IMMOVELD
ActiveIMMOVELD has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.84M and a net result of €3.30M. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 70% of 4500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy▲ +26 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▲+21
Solvency76▲+5
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.74 in 2024), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
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
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
64.5%
Return on assets
3.4%
Age of the figures
8 mo
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 · 10 filingsDeviation from the deadline
2025
14 d early
2024
5 d late
2023
7 d early
2022
17 d late
2021
25 d early
2020
26 d early
2019
27 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.30M▲ 418%
2024 · €638k
2018: €835k
2019: €919k
2020: €822k
2021: €1.00M
2022: €1.18M
2023: €885k
2024: €638k
2018 → 2025
Working capital
€-119k▲ 83.3%
2024 · €-712k
2018: €71.75M
2019: €69.24M
2020: €67.08M
2021: €70.58M
2022: €67.47M
2023: €-10.48M
2024: €-712k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57.52M-€58.69M▲ 2.0%€59.58M▲ 1.5%€60.22M▲ 1.1%€62.84M▲ 4.4%
Operating result€1.19M-€1.54M▲ 28.7%€1.69M▲ 10.0%€1.09M▼ 35.5%€3.49M▲ 219%
Net result€1.00M-€1.18M▲ 17.3%€885k▼ 24.8%€638k▼ 28.0%€3.30M▲ 418%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 219% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97.49M
Fixed assets
€95.77M▲ 2.6%
Current assets
€1.73M▼ 13.2%
Equity and liabilities €97.49M
Equity
€62.84M▲ 4.4%
Provisions
€739k▲ 774%
Debt
€33.92M▼ 3.2%
The debt ratio falls from 36.7% to 34.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€3.84M▲
2024 · €1.58M
Cash flow
€3.65M▲
2024 · €1.13M
Solvency
64.5%▲
2024 · 63.2%
Current ratio
0.94▲
2024 · 0.74
Quick ratio
0.94▲
2024 · 0.74
Debt / equity
0.54▼
2024 · 0.58
ROE
5.3%▲
2024 · 1.1%
ROA
3.4%▲
2024 · 0.7%
Interest coverage
3.31▲
2024 · 1.11
Debt
€33.92M▼
2024 · €35.03M
Debt ≤ 1 year
€1.85M▼
2024 · €2.70M
Debt > 1 year
€31.22M▼
2024 · €31.67M
Income taxes
€220k▼
2024 · €239k
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€95.33M€97.49M▲
Fixed assets21/28€93.34M€95.77M▲
Tangible fixed assets22/27€6.80M€4.98M▼
Land and buildings22€6.80M€4.98M▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€463€0▼
Financial fixed assets28€86.54M€90.79M▲
Current assets29/58€1.99M€1.73M▼
Amounts receivable within one year40/41€1.16M€881k▼
Trade receivables40€128k€114k▼
Other amounts receivable41€1.03M€767k▼
Current investments50/53€0-
Cash at bank and in hand54/58€43€43=
Deferred charges and accrued income490/1€830k€846k▲
Equity and liabilities
Total equity and liabilities10/49€95.33M€97.49M▲
Equity10/15€60.22M€62.84M▲
Contributions10/11€525k€525k=
Capital10€525k€525k=
Issued capital100€525k€525k=
Revaluation surpluses12€1.61M€1.61M=
Reserves13€306k€2.27M▲
Non-distributable reserves130/1€53k€53k=
Legal reserve130€53k€53k=
Tax-exempt reserves132€254k€2.22M▲
Profit (loss) carried forward14€57.78M€58.44M▲
Provisions and deferred taxes16€85k€739k▲
Deferred taxes168€85k€739k▲
Amounts payable17/49€35.03M€33.92M▼
Amounts payable after more than one year17€31.67M€31.22M▼
Financial debts170/4€31.67M€31.22M▼
Amounts payable within one year42/48€2.70M€1.85M▼
Current portion of amounts payable after more than one year42€1.72M€960k▼
Trade debts44€180k€301k▲
Suppliers440/4€180k€301k▲
Advances received on contracts in progress46€308k€198k▼
Taxes, remuneration and social security45€9k€9k▲
Taxes450/3€9k€9k▲
Other amounts payable47/48€486k€379k▼
Accrued charges and deferred income492/3€653k€850k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€492k€351k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€143k
Other operating charges640/8€270k€216k▼
Gross operating margin9900€1.85M€4.20M▲
Operating profit (loss)9901€1.09M€3.49M▲
Financial income75/76B€1.19M€1.17M▼
Recurring financial income75€1.19M€1.17M▼
Financial charges65/66B€1.43M€1.16M▼
Recurring financial charges65€1.43M€1.16M▼
Profit (loss) for the period before taxes9903€851k€3.50M▲
Transfer from deferred taxes780€25k€25k=
Income taxes67/77€239k€220k▼
Profit (loss) for the period9904€638k€3.30M▲
Transfer from tax-exempt reserves789€75k€75k=
Transfer to tax-exempt reserves689-€2.72M
Profit (loss) for the period to be appropriated9905€713k€660k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57.78M€58.44M▲
Profit (loss) brought forward from the previous period14P€57.07M€57.78M▲
The notes to these accounts (20 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
29-07
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Permanent representative5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Permanent representative5 facts ▸
- General meeting, 12 juni 2026
- Director reappointment, ATHELEAN (bestuurder)
- Permanent representative, Frank Van Leemput
- Mandate compensation, ATHELEAN
- Director resignation, ATHELEAN (bestuurder)
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €3.30M ▲418%
Operating result €3.49M, net result €3.30M, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €638k ▼28%
Net result drops to €638k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Liquidity times 7current ratio 68.90
Current ratio from 9.50 to 68.90; short-term debt falls from €8.30M to €994k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
ATHELEAN
CurrentDirector · since 12-06-2026 · Public limited company · perm. rep.: Frank Van Leemput
12-06-2026
Resigned as Director
12-06-2026
Mandate renewed as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2000
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.
Zeehelling 28300 Knokke-HeistGround area
3,558 m²
Building footprint
996 m²
Volume, LiDAR
12,680 m³
2 parcels, Flanders · tallest building 18.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IMMOVELD
since 20002.048.995.732
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E1051/00A000 | Flanders | 3,312 m² | 1 · 920 m² | 18.7 m · 4 fl. |
| 12007A0280/00M000 | Flanders | 246 m² | 1 · 76 m² | 12.8 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.
Structure & network
Connections & network
11 connected companiesNetwork connections
Shared corporate director
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Shared corporate director
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Shared corporate director
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Show 7 more network connections
Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Shared corporate director
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Ownership & control
1 partyControl over this companysits on this company's board1
12 subsidiaries · 1 location
controls
IMMOVELDBE 0437.860.374
Recognitions · licences · registrations
Legal Entity Identifier
894500ICJE4CR8IZYL51
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 488 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-06-1989
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.