IMMOFER
ActiveSummary
IMMOFER has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.34M and a net result of €41k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 1208 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-8
Solvency86=
Growth52▼-26
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 short (current ratio 0.6 against 0.37 in 2024; short-term debt: 36.2% and cash: 3.7% of total assets), and 39.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
60.8%
Return on assets
1.8%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
21 d early
2023
22 d early
2022
90 d early
2021
44 d early
2020
11 d early
2019
3 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
€1.34M▲ 3.1%
2024 · €1.30M
2018: €923klowest in 8 years
2019: €948k▲ +2.6% vs 2018
2020: €1.01M▲ +7.0% vs 2019
2021: €1.10M▲ +8.7% vs 2020
2022: €1.17M▲ +6.5% vs 2021
2023: €1.21M▲ +3.3% vs 2022
2024: €1.30M▲ +7.4% vs 2023
2025: €1.34M▲ +3.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€2.21M▲ 3.8%
2024 · €2.13M
2018: €2.06M
2019: €2.08M▲ +1.2% vs 2018
2020: €1.98M▼ -5.1% vs 2019lowest in 8 years
2021: €2.03M▲ +2.5% vs 2020
2022: €2.01M▼ -0.7% vs 2021
2023: €2.05M▲ +1.8% vs 2022
2024: €2.13M▲ +3.8% vs 2023
2025: €2.21M▲ +3.8% vs 2024highest in 8 years
2018 → 2025
Net result
€41k▼ 54.3%
2024 · €89k
2018: €43k
2019: €24k▼ -43.4% vs 2018lowest in 8 years
2020: €66k▲ +172% vs 2019
2021: €88k▲ +32.6% vs 2020
2022: €72k▼ -17.9% vs 2021
2023: €138k▲ +91.8% vs 2022highest in 8 years
2024: €89k▼ -35.4% vs 2023
2025: €41k▼ -54.3% vs 2024
2018 → 2025
Working capital
€-321k▲ 32.4%
2024 · €-475k
2018: €-333k
2019: €-426k▼ -28.2% vs 2018
2020: €-324k▲ +23.9% vs 2019
2021: €-291k▲ +10.3% vs 2020highest in 8 years
2022: €-651k▼ -124% vs 2021lowest in 8 years
2023: €-573k▲ +12.0% vs 2022
2024: €-475k▲ +17.1% vs 2023
2025: €-321k▲ +32.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.10M-€1.17M▲ 6.5%€1.21M▲ 3.3%€1.30M▲ 7.4%€1.34M▲ 3.1%
2021: €1.10Mlowest in 5 years
2022: €1.17M▲ +6.5% vs 2021
2023: €1.21M▲ +3.3% vs 2022
2024: €1.30M▲ +7.4% vs 2023
2025: €1.34M▲ +3.1% vs 2024highest in 5 years
Operating result€152k-€130k▼ 14.2%€244k▲ 87.7%€182k▼ 25.7%€118k▼ 35.1%
2021: €152k
2022: €130k▼ -14.2% vs 2021
2023: €244k▲ +87.7% vs 2022highest in 5 years
2024: €182k▼ -25.7% vs 2023
2025: €118k▼ -35.1% vs 2024lowest in 5 years
Net result€88k-€72k▼ 17.9%€138k▲ 91.8%€89k▼ 35.4%€41k▼ 54.3%
2021: €88k
2022: €72k▼ -17.9% vs 2021
2023: €138k▲ +91.8% vs 2022highest in 5 years
2024: €89k▼ -35.4% vs 2023
2025: €41k▼ -54.3% vs 2024lowest in 5 years
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 has fallen two years in a row; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.21M
Fixed assets
€1.73M ▼ 6.5%
Current assets
€479k ▲ 71.6%
Equity and liabilities €2.21M
Equity
€1.34M ▲ 3.1%
Debt
€866k ▲ 4.8%
Debt's share of the balance-sheet total rises from 38.9% to 39.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€243k▼
2024 · €300k
Cash flow
€166k▼
2024 · €208k
Current ratio
0.60▲
2024 · 0.37
Debt to equity
0.65▲
2024 · 0.64
ROE
3.0%▼
2024 · 6.9%
ROA
1.8%▼
2024 · 4.2%
Interest coverage
4.58▼
2024 · 5.13
Debt ≤ 1 year
€800k▲
2024 · €754k
Debt > 1 year
€14k▼
2024 · €15k
Income taxes
€25k▼
2024 · €34k
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 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.13M€2.21M▲
Fixed assets21/28€1.85M€1.73M▼
Tangible fixed assets22/27€1.85M€1.73M▼
Land and buildings22€1.57M€1.48M▼
Plant, machinery and equipment23€22k€20k▼
Furniture and vehicles24€23k€16k▼
Leasing and similar rights25€232k€209k▼
Current assets29/58€279k€479k▲
Amounts receivable within one year40/41€184k€147k▼
Trade receivables40€150k€119k▼
Other amounts receivable41€34k€28k▼
Current investments50/53-€250k
Cash at bank and in hand54/58€91k€82k▼
