NIRAELLE IMMO
ActiveSummary
NIRAELLE IMMO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84,511 and a net result of -€1,856. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 35% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▼-2
Solvency40▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.03; short-term debt: 10.8% and cash: 0.4% of total assets), and 85.4% of the assets are financed with debt.
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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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.6%
Return on assets
-0.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
411 d late
2022
67 d late
2021
120 d late
2020
23 d late
2019
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 115 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€84,511▼ 2.1%
2023 · €86,367
Total assets
€578,416▼ 4.2%
2023 · €603,502
Net result
-€1,856▲ 37.7%
2023 · -€2,978
Working capital
-€60,354▼ 9.6%
2022 · -€55,043
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
Line20202021202220232024
Operating result€2,427€26,993▲ 1,012%€1,222▼ 95.5%€12,317▲ 908%€17,388▲ 41.2%
Net result€1,090within the sector's middle half-€7,356within the sector's middle half-€4,552within the sector's middle half▲ 38.1%-€2,978within the sector's middle half▲ 34.6%-€1,856within the sector's middle half▲ 37.7%
Equity€101,253within the sector's middle half▲ 1.1%€93,897within the sector's middle half▼ 7.3%€89,345within the sector's middle half▼ 4.8%€86,367within the sector's middle half▼ 3.3%€84,511within the sector's middle half▼ 2.1%
Total assets€672,565within the sector's middle half▼ 1.1%€675,868within the sector's middle half▲ 0.5%€630,735within the sector's middle half▼ 6.7%€603,502within the sector's middle half▼ 4.3%€578,416within the sector's middle half▼ 4.2%
Debt€571,312▼ 1.5%€581,972▲ 1.9%€541,390▼ 7.0%€517,135▼ 4.5%€493,905▼ 4.5%
Working capital-€25,647within the sector's middle half▲ 45.6%-€55,400within the sector's middle half▼ 116%-€55,043within the sector's middle half▲ 0.6%-€60,354within the sector's middle half
Solvency15.1%within the sector's middle half▲ 0.3pp13.9%within the sector's middle half▼ 1.2pp14.2%within the sector's middle half▲ 0.3pp14.3%within the sector's middle half▲ 0.1pp14.6%within the sector's middle half▲ 0.3pp
Current ratio0.48within the sector's middle half▲ 0.470.27below the sector's middle half▼ 0.210.00below the sector's middle half▼ 0.270.03below the sector's middle half
Return on assets (ROA)0.2%within the sector's middle half▲ 2.4pp-1.1%within the sector's middle half▼ 1.3pp-0.7%within the sector's middle half▲ 0.4pp-0.5%within the sector's middle half▲ 0.2pp-0.3%within the sector's middle half▲ 0.2pp
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.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 41% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €578,416
Fixed assets
€576,326
Current assets
€2,090
Equity and liabilities €578,416
Equity
€84,511 ▼ 2.1%
Debt
€493,905 ▼ 4.5%
Debt's share of the balance-sheet total falls from 85.7% to 85.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44,564▲
2023 · €39,493
Cash flow
€25,320▲
2023 · €24,198
Debt to equity
5.84▼
2023 · 5.99
ROE
-2.2%▲
2023 · -3.4%
Interest coverage
2.32▼
2023 · 2.58
Debt ≤ 1 year
€62,444▲
2023 · €61,520
Debt > 1 year
€431,461▼
2023 · €455,615
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,422 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €30,721 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,979 | €24,351 | €24,351 | €27,176 | €27,176 | = |
| Other operating charges640/8 | - | €4,597 | €5,029 | €4,769 | €5,063 | ▲ 6.2% |
| Gross operating margin9900 | €40,905 | €55,941 | €30,601 | €44,262 | €49,627 | ▲ 12.1% |
| Operating profit (loss)9901 | €2,427 | €26,993 | €1,222 | €12,317 | €17,388 | ▲ 41.2% |
| Financial income75/76B | - | €8,340 | - | - | - | - |
| Recurring financial income75 | - | €8,340 | - | - | - | - |
| Non-recurring financial income76B | - | €8,340 | - | - | - | - |
| Financial charges65/66B | - | €42,542 | €5,773 | €15,295 | €19,244 | ▲ 25.8% |
| Recurring financial charges65 | €1,337 | €42,542 | €5,773 | €15,295 | €19,244 | ▲ 25.8% |
| Profit (loss) for the period before taxes9903 | €1,090 | -€7,210 | -€4,552 | -€2,978 | -€1,856 | ▲ 37.7% |
| Income taxes67/77 | - | €146 | - | - | - | - |
| Profit (loss) for the period9904 | €1,090 | -€7,356 | -€4,552 | -€2,978 | -€1,856 | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €1,090 | -€7,356 | -€4,552 | -€2,978 | -€1,856 | ▲ 37.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €672,565 | €675,868 | €630,735 | €603,502 | €578,416 | ▼ 4.2% |
