Immoco
ActiveSummary
Immoco has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.66M and a net result of €335k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 57% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-1
Solvency71▲+8
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €430k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.34 in 2024; short-term debt: 13.6% and cash: 10.2% of total assets), and 53.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
46.4%
Return on assets
2.7%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
7 d early
2023
2 d early
2022
32 d early
2021
53 d early
2020
44 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 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
€335k▼ 28.2%
2024 · €467k
2018: €50k
2019: €140k▲ +178% vs 2018
2020: €147k▲ +5.4% vs 2019
2021: €-336k▼ -329% vs 2020lowest in 8 years
2022: €229k▲ +168% vs 2021
2023: €1.64M▲ +614% vs 2022highest in 8 years
2024: €467k▼ -71.4% vs 2023
2025: €335k▼ -28.2% vs 2024
2018 → 2025
Working capital
€-55k
2024 · €959k
2018: €1.83M
2019: €2.04M▲ +11.4% vs 2018highest in 8 years
2020: €-1.18M▼ -158% vs 2019
2021: €-1.63M▼ -38.6% vs 2020lowest in 8 years
2022: €-1.19M▲ +27.2% vs 2021
2023: €1.33M▲ +212% vs 2022
2024: €959k▼ -27.8% vs 2023
2025: €-55k▼ -106% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.62M-€3.85M▲ 6.3%€5.49M▲ 42.4%€5.32M▼ 3.0%€5.66M▲ 6.3%
2021: €3.62Mlowest in 5 years
2022: €3.85M▲ +6.3% vs 2021
2023: €5.49M▲ +42.4% vs 2022
2024: €5.32M▼ -3.0% vs 2023
2025: €5.66M▲ +6.3% vs 2024highest in 5 years
Operating result€-255k-€351k€2.31M▲ 559%€692k▼ 70.1%€526k▼ 24.0%
2021: €-255klowest in 5 years
2022: €351k▲ +238% vs 2021
2023: €2.31M▲ +559% vs 2022highest in 5 years
2024: €692k▼ -70.1% vs 2023
2025: €526k▼ -24.0% vs 2024
Net result€-336k-€229k€1.64M▲ 614%€467k▼ 71.4%€335k▼ 28.2%
2021: €-336klowest in 5 years
2022: €229k▲ +168% vs 2021
2023: €1.64M▲ +614% vs 2022highest in 5 years
2024: €467k▼ -71.4% vs 2023
2025: €335k▼ -28.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.20M
Fixed assets
€10.61M ▲ 5.0%
Current assets
€1.60M ▼ 57.5%
Equity and liabilities €12.20M
Equity
€5.66M ▲ 6.3%
Provisions
€474k ▼ 8.0%
Debt
€6.07M ▼ 24.3%
Debt's share of the balance-sheet total falls from 57.9% to 49.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.45M▼
2024 · €1.47M
Cash flow
€1.26M▲
2024 · €1.24M
Current ratio
0.97▼
2024 · 1.34
Debt to equity
1.07▼
2024 · 1.51
ROE
5.9%▼
2024 · 8.8%
ROA
2.7%▼
2024 · 3.4%
Interest coverage
20.28▲
2024 · 14.67
Debt ≤ 1 year
€1.65M▼
2024 · €2.80M
Debt > 1 year
€4.36M▼
2024 · €5.10M
Income taxes
€167k▼
2024 · €220k
Staff costs
€114k▲
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13.86M€12.20M▼
Fixed assets21/28€10.10M€10.61M▲
Tangible fixed assets22/27€10.10M€10.60M▲
Land and buildings22€10.05M€10.43M▲
Plant, machinery and equipment23€6k€2k▼
Furniture and vehicles24€44k€172k▲
Other tangible fixed assets26€19€19=
Financial fixed assets28€2k€2k=
Current assets29/58€3.76M€1.60M▼
Amounts receivable within one year40/41€869k€277k▼
Trade receivables40€317k€148k▼
Other amounts receivable41€552k€129k▼
Cash at bank and in hand54/58€2.84M€1.24M▼
Deferred charges and accrued income490/1€52k€78k▲
Equity and liabilities
Total equity and liabilities10/49€13.86M€12.20M▼
Equity10/15€5.32M€5.66M▲
Contributions10/11€2.04M€2.04M=
Capital10€2.04M€2.04M=
Issued capital100€2.04M€2.04M=
Revaluation surpluses12€121k€121k=
Reserves13€3.17M€3.50M▲
Non-distributable reserves130/1€204k€204k=
Legal reserve130€204k€204k=
Tax-exempt reserves132€1.58M€1.45M▼
Distributable reserves133€1.39M€1.85M▲
Provisions and deferred taxes16€516k€474k▼
Deferred taxes168€516k€474k▼
Amounts payable17/49€8.02M€6.07M▼
Amounts payable after more than one year17€5.10M€4.36M▼
Financial debts170/4€5.10M€4.36M▼
Amounts payable within one year42/48€2.80M€1.65M▼
