IMSOL
ActiveSummary
IMSOL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of €274,668. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 9354 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▼-28
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 92.01 against 97.92 in 2024; short-term debt: 1% and cash: 5.1% of total assets), and 5.7% 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
Five 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
94.3%
Return on assets
4.6%
Age of the figures
9 mo
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
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 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
73 d early
2023
86 d early
2022
76 d early
2021
76 d early
2020
82 d early
2019
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 79 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 16 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€35,489▼ 63.6%
2024 · €97,628
EBIT margin
-36.3%▼ 82.6pp
2024 · 46.3%
Net result
€274,668▼ 67.7%
2024 · €851,324
Working capital
€5.3m▲ 4.5%
2024 · €5.1m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€56,100▲ 6.9%€52,253▼ 6.9%€61,228▲ 17.2%€97,628▲ 59.5%€35,489▼ 63.6%
Operating result€9,785▼ 22.4%€9,812▲ 0.3%€8,690▼ 11.4%€45,182▲ 420%-€12,874
Net result€177,727above the sector's middle half▲ 1.9%€193,960above the sector's middle half▲ 9.1%€275,283above the sector's middle half▲ 41.9%€851,324above the sector's middle half▲ 209%€274,668above the sector's middle half▼ 67.7%
EBIT margin17.4%▼ 6.6pp18.8%▲ 1.3pp14.2%▼ 4.6pp46.3%▲ 32.1pp-36.3%▼ 82.6pp
Equity€4.5mabove the sector's middle half▲ 0.2%€4.5mabove the sector's middle half▲ 0.2%€4.5mabove the sector's middle half▲ 0.3%€5.4mabove the sector's middle half▲ 18.9%€5.6mabove the sector's middle half▲ 5.1%
Total assets€7.9mabove the sector's middle half▼ 2.7%€7.7mabove the sector's middle half▼ 2.8%€7.6mabove the sector's middle half▼ 2.0%€5.7mabove the sector's middle half▼ 24.0%€6.0mabove the sector's middle half▲ 3.8%
Debt€3.5m▼ 6.3%€3.2m▼ 6.6%€3.1m▼ 5.2%€395,903▼ 87.1%€338,962▼ 14.4%
Working capital€6.8mabove the sector's middle half▼ 3.0%€6.6mabove the sector's middle half▼ 3.4%€6.4mabove the sector's middle half▼ 3.6%€5.1mabove the sector's middle half▼ 20.5%€5.3mabove the sector's middle half▲ 4.5%
Solvency56.4%within the sector's middle half▲ 1.7pp58.1%within the sector's middle half▲ 1.7pp59.5%within the sector's middle half▲ 1.4pp93.1%above the sector's middle half▲ 33.6pp94.3%above the sector's middle half▲ 1.2pp
Current ratio17.43above the sector's middle half▼ 1.1115.91above the sector's middle half▼ 1.5212.82above the sector's middle half▼ 3.0897.92above the sector's middle half▲ 85.1092.01above the sector's middle half▼ 5.91
Return on assets (ROA)2.2%within the sector's middle half▲ 0.1pp2.5%within the sector's middle half▲ 0.3pp3.6%within the sector's middle half▲ 1.1pp14.8%above the sector's middle half▲ 11.2pp4.6%within the sector's middle half▼ 10.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,874 after €45,182 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.0m
Fixed assets
€613,031 ▼ 2.4%
Current assets
€5.4m ▲ 4.6%
Equity and liabilities €6.0m
Equity
€5.6m ▲ 5.1%
Debt
€338,962 ▼ 14.4%
Debt's share of the balance-sheet total falls from 6.9% to 5.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2,434▼
2024 · €60,490
Cash flow
€289,976▼
2024 · €866,632
Debt to equity
0.06▼
2024 · 0.07
ROE
4.9%▼
2024 · 15.9%
Interest coverage
0.22▼
