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PROXA IMMO

Active
Private limited companyfounded 2024active for 1 yearRoute Charlemagne 170, 4841 Welkenraedt, BelgiumKBO/BCE: BE 1016.046.492

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 24-07-2026 at the NBB

Turnover
≈ €73,000
Estimated: probably between €63,000 and €94,000
Total assets
€893,297
Net result
€575
Working capital
-€25,822

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €893,297
Fixed assets €889,362
Current assets €3,935
Equity and liabilities €893,297
Equity €6,575
Debt €886,722
Debt's share of the balance-sheet total is 99.3%.
Key figures and ratios
2025 value
EBITDA
€52,092
Cash flow
€27,670
Current ratio
0.13
ROE
8.7%
ROA
0.1%
Interest coverage
2.15
Debt ≤ 1 year
€29,757
Debt > 1 year
€856,965
Income taxes
€144
A ratio outside any meaningful range has been withheld (balance sheet total €893,297, equity €6,575).

Comparable companies

These companies have the same main activity as PROXA 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 €730,000 and €1m, founded in 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
PROXA IMMO Welkenraedt2024€0.9m€0.007m€0.06m€0.001m2025
Ferydan Ieper2024€0.9m-€0.1m€0.06m-€0.1m2025
CONCRETE & WOOD CONCEPTS Ruiselede2024€0.7m€0.01m€0.06m€0.003m2025
MARIUSO Charleroi2024€1.0m€0.04m€0.05m€0.04m2025
J.R.R. NIZO Aywaille2024€0.9m€0.5m€0.04m-€0.003m2025
JABA IMMO Pelt2024€0.8m-€0.1m€0.06m€0.008m2025
KEULEN BVO Lanaken2024€1.0m€0.3m€0.05m-€0.02m2025

They were chosen from the 7,230 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 139 companies had the same profile as PROXA IMMO has now. Two years later, 0.0% had gone bankrupt and 99.3% were still going.

  • Small
  • under 2 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
0.0% went bankrupt
0.7% stopped otherwise
99.3% was still going

That fits the bankruptcy probability of PROXA IMMO itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the 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% 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 139 companies, not a prediction for PROXA 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 31 lines

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€893,297
Fixed assets21/28€889,362
Tangible fixed assets22/27€889,362
Land and buildings22€889,362
Current assets29/58€3,935
Cash at bank and in hand54/58€3,935
Equity and liabilities
Total equity and liabilities10/49€893,297
Equity10/15€6,575
Contributions10/11€6,000
Profit (loss) carried forward14€575
Amounts payable17/49€886,722
Amounts payable after more than one year17€856,965
Financial debts170/4€727,965
Other amounts payable178/9€129,000
Amounts payable within one year42/48€29,757
Current portion of amounts payable after more than one year42€29,610
Trade debts44€3
Suppliers440/4€3
Taxes, remuneration and social security45€144
Taxes450/3€144
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,095
Other operating charges640/8€4,657
Gross operating margin9900€56,748
Operating profit (loss)9901€24,996
Financial charges65/66B€24,278
Recurring financial charges65€24,278
Profit (loss) for the period before taxes9903€719
Income taxes67/77€144
Profit (loss) for the period9904€575
Profit (loss) for the period to be appropriated9905€575
Appropriation of the result
Profit (loss) to be appropriated9906€575

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27,095
Other operating charges640/8€4,657
Gross operating margin9900€56,748
Operating profit (loss)9901€24,996
Financial charges65/66B€24,278
Recurring financial charges65€24,278
Profit (loss) for the period before taxes9903€719
Income taxes67/77€144
Profit (loss) for the period9904€575
Profit (loss) for the period to be appropriated9905€575
Line2025
Assets
Total assets20/58€893,297
Fixed assets21/28€889,362
Tangible fixed assets22/27€889,362
Land and buildings22€889,362
Current assets29/58€3,935
Cash at bank and in hand54/58€3,935
Equity and liabilities
Total equity and liabilities10/49€893,297
Equity10/15€6,575
Contributions10/11€6,000
Profit (loss) carried forward14€575
Amounts payable17/49€886,722
Amounts payable after more than one year17€856,965
Financial debts170/4€727,965
Other amounts payable178/9€129,000
Amounts payable within one year42/48€29,757
Current portion of amounts payable after more than one year42€29,610
Trade debts44€3
Suppliers440/4€3
Taxes, remuneration and social security45€144
Taxes450/3€144
Line2025
Profit (loss) for the period9904€575
+ Depreciation and write-downs630€27,095
Operating cash flow (approximation)€27,670

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-07-2026 2026-00337415 NBB

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