IMMO MONTOYER
ActiveSummary
IMMO MONTOYER has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27.44M and a net result of €1.16M. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-2
Solvency100=
Growth68=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €460k at 30 days acceptable
Liquidity ample (current ratio 5.51 against 15.68 in 2024; short-term debt: 7.5% and cash: 4% of total assets), and 7.5% 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
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 · 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
92.5%
Return on assets
3.9%
Age of the figures
9 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
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 22-04-2026, 100 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
100 d early
2024
98 d early
2023
43 d early
2022
54 d early
2021
95 d early
2020
72 d early
2019
50 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, full schema
Turnover
€4.67M▲ 4.5%
2024 · €4.47M
2018: €3.40M
2019: €3.93M
2020: €3.74M
2021: €3.75M
2022: €3.96M
2023: €4.27M
2024: €4.47M
2018 → 2025
EBIT margin
31.4%▼ 8.4pp
2024 · 39.8%
2018: 25.3%
2019: 34.5%
2020: 33.7%
2021: 33.9%
2022: 32.5%
2023: 40.1%
2024: 39.8%
2018 → 2025
Net result
€1.16M▼ 19.9%
2024 · €1.45M
2018: €546k
2019: €909k
2020: €886k
2021: €962k
2022: €960k
2023: €1.29M
2024: €1.45M
2018 → 2025
Working capital
€10.07M▲ 21.2%
2024 · €8.31M
2018: €-527k
2019: €60k
2020: €1.28M
2021: €2.91M
2022: €4.55M
2023: €6.60M
2024: €8.31M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.75M-€3.96M▲ 5.5%€4.27M▲ 7.8%€4.47M▲ 4.9%€4.67M▲ 4.5%
Equity€22.58M-€23.54M▲ 4.3%€24.83M▲ 5.5%€26.28M▲ 5.8%€27.44M▲ 4.4%
Operating result€1.27M-€1.29M▲ 1.2%€1.71M▲ 32.9%€1.78M▲ 4.0%€1.47M▼ 17.6%
Net result€962k-€960k▼ 0.3%€1.29M▲ 34.8%€1.45M▲ 12.1%€1.16M▼ 19.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.68M
Fixed assets
€17.39M ▼ 3.3%
Current assets
€12.30M ▲ 38.6%
Equity and liabilities €29.68M
Equity
€27.44M ▲ 4.4%
Debt
€2.24M ▲ 288%
Debt's share of the balance-sheet total rises from 2.1% to 7.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2.24M▼
2024 · €2.51M
Cash flow
€1.93M▼
2024 · €2.18M
Current ratio
5.51▼
2024 · 15.68
Debt to equity
0.08▲
2024 · 0.02
ROE
4.2%▼
2024 · 5.5%
ROA
3.9%▼
2024 · 5.4%
Interest coverage
5242.37▼
2024 · 6732.94
Debt ≤ 1 year
€2.23M▲
2024 · €566k
Income taxes
€421k▼
2024 · €509k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€26.86M€29.68M▲
Formation expenses20-€0
Fixed assets21/28€17.99M€17.39M▼
Intangible fixed assets21€7k€7k▲
Tangible fixed assets22/27€17.98M€17.38M▼
Land and buildings22€17.21M€16.58M▼
Plant, machinery and equipment23€736k€752k▲
Other tangible fixed assets26€36k€45k▲
Current assets29/58€8.87M€12.30M▲
Amounts receivable within one year40/41€276k€1.91M▲
Trade receivables40€146k€1.77M▲
Other amounts receivable41€130k€142k▲
Current investments50/53€4.62M€9.12M▲
Other investments51/53€4.62M€9.12M▲
Cash at bank and in hand54/58€3.91M€1.19M▼
Deferred charges and accrued income490/1€65k€68k▲
Equity and liabilities
Total equity and liabilities10/49€26.86M€29.68M▲
Equity10/15€26.28M€27.44M▲
Contributions10/11€11.18M€11.18M=
Capital10€11.18M€11.18M=
Issued capital100€11.18M€11.18M=
Reserves13€756k€815k▲
Non-distributable reserves130/1€756k€815k▲
Legal reserve130€756k€815k▲
Profit (loss) carried forward14€14.34M€15.45M▲
Amounts payable17/49€577k€2.24M▲
Amounts payable within one year42/48€566k€2.23M▲
Trade debts44€528k€2.21M▲
Suppliers440/4€528k€2.21M▲
Taxes, remuneration and social security45€37k€17k▼
Taxes450/3€37k€17k▼
Accrued charges and deferred income492/3€11k€8k▼
Income statement
Code20242025
Operating income70/76A€4.49M€4.69M▲
Turnover70€4.47M€4.67M▲
Other operating income74€16k€17k▲
Operating charges60/66A€2.71M€3.22M▲
Services and other goods61€1.33M€1.70M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€732k€772k▲
Other operating charges640/8€647k€749k▲
Operating profit (loss)9901€1.78M€1.47M▼
Financial income75/76B€181k€118k▼
Recurring financial income75€181k€118k▼
Income from current assets751€181k€118k▼
Financial charges65/66B€373€428▲
Recurring financial charges65€373€427▲
Other financial charges652/9€373€427▲
Non-recurring financial charges66B-€1
