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 €533k and a net result of €52k. 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 €35k 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.
Credit check for your own amount and term
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€533k▲ 10.8%
2024 · €481k
2018: €319k
2019: €619k▲ +94.1% vs 2018highest in 8 years
2020: €298k▼ -51.9% vs 2019lowest in 8 years
2021: €360k▲ +21.1% vs 2020
2022: €396k▲ +10.0% vs 2021
2023: €432k▲ +8.9% vs 2022
2024: €481k▲ +11.4% vs 2023
2025: €533k▲ +10.8% vs 2024
2018 → 2025
Total assets
€1.05M▼ 2.7%
2024 · €1.08M
2018: €1.35M
2019: €1.70M▲ +26.6% vs 2018highest in 8 years
2020: €1.68M▼ -1.4% vs 2019
2021: €1.11M▼ -33.7% vs 2020
2022: €1.07M▼ -4.2% vs 2021
2023: €1.24M▲ +16.2% vs 2022
2024: €1.08M▼ -12.7% vs 2023
2025: €1.05M▼ -2.7% vs 2024lowest in 8 years
2018 → 2025
Net result
€52k▲ 5.3%
2024 · €49k
2018: €219k
2019: €300k▲ +37.0% vs 2018highest in 8 years
2020: €78k▼ -73.9% vs 2019
2021: €63k▼ -19.8% vs 2020
2022: €36k▼ -42.6% vs 2021
2023: €35k▼ -2.3% vs 2022lowest in 8 years
2024: €49k▲ +39.7% vs 2023
2025: €52k▲ +5.3% vs 2024
2018 → 2025
Working capital
€173k▲ 22.5%
2024 · €141k
2018: €174k
2019: €448k▲ +158% vs 2018highest in 8 years
2020: €59k▼ -86.8% vs 2019lowest in 8 years
2021: €95k▲ +60.8% vs 2020
2022: €114k▲ +19.7% vs 2021
2023: €111k▼ -2.6% vs 2022
2024: €141k▲ +27.7% vs 2023
2025: €173k▲ +22.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€360k-€396k▲ 10.0%€432k▲ 8.9%€481k▲ 11.4%€533k▲ 10.8%
2021: €360klowest in 5 years
2022: €396k▲ +10.0% vs 2021
2023: €432k▲ +8.9% vs 2022
2024: €481k▲ +11.4% vs 2023
2025: €533k▲ +10.8% vs 2024highest in 5 years
Operating result€102k-€62k▼ 39.1%€60k▼ 3.9%€79k▲ 32.5%€79k▲ 0.5%
2021: €102khighest in 5 years
2022: €62k▼ -39.1% vs 2021
2023: €60k▼ -3.9% vs 2022lowest in 5 years
2024: €79k▲ +32.5% vs 2023
2025: €79k▲ +0.5% vs 2024
Net result€63k-€36k▼ 42.6%€35k▼ 2.3%€49k▲ 39.7%€52k▲ 5.3%
2021: €63khighest in 5 years
2022: €36k▼ -42.6% vs 2021
2023: €35k▼ -2.3% vs 2022lowest in 5 years
2024: €49k▲ +39.7% vs 2023
2025: €52k▲ +5.3% vs 2024
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 €1.05M
Fixed assets
€731k ▼ 6.7%
Current assets
€322k ▲ 7.8%
Equity and liabilities €1.05M
Equity
€533k ▲ 10.8%
Debt
€520k ▼ 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
€132k▲
2024 · €131k
Cash flow
€104k▲
2024 · €101k
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
€149k▼
2024 · €158k
Debt > 1 year
€371k▼
2024 · €443k
Income taxes
€18k▼
2024 · €19k
Staff costs
€9k▲
2024 · €8k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.05M▼
Fixed assets21/28€783k€731k▼
Tangible fixed assets22/27€783k€731k▼
Land and buildings22€665k€630k▼
Plant, machinery and equipment23€73k€62k▼
Furniture and vehicles24€45k€39k▼
Current assets29/58€299k€322k▲
Amounts receivable within one year40/41€171k€268k▲
Trade receivables40€86k€81k▼
Other amounts receivable41€85k€187k▲
Cash at bank and in hand54/58€128k€54k▼
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.05M▼
Equity10/15€481k€533k▲
Contributions10/11€100k€100k=
Reserves13€381k€433k▲
Distributable reserves133€381k€433k▲
Amounts payable17/49€601k€520k▼
Amounts payable after more than one year17€443k€371k▼
Financial debts170/4€443k€371k▼
Amounts payable within one year42/48€158k€149k▼
Current portion of amounts payable after more than one year42€71k€72k▲
Trade debts44€56k€34k▼
Suppliers440/4€56k€34k▼
Taxes, remuneration and social security45€31k€43k▲
Taxes450/3€31k€43k▲
Income statement
Code20242025
Remuneration, social security and pensions62€8k€9k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€52k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€84k
Other operating charges640/8€44k€29k▼
Gross operating margin9900€184k€254k▲
Operating profit (loss)9901€79k€79k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€68k€69k▲
Income taxes67/77€19k€18k▼
Profit (loss) for the period9904€49k€52k▲
Profit (loss) for the period to be appropriated9905€49k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€52k▲
Transfer to equity691/2€49k€52k▲
