | - | - | €2k | €28k | ▲ 1,152% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €-2k | €23k | €15k | €56k | ▲ 287% |
| + Depreciation and write-downs630 | €6k | €180 | €176 | €168 | €154 | ▼ 8.3% |
| Operating cash flow (approximation) | €-9k | €-1k | €23k | €15k | €56k | ▲ 283% |
| Investment in fixed assets (approximation) | - | - | - | €-109 | €0 | ▲ 100% |
| Change in cash | - | €3k | €7k | €-8k | €-2k | ▲ 80.4% |
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
2025
06-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 31-07-2025
2023
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €56k ▲287%
Operating result €77k, net result €56k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 137 days late
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
31-12
Financial
Liquidity times 5current ratio 1.30
Current ratio from 0.25 to 1.30.
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 121 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Liège · 1 establishment unit since 2015
Ground area
2,464 m²
Building footprint
179 m²
Volume, LiDAR
1,427 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
IMMOCREATION
since 20152.249.295.683
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62352E0524/00E002 | Wallonia | 2,328 m² | 1 · 71 m² | 9.8 m · 2 fl. |
| 62002A0062/00E005 | Wallonia | 136 m² | 1 · 108 m² | 10.4 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ISABELLE BERREWAERTS PLACE PUISSANT 13,
4171 POULSEUR |
31-07-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-12-2015
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.