IMMOSTART
ActiveSummary
IMMOSTART has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€34,261) and a net result of -€26,096. Equity is shrinking by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-14
Solvency16▼-7
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 1.13 in 2024; short-term debt: 65.5% and cash: 0.4% 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-9.1%
Return on assets
-6.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€34,261
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 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
30 d late
2023
8 d early
2022
1 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 1 day before 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 28 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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, micro schema
Turnover
€25,132
EBIT margin
-77.2%
Net result
-€26,096
2024 · €19,311
Working capital
-€51,771
2024 · €26,823
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
Turnover€25,132-
Operating result-€19,412-€10,313€3,270▼ 68.3%-€24,193-€18,412▲ 23.9%
Net result-€22,566below the sector's middle half-€94within the sector's middle half-€7,005within the sector's middle half€19,311within the sector's middle half-€26,096below the sector's middle half
EBIT margin-77.2%-
Equity-€20,566below the sector's middle half--€20,471below the sector's middle half▲ 0.5%-€27,477below the sector's middle half▼ 34.2%-€8,166below the sector's middle half▲ 70.3%-€34,261below the sector's middle half▼ 320%
Total assets€499,517within the sector's middle half-€614,933within the sector's middle half▲ 23.1%€628,263within the sector's middle half▲ 2.2%€421,859within the sector's middle half▼ 32.9%€376,671within the sector's middle half▼ 10.7%
Debt€520,083-€635,405▲ 22.2%€655,740▲ 3.2%€430,025▼ 34.4%€410,932▼ 4.4%
Working capital€27,602within the sector's middle half--€9,775within the sector's middle half-€42,550within the sector's middle half▼ 335%€26,823within the sector's middle half-€51,771within the sector's middle half
Solvency-4.1%below the sector's middle half--3.3%below the sector's middle half▲ 0.8pp-4.4%below the sector's middle half▼ 1.0pp-1.9%below the sector's middle half▲ 2.4pp-9.1%below the sector's middle half▼ 7.2pp
Current ratio1.22within the sector's middle half-0.94within the sector's middle half▼ 0.280.79within the sector's middle half▼ 0.151.13within the sector's middle half▲ 0.340.79within the sector's middle half▼ 0.34
Return on assets (ROA)-4.5%below the sector's middle half-0.0%within the sector's middle half▲ 4.5pp-1.1%within the sector's middle half▼ 1.1pp4.6%within the sector's middle half▲ 5.7pp-6.9%below the sector's middle half▼ 11.5pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,412 in 2025 against €24,193 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €376,671
Fixed assets
€181,884 ▼ 3.5%
Current assets
€194,787 ▼ 16.6%
Key figures and ratios
EBITDA
-€9,746▲
2024 · -€13,956
Cash flow
-€17,429▼
2024 · €29,548
Quick ratio
0.23▼
2024 · 0.46
Debt to equity
-11.99▲
2024 · -52.66
Interest coverage
-1.24▼
2024 · -0.47
Debt ≤ 1 year
€246,558▲
2024 · €206,625
Debt > 1 year
€164,374▼
2024 · €223,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.0% 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%.
| 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 1,564 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €25,132 | - | - | - | - | - |
| Non-recurring operating income76A | - | €766 | - | - | €1,210 | - |
| Goods, raw materials, services and sundry goods60/61 | €32,000 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,912 | €8,103 | €14,195 | €10,237 | €8,666 | ▼ 15.3% |
| Other operating charges640/8 | €1,632 | €4,391 | €4,656 | €4,687 | €4,501 | ▼ 4.0% |
| Non-recurring operating charges66A | - | - | - | - | €1,244 | - |
| Gross operating margin9900 | -€6,868 | €22,807 | €22,122 | -€9,270 | -€4,000 | ▲ 56.8% |
| Operating profit (loss)9901 | -€19,412 | €10,313 | €3,270 | -€24,193 | -€18,412 | ▲ 23.9% |
| Financial income75/76B | €2,249 | €1 | €0 | €73,467 | €173 | ▼ 99.8% |
| Recurring financial income75 | €2,249 | €1 | €0 | €0 | €173 | ▲ 66,323% |
| Non-recurring financial income76B | - | - | - | €73,467 | - | - |
| Financial charges65/66B | €5,402 | €10,219 | €10,276 | €29,963 | €7,856 | ▼ 73.8% |
| Recurring financial charges65 | €5,402 | €10,219 | €10,276 | €29,963 | €7,856 | ▼ 73.8% |
| Profit (loss) for the period before taxes9903 | -€22,566 | €94 | -€7,005 | €19,311 | -€26,096 | ▼ 235% |
| Income taxes67/77 | - | - | €0 | €0 | - | - |
