Immofa
ActiveSummary
Immofa has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.31M and a net result of €118k. Equity is growing by ~9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+19
Solvency75▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.17 in 2024; short-term debt: 15.7% and cash: 0.1% of total assets), but 50% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
50%
Return on assets
4.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
30 d late
2023
5 d late
2022
7 d late
2021
11 d early
2020
31 d late
2019
27 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€118k▲ 131%
2024 · €51k
Working capital
€434k▼ 1.5%
2024 · €441k
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
Line20212022202320242025
Operating result€406k▲ 646%€168k▼ 58.5%€87k▼ 48.5%€119k▲ 37.2%€151k▲ 27.3%
Net result€270k€152k▼ 43.7%€44k▼ 70.9%€51k▲ 15.7%€118k▲ 131%
Equity€943k▲ 40.2%€1.09M▲ 16.2%€1.14M▲ 4.1%€1.19M▲ 4.5%€1.31M▲ 9.9%
Total assets€3.08M▲ 66.0%€3.01M▼ 2.2%€2.82M▼ 6.3%€2.69M▼ 4.8%€2.62M▼ 2.5%
Debt€1.89M▲ 80.0%€1.68M▼ 11.4%€1.49M▼ 11.4%€1.30M▼ 12.3%€1.24M▼ 4.8%
Working capital€400k€459k▲ 14.7%€475k▲ 3.6%€441k▼ 7.2%€434k▼ 1.5%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.61M
Fixed assets
€1.76M ▼ 5.1%
Current assets
€845k ▲ 3.4%
Equity and liabilities €2.62M
Equity
€1.31M ▲ 9.9%
Provisions
€70k ▼ 63.6%
Debt
€1.24M ▼ 4.8%
Debt's share of the balance-sheet total falls from 48.5% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€246k▲
2024 · €215k
Cash flow
€213k▲
2024 · €147k
Current ratio
2.06▼
2024 · 2.17
Debt to equity
0.95▼
2024 · 1.10
ROE
9.0%▲
2024 · 4.3%
ROA
4.5%▲
2024 · 1.9%
Interest coverage
17.30▲
2024 · 4.05
Debt ≤ 1 year
€411k▲
2024 · €376k
Debt > 1 year
€830k▼
2024 · €927k
Income taxes
€146k▲
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €403k | €20k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158k | €129k | €115k | €96k | €94k | ▼ 1.9% |
| Other operating charges640/8 | €30k | €23k | €23k | €25k | €21k | ▼ 14.6% |
| Non-recurring operating charges66A | - | - | €40k | - | - | - |
| Gross operating margin9900 | €594k | €321k | €264k | €240k | €267k | ▲ 11.3% |
| Operating profit (loss)9901 | €406k | €168k | €87k | €119k | €151k | ▲ 27.3% |
| Financial income75/76B | €0 | €5k | €5k | €5k | €5k | ▼ 2.2% |
| Recurring financial income75 | €0 | €5k | €5k | €5k | €5k | ▼ 2.2% |
| Financial charges65/66B | €22k | €25k | €23k | €53k | €14k | ▼ 73.2% |
| Recurring financial charges65 | €22k | €25k | €23k | €53k | €14k | ▼ 73.2% |
| Profit (loss) for the period before taxes9903 | €383k | €148k | €68k | €71k | €142k | ▲ 100% |
| Transfer from deferred taxes780 | €7k | €5k | €43k | €3k | €122k | ▲ 3,688% |
| Transfer to deferred taxes680 | €119k | - | - | - | - | - |
| Income taxes67/77 | €417 | - | €67k | €23k | €146k | ▲ 540% |
| Profit (loss) for the period9904 | €270k | €152k | €44k | €51k | €118k | ▲ 131% |
| Transfer from tax-exempt reserves789 | €16k | €13k | €129k | €10k | €294k | ▲ 2,950% |
| Transfer to tax-exempt reserves689 | €284k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3k | €166k | €173k | €61k | €412k | ▲ 576% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.08M | €3.01M | €2.82M | €2.69M | €2.62M | ▼ 2.5% |
| Formation expenses20 | €13k | €13k | €13k | €13k | €13k | = |
| Fixed assets21/28 | €2.34M | €2.21M | €1.95M | €1.86M | €1.76M | ▼ 5.1% |
| Tangible fixed assets22/27 | €2.34M | €2.21M | €1.95M | €1.86M | €1.76M | ▼ 5.1% |
| Land and buildings22 | €2.34M | €2.21M | €1.95M | €1.86M | €1.76M | ▼ 5.1% |
| Financial fixed assets28 | €886 | €886 | €886 | €886 | €886 | = |
| Current assets29/58 | €728k | €790k | €857k | €817k | €845k | ▲ 3.4% |
| Amounts receivable after more than one year29 | €480k | €485k | €716k | €748k | €753k | ▲ 0.6% |
