IMMOPYL
ActiveSummary
IMMOPYL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197,433 and a net result of €24,800. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 87% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-18
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 5.72 against 3.14 in 2024; short-term debt: 13.6% and cash: 54.2% of total assets), and 16.4% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
83.6%
Return on assets
10.5%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
61 d late
2023
29 d late
2022
72 d late
2021
31 d early
2020
87 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 30 August (4 of the last 5 filed years within 59 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€197,433▲ 6.9%
2024 · €184,633
Total assets
€236,159▼ 5.8%
2024 · €250,629
Net result
€24,800▼ 66.8%
2024 · €74,728
Working capital
€151,290▲ 19.5%
2024 · €126,645
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€13,239▲ 109%€4,192▼ 68.3%€44,375▲ 959%€104,546▲ 136%€33,400▼ 68.1%
Net result€9,853within the sector's middle half▲ 146%€24,619within the sector's middle half▲ 150%€31,574above the sector's middle half▲ 28.3%€74,728above the sector's middle half▲ 137%€24,800within the sector's middle half▼ 66.8%
Equity€53,711within the sector's middle half▲ 22.5%€78,330within the sector's middle half▲ 45.8%€109,904within the sector's middle half▲ 40.3%€184,633within the sector's middle half▲ 68.0%€197,433within the sector's middle half▲ 6.9%
Total assets€134,313below the sector's middle half▲ 8.4%€107,197below the sector's middle half▼ 20.2%€154,605within the sector's middle half▲ 44.2%€250,629within the sector's middle half▲ 62.1%€236,159within the sector's middle half▼ 5.8%
Debt€80,602▲ 0.7%€28,867▼ 64.2%€44,700▲ 54.8%€65,996▲ 47.6%€38,726▼ 41.3%
Working capital-€5,906within the sector's middle half▲ 79.7%€23,456within the sector's middle half€44,781within the sector's middle half▲ 90.9%€126,645above the sector's middle half▲ 183%€151,290above the sector's middle half▲ 19.5%
Solvency40.0%within the sector's middle half▲ 4.6pp73.1%above the sector's middle half▲ 33.1pp71.1%above the sector's middle half▼ 2.0pp73.7%above the sector's middle half▲ 2.6pp83.6%above the sector's middle half▲ 9.9pp
Current ratio0.92within the sector's middle half▲ 0.301.81within the sector's middle half▲ 0.892.19within the sector's middle half▲ 0.383.14above the sector's middle half▲ 0.945.72above the sector's middle half▲ 2.59
Return on assets (ROA)7.3%within the sector's middle half▲ 4.1pp23.0%above the sector's middle half▲ 15.6pp20.4%above the sector's middle half▼ 2.5pp29.8%above the sector's middle half▲ 9.4pp10.5%above the sector's middle half▼ 19.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
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 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €236,159
Fixed assets
€52,848 ▼ 18.3%
Current assets
€183,312 ▼ 1.4%
Equity and liabilities €236,159
Equity
€197,433 ▲ 6.9%
Debt
€38,726 ▼ 41.3%
Debt's share of the balance-sheet total falls from 26.3% to 16.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,244▼
2024 · €116,245
Cash flow
€36,645▼
2024 · €86,428
Debt to equity
0.20▼
2024 · 0.36
ROE
12.6%▼
2024 · 40.5%
Interest coverage
502.71▼
2024 · 948.86
Debt ≤ 1 year
€32,021▼
2024 · €59,291
Debt > 1 year
€6,705=
2024 · €6,705
Income taxes
€8,522▼
2024 · €29,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 34,696 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,072 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,615 | €8,260 | €9,435 | €11,700 | €11,845 | ▲ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €14,101 | -€9,636 | -€1,339 | -€40,040 | €31,021 | ▲ 177% |
| Other operating charges640/8 | €10,453 | €10,385 | €11,476 | €12,201 | €11,756 | ▼ 3.6% |
| Gross operating margin9900 | €51,407 | €13,201 | €63,947 | €88,406 | €88,022 | ▼ 0.4% |
| Operating profit (loss)9901 | €13,239 | €4,192 | €44,375 | €104,546 | €33,400 | ▼ 68.1% |
| Financial income75/76B | €1 | €31,241 | €0 | €0 | €13 | ▲ 4,436% |
| Recurring financial income75 | €1 | €467 | €0 | €0 | €13 | ▲ 4,436% |
| Non-recurring financial income76B | - | €30,775 | - | - | - | - |
| Financial charges65/66B | €79 | €415 | €369 | €123 | €90 | ▼ 26.5% |
| Recurring financial charges65 | €79 | €415 | €369 | €123 | €90 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €13,161 | €35,018 | €44,006 | €104,424 | €33,322 | ▼ 68.1% |
