IMMOPHAR
ActiveSummary
IMMOPHAR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449,152 and a net result of €1,429. Equity remains stable across the filed fiscal years (±2.2% per year). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+1
Solvency69▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.2 in 2024; short-term debt: 36.1% and cash: 1.1% of total assets), and 55.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
44.4%
Return on assets
0.1%
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 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
34 d early
2023
19 d early
2022
34 d early
2021
38 d early
2020
1 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 21 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€449,152▲ 0.3%
2024 · €447,723
Total assets
€1.0m▼ 2.1%
2024 · €1.0m
Net result
€1,429
2024 · -€2,913
Working capital
€79,588▲ 7.4%
2024 · €74,072
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€38,339▼ 13,276%-€2,666▲ 93.0%-€24,645▼ 824%-€83▲ 99.7%€5,956
Net result-€28,292▼ 403%-€5,752▲ 79.7%-€29,980▼ 421%-€2,913▲ 90.3%€1,429
Equity€486,368▼ 4.0%€480,616▼ 1.2%€450,636▼ 6.2%€447,723▼ 0.6%€449,152▲ 0.3%
Total assets€1.3m▼ 22.7%€1.3m▼ 3.7%€1.3m▲ 1.6%€1.0m▼ 19.0%€1.0m▼ 2.1%
Debt€745,258▼ 27.4%€704,176▼ 5.5%€755,062▲ 7.2%€539,327▼ 28.6%€528,918▼ 1.9%
Working capital€191,509▲ 114%€153,591▼ 19.8%€91,972▼ 40.1%€74,072▼ 19.5%€79,588▲ 7.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €5,956 after a loss of €83 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€567,647 ▼ 2.8%
Current assets
€444,694 ▼ 1.1%
Equity and liabilities €1.0m
Equity
€449,152 ▲ 0.3%
Provisions
€34,271 ▼ 26.5%
Debt
€528,918 ▼ 1.9%
Debt's share of the balance-sheet total rises from 52.2% to 52.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,619▲
2024 · €42,421
Cash flow
€45,091▲
2024 · €39,590
Current ratio
1.22▲
2024 · 1.20
Debt to equity
1.18▼
2024 · 1.20
ROE
0.3%▲
2024 · -0.7%
ROA
0.1%▲
2024 · -0.3%
Interest coverage
9.99▲
2024 · 7.07
Debt ≤ 1 year
€365,106▼
2024 · €375,357
Debt > 1 year
€146,778▼
2024 · €163,971
Income taxes
€854▲
2024 · €844
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 14,732 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,728 | €28,044 | €30,445 | €42,504 | €43,663 | ▲ 2.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€22,500 | - | - |
| Other operating charges640/8 | - | €8,078 | €8,736 | €6,160 | €8,268 | ▲ 34.2% |
| Gross operating margin9900 | -€10,630 | €33,456 | €14,536 | €26,081 | €57,887 | ▲ 122% |
| Operating profit (loss)9901 | -€38,339 | -€2,666 | -€24,645 | -€83 | €5,956 | ▲ 7,307% |
| Financial income75/76B | - | €2,697 | - | €2,725 | €0 | ▼ 100.0% |
| Recurring financial income75 | €2,688 | €2,697 | - | €2,725 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €5,729 | €5,967 | €6,004 | €4,967 | ▼ 17.3% |
| Recurring financial charges65 | €14,248 | €5,729 | €5,967 | €6,004 | €4,967 | ▼ 17.3% |
| Profit (loss) for the period before taxes9903 | -€49,900 | -€5,699 | -€30,612 | -€3,362 | €990 | ▲ 129% |
| Transfer from deferred taxes780 | - | €1,293 | €1,293 | €1,293 | €1,293 | = |
| Income taxes67/77 | €52,526 | €1,345 | €661 | €844 | €854 | ▲ 1.1% |
| Profit (loss) for the period9904 | -€28,292 | -€5,752 | -€29,980 | -€2,913 | €1,429 | ▲ 149% |
| Transfer from tax-exempt reserves789 | - | €3,878 | €3,878 | €3,878 | €3,878 | = |
| Profit (loss) for the period to be appropriated9905 | €148,995 | -€1,874 | -€26,102 | €965 | €5,307 | ▲ 450% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | €1.0m | €1.0m | ▼ 2.1% |
| Fixed assets21/28 | €592,813 | €576,647 | €625,651 | €584,275 | €567,647 | ▼ 2.8% |
| Tangible fixed assets22/27 | €592,813 | €576,647 | €625,651 | €584,275 | €567,647 | ▼ 2.8% |
| Land and buildings22 | - | €541,542 | €524,780 | €508,018 | €491,256 | ▼ 3.3% |
| Plant, machinery and equipment23 | - | €1,034 | €1,483 | €1,924 | €2,639 | ▲ 37.1% |
| Furniture and vehicles24 | - | €34,071 | €99,388 | €74,333 | €73,752 | ▼ 0.8% |
| Current assets29/58 | €711,844 | €679,883 | €650,493 | €449,428 | €444,694 | ▼ 1.1% |
| Amounts receivable after more than one year29 | - | €63,145 | €63,145 | €63,145 | €63,145 | = |
| Other amounts receivable291 | - | €63,145 | €63,145 | €63,145 | €63,145 | = |
| Amounts receivable within one year40/41 | €629,748 | €600,598 | €577,314 | €376,645 | €361,805 | ▼ 3.9% |
| Trade receivables40 | - | - | - | €2,100 | - | - |
| Other amounts receivable41 | - | €600,598 | €577,314 | €374,545 | €361,805 | ▼ 3.4% |
| Cash at bank and in hand54/58 | €5,011 | €4,454 | €421 | €287 | €10,677 | ▲ 3,614% |
| Deferred charges and accrued income490/1 | - | €11,686 | €9,612 | €9,350 | €9,067 | ▼ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | €1.0m | €1.0m | ▼ 2.1% |
| Equity10/15 | €486,368 | €480,616 | €450,636 | €447,723 | €449,152 | ▲ 0.3% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €386,368 | €380,616 | €350,636 | €347,723 | €349,152 | ▲ 0.4% |
| Non-distributable reserves130/1 | - | €11,400 | €11,400 | €11,400 | €11,400 | = |
| Legal reserve130 | - | €11,400 | €11,400 | €11,400 | €11,400 | = |
| Tax-exempt reserves132 | - | €88,741 | €84,863 | €80,985 | €77,107 | ▼ 4.8% |
| Distributable reserves133 | - | €280,476 | €254,374 | €255,338 | €260,645 | ▲ 2.1% |
| Profit (loss) carried forward14 | €30,973 | - | - | - | - | - |
| Provisions and deferred taxes16 | €73,031 | €71,738 | €70,446 | €46,653 | €34,271 | ▼ 26.5% |
| Provisions for liabilities and charges160/5 | - | €45,000 | €45,000 | €22,500 | €11,411 | ▼ 49.3% |
| Major repairs and maintenance162 | - | €45,000 | €45,000 | €22,500 | €11,411 | ▼ 49.3% |
| Deferred taxes168 | - | €26,738 | €25,446 | €24,153 | €22,860 | ▼ 5.4% |
| Amounts payable17/49 | €745,258 | €704,176 | €755,062 | €539,327 | €528,918 | ▼ 1.9% |
| Amounts payable after more than one year17 | €223,585 | €172,672 | €195,673 | €163,971 | €146,778 | ▼ 10.5% |
| Financial debts170/4 | - | €171,972 | €195,673 | €163,971 | €146,778 | ▼ 10.5% |
| Other amounts payable178/9 | - | €700 | - | - | - | - |
| Amounts payable within one year42/48 | €520,335 | €526,292 | €558,521 | €375,357 | €365,106 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | - | €52,992 | €38,845 | €31,702 | €40,873 | ▲ 28.9% |
| Trade debts44 | €26,069 | €22,273 | €38,255 | €26,184 | €11,188 | ▼ 57.3% |
| Suppliers440/4 | - | €22,273 | €38,255 | €26,184 | €11,188 | ▼ 57.3% |
| Taxes, remuneration and social security45 | - | €53,871 | €661 | €844 | €854 | ▲ 1.2% |
| Taxes450/3 | - | €53,871 | €661 | €844 | €854 | ▲ 1.2% |
| Other amounts payable47/48 | - | €397,156 | €480,761 | €316,627 | €312,192 | ▼ 1.4% |
| Accrued charges and deferred income492/3 | - | €5,212 | €868 | - | €17,034 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,292 | -€5,752 | -€29,980 | -€2,913 | €1,429 | ▲ 149% |
| + Depreciation and write-downs630 | €20,728 | €28,044 | €30,445 | €42,504 | €43,663 | ▲ 2.7% |
| Operating cash flow (approximation) | -€7,564 | €22,292 | €465 | €39,590 | €45,091 | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | -€11,878 | -€79,449 | -€1,128 | -€27,034 | ▼ 2,297% |
| Change in cash | - | -€557 | -€4,033 | -€134 | €10,389 | ▲ 7,873% |
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
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €1,429
Net result €1,429 after 5 loss-making years.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €21,042
Net result €21,042 after one loss-making year.
30-09
Financial
Equity above €500,000Eq €512,386 ▲8.2%
Equity rises from €473,692 to €512,386.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Kortrijk · 1 establishment unit since 1992
Ground area
5,736 m²
Building footprint
782 m²
Volume, LiDAR
8,214 m³
2 parcels, Flanders · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Oude Leielaan 90, 8930 Menen
since 19922.059.166.379
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34027E0962/00C003 | Flanders | 4,367 m² | 1 · 499 m² | 17.4 m · 5 fl. |
| 34352C0400/00Y000 | Flanders | 1,369 m² | 1 · 283 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPublic limited company
Founded04-05-1992
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447336680
Also
9925:BE0447336680
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.