IMMOJECO
ActiveSummary
IMMOJECO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €1.9m. Equity is growing by ~5.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency100▲+8
Growth53▲+13
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260,000 at 30 days acceptable
short-term debt: 0.9% and cash: 1.9% of total assets, and 18.8% of the assets are financed with debt.
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Signals
Six 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
81.2%
Return on assets
48.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
1 d early
2023
71 d early
2022
52 d early
2021
5 d early
2020
75 d early
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 26 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?TERRA FECUNDA · 37 companies How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€456,087▼ 8.7%
2018 · €499,688
EBIT margin
20.4%▼ 14.3pp
2018 · 34.7%
Net result
€1.9m▲ 407%
2024 · €379,771
Working capital
€3.8m▲ 182%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€128,319▲ 1,294%€147,127▲ 14.7%-€4,574€461,137€2.5m▲ 436%
Net result€84,564€108,545▲ 28.4%-€11,854€379,771€1.9m▲ 407%
EBIT margin
Equity€816,508▲ 1.8%€925,053▲ 13.3%€913,198▼ 1.3%€1.3m▲ 41.6%€3.2m▲ 149%
Total assets€1.7m▼ 11.3%€1.6m▼ 4.3%€1.6m▼ 4.4%€1.9m▲ 23.7%€4.0m▲ 106%
Debt€888,280▼ 20.7%€706,654▼ 20.4%€646,945▼ 8.4%€536,961▼ 17.0%€39,144▼ 92.7%
Working capital€847,353▼ 2.7%€923,423▲ 9.0%€828,697▼ 10.3%€1.3m▲ 61.9%€3.8m▲ 182%
Staff (FTE)00
Why a figure moved sharply
- 2025 Net result +407% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 436% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€144,172 ▼ 69.0%
Current assets
€3.8m ▲ 161%
Equity and liabilities €4.0m
Equity
€3.2m ▲ 149%
Provisions
€706,690 ▲ 612%
Debt
€39,144 ▼ 92.7%
Debt's share of the balance-sheet total falls from 27.8% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.5m▲
2024 · €527,425
Cash flow
€2.0m▲
2024 · €446,059
Debt to equity
0.01▼
2024 · 0.42
ROE
59.8%▲
2024 · 29.4%
ROA
48.6%▲
2024 · 19.7%
Interest coverage
120.43▲
2024 · 57.96
Debt ≤ 1 year
€34,034▼
2024 · €122,774
Debt > 1 year
€0▼
2024 · €409,194
Income taxes
€34,709▲
2024 · €24,082
A ratio outside any meaningful range has been withheld (balance sheet total €4.0m, equity €3.2m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 20,134 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €396,764 | €2.5m | ▲ 518% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,157 | €57,725 | €57,307 | €66,288 | €39,042 | ▼ 41.1% |
| Other operating charges640/8 | €15,927 | €18,717 | €19,323 | €20,421 | €17,647 | ▼ 13.6% |
| Non-recurring operating charges66A | €50 | - | - | - | €12,000 | - |
| Gross operating margin9900 | €203,453 | €223,569 | €72,057 | €547,846 | €2.5m | ▲ 363% |
| Operating profit (loss)9901 | €128,319 | €147,127 | -€4,574 | €461,137 | €2.5m | ▲ 436% |
| Financial income75/76B | €50 | - | - | €51,007 | €120,227 | ▲ 136% |
| Recurring financial income75 | €50 | - | - | €51,007 | €120,227 | ▲ 136% |
| Financial charges65/66B | €12,480 | €8,583 | €7,281 | €9,100 | €20,830 | ▲ 129% |
| Recurring financial charges65 | €12,480 | €8,583 | €7,281 | €9,100 | €20,830 | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €115,889 | €138,544 | -€11,854 | €503,044 | €2.6m | ▲ 411% |
| Transfer to deferred taxes680 | - | - | - | €99,191 | €607,499 | ▲ 512% |
| Income taxes67/77 | €31,326 | €29,999 | - | €24,082 | €34,709 | ▲ 44.1% |
| Profit (loss) for the period9904 | €84,564 | €108,545 | -€11,854 | €379,771 | €1.9m | ▲ 407% |
| Transfer to tax-exempt reserves689 | - | - | - | €297,573 | €1.8m | ▲ 512% |
| Profit (loss) for the period to be appropriated9905 | €84,564 | €108,545 | -€11,854 | €82,198 | €104,123 | ▲ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.6m | €1.9m | €4.0m | ▲ 106% |
| Fixed assets21/28 | €650,797 | €593,072 | €585,652 | €464,365 | €144,172 | ▼ 69.0% |
| Tangible fixed assets22/27 | €650,797 | €593,072 | €585,652 | €464,365 | €144,172 | ▼ 69.0% |
| Land and buildings22 | €650,797 | €593,072 | €585,652 | €464,365 | €144,172 | ▼ 69.0% |
| Current assets29/58 | €1.1m | €1.0m | €974,491 | €1.5m | €3.8m | ▲ 161% |
| Amounts receivable within one year40/41 | €966,506 | €916,981 | €942,199 | €1.4m | €3.7m | ▲ 166% |
| Trade receivables40 | - | - | - | - | €1,781 | - |
| Other amounts receivable41 | €966,506 | €916,981 | €942,199 | €1.4m | €3.7m | ▲ 166% |
| Cash at bank and in hand54/58 | €62,596 | €112,679 | €21,440 | €52,380 | €76,571 | ▲ 46.2% |
| Deferred charges and accrued income490/1 | €24,889 | €8,974 | €10,851 | €13,243 | €16,229 | ▲ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.6m | €1.9m | €4.0m | ▲ 106% |
| Equity10/15 | €816,508 | €925,053 | €913,198 | €1.3m | €3.2m | ▲ 149% |
