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 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMOCAP from Incourt, company number BE0448552843, closed financial year 2025 with a result of € 6,229 after tax. For that financial year IMMOCAP recorded a gross margin of € 31,428 and equity of € 20,832. Compared with financial year 2024, the result moved from € 23,080 to € 6,229. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 20,832
▲ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,229
▼ 73% vs 2024
Profit after tax over the fiscal year.
€ 81,105
▲ 25% 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 € -113,279.
Debts at end 2025
€ 12,043
▼ 35% vs 2024
€ 6,776 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 12,941
▲ € 12,743 vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 25,916 | € 40,713 | € 46,683 | € 31,428 | ▼ 33% |
| Profit after taxes | € 3,581 | € 18,042 | € 23,080 | € 6,229 | ▼ 73% |
| Equity | € -26,520 | € -8,477 | € 14,603 | € 20,832 | ▲ 43% |
| Total debts | € 195,238 | € 188,743 | € 183,827 | € 190,065 | ▲ 3% |
| Cash | € 19,422 | € 33,417 | € 64,915 | € 81,105 | ▲ 25% |
| Land & buildings | € 46,277 | € 38,961 | € 31,079 | € 22,138 | ▼ 29% |
| Retained profit | € -160,630 | € -142,588 | € -119,508 | € -113,279 | ▲ € 6,229 |
| Bank debt | € 30,790 | € 24,794 | € 18,549 | € 12,043 | ▼ 35% |
| Balance sheet total | € 168,718 | € 180,265 | € 198,430 | € 210,896 | ▲ 6% |
Key figures of IMMOCAP, 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 IMMOCAP?
What happened at IMMOCAP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 6,229 (▼ 73% vs 2024). Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 3,581 profit in 2022 to € 6,229 profit in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2024, with € 23,080 profit.
Management
Behind IMMOCAP are CHRISTIAN HOTTART and OLIVIER DEBROUX. The same people are also behind DEPRO. OLIVIER DEBROUX is also behind Jardin Passion Invest, Jardin Passion and immo-livier.
Directors
According to the 2025 annual accounts
OLIVIER DEBROUX
Managing director
Also active at: Jardin Passion Invest, DEPRO, Jardin Passion, immo-livier
Establishments
Establishment units
Physical locations of this company
Rue Bois des Queues 7a
1315 Incourt
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.552.843
- VAT number
- BE 0448.552.843
- Registered office
- Rue Bois des Queues 7a, 1315 Incourt
- Names & denominations
- IMMOCAP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 October 1992
- Peppol
- Active · Active since 5 Jan 2026