RUN IMMO
ActiveSummary
The computed 12-month bankruptcy probability of RUN IMMO is 1.9% (moderate). The 2024 annual accounts show equity of €28,582 and a net result of -€4,402. Equity is shrinking by ~25% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 30% of 19374 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▼-61
Solvency34▼-1
Growth58=
Track record92
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity ample (current ratio 8.46 against 7.88 in 2023; short-term debt: 11.2% and cash: 0.1% of total assets), but 90.8% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
9.2%
Return on assets
-1.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-11-2025, 121 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
121 d late
2023
15 d early
2022
150 d late
2021
108 d late
2020
29 d late
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
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Financials · fiscal year 2024, micro schema
Equity
€28,582▼ 13.3%
2023 · €32,984
Total assets
€311,767▼ 3.6%
2023 · €323,490
Net result
-€4,402
2023 · €78,105
Working capital
€259,416▼ 0.5%
2023 · €260,841
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
Line20202021202220232024
Operating result€21,980€81,180▲ 269%€104,477▲ 28.7%€116,772▲ 11.8%€21,323▼ 81.7%
Net result€4,868within the sector's middle half€69,475above the sector's middle half▲ 1,327%€55,121above the sector's middle half▼ 20.7%€78,105above the sector's middle half▲ 41.7%-€4,402within the sector's middle half
Equity€141,635within the sector's middle half▲ 3.6%€98,309within the sector's middle half▼ 30.6%-€36,121below the sector's middle half€32,984within the sector's middle half€28,582within the sector's middle half▼ 13.3%
Total assets€593,381within the sector's middle half▼ 2.0%€493,093within the sector's middle half▼ 16.9%€376,258within the sector's middle half▼ 23.7%€323,490within the sector's middle half▼ 14.0%€311,767within the sector's middle half▼ 3.6%
Debt€393,661▼ 4.1%€394,784▲ 0.3%€412,379▲ 4.5%€290,506▼ 29.6%€283,185▼ 2.5%
Working capital€15,196within the sector's middle half▼ 22.7%-€83,663below the sector's middle half€233,238above the sector's middle half€260,841above the sector's middle half▲ 11.8%€259,416above the sector's middle half▼ 0.5%
Solvency23.9%within the sector's middle half▲ 1.3pp19.9%within the sector's middle half▼ 3.9pp-9.6%below the sector's middle half▼ 29.5pp10.2%within the sector's middle half▲ 19.8pp9.2%within the sector's middle half▼ 1.0pp
Current ratio1.20within the sector's middle half▼ 0.080.14below the sector's middle half▼ 1.0610.92above the sector's middle half▲ 10.787.88above the sector's middle half▼ 3.048.46above the sector's middle half▲ 0.58
Return on assets (ROA)0.8%within the sector's middle half▲ 4.9pp14.1%above the sector's middle half▲ 13.3pp14.6%above the sector's middle half▲ 0.6pp24.1%above the sector's middle half▲ 9.5pp-1.4%within the sector's middle half▼ 25.6pp
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
The operating result falls in 2024; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €311,767
Fixed assets
€17,560 ▼ 28.9%
Current assets
€294,206 ▼ 1.5%
Equity and liabilities €311,767
Equity
€28,582 ▼ 13.3%
Debt
€283,185 ▼ 2.5%
Debt's share of the balance-sheet total rises from 89.8% to 90.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27,322▼
2023 · €119,829
Cash flow
€1,598▼
2023 · €81,161
Quick ratio
0.70▼
2023 · 1.61
Debt to equity
9.91▲
2023 · 8.81
ROE
-15.4%▼
2023 · 236.8%
Interest coverage
1.10▼
2023 · 4.51
Debt ≤ 1 year
€34,790▼
2023 · €37,936
Debt > 1 year
€248,395▼
2023 · €252,571
Income taxes
€822▼
2023 · €12,113
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,037 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
2.9%
went bankrupt
2.9%
stopped otherwise
94%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 1,037 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €170,886 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €2,397 | €3,630 | €703 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,176 | €23,673 | €14,012 | €3,057 | €6,000 | ▲ 96.3% |
| Other operating charges640/8 | - | €68,216 | €273,705 | €15,906 | €3,949 | ▼ 75.2% |
| Gross operating margin9900 | €52,161 | €175,466 | €395,823 | €136,438 | €31,271 | ▼ 77.1% |
| Operating profit (loss)9901 | €21,980 | €81,180 | €104,477 | €116,772 | €21,323 | ▼ 81.7% |
| Financial income75/76B | - | €2,250 | €0 | - | - | - |
| Recurring financial income75 | - | €2,250 | €0 | - | - | - |
| Financial charges65/66B | - | €13,219 | €31,600 | €26,555 | €24,903 | ▼ 6.2% |
| Recurring financial charges65 | €16,832 | €13,219 | €31,600 | €26,555 | €24,903 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | €5,148 | €70,212 | €72,877 | €90,217 | -€3,580 | ▼ 104% |
| Income taxes67/77 | €279 | €736 | €17,756 | €12,113 | €822 | ▼ 93.2% |
