Immofak
ActiveSummary
Immofak has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.10M and a net result of €606k. Equity remains stable across the filed fiscal years (±2.1% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency58▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 6.46 in 2024; short-term debt: 30.5% and cash: 8% of total assets), but 66.8% 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
33.2%
Return on assets
9.6%
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 · 9 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
24 d late
2022
29 d late
2021
22 d late
2020
19 d early
2019
24 d early
← 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
€2.10M▼ 4.4%
2024 · €2.20M
2018: €760k
2019: €771k▲ +1.4% vs 2018
2020: €751k▼ -2.6% vs 2019
2021: €773k▲ +2.9% vs 2020
2022: €787k▲ +1.8% vs 2021
2023: €562k▼ -28.6% vs 2022lowest in 8 years
2024: €2.20M▲ +291% vs 2023highest in 8 years
2025: €2.10M▼ -4.4% vs 2024
2018 → 2025
Total assets
€6.32M▲ 7.2%
2024 · €5.90M
2018: €1.29M
2019: €917k▼ -29.0% vs 2018
2020: €890k▼ -3.0% vs 2019
2021: €869k▼ -2.4% vs 2020
2022: €861k▼ -0.9% vs 2021
2023: €616k▼ -28.4% vs 2022lowest in 8 years
2024: €5.90M▲ +856% vs 2023
2025: €6.32M▲ +7.2% vs 2024highest in 8 years
2018 → 2025
Net result
€606k▼ 62.9%
2024 · €1.64M
2018: €-76klowest in 8 years
2019: €-31k▲ +59.7% vs 2018
2020: €-20k▲ +35.2% vs 2019
2021: €22k▲ +211% vs 2020
2022: €14k▼ -37.2% vs 2021
2023: €78k▲ +465% vs 2022
2024: €1.64M▲ +1996% vs 2023highest in 8 years
2025: €606k▼ -62.9% vs 2024
2018 → 2025
Working capital
€2.08M▼ 29.4%
2024 · €2.95M
2018: €192k
2019: €244k▲ +27.2% vs 2018
2020: €247k▲ +1.4% vs 2019
2021: €306k▲ +23.8% vs 2020
2022: €349k▲ +14.0% vs 2021
2023: €136k▼ -61.1% vs 2022lowest in 8 years
2024: €2.95M▲ +2073% vs 2023highest in 8 years
2025: €2.08M▼ -29.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€773k-€787k▲ 1.8%€562k▼ 28.6%€2.20M▲ 291%€2.10M▼ 4.4%
2021: €773k
2022: €787k▲ +1.8% vs 2021
2023: €562k▼ -28.6% vs 2022lowest in 5 years
2024: €2.20M▲ +291% vs 2023highest in 5 years
2025: €2.10M▼ -4.4% vs 2024
Operating result€384-€12k▲ 3,072%€11k▼ 9.2%€2.15M▲ 19,383%€780k▼ 63.8%
2021: €384lowest in 5 years
2022: €12k▲ +3072% vs 2021
2023: €11k▼ -9.2% vs 2022
2024: €2.15M▲ +19383% vs 2023highest in 5 years
2025: €780k▼ -63.8% vs 2024
Net result€22k-€14k▼ 37.2%€78k▲ 465%€1.64M▲ 1,996%€606k▼ 62.9%
2021: €22k
2022: €14k▼ -37.2% vs 2021lowest in 5 years
2023: €78k▲ +465% vs 2022
2024: €1.64M▲ +1996% vs 2023highest in 5 years
2025: €606k▼ -62.9% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.32M
Fixed assets
€2.32M ▼ 3.8%
Current assets
€4.01M ▲ 14.8%
Equity and liabilities €6.32M
Equity
€2.10M ▼ 4.4%
Provisions
€574k =
Debt
€3.65M ▲ 16.8%
Debt's share of the balance-sheet total rises from 53.0% to 57.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€935k▼
2024 · €2.29M
Cash flow
€761k▼
2024 · €1.77M
Current ratio
2.08▼
2024 · 6.46
Debt to equity
1.74▲
2024 · 1.42
ROE
28.9%▼
2024 · 74.4%
ROA
9.6%▼
2024 · 27.7%
Interest coverage
10.33▼
2024 · 38.00
Debt ≤ 1 year
€1.93M▲
2024 · €540k
Debt > 1 year
€1.72M▼
2024 · €2.00M
Income taxes
€193k▲
2024 · €21
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.90M€6.32M▲
Fixed assets21/28€2.41M€2.32M▼
Tangible fixed assets22/27€2.40M€2.31M▼
Land and buildings22€2.40M€2.31M▼
Financial fixed assets28€2k€2k=
Current assets29/58€3.49M€4.01M▲
Amounts receivable within one year40/41€3.47M€3.50M▲
Other amounts receivable41€3.47M€3.50M▲
Cash at bank and in hand54/58€19k€506k▲
Equity and liabilities
Total equity and liabilities10/49€5.90M€6.32M▲
Equity10/15€2.20M€2.10M▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€2.10M€2.00M▼
