Equity
Debts exceed assets in financial year 2025.
In July 2024, 3,795 companies had the same profile as IMMOLIS has now. Each dot stands for 10 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,795 companies, not a prediction for IMMOLIS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
IMMOLIS files the micro format. That format states no turnover. The gross margin fell from €35,449 in 2007 to €29,891 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €71,000 and €210,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
99,033 | 121,804 | 113,421 | 124,845 | 155,549 | 183,866 | 145,271 | 178,199 | 186,576 | 185,031 | 218,756 | 252,481 | 286,206 | 321,391 | 356,155 | 386,384 | 410,292 | 438,295 | 468,847 | |
21/28 |
48,263 | 63,827 | 79,392 | 100,552 | 137,174 | 175,091 | 145,271 | 175,499 | 185,614 | 185,031 | 218,756 | 252,481 | 286,206 | 320,791 | 355,555 | 385,784 | 409,692 | 435,210 | 468,127 | |
22/27 |
47,213 | 62,777 | 78,342 | 99,502 | 137,174 | 175,091 | 145,271 | 175,499 | 185,614 | 185,031 | 218,756 | 252,481 | 286,206 | 320,791 | 355,555 | 385,784 | 409,692 | 435,210 | 468,127 | |
22 |
30,410 | 39,615 | 48,820 | 72,563 | 104,707 | 137,096 | 106,497 | 131,656 | 167,156 | 184,900 | 218,624 | 252,349 | 286,074 | 320,299 | 354,523 | 385,148 | 409,165 | 433,919 | 466,072 | |
23 |
16,802 | 23,162 | 29,522 | 26,939 | 32,467 | 37,995 | 38,774 | 43,843 | 18,458 | 132 | 132 | 132 | 132 | 132 | 132 | 278 | 527 | 820 | 1,113 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 360 | 900 | 358 | - | 471 | 942 | |
28 |
1,050 | 1,050 | 1,050 | 1,050 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
50,770 | 57,977 | 34,029 | 24,293 | 18,375 | 8,775 | - | 2,700 | 962 | - | - | - | - | 600 | 600 | 600 | 600 | 3,085 | 720 | |
40/41 |
- | - | - | - | - | - | - | 2,700 | 962 | - | - | - | - | 600 | 600 | 600 | 600 | - | - | |
40 |
- | - | - | - | - | - | - | - | 600 | - | - | - | - | 600 | 600 | - | - | - | - | |
41 |
- | - | - | - | - | - | - | 2,700 | 362 | - | - | - | - | - | - | 600 | 600 | - | - | |
54/58 |
50,770 | 57,977 | 34,029 | 23,711 | 17,793 | 8,193 | - | - | - | - | - | - | - | - | - | - | - | 3,085 | 720 | |
490/1 |
- | - | - | 582 | 582 | 582 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
99,033 | 121,804 | 113,421 | 124,845 | 155,549 | 183,866 | 145,271 | 178,199 | 186,576 | 185,031 | 218,756 | 252,481 | 286,206 | 321,391 | 356,155 | 386,384 | 410,292 | 438,295 | 468,847 | |
10/15 |
-219,268 | -230,009 | -253,110 | -260,915 | -249,873 | -244,641 | -246,160 | -226,534 | -210,164 | -192,941 | -178,485 | -165,520 | -160,967 | -152,285 | -143,099 | -122,240 | -110,594 | -99,480 | -90,597 | |
10/11 |
61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | |
10 |
61,973 | 61,973 | 61,973 | 61,973 | 61,973 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | 61,973 | |
14 |
-281,242 | -291,982 | -315,084 | -322,888 | -311,847 | -306,614 | -308,133 | -288,507 | -272,138 | -254,915 | -240,459 | -227,494 | -222,940 | -214,258 | -205,072 | -184,213 | -172,567 | -161,454 | -152,571 | |
17/49 |
318,301 | 351,813 | 366,531 | 385,760 | 405,422 | 428,507 | 391,431 | 404,733 | 396,740 | 377,973 | 397,241 | 418,001 | 447,172 | 473,675 | 499,254 | 508,625 | 520,886 | 537,776 | 559,444 | |
17 |
304,634 | 305,636 | 305,636 | 312,825 | 331,811 | 349,616 | 360,867 | 385,611 | 369,497 | 354,311 | 366,872 | 383,844 | 406,771 | 436,095 | 465,126 | 483,245 | 497,689 | 517,760 | 539,407 | |
170/4 |
- | 1,003 | 1,003 | 8,192 | 27,177 | 44,983 | 37,097 | 52,611 | 36,497 | 21,311 | 33,872 | 50,844 | 73,771 | 103,095 | 132,126 | 483,245 | 497,689 | 517,760 | 539,407 | |
178/9 |
304,634 | 304,634 | 304,634 | 304,634 | 304,634 | 304,634 | 323,770 | 333,000 | 333,000 | 333,000 | 333,000 | 333,000 | 333,000 | 333,000 | 333,000 | - | - | - | - | |
