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 9 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMO VM from Kortrijk, company number BE0437251650, closed financial year 2025 with a result of € 852,063 after tax. For that financial year IMMO VM recorded revenue of € 2.2 million and equity of € 25,152. Compared with financial year 2024, the result moved from € -148,983 to € 852,063. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 13, 2026.
€ 25,152
▲ € 852,063 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 852,063
▲ still € 148,983 loss in 2024
Profit after tax over the fiscal year.
€ 382,889
▲ € 360,329 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 € -6.1 million.
Debts at end 2025
€ 4.3 million
▼ 30% vs 2024
Loans from banks and other lenders, long and short.
€ 36,099
▲ € 31,352 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 10 days on average.
€ 128
▲ 2% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 52,800 | € 0 | € 2,174,070 | |
| Profit after taxes | € 2,136,237 | € -148,306 | € -148,983 | € 852,063 | ▲ € 1 million |
| Equity | € -529,622 | € -677,927 | € -826,911 | € 25,152 | ▲ € 852,063 |
| Total debts | € 5,697,253 | € 6,100,658 | € 10,737,286 | € 8,537,404 | ▼ 20% |
| Cash | € 1,064 | € 194,406 | € 22,560 | € 382,889 | ▲ € 360,329 |
| Retained profit | € -6,609,622 | € -6,757,927 | € -6,906,911 | € -6,054,848 | ▲ € 852,063 |
| Bank debt | € 1,389,000 | € 1,500,567 | € 6,150,480 | € 4,285,570 | ▼ 30% |
| Balance sheet total | € 5,167,631 | € 5,422,730 | € 9,910,375 | € 8,562,556 | ▼ 14% |
Key figures of IMMO VM, 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 IMMO VM?
What happened at IMMO VM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- AVOCAT VAN LEYNSEELE BV stepped down as director. NBB
- CAVM BV stepped down as director. NBB
- INCREMENTUM INVEST BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 852,063. filed late Source: NBB ↗
- INCREMENTUM INVEST BV became a director. NBB
- Magdalena DE ROECK stepped down as director. NBB
- CAVM BV became a director. NBB
- AVOCAT VAN LEYNSEELE BV became a director. NBB
In short
From € 2.1 million profit in 2022 to € 852,063 profit in 2025.
Paid € 94,000 in corporate taxes since 2022.
Best year ever: 2022, with € 2.1 million profit.
Pays suppliers within 10 days on average.
A new publication or filing at IMMO VM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of CARLENCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO VMThe shares are held by CARLENCO (100%).
Directors
According to the 2025 annual accounts
Director · represented by Patrick VAN LEYNSEELE
Also active at: INTERNATIONAL ROOFING CY, KNOHOPACK, TER DOENAERT, INTERNATIONAL SANITARY WARE - MANUFACTURING CY., Van Marcke Distribution, NORM, IMMOBILIERE HERMANT, VAN MARCKE TRADING GROUP +10 more
since 2020 · until 2027
Managing director · represented by Caroline VAN MARCKE
Also active at: INTERNATIONAL ROOFING CY, KNOHOPACK, TER DOENAERT, Heating Management Services, INTERNATIONAL SANITARY WARE - MANUFACTURING CY., Van Marcke Distribution, NORM, IMMOBILIERE HERMANT +18 more
since 2021 · until 2027
Magdalena DE ROECK
Director
Also active at: KNOHOPACK, VAN MARCKE TRADING GROUP, VM Weggevoerdenlaan ComCo, VAN MARCKE, VAN MARCKE FINANCE, VM RESCO
since 2010 · until 2025
Director · represented by Aldric d'OULTREMONT
Also active at: TER DOENAERT, INTERNATIONAL SANITARY WARE - MANUFACTURING CY., NORM, ELECWERKEN DE PETTER L., IMMOBILIERE HERMANT, VAN MARCKE TRADING GROUP, VM Weggevoerdenlaan ComCo, VAN MARCKE +11 more
since 2026 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
LAR Blok Z (Aal) 5
8511 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →TER DOENAERT same network
€ 261,029 revenue · 2025
Van Marcke Distribution same network
€ 12.8 million revenue · 2024
IMMOBILIERE HERMANT same network
€ 470,836 revenue · 2025
VAN MARCKE TRADING GROUP same network
€ 16.6 million revenue · 2025
VM Weggevoerdenlaan ComCo same network
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.251.650
- VAT number
- BE 0437.251.650
- Registered office
- LAR Blok Z (Aal) 5, 8511 Kortrijk
- Names & denominations
- IMMO VM · IVM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1989
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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