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IMMOREVE

Active
Private limited companyfounded 200323 yrs activeRue Jules Vantieghem (EV) 8A, 7730 Estaimpuis, BelgiumKBO/BCE: BE 0479.733.393
Summary

The computed 12-month bankruptcy probability of IMMOREVE is 1.6% (moderate). The 2025 annual accounts show negative equity (-€29,034) and a net result of -€18,322. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability9▲+2
Solvency13▼-8
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.22 in 2024; short-term debt: 81.1% and cash: 0.1% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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
-12.1%
Return on assets
-7.7%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 23 years 0 30 y
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
19202122232425
2019 to 2025 · latest year -€29,034
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 10-10-2025, 21 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
21 d early
2024
24 d early
2023
6 d early
2022
47 d early
2021
37 d early
2020
10 d early
2019
43 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 27 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close27-09-2026 today31-10-2026 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

On 7 March 2003, IMMOREVE was incorporated.1 Total assets went from EUR 258,572 in 2019 to EUR 239,236 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€29,034▼ 171%
2024 · -€10,711
Total assets
€239,236▼ 4.1%
2024 · €249,340
Net result
-€18,322▲ 20.0%
2024 · -€22,900
Working capital
-€184,264▼ 33.2%
2024 · -€138,319
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-€7,300▲ 37.2%-€11,489▼ 57.4%€100,507-€23,794-€16,623▲ 30.1%
Net result-€9,025▲ 31.7%-€12,789▼ 41.7%€66,557-€22,900-€18,322▲ 20.0%
Equity-€41,580▼ 27.7%-€54,368▼ 30.8%€12,189-€10,711-€29,034▼ 171%
Total assets€215,901▼ 9.6%€185,144▼ 14.2%€213,086▲ 15.1%€249,340▲ 17.0%€239,236▼ 4.1%
Debt€257,481▼ 5.1%€239,512▼ 7.0%€169,628▼ 29.2%€229,936▲ 35.6%€239,759▲ 4.3%
Working capital-€148,442▲ 31.9%-€208,075▼ 40.2%-€127,004▲ 39.0%-€138,319▼ 8.9%-€184,264▼ 33.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000Operating result 2021: -€7,300-€7,300Net result 2021: -€9,025-€9,025Operating result 2022: -€11,489-€11,489Net result 2022: -€12,789-€12,789Operating result 2023: €100,507€100,507Net result 2023: €66,557€66,557Operating result 2024: -€23,794-€23,794Net result 2024: -€22,900-€22,900Operating result 2025: -€16,623-€16,623Net result 2025: -€18,322-€18,32220212022202320242025-€50,000€0€50,000€100,000Operating result 2023: €100,507€101,000Net result 2023: €66,557€66,600Operating result 2024: -€23,794-€23,800Net result 2024: -€22,900-€22,900Operating result 2025: -€16,623-€16,600Net result 2025: -€18,322-€18,300202320242025
The operating result stays negative: a loss of €16,623 in 2025 against €23,794 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,236
Fixed assets €229,591 ▲ 8.9%
Current assets €9,645 ▼ 74.9%
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1,910▲
2024 · -€12,156
Cash flow
-€3,609▲
2024 · -€11,263
Solvency
-12.1%▼
2024 · -4.3%
Current ratio
0.05▼
2024 · 0.22
Debt to equity
-8.26▲
2024 · -21.47
ROA
-7.7%▲
2024 · -9.2%
Interest coverage
-0.57▲
2024 · -46.64
Debt ≤ 1 year
€193,909▲
2024 · €176,754
Debt > 1 year
€45,850▼
2024 · €53,182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,798 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
6.0% stopped otherwise
90% still going

