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 58 % of short-term debt in 2025; threshold 65 %.
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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 2025
IMMOSAN from Kapellen, company number BE0443147666, closed financial year 2025 with a result of € 3,481 after tax. For that financial year IMMOSAN recorded a gross margin of € 87,767 and equity of € 602,972. Compared with financial year 2024, the result moved from € -876 to € 3,481. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 602,972
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,481
▲ still € 876 loss in 2024
Profit after tax over the fiscal year.
€ 4,859
▲ € 4,855 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 472,972.
People and assets in 2025
€ 1,083
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 763,451
▼ 17% vs 2024
€ 257,826 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,955
▼ 88% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 122,359 | € 61,598 | € 77,717 | € 87,767 | ▲ 13% |
| Profit after taxes | € 54,774 | € -39,226 | € -876 | € 3,481 | ▲ € 4,356 |
| Equity | € 639,593 | € 600,367 | € 599,492 | € 602,972 | ▲ 1% |
| Total debts | € 3,541,241 | € 3,559,143 | € 3,426,391 | € 3,227,195 | ▼ 6% |
| Cash | € 5,311 | € 3,651 | € 4 | € 4,859 | ▲ € 4,855 |
| Land & buildings | € 1,594,152 | € 1,544,475 | € 1,499,826 | € 1,459,412 | ▼ 3% |
| Retained profit | € 509,593 | € 470,367 | € 469,492 | € 472,972 | ▲ 1% |
| Bank debt | € 1,466,666 | € 1,257,318 | € 921,060 | € 763,451 | ▼ 17% |
| Balance sheet total | € 4,205,624 | € 4,184,300 | € 4,050,672 | € 3,854,957 | ▼ 5% |
Key figures of IMMOSAN, 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 IMMOSAN?
What happened at IMMOSAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Kim Sanders stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3,481. filed late Source: NBB ↗
- Kim Sanders became a director. NBB
- Walter Sanders became a director. NBB
- New establishment in Kapellen. KBO
- Start of the company according to the CBE. KBO
In short
From € 54,774 profit in 2022 to € 3,481 profit in 2025.
Best year ever: 2022, with € 54,774 profit.
Management
Behind IMMOSAN is Walter Sanders. It owns 99% of Royal Oak Buildings and 99% of Goodspeed itself.
Directors
According to the 2025 annual accounts
Walter Sanders
Managing director
Also active at: MI CASA EXCLUSIEVE VILLABOUW, ROYAL OAK RENOVATION, GOODSPEED TRANSPORT SERVICES
since 2009
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Franselei 14/1
2950 Kapellen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0443.147.666
- VAT number
- BE 0443.147.666
- Registered office
- Franselei 14/1, 2950 Kapellen
- Names & denominations
- IMMOSAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 February 1991
- Peppol
- Not registered