SHOPIMMO

Active

Public limited companyfounded 199530 yrs activeKunstlaan 58, 1000 Brussel, BelgiumKBO/BCE: BE 0456.501.202

Summary

SHOPIMMO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58.98M and a net result of €1.59M. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

66 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability59▲+2

Solvency47▼-3

Growth55=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity ample (current ratio 2.2 against 0.13 in 2024; short-term debt: 2% and cash: 0.3% of total assets), but 77.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

22.2%

Return on assets

0.6%

Age of the figures

9 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-05-2026, 87 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

87 d early

2024

71 d early

2023

78 d early

2022

83 d early

2021

81 d early

2020

85 d early

2019

87 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€21.48M▲ 11.6%

2024 · €19.25M

2018: €12.43M 2019: €10.98M 2021: €12.97M 2022: €12.64M 2023: €16.49M 2024: €19.25M

2018 → 2025

EBIT margin

38.9%▼ 0.6pp

2024 · 39.4%

2018: 38.0% 2019: 18.0% 2021: 26.4% 2022: 13.7% 2023: 18.8% 2024: 39.4%

2018 → 2025

Net result

€1.59M▲ 422%

2024 · €305k

2018: €2.69M 2019: €750k 2021: €1.26M 2022: €-1.41M 2023: €-4.24M 2024: €305k

2018 → 2025

Working capital

€6.48M

2024 · €-173.97M

2018: €-2.09M 2019: €-4.32M 2021: €-44.26M 2022: €20.00M 2023: €14.33M 2024: €-173.97M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€12.97M-€12.64M▼ 2.5%€16.49M▲ 30.4%€19.25M▲ 16.8%€21.48M▲ 11.6%

Equity€32.73M-€76.32M▲ 133%€72.08M▼ 5.6%€72.38M▲ 0.4%€58.98M▼ 18.5%

Operating result€3.42M-€1.74M▼ 49.3%€3.10M▲ 78.7%€7.59M▲ 145%€8.35M▲ 10.0%

Net result€1.26M-€-1.41M€-4.24M▼ 201%€305k€1.59M▲ 422%

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed three years in a row; 2025 is 10% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €265.85M

95.5%

Fixed assets €253.97M ▼ 1.9%

Current assets €11.89M ▼ 53.1%

Equity and liabilities €265.85M

22.2%

77.8%

Equity €58.98M ▼ 18.5%

Debt €206.88M ▼ 2.4%

Debt's share of the balance-sheet total rises from 74.5% to 77.8%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€15.38M▼

