PROMOVAL
ActivePROMOVAL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €531k and a net result of €-8k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability36▼-64
Solvency62▼-36
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 3.61 in 2023; short-term debt: 62.2% and cash: 0% of total assets), but 62.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
37.4%
Return on assets
-0.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
25 d late
2022
20 d early
2021
17 d early
2020
29 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€531k▼ 25.6%
2023 · €715k
2018: €840k
2019: €877k
2020: €922k
2021: €869k
2022: €919k
2023: €715k
2018 → 2024
Total assets
€1.42M▲ 44.3%
2023 · €985k
2018: €1.96M
2019: €1.49M
2020: €1.81M
2021: €1.59M
2022: €1.34M
2023: €985k
2018 → 2024
Net result
€-8k
2023 · €296k
2018: €46k
2019: €37k
2020: €45k
2021: €147k
2022: €50k
2023: €296k
2018 → 2024
Working capital
€537k▼ 23.5%
2023 · €703k
2018: €827k
2019: €864k
2020: €909k
2021: €856k
2022: €905k
2023: €703k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€922k-€869k▼ 5.8%€919k▲ 5.7%€715k▼ 22.2%€531k▼ 25.6%
Operating result€72k-€210k▲ 193%€64k▼ 69.4%€427k▲ 564%€12k▼ 97.2%
Net result€45k-€147k▲ 229%€50k▼ 66.0%€296k▲ 493%€-8k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 97% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.42M
Equity
€531k▼ 25.6%
Debt
€890k▲ 229%
The debt ratio rises from 27.5% to 62.6%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
37.4%▼
2023 · 72.5%
Current ratio
1.61▼
2023 · 3.61
Quick ratio
0.00▼
2023 · 1.20
Debt / equity
1.67▲
2023 · 0.38
ROE
-1.5%▼
2023 · 41.4%
ROA
-0.6%▼
2023 · 30.0%
Debt
€890k▲
2023 · €271k
Debt ≤ 1 year
€884k▲
2023 · €269k
Income taxes
€2k▼
2023 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€985k€1.42M▲
Fixed assets21/28€13k-
Financial fixed assets28€13k-
Current assets29/58€972k€1.42M▲
Stocks and contracts in progress3€650k€1.42M▲
Stocks30/36€650k€1.42M▲
Amounts receivable within one year40/41€207k€0▼
Other amounts receivable41€207k€0▼
Cash at bank and in hand54/58€41k€209▼
Deferred charges and accrued income490/1€74k-
Equity and liabilities
Total equity and liabilities10/49€985k€1.42M▲
Equity10/15€715k€531k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€651k€466k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€645k€460k▼
Profit (loss) carried forward14€1k€3k▲
Amounts payable17/49€271k€890k▲
Amounts payable within one year42/48€269k€884k▲
Financial debts43€225k€819k▲
Credit institutions430/8€225k€819k▲
Trade debts44€312€861▲
Suppliers440/4€312€861▲
Taxes, remuneration and social security45€43k€46k▲
Taxes450/3€43k€46k▲
Other amounts payable47/48€1k€18k▲
Accrued charges and deferred income492/3€1k€6k▲
Income statement
Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€9k
Other operating charges640/8€215€1k▲
Gross operating margin9900€427k€22k▼
Operating profit (loss)9901€427k€12k▼
Financial charges65/66B€14k€17k▲
Recurring financial charges65€14k€17k▲
Profit (loss) for the period before taxes9903€413k€-6k▼
Income taxes67/77€117k€2k▼
Profit (loss) for the period9904€296k€-8k▼
Profit (loss) for the period to be appropriated9905€296k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€296k€-7k▼
Profit (loss) brought forward from the previous period14P€473€1k▲
Transfer from equity791/2€500k€185k▼
Transfer to equity691/2€295k-
To other reserves6921€295k-
Profit to be distributed694/7€500k€175k▼
Return on contributions (dividend)694€500k€175k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-8k ▼103%
Net result drops to €-8k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 25 days late
2023
31-12
Financial
Highest result since 2018net €296k ▲493%
Operating result €427k, net result €296k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Gent · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gaston Crommenlaan 89050 GentGround area
2.2 ha
Building footprint
1,505 m²
Volume, LiDAR
21,251 m³
2 parcels, Flanders · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
PROMOVAL
since 19972.064.311.537
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 1,241 m² | 18.8 m · 5 fl. |
| 44432C0150/00H000 | Flanders | 2,571 m² | 1 · 264 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Drieweg
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Blackbird Residence
BE 0798.595.357
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VIVARDENT IMMO
BE 0773.645.175
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VASTGOED MEERT
BE 0460.030.121
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O3 SHIFT LAKEN
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,381. 3,649 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-10-1993
Fiscal year end31-12
Abbreviation NL
IMMOVAL
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.