Skip to content

IMMOSALE

Active
Private limited companyfounded 20197 yrs activeZuidlaan 52, 1000 Brussel, BelgiumKBO/BCE: BE 0734.509.833
Summary

The computed 12-month bankruptcy probability of IMMOSALE is 11.9% (high). The 2024 annual accounts show equity of €298,866 and a net result of €419. Equity remains stable across the filed fiscal years (±2.4% per year). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability38▼-25
Solvency59▼-1
Growth52▼-26
Track record84
Bankruptcy probability, 12 months
11.9% High
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.73 against 4.42 in 2023; short-term debt: 21.2% and cash: 0% of total assets), but 65.6% of the assets are financed with debt.
Credit check for your own amount and term

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

Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 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 · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
2021222324
2020 to 2024 · latest year €298,866
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
24 d late
2022
153 d late
2021
92 d late
2020
46 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 69 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Address struckAddress strikeout date corrected

History

On 16 September 2019, IMMOSALE was incorporated as a Private limited company.1 Total assets went from EUR 541,990 in 2020 to EUR 869,953 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2024

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

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

Financials · fiscal year 2024, micro schema

Equity
€298,866▲ 0.1%
2023 · €298,447
Total assets
€869,953▲ 2.8%
2023 · €846,331
Net result
€419▼ 99.5%
2023 · €87,136
Working capital
€685,866▲ 4.7%
2023 · €654,947
Trend over the years
In euros
In euros
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€109,174--€18,537-€30,068▼ 62.2%€109,679€53,505▼ 51.2%
Net result€76,313--€28,407-€36,595▼ 28.8%€87,136€419▼ 99.5%
Equity€276,313-€247,906▼ 10.3%€211,311▼ 14.8%€298,447▲ 41.2%€298,866▲ 0.1%
Total assets€541,990-€414,027▼ 23.6%€546,561▲ 32.0%€846,331▲ 54.8%€869,953▲ 2.8%
Debt€265,677-€166,120▼ 37.5%€335,250▲ 102%€547,884▲ 63.4%€571,087▲ 4.2%
Working capital€352,313-€323,906▼ 8.1%€438,334▲ 35.3%€654,947▲ 49.4%€685,866▲ 4.7%
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: €109,174€109,174Net result 2020: €76,313€76,313Operating result 2021: -€18,537-€18,537Net result 2021: -€28,407-€28,407Operating result 2022: -€30,068-€30,068Net result 2022: -€36,595-€36,595Operating result 2023: €109,679€109,679Net result 2023: €87,136€87,136Operating result 2024: €53,505€53,505Net result 2024: €419€41920202021202220232024-€50,000€0€50,000€100,000Operating result 2022: -€30,068-€30,100Net result 2022: -€36,595-€36,600Operating result 2023: €109,679€110,000Net result 2023: €87,136€87,100Operating result 2024: €53,505€53,500Net result 2024: €419€419202220232024
The operating result falls in 2024; 2024 is 51% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €869,953
Equity €298,866 ▲ 0.1%
Debt €571,087 ▲ 4.2%
Debt's share of the balance-sheet total rises from 64.7% to 65.6%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
4.73▲
2023 · 4.42
Quick ratio
0.00▼
2023 · 0.04
Debt to equity
1.91▲
2023 · 1.84
ROE
0.1%▼
2023 · 29.2%
ROA
0.0%▼
2023 · 10.3%
Debt ≤ 1 year
€184,087▼
2023 · €191,384
Debt > 1 year
€387,000▲
2023 · €356,500
Income taxes
€105▼
2023 · €7,284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,640 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 95% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
3.6% stopped otherwise
95% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 11.9% 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 497,340 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% 1.8%
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 1,640 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 · 32 lines
Balance sheet Code20232024
Assets
Total assets20/58€846,331€869,953▲
Current assets29/58€846,331€869,953▲
Stocks and contracts in progress3€839,401€869,401▲
Stocks30/36€839,401€869,401▲
Amounts receivable within one year40/41€5,626-
Trade receivables40€5,626-
Cash at bank and in hand54/58€264€349▲
Deferred charges and accrued income490/1€1,040€202▼
Equity and liabilities
Total equity and liabilities10/49€846,331€869,953▲
Equity10/15€298,447€298,866▲
Contributions10/11€200,000€200,000=
Profit (loss) carried forward14€98,447€98,866▲
Amounts payable17/49€547,884€571,087▲
Amounts payable after more than one year17€356,500€387,000▲
Financial debts170/4€356,500€387,000▲
Amounts payable within one year42/48€191,384€184,087▼
Trade debts44€19,968€20,324▲
Suppliers440/4€19,968€20,324▲
Taxes, remuneration and social security45€7,284€105▼
Taxes450/3€7,284€105▼
Other amounts payable47/48€164,132€163,658▼
