IMMOHAN
ActiveSummary
IMMOHAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €513k and a net result of €41k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 44% 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
Profitability46▼-1
Solvency57▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.81 in 2024; short-term debt: 35% and cash: 0.1% of total assets), and 68.2% 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
31.8%
Return on assets
2.5%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
34 d early
2023
40 d early
2022
55 d early
2021
52 d early
2020
52 d early
2019
19 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
€41k▲ 40.0%
2024 · €29k
2018: €22klowest in 8 years
2019: €79k▲ +258% vs 2018highest in 8 years
2020: €26k▼ -66.8% vs 2019
2021: €29k▲ +10.4% vs 2020
2022: €23k▼ -19.2% vs 2021
2023: €24k▲ +1.9% vs 2022
2024: €29k▲ +22.9% vs 2023
2025: €41k▲ +40.0% vs 2024
2018 → 2025
Working capital
€-20k▲ 62.2%
2024 · €-52k
2018: €456khighest in 8 years
2019: €69k▼ -84.8% vs 2018
2020: €-36k▼ -152% vs 2019
2021: €-69k▼ -92.9% vs 2020
2022: €-79k▼ -14.5% vs 2021lowest in 8 years
2023: €-70k▲ +10.3% vs 2022
2024: €-52k▲ +25.9% vs 2023
2025: €-20k▲ +62.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€686k-€684k▼ 0.3%€683k▼ 0.2%€472k▼ 30.9%€513k▲ 8.7%
2021: €686khighest in 5 years
2022: €684k▼ -0.3% vs 2021
2023: €683k▼ -0.2% vs 2022
2024: €472k▼ -30.9% vs 2023lowest in 5 years
2025: €513k▲ +8.7% vs 2024
Operating result€53k-€44k▼ 17.3%€50k▲ 14.2%€74k▲ 46.3%€95k▲ 28.8%
2021: €53k
2022: €44k▼ -17.3% vs 2021lowest in 5 years
2023: €50k▲ +14.2% vs 2022
2024: €74k▲ +46.3% vs 2023
2025: €95k▲ +28.8% vs 2024highest in 5 years
Net result€29k-€23k▼ 19.2%€24k▲ 1.9%€29k▲ 22.9%€41k▲ 40.0%
2021: €29k
2022: €23k▼ -19.2% vs 2021lowest in 5 years
2023: €24k▲ +1.9% vs 2022
2024: €29k▲ +22.9% vs 2023
2025: €41k▲ +40.0% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€1.07M ▼ 3.3%
Current assets
€545k ▲ 147%
Equity and liabilities €1.61M
Equity
€513k ▲ 8.7%
Provisions
€22k ▼ 6.7%
Debt
€1.08M ▲ 29.8%
Debt's share of the balance-sheet total rises from 62.7% to 66.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€116k▲
2024 · €106k
Cash flow
€62k▲
2024 · €61k
Current ratio
0.97▲
2024 · 0.81
Quick ratio
0.02▲
2024 · 0.01
Debt to equity
2.11▲
2024 · 1.76
ROE
8.0%▲
2024 · 6.2%
ROA
2.5%▲
2024 · 2.2%
Interest coverage
2.86▼
2024 · 3.04
Debt ≤ 1 year
€564k▲
2024 · €273k
Debt > 1 year
€506k▼
2024 · €559k
Income taxes
€15k▲
2024 · €11k
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 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.33M€1.61M▲
Fixed assets21/28€1.11M€1.07M▼
Tangible fixed assets22/27€1.11M€1.07M▼
Land and buildings22€1.11M€1.07M▼
Current assets29/58€221k€545k▲
Stocks and contracts in progress3€218k€535k▲
Stocks30/36€218k€535k▲
Amounts receivable within one year40/41€391€6k▲
Other amounts receivable41€391€6k▲
Cash at bank and in hand54/58€2k€1k▼
Deferred charges and accrued income490/1€559€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.61M▲
Equity10/15€472k€513k▲
Contributions10/11€205k€205k=
Capital10€83k€83k=
Issued capital100€83k€83k=
Outside capital11€122k€122k=
Share premium1100/10€122k€122k=
Revaluation surpluses12€150k€150k=
Reserves13€117k€158k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€71k€66k▼
Distributable reserves133€38k€84k▲
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€24k€22k▼
Deferred taxes168€24k€22k▼
Amounts payable17/49€832k€1.08M▲
