Immocar · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Immocar is 0.4% (very low). The 2023 annual accounts show equity of €3.50M and a net result of €-141k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 88% of 656 sector peers (fiscal year 2023). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 88% of 656 peers (2023). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 378 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	30-09-2024	61 d late	2024-00486659
31-12-2022	31-07-2023	11-09-2023	42 d late	2023-00446449
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20425244
31-12-2020	31-07-2021	27-08-2021	27 d late	2021-55400092
31-12-2019	31-07-2020	29-10-2020	90 d late	2020-67300467
31-12-2018	31-07-2019	29-09-2019	60 d late	2019-67500404
31-12-2017	31-07-2018	27-08-2018	27 d late	2018-51200424
31-12-2016	31-07-2017	30-08-2017	30 d late	2017-51800365
31-12-2015	31-07-2016	23-08-2016	23 d late	2016-46400299
31-12-2014	31-07-2015	24-08-2015	24 d late	2015-47000179

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1987, 39 years in business.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€0

EBIT margin74.1%

Net result€-141k

Working capital€999k-7.9%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 6 fiscal years (±0.3%/year).

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 2023 · NACE 68, Real estate activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	86.4%	16.6%	better than 88% of 656 sector peers
Net result	€-141k	€-1k	better than 15% of 652 sector peers
Equity	€3.50M	€159k	better than 84% of 656 sector peers
Gross operating margin	€109k	€44k	better than 65% of 498 sector peers
Total assets	€4.05M	€1.76M	better than 67% of 656 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P88

Stable position over 2020-2023 · n=271-656

Net result P15

Stable position over 2020-2023 · n=270-652

Equity P84

Stable position over 2020-2023 · n=272-656

Gross operating margin P65

Improving position over 2020-2023 · n=175-498

Describes the position versus peers, not a forecast.

Revenue

€0

- 18-23

EBITDA

€-15k

+80.7% 18-23

Net profit

€-141k

- 18-23

Cash flow

€-22k

- 18-23

Total assets

€4.05M

-6.0% 18-23

Equity

€3.50M

-3.7% 18-23

Working capital

€999k

-7.9% 18-23

Income taxes

€9k

-62.3% 18-23

Debt

€476k

-19.6% 18-23

Debt ≤ 1y

€476k

-10.5% 18-23

Current ratio

3.10

+2.0% 18-23

Quick ratio

3.10

+2.0% 18-23

Solvency

86.4%

+2.4% 18-23

Debt / equity

0.14

-16.4% 18-23

ROE

-4.0%

- 18-23

ROA

-3.5%

- 18-23

Net margin

303.0%

- 18-23

EBITDA margin

88.0%

- 18-23

Interest coverage

-2.54

+98.9% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	volledig
Revenue	€0
EBITDA	€-15k
Net profit	€-141k
Cash flow	€-22k
Staff costs	-
Income taxes	€9k
Dividends	-
Total assets	€4.05M
Equity	€3.50M
Debt	€476k
of which ≤ 1y	€476k
of which > 1y	-
Working capital	€999k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	3.10
Quick ratio	3.10
Working capital ratio	24.7%
Solvency	86.4%
Debt / equity	0.14
Long-term debt ratio	-
Interest coverage	-2.54
Gross margin	-
Net margin	-
ROA	-3.5%
ROE	-4.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €2.57M · 63.6% Current assets €1.48M · 36.5%

Equity & liabilities

Equity €3.50M · 86.4% Provisions €74k · 1.8% Debt €476k · 11.8%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€4.05M
Fixed assets	21/28	€2.57M
Tangible fixed assets	22/27	€2.57M
Current assets	29/58	€1.48M
Amounts receivable within one year	40/41	€1.44M
Cash & bank	54/58	€39k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€4.05M
Equity	10/15	€3.50M
Contributions / capital	10/11	€71k
Reserves	13	€768k
Accumulated profits (losses)	14	€2.66M
Provisions & deferred taxes	16	€74k
Amounts payable	17/49	€476k
Amounts payable within one year	42/48	€476k
Trade debts payable within one year	44	€17k
Income statement
Turnover	70	€0
Gross operating margin	9900	€109k
Operating result	9901	€-134k
Financial income	75	€0
Financial charges	65	€6k
Result before taxes	9903	€-140k
Income taxes	67/77	€9k
Net result for the period	9904	€-141k
Result to be appropriated	9905	€-125k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

52 / 100 Fair

050100

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.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Triomflaan 1031160 Oudergem

Establishment units

1 location

IMMOCAR SA

Triomflaan 103, 1160 OudergemFokken en houden van melkvee

since 19872.031.838.610

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area3,393 m²

Buildings1

Building footprint579 m²

Volume (LiDAR)7,321 m³

Tallest building18.3 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21002A0193/00W002	Brussels	3,393 m²	1 · 579 m²	18.3 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

61 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 52

Profitability 0

Solvency 100

Growth 52

Stability 100

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 1,097 of the 11,936 companies in this sector. 387 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201

Primary activity highlighted.

Names & trade names

Legal nameFR

Immocar

Registered office

Triomflaan 103

1160 Oudergem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.