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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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2023
IMMO - SQUARE from Grimbergen, company number BE0440521144, closed financial year 2023 with a result of € -5,352 after tax. For that financial year IMMO - SQUARE recorded a gross margin of € 24,976 and equity of € 185,524. Compared with financial year 2022, the result moved from € -7,060 to € -5,352. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 11, 2024.
€ 185,524
▲ € 224,648 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,352
▲ 24 % less loss than in 2022
Profit after tax over the fiscal year.
€ 4,476
▼ 55% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -63,068.
Debts at end 2023
€ 278,579
▼ 6% vs 2022
€ 17,583 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 130
▼ 98% vs 2022
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 22,454 | € 7,170 | € 24,976 | ▲ 248% |
| Profit after taxes | € 15,688 | € -7,060 | € -5,352 | ▲ € 1,708 |
| Equity | € -32,064 | € -39,124 | € 185,524 | ▲ € 224,648 |
| Total debts | € 99,004 | € 630,897 | € 390,818 | ▼ 38% |
| Cash | € 485 | € 9,956 | € 4,476 | ▼ 55% |
| Land & buildings | € 64,355 | € 581,040 | € 570,293 | ▼ 2% |
| Retained profit | € -50,656 | € -57,716 | € -63,068 | ▼ € 5,352 |
| Bank debt | € 12,075 | € 295,683 | € 278,579 | ▼ 6% |
| Balance sheet total | € 66,940 | € 591,773 | € 576,342 | ▼ 3% |
Key figures of IMMO - SQUARE, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to IMMO - SQUARE?
What happened at IMMO - SQUARE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 5,352. filed late Source: NBB ↗
- Isabelle DE SMET became a director. NBB
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,688 profit in 2021 to € 5,352 loss in 2023.
Best year ever: 2021, with € 15,688 profit.
Management
Behind IMMO - SQUARE is Isabelle DE SMET.
Directors
According to the 2023 annual accounts
Isabelle DE SMET
Manager
since 2005
Establishments
Establishment units
Physical locations of this company
Karenbergstraat 20
1853 Grimbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.521.144
- VAT number
- BE 0440.521.144
- Registered office
- Karenbergstraat 20, 1853 Grimbergen
- Names & denominations
- IMMO - SQUARE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 May 1990
- Peppol
- Not registered