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IMMO WEST I

Active
Public limited companyfounded 1968active for 58 yearsPathoekeweg 7, 8000 Brugge, BelgiumKBO/BCE: BE 0405.161.080
Summary

IMMO WEST I has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €181,703. Equity has been growing by about 4.5% per year since 2018. Its solvency ranks better than 73% of 5,795 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active Normal situation
Activity
Renting and operating of own or leased non-residential real estate, excluding land NACE 68203and 4 others
Joint committees
112 Paritair Comité voor het garagebedrijf
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2022
Establishment unit
2.004.633.870 8000 Brugge, since 01-12-1951
Financial year end
31 December
Peppol
Reachable since 25-02-2026

Board and ownership

Board
and 1 other
Auditor
RSM INTERAUDIT
Shareholders

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€600,988
▼ 97.2%
Profit
€181,703
▼ 38.9%
Equity
€1.9m
▼ 26.0%
Total assets
€2.8m
▼ 71.3%
Staff
≈ 0 FTE
estimated
Turnover -97%: restructuring
Score breakdownlowers riskSize: turnover €600,988, total assets €2.8mLiquidity: current ratio 0.66, cash €445,472Founded in 1968Figures for financial year 2025 (filed on 05-06-2026)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 67% of small companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 94+42
equity 68.8% of total assets
Liquidity 61+47
short-term debt 24.3% · cash 15.9%
Profitability 85+33
return on assets 6.5%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,995 companies, NACE 68, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.2%▼ -0.1 percentage points vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026highest value 07-2026: < 0.1%▼ -0.3 percentage points vs 06-2026lowest value 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.66 (1.25 in 2024), below 1. Short-term debt is 24.3% and cash 15.9% of total assets. 31.2% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, small). It does better than 81% of them on solvency, 88% on liquidity, 94% on profitability and 8% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Size: turnover €600,988, total assets €2.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.66, cash €445,472
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 05-06-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
58 days early
2024
35 days early
2023
9 days early
2022
56 days early
2021
27 days early
2020
17 days early
2019
4 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Turnover fell in 2025restructuring with UNICARS ▼ 97.2% View
  • Positive: 8 profitable years in a rowprofit 2025: €181,703 8 years View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View

Recent changes

  1. · Gazette deed Demerger: UNICARS splits off to UNICARS BRUGGE
  2. · Gazette deed Demerger: UNICARS BRUGGE splits off to UNICARSCompany renamed from UNICARS BRUGGE to Immo West I · Change of role: de HARLEZ de DEULIN Antoine, Charles, Arnold, Marie, Ghislain, from persoon gelast met het dagelijks bestuur to niet statutair bestuurder, persoon gelast met het dagelijks bestuur · Resignations: CATELIN Benoît, Pierre, Marcel (director) and IMMO 73 S.A. (director)
  3. · Gazette deed Demerger proposal: UNICARS BRUGGE splits off to UNICARS
All 20 events

Comparable companies

These companies have the same main activity as IMMO WEST I: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €1.7m and €5.1m, founded between 1968 and 1991.

CompanyTotal assetsTurnover
IMMO WEST I Brugge€2.8m€0.6m
Couvimo Couvin€3.2m€0.4m
Lanson Industries Plant I Oostkamp€1.7m€0.6m
Belgische Distributiemaatschappij voor Verwerking en Toelevering van Voedingswaren Veurne€2.6m€0.6m
TER DOENAERT Kortrijk€2.8m€0.3m
VAN MALDEGHEM REAL ESTATE Koksijde€3.4m€1.4m
DELBACO Kortrijk€5.1m€0.4m
Full comparison

Key facts about IMMO WEST I

What is the company number of IMMO WEST I?
The company number of IMMO WEST I is 0405.161.080. The VAT number is the same number with BE in front: BE 0405.161.080.
Where is IMMO WEST I based?
The registered office is at Pathoekeweg 7, 8000 Brugge.Company details
What does IMMO WEST I do?
According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
What is the legal form of IMMO WEST I?
The legal form of IMMO WEST I is Public limited company (NV).
When was IMMO WEST I founded?
IMMO WEST I was founded on 01-01-1968.
Is IMMO WEST I still active?
Yes, IMMO WEST I is an active enterprise in the KBO register.
How many employees does IMMO WEST I have?
IMMO WEST I had an average of 21.6 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does IMMO WEST I fall under?
In its 2022 annual accounts, IMMO WEST I states joint committees 112 (Paritair Comité voor het garagebedrijf) and 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of IMMO WEST I?
The turnover of IMMO WEST I was €600,988 in financial year 2025, according to the filed annual accounts.
Is IMMO WEST I profitable?
In financial year 2025, IMMO WEST I made a profit of €181,703.
Where can I find the annual accounts of IMMO WEST I?
IMMO WEST I filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IMMO WEST I due?
IMMO WEST I must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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