Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 5.5 to 2.9.
Financials
Financial year 2025
IMMOWE from Zoersel, company number BE0450235002, closed financial year 2025 with a result of € 28,689 after tax. For that financial year IMMOWE recorded a gross margin of € 263,097 and equity of € 11 million. Compared with financial year 2024, the result moved from € 93,470 to € 28,689. 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 July 13, 2026.
€ 11 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,689
▼ 69% vs 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% 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 € 5.8 million.
People and assets in 2025
2.9
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 201,863
▼ 25% vs 2024
€ 69,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 172,113
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 38,296
▲ € 31,817 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,505
▼ 83% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 182,287 | € 465,830 | € 493,474 | € 263,097 | ▼ 47% |
| Profit after taxes | € 5,696,540 | € -69,418 | € 93,470 | € 28,689 | ▼ 69% |
| Equity | € 10,929,142 | € 10,859,724 | € 10,953,194 | € 10,981,882 | |
| Total debts | € 5,720,278 | € 6,531,188 | € 3,126,531 | € 2,510,094 | ▼ 20% |
| Cash | € 831 | € 258 | € 333 | € 0 | ▼ 100% |
| Land & buildings | € 58,007 | € 58,007 | € 58,007 | € 58,007 | |
| Retained profit | € 5,753,469 | € 5,684,051 | € 5,777,521 | € 5,806,209 | |
| Bank debt | € 2,381,218 | € 2,503,000 | € 176,897 | € 172,113 | ▼ 3% |
| Balance sheet total | € 16,649,420 | € 17,390,912 | € 14,079,725 | € 13,491,977 | ▼ 4% |
| Employees (FTE) | 6 | 5.5 | 4.8 | 2.9 | ▼ 1.9 |
Key figures of IMMOWE, 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 IMMOWE?
What happened at IMMOWE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sophie Geurts stepped down as director. NBB
- Pulsed BV stepped down as director. NBB
- Alex Geurts stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 28,689 (▼ 69% vs 2024). Source: NBB ↗
- Sophie Geurts became a director. NBB
- Pulsed BV became a director. NBB
- Alex Geurts became a director. NBB
- New establishment in Zoersel. KBO
In short
From € 5.7 million profit in 2022 to € 28,689 profit in 2025.
Paid € 1,635 in corporate taxes since 2022.
Best year ever: 2022, with € 5.7 million profit.
On average € 90,700 of value added per employee in 2025.
Management
It owns 57.2% of Cenel, 50% of Future Proof Properties and 25% of Cenconstruct Sint Amands itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2027
since 2023 · until 2027
Alex Geurts
Director
Also active at: CENJOR-INVEST, CENIM, CENSTABLES, CENEL, CenRent, VACOBEL, CENBUILD, CenProperties
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Halle-Velden 109
2980 Zoersel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CENJOR-INVEST same network
€ 33,121 gross margin · 2025
Cenconstruct Sint Amands same network
CENEL same network
€ 6.3 million gross margin · 2025
Future Proof Properties same network
AB Group
+3 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
- 0450.235.002
- VAT number
- BE 0450.235.002
- Registered office
- Halle-Velden 109, 2980 Zoersel
- Names & denominations
- IMMOWE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 May 1993
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Holdings
Overige sportactiviteiten, neg
Activiteiten van holdings
Managementactiviteiten van holdings
Fokken van andere dieren
Fokken en houden van andere dieren
Exploitatie van sportaccommodaties
Overige dierenfokkerijen
+1