IMMOPAPE
ActiveThe computed 12-month bankruptcy probability of IMMOPAPE is 2.4% (moderate). The 2025 annual accounts show equity of €375k and a net result of €-46k. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 13204 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-10
Solvency84▼-16
Growth32=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 37.07 in 2024; short-term debt: 5.9% and cash: 11.1% of total assets), and 41.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
40 d late
2024
42 d late
2023
30 d late
2022
119 d early
2021
31 d late
2020
13 d late
2019
45 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€375k▼ 50.1%
2024 · €753k
2018: €856k
2019: €828k
2020: €796k
2021: €769k
2022: €762k
2023: €746k
2024: €753k
2018 → 2025
Total assets
€642k▼ 16.3%
2024 · €766k
2018: €902k
2019: €864k
2020: €829k
2021: €780k
2022: €766k
2023: €751k
2024: €766k
2018 → 2025
Net result
€-46k
2024 · €6k
2018: €26k
2019: €-27k
2020: €-32k
2021: €-27k
2022: €-8k
2023: €-15k
2024: €6k
2018 → 2025
Working capital
€36k▼ 92.3%
2024 · €461k
2018: €679k
2019: €674k
2020: €661k
2021: €642k
2022: €639k
2023: €598k
2024: €461k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€769k-€762k▼ 1.0%€746k▼ 2.0%€753k▲ 0.8%€375k▼ 50.1%
Operating result€46k-€-8k€-15k▼ 102%€5k€-46k
Net result€-27k-€-8k▲ 71.5%€-15k▼ 100%€6k€-46k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €46k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €642k
Fixed assets
€568k▲ 94.3%
Current assets
€73k▼ 84.5%
Equity and liabilities €642k
Equity
€375k▼ 50.1%
Debt
€266k▲ 1,868%
The debt ratio rises from 1.8% to 41.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15k▼
2024 · €22k
Cash flow
€14k▼
2024 · €23k
Solvency
58.5%▼
2024 · 98.2%
Current ratio
1.94▼
2024 · 37.07
Quick ratio
1.94▼
2024 · 37.07
Debt / equity
0.71▲
2024 · 0.02
ROE
-12.3%▼
2024 · 0.8%
ROA
-7.2%▼
2024 · 0.8%
Interest coverage
10.52▼
2024 · 256.91
Debt
€266k▲
2024 · €14k
Debt ≤ 1 year
€38k▲
2024 · €13k
Debt > 1 year
€229k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€766k€642k▼
Fixed assets21/28€293k€568k▲
Tangible fixed assets22/27€293k€568k▲
Land and buildings22€293k€566k▲
Plant, machinery and equipment23-€2k
Current assets29/58€474k€73k▼
Amounts receivable within one year40/41€264k€2k▼
Trade receivables40€13k€620▼
Other amounts receivable41€251k€989▼
Cash at bank and in hand54/58€210k€71k▼
Deferred charges and accrued income490/1-€750
Equity and liabilities
Total equity and liabilities10/49€766k€642k▼
Equity10/15€753k€375k▼
Contributions10/11€564k€316k▼
Reserves13€189k€59k▼
Non-distributable reserves130/1€15k€8k▼
Reserves not available under the articles1311€15k€8k▼
Distributable reserves133€174k€51k▼
Amounts payable17/49€14k€266k▲
Amounts payable after more than one year17-€229k
Financial debts170/4-€229k
Amounts payable within one year42/48€13k€38k▲
Current portion of amounts payable after more than one year42-€21k
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€4k€622▼
Taxes450/3€4k€622▼
Other amounts payable47/48€8k€13k▲
Accrued charges and deferred income492/3€750-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€61k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€2k€4k▲
Gross operating margin9900€27k€18k▼
Operating profit (loss)9901€5k€-46k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€85€1k▲
Recurring financial charges65€85€1k▲
Profit (loss) for the period before taxes9903€7k€-46k▼
Income taxes67/77€622-
Profit (loss) for the period9904€6k€-46k▼
Profit (loss) for the period to be appropriated9905€6k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-49k▼
Profit (loss) brought forward from the previous period14P-€-3k
Transfer from equity791/2-€49k
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
31-12
Financial
Weakest financial yearnet €-46k ▼841%
Net result drops to €-46k, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 5 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 164.74
Current ratio from 72.78 to 164.74; short-term debt falls from €9k to €4k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 72.78
Current ratio from 21.23 to 72.78; short-term debt falls from €33k to €9k.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-09-2025
Jean-Claude DECHAMPS: Resigned as Director
26-09-2025
Nicole HUBY: Resigned as Director
Location & real-estate footprint
Registered office, Malmedy · 2 establishment units since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
O l'z-Eyôs 54960 MalmedyGround area
43 m²
Building footprint
28 m²
Parcel 63049C0547/00A000, Wallonia. Linked by address, not a title deed.
2 establishment units
IMMOPAPE
since 20142.237.556.408
IMMOPAPE
since 20172.267.083.703
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049C0547/00A000 | Wallonia | 43 m² | 1 · 28 m² | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
52990029DCMAOWBL2Z54
Similar companies · same sector, comparable size
FORTVEGA
BE 0756.941.280
Overijse · Eq €375k
Verdonck Davy
BE 0831.743.623
Essen · Eq €375k
YASMIN SPELTENS
BE 0787.977.421
Pajottegem · Eq €376k
ALKA
BE 0475.904.368
Genk · Eq €376k
OZ TETIK
BE 0807.086.025
Sint-Joost-ten-Node · Eq €375k
Of 21,896 companies in sector 56112 we hold annual accounts for 9,784. 5,190 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-08-2014
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.