42/48 |
13,668 | 46,177 | 60,895 | 72,935 | 73,611 | 78,891 | 30,564 | 19,121 | 27,244 | 23,662 | 30,369 | 34,157 | 40,401 | 37,580 | 34,128 | 25,380 | 23,197 | 20,016 | 20,037 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24,176 | 20,071 | 18,958 | 18,117 | |
43 |
- | 2 | 7,239 | 17,024 | 17,427 | 19,000 | 18,682 | 16,068 | 26,769 | 20,838 | 19,257 | 27,645 | 35,188 | 32,040 | 30,309 | 376 | 850 | - | - | |
430/8 |
- | - | - | - | - | - | 4,976 | - | 1,926 | 3,836 | 2,017 | 3,794 | 4,924 | 3,092 | 3,942 | - | 850 | - | - | |
439 |
- | 2 | 7,239 | 17,024 | 17,427 | 19,000 | 13,706 | 16,068 | 24,843 | 17,002 | 17,240 | 23,850 | 30,264 | 28,948 | 26,367 | 376 | - | - | - | |
44 |
3,070 | 78 | 559 | 814 | 3,689 | 7,116 | 883 | 2,867 | 475 | 1,116 | 7,779 | 303 | 686 | 1,238 | 1,713 | 827 | - | 206 | - | |
440/4 |
3,070 | 78 | 559 | 814 | 3,689 | 7,116 | 883 | 2,867 | 475 | 1,116 | 7,779 | 303 | 686 | 1,238 | 1,713 | 827 | - | 206 | - | |
47/48 |
10,597 | 46,097 | 53,097 | 55,097 | 52,495 | 52,775 | 11,000 | 186 | - | 1,708 | 3,333 | 6,210 | 4,527 | 4,302 | 2,106 | - | 2,276 | 852 | 1,920 | |
| Income statement | ||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 56,105 | 41,532 | |
9900 |
29,891 | 42,293 | 37,895 | 31,323 | 37,192 | 45,806 | 26,283 | 29,517 | 26,271 | 25,320 | 27,583 | 37,703 | 35,815 | 37,262 | 27,021 | 35,807 | 36,643 | 39,661 | 35,449 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16,443 | 7,839 | |
630 |
15,565 | 15,565 | 29,479 | 37,672 | 37,917 | 37,903 | 41,053 | 40,570 | 37,537 | 33,725 | 33,725 | 33,725 | 34,585 | 34,764 | 35,370 | 34,707 | 34,016 | 32,916 | 32,916 | |
640/8 |
3,488 | 3,383 | 17 | 3,576 | 2,860 | 3,327 | 2,713 | 2,777 | 3,179 | 2,801 | 2,787 | 2,453 | 2,402 | 2,595 | 2,466 | 2,297 | 2,438 | 2,348 | 2,171 | |
9901 |
10,838 | 23,345 | 8,399 | -9,925 | -3,585 | 4,576 | -17,483 | -13,830 | -14,445 | -11,206 | -8,929 | 1,526 | -1,172 | -98 | -10,816 | -1,197 | 189 | 4,397 | 361 | |
75/76B |
- | - | - | - | 3 | - | - | 0 | 2 | 1 | 124 | - | - | - | 12 | 40 | 32 | 44 | 0 | |
75 |
- | - | - | - | 3 | - | - | 0 | 2 | 1 | 124 | - | - | - | 12 | 40 | 32 | 44 | 0 | |
65/66B |
98 | 244 | 594 | 1,116 | 1,650 | 3,057 | 2,144 | 2,540 | 2,779 | 3,251 | 4,160 | 6,080 | 7,510 | 9,088 | 10,055 | 10,490 | 11,333 | 13,324 | 16,014 | |
65 |
98 | 244 | 594 | 1,116 | 1,650 | 3,057 | 2,144 | 2,540 | 2,779 | 3,251 | 4,160 | 6,080 | 7,510 | 9,088 | 10,055 | 10,490 | 11,333 | 13,324 | 16,014 | |
9903 |
10,740 | 23,101 | 7,805 | -11,042 | -5,232 | 1,519 | -19,626 | -16,369 | -17,223 | -14,456 | -12,965 | -4,554 | -8,682 | -9,186 | -20,859 | -11,647 | -11,113 | -8,883 | -15,652 | |
9904 |
10,740 | 23,101 | 7,805 | -11,042 | -5,232 | 1,519 | -19,626 | -16,369 | -17,223 | -14,456 | -12,965 | -4,554 | -8,682 | -9,186 | -20,859 | -11,647 | -11,113 | -8,883 | -15,652 | |
9905 |
10,740 | 23,101 | 7,805 | -11,042 | -5,232 | 1,519 | -19,626 | -16,369 | -17,223 | -14,456 | -12,965 | -4,554 | -8,682 | -9,186 | -20,859 | -11,647 | -11,113 | -8,883 | -15,652 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-281,242 | -291,982 | -315,084 | -322,888 | -311,847 | -306,614 | -308,133 | -288,507 | -272,138 | -254,915 | -240,459 | -227,494 | -222,940 | -214,258 | -205,072 | -184,213 | -172,567 | -161,454 | -152,571 | |
14P |
-291,982 | -315,084 | -322,888 | -311,847 | -306,614 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The accounts for 7 older financial years (2000-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00137509 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00113150 | |
| 31-12-2023 | micro format | 22-07-2024 | 2024-00267587 | |
| 31-12-2022 | micro format | 31-05-2023 | 2023-00099245 | |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20060755 | |
