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IMMORA

Open bankruptcy
Public limited companyfounded 1987Sint-Martensstraat 8, 9000 Gent, BelgiumKBO/BCE: BE 0433.043.830

A bankruptcy procedure is open for IMMORA according to publications in the Belgian State Gazette; curator: PIETER HUYGHE.

Summary

The 2024 annual accounts show negative equity (-€677,347) and a net result of -€604.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Ghent, Ghent division
Declared bankrupt
25 March 2025
Supervising judge
Pascale Hoste
Official Gazette
31-03-2025 (pdf) ↗search the document for 2025/113186

Deadlines

Provisional date payments stopped
17 March 2025Payments and security you received since that day can in some cases be challenged by the curator. A later judgment can change the date.art. XX.105, XX.111 and XX.112 CEL
Appeal or third-party opposition until
passed on 15 April 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 24 April 2025art. XX.104 and XX.155 CEL
First verification report
passed on 29 April 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
passed on 25 March 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Pieter HuygheSavaanstraat 72, 9000 Gentpieterhuyghe@kantoortorrekens.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
182022232324
2018 to 2024 · latest year -€677,347
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2024 was due by 31-05-2025 and was filed on 18-03-2025, 74 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
74 d early
2023
13 d late
2023
214 d late
2022
15 d early
2020
56 d late
2018
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 37 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 December 1987, IMMORA was incorporated.1 Total assets went from EUR 2.1 million in 2018 to EUR 757,307 in 2024.2 The company was declared bankrupt on 25 March 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024
  3. 3Belgian State Gazette, 31-03-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity
-€677,347▼ 0.1%
2023 · -€676,743
Total assets
€757,307▼ 0.4%
2023 · €759,982
Net result
-€604▲ 97.4%
2023 · -€22,823
Working capital
€231,389▼ 16.8%
2023 · €277,993
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
Line20202022202320232024
Operating result-€658,886--€143,675--€7,649▲ 94.7%-€14,506-€16,488
Net result-€482,123--€222,895--€21,256▲ 90.5%-€22,823--€604▲ 97.4%
Equity-€409,770--€632,665--€653,920▼ 3.4%-€676,743--€677,347▼ 0.1%
Total assets€1.1m-€790,662-€771,815▼ 2.4%€759,982-€757,307▼ 0.4%
Debt€422,455-€576,327-€573,736▼ 0.4%€584,725-€628,654▲ 7.5%
Working capital-€123,665-€316,821-€300,815▼ 5.1%€277,993-€231,389▼ 16.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2023 Net result +90% on 2022. This fiscal year ran 5 months, the previous one 23.
Result per fiscal year
Operating resultNet result
-€800,000-€600,000-€400,000-€200,000€0Operating result 2020: -€658,886-€658,886Net result 2020: -€482,123-€482,123Operating result 2022: -€143,675-€143,675Net result 2022: -€222,895-€222,895Operating result 2023: -€7,649-€7,649Net result 2023: -€21,256-€21,256Operating result 2023: -€14,506-€14,506Net result 2023: -€22,823-€22,823Operating result 2024: €16,488€16,488Net result 2024: -€604-€60420202022202320232024-€30,000-€20,000-€10,000€0€10,000€20,000Operating result 2023: -€7,649-€7,650Net result 2023: -€21,256-€21,300Operating result 2023: -€14,506-€14,500Net result 2023: -€22,823-€22,800Operating result 2024: €16,488€16,500Net result 2024: -€604-€604202320232024
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Key figures and ratios
2024 value · change against 2023
Solvency
-89.4%▼
2023 · -89.0%
Current ratio
1.44▼
2023 · 1.58
Debt to equity
-0.93▼
2023 · -0.86
ROA
-0.1%▲
2023 · -3.0%
Debt ≤ 1 year
€525,918▲
2023 · €481,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€759,982€757,307▼
Current assets29/58€759,982€757,307▼
Amounts receivable within one year40/41€1,400-
Other amounts receivable41€1,400-
Cash at bank and in hand54/58€758,582€757,307▼
Equity and liabilities
Total equity and liabilities10/49€759,982€757,307▼
Equity10/15-€676,743-€677,347▼
Contributions10/11€780,865€780,865=
Capital10€780,865€780,865=
Issued capital100€780,865€780,865=
Reserves13€28,243€28,243=
Distributable reserves133€28,243€28,243=
Profit (loss) carried forward14-€1.5m-€1.5m=
Provisions and deferred taxes16€852,000€806,000▼
Provisions for liabilities and charges160/5€852,000€806,000▼
Other liabilities and charges164/5€852,000€806,000▼
Amounts payable17/49€584,725€628,654▲
Amounts payable within one year42/48€481,989€525,918▲
Financial debts43-€12,855
Credit institutions430/8-€12,855
Trade debts44€1,400€15,835▲
Suppliers440/4€1,400€15,835▲
Taxes, remuneration and social security45€435,000€435,000=
Taxes450/3€435,000€435,000=
Other amounts payable47/48€45,589€62,228▲
Accrued charges and deferred income492/3€102,736€102,736=
Income statement Code20232024
Provisions for liabilities and charges: additions (uses and reversals)635/8--€46,000
Other operating charges640/8€132€141▲
Gross operating margin9900-€14,375-€29,372▼
Operating profit (loss)9901-€14,506€16,488▲
