IMMOPASS
ActiveSummary
The annual accounts of IMMOPASS for fiscal year 2025 show a net loss of 94% of the equity at the start of that year. The 2025 annual accounts show equity of €14k and a net result of €-233k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 3200 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-69
Solvency27▼-22
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.44 against 1.96 in 2024; short-term debt: 55.6% and cash: 6.9% of total assets), and 97.8% of the assets are financed with debt.
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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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
-35.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 3200 sector peers (2025).
NBB · sector comparisonPosition among 3200 sector peers
Solvency
better than 10%
← weakest
strongest →
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 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
42 d early
2023
8 d early
2022
4 d late
2021
34 d early
2020
60 d early
2019
59 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-233k
2024 · €68k
Working capital
€163k▼ 66.6%
2024 · €487k
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€-311k▼ 36.4%€-201k▲ 35.6%€-129k▲ 35.8%€86k€-216k
Net result€-313k▼ 36.6%€-207k▲ 33.7%€-134k▲ 35.2%€68k€-233k
Equity€59k▼ 84.2%€-149k€-283k▼ 90.4%€248k€14k▼ 94.2%
Total assets€93k▼ 76.5%€281k▲ 202%€365k▲ 29.9%€1.02M▲ 181%€657k▼ 35.9%
Debt€34k▼ 22.4%€430k▲ 1,148%€648k▲ 50.8%€777k▲ 19.9%€643k▼ 17.3%
Working capital€50k▼ 85.3%€106k▲ 113%€35k▼ 67.1%€487k▲ 1,294%€163k▼ 66.6%
Staff (FTE)11.7▲ 70.0%2.9▲ 70.6%6.9▲ 138%9.1▲ 31.9%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €216k after €86k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €657k
Fixed assets
€129k ▲ 335%
Current assets
€528k ▼ 46.9%
Equity and liabilities €657k
Equity
€14k ▼ 94.2%
Debt
€643k ▼ 17.3%
Debt's share of the balance-sheet total rises from 75.8% to 97.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-200k▼
2024 · €89k
Cash flow
€-217k▼
2024 · €71k
Current ratio
1.44▼
2024 · 1.96
Debt to equity
44.59▲
2024 · 3.14
ROA
-35.5%▼
2024 · 6.6%
Interest coverage
-10.99▼
2024 · 5.09
Debt ≤ 1 year
€365k▼
2024 · €508k
Debt > 1 year
€275k▲
2024 · €266k
Income taxes
€2k▲
2024 · €1k
Staff costs
€695k▲
2024 · €550k
A ratio outside any meaningful range has been withheld (balance sheet total €657k, equity €14k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1 | - |
| Remuneration, social security and pensions62 | €29k | €139k | €232k | €550k | €695k | ▲ 26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €5k | €4k | €3k | €16k | ▲ 416% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €25k | €16k | ▼ 35.7% |
| Other operating charges640/8 | €964 | €3k | €4k | €1k | €4k | ▲ 233% |
| Gross operating margin9900 | €-275k | €-54k | €111k | €665k | €515k | ▼ 22.5% |
| Operating profit (loss)9901 | €-311k | €-201k | €-129k | €86k | €-216k | ▼ 353% |
| Financial income75/76B | €50 | - | €17 | €758 | €3k | ▲ 285% |
| Recurring financial income75 | €50 | - | €17 | €758 | €3k | ▲ 285% |
| Financial charges65/66B | €1k | €6k | €5k | €17k | €18k | ▲ 4.5% |
| Recurring financial charges65 | €1k | €6k | €5k | €17k | €18k | ▲ 4.5% |
| Profit (loss) for the period before taxes9903 | €-313k | €-207k | €-134k | €69k | €-232k | ▼ 436% |
| Income taxes67/77 | €137 | €259 | €304 | €1k | €2k | ▲ 21.6% |
| Profit (loss) for the period9904 | €-313k | €-207k | €-134k | €68k | €-233k | ▼ 445% |
| Profit (loss) for the period to be appropriated9905 | €-313k | €-207k | €-134k | €68k | €-233k | ▼ 445% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €281k | €365k | €1.02M | €657k | ▼ 35.9% |
| Fixed assets21/28 | €9k | €5k | €7k | €30k | €129k | ▲ 335% |
| Intangible fixed assets21 | €7k | €3k | €182 | €4 | €78k | ▲ 2,228,471% |
| Tangible fixed assets22/27 | €1k | €2k | €2k | €29k | €50k | ▲ 71.1% |
| Plant, machinery and equipment23 | - | - | - | €2k | €30k | ▲ 1,147% |
| Furniture and vehicles24 | €1k | €2k | €2k | €27k | €20k | ▼ 26.4% |
| Financial fixed assets28 | €288 | - | €4k | €470 | €1k | ▲ 156% |
| Current assets29/58 | €84k | €276k | €358k | €995k | €528k | ▼ 46.9% |
| Amounts receivable within one year40/41 | €64k | €249k | €327k | €548k | €344k | ▼ 37.2% |
