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IMMOJOR

Active
Private limited company (pre-2019)founded 201313 yrs activeRue du Moustier(THN) 38, 6530 Thuin, BelgiumKBO/BCE: BE 0525.990.517
Summary

The computed 12-month bankruptcy probability of IMMOJOR is 1.5% (moderate). The 2025 annual accounts show negative equity (-€126,620) and a net result of €5,089. Equity is shrinking by ~20% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2025
Axes · tick = 2023
Profitability67▲+57
Solvency0=
Growth58▲+26
Track record92
Bankruptcy probability, 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.0 in 2023; short-term debt: 120.5% and cash: 1.4% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2025
Solvency, return and age of the figures
Solvency
-67%
Return on assets
2.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 13 years 0 20 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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 filings
Deviation from the deadline
2025
49 d late
2023
52 d late
2022
63 d late
2021
290 d late
2020
655 d late
2019
1020 d late
2018
1351 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 497 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Strikeout withdrawn
Checked, nothing found (1)
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 October (4 of the last 5 filed years within 227 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline

History

IMMOJOR was incorporated on 15 April 2013.1 Total assets fell from EUR 287,612 in 2018 to EUR 188,903 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€126,620▲ 2.1%
2023 · -€129,272
Total assets
€188,903▼ 11.0%
2023 · €212,241
Net result
€5,089
2023 · -€18,471
Working capital
-€224,987▲ 3.7%
2023 · -€233,740
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232025
Operating result-€1,443▲ 72.6%-€724▲ 49.8%€7,115-€11,184€9,108-
Net result-€6,907▲ 37.4%-€33,625▼ 387%-€20,581▲ 38.8%-€18,471▲ 10.3%€5,089-
Equity-€56,596▼ 13.9%-€90,221▼ 59.4%-€110,801▼ 22.8%-€129,272▼ 16.7%-€126,620-
Total assets€265,592▼ 0.2%€241,364▼ 9.1%€230,837▼ 4.4%€212,241▼ 8.1%€188,903-
Debt€322,188▲ 2.1%€331,585▲ 2.9%€341,638▲ 3.0%€341,513=€315,523-
Working capital-€173,208▼ 1.3%-€202,472▼ 16.9%-€219,000▼ 8.2%-€233,740▼ 6.7%-€224,987-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0Operating result 2020: -€1,443-€1,443Net result 2020: -€6,907-€6,907Operating result 2021: -€724-€724Net result 2021: -€33,625-€33,625Operating result 2022: €7,115€7,115Net result 2022: -€20,581-€20,581Operating result 2023: -€11,184-€11,184Net result 2023: -€18,471-€18,471Operating result 2025: €9,108€9,108Net result 2025: €5,089€5,08920202021202220232025-€30,000-€20,000-€10,000€0€10,000Operating result 2022: €7,115€7,120Net result 2022: -€20,581-€20,600Operating result 2023: -€11,184-€11,200Net result 2023: -€18,471-€18,500Operating result 2025: €9,108€9,110Net result 2025: €5,089€5,090202220232025
The operating result is €9,108 in 2025, compared with -€11,184 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €188,903
Fixed assets €186,334 ▼ 12.1%
Current assets €2,569 ▲ 632%
Equity and liabilities
Equity-€126,620
Debt€315,523
Equity is negative: debt (€315,523) exceeds the balance-sheet total (€188,903).
Key figures and ratios
2025 value · change against 2023
EBITDA
€21,711▲
2023 · €1,770
Cash flow
€17,692▲
2023 · -€5,517
Solvency
-67.0%▼
2023 · -60.9%
Current ratio
0.01▲
2023 · 0.00
ROA
2.7%▲
2023 · -8.7%
Interest coverage
5.40▲
2023 · 0.24
Debt ≤ 1 year
€227,556▼
2023 · €234,091
Debt > 1 year
€87,967▼
2023 · €107,422
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit under 5% of the balance sheet
2.4% went bankrupt
3.2% stopped otherwise
94% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,341 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% 1.8%
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 1,379 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 · 2025 against 2023 · 33 lines
Balance sheet Code20232025
Assets
Total assets20/58€212,241€188,903▼
Fixed assets21/28€211,890€186,334▼
Tangible fixed assets22/27€211,890€186,334▼
Land and buildings22€211,890€186,334▼
Current assets29/58€351€2,569▲
Cash at bank and in hand54/58-€2,569
Deferred charges and accrued income490/1€351-
Equity and liabilities
Total equity and liabilities10/49€212,241€188,903▼
Equity10/15-€129,272-€126,620▲
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14-€147,872-€145,220▲
Amounts payable17/49€341,513€315,523▼
Amounts payable after more than one year17€107,422€87,967▼
Financial debts170/4€107,422€87,967▼
Amounts payable within one year42/48€234,091€227,556▼
Current portion of amounts payable after more than one year42€8,466€9,900▲
Financial debts43€812-
Credit institutions430/8€812-
Trade debts44€2,461€2,305▼
Suppliers440/4€2,461€2,305▼
Other amounts payable47/48€222,352€215,351▼
Income statement Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,954€12,603▼
