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IMMOTEC

Active
Public limited companyfounded 199135 yrs activeOudeheerweg-Heide 63, 9250 Waasmunster, BelgiumKBO/BCE: BE 0443.255.059
Summary

IMMOTEC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151,246 and a net result of €5,202. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability71▲+1
Solvency85▲+3
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.06 in 2023; short-term debt: 39.5% and cash: 0.1% of total assets), and 39.5% of the assets are financed with debt.
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Signals

Four 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 35 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
35 d early
2023
54 d early
2022
4 d early
2021
25 d late
2020
54 d early
2019
53 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 29 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 (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

IMMOTEC was incorporated on 5 February 1991.1 Total assets went from EUR 273,694 in 2018 to EUR 250,029 in 2024.2

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

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Financials · fiscal year 2024, abbreviated schema

Equity
€151,246▲ 3.6%
2023 · €146,044
Total assets
€250,029▼ 1.7%
2023 · €254,299
Net result
€5,202▲ 146%
2023 · €2,116
Working capital
-€96,648▲ 5.1%
2023 · -€101,850
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€416€404▼ 2.8%€997▲ 147%€2,227▲ 123%€5,327▲ 139%
Net result€356€355▼ 0.3%€906▲ 155%€2,116▲ 133%€5,202▲ 146%
Equity€142,667▲ 0.3%€143,022▲ 0.2%€143,928▲ 0.6%€146,044▲ 1.5%€151,246▲ 3.6%
Total assets€267,581=€257,127▼ 3.9%€255,599▼ 0.6%€254,299▼ 0.5%€250,029▼ 1.7%
Debt€124,914▼ 0.4%€114,105▼ 8.7%€111,671▼ 2.1%€108,255▼ 3.1%€98,783▼ 8.7%
Working capital-€116,790▲ 3.5%-€112,581▲ 3.6%-€107,820▲ 4.2%-€101,850▲ 5.5%-€96,648▲ 5.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€2,000€4,000€6,000Operating result 2020: €416€416Net result 2020: €356€356Operating result 2021: €404€404Net result 2021: €355€355Operating result 2022: €997€997Net result 2022: €906€906Operating result 2023: €2,227€2,227Net result 2023: €2,116€2,116Operating result 2024: €5,327€5,327Net result 2024: €5,202€5,20220202021202220232024€0€2,000€4,000€6,000Operating result 2022: €997€997Net result 2022: €906€906Operating result 2023: €2,227€2,230Net result 2023: €2,116€2,120Operating result 2024: €5,327€5,330Net result 2024: €5,202€5,200202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 139% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €250,029
Fixed assets €247,894 =
Current assets €2,136 ▼ 66.7%
Equity and liabilities €250,029
Equity €151,246 ▲ 3.6%
Debt €98,783 ▼ 8.7%
Debt's share of the balance-sheet total falls from 42.6% to 39.5%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€5,327▼
2023 · €6,081
Cash flow
€5,202▼
2023 · €5,970
Current ratio
0.02▼
2023 · 0.06
Debt to equity
0.65▼
2023 · 0.74
ROE
3.4%▲
2023 · 1.4%
ROA
2.1%▲
2023 · 0.8%
Interest coverage
42.17▼
2023 · 54.54
Debt ≤ 1 year
€98,783▼
2023 · €108,255
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.5% went bankrupt
4.9% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 16,986 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 · 35 lines
Balance sheet Code20232024
Assets
Total assets20/58€254,299€250,029▼
Fixed assets21/28€247,894€247,894=
Tangible fixed assets22/27€247,894€247,894=
Land and buildings22€247,894€247,894=
Current assets29/58€6,406€2,136▼
Cash at bank and in hand54/58€4,568€189▼
Deferred charges and accrued income490/1€1,838€1,947▲
Equity and liabilities
Total equity and liabilities10/49€254,299€250,029▼
Equity10/15€146,044€151,246▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€84,544€89,746▲
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Distributable reserves133€78,394€83,596▲
Amounts payable17/49€108,255€98,783▼
Amounts payable within one year42/48€108,255€98,783▼
Trade debts44€482€1,043▲
Suppliers440/4€482€1,043▲
Other amounts payable47/48€107,774€97,741▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,855€0▼
Other operating charges640/8€3,283€3,202▼
Gross operating margin9900€9,365€8,529▼
Operating profit (loss)9901€2,227€5,327▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€112€126▲
Recurring financial charges65€112€126▲
Profit (loss) for the period before taxes9903€2,116€5,202▲
Profit (loss) for the period9904€2,116€5,202▲
Profit (loss) for the period to be appropriated9905€2,116€5,202▲
Appropriation of the result
Profit (loss) to be appropriated9906€2,116€5,202▲
Transfer to equity691/2€2,116€5,202▲
To other reserves6921€2,116€5,202▲

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

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,855€3,855€3,855€3,855€0▼ 100%
Other operating charges640/8-€2,453€2,496€3,283€3,202▼ 2.5%
Gross operating margin9900€6,710€6,712€7,348€9,365€8,529▼ 8.9%
Operating profit (loss)9901€416€404€997€2,227€5,327▲ 139%
Financial income75/76B-€2€25€0€1▲ 127%
Recurring financial income75€0€2€25€0€1▲ 127%
Financial charges65/66B-€51€115€112€126▲ 13.3%
Recurring financial charges65€60€51€115€112€126▲ 13.3%
Profit (loss) for the period before taxes9903€356€355€906€2,116€5,202▲ 146%
Profit (loss) for the period9904€356€355€906€2,116€5,202▲ 146%
Profit (loss) for the period to be appropriated9905€356€355€906€2,116€5,202▲ 146%
Line20202021202220232024Change
Assets
Total assets20/58€267,581€257,127€255,599€254,299€250,029▼ 1.7%
Fixed assets21/28€259,457€255,603€251,748€247,894€247,894=
Tangible fixed assets22/27€259,457€255,603€251,748€247,894€247,894=
Land and buildings22-€255,603€251,748€247,894€247,894=
Current assets29/58€8,124€1,524€3,851€6,406€2,136▼ 66.7%
Amounts receivable within one year40/41€0-----
Cash at bank and in hand54/58€6,678€21€2,185€4,568€189▼ 95.9%
Deferred charges and accrued income490/1-€1,503€1,666€1,838€1,947▲ 5.9%
Equity and liabilities
Total equity and liabilities10/49€267,581€257,127€255,599€254,299€250,029▼ 1.7%
Equity10/15€142,667€143,022€143,928€146,044€151,246▲ 3.6%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13€81,167€81,522€82,428€84,544€89,746▲ 6.2%
Non-distributable reserves130/1-€52,695€6,150€6,150€6,150=
Legal reserve130-€52,695€6,150€6,150€6,150=
Distributable reserves133-€28,827€76,278€78,394€83,596▲ 6.6%
Amounts payable17/49€124,914€114,105€111,671€108,255€98,783▼ 8.7%
Amounts payable within one year42/48€124,914€114,105€111,671€108,255€98,783▼ 8.7%
Financial debts43-€204€0---
Credit institutions430/8-€204€0---
Trade debts44€167€0€174€482€1,043▲ 117%
Suppliers440/4-€0€174€482€1,043▲ 117%
Other amounts payable47/48-€113,901€111,497€107,774€97,741▼ 9.3%
Line20202021202220232024Change
Profit (loss) for the period9904€356€355€906€2,116€5,202▲ 146%
+ Depreciation and write-downs630€3,855€3,855€3,855€3,855€0▼ 100%
Operating cash flow (approximation)€4,211€4,210€4,761€5,970€5,202▼ 12.9%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€6,658€2,165€2,382-€4,379▼ 284%

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
26-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Equity above €150,000Eq €151,246 ▲3.6%
5 profitable years in a row build equity to €151,246.
07-06
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
07-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Back to profitnet €356
Net result €356 after one loss-making year.
08-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial Weakest financial yearnet -€6,986
Net result drops to -€6,986, the lowest in the series; recovery starts the following year.
13-06
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-06
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-06
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts

We know of 10 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
10 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, Waasmunster · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
288 m²
Building footprint
288 m²
Volume, LiDAR
1,555 m³
Parcel 42023B0605/00C000, Flanders · tallest building 14.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oudeheerweg-Heide 63, 9250 Waasmunster
Manufacture of basic metals
since 19912.052.082.213
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42023B0605/00C000 Flanders 288 m² 1 · 288 m² 14.4 m · 2 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.

Recognitions · licences · registrations

Legal Entity Identifier

894500GUHW9BKYBLV585
no longer live in the LEI register

Identification & contact

Identification
Legal formPublic limited company
Founded05-02-1991
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.

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.

General meetings

1 convocation
General meeting
at the registered office · published 14-05-2009
Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuur- ders. Divers. (AOPC-1-9-02116/14.05)