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KH IMMO

Active
Private limited company (pre-2019)founded 201510 yrs activeRue Foulerie 27, 4850 Plombières, BelgiumKBO/BCE: BE 0642.884.128
Summary

KH IMMO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €140,358 and a net result of -€30,358. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 18% of 122 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2026
Axes · tick = 2025
Profitability34▼-2
Solvency32▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.24 in 2025; short-term debt: 87% and cash: 2% of total assets), and 93% 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

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026
Net result per financial year
1819202223242526
2018 to 2026 · latest year -€30,358
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 122 sector peers (2026).
NBB · sector comparison
Position among 122 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 03-07-2026, 120 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2026
120 d early
2025
95 d early
2024
133 d early
2023
116 d early
2022
151 d early
2020
150 d early
2019
160 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 132 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
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

KH IMMO was incorporated on 15 November 2015.1 Total assets rose from EUR 1 million in 2018 to EUR 2 million in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2026

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Financials · fiscal year 2026, micro schema

Equity
€140,358▼ 17.8%
2025 · €170,717
Total assets
€2.0m▲ 13.8%
2025 · €1.8m
Net result
-€30,358▼ 222%
2025 · -€9,424
Working capital
€259,176▼ 23.8%
2025 · €340,209
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20222023202420252026
Operating result€589,506-€101,871▼ 82.7%-€5,840€6,012-€5,579
Net result€573,133above the sector's middle half-€92,131above the sector's middle half▼ 83.9%-€20,250below the sector's middle half-€9,424below the sector's middle half▲ 53.5%-€30,358▼ 222%
Equity€200,391within the sector's middle half-€200,391within the sector's middle half=€180,141within the sector's middle half▼ 10.1%€170,717within the sector's middle half▼ 5.2%€140,358▼ 17.8%
Total assets€1.2mabove the sector's middle half-€1.5mabove the sector's middle half▲ 22.6%€1.4mabove the sector's middle half▼ 0.2%€1.8mabove the sector's middle half▲ 20.9%€2.0m▲ 13.8%
Debt€982,623-€1.3m▲ 27.2%€1.3m▲ 1.4%€1.6m▲ 24.6%€1.9m▲ 17.3%
Working capital€204,759-€293,052▲ 43.1%€495,602▲ 69.1%€340,209▼ 31.4%€259,176▼ 23.8%
Solvency16.9%within the sector's middle half-13.8%within the sector's middle half▼ 3.1pp12.4%within the sector's middle half▼ 1.4pp9.8%within the sector's middle half▼ 2.7pp7.0%▼ 2.7pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
  • 2023 Net result -84% on 2022. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
-€200,000€0€200,000€400,000€600,000Operating result 2022: €589,506€589,506Net result 2022: €573,133€573,133Operating result 2023: €101,871€101,871Net result 2023: €92,131€92,131Operating result 2024: -€5,840-€5,840Net result 2024: -€20,250-€20,250Operating result 2025: €6,012€6,012Net result 2025: -€9,424-€9,424Operating result 2026: -€5,579-€5,579Net result 2026: -€30,358-€30,35820222023202420252026-€40,000-€30,000-€20,000-€10,000€0€10,000Operating result 2024: -€5,840-€5,840Net result 2024: -€20,250-€20,300Operating result 2025: €6,012€6,010Net result 2025: -€9,424-€9,420Operating result 2026: -€5,579-€5,580Net result 2026: -€30,358-€30,400202420252026
The operating result turns negative in 2026: a loss of €5,579 after €6,012 in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €2.0m
Equity €140,358 ▼ 17.8%
Debt €1.9m ▲ 17.3%
Debt's share of the balance-sheet total rises from 90.2% to 93.0%. Equity is lower and debt is higher.
Key figures and ratios
2026 value · change against 2025
Current ratio
1.15▼
2025 · 1.24
Quick ratio
0.03▼
2025 · 0.24
Debt to equity
13.20▲
2025 · 9.25
ROE
-21.6%▼
2025 · -5.5%
ROA
-1.5%▼
2025 · -0.5%
Debt ≤ 1 year
€1.7m▲
2025 · €1.4m
Debt > 1 year
€40,000▼
2025 · €120,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 912 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.

