Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 9 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, micro). It does better than 10% of them on solvency, 29% on liquidity, 4% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 7,639 companies had the same profile as WALL IMMO has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of WALL IMMO itself is lower: 0.9% within 12 months. It rests on far more data about WALL IMMO than the profile alone.
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 7,639 companies, not a prediction for WALL IMMO. 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.
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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 2 accounts on average 11 days after 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 | ||||
|---|---|---|---|---|
| WALL IMMO Awans | €1,342 | -€602 | -21.3% | - |
| O’lifeimmo Zaventem | €1,328 | -€767 | -239.1% | - |
| LAEBENS REAL ESTATE Zwevegem | €2,073 | -€2,706 | 100.0% | - |
| JOTAV Wevelgem | €2,252 | -€13,784 | -1427.5% | - |
| FALCONARA Wavre | €975 | -€1,115 | -446.7% | - |
| OXYZEN INSPIRATION La Hulpe | €936 | €1,264 | -1651.5% | - |
| Lebrun Partners Immo Fauvillers | €2,634 | €2,053 | 99.5% | - |
These companies have the same main activity as WALL IMMO: 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 €936 and €2,630, founded between 2019 and 2024.
WALL IMMO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€286) and a net result of -€1,453.
Its solvency ranks better than 10% of 17,194 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
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.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
1,342 | 2,012 | |
20 |
1,056 | 1,408 | |
29/58 |
286 | 604 | |
40/41 |
186 | 342 | |
41 |
186 | 342 | |
54/58 |
100 | 262 | |
| Balance sheet: equity and liabilities | |||
10/49 |
1,342 | 2,012 | |
10/15 |
-286 | 1,167 | |
10/11 |
3,000 | 3,000 | |
14 |
-3,286 | -1,833 | |
17/49 |
1,628 | 845 | |
17 |
1,000 | - | |
170/4 |
1,000 | - | |
42/48 |
628 | 845 | |
44 |
628 | 845 | |
440/4 |
628 | 845 | |
| Income statement | |||
9900 |
-602 | -662 | |
630 |
352 | 352 | |
640/8 |
400 | 772 | |
9901 |
-1,354 | -1,786 | |
65/66B |
100 | 47 | |
65 |
100 | 47 | |
9903 |
-1,453 | -1,833 | |
9904 |
-1,453 | -1,833 | |
9905 |
-1,453 | -1,833 | |
| Appropriation of the result | |||
9906 |
-3,286 | -1,833 | |
14P |
-1,833 | - | |
| Document | |||
The notes to these accounts have 2 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 2025 at the NBB, filed on 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424808.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -1,002 | -1,433 | ||
| -1,101 | -1,481 | ||
| 0 | - | ||
| -162 | - | ||
| -342 | -241 | ||
| -10.04 | -30.49 |
The ratios are withheld because a balance sheet total of €1,342 is too small for a meaningful ratio.
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.
The operating result for 2025 is a loss of €1,354, smaller than the loss of €1,786 in 2024.
Equity is negative. Debt (€1,628) exceeds the balance-sheet total (€1,342).
WALL IMMO has no parent and no holdings in its annual accounts. BLÉTARD Jérôme Jean-Pierre Brigitte is the only director.
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| J&R FINANCE via BLÉTARD Jérôme Jean-Pierre Brigitte, no longer at J&R FINANCE · Director (not named in the articles) · deed of 30-01-2020 founded in 2020 |
total assets €1.7m (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
WALL IMMO was incorporated on 5 September 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 BLÉTARD Jérôme Jean-Pierre Brigitte is director of the company, appointed by deed of 07-09-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Rue Chaussée 58 registered office 4342 Awans | 05-09-2023 | 2.349.747.992 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62053A0110/00P002 | 2,455 m² | 1 · 307 m² | 13.9 m · 4 |
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