Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
IMMOTRION from Gent, company number BE0437663109, closed financial year 2025 with a result of € -807,698 after tax. For that financial year IMMOTRION recorded a gross margin of € 236,982 and equity of € 4.8 million. Compared with financial year 2024, the result moved from € -170,891 to € -807,698. The company made a loss. 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 May 29, 2026.
€ 4.8 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -807,698
▼ 373 % more loss than in 2024
Profit after tax over the fiscal year.
€ 82,359
▲ € 63,507 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.7 million.
Debts at end 2025
€ 3.9 million
▼ 10% vs 2024
€ 528,228 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 835
▼ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,270
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 403,907 | € 386,771 | € 237,422 | € 236,982 | |
| Profit after taxes | € 11,148 | € -39,768 | € -170,891 | € -807,698 | ▼ € 636,807 |
| Equity | € 5,770,032 | € 5,730,264 | € 5,559,373 | € 4,751,675 | ▼ 15% |
| Total debts | € 5,340,856 | € 4,822,820 | € 4,421,845 | € 3,958,164 | ▼ 10% |
| Cash | € 17,644 | € 9,295 | € 18,851 | € 82,359 | ▲ € 63,507 |
| Land & buildings | € 9,710,020 | € 9,353,224 | € 9,091,346 | € 8,087,128 | ▼ 11% |
| Retained profit | € 3,670,032 | € 3,630,264 | € 3,459,373 | € 2,651,675 | ▼ 23% |
| Bank debt | € 5,274,443 | € 4,803,060 | € 4,343,924 | € 3,918,073 | ▼ 10% |
| Balance sheet total | € 12,271,170 | € 11,657,416 | € 10,994,675 | € 9,655,705 | ▼ 12% |
| Employees (FTE) | 0.7 | 0.7 | 0 | - |
Key figures of IMMOTRION, 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 IMMOTRION?
What happened at IMMOTRION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Isabelle De Bruyn stepped down as director. NBB
- Philip De Bruyn stepped down as director. NBB
- Ignaas Vandenabeele stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 807,698. Source: NBB ↗
- Isabelle De Bruyn became a director. NBB
- Philip De Bruyn became a director. NBB
- Ignaas Vandenabeele became a director. NBB
- New establishment in Gent. KBO
In short
From € 11,148 profit in 2022 to € 807,698 loss in 2025.
Paid € 50,142 in corporate taxes since 2022.
Best year ever: 2022, with € 11,148 profit.
Management
The stake of CANAL PROPERTIES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOTRIONThe shares are held by CANAL PROPERTIES (100%).
Directors
According to the 2025 annual accounts
Isabelle De Bruyn
Director
Also active at: VANDEN BRUYN, CANAL PROPERTIES, DE VOORKANT, SOUVERAIN 400, TARGET INVEST, DEBINCO, EVERSITE, CANAL CONSTRUCT +5 more
since 2022 · until 2028
Philip De Bruyn
Director
Also active at: VEFIBEL, OPUS +, CANAL PROPERTIES, DEBINCO, DOUTERLOIGNE BETON, PREFAXIS
since 2022 · until 2028
Ignaas Vandenabeele
Director
Also active at: VANDEN BRUYN, CANAL PROPERTIES, DE VOORKANT, SOUVERAIN 400, TARGET INVEST, EVERSITE, CANAL CONSTRUCT, BLEU +6 more
since 2022 · until 2028
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gordunakaai 87
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →VANDEN BRUYN same network
€ 304,268 gross margin · 2025
CANAL PROPERTIES same network
€ 1.5 million gross margin · 2025
DE VOORKANT same network
€ 1.2 million gross margin · 2025
TARGET INVEST same network
€ -1,604 gross margin · 2025
EVERSITE same network
€ -2,696 gross margin · 2025
+4 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
- 0437.663.109
- VAT number
- BE 0437.663.109
- Registered office
- Gordunakaai 87, 9000 Gent
- Names & denominations
- IMMOTRION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 June 1989
- Peppol
- Active · Active since 14 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Ontwikkeling van niet-residentiële bouwprojecten
Algemene bouw van residentiële gebouwen
Handel in eigen onroerend goed