Skip to content

IMMORANGE

Special situation
Public limited companyfounded 20179 yrs activeRue Guillaume d'Orange 111, 4100 Seraing, BelgiumKBO/BCE: BE 0676.843.630
Summary

The file of IMMORANGE contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for IMMORANGE the legal situation: special situation; this is today's state according to the register itself, which carries no start date. The computed 12-month bankruptcy probability is 11.7% (high). The 2025 annual accounts show negative equity (-€3.7m) and a net result of -€1.0m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4613 sector peers (fiscal year 2025).

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record30
Bankruptcy probability, 12 months
11.7% High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.11 in 2024; short-term debt: 240.3% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Judicial reorganisation on record
A judicial reorganisation is on record, and one often precedes a bankruptcy.
Belgian State Gazette
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 →
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 2025
Solvency, return and age of the figures
Solvency
-198.6%
Return on assets
-53.9%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€3.7m
raises risk · Register: special situation
The KBO register records the legal situation: special situation. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 8 filings
Deviation from the deadline
2025
19 d late
2024
29 d late
2023
58 d late
2022
31 d late
2021
55 d late
2020
89 d late
2019
31 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 45 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
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

IMMORANGE was incorporated on 15 June 2017.1 Total assets fell from EUR 5.4 million in 2018 to EUR 1.9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

Go further with this company

Is this your company? See how customers and banks see it.

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

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€1.0m▼ 216%
2024 · -€318,704
Working capital
-€4.5m▼ 150%
2024 · -€1.8m
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€191,231▲ 669%€321,421▲ 68.1%€158,145▼ 50.8%-€184,226-€152,930▲ 17.0%
Net result-€128,597below the sector's middle half▲ 10.0%-€1.4mbelow the sector's middle half▼ 955%-€2.1mbelow the sector's middle half▼ 58.0%-€318,704below the sector's middle half▲ 85.1%-€1.0mbelow the sector's middle half▼ 216%
Equity€1.1mwithin the sector's middle half▼ 10.4%-€244,539below the sector's middle half-€2.4mbelow the sector's middle half▼ 876%-€2.7mbelow the sector's middle half▼ 13.4%-€3.7mbelow the sector's middle half▼ 37.2%
Total assets€5.0mwithin the sector's middle half▼ 2.7%€3.7mwithin the sector's middle half▼ 25.2%€2.3mwithin the sector's middle half▼ 38.6%€2.2mwithin the sector's middle half▼ 5.3%€1.9mwithin the sector's middle half▼ 14.1%
Debt€3.9m▼ 0.2%€4.0m▲ 2.4%€4.7m▲ 17.5%€4.9m▲ 4.2%€5.6m▲ 14.3%
Working capital-€926,928below the sector's middle half▼ 9.9%-€893,056below the sector's middle half▲ 3.7%-€1.7mbelow the sector's middle half▼ 85.9%-€1.8mbelow the sector's middle half▼ 7.1%-€4.5mbelow the sector's middle half▼ 150%
Solvency22.2%within the sector's middle half▼ 1.9pp-6.5%below the sector's middle half▼ 28.7pp-103.8%below the sector's middle half▼ 97.3pp-124.3%below the sector's middle half▼ 20.5pp-198.6%below the sector's middle half▼ 74.4pp
Current ratio0.24below the sector's middle half=0.28below the sector's middle half▲ 0.040.11below the sector's middle half▼ 0.170.11below the sector's middle half=0.01below the sector's middle half▼ 0.10
Return on assets (ROA)-2.6%below the sector's middle half▲ 0.2pp-36.2%below the sector's middle half▼ 33.6pp-93.2%below the sector's middle half▼ 57.0pp-14.6%below the sector's middle half▲ 78.5pp-53.9%below the sector's middle half▼ 39.2pp
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.
Result per fiscal year
Operating resultNet result
-€3.0m-€2.0m-€1.0m€0Operating result 2021: €191,231€191,231Net result 2021: -€128,597-€128,597Operating result 2022: €321,421€321,421Net result 2022: -€1.4m-€1.4mOperating result 2023: €158,145€158,145Net result 2023: -€2.1m-€2.1mOperating result 2024: -€184,226-€184,226Net result 2024: -€318,704-€318,704Operating result 2025: -€152,930-€152,930Net result 2025: -€1.0m-€1.0m20212022202320242025-€3m-€2m-€1m€0Operating result 2023: €158,145€158,000Net result 2023: -€2.1m-€2.1mOperating result 2024: -€184,226-€184,000Net result 2024: -€318,704-€319,000Operating result 2025: -€152,930-€153,000Net result 2025: -€1.0m-€1m202320242025
The operating result stays negative: a loss of €152,930 in 2025 against €184,226 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets €1.8m ▼ 6.9%
Current assets €40,868 ▼ 80.8%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€16,822▲
2024 · -€48,118
Cash flow
-€871,082▼
2024 · -€182,595
Debt to equity
-1.50▲
2024 · -1.80
Interest coverage
-0.02▲
2024 · -0.36
Debt ≤ 1 year
€4.5m▲
2024 · €2.0m
Debt > 1 year
€0▼
2024 · €2.5m
Income taxes
-€1,283
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 562 companies that looked in July 2024 the way this one looks now, 7.1% went bankrupt within 24 months and 87% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.1% went bankrupt
4.8% stopped otherwise
87% still going