| Contributions10/11 | €377,046 | €377,046 | €377,046 | €377,046 | €377,046 | = |
| Capital10 | €377,046 | €377,046 | €377,046 | €377,046 | €377,046 | = |
| Issued capital100 | €377,046 | €377,046 | €377,046 | €377,046 | €377,046 | = |
| Reserves13 | €415,913 | €415,913 | €415,913 | €713,486 | €2.5m | ▲ 255% |
| Non-distributable reserves130/1 | €96,322 | €96,322 | €96,322 | €96,322 | €96,322 | = |
| Legal reserve130 | €96,322 | €96,322 | €96,322 | €96,322 | €96,322 | = |
| Tax-exempt reserves132 | - | - | - | €297,573 | €2.1m | ▲ 612% |
| Distributable reserves133 | €319,592 | €319,592 | €319,592 | €319,592 | €319,592 | = |
| Profit (loss) carried forward14 | €23,549 | €132,093 | €120,239 | €202,437 | €306,560 | ▲ 51.4% |
| Provisions and deferred taxes16 | - | - | - | €99,191 | €706,690 | ▲ 612% |
| Deferred taxes168 | - | - | - | €99,191 | €706,690 | ▲ 612% |
| Amounts payable17/49 | €888,280 | €706,654 | €646,945 | €536,961 | €39,144 | ▼ 92.7% |
| Amounts payable after more than one year17 | €681,642 | €591,443 | €499,596 | €409,194 | €0 | ▼ 100% |
| Financial debts170/4 | €681,642 | €591,443 | €499,596 | €409,194 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €206,638 | €115,211 | €145,794 | €122,774 | €34,034 | ▼ 72.3% |
| Current portion of amounts payable after more than one year42 | €97,180 | €89,795 | €95,185 | €88,834 | €0 | ▼ 100% |
| Trade debts44 | €5,024 | €1,331 | €15,940 | €12,871 | €17,705 | ▲ 37.6% |
| Suppliers440/4 | €5,024 | €1,331 | €15,940 | €12,871 | €17,705 | ▲ 37.6% |
| Taxes, remuneration and social security45 | €26,507 | €20,517 | €4,999 | €0 | €9,709 | - |
| Taxes450/3 | €13,207 | €11,325 | €4,999 | €0 | €9,709 | - |
| Remuneration and social security454/9 | €13,300 | €9,193 | - | - | - | - |
| Other amounts payable47/48 | €77,926 | €3,568 | €29,670 | €21,070 | €6,620 | ▼ 68.6% |
| Accrued charges and deferred income492/3 | - | - | €1,555 | €4,992 | €5,110 | ▲ 2.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84,564 | €108,545 | -€11,854 | €379,771 | €1.9m | ▲ 407% |
| + Depreciation and write-downs630 | €59,157 | €57,725 | €57,307 | €66,288 | €39,042 | ▼ 41.1% |
| Operating cash flow (approximation) | €143,720 | €166,270 | €45,453 | €446,059 | €2.0m | ▲ 341% |
| Investment in fixed assets (approximation) | - | €0 | -€49,887 | €54,999 | €281,152 | ▲ 411% |
| Change in cash | - | €50,084 | -€91,239 | €30,940 | €24,191 | ▼ 21.8% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
09-06
State Gazette act
Permanent representatives: Paul Dreezen, Jeroen Trumpener and Frank Tans6 facts ▸
State Gazette act
Permanent representatives: Paul Dreezen, Jeroen Trumpener and Frank Tans
6 facts ▸
- General meeting, 21-11-2025
- Permanent representative, Paul Dreezen (vaste vertegenwoordiger commissaris)
- Permanent representative, Jeroen Trumpener (vaste vertegenwoordiger commissaris)
- Other statement, commissaris, commissaris
- Director in office, BRUVACO NV (director)
- Permanent representative, Frank Tans (permanent representative)
2025
31-12
Financial
Highest result since 2018net €1.9m ▲407%
Operating result €2.5m, net result €1.9m, both a record.
31-12
Financial
Liquidity times 9current ratio 112.28
Current ratio from 11.93 to 112.28; short-term debt falls from €122,774 to €34,034.
31-12
Financial
Equity above €2mEq €3.2m ▲149%
2 profitable years in a row build equity to €3.2m.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €379,771
Net result €379,771 after one loss-making year.
31-12
Financial
Equity above €1mEq €1.3m ▲41.6%
Equity rises from €913,198 to €1.3m.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€11,854
Net result drops to -€11,854, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
31-12
Financial
Back to profitnet €84,564
Net result €84,564 after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 1992
Ground area
4,826 m²
Building footprint
984 m²
Volume, LiDAR
8,141 m³
2 parcels, Brussels, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
74
companies at this address
See who is registered here
1 establishment unit
Heistraat 45, 2430 Laakdal
since 19922.058.081.860
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0002/00P007 | Brussels | 2,864 m² | 1 · 722 m² | 15.3 m · 3 fl. |
| 13045C0357/00G002 | Flanders | 1,962 m² | 1 · 262 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
TERRA FECUNDA
37 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- TERRA FECUNDA
- BRUVACO
- PHENIX
- IMMOJECO
Highest known parent: TERRA FECUNDA. The sources do not say who stands above it.
Owners 1
- PHENIXparentSourceaccounts PHENIX 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded16-03-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446947690
Registered
13-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.