Current portion of amounts payable after more than one year42€729k€738k▲
Trade debts44€295k€92k▼
Suppliers440/4€295k€92k▼
Taxes, remuneration and social security45€341k€257k▼
Taxes450/3€320k€233k▼
Remuneration and social security454/9€21k€24k▲
Other amounts payable47/48€1.44M€568k▼
Accrued charges and deferred income492/3€121k€59k▼
Income statement
Code20242025
Non-recurring operating income76A€10k€2k▼
Remuneration, social security and pensions62€109k€114k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€776k€920k▲
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€6k-
Gross operating margin9900€1.59M€1.56M▼
Operating profit (loss)9901€692k€526k▼
Financial income75/76B€53k€6k▼
Recurring financial income75€53k€6k▼
Financial charges65/66B€100k€71k▼
Recurring financial charges65€100k€71k▼
Profit (loss) for the period before taxes9903€645k€461k▼
Transfer from deferred taxes780€41k€41k=
Income taxes67/77€220k€167k▼
Profit (loss) for the period9904€467k€335k▼
Transfer from tax-exempt reserves789€124k€124k=
Profit (loss) for the period to be appropriated9905€591k€459k▼
Appropriation of the result
Profit (loss) to be appropriated9906€591k€459k▼
Transfer from equity791/2€159k-
Transfer to equity691/2-€459k
To other reserves6921-€459k
Profit to be distributed694/7€750k-
Return on contributions (dividend)694€750k-
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2.04M | €10k | €2k | ▼ 81.6% |
| Remuneration, social security and pensions62 | €83k | €93k | €106k | €109k | €114k | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.63M | €906k | €814k | €776k | €920k | ▲ 18.5% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €3k | ▲ 111% |
| Non-recurring operating charges66A | - | - | - | €6k | - | - |
| Gross operating margin9900 | €1.46M | €1.35M | €3.24M | €1.59M | €1.56M | ▼ 1.4% |
| Operating profit (loss)9901 | €-255k | €351k | €2.31M | €692k | €526k | ▼ 24.0% |
| Financial income75/76B | €21k | €1k | €6k | €53k | €6k | ▼ 87.8% |
| Recurring financial income75 | €21k | €1k | €6k | €53k | €6k | ▼ 87.8% |
| Financial charges65/66B | €119k | €138k | €122k | €100k | €71k | ▼ 28.8% |
| Recurring financial charges65 | €119k | €138k | €122k | €100k | €71k | ▼ 28.8% |
| Profit (loss) for the period before taxes9903 | €-353k | €214k | €2.20M | €645k | €461k | ▼ 28.6% |
| Transfer from deferred taxes780 | €17k | €17k | €85k | €41k | €41k | = |
| Transfer to deferred taxes680 | - | - | €492k | - | - | - |
| Income taxes67/77 | €370 | €2k | €156k | €220k | €167k | ▼ 23.9% |
| Profit (loss) for the period9904 | €-336k | €229k | €1.64M | €467k | €335k | ▼ 28.2% |
| Transfer from tax-exempt reserves789 | €50k | €50k | €254k | €124k | €124k | = |
| Transfer to tax-exempt reserves689 | - | - | €1.48M | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-286k | €279k | €414k | €591k | €459k | ▼ 22.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.58M | €13.07M | €14.16M | €13.86M | €12.20M | ▼ 11.9% |
| Fixed assets21/28 | €12.54M | €11.79M | €10.55M | €10.10M | €10.61M | ▲ 5.0% |
| Tangible fixed assets22/27 | €12.54M | €11.79M | €10.54M | €10.10M | €10.60M | ▲ 5.0% |
| Land and buildings22 | €12.34M | €11.64M | €10.48M | €10.05M | €10.43M | ▲ 3.8% |
| Plant, machinery and equipment23 | €53k | €31k | €14k | €6k | €2k | ▼ 73.0% |
| Furniture and vehicles24 | €142k | €121k | €44k | €44k | €172k | ▲ 290% |
| Other tangible fixed assets26 | €19 | €19 | €19 | €19 | €19 | = |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €1.04M | €1.28M | €3.62M | €3.76M | €1.60M | ▼ 57.5% |
| Amounts receivable within one year40/41 | €47k | €329k | €501k | €869k | €277k | ▼ 68.1% |
| Trade receivables40 | €47k | €163k | €109k | €317k | €148k | ▼ 53.1% |
| Other amounts receivable41 | €289 | €166k | €391k | €552k | €129k | ▼ 76.7% |
| Current investments50/53 | - | - | €500k | - | - | - |
| Cash at bank and in hand54/58 | €895k | €811k | €2.55M | €2.84M | €1.24M | ▼ 56.2% |
