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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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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 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
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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
IMMO GARLEC from Chaudfontaine, company number BE0450173337, closed financial year 2025 with a result of € -20,497 after tax. For that financial year IMMO GARLEC recorded a gross margin of € 6,755 and equity of € -258,546. Compared with financial year 2024, the result moved from € -27,392 to € -20,497. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ -258,546
▼ € 20,497 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,497
▲ 25 % less loss than in 2024
Profit after tax over the fiscal year.
€ 164
▲ € 148 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -320,546.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,375
▲ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,201
▲ 8% 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 | € 1,205 | € 1,693 | € -794 | € 6,755 | ▲ € 7,549 |
| Profit after taxes | € -23,805 | € -24,236 | € -27,392 | € -20,497 | ▲ € 6,894 |
| Equity | € -186,421 | € -210,657 | € -238,048 | € -258,546 | ▼ € 20,497 |
| Total debts | € 258,623 | € 275,648 | € 296,322 | € 314,277 | ▲ 6% |
| Cash | € 3,854 | € 257 | € 16 | € 164 | ▲ € 148 |
| Land & buildings | € 62,324 | € 55,794 | € 49,263 | € 42,732 | ▼ 13% |
| Retained profit | € -248,421 | € -272,657 | € -300,048 | € -320,546 | ▼ € 20,497 |
| Balance sheet total | € 72,202 | € 64,991 | € 58,274 | € 55,731 | ▼ 4% |
Key figures of IMMO GARLEC, 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 GARLEC?
What happened at IMMO GARLEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PAUL RENARD stepped down as director. NBB
- MANON RENARD stepped down as director. NBB
- ERIC RENARD stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 20,497. Source: NBB ↗
- PAUL RENARD became a director. NBB
- MANON RENARD became a director. NBB
- ERIC RENARD became a director. NBB
- New establishment in Chaudfontaine. KBO
In short
From € 23,805 loss in 2022 to € 20,497 loss in 2025.
Management
The stake of GOUPIL - IMMO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO GARLECThe shares are held by GOUPIL - IMMO (100%).
Directors
According to the 2025 annual accounts
PAUL RENARD
Director
Also active at: Vanckan, GOUPIL - IMMO, SERV-R, ERPIMMO, CLOS DES PASSEREAUX, PAULINVEST, PAIR-EVENT
since 2026 · until 2032
MANON RENARD
Director
Also active at: Vanckan, GOUPIL - IMMO, SERV-R, ERPIMMO, CLOS DES PASSEREAUX, PAULINVEST, PAIR-EVENT, LES PASSEREAUX
since 2026 · until 2032
ERIC RENARD
Managing director
Also active at: Vanckan, JAMINON, RENARD & ASSOCIATES, LE CHATEAU DE RAMIOUL, DOMARG, GOUPIL - IMMO, SERV-R, GOUPIL GROUP, RESIDENCE LES AQUARELLES +12 more
since 2026 · until 2032
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin Macors 16
4052 Chaudfontaine
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →Vanckan same network
€ 177,542 gross margin · 2025
LE CHATEAU DE RAMIOUL same network
€ 4.6 million gross margin · 2025
DOMARG same network
€ 4.1 million gross margin · 2025
GOUPIL - IMMO same network
€ 296,788 revenue · 2025
SERV-R same network
€ 834,590 gross margin · 2025
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.173.337
- VAT number
- BE 0450.173.337
- Registered office
- Chemin Macors 16, 4052 Chaudfontaine
- Names & denominations
- IMMO GARLEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 May 1993
- Peppol
- Not registered