IMMOREX
ActiveIMMOREX has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-230. Equity is shrinking by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 26% of 8601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+57
Solvency50▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.19 in 2024; short-term debt: 75% and cash: 5.1% of total assets), and 75% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25%
Return on assets
-0.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-230
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
29 d early
2022
26 d early
2021
27 d early
2020
33 d early
2019
54 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€41k▼ 0.6%
2024 · €41k
2018: €313k
2019: €310k
2020: €309k
2021: €102k
2022: €58k
2023: €50k
2024: €41k
2018 → 2025
Total assets
€164k▼ 9.2%
2024 · €180k
2018: €425k
2019: €429k
2020: €400k
2021: €200k
2022: €193k
2023: €187k
2024: €180k
2018 → 2025
Net result
€-230▲ 97.5%
2024 · €-9k
2018: €1k
2019: €-3k
2020: €-1k
2021: €-207k
2022: €-44k
2023: €-8k
2024: €-9k
2018 → 2025
Working capital
€-112k▲ 0.8%
2024 · €-113k
2018: €-77k
2019: €-79k
2020: €-80k
2021: €-52k
2022: €-99k
2023: €-106k
2024: €-113k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€102k-€58k▼ 42.8%€50k▼ 14.0%€41k▼ 18.2%€41k▼ 0.6%
Operating result€28k-€-44k€-4k▲ 91.9%€-9k▼ 158%€-187▲ 97.9%
Net result€-207k-€-44k▲ 78.9%€-8k▲ 81.2%€-9k▼ 11.5%€-230▲ 97.5%
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 stays negative: a loss of €187 in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€153k▼ 0.8%
Current assets
€10k▼ 60.1%
Equity and liabilities €164k
Equity
€41k▼ 0.6%
Debt
€123k▼ 11.8%
The debt ratio falls from 77.2% to 75.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€997▲
2024 · €-8k
Cash flow
€955▲
2024 · €-8k
Solvency
25.0%▲
2024 · 22.8%
Current ratio
0.08▼
2024 · 0.19
Quick ratio
0.08▼
2024 · 0.19
Debt / equity
3.01▼
2024 · 3.39
ROE
-0.6%▲
2024 · -22.3%
ROA
-0.1%▲
2024 · -5.1%
Interest coverage
22.54▲
2024 · -149.35
Debt
€123k▼
2024 · €139k
Debt ≤ 1 year
€123k▼
2024 · €139k
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€180k€164k▼
Fixed assets21/28€155k€153k▼
Tangible fixed assets22/27€155k€153k▼
Land and buildings22€154k€153k▼
Furniture and vehicles24€929-
Current assets29/58€26k€10k▼
Amounts receivable within one year40/41€18k€2k▼
Trade receivables40€18k-
Other amounts receivable41€680€2k▲
Cash at bank and in hand54/58€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€180k€164k▼
Equity10/15€41k€41k▼
Contributions10/11€360k€360k=
Capital10€360k€360k=
Issued capital100€360k€360k=
Profit (loss) carried forward14€-319k€-319k▼
Amounts payable17/49€139k€123k▼
Amounts payable within one year42/48€139k€123k▼
Trade debts44€30k€2k▼
Suppliers440/4€30k€2k▼
Other amounts payable47/48€109k€121k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€-5k€3k▲
Operating profit (loss)9901€-9k€-187▲
Financial income75/76B€10€2▼
Recurring financial income75€10€2▼
Financial charges65/66B€51€44▼
Recurring financial charges65€51€44▼
Profit (loss) for the period before taxes9903€-9k€-230▲
Income taxes67/77€0-
Profit (loss) for the period9904€-9k€-230▲
Profit (loss) for the period to be appropriated9905€-9k€-230▲
Appropriation of the result
Profit (loss) to be appropriated9906€-319k€-319k▼
Profit (loss) brought forward from the previous period14P€-310k€-319k▼
The notes to these accounts (3 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-207k
Net result drops to €-207k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
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.
Directors · office · real estate
Directors
6 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, Kortenberg · 1 establishment unit since 1992
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.
Leuvensesteenweg 3363070 KortenbergGround area
8,546 m²
Building footprint
72 m²
Volume, LiDAR
539 m³
Parcel 24055B0266/00M010, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMOREX NV
since 19922.058.410.868
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055B0266/00M010 | Flanders | 8,546 m² | 1 · 72 m² | 15.6 m · 2 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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JP MOREAU
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MELK & SUTTER
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BI-SURE
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 36,834 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-06-1992
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68121Development of residential building projects
70111
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.