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PARTNERIMMO

Active
Private limited companyfounded 2008active for 17 yearsQuai Churchill 23, 4020 Liège, BelgiumKBO/BCE: BE 0807.364.454
Summary

PARTNERIMMO has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €260,639 and a net result of €21,110. Equity is growing by about 7.8% per year across the filed financial years. Its solvency ranks better than 80% of 16,873 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (39 days) Filed on 8 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00508563.

Equity
€260,639▲ 8.8%
2024 · €239,529
Total assets
€369,255▲ 18.9%
2024 · €310,543
Net result
€21,110▼ 22.6%
2024 · €27,276
Working capital
€241,860▲ 12.8%
2024 · €214,415
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 29% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€20,827 2025 Net result€21,110 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€110,064-€11,255▼ 89.8%€36,449▲ 224%€74,515▲ 104%€67,271▼ 9.7%€2,317▼ 96.6%€29,465▲ 1,172%€20,827▼ 29.3%
Net result€70,436-€5,903▼ 91.6%€24,894within the sector's middle half▲ 322%€50,477above the sector's middle half▲ 103%€45,366above the sector's middle half▼ 10.1%€7,176within the sector's middle half▼ 84.2%€27,276within the sector's middle half▲ 280%€21,110within the sector's middle half▼ 22.6%
Equity€153,037-€158,940▲ 3.9%€183,034within the sector's middle half▲ 15.2%€200,011within the sector's middle half▲ 9.3%€205,077within the sector's middle half▲ 2.5%€212,253within the sector's middle half▲ 3.5%€239,529within the sector's middle half▲ 12.9%€260,639within the sector's middle half▲ 8.8%
Total assets€172,598-€170,695▼ 1.1%€197,359within the sector's middle half▲ 15.6%€258,747within the sector's middle half▲ 31.1%€450,799within the sector's middle half▲ 74.2%€322,112within the sector's middle half▼ 28.5%€310,543within the sector's middle half▼ 3.6%€369,255within the sector's middle half▲ 18.9%
Debt€19,561-€11,756▼ 39.9%€14,324▲ 21.9%€58,737▲ 310%€245,722▲ 318%€109,860▼ 55.3%€71,014▼ 35.4%€108,616▲ 53.0%
Working capital€141,526-€146,299▲ 3.4%€176,488above the sector's middle half▲ 20.6%€195,062above the sector's middle half▲ 10.5%€170,061above the sector's middle half▼ 12.8%€187,582above the sector's middle half▲ 10.3%€214,415above the sector's middle half▲ 14.3%€241,860above the sector's middle half▲ 12.8%
Solvency88.7%-93.1%▲ 4.4pp92.7%above the sector's middle half▼ 0.4pp77.3%above the sector's middle half▼ 15.4pp45.5%within the sector's middle half▼ 31.8pp65.9%above the sector's middle half▲ 20.4pp77.1%above the sector's middle half▲ 11.2pp70.6%above the sector's middle half▼ 6.5pp
Current ratio8.23-13.45▲ 5.2113.32above the sector's middle half▼ 0.124.32above the sector's middle half▼ 9.001.73within the sector's middle half▼ 2.602.90above the sector's middle half▲ 1.184.12above the sector's middle half▲ 1.223.23above the sector's middle half▼ 0.90
Return on assets (ROA)40.8%-3.5%▼ 37.4pp12.6%above the sector's middle half▲ 9.2pp19.5%above the sector's middle half▲ 6.9pp10.1%above the sector's middle half▼ 9.4pp2.2%within the sector's middle half▼ 7.8pp8.8%above the sector's middle half▲ 6.6pp5.7%within the sector's middle half▼ 3.1pp
Staff (FTE)1-11=0.8
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369,255
Fixed assets €18,779 ▼ 31.7%
Current assets €350,476 ▲ 23.8%
Equity and liabilities €369,255
Equity €260,639 ▲ 8.8%
Debt €108,616 ▲ 53.0%
Debt's share of the balance-sheet total rises from 22.9% to 29.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€29,802▼
2024 · €38,413
Cash flow
€30,085▼
2024 · €36,224
Debt to equity
0.42▲
2024 · 0.30
ROE
