Immothe
ActiveSummary
Immothe has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €16,882. Equity is shrinking by ~18.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 95% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 2.09 against 19.97 in 2024; short-term debt: 1.3% and cash: 2.4% of total assets), and 1.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
98.1%
Return on assets
0.6%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
58 d early
2024
106 d early
2023
28 d late
2022
45 d early
2021
2 d early
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by equity in Essen, Real estate sector#3 company by total assets in Essen, Real estate sector
Equity
€2.8m▲ 0.6%
2024 · €2.8m
Total assets
€2.9m▲ 1.3%
2024 · €2.8m
Net result
€16,882▼ 49.0%
2024 · €33,070
Working capital
€39,218▼ 90.0%
2024 · €392,422
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
Operating result€59,957▲ 136%€44,158▼ 26.4%€43,977▼ 0.4%€45,214▲ 2.8%€30,941▼ 31.6%
Net result€178,761▼ 45.1%€3.5m▲ 1,846%€25,837▼ 99.3%€33,070▲ 28.0%€16,882▼ 49.0%
Equity€6.1m▼ 20.4%€2.7m▼ 55.3%€2.8m▲ 0.9%€2.8m▲ 1.2%€2.8m▲ 0.6%
Total assets€8.2m▲ 0.5%€9.6m▲ 17.4%€2.8m▼ 70.8%€2.8m▲ 0.7%€2.9m▲ 1.3%
Debt€2.1m▲ 357%€6.9m▲ 233%€33,460▼ 99.5%€20,686▼ 38.2%€41,840▲ 102%
Working capital€5.0m▼ 24.0%€191,428▼ 96.1%€288,449▲ 50.7%€392,422▲ 36.0%€39,218▼ 90.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.8m ▲ 15.6%
Current assets
€75,075 ▼ 81.8%
Equity and liabilities €2.9m
Equity
€2.8m ▲ 0.6%
Provisions
€11,314 ▼ 3.4%
Debt
€41,840 ▲ 102%
Debt's share of the balance-sheet total rises from 0.7% to 1.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€102,096▼
2024 · €116,511
Cash flow
€88,036▼
2024 · €104,367
Current ratio
2.09▼
2024 · 19.97
Debt to equity
0.01▲
2024 · 0.01
ROE
0.6%▼
2024 · 1.2%
ROA
0.6%▼
2024 · 1.2%
Interest coverage
2527.14▼
2024 · 2678.42
Debt ≤ 1 year
€35,856▲
2024 · €20,686
Income taxes
€14,413▲
2024 · €12,495
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €17,600 | - | - | - | €6,886 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,811 | €71,811 | €71,578 | €71,297 | €71,155 | ▼ 0.2% |
| Other operating charges640/8 | €59,531 | €59,251 | €64,944 | €67,547 | €69,814 | ▲ 3.4% |
| Gross operating margin9900 | €193,299 | €175,220 | €180,499 | €184,058 | €171,911 | ▼ 6.6% |
| Operating profit (loss)9901 | €59,957 | €44,158 | €43,977 | €45,214 | €30,941 | ▼ 31.6% |
| Financial income75/76B | €134,507 | €3.4m | - | - | - | - |
| Recurring financial income75 | €134,507 | €3.4m | - | - | - | - |
| Financial charges65/66B | €11,238 | €46 | €47 | €44 | €40 | ▼ 7.1% |
| Recurring financial charges65 | €11,238 | €46 | €47 | €44 | €40 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €183,225 | €3.5m | €43,930 | €45,170 | €30,901 | ▼ 31.6% |
| Transfer from deferred taxes780 | €237 | €394 | €394 | €394 | €394 | = |
| Income taxes67/77 | €4,702 | €12,000 | €18,487 | €12,495 | €14,413 | ▲ 15.4% |
| Profit (loss) for the period9904 | €178,761 | €3.5m | €25,837 | €33,070 | €16,882 | ▼ 49.0% |
| Transfer from tax-exempt reserves789 | €712 | €1,181 | €1,181 | €1,181 | €1,181 | = |
| Profit (loss) for the period to be appropriated9905 | €179,473 | €3.5m | €27,018 | €34,251 | €18,063 | ▼ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.2m | €9.6m | €2.8m | €2.8m | €2.9m | ▲ 1.3% |
| Fixed assets21/28 | €1.2m | €2.6m | €2.5m | €2.4m | €2.8m | ▲ 15.6% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.0m | €975,830 | €904,675 | ▼ 7.3% |
| Land and buildings22 | €1.1m | €1.1m | €994,497 | €931,701 | €869,012 | ▼ 6.7% |
| Other tangible fixed assets26 | €69,587 | €61,108 | €52,630 | €44,128 | €35,663 | ▼ 19.2% |
| Financial fixed assets28 | - | €1.4m | €1.4m | €1.4m | €1.9m | ▲ 31.0% |
| Current assets29/58 | €7.0m | €7.1m | €321,909 | €413,108 | €75,075 | ▼ 81.8% |