Deferred charges and accrued income490/1€4k€172▼
Equity and liabilities
Total equity and liabilities10/49€2.13M€2.21M▲
Equity10/15€1.30M€1.34M▲
Contributions10/11€639k€639k=
Capital10€639k€639k=
Issued capital100€639k€639k=
Reserves13€356k€396k▲
Non-distributable reserves130/1€64k€64k=
Legal reserve130€64k€64k=
Distributable reserves133€292k€332k▲
Profit (loss) carried forward14€306k€307k▲
Amounts payable17/49€827k€866k▲
Amounts payable after more than one year17€15k€14k▼
Other amounts payable178/9€15k€14k▼
Amounts payable within one year42/48€754k€800k▲
Trade debts44€7k€14k▲
Suppliers440/4€7k€14k▲
Taxes, remuneration and social security45€30k€29k▼
Taxes450/3€30k€29k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€717k€757k▲
Accrued charges and deferred income492/3€58k€53k▼
Income statement
Code20242025
Non-recurring operating income76A€8k-
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€125k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-6k-
Other operating charges640/8€106k€102k▼
Non-recurring operating charges66A€6k-
Gross operating margin9900€406k€345k▼
Operating profit (loss)9901€182k€118k▼
Financial income75/76B€6€957▲
Recurring financial income75€6€957▲
Financial charges65/66B€59k€53k▼
Recurring financial charges65€59k€53k▼
Profit (loss) for the period before taxes9903€123k€66k▼
Income taxes67/77€34k€25k▼
Profit (loss) for the period9904€89k€41k▼
Profit (loss) for the period to be appropriated9905€89k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€306k€347k▲
Profit (loss) brought forward from the previous period14P€217k€306k▲
Transfer from equity791/2€0-
Transfer to equity691/2€0€40k▲
To other reserves6921€0€40k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (4 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 | €0 | - | €19k | €8k | - | - |
| Remuneration, social security and pensions62 | €23k | €27k | €17k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €119k | €124k | €113k | €119k | €125k | ▲ 5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | €-10k | €-17k | €-6k | - | - |
| Other operating charges640/8 | €83k | €104k | €95k | €106k | €102k | ▼ 3.8% |
| Non-recurring operating charges66A | - | - | - | €6k | - | - |
| Gross operating margin9900 | €377k | €375k | €451k | €406k | €345k | ▼ 15.1% |
| Operating profit (loss)9901 | €152k | €130k | €244k | €182k | €118k | ▼ 35.1% |
| Financial income75/76B | €0 | - | €159 | €6 | €957 | ▲ 15,308% |
| Recurring financial income75 | €0 | - | €159 | €6 | €957 | ▲ 15,308% |
| Financial charges65/66B | €33k | €32k | €40k | €59k | €53k | ▼ 9.4% |
| Recurring financial charges65 | €33k | €32k | €40k | €59k | €53k | ▼ 9.4% |
| Profit (loss) for the period before taxes9903 | €119k | €98k | €205k | €123k | €66k | ▼ 46.5% |
| Income taxes67/77 | €31k | €26k | €66k | €34k | €25k | ▼ 25.9% |
| Profit (loss) for the period9904 | €88k | €72k | €138k | €89k | €41k | ▼ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €88k | €72k | €138k | €89k | €41k | ▼ 54.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.03M | €2.01M | €2.05M | €2.13M | €2.21M | ▲ 3.8% |
| Fixed assets21/28 | €1.88M | €1.89M | €1.84M | €1.85M | €1.73M | ▼ 6.5% |
| Tangible fixed assets22/27 | €1.88M | €1.89M | €1.84M | €1.85M | €1.73M | ▼ 6.5% |
| Land and buildings22 | €1.52M | €1.56M | €1.54M | €1.57M | €1.48M | ▼ 5.5% |
| Plant, machinery and equipment23 | €48k | €39k | €30k | €22k | €20k | ▼ 8.9% |
| Furniture and vehicles24 | €18k | €14k | €18k | €23k | €16k | ▼ 32.2% |
| Leasing and similar rights25 | €297k | €274k | €256k | €232k | €209k | ▼ 10.0% |
| Current assets29/58 | €145k | €128k | €207k | €279k | €479k | ▲ 71.6% |
| Amounts receivable within one year40/41 | €114k | €116k | €125k | €184k | €147k | ▼ 20.3% |
