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REX IMMO

Active
Private limited companyfounded 20214 yrs activeBombroekstraat 2, 3720 Hasselt, BelgiumKBO/BCE: BE 0774.661.992
Summary

REX IMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €66,651 and a net result of €12,036. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 19362 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability55▼-5
Solvency36▲+2
Growth78=
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.46 in 2023; short-term debt: 36.4% and cash: 6.6% of total assets), and 88.9% of the assets are financed with debt.
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Signals

Four 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 4 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 · 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 2024
Solvency, return and age of the figures
Solvency
11.1%
Return on assets
2%
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 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
31 d early
2023
61 d late
2022
60 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 30 days after 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 (1)
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

REX IMMO was incorporated on 28 September 2021 as a Private limited company.1 Total assets went from EUR 572,294 in 2022 to EUR 602,787 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€66,651▲ 22.0%
2023 · €54,615
Total assets
€602,787▼ 0.2%
2023 · €604,176
Net result
€12,036▼ 37.2%
2023 · €19,171
Working capital
-€165,118▼ 40.2%
2023 · -€117,766
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€22,200-€28,582▲ 28.7%€23,545▼ 17.6%
Net result€11,444-€19,171▲ 67.5%€12,036▼ 37.2%
Equity€35,444-€54,615▲ 54.1%€66,651▲ 22.0%
Total assets€572,294-€604,176▲ 5.6%€602,787▼ 0.2%
Debt€536,850-€549,561▲ 2.4%€536,136▼ 2.4%
Working capital-€134,828--€117,766▲ 12.7%-€165,118▼ 40.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2022: €22,200€22,200Net result 2022: €11,444€11,444Operating result 2023: €28,582€28,582Net result 2023: €19,171€19,171Operating result 2024: €23,545€23,545Net result 2024: €12,036€12,036202220232024€0€10,000€20,000€30,000Operating result 2022: €22,200€22,200Net result 2022: €11,444€11,400Operating result 2023: €28,582€28,600Net result 2023: €19,171€19,200Operating result 2024: €23,545€23,500Net result 2024: €12,036€12,000202220232024
The operating result falls in 2024; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €602,787
Fixed assets €548,366 ▲ 8.5%
Current assets €54,421 ▼ 44.8%
Equity and liabilities €602,787
Equity €66,651 ▲ 22.0%
Debt €536,136 ▼ 2.4%
Debt's share of the balance-sheet total falls from 91.0% to 88.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€37,947▼
2023 · €41,918
Cash flow
€26,438▼
2023 · €32,507
Current ratio
0.25▼
2023 · 0.46
Debt to equity
8.04▼
2023 · 10.06
ROE
18.1%▼
2023 · 35.1%
ROA
2.0%▼
2023 · 3.2%
Interest coverage
4.00▼
2023 · 4.45
Debt ≤ 1 year
€219,539▲
2023 · €216,340
Debt > 1 year
€314,681▼
2023 · €331,418
Income taxes
€2,033
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 895 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.7% stopped otherwise
98% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 895 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 · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€604,176€602,787▼
Fixed assets21/28€505,603€548,366▲
Tangible fixed assets22/27€505,603€548,366▲
Land and buildings22€505,603€548,366▲
Current assets29/58€98,573€54,421▼
Amounts receivable within one year40/41€19,696€314▼
Trade receivables40€19,696-
Other amounts receivable41-€314
Cash at bank and in hand54/58€64,416€39,598▼
Deferred charges and accrued income490/1€14,461€14,509▲
Equity and liabilities
Total equity and liabilities10/49€604,176€602,787▼
Equity10/15€54,615€66,651▲
Contributions10/11€24,000€24,000=
Reserves13€30,615€42,651▲
Distributable reserves133€30,615€42,651▲
Amounts payable17/49€549,561€536,136▼
Amounts payable after more than one year17€331,418€314,681▼
Financial debts170/4€331,418€314,681▼
Amounts payable within one year42/48€216,340€219,539▲
Current portion of amounts payable after more than one year42€16,400€16,737▲
Trade debts44€2,002€7,313▲
