IMOFRA

Active

Public limited companyfounded 199135 yrs activeZavelstraat 9, 1000 Brussel, BelgiumKBO/BCE: BE 0443.705.516

Summary

IMOFRA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of €85,102. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysis Watch Report Compare

IMOFRAActiveChecked score 74/100

Risk analysis Report Compare

Checked score

Score 2025

74 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability70▲+25

Solvency95▲+2

Growth32=

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €280,000 at 30 days acceptable

Liquidity tight (current ratio 1.39 against 0.86 in 2024; short-term debt: 6.2% and cash: 6.5% of total assets), and 30.4% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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

69.6%

Return on assets

1.5%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

48 d late

2024

34 d early

2023

33 d early

2022

38 d early

2021

1 d late

2020

18 d late

2019

31 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 7 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)

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. Usually files around 29 June (4 of the last 5 filed years within 33 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today31-12-2026 close31-07-2027 deadline

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

IMOFRA was incorporated on 15 March 1991.¹ Total assets rose from EUR 3.9 million in 2018 to EUR 5.5 million in 2025.²

Go further with this company

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€85,102

2024 · -€61,775

Working capital

€135,222

2024 · -€46,441

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€247,575▲ 17.4%€268,870▲ 8.6%-€10,377-€44,705▼ 331%€127,107

Net result€184,941▲ 16.1%€212,254▲ 14.8%-€30,025-€61,775▼ 106%€85,102

Equity€3.6m▼ 3.1%€3.8m▲ 6.0%€3.8m▲ 1.2%€3.8m▼ 1.6%€3.8m▲ 2.3%

Total assets€4.9m▲ 14.6%€5.1m▲ 3.6%€5.3m▲ 4.2%€5.5m▲ 3.4%€5.5m▲ 0.2%

Debt€1.4m▲ 118%€1.3m▼ 2.7%€1.5m▲ 12.5%€1.7m▲ 16.1%€1.7m▼ 4.1%

Working capital€109,346▲ 13.4%€449,721▲ 311%€133,144▼ 70.4%-€46,441€135,222

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €127,107 after a loss of €44,705 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €5.5m

91.3%

Fixed assets €5.0m ▼ 3.3%

Current assets €478,564 ▲ 62.4%

Equity and liabilities €5.5m

69.6%

30.4%

Equity €3.8m ▲ 2.3%

Debt €1.7m ▼ 4.1%

Debt's share of the balance-sheet total falls from 31.7% to 30.4%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€297,943▲

2024 · €111,362

Cash flow

€255,938▲

2024 · €94,292

Current ratio

1.39▲

2024 · 0.86

Debt to equity

0.44▼

2024 · 0.47

ROE

2.2%▲

2024 · -1.6%

ROA

1.5%▲

2024 · -1.1%

Interest coverage

5.93▲

2024 · 3.28

Debt ≤ 1 year

€343,342▲

2024 · €341,185

Debt > 1 year

€1.3m▼

2024 · €1.4m

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

Small
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet

0.2% went bankrupt

3.5% stopped otherwise

96% still going

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

For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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%	1.7%
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 75% 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 14,733 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines

Balance sheet Code20242025

Assets

Total assets20/58€5.5m€5.5m▲

Fixed assets21/28€5.2m€5.0m▼

Tangible fixed assets22/27€5.2m€5.0m▼

Land and buildings22€5.2m€5.0m▼

Current assets29/58€294,744€478,564▲

Amounts receivable within one year40/41€27,257€39,660▲

Trade receivables40€20,063€33,183▲

Other amounts receivable41€7,194€6,477▼

Current investments50/53€10,003€78,902▲

Cash at bank and in hand54/58€255,210€360,002▲

Deferred charges and accrued income490/1€2,274-

Equity and liabilities

Total equity and liabilities10/49€5.5m€5.5m▲

Equity10/15€3.8m€3.8m▲

Contributions10/11€3.2m€3.2m=

Capital10€3.2m€3.2m=

Issued capital100€3.2m€3.2m=

Reserves13€49,455€49,455=

Non-distributable reserves130/1€49,455€49,455=

Legal reserve130€49,455€49,455=

Profit (loss) carried forward14€514,817€599,919▲

Amounts payable17/49€1.7m€1.7m▼

Amounts payable after more than one year17€1.4m€1.3m▼

Financial debts170/4€1.4m€1.3m▼

Amounts payable within one year42/48€341,185€343,342▲

Current portion of amounts payable after more than one year42€71,718€74,275▲

Trade debts44€22,610€1,902▼

Suppliers440/4€22,610€1,902▼

Other amounts payable47/48€246,857€267,166▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156,067€170,836▲

