Equity
€3.7m =
INVIMMO paid out €200,000 in dividends. That is 99% of the 2025 profit.
INVIMMO
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €2.0m (2011)
€442,100▲ €580,079
lowest -€818,634 (2012)
€201,787▲ €579,428
peak €6.0m (2016)
€3.7munchanged
€2.4m▼ 26.7%
peak 0 FTE (2025)
0 FTE
Board3 names since 2020
1 directorZANDBERG INVEST
Owners
Documentsfilings and deeds
23-06-202638 days before the deadline
2025financial year
Gross margin from -€137,979 to €442,100Back to profit: €201,787Registered office moved from Destelbergen to Sint-Denijs-Westrem 16-01Dividend €200,000Debts from €3.2m to €2.4mInvestments €478,402
Key points
from the 2025 annual accountsResult
€201,787 €201,787
Back in profit in 2025, after a loss of €377,641 in 2024.
Investments
€1.2m 5.8 × depreciation
Green is investment, beige is depreciation.
Checked score
86
Excellent
Financially stronger than 61% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.3%▲ +0.2 percentage points vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.9%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 0.3%▼ -0.6 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.35, cash €3,885
1 change of registered office in 24 months
lowers risk
Founded in 1991
Size: total assets €6.2m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 75% of them on solvency, 47% on liquidity, 79% on profitability and 43% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as INVIMMO has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of INVIMMO itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for INVIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.35 (1.98 in 2024), above the usual 1.5. Short-term debt is 13.7% and cash 0.1% of total assets. 40.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
37 days early
2023
20 days early
2022
28 days early
2021
69 days early
2020
15 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Zandberg Invest 99.76%equity €4.4m (2025) · 2025 annual accounts of Zandberg Invest
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443165086
Environmental permit granted
Verwijderen van vrijstaande gebouwen · Provincie Oost-Vlaanderen
Registered office moved from Destelbergen to Sint-Denijs-Westrem
New registered office: Wittepaalstraat 53, 9051 Sint-Denijs-Westrem · Previous registered office: Melkwegel 66 bus 201, 9070 Destelbergen · Permanent representative: Yves Bostoen · Gazette deed
Appointment: ZANDBERG INVEST (director)
Cancellation of 27 shares · Permanent representative: BOSTOEN Yves · General meeting of 05-07-2021 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as INVIMMO: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €5m and €8.1m, founded between 1983 and 2001.
Official details
Source: KBO- Status
- Active since 25-01-1991Normal situation
- Activity
- Real estate agency activitiesNACE 68310
- Establishment unit
- 2.051.709.3569051 Ghent, since 06-09-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2025
Annual accounts 2025
- ≈ €1.1mestimated
- €6.2m▼ 13.0%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on INVIMMO
INVIMMO has existed since 1991. The gross margin fell from €2.0m in 2011 to €121,414 in 2012.
Solvency rose in 2025 from 51.5% to 59.1% because of lower debts.
Zandberg Invest holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INVIMMO
- What is the company number of INVIMMO?
- The company number of INVIMMO is 0443.165.086. The VAT number is the same number with BE in front: BE 0443.165.086.
- Where is INVIMMO based?
- The registered office is at Wittepaalstraat 53, 9051 Ghent.Company details
- What does INVIMMO do?
- According to the KBO register, the main activity is real estate agency activities (NACE 68310).
- What is the legal form of INVIMMO?
- INVIMMO is a public limited company (NV).
- When was INVIMMO founded?
- INVIMMO was founded on 25-01-1991.
- Is INVIMMO still active?
- Yes, INVIMMO is an active enterprise in the KBO register.
- What is the turnover of INVIMMO?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €442,100 and 30 comparable companies (NACE 683). It probably lies between €760,000 and €1.4m.Financials
- Is INVIMMO profitable?
- In financial year 2025, INVIMMO made a profit of €201,787.
- Where can I find the annual accounts of INVIMMO?
- INVIMMO filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INVIMMO due?
- INVIMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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