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IMMORO

Active
Public limited companyfounded 199233 yrs activeRue du Point d'Arrêt(HSH) 39, 6120 Ham-sur-Heure-Nalinnes, BelgiumKBO/BCE: BE 0448.430.208
Summary

IMMORO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €230,070 and a net result of -€39,037. Equity is growing by ~5.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-75
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 41.92; short-term debt: 1.9% and cash: 61.3% of total assets), and 1.9% of the assets are financed with debt.
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Signals

Five 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
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 33 years 0 40 y
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
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 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
95 d early
2024
25 d late
2023
50 d late
2022
24 d late
2021
12 d late
2020
19 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 4 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 (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.
Companies Code · seven months
Position in the running window
28-09-2026 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

IMMORO was incorporated on 12 October 1992.1 Revenue fell from EUR 34,726 in 2018 to EUR 6,562 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023

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Financials · fiscal year 2025, micro schema

Turnover
€6,562▼ 83.8%
2022 · €40,502
EBIT margin
-156.2%▼ 203.9pp
2022 · 47.8%
Net result
-€39,037
2024 · €13,708
Working capital
€182,640▼ 24.9%
2024 · €243,242
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
Turnover€36,702▼ 4.1%€40,502▲ 10.4%€6,562▼ 83.8%
Operating result€16,654▼ 25.2%€19,355▲ 16.2%-€10,247€13,001-€37,478
Net result€15,247▼ 52.7%€14,440▼ 5.3%-€10,326€13,708-€39,037
EBIT margin45.4%▼ 12.8pp47.8%▲ 2.4pp-156.2%▼ 203.9pp
Equity€251,286▲ 6.5%€265,726▲ 5.7%€255,399▼ 3.9%€269,107▲ 5.4%€230,070▼ 14.5%
Total assets€260,908▲ 6.5%€274,394▲ 5.2%€263,933▼ 3.8%€271,026▲ 2.7%€234,534▼ 13.5%
Debt€9,622▲ 6.4%€8,669▼ 9.9%€8,534▼ 1.6%€1,918▼ 77.5%€4,463▲ 133%
Working capital€206,449▲ 11.0%€228,303▲ 10.6%€45,303▼ 80.2%€243,242▲ 437%€182,640▼ 24.9%
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2021: €16,654€16,654Net result 2021: €15,247€15,247Operating result 2022: €19,355€19,355Net result 2022: €14,440€14,440Operating result 2023: -€10,247-€10,247Net result 2023: -€10,326-€10,326Operating result 2024: €13,001€13,001Net result 2024: €13,708€13,708Operating result 2025: -€37,478-€37,478Net result 2025: -€39,037-€39,03720212022202320242025-€40,000-€20,000€0€20,000Operating result 2023: -€10,247-€10,200Net result 2023: -€10,326-€10,300Operating result 2024: €13,001€13,000Net result 2024: €13,708€13,700Operating result 2025: -€37,478-€37,500Net result 2025: -€39,037-€39,000202320242025
The operating result turns negative in 2025: a loss of €37,478 after €13,001 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234,534
Fixed assets €47,430 ▲ 83.4%
Current assets €187,104 ▼ 23.7%
Equity and liabilities €234,534
Equity €230,070 ▼ 14.5%
Debt €4,463 ▲ 133%
Debt's share of the balance-sheet total rises from 0.7% to 1.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€34,532▼
2024 · €17,232
Cash flow
-€36,091▼
2024 · €17,939
Current ratio
41.92
Debt to equity
0.02▲
2024 · 0.01
ROE
-17.0%▼
2024 · 5.1%
ROA
-16.6%▼
2024 · 5.1%
Interest coverage
-153.58▼
2024 · 121.67
Debt ≤ 1 year
€4,463▲
2024 · €1,918
Income taxes
€1,339▲
2024 · €292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.5% went bankrupt
13% stopped otherwise
84% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,836 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 · 43 lines
Balance sheet Code20242025
Assets
Total assets20/58€271,026€234,534▼
Fixed assets21/28€25,866€47,430▲
Tangible fixed assets22/27€25,866€47,430▲
Land and buildings22€22,422€21,541▼
Plant, machinery and equipment23€3,444€25,889▲
Current assets29/58€245,160€187,104▼
Amounts receivable within one year40/41€39,049€41,939▲
Trade receivables40€9,435€309▼
Other amounts receivable41€29,614€41,630▲
Cash at bank and in hand54/58€206,110€143,746▼
Deferred charges and accrued income490/1-€1,418
Equity and liabilities
Total equity and liabilities10/49€271,026€234,534▼
Equity10/15€269,107€230,070▼
Contributions10/11€275,410€275,410=
Capital10€275,410€275,410=
Issued capital100€275,410€275,410=
Reserves13€217€217=
Non-distributable reserves130/1€217€217=
Legal reserve130€217€217=
Profit (loss) carried forward14-€6,519-€45,556▼
Amounts payable17/49€1,918€4,463▲
Amounts payable within one year42/48€1,918€4,463▲
Trade debts44€292€1,704▲
Suppliers440/4€292€1,704▲
Taxes, remuneration and social security45€77-
Remuneration and social security454/9€77-
Other amounts payable47/48€1,550€2,759▲
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€4,688€27,887▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,231€2,946▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€22,116
Other operating charges640/8€6,641€7,251▲
Gross operating margin9900€23,872-€5,165▼
Operating profit (loss)9901€13,001-€37,478▼
Financial income75/76B€1,141€5▼
Recurring financial income75€1,141€5▼
Financial charges65/66B€142€225▲
Recurring financial charges65€142€225▲
Profit (loss) for the period before taxes9903€14,000-€37,698▼
Income taxes67/77€292€1,339▲
Profit (loss) for the period9904€13,708-€39,037▼
Profit (loss) for the period to be appropriated9905€13,708-€39,037▼
Appropriation of the result
Profit (loss) to be appropriated9906-€6,519-€45,556▼
Profit (loss) brought forward from the previous period14P-€20,227-€6,519▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€36,702€40,502€6,562---
Goods, raw materials, services and sundry goods60/61€6,782€8,227€3,422€4,688€27,887▲ 495%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,617€7,414€7,326€4,231€2,946▼ 30.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€22,116-
Other operating charges640/8€5,649€5,787€6,061€6,641€7,251▲ 9.2%
Gross operating margin9900€29,920€32,557€3,140€23,872-€5,165▼ 122%
Operating profit (loss)9901€16,654€19,355-€10,247€13,001-€37,478▼ 388%
Financial income75/76B--€100€1,141€5▼ 99.5%
Recurring financial income75--€100€1,141€5▼ 99.5%
Financial charges65/66B€122€126€180€142€225▲ 58.8%
Recurring financial charges65€122€126€180€142€225▲ 58.8%
Profit (loss) for the period before taxes9903€16,532€19,230-€10,326€14,000-€37,698▼ 369%
Income taxes67/77€1,285€4,789-€292€1,339▲ 358%
Profit (loss) for the period9904€15,247€14,440-€10,326€13,708-€39,037▼ 385%
Profit (loss) for the period to be appropriated9905€15,247€14,440-€10,326€13,708-€39,037▼ 385%
Line20212022202320242025Change
Assets
Total assets20/58€260,908€274,394€263,933€271,026€234,534▼ 13.5%
Fixed assets21/28€44,837€37,423€210,097€25,866€47,430▲ 83.4%
Tangible fixed assets22/27€44,837€37,423€30,097€25,866€47,430▲ 83.4%
Land and buildings22€38,260€31,890€25,608€22,422€21,541▼ 3.9%
Plant, machinery and equipment23€6,577€5,533€4,488€3,444€25,889▲ 652%
Financial fixed assets28--€180,000---
Current assets29/58€216,071€236,972€53,837€245,160€187,104▼ 23.7%
Amounts receivable within one year40/41€81,392€81,962€29,253€39,049€41,939▲ 7.4%
Trade receivables40€62,533€66,538€14,040€9,435€309▼ 96.7%
Other amounts receivable41€18,859€15,424€15,213€29,614€41,630▲ 40.6%
Cash at bank and in hand54/58€134,679€155,010€24,583€206,110€143,746▼ 30.3%
Deferred charges and accrued income490/1----€1,418-
Equity and liabilities
Total equity and liabilities10/49€260,908€274,394€263,933€271,026€234,534▼ 13.5%
Equity10/15€251,286€265,726€255,399€269,107€230,070▼ 14.5%
Contributions10/11€275,410€275,410€275,410€275,410€275,410=
Capital10€275,410€275,410€275,410€275,410€275,410=
Issued capital100€275,410€275,410€275,410€275,410€275,410=
Reserves13€216€217€217€217€217=
Non-distributable reserves130/1€216€217€217€217€217=
Legal reserve130€216€217€217€217€217=
Profit (loss) carried forward14-€24,340-€9,900-€20,227-€6,519-€45,556▼ 599%
Amounts payable17/49€9,622€8,669€8,534€1,918€4,463▲ 133%
Amounts payable within one year42/48€9,622€8,669€8,534€1,918€4,463▲ 133%
Trade debts44€1,177€251€116€292€1,704▲ 485%
Suppliers440/4€1,177€251€116€292€1,704▲ 485%
Taxes, remuneration and social security45€77€77€77€77--
Remuneration and social security454/9€77€77€77€77--
Other amounts payable47/48€8,368€8,341€8,341€1,550€2,759▲ 78.0%
Line20212022202320242025Change
Profit (loss) for the period9904€15,247€14,440-€10,326€13,708-€39,037▼ 385%
+ Depreciation and write-downs630€7,617€7,414€7,326€4,231€2,946▼ 30.4%
Operating cash flow (approximation)€22,864€21,854-€3,000€17,939-€36,091▼ 301%
Investment in fixed assets (approximation)-€0-€180,000€180,000-€24,511▼ 114%
Change in cash-€20,331-€130,426€181,527-€62,364▼ 134%