| Income taxes67/77 | €3,307 | €10,399 | €12,432 | €29,695 | €8,522 | ▼ 71.3% |
| Profit (loss) for the period9904 | €9,853 | €24,619 | €31,574 | €74,728 | €24,800 | ▼ 66.8% |
| Profit (loss) for the period to be appropriated9905 | €9,853 | €24,619 | €31,574 | €74,728 | €24,800 | ▼ 66.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,313 | €107,197 | €154,605 | €250,629 | €236,159 | ▼ 5.8% |
| Fixed assets21/28 | €63,134 | €54,874 | €72,297 | €64,692 | €52,848 | ▼ 18.3% |
| Tangible fixed assets22/27 | €63,134 | €54,874 | €72,297 | €64,692 | €52,848 | ▼ 18.3% |
| Land and buildings22 | €41,702 | €37,252 | €34,426 | €31,925 | €29,423 | ▼ 7.8% |
| Plant, machinery and equipment23 | €21,432 | €17,622 | €23,615 | €22,599 | €17,344 | ▼ 23.3% |
| Furniture and vehicles24 | €0 | - | €14,256 | €10,168 | €6,081 | ▼ 40.2% |
| Current assets29/58 | €71,179 | €52,323 | €82,308 | €185,936 | €183,312 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €32,158 | €12,616 | €17,794 | €52,707 | €53,972 | ▲ 2.4% |
| Trade receivables40 | €25,364 | €9,930 | €16,980 | €52,707 | €41,741 | ▼ 20.8% |
| Other amounts receivable41 | €6,795 | €2,686 | €814 | - | €12,231 | - |
| Cash at bank and in hand54/58 | €37,083 | €37,923 | €63,175 | €131,921 | €127,896 | ▼ 3.1% |
| Deferred charges and accrued income490/1 | €1,938 | €1,784 | €1,338 | €1,308 | €1,444 | ▲ 10.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,313 | €107,197 | €154,605 | €250,629 | €236,159 | ▼ 5.8% |
| Equity10/15 | €53,711 | €78,330 | €109,904 | €184,633 | €197,433 | ▲ 6.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €9,268 | €9,268 | €9,268 | €9,268 | €9,268 | = |
| Non-distributable reserves130/1 | €1,315 | €1,315 | €1,315 | €1,315 | €1,315 | = |
| Reserves not available under the articles1311 | €1,315 | €1,315 | €1,315 | €1,315 | €1,315 | = |
| Tax-exempt reserves132 | €7,953 | €7,953 | €7,953 | €7,953 | €7,953 | = |
| Profit (loss) carried forward14 | €25,893 | €50,512 | €82,086 | €156,815 | €169,615 | ▲ 8.2% |
| Amounts payable17/49 | €80,602 | €28,867 | €44,700 | €65,996 | €38,726 | ▼ 41.3% |
| Amounts payable after more than one year17 | - | - | €6,705 | €6,705 | €6,705 | = |
| Other amounts payable178/9 | - | - | €6,705 | €6,705 | €6,705 | = |
| Amounts payable within one year42/48 | €77,085 | €28,867 | €37,527 | €59,291 | €32,021 | ▼ 46.0% |
| Trade debts44 | €9,753 | €7,814 | €9,172 | €1,606 | €3,695 | ▲ 130% |
| Suppliers440/4 | €9,753 | €7,814 | €9,172 | €1,606 | €3,695 | ▲ 130% |
| Advances received on contracts in progress46 | - | - | - | €23,998 | €7,011 | ▼ 70.8% |
| Taxes, remuneration and social security45 | €2,054 | €12,457 | €19,331 | €21,945 | €892 | ▼ 95.9% |
| Taxes450/3 | €2,054 | €12,457 | €19,331 | €21,945 | €892 | ▼ 95.9% |
| Other amounts payable47/48 | €65,278 | €8,597 | €9,023 | €11,742 | €20,424 | ▲ 73.9% |
| Accrued charges and deferred income492/3 | €3,517 | - | €469 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,853 | €24,619 | €31,574 | €74,728 | €24,800 | ▼ 66.8% |
| + Depreciation and write-downs630 | €13,615 | €8,260 | €9,435 | €11,700 | €11,845 | ▲ 1.2% |
| Operating cash flow (approximation) | €23,468 | €32,879 | €41,010 | €86,428 | €36,645 | ▼ 57.6% |
| Investment in fixed assets (approximation) | - | €0 | -€26,858 | -€4,095 | €0 | ▲ 100% |
| Change in cash | - | €840 | €25,253 | €68,745 | -€4,025 | ▼ 106% |
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
16-09
State Gazette act
Reappointment: COOMANS de BRACHÈNE Raoul Yvonne Oscar Marie Thérèse Emanuel Ghislain (non-statutory director)Statutes amendment · Capital conversion · Reserve release10 facts ▸
State Gazette act
Reappointment: COOMANS de BRACHÈNE Raoul Yvonne Oscar Marie Thérèse Emanuel Ghislain (non-statutory director)
Statutes amendment · Capital conversion · Reserve release10 facts ▸
- General meeting, 11-09-2026
- Statutes amendment
- Capital conversion, compte de capitaux propres statutairement indisponible
- Capital conversion, compte de capitaux propres 'apports non appelés'
- Reserve release, 11-09-2026
- Statutes amendment
- Capital
- Director reappointment, COOMANS de BRACHÈNE Raoul Yvonne Oscar Marie Thérèse Emanuel Ghislain (non-statutory director)
- Power of attorney
- Power of attorney, Pauline FRANCKX
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €74,728 ▲137%
Operating result €104,546, net result €74,728, both a record.
