Equity
Equity fell by 96% in 16 years.
Equity fell by 96% in 16 years.
Every financial year from 2021 to 2026 closed with a loss. 2025 was the heaviest.
The micro format states no turnover.
Of this, €1.8m falls due within a year.
Green is investment, beige is depreciation.
Lower net result than 95% of companies in real estate. Sector median €10,086 · 474 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 17% of them on solvency, 41% on liquidity, 26% on profitability and 6% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 108 companies had the same profile as VALIMMO has now. Each dot is one company, two years later.
That fits the bankruptcy probability of VALIMMO itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 108 companies, not a prediction for VALIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.11 (0.11 in 2025), below 1. Short-term debt is 23% and cash 2.2% of total assets. 99.1% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 2 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.
| Company | ||||
|---|---|---|---|---|
| VALIMMO Ghent | €7.9m | €295,938 | 0.9% | - |
| LG Antwerp Brasschaat | €7.0m | €308,500 | 14.3% | 0.6 |
| IMMO PASTURE Beaumont | €8.6m | €258,140 | 88.9% | 0 |
| H.O.M.E. Antwerp | €7.5m | €341,769 | 0.6% | - |
| COGELO BIS Jette | €8.4m | €383,777 | 95.8% | - |
| De Boever Tom Erpe-Mere | €8.1m | €429,998 | 19.4% | - |
| POMECON Dendermonde | €9.3m | €480,831 | 56.3% | 2.4 |
These companies have the same main activity as VALIMMO: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €7m and €9.3m, founded between 2005 and 2011.
VALIMMO files the micro format. That format states no turnover. The gross margin rose from €20,298 in 2010 to €295,938 in 2026.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €340,000. Estimated: probably between €300,000 and €380,000.
Higher than 27% of 17,185 companies in 2025.
Higher than 12% of 16,482 companies in 2025.
Higher than 13% of 16,861 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
7.9m | 8.3m | 5.9m | 4.8m | 5.1m | 5.1m | 4.2m | 4.4m | 4.7m | 5.2m | 4.3m | 2.9m | 2.9m | 2.9m | 2.9m | 3.0m | 2.3m | |
21/28 |
7.8m | 8.2m | 5.7m | 4.5m | 4.8m | 4.6m | 3.7m | 3.9m | 4.2m | 4.6m | 3.7m | 2.5m | 2.6m | 2.6m | 2.7m | 2.9m | 2.3m | |
22/27 |
7.8m | 8.2m | 5.7m | 4.5m | 4.8m | 4.6m | 3.7m | 3.9m | 4.2m | 4.6m | 3.7m | 2.5m | 2.6m | 2.6m | 2.7m | 2.9m | 2.3m | |
22 |
7.8m | 8.2m | 5.7m | 4.5m | 4.8m | 4.6m | 3.7m | 3.9m | 4.2m | 4.6m | 3.7m | 2.5m | 2.6m | 2.6m | 2.7m | 2.9m | 2.3m | |
24 |
0 | 379 | 1,264 | 2,150 | 3,036 | 3,921 | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
196,334 | 151,810 | 131,776 | 375,456 | 339,430 | 482,077 | 496,636 | 500,431 | 531,340 | 602,799 | 584,156 | 434,754 | 351,485 | 349,297 | 271,136 | 164,377 | 8,695 | |
40/41 |
11,219 | 10,578 | 34,499 | 32,593 | 88,804 | 266,065 | 215,405 | 241,139 | 267,406 | 262,216 | 322,412 | 190,153 | 133,771 | 139,790 | 125,004 | 108,413 | 19 | |
40 |
11,219 | 7,386 | 3,441 | 5,971 | 88,804 | 87,488 | 49,580 | 93,246 | 136,740 | 105,578 | 214,020 | 101,449 | 64,253 | 78,610 | 84,993 | 84,672 | - | |
41 |