| Trade receivables40 | €54k | €247k | €321k | €545k | €339k | ▼ 37.9% |
| Other amounts receivable41 | €10k | €3k | €6k | €3k | €5k | ▲ 94.0% |
| Current investments50/53 | €337 | €25 | €25 | €398k | €103k | ▼ 74.1% |
| Cash at bank and in hand54/58 | €12k | €23k | €23k | €31k | €46k | ▲ 45.9% |
| Deferred charges and accrued income490/1 | €8k | €4k | €8k | €18k | €35k | ▲ 99.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €281k | €365k | €1.02M | €657k | ▼ 35.9% |
| Equity10/15 | €59k | €-149k | €-283k | €248k | €14k | ▼ 94.2% |
| Contributions10/11 | €669k | €669k | €669k | €1.13M | €1.13M | = |
| Profit (loss) carried forward14 | €-611k | €-818k | €-952k | €-885k | €-1.12M | ▼ 26.4% |
| Amounts payable17/49 | €34k | €430k | €648k | €777k | €643k | ▼ 17.3% |
| Amounts payable after more than one year17 | - | €260k | €325k | €266k | €275k | ▲ 3.2% |
| Financial debts170/4 | - | €260k | €325k | €266k | €275k | ▲ 3.2% |
| Amounts payable within one year42/48 | €34k | €170k | €323k | €508k | €365k | ▼ 28.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8k | €20k | ▲ 153% |
| Financial debts43 | €2k | €3k | €5k | €5k | €3k | ▼ 50.3% |
| Credit institutions430/8 | €2k | €3k | €5k | €5k | €3k | ▼ 50.3% |
| Trade debts44 | €26k | €130k | €265k | €393k | €248k | ▼ 36.8% |
| Suppliers440/4 | €26k | €130k | €265k | €393k | €248k | ▼ 36.8% |
| Taxes, remuneration and social security45 | €4k | €34k | €52k | €101k | €94k | ▼ 7.4% |
| Taxes450/3 | €137 | €9k | €28k | €42k | €43k | ▲ 3.1% |
| Remuneration and social security454/9 | €4k | €25k | €24k | €60k | €51k | ▼ 14.7% |
| Other amounts payable47/48 | €2k | €3k | €445 | €604 | €150 | ▼ 75.2% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | €3k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-313k | €-207k | €-134k | €68k | €-233k | ▼ 445% |
| + Depreciation and write-downs630 | €7k | €5k | €4k | €3k | €16k | ▲ 416% |
| Operating cash flow (approximation) | €-306k | €-202k | €-130k | €71k | €-217k | ▼ 407% |
| Investment in fixed assets (approximation) | - | €-1k | €-6k | €-26k | €-116k | ▼ 349% |
| Change in cash | - | €10k | €9 | €9k | €14k | ▲ 64.0% |
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
30-07
State Gazette act
Resignation: IMMOPASS (director)Appointment: IMMOPASS (director)6 facts ▸
State Gazette act
Resignation: IMMOPASS (director)
Appointment: IMMOPASS (director)6 facts ▸
- General meeting, 24-04-2026
- Director resignation, IMMOPASS (director)
- Director resignation, IMMOPASS (director)
- Director resignation, IMMOPASS (director)
- Director appointment, IMMOPASS (director)
- Director appointment, IMMOPASS (managing director)
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €68k
Net result €68k after 5 loss-making years.
31-12
Financial
Equity above €200kEq €248k
Equity rises from €-283k to €248k.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-313k
Net result drops to €-313k, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 28current ratio 8.72
Current ratio from 0.31 to 8.72.
31-12
Financial
Equity above €200kEq €371k
Equity rises from €-25k to €371k.
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Nicolas Biquet
CurrentManaging director · since 24-04-2026
Thomas DEVILLE
CurrentDirector · since 24-04-2026
24-04-2026
Nicolas Biquet: Appointed as Managing director
24-04-2026
Thomas DEVILLE: Appointed as Director
11-03-2026
Dirk Vanderschrick: Resigned as Director
09-03-2026
Stefaan De Kezel: Resigned as Director
31-12-2025
Marc Guilmot: Resigned as Director
Not every act has been read: a resignation may be missing here
7 of this company's 8 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, Elsene · 1 establishment unit since 2018
Ground area
7,406 m²
Building footprint
1,655 m²
Volume, LiDAR
29,823 m³
Parcel 21446F0030/00A000, Brussels · tallest building 28.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
IMMOPASS
since 20182.284.102.154
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446F0030/00A000 | Brussels | 7,406 m² | 1 · 1,655 m² | 28.5 m · 6 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Sun Is Up Wallonia
via Thomas DEVILLE · Director
→
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 27,044 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.