2024 · €15.57M

Cash flow

€8.62M▲

2024 · €8.29M

Current ratio

2.20▲

2024 · 0.13

Debt to equity

3.51▲

2024 · 2.93

ROE

2.7%▲

2024 · 0.4%

ROA

0.6%▲

2024 · 0.1%

Interest coverage

2.20▲

2024 · 2.05

Debt ≤ 1 year

€5.40M▼

2024 · €199.30M

Debt > 1 year

€195.47M▲

2024 · €552k

Income taxes

€72k

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 · 66 lines

Balance sheet Code20242025

Assets

Total assets20/58€284.27M€265.85M▼

Fixed assets21/28€258.94M€253.97M▼

Tangible fixed assets22/27€258.94M€253.97M▼

Land and buildings22€258.79M€253.06M▼

Plant, machinery and equipment23€0€0=

Assets under construction and advance payments27€150k€904k▲

Financial fixed assets28€774€774=

Affiliated companies280/1€1€1=

Participating interests280€1€1=

Other financial fixed assets284/8€773€773=

Amounts receivable and cash guarantees285/8€773€773=

Current assets29/58€25.33M€11.89M▼

Amounts receivable within one year40/41€22.23M€9.48M▼

Trade receivables40€6.16M€5.86M▼

Other amounts receivable41€16.07M€3.62M▼

Cash at bank and in hand54/58€673k€817k▲

Deferred charges and accrued income490/1€2.43M€1.59M▼

Equity and liabilities

Total equity and liabilities10/49€284.27M€265.85M▼

Equity10/15€72.38M€58.98M▼

Contributions10/11€73.95M€58.95M▼

Capital10€73.95M€58.95M▼

Issued capital100€73.95M€58.95M▼

Reserves13€1.55M€1.55M=

Non-distributable reserves130/1€797k€797k=

Legal reserve130€797k€797k=

Distributable reserves133€750k€750k=

Profit (loss) carried forward14€-3.11M€-1.52M▲

Amounts payable17/49€211.89M€206.88M▼

Amounts payable after more than one year17€552k€195.47M▲

Financial debts170/4-€195.00M

Other loans174-€195.00M

Other amounts payable178/9€552k€473k▼

Amounts payable within one year42/48€199.30M€5.40M▼

Current portion of amounts payable after more than one year42€195.00M-

Trade debts44€1.02M€2.04M▲

Suppliers440/4€1.02M€2.04M▲

Taxes, remuneration and social security45€3.28M€2.73M▼

Taxes450/3€3.28M€2.73M▼

Other amounts payable47/48€171€629k▲

Accrued charges and deferred income492/3€12.03M€6.00M▼

Income statement Code20242025

Operating income70/76A€26.02M€24.82M▼

Turnover70€19.25M€21.48M▲

Other operating income74€5.71M€3.34M▼

Non-recurring operating income76A€1.06M-

Operating charges60/66A€18.44M€16.47M▼

Services and other goods61€5.76M€6.19M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7.99M€7.03M▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€90k€43k▼

Other operating charges640/8€4.60M€2.58M▼

Non-recurring operating charges66A-€629k

Operating profit (loss)9901€7.59M€8.35M▲

Financial income75/76B€304k€300k▼

Recurring financial income75€304k€300k▼

Income from current assets751€303k€299k▼

Other financial income752/9€1k€572▼

Financial charges65/66B€7.59M€6.98M▼

Recurring financial charges65€7.59M€6.98M▼

Debt charges650€7.59M€6.98M▼

Other financial charges652/9€2k€2k▼

Profit (loss) for the period before taxes9903€305k€1.66M▲

Income taxes67/77-€72k

Taxes670/3-€72k

Profit (loss) for the period9904€305k€1.59M▲

Profit (loss) for the period to be appropriated9905€305k€1.59M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-3.11M€-1.52M▲

Profit (loss) brought forward from the previous period14P€-3.41M€-3.11M▲

The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 34Financial 6Gazette 18Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

05-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Liquidity times 17current ratio 2.20

Current ratio from 0.13 to 2.20; short-term debt falls from €199.30M to €5.40M.

21-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €305k

Net result €305k after 2 loss-making years.

14-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Weakest financial yearnet €-4.24M

Net result drops to €-4.24M, the lowest in the series; recovery starts the following year.

09-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Liquidity times 109current ratio 15.26

Current ratio from 0.14 to 15.26; short-term debt falls from €51.48M to €1.40M.

31-12

Financial Equity above €50MEq €76.32M ▲133%

Equity rises from €32.73M to €76.32M.

11-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Equity above €25MEq €32.73M ▲119%

3 profitable years in a row build equity to €32.73M.

07-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

Show earlier events

2020

24-12

State Gazette act General meeting · Member resignation

Share transfer · Capital decrease

05-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

25-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

04-05

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

18-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

01-02

State Gazette act Power of attorney · Mandate compensation

2015

01-12

State Gazette act Power of attorney

Damien HISETTE

01-12

State Gazette act Power of attorney

01-12

State Gazette act Power of attorney

01-12

State Gazette act Power of attorney

01-12

State Gazette act Power of attorney

Damien HISETTE

01-12

State Gazette act Power of attorney · Mandate compensation

01-12

State Gazette act Power of attorney · Mandate compensation

Damien HISETTE

01-12

State Gazette act Power of attorney · Mandate compensation

01-12

State Gazette act Power of attorney · Mandate compensation

Prior deed date · Sub delegation

2011

08-02

State Gazette act Power of attorney · Mandate compensation

Dissolution · Ratification

08-02

State Gazette act Power of attorney · Mandate compensation

Dissolution · Ratification

08-02

State Gazette act Power of attorney · Mandate compensation

Dissolution

08-02

State Gazette act Power of attorney

Damien HISETTE

07-02

State Gazette act Power of attorney · Mandate compensation

Dissolution · Ratification

07-02

State Gazette act Power of attorney · Mandate compensation

Dissolution · Previous mandate date

2004

02-06

State Gazette act General meeting · Name change

Registered-office move · Purpose change

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

33 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 · 1 establishment unit since 1995

establishment The establishment unit on the map

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.

Kunstlaan 581000 Brussel

Ground area

3,149 m²

Building footprint

3,026 m²

Volume, LiDAR

70,303 m³

Parcel 21805E0482/00C000, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.

1 establishment unit

SHOPIMMO NV

Kunstlaan 58, 1000 BrusselNACE 70201

since 19952.074.330.251

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21805E0482/00C000	Brussels	3,149 m²	1 · 3,026 m²	31.9 m · 9 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.

Similar companies · same sector, comparable size

Roeselare · Eq €60.02M

Antwerpen · Eq €56.69M

Konvert Service

BE 0421.662.859

Kortrijk · Eq €62.32M

Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 500 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 formPublic limited company

Founded14-11-1995

Fiscal year end31-12

Activities, NACEBEL 2025

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.