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Immovac

Active
Public limited companyfounded 198937 yrs activeSint-Jansdreef 14, 8020 Oostkamp, BelgiumKBO/BCE: BE 0437.969.846
Summary

Immovac has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.72M and a net result of €368k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 52% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability61▲+3
Solvency80▲+1
Growth70▼-2
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity short (current ratio 0.23 against 0.13 in 2024; short-term debt: 22.2% and cash: 5.1% of total assets), and 44.6% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
55.4%
Return on assets
2.6%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
57 d early
2024
38 d early
2023
23 d late
2022
54 d early
2021
22 d late
2020
19 d early
2019
42 d late
← before the deadline after the deadline →
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 months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
€1.39M▼ 2.1%
2024 · €1.42M
2018: €900k 2019: €718k▼ -20.2% vs 2018lowest in 8 years 2020: €721k▲ +0.4% vs 2019 2021: €861k▲ +19.4% vs 2020 2022: €1.21M▲ +40.3% vs 2021 2023: €1.54M▲ +27.2% vs 2022highest in 8 years 2024: €1.42M▼ -7.4% vs 2023 2025: €1.39M▼ -2.1% vs 2024
2018 → 2025
EBIT margin
23.0%▲ 5.8pp
2024 · 17.2%
2018: 35.4% 2019: 4.8%▼ -86.5% vs 2018lowest in 8 years 2020: 60.0%▲ +1151% vs 2019 2021: 78.4%▲ +30.7% vs 2020highest in 8 years 2022: 36.3%▼ -53.7% vs 2021 2023: 58.8%▲ +61.9% vs 2022 2024: 17.2%▼ -70.7% vs 2023 2025: 23.0%▲ +33.7% vs 2024
2018 → 2025
Net result
€368k▲ 11.2%
2024 · €331k
2018: €59k 2019: €-163k▼ -374% vs 2018lowest in 8 years 2020: €261k▲ +260% vs 2019 2021: €440k▲ +69.0% vs 2020 2022: €837k▲ +90.0% vs 2021 2023: €1.01M▲ +21.2% vs 2022highest in 8 years 2024: €331k▼ -67.4% vs 2023 2025: €368k▲ +11.2% vs 2024
2018 → 2025
Working capital
€-2.38M▲ 13.3%
2024 · €-2.74M
2018: €-6.03M 2019: €-6.04M▼ -0.1% vs 2018lowest in 8 years 2020: €-5.95M▲ +1.5% vs 2019 2021: €-5.05M▲ +15.2% vs 2020 2022: €-4.88M▲ +3.4% vs 2021 2023: €-3.13M▲ +35.9% vs 2022 2024: €-2.74M▲ +12.3% vs 2023 2025: €-2.38M▲ +13.3% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€861k-€1.21M▲ 40.3%€1.54M▲ 27.2%€1.42M▼ 7.4%€1.39M▼ 2.1% 2021: €861klowest in 5 years 2022: €1.21M▲ +40.3% vs 2021 2023: €1.54M▲ +27.2% vs 2022highest in 5 years 2024: €1.42M▼ -7.4% vs 2023 2025: €1.39M▼ -2.1% vs 2024
Equity€4.99M-€6.01M▲ 20.4%€7.03M▲ 16.9%€7.36M▲ 4.7%€7.72M▲ 5.0% 2021: €4.99Mlowest in 5 years 2022: €6.01M▲ +20.4% vs 2021 2023: €7.03M▲ +16.9% vs 2022 2024: €7.36M▲ +4.7% vs 2023 2025: €7.72M▲ +5.0% vs 2024highest in 5 years
Operating result€675k-€439k▼ 35.0%€903k▲ 106%€244k▼ 72.9%€320k▲ 30.9% 2021: €675k 2022: €439k▼ -35.0% vs 2021 2023: €903k▲ +106% vs 2022highest in 5 years 2024: €244k▼ -72.9% vs 2023lowest in 5 years 2025: €320k▲ +30.9% vs 2024
Net result€440k-€837k▲ 90.0%€1.01M▲ 21.2%€331k▼ 67.4%€368k▲ 11.2% 2021: €440k 2022: €837k▲ +90.0% vs 2021 2023: €1.01M▲ +21.2% vs 2022highest in 5 years 2024: €331k▼ -67.4% vs 2023lowest in 5 years 2025: €368k▲ +11.2% vs 2024
Result per fiscal year
Operating resultNet result
€0€500k€1.00MOperating result 2021: €675k€675kNet result 2021: €440k€440kOperating result 2022: €439k€439kNet result 2022: €837k€837kOperating result 2023: €903k€903kNet result 2023: €1.01M€1.01MOperating result 2024: €244k€244kNet result 2024: €331k€331kOperating result 2025: €320k€320kNet result 2025: €368k€368k20212022202320242025€0€500k€1MOperating result 2023: €903k€903kNet result 2023: €1.01M€1MOperating result 2024: €244k€244kNet result 2024: €331k€331kOperating result 2025: €320k€320kNet result 2025: €368k€368k202320242025
The operating result recovers in 2025; 2025 is 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.95M
Fixed assets €13.23M ▼ 0.3%
Current assets €722k ▲ 75.1%
Equity and liabilities €13.95M
Equity €7.72M ▲ 5.0%
Provisions €21k ▼ 65.4%
Debt €6.20M ▼ 0.9%
Debt's share of the balance-sheet total falls from 45.8% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€388k▲
2024 · €323k
Cash flow
€436k▲
2024 · €410k
Current ratio
0.23▲
2024 · 0.13
Quick ratio
0.23▲
2024 · 0.13
Debt to equity
0.80▼
2024 · 0.85
ROE
4.8%▲
2024 · 4.5%
ROA
2.6%▲
2024 · 2.4%
Interest coverage
2.36▲
2024 · 1.82
Debt ≤ 1 year
€3.10M▼
2024 · €3.16M
Debt > 1 year
€3.00M=
2024 · €3.00M
Income taxes
€40k▲
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 80 lines
Balance sheet Code20242025
Assets
Total assets20/58€13.68M€13.95M▲
Fixed assets21/28€13.27M€13.23M▼
Tangible fixed assets22/27€1.51M€1.47M▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€0-
Other tangible fixed assets26€1.50M€1.46M▼
Financial fixed assets28€11.76M€11.76M=
Affiliated companies280/1€8.89M€8.89M=
Participating interests280€8.89M€8.89M=
Companies linked by participating interests282/3€2.86M€2.86M=
Participating interests282€2.86M€2.86M=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€413k€722k▲
Stocks and contracts in progress3€813€813=
Stocks30/36€813€813=
Goods purchased for resale34€813€813=
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€9k€3k▼
Other amounts receivable41€0€1k▲
Cash at bank and in hand54/58€403k€716k▲
Deferred charges and accrued income490/1€64€1k▲
Equity and liabilities
Total equity and liabilities10/49€13.68M€13.95M▲
Equity10/15€7.36M€7.72M▲
Contributions10/11€2.50M€2.50M=
Capital10€2.50M€2.50M=
Issued capital100€2.50M€2.50M=
Revaluation surpluses12€798k€798k=
Reserves13€1.19M€1.18M▼
Non-distributable reserves130/1€250k€250k=
Legal reserve130€250k€250k=
Tax-exempt reserves132€51k€47k▼
Distributable reserves133€884k€884k=
Profit (loss) carried forward14€2.87M€3.25M▲
Investment grants15€0-
Provisions and deferred taxes16€60k€21k▼
Provisions for liabilities and charges160/5€43k€5k▼
Major repairs and maintenance162€5k€5k=
Other liabilities and charges164/5€38k€0▼
Deferred taxes168€17k€16k▼
Amounts payable17/49€6.26M€6.20M▼
Amounts payable after more than one year17€3.00M€3.00M=
Financial debts170/4€3.00M€3.00M=
Other loans174€3.00M€3.00M=
Amounts payable within one year42/48€3.16M€3.10M▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€5k€30k▲
Suppliers440/4€5k€30k▲
Taxes, remuneration and social security45€26k€22k▼
Taxes450/3€26k€22k▼
Other amounts payable47/48€3.13M€3.05M▼
Accrued charges and deferred income492/3€104k€102k▼
Income statement Code20242025
Operating income70/76A€1.44M€1.45M▲
Turnover70€1.42M€1.39M▼
Other operating income74€17k€7k▼
Non-recurring operating income76A€0€52k▲
Operating charges60/66A€1.19M€1.13M▼
Services and other goods61€1.10M€1.06M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€68k▼
Other operating charges640/8€8k€5k▼
Non-recurring operating charges66A€6k€0▼
Operating profit (loss)9901€244k€320k▲
Financial income75/76B€284k€252k▼
Recurring financial income75€284k€252k▼
Income from financial fixed assets750€284k€252k▼
Other financial income752/9€6€0▼
Financial charges65/66B€180k€166k▼
Recurring financial charges65€180k€166k▼
Debt charges650€178k€164k▼
Other financial charges652/9€2k€1k▼
Profit (loss) for the period before taxes9903€349k€406k▲
Transfer from deferred taxes780€1k€1k▼
Income taxes67/77€20k€40k▲
Taxes670/3€20k€40k▲
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€331k€368k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€335k€372k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.87M€3.25M▲
Profit (loss) brought forward from the previous period14P€2.54M€2.87M▲

The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Operating income70/76A€1.33M€1.25M€2.26M€1.44M€1.45M▲ 0.8%
Turnover70€861k€1.21M€1.54M€1.42M€1.39M▼ 2.1%
Other operating income74€16k€17k€16k€17k€7k▼ 60.6%
Non-recurring operating income76A€458k€24k€712k€0€52k-
Operating charges60/66A€660k€809k€1.36M€1.19M€1.13M▼ 5.3%
Goods for resale, raw materials and consumables60€0-----
Purchases600/8€0-----
Change in stocks: decrease (increase)609€0-----
Services and other goods61€617k€702k€1.26M€1.10M€1.06M▼ 3.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95k€92k€85k€79k€68k▼ 14.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-----
Provisions for liabilities and charges: additions (uses and reversals)635/8€-91k€0----
Other operating charges640/8€28k€7k€8k€8k€5k▼ 38.1%
Non-recurring operating charges66A€11k€7k€5k€6k€0▼ 100%
Operating profit (loss)9901€675k€439k€903k€244k€320k▲ 30.9%
Financial income75/76B€89k€642k€309k€284k€252k▼ 11.3%
Recurring financial income75€89k€642k€309k€284k€252k▼ 11.3%
Income from financial fixed assets750€89k€642k€309k€284k€252k▼ 11.3%
Other financial income752/9€19€19€19€6€0▼ 99.8%
Financial charges65/66B€182k€176k€199k€180k€166k▼ 7.9%
Recurring financial charges65€182k€176k€199k€180k€166k▼ 7.9%
Debt charges650€176k€174k€197k€178k€164k▼ 7.6%
Other financial charges652/9€6k€2k€2k€2k€1k▼ 31.6%
Profit (loss) for the period before taxes9903€581k€904k€1.01M€349k€406k▲ 16.5%
Transfer from deferred taxes780€1k€1k€1k€1k€1k▼ 0.1%
Income taxes67/77€142k€69k€-42€20k€40k▲ 104%
Taxes670/3€142k€69k€0€20k€40k▲ 104%
Tax adjustments and reversals of tax provisions77-€350€42€0--
Profit (loss) for the period9904€440k€837k€1.01M€331k€368k▲ 11.2%
Transfer from tax-exempt reserves789€4k€4k€4k€4k€4k=
Profit (loss) for the period to be appropriated9905€444k€841k€1.02M€335k€372k▲ 11.1%
Line20212022202320242025Change
Assets
Total assets20/58€13.81M€14.34M€13.50M€13.68M€13.95M▲ 2.0%
Fixed assets21/28€13.64M€14.19M€13.32M€13.27M€13.23M▼ 0.3%
Tangible fixed assets22/27€1.73M€1.64M€1.56M€1.51M€1.47M▼ 2.5%
Plant, machinery and equipment23€2k€1k€553€9k€8k▼ 8.3%
Furniture and vehicles24€2k€2k€741€0--
Other tangible fixed assets26€1.73M€1.64M€1.56M€1.50M€1.46M▼ 2.5%
Financial fixed assets28€11.90M€12.55M€11.76M€11.76M€11.76M=
Affiliated companies280/1€8.89M€8.89M€8.89M€8.89M€8.89M=
Participating interests280€8.89M€8.89M€8.89M€8.89M€8.89M=
Companies linked by participating interests282/3€3.01M€3.66M€2.86M€2.86M€2.86M=
Participating interests282€3.01M€3.66M€2.86M€2.86M€2.86M=
Other financial fixed assets284/8€1k€1k€1k€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k€1k€1k€1k=
Current assets29/58€177k€143k€184k€413k€722k▲ 75.1%
Stocks and contracts in progress3€813€813€813€813€813=
Stocks30/36€813€813€813€813€813=
Goods purchased for resale34€813€813€813€813€813=
Amounts receivable within one year40/41€18k€10k€11k€9k€5k▼ 46.1%
Trade receivables40€17k€8k€9k€9k€3k▼ 61.5%
Other amounts receivable41€223€2k€2k€0€1k-
Cash at bank and in hand54/58€148k€123k€172k€403k€716k▲ 77.6%
Deferred charges and accrued income490/1€10k€10k€927€64€1k▲ 1,553%
Equity and liabilities
Total equity and liabilities10/49€13.81M€14.34M€13.50M€13.68M€13.95M▲ 2.0%
Equity10/15€4.99M€6.01M€7.03M€7.36M€7.72M▲ 5.0%
Contributions10/11€2.50M€2.50M€2.50M€2.50M€2.50M=