2024 · 0.50
Debt ≤ 1 year
€58,163▲
2024 · €52,271
Debt > 1 year
€279,867▼
2024 · €332,725
Income taxes
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,048 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €56,100 | €52,253 | €61,228 | €97,628 | €35,489 | ▼ 63.6% |
| Goods, raw materials, services and sundry goods60/61 | €27,252 | €23,248 | €33,027 | €28,432 | €28,881 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,497 | €15,497 | €15,497 | €15,308 | €15,308 | = |
| Other operating charges640/8 | €3,566 | €3,696 | €4,014 | €4,460 | €4,174 | ▼ 6.4% |
| Non-recurring operating charges66A | - | - | - | €4,245 | - | - |
| Gross operating margin9900 | €28,849 | €29,005 | €28,201 | €69,196 | €6,608 | ▼ 90.5% |
| Operating profit (loss)9901 | €9,785 | €9,812 | €8,690 | €45,182 | -€12,874 | ▼ 128% |
| Financial income75/76B | €280,603 | €289,091 | €364,362 | €926,545 | €298,814 | ▼ 67.7% |
| Recurring financial income75 | €280,603 | €289,091 | €364,362 | €285,067 | €298,814 | ▲ 4.8% |
| Non-recurring financial income76B | - | - | - | €641,477 | - | - |
| Financial charges65/66B | €112,662 | €104,942 | €97,823 | €120,403 | €11,272 | ▼ 90.6% |
| Recurring financial charges65 | €112,662 | €104,942 | €97,823 | €120,403 | €11,272 | ▼ 90.6% |
| Profit (loss) for the period before taxes9903 | €177,727 | €193,960 | €275,230 | €851,324 | €274,668 | ▼ 67.7% |
| Income taxes67/77 | - | - | -€53 | - | €0 | - |
| Profit (loss) for the period9904 | €177,727 | €193,960 | €275,283 | €851,324 | €274,668 | ▼ 67.7% |
| Profit (loss) for the period to be appropriated9905 | €177,727 | €193,960 | €275,283 | €851,324 | €274,668 | ▼ 67.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.9m | €7.7m | €7.6m | €5.7m | €6.0m | ▲ 3.8% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €681,387 | €665,890 | €650,393 | €628,339 | €613,031 | ▼ 2.4% |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | €681,387 | €665,890 | €650,393 | €628,339 | €613,031 | ▼ 2.4% |
| Land and buildings22 | €681,387 | €665,890 | €650,393 | €628,339 | €613,031 | ▼ 2.4% |
| Financial fixed assets28 | - | - | - | €0 | - | - |
| Current assets29/58 | €7.3m | €7.1m | €6.9m | €5.1m | €5.4m | ▲ 4.6% |
| Amounts receivable after more than one year29 | €5.8m | €5.6m | €5.3m | €4.1m | €3.9m | ▼ 5.1% |
| Other amounts receivable291 | €5.8m | €5.6m | €5.3m | €4.1m | €3.9m | ▼ 5.1% |
| Amounts receivable within one year40/41 | €261,089 | €256,251 | €267,288 | €243,821 | €218,657 | ▼ 10.3% |
| Trade receivables40 | €67 | €27 | €316 | €384 | €4,952 | ▲ 1,190% |
| Other amounts receivable41 | €261,022 | €256,224 | €266,972 | €243,437 | €213,705 | ▼ 12.2% |
| Current investments50/53 | - | - | €1.0m | €600,000 | €900,000 | ▲ 50.0% |
| Cash at bank and in hand54/58 | €1.2m | €1.2m | €276,634 | €138,940 | €306,440 | ▲ 121% |
| Deferred charges and accrued income490/1 | €766 | €125 | €27,911 | €3,265 | €3,107 | ▼ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.9m | €7.7m | €7.6m | €5.7m | €6.0m | ▲ 3.8% |
| Equity10/15 | €4.5m | €4.5m | €4.5m | €5.4m | €5.6m | ▲ 5.1% |
| Contributions10/11 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Capital10 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Issued capital100 | €4.4m | €4.4m | €4.4m | €4.4m | €4.4m | = |
| Reserves13 | €19,057 | €29,117 | €42,881 | €85,447 | €99,180 | ▲ 16.1% |
| Non-distributable reserves130/1 | €19,057 | €29,117 | €42,881 | €85,447 | €99,180 | ▲ 16.1% |
| Legal reserve130 | €19,057 | €29,117 | €42,881 | €85,447 | €99,180 | ▲ 16.1% |