Gross operating margin9900€1,770€21,711▲
Operating profit (loss)9901-€11,184€9,108▲
Financial income75/76B€13-
Recurring financial income75€13-
Financial charges65/66B€7,300€4,019▼
Recurring financial charges65€7,300€4,019▼
Profit (loss) for the period before taxes9903-€18,471€5,089▲
Profit (loss) for the period9904-€18,471€5,089▲
Profit (loss) for the period to be appropriated9905-€18,471€5,089▲
Appropriation of the result
Profit (loss) to be appropriated9906-€147,872-€145,220▲
Profit (loss) brought forward from the previous period14P-€129,401-€150,309▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,953€12,953€12,953€12,954€12,603-
Gross operating margin9900€11,510€12,229€20,068€1,770€21,711-
Operating profit (loss)9901-€1,443-€724€7,115-€11,184€9,108-
Financial income75/76B€27-€6€13--
Recurring financial income75€27-€6€13--
Financial charges65/66B€5,491€5,225€6,817€7,300€4,019-
Recurring financial charges65€5,491€5,225€6,817€7,300€4,019-
Profit (loss) for the period before taxes9903-€6,907-€5,949€304-€18,471€5,089-
Income taxes67/77-€27,676€20,885---
Profit (loss) for the period9904-€6,907-€33,625-€20,581-€18,471€5,089-
Profit (loss) for the period to be appropriated9905-€6,907-€33,625-€20,581-€18,471€5,089-
Line20202021202220232025Change
Assets
Total assets20/58€265,592€241,364€230,837€212,241€188,903-
Fixed assets21/28€250,750€237,797€224,844€211,890€186,334-
Tangible fixed assets22/27€250,750€237,797€224,844€211,890€186,334-
Land and buildings22€250,750€237,797€224,844€211,890€186,334-
Current assets29/58€14,842€3,567€5,993€351€2,569-
Current investments50/53--€4,980---
Cash at bank and in hand54/58€14,842€3,567€636-€2,569-
Deferred charges and accrued income490/1--€377€351--
Equity and liabilities
Total equity and liabilities10/49€265,592€241,364€230,837€212,241€188,903-
Equity10/15-€56,596-€90,221-€110,801-€129,272-€126,620-
Contributions10/11€18,600€18,600€18,600€18,600€18,600-
Profit (loss) carried forward14-€75,196-€108,821-€129,401-€147,872-€145,220-
Amounts payable17/49€322,188€331,585€341,638€341,513€315,523-
Amounts payable after more than one year17€134,138€125,546€116,645€107,422€87,967-
Financial debts170/4€134,138€125,546€116,645€107,422€87,967-
Amounts payable within one year42/48€188,050€206,039€224,993€234,091€227,556-
Current portion of amounts payable after more than one year42€8,292€8,592€8,171€8,466€9,900-
Financial debts43---€812--
Credit institutions430/8---€812--
Trade debts44--€250€2,461€2,305-
Suppliers440/4--€250€2,461€2,305-
Taxes, remuneration and social security45--€20,886---
Taxes450/3--€20,886---
Other amounts payable47/48€179,758€197,447€195,686€222,352€215,351-
Line20202021202220232025Change
Profit (loss) for the period9904-€6,907-€33,625-€20,581-€18,471€5,089-
+ Depreciation and write-downs630€12,953€12,953€12,953€12,954€12,603-
Operating cash flow (approximation)€6,046-€20,672-€7,628-€5,517€17,692-
Investment in fixed assets (approximation)-€0€0€0--
Change in cash--€11,275-€2,931---

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
18-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial Back to profitnet €5,089
Net result €5,089 after 6 loss-making years.
2024
21-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
02-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
30-05
KBO administration Strikeout withdrawn
event 17-05-2023
17-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 290 days late
17-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 655 days late
17-05
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 1020 days late
12-04
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 1351 days late
12-04
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 1716 days late
12-04
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 2081 days late
2021
31-12
Financial Weakest financial yearnet -€33,625
Net result drops to -€33,625, the lowest in the series; recovery starts the following year.
2016
27-09
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 58 days late
SignalFinancial 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 2013
seat establishment The establishment unit on the map
Ground area
279 m²
Building footprint
55 m²
Volume, LiDAR
632 m³
Parcel 56078D0011/00R002, Wallonia · tallest building 13.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Moustier(THN) 38, 6530 Thuin
Real estate activities
since 20132.220.305.749
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56078D0011/00R002 Wallonia 279 m² 1 · 55 m² 13.0 m · 4 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.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded15-04-2013
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0525990517
Also 9925:BE0525990517
Registered 13-07-2026

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

Register as of 30 September 2026 · Peppol Directory

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