IMMOKASA
ActiveSummary
IMMOKASA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€74,160) and a net result of -€10,285. Equity is shrinking by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 9341 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.19 in 2024; short-term debt: 704.9% and cash: 82.3% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-604.9%
Return on assets
-83.9%
Age of the figures
9 mo
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
Real estate activities (NACE 68)
about 43% fewer 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€74,160
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
61 d late
2022
45 d late
2021
74 d late
2020
89 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 56 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 14 September (4 of the last 5 filed years within 45 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,285▲ 12.6%
2024 · -€11,766
Working capital
-€74,835▼ 5.8%
2024 · -€70,750
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Operating result-€1,451▼ 313%-€9,411▼ 549%€3,912-€11,766-€10,167▲ 13.6%
Net result-€1,567within the sector's middle half▼ 284%-€9,479within the sector's middle half▼ 505%€3,892within the sector's middle half-€11,766within the sector's middle half-€10,285within the sector's middle half▲ 12.6%
Equity-€46,522below the sector's middle half▼ 3.5%-€56,001below the sector's middle half▼ 20.4%-€52,109below the sector's middle half▲ 6.9%-€63,875below the sector's middle half▼ 22.6%-€74,160below the sector's middle half▼ 16.1%
Total assets€35,893below the sector's middle half▲ 857%€27,231below the sector's middle half▼ 24.1%€33,758below the sector's middle half▲ 24.0%€23,930below the sector's middle half▼ 29.1%€12,260below the sector's middle half▼ 48.8%
Debt€82,415▲ 69.2%€83,232▲ 1.0%€85,867▲ 3.2%€87,805▲ 2.3%€86,420▼ 1.6%
Working capital-€71,997within the sector's middle half▼ 57.8%-€75,276within the sector's middle half▼ 4.6%-€65,184within the sector's middle half▲ 13.4%-€70,750within the sector's middle half▼ 8.5%-€74,835within the sector's middle half▼ 5.8%
Solvency-129.6%below the sector's middle half-205.7%below the sector's middle half▼ 76.0pp-154.4%below the sector's middle half▲ 51.3pp-266.9%below the sector's middle half▼ 112.6pp-604.9%below the sector's middle half▼ 338.0pp
Current ratio0.13below the sector's middle half0.10below the sector's middle half▼ 0.030.24below the sector's middle half▲ 0.150.19below the sector's middle half▼ 0.050.13below the sector's middle half▼ 0.06
Return on assets (ROA)-4.4%below the sector's middle half-34.8%below the sector's middle half▼ 30.4pp11.5%above the sector's middle half▲ 46.3pp-49.2%below the sector's middle half▼ 60.7pp-83.9%below the sector's middle half▼ 34.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,167 in 2025 against €11,766 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12,260
Fixed assets
€675 ▼ 90.2%
Current assets
€11,585 ▼ 32.1%
Key figures and ratios
EBITDA
-€3,967▲
2024 · -€5,566
Cash flow
-€4,085▲
2024 · -€5,566
Debt to equity
-1.17▲
2024 · -1.37
Interest coverage
-33.62
Debt ≤ 1 year
€86,420▼
2024 · €87,805
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 6,622 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other operating charges640/8 | €180 | €149 | €149 | €149 | €149 | = |
| Gross operating margin9900 | €4,929 | -€3,062 | €10,261 | -€5,417 | -€3,818 | ▲ 29.5% |
| Operating profit (loss)9901 | -€1,451 | -€9,411 | €3,912 | -€11,766 | -€10,167 | ▲ 13.6% |
| Financial charges65/66B | €116 | €68 | €20 | - | €118 | - |
| Recurring financial charges65 | €116 | €68 | €20 | - | €118 | - |
| Profit (loss) for the period before taxes9903 | -€1,567 | -€9,479 | €3,892 | -€11,766 | -€10,285 | ▲ 12.6% |
| Profit (loss) for the period9904 | -€1,567 | -€9,479 | €3,892 | -€11,766 | -€10,285 | ▲ 12.6% |
| Profit (loss) for the period to be appropriated9905 | -€1,567 | -€9,479 | €3,892 | -€11,766 | -€10,285 | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35,893 | €27,231 | €33,758 | €23,930 | €12,260 | ▼ 48.8% |
| Fixed assets21/28 | €25,475 | €19,275 | €13,075 | €6,875 | €675 | ▼ 90.2% |
| Tangible fixed assets22/27 | €24,800 | €18,600 | €12,400 | €6,200 | - | - |
| Furniture and vehicles24 | €24,800 | €18,600 | €12,400 | €6,200 | - | - |
| Financial fixed assets28 | €675 | €675 | €675 | €675 | €675 | = |
| Current assets29/58 | €10,418 | €7,956 | €20,683 | €17,055 | €11,585 | ▼ 32.1% |
| Amounts receivable within one year40/41 | €817 | €864 | €866 | €1,287 | €1,490 | ▲ 15.8% |
| Other amounts receivable41 | €817 | €864 | €866 | €1,287 | €1,490 | ▲ 15.8% |
| Cash at bank and in hand54/58 | €9,601 | €7,092 | €19,817 | €15,768 | €10,095 | ▼ 36.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35,893 | €27,231 | €33,758 | €23,930 | €12,260 | ▼ 48.8% |
| Equity10/15 | -€46,522 | -€56,001 | -€52,109 | -€63,875 | -€74,160 | ▼ 16.1% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€68,522 | -€78,001 | -€74,109 | -€85,875 | -€96,160 | ▼ 12.0% |
| Amounts payable17/49 | €82,415 | €83,232 | €85,867 | €87,805 | €86,420 | ▼ 1.6% |
| Amounts payable within one year42/48 | €82,415 | €83,232 | €85,867 | €87,805 | €86,420 | ▼ 1.6% |
| Trade debts44 | €94 | €43 | €3,514 | €1,599 | €1,626 | ▲ 1.7% |
| Suppliers440/4 | €94 | €43 | €3,514 | €1,599 | €1,626 | ▲ 1.7% |
| Other amounts payable47/48 | €82,321 | €83,189 | €82,353 | €86,206 | €84,794 | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,567 | -€9,479 | €3,892 | -€11,766 | -€10,285 | ▲ 12.6% |
| + Depreciation and write-downs630 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Operating cash flow (approximation) | €4,633 | -€3,279 | €10,092 | -€5,566 | -€4,085 | ▲ 26.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,509 | €12,725 | -€4,049 | -€5,673 | ▼ 40.1% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€11,766
Net result drops to -€11,766, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Back to profitnet €3,892
Net result €3,892 after 4 loss-making years.
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 45 days late
2022
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 146 days late
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 146 days late
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 88 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Anderlecht · 1 establishment unit since 2004
Ground area
108 m²
Building footprint
91 m²
Volume, LiDAR
1,148 m³
Parcel 21001A0821/00Y000, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IMMOKASA
since 20042.137.175.264
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0821/00Y000 | Brussels | 108 m² | 1 · 91 m² | 19.6 m · 5 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 and region
2-FIK IMMO
BE 0657.767.787
Anderlecht
ABITAT
BE 0899.731.022
Anderlecht
ACA MANAGEMENT
BE 0547.598.553
Anderlecht
AGENCE IMMOBILIÈRE SOCIALE D'ANDERLECHT-CUREGHEM
BE 0553.676.196
Anderlecht
ALBER INVEST
BE 0474.953.669
Anderlecht
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-04-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465690367
Also
9925:BE0465690367
Registered
31-12-2025
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.