IMMOSTAR
ActiveIMMOSTAR has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-109k. Equity remains stable across the filed fiscal years (±2.1% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency3▼-9
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07 against 0.24 in 2024), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.9%
Return on assets
-14%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€109k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
2 d early
2023
26 d early
2022
27 d early
2021
2 d late
2020
53 d early
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-109k▼ 88.8%
2024 · €-58k
2018: €45k
2019: €201k
2020: €22k
2021: €-4k
2022: €-12k
2023: €4k
2024: €-58k
2018 → 2025
Working capital
€-261k▼ 81.5%
2024 · €-144k
2018: €-148k
2019: €-3k
2020: €46k
2021: €62k
2022: €68k
2023: €-103k
2024: €-144k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€212k-€201k▼ 5.5%€204k▲ 1.9%€147k▼ 28.1%€38k▼ 73.9%
Operating result€-3k-€-11k▼ 215%€6k€-47k€-95k▼ 102%
Net result€-4k-€-12k▼ 171%€4k€-58k€-109k▼ 88.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €95k in 2025 against €47k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €776k
Fixed assets
€758k▼ 3.5%
Current assets
€18k▼ 60.8%
Equity and liabilities €776k
Equity
€38k▼ 73.9%
Provisions
€83k▼ 3.1%
Debt
€655k▲ 9.2%
The debt ratio rises from 72.0% to 84.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-56k▼
2024 · €11k
Cash flow
€-70k▼
2024 · €24
Solvency
4.9%▼
2024 · 17.7%
Current ratio
0.07▼
2024 · 0.24
Quick ratio
0.07▼
2024 · 0.24
Debt / equity
17.08▲
2024 · 4.08
ROE
-283.4%▼
2024 · -39.2%
ROA
-14.0%▼
2024 · -6.9%
Interest coverage
-3.29▼
2024 · 0.71
Debt
€655k▲
2024 · €599k
Debt ≤ 1 year
€279k▲
2024 · €190k
Debt > 1 year
€374k▼
2024 · €409k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€832k€776k▼
Fixed assets21/28€786k€758k▼
Tangible fixed assets22/27€786k€758k▼
Land and buildings22€786k€758k▼
Current assets29/58€46k€18k▼
Amounts receivable within one year40/41€34k€11k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€29k€8k▼
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€10k€2k▼
Equity and liabilities
Total equity and liabilities10/49€832k€776k▼
Equity10/15€147k€38k▼
Contributions10/11€140k€140k=
Capital10€140k€140k=
Issued capital100€140k€140k=
Reserves13€251k€245k▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€204k€198k▼
Distributable reserves133€39k€39k=
Profit (loss) carried forward14€-244k€-347k▼
Provisions and deferred taxes16€86k€83k▼
Deferred taxes168€86k€83k▼
Amounts payable17/49€599k€655k▲
Amounts payable after more than one year17€409k€374k▼
Financial debts170/4€409k€374k▼
Amounts payable within one year42/48€190k€279k▲
Current portion of amounts payable after more than one year42€35k€36k▲
Trade debts44€12k€21k▲
Suppliers440/4€12k€21k▲
Other amounts payable47/48€143k€222k▲
Accrued charges and deferred income492/3€0€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€39k▼
Other operating charges640/8€12k€13k▲
Gross operating margin9900€22k€-43k▼
Operating profit (loss)9901€-47k€-95k▼
Financial income75/76B€2k€411▼
Recurring financial income75€2k€411▼
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€-60k€-111k▼
Transfer from deferred taxes780€3k€3k=
Profit (loss) for the period9904€-58k€-109k▼
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€-51k€-102k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-244k€-347k▼
Profit (loss) brought forward from the previous period14P€-193k€-244k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Permanent representative3 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Permanent representative3 facts ▸
- General meeting, 2026-06-30
- Director reappointment, INGWER (bestuurder)
- Permanent representative, Maertens Igor
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €-109k
Net result drops to €-109k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 2 days late
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 5current ratio 5.10
Current ratio from 0.98 to 5.10; short-term debt falls from €142k to €11k.
31-12
Financial
Equity above €200kEq €217k ▲11.3%
3 profitable years in a row build equity to €217k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €201k ▲351%
Operating result €328k, net result €201k, both a record.
31-12
Financial
Equity above €150kEq €195k
2 profitable years in a row build equity to €195k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Location & real-estate footprint
Registered office, Zemst · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brouwershof 71980 ZemstGround area
1,459 m²
Building footprint
297 m²
Volume, LiDAR
1,577 m³
Parcel 23020C0085/00Y000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Brouwershof 7, 1980 Zemst
since 20002.059.645.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23020C0085/00Y000 | Flanders | 1,459 m² | 1 · 297 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Ownership & control
1 partyControl over this companysits on this company's board1
5 subsidiaries · 1 location
controls
IMMOSTARBE 0448.591.643
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-10-1992
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.