Amounts payable after more than one year17€559k€506k▼
Financial debts170/4€559k€506k▼
Amounts payable within one year42/48€273k€564k▲
Current portion of amounts payable after more than one year42€51k€53k▲
Financial debts43€213k€380k▲
Credit institutions430/8€213k€380k▲
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Advances received on contracts in progress46€2k€0▼
Taxes, remuneration and social security45€1k€5k▲
Taxes450/3€1k€5k▲
Other amounts payable47/48-€125k
Accrued charges and deferred income492/3-€9k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€21k▼
Other operating charges640/8€9k€9k▲
Gross operating margin9900€114k€125k▲
Operating profit (loss)9901€74k€95k▲
Financial charges65/66B€35k€40k▲
Recurring financial charges65€35k€40k▲
Profit (loss) for the period before taxes9903€39k€54k▲
Transfer from deferred taxes780€2k€2k▲
Income taxes67/77€11k€15k▲
Profit (loss) for the period9904€29k€41k▲
Transfer from tax-exempt reserves789€5k€5k▲
Profit (loss) for the period to be appropriated9905€34k€46k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€46k▲
Transfer from equity791/2€240k€0▼
Transfer to equity691/2€34k€46k▲
To other reserves6921€34k€46k▲
Profit to be distributed694/7€240k€0▼
Return on contributions (dividend)694€240k€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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33k | €33k | €33k | €32k | €21k | ▼ 34.6% |
| Other operating charges640/8 | €9k | €8k | €8k | €9k | €9k | ▲ 4.1% |
| Gross operating margin9900 | €96k | €85k | €92k | €114k | €125k | ▲ 9.2% |
| Operating profit (loss)9901 | €53k | €44k | €50k | €74k | €95k | ▲ 28.8% |
| Financial income75/76B | €5 | €73 | €2k | - | - | - |
| Recurring financial income75 | €5 | €73 | €2k | - | - | - |
| Financial charges65/66B | €15k | €13k | €21k | €35k | €40k | ▲ 16.2% |
| Recurring financial charges65 | €15k | €13k | €21k | €35k | €40k | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | €38k | €31k | €32k | €39k | €54k | ▲ 40.0% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | ▲ 1.0% |
| Income taxes67/77 | €11k | €9k | €10k | €11k | €15k | ▲ 34.7% |
| Profit (loss) for the period9904 | €29k | €23k | €24k | €29k | €41k | ▲ 40.0% |
| Transfer from tax-exempt reserves789 | €5k | €5k | €5k | €5k | €5k | ▲ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €34k | €28k | €28k | €34k | €46k | ▲ 34.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.43M | €1.40M | €1.47M | €1.33M | €1.61M | ▲ 21.6% |
| Fixed assets21/28 | €1.21M | €1.17M | €1.14M | €1.11M | €1.07M | ▼ 3.3% |
| Tangible fixed assets22/27 | €1.21M | €1.17M | €1.14M | €1.11M | €1.07M | ▼ 3.3% |
| Land and buildings22 | €1.21M | €1.17M | €1.14M | €1.11M | €1.07M | ▼ 3.3% |
| Current assets29/58 | €227k | €225k | €329k | €221k | €545k | ▲ 147% |
| Stocks and contracts in progress3 | €218k | €218k | €218k | €218k | €535k | ▲ 146% |
| Stocks30/36 | €218k | €218k | €218k | €218k | €535k | ▲ 146% |
| Amounts receivable within one year40/41 | €905 | €5k | €107k | €391 | €6k | ▲ 1,476% |
| Trade receivables40 | €905 | €2k | €3k | - | - | - |
| Other amounts receivable41 | - | €3k | €103k | €391 | €6k | ▲ 1,476% |
| Cash at bank and in hand54/58 | €8k | €2k | €2k | €2k | €1k | ▼ 51.6% |
| Deferred charges and accrued income490/1 | €461 | €500 | €2k | €559 | €2k | ▲ 302% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.43M | €1.40M | €1.47M | €1.33M | €1.61M | ▲ 21.6% |
| Equity10/15 | €686k | €684k | €683k | €472k | €513k | ▲ 8.7% |