| Profit (loss) carried forward14 | €94,134 | €94,134 | €94,134 | €902,892 | €1.2m | ▲ 28.9% |
| Amounts payable17/49 | €3.5m | €3.2m | €3.1m | €395,903 | €338,962 | ▼ 14.4% |
| Amounts payable after more than one year17 | €3.0m | €2.7m | €2.5m | €332,725 | €279,867 | ▼ 15.9% |
| Financial debts170/4 | €3.0m | €2.7m | €2.5m | €332,725 | €279,867 | ▼ 15.9% |
| Amounts payable within one year42/48 | €416,238 | €443,381 | €539,082 | €52,271 | €58,163 | ▲ 11.3% |
| Current portion of amounts payable after more than one year42 | €242,006 | €251,195 | €260,733 | €50,921 | €52,858 | ▲ 3.8% |
| Trade debts44 | €6,232 | €8,287 | €8,457 | €1,177 | €4,855 | ▲ 312% |
| Suppliers440/4 | €6,232 | €8,287 | €8,457 | €1,177 | €4,855 | ▲ 312% |
| Taxes, remuneration and social security45 | - | - | €8,373 | €172 | €450 | ▲ 161% |
| Taxes450/3 | - | - | €8,373 | €172 | €450 | ▲ 161% |
| Other amounts payable47/48 | €168,000 | €183,900 | €261,519 | €0 | - | - |
| Accrued charges and deferred income492/3 | €72,594 | €68,057 | €63,520 | €10,908 | €932 | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €177,727 | €193,960 | €275,283 | €851,324 | €274,668 | ▼ 67.7% |
| + Depreciation and write-downs630 | €15,497 | €15,497 | €15,497 | €15,308 | €15,308 | = |
| Operating cash flow (approximation) | €193,224 | €209,457 | €290,780 | €866,632 | €289,976 | ▼ 66.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €6,745 | €0 | ▼ 100% |
| Change in cash | - | €44,589 | -€928,069 | -€137,694 | €167,500 | ▲ 222% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €851,324 ▲209%
Net result €851,324, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 97.92
Current ratio from 12.82 to 97.92; short-term debt falls from €539,082 to €52,271.
31-12
Financial
Equity above €5mEq €5.4m ▲18.9%
6 profitable years in a row build equity to €5.4m.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €174,591
Net result €174,591 after one loss-making year.
31-12
Financial
Liquidity times 12current ratio 31.95
Current ratio from 2.59 to 31.95; short-term debt falls from €2.7m to €234,472.
Show earlier events
31-12
Financial
Equity above €2mEq €4.5m ▲423%
Equity rises from €851,544 to €4.5m.
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
18 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, Antwerpen · 1 establishment unit since 2010
Ground area
2.5 ha
Building footprint
2,435 m²
Volume, LiDAR
40,572 m³
2 parcels, Flanders · tallest building 25.0 m, ±6 floors. Linked by address, not a title deed.
20
companies at this address
See who is registered here
1 establishment unit
IMSOL
since 20102.187.362.272
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0095/00E008 | Flanders | 2.4 ha | 1 · 1,269 m² | 25.0 m · 6 fl. |
| 11802B2308/00A000 | Flanders | 1,779 m² | 1 · 1,166 m² | 22.9 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 ownerChain of control
- Participo CM Antwerpen
- IMSOL
Highest known parent: Participo CM Antwerpen. The sources do not say who stands above it.
Owners 1
- Participo CM AntwerpenparentSourceown accounts 2025100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of IMSOL 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.
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Of 9,141 companies in sector 68201 we hold annual accounts for 6,772. 2,984 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823545044
Also
9925:BE0823545044
Registered
22-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.