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 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Immocar from Knokke-Heist, company number BE0422059272, closed financial year 2025 with a result of € 369,435 after tax. For that financial year Immocar recorded a gross margin of € 591,321 and equity of € 403,271. Compared with financial year 2024, the result moved from € -114,902 to € 369,435. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 403,271
▲ € 369,435 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 369,435
▲ still € 114,902 loss in 2024
Profit after tax over the fiscal year.
€ 228,913
▲ € 183,792 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 € 22,071.
Debts at end 2025
€ 460,669
▼ 11% vs 2024
€ 57,167 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 2,973
▲ 36% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 26,003
▼ 23% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 134,933 | € 139,411 | € 144,662 | € 591,321 | ▲ € 446,660 |
| Profit after taxes | € -56,514 | € -81,353 | € -114,902 | € 369,435 | ▲ € 484,337 |
| Equity | € 230,091 | € 148,738 | € 33,836 | € 403,271 | ▲ € 369,435 |
| Total debts | € 2,032,126 | € 2,030,217 | € 2,032,856 | € 1,528,354 | ▼ 25% |
| Cash | € 39,009 | € 31,905 | € 45,121 | € 228,913 | ▲ € 183,792 |
| Land & buildings | € 2,189,319 | € 2,098,179 | € 1,993,257 | € 1,680,505 | ▼ 16% |
| Retained profit | € -151,109 | € -232,462 | € -347,364 | € 22,071 | ▲ € 369,435 |
| Bank debt | € 628,221 | € 573,013 | € 517,175 | € 460,669 | ▼ 11% |
| Balance sheet total | € 2,262,217 | € 2,178,956 | € 2,066,693 | € 1,931,625 | ▼ 7% |
Key figures of Immocar, 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 Immocar?
What happened at Immocar in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Luc Morel stepped down as director. NBB
- Yves Morel stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 369,435. filed late Source: NBB ↗
- Luc Morel became a director. NBB
- Yves Morel became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,514 loss in 2022 to € 369,435 profit in 2025.
Best year ever: 2025, with € 369,435 profit.
Management
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Yves Morel
Managing director
Also active at: MOREL OPTICIENS, OPTIC GALLERY, MORELIMMO, SONKES, OPTICIENS SOTIAUX
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Zegemeerpad 4 box A/O
8300 Knokke-Heist
Zegemeerpad 4 A
8300 Knokke-Heist
Active since 31 January 1990
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.059.272
- VAT number
- BE 0422.059.272
- Registered office
- Zegemeerpad 4 bus A/O, 8300 Knokke-Heist
- Names & denominations
- Immocar
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 October 1981
- Peppol
- Active · Active since 9 Mar 2026