ROYALE IMMO
Bankruptcy closedSummary
ROYALE IMMO was declared bankrupt on 02-06-2026 (Ondernemingsrechtbank Brussel); the bankruptcy declaration was reversed by judgment of 16-06-2026, published in the Belgian State Gazette on 23-06-2026. The 2024 annual accounts show negative equity (-€16,938) and a net result of -€51,308.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€16,938
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Still owed money by this company? Its procedure, who runs it and what to do now.Creditor guide Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Development of residential building projects sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€16,938
2023 · €24,370
Total assets
€522,876▲ 75.5%
2023 · €298,011
Net result
-€51,308
2023 · €24,370
Working capital
€173,208▲ 1,776%
2023 · €9,231
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20232024
Operating result€40,401--€31,713
Net result€24,370within the sector's middle half--€51,308below the sector's middle half
Equity€24,370within the sector's middle half--€16,938below the sector's middle half
Total assets€298,011within the sector's middle half-€522,876within the sector's middle half▲ 75.5%
Debt€273,641-€539,814▲ 97.3%
Working capital€9,231within the sector's middle half-€173,208above the sector's middle half▲ 1,776%
Solvency8.2%within the sector's middle half--3.2%below the sector's middle half▼ 11.4pp
Current ratio1.07within the sector's middle half-1.90within the sector's middle half▲ 0.83
Return on assets (ROA)8.2%above the sector's middle half--9.8%below the sector's middle half▼ 18.0pp
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
The operating result turns negative in 2024: a loss of €31,713 after €40,401 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €522,876
Fixed assets
€156,776 ▲ 4.8%
Current assets
€366,100 ▲ 147%
Key figures and ratios
EBITDA
-€7,787▼
2023 · €57,831
Cash flow
-€27,382▼
2023 · €41,800
Debt to equity
-31.87▼
2023 · 11.23
Interest coverage
-0.39▼
2023 · 9.85
Debt ≤ 1 year
€192,892▲
2023 · €139,210
Debt > 1 year
€340,406▲
2023 · €132,118
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,430 | €23,926 | ▲ 37.3% |
| Other operating charges640/8 | €3,801 | €2,392 | ▼ 37.1% |
| Gross operating margin9900 | €61,633 | -€5,395 | ▼ 109% |
| Operating profit (loss)9901 | €40,401 | -€31,713 | ▼ 178% |
| Financial income75/76B | €1 | €525 | ▲ 87,400% |
| Recurring financial income75 | €1 | €525 | ▲ 87,400% |
| Financial charges65/66B | €5,869 | €20,120 | ▲ 243% |
| Recurring financial charges65 | €5,869 | €20,120 | ▲ 243% |
| Profit (loss) for the period before taxes9903 | €34,533 | -€51,308 | ▼ 249% |
| Income taxes67/77 | €10,163 | - | - |
| Profit (loss) for the period9904 | €24,370 | -€51,308 | ▼ 311% |
| Profit (loss) for the period to be appropriated9905 | €24,370 | -€51,308 | ▼ 311% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €298,011 | €522,876 | ▲ 75.5% |
| Fixed assets21/28 | €149,570 | €156,776 | ▲ 4.8% |
| Intangible fixed assets21 | €147,649 | €124,087 | ▼ 16.0% |
| Tangible fixed assets22/27 | €1,837 | €32,604 | ▲ 1,675% |
| Furniture and vehicles24 | €1,837 | €764 | ▼ 58.4% |
| Other tangible fixed assets26 | - | €31,840 | - |
| Financial fixed assets28 | €85 | €85 | = |
| Current assets29/58 | €148,441 | €366,100 | ▲ 147% |
| Amounts receivable within one year40/41 | €147,998 | €366,088 | ▲ 147% |
| Trade receivables40 | €23,963 | €34,620 | ▲ 44.5% |
| Other amounts receivable41 | €124,035 | €331,467 | ▲ 167% |
| Cash at bank and in hand54/58 | €90 | €13 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | €353 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €298,011 | €522,876 | ▲ 75.5% |
| Equity10/15 | €24,370 | -€16,938 | ▼ 170% |
| Contributions10/11 | - | €10,000 | - |
| Profit (loss) carried forward14 | €24,370 | -€26,938 | ▼ 211% |
| Amounts payable17/49 | €273,641 | €539,814 | ▲ 97.3% |
| Amounts payable after more than one year17 | €132,118 | €340,406 | ▲ 158% |
| Financial debts170/4 | €132,118 | €340,406 | ▲ 158% |
| Amounts payable within one year42/48 | €139,210 | €192,892 | ▲ 38.6% |
| Current portion of amounts payable after more than one year42 | €21,067 | €57,592 | ▲ 173% |
| Trade debts44 | €37,104 | €102,690 | ▲ 177% |
| Suppliers440/4 | €37,104 | €102,690 | ▲ 177% |
| Taxes, remuneration and social security45 | €32,496 | €32,610 | ▲ 0.3% |
| Taxes450/3 | €32,496 | €32,610 | ▲ 0.3% |
| Other amounts payable47/48 | €48,542 | - | - |
| Accrued charges and deferred income492/3 | €2,314 | €6,516 | ▲ 182% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,370 | -€51,308 | ▼ 311% |
| + Depreciation and write-downs630 | €17,430 | €23,926 | ▲ 37.3% |
| Operating cash flow (approximation) | €41,800 | -€27,382 | ▼ 166% |
| Investment in fixed assets (approximation) | - | -€31,132 | - |
| Change in cash | - | -€77 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
23-06
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · event 16-06-2026
08-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 02-06-2026
12-05
KBO administration
Address struck
event 09-03-2026
04-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 24-04-2026
2025
10-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 102 days late
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 117 days late
SignalNBB filing
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, Sint-Jans-Molenbeek · 2 establishment units since 2023
Ground area
5,685 m²
Building footprint
3,441 m²
Volume, LiDAR
92,092 m³
3 parcels, Brussels · tallest building 42.0 m, ±10 floors. Linked by address, not a title deed.
345
companies at this address
See who is registered here
2 establishment units
Century 21 Royale
since 20232.345.677.754
Century 21 Royale Uccle
since 20232.359.883.504
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0653/00E000 | Brussels | 3,126 m² | 1 · 2,652 m² | 42.0 m · 10 fl. |
| 21612C0003/00E021 | Brussels | 2,250 m² | 1 · 546 m² | 29.5 m · 9 fl. |
| 21526D0069/02A005 | Brussels | 310 m² | 1 · 243 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | LIES DEWAEL DE KLEETLAAN 5 BC, 1831 DIEGEM- |
02-06-2026 → 16-06-2026 |
| Curator | ANTHONY BOCHON AVENUE LOUISE 480 BOITE 11,
1050 IXELLES |
24-04-2026 → 16-06-2026 |
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,394. 4,298 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
Founded30-03-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.