| 31-12-2020 | micro format | 02-06-2021 | 2021-16700362 | |
| 31-12-2019 | micro format | 26-05-2020 | 2020-13000497 | |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14700348 | |
| 31-12-2017 | micro format | 16-05-2018 | 2018-12900067 | |
| 31-12-2016 | abbreviated format | 16-06-2017 | 2017-18200539 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-16200098 | |
| 31-12-2014 | abbreviated format | 05-06-2015 | 2015-15500433 | |
| 31-12-2013 | abbreviated format | 02-06-2014 | 2014-15600108 | |
| 31-12-2012 | abbreviated format | 30-05-2013 | 2013-14100159 | |
| 31-12-2011 | abbreviated format | 25-05-2012 | 2012-13000549 | |
| 31-12-2010 | abbreviated format | 22-09-2011 | 2011-55300549 | |
| 31-12-2009 | abbreviated format | 27-08-2010 | 2010-49300298 | |
| 31-12-2008 | abbreviated format | 20-08-2009 | 2009-60800298 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-69700377 | |
| 31-12-2006 | abbreviated format | 08-06-2007 | 2007-19700137 | |
| 01-12-2005 | abbreviated format | 29-05-2006 | 2006-16500146 | |
| 31-12-2004 | abbreviated format | 30-05-2005 | 2005-17600052 | |
| 31-12-2003 | abbreviated format | 17-05-2004 | 2004-14600200 | |
| 31-12-2002 | abbreviated format | 06-06-2003 | 2003-19700150 | |
| 31-12-2001 | abbreviated format | 06-06-2002 | 2002-17100184 | |
| 31-12-2000 | abbreviated format | 21-06-2001 | 2001-23900039 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26,403 | 38,910 | 37,878 | 27,747 | 34,332 | 42,479 | 23,570 | 26,741 | 23,091 | 22,519 | 24,796 | 35,251 | 33,413 | 34,666 | 24,555 | 33,510 | 34,205 | 37,313 | 33,278 | ||
| 26,305 | 38,666 | 37,284 | 26,630 | 32,685 | 39,422 | 21,426 | 24,201 | 20,314 | 19,269 | 20,760 | 29,171 | 25,903 | 25,578 | 14,512 | 23,060 | 22,903 | 24,033 | 17,264 | ||
| 0 | 0 | 8,319 | 1,050 | 0 | 67,723 | 10,825 | 30,455 | 38,120 | 0 | 0 | 0 | 0 | 0 | 5,141 | 10,799 | 8,498 | 0 | 4,339 | ||
| -7,207 | 23,948 | 10,318 | 5,919 | 9,600 | - | - | - | - | - | - | - | - | - | - | - | - | 2,365 | - | ||
| 37,103 | 11,800 | -26,866 | -48,642 | -55,236 | -70,116 | - | -16,421 | -26,282 | - | - | - | - | -36,980 | -33,528 | -24,780 | -22,597 | -16,931 | -19,317 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.8% | 0.9% | ||
| -221.4% | -188.8% | -223.2% | -209.0% | -160.6% | -133.1% | -169.4% | -127.1% | -112.6% | -104.3% | -81.6% | -65.6% | -56.2% | -47.4% | -40.2% | -31.6% | -27.0% | -22.7% | -19.3% | ||
| 3.71 | 1.26 | 0.56 | 0.33 | 0.25 | 0.11 | - | 0.14 | 0.04 | - | - | - | - | 0.02 | 0.02 | 0.02 | 0.03 | 0.15 | 0.04 | ||
| 10.8% | 19.0% | 6.9% | -8.8% | -3.4% | 0.8% | -13.5% | -9.2% | -9.2% | -7.8% | -5.9% | -1.8% | -3.0% | -2.9% | -5.9% | -3.0% | -2.7% | -2.0% | -3.3% | ||
| over 100 | over 100 | 63.73 | 24.85 | 20.80 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5 days | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,319 | - | - |
| €15,565 | €15,565 | €29,479 | €37,672 | €37,917 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 54% lower than in 2024.
Equity is negative. Debt (€318,301) exceeds the balance-sheet total (€99,033).
IMMOLIS has no parent and no holdings in its annual accounts. is the only director. IMMOLIS shares no director with another company.
| invest ph
registered office since 10-03-2006 · founded in 2006 |
total assets €1.4m (2025) 0879.898.678 |
| INDEPENDANT SERVICE SYSTEM
establishment since 03-06-1998 · founded in 1998 · negative equity (2025) |
total assets €40,289 (2025) 0462.646.250 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Sint-Amandsstraat 52 registered office 1853 Grimbergen 68110 Buying and selling of own real estate | 31-05-2000 | 2.266.017.988 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23084A0399/00M017 | 219 m² | 1 · 155 m² | 12.3 m · 1 |
If something looks wrong or is missing, please tell us.