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 18 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
69 other companies have their registered office at the same address; threshold 10.
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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 TMA from Etterbeek, company number BE0675352602, closed financial year 2025 with a result of € 18,062 after tax. For that financial year IMMO TMA recorded a gross margin of € 81,526 and equity of € 107,267. Compared with financial year 2024, the result moved from € 23,747 to € 18,062. The company is profitable. 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 July 27, 2026.
€ 107,267
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,062
▼ 24% vs 2024
Profit after tax over the fiscal year.
€ 14,384
▲ 48% 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 € 8,267.
Debts at end 2025
€ 637,964
▼ 7% vs 2024
€ 46,773 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 89
▲ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,234
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 | € 79,022 | € 79,100 | € 80,994 | € 81,526 | ▲ 1% |
| Profit after taxes | € 21,815 | € 21,428 | € 23,747 | € 18,062 | ▼ 24% |
| Equity | € 44,030 | € 65,458 | € 89,205 | € 107,267 | ▲ 20% |
| Total debts | € 804,461 | € 760,449 | € 711,732 | € 672,881 | ▼ 5% |
| Cash | € 5,446 | € 8,634 | € 9,749 | € 14,384 | ▲ 48% |
| Land & buildings | € 842,747 | € 816,816 | € 790,885 | € 764,955 | ▼ 3% |
| Retained profit | € -54,970 | € -33,542 | € -9,795 | € 8,267 | ▲ € 18,062 |
| Bank debt | € 772,433 | € 728,564 | € 683,748 | € 637,964 | ▼ 7% |
| Balance sheet total | € 848,490 | € 825,907 | € 800,937 | € 780,148 | ▼ 3% |
Key figures of IMMO TMA, 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 TMA?
What happened at IMMO TMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,062 (▼ 24% vs 2024). Source: NBB ↗
- Jean-Christophe CARDON de LICHTBUER became a director. NBB
- Serge DECLERCK became a director. NBB
- Bruno TEIXEIRA DA SILVA became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 21,815 profit in 2022 to € 18,062 profit in 2025.
Paid € 7,234 in corporate taxes since 2022.
Best year ever: 2024, with € 23,747 profit.
Management
The stake of S.E.D. MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO TMABehind IMMO TMA are Jean-Christophe CARDON de LICHTBUER, Serge DECLERCK and Bruno TEIXEIRA DA SILVA. The shares are held by S.E.D. MANAGEMENT.
Directors
According to the 2025 annual accounts
since 2022
Serge DECLERCK
Director
Also active at: Compagnie Financiére, Immobiliére et Commerciale, PARIFRI, OGIMA INVEST, LN-PILI TEC, ALPHA 8, LG INVEST BELGIUM, APC INVEST BELGIUM, INVESTCORE +4 more
since 2022
Bruno TEIXEIRA DA SILVA
Director
since 2022
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Michielslaan 125
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 69 companies are registered at this address.
All companies at this address →Compagnie Financiére, Immobiliére et Commerciale same network
€ -11,609 gross margin · 2025
FINANCIERE CONSTRUCTIONS BELGES
€ 249,947 gross margin · 2025
PARIFRI same network
€ -60,778 gross margin · 2025
FAIR INVEST
€ 41,933 gross margin · 2025
IMMO WATER WEYDE
€ 852,453 gross margin · 2025
+64 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
- 0675.352.602
- VAT number
- BE 0675.352.602
- Registered office
- Sint-Michielslaan 125, 1040 Etterbeek
- Names & denominations
- IMMO TMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 May 2017
- Peppol
- Not registered