Non-distributable reserves130/1€62k€62k=
Legal reserve130€62k€62k=
Tax-exempt reserves132€1.72M€1.89M▲
Distributable reserves133€313k€47k▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€574k€574k=
Deferred taxes168€574k€574k=
Amounts payable17/49€3.12M€3.65M▲
Amounts payable after more than one year17€2.00M€1.72M▼
Financial debts170/4€2.00M€1.72M▼
Other amounts payable178/9€892€892=
Amounts payable within one year42/48€540k€1.93M▲
Trade debts44€5k€20k▲
Suppliers440/4€5k€20k▲
Taxes, remuneration and social security45€1k€154k▲
Taxes450/3€1k€154k▲
Other amounts payable47/48€533k€1.75M▲
Accrued charges and deferred income492/3€583k€0▼
Income statement
Code20242025
Non-recurring operating income76A€300€924k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€155k▲
Other operating charges640/8€11k€15k▲
Non-recurring operating charges66A-€15k
Gross operating margin9900€2.30M€966k▼
Operating profit (loss)9901€2.15M€780k▼
Financial income75/76B€101k€109k▲
Recurring financial income75€101k€109k▲
Financial charges65/66B€60k€91k▲
Recurring financial charges65€60k€91k▲
Non-recurring financial charges66B€0€0▼
Profit (loss) for the period before taxes9903€2.20M€799k▼
Transfer from deferred taxes780€14k€0▼
Transfer to deferred taxes680€574k€0▼
Income taxes67/77€21€193k▲
Profit (loss) for the period9904€1.64M€606k▼
Transfer from tax-exempt reserves789€27k€0▼
Transfer to tax-exempt reserves689€1.72M€168k▼
Profit (loss) for the period to be appropriated9905€-60k€438k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-60k€438k▲
Transfer from equity791/2€60k€266k▲
Profit to be distributed694/7-€704k
Return on contributions (dividend)694-€704k
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €600 | €300 | €924k | ▲ 307,989% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €28k | €25k | €132k | €155k | ▲ 17.5% |
| Other operating charges640/8 | €13k | €11k | €13k | €11k | €15k | ▲ 36.6% |
| Non-recurring operating charges66A | - | - | - | - | €15k | - |
| Gross operating margin9900 | €54k | €52k | €49k | €2.30M | €966k | ▼ 58.0% |
| Operating profit (loss)9901 | €384 | €12k | €11k | €2.15M | €780k | ▼ 63.8% |
| Financial income75/76B | €27k | €12k | €97k | €101k | €109k | ▲ 8.1% |
| Recurring financial income75 | €27k | €12k | €97k | €101k | €109k | ▲ 8.1% |
| Financial charges65/66B | €4k | €4k | €3k | €60k | €91k | ▲ 50.5% |
| Recurring financial charges65 | €4k | €4k | €3k | €60k | €91k | ▲ 50.5% |
| Non-recurring financial charges66B | - | - | - | €0 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €23k | €20k | €106k | €2.20M | €799k | ▼ 63.6% |
| Transfer from deferred taxes780 | €4k | €2k | €2k | €14k | €0 | ▼ 100% |
| Transfer to deferred taxes680 | - | - | - | €574k | €0 | ▼ 100% |
| Income taxes67/77 | €4k | €9k | €30k | €21 | €193k | ▲ 910,047% |
| Profit (loss) for the period9904 | €22k | €14k | €78k | €1.64M | €606k | ▼ 62.9% |
| Transfer from tax-exempt reserves789 | €7k | €4k | €4k | €27k | €0 | ▼ 100% |
| Transfer to tax-exempt reserves689 | - | - | - | €1.72M | €168k | ▼ 90.2% |
| Profit (loss) for the period to be appropriated9905 | €29k | €18k | €82k | €-60k | €438k | ▲ 833% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €869k | €861k | €616k | €5.90M | €6.32M | ▲ 7.2% |
| Fixed assets21/28 | €487k | €461k | €445k | €2.41M | €2.32M | ▼ 3.8% |
| Tangible fixed assets22/27 | €486k | €460k | €444k | €2.40M | €2.31M | ▼ 3.8% |
| Land and buildings22 | €470k | €446k | €425k | €2.40M | €2.31M | ▼ 3.8% |
| Plant, machinery and equipment23 | €15k | €13k | €19k | - | - | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €382k | €400k | €171k | €3.49M | €4.01M | ▲ 14.8% |
| Amounts receivable within one year40/41 | €722 | - | €300 | €3.47M | €3.50M | ▲ 0.9% |
