SCOPE IMMO
ActiveSummary
SCOPE IMMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €609,780 and a net result of €251,256. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 54% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+79
Solvency68▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.93 against 0.66 in 2024; short-term debt: 29.9% and cash: 4.2% of total assets), but 57.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.8%
Return on assets
17.6%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 25-11-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
6 d early
2023
1 d early
2022
21 d late
2021
5 d late
2020
107 d early
2019
83 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€251,256
2024 · -€262,030
Working capital
€824,691
2024 · -€620,120
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
Line20212022202320242025
Operating result€361,211€35,925▼ 90.1%€684,568▲ 1,806%-€502,268€316,296
Net result€154,820-€85,708€930,782-€262,030€251,256
Equity€2.0m▲ 8.2%€1.9m▼ 4.3%€2.8m▲ 42.7%€2.5m▼ 9.5%€609,780▼ 75.6%
Total assets€3.0m▼ 29.0%€2.8m▼ 4.6%€3.5m▲ 25.0%€4.7m▲ 31.8%€1.4m▼ 69.4%
Debt€808,837▼ 55.7%€865,863▲ 7.1%€590,152▼ 31.8%€1.8m▲ 211%€426,341▼ 76.7%
Working capital-€622,477-€721,231▼ 15.9%€363,065-€620,120€824,691
Staff (FTE)1.4▼ 30.0%1▼ 28.6%1=1=
Why a figure moved sharply
- 2025 Equity -76%, Total assets -69% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €316,296 after a loss of €502,268 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€175,000 ▼ 94.9%
Current assets
€1.3m ▲ 4.0%
Equity and liabilities €1.4m
Equity
€609,780 ▼ 75.6%
Provisions
€389,911 ▲ 18.3%
Debt
€426,341 ▼ 76.7%
Debt's share of the balance-sheet total falls from 39.3% to 29.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.1m▲
2024 · -€377,293
Cash flow
€1.1m▲
2024 · -€137,055
Current ratio
2.93▲
2024 · 0.66
Debt to equity
0.70▼
2024 · 0.73
ROE
41.2%▲
2024 · -10.5%
ROA
17.6%▲
2024 · -5.6%
Interest coverage
3947.02▲
2024 · -610.76
Debt ≤ 1 year
€426,341▼
2024 · €1.8m
Staff costs
€43,882▼
2024 · €54,825
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 20,082 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1.9m | - |
| Remuneration, social security and pensions62 | - | €42,343 | €48,480 | €54,825 | €43,882 | ▼ 20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,841 | €99,387 | €99,975 | €124,975 | €800,000 | ▲ 540% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€106,555 | -€703,042 | €144,201 | €60,357 | ▼ 58.1% |
| Other operating charges640/8 | - | €11,114 | €10,137 | €14,596 | €221,531 | ▲ 1,418% |
| Non-recurring operating charges66A | - | - | - | - | €556 | - |
| Gross operating margin9900 | €151,932 | €82,213 | €140,118 | -€163,671 | €1.4m | ▲ 981% |
| Operating profit (loss)9901 | €361,211 | €35,925 | €684,568 | -€502,268 | €316,296 | ▲ 163% |
| Financial income75/76B | - | €138,366 | €246,911 | €242,295 | €97,568 | ▼ 59.7% |
| Recurring financial income75 | €142,837 | €138,366 | €153,761 | €120,185 | €97,568 | ▼ 18.8% |
| Non-recurring financial income76B | - | - | €93,150 | €122,110 | - | - |
| Financial charges65/66B | - | €259,999 | €696 | €618 | €162,608 | ▲ 26,223% |
| Recurring financial charges65 | €520 | €736 | €696 | €618 | €283 | ▼ 54.2% |
| Non-recurring financial charges66B | - | €259,263 | - | - | €162,325 | - |
| Profit (loss) for the period before taxes9903 | €154,820 | -€85,708 | €930,782 | -€260,591 | €251,256 | ▲ 196% |
| Income taxes67/77 | - | - | - | €1,439 | - | - |
| Profit (loss) for the period9904 | €154,820 | -€85,708 | €930,782 | -€262,030 | €251,256 | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €154,820 | -€85,708 | €930,782 | -€262,030 | €251,256 | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.0m | €2.8m | €3.5m | €4.7m | €1.4m | ▼ 69.4% |
| Fixed assets21/28 | €2.8m | €2.7m | €2.6m | €3.5m | €175,000 | ▼ 94.9% |
| Intangible fixed assets21 | - | - | - | €975,000 | €175,000 | ▼ 82.1% |
| Tangible fixed assets22/27 | €2.8m | €2.7m | €2.6m | €2.5m | - | - |
| Land and buildings22 | - | €2.7m | €2.6m | €2.5m | - | - |
| Furniture and vehicles24 | - | €2,329 | €1,443 | €556 | - | - |
| Current assets29/58 | €186,360 | €144,632 | €953,216 | €1.2m | €1.3m | ▲ 4.0% |
| Amounts receivable within one year40/41 | €50,832 | €99,138 | €932,150 | €1.1m | €187,421 | ▼ 82.6% |
| Trade receivables40 | - | €97,911 | €90,871 | €110,706 | €82,383 | ▼ 25.6% |
| Other amounts receivable41 | - | €1,227 | €841,279 | €963,389 | €105,038 | ▼ 89.1% |
| Current investments50/53 | - | - | - | - | €1.0m | - |
| Cash at bank and in hand54/58 | €131,699 | €42,529 | €17,667 | €124,728 | €59,844 | ▼ 52.0% |
