NEW IMMO CONSTRUCT
ActiveThe file of NEW IMMO CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 0.9% (low). The 2025 annual accounts show equity of €161,752 and a net result of -€18,790. Equity has been stable since 2018 (±2.1% per year). Its solvency ranks better than 95% of 17,149 sector peers (NACE 68, financial year 2025).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-09-2011 Normal situation
- Activity
- Development of residential building projects NACE 68121and 1 other
- Establishment unit
- 2.202.552.472 5100 Namur, since 02-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
- Gross margin
- -€16,117
- ▲ 61.3%
- Loss
- €18,790
- ▼ 56.8%
- Equity
- €161,752
- ▼ 10.4%
- Total assets
- €164,114
- ▼ 21.4%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateLoss of €18,790, the second in a row (financial year 2025)lowers riskEquity €161,752 (98.6% of total assets)Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 91% of them on solvency, 65% on liquidity, 10% on profitability and 28% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 80 days after 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)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00468798.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2025 is a loss of €17,703, smaller than the loss of €43,394 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,345 | - | €39,227 | - | - |
| Depreciation and write-downs of the year | €3,221 | €366 | €3,932 | €1,436 | €1,189 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €5,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,910 | €2,910 | €5,385 | €3,221 | €366 | €3,932 | €1,436 | €1,189 | ▼ 17.2% |
| Other operating charges640/8 | - | - | - | - | - | - | €296 | €56 | ▼ 81.1% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €341 | - |
| Gross operating margin9900 | €4,457 | €16,004 | €36,329 | €7,539 | €47,404 | €15,337 | -€41,662 | -€16,117 | ▲ 61.3% |
| Operating profit (loss)9901 | €1,547 | €13,094 | €30,944 | €4,319 | €47,038 | €11,405 | -€43,394 | -€17,703 | ▲ 59.2% |
| Financial charges65/66B | - | - | - | €101 | €206 | €5,958 | €141 | €1,087 | ▲ 670% |
| Recurring financial charges65 | €162 | €124 | €4,192 | €101 | €206 | €310 | €141 | €1,087 | ▲ 670% |
| Non-recurring financial charges66B | - | - | - | - | - | €5,648 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,385 | €12,971 | €26,752 | €4,217 | €46,832 | €5,447 | -€43,535 | -€18,790 | ▲ 56.8% |
| Income taxes67/77 | - | €2,889 | €9,054 | €872 | €12,567 | €2,406 | - | - | - |
| Profit (loss) for the period9904 | €1,385 | €10,082 | €17,698 | €3,345 | €34,265 | €3,041 | -€43,535 | -€18,790 | ▲ 56.8% |
| Profit (loss) for the period to be appropriated9905 | €1,385 | €10,082 | €17,698 | €3,345 | €34,265 | €3,041 | -€43,535 | -€18,790 | ▲ 56.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €218,308 | €181,052 | €206,052 | €315,021 | €240,330 | €246,105 | €208,826 | €164,114 | ▼ 21.4% |
| Fixed assets21/28 | €6,200 | €3,290 | €2,855 | €980 | €614 | €35,909 | €34,472 | €33,284 | ▼ 3.4% |
| Tangible fixed assets22/27 | €6,200 | €3,290 | €2,855 | €980 | €614 | €35,909 | €34,472 | €33,284 | ▼ 3.4% |
| Land and buildings22 | - | - | - | - | - | €35,661 | €34,472 | €33,284 | ▼ 3.4% |
| Plant, machinery and equipment23 | - | - | - | €980 | €614 | €248 | - | - | - |
| Current assets29/58 | €212,108 | €177,762 | €203,197 | €314,042 | €239,717 | €210,196 | €174,354 | €130,831 | ▼ 25.0% |
| Stocks and contracts in progress3 | €65,540 | - | - | €44,875 | €44,875 | - | - | - | - |
| Stocks30/36 | - | - | - | €44,875 | €44,875 | - | - | - | - |
| Amounts receivable within one year40/41 | €139,350 | €119,359 | €159,239 | €185,346 | €118,645 | €118,714 | €124,748 | €124,756 | = |
| Trade receivables40 | - | - | - | €66,216 | - | - | €341 | - | - |
| Other amounts receivable41 | - | - | - | €119,129 | €118,645 | €118,714 | €124,408 | €124,756 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €7,218 | €58,403 | €43,959 | €66,374 | €76,197 | €91,475 | €24,599 | €6,075 | ▼ 75.3% |
| Deferred charges and accrued income490/1 | - | - | - | €17,448 | - | €7 | €25,007 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €218,308 | €181,052 | €206,052 | €315,021 | €240,330 | €246,105 | €208,826 | €164,114 | ▼ 21.4% |
| Equity10/15 | €155,647 | €165,729 | €183,426 | €186,771 | €221,037 | €224,078 | €180,543 | €161,752 | ▼ 10.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €155,552 | ▲ 84× |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €1,860 | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €153,692 | - |