Other operating charges640/8€148,691€36,594▼

Gross operating margin9900€260,053€334,537▲

Operating profit (loss)9901-€44,705€127,107▲

Financial income75/76B€13,797€8,208▼

Recurring financial income75€13,797€8,208▼

Financial charges65/66B€33,960€50,213▲

Recurring financial charges65€33,960€50,213▲

Profit (loss) for the period before taxes9903-€64,868€85,102▲

Income taxes67/77-€3,093-

Profit (loss) for the period9904-€61,775€85,102▲

Profit (loss) for the period to be appropriated9905-€61,775€85,102▲

Appropriation of the result

Profit (loss) to be appropriated9906€514,817€599,919▲

Profit (loss) brought forward from the previous period14P€576,592€514,817▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€128,413	€128,121	€145,823	€156,067	€170,836	▲ 9.5%
Other operating charges640/8	€38,343	€34,489	€185,261	€148,691	€36,594	▼ 75.4%
Gross operating margin9900	€414,331	€431,480	€320,707	€260,053	€334,537	▲ 28.6%
Operating profit (loss)9901	€247,575	€268,870	-€10,377	-€44,705	€127,107	▲ 384%
Financial income75/76B	€800	€18,418	€11,515	€13,797	€8,208	▼ 40.5%
Recurring financial income75	€800	€18,418	€11,515	€13,797	€8,208	▼ 40.5%
Financial charges65/66B	€683	€708	€23,479	€33,960	€50,213	▲ 47.9%
Recurring financial charges65	€683	€708	€23,479	€33,960	€50,213	▲ 47.9%
Profit (loss) for the period before taxes9903	€247,692	€286,580	-€22,341	-€64,868	€85,102	▲ 231%
Income taxes67/77	€62,751	€74,326	€7,684	-€3,093	-	-
Profit (loss) for the period9904	€184,941	€212,254	-€30,025	-€61,775	€85,102	▲ 238%
Transfer from tax-exempt reserves789	€55,800	€56,960	€168,400	-	-	-
Transfer to tax-exempt reserves689	€84,200	-	-	-	-	-
Profit (loss) for the period to be appropriated9905	€156,541	€269,214	€138,375	-€61,775	€85,102	▲ 238%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€4.9m	€5.1m	€5.3m	€5.5m	€5.5m	▲ 0.2%
Fixed assets21/28	€3.4m	€3.3m	€4.5m	€5.2m	€5.0m	▼ 3.3%
Tangible fixed assets22/27	€3.4m	€3.3m	€4.5m	€5.2m	€5.0m	▼ 3.3%
Land and buildings22	€3.4m	€3.3m	€4.5m	€5.2m	€5.0m	▼ 3.3%
Financial fixed assets28	€2,478	€2,478	€0	-	-	-
Current assets29/58	€1.5m	€1.8m	€858,898	€294,744	€478,564	▲ 62.4%
Amounts receivable within one year40/41	€18,074	€127,845	€18,833	€27,257	€39,660	▲ 45.5%
Trade receivables40	€560	€127,845	€18,833	€20,063	€33,183	▲ 65.4%
Other amounts receivable41	€17,514	-	-	€7,194	€6,477	▼ 10.0%
Current investments50/53	€49,988	€49,976	€110,112	€10,003	€78,902	▲ 689%
Cash at bank and in hand54/58	€1.4m	€1.6m	€727,681	€255,210	€360,002	▲ 41.1%
Deferred charges and accrued income490/1	€1,966	-	€2,272	€2,274	-	-
Equity and liabilities
Total equity and liabilities10/49	€4.9m	€5.1m	€5.3m	€5.5m	€5.5m	▲ 0.2%
Equity10/15	€3.6m	€3.8m	€3.8m	€3.8m	€3.8m	▲ 2.3%
Contributions10/11	€3.1m	€3.1m	€3.2m	€3.2m	€3.2m	=
Capital10	€3.1m	€3.1m	€3.2m	€3.2m	€3.2m	=
Issued capital100	€3.1m	€3.1m	€3.2m	€3.2m	€3.2m	=
Reserves13	€274,815	€217,855	€49,455	€49,455	€49,455	=
Non-distributable reserves130/1	€49,455	€49,455	€49,455	€49,455	€49,455	=
Legal reserve130	€49,455	€49,455	€49,455	€49,455	€49,455	=
Tax-exempt reserves132	€225,360	€168,400	€0	-	-	-
Profit (loss) carried forward14	€181,613	€450,827	€576,592	€514,817	€599,919	▲ 16.5%
Amounts payable17/49	€1.4m	€1.3m	€1.5m	€1.7m	€1.7m	▼ 4.1%
Amounts payable after more than one year17	-	-	€777,756	€1.4m	€1.3m	▼ 5.3%
Financial debts170/4	-	-	€777,756	€1.4m	€1.3m	▼ 5.3%
Amounts payable within one year42/48	€1.4m	€1.3m	€725,754	€341,185	€343,342	▲ 0.6%
Current portion of amounts payable after more than one year42	-	-	€43,895	€71,718	€74,275	▲ 3.6%
Trade debts44	€27,171	€23,184	€35,605	€22,610	€1,902	▼ 91.6%
Suppliers440/4	€27,171	€23,184	€35,605	€22,610	€1,902	▼ 91.6%
Advances received on contracts in progress46	€2,584	€2,709	€2,728	-	-	-
Taxes, remuneration and social security45	€17,751	€34,326	€34,326	-	-	-
Taxes450/3	€17,751	€34,326	€34,326	-	-	-
Other amounts payable47/48	€1.3m	€1.3m	€609,200	€246,857	€267,166	▲ 8.2%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€184,941	€212,254	-€30,025	-€61,775	€85,102	▲ 238%
+ Depreciation and write-downs630	€128,413	€128,121	€145,823	€156,067	€170,836	▲ 9.5%
Operating cash flow (approximation)	€313,354	€340,375	€115,798	€94,292	€255,938	▲ 171%
Investment in fixed assets (approximation)	-	€0	-€1.3m	-€900,000	€0	▲ 100%
Change in cash	-	€196,095	-€880,638	-€472,471	€104,792	▲ 122%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-09

