LACIMMO
ActiveSummary
LACIMMO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €499,737 and a net result of -€10,700. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 95% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-70
Solvency100=
Growth37=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 10.04 against 6.15 in 2024; short-term debt: 1.1% and cash: 0.3% of total assets), and 1.1% 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
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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
98.9%
Return on assets
-2.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €499,737
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 03-04-2026, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
119 d early
2024
27 d early
2023
6 d early
2022
22 d late
2021
26 d late
2020
29 d early
2019
9 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 20 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€24,695▼ 19.5%
2023 · €30,695
EBIT margin
50.6%▼ 10.1pp
2023 · 60.7%
Net result
-€10,700
2024 · €9,898
Working capital
€51,618▼ 0.8%
2024 · €52,015
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
Line20212022202320242025
Turnover€31,320▼ 13.7%€31,320=€30,695▼ 2.0%€24,695▼ 19.5%
Operating result€18,223▼ 15.4%€18,873▲ 3.6%€18,619▼ 1.3%€12,497▼ 32.9%-€11,310
Net result€13,622within the sector's middle half▼ 8.7%€13,938within the sector's middle half▲ 2.3%€13,703within the sector's middle half▼ 1.7%€9,898within the sector's middle half▼ 27.8%-€10,700within the sector's middle half
EBIT margin58.2%▼ 1.2pp60.3%▲ 2.1pp60.7%▲ 0.4pp50.6%▼ 10.1pp
Equity€110,555within the sector's middle half▼ 0.3%€110,493within the sector's middle half▼ 0.1%€110,196within the sector's middle half▼ 0.3%€110,094within the sector's middle half▼ 0.1%€499,737within the sector's middle half▲ 354%
Total assets€124,555below the sector's middle half▼ 0.3%€125,167below the sector's middle half▲ 0.5%€124,268below the sector's middle half▼ 0.7%€120,188below the sector's middle half▼ 3.3%€505,448below the sector's middle half▲ 321%
Debt€14,000=€14,674▲ 4.8%€14,072▼ 4.1%€10,094▼ 28.3%€5,710▼ 43.4%
Working capital€45,428within the sector's middle half▲ 16.6%€52,248within the sector's middle half▲ 15.0%€55,627within the sector's middle half▲ 6.5%€52,015within the sector's middle half▼ 6.5%€51,618within the sector's middle half▼ 0.8%
Solvency88.8%above the sector's middle half=88.3%above the sector's middle half▼ 0.5pp88.7%above the sector's middle half▲ 0.4pp91.6%above the sector's middle half▲ 2.9pp98.9%above the sector's middle half▲ 7.3pp
Current ratio4.24above the sector's middle half▲ 0.464.73above the sector's middle half▲ 0.494.95above the sector's middle half▲ 0.226.15above the sector's middle half▲ 1.2010.04above the sector's middle half▲ 3.89
Return on assets (ROA)10.9%above the sector's middle half▼ 1.0pp11.1%above the sector's middle half▲ 0.2pp11.0%above the sector's middle half▼ 0.1pp8.2%above the sector's middle half▼ 2.8pp-2.1%below the sector's middle half▼ 10.4pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,310 after €12,497 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €505,448
Fixed assets
€448,119 ▲ 672%
Current assets
€57,329 ▼ 7.7%
Equity and liabilities €505,448
Equity
€499,737 ▲ 354%
Debt
€5,710 ▼ 43.4%
Debt's share of the balance-sheet total falls from 8.4% to 1.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€1,006▼
2024 · €16,999
Cash flow
-€397▼
2024 · €14,401
Debt to equity
0.01▼
2024 · 0.09
ROE
-2.1%▼
2024 · 9.0%
Interest coverage
-1.84▼
2024 · 180.88
Debt ≤ 1 year
€5,710▼
2024 · €10,094
Income taxes
-€82▼
2024 · €3,212
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,611 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.1%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 8,611 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €31,320 | €31,320 | €30,695 | €24,695 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €3,023 | €2,581 | €3,713 | €2,636 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,842 | €6,208 | €4,351 | €4,503 | €10,304 | ▲ 129% |
| Other operating charges640/8 | €3,232 | €3,658 | €4,013 | €5,059 | €4,294 | ▼ 15.1% |
| Gross operating margin9900 | €28,297 | €28,739 | €26,982 | €22,059 | €3,288 | ▼ 85.1% |