0 | 3,192 | 31,058 | 26,622 | 0 | 178,577 | 165,825 | 147,893 | 130,666 | 156,639 | 108,392 | 88,703 | 69,519 | 61,180 | 40,011 | 23,741 | 19 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | 150,000 | - | - | - | - | - | - | |
54/58 |
174,610 | 131,665 | 87,503 | 329,217 | 243,854 | 212,267 | 275,726 | 254,802 | 260,541 | 337,160 | 111,114 | 239,275 | 214,406 | 206,317 | 144,588 | 54,576 | 8,676 | |
490/1 |
10,506 | 9,568 | 9,775 | 13,646 | 6,772 | 3,745 | 5,505 | 4,490 | 3,393 | 3,424 | 630 | 5,326 | 3,308 | 3,190 | 1,544 | 1,388 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
7.9m | 8.3m | 5.9m | 4.8m | 5.1m | 5.1m | 4.2m | 4.4m | 4.7m | 5.2m | 4.3m | 2.9m | 2.9m | 2.9m | 2.9m | 3.0m | 2.3m | |
10/15 |
73,309 | 411,386 | 1.0m | 714,553 | 1.0m | 1.3m | 1.3m | 1.2m | 1.2m | 1.5m | 1.5m | 1.5m | 1.5m | 1.4m | 1.4m | 1.5m | 1.7m | |
10/11 |
2.6m | 2.6m | 2.6m | 1.9m | 1.9m | 1.9m | - | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | |
100 |
- | - | - | - | - | - | - | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | 1.9m | |
11 |
- | - | - | - | - | - | 1.9m | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 1.9m | - | - | - | - | - | - | - | - | - | - | |
14 |
-2.5m | -2.2m | -1.6m | -1.2m | -875,443 | -614,487 | -586,746 | -670,738 | -726,559 | -378,717 | -371,832 | -450,396 | -469,571 | -486,428 | -482,921 | -466,345 | -267,750 | |
17/49 |
7.9m | 7.9m | 4.8m | 4.1m | 4.1m | 3.8m | 2.9m | 3.2m | 3.5m | 3.6m | 2.8m | 1.5m | 1.5m | 1.5m | 1.5m | 1.6m | 625,103 | |
17 |
6.0m | 6.4m | 3.8m | 3.5m | 3.5m | 3.3m | 2.0m | 2.3m | 2.6m | 2.8m | 1.9m | 663,600 | 711,000 | 758,400 | 805,800 | 853,200 | 311,128 | |
170/4 |
6.0m | 6.4m | 3.8m | 3.5m | 3.5m | 3.3m | 2.0m | 2.3m | 2.6m | 2.8m | 1.9m | 663,600 | 711,000 | 758,400 | 805,800 | 853,200 | 311,128 | |
42/48 |
1.8m | 1.3m | 880,693 | 570,331 | 480,864 | 484,608 | 922,363 | 911,831 | 918,074 | 846,123 | 855,129 | 776,123 | 750,786 | 731,156 | 687,209 | 699,044 | 312,602 | |
42 |
361,402 | 415,678 | 303,484 | 262,794 | 262,794 | 260,733 | 227,400 | 227,400 | 227,400 | 227,400 | 92,400 | 47,400 | 47,400 | 47,400 | 47,400 | 47,400 | - | |
44 |
5,286 | 51,115 | 1,571 | 5,791 | 7,936 | 2,405 | 2,128 | 7,923 | 4,629 | 3,730 | 659 | 290 | 198 | 13,960 | 1,706 | 30,290 | 2,890 | |
440/4 |
5,286 | 51,115 | 1,571 | 5,791 | 7,936 | 2,405 | 2,128 | 7,923 | 4,629 | 3,730 | 659 | 290 | 198 | 13,960 | 1,706 | 30,290 | 2,890 | |
45 |
3,994 | 722 | 45,777 | 33,900 | 1,914 | 15,183 | 17,768 | 17,195 | 56,204 | 7,311 | 5,960 | 5,567 | 11,106 | 5,550 | 6,020 | 14,801 | - | |
450/3 |
3,994 | 722 | 45,777 | 33,900 | 1,914 | 15,183 | 17,768 | 17,195 | 56,204 | 7,311 | 5,960 | 5,567 | 11,106 | 5,550 | 6,020 | 14,801 | - | |
47/48 |
1.5m | 869,328 | 529,860 | 267,846 | 208,220 | 206,286 | 675,067 | 659,313 | 629,841 | 607,681 | 756,110 | 722,866 | 692,082 | 664,245 | 632,083 | 606,552 | 309,711 | |
492/3 |
18,660 | 186,193 | 115,706 | 91,368 | 67,705 | 51,163 | 26,403 | 26,812 | 23,789 | 25,800 | 16,114 | 16,750 | 17,244 | 16,651 | 18,068 | 11,809 | 1,373 | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,230 | - | - | |
9900 |
295,938 | 216,887 | 225,831 | 178,853 | 216,560 | 294,414 | 373,456 | 360,797 | 350,212 | 262,692 | 269,417 | 200,467 | 202,103 | 151,570 | 142,992 | 89,946 | 20,298 | |
630 |
490,250 | 528,319 | 364,927 | 326,705 | 325,932 | 223,359 | 206,589 | 219,705 | 613,082 | 168,594 | 128,912 | 130,733 | 132,871 | 100,259 | 109,911 | 236,052 | 282,770 | |
640/8 |
29,580 | 26,593 | 30,026 | 42,510 | 36,254 | 30,514 | 21,629 | 20,735 | 16,492 | 12,256 | 12,856 | 11,830 | 10,021 | 10,767 | 8,359 | 4,251 | 2,308 | |
9901 |
-223,893 | -338,025 | -169,123 | -190,362 | -145,626 | 40,541 | 145,239 | 120,357 | -279,361 | 81,842 | 127,650 | 57,904 | 59,211 | 40,544 | 24,722 | -150,357 | -264,780 | |
75/76B |
11 | 0 | 1 | 0 | 423 | 6,753 | 5,932 | 5,229 | 4,910 | 4,333 | 7,353 | 5,911 | 2,803 | 1,536 | 1,480 | 700 | 126 | |
75 |
11 | 0 | 1 | 0 | 423 | 6,753 | 5,932 | 5,229 | 4,910 | 4,333 | 7,353 | 5,911 | 2,803 | 1,536 | 1,480 | 700 | 126 | |
65/66B |
114,008 | 261,963 | 190,744 | 139,615 | 115,754 | 75,034 | 67,180 | 69,764 | 73,391 | 93,061 | 56,439 | 44,639 | 45,156 | 45,587 | 53,009 | 48,938 | 3,095 | |
65 |
114,008 | 261,963 | 190,744 | 139,615 | 115,754 | 75,034 | 67,180 | 69,764 | 73,391 | 93,061 | 56,439 | 44,639 | 45,156 | 45,587 | 53,009 | 48,938 | 3,095 | |
9903 |
-337,889 | -599,988 | -359,866 | -329,977 | -260,956 | -27,740 | 83,991 | 55,822 | -347,842 | -6,885 | 78,564 | 19,176 | 16,857 | -3,507 | -16,577 | -198,595 | -267,750 | |
67/77 |
187 | 204 | 110 | 27 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
-338,076 | -600,192 | -359,976 | -330,004 | -260,956 | -27,740 | 83,991 | 55,822 | -347,842 | -6,885 | 78,564 | 19,176 | 16,857 | -3,507 | -16,577 | -198,595 | -267,750 | |
9905 |
-338,076 | -600,192 | -359,976 | -330,004 | -260,956 | -27,740 | 83,991 | 55,822 | -347,842 | -6,885 | 78,564 | 19,176 | 16,857 | -3,507 | -16,577 | -198,595 | -267,750 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
-2.5m | -2.2m | -1.6m | -1.2m | -875,443 | -614,487 | -586,746 | -670,738 | -726,559 | -378,717 | -371,832 | -450,396 | -469,571 | -486,428 | -482,921 | -466,345 | -267,750 | |
14P |
-2.2m | -1.6m | -1.2m | -875,443 | -614,487 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 20-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 20-10-2026 | 2026-00571443 | |
| 31-03-2025 | micro format | 30-10-2025 | 2025-00562644 | |
| 31-03-2024 | micro format | 23-10-2024 | 2024-00518494 | |
| 31-03-2023 | micro format | 26-10-2023 | 2023-00497969 | |
| 31-03-2022 | micro format | 28-10-2022 | 2022-20478902 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76400482 | |
| 31-03-2020 | micro format | 09-11-2020 | 2020-69800470 | |
| 31-03-2019 | micro format | 30-10-2019 | 2019-72300439 | |
| 31-03-2018 | micro format | 29-10-2018 | 2018-70600437 | |
| 31-03-2017 | micro format | 29-11-2017 | 2017-70600452 | |
| 31-03-2016 | abbreviated format | 28-10-2016 | 2016-66600155 | |
| 31-03-2015 | abbreviated format | 30-09-2015 | 2015-61700240 | |
| 31-03-2014 | abbreviated format | 23-09-2014 | 2014-59600206 | |
| 31-03-2013 | abbreviated format | 31-10-2013 | 2013-64800533 | |
| 31-03-2012 | abbreviated format | 30-10-2012 | 2012-62300054 | |
| 31-03-2011 | abbreviated format | 04-11-2011 | 2011-59800281 | |
