NS IMMO
ActiveSummary
NS IMMO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €5k. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-18
Solvency55▲+8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.03 in 2024; short-term debt: 46.2% and cash: 4.2% of total assets), and 70% of the assets are financed with debt.
Credit check for your own amount and term
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 →
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
30%
Return on assets
1.8%
Age of the figures
9 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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
48 d late
2023
119 d late
2022
33 d early
2021
23 d early
2020
24 d early
2019
196 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 6.5%
2024 · €73k
2018: €-51klowest in 8 years
2019: €-18k▲ +64.5% vs 2018
2020: €46k▲ +356% vs 2019
2021: €52k▲ +13.7% vs 2020
2022: €25k▼ -52.4% vs 2021
2023: €42k▲ +69.4% vs 2022
2024: €73k▲ +71.8% vs 2023
2025: €77k▲ +6.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€257k▼ 22.6%
2024 · €333k
2018: €431k
2019: €419k▼ -2.7% vs 2018
2020: €480k▲ +14.5% vs 2019highest in 8 years
2021: €443k▼ -7.6% vs 2020
2022: €377k▼ -15.0% vs 2021
2023: €419k▲ +11.1% vs 2022
2024: €333k▼ -20.6% vs 2023
2025: €257k▼ -22.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€5k▼ 84.3%
2024 · €30k
2018: €5k
2019: €33k▲ +587% vs 2018
2020: €64k▲ +95.8% vs 2019highest in 8 years
2021: €6k▼ -90.2% vs 2020
2022: €-27k▼ -535% vs 2021lowest in 8 years
2023: €17k▲ +163% vs 2022
2024: €30k▲ +75.3% vs 2023
2025: €5k▼ -84.3% vs 2024
2018 → 2025
Working capital
€9k▲ 49.4%
2024 · €6k
2018: €-100klowest in 8 years
2019: €-89k▲ +11.0% vs 2018
2020: €-47k▲ +46.8% vs 2019
2021: €-50k▼ -5.2% vs 2020
2022: €-81k▼ -61.5% vs 2021
2023: €-62k▲ +22.6% vs 2022
2024: €6k▲ +110% vs 2023
2025: €9k▲ +49.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€25k▼ 52.4%€42k▲ 69.4%€73k▲ 71.8%€77k▲ 6.5%
2021: €52k
2022: €25k▼ -52.4% vs 2021lowest in 5 years
2023: €42k▲ +69.4% vs 2022
2024: €73k▲ +71.8% vs 2023
2025: €77k▲ +6.5% vs 2024highest in 5 years
Operating result€14k-€-12k€29k€44k▲ 52.4%€17k▼ 61.6%
2021: €14k
2022: €-12k▼ -185% vs 2021lowest in 5 years
2023: €29k▲ +345% vs 2022
2024: €44k▲ +52.4% vs 2023highest in 5 years
2025: €17k▼ -61.6% vs 2024
Net result€6k-€-27k€17k€30k▲ 75.3%€5k▼ 84.3%
2021: €6k
2022: €-27k▼ -535% vs 2021lowest in 5 years
2023: €17k▲ +163% vs 2022
2024: €30k▲ +75.3% vs 2023highest in 5 years
2025: €5k▼ -84.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €257k
Fixed assets
€130k ▼ 5.9%
Current assets
€128k ▼ 34.3%
Equity and liabilities €257k
Equity
€77k ▲ 6.5%
Debt
€180k ▼ 30.7%
Debt's share of the balance-sheet total falls from 78.2% to 70.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▼
2024 · €55k
Cash flow
€13k▼
2024 · €41k
Current ratio
1.08▲
2024 · 1.03
Debt to equity
2.33▼
2024 · 3.58
ROE
6.1%▼
2024 · 41.8%
ROA
1.8%▼
2024 · 9.1%
Interest coverage
4.93▼
2024 · 7.36
Debt ≤ 1 year
€119k▼
2024 · €189k
Debt > 1 year
€61k▼
2024 · €71k
Income taxes
€7k▲
2024 · €3k
Staff costs
€29k▼
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€333k€257k▼
Fixed assets21/28€138k€130k▼
Tangible fixed assets22/27€138k€129k▼
Land and buildings22€126k€122k▼
Plant, machinery and equipment23€9k€7k▼
Furniture and vehicles24€2k-
Financial fixed assets28€230€230=