| Operating profit (loss)9901 | €18,223 | €18,873 | €18,619 | €12,497 | -€11,310 | ▼ 191% |
| Financial income75/76B | - | - | €300 | €707 | €1,073 | ▲ 51.8% |
| Recurring financial income75 | - | - | €300 | €707 | €1,073 | ▲ 51.8% |
| Financial charges65/66B | €84 | €78 | €89 | €94 | €546 | ▲ 481% |
| Recurring financial charges65 | €84 | €78 | €89 | €94 | €546 | ▲ 481% |
| Profit (loss) for the period before taxes9903 | €18,140 | €18,795 | €18,830 | €13,110 | -€10,782 | ▼ 182% |
| Income taxes67/77 | €4,518 | €4,857 | €5,127 | €3,212 | -€82 | ▼ 103% |
| Profit (loss) for the period9904 | €13,622 | €13,938 | €13,703 | €9,898 | -€10,700 | ▼ 208% |
| Profit (loss) for the period to be appropriated9905 | €13,622 | €13,938 | €13,703 | €9,898 | -€10,700 | ▼ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €124,555 | €125,167 | €124,268 | €120,188 | €505,448 | ▲ 321% |
| Fixed assets21/28 | €65,127 | €58,919 | €54,569 | €58,079 | €448,119 | ▲ 672% |
| Tangible fixed assets22/27 | €65,127 | €58,919 | €54,569 | €58,079 | €448,119 | ▲ 672% |
| Land and buildings22 | €63,270 | €58,919 | €54,569 | €50,218 | €448,119 | ▲ 792% |
| Plant, machinery and equipment23 | €1,857 | - | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €7,861 | - | - |
| Current assets29/58 | €59,428 | €66,248 | €69,699 | €62,109 | €57,329 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €456 | €224 | - | €2,000 | €55,137 | ▲ 2,657% |
| Other amounts receivable41 | €456 | €224 | - | €2,000 | €55,137 | ▲ 2,657% |
| Current investments50/53 | €52,279 | €59,556 | €65,078 | €58,661 | - | - |
| Cash at bank and in hand54/58 | €5,568 | €3,268 | €4,009 | €810 | €1,528 | ▲ 88.7% |
| Deferred charges and accrued income490/1 | €1,125 | €3,200 | €612 | €638 | €663 | ▲ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €124,555 | €125,167 | €124,268 | €120,188 | €505,448 | ▲ 321% |
| Equity10/15 | €110,555 | €110,493 | €110,196 | €110,094 | €499,737 | ▲ 354% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Revaluation surpluses12 | - | - | - | - | €400,344 | - |
| Reserves13 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €555 | €493 | €196 | €94 | -€10,606 | ▼ 11,384% |
| Amounts payable17/49 | €14,000 | €14,674 | €14,072 | €10,094 | €5,710 | ▼ 43.4% |
| Amounts payable within one year42/48 | €14,000 | €14,000 | €14,072 | €10,094 | €5,710 | ▼ 43.4% |
| Trade debts44 | - | - | €72 | €94 | €5,204 | ▲ 5,416% |
| Suppliers440/4 | - | - | €72 | €94 | €5,204 | ▲ 5,416% |
| Other amounts payable47/48 | €14,000 | €14,000 | €14,000 | €10,000 | €506 | ▼ 94.9% |
| Accrued charges and deferred income492/3 | - | €674 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,622 | €13,938 | €13,703 | €9,898 | -€10,700 | ▼ 208% |
| + Depreciation and write-downs630 | €6,842 | €6,208 | €4,351 | €4,503 | €10,304 | ▲ 129% |
| Operating cash flow (approximation) | €20,464 | €20,146 | €18,053 | €14,401 | -€397 | ▼ 103% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€8,013 | -€400,344 | ▼ 4,896% |
| Change in cash | - | -€2,300 | €741 | -€3,199 | €719 | ▲ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€10,700
Net result drops to -€10,700, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €499,737 ▲354%
Equity rises from €110,094 to €499,737.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €17,007 ▲3%
Operating result €23,462, net result €17,007, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Rixensart · 1 establishment unit since 2023
Ground area
776 m²
Building footprint
195 m²
Volume, LiDAR
1,446 m³
Parcel 25033A0541/00F000, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
LACIMMO
since 20232.353.460.322
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25033A0541/00F000 | Wallonia | 776 m² | 1 · 195 m² | 9.4 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
Part of the group
BR Organization
21 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- BR Organization
- BLACKREIT
- LACIMMO
Highest known parent: BR Organization. The sources do not say who stands above it.
Owners 1
- BLACKREITparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of LACIMMO and those 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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464013257
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.