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IMMOFARIN

Active
Private limited companyfounded 20233 yrs activeChaussée d'Ecaussinnes 253, 7090 Braine-le-Comte, BelgiumKBO/BCE: BE 0798.939.213
Summary

The computed 12-month bankruptcy probability of IMMOFARIN is 2.3% (moderate). The 2024 annual accounts show equity of €16,781 and a net result of €827. Its solvency ranks better than 32% of 15869 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability70▼-30
Solvency41▼-51
Growth52
Track record94
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 1.0 against 3.02 in 2023; short-term debt: 13.3% and cash: 5.9% of total assets), and 83.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
16.2%
Return on assets
0.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 29-06-2026, 32 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
32 d early
2024
28 d late
2023
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

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. Usually files around 2 July (3 of the last 3 filed years within 57 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMOFARIN was incorporated on 28 February 2023 as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
€16,781▲ 5.2%
2023 · €15,954
Total assets
€103,772▲ 335%
2023 · €23,854
Net result
€827▼ 93.6%
2023 · €12,954
Working capital
-€10
2023 · €15,954
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€18,006-€1,552▼ 91.4%
Net result€12,954within the sector's middle half-€827within the sector's middle half▼ 93.6%
Equity€15,954within the sector's middle half-€16,781within the sector's middle half▲ 5.2%
Total assets€23,854below the sector's middle half-€103,772within the sector's middle half▲ 335%
Debt€7,900-€86,991▲ 1,001%
Working capital€15,954within the sector's middle half--€10within the sector's middle half
Solvency66.9%within the sector's middle half-16.2%within the sector's middle half▼ 50.7pp
Current ratio3.02within the sector's middle half-1.00within the sector's middle half▼ 2.02
Return on assets (ROA)54.3%above the sector's middle half-0.8%within the sector's middle half▼ 53.5pp
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000€15,000€20,000Operating result 2023: €18,006€18,006Net result 2023: €12,954€12,954Operating result 2024: €1,552€1,552Net result 2024: €827€82720232024€0€5,000€10,000€15,000€20,000Operating result 2023: €18,006€18,000Net result 2023: €12,954€13,000Operating result 2024: €1,552€1,550Net result 2024: €827€82720232024
The operating result falls in 2024; 2024 is 91% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €103,772
Fixed assets €90,000
Current assets €13,772
Equity and liabilities €103,772
Equity €16,781 ▲ 5.2%
Debt €86,991 ▲ 1,001%
Debt's share of the balance-sheet total rises from 33.1% to 83.8%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€13,087
Cash flow
€12,362
Debt to equity
5.18▲
2023 · 0.50
ROE
4.9%▼
2023 · 81.2%
Interest coverage
45.50
Debt ≤ 1 year
€13,782▲
2023 · €7,900
Debt > 1 year
€73,209
Income taxes
€437▼
2023 · €5,031
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€23,854€103,772▲
Fixed assets21/28-€90,000
Tangible fixed assets22/27-€90,000
Land and buildings22-€90,000
Current assets29/58€23,854€13,772▼
Amounts receivable within one year40/41€28€7,260▲
Trade receivables40€28€7,260▲
Cash at bank and in hand54/58€23,485€6,146▼
Deferred charges and accrued income490/1€341€365▲
Equity and liabilities
Total equity and liabilities10/49€23,854€103,772▲
Equity10/15€15,954€16,781▲
Contributions10/11€3,000€3,000=
Reserves13€12,950€13,770▲
Distributable reserves133€12,950€13,770▲
Profit (loss) carried forward14€4€11▲
Amounts payable17/49€7,900€86,991▲
Amounts payable after more than one year17-€73,209
Financial debts170/4-€73,209
Amounts payable within one year42/48€7,900€13,782▲
Current portion of amounts payable after more than one year42-€6,791
Trade debts44€1,600€1,199▼
Suppliers440/4€1,600€1,199▼
Taxes, remuneration and social security45€6,300€5,792▼
Taxes450/3€6,300€5,792▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€11,535
Other operating charges640/8€434€2,026▲
Gross operating margin9900€18,441€15,113▼
Operating profit (loss)9901€18,006€1,552▼
Financial charges65/66B€21€288▲
Recurring financial charges65€21€288▲
Profit (loss) for the period before taxes9903€17,985€1,264▼
Income taxes67/77€5,031€437▼
Profit (loss) for the period9904€12,954€827▼
Profit (loss) for the period to be appropriated9905€12,954€827▼
Appropriation of the result
Profit (loss) to be appropriated9906€12,954€831▼
Profit (loss) brought forward from the previous period14P-€4
Transfer to equity691/2€12,950€820▼
To other reserves6921€12,950€820▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€11,535-
Other operating charges640/8€434€2,026▲ 366%
Gross operating margin9900€18,441€15,113▼ 18.0%
Operating profit (loss)9901€18,006€1,552▼ 91.4%
Financial charges65/66B€21€288▲ 1,245%
Recurring financial charges65€21€288▲ 1,245%
Profit (loss) for the period before taxes9903€17,985€1,264▼ 93.0%
Income taxes67/77€5,031€437▼ 91.3%
Profit (loss) for the period9904€12,954€827▼ 93.6%
Profit (loss) for the period to be appropriated9905€12,954€827▼ 93.6%
Line20232024Change
Assets
Total assets20/58€23,854€103,772▲ 335%
Fixed assets21/28-€90,000-
Tangible fixed assets22/27-€90,000-
Land and buildings22-€90,000-
Current assets29/58€23,854€13,772▼ 42.3%
Amounts receivable within one year40/41€28€7,260▲ 25,736%
Trade receivables40€28€7,260▲ 25,736%
Cash at bank and in hand54/58€23,485€6,146▼ 73.8%
Deferred charges and accrued income490/1€341€365▲ 7.1%
Equity and liabilities
Total equity and liabilities10/49€23,854€103,772▲ 335%
Equity10/15€15,954€16,781▲ 5.2%
Contributions10/11€3,000€3,000=
Reserves13€12,950€13,770▲ 6.3%
Distributable reserves133€12,950€13,770▲ 6.3%
Profit (loss) carried forward14€4€11▲ 201%
Amounts payable17/49€7,900€86,991▲ 1,001%
Amounts payable after more than one year17-€73,209-
Financial debts170/4-€73,209-
Amounts payable within one year42/48€7,900€13,782▲ 74.4%
Current portion of amounts payable after more than one year42-€6,791-
Trade debts44€1,600€1,199▼ 25.1%
Suppliers440/4€1,600€1,199▼ 25.1%
Taxes, remuneration and social security45€6,300€5,792▼ 8.1%
Taxes450/3€6,300€5,792▼ 8.1%
Line20232024Change
Profit (loss) for the period9904€12,954€827▼ 93.6%
+ Depreciation and write-downs630-€11,535-
Operating cash flow (approximation)€12,954€12,362▼ 4.6%
Change in cash--€17,338-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Braine-le-Comte · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
5,711 m²
Building footprint
1,022 m²
Parcel 55004D0440/00H000, Wallonia. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
IMMOFARIN
Chaussée d'Ecaussinnes 253, 7090 Braine-le-ComteMixed farming
since 20232.343.768.735
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
55004D0440/00H000 Wallonia 5,711 m² 1 · 1,022 m² -
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.

Similar companies · same sector, comparable size

Of 734 companies in sector 46820 we hold annual accounts for 388. 71 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
Founded28-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46820Wholesale trade
01500Mixed farming
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail farin.metal@outlook.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0798939213
Also 9925:BE0798939213
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.