N2R IMMO
ActiveN2R IMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50k and a net result of €16k. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 13826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency7▼-12
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.89 in 2024), and 89.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
10.9%
Return on assets
3.4%
Age of the figures
8 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
16 d early
2022
33 d early
2021
2 d early
2020
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
10-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▼ 36.4%
2024 · €79k
2020: €36k
2021: €25k
2022: €45k
2023: €64k
2024: €79k
2020 → 2025
Total assets
€458k▼ 8.9%
2024 · €503k
2020: €558k
2021: €534k
2022: €540k
2023: €523k
2024: €503k
2020 → 2025
Net result
€16k▲ 4.4%
2024 · €15k
2020: €-14k
2021: €-11k
2022: €20k
2023: €18k
2024: €15k
2020 → 2025
Working capital
€-50k▼ 663%
2024 · €-7k
2020: €290k
2021: €-13k
2022: €-11k
2023: €-7k
2024: €-7k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€45k▲ 81.2%€64k▲ 40.6%€79k▲ 23.8%€50k▼ 36.4%
Operating result€-5k-€25k€26k▲ 2.9%€24k▼ 7.1%€25k▲ 2.3%
Net result€-11k-€20k€18k▼ 9.3%€15k▼ 17.5%€16k▲ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €458k
Fixed assets
€426k▼ 4.8%
Current assets
€32k▼ 42.2%
Equity and liabilities €458k
Equity
€50k▼ 36.4%
Debt
€408k▼ 3.8%
The debt ratio rises from 84.4% to 89.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€46k▲
2024 · €46k
Cash flow
€37k▲
2024 · €37k
Solvency
10.9%▼
2024 · 15.6%
Current ratio
0.39▼
2024 · 0.89
Quick ratio
0.39▼
2024 · 0.89
Debt / equity
8.17▲
2024 · 5.40
ROE
31.6%▲
2024 · 19.3%
ROA
3.4%▲
2024 · 3.0%
Interest coverage
12.72▲
2024 · 11.51
Debt
€408k▼
2024 · €424k
Debt ≤ 1 year
€82k▲
2024 · €62k
Debt > 1 year
€326k▼
2024 · €363k
Income taxes
€5k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€503k€458k▼
Fixed assets21/28€448k€426k▼
Tangible fixed assets22/27€448k€426k▼
Land and buildings22€448k€426k▼
Current assets29/58€55k€32k▼
Amounts receivable within one year40/41€2k€0▼
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€53k€31k▼
Deferred charges and accrued income490/1€757€763▲
Equity and liabilities
Total equity and liabilities10/49€503k€458k▼
Equity10/15€79k€50k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€29k€0▼
Amounts payable17/49€424k€408k▼
Amounts payable after more than one year17€363k€326k▼
Financial debts170/4€363k€326k▼
Amounts payable within one year42/48€62k€82k▲
Current portion of amounts payable after more than one year42€36k€36k▲
Trade debts44€197€0▼
Suppliers440/4€197€0▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€22k€42k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k=
Other operating charges640/8€451€649▲
Gross operating margin9900€46k€47k▲
Operating profit (loss)9901€24k€25k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€20k€21k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€15k€16k▲
Profit (loss) for the period to be appropriated9905€15k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€44k▲
Profit (loss) brought forward from the previous period14P€14k€29k▲
Profit to be distributed694/7-€44k
Return on contributions (dividend)694-€44k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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, Gerpinnes · 1 establishment unit since 2020
Ground area
1,086 m²
Building footprint
195 m²
Volume, LiDAR
1,377 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
N2R IMMO
since 20202.301.104.076
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52069B0036/00M000 | Wallonia | 746 m² | 1 · 106 m² | 9.6 m · 3 fl. |
| 52025B0205/00S004 | Wallonia | 340 m² | 1 · 88 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,703 companies in sector 68310 we hold annual accounts for 6,877. 4,847 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2020
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.