IMMOCAP
ActiveIMMOCAP has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €6k. Equity is growing by ~49.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-11
Solvency35▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.52 against 0.49 in 2024; short-term debt: 87.6% and cash: 38.5% of total assets), and 90.1% 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
9.9%
Return on assets
3%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
26 d late
2023
20 d early
2022
19 d early
2021
46 d early
2020
57 d early
2019
45 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€21k▲ 42.7%
2024 · €15k
2018: €-67k
2019: €-65k
2020: €-53k
2021: €-30k
2022: €-27k
2023: €-8k
2024: €15k
2018 → 2025
Total assets
€211k▲ 6.3%
2024 · €198k
2018: €155k
2019: €143k
2020: €140k
2021: €141k
2022: €169k
2023: €180k
2024: €198k
2018 → 2025
Net result
€6k▼ 73.0%
2024 · €23k
2018: €9k
2019: €1k
2020: €12k
2021: €23k
2022: €4k
2023: €18k
2024: €23k
2018 → 2025
Working capital
€-89k▼ 8.9%
2024 · €-82k
2018: €-122k
2019: €-121k
2020: €-109k
2021: €-87k
2022: €-141k
2023: €-118k
2024: €-82k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-30k-€-27k▲ 11.9%€-8k▲ 68.0%€15k€21k▲ 42.7%
Operating result€26k-€7k▼ 74.7%€20k▲ 193%€24k▲ 24.5%€7k▼ 72.4%
Net result€23k-€4k▼ 84.5%€18k▲ 404%€23k▲ 27.9%€6k▼ 73.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211k
Fixed assets
€115k▼ 2.2%
Current assets
€95k▲ 18.8%
Equity and liabilities €211k
Equity
€21k▲ 42.7%
Debt
€190k▲ 3.4%
The debt ratio falls from 92.6% to 90.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▼
2024 · €44k
Cash flow
€27k▼
2024 · €43k
Solvency
9.9%▲
2024 · 7.4%
Current ratio
0.52▲
2024 · 0.49
Quick ratio
0.52▲
2024 · 0.49
Debt / equity
9.12▼
2024 · 12.59
ROE
29.9%▼
2024 · 158.1%
ROA
3.0%▼
2024 · 11.6%
Interest coverage
26.42▼
2024 · 35.07
Debt
€190k▲
2024 · €184k
Debt ≤ 1 year
€185k▲
2024 · €162k
Debt > 1 year
€5k▼
2024 · €12k
Income taxes
€0
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€198k€211k▲
Fixed assets21/28€118k€115k▼
Tangible fixed assets22/27€118k€115k▼
Land and buildings22€31k€22k▼
Plant, machinery and equipment23€87k€93k▲
Current assets29/58€80k€95k▲
Amounts receivable within one year40/41€845€13k▲
Trade receivables40€845€13k▲
Cash at bank and in hand54/58€65k€81k▲
Deferred charges and accrued income490/1€15k€872▼
Equity and liabilities
Total equity and liabilities10/49€198k€211k▲
Equity10/15€15k€21k▲
Contributions10/11€134k€134k=
Outside capital11€134k€134k=
Other1109/19€134k€134k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Profit (loss) carried forward14€-127k€-120k▲
Amounts payable17/49€184k€190k▲
Amounts payable after more than one year17€12k€5k▼
Financial debts170/4€12k€5k▼
Amounts payable within one year42/48€162k€185k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€198€13k▲
Suppliers440/4€198€13k▲
Other amounts payable47/48€156k€165k▲
Accrued charges and deferred income492/3€9k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€47k€31k▼
Operating profit (loss)9901€24k€7k▼
Financial income75/76B€3€551▲
Recurring financial income75€3€551▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€23k€6k▼
Income taxes67/77-€0
Profit (loss) for the period9904€23k€6k▼
Profit (loss) for the period to be appropriated9905€23k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-127k€-120k▲
Profit (loss) brought forward from the previous period14P€-150k€-127k▲
The notes to these accounts (7 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
15-07
State Gazette act
RestructuringBoard meeting · Merger · Accounting effect5 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Accounting effect5 facts ▸
- Board meeting, 2026-06-08
- Merger, absorption, 2026-01-01
- Accounting effect, 2026-01-01
- Shareholding, 541, 100%
- Merger consequence, no shares of the absorbing company issued to shareholders of the absorbed company in exchange for their shares
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €23k ▲88.7%
Operating result €26k, net result €23k, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Weakest financial yearnet €1k ▼84%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Incourt
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.
Rue Bois des Queues 7a1315 IncourtGround area
1.6 ha
Building footprint
145 m²
Parcel 25086A0608/00P000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086A0608/00P000 | Wallonia | 1.6 ha | 1 · 145 m² | - |
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
Acquisitions and mergers
1 transactionTaken over by:DEPRO SRL
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-1992
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.