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 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMOGEMA from Maaseik, company number BE0439715747, closed financial year 2025 with a result of € 170,874 after tax. For that financial year IMMOGEMA recorded a gross margin of € 440,117 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € 106,403 to € 170,874. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 1.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 170,874
▲ 61% vs 2024
Profit after tax over the fiscal year.
€ 187,966
▲ 230% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 164,393 paid out
96 % of the profit went to the shareholders, mostly to HOGEMA (100 % of the shares). That is where the money ends up.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 827,350
▼ 13% vs 2024
€ 265,623 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,741
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 44,329
▼ 2% 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 | € 306,893 | € 361,931 | € 394,480 | € 440,117 | ▲ 12% |
| Profit after taxes | € 63,427 | € 24,103 | € 106,403 | € 170,874 | ▲ 61% |
| Equity | € 1,158,467 | € 1,182,569 | € 1,288,972 | € 1,295,453 | ▲ 1% |
| Total debts | € 2,453,464 | € 2,328,381 | € 2,041,461 | € 1,946,876 | ▼ 5% |
| Cash | € 123,068 | € 89,017 | € 56,935 | € 187,966 | ▲ 230% |
| Land & buildings | € 3,455,374 | € 3,232,619 | € 3,165,093 | € 3,043,458 | ▼ 4% |
| Retained profit | € 424,467 | € 448,569 | € 554,972 | € 561,453 | ▲ 1% |
| Dividend | € 0 | € 0 | € 0 | € 164,393 | |
| Bank debt | € 1,432,750 | € 1,318,089 | € 945,824 | € 827,350 | ▼ 13% |
| Balance sheet total | € 3,633,365 | € 3,531,216 | € 3,349,529 | € 3,260,256 | ▼ 3% |
Key figures of IMMOGEMA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to IMMOGEMA?
What happened at IMMOGEMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Stefan Geelissen stepped down as director. NBB
- Anna Hinoul stepped down as director. NBB
- Hogema stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 170,874 (▲ 61% vs 2024). Source: NBB ↗
- Stefan Geelissen became a director. NBB
- Anna Hinoul became a director. NBB
- Hogema became a director. NBB
- New establishment in Maaseik. KBO
In short
From € 63,427 profit in 2022 to € 170,874 profit in 2025.
Paid € 136,619 in corporate taxes since 2022.
Best year ever: 2025, with € 170,874 profit.
Paid out € 164,393 in dividends to the owners in total.
Management
The stake of HOGEMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOGEMAThe shares are held by HOGEMA (99.6%).
Directors
According to the 2025 annual accounts
Shareholders
99.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Kerkstraat 31
3680 Maaseik
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.715.747
- VAT number
- BE 0439.715.747
- Registered office
- Grote Kerkstraat 31, 3680 Maaseik
- Names & denominations
- IMMOGEMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1989
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen