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REA IMMO

Active
Private limited companyfounded 20233 yrs activeChaussée Brunehault(Haul) 446, 7120 Estinnes, BelgiumKBO/BCE: BE 0799.892.682
Summary

REA IMMO has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€26,956) and a net result of €25,501. Its solvency ranks better than 16% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability55▲+50
Solvency20▲+6
Growth78
Track record94
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 0.16 in 2024; short-term debt: 21.4% and cash: 0.8% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 14284 sector peers (2025).
NBB · sector comparison
Position among 14284 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
11 d early
2024
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 March 2023, REA IMMO was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€26,956▲ 48.6%
2024 · -€52,457
Total assets
€540,750▲ 16.2%
2024 · €465,490
Net result
€25,501
2024 · -€55,457
Working capital
-€88,382▲ 25.8%
2024 · -€119,068
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€17,880-€44,896
Net result-€55,457below the sector's middle half-€25,501within the sector's middle half
Equity-€52,457below the sector's middle half--€26,956below the sector's middle half▲ 48.6%
Total assets€465,490within the sector's middle half-€540,750within the sector's middle half▲ 16.2%
Debt€517,946-€567,706▲ 9.6%
Working capital-€119,068below the sector's middle half--€88,382below the sector's middle half▲ 25.8%
Solvency-11.3%below the sector's middle half--5.0%below the sector's middle half▲ 6.3pp
Current ratio0.16below the sector's middle half-0.24below the sector's middle half▲ 0.08
Return on assets (ROA)-11.9%below the sector's middle half-4.7%within the sector's middle half▲ 16.6pp
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2024: -€17,880-€17,880Net result 2024: -€55,457-€55,457Operating result 2025: €44,896€44,896Net result 2025: €25,501€25,50120242025-€100,000-€50,000€0€50,000Operating result 2024: -€17,880-€17,900Net result 2024: -€55,457-€55,500Operating result 2025: €44,896€44,900Net result 2025: €25,501€25,50020242025
The operating result returns to profit in 2025: €44,896 after a loss of €17,880 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €488,915
Fixed assets €461,515 ▲ 22.1%
Current assets €27,399 ▲ 23.7%
Key figures and ratios
2025 value · change against 2024
EBITDA
€70,504▲
2024 · €3,369
Cash flow
€51,109▲
2024 · -€34,208
Debt to equity
-21.06▼
2024 · -9.87
Interest coverage
3.64▲
2024 · 0.09
Debt ≤ 1 year
€115,781▼
2024 · €141,216
Debt > 1 year
€451,925▲
2024 · €376,730
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 262 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.

  • Small
  • 2 to 5 years old
  • negative equity
  • a profit under 5% of the balance sheet
1.1% went bankrupt
0.8% stopped otherwise
97% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,340 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% 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 262 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 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€465,490€540,750▲
Formation expenses20€65,368€51,836▼
Fixed assets21/28€377,974€461,515▲
Tangible fixed assets22/27€377,974€461,515▲
Land and buildings22€377,775€461,411▲
Furniture and vehicles24€199€104▼
Current assets29/58€22,148€27,399▲
Amounts receivable within one year40/41€660€22,597▲
Trade receivables40-€22,597
Other amounts receivable41€660-
Cash at bank and in hand54/58€21,044€4,474▼
Deferred charges and accrued income490/1€443€329▼
Equity and liabilities
Total equity and liabilities10/49€465,490€540,750▲
Equity10/15-€52,457-€26,956▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€55,457-€29,956▲
Amounts payable17/49€517,946€567,706▲
Amounts payable after more than one year17€376,730€451,925▲
Financial debts170/4€376,730€451,925▲
Amounts payable within one year42/48€141,216€115,781▼
Trade debts44€984€33,052▲
Suppliers440/4€984€33,052▲
Taxes, remuneration and social security45-€3,238
Taxes450/3-€3,238
Other amounts payable47/48€140,232€79,491▼
Income statement Code20242025
Non-recurring operating income76A€6-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,249€25,608▲
Other operating charges640/8€671€19,206▲
Gross operating margin9900€4,041€89,711▲
Operating profit (loss)9901-€17,880€44,896▲
Financial charges65/66B€37,577€19,395▼
Recurring financial charges65€37,577€19,395▼
Profit (loss) for the period before taxes9903-€55,457€25,501▲
Profit (loss) for the period9904-€55,457€25,501▲
Profit (loss) for the period to be appropriated9905-€55,457€25,501▲
Appropriation of the result
Profit (loss) to be appropriated9906-€55,457-€29,956▲
Profit (loss) brought forward from the previous period14P--€55,457

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Non-recurring operating income76A€6--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21,249€25,608▲ 20.5%
Other operating charges640/8€671€19,206▲ 2,761%
Gross operating margin9900€4,041€89,711▲ 2,120%
Operating profit (loss)9901-€17,880€44,896▲ 351%
Financial charges65/66B€37,577€19,395▼ 48.4%
Recurring financial charges65€37,577€19,395▼ 48.4%
Profit (loss) for the period before taxes9903-€55,457€25,501▲ 146%
Profit (loss) for the period9904-€55,457€25,501▲ 146%
Profit (loss) for the period to be appropriated9905-€55,457€25,501▲ 146%
Line20242025Change
Assets
Total assets20/58€465,490€540,750▲ 16.2%
Formation expenses20€65,368€51,836▼ 20.7%
Fixed assets21/28€377,974€461,515▲ 22.1%
Tangible fixed assets22/27€377,974€461,515▲ 22.1%
Land and buildings22€377,775€461,411▲ 22.1%
Furniture and vehicles24€199€104▼ 47.8%
Current assets29/58€22,148€27,399▲ 23.7%
Amounts receivable within one year40/41€660€22,597▲ 3,322%
Trade receivables40-€22,597-
Other amounts receivable41€660--
Cash at bank and in hand54/58€21,044€4,474▼ 78.7%
Deferred charges and accrued income490/1€443€329▼ 25.8%
Equity and liabilities
Total equity and liabilities10/49€465,490€540,750▲ 16.2%
Equity10/15-€52,457-€26,956▲ 48.6%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14-€55,457-€29,956▲ 46.0%
Amounts payable17/49€517,946€567,706▲ 9.6%
Amounts payable after more than one year17€376,730€451,925▲ 20.0%
Financial debts170/4€376,730€451,925▲ 20.0%
Amounts payable within one year42/48€141,216€115,781▼ 18.0%
Trade debts44€984€33,052▲ 3,261%
Suppliers440/4€984€33,052▲ 3,261%
Taxes, remuneration and social security45-€3,238-
Taxes450/3-€3,238-
Other amounts payable47/48€140,232€79,491▼ 43.3%
Line20242025Change
Profit (loss) for the period9904-€55,457€25,501▲ 146%
+ Depreciation and write-downs630€21,249€25,608▲ 20.5%
Operating cash flow (approximation)-€34,208€51,109▲ 249%
Investment in fixed assets (approximation)--€109,149-
Change in cash--€16,570-

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
20-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Back to profitnet €25,501
Net result €25,501 after one loss-making year.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Estinnes · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
435 m²
Building footprint
91 m²
Volume, LiDAR
578 m³
Parcel 56036B0247/00R000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REA IMMO
Chaussée Brunehault(Haul) 446, 7120 EstinnesReal estate development
since 20232.343.031.634
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
56036B0247/00R000 Wallonia 435 m² 1 · 91 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded24-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799892682
Also 9925:BE0799892682
Registered 06-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.