Equity
-€86,811
Debts exceed assets in financial year 2025.
ORMANDO IMMO
Lifetime
16 annual accounts with figures on one time axispeak €499,565 (2021)
-€15,681▼ €186,884
lowest -€139,031 (2018)
-€27,162▼ €19,787
peak €475,750 (2015)
-€86,811▼ €32,082
€763,887▼ 32.6%
Board1 name since 2018
1 directorSergio Ormando
Documentsfilings and deeds
05-02-20265 days late
2025financial year
Gross margin from €171,203 to -€15,681Loss of €27,162Equity from -€54,729 to -€86,811Debts from €1.1m to €763,887Cash from €98,346 to €8,402
Key points
from the 2025 annual accountsLosses
-€69,105 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€763,887 113% of the balance sheet
Suppliers 17%Taxes and wages 0%Other 83%
Of this, €132,763 falls due within a year.
Liquidity
4.87 was 3.14 in 2024
Short-term debts fell from €382,072 to €132,763.
Filings
16 annual accounts since 2010
Eight of the last ten came late. The 2024 accounts came latest: 278 days after the end of the period.
Position in the sector
-12.8%
Lower solvency than 91% of companies in real estate. Sector median 38.2% · 5,812 companies.
Checked score
53
Fair
Financially stronger than 20% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.8%
01-2025: 5.6%▲ +0.8 percentage points vs 12-2024
02-2025: 6.9%▲ +1.3 percentage points vs 01-2025
03-2025: 7.8%▲ +0.9 percentage points vs 02-2025
04-2025: 9.6%▲ +1.8 percentage points vs 03-2025
05-2025: 10.4%▲ +0.8 percentage points vs 04-2025
06-2025: 12.0%▲ +1.6 percentage points vs 05-2025
07-2025: 17.1%▲ +5.1 percentage points vs 06-2025
08-2025: 17.1%● unchanged vs 07-2025
09-2025: 17.2%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 4.6%▼ -12.6 percentage points vs 09-2025
11-2025: 4.9%▲ +0.3 percentage points vs 10-2025
12-2025: 5.0%▲ +0.1 percentage points vs 11-2025
01-2026: 5.5%▲ +0.5 percentage points vs 12-2025
02-2026: 6.8%▲ +1.3 percentage points vs 01-2026
03-2026: 1.7%▼ -5.1 percentage points vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.7%● unchanged vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026lowest value
08-2026: 1.8%▲ +0.1 percentage points vs 07-2026
09-2026: 1.7%▼ -0.1 percentage points vs 08-2026
10-2026: 1.9%▲ +0.2 percentage points vs 09-2026
11-2026: 1.8%▼ -0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Judicial reorganisation on record (6 publications, latest 04-08-2020)
Negative equity -€86,811
Last filed accounts filed 6 days late; 1 of the last 3 accounts late
lowers risk
Size: total assets €677,076
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 12% of them on solvency, 40% on liquidity, 16% on profitability and 10% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,216 companies had the same profile as ORMANDO IMMO has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ORMANDO IMMO itself is higher: 1.8% within 12 months. It rests on far more data about ORMANDO IMMO than the profile alone.
Test of the method
The method was tested on the 497,448 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 1,216 companies, not a prediction for ORMANDO 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.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 4.87 (3.14 in 2024), above the usual 1.5. Short-term debt is 19.6% and cash 1.2% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€86,811
raises risk · 2025 accounts filed 5 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-02-2026, 5 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
5 days late
2024
278 days late
2023
on the day
2022
16 days late
2021
193 days late
2020
87 days early
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 63 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)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 February (4 of the last 5 accounts filed within 177 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0897334528
Plan homologation
Enterprise Court of Hainaut · judgment of 28-07-2020 · Judicial reorganisation
Extension
Enterprise Court of Hainaut · collective agreement · judgment of 20-04-2020 · Judicial reorganisation
Extension
Enterprise Court of Hainaut · collective agreement · judgment of 13-01-2020 · Judicial reorganisation
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ORMANDO IMMO Boussu | €677,076 | -€15,681 | -12.8% | - |
| Le Château de Honnay Aiseau-Presles | €647,712 | -€18,994 | 98.2% | - |
| FAPI Blegny | €617,036 | -€7,275 | 52.8% | - |
| W(2)IDE Kortrijk | €828,050 | -€27,801 | 15.9% | 0 |
| NSE Ingelmunster | €850,578 | -€8,307 | -20.3% | - |
| DUBAI INVESTMENTS Brussels | €661,452 | -€21,748 | -95.7% | - |
| ROCHIMMO Rochefort | €684,196 | -€33,202 | 38.2% | - |
These companies have the same main activity as ORMANDO IMMO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €617,000 and €851,000, founded between 2004 and 2011.
Official details
Source: KBO- Status
- Active since 10-04-2008Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.365.041.3307300 Boussu, since 17-04-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 13-04-2026
Insights on ORMANDO IMMO
ORMANDO IMMO has existed since 2008. The gross margin fell from €499,565 in 2021 to €53,516 in 2022.
Solvency fell in 2025 from -4.5% to -12.8% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ORMANDO IMMO
- What is the company number of ORMANDO IMMO?
- The company number of ORMANDO IMMO is 0897.334.528. The VAT number is the same number with BE in front: BE 0897.334.528.
- Where is ORMANDO IMMO based?
- The registered office is at Rue de Dour (B-C) 194, 7300 Boussu.Company details
- What does ORMANDO IMMO do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of ORMANDO IMMO?
- ORMANDO IMMO is a private limited company (pre-2019) (BVBA).
- When was ORMANDO IMMO founded?
- ORMANDO IMMO was founded on 10-04-2008.
- Is ORMANDO IMMO still active?
- Yes, ORMANDO IMMO is an active enterprise in the KBO register.
- What is the turnover of ORMANDO IMMO?
- The annual accounts for financial year 2025 state no turnover.Financials
- Is ORMANDO IMMO profitable?
- In financial year 2025, ORMANDO IMMO made a loss of €27,162.
- Where can I find the annual accounts of ORMANDO IMMO?
- ORMANDO IMMO filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ORMANDO IMMO due?
- ORMANDO IMMO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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