IMMOPAL
ActiveSummary
IMMOPAL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327k and a net result of €10k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+8
Solvency60▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.34 against 0.3 in 2024; short-term debt: 65.2% and cash: 1.4% of total assets), and 65.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.7%
Return on assets
1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
43 d early
2023
12 d early
2022
4 d early
2021
1 d early
2020
1 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€327k▲ 3.1%
2024 · €317k
2018: €72klowest in 8 years
2019: €87k▲ +21.0% vs 2018
2020: €193k▲ +122% vs 2019
2021: €205k▲ +6.0% vs 2020
2022: €298k▲ +45.1% vs 2021
2023: €302k▲ +1.4% vs 2022
2024: €317k▲ +5.2% vs 2023
2025: €327k▲ +3.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€942k▲ 1.2%
2024 · €931k
2018: €818k
2019: €801k▼ -2.1% vs 2018lowest in 8 years
2020: €923k▲ +15.3% vs 2019
2021: €822k▼ -11.0% vs 2020
2022: €923k▲ +12.4% vs 2021
2023: €910k▼ -1.5% vs 2022
2024: €931k▲ +2.3% vs 2023
2025: €942k▲ +1.2% vs 2024highest in 8 years
2018 → 2025
Net result
€10k▼ 37.5%
2024 · €16k
2018: €13k
2019: €15k▲ +16.3% vs 2018
2020: €106k▲ +606% vs 2019highest in 8 years
2021: €12k▼ -89.0% vs 2020
2022: €92k▲ +692% vs 2021
2023: €4k▼ -95.5% vs 2022lowest in 8 years
2024: €16k▲ +273% vs 2023
2025: €10k▼ -37.5% vs 2024
2018 → 2025
Working capital
€-405k▲ 5.4%
2024 · €-429k
2018: €-687klowest in 8 years
2019: €-664k▲ +3.3% vs 2018
2020: €-562k▲ +15.4% vs 2019
2021: €-553k▲ +1.5% vs 2020
2022: €-471k▲ +14.7% vs 2021
2023: €-456k▲ +3.3% vs 2022
2024: €-429k▲ +5.9% vs 2023
2025: €-405k▲ +5.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€205k-€298k▲ 45.1%€302k▲ 1.4%€317k▲ 5.2%€327k▲ 3.1%
2021: €205klowest in 5 years
2022: €298k▲ +45.1% vs 2021
2023: €302k▲ +1.4% vs 2022
2024: €317k▲ +5.2% vs 2023
2025: €327k▲ +3.1% vs 2024highest in 5 years
Operating result€13k-€123k▲ 878%€10k▼ 91.6%€28k▲ 175%€7k▼ 76.9%
2021: €13k
2022: €123k▲ +878% vs 2021highest in 5 years
2023: €10k▼ -91.6% vs 2022
2024: €28k▲ +175% vs 2023
2025: €7k▼ -76.9% vs 2024lowest in 5 years
Net result€12k-€92k▲ 692%€4k▼ 95.5%€16k▲ 273%€10k▼ 37.5%
2021: €12k
2022: €92k▲ +692% vs 2021highest in 5 years
2023: €4k▼ -95.5% vs 2022lowest in 5 years
2024: €16k▲ +273% vs 2023
2025: €10k▼ -37.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €942k
Fixed assets
€733k ▼ 1.7%
Current assets
€209k ▲ 13.2%
Equity and liabilities €942k
Equity
€327k ▲ 3.1%
Debt
€615k ▲ 0.2%
Debt's share of the balance-sheet total falls from 65.9% to 65.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2024 · €42k
Cash flow
€23k▼
2024 · €29k
Current ratio
0.34▲
2024 · 0.30
Debt to equity
1.88▼
2024 · 1.93
ROE
3.0%▼
2024 · 4.9%
ROA
1.0%▼
2024 · 1.7%
Interest coverage
2.92▲
2024 · 1.86
Debt ≤ 1 year
€614k▲
2024 · €613k
Income taxes
€0▼
2024 · €29
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€931k€942k▲
Fixed assets21/28€746k€733k▼
Tangible fixed assets22/27€124k€111k▼
Land and buildings22€92k€85k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€85€0▼
Other tangible fixed assets26€29k€25k▼
Financial fixed assets28€622k€622k=
Current assets29/58€184k€209k▲
Amounts receivable within one year40/41€173k€193k▲
Trade receivables40€171k€191k▲
Other amounts receivable41€3k€3k=
Cash at bank and in hand54/58€9k€14k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€931k€942k▲
Equity10/15€317k€327k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€249k€259k▲
Amounts payable17/49€613k€615k▲
Amounts payable within one year42/48€613k€614k▲
Trade debts44€146k€160k▲
Suppliers440/4€146k€160k▲
Taxes, remuneration and social security45€13k€17k▲
Taxes450/3€9k€6k▼
Remuneration and social security454/9€4k€11k▲
Other amounts payable47/48€454k€437k▼
Accrued charges and deferred income492/3€288€747▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€13k▼
Other operating charges640/8€4k€8k▲
Gross operating margin9900€46k€28k▼
Operating profit (loss)9901€28k€7k▼
Financial income75/76B€10k€10k=
Recurring financial income75€10k€10k=
Financial charges65/66B€23k€7k▼
Recurring financial charges65€23k€7k▼
Profit (loss) for the period before taxes9903€16k€10k▼
Income taxes67/77€29€0▼
Profit (loss) for the period9904€16k€10k▼
Profit (loss) for the period to be appropriated9905€16k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€249k€259k▲
Profit (loss) brought forward from the previous period14P€234k€249k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €12k | €14k | €14k | €13k | ▼ 6.0% |
| Other operating charges640/8 | €5k | €4k | €5k | €4k | €8k | ▲ 112% |
