Indimmo
ActiveSummary
Indimmo has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.0m and a net result of €618,674. Equity is shrinking by ~20.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 94% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+14
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €490,000 at 30 days acceptable
Liquidity ample (current ratio 23.91 against 5.38 in 2024; short-term debt: 0.8% and cash: 14.4% of total assets), and 11.7% 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
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
88.3%
Return on assets
9.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
31 d early
2023
23 d late
2022
31 d late
2021
34 d early
2020
39 d early
2019
29 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 8 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 24 August (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by equity in Elsene, Construction sector#9 company by total assets in Elsene, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€618,674
2024 · -€144,412
Working capital
€1.2m▲ 211%
2024 · €391,836
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2.1m▲ 1,785%-€104,069-€74,812▲ 28.1%-€114,213▼ 52.7%€842,953
Net result€1.7mabove the sector's middle half▼ 2.9%-€92,516below the sector's middle half-€80,046below the sector's middle half▲ 13.5%-€144,412below the sector's middle half▼ 80.4%€618,674above the sector's middle half
Equity€19.6mabove the sector's middle half▲ 6.2%€5.3mabove the sector's middle half▼ 72.9%€5.5mabove the sector's middle half▲ 4.2%€5.4mabove the sector's middle half▼ 2.6%€6.0mabove the sector's middle half▲ 11.5%
Total assets€31.5mabove the sector's middle half▲ 40.1%€6.6mabove the sector's middle half▼ 79.1%€6.5mabove the sector's middle half▼ 1.5%€6.3mabove the sector's middle half▼ 3.0%€6.8mwithin the sector's middle half▲ 8.2%
Debt€8.2m▲ 1,259%€95,945▼ 98.8%€125,165▲ 30.5%€122,978▼ 1.7%€69,529▼ 43.5%
Working capital€3.7mabove the sector's middle half▼ 19.8%€268,872above the sector's middle half▼ 92.8%€354,158within the sector's middle half▲ 31.7%€391,836within the sector's middle half▲ 10.6%€1.2mwithin the sector's middle half▲ 211%
Solvency62.3%above the sector's middle half▼ 19.9pp80.7%above the sector's middle half▲ 18.4pp85.4%above the sector's middle half▲ 4.7pp85.7%above the sector's middle half▲ 0.3pp88.3%above the sector's middle half▲ 2.6pp
Current ratio6.86above the sector's middle half▼ 4.845.31above the sector's middle half▼ 1.554.54above the sector's middle half▼ 0.775.38above the sector's middle half▲ 0.8423.91above the sector's middle half▲ 18.54
Return on assets (ROA)5.3%within the sector's middle half▼ 2.3pp-1.4%below the sector's middle half▼ 6.7pp-1.2%below the sector's middle half▲ 0.2pp-2.3%below the sector's middle half▼ 1.1pp9.1%above the sector's middle half▲ 11.4pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €842,953 after a loss of €114,213 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.8m
Fixed assets
€5.5m ▼ 4.7%
Current assets
€1.3m ▲ 164%
Equity and liabilities €6.8m
Equity
€6.0m ▲ 11.5%
Provisions
€725,100 ▼ 6.5%
Debt
€69,529 ▼ 43.5%
Debt's share of the balance-sheet total falls from 2.0% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.0m▲
2024 · €106,933
Cash flow
€819,507▲
2024 · €76,734
Debt to equity
0.01▼
2024 · 0.02
ROE
10.3%▲
2024 · -2.7%
Interest coverage
22.45▼
2024 · 46.49
Debt ≤ 1 year
€53,110▼
2024 · €89,552
Debt > 1 year
€4,830▲
2024 · €3,920
Income taxes
€232,491▲
2024 · €79,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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%.