| Profit (loss) for the period9904 | -€22,566 | €94 | -€7,005 | €19,311 | -€26,096 | ▼ 235% |
| Profit (loss) for the period to be appropriated9905 | -€22,566 | €94 | -€7,005 | €19,311 | -€26,096 | ▼ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €499,517 | €614,933 | €628,263 | €421,859 | €376,671 | ▼ 10.7% |
| Fixed assets21/28 | €345,646 | €452,409 | €469,401 | €188,411 | €181,884 | ▼ 3.5% |
| Tangible fixed assets22/27 | €345,646 | €345,409 | €362,401 | €169,661 | €163,134 | ▼ 3.8% |
| Land and buildings22 | €336,178 | €335,846 | €353,841 | €163,969 | €158,555 | ▼ 3.3% |
| Plant, machinery and equipment23 | €805 | €1,509 | €3,033 | €2,693 | €3,216 | ▲ 19.4% |
| Furniture and vehicles24 | €8,663 | €8,054 | €5,526 | €2,999 | €1,363 | ▼ 54.5% |
| Financial fixed assets28 | - | €107,000 | €107,000 | €18,750 | €18,750 | = |
| Current assets29/58 | €153,870 | €162,525 | €158,863 | €233,448 | €194,787 | ▼ 16.6% |
| Stocks and contracts in progress3 | €136,445 | €137,445 | €137,445 | €137,445 | €137,445 | = |
| Stocks30/36 | €136,445 | €137,445 | €137,445 | €137,445 | €137,445 | = |
| Amounts receivable within one year40/41 | €8,672 | €14,035 | €11,984 | €34,714 | €55,406 | ▲ 59.6% |
| Trade receivables40 | €1,210 | €6,011 | €1,244 | €823 | €18,613 | ▲ 2,162% |
| Other amounts receivable41 | €7,462 | €8,025 | €10,740 | €33,892 | €36,793 | ▲ 8.6% |
| Current investments50/53 | €90 | €90 | €91 | €91 | €91 | = |
| Cash at bank and in hand54/58 | €7,474 | €10,020 | €8,661 | €60,890 | €1,552 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | €1,190 | €934 | €682 | €308 | €293 | ▼ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €499,517 | €614,933 | €628,263 | €421,859 | €376,671 | ▼ 10.7% |
| Equity10/15 | -€20,566 | -€20,471 | -€27,477 | -€8,166 | -€34,261 | ▼ 320% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€22,566 | -€22,471 | -€29,477 | -€10,166 | -€36,261 | ▼ 257% |
| Amounts payable17/49 | €520,083 | €635,405 | €655,740 | €430,025 | €410,932 | ▼ 4.4% |
| Amounts payable after more than one year17 | €393,814 | €463,105 | €454,328 | €223,400 | €164,374 | ▼ 26.4% |
| Financial debts170/4 | €392,014 | €461,205 | €452,428 | €221,500 | €162,474 | ▼ 26.6% |
| Other amounts payable178/9 | €1,800 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Amounts payable within one year42/48 | €126,269 | €172,299 | €201,412 | €206,625 | €246,558 | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | €26,390 | €26,965 | €27,256 | €17,725 | €15,939 | ▼ 10.1% |
| Trade debts44 | €1,538 | €4,725 | €12,033 | €9,379 | €11,975 | ▲ 27.7% |
| Suppliers440/4 | €1,538 | €4,725 | €12,033 | €9,379 | €11,975 | ▲ 27.7% |
| Taxes, remuneration and social security45 | - | - | - | €3,732 | €3,732 | = |
| Taxes450/3 | - | - | - | €3,732 | €3,732 | = |
| Other amounts payable47/48 | €98,342 | €140,609 | €162,123 | €175,789 | €214,913 | ▲ 22.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,566 | €94 | -€7,005 | €19,311 | -€26,096 | ▼ 235% |
| + Depreciation and write-downs630 | €10,912 | €8,103 | €14,195 | €10,237 | €8,666 | ▼ 15.3% |
| Operating cash flow (approximation) | -€11,654 | €8,198 | €7,190 | €29,548 | -€17,429 | ▼ 159% |
| Investment in fixed assets (approximation) | - | -€114,865 | -€31,187 | €270,753 | -€2,140 | ▼ 101% |
| Change in cash | - | €2,546 | -€1,360 | €52,229 | -€59,338 | ▼ 214% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€26,096
Net result drops to -€26,096, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €19,311
Net result €19,311 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €94
Net result €94 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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 2020
Ground area
306 m²
Building footprint
112 m²
Volume, LiDAR
1,391 m³
Parcel 52026D0485/00F002, Wallonia · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Immostart
since 20202.307.836.965
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52026D0485/00F002 | Wallonia | 306 m² | 1 · 112 m² | 14.7 m · 4 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.
Similar companies · same sector and region
ALPHAR GILLY
BE 0874.513.594
Charleroi
FRANCE RETAIL
BE 0819.126.594
Charleroi
MPNC INVEST
BE 0697.971.913
Charleroi
T-TRA CONSTRUCTIONS
BE 0449.440.986
Charleroi
VALIMMO INVEST
BE 0789.428.164
Charleroi
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
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
68204Real estate activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749743979
Also
9925:BE0749743979
Registered
11-09-2025
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.