Financial charges65/66B€8,316€17,092▲
Recurring financial charges65€8,316€17,092▲
Profit (loss) for the period before taxes9903-€22,823-€604▲
Profit (loss) for the period9904-€22,823-€604▲
Profit (loss) for the period to be appropriated9905-€22,823-€604▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.5m-€1.5m=
Profit (loss) brought forward from the previous period14P-€1.5m-€1.5m▼
Line20202022202320232024Change
Remuneration, social security and pensions62--€8,362----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98,196-----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€156,706----
Provisions for liabilities and charges: additions (uses and reversals)635/8-----€46,000-
Other operating charges640/8-€156,416-€132€141▲ 6.7%
Gross operating margin9900-€62,665-€152,327-€7,649-€14,375-€29,372▼ 104%
Operating profit (loss)9901-€658,886-€143,675-€7,649-€14,506€16,488▲ 214%
Financial income75/76B-€108,487----
Recurring financial income75-€983----
Non-recurring financial income76B-€107,504----
Financial charges65/66B-€32,789€8,607€8,316€17,092▲ 106%
Recurring financial charges65€39,215€32,789€8,607€8,316€17,092▲ 106%
Profit (loss) for the period before taxes9903-€697,762-€67,977-€16,256-€22,823-€604▲ 97.4%
Transfer from deferred taxes780-€374,439----
Income taxes67/77€15,920€529,357€5,000---
Profit (loss) for the period9904-€482,123-€222,895-€21,256-€22,823-€604▲ 97.4%
Transfer from tax-exempt reserves789-€891,411----
Profit (loss) for the period to be appropriated9905€69,140€668,516-€21,256-€22,823-€604▲ 97.4%
Line20202022202320232024Change
Assets
Total assets20/58€1.1m€790,662€771,815€759,982€757,307▼ 0.4%
Fixed assets21/28€960,615-----
Tangible fixed assets22/27€960,615-----
Current assets29/58€183,509€790,662€771,815€759,982€757,307▼ 0.4%
Amounts receivable within one year40/41€1,198€29,972€13,654€1,400--
Other amounts receivable41-€29,972€13,654€1,400--
Cash at bank and in hand54/58€182,311€760,690€758,161€758,582€757,307▼ 0.2%
Equity and liabilities
Total equity and liabilities10/49€1.1m€790,662€771,815€759,982€757,307▼ 0.4%
Equity10/15-€409,770-€632,665-€653,920-€676,743-€677,347▼ 0.1%
Contributions10/11€780,865€780,865€780,865€780,865€780,865=
Capital10-€780,865€780,865€780,865€780,865=
Issued capital100-€780,865€780,865€780,865€780,865=
Reserves13€919,653€28,243€28,243€28,243€28,243=
Distributable reserves133-€28,243€28,243€28,243€28,243=
Profit (loss) carried forward14-€2.1m-€1.4m-€1.5m-€1.5m-€1.5m=
Provisions and deferred taxes16€1.1m€847,000€852,000€852,000€806,000▼ 5.4%
Provisions for liabilities and charges160/5-€847,000€852,000€852,000€806,000▼ 5.4%
Other liabilities and charges164/5-€847,000€852,000€852,000€806,000▼ 5.4%
Amounts payable17/49€422,455€576,327€573,736€584,725€628,654▲ 7.5%
Amounts payable after more than one year17€12,545-----
Amounts payable within one year42/48€307,174€473,841€471,000€481,989€525,918▲ 9.1%
Financial debts43----€12,855-
Credit institutions430/8----€12,855-
Trade debts44€33,555€1,318-€1,400€15,835▲ 1,031%
Suppliers440/4-€1,318-€1,400€15,835▲ 1,031%
Taxes, remuneration and social security45-€436,583€435,000€435,000€435,000=
Taxes450/3-€436,583€435,000€435,000€435,000=
Other amounts payable47/48-€35,940€36,000€45,589€62,228▲ 36.5%
Accrued charges and deferred income492/3-€102,486€102,736€102,736€102,736=
Line20202022202320232024Change
Profit (loss) for the period9904-€482,123-€222,895-€21,256-€22,823-€604▲ 97.4%
+ Depreciation and write-downs630€98,196-----
Operating cash flow (approximation)-€383,928-€222,895-€21,256-€22,823-€604▲ 97.4%
Change in cash---€2,529--€1,274-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
31-03
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 25-03-2025
18-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
16-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial Liquidity triplescurrent ratio 1.67
Current ratio from 0.60 to 1.67.
2021
25-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 56 days late
2020
30-11
Financial Weakest financial yearnet -€482,123
Net result drops to -€482,123, the lowest in the series.
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
2015
25-09
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 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
11 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, Gent · 1 establishment unit since 1988
seat establishment The establishment unit on the map
Ground area
1,626 m²
Building footprint
254 m²
Volume, LiDAR
1,912 m³
2 parcels, Flanders · tallest building 18.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Soenenspark 5, 9051 Gent
NACE 70201
since 19882.035.143.439
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44062B0082/00Z000 Flanders 1,458 m² 1 · 164 m² 10.1 m · 2 fl.
44815F1003/00X000 Flanders 168 m² 1 · 90 m² 18.3 m · 4 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PIETER HUYGHE
SAVAANSTRAAT 72, 9000 GENT-
25-03-2025 → present

Identification & contact

Identification
Legal formPublic limited company
Founded30-12-1987
Fiscal year end31-10
Contact
E-mail info@immora.be
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.