Current assets29/58€195k€128k▼
Amounts receivable within one year40/41€146k€117k▼
Trade receivables40€131k€109k▼
Other amounts receivable41€15k€8k▼
Cash at bank and in hand54/58€49k€11k▼
Equity and liabilities
Total equity and liabilities10/49€333k€257k▼
Equity10/15€73k€77k▲
Contributions10/11€19k€19k=
Reserves13€54k€59k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€52k€57k▲
Amounts payable17/49€260k€180k▼
Amounts payable after more than one year17€71k€61k▼
Financial debts170/4€71k€61k▼
Amounts payable within one year42/48€189k€119k▼
Current portion of amounts payable after more than one year42€16k€16k=
Trade debts44€21k€11k▼
Suppliers440/4€21k€11k▼
Advances received on contracts in progress46€93k€52k▼
Taxes, remuneration and social security45€34k€18k▼
Taxes450/3€15k€6k▼
Remuneration and social security454/9€19k€12k▼
Other amounts payable47/48€25k€21k▼
Income statement
Code20242025
Non-recurring operating income76A€23k€20k▼
Remuneration, social security and pensions62€54k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Other operating charges640/8€14k€20k▲
Non-recurring operating charges66A€322€234▼
Gross operating margin9900€123k€74k▼
Operating profit (loss)9901€44k€17k▼
Financial income75/76B€3€0▼
Recurring financial income75€3€0▼
Financial charges65/66B€10k€5k▼
Recurring financial charges65€7k€5k▼
Non-recurring financial charges66B€3k-
Profit (loss) for the period before taxes9903€34k€12k▼
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€30k€5k▼
Profit (loss) for the period to be appropriated9905€30k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€5k▼
Transfer to equity691/2€30k€5k▼
To other reserves6921€30k€5k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4k | €9k | - | €23k | €20k | ▼ 11.3% |
| Remuneration, social security and pensions62 | €27k | €72k | €71k | €54k | €29k | ▼ 46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €18k | €18k | €11k | €8k | ▼ 22.7% |
| Other operating charges640/8 | €11k | €10k | €10k | €14k | €20k | ▲ 40.8% |
| Non-recurring operating charges66A | €651 | €4k | €2k | €322 | €234 | ▼ 27.2% |
| Gross operating margin9900 | €67k | €92k | €130k | €123k | €74k | ▼ 40.0% |
| Operating profit (loss)9901 | €14k | €-12k | €29k | €44k | €17k | ▼ 61.6% |
| Financial income75/76B | €556 | €761 | - | €3 | €0 | ▼ 96.0% |
| Recurring financial income75 | €556 | €761 | - | €3 | €0 | ▼ 96.0% |
| Financial charges65/66B | €8k | €13k | €11k | €10k | €5k | ▼ 50.9% |
| Recurring financial charges65 | €8k | €13k | €11k | €7k | €5k | ▼ 31.3% |
| Non-recurring financial charges66B | - | - | - | €3k | - | - |
| Profit (loss) for the period before taxes9903 | €6k | €-24k | €17k | €34k | €12k | ▼ 64.9% |
| Income taxes67/77 | €-197 | €3k | €155 | €3k | €7k | ▲ 116% |
| Profit (loss) for the period9904 | €6k | €-27k | €17k | €30k | €5k | ▼ 84.3% |
| Profit (loss) for the period to be appropriated9905 | €6k | €-27k | €17k | €30k | €5k | ▼ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €443k | €377k | €419k | €333k | €257k | ▼ 22.6% |
| Fixed assets21/28 | €294k | €281k | €263k | €138k | €130k | ▼ 5.9% |
| Tangible fixed assets22/27 | €294k | €281k | €262k | €138k | €129k | ▼ 5.9% |
| Land and buildings22 | €256k | €249k | €242k | €126k | €122k | ▼ 3.1% |
| Plant, machinery and equipment23 | €22k | €16k | €11k | €9k | €7k | ▼ 22.3% |