| Profit (loss) for the period9904 | €4,868 | €69,475 | €55,121 | €78,105 | -€4,402 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €4,868 | €69,475 | €55,121 | €78,105 | -€4,402 | ▼ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €593,381 | €493,093 | €376,258 | €323,490 | €311,767 | ▼ 3.6% |
| Fixed assets21/28 | €501,316 | €479,553 | €119,507 | €24,714 | €17,560 | ▼ 28.9% |
| Tangible fixed assets22/27 | €501,316 | €479,553 | €119,160 | €24,714 | €17,499 | ▼ 29.2% |
| Land and buildings22 | - | €477,157 | €119,160 | - | - | - |
| Furniture and vehicles24 | - | - | - | €24,714 | €17,499 | ▼ 29.2% |
| Leasing and similar rights25 | - | €2,397 | - | - | - | - |
| Financial fixed assets28 | - | - | €347 | - | €62 | - |
| Current assets29/58 | €92,065 | €13,539 | €256,751 | €298,777 | €294,206 | ▼ 1.5% |
| Stocks and contracts in progress3 | - | - | €200,000 | €237,883 | €270,000 | ▲ 13.5% |
| Stocks30/36 | - | - | €200,000 | €237,883 | €270,000 | ▲ 13.5% |
| Amounts receivable within one year40/41 | €89,733 | €13,409 | €45,113 | €32,731 | €23,871 | ▼ 27.1% |
| Other amounts receivable41 | - | €13,409 | €45,113 | €32,731 | €23,871 | ▼ 27.1% |
| Cash at bank and in hand54/58 | €2,332 | €131 | €11,578 | €27,790 | €335 | ▼ 98.8% |
| Deferred charges and accrued income490/1 | - | - | €60 | €373 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €593,381 | €493,093 | €376,258 | €323,490 | €311,767 | ▼ 3.6% |
| Equity10/15 | €141,635 | €98,309 | -€36,121 | €32,984 | €28,582 | ▼ 13.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €189,550 | - | - | - | - |
| Reserves13 | €114,662 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€181,177 | -€111,701 | -€56,581 | €12,524 | €8,122 | ▼ 35.1% |
| Provisions and deferred taxes16 | €58,084 | - | - | - | - | - |
| Amounts payable17/49 | €393,661 | €394,784 | €412,379 | €290,506 | €283,185 | ▼ 2.5% |
| Amounts payable after more than one year17 | €315,442 | €294,081 | €388,865 | €252,571 | €248,395 | ▼ 1.7% |
| Financial debts170/4 | - | €294,081 | €388,865 | €252,571 | €248,395 | ▼ 1.7% |
| Amounts payable within one year42/48 | €76,869 | €97,203 | €23,514 | €37,936 | €34,790 | ▼ 8.3% |
| Current portion of amounts payable after more than one year42 | - | €18,934 | €14,074 | €11,904 | €7,436 | ▼ 37.5% |
| Financial debts43 | - | €2 | - | - | €23 | - |
| Credit institutions430/8 | - | €2 | - | - | €23 | - |
| Trade debts44 | €10,844 | €15,717 | €8,671 | €4,389 | €10,398 | ▲ 137% |
| Suppliers440/4 | - | €15,717 | €8,671 | €4,389 | €10,398 | ▲ 137% |
| Taxes, remuneration and social security45 | - | €1,027 | €768 | €12,642 | €12,933 | ▲ 2.3% |
| Taxes450/3 | - | €1,027 | €530 | €12,642 | €12,933 | ▲ 2.3% |
| Remuneration and social security454/9 | - | - | €239 | - | - | - |
| Other amounts payable47/48 | - | €61,522 | - | €9,000 | €4,000 | ▼ 55.6% |
| Accrued charges and deferred income492/3 | - | €3,500 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,868 | €69,475 | €55,121 | €78,105 | -€4,402 | ▼ 106% |
| + Depreciation and write-downs630 | €26,176 | €23,673 | €14,012 | €3,057 | €6,000 | ▲ 96.3% |
| Operating cash flow (approximation) | €31,044 | €93,148 | €69,132 | €81,161 | €1,598 | ▼ 98.0% |
| Investment in fixed assets (approximation) | - | -€1,910 | €346,035 | €91,737 | €1,154 | ▼ 98.7% |
| Change in cash | - | -€2,201 | €11,448 | €16,211 | -€27,455 | ▼ 269% |
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
2025
01-12
KBO administration
Address struck
Louizalaan 500 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 16-11-2025
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 121 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €78,105 ▲41.7%
Operating result €116,772, net result €78,105, both a record.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
31-12
Financial
Liquidity times 78current ratio 10.92
Current ratio from 0.14 to 10.92; short-term debt falls from €97,203 to €23,514.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Back to profitnet €4,868
Net result €4,868 after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet -€24,601
Net result drops to -€24,601, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Watermaal-Bosvoorde · 1 establishment unit since 2009
Ground area
1.4 ha
Building footprint
434 m²
Volume, LiDAR
15,095 m³
2 parcels, Brussels, Wallonia · tallest building 40.7 m, ±12 floors. Linked by address, not a title deed.
321
companies at this address
See who is registered here
1 establishment unit
Rue du Hautbois 4, 7000 Mons
since 20092.175.573.903
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0214/00F000 | Brussels | 1.4 ha | 1 · 398 m² | 40.7 m · 12 fl. |
| 53053H0699/00V000 ProtectedMonument |
Wallonia | 69 m² | 1 · 37 m² | 13.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,348 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 (pre-2019)
Founded17-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807208066
Also
9925:BE0807208066
Registered
17-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.