8.1%▼
2024 · 11.4%
Interest coverage
12.84▼
2024 · 29.27
Debt ≤ 1 year
€108,616▲
2024 · €68,634
Debt > 1 year
€0▼
2024 · €2,355
Income taxes
€10,224▼
2024 · €13,747
Staff costs
€9,342▼
2024 · €15,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,695 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€310,543€369,255▲
Fixed assets21/28€27,494€18,779▼
Tangible fixed assets22/27€26,741€17,766▼
Plant, machinery and equipment23€1,524€1,328▼
Furniture and vehicles24€25,218€16,437▼
Financial fixed assets28€753€1,013▲
Current assets29/58€283,048€350,476▲
Amounts receivable within one year40/41€231,572€254,386▲
Trade receivables40€1,340€10,878▲
Other amounts receivable41€230,232€243,508▲
Cash at bank and in hand54/58€50,449€94,904▲
Deferred charges and accrued income490/1€1,027€1,186▲
Equity and liabilities
Total equity and liabilities10/49€310,543€369,255▲
Equity10/15€239,529€260,639▲
Contributions10/11€6,200€6,200=
Reserves13€233,329€254,439▲
Distributable reserves133€233,329€254,439▲
Amounts payable17/49€71,014€108,616▲
Amounts payable after more than one year17€2,355€0▼
Financial debts170/4€2,355€0▼
Amounts payable within one year42/48€68,634€108,616▲
Current portion of amounts payable after more than one year42€8,870€2,355▼
Financial debts43€0€40,000▲
Credit institutions430/8€0€40,000▲
Trade debts44€3,261€9,719▲
Suppliers440/4€3,261€9,719▲
Advances received on contracts in progress46€47,950€48,720▲
Taxes, remuneration and social security45€8,552€7,822▼
Taxes450/3€8,237€6,637▼
Remuneration and social security454/9€315€1,185▲
Accrued charges and deferred income492/3€25€0▼
Income statement Code20242025
Remuneration, social security and pensions62€15,057€9,342▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,948€8,976▲
Other operating charges640/8€1,301€890▼
Gross operating margin9900€54,771€40,033▼
Operating profit (loss)9901€29,465€20,827▼
Financial income75/76B€12,871€12,829▼
Recurring financial income75€12,871€12,829▼
Financial charges65/66B€1,312€2,322▲
Recurring financial charges65€1,312€2,322▲
Profit (loss) for the period before taxes9903€41,023€31,334▼
Income taxes67/77€13,747€10,224▼
Profit (loss) for the period9904€27,276€21,110▼
Profit (loss) for the period to be appropriated9905€27,276€21,110▼
Appropriation of the result
Profit (loss) to be appropriated9906€27,276€21,110▼
Transfer to equity691/2€27,276€21,110▼
To other reserves6921€27,276€21,110▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€12,267€10,118€14,629€15,057€9,342▼ 38.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,857€7,574€7,762€2,526€3,223€10,847€8,948€8,976▲ 0.3%
Other operating charges640/8---€880€858€1,358€1,301€890▼ 31.6%
Non-recurring operating charges66A---€116-----
Gross operating margin9900€118,361€28,795€55,678€90,304€81,470€29,151€54,771€40,033▼ 26.9%
Operating profit (loss)9901€110,064€11,255€36,449€74,515€67,271€2,317€29,465€20,827▼ 29.3%
Financial income75/76B----€1€9,603€12,871€12,829▼ 0.3%
Recurring financial income75----€1€9,603€12,871€12,829▼ 0.3%
Financial charges65/66B---€214€404€857€1,312€2,322▲ 77.0%
Recurring financial charges65€359€207€179€214€404€857€1,312€2,322▲ 77.0%
Profit (loss) for the period before taxes9903€109,705€11,048€36,270€74,301€66,868€11,062€41,023€31,334▼ 23.6%
Income taxes67/77€39,269€5,145€11,376€23,824€21,502€3,886€13,747€10,224▼ 25.6%
Profit (loss) for the period9904€70,436€5,903€24,894€50,477€45,366€7,176€27,276€21,110▼ 22.6%
Profit (loss) for the period to be appropriated9905€70,436€5,903€24,894€50,477€45,366€7,176€27,276€21,110▼ 22.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€172,598€170,695€197,359€258,747€450,799€322,112€310,543€369,255▲ 18.9%