To other reserves6921€49k€52k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7k | €7k | €7k | €8k | €9k | ▲ 6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €51k | €52k | €52k | €52k | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €84k | - |
| Other operating charges640/8 | €9k | €9k | €10k | €44k | €29k | ▼ 34.7% |
| Gross operating margin9900 | €171k | €129k | €129k | €184k | €254k | ▲ 38.1% |
| Operating profit (loss)9901 | €102k | €62k | €60k | €79k | €79k | ▲ 0.5% |
| Financial income75/76B | - | €2 | - | - | - | - |
| Recurring financial income75 | - | €2 | - | - | - | - |
| Financial charges65/66B | €15k | €14k | €13k | €11k | €10k | ▼ 11.9% |
| Recurring financial charges65 | €15k | €14k | €13k | €11k | €10k | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €87k | €48k | €47k | €68k | €69k | ▲ 2.5% |
| Income taxes67/77 | €24k | €12k | €12k | €19k | €18k | ▼ 4.7% |
| Profit (loss) for the period9904 | €63k | €36k | €35k | €49k | €52k | ▲ 5.3% |
| Profit (loss) for the period to be appropriated9905 | €63k | €36k | €35k | €49k | €52k | ▲ 5.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.11M | €1.07M | €1.24M | €1.08M | €1.05M | ▼ 2.7% |
| Fixed assets21/28 | €917k | €866k | €835k | €783k | €731k | ▼ 6.7% |
| Tangible fixed assets22/27 | €917k | €866k | €835k | €783k | €731k | ▼ 6.7% |
| Land and buildings22 | €770k | €735k | €700k | €665k | €630k | ▼ 5.3% |
| Plant, machinery and equipment23 | €104k | €93k | €83k | €73k | €62k | ▼ 14.1% |
| Furniture and vehicles24 | €43k | €38k | €52k | €45k | €39k | ▼ 15.0% |
| Current assets29/58 | €197k | €200k | €404k | €299k | €322k | ▲ 7.8% |
| Amounts receivable within one year40/41 | €54k | €93k | €299k | €171k | €268k | ▲ 56.7% |
| Trade receivables40 | €54k | €93k | €84k | €86k | €81k | ▼ 5.5% |
| Other amounts receivable41 | - | - | €215k | €85k | €187k | ▲ 120% |
| Cash at bank and in hand54/58 | €143k | €107k | €105k | €128k | €54k | ▼ 57.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.11M | €1.07M | €1.24M | €1.08M | €1.05M | ▼ 2.7% |
| Equity10/15 | €360k | €396k | €432k | €481k | €533k | ▲ 10.8% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €260k | €296k | €332k | €381k | €433k | ▲ 13.6% |
| Non-distributable reserves130/1 | €10k | €10k | - | - | - | - |
| Reserves not available under the articles1311 | €10k | €10k | - | - | - | - |
| Distributable reserves133 | €250k | €286k | €332k | €381k | €433k | ▲ 13.6% |
| Amounts payable17/49 | €754k | €670k | €808k | €601k | €520k | ▼ 13.4% |
| Amounts payable after more than one year17 | €652k | €584k | €514k | €443k | €371k | ▼ 16.3% |
| Financial debts170/4 | €652k | €584k | €514k | €443k | €371k | ▼ 16.3% |
| Amounts payable within one year42/48 | €102k | €87k | €294k | €158k | €149k | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | €68k | €68k | €69k | €71k | €72k | ▲ 2.0% |
| Trade debts44 | €2k | €12k | €160k | €56k | €34k | ▼ 39.9% |
| Suppliers440/4 | €2k | €12k | €160k | €56k | €34k | ▼ 39.9% |
| Taxes, remuneration and social security45 | €32k | €7k | €64k | €31k | €43k | ▲ 40.2% |
| Taxes450/3 | €32k | €7k | €64k | €31k | €43k | ▲ 40.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €36k | €35k | €49k | €52k | ▲ 5.3% |
| + Depreciation and write-downs630 | €53k | €51k | €52k | €52k | €52k | = |
| Operating cash flow (approximation) | €116k | €87k | €87k | €101k | €104k | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | €0 | €-20k | €0 | €0 | - |
| Change in cash | - | €-36k | €-2k | €23k | €-74k | ▼ 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 €500kEq €533k ▲10.8%
8 profitable years in a row build equity to €533k.
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 €35k ▼2.3%
Net result drops to €35k, 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 €300k ▲37%
Operating result €446k, net result €300k, both a record.
31-12
Financial
Equity above €500kEq €619k ▲94.1%
2 profitable years in a row build equity to €619k.
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. 890 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.