IMMOGER
ActiveSummary
IMMOGER has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,303 and a net result of €24,157. Equity is growing by ~37.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+30
Solvency27▲+27
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% 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
2.1%
Return on assets
38.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 273 sector peers (2025).
NBB · sector comparisonPosition among 273 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
57 d late
2023
23 d late
2022
31 d late
2021
31 d late
2020
61 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 51 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€50,567▲ 62.1%
2022 · €31,195
EBIT margin
6.5%▲ 18.0pp
2022 · -11.5%
Net result
€24,157▲ 7,087%
2024 · €336
Working capital
€14,503
2024 · -€741
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, 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
Line20212022202320242025
Turnover€82,266€31,195▼ 62.1%€50,567▲ 62.1%
Operating result€46,080-€3,602€3,282€494▼ 84.9%€25,637▲ 5,089%
Net result€45,323above the sector's middle half-€3,896below the sector's middle half€2,964within the sector's middle half€336within the sector's middle half▼ 88.7%€24,157within the sector's middle half▲ 7,087%
EBIT margin56.0%-11.5%▼ 67.6pp6.5%▲ 18.0pp
Equity-€22,258below the sector's middle half▲ 67.1%-€26,154below the sector's middle half▼ 17.5%-€23,190below the sector's middle half▲ 11.3%-€22,854below the sector's middle half▲ 1.4%€1,303below the sector's middle half
Total assets€40,787below the sector's middle half▲ 17.5%€34,662below the sector's middle half▼ 15.0%€39,760below the sector's middle half▲ 14.7%€44,148below the sector's middle half▲ 11.0%€62,971below the sector's middle half▲ 42.6%
Debt€63,045▼ 38.4%€60,816▼ 3.5%€62,950▲ 3.5%€67,002▲ 6.4%€61,667▼ 8.0%
Working capital-€8,234below the sector's middle half▼ 3.0%-€3,730below the sector's middle half▲ 54.7%€4,499within the sector's middle half-€741within the sector's middle half€14,503within the sector's middle half
Solvency-54.6%below the sector's middle half▲ 140.1pp-75.5%below the sector's middle half▼ 20.9pp-58.3%below the sector's middle half▲ 17.1pp-51.8%below the sector's middle half▲ 6.6pp2.1%below the sector's middle half▲ 53.8pp
Current ratio0.71below the sector's middle half▲ 0.010.85below the sector's middle half▲ 0.141.16within the sector's middle half▲ 0.300.98below the sector's middle half▼ 0.181.52within the sector's middle half▲ 0.54
Return on assets (ROA)111.1%above the sector's middle half▲ 127.9pp-11.2%below the sector's middle half▼ 122.4pp7.5%within the sector's middle half▲ 18.7pp0.8%within the sector's middle half▼ 6.7pp38.4%above the sector's middle half▲ 37.6pp
above
within
below
the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
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 recovers in 2025; 2025 is 5,089% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62,971
Fixed assets
€20,639 ▲ 76.0%
Current assets
€42,332 ▲ 30.6%
Equity and liabilities €62,971
Equity
€1,303
Debt
€61,667
Debt finances 97.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€30,263▲
2024 · €3,203
Cash flow
€28,782▲
2024 · €3,045
Quick ratio
1.27▲
2024 · 0.59
Debt to equity
47.32▲
2024 · -2.93
Interest coverage
20.44▲
2024 · 20.28
Debt ≤ 1 year
€27,829▼
2024 · €33,163
Debt > 1 year
€33,839=
2024 · €33,839
A ratio outside any meaningful range has been withheld (balance sheet total €62,971, equity €1,303).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 931 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €82,266 | €31,195 | €50,567 | - | - | - |
| Non-recurring operating income76A | €5,000 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €52,788 | €42,495 | €57,010 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,031 | €6,990 | €6,990 | €2,709 | €4,626 | ▲ 70.8% |
| Other operating charges640/8 | €408 | €744 | €454 | €382 | €132 | ▼ 65.5% |
| Non-recurring operating charges66A | - | €84 | €100 | - | - | - |
| Gross operating margin9900 | €51,518 | €4,216 | €10,826 | €3,584 | €30,394 | ▲ 748% |
| Operating profit (loss)9901 | €46,080 | -€3,602 | €3,282 | €494 | €25,637 | ▲ 5,089% |
| Financial charges65/66B | €756 | €293 | €199 | €158 | €1,480 | ▲ 837% |
| Recurring financial charges65 | €756 | €293 | €199 | €158 | €1,480 | ▲ 837% |
| Profit (loss) for the period before taxes9903 | €45,323 | -€3,896 | €3,084 | €336 | €24,157 | ▲ 7,087% |
| Income taxes67/77 | - | - | €120 | - | - | - |
| Profit (loss) for the period9904 | €45,323 | -€3,896 | €2,964 | €336 | €24,157 | ▲ 7,087% |
