RUN IMMO
ActiveSummary
The computed 12-month bankruptcy probability of RUN IMMO is 11.1% (high). The 2024 annual accounts show equity of €28,582 and a net result of -€4,402. Equity is shrinking by about 25% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2025. Its solvency ranks better than 30% of 19,153 sector peers (NACE 68, financial year 2024). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
- Equity
- €28,582
- Loss
- -€4,402
- BADER MUSTAрНАDirector
- SYLLA CHEIK HAMED TIDIANEDirector
Why 30raises riskFigures for financial year 2024 (filed 03-12-2025)1 financial year not filed after the legal deadline; last filed accounts filed 121 days late; 2 of the last 3 lateLiquidity: current ratio 8.46, cash €335, halved1 change of registered office in 24 monthsShow the evidence
Checked score
About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 30% on solvency, 46% on liquidity, 24% on profitability and 25% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 81 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
- Resignation: BADER MUSTAPHA (director)Appointment: SYLLA CHEIK HAMED TIDIANE…
- Resignation: GIACCIO GIUSEPPE (director)Appointment: BADER MUSTAрНА (director) ·…
- Appointment: GIACCIO GIUSEPPE (director)Registered-office move · Share transfer
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 26 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 82% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
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 93.6% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 11.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 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% | 0.9% |
| 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 74.5% 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.
| Line | 2018 | 2019 | 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 | €28,477 | €25,411 | €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 | €38,529 | €22,216 | €52,161 | €175,466 | €395,823 | €136,438 | €31,271 | ▼ 77.1% |
| Operating profit (loss)9901 | -€915 | -€9,736 | €21,980 | €81,180 | €104,477 | €116,772 | €21,323 | ▼ 81.7% |
| Financial income75/76B | - | - | - | €2,250 | €0 | - | - | - |
| Recurring financial income75 | - | €33 | - | €2,250 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €13,219 | €31,600 | €26,555 | €24,903 | ▼ 6.2% |
| Recurring financial charges65 | €13,681 | €14,623 | €16,832 | €13,219 | €31,600 | €26,555 | €24,903 | ▼ 6.2% |
| Profit (loss) for the period before taxes9903 | -€14,596 | -€24,326 | €5,148 | €70,212 | €72,877 | €90,217 | -€3,580 | - |
| Income taxes67/77 | €1,197 | €275 | €279 | €736 | €17,756 | €12,113 | €822 | ▼ 93.2% |
| Profit (loss) for the period9904 | -€15,793 | -€24,601 | €4,868 | €69,475 | €55,121 | €78,105 | -€4,402 | - |
| Profit (loss) for the period to be appropriated9905 | -€15,793 | -€24,601 | €4,868 | €69,475 | €55,121 | €78,105 | -€4,402 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €577,603 | €605,354 | €593,381 | €493,093 | €376,258 | €323,490 | €311,767 | ▼ 3.6% |
| Fixed assets21/28 | €525,395 | €514,943 | €501,316 | €479,553 | €119,507 | €24,714 | €17,560 | ▼ 28.9% |
| Tangible fixed assets22/27 | €525,395 | €514,943 | €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 | €52,208 | €90,411 | €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 | €51,982 | €84,042 | €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 | €227 | €6,370 | €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 | €577,603 | €605,354 | €593,381 | €493,093 | €376,258 | €323,490 | €311,767 | ▼ 3.6% |
| Equity10/15 | €161,368 | €136,767 | €141,635 | €98,309 | -€36,121 | €32,984 | €28,582 | ▼ 13.3% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | - | €189,550 | - | - | - | - |
