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INTER IMMO VAD

Active
Public limited companyfounded 200818 yrs activeRue des Volontaires de Guerre 10, 7330 Saint-Ghislain, BelgiumKBO/BCE: BE 0897.204.468
Summary

INTER IMMO VAD has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6,485 and a net result of €6,097. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability62▲+6
Solvency26▲+1
Growth42▲+10
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 93.4% and cash: 0.1% of total assets), and 99.2% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · 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
highest failure risk from 2 to 8 years 18 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
0.8%
Return on assets
0.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €6,485
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-09-2025, 51 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 filings
Deviation from the deadline
2025
not confirmed
2024
51 d late
2023
43 d late
2022
122 d late
2021
95 d late
2020
3 d late
2019
17 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 50 days after 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 (1)
neutral · 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

On 9 April 2008, INTER IMMO VAD was incorporated.1 Total assets went from EUR 938,744 in 2018 to EUR 851,476 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€34,200▲ 8.6%
2023 · €31,500
EBIT margin
42.7%▼ 1.3pp
2023 · 44.0%
Net result
€6,097▲ 13,449%
2023 · €45
Working capital
-€795,026▼ 11.2%
2023 · -€715,113
Trend over the years

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

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€31,500€34,200▲ 8.6%
Operating result€2,807▼ 80.7%€1,848▼ 34.2%€13,731▲ 643%€13,861▲ 0.9%€14,591▲ 5.3%
Net result-€17,143▼ 138%-€15,035▲ 12.3%-€1,162▲ 92.3%€45€6,097▲ 13,449%
EBIT margin44.0%42.7%▼ 1.3pp
Equity€16,539▼ 54.4%€1,504▼ 90.9%€342▼ 77.3%€387▲ 13.1%€6,485▲ 1,576%
Total assets€896,111▼ 1.3%€883,777▼ 1.4%€872,286▼ 1.3%€860,872▼ 1.3%€851,476▼ 1.1%
Debt€879,572▲ 0.9%€882,273▲ 0.3%€871,944▼ 1.2%€860,485▼ 1.3%€844,991▼ 1.8%
Working capital-€445,416▼ 24.2%-€542,842▼ 21.9%-€626,775▼ 15.5%-€715,113▼ 14.1%-€795,026▼ 11.2%
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000Operating result 2020: €2,807€2,807Net result 2020: -€17,143-€17,143Operating result 2021: €1,848€1,848Net result 2021: -€15,035-€15,035Operating result 2022: €13,731€13,731Net result 2022: -€1,162-€1,162Operating result 2023: €13,861€13,861Net result 2023: €45€45Operating result 2024: €14,591€14,591Net result 2024: €6,097€6,09720202021202220232024-€5,000€0€5,000€10,000€15,000Operating result 2022: €13,731€13,700Net result 2022: -€1,162-€1,160Operating result 2023: €13,861€13,900Net result 2023: €45€45Operating result 2024: €14,591€14,600Net result 2024: €6,097€6,100202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 5% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €851,476
Fixed assets €850,975 ▼ 1.1%
Current assets €501 ▲ 1,122%
Equity and liabilities €851,476
Equity €6,485 ▲ 1,576%
Debt €844,991 ▼ 1.8%
Debt's share of the balance-sheet total falls from 100.0% to 99.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€24,447▲
2023 · €24,305
Cash flow
€15,953▲
2023 · €10,489
Current ratio
0.00▲
2023 · 0.00
ROE
94.0%
ROA
0.7%▲
2023 · 0.0%
Interest coverage
2.88▲
2023 · 1.76
Debt ≤ 1 year
€795,527▲
2023 · €715,154
Debt > 1 year
€46,974▼
2023 · €145,331
A ratio outside any meaningful range has been withheld (balance sheet total €851,476, equity €6,485).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€860,872€851,476▼
Formation expenses20€0€0=
Fixed assets21/28€860,831€850,975▼
Tangible fixed assets22/27€160,831€150,975▼
Land and buildings22€154,173€145,418▼
Plant, machinery and equipment23€6,658€5,557▼
Financial fixed assets28€700,000€700,000=
Current assets29/58€41€501▲
Cash at bank and in hand54/58€41€501▲
Equity and liabilities
Total equity and liabilities10/49€860,872€851,476▼
Equity10/15€387€6,485▲
Contributions10/11€61,600€61,600=
Capital10€61,600€61,600=
Issued capital100€61,600€61,600=
Profit (loss) carried forward14-€61,213-€55,115▲
Amounts payable17/49€860,485€844,991▼
Amounts payable after more than one year17€145,331€46,974▼
Financial debts170/4€145,331€46,974▼
Amounts payable within one year42/48€715,154€795,527▲
Current portion of amounts payable after more than one year42€239,655€313,357▲
Financial debts43-€0
Trade debts44€6,069€9,893▲
Suppliers440/4€6,069€9,893▲
Advances received on contracts in progress46-€0
Other amounts payable47/48€469,430€472,277▲
Accrued charges and deferred income492/3-€2,490
Income statement Code20232024
Turnover70€31,500€34,200▲
Goods, raw materials, services and sundry goods60/61€4,710€5,374▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,444€9,856▼
Other operating charges640/8€2,485€4,379▲
Gross operating margin9900€26,790€28,826▲
Operating profit (loss)9901€13,861€14,591▲
Financial charges65/66B€13,816€8,494▼
Recurring financial charges65€13,816€8,484▼
Non-recurring financial charges66B-€10
Profit (loss) for the period before taxes9903€45€6,097▲
Profit (loss) for the period9904€45€6,097▲
Profit (loss) for the period to be appropriated9905€45€6,097▲
Appropriation of the result
Profit (loss) to be appropriated9906-€61,213-€55,115▲
Profit (loss) brought forward from the previous period14P-€61,258-€61,212▲

