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Immonac

Active
Public limited companyfounded 198343 yrs activeKeizer Karelstraat 6, 8800 Roeselare, BelgiumKBO/BCE: BE 0425.318.472
Summary

Immonac has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,980) and a net result of €266. Equity is growing by ~21% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▼-2
Solvency20▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.31 in 2024; short-term debt: 102.5% and cash: 0.9% of total assets), and equity is negative.
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Signals

Five 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
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 43 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
-5.5%
Return on assets
0.3%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
44 d early
2023
50 d early
2022
48 d early
2021
48 d early
2020
24 d early
2019
46 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 37 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.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 August 1983, Immonac was incorporated.1 Braeckman Patrick has served as director of the company since 2026.2 Total assets went from EUR 99,799 in 2018 to EUR 91,179 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 03-09-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
-€4,980▲ 5.1%
2024 · -€5,246
Total assets
€91,179▼ 31.1%
2024 · €132,326
Net result
€266▼ 89.7%
2024 · €2,594
Working capital
-€89,636▲ 3.3%
2024 · -€92,667
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
Operating result€3,011▲ 64.0%€4,030▲ 33.9%€1,494▼ 62.9%€2,837▲ 89.8%€602▼ 78.8%
Net result€2,809▲ 67.8%€3,805▲ 35.5%€1,204▼ 68.4%€2,594▲ 115%€266▼ 89.7%
Equity-€12,849▲ 17.9%-€9,044▲ 29.6%-€7,840▲ 13.3%-€5,246▲ 33.1%-€4,980▲ 5.1%
Total assets€102,955▲ 0.9%€99,895▼ 3.0%€137,524▲ 37.7%€132,326▼ 3.8%€91,179▼ 31.1%
Debt€115,805▼ 1.6%€108,939▼ 5.9%€145,364▲ 33.4%€137,572▼ 5.4%€96,159▼ 30.1%
Working capital-€99,237▲ 2.8%-€93,423▲ 5.9%-€97,575▼ 4.4%-€92,667▲ 5.0%-€89,636▲ 3.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€2,000€4,000Operating result 2021: €3,011€3,011Net result 2021: €2,809€2,809Operating result 2022: €4,030€4,030Net result 2022: €3,805€3,805Operating result 2023: €1,494€1,494Net result 2023: €1,204€1,204Operating result 2024: €2,837€2,837Net result 2024: €2,594€2,594Operating result 2025: €602€602Net result 2025: €266€26620212022202320242025€0€1,000€2,000€3,000Operating result 2023: €1,494€1,490Net result 2023: €1,204€1,200Operating result 2024: €2,837€2,840Net result 2024: €2,594€2,590Operating result 2025: €602€602Net result 2025: €266€266202320242025
The operating result falls in 2025; 2025 is 79% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91,179
Fixed assets €87,371 ▼ 3.1%
Current assets €3,808 ▼ 91.0%
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,366▼
2024 · €5,601
Cash flow
€3,031▼
2024 · €5,358
Solvency
-5.5%▼
2024 · -4.0%
Current ratio
0.04▼
2024 · 0.31
Debt to equity
-19.31▲
2024 · -26.22
ROA
0.3%▼
2024 · 2.0%
Interest coverage
10.04▼
2024 · 23.04
Debt ≤ 1 year
€93,445▼
2024 · €134,858
Debt > 1 year
€2,119=
2024 · €2,119
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit under 5% of the balance sheet
2.1% went bankrupt
4.8% stopped otherwise
92% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,448 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 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€132,326€91,179▼
Fixed assets21/28€90,135€87,371▼
Tangible fixed assets22/27€90,135€87,371▼
Land and buildings22€83,525€81,516▼
Plant, machinery and equipment23€6,610€5,855▼
Current assets29/58€42,191€3,808▼
Amounts receivable within one year40/41€1,405€1,405=
Trade receivables40€1,405€1,405=
Cash at bank and in hand54/58€39,184€788▼
Deferred charges and accrued income490/1€1,602€1,616▲
Equity and liabilities
Total equity and liabilities10/49€132,326€91,179▼
Equity10/15-€5,246-€4,980▲
Contributions10/11€71,889€71,889=
Capital10€71,889€71,889=
Issued capital100€71,889€71,889=
Profit (loss) carried forward14-€77,136-€76,869▲
Amounts payable17/49€137,572€96,159▼
Amounts payable after more than one year17€2,119€2,119=
Other amounts payable178/9€2,119€2,119=
Amounts payable within one year42/48€134,858€93,445▼
Trade debts44€197€95▼
Suppliers440/4€197€95▼
Other amounts payable47/48€134,661€93,350▼
Accrued charges and deferred income492/3€595€595=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,764€2,764=
Other operating charges640/8€2,714€2,799▲
Gross operating margin9900€8,315€6,165▼
Operating profit (loss)9901€2,837€602▼
Financial charges65/66B€243€335▲
Recurring financial charges65€243€335▲
Profit (loss) for the period before taxes9903€2,594€266▼
Profit (loss) for the period9904€2,594€266▼
Profit (loss) for the period to be appropriated9905€2,594€266▼
Appropriation of the result
Profit (loss) to be appropriated9906-€77,136-€76,869▲
Profit (loss) brought forward from the previous period14P-€79,729-€77,136▲