| 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 1,577 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.1m | €221,309 | €221,146 | €221,146 | €200,833 | ▼ 9.2% |
| Other operating charges640/8 | €182,774 | €1,336 | €1,857 | €1,362 | €2,133 | ▲ 56.6% |
| Non-recurring operating charges66A | €262,039 | €20 | - | - | - | - |
| Gross operating margin9900 | €3.7m | €118,597 | €148,191 | €108,295 | €1.0m | ▲ 866% |
| Operating profit (loss)9901 | €2.1m | -€104,069 | -€74,812 | -€114,213 | €842,953 | ▲ 838% |
| Financial income75/76B | €190,374 | €56,793 | €10,575 | €4,429 | €4,313 | ▼ 2.6% |
| Recurring financial income75 | €99,294 | €56,793 | €10,575 | €4,429 | €4,313 | ▼ 2.6% |
| Non-recurring financial income76B | €91,080 | - | - | - | - | - |
| Financial charges65/66B | €115,808 | €14,723 | €4,087 | €2,300 | €46,501 | ▲ 1,922% |
| Recurring financial charges65 | €115,808 | €14,723 | €4,087 | €2,300 | €46,501 | ▲ 1,922% |
| Profit (loss) for the period before taxes9903 | €2.2m | -€61,999 | -€68,323 | -€112,084 | €800,765 | ▲ 814% |
| Transfer from deferred taxes780 | €407,667 | €47,075 | €47,358 | €47,358 | €50,400 | ▲ 6.4% |
| Transfer to deferred taxes680 | €697,090 | - | - | - | - | - |
| Income taxes67/77 | €254,064 | €77,592 | €59,080 | €79,685 | €232,491 | ▲ 192% |
| Profit (loss) for the period9904 | €1.7m | -€92,516 | -€80,046 | -€144,412 | €618,674 | ▲ 528% |
| Transfer from tax-exempt reserves789 | €1.2m | €141,224 | €142,073 | €142,073 | €151,200 | ▲ 6.4% |
| Transfer to tax-exempt reserves689 | €2.1m | - | - | €71,570 | - | - |
| Profit (loss) for the period to be appropriated9905 | €787,960 | €48,708 | €62,027 | -€73,909 | €769,873 | ▲ 1,142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31.5m | €6.6m | €6.5m | €6.3m | €6.8m | ▲ 8.2% |
| Fixed assets21/28 | €27.2m | €6.3m | €6.0m | €5.8m | €5.5m | ▼ 4.7% |
| Intangible fixed assets21 | €2,909 | - | - | - | - | - |
| Tangible fixed assets22/27 | €20.7m | €6.3m | €6.0m | €5.8m | €5.5m | ▼ 4.7% |
| Land and buildings22 | €18.2m | €6.3m | €6.0m | €5.8m | €5.5m | ▼ 4.7% |
| Plant, machinery and equipment23 | €5,471 | - | - | - | - | - |
| Furniture and vehicles24 | €7,764 | - | - | - | - | - |
| Other tangible fixed assets26 | €86,974 | - | - | - | - | - |
| Assets under construction and advance payments27 | €2.4m | - | - | - | - | - |
| Financial fixed assets28 | €6.5m | - | - | - | - | - |
| Current assets29/58 | €4.4m | €331,235 | €454,198 | €481,388 | €1.3m | ▲ 164% |
| Amounts receivable after more than one year29 | €161,430 | - | - | - | - | - |
| Other amounts receivable291 | €161,430 | - | - | - | - | - |
| Stocks and contracts in progress3 | €64,417 | - | - | - | - | - |
| Stocks30/36 | €64,417 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.4m | €66,883 | €31,394 | €69,652 | €275,458 | ▲ 295% |
| Trade receivables40 | €141,107 | €18,446 | €20,105 | €29,394 | €22,658 | ▼ 22.9% |
| Other amounts receivable41 | €2.3m | €48,437 | €11,289 | €40,258 | €252,801 | ▲ 528% |
| Cash at bank and in hand54/58 | €1.7m | €261,907 | €402,021 | €379,553 | €980,229 | ▲ 158% |
| Deferred charges and accrued income490/1 | €38,759 | €2,445 | €20,782 | €32,183 | €14,355 | ▼ 55.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31.5m | €6.6m | €6.5m | €6.3m | €6.8m | ▲ 8.2% |
| Equity10/15 | €19.6m | €5.3m | €5.5m | €5.4m | €6.0m | ▲ 11.5% |
| Contributions10/11 | €4.5m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | €4.5m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | €4.5m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €14.5m | €3.8m | €3.9m | €3.9m | €3.7m | ▼ 3.9% |
| Non-distributable reserves130/1 | €454,113 | €132,562 | €132,562 | €132,562 | €132,562 | = |
| Legal reserve130 | €454,113 | €132,562 | €132,562 | €132,562 | €132,562 | = |
| Tax-exempt reserves132 | €9.2m | €3.5m | €2.5m | €2.4m | €2.2m | ▼ 6.3% |
| Distributable reserves133 | €4.9m | €127,227 | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | €564,313 | €213,439 | €275,466 | €201,557 | €971,430 | ▲ 382% |
| Provisions and deferred taxes16 | €3.7m | €1.2m | €822,857 | €775,499 | €725,100 | ▼ 6.5% |
| Provisions for liabilities and charges160/5 | €617,471 | - | - | - | - | - |