A further 2.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 2,798 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€249,340€239,236▼
Fixed assets21/28€210,905€229,591▲
Tangible fixed assets22/27€210,905€229,591▲
Land and buildings22€210,905€229,591▲
Current assets29/58€38,435€9,645▼
Amounts receivable within one year40/41€7,933€7,948▲
Trade receivables40€7,933€7,933=
Other amounts receivable41-€15
Cash at bank and in hand54/58€28,937€147▼
Deferred charges and accrued income490/1€1,564€1,549▼
Equity and liabilities
Total equity and liabilities10/49€249,340€239,236▼
Equity10/15-€10,711-€29,034▼
Contributions10/11€6,200€6,200=
Reserves13€91,561€86,746▼
Non-distributable reserves130/1€61€61=
Reserves not available under the articles1311€61€61=
Tax-exempt reserves132€90,346€85,531▼
Distributable reserves133€1,154€1,154=
Profit (loss) carried forward14-€108,473-€121,980▼
Provisions and deferred taxes16€30,115€28,510▼
Deferred taxes168€30,115€28,510▼
Amounts payable17/49€229,936€239,759▲
Amounts payable after more than one year17€53,182€45,850▼
Financial debts170/4€53,182€45,850▼
Amounts payable within one year42/48€176,754€193,909▲
Current portion of amounts payable after more than one year42€6,818€7,332▲
Trade debts44€11,483€10,833▼
Suppliers440/4€11,483€10,833▼
Other amounts payable47/48€158,454€175,744▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,638€14,713▲
Other operating charges640/8€384€617▲
Gross operating margin9900-€11,772-€1,292▲
Operating profit (loss)9901-€23,794-€16,623▲
Financial income75/76B€0€50▲
Recurring financial income75€0€50▲
Financial charges65/66B€261€3,354▲
Recurring financial charges65€261€3,354▲
Profit (loss) for the period before taxes9903-€24,055-€19,927▲
Transfer from deferred taxes780€1,154€1,605▲
Transfer to deferred taxes680€0-
Profit (loss) for the period9904-€22,900-€18,322▲
Transfer from tax-exempt reserves789€3,462€4,815▲
Transfer to tax-exempt reserves689€0-
Profit (loss) for the period to be appropriated9905-€19,438-€13,507▲
Appropriation of the result
Profit (loss) to be appropriated9906-€108,473-€121,980▼
Profit (loss) brought forward from the previous period14P-€89,035-€108,473▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,555€8,249€9,980€11,638€14,713▲ 26.4%
Other operating charges640/8-€797€1,223€384€617▲ 60.6%
Gross operating margin9900€2,763-€2,444€111,709-€11,772-€1,292▲ 89.0%
Operating profit (loss)9901-€7,300-€11,489€100,507-€23,794-€16,623▲ 30.1%
Financial income75/76B-€0€0€0€50-
Recurring financial income75€22€0€0€0€50-
Financial charges65/66B-€1,299€2,680€261€3,354▲ 1,187%
Recurring financial charges65€1,747€1,299€2,680€261€3,354▲ 1,187%
Profit (loss) for the period before taxes9903-€9,025-€12,789€97,827-€24,055-€19,927▲ 17.2%
Transfer from deferred taxes780--€1,155€1,154€1,605▲ 39.1%
Transfer to deferred taxes680--€32,425€0--
Profit (loss) for the period9904-€9,025-€12,789€66,557-€22,900-€18,322▲ 20.0%
Transfer from tax-exempt reserves789--€3,466€3,462€4,815▲ 39.1%
Transfer to tax-exempt reserves689--€97,275€0--
Profit (loss) for the period to be appropriated9905-€9,025-€12,789-€27,251-€19,438-€13,507▲ 30.5%
Line20212022202320242025Change
Assets
Total assets20/58€215,901€185,144€213,086€249,340€239,236▼ 4.1%
Fixed assets21/28€131,388€173,047€170,463€210,905€229,591▲ 8.9%
Tangible fixed assets22/27€131,388€173,047€170,463€210,905€229,591▲ 8.9%
Land and buildings22-€173,047€170,463€210,905€229,591▲ 8.9%
Current assets29/58€84,513€12,096€42,623€38,435€9,645▼ 74.9%
Amounts receivable within one year40/41-€1,033€1,033€7,933€7,948▲ 0.2%
Trade receivables40-€1,033€1,033€7,933€7,933=
Other amounts receivable41----€15-
Cash at bank and in hand54/58€83,152€9,648€39,621€28,937€147▼ 99.5%
Deferred charges and accrued income490/1-€1,416€1,969€1,564€1,549▼ 1.0%
Equity and liabilities
Total equity and liabilities10/49€215,901€185,144€213,086€249,340€239,236▼ 4.1%
Equity10/15-€41,580-€54,368€12,189-€10,711-€29,034▼ 171%
Contributions10/11-€6,200€6,200€6,200€6,200=
Reserves13€1,215€1,215€95,024€91,561€86,746▼ 5.3%
Non-distributable reserves130/1-€61€61€61€61=
Reserves not available under the articles1311-€61€61€61€61=
Tax-exempt reserves132--€93,809€90,346€85,531▼ 5.3%
Distributable reserves133-€1,154€1,154€1,154€1,154=
Profit (loss) carried forward14-€48,995-€61,783-€89,035-€108,473-€121,980▼ 12.5%
Provisions and deferred taxes16--€31,270€30,115€28,510▼ 5.3%
Deferred taxes168--€31,270€30,115€28,510▼ 5.3%
Amounts payable17/49€257,481€239,512€169,628€229,936€239,759▲ 4.3%
Amounts payable after more than one year17€24,525€19,340€0€53,182€45,850▼ 13.8%
Financial debts170/4-€19,340€0€53,182€45,850▼ 13.8%
Amounts payable within one year42/48€232,956€220,172€169,628€176,754€193,909▲ 9.7%
Current portion of amounts payable after more than one year42-€5,185€0€6,818€7,332▲ 7.6%
Trade debts44€9,175€139€1,279€11,483€10,833▼ 5.7%
Suppliers440/4-€139€1,279€11,483€10,833▼ 5.7%
Other amounts payable47/48-€214,848€168,348€158,454€175,744▲ 10.9%
Line20212022202320242025Change
Profit (loss) for the period9904-€9,025-€12,789€66,557-€22,900-€18,322▲ 20.0%
+ Depreciation and write-downs630€6,555€8,249€9,980€11,638€14,713▲ 26.4%
Operating cash flow (approximation)-€2,470-€4,540€76,537-€11,263-€3,609▲ 68.0%
Investment in fixed assets (approximation)--€49,908-€7,395-€52,080-€33,399▲ 35.9%
Change in cash--€73,504€29,974-€10,684-€28,790▼ 169%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
10-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
07-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial Weakest financial yearnet -€22,900
Net result drops to -€22,900, the lowest in the series; recovery starts the following year.
2023
25-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Back to profitnet €66,557
Net result €66,557 after 4 loss-making years.
2022
14-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
24-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2020
21-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
18-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
14-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
30-10
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
27-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Estaimpuis · 1 establishment unit since 2003
seat establishment approximate The establishment unit on the map
Ground area
4.7 ha
Building footprint
3,505 m²
Parcel 57028A0489/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMMOREVE SPRL
Rue Jules Vantieghem (EV) 8, 7730 EstaimpuisNACE 70111
since 20032.132.404.151
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57028A0489/00F000 Wallonia 4.7 ha 1 · 3,505 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded07-03-2003
Fiscal year end31-03
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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