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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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO 39 from Bastogne, company number BE0535852150, closed financial year 2025 with a result of € 68,976 after tax. For that financial year IMMO 39 recorded a gross margin of € 166,074 and equity of € 141,050. Compared with financial year 2024, the result moved from € 65,603 to € 68,976. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 141,050
▲ 96% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 68,976
▲ 5% vs 2024
Profit after tax over the fiscal year.
€ 14,487
▼ 20% 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 € -158,950.
Debts at end 2025
€ 859,832
▼ 14% vs 2024
€ 139,450 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 165,597 | € 165,312 | € 163,822 | € 166,074 | ▲ 1% |
| Profit after taxes | € 61,800 | € 65,411 | € 65,603 | € 68,976 | ▲ 5% |
| Equity | € -58,940 | € 6,470 | € 72,073 | € 141,050 | ▲ 96% |
| Total debts | € 1,522,125 | € 1,331,203 | € 1,194,808 | € 1,056,747 | ▼ 12% |
| Cash | € 62,551 | € 14,350 | € 18,185 | € 14,487 | ▼ 20% |
| Land & buildings | € 1,392,053 | € 1,316,202 | € 1,240,829 | € 1,165,455 | ▼ 6% |
| Retained profit | € -358,940 | € -293,530 | € -227,927 | € -158,950 | ▲ € 68,976 |
| Bank debt | € 1,269,226 | € 1,134,238 | € 997,779 | € 859,832 | ▼ 14% |
| Balance sheet total | € 1,463,185 | € 1,337,674 | € 1,266,882 | € 1,197,797 | ▼ 5% |
Key figures of IMMO 39, 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 39?
What happened at IMMO 39 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 68,976 (▲ 5% vs 2024). Source: NBB ↗
- MT Management SRL became a director. NBB
- Joël TONDEUR became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 61,800 profit in 2022 to € 68,976 profit in 2025.
Best year ever: 2025, with € 68,976 profit.
Management
Behind IMMO 39 are MT Management SRL and Joël TONDEUR. The same people are also behind Joël et Manon TONDEUR, notaires associés. Joël TONDEUR is also behind Enseignement Libre Catholique Bastogne.
Directors
According to the 2025 annual accounts
Director · represented by Manon TONDEUR
Also active at: Joël et Manon TONDEUR, notaires associés
since 2025
Joël TONDEUR
Director
Also active at: Enseignement Libre Catholique Bastogne, Joël et Manon TONDEUR, notaires associés
since 2023
Establishments
Establishment units
Physical locations of this company
Rue de Neufchâteau 39
6600 Bastogne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0535.852.150
- VAT number
- BE 0535.852.150
- Registered office
- Rue de Neufchâteau 39, 6600 Bastogne
- Names & denominations
- IMMO 39
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2013
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen