IMMOTRUST
InactiveFinancials · financial year 2025, micro format
Turnover
≈ €1.9m
Estimated: probably between €1.3m and €2.7m
Total assets
€5.7m▲ 104%
2023 · €2.8m
Net result
€590,381
2023 · -€9,116
Working capital
€3.0m▲ 46.9%
2023 · €2.0m
Trend over the years
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result is €679,172 in 2025, compared with -€13,716 in 2023. Comparable figures for the intervening years are unavailable.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.7m
2025
Net result€0.6m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.7m
2025
Equity€3.1m
2025
Debt€2.3m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3.0m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232025
Operating result€0.3m-€1.2m▲ 268%€0.1m▼ 87.7%€0.1m▲ 2.6%€0.09m▼ 35.3%-€0.01m€0.7m-
Net result€0.3m-€0.8m▲ 222%€0.09m▼ 88.6%€0.1m▲ 3.2%€0.06m▼ 33.8%-€0.009m€0.6m-
Equity€1.5m-€2.3m▲ 56.1%€2.4m▲ 4.1%€2.5m▲ 4.0%€2.5m▲ 2.6%€2.5m▼ 0.4%€3.1m-
Total assets€2.0m-€2.7m▲ 39.8%€2.8m▲ 2.2%€2.7m▼ 3.1%€2.7m▲ 0.9%€2.8m▲ 1.9%€5.7m-
Debt€0.4m-€0.3m▼ 10.2%€0.3m▼ 8.2%€0.1m▼ 57.7%€0.09m▼ 27.5%€0.2m▲ 69.5%€2.3m-
Working capital€0.4m-€1.5m▲ 303%€1.6m▲ 7.6%€1.7m▲ 10.1%€2.1m▲ 21.7%€2.0m▼ 3.8%€3.0m-
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €5.7m
Fixed assets
€2.5m ▲ 304%
Current assets
€3.2m ▲ 47.9%
Equity and liabilities €5.7m
Equity
€3.1m ▲ 23.4%
Provisions
€276,526 ▲ 187%
Debt
€2.3m ▲ 14×
Debt's share of the balance-sheet total rises from 5.8% to 40.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€694,404▲
2023 · €22,684
Cash flow
€605,613▲
2023 · €27,284
Current ratio
14.41▼
2023 · 15.86
Debt to equity
0.73▲
2023 · 0.06
ROE
19.0%▲
2023 · -0.4%
ROA
10.4%▲
2023 · -0.3%
Interest coverage
14.72▲
2023 · 7.18
Debt ≤ 1 year
€222,691▲
2023 · €136,763
Debt > 1 year
€2.0m▲
2023 · €22,500
Income taxes
€18,723▲
2023 · €1,241
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.1m | €0.1m | €0 | €1.1m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.05m | €0.04m | €0.04m | €0.03m | €0.04m | €0.02m | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.005m | €0.004m | €0.004m | - |
| Non-recurring operating charges66A | - | - | - | - | €0.3m | €0.03m | €0.2m | - |
| Gross operating margin9900 | €0.5m | €1.2m | €0.2m | €0.2m | €0.5m | €0.05m | €0.9m | - |
| Operating profit (loss)9901 | €0.3m | €1.2m | €0.1m | €0.1m | €0.09m | -€0.01m | €0.7m | - |
| Financial income75/76B | - | - | - | €424 | €0.001m | €0.005m | €0.2m | - |
| Recurring financial income75 | €0.02m | €0.01m | €438 | €424 | €0.001m | €0.005m | €0.2m | - |
| Financial charges65/66B | - | - | - | €0.004m | €0.001m | €0.003m | €0.05m | - |
| Recurring financial charges65 | €0.007m | €0.009m | €0.005m | €0.004m | €0.001m | €0.003m | €0.05m | - |
| Profit (loss) for the period before taxes9903 | €0.3m | €1.2m | €0.1m | €0.1m | €0.09m | -€0.01m | €0.8m | - |
| Transfer from deferred taxes780 | - | - | - | €0.004m | €0.004m | €0.004m | €0.1m | - |
| Transfer to deferred taxes680 | - | - | - | - | - | - | €0.3m | - |
| Income taxes67/77 | €0.08m | €0.3m | €0.05m | €0.05m | €0.04m | €0.001m | €0.02m | - |
| Profit (loss) for the period9904 | €0.3m | €0.8m | €0.09m | €0.1m | €0.06m | -€0.009m | €0.6m | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0.01m | €0.01m | €0.01m | €0.3m | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | €0.8m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | €0.8m | €0.1m | €0.1m | €0.08m | €0.004m | €0.05m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.0m | €2.7m | €2.8m | €2.7m | €2.7m | €2.8m | €5.7m | - |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €1.4m | €1.1m | €1.0m | €0.9m | €0.6m | €0.6m | €2.5m | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €1.4m | €1.1m | €1.0m | €0.9m | €0.6m | €0.6m | €1.9m | - |
| Land and buildings22 | - | - | - | - | - | €0.6m | €1.9m | - |
