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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Shrinking team NBB
FTE fell two years in a row, from 3.6 to 2.5.
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Busy address KBO
34 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMO EURO from Roeselare, company number BE0452496090, closed financial year 2025 with a result of € 3.4 million after tax. For that financial year IMMO EURO recorded revenue of € 5.5 million and equity of € 60 million. Compared with financial year 2024, the result moved from € 1.6 million to € 3.4 million. 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 November 27, 2025.
€ 60 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.4 million
▲ 114% vs 2024
Profit after tax over the fiscal year.
€ 371,431
▼ 8% 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 € 33.8 million.
People and assets in 2025
2.5
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 156,813
▼ 12% vs 2024
€ 62,700 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.
€ 4,511
▲ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 781,895
▼ 34% vs 2024
€ 410,849 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 262,044
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 172 days on average.
€ 23,618
▼ 47% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,265,866 | € 4,407,981 | € 4,963,982 | € 5,534,524 | ▲ 11% |
| Profit after taxes | € 2,674,031 | € 2,398,422 | € 1,599,544 | € 3,423,219 | ▲ 114% |
| Equity | € 52,595,042 | € 54,993,463 | € 56,593,008 | € 60,016,227 | ▲ 6% |
| Total debts | € 30,764,899 | € 49,879,427 | € 67,408,507 | € 74,587,966 | ▲ 11% |
| Cash | € 1,527,227 | € 300,483 | € 403,822 | € 371,431 | ▼ 8% |
| Land & buildings | € 35,470,509 | € 36,051,908 | € 37,019,862 | € 39,796,528 | ▲ 8% |
| Retained profit | € 26,405,042 | € 28,803,463 | € 30,403,008 | € 33,826,227 | ▲ 11% |
| Bank debt | € 1,935,227 | € 1,563,550 | € 1,179,109 | € 781,895 | ▼ 34% |
| Balance sheet total | € 83,359,941 | € 104,872,890 | € 124,001,515 | € 134,604,193 | ▲ 9% |
| Employees (FTE) | 4.5 | 3.6 | 3 | 2.5 | ▼ 0.5 |
Key figures of IMMO EURO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to IMMO EURO?
What happened at IMMO EURO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.4 million (▲ 114% vs 2024). Source: NBB ↗
- New establishment in Roeselare. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.7 million profit in 2022 to € 3.4 million profit in 2025.
Paid € 3.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 3.4 million profit.
Pays suppliers within 172 days on average.
Management
The stake of ESBELD comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO EUROBehind IMMO EURO are Sabine Laevens, Danny Kerckhof and Miguel Bethuyne. The shares are held by ESBELD (80.6%). It owns 49.8% of Euro-Cafetaria, 40.3% of Debels and 33.3% of Forum itself.
Directors
According to the 2025 annual accounts
Sabine Laevens
Director
Danny Kerckhof
Managing director
Also active at: RESIDENTIE SINT-JORISHOF, DEBELS, K&L, EURO - CAFETARIA, SPIEGELREI, VER - STRA, D.D.D.-INVEST, Esbeld Trans +6 more
Shareholders
80.6%
Participations
Establishments
Establishment units
Physical locations of this company
Meensesteenweg 608
8800 Roeselare
Meensesteenweg 567
8800 Roeselare
Active since 29 December 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 34 companies are registered at this address.
All companies at this address →RESIDENTIE SINT-JORISHOF same network
€ 202,618 gross margin · 2025
FORT
TEXTILAC
DEBELS same network
€ 87,590 gross margin · 2025
Euro shop
€ 87.3 million revenue · 2025
+29 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
- 0452.496.090
- VAT number
- BE 0452.496.090
- Registered office
- Meensesteenweg 608, 8800 Roeselare
- Names & denominations
- IMMO EURO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1994
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
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