| Deferred charges and accrued income490/1 | - | €2,965 | €3,399 | €3,641 | €3,768 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.0m | €2.8m | €3.5m | €4.7m | €1.4m | ▼ 69.4% |
| Equity10/15 | €2.0m | €1.9m | €2.8m | €2.5m | €609,780 | ▼ 75.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | - | €2.3m | €2.2m | €2.1m | - | - |
| Reserves13 | €88,428 | €170,656 | €252,884 | €296,525 | €296,525 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €164,456 | €246,684 | €290,325 | €290,325 | = |
| Profit (loss) carried forward14 | -€517,957 | -€603,665 | €223,442 | - | €251,256 | - |
| Investment grants15 | - | €2,220 | €1,480 | €740 | - | - |
| Provisions and deferred taxes16 | €133,955 | €27,400 | €185,353 | €329,554 | €389,911 | ▲ 18.3% |
| Provisions for liabilities and charges160/5 | - | €27,400 | €185,353 | €329,554 | €389,911 | ▲ 18.3% |
| Other liabilities and charges164/5 | - | €27,400 | €185,353 | €329,554 | €389,911 | ▲ 18.3% |
| Amounts payable17/49 | €808,837 | €865,863 | €590,152 | €1.8m | €426,341 | ▼ 76.7% |
| Amounts payable within one year42/48 | €808,837 | €865,863 | €590,152 | €1.8m | €426,341 | ▼ 76.6% |
| Trade debts44 | €5,105 | €259,340 | €250,072 | €550,384 | €425,485 | ▼ 22.7% |
| Suppliers440/4 | - | €259,340 | €250,072 | €550,384 | €425,485 | ▼ 22.7% |
| Taxes, remuneration and social security45 | - | €6,524 | €6,984 | €9,095 | - | - |
| Remuneration and social security454/9 | - | €6,524 | €6,984 | €9,095 | - | - |
| Other amounts payable47/48 | - | €600,000 | €333,096 | €1.3m | €856 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | - | - | - | €10,409 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €154,820 | -€85,708 | €930,782 | -€262,030 | €251,256 | ▲ 196% |
| + Depreciation and write-downs630 | €97,841 | €99,387 | €99,975 | €124,975 | €800,000 | ▲ 540% |
| Operating cash flow (approximation) | €252,661 | €13,679 | €1.0m | -€137,055 | €1.1m | ▲ 867% |
| Investment in fixed assets (approximation) | - | -€5,138 | €0 | -€1.0m | €2.5m | ▲ 348% |
| Change in cash | - | -€89,171 | -€24,862 | €107,061 | -€64,885 | ▼ 161% |
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
Next filing, fiscal year 2026, expected by
2026
20-03
State Gazette act
Appointment: SRL BMS & C° (statutory auditor)2 facts ▸
State Gazette act
Appointment: SRL BMS & C° (statutory auditor)
2 facts ▸
- General meeting, 30/10/2023
- Auditor appointment, SRL BMS & C° (statutory auditor)
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
31-03
Financial
Back to profitnet €251,256
Net result €251,256 after one loss-making year.
31-03
Financial
Liquidity quadruplescurrent ratio 2.93
Current ratio from 0.66 to 2.93; short-term debt falls from €1.8m to €426,341.
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Back to profitnet €930,782
Net result €930,782 after one loss-making year.
31-03
Financial
Liquidity times 10current ratio 1.62
Current ratio from 0.17 to 1.62; short-term debt falls from €865,863 to €590,152.
31-03
Financial
Equity above €2mEq €2.8m ▲42.7%
Equity rises from €1.9m to €2.8m.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2021
05-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 5 days late
31-03
Financial
Back to profitnet €154,820
Net result €154,820 after 2 loss-making years.
Show earlier events
31-03
Financial
Equity above €2mEq €2.0m ▲8.2%
Equity rises from €1.9m to €2.0m.
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
31-03
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €1mEq €1.9m ▲208%
Equity rises from €605,696 to €1.9m.
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Paul Moreau
CurrentStatutory auditor · since 20-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1989
Ground area
180 m²
Building footprint
165 m²
Volume, LiDAR
3,097 m³
Parcel 21805E0528/00Z000, Brussels · tallest building 23.7 m, ±6 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
ALPHA TRENDS S.A.
since 19892.044.726.148
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0528/00Z000 | Brussels | 180 m² | 1 · 165 m² | 23.7 m · 6 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Paul Moreau |
|
Structure & network
Owners and holdings
1 ownerChain of control
- ELISAL
- SCOPE INVEST
- SCOPE IMMO
Highest known parent: ELISAL. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-03-2025 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2025 of SCOPE IMMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,770. 5,009 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-07-1989
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438054374
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.