Immovas

Active

Public limited companyfounded 1979active for 47 yearsSteenweg naar Halle 1, 1652 Beersel, BelgiumKBO/BCE: BE 0419.768.191

Summary

The computed 12-month bankruptcy probability of Immovas is 1.8% (moderate). The 2024 annual accounts show negative equity (-€124,758) and a net result of -€221,173. Equity is shrinking by about 33% per year across the filed financial years. Its solvency ranks better than 15% of 4,794 sector peers (NACE 68, financial year 2024). The company has been active since 1979 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

ImmovasActiveChecked score 52/100

Risk analysis Report Compare

Activity

Real estate agency activities

NACE 68310

2nd largest company by total assets in Beersel, Real estate sector1 site

Size

€312,121operating revenue 2024

Staff: 1 FTE
Equity: -€124,758
Loss: -€221,173

Financial health

52 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 1.8%

Structure

Parent: VASAL · 97.65%

2025 accounts not filed, 86 days past the deadline1 of 9 deeds summarised

Why 52raises riskLiquidity: current ratio 0.73, cash €89,2521 financial year not filed after the legal deadline; last filed accounts filed 104 days late; 3 of the last 3 latelowers riskSize: turnover €25,000, 1 FTE, total assets €6.5mFounded in 1979Show the evidence

Checked score

Score 2024

52 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 10% of its sector peers (NACE 68, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 23-4

equity -1.9% of total assets

Liquidity 2+2

short-term debt 101.5% · cash 1.4%

Profitability 10-71

return on assets -3.4%

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,613 companies, NACE 68, micro)

Last 24 months 11-2024: 5.8%highest value 12-2024: 5.8%● unchanged vs 11-2024highest value 01-2025: 5.8%● unchanged vs 12-2024highest value 02-2025: 5.8%● unchanged vs 01-2025highest value 03-2025: 5.8%● unchanged vs 02-2025highest value 04-2025: 5.8%● unchanged vs 03-2025highest value 05-2025: 5.8%● unchanged vs 04-2025highest value 06-2025: 5.8%● unchanged vs 05-2025highest value 07-2025: 5.8%● unchanged vs 06-2025highest value 08-2025: 5.4%▼ -0.4 percentage points vs 07-2025 09-2025: 5.4%● unchanged vs 08-2025 10-2025: 5.4%● unchanged vs 09-2025 11-2025: 5.4%● unchanged vs 10-2025 12-2025: 1.3%▼ -4.1 percentage points vs 11-2025lowest value 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.4%▲ +0.1 percentage points vs 03-2026 05-2026: 1.3%▼ -0.1 percentage points vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.3%● unchanged vs 06-2026 08-2026: 1.4%▲ +0.1 percentage points vs 07-2026 09-2026: 1.6%▲ +0.2 percentage points vs 08-2026 10-2026: 1.8%▲ +0.2 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.73, compared with 0.75 in 2023, below 1; short-term debt: 101.5% and cash: 1.4% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, micro): better than 18% on solvency, 5% on liquidity, 13% on profitability and 4% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Liquidity: current ratio 0.73, cash €89,252

NBB · annual accounts

Size: turnover €25,000, 1 FTE, total assets €6.5m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 1979

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

1 financial year not filed after the legal deadline; last filed accounts filed 104 days late; 3 of the last 3 late

NBB · filings

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€124,758

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 86 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline25-10-2026 today

2024 accounts filed 104 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-11-2025, 104 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

104 days late

2023

469 days late

2022

835 days late

2021

3 days early

2020

18 days early

2019

36 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 225 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

19-02-2026 Resignations: Agnes VANOBBERGEN (director) and Joseph…Legal form clause · Registered…
12-11-2025 Annual accounts filedfinancial year 2024 · full…
12-11-2025 Annual accounts filedfinancial year 2023 · full…

Key points

Risk: Negative equityfinancial year 2024: debts exceed assets -€124,758 View
Caution: Turnover fell in 2024from €89,553 to €25,000 ▼ 72.1% View
Caution: Among the weakest 10% on equitysector median €525,862 · 4,795 companies -€124,758 View
Caution: 2025 accounts not fileddeadline was 31-07-2026 86 days past the deadline View
Controlled by VASALultimately: UP-DATE 97.65% View
Directors leftlatest change 10-12-2025 · 0 in office 2 left View
Active since 1979founded 16-08-1979 47 years View

By topic

Financials

Financial year: 2024
Turnover: €25,000
Loss: -€221,173
Solvency: -1.9%

Turnover▼ 72.1%

Net result

20182024

Go to Financials

Board & ownership

Parent: VASAL · 97.65%

Go to Board & ownership

Network & group

Group: UP-DATE

Go to Network & group

Timeline

Events: 47
Since: 1981

12-11-2025Annual accounts filed
31-12-2023Back to profit
31-12-2022Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Real estate agency activitiesNACE 68310
Founded: 16-08-1979
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Immovas

What is the company number of Immovas?: 0419.768.191. In Belgium the VAT number is the company number with BE in front: BE 0419.768.191.
Where is Immovas based?: The registered office is at Steenweg naar Halle 1, 1652 Beersel.Company details
What does Immovas do?: According to the KBO register, the main activity is real estate agency activities (NACE 68310).
What is the legal form of Immovas?: Public limited company (NV).
When was Immovas founded?: On 16-08-1979.
Is Immovas still active?: Yes, Immovas is an active enterprise in the KBO register.
How many employees does Immovas have?: On average 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Immovas?: €25,000 in financial year 2024, according to the filed annual accounts.
Is Immovas profitable?: In financial year 2024, Immovas made a loss of €221,173.
Where can I find the annual accounts of Immovas?: Immovas filed 44 annual accounts with the National Bank of Belgium, the latest for financial year 2024.