Equity
€2.1m ▼ 0.1%
IMMOTIL paid out €14,000 in dividends. That is 125% of the 2025 profit.
IMMOTIL
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1994peak €115,626 (2025)
€115,626▲ 154%
peak €1.3m (2024)
€11,216▼ 99.1%
peak €2.1m (2024)
€2.1m▼ 0.1%
€314,567▲ 52.2%
Board3 names since 2016
3 directorsWATRIN Loïc and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from €45,529 to €115,626Result from €1.3m to €11,216Registered office moved within Bassenge 04-02Dividend €14,000Debts from €206,663 to €314,567Investments €317,672
Key points
from the 2025 annual accountsResult
€11,216 ▼ 99.1%
The result fell in 2025: the 2024 profit included a one-off income of €1.8m.
Debts
€314,567 ▲ 52.2%
Debts rose by €107,904 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€318,222 3.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 81.6% higher than in 2024.
Filings
31 annual accounts since 1994
Seven of the last ten came late. The 2024 accounts came latest: 144 days after the end of the period.
Position in the sector
82.2%
Higher solvency than 86% of companies in real estate. Sector median 30.7% · 11,299 companies.
Checked score
95
Excellent
Financially stronger than 75% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%▲ +0.1 percentage points vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▲ +0.2 percentage points vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.7%▲ +0.2 percentage points vs 11-2025highest value
01-2026: 0.2%▼ -0.5 percentage points vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.2%▼ -0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
No registered site in the KBO
lowers risk
Liquidity: current ratio 8.26, cash €984,238
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 92% of them on solvency, 98% on liquidity, 70% on profitability and 42% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as IMMOTIL has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMOTIL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for IMMOTIL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.26 (9.66 in 2024), above the usual 1.5. Short-term debt is 8.7% and cash 38.2% of total assets. 17.8% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
144 days late
2023
31 days late
2022
24 days late
2021
2 days early
2020
30 days late
2019
40 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 43 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448094072
Registered office moved within Bassenge
New registered office: Rue Baudouin 1er 18 à 4690 BASSENGE · Previous registered office: Rue de la Résistance 44 A 4690 BASSENGE · General meeting of 24-10-2024 · Gazette deed
3 directors reappointed
WATRIN Thierry, WATRIN Loïc and WATRIN Lucas · Director discharge: WATRIN Thierry (managing director) · Director discharge: WATRIN Loïc · General meeting of 14-11-2023 · Gazette deed
Appointment: Luças Watrin (director)
General meeting of 05-05-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMOTIL Bassenge | €2.6m | €115,626 | 82.2% | - |
| FABY Liège | €2.6m | €102,987 | 10.8% | - |
| HELLO IMMO Pecq | €2.4m | €123,293 | 18.6% | - |
| IMMO MTS Ghent | €2.7m | €104,566 | 92.3% | - |
| SCHOONMAAKBEDRIJF LVM Maaseik | €2.6m | €110,701 | 7.1% | - |
| VAN DYCK Knokke-Heist | €2.2m | €112,613 | 79.5% | - |
| KLAVER ZEVEN Ghent | €2.2m | €127,706 | 9.3% | - |
These companies have the same main activity as IMMOTIL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.2m and €2.7m, founded between 1987 and 1996.
Official details
Source: KBO- Status
- Active since 24-08-1992Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Insights on IMMOTIL
IMMOTIL files the abbreviated format. That format states no turnover. The gross margin rose from €42,565 in 2006 to €115,626 in 2025.
In December 2023, the Official Gazette published the appointment of WATRIN Thierry as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMOTIL
- What is the company number of IMMOTIL?
- The company number of IMMOTIL is 0448.094.072. The VAT number is the same number with BE in front: BE 0448.094.072.
- Where is IMMOTIL based?
- The registered office is at Rue Baudouin Premier 18, 4690 Bassenge.Company details
- What does IMMOTIL do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of IMMOTIL?
- IMMOTIL is a public limited company (NV).
- When was IMMOTIL founded?
- IMMOTIL was founded on 24-08-1992.
- Is IMMOTIL still active?
- Yes, IMMOTIL is an active enterprise in the KBO register.
- What is the turnover of IMMOTIL?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €115,626 and 37 comparable companies (NACE 68203). It probably lies between €120,000 and €250,000.Financials
- Is IMMOTIL profitable?
- In financial year 2025, IMMOTIL made a profit of €11,216.
- Where can I find the annual accounts of IMMOTIL?
- IMMOTIL filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMOTIL due?
- IMMOTIL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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