| Other tangible fixed assets26 | - | - | - | €0.9m | €0.6m | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - | €0.6m | - |
| Current assets29/58 | €0.6m | €1.7m | €1.8m | €1.8m | €2.2m | €2.2m | €3.2m | - |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €0.9m | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.9m | - |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.4m | €0.08m | €0.1m | €0.7m | €1.0m | €0.5m | €2.3m | - |
| Other amounts receivable41 | - | - | - | €0.7m | €1.0m | €0.5m | €2.3m | - |
| Current investments50/53 | €0 | - | - | €0.5m | €0.5m | €0 | - | - |
| Cash at bank and in hand54/58 | €0.2m | €1.6m | €1.6m | €0.6m | €0.6m | €1.7m | €136 | - |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.008m | €0.009m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.0m | €2.7m | €2.8m | €2.7m | €2.7m | €2.8m | €5.7m | - |
| Equity10/15 | €1.5m | €2.3m | €2.4m | €2.5m | €2.5m | €2.5m | €3.1m | - |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | - |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | - |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | - |
| Reserves13 | €0.8m | €1.6m | €1.7m | €1.8m | €1.8m | €1.8m | €2.4m | - |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | - |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.8m | - |
| Distributable reserves133 | - | - | - | €1.4m | €1.5m | €1.5m | €1.5m | - |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | - |
| Investment grants15 | - | - | - | €0.008m | €0.007m | €0.007m | €0.006m | - |
| Provisions and deferred taxes16 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.3m | - |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.1m | €0.3m | - |
| Amounts payable17/49 | €0.4m | €0.3m | €0.3m | €0.1m | €0.09m | €0.2m | €2.3m | - |
| Amounts payable after more than one year17 | €0.2m | €0.1m | €0.1m | €0.08m | €0.05m | €0.02m | €2.0m | - |
| Financial debts170/4 | - | - | - | €0.08m | €0.05m | €0.02m | €2.0m | - |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.04m | €0.04m | €0.1m | €0.2m | - |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.1m | - |
| Financial debts43 | - | - | - | - | - | - | €0.02m | - |
| Credit institutions430/8 | - | - | - | - | - | - | €0.02m | - |
| Trade debts44 | €0.002m | €0.001m | €0.002m | €0.001m | €206 | €0.06m | €0.06m | - |
| Suppliers440/4 | - | - | - | €0.001m | €206 | €0.06m | €0.06m | - |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.04m | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.008m | €0.02m | - |
| Taxes450/3 | - | - | - | €0.01m | €0.008m | €0.008m | €0.02m | - |
| Other amounts payable47/48 | - | - | - | €0.003m | €0.003m | €0.003m | €0 | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.001m | €0.001m | €0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.8m | €0.09m | €0.1m | €0.06m | -€0.009m | €0.6m | - |
| + Depreciation and write-downs630 | €0.05m | €0.05m | €0.04m | €0.04m | €0.03m | €0.04m | €0.02m | - |
| Operating cash flow (approximation) | €0.3m | €0.9m | €0.1m | €0.1m | €0.09m | €0.03m | €0.6m | - |
| Investment in fixed assets (approximation) | - | €0.3m | €0.01m | €0.06m | €0.3m | -€0.07m | - | - |
| Change in cash | - | €1.4m | €0.07m | -€1.1m | €0.03m | €1.1m | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-12-2025 | micro format | 06-07-2026 | 2026-00255354 |
| 31-12-2023 | micro format | 03-10-2024 | 2024-00502161 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00285954 |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20350125 |
| 31-12-2020 | abbreviated format | 03-09-2021 | 2021-65500599 |
| 31-12-2019 | abbreviated format | 15-09-2020 | 2020-53600512 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-54800257 |
| 31-12-2017 | micro format | 09-08-2018 | 2018-44700479 |
| 31-12-2016 | micro format | 01-08-2017 | 2017-39600232 |
| 31-12-2015 | abbreviated format | 22-08-2016 | 2016-44700411 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.