| Deferred charges and accrued income490/1 | €95k | €138k | €64k | €52k | €78k | ▲ 50.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.58M | €13.07M | €14.16M | €13.86M | €12.20M | ▼ 11.9% |
| Equity10/15 | €3.62M | €3.85M | €5.49M | €5.32M | €5.66M | ▲ 6.3% |
| Contributions10/11 | €2.04M | €2.04M | €2.04M | €2.04M | €2.04M | = |
| Capital10 | €2.04M | €2.04M | €2.04M | €2.04M | €2.04M | = |
| Issued capital100 | €2.04M | €2.04M | €2.04M | €2.04M | €2.04M | = |
| Revaluation surpluses12 | - | - | - | €121k | €121k | = |
| Reserves13 | €1.58M | €1.81M | €3.45M | €3.17M | €3.50M | ▲ 10.6% |
| Non-distributable reserves130/1 | €204k | €204k | €204k | €204k | €204k | = |
| Legal reserve130 | €204k | €204k | €204k | €204k | €204k | = |
| Tax-exempt reserves132 | €528k | €478k | €1.70M | €1.58M | €1.45M | ▼ 7.9% |
| Distributable reserves133 | €853k | €1.13M | €1.55M | €1.39M | €1.85M | ▲ 33.1% |
| Provisions and deferred taxes16 | €166k | €150k | €557k | €516k | €474k | ▼ 8.0% |
| Deferred taxes168 | €166k | €150k | €557k | €516k | €474k | ▼ 8.0% |
| Amounts payable17/49 | €9.79M | €9.07M | €8.12M | €8.02M | €6.07M | ▼ 24.3% |
| Amounts payable after more than one year17 | €7.01M | €6.54M | €5.82M | €5.10M | €4.36M | ▼ 14.5% |
| Financial debts170/4 | €7.01M | €6.54M | €5.82M | €5.10M | €4.36M | ▼ 14.5% |
| Amounts payable within one year42/48 | €2.67M | €2.46M | €2.29M | €2.80M | €1.65M | ▼ 41.0% |
| Current portion of amounts payable after more than one year42 | €607k | €711k | €720k | €729k | €738k | ▲ 1.2% |
| Trade debts44 | €32k | €158k | €126k | €295k | €92k | ▼ 68.9% |
| Suppliers440/4 | €32k | €158k | €126k | €295k | €92k | ▼ 68.9% |
| Taxes, remuneration and social security45 | €180k | €119k | €186k | €341k | €257k | ▼ 24.7% |
| Taxes450/3 | €165k | €100k | €165k | €320k | €233k | ▼ 27.2% |
| Remuneration and social security454/9 | €16k | €18k | €21k | €21k | €24k | ▲ 13.7% |
| Other amounts payable47/48 | €1.85M | €1.48M | €1.26M | €1.44M | €568k | ▼ 60.5% |
| Accrued charges and deferred income492/3 | €111k | €67k | €13k | €121k | €59k | ▼ 51.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-336k | €229k | €1.64M | €467k | €335k | ▼ 28.2% |
| + Depreciation and write-downs630 | €1.63M | €906k | €814k | €776k | €920k | ▲ 18.5% |
| Operating cash flow (approximation) | €1.29M | €1.13M | €2.45M | €1.24M | €1.26M | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | €-158k | €432k | €-329k | €-1.43M | ▼ 334% |
| Change in cash | - | €-84k | €1.74M | €289k | €-1.60M | ▼ 653% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.64M ▲614%
Operating result €2.31M, net result €1.64M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.58
Current ratio from 0.52 to 1.58; short-term debt falls from €2.46M to €2.29M.
31-12
Financial
Equity above €5MEq €5.49M ▲42.4%
2 profitable years in a row build equity to €5.49M.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €229k
Net result €229k after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-336k
Net result drops to €-336k, the lowest in the series; recovery starts the following year.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 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, Hasselt · 1 establishment unit since 1983
Ground area
2.8 ha
Building footprint
4,858 m²
Volume, LiDAR
32,156 m³
2 parcels, Flanders · tallest building 22.5 m, ±2 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
1 establishment unit
IMMOCO NV
since 19832.024.886.282
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662G0133/00E000 | Flanders | 1.8 ha | 1 · 2,942 m² | 8.9 m · 2 fl. |
| 71328D0841/00D000 | Flanders | 1.0 ha | 1 · 1,916 m² | 22.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 2,967 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-03-1983
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.