IMMOWAL
ActiveIMMOWAL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.68M and a net result of €332k. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 67% of 9114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+1
Solvency77▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity ample (current ratio 6.17 against 6.6 in 2024; short-term debt: 5.5% and cash: 2.5% of total assets), and 47.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 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
52.4%
Return on assets
4.7%
Age of the figures
9 mo
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
66 d early
2023
38 d early
2022
48 d early
2021
69 d early
2020
43 d early
2019
50 d early
← 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3.68M▲ 9.9%
2024 · €3.35M
2018: €2.94M
2019: €2.74M
2020: €2.88M
2021: €2.88M
2022: €3.60M
2023: €3.56M
2024: €3.35M
2018 → 2025
Total assets
€7.02M▲ 2.8%
2024 · €6.83M
2018: €4.87M
2019: €4.94M
2020: €5.55M
2021: €6.69M
2022: €7.48M
2023: €7.24M
2024: €6.83M
2018 → 2025
Net result
€332k▲ 14.5%
2024 · €290k
2018: €90k
2019: €165k
2020: €136k
2021: €57k
2022: €462k
2023: €358k
2024: €290k
2018 → 2025
Working capital
€1.99M▲ 7.2%
2024 · €1.85M
2018: €2.06M
2019: €987k
2020: €1.59M
2021: €1.44M
2022: €2.33M
2023: €2.14M
2024: €1.85M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.88M-€3.60M▲ 24.8%€3.56M▼ 1.2%€3.35M▼ 5.9%€3.68M▲ 9.9%
Operating result€148k-€1.17M▲ 692%€535k▼ 54.4%€441k▼ 17.6%€436k▼ 1.1%
Net result€57k-€462k▲ 717%€358k▼ 22.5%€290k▼ 19.0%€332k▲ 14.5%
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 has fallen three years in a row; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.02M
Fixed assets
€4.65M▲ 0.1%
Current assets
€2.37M▲ 8.6%
Equity and liabilities €7.02M
Equity
€3.68M▲ 9.9%
Provisions
€307k▼ 6.3%
Debt
€3.03M▼ 3.7%
The debt ratio falls from 46.2% to 43.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€581k▼
2024 · €585k
Cash flow
€478k▲
2024 · €434k
Solvency
52.4%▲
2024 · 49.0%
Current ratio
6.17▼
2024 · 6.60
Quick ratio
6.17▼
2024 · 6.60
Debt / equity
0.82▼
2024 · 0.94
ROE
9.0%▲
2024 · 8.7%
ROA
4.7%▲
2024 · 4.3%
Interest coverage
9.53▲
2024 · 9.40
Debt
€3.03M▼
2024 · €3.15M
Debt ≤ 1 year
€384k▲
2024 · €331k
Debt > 1 year
€2.58M▼
2024 · €2.78M
Income taxes
€190k▲
2024 · €168k
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€6.83M€7.02M▲
Fixed assets21/28€4.64M€4.65M▲
Tangible fixed assets22/27€4.64M€4.65M▲
Land and buildings22€4.64M€4.65M▲
Current assets29/58€2.18M€2.37M▲
Amounts receivable within one year40/41€95k€85k▼
Trade receivables40€93k€85k▼
Other amounts receivable41€2k€185▼
Current investments50/53€2.01M€2.09M▲
Cash at bank and in hand54/58€68k€179k▲
Deferred charges and accrued income490/1€10k€13k▲
Equity and liabilities
Total equity and liabilities10/49€6.83M€7.02M▲
Equity10/15€3.35M€3.68M▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Reserves13€3.28M€3.62M▲
Non-distributable reserves130/1€179k€179k=
Legal reserve130€179k€179k=
Tax-exempt reserves132€982k€921k▼
Distributable reserves133€2.12M€2.52M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€327k€307k▼
Deferred taxes168€327k€307k▼
Amounts payable17/49€3.15M€3.03M▼
Amounts payable after more than one year17€2.78M€2.58M▼
Financial debts170/4€2.78M€2.58M▼
Amounts payable within one year42/48€331k€384k▲
Current portion of amounts payable after more than one year42€222k€222k=
Trade debts44€2k€40k▲
Suppliers440/4€2k€40k▲
Taxes, remuneration and social security45€15k€37k▲
Taxes450/3€15k€37k▲
Other amounts payable47/48€92k€85k▼
Accrued charges and deferred income492/3€36k€70k▲
Income statement
Code20242025
Non-recurring operating income76A-€7k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€144k€145k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-29k
Other operating charges640/8€129k€148k▲
Gross operating margin9900€713k€700k▼
Operating profit (loss)9901€441k€436k▼
Financial income75/76B€58k€127k▲
Recurring financial income75€58k€127k▲
Financial charges65/66B€62k€61k▼
Recurring financial charges65€62k€61k▼
Profit (loss) for the period before taxes9903€436k€502k▲
Transfer from deferred taxes780€21k€21k▼
Income taxes67/77€168k€190k▲
Profit (loss) for the period9904€290k€332k▲
Transfer from tax-exempt reserves789€64k€62k▼
Profit (loss) for the period to be appropriated9905€355k€394k▲
Appropriation of the result
Profit (loss) to be appropriated9906€355k€394k▲
Transfer from equity791/2€500k€0▼
Transfer to equity691/2€355k€394k▲
To other reserves6921€355k€394k▲
Profit to be distributed694/7€500k€0▼
Return on contributions (dividend)694€500k€0▼
The notes to these accounts (7 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €462k ▲717%
Operating result €1.17M, net result €462k, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €57k ▼58.5%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 5current ratio 14.40
Current ratio from 2.79 to 14.40; short-term debt falls from €550k to €119k.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gent · 1 establishment unit since 1987
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.
Bij Sint-Jacobs 159000 GentGround area
668 m²
Building footprint
397 m²
Volume, LiDAR
4,007 m³
Parcel 44802B0727/00H000, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bij Sint-Jacobs 15, 9000 Gent
since 19872.034.101.480
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B0727/00H000 | Flanders | 668 m² | 1 · 397 m² | 14.9 m · 4 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
875500I068K58GZWWI38
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INVEST DV
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Of 9,133 companies in sector 68201 we hold annual accounts for 6,762. 3,564 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-10-1987
Fiscal year end31-12
Activities, NACEBEL
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 · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.