A further 1.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 11.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.9%
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 562 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€1.9m▼
Formation expenses20€20,041€18,437▼
Fixed assets21/28€1.9m€1.8m▼
Tangible fixed assets22/27€1.9m€1.8m▼
Land and buildings22€1.9m€1.8m▼
Current assets29/58€212,889€40,868▼
Amounts receivable within one year40/41€160,872€39,749▼
Trade receivables40€22,715€28,287▲
Other amounts receivable41€138,157€11,463▼
Cash at bank and in hand54/58€47,928€1,118▼
Deferred charges and accrued income490/1€4,089€0▼
Equity and liabilities
Total equity and liabilities10/49€2.2m€1.9m▼
Equity10/15-€2.7m-€3.7m▼
Contributions10/11€2.3m€2.3m=
Capital10€2.3m€2.3m=
Issued capital100€2.3m€2.3m=
Reserves13€970€970=
Non-distributable reserves130/1€970€970=
Legal reserve130€970€970=
Profit (loss) carried forward14-€5.0m-€6.0m▼
Amounts payable17/49€4.9m€5.6m▲
Amounts payable after more than one year17€2.5m€0▼
Financial debts170/4€2.5m€0▼
Amounts payable within one year42/48€2.0m€4.5m▲
Current portion of amounts payable after more than one year42€368,634€2.8m▲
Financial debts43€13,308€0▼
Credit institutions430/8€13,308€0▼
Trade debts44€315,261€330,103▲
Suppliers440/4€315,261€330,103▲
Taxes, remuneration and social security45€76,734€35,100▼
Taxes450/3€76,734€35,100▼
Other amounts payable47/48€1.2m€1.3m▲
Accrued charges and deferred income492/3€345,184€1.1m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136,108€136,108=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€1.8m
Other operating charges640/8€45,535€1.8m▲
Gross operating margin9900-€2,583€29,753▲
Operating profit (loss)9901-€184,226-€152,930▲
Financial income75/76B€0€2.3m▲
Recurring financial income75€0€2▲
Non-recurring financial income76B-€2.3m
Financial charges65/66B€134,477€3.2m▲
Recurring financial charges65€134,477€855,545▲
Non-recurring financial charges66B-€2.3m
Profit (loss) for the period before taxes9903-€318,704-€1.0m▼
Income taxes67/77--€1,283
Profit (loss) for the period9904-€318,704-€1.0m▼
Profit (loss) for the period to be appropriated9905-€318,704-€1.0m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€5.0m-€6.0m▼
Profit (loss) brought forward from the previous period14P-€4.7m-€5.0m▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€743----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€159,834€145,940€136,113€136,108€136,108=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€1.8m-
Other operating charges640/8€40,500€41,450€44,141€45,535€1.8m▲ 3,897%
Gross operating margin9900€391,565€508,811€338,400-€2,583€29,753▲ 1,252%
Operating profit (loss)9901€191,231€321,421€158,145-€184,226-€152,930▲ 17.0%
Financial income75/76B€0€21,682€106,093€0€2.3m-
Recurring financial income75€0€21,682€106,093€0€2-
Non-recurring financial income76B----€2.3m-
Financial charges65/66B€319,829€1.7m€2.4m€134,477€3.2m▲ 2,273%
Recurring financial charges65€319,829€531,611€1.2m€134,477€855,545▲ 536%
Non-recurring financial charges66B-€1.2m€1.2m-€2.3m-
Profit (loss) for the period before taxes9903-€128,597-€1.4m-€2.1m-€318,704-€1.0m▼ 216%
Income taxes67/77-----€1,283-
Profit (loss) for the period9904-€128,597-€1.4m-€2.1m-€318,704-€1.0m▼ 216%
Profit (loss) for the period to be appropriated9905-€128,597-€1.4m-€2.1m-€318,704-€1.0m▼ 216%
Line20212022202320242025Change
Assets
Total assets20/58€5.0m€3.7m€2.3m€2.2m€1.9m▼ 14.1%
Formation expenses20€34,686€23,252€21,644€20,041€18,437▼ 8.0%
Fixed assets21/28€4.7m€3.4m€2.1m€1.9m€1.8m▼ 6.9%
Tangible fixed assets22/27€2.3m€2.2m€2.1m€1.9m€1.8m▼ 6.9%
Land and buildings22€2.3m€2.2m€2.1m€1.9m€1.8m▼ 6.9%
Financial fixed assets28€2.3m€1.2m----
Current assets29/58€289,011€341,323€199,136€212,889€40,868▼ 80.8%
Amounts receivable within one year40/41€216,224€335,578€193,878€160,872€39,749▼ 75.3%
Trade receivables40€4,625-€6,612€22,715€28,287▲ 24.5%