| Non-recurring operating charges66A | €65 | €45 | €0 | - | - | - |
| Gross operating margin9900 | €27k | €139k | €29k | €46k | €28k | ▼ 39.3% |
| Operating profit (loss)9901 | €13k | €123k | €10k | €28k | €7k | ▼ 76.9% |
| Financial income75/76B | €10k | €10k | €10k | €10k | €10k | = |
| Recurring financial income75 | €10k | €10k | €10k | €10k | €10k | = |
| Financial charges65/66B | €8k | €9k | €16k | €23k | €7k | ▼ 70.4% |
| Recurring financial charges65 | €8k | €9k | €16k | €23k | €7k | ▼ 70.4% |
| Profit (loss) for the period before taxes9903 | €14k | €124k | €4k | €16k | €10k | ▼ 37.7% |
| Income taxes67/77 | €3k | €32k | €112 | €29 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €12k | €92k | €4k | €16k | €10k | ▼ 37.5% |
| Profit (loss) for the period to be appropriated9905 | €12k | €92k | €4k | €16k | €10k | ▼ 37.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €822k | €923k | €910k | €931k | €942k | ▲ 1.2% |
| Fixed assets21/28 | €758k | €770k | €760k | €746k | €733k | ▼ 1.7% |
| Tangible fixed assets22/27 | €136k | €147k | €138k | €124k | €111k | ▼ 10.5% |
| Land and buildings22 | €113k | €106k | €99k | €92k | €85k | ▼ 7.7% |
| Plant, machinery and equipment23 | €3k | €3k | €4k | €3k | €2k | ▼ 42.3% |
| Furniture and vehicles24 | - | €585 | €335 | €85 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €20k | €38k | €34k | €29k | €25k | ▼ 16.0% |
| Financial fixed assets28 | €622k | €622k | €622k | €622k | €622k | = |
| Current assets29/58 | €64k | €154k | €149k | €184k | €209k | ▲ 13.2% |
| Amounts receivable within one year40/41 | €12k | €127k | €143k | €173k | €193k | ▲ 11.4% |
| Trade receivables40 | €10k | €124k | €141k | €171k | €191k | ▲ 11.6% |
| Other amounts receivable41 | €2k | €2k | €3k | €3k | €3k | = |
| Cash at bank and in hand54/58 | €50k | €26k | €6k | €9k | €14k | ▲ 43.3% |
| Deferred charges and accrued income490/1 | €2k | €1k | €453 | €1k | €2k | ▲ 25.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €822k | €923k | €910k | €931k | €942k | ▲ 1.2% |
| Equity10/15 | €205k | €298k | €302k | €317k | €327k | ▲ 3.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €137k | €229k | €234k | €249k | €259k | ▲ 3.9% |
| Amounts payable17/49 | €617k | €626k | €608k | €613k | €615k | ▲ 0.2% |
| Amounts payable within one year42/48 | €617k | €625k | €605k | €613k | €614k | ▲ 0.2% |
| Trade debts44 | €54k | €113k | €108k | €146k | €160k | ▲ 9.9% |
| Suppliers440/4 | €54k | €113k | €108k | €146k | €160k | ▲ 9.9% |
| Taxes, remuneration and social security45 | €7k | €37k | €49k | €13k | €17k | ▲ 30.4% |
| Taxes450/3 | €6k | €37k | €38k | €9k | €6k | ▼ 34.5% |
| Remuneration and social security454/9 | €561 | €0 | €11k | €4k | €11k | ▲ 200% |
| Other amounts payable47/48 | €556k | €475k | €449k | €454k | €437k | ▼ 3.8% |
| Accrued charges and deferred income492/3 | - | €649 | €3k | €288 | €747 | ▲ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €92k | €4k | €16k | €10k | ▼ 37.5% |
| + Depreciation and write-downs630 | €10k | €12k | €14k | €14k | €13k | ▼ 6.0% |
| Operating cash flow (approximation) | €22k | €105k | €18k | €29k | €23k | ▼ 22.7% |
| Investment in fixed assets (approximation) | - | €-24k | €-4k | €0 | €0 | - |
| Change in cash | - | €-24k | €-20k | €4k | €4k | ▲ 7.0% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €4k ▼95.5%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €200kEq €205k ▲6%
4 profitable years in a row build equity to €205k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2018net €106k ▲606%
Operating result €147k, net result €106k, both a record.
30-09
Financial
Equity above €150kEq €193k ▲122%
3 profitable years in a row build equity to €193k.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Péruwelz · 1 establishment unit since 2003
Ground area
975 m²
Building footprint
144 m²
Volume, LiDAR
1,743 m³
Parcel 57011D1285/00G000, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IMMOPAL
since 20032.147.349.772
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57011D1285/00G000 | Wallonia | 974 m² | 1 · 144 m² | 13.8 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.
Similar companies · same sector, comparable size
RED
BE 0883.937.145
Gent · Eq €327,012
Godoo
BE 0837.737.233
Menen · Eq €327,063
RADISSON HOSPITALITY SERVICES
BE 0728.469.703
Brussel · Eq €326,996
CVIAS
BE 0867.683.608
Leuven · Eq €327,068
BELEGAL
BE 0887.401.035
Grimbergen · Eq €326,980
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 37,632 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-04-2003
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.