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 29 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BEL IS IMMO from Charleroi, company number BE0475873882, closed financial year 2025 with a result of € 384,324 after tax. For that financial year BEL IS IMMO recorded revenue of € 3.3 million and equity of € 9.1 million. Compared with financial year 2024, the result moved from € -188,037 to € 384,324. 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 April 30, 2026.
€ 9.1 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 384,324
▲ still € 188,037 loss in 2024
Profit after tax over the fiscal year.
€ 39,432
▼ 90% 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 € -3.9 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 96,085
▲ 6% vs 2024
€ 96,100 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.
€ 68,954
▲ € 66,675 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 17.4 million
▼ 3% vs 2024
Loans from banks and other lenders, long and short.
€ 321,879
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 128,267
▼ 34% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 2,781,647 | € 3,250,305 | ▲ 17% |
| Gross margin | € 3,066,434 | € 2,536,769 | € 2,121,737 | € 2,348,881 | ▲ 11% |
| Profit after taxes | € 1,406,104 | € 392,315 | € -188,037 | € 384,324 | ▲ € 572,361 |
| Equity | € 8,490,809 | € 8,883,124 | € 8,695,087 | € 9,079,411 | ▲ 4% |
| Total debts | € 21,698,531 | € 21,255,040 | € 19,205,800 | € 18,650,261 | ▼ 3% |
| Cash | € 495,707 | € 331,989 | € 400,770 | € 39,432 | ▼ 90% |
| Land & buildings | € 24,393,884 | € 23,029,814 | € 23,014,351 | € 22,184,996 | ▼ 4% |
| Retained profit | € -4,509,191 | € -4,116,876 | € -4,304,913 | € -3,920,589 | ▲ € 384,324 |
| Bank debt | € 20,807,397 | € 20,459,654 | € 18,044,312 | € 17,426,528 | ▼ 3% |
| Balance sheet total | € 31,088,809 | € 30,996,753 | € 28,718,597 | € 28,506,504 | ▼ 1% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of BEL IS IMMO, 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 April 2027.
What happened to BEL IS IMMO?
What happened at BEL IS IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SOCIETE PATRIMONIALE A PORTEFEUILLE SA stepped down as director. NBB
- VICTOR WAGNER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 384,324. Source: NBB ↗
- SOCIETE PATRIMONIALE A PORTEFEUILLE SA became a director. NBB
- VICTOR WAGNER became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.4 million profit in 2022 to € 384,324 profit in 2025.
Paid € 43,549 in corporate taxes since 2022.
Best year ever: 2022, with € 1.4 million profit.
On average € 2.3 million of value added per employee in 2025.
Management
The shares are held by SOCIETE PATRIMONIALE A PORTEFEUILLE SA (96.5%) and ROBERT , JEAN WAGNER (3.5%). It owns 99.9% of IMMOBAL itself.
Directors
According to the 2025 annual accounts
SOCIETE PATRIMONIALE A PORTEFEUILLE SA
Director · represented by ROBERT WAGNER
Also active at: VLIM, 3W.CONCEPT, IMMOBAL, W. TEAM, Grafimmo, LE BEAU BIEN
since 2022 · until 2028
VICTOR WAGNER
Director
since 2022 · until 2028
Shareholders
ROBERT , JEAN WAGNER
3.5%
Participations
99.9%
Establishments
Establishment units
Physical locations of this company
Avenue Jean Mermoz 29
6041 Charleroi
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →Ultra - Rapide - Wagner frères
WAREHOUSES ESTATES BELGIUM
CLYDE BERGEMANN-Forest
€ 6.5 million revenue · 2026
JACOPS SUD
€ 58.7 million revenue · 2025
3W.CONCEPT same network
€ 89,738 gross margin · 2025
+15 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
- 0475.873.882
- VAT number
- BE 0475.873.882
- Registered office
- Avenue Jean Mermoz 29, 6041 Charleroi
- Names & denominations
- BEL IS IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 2001
- Peppol
- Active · Active since 12 Jan 2026
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Activiteiten van holdings
Portefeuillemaatschappijen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Holdings