INVESTSUD IMMO
INVESTSUD IMMO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.09M and a net result of €-15k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 231 sector peers (fiscal year 2025). The company has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3.09M |
| Net result | €-15k |
| Better than sector | 95% |
| Active | 40 yrs |
Strong profile, led by solvency.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 100.0% | 53.5% | |
| Net result | €-15k | €62k | |
| Equity | €3.09M | €4.01M | |
| Gross operating margin | €-79k | €51k | |
| Total assets | €3.09M | €8.74M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a |
| Net profit | €-15k | €-72k | €-115k | €-107k |
| Cash flow | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €3.09M | €3.12M | €3.19M | €3.30M |
| Equity | €3.09M | €3.10M | €3.18M | €3.29M |
| Debt | €826 | €19k | €12k | €12k |
| of which ≤ 1y | €730 | €4k | €5k | - |
| of which > 1y | - | - | - | - |
| Working capital | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a |
| Solvency | 100.0% | 99.4% | 99.6% | 99.6% |
| Debt / equity | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a |
| ROA | -0.5% | -2.3% | -3.6% | -3.2% |
| ROE | -0.5% | -2.3% | -3.6% | -3.2% |
| EBITDA margin | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3.09M | €3.12M | €3.19M | €3.30M |
| Fixed assets | 21/28 | €644k | €234k | €767k | €801k |
| Tangible fixed assets | 22/27 | - | - | €557k | €535k |
| Financial fixed assets | 28 | €644k | €234k | €210k | €266k |
| Current assets | 29/58 | €2.44M | €2.89M | €2.42M | €2.50M |
| Amounts receivable within one year | 40/41 | €137k | €176k | €278k | €380k |
| Investments | 50/53 | €1.78M | €2.10M | €2.00M | - |
| Cash & bank | 54/58 | €50k | €148k | €130k | €2.00M |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.09M | €3.12M | €3.19M | €3.30M |
| Equity | 10/15 | €3.09M | €3.10M | €3.18M | €3.29M |
| Contributions / capital | 10/11 | €3.72M | €3.72M | €3.72M | €3.72M |
| Reserves | 13 | €104k | €104k | €104k | €104k |
| Accumulated profits (losses) | 14 | €-735k | €-719k | €-647k | €-532k |
| Amounts payable | 17/49 | €826 | €19k | €12k | €12k |
| Amounts payable within one year | 42/48 | €730 | €4k | €5k | - |
| Trade debts payable within one year | 44 | €730 | €4k | €5k | - |
| Income statement | |||||
| Gross operating margin | 9900 | €-79k | €-167k | €-162k | €-148k |
| Operating result | 9901 | €-82k | €-180k | €-175k | €-160k |
| Financial income | 75 | €67k | €109k | €61k | €54k |
| Financial charges | 65 | €975 | €1k | €1k | €775 |
| Result before taxes | 9903 | €-15k | €-72k | €-115k | €-107k |
| Net result for the period | 9904 | €-15k | €-72k | €-115k | €-107k |
| Result to be appropriated | 9905 | €-15k | €-72k | €-115k | €-107k |
Former directors (1)
-
Magotteaux International SALegal entityDirectorState Gazette act 26097887 (29-07-2026)Former- → 29-07-2026
| NACE primary | Financial service activities, except insurance and pension funding(64910) |
| Legal form | Public limited company(014) |
| Incorporation | 29-10-1985 |
| Status | Active |
| Postal code | 6900 |
31-08
State Gazette act
General meeting · Name changeGeneral meeting · Name change · Power of attorney4 facts ▸
- General meeting, 2026-06-24
- Name change, ORSA IMMO
- Power of attorney, organe d'administration
- Fees, 1172.09
29-07
State Gazette act
Resignations & appointmentsDirector resignation1 fact ▸
- Director resignation, Magotteaux International SA (administrateur)
Of the 21 Belgian State Gazette acts we know for this company, 2 have been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
31-08-2026 Act object · Notarial deed · General meeting · Name change
- Act object: Mondification des statuts - changement de dénomination · INVESTSUD IMMO
- Publication: 2026-08-31 · INVESTSUD IMMO
- Notarial deed: 2026-06-24 · INVESTSUD IMMO
- General meeting: 2026-06-24 · INVESTSUD IMMO
- Name change: to: ORSA IMMO · INVESTSUD IMMO
- Power of attorney: tous pouvoirs à l'organe d'administration pour l'exécution des résolutions · organe d'administration
- Filing representative: mandat spécial à l'effet de signer le texte coordonné des statuts et de déposer celui-ci par l'e-dépôt · Chantal BURON
- Fees: 1172.09 · INVESTSUD IMMO
Technical details
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}29-07-2026 Officer resignation
- Publication: 29/07/2026 · INVESTSUD IMМО
- Officer resignation: date: 2025-10-22, role: administrateur · Magotteaux International SA
Technical details
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}24-04-2025 1 director appointed, 1 resigning, 1 reappointed
- Victor COLLIN, Commissaris
- Marc SIMONIS, Bestuurder
- Emmanuel SCHELLKENS, Bestuurder
Technical details
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}12-11-2024 1 director appointed, 1 resigning
- Emmanuel Schellekens, Bestuurder
- Marc Simonis, Bestuurder
Technical details
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}| Legal nameFR | INVESTSUD IMMO |
| Legal nameFR | ORSA IMMO |