Active BE 0776.521.424Public limited company

IMMOWOOD

Rue Lambert-Lombard 3 ·4000 Liège, Belgium· 4 yrs active

Sector: Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen (68203)

Conclusion Checked

The computed 12-month bankruptcy probability of IMMOWOOD is 0.8% (low). The 2024 annual accounts show equity of €853k and a net result of €-380k. Equity is shrinking by ~37.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 42% of 776 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€853k
Net result	€-380k
Better than sector	42%
Active	4 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

28 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10

Profitability 0

Solvency 6

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

10 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · volledig

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2026, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	8.8%	16.5%	better than 42% of 776 sector peers
Net result	€-380k	€-2k	better than 9% of 774 sector peers
Equity	€853k	€136k	better than 71% of 776 sector peers
Gross operating margin	€254k	€45k	better than 79% of 609 sector peers
Employees (FTE)	0.0	1.0	better than 22% of 160 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€234k

- 22-24

Net profit

€-380k

+29.9% 22-24

Cash flow

€-101k

+76.2% 22-24

Total assets

€9.72M

+6.4% 22-24

Equity

€853k

-30.8% 22-24

Working capital

€-4.09M

+16.2% 22-24

Employees (FTE)

0

- 22-24

Income taxes

€-50

- 22-24

Debt

€8.87M

+12.2% 22-24

Debt ≤ 1y

€4.19M

-16.3% 22-24

Debt > 1y

€4.45M

+53.6% 22-24

Current ratio

0.02

-6.2% 22-24

Quick ratio

0.02

-6.2% 22-24

Solvency

8.8%

-35.0% 22-24

Debt / equity

10.40

+62.2% 22-24

ROE

-44.6%

-1.3% 22-24

ROA

-3.9%

+34.1% 22-24

Interest coverage

0.70

- 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	volledig
Revenue	-
EBITDA	€234k
Net profit	€-380k
Cash flow	€-101k
Staff costs	-
Income taxes	€-50
Dividends	-
Total assets	€9.72M
Equity	€853k
Debt	€8.87M
of which ≤ 1y	€4.19M
of which > 1y	€4.45M
Working capital	€-4.09M
Employees (FTE)	0.0

Ratios (computed)

	2024
Current ratio	0.02
Quick ratio	0.02
Working capital ratio	-42.1%
Solvency	8.8%
Debt / equity	10.40
Long-term debt ratio	5.22
Interest coverage	0.70
Gross margin	-
Net margin	-
ROA	-3.9%
ROE	-44.6%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €9.62M · 99.0% Current assets €98k · 1.0%

Equity & liabilities

Equity €853k · 8.8% Debt €8.87M · 91.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.72M
Fixed assets	21/28	€9.62M
Tangible fixed assets	22/27	€9.61M
Financial fixed assets	28	€16k
Current assets	29/58	€98k
Amounts receivable within one year	40/41	€20k
Cash & bank	54/58	€70k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.72M
Equity	10/15	€853k
Contributions / capital	10/11	€1.85M
Accumulated profits (losses)	14	€-997k
Amounts payable	17/49	€8.87M
Amounts payable after one year	17	€4.45M
Amounts payable within one year	42/48	€4.19M
Trade debts payable within one year	44	€27k
Income statement
Gross operating margin	9900	€254k
Operating result	9901	€-45k
Financial charges	65	€335k
Result before taxes	9903	€-380k
Income taxes	67/77	€-50
Net result for the period	9904	€-380k
Result to be appropriated	9905	€-380k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 5 directors

Current directors & mandates

NOSHAQ PARTNERS S.R.L.
Director
State Gazette act 24077065 (21-05-2024)

Current
21-05-2024 → present
La S.A. NOSHAQLegal entity
Director· perm. rep.: Yvan ABSIL
State Gazette act 23138504 (30-10-2023)

Current
02-10-2023 → present
La S.A. NOSHAQ IMMOLegal entity
Director· perm. rep.: Thomas CHEVAUX
State Gazette act 23138504 (30-10-2023)

Current
02-10-2023 → present
La S.R.L. NOSHAQ PARTNERSLegal entity
Director· perm. rep.: Gérald THOMAS
State Gazette act 23138504 (30-10-2023)

Current
02-10-2023 → present

Former directors (1)

NOSHAQ PARTNERSLegal entity
Managing director· perm. rep.: Gérald THOMAS
State Gazette act 24072404 (10-05-2024)

Former
- → 08-04-2024
2 events
- 08-04-2024 Resigned· Managing director
- 02-10-2023 Resigned· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen(68203)
Legal form	Public limited company(014)
Incorporation	26-10-2021
Status	Active
Postal code	4000

Establishment units 1 location

IMMOWOOD

Rue Lambert-Lombard 3, 4000 LiègeVerhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

since 20212.326.786.906

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

17-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

2024

10-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

21-05-2024

State Gazette act Director changes

10-05-2024

State Gazette act Director changes

2023

30-10-2023

State Gazette act Director changes

18-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

Belgisch Staatsblad, acts 3 acts

All acts · 3 updated 2 years ago

2024

21-05-2024 2 directors appointed Director changes

NOSHAQ PARTNERS S.R.L., Bestuurder
Cristina SALAMONE, Dagelijks bestuur

Original publication ↗

Technical details

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10-05-2024 Gérald THOMAS resigns as managing director Director changes

Gérald THOMAS, Gedelegeerd bestuurder

Original publication ↗

Technical details

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2023

30-10-2023 3 directors appointed, 1 resigning Director changes

Gérald THOMAS, Bestuurder
Yvan ABSIL, Bestuurder
Thomas CHEVAUX, Bestuurder
NOSHAQ PARTNERS, Bestuurder

Original publication ↗

Technical details

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Company registry (CBE) Crossroads Bank

Activities

Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Verhuur en exploitatie van terreinen68204Verhuur en exploitatie van terreinen68204

Primary activity highlighted.

Names & trade names

Legal nameFR

IMMOWOOD

Registered office

Rue Lambert-Lombard 3

4000 Liège, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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