  • Small
  • 10 to 20 years old
  • solvency under 10%
  • a small loss
2.0% went bankrupt
2.1% stopped otherwise
95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 912 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 36 lines
Balance sheet Code20252026
Assets
Total assets20/58€1.8m€2.0m▲
Current assets29/58€1.8m€2.0m▲
Stocks and contracts in progress3€1.4m€1.9m▲
Stocks30/36€1.4m€1.9m▲
Amounts receivable within one year40/41€301,925€68▼
Trade receivables40€125,000-
Other amounts receivable41€176,925€68▼
Cash at bank and in hand54/58€29,481€39,134▲
Deferred charges and accrued income490/1€8,636€9,719▲
Equity and liabilities
Total equity and liabilities10/49€1.8m€2.0m▲
Equity10/15€170,717€140,358▼
Contributions10/11€200,000€200,000=
Profit (loss) carried forward14-€29,283-€59,642▼
Amounts payable17/49€1.6m€1.9m▲
Amounts payable after more than one year17€120,000€40,000▼
Other amounts payable178/9€120,000€40,000▼
Amounts payable within one year42/48€1.4m€1.7m▲
Trade debts44€286,249€49,303▼
Suppliers440/4€286,249€49,303▼
Advances received on contracts in progress46€125,000-
Taxes, remuneration and social security45-€44
Taxes450/3-€44
Other amounts payable47/48€999,000€1.7m▲
Accrued charges and deferred income492/3€49,492€78,818▲
Income statement Code20252026
Other operating charges640/8€1,294€1,335▲
Gross operating margin9900€7,307-€4,244▼
Operating profit (loss)9901€6,012-€5,579▼
Financial income75/76B€4,358€5,792▲
Recurring financial income75€4,358€5,792▲
Financial charges65/66B€19,795€30,571▲
Recurring financial charges65€19,795€30,571▲
Profit (loss) for the period before taxes9903-€9,424-€30,358▼
Profit (loss) for the period9904-€9,424-€30,358▼
Profit (loss) for the period to be appropriated9905-€9,424-€30,358▼
Appropriation of the result
Profit (loss) to be appropriated9906-€29,283-€59,642▼
Profit (loss) brought forward from the previous period14P-€19,859-€29,283▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Other operating charges640/8€1,185€1,130€707€1,294€1,335▲ 3.1%
Gross operating margin9900€590,692€103,001-€5,133€7,307-€4,244▼ 158%
Operating profit (loss)9901€589,506€101,871-€5,840€6,012-€5,579▼ 193%
Financial income75/76B€6,810€309€4,278€4,358€5,792▲ 32.9%
Recurring financial income75€6,810€309€4,278€4,358€5,792▲ 32.9%
Financial charges65/66B€23,183€10,050€18,688€19,795€30,571▲ 54.4%
Recurring financial charges65€23,183€10,050€18,688€19,795€30,571▲ 54.4%
Profit (loss) for the period before taxes9903€573,133€92,131-€20,250-€9,424-€30,358▼ 222%
Profit (loss) for the period9904€573,133€92,131-€20,250-€9,424-€30,358▼ 222%
Profit (loss) for the period to be appropriated9905€573,133€92,131-€20,250-€9,424-€30,358▼ 222%
Line20222023202420252026Change
Assets
Total assets20/58€1.2m€1.5m€1.4m€1.8m€2.0m▲ 13.8%
Current assets29/58€1.2m€1.5m€1.4m€1.8m€2.0m▲ 13.8%
Stocks and contracts in progress3€632,315€1.3m€1.3m€1.4m€1.9m▲ 37.8%
Stocks30/36€632,315€1.3m€1.3m€1.4m€1.9m▲ 37.8%
Amounts receivable within one year40/41€167,250€191,059€174,859€301,925€68▼ 100.0%
Trade receivables40-€21,000-€125,000--
Other amounts receivable41€167,250€170,059€174,859€176,925€68▼ 100.0%
Cash at bank and in hand54/58€383,450€7,861€17,300€29,481€39,134▲ 32.7%
Deferred charges and accrued income490/1--€4,278€8,636€9,719▲ 12.5%
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.5m€1.4m€1.8m€2.0m▲ 13.8%
Equity10/15€200,391€200,391€180,141€170,717€140,358▼ 17.8%
Contributions10/11€200,000€200,000€200,000€200,000€200,000=
Profit (loss) carried forward14€391€391-€19,859-€29,283-€59,642▼ 104%
Amounts payable17/49€982,623€1.3m€1.3m€1.6m€1.9m▲ 17.3%
Amounts payable after more than one year17-€80,000€285,000€120,000€40,000▼ 66.7%
Other amounts payable178/9-€80,000€285,000€120,000€40,000▼ 66.7%
Amounts payable within one year42/48€978,255€1.2m€952,506€1.4m€1.7m▲ 22.9%
Financial debts43€209,550-----
Credit institutions430/8€209,550-----
Trade debts44€234€150,409€242,506€286,249€49,303▼ 82.8%
Suppliers440/4€234€150,409€242,506€286,249€49,303▼ 82.8%
Advances received on contracts in progress46---€125,000--
Taxes, remuneration and social security45€992---€44-
Taxes450/3€992---€44-
Other amounts payable47/48€767,479€1.0m€710,000€999,000€1.7m▲ 68.6%
Accrued charges and deferred income492/3€4,368€12,661€30,461€49,492€78,818▲ 59.3%
Line20222023202420252026Change
Profit (loss) for the period9904€573,133€92,131-€20,250-€9,424-€30,358▼ 222%
Operating cash flow (approximation)€573,133€92,131-€20,250-€9,424-€30,358▼ 222%
Change in cash--€375,588€9,438€12,181€9,653▼ 20.7%

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

Next filing, fiscal year 2027, expected by 31-10-2027
2026
03-07
NBB filing Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial Weakest financial yearnet -€30,358
Net result drops to -€30,358, the lowest in the series.
2025
28-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2024
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2023
07-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2022
02-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial Highest result since 2018net €573,133 ▲12,985%
Operating result €589,506, net result €573,133, both a record.
31-03
Financial Equity above €200,000Eq €200,391 ▲39.4%
3 profitable years in a row build equity to €200,391.
2020
01-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
22-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
30-09
Financial Back to profitnet €1,147
Net result €1,147 after one loss-making year.
2018
11-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
4 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, Plombières · 1 establishment unit since 2015
seat establishment The establishment unit on the map
Ground area
2,342 m²
Building footprint
206 m²
Volume, LiDAR
1,173 m³
Parcel 63054B0140/00E000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
KH IMMO
Rue Foulerie 27, 4850 PlombièresReal estate activities
since 20152.247.619.860
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
63054B0140/00E000 Wallonia 2,342 m² 1 · 206 m² 8.0 m · 2 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

2 owners

Owners 2

Holdings 0

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

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.

Similar companies · same sector, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 4,505 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded15-11-2015
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0642884128
Registered 17-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.