31-12
Financial
Equity above €150,000Eq €184,633 ▲68%
7 profitable years in a row build equity to €184,633.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Equity above €100,000Eq €109,904 ▲40.3%
6 profitable years in a row build equity to €109,904.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 68 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not 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
1 director, last change in 2026
COOMANS de BRACHÈNE Raoul Yvonne Oscar Marie Thérèse Emanuel Ghislain
CurrentNon-statutory director · since 11-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 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, Beloeil · 1 establishment unit since 2010
Ground area
4,198 m²
Building footprint
131 m²
Parcel 51007C0702/00R000, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMMOPYL
since 20102.197.506.096
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51007C0702/00R000 | Wallonia | 4,198 m² | 1 · 131 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COOMANS de BRACHÈNE Raoul Yvonne Oscar Marie Thérèse Emanuel Ghislain |
|
Articles of association
Duration
Unlimited
Purpose
Toutes opérations immobilières, y compris celles se rapportant à tous droits réels immobiliers comme, entre autres, l’emphytéose, et toutes études ayant trait à tous biens et/ou à…
Full purpose (5 activities)
- Toutes opérations immobilières, y compris celles se rapportant à tous droits réels immobiliers comme, entre autres, l’emphytéose, et toutes études ayant trait à tous biens et/ou à tous droits immobiliers, par nature, par incorporation ou par destination, et aux biens et/ou à tous droits mobiliers qui en découlent, ainsi que toutes opérations civiles, commerciales, industrielles ou financières, qui s'y rapportent directement ou indirectement, comme, à titre d'exemple, l'achat, la mise en valeur, le lotissement, l'échange, l'amélioration, la location meublée ou non, la vente, la cession, la gestion, la transformation, la construction et la destruction de biens immobiliers et mobiliers
- L'investissement, la souscription, la prise ferme, le placement, la vente, l'achat et la négociation d'actions, parts, obligations, certificats, crédits, monnaies et autres valeurs mobilières émises par des entreprises belges ou étrangères et qu'elles aient ou non un statut juridique (semi)-publique
- La gestion des investissements et des participations dans des sociétés-filles, l'exercice de fonctions d'administration, la fourniture de conseils, management et autres services de même nature que les activités de la société. Ces services peuvent être fournis sur une base contractuelle ou statutaire et en la qualité de conseiller externe ou d'organe
- Toutes entreprises, initiatives ou opérations visant à acquérir ou aliéner tous immeubles, ainsi qu'à procéder à tous lotissements, mises en valeur, promotion, location, gestion et rénovation de tous immeubles bâtis et non bâtis, et ce exclusivement à titre patrimonial
- Accorder des prêts et avances sous quelle forme ou quelle durée que ce soit, à toutes les entreprises liées ou entreprises dans lesquelles elle possède une participation, ainsi que garantir tous les engagements des mêmes entreprises
Legal form clause
ARTICLE 1, société à responsabilité limitée
Name clause
Registered office clause
Région wallonne, ARTICLE 2
Financial instrument
One provision in the deed
Share issue rule
Appels de fonds complémentaires, ARTICLE 7
1 more provision on this in the deed
Authorised capital
One provision in the deed
Other statement
Pour tout ce qui n'a pas été prévu aux présents statuts, les parties déclarent s'en référer au Code des sociétés et des associations
18 more provisions on this in the deed
Transfer restriction
7 provisions in the deed
Board composition
One provision in the deed
Board rule
Tout administrateur peut donner à un de ses collègues, par écrit ou tout autre moyen de communication ayant un support matériel, mandat pour le représenter à un…
5 more provisions on this in the deed
Auditor rule
One provision in the deed
General meeting rule
One provision in the deed
Written decisions
One provision in the deed
Proxy rule
One provision in the deed
Records rule
One provision in the deed
Adjournment rule
One provision in the deed
Dissolution rule
One provision in the deed
Liquidation distribution
One provision in the deed
Other provisions
Acte authentique, apports supplémentaires sans émission d’actions nouvelles
L’assemblée générale a le pouvoir de décider, dans les limites fixées par la loi, de l’affectation du bénéfice et du montant des distributions, distribution
6 more provisions in the deed, see the deed of 16-09-2026
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Capital over the years
- 16-09-2026 Converted to unavailable equity
- 16-09-2026 Converted to uncalled contributions
Similar companies · same sector, comparable size
RC-Invest
BE 0680.591.194
Schilde · Eq €197,655
SPLP
BE 0761.429.511
Kortrijk · Eq €197,158
VDA-VASTGOED
BE 0436.296.595
Ninove · Eq €197,874
Dudenvest
BE 0425.467.140
La Louvière · Eq €197,907
L. M. & D. PROJECT
BE 0440.117.110
Brasschaat · Eq €197,920
Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,772 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
Founded07-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0830145301
Also
9925:BE0830145301
Registered
24-12-2025
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.