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Turnover70---€31,500€34,200▲ 8.6%
Goods, raw materials, services and sundry goods60/61---€4,710€5,374▲ 14.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,561€12,270€11,297€10,444€9,856▼ 5.6%
Other operating charges640/8-€163€434€2,485€4,379▲ 76.2%
Gross operating margin9900€19,505€14,281€25,462€26,790€28,826▲ 7.6%
Operating profit (loss)9901€2,807€1,848€13,731€13,861€14,591▲ 5.3%
Financial charges65/66B-€16,883€14,893€13,816€8,494▼ 38.5%
Recurring financial charges65€19,965€16,883€14,893€13,816€8,484▼ 38.6%
Non-recurring financial charges66B----€10-
Profit (loss) for the period before taxes9903-€17,158-€15,035-€1,162€45€6,097▲ 13,449%
Income taxes67/77-€15-----
Profit (loss) for the period9904-€17,143-€15,035-€1,162€45€6,097▲ 13,449%
Profit (loss) for the period to be appropriated9905-€17,143-€15,035-€1,162€45€6,097▲ 13,449%
Line20202021202220232024Change
Assets
Total assets20/58€896,111€883,777€872,286€860,872€851,476▼ 1.1%
Formation expenses20€3,471€2,030€588€0€0-
Fixed assets21/28€891,371€880,543€870,687€860,831€850,975▼ 1.1%
Tangible fixed assets22/27€191,371€180,543€170,687€160,831€150,975▼ 6.1%
Land and buildings22-€171,684€162,929€154,173€145,418▼ 5.7%
Plant, machinery and equipment23-€8,859€7,758€6,658€5,557▼ 16.5%
Financial fixed assets28€700,000€700,000€700,000€700,000€700,000=
Current assets29/58€1,269€1,205€1,011€41€501▲ 1,122%
Cash at bank and in hand54/58€1,150€1,205€1,011€41€501▲ 1,122%
Equity and liabilities
Total equity and liabilities10/49€896,111€883,777€872,286€860,872€851,476▼ 1.1%
Equity10/15€16,539€1,504€342€387€6,485▲ 1,576%
Contributions10/11-€61,600€61,600€61,600€61,600=
Capital10-€61,600€61,600€61,600€61,600=
Issued capital100-€61,600€61,600€61,600€61,600=
Profit (loss) carried forward14-€45,061-€60,096-€61,258-€61,213-€55,115▲ 10.0%
Amounts payable17/49€879,572€882,273€871,944€860,485€844,991▼ 1.8%
Amounts payable after more than one year17€432,887€338,226€242,395€145,331€46,974▼ 67.7%
Financial debts170/4-€338,226€242,395€145,331€46,974▼ 67.7%
Amounts payable within one year42/48€446,685€544,046€627,786€715,154€795,527▲ 11.2%
Current portion of amounts payable after more than one year42-€94,660€167,498€239,655€313,357▲ 30.8%
Financial debts43----€0-
Trade debts44€14,902€13,292€918€6,069€9,893▲ 63.0%
Suppliers440/4-€13,292€918€6,069€9,893▲ 63.0%
Advances received on contracts in progress46----€0-
Other amounts payable47/48-€436,094€459,370€469,430€472,277▲ 0.6%
Accrued charges and deferred income492/3--€1,763-€2,490-
Line20202021202220232024Change
Profit (loss) for the period9904-€17,143-€15,035-€1,162€45€6,097▲ 13,449%
+ Depreciation and write-downs630€12,561€12,270€11,297€10,444€9,856▼ 5.6%
Operating cash flow (approximation)-€4,583-€2,765€10,135€10,489€15,953▲ 52.1%
Investment in fixed assets (approximation)--€1,441-€1,441-€588€0▲ 100%
Change in cash-€55-€193-€970€460▲ 147%

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

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Timeline · acts, filings and financial milestones

2025
20-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 51 days late
2024
12-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 43 days late
2023
31-12
Financial Back to profitnet €45
Net result €45 after 4 loss-making years.
30-11
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
2022
03-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
2021
03-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial Weakest financial yearnet -€17,143
Net result drops to -€17,143, the lowest in the series; recovery starts the following year.
14-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
28-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
12-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
24-10
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 85 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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, Saint-Ghislain · 1 establishment unit since 2008
seat establishment The establishment unit on the map
Ground area
143 m²
Building footprint
91 m²
Volume, LiDAR
936 m³
Parcel 53070B0024/00A017, Wallonia · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
INTER IMMO VAD
Rue des Volontaires de Guerre 10, 7330 Saint-GhislainReal estate activities
since 20082.354.631.646
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53070B0024/00A017 Wallonia 143 m² 1 · 91 m² 12.6 m · 3 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.

Structure & network

Owners and holdings

1 holding

Owners 0

No owner stated in the accounts, acts or LEI register we read.

Holdings 1

According to the annual accounts 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
Founded09-04-2008
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0897204468
Registered 23-12-2025

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.