| Fixed assets21/28 | €648,658 | €655,028 | €630,678 | €603,502 | €576,326 | ▼ 4.5% |
| Tangible fixed assets22/27 | €648,658 | €655,028 | €630,678 | €603,502 | €576,326 | ▼ 4.5% |
| Land and buildings22 | - | €655,028 | €630,678 | €603,502 | €576,326 | ▼ 4.5% |
| Current assets29/58 | €23,906 | €20,840 | €58 | - | €2,090 | - |
| Amounts receivable within one year40/41 | €19,546 | €20,830 | €0 | - | - | - |
| Other amounts receivable41 | - | €20,830 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €4,361 | €10 | €37 | - | €2,090 | - |
| Deferred charges and accrued income490/1 | - | - | €21 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €672,565 | €675,868 | €630,735 | €603,502 | €578,416 | ▼ 4.2% |
| Equity10/15 | €101,253 | €93,897 | €89,345 | €86,367 | €84,511 | ▼ 2.1% |
| Contributions10/11 | - | €183,600 | €183,600 | €183,600 | €183,600 | = |
| Reserves13 | €1,312 | €1,312 | €1,312 | €1,312 | €1,312 | = |
| Non-distributable reserves130/1 | - | €1,312 | €1,312 | €1,312 | €1,312 | = |
| Reserves not available under the articles1311 | - | €1,312 | €1,312 | €1,312 | €1,312 | = |
| Profit (loss) carried forward14 | -€83,660 | -€91,016 | -€95,567 | -€98,545 | -€100,401 | ▼ 1.9% |
| Amounts payable17/49 | €571,312 | €581,972 | €541,390 | €517,135 | €493,905 | ▼ 4.5% |
| Amounts payable after more than one year17 | €521,758 | €505,732 | €482,090 | €455,615 | €431,461 | ▼ 5.3% |
| Financial debts170/4 | - | €497,732 | €474,090 | €447,615 | €423,461 | ▼ 5.4% |
| Other amounts payable178/9 | - | €8,000 | €8,000 | €8,000 | €8,000 | = |
| Amounts payable within one year42/48 | €49,554 | €76,240 | €55,101 | €61,520 | €62,444 | ▲ 1.5% |
| Current portion of amounts payable after more than one year42 | - | €22,805 | €23,642 | €23,299 | €24,155 | ▲ 3.7% |
| Financial debts43 | - | €720 | €25 | - | - | - |
| Credit institutions430/8 | - | €720 | €25 | - | - | - |
| Trade debts44 | €23,545 | €31,504 | €23,726 | €19,253 | €19,322 | ▲ 0.4% |
| Suppliers440/4 | - | €31,504 | €23,726 | €19,253 | €19,322 | ▲ 0.4% |
| Taxes, remuneration and social security45 | - | €146 | €146 | - | - | - |
| Taxes450/3 | - | €146 | €146 | - | - | - |
| Other amounts payable47/48 | - | €21,066 | €7,562 | €18,968 | €18,967 | = |
| Accrued charges and deferred income492/3 | - | - | €4,200 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,090 | -€7,356 | -€4,552 | -€2,978 | -€1,856 | ▲ 37.7% |
| + Depreciation and write-downs630 | €30,979 | €24,351 | €24,351 | €27,176 | €27,176 | = |
| Operating cash flow (approximation) | €32,069 | €16,994 | €19,799 | €24,198 | €25,320 | ▲ 4.6% |
| Investment in fixed assets (approximation) | - | -€30,721 | €0 | -€0 | €0 | ▲ 100% |
| Change in cash | - | -€4,350 | €26 | - | - | - |
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
2026
19-03
State Gazette act
Resignation: Sarah BEN MESSAOUD (director)Appointment: Mounir BEN MESSAOUD (director) · Director discharge · Mandate compensation5 facts ▸
State Gazette act
Resignation: Sarah BEN MESSAOUD (director)
Appointment: Mounir BEN MESSAOUD (director) · Director discharge · Mandate compensation5 facts ▸
- General meeting, 10/03/2026
- Director resignation, Sarah BEN MESSAOUD (director)
- Director discharge, Sarah BEN MESSAOUD
- Director appointment, Mounir BEN MESSAOUD (director)
- Mandate compensation, Mounir BEN MESSAOUD
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 411 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €1,090
Net result €1,090 after 2 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 128 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Mounir BEN MESSAOUD
CurrentDirector · since 01-01-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2010
Ground area
5,948 m²
Building footprint
439 m²
Volume, LiDAR
3,224 m³
2 parcels, Brussels, Wallonia · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rue Fonds des Chevaux 15, 1301 Wavre
since 20102.187.822.528
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0313/00R000 | Wallonia | 5,751 m² | 1 · 352 m² | 9.8 m · 2 fl. |
| 21017D0176/00R005 | Brussels | 198 m² | 1 · 86 m² | 15.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mounir BEN MESSAOUD |
|
| Sarah BEN MESSAOUD |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,640 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)
Founded21-12-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
mekari.r@gmail.comWavre
Phone
0475/438686Wavre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0821635233
Also
9925:BE0821635233
Registered
25-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.