Immofactory
ActiveSummary
Immofactory has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €532,823 and a net result of €51,833. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+1
Solvency76▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 1.9 in 2024; short-term debt: 14.2% and cash: 5.1% of total assets), and 49.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
50.6%
Return on assets
4.9%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 d early
2024
29 d early
2023
27 d early
2022
38 d early
2021
2 d early
2020
38 d early
2019
39 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€532,823▲ 10.8%
2024 · €480,990
Total assets
€1.1m▼ 2.7%
2024 · €1.1m
Net result
€51,833▲ 5.3%
2024 · €49,246
Working capital
€173,026▲ 22.5%
2024 · €141,237
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€102,087▼ 24.6%€62,142▼ 39.1%€59,717▼ 3.9%€79,108▲ 32.5%€79,482▲ 0.5%
Net result€62,827▼ 19.8%€36,081▼ 42.6%€35,256▼ 2.3%€49,246▲ 39.7%€51,833▲ 5.3%
Equity€360,407▲ 21.1%€396,488▲ 10.0%€431,745▲ 8.9%€480,990▲ 11.4%€532,823▲ 10.8%
Total assets€1.1m▼ 33.7%€1.1m▼ 4.2%€1.2m▲ 16.2%€1.1m▼ 12.7%€1.1m▼ 2.7%
Debt€753,694▼ 45.5%€670,329▼ 11.1%€807,807▲ 20.5%€600,916▼ 25.6%€520,287▼ 13.4%
Working capital€94,840▲ 60.8%€113,549▲ 19.7%€110,630▼ 2.6%€141,237▲ 27.7%€173,026▲ 22.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€730,894 ▼ 6.7%
Current assets
€322,216 ▲ 7.8%
Equity and liabilities €1.1m
Equity
€532,823 ▲ 10.8%
Debt
€520,287 ▼ 13.4%
Debt's share of the balance-sheet total falls from 55.5% to 49.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€131,654▲
2024 · €131,280
Cash flow
€104,004▲
2024 · €101,417
Current ratio
2.16▲
2024 · 1.90
Debt to equity
0.98▼
2024 · 1.25
ROE
9.7%▼
2024 · 10.2%
ROA
4.9%▲
2024 · 4.6%
Interest coverage
13.15▲
2024 · 11.56
Debt ≤ 1 year
€149,191▼
2024 · €157,603
Debt > 1 year
€371,096▼
2024 · €443,312
Income taxes
€17,641▼
2024 · €18,505
Staff costs
€8,912▲
2024 · €8,350
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6,998 | €6,753 | €7,217 | €8,350 | €8,912 | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,998 | €50,707 | €51,646 | €52,171 | €52,171 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €84,375 | - |
| Other operating charges640/8 | €8,779 | €8,992 | €10,317 | €44,006 | €28,735 | ▼ 34.7% |
| Gross operating margin9900 | €170,863 | €128,593 | €128,898 | €183,636 | €253,676 | ▲ 38.1% |
| Operating profit (loss)9901 | €102,087 | €62,142 | €59,717 | €79,108 | €79,482 | ▲ 0.5% |
| Financial income75/76B | - | €2 | - | - | - | - |
| Recurring financial income75 | - | €2 | - | - | - | - |
| Financial charges65/66B | €15,362 | €14,039 | €12,709 | €11,357 | €10,009 | ▼ 11.9% |
| Recurring financial charges65 | €15,362 | €14,039 | €12,709 | €11,357 | €10,009 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €86,724 | €48,104 | €47,008 | €67,751 | €69,474 | ▲ 2.5% |
| Income taxes67/77 | €23,897 | €12,023 | €11,752 | €18,505 | €17,641 | ▼ 4.7% |
| Profit (loss) for the period9904 | €62,827 | €36,081 | €35,256 | €49,246 | €51,833 | ▲ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €62,827 | €36,081 | €35,256 | €49,246 | €51,833 | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | ▼ 2.7% |
| Fixed assets21/28 | €917,199 | €866,492 | €835,237 | €783,065 | €730,894 | ▼ 6.7% |
| Tangible fixed assets22/27 | €917,199 | €866,492 | €835,237 | €783,065 | €730,894 | ▼ 6.7% |
| Land and buildings22 | €770,308 | €735,199 | €700,090 | €664,981 | €629,873 | ▼ 5.3% |
