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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMOBILIERE ALL PAP from Namur, company number BE0442699882, closed financial year 2025 with a result of € -19,767 after tax. For that financial year IMMOBILIERE ALL PAP recorded a gross margin of € -1,054 and equity of € 61,844. Compared with financial year 2024, the result moved from € -20,524 to € -19,767. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 61,844
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -19,767
▲ 4 % less loss than in 2024
Profit after tax over the fiscal year.
€ 835
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -285,207.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 71,945
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17
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 | € -3,327 | € -3,135 | € -2,368 | € -1,054 | ▲ € 1,313 |
| Profit after taxes | € -15,384 | € -20,357 | € -20,524 | € -19,767 | ▲ € 757 |
| Equity | € 122,492 | € 102,136 | € 81,611 | € 61,844 | ▼ 24% |
| Total debts | € 287,543 | € 308,124 | € 325,280 | € 345,821 | ▲ 6% |
| Cash | € 4,001 | € 3,619 | € 0 | € 835 | |
| Land & buildings | € 128,767 | € 128,767 | € 128,767 | € 128,767 | |
| Retained profit | € -224,559 | € -244,915 | € -265,440 | € -285,207 | ▼ € 19,767 |
| Bank debt | € 0 | € 0 | € 10 | € 0 | ▼ 100% |
| Balance sheet total | € 410,035 | € 410,259 | € 406,892 | € 407,665 |
Key figures of IMMOBILIERE ALL PAP, 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 IMMOBILIERE ALL PAP?
What happened at IMMOBILIERE ALL PAP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 19,767. filed late Source: NBB ↗
- David BLAVIER became a director. NBB
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,384 loss in 2022 to € 19,767 loss in 2025.
Management
The stake of DM PROJET comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMOBILIERE ALL PAPBehind IMMOBILIERE ALL PAP is David BLAVIER. The shares are held by DM PROJET (100%).
Directors
According to the 2025 annual accounts
since 2022
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Jean Noël 25
5000 Namur
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.699.882
- VAT number
- BE 0442.699.882
- Registered office
- Rue Jean Noël 25, 5000 Namur
- Names & denominations
- IMMOBILIERE ALL PAP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1990
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen