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IMMOVANDA

Active
Private limited companyfounded 20205 yrs activeOosterzelesteenweg 123, 9230 Wetteren, BelgiumKBO/BCE: BE 0759.836.929
Summary

IMMOVANDA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €378,036. Equity is growing by ~29.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability94▼-3
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 66.98 against 21.67 in 2024; short-term debt: 1.2% and cash: 8% of total assets), and 1.2% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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
98.8%
Return on assets
20.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
on the day
2024
6 d late
2023
on the day
2022
1 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 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

History

On 16 December 2020, IMMOVANDA was incorporated as a Private limited company.1 Total assets went from EUR 990,724 in 2022 to EUR 1.9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€1.8m▲ 26.0%
2024 · €1.5m
Total assets
€1.9m▲ 23.0%
2024 · €1.5m
Net result
€378,036▲ 9.1%
2024 · €346,411
Working capital
€1.5m▲ 36.5%
2024 · €1.1m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€551,105-€336,477▼ 38.9%€428,952▲ 27.5%€463,980▲ 8.2%
Net result€419,126above the sector's middle half-€252,163above the sector's middle half▼ 39.8%€346,411above the sector's middle half▲ 37.4%€378,036above the sector's middle half▲ 9.1%
Equity€856,333above the sector's middle half-€1.1mabove the sector's middle half▲ 29.4%€1.5mabove the sector's middle half▲ 31.3%€1.8mabove the sector's middle half▲ 26.0%
Total assets€990,724within the sector's middle half-€1.2mabove the sector's middle half▲ 18.7%€1.5mabove the sector's middle half▲ 28.3%€1.9mabove the sector's middle half▲ 23.0%
Debt€134,390-€67,251▼ 50.0%€53,290▼ 20.8%€22,784▼ 57.2%
Working capital€454,956-€731,007▲ 60.7%€1.1m▲ 50.7%€1.5m▲ 36.5%
Solvency86.4%above the sector's middle half-94.3%above the sector's middle half▲ 7.8pp96.5%above the sector's middle half▲ 2.2pp98.8%above the sector's middle half▲ 2.3pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€200,000€400,000€600,000Operating result 2022: €551,105€551,105Net result 2022: €419,126€419,126Operating result 2023: €336,477€336,477Net result 2023: €252,163€252,163Operating result 2024: €428,952€428,952Net result 2024: €346,411€346,411Operating result 2025: €463,980€463,980Net result 2025: €378,036€378,0362022202320242025€0€200,000€400,000Operating result 2023: €336,477€336,000Net result 2023: €252,163€252,000Operating result 2024: €428,952€429,000Net result 2024: €346,411€346,000Operating result 2025: €463,980€464,000Net result 2025: €378,036€378,000202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets €329,713 ▼ 6.8%
Current assets €1.5m ▲ 32.2%
Equity and liabilities €1.9m
Equity €1.8m ▲ 26.0%
Debt €22,784 ▼ 57.2%
Debt's share of the balance-sheet total falls from 3.5% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€487,868▲
2024 · €452,840
Cash flow
€401,924▲
2024 · €370,299
Current ratio
66.98▲
2024 · 21.67
Debt to equity
0.01▼
2024 · 0.04
ROE
20.6%▼
2024 · 23.8%
ROA
20.4%▼
2024 · 23.0%
Interest coverage
6035.73▼
2024 · 11611.29
Debt ≤ 1 year
€22,784▼
2024 · €53,290
Income taxes
€127,943▲
2024 · €118,924
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,776 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.5m€1.9m▲
Fixed assets21/28€353,601€329,713▼
Tangible fixed assets22/27€353,601€329,713▼
Land and buildings22€303,818€292,264▼
Other tangible fixed assets26€49,783€37,449▼
Current assets29/58€1.2m€1.5m▲
Amounts receivable within one year40/41€784€0▼
Other amounts receivable41€784€0▼
Current investments50/53€950,000€1.4m▲
Cash at bank and in hand54/58€194,198€149,237▼
Deferred charges and accrued income490/1€9,614€26,777▲
Equity and liabilities
Total equity and liabilities10/49€1.5m€1.9m▲
Equity10/15€1.5m€1.8m▲
Contributions10/11€26,353€26,353=
Reserves13€1.4m€1.8m▲
Non-distributable reserves130/1€3,361€3,361=
Other1319€3,361€3,361=
Tax-exempt reserves132€36,506€36,506=
Distributable reserves133€1.4m€1.8m▲
Amounts payable17/49€53,290€22,784▼
Amounts payable within one year42/48€53,290€22,784▼
Trade debts44€1,778€0▼
Suppliers440/4€1,778€0▼
Taxes, remuneration and social security45€47,347€17,239▼
Taxes450/3€47,347€17,239▼
Other amounts payable47/48€4,165€5,545▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,888€23,888=
Other operating charges640/8€12,827€22,728▲
Gross operating margin9900€465,668€510,596▲
Operating profit (loss)9901€428,952€463,980▲
Financial income75/76B€36,422€42,080▲
Recurring financial income75€36,422€42,080▲
Financial charges65/66B€39€81▲
Recurring financial charges65€39€81▲
Profit (loss) for the period before taxes9903€465,335€505,979▲
Income taxes67/77€118,924€127,943▲
Profit (loss) for the period9904€346,411€378,036▲
Transfer from tax-exempt reserves789€4,966€0▼
Profit (loss) for the period to be appropriated9905€351,377€378,036▲
Appropriation of the result
Profit (loss) to be appropriated9906€351,377€378,036▲
Transfer to equity691/2€351,377€378,036▲
To other reserves6921€351,377€378,036▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44,061€23,888€23,888€23,888=
Other operating charges640/8€28,216€29,956€12,827€22,728▲ 77.2%
Gross operating margin9900€623,383€390,321€465,668€510,596▲ 9.6%
Operating profit (loss)9901€551,105€336,477€428,952€463,980▲ 8.2%
Financial income75/76B€65€0€36,422€42,080▲ 15.5%
Recurring financial income75€65€0€36,422€42,080▲ 15.5%
Financial charges65/66B--€39€81▲ 107%
Recurring financial charges65--€39€81▲ 107%
Profit (loss) for the period before taxes9903€551,170€336,477€465,335€505,979▲ 8.7%
Transfer from deferred taxes780€8,231----
Income taxes67/77€140,275€84,314€118,924€127,943▲ 7.6%
Profit (loss) for the period9904€419,126€252,163€346,411€378,036▲ 9.1%
Transfer from tax-exempt reserves789€9,932€4,966€4,966€0▼ 100%
Profit (loss) for the period to be appropriated9905€429,057€257,128€351,377€378,036▲ 7.6%
Line2022202320242025Change
Assets
Total assets20/58€990,724€1.2m€1.5m€1.9m▲ 23.0%
Fixed assets21/28€401,377€377,489€353,601€329,713▼ 6.8%
Tangible fixed assets22/27€401,377€377,489€353,601€329,713▼ 6.8%
Land and buildings22€401,377€315,372€303,818€292,264▼ 3.8%
Other tangible fixed assets26-€62,118€49,783€37,449▼ 24.8%
Current assets29/58€589,346€798,258€1.2m€1.5m▲ 32.2%
Amounts receivable within one year40/41€39,567€784€784€0▼ 100%
Other amounts receivable41€39,567€784€784€0▼ 100%
Current investments50/53-€700,000€950,000€1.4m▲ 42.1%
Cash at bank and in hand54/58€549,451€97,474€194,198€149,237▼ 23.2%
Deferred charges and accrued income490/1€329€0€9,614€26,777▲ 179%
Equity and liabilities
Total equity and liabilities10/49€990,724€1.2m€1.5m€1.9m▲ 23.0%
Equity10/15€856,333€1.1m€1.5m€1.8m▲ 26.0%
Contributions10/11€26,353€26,353€26,353€26,353=
Reserves13€829,980€1.1m€1.4m€1.8m▲ 26.5%
Non-distributable reserves130/1€3,361€3,361€3,361€3,361=
Reserves not available under the articles1311€3,361----
Other1319-€3,361€3,361€3,361=
Tax-exempt reserves132€46,438€41,472€36,506€36,506=
Distributable reserves133€780,182€1.0m€1.4m€1.8m▲ 27.2%
Amounts payable17/49€134,390€67,251€53,290€22,784▼ 57.2%
Amounts payable within one year42/48€134,390€67,251€53,290€22,784▼ 57.2%
Trade debts44€9,174€21,878€1,778€0▼ 100%
Suppliers440/4€9,174€21,878€1,778€0▼ 100%
Taxes, remuneration and social security45€119,251€41,208€47,347€17,239▼ 63.6%
Taxes450/3€119,251€41,208€47,347€17,239▼ 63.6%
Other amounts payable47/48€5,965€4,165€4,165€5,545▲ 33.1%
Line2022202320242025Change
Profit (loss) for the period9904€419,126€252,163€346,411€378,036▲ 9.1%
+ Depreciation and write-downs630€44,061€23,888€23,888€23,888=
Operating cash flow (approximation)€463,187€276,051€370,299€401,924▲ 8.5%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash--€451,977€96,724-€44,961▼ 146%

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 31-01-2027
2026
31-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial Liquidity triplescurrent ratio 66.98
Current ratio from 21.67 to 66.98; short-term debt falls from €53,290 to €22,784.
06-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial Weakest financial yearnet €252,163 ▼39.8%
Net result drops to €252,163, the lowest in the series; recovery starts the following year.
30-06
Financial Liquidity triplescurrent ratio 11.87
Current ratio from 4.39 to 11.87; short-term debt falls from €134,390 to €67,251.
30-06
Financial Equity above €1mEq €1.1m ▲29.4%
2 profitable years in a row build equity to €1.1m.
01-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Wetteren · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
2.4 ha
Building footprint
2.1 ha
Volume, LiDAR
127,601 m³
Parcel 42025G1327/00G002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
IMMOVANDA
Oosterzelesteenweg 123, 9230 WetterenReal estate activities
since 20202.312.629.260
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42025G1327/00G002 Flanders 2.4 ha 1 · 2.1 ha 7.7 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SUPPORT FOR YOU 100%
  2. IMMOVANDA

Highest known parent: SUPPORT FOR YOU. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 2,746 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded16-12-2020
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID 0208:0759836929
Registered 07-02-2026

Register as of 27 September 2026 · Peppol Directory

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