| Amounts receivable within one year40/41 | €3.2m | €7.1m | €291,995 | €258,371 | €7,132 | ▼ 97.2% |
| Trade receivables40 | €30,000 | €208,206 | €291,995 | €258,371 | €7,132 | ▼ 97.2% |
| Other amounts receivable41 | €3.2m | €6.9m | - | - | - | - |
| Current investments50/53 | €3.8m | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €4,193 | €29,914 | €154,737 | €67,943 | ▼ 56.1% |
| Deferred charges and accrued income490/1 | €8,694 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.2m | €9.6m | €2.8m | €2.8m | €2.9m | ▲ 1.3% |
| Equity10/15 | €6.1m | €2.7m | €2.8m | €2.8m | €2.8m | ▲ 0.6% |
| Contributions10/11 | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Reserves13 | €6.0m | €2.6m | €2.7m | €2.7m | €2.7m | ▲ 0.6% |
| Non-distributable reserves130/1 | €18,852 | €18,852 | €18,852 | €18,852 | €18,852 | = |
| Reserves not available under the articles1311 | €18,852 | €18,852 | €18,852 | €18,852 | €18,852 | = |
| Tax-exempt reserves132 | €38,667 | €37,486 | €36,304 | €35,123 | €33,941 | ▼ 3.4% |
| Distributable reserves133 | €6.0m | €2.6m | €2.6m | €2.6m | €2.6m | ▲ 0.7% |
| Provisions and deferred taxes16 | €12,889 | €12,495 | €12,101 | €11,708 | €11,314 | ▼ 3.4% |
| Deferred taxes168 | €12,889 | €12,495 | €12,101 | €11,708 | €11,314 | ▼ 3.4% |
| Amounts payable17/49 | €2.1m | €6.9m | €33,460 | €20,686 | €41,840 | ▲ 102% |
| Amounts payable within one year42/48 | €2.1m | €6.9m | €33,460 | €20,686 | €35,856 | ▲ 73.3% |
| Trade debts44 | €167 | €1,035 | €971 | - | €5,941 | - |
| Suppliers440/4 | €167 | €1,035 | €971 | - | €5,941 | - |
| Taxes, remuneration and social security45 | €1,050 | €13,050 | €25,743 | €13,800 | €22,788 | ▲ 65.1% |
| Taxes450/3 | €1,050 | €13,050 | €25,743 | €13,800 | €22,788 | ▲ 65.1% |
| Other amounts payable47/48 | €2.1m | €6.9m | €6,746 | €6,886 | €7,127 | ▲ 3.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,984 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €178,761 | €3.5m | €25,837 | €33,070 | €16,882 | ▼ 49.0% |
| + Depreciation and write-downs630 | €73,811 | €71,811 | €71,578 | €71,297 | €71,155 | ▼ 0.2% |
| Operating cash flow (approximation) | €252,572 | €3.5m | €97,415 | €104,367 | €88,036 | ▼ 15.6% |
| Investment in fixed assets (approximation) | - | -€1.4m | €0 | €0 | -€446,830 | - |
| Change in cash | - | - | €25,721 | €124,823 | -€86,794 | ▼ 170% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 19.97
Current ratio from 9.62 to 19.97; short-term debt falls from €33,460 to €20,686.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Liquidity times 9current ratio 9.62
Current ratio from 1.03 to 9.62; short-term debt falls from €6.9m to €33,460.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €3.5m ▲1,846%
Net result €3.5m, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 98 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
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, Essen · 1 establishment unit since 2017
Ground area
7.0 ha
Building footprint
1.7 ha
Volume, LiDAR
96,840 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Immothe
since 20172.271.712.086
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016B0139/00A000 | Flanders | 5.7 ha | - | - |
| 11016B0718/00B000 | Flanders | 1.3 ha | 1 · 1.7 ha | 7.7 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
- Conthent
- Immothe
Highest known parent: Conthent. The sources do not say who stands above it.
Owners 1
- ConthentparentSourceaccounts Conthent 202599.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 3,905 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-12-2017
Fiscal year end31-12
Activities, NACEBEL 2025
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685815041
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.