Checked.be
Active
BE 0872.046.529Private limited company
PVL Immo
Kanaaldijk 16 C ·2380 Ravels, Belgium· 21 yrs active
Conclusion
PVL Immo has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €338k and a net result of €32k. Equity is growing by ~9.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €338k |
| Net result | €32k |
| Active | 21 yrs |
| Locations | 1 |
Financial profile
77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
48
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
85
2022
78
2023
78
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 48.85 (≥ 1.5)
+10
Quick ratio
Quick ratio 39.15 (≥ 1.0)
+5
Leverage
Debt/equity 0.02 (< 1.0)
+10
Profitability
ROE 10%
+3
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~9.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€32k
+51.7%
22-25
€345k
+9.9%
22-25
€338k
+10.6%
22-25
€338k
+10.6%
22-25
€11k
+51.7%
22-25
€7k
-16.9%
22-25
€7k
-16.9%
22-25
48.85
+32.1%
22-25
39.15
+60.1%
22-25
98.0%
+0.7%
22-25
0.02
-24.8%
22-25
9.6%
+37.2%
22-25
9.4%
+38.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | - | - |
| Net profit | €32k | €21k | €25k | €55k |
| Cash flow | - | - | - | - |
| Staff costs | - | - | - | - |
| Income taxes | €11k | €7k | €3k | - |
| Dividends | - | - | - | - |
| Total assets | €345k | €314k | €420k | €411k |
| Equity | €338k | €306k | €284k | €259k |
| Debt | €7k | €9k | €135k | €152k |
| of which ≤ 1y | €7k | €9k | €135k | €152k |
| of which > 1y | - | - | - | - |
| Working capital | €338k | €306k | €284k | €259k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 48.85 | 36.97 | 3.10 | 2.71 |
| Quick ratio | 39.15 | 24.45 | 2.13 | 1.26 |
| Working capital ratio | 98.0% | 97.3% | 67.8% | 63.1% |
| Solvency | 98.0% | 97.3% | 67.8% | 63.1% |
| Debt / equity | 0.02 | 0.03 | 0.48 | 0.58 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | - | - |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 9.4% | 6.8% | 5.9% | 13.5% |
| ROE | 9.6% | 7.0% | 8.8% | 21.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €345k | €314k | €420k | €411k |
| Current assets | 29/58 | €345k | €314k | €420k | €411k |
| Stocks & contracts in progress | 3 | €69k | €106k | €132k | €221k |
| Amounts receivable within one year | 40/41 | €263k | €187k | €167k | - |
| Cash & bank | 54/58 | €14k | €21k | €121k | €191k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €345k | €314k | €420k | €411k |
| Equity | 10/15 | €338k | €306k | €284k | €259k |
| Contributions / capital | 10/11 | €275k | €275k | €275k | €275k |
| Reserves | 13 | €63k | €31k | €9k | - |
| Accumulated profits (losses) | 14 | - | - | €0 | €-16k |
| Amounts payable | 17/49 | €7k | €9k | €135k | €152k |
| Amounts payable within one year | 42/48 | €7k | €9k | €135k | €152k |
| Trade debts payable within one year | 44 | €400 | - | - | - |
| Income statement | |||||
| Gross operating margin | 9900 | €36k | €23k | €32k | €56k |
| Operating result | 9901 | €36k | €22k | €32k | €55k |
| Financial income | 75 | €8k | €6k | €4k | - |
| Financial charges | 65 | €192 | €352 | €7k | €24 |
| Result before taxes | 9903 | €43k | €28k | €28k | €55k |
| Income taxes | 67/77 | €11k | €7k | €3k | - |
| Net result for the period | 9904 | €32k | €21k | €25k | €55k |
| Result to be appropriated | 9905 | €32k | €21k | €25k | €55k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 21-02-2005 |
| Status | Active |
| Postal code | 2380 |
Establishment units
Immo Eel bvba
since 20052.145.573.583
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13035A0004/00X074 | Flanders | 4,946 m² | 1 · 1,733 m² | - |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €21k ▼14.5%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 12current ratio 36.97
Current ratio from 3.10 to 36.97; short-term debt falls from €135k to €9k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
15-01
State Gazette act
Director changes
16304044 · Christiaan Eyskens · correction
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2024
15-01-2024 Change in the board of directors correction
Summary:
16304044Notary:
Christiaan Eyskens · Weelde
Technical details
{
"events": [
{
"kind": "correction",
"role": null,
"person": null,
"reason": null,
"subkind": "rectification",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De naam van de vennootschap werd gewijzigd en luidt voortaan als volgt: \u201CPVL Immo\u201D",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Christiaan Eyskens",
"firm_city": null,
"firm_name": null,
"office_city": "Weelde",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-15",
"filing_date": "2024-01-11",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-19",
"unanimous": null
}
],
"is_correction": true,
"subject_company": {
"kbo": "0872.046.529",
"name_full": "PVL Immo",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0707.550.167",
"org_name": "HB Accountants",
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"afschrift akte",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": "16304044"
}Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | PVL Immo |