Fixed assets21/28€11,510€12,641€6,546€4,948€46,448€35,920€27,494€18,779▼ 31.7%
Intangible fixed assets21-€5,950€4,463€2,975€1,488€0---
Tangible fixed assets22/27€11,329€6,510€2,083€1,045€44,032€35,167€26,741€17,766▼ 33.6%
Plant, machinery and equipment23----€1,915€1,719€1,524€1,328▼ 12.8%
Furniture and vehicles24---€1,045€42,117€33,448€25,218€16,437▼ 34.8%
Financial fixed assets28€182€182-€929€929€753€753€1,013▲ 34.5%
Current assets29/58€161,088€158,054€190,813€253,799€404,351€286,192€283,048€350,476▲ 23.8%
Amounts receivable within one year40/41€118,823€148,868€177,196€172,434€277,184€210,969€231,572€254,386▲ 9.9%
Trade receivables40---€647€10,550€15,572€1,340€10,878▲ 712%
Other amounts receivable41---€171,786€266,634€195,397€230,232€243,508▲ 5.8%
Cash at bank and in hand54/58€42,265€8,921€12,462€79,974€125,138€74,200€50,449€94,904▲ 88.1%
Deferred charges and accrued income490/1---€1,392€2,029€1,023€1,027€1,186▲ 15.5%
Equity and liabilities
Total equity and liabilities10/49€172,598€170,695€197,359€258,747€450,799€322,112€310,543€369,255▲ 18.9%
Equity10/15€153,037€158,940€183,034€200,011€205,077€212,253€239,529€260,639▲ 8.8%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€144,910€150,810€174,810€191,310€198,877€206,053€233,329€254,439▲ 9.0%
Non-distributable reserves130/1---€1,860€1,860€0---
Reserves not available under the articles1311---€1,860€1,860€0---
Distributable reserves133---€189,450€197,017€206,053€233,329€254,439▲ 9.0%
Profit (loss) carried forward14€1,927€1,930€2,024€2,501-€0---
Amounts payable17/49€19,561€11,756€14,324€58,737€245,722€109,860€71,014€108,616▲ 53.0%
Amounts payable after more than one year17----€11,432€11,225€2,355€0▼ 100%
Financial debts170/4----€11,432€11,225€2,355€0▼ 100%
Amounts payable within one year42/48€19,561€11,756€14,324€58,737€234,290€98,610€68,634€108,616▲ 58.3%
Current portion of amounts payable after more than one year42----€5,905€9,169€8,870€2,355▼ 73.5%
Financial debts43-----€3,043€0€40,000-
Credit institutions430/8-----€3,043€0€40,000-
Trade debts44€2,163€1,737€5,882€51,877€176,289€4,812€3,261€9,719▲ 198%
Suppliers440/4---€51,877€176,289€4,812€3,261€9,719▲ 198%
Advances received on contracts in progress46-----€74,200€47,950€48,720▲ 1.6%
Taxes, remuneration and social security45---€6,859€11,796€7,386€8,552€7,822▼ 8.5%
Taxes450/3---€6,078€10,126€5,574€8,237€6,637▼ 19.4%
Remuneration and social security454/9---€782€1,670€1,812€315€1,185▲ 277%
Other amounts payable47/48----€40,300----
Accrued charges and deferred income492/3-----€24€25€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€70,436€5,903€24,894€50,477€45,366€7,176€27,276€21,110▼ 22.6%
+ Depreciation and write-downs630€5,857€7,574€7,762€2,526€3,223€10,847€8,948€8,976▲ 0.3%
Operating cash flow (approximation)€76,293€13,477€32,656€53,003€48,589€18,023€36,224€30,085▼ 16.9%
Investment in fixed assets (approximation)--€8,705-€1,666-€929-€44,723-€319-€522-€260▲ 50.2%
Change in cash--€33,344€3,542€67,511€45,164-€50,938-€23,751€44,455-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 17 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 08-09-2026 2026-00508563
31-12-2024 micro format 25-08-2025 2025-00415420
31-12-2023 micro format 30-08-2024 2024-00440106
31-12-2022 micro format 04-07-2023 2023-00196280
31-12-2021 micro format 31-08-2022 2022-20371929
31-12-2020 micro format 18-08-2021 2021-50500014
31-12-2019 micro format 05-08-2020 2020-39400106
31-12-2018 micro format 14-08-2019 2019-46900020
31-12-2017 micro format 23-08-2018 2018-48600445
31-12-2016 micro format 02-08-2017 2017-40900151

Show all 17 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.