Suppliers440/4€2,002€7,313▲
Taxes, remuneration and social security45€7,135€2,033▼
Taxes450/3€7,135€2,033▼
Other amounts payable47/48€190,803€193,456▲
Accrued charges and deferred income492/3€1,804€1,917▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,336€14,402▲
Other operating charges640/8€62€10,067▲
Gross operating margin9900€41,980€48,014▲
Operating profit (loss)9901€28,582€23,545▼
Financial charges65/66B€9,411€9,476▲
Recurring financial charges65€9,411€9,476▲
Profit (loss) for the period before taxes9903€19,171€14,069▼
Income taxes67/77-€2,033
Profit (loss) for the period9904€19,171€12,036▼
Profit (loss) for the period to be appropriated9905€19,171€12,036▼
Appropriation of the result
Profit (loss) to be appropriated9906€19,171€12,036▼
Transfer to equity691/2€19,171€12,036▼
To other reserves6921€19,171€12,036▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,334€13,336€14,402▲ 8.0%
Other operating charges640/8€62€62€10,067▲ 16,137%
Gross operating margin9900€45,596€41,980€48,014▲ 14.4%
Operating profit (loss)9901€22,200€28,582€23,545▼ 17.6%
Financial income75/76B€0---
Recurring financial income75€0---
Financial charges65/66B€10,756€9,411€9,476▲ 0.7%
Recurring financial charges65€10,756€9,411€9,476▲ 0.7%
Profit (loss) for the period before taxes9903€11,444€19,171€14,069▼ 26.6%
Income taxes67/77--€2,033-
Profit (loss) for the period9904€11,444€19,171€12,036▼ 37.2%
Profit (loss) for the period to be appropriated9905€11,444€19,171€12,036▼ 37.2%
Line202220232024Change
Assets
Total assets20/58€572,294€604,176€602,787▼ 0.2%
Fixed assets21/28€518,939€505,603€548,366▲ 8.5%
Tangible fixed assets22/27€518,939€505,603€548,366▲ 8.5%
Land and buildings22€518,939€505,603€548,366▲ 8.5%
Current assets29/58€53,355€98,573€54,421▼ 44.8%
Amounts receivable within one year40/41€1,093€19,696€314▼ 98.4%
Trade receivables40-€19,696--
Other amounts receivable41€1,093-€314-
Cash at bank and in hand54/58€51,308€64,416€39,598▼ 38.5%
Deferred charges and accrued income490/1€954€14,461€14,509▲ 0.3%
Equity and liabilities
Total equity and liabilities10/49€572,294€604,176€602,787▼ 0.2%
Equity10/15€35,444€54,615€66,651▲ 22.0%
Contributions10/11€24,000€24,000€24,000=
Reserves13€11,444€30,615€42,651▲ 39.3%
Distributable reserves133€11,444€30,615€42,651▲ 39.3%
Amounts payable17/49€536,850€549,561€536,136▼ 2.4%
Amounts payable after more than one year17€347,817€331,418€314,681▼ 5.1%
Financial debts170/4€347,817€331,418€314,681▼ 5.1%
Amounts payable within one year42/48€188,184€216,340€219,539▲ 1.5%
Current portion of amounts payable after more than one year42€16,105€16,400€16,737▲ 2.1%
Trade debts44€1,714€2,002€7,313▲ 265%
Suppliers440/4€1,714€2,002€7,313▲ 265%
Taxes, remuneration and social security45-€7,135€2,033▼ 71.5%
Taxes450/3-€7,135€2,033▼ 71.5%
Other amounts payable47/48€170,365€190,803€193,456▲ 1.4%
Accrued charges and deferred income492/3€849€1,804€1,917▲ 6.3%
Line202220232024Change
Profit (loss) for the period9904€11,444€19,171€12,036▼ 37.2%
+ Depreciation and write-downs630€23,334€13,336€14,402▲ 8.0%
Operating cash flow (approximation)€34,777€32,507€26,438▼ 18.7%
Investment in fixed assets (approximation)-€0-€57,165-
Change in cash-€13,108-€24,818▼ 289%

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

2025
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Highest result since 2022net €19,171 ▲67.5%
Operating result €28,582, net result €19,171, both a record.
29-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Hasselt · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
441 m²
Building footprint
130 m²
Volume, LiDAR
1,168 m³
Parcel 73040C0104/00N000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
REX IMMO
Bombroekstraat 2, 3720 HasseltReal estate development
since 20212.322.536.227
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73040C0104/00N000 Flanders 441 m² 1 · 130 m² 11.5 m · 3 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, comparable size

Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 3,720 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded28-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID 0208:0774661992
Registered 06-01-2026

Register as of 27 September 2026 · Peppol Directory

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