| Plant, machinery and equipment23 | €103,632 | €93,257 | €82,989 | €72,722 | €62,454 | ▼ 14.1% |
| Furniture and vehicles24 | €43,259 | €38,037 | €52,157 | €45,362 | €38,567 | ▼ 15.0% |
| Current assets29/58 | €196,902 | €200,325 | €404,315 | €298,841 | €322,216 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €54,353 | €93,498 | €299,135 | €171,052 | €268,065 | ▲ 56.7% |
| Trade receivables40 | €54,353 | €93,498 | €83,989 | €86,144 | €81,404 | ▼ 5.5% |
| Other amounts receivable41 | - | - | €215,146 | €84,907 | €186,661 | ▲ 120% |
| Cash at bank and in hand54/58 | €142,549 | €106,827 | €105,180 | €127,789 | €54,151 | ▼ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.2m | €1.1m | €1.1m | ▼ 2.7% |
| Equity10/15 | €360,407 | €396,488 | €431,745 | €480,990 | €532,823 | ▲ 10.8% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €260,407 | €296,488 | €331,745 | €380,990 | €432,823 | ▲ 13.6% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | - | - | - | - |
| Reserves not available under the articles1311 | €10,000 | €10,000 | - | - | - | - |
| Distributable reserves133 | €250,407 | €286,488 | €331,745 | €380,990 | €432,823 | ▲ 13.6% |
| Amounts payable17/49 | €753,694 | €670,329 | €807,807 | €600,916 | €520,287 | ▼ 13.4% |
| Amounts payable after more than one year17 | €651,632 | €583,553 | €514,122 | €443,312 | €371,096 | ▼ 16.3% |
| Financial debts170/4 | €651,632 | €583,553 | €514,122 | €443,312 | €371,096 | ▼ 16.3% |
| Amounts payable within one year42/48 | €102,062 | €86,776 | €293,685 | €157,603 | €149,191 | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | €68,193 | €68,079 | €69,431 | €70,810 | €72,216 | ▲ 2.0% |
| Trade debts44 | €1,738 | €12,096 | €160,475 | €55,803 | €33,521 | ▼ 39.9% |
| Suppliers440/4 | €1,738 | €12,096 | €160,475 | €55,803 | €33,521 | ▼ 39.9% |
| Taxes, remuneration and social security45 | €32,131 | €6,600 | €63,779 | €30,991 | €43,453 | ▲ 40.2% |
| Taxes450/3 | €32,131 | €6,600 | €63,779 | €30,991 | €43,453 | ▲ 40.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,827 | €36,081 | €35,256 | €49,246 | €51,833 | ▲ 5.3% |
| + Depreciation and write-downs630 | €52,998 | €50,707 | €51,646 | €52,171 | €52,171 | = |
| Operating cash flow (approximation) | €115,826 | €86,788 | €86,903 | €101,417 | €104,004 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | €0 | -€20,391 | €0 | €0 | - |
| Change in cash | - | -€35,722 | -€1,647 | €22,609 | -€73,637 | ▼ 426% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500,000Eq €532,823 ▲10.8%
8 profitable years in a row build equity to €532,823.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €35,256 ▼2.3%
Net result drops to €35,256, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
31-12
Financial
Highest result since 2018net €300,173 ▲37%
Operating result €445,690, net result €300,173, both a record.
31-12
Financial
Equity above €500,000Eq €619,266 ▲94.1%
2 profitable years in a row build equity to €619,266.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kapellen · 1 establishment unit since 2017
Ground area
3,158 m²
Building footprint
1,125 m²
Volume, LiDAR
6,951 m³
Parcel 11023K0007/00Y026, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Immofactory
since 20172.266.549.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/00Y026 | Flanders | 3,158 m² | 1 · 1,125 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 889 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
Contact
E-mail
info@schelde-natie.be
Scores and ratios are computed by Checked and are not a credit decision.