| Reserves13 | €114,662 | €114,662 | €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 | -€161,444 | -€186,045 | -€181,177 | -€111,701 | -€56,581 | €12,524 | €8,122 | ▼ 35.1% |
| Provisions and deferred taxes16 | €58,084 | €58,084 | €58,084 | - | - | - | - | - |
| Amounts payable17/49 | €358,151 | €410,503 | €393,661 | €394,784 | €412,379 | €290,506 | €283,185 | ▼ 2.5% |
| Amounts payable after more than one year17 | €288,047 | €338,594 | €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 | €69,605 | €70,757 | €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 | €19,695 | €11,676 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,793 | -€24,601 | €4,868 | €69,475 | €55,121 | €78,105 | -€4,402 | - |
| + Depreciation and write-downs630 | €28,477 | €25,411 | €26,176 | €23,673 | €14,012 | €3,057 | €6,000 | ▲ 96.3% |
| Operating cash flow (approximation) | €12,684 | €811 | €31,044 | €93,148 | €69,132 | €81,161 | €1,598 | ▼ 98.0% |
| Investment in fixed assets (approximation) | - | -€14,959 | -€12,549 | -€1,910 | €346,035 | €91,737 | €1,154 | ▼ 98.7% |
| Change in cash | - | €6,143 | -€4,038 | -€2,201 | €11,448 | €16,211 | -€27,455 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 29-11-2025 | 2025-00575100 |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00261616 |
| 31-12-2022 | micro format | 28-12-2023 | 2024-00543262 |
| 31-12-2021 | micro format | 16-11-2022 | 2022-20521627 |
| 31-12-2020 | micro format | 29-08-2021 | 2021-57400424 |
| 31-12-2019 | micro format | 29-10-2020 | 2020-64800400 |
| 31-12-2018 | micro format | 27-06-2019 | 2019-24300445 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-40600021 |
| 31-12-2016 | full format | 17-07-2017 | 2017-31900046 |
| 31-12-2015 | full format | 29-09-2016 | 2016-63000030 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BADER MUSTAрНА |
|
| SYLLA CHEIK HAMED TIDIANE |
|
| BADER MUSTAPHA |
|
| GIACCIO GIUSEPPE |
|
Owners and capital
Capital and shareholders
- SYLLA CHEIK HAMED TIDIANE all shares
- BADER MUSTAPHA to SYLLA CHEIK HAMED TIDIANE 100 shares · 100%
- GIACCIO GIUSEPPE to BADER MUSTAрНА 20%
- BADER MUSTAPHA to GIACCIO GIUSEPPE 20%
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
24-04
Gazette deed
Resignation: BADER MUSTAPHA (director)Appointment: SYLLA CHEIK HAMED TIDIANE (director) · Share transfer · Shareholding7 facts ▸
- General meeting, 10-04-2026
- Director resignation, BADER MUSTAPHA (director)
- Director appointment, SYLLA CHEIK HAMED TIDIANE (director)
- Share transfer, BADER MUSTAPHA → SYLLA CHEIK HAMED TIDIANE
- Shareholding, 10-04-2026
- Director in office, SYLLA CHEIK HAMED TIDIANE (seul administrateur)
- Director discharge, BADER MUSTAPHA
02-03
Gazette deed
Resignation: GIACCIO GIUSEPPE (director)Appointment: BADER MUSTAрНА (director) · Share transfer4 facts ▸
- General meeting, 18-02-2026
- Director resignation, GIACCIO GIUSEPPE (director)
- Share transfer, GIACCIO GIUSEPPE → BADER MUSTAрНА
- Director appointment, BADER MUSTAрНА (director)
15-12
Gazette deed
Appointment: GIACCIO GIUSEPPE (director)Registered-office move · Share transfer4 facts ▸
- General meeting, 15-11-2025
- Registered-office move, AVENUE DES GERFAUTS 10 BOTE 34 1170 BRUXELLES
- Director appointment, GIACCIO GIUSEPPE (director)
- Share transfer, BADER MUSTAPHA → GIACCIO GIUSEPPE
11-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 01-03-2024
- Registered-office move, AVENUE LOUISE 500 A 1050 IXELLES
Show earlier events
About the unread acts
Of the 11 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0214/00F000 | Brussels | 1.4 ha | 1 · 398 m² | 40.7 m · 12 |
| 53053H0699/00V000 ProtectedMonumentMaison Renaissance (façades, toitures et charpentes), à l'arrière de la rue de la Halle, n°s 1-5 et accessible par la rue Jean LescartsSource ↗ |
Wallonia | 69 m² | 1 · 37 m² | 13.3 m · 4 |