IMMO - WEST
ActiveIMMO - WEST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.38M and a net result of €27k. Equity is growing by ~11.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency100=
Growth69▲+17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410k at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.08 in 2024; short-term debt: 3.1% and cash: 0.2% of total assets), and 3.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.9%
Return on assets
0.5%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
29 d early
2023
16 d early
2022
11 d early
2021
19 d early
2020
5 d early
2019
15 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€93k=
2020 · €93k
2018: €80k
2019: €93k
2020: €93k
2018 → 2021
EBIT margin
43.7%▲ 9.9pp
2020 · 33.8%
2018: 37.0%
2019: 43.9%
2020: 33.8%
2018 → 2021
Net result
€27k▲ 217%
2024 · €8k
2018: €20k
2019: €28k
2020: €23k
2021: €30k
2022: €30k
2023: €25k
2024: €8k
2018 → 2025
Working capital
€-159k▲ 30.9%
2024 · €-229k
2018: €-477k
2019: €-409k
2020: €-367k
2021: €-320k
2022: €-248k
2023: €-206k
2024: €-229k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€93k-
Equity€1.85M-€1.88M▲ 1.6%€1.91M▲ 1.3%€1.92M▲ 0.4%€5.38M▲ 180%
Operating result€41k-€42k▲ 3.0%€35k▼ 15.5%€17k▼ 52.1%€30k▲ 76.4%
Net result€30k-€30k▲ 0.2%€25k▼ 15.0%€8k▼ 66.6%€27k▲ 217%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 76% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.55M
Fixed assets
€5.54M▲ 158%
Current assets
€15k▼ 21.5%
Equity and liabilities €5.55M
Equity
€5.38M▲ 180%
Debt
€174k▼ 30.1%
The debt ratio falls from 11.5% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▲
2024 · €70k
Cash flow
€80k▲
2024 · €62k
Solvency
96.9%▲
2024 · 88.5%
Current ratio
0.09▲
2024 · 0.08
Quick ratio
0.09▲
2024 · 0.08
Debt / equity
0.03▼
2024 · 0.13
ROE
0.5%▲
2024 · 0.4%
ROA
0.5%▲
2024 · 0.4%
Interest coverage
2581.59▲
2024 · 2460.63
Debt
€174k▼
2024 · €248k
Debt ≤ 1 year
€174k▼
2024 · €248k
Income taxes
€3k▼
2024 · €8k
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€2.17M€5.55M▲
Fixed assets21/28€2.15M€5.54M▲
Tangible fixed assets22/27€2.15M€5.54M▲
Land and buildings22€2.11M€5.50M▲
Plant, machinery and equipment23-€9k
Other tangible fixed assets26€38k€35k▼
Current assets29/58€19k€15k▼
Cash at bank and in hand54/58€13k€9k▼
Deferred charges and accrued income490/1€6k€6k=
Equity and liabilities
Total equity and liabilities10/49€2.17M€5.55M▲
Equity10/15€1.92M€5.38M▲
Contributions10/11€1.45M€1.45M=
Capital10€1.45M€1.45M=
Issued capital100€1.45M€1.45M=
Revaluation surpluses12-€3.44M
Reserves13€8k€9k▲
Non-distributable reserves130/1€8k€9k▲
Legal reserve130€8k€9k▲
Profit (loss) carried forward14€458k€484k▲
Amounts payable17/49€248k€174k▼
Amounts payable within one year42/48€248k€174k▼
Trade debts44€229k€161k▼
Suppliers440/4€229k€161k▼
Taxes, remuneration and social security45€19k€13k▼
Taxes450/3€19k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€53k▼
Other operating charges640/8€15k€16k▲
Gross operating margin9900€85k€99k▲
Operating profit (loss)9901€17k€30k▲
Financial charges65/66B€29€32▲
Recurring financial charges65€29€32▲
Profit (loss) for the period before taxes9903€17k€30k▲
Income taxes67/77€8k€3k▼
Profit (loss) for the period9904€8k€27k▲
Profit (loss) for the period to be appropriated9905€8k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€459k€485k▲
Profit (loss) brought forward from the previous period14P€450k€458k▲
Transfer to equity691/2€423€1k▲
To the legal reserve6920€423€1k▲
The notes to these accounts (6 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €5MEq €5.38M ▲180%
8 profitable years in a row build equity to €5.38M.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €8k ▼66.6%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €30k ▲0.2%
Operating result €42k, net result €30k, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hulshout · 1 establishment unit since 1993
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.
Stationsstraat 1052235 HulshoutGround area
1,156 m²
Building footprint
203 m²
Volume, LiDAR
682 m³
Parcel 13050B0341/00A002, Flanders · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 105, 2235 Hulshout
since 19932.059.804.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0341/00A002 | Flanders | 1,156 m² | 1 · 203 m² | 4.0 m · 1 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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-11-1992
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.