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

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,009€2,009€2,193€2,764€2,764=
Other operating charges640/8€2,339€2,388€2,670€2,714€2,799▲ 3.1%
Gross operating margin9900€7,359€8,427€6,358€8,315€6,165▼ 25.9%
Operating profit (loss)9901€3,011€4,030€1,494€2,837€602▼ 78.8%
Financial charges65/66B€202€225€290€243€335▲ 37.9%
Recurring financial charges65€202€225€290€243€335▲ 37.9%
Profit (loss) for the period before taxes9903€2,809€3,805€1,204€2,594€266▼ 89.7%
Profit (loss) for the period9904€2,809€3,805€1,204€2,594€266▼ 89.7%
Profit (loss) for the period to be appropriated9905€2,809€3,805€1,204€2,594€266▼ 89.7%
Line20212022202320242025Change
Assets
Total assets20/58€102,955€99,895€137,524€132,326€91,179▼ 31.1%
Fixed assets21/28€89,552€87,543€92,899€90,135€87,371▼ 3.1%
Tangible fixed assets22/27€89,552€87,543€92,899€90,135€87,371▼ 3.1%
Land and buildings22€89,552€87,543€85,534€83,525€81,516▼ 2.4%
Plant, machinery and equipment23--€7,365€6,610€5,855▼ 11.4%
Current assets29/58€13,403€12,352€44,625€42,191€3,808▼ 91.0%
Amounts receivable within one year40/41--€1,405€1,405€1,405=
Trade receivables40--€1,405€1,405€1,405=
Cash at bank and in hand54/58€13,403€10,893€41,640€39,184€788▼ 98.0%
Deferred charges and accrued income490/1-€1,459€1,580€1,602€1,616▲ 0.9%
Equity and liabilities
Total equity and liabilities10/49€102,955€99,895€137,524€132,326€91,179▼ 31.1%
Equity10/15-€12,849-€9,044-€7,840-€5,246-€4,980▲ 5.1%
Contributions10/11€71,889€71,889€71,889€71,889€71,889=
Capital10€71,889€71,889€71,889€71,889€71,889=
Issued capital100€71,889€71,889€71,889€71,889€71,889=
Profit (loss) carried forward14-€84,738-€80,933-€79,729-€77,136-€76,869▲ 0.3%
Amounts payable17/49€115,805€108,939€145,364€137,572€96,159▼ 30.1%
Amounts payable after more than one year17€2,569€2,569€2,569€2,119€2,119=
Other amounts payable178/9€2,569€2,569€2,569€2,119€2,119=
Amounts payable within one year42/48€112,640€105,775€142,200€134,858€93,445▼ 30.7%
Trade debts44€427€996€243€197€95▼ 51.9%
Suppliers440/4€427€996€243€197€95▼ 51.9%
Other amounts payable47/48€112,213€104,779€141,957€134,661€93,350▼ 30.7%
Accrued charges and deferred income492/3€595€595€595€595€595=
Line20212022202320242025Change
Profit (loss) for the period9904€2,809€3,805€1,204€2,594€266▼ 89.7%
+ Depreciation and write-downs630€2,009€2,009€2,193€2,764€2,764=
Operating cash flow (approximation)€4,818€5,814€3,397€5,358€3,031▼ 43.4%
Investment in fixed assets (approximation)-€0-€7,549€0€0-
Change in cash--€2,510€30,746-€2,456-€38,396▼ 1,463%

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
03-09
State Gazette act Resignation: Braeckman Jan (director)
Appointment: Braeckman Patrick (director)3 facts ▸
  • General meeting, 23-07-2026
  • Director resignation, Braeckman Jan (director)
  • Director appointment, Braeckman Patrick (director)
31-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Weakest financial yearnet €266 ▼89.7%
Net result drops to €266, the lowest in the series.
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
11-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Highest result since 2018net €3,805 ▲35.5%
Operating result €4,030, net result €3,805, both a record.
13-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
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 3 acts read
About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 director, last change in 2026
Braeckman Patrick
Director · since 09-07-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 1983
seat establishment The establishment unit on the map
Ground area
2,373 m²
Building footprint
249 m²
Volume, LiDAR
1,429 m³
Parcel 36302B1050/00F000, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
IMMONAC
Keizer Karelstraat 6, 8800 RoeselareActivities of head offices; management consultancy activities
since 19832.023.864.715
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36302B1050/00F000 Flanders 2,373 m² 1 · 249 m² 14.9 m · 2 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.

Mandate history

2 people since 2026, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Braeckman Patrick
  • Director, from 09-07-2026 to date
Braeckman Jan
  • Director, until 09-07-2026
See the board, name and seat on a given date →

Structure & network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Identification & contact

Identification
Legal formPublic limited company
Founded02-08-1983
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

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