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IMOWEL

Active Public limited companyfounded 1992active for 34 yearsRue de l'Echelle 308, 4100 SeraingKBO/BCE: BE 0446.380.439 #9 oldest company in Seraing, Real estate sector

Lifetime

18 annual accounts with figures on one time axis, 34 filings since 1992
peak €612,530 (2019)
€289,450▲ 19.2%
lowest -€192,296 (2010)
€28,121▲ 48.7%
peak €590,195 (2025)
€590,195▲ 5.0%
€1.8m▲ 21.0%
Board3 names since 2021
- 
Documentsfilings and deeds
30-08-202630 days late
2025abbreviated format
Gross margin from €242,750 to €289,450Result from €18,911 to €28,121Debts from €1.5m to €1.8mInvestments €709,162Cash from €358,323 to €102,584

Key points

from the 2025 annual accounts

Equity

€590,195 ▲ 5.0%

IMOWEL has made a profit without a break since 2011.

Debts

€1.8m 72% of the balance sheet
Financial debts 70%Suppliers 1%Taxes and wages 0%Other 29%

Of this, €523,888 falls due within a year.

Investments

€709,162 5.1 × depreciation
20212022202320242025

Green is investment, beige is depreciation. Land and buildings stand 36.9% higher than in 2024.

2025 accounts filed 30 days after the deadline

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 4,685 companies had the same profile as IMOWEL has now. Each dot stands for 12 companies, two years later.

97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 4,685 companies, not a prediction for IMOWEL. 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

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Shares in 1 company,

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0446380439
3 directors appointed , and · General meeting of 11-05-2021 · Gazette deed
First establishment Rue de l'Echelle 308, Seraing
Incorporation published on 06-02-1992 · Gazette deed
All 44 events

Comparable companies

same main activity, similar in size and age
Company
IMOWEL Seraing €2.5m €289,450 23.2% -
BEHOKO Waregem €2.6m €257,959 88.7% 0.3
VYNCKIER C. Sint-Martens-Latem €2.7m €327,280 60.7% -
IMMO GUYFER Mons €2.4m €262,118 16.4% -
DIMO Oostkamp €2.6m €265,921 39.7% -
ENERGIE WEST Zandhoven €2.2m €278,430 64.8% 0
JACRIMAR Duffel €3.0m €288,277 5.2% 0

These companies have the same main activity as IMOWEL: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €2.2m and €3m, founded between 1988 and 1993.

Official details

Source: KBO
Status
Active since 16-01-1992Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
Establishment unit
2.056.474.9274100 Seraing, since 05-03-1992
Financial year end
31 December
Peppol
Reachable since 18-08-2025
Company details

Annual accounts 2025

≈ €320,000estimated
€2.5m▲ 14.9%
Filing
Filed on 30-08-2026
Financials

Insights on IMOWEL

IMOWEL files the abbreviated format. That format states no turnover. The gross margin rose from €279,145 in 2008 to €289,450 in 2025.

The balance sheet grew most from 2023 to 2025 through fixed assets, financed with long-term debt.

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 IMOWEL

What is the company number of IMOWEL?
The company number of IMOWEL is 0446.380.439. The VAT number is the same number with BE in front: BE 0446.380.439.
Where is IMOWEL based?
The registered office is at Rue de l'Echelle 308, 4100 Seraing.Company details
What does IMOWEL do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of IMOWEL?
IMOWEL is a public limited company (NV).
When was IMOWEL founded?
IMOWEL was founded on 16-01-1992.
Is IMOWEL still active?
Yes, IMOWEL is an active enterprise in the KBO register.
What is the turnover of IMOWEL?
The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €289,450 and 39 comparable companies (NACE 68203). It probably lies between €300,000 and €400,000.Financials
Is IMOWEL profitable?
In financial year 2025, IMOWEL made a profit of €28,121.
Where can I find the annual accounts of IMOWEL?
IMOWEL filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IMOWEL due?
IMOWEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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