Checked.be
Active
BE 0696.677.556Private limited company
BURG IMMO
Rue de l'Institut,Differt 54 ·6780 Messancy, Belgium· 8 yrs active
Sector: Personal service activities
(96302)
Conclusion
BURG IMMO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €139k and a net result of €284. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 22% of 30 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €139k |
| Net result | €284 |
| Better than sector | 22% |
| Active | 8 yrs |
Financial profile
43
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
31
Profitability
1
Solvency
4
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
31
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
18
2022
23
2023
51
2024
31
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.01 (< 1.0)
-10
Quick ratio
Quick ratio 0.01 (< 0.6)
-5
Leverage
Debt/equity 14.26 (> 3.0)
-10
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 2.5×
+3
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 21-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~4.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 96, Personal service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.6% | 35.5% | |
| Net result | €284 | €9k | |
| Equity | €139k | €53k | |
| Gross operating margin | €143k | €158k | |
| Total assets | €2.12M | €269k |
€130k
-1.1%
22-25
€284
-98.3%
22-25
€78k
-14.9%
22-25
€2.12M
+2.9%
22-25
€139k
+0.2%
22-25
€-774k
-2.5%
22-25
€1.98M
+3.1%
22-25
€780k
+2.2%
22-25
€1.20M
+3.6%
22-25
0.01
-30.0%
22-25
0.01
-30.0%
22-25
6.6%
-2.7%
22-25
14.26
+2.9%
22-25
0.2%
-98.3%
22-25
0.0%
-98.3%
22-25
2.48
-24.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €130k | €132k | €113k | €108k |
| Net profit | €284 | €17k | €-2k | €-23k |
| Cash flow | €78k | €92k | €72k | €51k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €2.12M | €2.06M | €2.12M | €2.15M |
| Equity | €139k | €138k | €122k | €123k |
| Debt | €1.98M | €1.92M | €1.99M | €2.03M |
| of which ≤ 1y | €780k | €763k | €764k | €727k |
| of which > 1y | €1.20M | €1.16M | €1.23M | €1.30M |
| Working capital | €-774k | €-755k | €-761k | €-725k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.01 | 0.01 | 0.00 | 0.00 |
| Quick ratio | 0.01 | 0.01 | 0.00 | 0.00 |
| Working capital ratio | -36.6% | -36.7% | -36.0% | -33.7% |
| Solvency | 6.6% | 6.7% | 5.8% | 5.7% |
| Debt / equity | 14.26 | 13.86 | 16.38 | 16.44 |
| Long-term debt ratio | 8.63 | 8.35 | 10.09 | 10.53 |
| Interest coverage | 2.48 | 3.27 | 2.75 | 1.90 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 0.0% | 0.8% | -0.1% | -1.1% |
| ROE | 0.2% | 12.0% | -1.4% | -18.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.12M | €2.06M | €2.12M | €2.15M |
| Fixed assets | 21/28 | €2.11M | €2.05M | €2.11M | €2.15M |
| Tangible fixed assets | 22/27 | €2.11M | €2.05M | €2.11M | €2.15M |
| Financial fixed assets | 28 | - | €1k | €2k | €2k |
| Current assets | 29/58 | €5k | €7k | €3k | €2k |
| Amounts receivable within one year | 40/41 | €4k | €3k | €930 | €932 |
| Cash & bank | 54/58 | €328 | €4k | €1k | €1k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.12M | €2.06M | €2.12M | €2.15M |
| Equity | 10/15 | €139k | €138k | €122k | €123k |
| Contributions / capital | 10/11 | €311k | €311k | €311k | €311k |
| Accumulated profits (losses) | 14 | €-172k | €-172k | €-189k | €-187k |
| Amounts payable | 17/49 | €1.98M | €1.92M | €1.99M | €2.03M |
| Amounts payable after one year | 17 | €1.20M | €1.16M | €1.23M | €1.30M |
| Amounts payable within one year | 42/48 | €780k | €763k | €764k | €727k |
| Trade debts payable within one year | 44 | €5k | €6k | €4k | €49 |
| Income statement | |||||
| Gross operating margin | 9900 | €143k | €144k | €124k | €117k |
| Operating result | 9901 | €53k | €57k | €39k | €34k |
| Financial charges | 65 | €52k | €40k | €41k | €57k |
| Result before taxes | 9903 | €284 | €17k | €-2k | €-23k |
| Net result for the period | 9904 | €284 | €17k | €-2k | €-23k |
| Result to be appropriated | 9905 | €284 | €17k | €-2k | €-23k |
Legal Structure
| NACE primary | Personal service activities(96302) |
| Legal form | Private limited company(610) |
| Incorporation | 22-05-2018 |
| Status | Active |
| Postal code | 6780 |
Establishment units
BURG IMMO
since 20182.297.595.052
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81015D0108/00C000 | Wallonia | 7,190 m² | - | - |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Personal service activities96302
Names & trade names
| Legal nameFR | BURG IMMO |
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