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.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
43 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMOGRADA from Sint-Martens-Latem, company number BE0442319802, closed financial year 2025 with a result of € -831,590 after tax. For that financial year IMMOGRADA recorded revenue of € 633,353 and equity of € 2.7 million. Compared with financial year 2024, the result moved from € -2 million to € -831,590. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 2.7 million
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -831,590
▲ 59 % less loss than in 2024
Profit after tax over the fiscal year.
€ 205,225
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.3 million.
People and assets in 2025
0
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4,546
▼ 53% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 80,771
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11 million
Loans from banks and other lenders, long and short.
€ 2.7 million
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 60 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,638,809 | € 30,143,672 | € 1,197,611 | € 633,353 | ▼ 47% |
| Profit after taxes | € -564,432 | € 2,079,985 | € -2,037,522 | € -831,590 | ▲ € 1.2 million |
| Equity | € 3,470,120 | € 5,550,105 | € 3,512,583 | € 2,680,994 | ▼ 24% |
| Total debts | € 4,255,722 | € 7,757,517 | € 21,126,006 | € 44,681,595 | ▲ 112% |
| Cash | € 1,473,127 | € 505,309 | € 237,738 | € 205,225 | ▼ 14% |
| Retained profit | € 3,042,120 | € 5,122,105 | € 3,084,583 | € 2,252,994 | ▼ 27% |
| Dividend | € 5,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 4,877 | € 700 | € 0 | € 11,010,273 | |
| Balance sheet total | € 7,725,841 | € 13,307,622 | € 24,638,589 | € 47,362,588 | ▲ 92% |
| Employees (FTE) | 0.6 | 0.2 | 0.2 | 0 | ▼ 0.2 |
Key figures of IMMOGRADA, 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 IMMOGRADA?
What happened at IMMOGRADA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vibel BV stepped down as director. NBB
- Ticaconsult BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 831,590. Source: NBB ↗
- Vibel BV became a director. NBB
- Ticaconsult BV became a director. NBB
- New establishment in Sint-Martens-Latem. KBO
- Start of the company according to the CBE. KBO
In short
From € 564,432 loss in 2022 to € 831,590 loss in 2025.
Paid € 512,638 in corporate taxes since 2022.
Best year ever: 2023, with € 2.1 million profit.
Paid out € 5 million in dividends to the owners in total.
Management
The stake of STRACO REAL ESTATE DEVELOPMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOGRADAThe shares are held by STRACO REAL ESTATE DEVELOPMENT (100%). It owns 35% of Kanaelzicht itself.
Directors
According to the 2025 annual accounts
Director · represented by Carl - Philip DE VILLEGAS DE CLERCAMP
Also active at: NEDCO, TER DOENAERT, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, VM Weggevoerdenlaan ComCo, VAN MARCKE PROPERTIES +44 more
since 2022 · until 2028
Director · represented by Erik VAN DEN EYNDEN
Also active at: NEDCO, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, HANSIMMO, ODEBRECHT, IMMO WATERLOO 66 +16 more
since 2022 · until 2028
Shareholders
Participations
35%
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 157
9830 Sint-Martens-Latem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 43 companies are registered at this address.
All companies at this address →NEDCO same network
€ 771,291 revenue · 2025
PATIGNY
€ 1.2 million revenue · 2025
Immo V.V.L. Leuven same network
€ 4 million revenue · 2025
HET SWYN ofte OUDE HAVEN
€ 13,595 gross margin · 2025
IMMOCOR same network
€ -8,147 gross margin · 2025
+38 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Zoho Mail
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0442.319.802
- VAT number
- BE 0442.319.802
- Registered office
- Kortrijksesteenweg 157, 9830 Sint-Martens-Latem
- Names & denominations
- IMMOGRADA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 October 1990
- Peppol
- Active · Active since 10 Jul 2025
- Contact
- stracorealestate.be
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
Organisatie van congressen en beurzen
Organisatie van salons, tentoonstellingen en beurzen