Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Immoward from Brussel, company number BE0415513752, closed financial year 2025 with a result of € 34,687 after tax. For that financial year Immoward recorded a gross margin of € 123,454 and equity of € 17.2 million. Compared with financial year 2024, the result moved from € -143,640 to € 34,687. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 28, 2026.
€ 17.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,687
▲ still € 143,640 loss in 2024
Profit after tax over the fiscal year.
€ 248,383
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -4.7 million.
People and assets in 2025
€ 337,861
▼ 1% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 14,391
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1,119
Loans from banks and other lenders, long and short.
€ 249,190
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 47,455
▼ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 167,642 | € 316,615 | € 64,323 | € 123,454 | ▲ 92% |
| Profit after taxes | € -408,921 | € -666,775 | € -143,640 | € 34,687 | ▲ € 178,326 |
| Equity | € 18,259,091 | € 17,510,034 | € 17,284,111 | € 17,236,514 | |
| Total debts | € 3,232,851 | € 3,264,961 | € 3,282,224 | € 3,251,230 | ▼ 1% |
| Cash | € 1,500,396 | € 849,735 | € 447,554 | € 248,383 | ▼ 45% |
| Land & buildings | € 15,295,857 | € 15,265,886 | € 15,182,184 | € 14,819,917 | ▼ 2% |
| Retained profit | € -3,884,606 | € -4,551,381 | € -4,695,021 | € -4,660,334 | ▲ € 34,687 |
| Bank debt | € 75,000 | € 0 | € 0 | € 1,119 | |
| Balance sheet total | € 21,491,943 | € 20,774,995 | € 20,566,335 | € 20,487,745 |
Key figures of Immoward, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Immoward?
What happened at Immoward in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SolIne de LOOZ CORSWAREM stepped down as director. NBB
- Maurice GRULOIS stepped down as director. NBB
- Nicolas du CHASTEL de la HOWARDERIE stepped down as director. NBB
- Pauline du CHASTEL de la HOWARDERIE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 34,687. filed late Source: NBB ↗
- SolIne de LOOZ CORSWAREM became a director. NBB
- Maurice GRULOIS became a director. NBB
- Nicolas du CHASTEL de la HOWARDERIE became a director. NBB
In short
From € 408,921 loss in 2022 to € 34,687 profit in 2025.
Paid € 1,126 in corporate taxes since 2022.
Best year ever: 2025, with € 34,687 profit.
Management
The stake of BELIBERG comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ImmowardThe shares are held by BELIBERG (48.7%).
Directors
According to the 2025 annual accounts
SolIne de LOOZ CORSWAREM
Director
since 2021 · until 2027
Maurice GRULOIS
Managing director
since 2021 · until 2027
Nicolas du CHASTEL de la HOWARDERIE
Managing director
since 2021 · until 2027
Pauline du CHASTEL de la HOWARDERIE
Director
since 2021 · until 2027
Shareholders
48.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Uruguaylaan 21
1000 Brussel
Rue des Emmanuel(W-V) 5
7620 Brunehaut
Active since 1 January 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0415.513.752
- VAT number
- BE 0415.513.752
- Registered office
- Uruguaylaan 21, 1000 Brussel
- Names & denominations
- Immoward
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 1975
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Gemengd bedrijf
Gemengd landbouwbedrijf
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis