NTC IMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-04-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is 62% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2024 | 30-09-2025 |
|---|---|---|
| Tangible fixed assets | €623,914 | - |
| Depreciation and write-downs of the year | €113,118 | €27,375 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €113,118 | €27,375 | ▼ 75.8% |
| Other operating charges640/8 | €1,391 | €4,479 | ▲ 222% |
| Gross operating margin9900 | €138,035 | €40,911 | ▼ 70.4% |
| Operating profit (loss)9901 | €23,526 | €9,058 | ▼ 61.5% |
| Financial charges65/66B | €28,398 | €22,842 | ▼ 19.6% |
| Recurring financial charges65 | €28,398 | €22,842 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | -€4,872 | -€13,785 | ▼ 183% |
| Profit (loss) for the period9904 | -€4,872 | -€13,785 | ▼ 183% |
| Profit (loss) for the period to be appropriated9905 | -€4,872 | -€13,785 | ▼ 183% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €569,471 | €541,821 | ▼ 4.9% |
| Fixed assets21/28 | €512,346 | €484,971 | ▼ 5.3% |
| Tangible fixed assets22/27 | €512,346 | €484,971 | ▼ 5.3% |
| Land and buildings22 | €512,346 | €484,971 | ▼ 5.3% |
| Current assets29/58 | €57,125 | €56,850 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €56,701 | €55,849 | ▼ 1.5% |
| Other amounts receivable41 | €56,701 | €55,849 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €32 | €585 | ▲ 18× |
| Deferred charges and accrued income490/1 | €391 | €416 | ▲ 6.3% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €569,471 | €541,821 | ▼ 4.9% |
| Equity10/15 | €5,128 | -€8,656 | - |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€4,872 | -€18,656 | ▼ 283% |
| Amounts payable17/49 | €564,343 | €550,478 | ▼ 2.5% |
| Amounts payable after more than one year17 | €506,458 | €486,921 | ▼ 3.9% |
| Financial debts170/4 | €506,458 | €486,921 | ▼ 3.9% |
| Amounts payable within one year42/48 | €57,885 | €63,557 | ▲ 9.8% |
| Current portion of amounts payable after more than one year42 | €20,250 | €21,128 | ▲ 4.3% |
| Financial debts43 | €372 | €454 | ▲ 21.9% |
| Credit institutions430/8 | €372 | €454 | ▲ 21.9% |
| Trade debts44 | €763 | €1,054 | ▲ 38.2% |
| Suppliers440/4 | €763 | €1,054 | ▲ 38.2% |
| Other amounts payable47/48 | €36,500 | €40,922 | ▲ 12.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€4,872 | -€13,785 | ▼ 183% |
| + Depreciation and write-downs630 | €113,118 | €27,375 | ▼ 75.8% |
| Operating cash flow (approximation) | €108,246 | €13,590 | ▼ 87.4% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €553 | - |
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, 1,251 companies had the same profile as NTC IMMO has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NTC IMMO 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 1,251 companies, not a prediction for NTC IMMO. 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.