| Profit (loss) carried forward14 | €147,587 | €157,669 | €175,366 | €178,711 | €212,977 | €216,018 | €172,483 | - | - |
| Amounts payable17/49 | €62,661 | €15,323 | €22,626 | €128,250 | €19,293 | €22,027 | €28,284 | €2,362 | ▼ 91.6% |
| Amounts payable within one year42/48 | €62,661 | €15,323 | €22,626 | €128,250 | €19,293 | €20,979 | €26,284 | €2,362 | ▼ 91.0% |
| Financial debts43 | - | - | - | - | - | - | - | €22 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €22 | - |
| Trade debts44 | €5,285 | €1,143 | €287 | €109,524 | €2,579 | €53 | €737 | - | - |
| Suppliers440/4 | - | - | - | €109,524 | €2,579 | €53 | €737 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €15,000 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €5,722 | €14,714 | €3,614 | €3,830 | €2,340 | ▼ 38.9% |
| Taxes450/3 | - | - | - | €5,722 | €14,714 | €3,614 | €3,830 | €2,340 | ▼ 38.9% |
| Other amounts payable47/48 | - | - | - | €13,003 | €2,000 | €17,312 | €6,716 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,048 | €2,000 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,385 | €10,082 | €17,698 | €3,345 | €34,265 | €3,041 | -€43,535 | -€18,790 | ▲ 56.8% |
| + Depreciation and write-downs630 | €2,910 | €2,910 | €5,385 | €3,221 | €366 | €3,932 | €1,436 | €1,189 | ▼ 17.2% |
| Operating cash flow (approximation) | €4,295 | €12,992 | €23,083 | €6,566 | €34,631 | €6,973 | -€42,099 | -€17,601 | ▲ 58.2% |
| Investment in fixed assets (approximation) | - | €0 | -€4,950 | -€1,345 | €0 | -€39,227 | €0 | €0 | - |
| Change in cash | - | €51,185 | -€14,444 | €22,415 | €9,823 | €15,277 | -€66,876 | -€18,524 | ▲ 72.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 4,805 companies had the same profile as NEW IMMO CONSTRUCT has now. Two years later, 88.1% were still going and 2.0% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NEW IMMO CONSTRUCT itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 4,805 companies, not a prediction for NEW IMMO CONSTRUCT. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00468798 | |
| 31-12-2024 | micro format | 22-08-2025 | 2025-00399065 | |
| 31-12-2023 | abbreviated format | 21-03-2025 | 2025-00052856 | |
| 31-12-2023 | micro format | 08-02-2025 | 2025-00031536 | |
| 31-12-2022 | micro format | 05-01-2024 | 2024-00544985 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20419333 | |
| 31-12-2020 | micro format | 14-09-2021 | 2021-67700126 | |
| 31-12-2019 | micro format | 21-10-2020 | 2020-63700388 | |
| 31-12-2018 | micro format | 05-09-2019 | 2019-64000232 | |
| 31-12-2017 | micro format | 19-08-2019 | 2019-48000365 |
Board & ownership
Directors
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | M. Ghislain Paul Emmanuel, avenue de la Gare 7, 6840 Neufchâteau |
19-09-2013 → 10-10-2013 |
Owners and capital
Shareholders
- Osman ATES 186 shares
Capital transactions
- 08-01-2024 Capital stated in the deed · 186 shares
Articles of association
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “En tout temps par décision assemblée générale délibérant formes modifications statuts, ARTICLE VINGT-DEUX - DISSOLUTION”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “ARTICLE VINGT-TROIS - LIQUIDATEURS, dissolution pour quelque cause et à quelque moment”
Articles of association, deed of 08-01-2024 (in French)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
08-01
Gazette deed
Legal-form change · Resignations & appointmentsAppointment: Osman ATES (director) · Incorporation · Shareholding13 points ▸
- General meeting, 29-12-2023
- Incorporation, 31-08-2011
- Osman ATES holds 186 shares
- Other provision, “mise en conformité des statuts suite à l’entrée en vigueur du Code des Sociétés et des Associations-adoption forme SRL, confirmation des mandats” (deed in French)
- Capital, mentioned 2 times in the deed
- Amendment of the articles
- Legal-form conversion, “Société à responsabilité limitée” (deed in French)
- Other provision, “dispense lecture rapport organe gestion sur modification objet article 5:101 CSA, dispense de donner lecture à l'assemblée” (deed in French)
- Declaration, “rapport organe gestion modification objet, actionnaires” (deed in French)
- Purpose change
- Director appointment, Osman ATES (director)
- Power of attorney
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0838.973.883
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92095B0209/00X005 | Wallonia | 1,889 m² | 1 · 188 m² | 6.0 m · 1 |