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IMMORIF

Active
Private limited companyfounded 20179 yrs activeRue du Coucou 5, 6010 Charleroi, BelgiumKBO/BCE: BE 0673.666.285
Summary

The computed 12-month bankruptcy probability of IMMORIF is 2.0% (moderate). The annual accounts of IMMORIF for fiscal year 2024 show a net loss of 79% of the equity at the start of that year. The 2024 annual accounts show equity of €3,948 and a net result of -€15,186. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability8▲+8
Solvency28▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.03 against 1.17 in 2023; short-term debt: 97% and cash: 0.9% of total assets), and 97% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+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 2024
Solvency, return and age of the figures
Solvency
3%
Return on assets
-11.7%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€15,186
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
65 d late
2022
150 d late
2021
161 d late
2020
670 d late
2019
1035 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 357 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

IMMORIF was incorporated on 30 March 2017.1 Total assets rose from EUR 55,881 in 2018 to EUR 130,319 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€3,948▼ 79.4%
2023 · €19,134
Total assets
€130,319▼ 0.3%
2023 · €130,678
Net result
-€15,186▲ 38.4%
2023 · -€24,633
Working capital
€3,948▼ 79.4%
2023 · €19,134
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
Line20202021202220232024
Operating result-€9,388▼ 86.9%€87,199-€21,520-€24,467▼ 13.7%-€4,657▲ 81.0%
Net result-€9,527▼ 84.9%€71,445-€21,673-€24,633▼ 13.7%-€15,186▲ 38.4%
Equity-€6,004€65,441€35,098▼ 46.4%€19,134▼ 45.5%€3,948▼ 79.4%
Total assets€54,739▲ 0.1%€148,957▲ 172%€132,429▼ 11.1%€130,678▼ 1.3%€130,319▼ 0.3%
Debt€60,743▲ 18.7%€83,516▲ 37.5%€73,048▼ 12.5%€111,543▲ 52.7%€126,371▲ 13.3%
Working capital-€6,004€65,441€57,634▼ 11.9%€19,134▼ 66.8%€3,948▼ 79.4%
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 2020: -€9,388-€9,388Net result 2020: -€9,527-€9,527Operating result 2021: €87,199€87,199Net result 2021: €71,445€71,445Operating result 2022: -€21,520-€21,520Net result 2022: -€21,673-€21,673Operating result 2023: -€24,467-€24,467Net result 2023: -€24,633-€24,633Operating result 2024: -€4,657-€4,657Net result 2024: -€15,186-€15,18620202021202220232024-€30,000-€20,000-€10,000€0Operating result 2022: -€21,520-€21,500Net result 2022: -€21,673-€21,700Operating result 2023: -€24,467-€24,500Net result 2023: -€24,633-€24,600Operating result 2024: -€4,657-€4,660Net result 2024: -€15,186-€15,200202220232024
The operating result stays negative: a loss of €4,657 in 2024 against €24,467 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €130,319
Equity €3,948 ▼ 79.4%
Debt €126,371 ▲ 13.3%
Debt's share of the balance-sheet total rises from 85.4% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.03▼
2023 · 1.17
Quick ratio
0.01▼
2023 · 0.02
Debt to equity
32.01▲
2023 · 5.83
ROE
-384.7%▼
2023 · -128.7%
ROA
-11.7%▲
2023 · -18.9%
Debt ≤ 1 year
€126,371▲
2023 · €111,543
Income taxes
€10,540
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
6.6% went bankrupt
5.6% stopped otherwise
86% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,662 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% 1.7%
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 75% 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 647 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 · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€130,678€130,319▼
Formation expenses20€0€0=
Current assets29/58€130,678€130,319▼
Stocks and contracts in progress3€128,986€128,986=
Stocks30/36€128,986€128,986=
Cash at bank and in hand54/58€1,577€1,224▼
Deferred charges and accrued income490/1€115€109▼
Equity and liabilities
Total equity and liabilities10/49€130,678€130,319▼
Equity10/15€19,134€3,948▼
Contributions10/11€18,600€18,600=
Profit (loss) carried forward14€534-€14,652▼
Amounts payable17/49€111,543€126,371▲
Amounts payable within one year42/48€111,543€126,371▲
Trade debts44€8,713-
Suppliers440/4€8,713-
Taxes, remuneration and social security45€15,614-
Taxes450/3€15,614-
Other amounts payable47/48€87,217€126,371▲
Income statement Code20232024
Gross operating margin9900-€24,467-€4,657▲
Operating profit (loss)9901-€24,467-€4,657▲
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€166€3▼