Capital10€2.50M€2.50M€2.50M€2.50M€2.50M=
Issued capital100€2.50M€2.50M€2.50M€2.50M€2.50M=
Revaluation surpluses12€617k€798k€798k€798k€798k=
Reserves13€1.20M€1.19M€1.19M€1.19M€1.18M▼ 0.3%
Non-distributable reserves130/1€250k€250k€250k€250k€250k=
Legal reserve130€250k€250k€250k€250k€250k=
Tax-exempt reserves132€64k€60k€56k€51k€47k▼ 7.9%
Distributable reserves133€884k€884k€884k€884k€884k=
Profit (loss) carried forward14€680k€1.52M€2.54M€2.87M€3.25M▲ 12.9%
Investment grants15€43€24€6€0--
Provisions and deferred taxes16€186k€66k€62k€60k€21k▼ 65.4%
Provisions for liabilities and charges160/5€165k€46k€44k€43k€5k▼ 88.6%
Major repairs and maintenance162€5k€5k€5k€5k€5k=
Other liabilities and charges164/5€160k€41k€39k€38k€0▼ 100%
Deferred taxes168€21k€20k€19k€17k€16k▼ 7.9%
Amounts payable17/49€8.63M€8.26M€6.42M€6.26M€6.20M▼ 0.9%
Amounts payable after more than one year17€3.31M€3.14M€3.00M€3.00M€3.00M=
Financial debts170/4€3.31M€3.14M€3.00M€3.00M€3.00M=
Credit institutions173€200k€100k€0---
Other loans174€3.11M€3.04M€3.00M€3.00M€3.00M=
Amounts payable within one year42/48€5.22M€5.02M€3.31M€3.16M€3.10M▼ 1.7%
Current portion of amounts payable after more than one year42€168k€170k€136k€0--
Financial debts43€300k€300k€0---
Credit institutions430/8€300k€300k€0---
Trade debts44€7k€1k€3k€5k€30k▲ 469%
Suppliers440/4€7k€1k€3k€5k€30k▲ 469%
Taxes, remuneration and social security45€33k€47k€23k€26k€22k▼ 13.9%
Taxes450/3€33k€47k€23k€26k€22k▼ 13.9%
Other amounts payable47/48€4.71M€4.50M€3.15M€3.13M€3.05M▼ 2.4%
Accrued charges and deferred income492/3€104k€103k€104k€104k€102k▼ 2.2%
Line20212022202320242025Change
Profit (loss) for the period9904€440k€837k€1.01M€331k€368k▲ 11.2%
+ Depreciation and write-downs630€95k€92k€85k€79k€68k▼ 14.2%
Operating cash flow (approximation)€535k€929k€1.10M€410k€436k▲ 6.3%
Investment in fixed assets (approximation)-€-649k€788k€-24k€-30k▼ 25.5%
Change in cash-€-25k€49k€231k€313k▲ 35.3%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial Highest result since 2018net €1.01M ▲21.2%
Operating result €903k, net result €1.01M, both a record.
07-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Equity above €5MEq €6.01M ▲20.4%
3 profitable years in a row build equity to €6.01M.
22-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
12-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial Back to profitnet €261k
Net result €261k after one loss-making year.
11-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 42 days late
2019
31-12
Financial Weakest financial yearnet €-163k
Net result drops to €-163k, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
18-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Oostkamp · 1 establishment unit since 1991
seat establishment The establishment unit on the map
Ground area
8,273 m²
Building footprint
305 m²
Volume, LiDAR
1,761 m³
Parcel 31009D0973/00M003, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
IMMOVAC
Sint-Jansdreef 14, 8020 OostkampNACE 70201
since 19912.044.167.112
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31009D0973/00M003 Flanders 8,273 m² 1 · 305 m² 10.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

549300R5LP613LIVNY38
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 8,283 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded05-07-1989
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
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
Contact
E-mail filip.hoste@immovac.be
Phone +32 50280639
Fax +32 50782645

Scores and ratios are computed by Checked and are not a credit decision.