IMMOTHEP
ActiveIMMOTHEP has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2.10M) and a net result of €-286k. Equity is shrinking by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-15
Solvency33=
Growth72=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.0 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
Sector 68
lower
← 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
-45.4%
Return on assets
-6.2%
Age of the figures
8 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.1M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
13 d late
2023
30 d late
2022
30 d late
2021
60 d late
2020
2 d early
2019
33 d late
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€209k▲ 9.2%
2019 · €192k
2018: €111k
2019: €192k
2018 → 2020
EBIT margin
-113.0%▼ 9.0pp
2019 · -104.0%
2018: -358.2%
2019: -104.0%
2018 → 2020
Net result
€-286k▲ 4.8%
2024 · €-301k
2018: €-458k
2019: €-274k
2020: €-317k
2021: €-275k
2022: €-298k
2023: €-319k
2024: €-301k
2018 → 2025
Working capital
€-5.45M▼ 2.2%
2024 · €-5.33M
2018: €-4.21M
2019: €-4.74M
2020: €-4.86M
2021: €-4.95M
2022: €-5.06M
2023: €-5.21M
2024: €-5.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-898k-€-1.20M▼ 33.1%€-1.52M▼ 26.7%€-1.82M▼ 19.9%€-2.10M▼ 15.8%
Operating result€-208k-€-231k▼ 11.1%€-240k▼ 4.2%€-222k▲ 7.8%€-217k▲ 2.1%
Net result€-275k-€-298k▼ 8.3%€-319k▼ 7.2%€-301k▲ 5.8%€-286k▲ 4.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €217k in 2025 against €222k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.63M
Fixed assets
€4.60M▼ 7.2%
Current assets
€26k▲ 181%
Key figures and ratios
EBITDA
€138k▲
2024 · €134k
Cash flow
€68k▲
2024 · €54k
Solvency
-45.4%▼
2024 · -36.6%
Current ratio
0.00▲
2024 · 0.00
Quick ratio
0.00▲
2024 · 0.00
Debt / equity
-3.20▲
2024 · -3.74
ROE
13.6%▼
2024 · 16.6%
ROA
-6.2%▼
2024 · -6.1%
Interest coverage
1.98▲
2024 · 1.69
Debt
€6.73M▼
2024 · €6.78M
Debt ≤ 1 year
€5.47M▲
2024 · €5.34M
Debt > 1 year
€1.26M▼
2024 · €1.44M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.97M€4.63M▼
Fixed assets21/28€4.96M€4.60M▼
Tangible fixed assets22/27€4.94M€4.58M▼
Land and buildings22€4.94M€4.58M▼
Furniture and vehicles24€3k-
Financial fixed assets28€19k€19k=
Current assets29/58€9k€26k▲
Amounts receivable within one year40/41€3k€17k▲
Trade receivables40€3k€17k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€4.97M€4.63M▼
Equity10/15€-1.82M€-2.10M▼
Contributions10/11€1.00M€1.00M=
Capital10€1.00M€1.00M=
Issued capital100€1.00M€1.00M=
Profit (loss) carried forward14€-2.82M€-3.10M▼
Amounts payable17/49€6.78M€6.73M▼
Amounts payable after more than one year17€1.44M€1.26M▼
Financial debts170/4€1.44M€1.26M▼
Amounts payable within one year42/48€5.34M€5.47M▲
Current portion of amounts payable after more than one year42€188k€183k▼
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€4k€6k▲
Taxes450/3€4k€6k▲
Other amounts payable47/48€4.64M€4.78M▲
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€355k€355k▼
Other operating charges640/8€17k€18k▲
Gross operating margin9900€150k€156k▲
Operating profit (loss)9901€-222k€-217k▲
Financial income75/76B€85€0▼
Recurring financial income75€85€0▼
Financial charges65/66B€79k€70k▼
Recurring financial charges65€79k€70k▼
Profit (loss) for the period before taxes9903€-301k€-286k▲
Profit (loss) for the period9904€-301k€-286k▲
Profit (loss) for the period to be appropriated9905€-301k€-286k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2.82M€-3.10M▼
Profit (loss) brought forward from the previous period14P€-2.52M€-2.82M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 33 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
NBB filing
Directors · office · real estate
Directors
3 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, Watermaal-Bosvoorde · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tumulidreef 211170 Watermaal-BosvoordeGround area
971 m²
Building footprint
140 m²
Volume, LiDAR
1,146 m³
Parcel 21652E0036/00E002, Brussels · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IMMOTHEP
since 20162.268.400.428
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0036/00E002 | Brussels | 971 m² | 1 · 140 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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GOSTART
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PAJO PLAN
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Of 7,288 companies in sector 68110 we hold annual accounts for 5,353. 3,739 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-01-2016
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.