Recurring financial charges65€166€3▼
Profit (loss) for the period before taxes9903-€24,633-€4,647▲
Income taxes67/77-€10,540
Profit (loss) for the period9904-€24,633-€15,186▲
Profit (loss) for the period to be appropriated9905-€24,633-€15,186▲
Appropriation of the result
Profit (loss) to be appropriated9906€534-€14,652▼
Profit (loss) brought forward from the previous period14P€25,168€534▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Goods, raw materials, services and sundry goods60/61-€10,636----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€78---
Gross operating margin9900-€9,388€87,199-€21,442-€24,467-€4,657▲ 81.0%
Operating profit (loss)9901-€9,388€87,199-€21,520-€24,467-€4,657▲ 81.0%
Financial income75/76B----€13-
Recurring financial income75----€13-
Financial charges65/66B€139€141€153€166€3▼ 98.5%
Recurring financial charges65€139€141€153€166€3▼ 98.5%
Profit (loss) for the period before taxes9903-€9,527€87,058-€21,673-€24,633-€4,647▲ 81.1%
Income taxes67/77-€15,614--€10,540-
Profit (loss) for the period9904-€9,527€71,445-€21,673-€24,633-€15,186▲ 38.4%
Profit (loss) for the period to be appropriated9905-€9,527€71,445-€21,673-€24,633-€15,186▲ 38.4%
Line20202021202220232024Change
Assets
Total assets20/58€54,739€148,957€132,429€130,678€130,319▼ 0.3%
Formation expenses20-€0€0€0€0-
Fixed assets21/28--€1,747---
Tangible fixed assets22/27--€1,747---
Furniture and vehicles24--€1,747---
Current assets29/58€54,739€148,957€130,682€130,678€130,319▼ 0.3%
Stocks and contracts in progress3€54,614€128,986€128,986€128,986€128,986=
Stocks30/36€54,614€128,986€128,986€128,986€128,986=
Cash at bank and in hand54/58€125€19,971€1,593€1,577€1,224▼ 22.4%
Deferred charges and accrued income490/1--€104€115€109▼ 4.9%
Equity and liabilities
Total equity and liabilities10/49€54,739€148,957€132,429€130,678€130,319▼ 0.3%
Equity10/15-€6,004€65,441€35,098€19,134€3,948▼ 79.4%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Reserves13--€72,849---
Tax-exempt reserves132--€72,849---
Profit (loss) carried forward14-€24,604€46,841-€56,351€534-€14,652▼ 2,842%
Provisions and deferred taxes16--€24,283---
Deferred taxes168--€24,283---
Amounts payable17/49€60,743€83,516€73,048€111,543€126,371▲ 13.3%
Amounts payable within one year42/48€60,743€83,516€73,048€111,543€126,371▲ 13.3%
Trade debts44-€5,132€11,216€8,713--
Suppliers440/4-€5,132€11,216€8,713--
Taxes, remuneration and social security45-€15,614-€15,614--
Taxes450/3-€15,614-€15,614--
Other amounts payable47/48€60,743€62,771€61,832€87,217€126,371▲ 44.9%
Line20202021202220232024Change
Profit (loss) for the period9904-€9,527€71,445-€21,673-€24,633-€15,186▲ 38.4%
+ Depreciation and write-downs630--€78---
Operating cash flow (approximation)-€9,527€71,445-€21,595-€24,633-€15,186▲ 38.4%
Change in cash-€19,845-€18,378-€15-€353▼ 2,196%

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

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
04-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial Weakest financial yearnet -€24,633
Net result drops to -€24,633, the lowest in the series; recovery starts the following year.
28-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
01-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 670 days late
01-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 1035 days late
01-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 1401 days late
08-01
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 161 days late
2021
31-12
Financial Back to profitnet €71,445
Net result €71,445 after 3 loss-making years.
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial 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.

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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, Charleroi · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
274 m²
Building footprint
63 m²
Volume, LiDAR
633 m³
Parcel 52014B0144/00P002, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IMMORIF
Rue du Coucou 5, 6010 CharleroiReal estate activities
since 20172.263.922.491
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52014B0144/00P002 Wallonia 274 m² 1 · 63 m² 11.6 m · 3 fl.
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
Founded30-03-2017
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0673666285
Also 9925:BE0673666285
Registered 23-12-2025

Register as of 28 September 2026 · Peppol Directory

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