| Trade receivables40 | - | - | €300 | - | - | - |
| Other amounts receivable41 | €722 | - | - | €3.47M | €3.50M | ▲ 0.9% |
| Current investments50/53 | €182k | €215k | €152k | - | - | - |
| Cash at bank and in hand54/58 | €197k | €183k | €17k | €19k | €506k | ▲ 2,500% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €869k | €861k | €616k | €5.90M | €6.32M | ▲ 7.2% |
| Equity10/15 | €773k | €787k | €562k | €2.20M | €2.10M | ▼ 4.4% |
| Contributions10/11 | €100k | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €100k | €100k | €100k | €100k | €100k | = |
| Reserves13 | €673k | €687k | €462k | €2.10M | €2.00M | ▼ 4.7% |
| Non-distributable reserves130/1 | €62k | €62k | €62k | €62k | €62k | = |
| Legal reserve130 | €62k | €62k | €62k | €62k | €62k | = |
| Tax-exempt reserves132 | €36k | €32k | €27k | €1.72M | €1.89M | ▲ 9.8% |
| Distributable reserves133 | €575k | €593k | €373k | €313k | €47k | ▼ 85.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €18k | €16k | €14k | €574k | €574k | = |
| Deferred taxes168 | €18k | €16k | €14k | €574k | €574k | = |
| Amounts payable17/49 | €77k | €58k | €40k | €3.12M | €3.65M | ▲ 16.8% |
| Amounts payable after more than one year17 | €892 | €5k | €5k | €2.00M | €1.72M | ▼ 13.9% |
| Financial debts170/4 | - | - | - | €2.00M | €1.72M | ▼ 13.9% |
| Other amounts payable178/9 | €892 | €5k | €5k | €892 | €892 | = |
| Amounts payable within one year42/48 | €76k | €51k | €35k | €540k | €1.93M | ▲ 257% |
| Trade debts44 | - | €376 | €120 | €5k | €20k | ▲ 290% |
| Suppliers440/4 | - | €376 | €120 | €5k | €20k | ▲ 290% |
| Taxes, remuneration and social security45 | €1k | €7k | €8k | €1k | €154k | ▲ 10,712% |
| Taxes450/3 | €1k | €7k | €8k | €1k | €154k | ▲ 10,712% |
| Other amounts payable47/48 | €75k | €44k | €28k | €533k | €1.75M | ▲ 228% |
| Accrued charges and deferred income492/3 | €798 | €2k | - | €583k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €14k | €78k | €1.64M | €606k | ▼ 62.9% |
| + Depreciation and write-downs630 | €40k | €28k | €25k | €132k | €155k | ▲ 17.5% |
| Operating cash flow (approximation) | €62k | €42k | €103k | €1.77M | €761k | ▼ 56.9% |
| Investment in fixed assets (approximation) | - | €-2k | €-9k | €-2.09M | €-64k | ▲ 96.9% |
| Change in cash | - | €-14k | €-166k | €2k | €487k | ▲ 22,862% |
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
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €1.64M ▲1,996%
Operating result €2.15M, net result €1.64M, both a record.
31-12
Financial
Equity above €2MEq €2.20M ▲291%
4 profitable years in a row build equity to €2.20M.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €22k
Net result €22k after 3 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 3.08
Current ratio from 1.38 to 3.08; short-term debt falls from €500k to €117k.
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
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 13 acts read
About the unread acts
We know of 13 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
13 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, Sint-Niklaas · 1 establishment unit since 1982
Ground area
1.1 ha
Building footprint
299 m²
Volume, LiDAR
2,050 m³
Parcel 46002C1179/00B000, Flanders · tallest building 13.4 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
IMMOFAK N V
since 19822.019.970.659
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46002C1179/00B000 | Flanders | 1.1 ha | 1 · 299 m² | 13.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900XL5VULRX43YY22
Identification & contact
Identification
Legal formPublic limited company
Founded20-11-1981
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.