Other amounts receivable41€211,599€335,578€187,266€138,157€11,463▼ 91.7%
Cash at bank and in hand54/58€67,647€2,452€5,258€47,928€1,118▼ 97.7%
Deferred charges and accrued income490/1€5,140€3,293-€4,089€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€5.0m€3.7m€2.3m€2.2m€1.9m▼ 14.1%
Equity10/15€1.1m-€244,539-€2.4m-€2.7m-€3.7m▼ 37.2%
Contributions10/11€2.3m€2.3m€2.3m€2.3m€2.3m=
Capital10€2.3m€2.3m€2.3m€2.3m€2.3m=
Issued capital100€2.3m€2.3m€2.3m€2.3m€2.3m=
Reserves13€970€970€970€970€970=
Non-distributable reserves130/1€970€970€970€970€970=
Legal reserve130€970€970€970€970€970=
Profit (loss) carried forward14-€1.2m-€2.5m-€4.7m-€5.0m-€6.0m▼ 20.1%
Amounts payable17/49€3.9m€4.0m€4.7m€4.9m€5.6m▲ 14.3%
Amounts payable after more than one year17€2.5m€2.5m€2.5m€2.5m€0▼ 100%
Financial debts170/4€2.5m€2.5m€2.5m€2.5m€0▼ 100%
Amounts payable within one year42/48€1.2m€1.2m€1.9m€2.0m€4.5m▲ 126%
Current portion of amounts payable after more than one year42€378,649€368,634€368,634€368,634€2.8m▲ 670%
Financial debts43-€13,308-€13,308€0▼ 100%
Credit institutions430/8-€13,308-€13,308€0▼ 100%
Trade debts44€301,802€294,383€338,053€315,261€330,103▲ 4.7%
Suppliers440/4€301,802€294,383€338,053€315,261€330,103▲ 4.7%
Taxes, remuneration and social security45€2,038€1,704€1,372€76,734€35,100▼ 54.3%
Taxes450/3€2,038€1,704€1,372€76,734€35,100▼ 54.3%
Other amounts payable47/48€533,451€556,350€1.2m€1.2m€1.3m▲ 5.8%
Accrued charges and deferred income492/3€132,806€209,247€280,371€345,184€1.1m▲ 216%
Line20212022202320242025Change
Profit (loss) for the period9904-€128,597-€1.4m-€2.1m-€318,704-€1.0m▼ 216%
+ Depreciation and write-downs630€159,834€145,940€136,113€136,108€136,108=
Operating cash flow (approximation)€31,237-€1.2m-€2.0m-€182,595-€871,082▼ 377%
Investment in fixed assets (approximation)-€1.2m€1.2m-€1,603-€1,603=
Change in cash--€65,195€2,806€42,670-€46,810▼ 210%

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
19-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 19 days late
26-03
Judicial reorganisation Transfer under judicial authority
Tribunal de l’entreprise de Liège, division Liège · court-supervised transfer · event 19-03-2026
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
27-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 58 days late
2023
31-12
Financial Weakest financial yearnet -€2.1m
Net result drops to -€2.1m, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
24-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 55 days late
2021
28-10
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 89 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
27-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 27 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Seraing · 1 establishment unit since 2017
seat establishment approximate The establishment unit on the map
Ground area
81 m²
Building footprint
51 m²
Volume, LiDAR
479 m³
Parcel 62357G0759/00C002, Wallonia · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IMMORANGE
Rue Guillaume d'Orange 111, 4100 SeraingLogging
since 20172.267.359.261
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62357G0759/00C002indicative Wallonia 81 m² 1 · 51 m² 10.8 m · 3 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

3 owners · 1 holding · 3 subsidiaries in the tree
All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2022 annual accounts of IMMORANGE and those 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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,773 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded15-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
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
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0676843630
Also 9925:BE0676843630
Registered 06-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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