| Furniture and vehicles24 | €16k | €16k | €10k | €2k | - | - |
| Financial fixed assets28 | €230 | €230 | €230 | €230 | €230 | = |
| Current assets29/58 | €149k | €96k | €156k | €195k | €128k | ▼ 34.3% |
| Amounts receivable within one year40/41 | €86k | €64k | €120k | €146k | €117k | ▼ 19.8% |
| Trade receivables40 | €63k | €46k | €118k | €131k | €109k | ▼ 17.0% |
| Other amounts receivable41 | €23k | €18k | €2k | €15k | €8k | ▼ 44.9% |
| Cash at bank and in hand54/58 | €63k | €31k | €36k | €49k | €11k | ▼ 77.8% |
| Deferred charges and accrued income490/1 | - | €857 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €443k | €377k | €419k | €333k | €257k | ▼ 22.6% |
| Equity10/15 | €52k | €25k | €42k | €73k | €77k | ▲ 6.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €34k | €6k | €24k | €54k | €59k | ▲ 8.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €32k | €4k | €22k | €52k | €57k | ▲ 9.1% |
| Amounts payable17/49 | €391k | €352k | €376k | €260k | €180k | ▼ 30.7% |
| Amounts payable after more than one year17 | €192k | €175k | €158k | €71k | €61k | ▼ 14.0% |
| Financial debts170/4 | €192k | €175k | €158k | €71k | €61k | ▼ 14.0% |
| Amounts payable within one year42/48 | €199k | €177k | €219k | €189k | €119k | ▼ 37.0% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €27k | €16k | €16k | = |
| Trade debts44 | €10k | €10k | €23k | €21k | €11k | ▼ 48.3% |
| Suppliers440/4 | €10k | €10k | €23k | €21k | €11k | ▼ 48.3% |
| Advances received on contracts in progress46 | €87k | €43k | €77k | €93k | €52k | ▼ 43.8% |
| Taxes, remuneration and social security45 | €63k | €71k | €59k | €34k | €18k | ▼ 45.9% |
| Taxes450/3 | €40k | €38k | €25k | €15k | €6k | ▼ 57.7% |
| Remuneration and social security454/9 | €23k | €33k | €34k | €19k | €12k | ▼ 36.8% |
| Other amounts payable47/48 | €12k | €26k | €32k | €25k | €21k | ▼ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €-27k | €17k | €30k | €5k | ▼ 84.3% |
| + Depreciation and write-downs630 | €14k | €18k | €18k | €11k | €8k | ▼ 22.7% |
| Operating cash flow (approximation) | €20k | €-10k | €35k | €41k | €13k | ▼ 68.4% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €114k | €0 | ▼ 100% |
| Change in cash | - | €-32k | €4k | €13k | €-38k | ▼ 391% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 196 days late
2020
31-12
Financial
Highest result since 2018net €64k ▲95.8%
Operating result €90k, net result €64k, both a record.
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 97 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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.
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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, Sint-Agatha-Berchem · 1 establishment unit since 2013
Ground area
105 m²
Building footprint
104 m²
Volume, LiDAR
1,388 m³
Parcel 21342B0097/00V000, Brussels · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CENTURY 21 Invest
since 20132.216.037.551
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0097/00V000 | Brussels | 105 m² | 1 · 104 m² | 19.6 m · 5 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.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,113 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
Founded30-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Scores and ratios are computed by Checked and are not a credit decision.