Financials
- Financial year
- 2025
- Total assets
- €17.7m
- Loss
- -€4.3m
- Solvency
- 18.7%
Total assets▼ 18.9%
Net result
20182025
IMMO HORECA MECHELEN
ActiveSummary
The computed 12-month bankruptcy probability of IMMO HORECA MECHELEN is 2.9% (moderate). The annual accounts of IMMO HORECA MECHELEN for financial year 2025 show a net loss of 57% of the equity at the start of that year. The 2025 annual accounts show equity of €3.3m and a net result of -€4.3m. Equity remains stable across the filed financial years (±0.5% per year). The company has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€17.7mtotal assets 2025
- Equity
- €3.3m
- Loss
- -€4.3m
Structure
- Parent
- Alken-Maes · 73.33%
- Kenny WillemsManaging director
- Jose Castillo MartinezDirector
- Maarten SchuurmanDirector
Auditor: KPMG Bedrijfsrevisoren BVAccounts filed 59 days late
Why 48raises riskLiquidity: current ratio 0.01Latest accounts 59 days late; 1 of the last 3 late1 change of registered office in 24 monthslowers riskSize: total assets €17.7mShow the evidence
Checked score
Score 2025
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 9% of its sector peers (no NACE code, medium-sized)
Financial strength · tick = 2024
Weak
Solvency
44-16
equity 18.7% of total assets
Liquidity
14-19
short-term debt 79.0%
Profitability
0-71
return on assets -24.5%
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.4%▲ +0.1 percentage points vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.4%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.3%● unchanged vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.4%▲ +0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.9%▲ +0.5 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 1.0%▲ +0.1 percentage points vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.8%▲ +0.6 percentage points vs 07-2026
09-2026: 2.3%▲ +0.5 percentage points vs 08-2026
10-2026: 2.9%▲ +0.6 percentage points vs 09-2026highest value
Credit of up to €150,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.01, compared with 0.02 in 2024, below 1; short-term debt: 79% of total assets), and 81.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized): better than 21% on solvency, 10% on liquidity, 2% on profitability and 4% on growth.
The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
59 days late
2024
7 days early
2023
16 days early
2022
5 days early
2021
4 days early
2020
19 days late
2019
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
18-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Appointments: Maarten Schuurman, Jose Castillo Martinez…Resignations: Gwendi Hernalsteen (director) and…
- Registered officeRegistered-office move
Key points
By topic
Board & ownership
- Board
- 3 members
- Parent
- Alken-Maes · 73.33%
- Known shareholders
- 100%
- Auditor
- KPMG Bedrijfsrevisoren BV
- Kenny WillemsManaging director
- Jose Castillo MartinezDirector
- Maarten SchuurmanDirector
Network & group
- Group
- HEINEKEN NV
- Connected companies
- 5
Timeline
- Events
- 63
- Since
- 2004
- Next accounts
- by 31-07-2027
- 31-12-2025Weakest financial year
- 25-09-2025Resignation: Marc Josephus Jitta (director)
- 30-07-2025Resignation: Deloitte Bedrijfsrevisoren BV (statutory auditor)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Founded
- 26-11-2002
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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