Immovlan
ActiveSummary
The computed 12-month bankruptcy probability of Immovlan is 2.8% (moderate). The 2025 annual accounts show equity of €4.94M and a net result of €-2.00M. Equity is shrinking by ~25.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 73% of 1638 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▲+4
Solvency93▼-7
Growth38▲+7
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity short (current ratio 0.82 against 0.76 in 2024; short-term debt: 23.7% and cash: 5.3% of total assets), and 31.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
68.4%
Return on assets
-27.7%
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
2122232425
2021 to 2025 · latest year €-2.00M
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 17-07-2026, 14 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
14 d early
2024
37 d early
2023
33 d early
2022
34 d early
2021
4 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€8.12M▲ 25.5%
2024 · €6.47M
2021: €6.71M
2022: €6.59M
2023: €6.97M
2024: €6.47M
2021 → 2025
EBIT margin
-24.7%▲ 107.3pp
2024 · -132.0%
2021: -18.5%
2022: -55.6%
2023: -23.0%
2024: -132.0%
2021 → 2025
Net result
€-2.00M▲ 76.5%
2024 · €-8.53M
2021: €-1.26M
2022: €-3.67M
2023: €-1.59M
2024: €-8.53M
2021 → 2025
Working capital
€-300k▲ 35.0%
2024 · €-461k
2021: €669k
2022: €275k
2023: €126k
2024: €-461k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6.71M-€6.59M▼ 1.7%€6.97M▲ 5.7%€6.47M▼ 7.2%€8.12M▲ 25.5%
Equity€20.74M-€17.07M▼ 17.7%€15.48M▼ 9.3%€6.95M▼ 55.1%€4.94M▼ 28.8%
Operating result€-1.24M-€-3.67M▼ 195%€-1.61M▲ 56.2%€-8.54M▼ 432%€-2.00M▲ 76.5%
Net result€-1.26M-€-3.67M▼ 193%€-1.59M▲ 56.7%€-8.53M▼ 436%€-2.00M▲ 76.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.00M in 2025 against €8.54M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.23M
Fixed assets
€5.82M ▼ 21.5%
Current assets
€1.41M ▼ 4.7%
Equity and liabilities €7.23M
Equity
€4.94M ▼ 28.8%
Debt
€2.28M ▲ 17.5%
Debt's share of the balance-sheet total rises from 21.9% to 31.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-134k▲
2024 · €-6.62M
Cash flow
€-135k▲
2024 · €-6.61M
Current ratio
0.82▲
2024 · 0.76
Debt to equity
0.46▲
2024 · 0.28
ROE
-40.5%▲
2024 · -122.8%
ROA
-27.7%▲
2024 · -95.9%
Interest coverage
-7.48▲
2024 · -821.16
Debt ≤ 1 year
€1.71M▼
2024 · €1.94M
Debt > 1 year
€570k
Income taxes
€1k▲
2024 · €1k
Staff costs
€1.03M▲
2024 · €976k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.89M€7.23M▼
Fixed assets21/28€7.41M€5.82M▼
Intangible fixed assets21€7.39M€5.79M▼
Tangible fixed assets22/27€13k€11k▼
Furniture and vehicles24€13k€11k▼
Financial fixed assets28€10k€10k=
Current assets29/58€1.48M€1.41M▼
Amounts receivable within one year40/41€898k€650k▼
Trade receivables40€895k€650k▼
Other amounts receivable41€4k€488▼
Cash at bank and in hand54/58€414k€380k▼
Deferred charges and accrued income490/1€170k€383k▲
Equity and liabilities
Total equity and liabilities10/49€8.89M€7.23M▼
Equity10/15€6.95M€4.94M▼
Contributions10/11€22.00M€22.00M=
Profit (loss) carried forward14€-15.05M€-17.06M▼
Amounts payable17/49€1.94M€2.28M▲
Amounts payable after more than one year17-€570k
Other amounts payable178/9-€570k
Amounts payable within one year42/48€1.94M€1.71M▼
Trade debts44€1.35M€965k▼
Suppliers440/4€1.35M€965k▼
Advances received on contracts in progress46€402k€553k▲
Taxes, remuneration and social security45€186k€193k▲
Taxes450/3€68k€44k▼
Remuneration and social security454/9€118k€149k▲
Other amounts payable47/48€100€1k▲
Income statement
Code20242025
Turnover70€6.47M€8.12M▲
Goods, raw materials, services and sundry goods60/61€5.86M€7.20M▲
Remuneration, social security and pensions62€976k€1.03M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.92M€1.87M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€25k€-19k▼
Other operating charges640/8€60k€45k▼
Non-recurring operating charges66A€6.28M€77k▼
Gross operating margin9900€720k€997k▲
Operating profit (loss)9901€-8.54M€-2.00M▲
Financial income75/76B€17k€18k▲
Recurring financial income75€17k€18k▲
Financial charges65/66B€8k€18k▲
Recurring financial charges65€8k€18k▲
Profit (loss) for the period before taxes9903€-8.53M€-2.00M▲
Income taxes67/77€1k€1k▲
Profit (loss) for the period9904€-8.53M€-2.00M▲
Profit (loss) for the period to be appropriated9905€-8.53M€-2.00M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15.05M€-17.06M▼
Profit (loss) brought forward from the previous period14P€-6.52M€-15.05M▼
Social balance
Average headcount (FTE)908713.213.0▼
The notes to these accounts (13 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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-8.53M
Net result drops to €-8.53M, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Brussel · 2 establishment units since 2021
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.
Koningsstraat 1001000 BrusselGround area
2.5 ha
Building footprint
6,393 m²
Volume, LiDAR
54,689 m³
2 parcels, Brussels · tallest building 28.8 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Immovlan
since 20212.313.139.105
Immovlan
since 20212.315.147.795
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821C0080/00C003 | Brussels | 2.4 ha | 1 · 5,327 m² | 11.7 m · 1 fl. |
| 21803C1147/00M000 | Brussels | 1,099 m² | 1 · 1,066 m² | 28.8 m · 8 fl. |
Linked by address, not proof of ownership
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.
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
58190Other publishing activities, excluding software publishing
73110Advertising agencies
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.