IMMOGAM
ActiveIMMOGAM has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.30M and a net result of €28k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 65% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▲+4
Solvency76▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95k at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.79 in 2023; short-term debt: 12.7% and cash: 6.6% of total assets), and 49.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
50.8%
Return on assets
1.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
21 d early
2022
13 d early
2021
18 d early
2020
5 d late
2019
62 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.30M▲ 2.2%
2023 · €1.27M
2018: €1.20M
2019: €1.20M
2020: €1.21M
2021: €1.24M
2022: €1.26M
2023: €1.27M
2018 → 2024
Total assets
€2.56M▼ 1.0%
2023 · €2.59M
2018: €2.91M
2019: €2.83M
2020: €2.76M
2021: €2.71M
2022: €2.65M
2023: €2.59M
2018 → 2024
Net result
€28k▲ 109%
2023 · €14k
2018: €28k
2019: €-258
2020: €7k
2021: €30k
2022: €25k
2023: €14k
2018 → 2024
Working capital
€-150k▼ 341%
2023 · €-34k
2018: €11k
2019: €7k
2020: €3k
2021: €25k
2022: €-37k
2023: €-34k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.21M-€1.24M▲ 2.5%€1.26M▲ 2.0%€1.27M▲ 1.1%€1.30M▲ 2.2%
Operating result€58k-€71k▲ 23.0%€63k▼ 12.0%€47k▼ 24.7%€69k▲ 47.5%
Net result€7k-€30k▲ 339%€25k▼ 17.4%€14k▼ 45.5%€28k▲ 109%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 47% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.56M
Fixed assets
€2.39M▼ 2.9%
Current assets
€175k▲ 37.7%
Equity and liabilities €2.56M
Equity
€1.30M▲ 2.2%
Provisions
€230k▼ 4.1%
Debt
€1.03M▼ 4.0%
The debt ratio falls from 41.5% to 40.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€156k▲
2023 · €135k
Cash flow
€114k▲
2023 · €102k
Solvency
50.8%▲
2023 · 49.3%
Current ratio
0.54▼
2023 · 0.79
Quick ratio
0.54▼
2023 · 0.79
Debt / equity
0.79▼
2023 · 0.84
ROE
2.2%▲
2023 · 1.1%
ROA
1.1%▲
2023 · 0.5%
Interest coverage
4.76▲
2023 · 4.44
Debt
€1.03M▼
2023 · €1.07M
Debt ≤ 1 year
€325k▲
2023 · €161k
Debt > 1 year
€703k▼
2023 · €910k
Income taxes
€20k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.59M€2.56M▼
Fixed assets21/28€2.46M€2.39M▼
Tangible fixed assets22/27€2.46M€2.39M▼
Land and buildings22€2.39M€2.32M▼
Furniture and vehicles24€65k€64k▼
Current assets29/58€127k€175k▲
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€1k€1k▼
Current investments50/53€90k€0▼
Cash at bank and in hand54/58€30k€169k▲
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.59M€2.56M▼
Equity10/15€1.27M€1.30M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.21M€1.24M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€719k€689k▼
Distributable reserves133€487k€545k▲
Provisions and deferred taxes16€240k€230k▼
Deferred taxes168€240k€230k▼
Amounts payable17/49€1.07M€1.03M▼
Amounts payable after more than one year17€910k€703k▼
Financial debts170/4€910k€700k▼
Other amounts payable178/9-€3k
Amounts payable within one year42/48€161k€325k▲
Current portion of amounts payable after more than one year42€70k€70k=
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€1k€0▼
Taxes450/3€1k€0▼
Other amounts payable47/48€86k€254k▲
Accrued charges and deferred income492/3€1k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€86k▼
Other operating charges640/8€10k€11k▲
Gross operating margin9900€146k€166k▲
Operating profit (loss)9901€47k€69k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€30k€33k▲
Recurring financial charges65€30k€33k▲
Profit (loss) for the period before taxes9903€19k€39k▲
Transfer from deferred taxes780€10k€10k=
Income taxes67/77€15k€20k▲
Profit (loss) for the period9904€14k€28k▲
Transfer from tax-exempt reserves789€30k€30k=
Profit (loss) for the period to be appropriated9905€43k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€58k▲
Transfer to equity691/2€43k€58k▲
To other reserves6921€43k€58k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €30k ▲339%
Net result €30k, the highest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Weakest financial yearnet €-258 ▼101%
Net result drops to €-258, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Gent · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heiebreestraat 979031 GentGround area
1,004 m²
Building footprint
189 m²
Volume, LiDAR
1,118 m³
Parcel 44017A0703/00M002, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMOGAM NV
since 19912.054.725.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017A0703/00M002 | Flanders | 1,004 m² | 1 · 189 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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IMMO ELMECH
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RESIDENTIE DE VLAMME
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,665 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-09-1991
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.