| 31-03-2010 | abbreviated format | 29-10-2010 | 2010-59100267 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 266,358 | 190,294 | 195,804 | 136,343 | 180,306 | 263,900 | 351,828 | 340,062 | 333,720 | 250,436 | 256,561 | 188,637 | 192,082 | 140,803 | 134,633 | 85,695 | 17,990 | ||
| 152,174 | -71,873 | 4,951 | -3,298 | 64,976 | 195,619 | 290,580 | 275,527 | 265,239 | 161,709 | 207,476 | 149,908 | 149,729 | 96,752 | 93,335 | 37,457 | 15,020 | ||
| 70,680 | 3.0m | 1.6m | 11,011 | 445,336 | 1.1m | 0 | 0 | 191,412 | 1.0m | 1.4m | 44,084 | 120,363 | 13,721 | 72,600 | 820,724 | 2.5m | ||
| 42,945 | 44,162 | -241,714 | 85,364 | 31,586 | -63,459 | 20,924 | -5,738 | -76,619 | 226,045 | -128,161 | 24,869 | 8,089 | 61,730 | 90,011 | 45,900 | - | ||
| -1.6m | -1.2m | -748,916 | -194,875 | -141,434 | -2,531 | -425,727 | -411,400 | -386,734 | -243,323 | -270,973 | -341,369 | -399,300 | -381,859 | -416,073 | -534,666 | -303,907 | ||
| 0.9% | 4.9% | 17.3% | 14.8% | 20.4% | 25.4% | 31.5% | 28.1% | 25.4% | 29.7% | 35.9% | 50.2% | 49.5% | 48.8% | 48.7% | 48.2% | 72.6% | ||
| 0.11 | 0.11 | 0.15 | 0.66 | 0.71 | 0.99 | 0.54 | 0.55 | 0.58 | 0.71 | 0.68 | 0.56 | 0.47 | 0.48 | 0.39 | 0.24 | 0.03 | ||
| - | 19.23 | 4.79 | 5.76 | 3.89 | 2.93 | 2.17 | 2.56 | 2.93 | 2.36 | 1.79 | 0.99 | 1.02 | 1.05 | 1.05 | 1.08 | 0.38 | ||
| -461.2% | -145.9% | -35.6% | -46.2% | -25.0% | -2.1% | 6.3% | 4.5% | -29.1% | -0.4% | 5.1% | 1.3% | 1.2% | -0.2% | -1.2% | -13.7% | -16.2% | ||
| -4.3% | -7.2% | -6.1% | -6.8% | -5.1% | -0.5% | 2.0% | 1.3% | -7.4% | -0.1% | 1.8% | 0.7% | 0.6% | -0.1% | -0.6% | -6.6% | -11.8% | ||
| 2.34 | 0.73 | 1.03 | 0.98 | 1.56 | - | - | - | - | - | - | - | - | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €7.9m, equity €73,309).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | - | €2.0m |
| €5.2m | €5.2m | €3.5m | €3.5m | - | |
| Carrying value of the mortgaged assets | €5.8m | €6.2m | €1.2m | €1.3m | €1.4m |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €70,680 | €3.0m | €1.6m | €11,011 | €445,336 |
| €490,250 | €528,319 | €364,927 | €326,705 | €325,932 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €223,893, smaller than the loss of €338,025 in 2025.
Debt's share of the balance-sheet total rises from 95.1% to 99.1%. Equity and debt are lower.
Source: lists of holdings in the owners' accounts
VALIMMO has no parent and no holdings in its annual accounts.
| MTH Robberechts
registered office since 22-03-2017 |
founded in 2017 0720.802.941 |
| Werkhuizen Sovalee via ROBBERECHTS Marie-Thérèse Maria Francine, no longer at Werkhuizen Sovalee · Director founded in 1982 |
7.3 FTE (2025) |
The network starts from the earlier ties.
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Ketelpoort 24 registered office 9000 Ghent | 05-11-2008 | 2.345.251.746 |
| 11-10-2022 | Granted | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen submitted 07-06-2022 · project 2022076999 | Eeklo |
| 22-04-2022 | Discontinued | Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning); Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen; Verwijderen van vrijstaande gebouwen submitted 18-03-2022 · project 2022027339 | Eeklo |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44805E1070/00K000 | 305 m² | 1 · 237 m² | 19.8 m · 6 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.