| Major repairs and maintenance162 | €367,471 | - | - | - | - | - |
| Other liabilities and charges164/5 | €250,000 | - | - | - | - | - |
| Deferred taxes168 | €3.1m | €1.2m | €822,857 | €775,499 | €725,100 | ▼ 6.5% |
| Amounts payable17/49 | €8.2m | €95,945 | €125,165 | €122,978 | €69,529 | ▼ 43.5% |
| Amounts payable after more than one year17 | €7.3m | €3,672 | €3,795 | €3,920 | €4,830 | ▲ 23.2% |
| Financial debts170/4 | €7.1m | - | - | - | - | - |
| Other amounts payable178/9 | €182,849 | €3,672 | €3,795 | €3,920 | €4,830 | ▲ 23.2% |
| Amounts payable within one year42/48 | €636,869 | €62,363 | €100,039 | €89,552 | €53,110 | ▼ 40.7% |
| Trade debts44 | €131,865 | €5,621 | €6,859 | €15,884 | €21,326 | ▲ 34.3% |
| Suppliers440/4 | €131,865 | €5,621 | €6,859 | €15,884 | €21,326 | ▲ 34.3% |
| Taxes, remuneration and social security45 | €45,004 | €56,743 | €72,433 | €30,542 | €28,666 | ▼ 6.1% |
| Taxes450/3 | €45,004 | €56,743 | €72,433 | €30,542 | €28,666 | ▼ 6.1% |
| Other amounts payable47/48 | €460,000 | - | €20,747 | €43,127 | €3,118 | ▼ 92.8% |
| Accrued charges and deferred income492/3 | €280,486 | €29,909 | €21,331 | €29,506 | €11,589 | ▼ 60.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | -€92,516 | -€80,046 | -€144,412 | €618,674 | ▲ 528% |
| + Depreciation and write-downs630 | €1.1m | €221,309 | €221,146 | €221,146 | €200,833 | ▼ 9.2% |
| Operating cash flow (approximation) | €2.8m | €128,793 | €141,100 | €76,734 | €819,507 | ▲ 968% |
| Investment in fixed assets (approximation) | - | €20.7m | €0 | €0 | €72,997 | - |
| Change in cash | - | -€1.4m | €140,115 | -€22,468 | €600,676 | ▲ 2,773% |
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
17-09
State Gazette act
Resignation: Michel Scholasse (director)Permanent representative: Thomas DRAGUET · Director discharge · Power of attorney5 facts ▸
State Gazette act
Resignation: Michel Scholasse (director)
Permanent representative: Thomas DRAGUET · Director discharge · Power of attorney5 facts ▸
- General meeting, 04-05-2026
- Director resignation, Michel Scholasse (director)
- Director discharge, Michel Scholasse
- Power of attorney, SRL ANTICIPER
- Permanent representative, Thomas DRAGUET (director)
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
31-12
Financial
Back to profitnet €618,674
Net result €618,674 after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 23.91
Current ratio from 5.38 to 23.91; short-term debt falls from €89,552 to €53,110.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €1.7m ▲315%
Net result €1.7m, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 11.70
Current ratio from 1.76 to 11.70; short-term debt falls from €880,119 to €434,604.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €410,770
Net result €410,770 after one loss-making year.
03-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 34 days late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 30 acts read
About the unread acts
Of the 30 Belgian State Gazette acts we know for this company, 1 has been read. The other 29 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
29 of this company's 30 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2001
Ground area
3,724 m²
Building footprint
1,306 m²
Volume, LiDAR
98,133 m³
Parcel 21009A0769/00S002, Brussels · tallest building 99.0 m, ±27 floors. Linked by address, not a title deed.
406
companies at this address
See who is registered here
1 establishment unit
Marsveldplein 5, 1050 Elsene
since 20012.026.154.608
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A0769/00S002 | Brussels | 3,724 m² | 1 · 1,306 m² | 99.0 m · 27 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Michel Scholasse |
|
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 184,772 EUR awarded · 184,772 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 184,772 EUR | 184,772 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
9676004YVHNK7TRKIR74
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,052. 1,632 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
Founded21-12-1984
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427788113
Also
9925:BE0427788113
Registered
02-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.