IMMOPLAST · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of IMMOPLAST is 0.4% (very low). The 2025 annual accounts show equity of €11.18M and a net result of €10.75M. Equity is shrinking by ~4.5% per year across the filed fiscal years. The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

1 signal · with evidence

Growing equity

Equity grew over 2022-2025. Profits are largely retained rather than distributed.

View the equity trend

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

Latest accounts filed on time

The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 23-06-2026, 37 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 30-12, because adding twelve months right after a change is unreliable. 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 30-12-2025, that is 30-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-12-2025	30-07-2026	23-06-2026	37 d early	2026-00188419
31-12-2023	31-07-2024	24-06-2024	37 d early	2024-00156854
31-12-2022	31-07-2023	22-06-2023	39 d early	2023-00148557
31-12-2021	31-07-2022	20-06-2022	41 d early	2022-20074478
31-12-2020	31-07-2021	28-06-2021	33 d early	2021-25400350
31-12-2019	31-07-2020	11-11-2020	103 d late	2020-70400528
31-12-2018	31-07-2019	22-08-2019	22 d late	2019-49000026
31-12-2017	31-07-2018	22-08-2018	22 d late	2018-48500079
31-12-2016	31-07-2017	17-08-2017	17 d late	2017-44300180
31-12-2015	31-07-2016	22-08-2016	22 d late	2016-45100530

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 2001, 25 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%

No NACE activity registered +Annual accounts: healthy financial profile −Long track record −

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

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€10.75M

Working capital€11.18M

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 23-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

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

declining Equity: declining trend of ~4.5%/year over 7 fiscal years, indicative, assuming unchanged policy.

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).

EBITDA

€11.92M

- 18-25

Net profit

€10.75M

- 18-25

Cash flow

€10.75M

- 18-25

Total assets

€13.49M

+66.2% 18-25

Equity

€11.18M

+510.9% 18-25

Working capital

€11.18M

- 18-25

Income taxes

€3.05M

- 18-25

Debt

€2.31M

-56.7% 18-25

Show 9 other metrics

Debt ≤ 1y

€2.31M

+1.3% 18-25

Debt > 1y

€0

-100.0% 18-25

Current ratio

5.84

+59718.0% 18-25

Quick ratio

5.84

+59718.0% 18-25

Solvency

82.9%

+267.5% 18-25

Debt / equity

0.21

-92.9% 18-25

ROE

96.2%

- 18-25

ROA

79.7%

- 18-25

Interest coverage

22.61

- 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€11.92M
Net profit	€10.75M
Cash flow	€10.75M
Staff costs	-
Income taxes	€3.05M
Dividends	-
Total assets	€13.49M
Equity	€11.18M
Debt	€2.31M
of which ≤ 1y	€2.31M
of which > 1y	€0
Working capital	€11.18M
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	5.84
Quick ratio	5.84
Working capital ratio	82.9%
Solvency	82.9%
Debt / equity	0.21
Long-term debt ratio	0.00
Interest coverage	22.61
Gross margin	-
Net margin	-
ROA	79.7%
ROE	96.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €11.18M · 82.9% Debt €2.31M · 17.1%

Full annual accounts (25 line items)

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€13.49M
Fixed assets	21/28	€0
Tangible fixed assets	22/27	€0
Current assets	29/58	€13.49M
Amounts receivable within one year	40/41	€583k
Investments	50/53	€12.89M
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13.49M
Equity	10/15	€11.18M
Contributions / capital	10/11	€2.26M
Reserves	13	€8.91M
Accumulated profits (losses)	14	€0
Provisions & deferred taxes	16	€0
Amounts payable	17/49	€2.31M
Amounts payable after one year	17	€0
Amounts payable within one year	42/48	€2.31M
Trade debts payable within one year	44	€17
Income statement
Gross operating margin	9900	€12.17M
Operating result	9901	€11.92M
Financial income	75	€1.47M
Financial charges	65	€527k
Result before taxes	9903	€12.86M
Income taxes	67/77	€3.05M
Net result for the period	9904	€10.75M
Result to be appropriated	9905	€13.57M

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

Katrien Callens
Managing director
State Gazette act 24449840 (10-12-2024)

Current
10-12-2024 → present
2 events
- 10-12-2024 Appointed· Managing director
- 10-12-2024 Appointed· Chair

Former directors (1)

Philippe Detaellenaere
Managing director
State Gazette act 24449840 (10-12-2024)

Former
- → 10-12-2024
2 events
- 10-12-2024 Resigned· Managing director
- 10-12-2024 Resigned· Chair

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Public limited company(014)
Incorporation	19-04-2001
Status	Active
Postal code	8793

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.

Roterijstraat 2018793 Waregem

Establishment units

1 location

Langerbruggekaai 6, 9000 Gent

Financiële holdings

since 20012.101.381.373

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

Parcels2

Ground area3.6 ha

Buildings2

Building footprint2.0 ha

Volume (LiDAR)507 m³

Tallest building3.6 m

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.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44813R1528/00G002	Flanders	2.3 ha	1 · 1.3 ha	3.6 m
34035B0064/00H000	Flanders	1.3 ha	1 · 7,597 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 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

Belgisch Staatsblad · acts

2 acts

Address history · 1

28-02-2024

Registered-office move

All acts · 2 updated 1 year ago

2024

10-12-2024 2 directors appointed, 2 resigning Director changes·Kurt Vuylsteke

Katrien Callens, Gedelegeerd bestuurder
Katrien Callens, Voorzitter
Philippe Detaellenaere, Gedelegeerd bestuurder
Philippe Detaellenaere, Voorzitter

Notary: Kurt Vuylsteke · Kuurne

Original publication ↗

28-02-2024 Registered office moved from Gent to Sint-Eloois-Vijve Registered-office change

Langebruggekaai 6, 9000 Gent → Roterijstraat 201, 8793 Sint-Eloois-Vijve

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameNL

IMMOPLAST

Registered office

Roterijstraat 201

8793 Waregem, Belgium

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