| Profit (loss) for the period to be appropriated9905 | €45,323 | -€3,896 | €2,964 | €336 | €24,157 | ▲ 7,087% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,787 | €34,662 | €39,760 | €44,148 | €62,971 | ▲ 42.6% |
| Fixed assets21/28 | €20,365 | €13,375 | €6,385 | €11,726 | €20,639 | ▲ 76.0% |
| Intangible fixed assets21 | €800 | €400 | - | - | - | - |
| Tangible fixed assets22/27 | €19,065 | €12,475 | €5,885 | €11,226 | €20,139 | ▲ 79.4% |
| Plant, machinery and equipment23 | €7,618 | €3,809 | - | €7,302 | €18,177 | ▲ 149% |
| Furniture and vehicles24 | €11,307 | €8,596 | €5,885 | €3,923 | €1,962 | ▼ 50.0% |
| Other tangible fixed assets26 | €140 | €70 | - | - | - | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €20,422 | €21,287 | €33,376 | €32,423 | €42,332 | ▲ 30.6% |
| Stocks and contracts in progress3 | €9,200 | €12,200 | €9,200 | €12,800 | €7,100 | ▼ 44.5% |
| Stocks30/36 | €9,200 | €12,200 | €9,200 | €12,800 | €7,100 | ▼ 44.5% |
| Amounts receivable within one year40/41 | €9,792 | €8,448 | €6,553 | €7,596 | €6,166 | ▼ 18.8% |
| Trade receivables40 | €8,403 | €8,083 | €6,553 | €7,596 | €6,166 | ▼ 18.8% |
| Other amounts receivable41 | €1,390 | €365 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,430 | €315 | €12,510 | €9,998 | €27,866 | ▲ 179% |
| Deferred charges and accrued income490/1 | - | €324 | €5,113 | €2,028 | €1,200 | ▼ 40.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,787 | €34,662 | €39,760 | €44,148 | €62,971 | ▲ 42.6% |
| Equity10/15 | -€22,258 | -€26,154 | -€23,190 | -€22,854 | €1,303 | ▲ 106% |
| Contributions10/11 | €62,693 | €62,693 | €62,693 | €62,693 | €62,693 | = |
| Capital10 | €62,693 | €62,693 | €62,693 | €62,693 | €62,693 | = |
| Issued capital100 | €62,693 | €62,693 | €62,693 | €62,693 | €62,693 | = |
| Profit (loss) carried forward14 | -€84,951 | -€88,847 | -€85,883 | -€85,547 | -€61,390 | ▲ 28.2% |
| Amounts payable17/49 | €63,045 | €60,816 | €62,950 | €67,002 | €61,667 | ▼ 8.0% |
| Amounts payable after more than one year17 | €33,689 | €33,689 | €33,689 | €33,839 | €33,839 | = |
| Financial debts170/4 | €32,389 | €32,389 | €32,389 | €32,389 | €32,389 | = |
| Other amounts payable178/9 | €1,300 | €1,300 | €1,300 | €1,450 | €1,450 | = |
| Amounts payable within one year42/48 | €28,657 | €25,017 | €28,877 | €33,163 | €27,829 | ▼ 16.1% |
| Current portion of amounts payable after more than one year42 | €6,085 | - | - | - | - | - |
| Trade debts44 | €5,475 | €4,613 | €3,142 | €4,210 | €5,590 | ▲ 32.8% |
| Suppliers440/4 | €5,475 | €4,613 | €3,142 | €4,210 | €5,590 | ▲ 32.8% |
| Advances received on contracts in progress46 | €500 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €3,594 | €2,168 | €6,893 | ▲ 218% |
| Taxes450/3 | - | - | €3,594 | €2,168 | €6,893 | ▲ 218% |
| Other amounts payable47/48 | €16,596 | €20,404 | €22,141 | €26,786 | €15,346 | ▼ 42.7% |
| Accrued charges and deferred income492/3 | €700 | €2,110 | €385 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,323 | -€3,896 | €2,964 | €336 | €24,157 | ▲ 7,087% |
| + Depreciation and write-downs630 | €5,031 | €6,990 | €6,990 | €2,709 | €4,626 | ▲ 70.8% |
| Operating cash flow (approximation) | €50,354 | €3,094 | €9,954 | €3,045 | €28,782 | ▲ 845% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,050 | -€13,539 | ▼ 68.2% |
| Change in cash | - | -€1,116 | €12,195 | -€2,512 | €17,868 | ▲ 811% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €2,964
Net result €2,964 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €45,323
Net result €45,323 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€5,812
Net result drops to -€5,812, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
12-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Lambrechts-Woluwe · 1 establishment unit since 1990
Ground area
692 m²
Building footprint
476 m²
Volume, LiDAR
9,814 m³
Parcel 21673D0155/00G004, Brussels · tallest building 25.4 m, ±7 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Vergoteplein 25, 1200 Sint-Lambrechts-Woluwe
since 19902.050.657.994
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0155/00G004 | Brussels | 692 m² | 1 · 476 m² | 25.4 m · 7 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 100 companies in sector 23120 we hold annual accounts for 54. 3 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
23120Manufacture of other non-metallic mineral products
23130Manufacture of other non-metallic mineral products
23150Manufacture of other non-metallic mineral products
46423Wholesale of clothing, excluding workwear and underwear
46450Wholesale of perfume and cosmetics
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442502023
Also
9925:BE0442502023
Registered
17-01-2026
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.