Equity
€875,848 ▲ 1.4%
IMMOP has made a profit without a break since 2019.
IMMOP
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €707,765 (2011)
-not published
lowest -€128,794 (2017)
€12,396▼ 86.6%
peak €875,848 (2025)
€875,848▲ 1.4%
€107,884▼ 23.2%
peak 0 FTE (2024)
0 FTE
Board5 names since 2018
3 directorsVERSTUYFTCATHERINE and 2 others
Owners2 names in the annual accounts
100%PENNINCK
Documentsfilings and deeds
26-06-202635 days before the deadline
2025financial year
Gross margin from €146,512 to €37,883Result from €92,798 to €12,396Debts from €140,426 to €107,884
Key points
from the 2025 annual accountsResult
€12,396 ▼ 86.6%
The result fell in 2025 from €92,798 to €12,396.
Turnover
≈ €62,000 estimated
The accounts state no turnover.
Filings
35 annual accounts since 1991
The 2017 accounts came 27 days late. The other nine of the last ten were filed on time.
At the same address
5 companies
Position in the sector
89.0%
Higher solvency than 86% of companies in real estate. Sector median 38.2% · 5,810 companies.
Checked score
96
Excellent
Financially stronger than 65% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 12.10, cash €18,777
lowers risk
Size: total assets €983,732
Figures for financial year 2025 (filed on 26-06-2026)
Equity €875,848 (89.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 91% of them on solvency, 60% on liquidity, 60% on profitability and 50% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as IMMOP has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMOP itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 14,766 companies, not a prediction for IMMOP. 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.
Credit verdict
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.1 (11.94 in 2024), above the usual 1.5. Short-term debt is 4.6% and cash 1.9% of total assets. 11% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
34 days early
2023
33 days early
2022
31 days early
2021
51 days early
2020
31 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- PENNINCK 100%equity €36.7m (2025) · 2025 annual accounts of PENNINCK
- Aannemingen Penninck 1%score 95equity €7.9m (2025) · 2022 annual accounts of Aannemingen Penninck
Shares in 3 companies, including Vervoerdienst Crombez and VELDHOEK
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440875094
2 directors appointed, 2 resignations
Resignations: Luc Penninck and Cathérine Verstuyft · Appointments: Luc Penninck (director) and Cathérine Verstuyft (director) · Permanent representative: Luc Penninck · General meeting of 26-04-2023 · Gazette deed
Resignation: PENNINCKBART (managing director)
Appointment: VERSTUYFTCATHERINE (director) · Director discharge: PENNINCKBART (managing director) · General meeting of 28-09-2018 · Gazette deed
First establishment
IMMOP NV, Molenstraat 177, Roeselare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMOP Roeselare | €1.0m | €37,883 | 89.0% | 0 |
| D.W.A. Ichtegem | €0.9m | €44,268 | 78.3% | 0 |
| J.A.A.L.C. Mons | €1.1m | €49,046 | 33.7% | 0 |
| KASTEEL TE LAKE - ZULTE Dentergem | €0.7m | €50,343 | -59.8% | 0 |
| ADNIGO Maaseik | €1.0m | €66,917 | 46.1% | 0 |
| N.J.M. Tongeren-Borgloon | €0.6m | €38,249 | 49.9% | 0 |
| JADO Hasselt | €1.1m | €21,405 | 47.2% | 0 |
These companies have the same main activity as IMMOP: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €613,000 and €1.1m, founded between 1985 and 1994.
Official details
Source: KBO- Status
- Active since 26-05-1990Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 3 others
- Establishment unit
- 2.048.611.3938800 Roeselare, since 19-06-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €983,732▼ 2.0%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on IMMOP
IMMOP has existed since 1990. Turnover fell from €175,165 in 2016 to €954 in 2017.
PENNINCK holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMOP
- What is the company number of IMMOP?
- The company number of IMMOP is 0440.875.094. The VAT number is the same number with BE in front: BE 0440.875.094.
- Where is IMMOP based?
- The registered office is at Rumbeeksegravier 110, 8800 Roeselare.Company details
- What does IMMOP do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of IMMOP?
- IMMOP is a public limited company (NV).
- When was IMMOP founded?
- IMMOP was founded on 26-05-1990.
- Is IMMOP still active?
- Yes, IMMOP is an active enterprise in the KBO register.
- What is the turnover of IMMOP?
- The turnover in financial year 2025 is ≈ €62,000. This figure is estimated from the gross margin of €37,883 and 51 comparable companies (NACE 682). It probably lies between €46,000 and €90,000. In financial year 2022 turnover was €18,500.Financials
- Is IMMOP profitable?
- In financial year 2025, IMMOP made a profit of €12,396.
- Where can I find the annual accounts of IMMOP?
- IMMOP filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMOP due?
- IMMOP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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