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 48 days late

2025

31-12

Financial Back to profitnet €85,102

Net result €85,102 after 2 loss-making years.

27-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet -€61,775

Net result drops to -€61,775, the lowest in the series; recovery starts the following year.

28-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

23-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Highest result since 2018net €212,254 ▲14.8%

Operating result €268,870, net result €212,254, both a record.

01-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 1 day late

2021

18-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 18 days late

2020

31-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 31 days late

2019

31-12

Financial Liquidity triplescurrent ratio 221.86

Current ratio from 68.06 to 221.86; short-term debt falls from €5,107 to €1,395.

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

2018

27-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

25-07

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.

0 of 11 acts read

About the unread acts

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

11 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, Brussel · 1 establishment unit since 1991

seat establishment The establishment unit on the map

Ground area

1,387 m²

Building footprint

360 m²

Volume, LiDAR

3,950 m³

2 parcels, Brussels, Wallonia · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.

9 companies at this address See who is registered here

1 establishment unit

Avenue de l'Europe 43, 1330 Rixensart

NACE 70201

since 19912.052.918.787

2 parcels

Wallonia 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25091A0522/00G003	Wallonia	1,167 m²	1 · 183 m²	8.6 m · 2 fl.
21808H1536/00D000	Brussels	220 m²	1 · 177 m²	20.4 m · 6 fl.

Linked by address, not proof of ownership

Good to know

2 of 2 parcels 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 · 1 holding

Chain of control

SONTAG 100%
IMOFRA

Highest known parent: SONTAG. The sources do not say who stands above it.

Owners 1

SONTAGparent

Sourceaccounts SONTAG 2024

100%

Holdings 1

Immobilière Deprez

Sourceown accounts 2022
Equity €374,727Result €128,269

0.01%

According to the 2022 annual accounts of IMOFRA and those 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.

Identification & contact

Identification

Legal formPublic limited company

Founded15-03-1991

Fiscal year end31-12

E-invoicing

Reachable via Peppol

Peppol ID 0208:0443705516

Registered 15-09-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

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