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 31 % of short-term debt in 2024; 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 2024
IMMO 120 from Ciney, company number BE0449954789, closed financial year 2024 with a result of € 22,545 after tax. For that financial year IMMO 120 recorded a gross margin of € 70,778 and equity of € 206,164. Compared with financial year 2023, the result moved from € 29,902 to € 22,545. The company is profitable. 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 October 3, 2025.
€ 206,164
▲ 12% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 22,545
▼ 25% vs 2023
Profit after tax over the fiscal year.
€ 8,308
▼ 72% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 203,014.
Debts at end 2024
€ 100,203
▼ 21% vs 2023
€ 30,996 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1,235
▲ 34% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 481,881 | € 80,020 | € 80,314 | € 70,778 | ▼ 12% |
| Profit after taxes | € 316,565 | € 21,354 | € 29,902 | € 22,545 | ▼ 25% |
| Equity | € 207,362 | € 183,716 | € 183,618 | € 206,164 | ▲ 12% |
| Total debts | € 559,213 | € 310,446 | € 174,619 | € 108,745 | ▼ 38% |
| Cash | € 398,781 | € 144,635 | € 29,517 | € 8,308 | ▼ 72% |
| Land & buildings | € 404,171 | € 379,332 | € 354,690 | € 328,668 | ▼ 7% |
| Retained profit | € 204,212 | € 180,566 | € 180,468 | € 203,014 | ▲ 12% |
| Dividend | € 195,000 | € 45,000 | € 30,000 | € 0 | ▼ 100% |
| Bank debt | € 177,905 | € 152,647 | € 126,753 | € 100,203 | ▼ 21% |
| Balance sheet total | € 803,982 | € 528,718 | € 389,943 | € 343,763 | ▼ 12% |
Key figures of IMMO 120, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to IMMO 120?
What happened at IMMO 120 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 22,545 (▼ 25% vs 2023). filed late Source: NBB ↗
- Sebastien Vincent stepped down as director. NBB
- Philippe Vincent became a director. NBB
- Christiane Jeanfils became a director. NBB
- THIERRY VINCENT became a director. NBB
- Sebastien Vincent became a director. NBB
- New establishment in Ciney. KBO
- Start of the company according to the CBE. KBO
In short
From € 316,565 profit in 2021 to € 22,545 profit in 2024.
Paid € 146,276 in corporate taxes since 2021.
Best year ever: 2021, with € 316,565 profit.
Paid out € 270,000 in dividends to the owners in total.
Management
Behind IMMO 120 are Philippe Vincent, Christiane Jeanfils and THIERRY VINCENT.
Directors
According to the 2024 annual accounts
Philippe Vincent
Director
since 2021
Christiane Jeanfils
Director
since 2021
THIERRY VINCENT
Managing director
since 2021
since 2017 · until 2023
Establishments
Establishment units
Physical locations of this company
Avenue de Namur 14
5590 Ciney
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0449.954.789
- VAT number
- BE 0449.954.789
- Registered office
- Avenue de Namur 14, 5590 Ciney
- Names & denominations
- IMMO 120
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 1993
- Peppol
- Not registered