Profit (loss) for the period before taxes9903€1.96M€1.58M▼
Income taxes67/77€509k€421k▼
Taxes670/3€509k€421k▼
Profit (loss) for the period9904€1.45M€1.16M▼
Profit (loss) for the period to be appropriated9905€1.45M€1.16M▼
Appropriation of the result
Profit (loss) to be appropriated9906€14.42M€15.50M▲
Profit (loss) brought forward from the previous period14P€12.96M€14.34M▲
Transfer to equity691/2€73k€58k▼
To the legal reserve6920€73k€58k▼
The notes to these accounts (30 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
22-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-05
State Gazette act
MiscellaneousBoard meeting1 fact ▸
State Gazette act
Miscellaneous
Board meeting1 fact ▸
- Board meeting, 27-03-2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.45M ▲12.1%
Operating result €1.78M, net result €1.45M, both a record.
31-12
Financial
Equity above €25MEq €26.28M ▲5.8%
7 profitable years in a row build equity to €26.28M.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
05-04
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Jean-François Kupper3 facts ▸
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Jean-François Kupper3 facts ▸
- General meeting, 11-04-2023
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Jean-François Kupper
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
18-05
State Gazette act
Reappointments: Dirk Terweduwe, Frank Vanwingh and Nabil Jijakli4 facts ▸
State Gazette act
Reappointments: Dirk Terweduwe, Frank Vanwingh and Nabil Jijakli
4 facts ▸
- General meeting, 12-04-2022
- Director reappointment, Dirk Terweduwe (director)
- Director reappointment, Frank Vanwingh (director)
- Director reappointment, Nabil Jijakli (director)
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 20.55
Current ratio from 7.14 to 20.55; short-term debt falls from €209k to €149k.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
19-04
State Gazette act
Statutes amendmentCapital7 facts ▸
State Gazette act
Statutes amendment
Capital7 facts ▸
- General meeting, 01-04-2021
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Capital, €11.182.940
- Statutes amendment
2020
31-12
Financial
Liquidity times 7current ratio 7.14
Current ratio from 1.07 to 7.14; short-term debt falls from €851k to €209k.
01-10
State Gazette act
Appointment: KPMG Réviseurs d'Entreprises SCRL (statutory auditor)Permanent representative: Jean-François Kupper3 facts ▸
State Gazette act
Appointment: KPMG Réviseurs d'Entreprises SCRL (statutory auditor)
Permanent representative: Jean-François Kupper3 facts ▸
- General meeting, 14-04-2020
- Auditor appointment, KPMG Réviseurs d'Entreprises SCRL (statutory auditor)
- Permanent representative, Jean-François Kupper
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-08
State Gazette act
Appointment: SCCRL PriceWaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)Permanent representative: Kurt Cappoen3 facts ▸
State Gazette act
Appointment: SCCRL PriceWaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
Permanent representative: Kurt Cappoen3 facts ▸
- General meeting, 01-06-2017
- Auditor appointment, SCCRL PriceWaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
- Permanent representative, Kurt Cappoen
17-07
State Gazette act
Registered office · MiscellaneousStatutes amendment · Power of attorney8 facts ▸
State Gazette act
Registered office · Miscellaneous
Statutes amendment · Power of attorney8 facts ▸
- Board meeting, 27-06-2017
- Statutes amendment
- Power of attorney, Thibaut De Haene
- Power of attorney, Céline De Vree
- Power of attorney, Dirk Strobbe
- Power of attorney, William Schoenmakers
- Power of attorney, Magali de Fooz
- Board resolution, Constatation que l'assemblée générale extraordinaire du 17 mars 2017 n'a jamais eu lieu, que son procès-verbal a été forgé, et que cet acte frauduleux est nul e…
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
11-04
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 17-03-2017
- Registered-office move, AVENUE DES VOLONTAIRES 19-1160 AUDERGHEM
2016
20-07
State Gazette act
Reappointments: Dirk Terweduwe, Frank Vanwingh and Nabil JijakliAppointment: PwC Reviseurs d'Entreprises SCCRL (statutory auditor)5 facts ▸
State Gazette act
Reappointments: Dirk Terweduwe, Frank Vanwingh and Nabil Jijakli
Appointment: PwC Reviseurs d'Entreprises SCCRL (statutory auditor)5 facts ▸
- General meeting, 22-06-2016
- Director reappointment, Dirk Terweduwe (director)
- Director reappointment, Frank Vanwingh (director)
- Director reappointment, Nabil Jijakli (director)
- Auditor appointment, PwC Reviseurs d'Entreprises SCCRL (statutory auditor)
2015
15-07
State Gazette act
Appointment: Nabil Jijakli (director)2 facts ▸
State Gazette act
Appointment: Nabil Jijakli (director)
2 facts ▸
- General meeting, 16-06-2015
- Director appointment, Nabil Jijakli (director)
27-04
State Gazette act
Appointment: SCCRL PriceWaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)2 facts ▸
State Gazette act
Appointment: SCCRL PriceWaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
2 facts ▸
- General meeting, 27-05-2014
- Auditor appointment, SCCRL PriceWaterhouseCoopers Reviseurs d'Entreprises (statutory auditor)
2012
15-10
State Gazette act
Statutes amendment1 fact ▸
State Gazette act
Statutes amendment
1 fact ▸
- Statutes amendment
10-01
State Gazette act
Appointment: SCCRL PwC Reviseurs d'Entreprises (statutory auditor)Permanent representative: Roland Jeanquart · Resignation: Mazars Réviseurs d'Entreprises SCRL (statutory auditor)4 facts ▸
State Gazette act
Appointment: SCCRL PwC Reviseurs d'Entreprises (statutory auditor)
Permanent representative: Roland Jeanquart · Resignation: Mazars Réviseurs d'Entreprises SCRL (statutory auditor)4 facts ▸
- General meeting, 16/09/2011
- Auditor appointment, SCCRL PwC Reviseurs d'Entreprises (statutory auditor)
- Permanent representative, Roland Jeanquart
- Auditor resignation, Mazars Réviseurs d'Entreprises SCRL
2011
21-03
State Gazette act
Resignation: Alain Flabat (director)2 facts ▸
State Gazette act
Resignation: Alain Flabat (director)
2 facts ▸
- Board meeting, 09-03-2011
- Director resignation, Alain Flabat (director)
2010
11-05
State Gazette act
Resignations: Yves Windelincx, Alain Flabat and 2 othersAppointments: Dirk Terweduwe, Alain Flabat and Frank Vanwingh · Mandate compensation11 facts ▸
State Gazette act
Resignations: Yves Windelincx, Alain Flabat and 2 others
Appointments: Dirk Terweduwe, Alain Flabat and Frank Vanwingh · Mandate compensation11 facts ▸
- General meeting, 13-04-2010
- Director resignation, Yves Windelincx (director)
- Director resignation, Alain Flabat (director)
- Director resignation, Alain Huart (director)
- Director resignation, Dirk Terweduwe (director)
- Director appointment, Dirk Terweduwe (director)
- Director appointment, Alain Flabat (director)
- Director appointment, Frank Vanwingh (director)
- Mandate compensation, Dirk Terweduwe
- Mandate compensation, Alain Flabat
- Mandate compensation, Frank Vanwingh
2004
27-12
State Gazette act
Reappointments: Yves WINDELINCX (director) and Alain FLABAT (director)Resignation: Frank VANWINGH (director) · Appointments: HUART Alain Daniel Pierre François Jean Jacques (director) and TERWEDUWE Dirk (director) · Statutes amendment15 facts ▸
State Gazette act
Reappointments: Yves WINDELINCX (director) and Alain FLABAT (director)
Resignation: Frank VANWINGH (director) · Appointments: HUART Alain Daniel Pierre François Jean Jacques (director) and TERWEDUWE Dirk (director) · Statutes amendment15 facts ▸
- General meeting, 02-12-2004
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Director reappointment, Yves WINDELINCX (director)
- Director reappointment, Alain FLABAT (director)
- Director resignation, Frank VANWINGH (director)
- Director appointment, HUART Alain Daniel Pierre François Jean Jacques (director)
- +3 further facts in this act
2002
17-09
State Gazette act
Resignations: Guiducci, Goblet and 2 othersAppointments: Windelincx, Vincke and Debois · Mandate compensation · Mandate scope15 facts ▸
State Gazette act
Resignations: Guiducci, Goblet and 2 others
Appointments: Windelincx, Vincke and Debois · Mandate compensation · Mandate scope15 facts ▸
- Board meeting, 30-04-2002
- Director resignation, Guiducci (director)
- Director resignation, Goblet (director)
- Director appointment, Windelincx (director)
- Director resignation, Uzgem (director)
- Director appointment, Vincke (director)
- Director resignation, Behiels (director)
- Director appointment, Debois (director)
