P-Immo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-06-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €2,474, larger than the loss of €1,513 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €1.3m | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €384 | €387 | €1,143 | ▲ 195% |
| Gross operating margin9900 | -€1,658 | -€1,125 | -€1,331 | ▼ 18.3% |
| Operating profit (loss)9901 | -€2,043 | -€1,513 | -€2,474 | ▼ 63.5% |
| Financial charges65/66B | €10 | €24 | €31 | ▲ 31.1% |
| Recurring financial charges65 | €10 | €24 | €31 | ▲ 31.1% |
| Profit (loss) for the period before taxes9903 | -€2,053 | -€1,537 | -€2,505 | ▼ 63.0% |
| Profit (loss) for the period9904 | -€2,053 | -€1,537 | -€2,505 | ▼ 63.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,053 | -€1,537 | -€2,505 | ▼ 63.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.3m | €1.3m | €1.3m | ▼ 0.1% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.3m | = |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.3m | = |
| Land and buildings22 | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.001m | €0.002m | €0.001m | ▼ 51.3% |
| Cash at bank and in hand54/58 | €0.001m | €0.002m | €0.001m | ▼ 51.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.3m | ▼ 0.1% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | ▼ 0.2% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | -€0.002m | -€0.004m | -€0.006m | ▼ 69.8% |
| Amounts payable17/49 | €0.02m | €0.02m | €0.03m | ▲ 5.5% |
| Amounts payable within one year42/48 | €0.02m | €0.02m | €0.03m | ▲ 5.5% |
| Trade debts44 | €384 | - | - | - |
| Suppliers440/4 | €384 | - | - | - |
| Other amounts payable47/48 | €0.02m | €0.02m | €0.03m | ▲ 5.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,053 | -€1,537 | -€2,505 | ▼ 63.0% |
| Operating cash flow (approximation) | -€2,053 | -€1,537 | -€2,505 | ▼ 63.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €1,260 | -€1,154 | - |
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, 480 companies had the same profile as P-Immo has now. Two years later, 95.8% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of P-Immo itself: 0.5% 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 480 companies, not a prediction for P-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.