RUN IMMO
ActiveThe computed 12-month bankruptcy probability of RUN IMMO is 1.9% (moderate). The 2024 annual accounts show equity of €29k and a net result of €-4k. Equity is shrinking by ~25% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 30% of 19348 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability26▼-61
Solvency34▼-1
Growth58=
Track record92
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity ample (current ratio 8.46 against 7.88 in 2023; short-term debt: 11.2% and cash: 0.1% of total assets), but 90.8% 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
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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
9.2%
Return on assets
-1.4%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-11-2025, 121 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
121 d late
2023
15 d early
2022
150 d late
2021
108 d late
2020
29 d late
2019
90 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€29k▼ 13.3%
2023 · €33k
2018: €161k
2019: €137k
2020: €142k
2021: €98k
2022: €-36k
2023: €33k
2018 → 2024
Total assets
€312k▼ 3.6%
2023 · €323k
2018: €578k
2019: €605k
2020: €593k
2021: €493k
2022: €376k
2023: €323k
2018 → 2024
Net result
€-4k
2023 · €78k
2018: €-16k
2019: €-25k
2020: €5k
2021: €69k
2022: €55k
2023: €78k
2018 → 2024
Working capital
€259k▼ 0.5%
2023 · €261k
2018: €-17k
2019: €20k
2020: €15k
2021: €-84k
2022: €233k
2023: €261k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€142k-€98k▼ 30.6%€-36k€33k€29k▼ 13.3%
Operating result€22k-€81k▲ 269%€104k▲ 28.7%€117k▲ 11.8%€21k▼ 81.7%
Net result€5k-€69k▲ 1,327%€55k▼ 20.7%€78k▲ 41.7%€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €312k
Fixed assets
€18k▼ 28.9%
Current assets
€294k▼ 1.5%
Equity and liabilities €312k
Equity
€29k▼ 13.3%
Debt
€283k▼ 2.5%
The debt ratio rises from 89.8% to 90.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27k▼
2023 · €120k
Cash flow
€2k▼
2023 · €81k
Solvency
9.2%▼
2023 · 10.2%
Current ratio
8.46▲
2023 · 7.88
Quick ratio
0.70▼
2023 · 1.61
Debt / equity
9.91▲
2023 · 8.81
ROE
-15.4%▼
2023 · 236.8%
ROA
-1.4%▼
2023 · 24.1%
Interest coverage
1.10▼
2023 · 4.51
Debt
€283k▼
2023 · €291k
Debt ≤ 1 year
€35k▼
2023 · €38k
Debt > 1 year
€248k▼
2023 · €253k
Income taxes
€822▼
2023 · €12k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€323k€312k▼
Fixed assets21/28€25k€18k▼
Tangible fixed assets22/27€25k€17k▼
Furniture and vehicles24€25k€17k▼
Financial fixed assets28-€62
Current assets29/58€299k€294k▼
Stocks and contracts in progress3€238k€270k▲
Stocks30/36€238k€270k▲
Amounts receivable within one year40/41€33k€24k▼
Other amounts receivable41€33k€24k▼
Cash at bank and in hand54/58€28k€335▼
Deferred charges and accrued income490/1€373-
Equity and liabilities
Total equity and liabilities10/49€323k€312k▼
Equity10/15€33k€29k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€13k€8k▼
Amounts payable17/49€291k€283k▼
Amounts payable after more than one year17€253k€248k▼
Financial debts170/4€253k€248k▼
Amounts payable within one year42/48€38k€35k▼
Current portion of amounts payable after more than one year42€12k€7k▼
Financial debts43-€23
Credit institutions430/8-€23
Trade debts44€4k€10k▲
Suppliers440/4€4k€10k▲
Taxes, remuneration and social security45€13k€13k▲
Taxes450/3€13k€13k▲
Other amounts payable47/48€9k€4k▼
Income statement
Code20232024
Remuneration, social security and pensions62€703-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Other operating charges640/8€16k€4k▼
Gross operating margin9900€136k€31k▼
Operating profit (loss)9901€117k€21k▼
Financial charges65/66B€27k€25k▼
Recurring financial charges65€27k€25k▼
Profit (loss) for the period before taxes9903€90k€-4k▼
Income taxes67/77€12k€822▼
Profit (loss) for the period9904€78k€-4k▼
Profit (loss) for the period to be appropriated9905€78k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€8k▼
Profit (loss) brought forward from the previous period14P€-57k€13k▲
Profit to be distributed694/7€9k-
Directors or managers695€9k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-12
KBO administration
Address struck
Louizalaan 500 1050 Die Sitzadresse Avenue Louise / Louizalaan
Ixelles · event 16-11-2025
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 121 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €78k ▲41.7%
Operating result €117k, net result €78k, both a record.
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 150 days late
2022
31-12
Financial
Liquidity times 78current ratio 10.92
Current ratio from 0.14 to 10.92; short-term debt falls from €97k to €24k.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-02-2026
GIACCIO GIUSEPPE: Resigned as Director
10-09-2011
BADER MOHAMED: Resigned as Managing director
02-02-2009
ZERAA Fouad: Resigned as Managing director
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2009
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.
Giervalkenlaan 101170 Watermaal-BosvoordeGround area
1.4 ha
Building footprint
434 m²
Volume, LiDAR
15,095 m³
2 parcels, Brussels, Wallonia · tallest building 40.7 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Hautbois 4, 7000 Mons
since 20092.175.573.903
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21017D0214/00F000 | Brussels | 1.4 ha | 1 · 398 m² | 40.7 m · 12 fl. |
| 53053H0699/00V000 ProtectedMonument |
Wallonia | 69 m² | 1 · 37 m² | 13.3 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
3 auditors| BADER MUSTAPHA Statutory auditor | - → 20-11-2017 |
Show 2 earlier auditors
| COUTIEZ HUGUES Statutory auditor | - → 03-06-2017 |
| LECONTE DJILALI Statutory auditor | - → 20-11-2017 |
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Of 11,751 companies in sector 68310 we hold annual accounts for 6,908. 4,346 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-10-2008
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.