| Contributions10/11 | €205k | €205k | €205k | €205k | €205k | = |
| Capital10 | €83k | €83k | €83k | €83k | €83k | = |
| Issued capital100 | €83k | €83k | €83k | €83k | €83k | = |
| Outside capital11 | €122k | €122k | €122k | €122k | €122k | = |
| Share premium1100/10 | €122k | €122k | €122k | €122k | €122k | = |
| Revaluation surpluses12 | €150k | €150k | €150k | €150k | €150k | = |
| Reserves13 | €331k | €329k | €328k | €117k | €158k | ▲ 34.8% |
| Non-distributable reserves130/1 | €8k | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | €8k | €8k | €8k | €8k | €8k | = |
| Tax-exempt reserves132 | €85k | €80k | €76k | €71k | €66k | ▼ 6.7% |
| Distributable reserves133 | €238k | €241k | €244k | €38k | €84k | ▲ 120% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | €28k | €27k | €25k | €24k | €22k | ▼ 6.7% |
| Deferred taxes168 | €28k | €27k | €25k | €24k | €22k | ▼ 6.7% |
| Amounts payable17/49 | €719k | €686k | €759k | €832k | €1.08M | ▲ 29.8% |
| Amounts payable after more than one year17 | €423k | €383k | €360k | €559k | €506k | ▼ 9.5% |
| Financial debts170/4 | €423k | €383k | €360k | €559k | €506k | ▼ 9.5% |
| Amounts payable within one year42/48 | €296k | €303k | €399k | €273k | €564k | ▲ 107% |
| Current portion of amounts payable after more than one year42 | €67k | €40k | €23k | €51k | €53k | ▲ 3.8% |
| Financial debts43 | €200k | €235k | €350k | €213k | €380k | ▲ 78.8% |
| Credit institutions430/8 | €200k | €235k | €350k | €213k | €380k | ▲ 78.8% |
| Trade debts44 | - | €824 | €661 | €6k | €1k | ▼ 76.7% |
| Suppliers440/4 | - | €824 | €661 | €6k | €1k | ▼ 76.7% |
| Advances received on contracts in progress46 | €2k | - | €852 | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €1k | - | - | €1k | €5k | ▲ 294% |
| Taxes450/3 | €1k | - | - | €1k | €5k | ▲ 294% |
| Other amounts payable47/48 | €25k | €28k | €25k | - | €125k | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €9k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €23k | €24k | €29k | €41k | ▲ 40.0% |
| + Depreciation and write-downs630 | €33k | €33k | €33k | €32k | €21k | ▼ 34.6% |
| Operating cash flow (approximation) | €62k | €57k | €57k | €61k | €62k | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €16k | - |
| Change in cash | - | €-6k | €151 | €-27 | €-1k | ▼ 4,092% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €500kEq €513k ▲8.7%
8 profitable years in a row build equity to €513k.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €79k ▲258%
Operating result €135k, net result €79k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Schoten · 1 establishment unit since 1990
Ground area
268 m²
Building footprint
268 m²
Volume, LiDAR
1,748 m³
Parcel 11442C0151/00M014, Flanders · tallest building 13.5 m, ±1 floor. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Immohan
since 19902.050.522.194
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11442C0151/00M014 | Flanders | 268 m² | 1 · 268 m² | 13.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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NeysImmo & Co
BE 0806.838.278
Essen · Eq €512,157
BEM IMMO
BE 0871.331.204
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't Wolvennest
BE 0667.744.238
Aalst · Eq €513,540
Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,562 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
Founded06-09-1990
Fiscal year end31-12
Abbreviation NL
I.M.S.E.
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.