| Other amounts receivable291 | €480k | €485k | €716k | €748k | €753k | ▲ 0.6% |
| Amounts receivable within one year40/41 | €229k | €266k | €61k | €30k | €31k | ▲ 2.6% |
| Trade receivables40 | - | - | - | - | €800 | - |
| Other amounts receivable41 | €229k | €266k | €61k | €30k | €30k | ▼ 0.1% |
| Cash at bank and in hand54/58 | €17k | €13k | €769 | €699 | €2k | ▲ 218% |
| Deferred charges and accrued income490/1 | €1k | €26k | €79k | €39k | €59k | ▲ 53.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.08M | €3.01M | €2.82M | €2.69M | €2.62M | ▼ 2.5% |
| Equity10/15 | €943k | €1.09M | €1.14M | €1.19M | €1.31M | ▲ 9.9% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €878k | €865k | €736k | €726k | €432k | ▼ 40.4% |
| Non-distributable reserves130/1 | €23k | €23k | €23k | €23k | €23k | = |
| Legal reserve130 | €23k | €23k | €23k | €23k | €23k | = |
| Tax-exempt reserves132 | €583k | €570k | €441k | €431k | €138k | ▼ 68.0% |
| Distributable reserves133 | €272k | €272k | €272k | €272k | €272k | = |
| Profit (loss) carried forward14 | €3k | €169k | €342k | €403k | €815k | ▲ 102% |
| Provisions and deferred taxes16 | €243k | €239k | €196k | €193k | €70k | ▼ 63.6% |
| Deferred taxes168 | €243k | €239k | €196k | €193k | €70k | ▼ 63.6% |
| Amounts payable17/49 | €1.89M | €1.68M | €1.49M | €1.30M | €1.24M | ▼ 4.8% |
| Amounts payable after more than one year17 | €1.56M | €1.34M | €1.10M | €927k | €830k | ▼ 10.5% |
| Financial debts170/4 | €1.53M | €1.30M | €1.07M | €891k | €794k | ▼ 11.0% |
| Other amounts payable178/9 | €30k | €36k | €36k | €36k | €36k | = |
| Amounts payable within one year42/48 | €328k | €332k | €382k | €376k | €411k | ▲ 9.1% |
| Current portion of amounts payable after more than one year42 | €189k | €180k | €158k | €140k | €132k | ▼ 6.1% |
| Financial debts43 | - | - | €3k | - | - | - |
| Credit institutions430/8 | - | - | €3k | - | - | - |
| Trade debts44 | €9k | €17k | €24k | €32k | €43k | ▲ 34.0% |
| Suppliers440/4 | €9k | €17k | €24k | €32k | €43k | ▲ 34.0% |
| Taxes, remuneration and social security45 | - | - | €71k | €87k | €162k | ▲ 85.9% |
| Taxes450/3 | - | - | €71k | €87k | €162k | ▲ 85.9% |
| Other amounts payable47/48 | €130k | €134k | €125k | €116k | €73k | ▼ 37.1% |
| Accrued charges and deferred income492/3 | €7k | €8k | €965 | - | €998 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €270k | €152k | €44k | €51k | €118k | ▲ 131% |
| + Depreciation and write-downs630 | €158k | €129k | €115k | €96k | €94k | ▼ 1.9% |
| Operating cash flow (approximation) | €429k | €282k | €159k | €147k | €213k | ▲ 44.3% |
| Investment in fixed assets (approximation) | - | €0 | €143k | €0 | €0 | - |
| Change in cash | - | €-4k | €-12k | €-69 | €2k | ▲ 2,301% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Equity above €1MEq €1.09M ▲16.2%
2 profitable years in a row build equity to €1.09M.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €270k
Net result €270k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.22
Current ratio from 0.56 to 2.22.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-177k
Net result drops to €-177k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Oud-Turnhout · 1 establishment unit since 1983
Ground area
5,953 m²
Building footprint
1,380 m²
Volume, LiDAR
6,956 m³
2 parcels, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
IMMOFA
since 19832.022.674.781
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0791/00K000 | Flanders | 4,562 m² | 1 · 1,156 m² | 6.6 m · 2 fl. |
| 13482F1012/00L000 | Flanders | 1,391 m² | 1 · 225 m² | 7.2 m · 1 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
Founded25-04-1983
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.