INDIMMO BELUX
ActiveThe computed 12-month bankruptcy probability of INDIMMO BELUX is 2.2% (moderate). The 2025 annual accounts show equity of €11.96M and a net result of €2.72M. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 71% of 827 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+2
Solvency78▼-7
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity ample (current ratio 5.7 against 0.47 in 2024; short-term debt: 4.5% and cash: 0.6% of total assets), and 47.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
Sector 41
higher
← 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
52.9%
Return on assets
12%
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 · 4 filingsDeviation from the deadline
2025
25 d late
2024
31 d early
2023
23 d late
2022
28 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2.72M▲ 217%
2024 · €858k
2022: €438k
2023: €2.05M
2024: €858k
2022 → 2025
Working capital
€4.80M
2024 · €-773k
2022: €2.70M
2023: €4.58M
2024: €-773k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€16.44M-€18.24M▲ 11.0%€19.04M▲ 4.4%€11.96M▼ 37.2%
Operating result€773k-€2.43M▲ 214%€-206k€-861k▼ 318%
Net result€438k-€2.05M▲ 368%€858k▼ 58.1%€2.72M▲ 217%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €861k in 2025 against €206k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €22.62M
Fixed assets
€16.80M▼ 45.8%
Current assets
€5.82M▲ 764%
Equity and liabilities €22.62M
Equity
€11.96M▼ 37.2%
Provisions
€2.09M▼ 3.7%
Debt
€8.57M▼ 17.9%
The debt ratio rises from 33.0% to 37.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-409k▼
2024 · €198k
Cash flow
€3.17M▲
2024 · €1.26M
Solvency
52.9%▼
2024 · 60.2%
Current ratio
5.70▲
2024 · 0.47
Quick ratio
5.53▲
2024 · 0.42
Debt / equity
0.72▲
2024 · 0.55
ROE
22.8%▲
2024 · 4.5%
ROA
12.0%▲
2024 · 2.7%
Interest coverage
-2.55▼
2024 · 1.24
Debt
€8.57M▼
2024 · €10.43M
Debt ≤ 1 year
€1.02M▼
2024 · €1.45M
Debt > 1 year
€7.50M▼
2024 · €8.97M
Income taxes
€-78▼
2024 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€31.64M€22.62M▼
Fixed assets21/28€30.97M€16.80M▼
Tangible fixed assets22/27€17.00M€16.76M▼
Land and buildings22€8.99M€16.76M▲
Furniture and vehicles24€395€19▼
Assets under construction and advance payments27€8.01M-
Financial fixed assets28€13.97M€42k▼
Current assets29/58€674k€5.82M▲
Amounts receivable after more than one year29€17k€3.64M▲
Other amounts receivable291€17k€3.64M▲
Stocks and contracts in progress3€66k€174k▲
Stocks30/36€66k€42k▼
Contracts in progress37-€133k
Amounts receivable within one year40/41€347k€1.76M▲
Trade receivables40€8k€650k▲
Other amounts receivable41€339k€1.11M▲
Cash at bank and in hand54/58€65k€129k▲
Deferred charges and accrued income490/1€179k€114k▼
Equity and liabilities
Total equity and liabilities10/49€31.64M€22.62M▼
Equity10/15€19.04M€11.96M▼
Contributions10/11€2.96M€2.96M=
Capital10€2.96M€2.96M=
Issued capital100€2.96M€2.96M=
Revaluation surpluses12€3.00M-
Reserves13€10.06M€6.58M▼
Non-distributable reserves130/1€296k€296k=
Legal reserve130€296k€296k=
Tax-exempt reserves132€6.52M€6.28M▼
Distributable reserves133€3.25M-
Profit (loss) carried forward14€3.02M€2.43M▼
Provisions and deferred taxes16€2.17M€2.09M▼
Deferred taxes168€2.17M€2.09M▼
Amounts payable17/49€10.43M€8.57M▼
Amounts payable after more than one year17€8.97M€7.50M▼
Financial debts170/4€8.96M€7.41M▼
Other amounts payable178/9€17k€89k▲
Amounts payable within one year42/48€1.45M€1.02M▼
Current portion of amounts payable after more than one year42€481k€522k▲
Trade debts44€175k€380k▲
Suppliers440/4€175k€380k▲
Taxes, remuneration and social security45€596k€42k▼
Taxes450/3€596k€42k▼
Other amounts payable47/48€196k€77k▼
Accrued charges and deferred income492/3€12k€50k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€404k€452k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-5k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-21k-
Other operating charges640/8€30k€25k▼
Non-recurring operating charges66A-€281k
Gross operating margin9900€207k€-109k▼
Operating profit (loss)9901€-206k€-861k▼
Financial income75/76B€1.30M€3.66M▲
Recurring financial income75€404k€226k▼
Non-recurring financial income76B€896k€3.44M▲
Financial charges65/66B€160k€161k▲
Recurring financial charges65€160k€161k▲
Profit (loss) for the period before taxes9903€934k€2.64M▲
Transfer from deferred taxes780€83k€127k▲
Transfer to deferred taxes680€40k€48k▲
Income taxes67/77€119k€-78▼
Profit (loss) for the period9904€858k€2.72M▲
Transfer from tax-exempt reserves789€248k€382k▲
Transfer to tax-exempt reserves689€120k€143k▲
Profit (loss) for the period to be appropriated9905€985k€2.96M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.08M€5.98M▲
Profit (loss) brought forward from the previous period14P€2.09M€3.02M▲
Transfer from equity791/2-€3.25M
Profit to be distributed694/7€60k€6.80M▲
Return on contributions (dividend)694€60k€6.80M▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
31-12
Financial
Highest result since 2022net €2.72M ▲217%
Net result €2.72M, the highest in the series.
31-12
Financial
Liquidity times 12current ratio 5.70
Current ratio from 0.47 to 5.70; short-term debt falls from €1.45M to €1.02M.
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
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
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.
21-06-2024
Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Marsveldplein 51050 ElseneGround 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.
1 establishment unit
Indimmo Belux
since 20222.335.044.079
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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Driemo
BE 0406.457.615
Izegem · Eq €11.97M
IN ADVANCE
BE 0450.538.571
Brussel · Eq €11.97M
IC ASOCIADOS SA
BE 0561.761.048
SALTERAS · Eq €12.05M
BOUWBEDRIJVEN DEWAELE
BE 0432.803.607
Deerlijk · Eq €12.19M
CONSTRUCTIONS MARCEL CREUTZ
BE 0415.790.894
Welkenraedt · Eq €12.22M
Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 865 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-06-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:desk@indimmo.eu
Phone:02/550.34.18