IMMOTRION
ActiveIMMOTRION has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.75M and a net result of €-808k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 65% of 9167 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-4
Solvency74▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 3.4 in 2024; short-term debt: 5.8% and cash: 0.9% of total assets), but 50.8% of the assets are financed with debt.
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
49.2%
Return on assets
-8.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-808k
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
70 d early
2023
33 d early
2022
14 d early
2021
44 d early
2020
17 d late
2019
20 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€4.75M▼ 14.5%
2024 · €5.56M
2018: €6.08M
2019: €5.91M
2020: €5.99M
2021: €5.76M
2022: €5.77M
2023: €5.73M
2024: €5.56M
2018 → 2025
Total assets
€9.66M▼ 12.2%
2024 · €10.99M
2018: €7.57M
2019: €9.05M
2020: €10.54M
2021: €12.96M
2022: €12.27M
2023: €11.66M
2024: €10.99M
2018 → 2025
Net result
€-808k▼ 373%
2024 · €-171k
2018: €253k
2019: €-173k
2020: €83k
2021: €-230k
2022: €11k
2023: €-40k
2024: €-171k
2018 → 2025
Working capital
€1.01M▼ 24.4%
2024 · €1.33M
2018: €6.01M
2019: €4.06M
2020: €3.90M
2021: €2.41M
2022: €1.99M
2023: €1.79M
2024: €1.33M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5.76M-€5.77M▲ 0.2%€5.73M▼ 0.7%€5.56M▼ 3.0%€4.75M▼ 14.5%
Operating result€-379k-€-80k▲ 78.8%€-110k▼ 37.2%€-245k▼ 122%€-885k▼ 262%
Net result€-230k-€11k€-40k€-171k▼ 330%€-808k▼ 373%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €885k in 2025 against €245k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.66M
Fixed assets
€8.09M▼ 11.2%
Current assets
€1.57M▼ 16.9%
Equity and liabilities €9.66M
Equity
€4.75M▼ 14.5%
Provisions
€946k▼ 6.7%
Debt
€3.96M▼ 10.5%
The debt ratio rises from 40.2% to 41.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€182k▲
2024 · €169k
Cash flow
€259k▲
2024 · €242k
Solvency
49.2%▼
2024 · 50.6%
Current ratio
2.79▼
2024 · 3.40
Quick ratio
2.79▼
2024 · 3.40
Debt / equity
0.83▲
2024 · 0.80
ROE
-17.0%▼
2024 · -3.1%
ROA
-8.4%▼
2024 · -1.6%
Interest coverage
2.93▲
2024 · 2.44
Debt
€3.96M▼
2024 · €4.42M
Debt ≤ 1 year
€561k▲
2024 · €554k
Debt > 1 year
€3.39M▼
2024 · €3.87M
Income taxes
€79▼
2024 · €36k
Staff costs
€0▼
2024 · €44
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€10.99M€9.66M▼
Fixed assets21/28€9.11M€8.09M▼
Tangible fixed assets22/27€9.11M€8.09M▼
Land and buildings22€9.09M€8.09M▼
Furniture and vehicles24€17k€0▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.88M€1.57M▼
Amounts receivable within one year40/41€1.85M€1.48M▼
Trade receivables40€28k€26k▼
Other amounts receivable41€1.83M€1.46M▼
Cash at bank and in hand54/58€19k€82k▲
Deferred charges and accrued income490/1€12k€3k▼
Equity and liabilities
Total equity and liabilities10/49€10.99M€9.66M▼
Equity10/15€5.56M€4.75M▼
Contributions10/11€2.10M€2.10M=
Capital10€2.10M€2.10M=
Issued capital100€2.10M€2.10M=
Reserves13€3.12M€2.92M▼
Non-distributable reserves130/1€79k€79k=
Legal reserve130€79k€79k=
Tax-exempt reserves132€3.04M€2.84M▼
Profit (loss) carried forward14€340k€-264k▼
Provisions and deferred taxes16€1.01M€946k▼
Deferred taxes168€1.01M€946k▼
Amounts payable17/49€4.42M€3.96M▼
Amounts payable after more than one year17€3.87M€3.39M▼
Financial debts170/4€3.87M€3.39M▼
Amounts payable within one year42/48€554k€561k▲
Current portion of amounts payable after more than one year42€476k€528k▲
Trade debts44€21k€835▼
Suppliers440/4€21k€835▼
Taxes, remuneration and social security45€50k€25k▼
Taxes450/3€47k€23k▼
Remuneration and social security454/9€2k€2k▼
Other amounts payable47/48€7k€7k=
Accrued charges and deferred income492/3-€7k
Income statement
Code20242025
Remuneration, social security and pensions62€44€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€413k€1.07M▲
Other operating charges640/8€69k€55k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€237k€237k▼
Operating profit (loss)9901€-245k€-885k▼
Financial income75/76B€88k€72k▼
Recurring financial income75€88k€72k▼
Financial charges65/66B€69k€62k▼
Recurring financial charges65€69k€62k▼
Profit (loss) for the period before taxes9903€-226k€-875k▼
Transfer from deferred taxes780€91k€68k▼
Income taxes67/77€36k€79▼
Profit (loss) for the period9904€-171k€-808k▼
Transfer from tax-exempt reserves789€273k€203k▼
Profit (loss) for the period to be appropriated9905€102k€-605k▼
Appropriation of the result
Profit (loss) to be appropriated9906€346k€-264k▼
Profit (loss) brought forward from the previous period14P€244k€340k▲
Transfer to equity691/2€5k€0▼
To the legal reserve6920€5k€0▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (23 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-808k
Net result drops to €-808k, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Gent · 1 establishment unit since 2003
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.
Gordunakaai 879000 GentGround area
9,646 m²
Building footprint
298 m²
Volume, LiDAR
45 m³
Parcel 44809I0157/00M000, Flanders · tallest building 2.5 m. Linked by address, not a title deed.
1 establishment unit
Gordunakaai 87, 9000 Gent
since 20032.124.945.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0157/00M000 | Flanders | 9,646 m² | 1 · 297 m² | 2.5 m |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 17,500 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 17,500 EUR | 0 EUR |
Schemes
Call groene stroom (stopgezet)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 1,906 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-06-1989
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
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
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.