Income statement Code20232024
Other operating charges640/8€8,254€7,532▼
Gross operating margin9900€117,933€61,036▼
Operating profit (loss)9901€109,679€53,505▼
Financial charges65/66B€15,259€52,981▲
Recurring financial charges65€15,259€52,981▲
Profit (loss) for the period before taxes9903€94,420€524▼
Income taxes67/77€7,284€105▼
Profit (loss) for the period9904€87,136€419▼
Profit (loss) for the period to be appropriated9905€87,136€419▼
Appropriation of the result
Profit (loss) to be appropriated9906€98,447€98,866▲
Profit (loss) brought forward from the previous period14P€11,311€98,447▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€636€4,023€8,254€7,532▼ 8.8%
Gross operating margin9900€109,174-€17,901-€26,045€117,933€61,036▼ 48.2%
Operating profit (loss)9901€109,174-€18,537-€30,068€109,679€53,505▼ 51.2%
Recurring financial income75€1,326-----
Financial charges65/66B-€5,113€6,528€15,259€52,981▲ 247%
Recurring financial charges65€8,886€5,113€6,528€15,259€52,981▲ 247%
Profit (loss) for the period before taxes9903€101,613-€23,650-€36,595€94,420€524▼ 99.4%
Income taxes67/77€25,300€4,757-€7,284€105▼ 98.6%
Profit (loss) for the period9904€76,313-€28,407-€36,595€87,136€419▼ 99.5%
Profit (loss) for the period to be appropriated9905€76,313-€28,407-€36,595€87,136€419▼ 99.5%
Line20202021202220232024Change
Assets
Total assets20/58€541,990€414,027€546,561€846,331€869,953▲ 2.8%
Fixed assets21/28€50,000€50,000----
Financial fixed assets28€50,000€50,000----
Current assets29/58€491,990€364,027€546,561€846,331€869,953▲ 2.8%
Stocks and contracts in progress3€185,000€185,000€539,401€839,401€869,401▲ 3.6%
Stocks30/36-€185,000€539,401€839,401€869,401▲ 3.6%
Amounts receivable within one year40/41€33,928€27,413€5,626€5,626--
Trade receivables40-€5,626€5,626€5,626--
Other amounts receivable41-€21,787----
Cash at bank and in hand54/58€273,062€150,609€493€264€349▲ 32.5%
Deferred charges and accrued income490/1-€1,004€1,040€1,040€202▼ 80.5%
Equity and liabilities
Total equity and liabilities10/49€541,990€414,027€546,561€846,331€869,953▲ 2.8%
Equity10/15€276,313€247,906€211,311€298,447€298,866▲ 0.1%
Contributions10/11-€200,000€200,000€200,000€200,000=
Profit (loss) carried forward14€76,313€47,906€11,311€98,447€98,866▲ 0.4%
Amounts payable17/49€265,677€166,120€335,250€547,884€571,087▲ 4.2%
Amounts payable after more than one year17€126,000€126,000€227,023€356,500€387,000▲ 8.6%
Financial debts170/4-€126,000€227,023€356,500€387,000▲ 8.6%
Amounts payable within one year42/48€139,677€40,120€108,227€191,384€184,087▼ 3.8%
Trade debts44€1,775€1,063€1,739€19,968€20,324▲ 1.8%
Suppliers440/4-€1,063€1,739€19,968€20,324▲ 1.8%
Taxes, remuneration and social security45-€30,057€30,057€7,284€105▼ 98.6%
Taxes450/3-€30,057€30,057€7,284€105▼ 98.6%
Other amounts payable47/48-€9,000€76,431€164,132€163,658▼ 0.3%
Line20202021202220232024Change
Profit (loss) for the period9904€76,313-€28,407-€36,595€87,136€419▼ 99.5%
Operating cash flow (approximation)€76,313-€28,407-€36,595€87,136€419▼ 99.5%
Investment in fixed assets (approximation)-€0----
Change in cash--€122,453-€150,116-€230€86▲ 137%

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

2026
23-02
KBO administration Address struck
20-02
KBO administration Address strikeout date corrected
event 16-01-2026
2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
24-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial Back to profitnet €87,136
Net result €87,136 after 2 loss-making years.
31-12
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 153 days late
2022
31-12
Financial Weakest financial yearnet -€36,595
Net result drops to -€36,595, the lowest in the series; recovery starts the following year.
31-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial Liquidity triplescurrent ratio 9.07
Current ratio from 3.52 to 9.07; short-term debt falls from €139,677 to €40,120.
15-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 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
5 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, Brussel · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
144 m²
Building footprint
144 m²
Volume, LiDAR
2,714 m³
Parcel 21810L2203/00G002, Brussels · tallest building 22.2 m, ±7 floors. Linked by address, not a title deed.
54 companies at this address See who is registered here
1 establishment unit
IMMOSALE
Zuidlaan 52, 1000 BrusselReal estate activities
since 20192.295.051.573
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21810L2203/00G002 Brussels 144 m² 1 · 144 m² 22.1 m · 7 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
Founded16-09-2019
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0734509833
Registered 13-10-2025

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

Register as of 30 September 2026 · Peppol Directory

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