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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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
IMMO-MSA from Ham-sur-Heure-Nalinnes, company number BE0459297869, closed financial year 2025 with a result of € 23,729 after tax. For that financial year IMMO-MSA recorded a gross margin of € 76,777 and equity of € 125,995. Compared with financial year 2024, the result moved from € 15,809 to € 23,729. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 125,995
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,729
▲ 50% vs 2024
Profit after tax over the fiscal year.
€ 5,277
▼ 51% 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 € 64,021.
Debts at end 2025
€ 341,612
▼ 9% vs 2024
€ 32,062 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 8,888
▲ 54% 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 | € 55,307 | € 62,833 | € 66,423 | € 76,777 | ▲ 16% |
| Profit after taxes | € 9,691 | € 13,199 | € 15,809 | € 23,729 | ▲ 50% |
| Equity | € 73,258 | € 86,457 | € 102,266 | € 125,995 | ▲ 23% |
| Total debts | € 430,909 | € 404,585 | € 381,599 | € 350,500 | ▼ 8% |
| Cash | € 1,509 | € 1,335 | € 10,783 | € 5,277 | ▼ 51% |
| Land & buildings | € 426,500 | € 403,117 | € 405,119 | € 379,197 | ▼ 6% |
| Retained profit | € 11,284 | € 24,483 | € 40,292 | € 64,021 | ▲ 59% |
| Bank debt | € 430,281 | € 401,913 | € 375,824 | € 341,612 | ▼ 9% |
| Balance sheet total | € 504,167 | € 491,041 | € 483,865 | € 476,495 | ▼ 2% |
Key figures of IMMO-MSA, 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-MSA?
What happened at IMMO-MSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,729 (▲ 50% vs 2024). Source: NBB ↗
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,691 profit in 2022 to € 23,729 profit in 2025.
Paid € 16,802 in corporate taxes since 2022.
Best year ever: 2025, with € 23,729 profit.
Management
Behind IMMO-MSA are XAVIER DELPIRE-CRETS and SOBATI ET VISUAL. The shares are held by IMMO CDB (50%), LAURENCE WOUTERS (40%) and MELANIE SOMME (10%).
Directors
According to the 2025 annual accounts
XAVIER DELPIRE-CRETS
Managing director
Managing director · represented by ERIC SOMME
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Philippeville(NAL) 7
6120 Ham-sur-Heure-Nalinnes
Rue du Pont-Pavot, Fra. 13
5660 Couvin
Active since 5 December 1996
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
- 0459.297.869
- VAT number
- BE 0459.297.869
- Registered office
- Rue de Philippeville(NAL) 7, 6120 Ham-sur-Heure-Nalinnes
- Names & denominations
- IMMO-MSA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 November 1996
- Peppol
- Not registered