- Director appointment, Windelincx (délégation à la gestion journalière)
- Director appointment, Vincke (délégation à la gestion journalière)
- Mandate compensation, Windelincx
- Mandate compensation, Vincke
- +3 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
Directors · office · real estate
Directors
under verification, no change since 2022
This board is reconstructed from a single act (22060730). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Nabil Jijakli
CurrentDirector · since 16-06-2015
TERWEDUWE Dirk
CurrentDirector · since 13-04-2010
VANWINGH Frank
CurrentDirector · since 13-04-2010
HUART Alain Daniel Pierre François Jean Jacques
Not recently confirmedDirector · since 02-12-2004
Debois
Not recently confirmedDirector · since 17-09-2002
Vincke
Not recently confirmedDirector · since 17-09-2002
1 other director
Windelincx
Not recently confirmedDirector · since 17-09-2002
12-04-2022
Nabil Jijakli: Mandate renewed as Director
12-04-2022
Nabil Jijakli: Mandate renewed as Director
12-04-2022
TERWEDUWE Dirk: Mandate renewed as Director
12-04-2022
TERWEDUWE Dirk: Mandate renewed as Director
12-04-2022
VANWINGH Frank: Mandate renewed as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2001
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.
Montoyerstraat 31000 BrusselGround area
9,251 m²
Building footprint
2,432 m²
Volume, LiDAR
58,938 m³
2 parcels, Brussels · tallest building 34.4 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
Terhulpsesteenweg 130, 1000 Brussel
since 20012.101.343.365
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0530/00A000 | Brussels | 7,566 m² | 1 · 1,645 m² | 34.4 m · 8 fl. |
| 21805E0466/00F000 | Brussels | 1,685 m² | 1 · 787 m² | 33.4 m · 10 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.
Statutory auditor
2 auditors| KPMG Bedrijfsrevisoren BVCurrent Statutory auditor · represented by Jean-François Kupper | 11-04-2023 → present |
| KPMG Réviseurs d'Entreprises SRLCurrent Auditor · represented by Jean-François Kupper | 11-04-2023 → present |
Show 3 earlier auditors
| KPMG Réviseurs d'Entreprises SCRL Statutory auditor · represented by Jean-François Kupper succeeded by KPMG Bedrijfsrevisoren BV in 2023 | 14-04-2020 → 11-04-2023 |
| PriceWaterhouseCoopers Réviseurs d'Entreprises SCCRL Statutory auditor · represented by Kurt Cappoen succeeded by KPMG Réviseurs d'Entreprises SCRL in 2020 | 27-05-2014 → 14-04-2020 |
| SCCRL PwC Réviseurs d'Entreprises Statutory auditor · represented by Kurt Cappoen succeeded by PriceWaterhouseCoopers Réviseurs d'Entreprises SCCRL in 2014 | 10-01-2012 → 27-05-2014 |
Articles of association
Purpose
Allerhande verrichtingen met betrekking tot onroerend goed, met name de aankoop, verkoop, de realisatie, de opwaardering, de bouw, de inbezitneming, de verbouwing, de exploitatie…
Full purpose
Allerhande verrichtingen met betrekking tot onroerend goed, met name de aankoop, verkoop, de realisatie, de opwaardering, de bouw, de inbezitneming, de verbouwing, de exploitatie, het beheer, het verhuren en de verkaveling van allerhande onroerende goederen. De vennootschap kan in België of in het buitenland alle verrichtingen uitvoeren, van industriële, commerciële, financiële aard, met betrekking tot roerend of onroerend goed, die haar handelssector en haar activiteiten direct of indirect begunstigen of uitbreiden. Ze kan op allerlei wijze deelnemen in alle zaken, ondernemingen of vennootschappen waarvan het voorwerp gelijk, analoog of verwant is, of die van aard zijn om de ontwikkeling van haar onderneming te begunstigen, haar grondstoffen te verschaffen of het haar vergemakkelijken haar producten af te zetten, zelfs met hen fuseren.
Structure & network
Connections & network
6 connected companiesLinked via shared directors
via TERWEDUWE Dirk and VANWINGH Frank · Director
→
via TERWEDUWE Dirk and VANWINGH Frank
former→
Shared director
→
Shared director
→
Show 2 more companies with a shared director
Shared director
→
Shared director
→
Capital and shareholders
Capital over the years
- 19-04-2021 Capital stated in the act · 11,182,940 EUR · 18,037 shares
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 953 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
Founded27-03-2001
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.