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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO - WEST from Hulshout, company number BE0448641925, closed financial year 2025 with a result of € 26,846 after tax. For that financial year IMMO - WEST recorded a gross margin of € 98,780 and equity of € 5.4 million. Compared with financial year 2024, the result moved from € 8,459 to € 26,846. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 5.4 million
▲ 180% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 26,846
▲ 217% vs 2024
Profit after tax over the fiscal year.
€ 8,617
▼ 32% 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 € 492,988.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 160,739
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,800
▼ 34% vs 2024
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 | € 96,644 | € 93,557 | € 85,216 | € 98,780 | ▲ 16% |
| Profit after taxes | € 29,788 | € 25,307 | € 8,459 | € 26,846 | ▲ 217% |
| Equity | € 1,884,743 | € 1,910,051 | € 1,918,509 | € 5,380,356 | ▲ 180% |
| Total debts | € 263,104 | € 226,572 | € 248,431 | € 173,539 | ▼ 30% |
| Cash | € 3,375 | € 14,540 | € 12,692 | € 8,617 | ▼ 32% |
| Land & buildings | € 2,090,575 | € 2,075,897 | € 2,110,436 | € 5,495,009 | ▲ 160% |
| Retained profit | € 432,375 | € 457,682 | € 466,141 | € 492,988 | ▲ 6% |
| Balance sheet total | € 2,147,847 | € 2,136,623 | € 2,166,941 | € 5,553,895 | ▲ 156% |
Key figures of IMMO - WEST, 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 IMMO - WEST?
What happened at IMMO - WEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Freenics BV stepped down as director. NBB
- Nathalie Peleman stepped down as director. NBB
- Leon Salaerts stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 26,846 (▲ 217% vs 2024). Source: NBB ↗
- Freenics BV became a director. NBB
- Nathalie Peleman became a director. NBB
- Leon Salaerts became a director. NBB
- New establishment in Hulshout. KBO
In short
From € 29,788 profit in 2022 to € 26,846 profit in 2025.
Paid € 33,375 in corporate taxes since 2022.
Best year ever: 2022, with € 29,788 profit.
Management
The stake of SALINCO, FREENICS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO - WESTThe shares are held by SALINCO (90%) and FREENICS (10%).
Directors
According to the 2025 annual accounts
Managing director · represented by Frederik Salaerts
since 2024 · until 2030
since 2024 · until 2030
Leon Salaerts
Beherend vennoot
since 2024 · until 2030
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Stationsstraat 105
2235 Hulshout
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
- 0448.641.925
- VAT number
- BE 0448.641.925
- Registered office
- Stationsstraat 105, 2235 Hulshout
- Names & denominations
- IMMO - WEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 November 1992
- Peppol
- Active · Active since 11 Nov 2025