Liquidity
6.80 was 1.22 in 2024
Short-term debts fell from €72,011 to €17,487.
IMMOWALD
Lifetime
20 annual accounts with figures on one time axispeak €161,215 (2018)
€27,401▼ 37.8%
lowest -€26,646 (2019)
€1,843▼ 80.1%
peak €198,458 (2020)
€186,365▲ 1.0%
€17,487▼ 75.7%
Board3 names since 2017
1 directorJAKUBOWSKI DANUTA
Documentsfilings and deeds
29-07-20262 days before the deadline
2025abbreviated format
Gross margin from €44,077 to €27,401Result from €9,275 to €1,843Debts from €72,011 to €17,487
Key points
from the 2025 annual accountsFilings
20 annual accounts since 2006
Six of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Position in the sector
91.4%
Higher solvency than 95% of companies in specialised construction. Sector median 44.0% · 9,967 companies.
Checked score
95
Excellent
Financially stronger than 58% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2005
Liquidity: current ratio 6.80, cash €30,025
Equity €186,365 (91.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 90% of them on solvency, 67% on liquidity, 37% on profitability and 38% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as IMMOWALD has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMOWALD itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for IMMOWALD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.8 (1.22 in 2024), above the usual 1.5. Short-term debt is 8.6% and cash 14.7% of total assets. 8.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
31 days early
2023
2 days early
2022
32 days late
2021
60 days late
2020
60 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0874188942
1 director appointed, 2 reappointments
Reappointments: JAKUBOWSKI Waldemar and JAKUBOWSKA Danuta · Appointment: JAKUBOWSKI Waldemar (managing director) · Board meeting of 13-02-2023 · Gazette deed
Incorporation
published on 09-06-2005 · Gazette deed
First establishment
Keerkringenlaan 39, Forest
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMMOWALD Forest | €203,851 | €27,401 | 91.4% | - |
| LANDBOUW- & GRONDWERKEN THEO VAN ROYEN Berlare | €194,143 | €34,570 | 38.4% | - |
| VEVA GROND-EN AFBRAAKWERKEN Wichelen | €194,031 | €31,615 | 31.2% | - |
| ALEX WINTERS Bocholt | €252,737 | €24,457 | 88.8% | - |
| CSM CONSTRUCTION Charleroi | €201,793 | €25,727 | 28.2% | - |
| S-RENOVATION Evere | €191,277 | €26,129 | 83.0% | - |
| WA CONSTRUCT Schaerbeek | €245,469 | €38,420 | 44.9% | - |
These companies have the same main activity as IMMOWALD: site preparation (NACE 43120). They are comparable in size and age: total assets between €191,000 and €253,000, founded between 2003 and 2009.
Official details
Source: KBO- Status
- Active since 01-06-2005Normal situation
- Activity
- Site preparationNACE 43120and 5 others
- Establishment unit
- 2.148.804.8711190 Forest, since 31-05-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 02-01-2026
Annual accounts 2025
- ≈ €150,000estimated
- €203,851▼ 20.5%
- ≈ 0.1 FTEestimated
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on IMMOWALD
IMMOWALD files the abbreviated format. That format states no turnover. The gross margin rose from €7,031 in 2006 to €27,401 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMMOWALD
- What is the company number of IMMOWALD?
- The company number of IMMOWALD is 0874.188.942. The VAT number is the same number with BE in front: BE 0874.188.942.
- Where is IMMOWALD based?
- The registered office is at Van Volxemlaan 174-178, 1190 Forest.Company details
- What does IMMOWALD do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of IMMOWALD?
- IMMOWALD is a public limited company (NV).
- When was IMMOWALD founded?
- IMMOWALD was founded on 01-06-2005.
- Is IMMOWALD still active?
- Yes, IMMOWALD is an active enterprise in the KBO register.
- What is the turnover of IMMOWALD?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €27,401 and 30 comparable companies (NACE 431). It probably lies between €100,000 and €330,000.Financials
- Is IMMOWALD profitable?
- In financial year 2025, IMMOWALD made a profit of €1,843.
- Where can I find the annual accounts of IMMOWALD?
- IMMOWALD filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMMOWALD due?
- IMMOWALD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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