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 31-07-2027
2026
27-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€39,037
Net result drops to -€39,037, the lowest in the series.
25-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial Back to profitnet €13,708
Net result €13,708 after one loss-making year.
31-12
Financial Liquidity times 20current ratio 127.80
Current ratio from 6.31 to 127.80; short-term debt falls from €8,534 to €1,918.
19-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
24-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
12-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
12-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Highest result since 2018net €32,227 ▲26.5%
Operating result €22,256, net result €32,227, both a record.
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
31-12
Financial Equity above €200,000Eq €203,812 ▲14.3%
2 profitable years in a row build equity to €203,812.
Show earlier events
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
23-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Ham-sur-Heure-Nalinnes · 1 establishment unit since 1993
seat establishment The establishment unit on the map
Ground area
1,626 m²
Building footprint
717 m²
Volume, LiDAR
4,253 m³
2 parcels, Wallonia · tallest building 18.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMORO SA
Rue de Marcinelle 30, 6000 CharleroiNACE 70201
since 19932.060.630.980
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56034A0622/00K002 Wallonia 1,199 m² 1 · 591 m² 18.1 m · 2 fl.
52011D0040/00K000 Wallonia 427 m² 1 · 126 m² -
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.

Identification & contact

Identification
Legal formPublic limited company
Founded12-10-1992
Fiscal year end31-12
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.

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Register as of 27 September 2026 · Peppol Directory

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