| Trade receivables40 | €114k | €116k | €125k | €150k | €119k | ▼ 20.6% |
| Other amounts receivable41 | - | - | - | €34k | €28k | ▼ 18.8% |
| Current investments50/53 | - | - | - | - | €250k | - |
| Cash at bank and in hand54/58 | €30k | €12k | €78k | €91k | €82k | ▼ 10.4% |
| Deferred charges and accrued income490/1 | €658 | €0 | €3k | €4k | €172 | ▼ 95.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.03M | €2.01M | €2.05M | €2.13M | €2.21M | ▲ 3.8% |
| Equity10/15 | €1.10M | €1.17M | €1.21M | €1.30M | €1.34M | ▲ 3.1% |
| Contributions10/11 | €639k | €639k | €639k | €639k | €639k | = |
| Capital10 | €639k | €639k | €639k | €639k | €639k | = |
| Issued capital100 | €639k | €639k | €639k | €639k | €639k | = |
| Reserves13 | €318k | €318k | €356k | €356k | €396k | ▲ 11.2% |
| Non-distributable reserves130/1 | €64k | €64k | €64k | €64k | €64k | = |
| Legal reserve130 | €64k | €64k | €64k | €64k | €64k | = |
| Distributable reserves133 | €254k | €254k | €292k | €292k | €332k | ▲ 13.7% |
| Profit (loss) carried forward14 | €145k | €217k | €217k | €306k | €307k | ▲ 0.3% |
| Amounts payable17/49 | €926k | €840k | €838k | €827k | €866k | ▲ 4.8% |
| Amounts payable after more than one year17 | €460k | €33k | €19k | €15k | €14k | ▼ 11.0% |
| Financial debts170/4 | €15k | €0 | - | - | - | - |
| Other amounts payable178/9 | €445k | €33k | €19k | €15k | €14k | ▼ 11.0% |
| Amounts payable within one year42/48 | €436k | €779k | €779k | €754k | €800k | ▲ 6.1% |
| Current portion of amounts payable after more than one year42 | €63k | €15k | €0 | - | - | - |
| Trade debts44 | €24k | €29k | €24k | €7k | €14k | ▲ 93.1% |
| Suppliers440/4 | €24k | €29k | €24k | €7k | €14k | ▲ 93.1% |
| Advances received on contracts in progress46 | €0 | €790 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €60k | €36k | €66k | €30k | €29k | ▼ 1.8% |
| Taxes450/3 | €56k | €33k | €64k | €30k | €29k | ▼ 1.8% |
| Remuneration and social security454/9 | €3k | €4k | €1k | €0 | - | - |
| Other amounts payable47/48 | €289k | €697k | €690k | €717k | €757k | ▲ 5.6% |
| Accrued charges and deferred income492/3 | €30k | €28k | €39k | €58k | €53k | ▼ 8.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €88k | €72k | €138k | €89k | €41k | ▼ 54.3% |
| + Depreciation and write-downs630 | €119k | €124k | €113k | €119k | €125k | ▲ 5.6% |
| Operating cash flow (approximation) | €207k | €196k | €251k | €208k | €166k | ▼ 20.1% |
| Investment in fixed assets (approximation) | - | €-128k | €-70k | €-124k | €-6k | ▲ 95.2% |
| Change in cash | - | €-18k | €66k | €13k | €-9k | ▼ 172% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €138k ▲91.8%
Operating result €244k, net result €138k, both a record.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1MEq €1.01M ▲7%
3 profitable years in a row build equity to €1.01M.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €24k ▼43.4%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Mouscron · 1 establishment unit since 1993
Ground area
4,181 m²
Building footprint
253 m²
Volume, LiDAR
1,013 m³
Parcel 54003T0320/00D000, Wallonia · tallest building 10.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IMMOFER SA
since 19932.060.822.606
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003T0320/00D000 | Wallonia | 4,181 m² | 1 · 253 m² | 10.9 m · 1 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.
Similar companies · same sector, comparable size
P.A.Real Estate
BE 0882.548.659
Lommel · Eq €1,353,947
IZA
BE 0463.497.078
Brussel · Eq €1,354,823
House Delta
BE 0657.772.539
Lievegem · Eq €1,328,999
TWINIMMO
BE 0480.378.345
Lanaken · Eq €1,356,351
Clelse - BD Photography
BE 0466.665.218
Rumst · Eq €1,315,015
Of 1,281 companies in sector 81100 we hold annual accounts for 678. 399 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.