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 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO TBS from Walcourt, company number BE0687855704, closed financial year 2025 with a result of € 5,847 after tax. For that financial year IMMO TBS recorded a gross margin of € 96,082 and equity of € 136,573. Compared with financial year 2024, the result moved from € 32,848 to € 5,847. 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 28, 2026.
€ 136,573
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,847
▼ 82% vs 2024
Profit after tax over the fiscal year.
€ 34,054
▲ € 29,150 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 € 124,173.
Debts at end 2025
€ 949,889
▼ 7% vs 2024
€ 77,030 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 454
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 118,569 | € 132,224 | € 134,437 | € 96,082 | ▼ 29% |
| Profit after taxes | € 38,537 | € 40,506 | € 32,848 | € 5,847 | ▼ 82% |
| Equity | € 57,372 | € 97,878 | € 130,726 | € 136,573 | ▲ 4% |
| Total debts | € 1,317,438 | € 1,245,629 | € 1,145,378 | € 1,054,198 | ▼ 8% |
| Cash | € 10,652 | € 2,286 | € 4,904 | € 34,054 | ▲ € 29,150 |
| Land & buildings | € 1,344,949 | € 1,278,889 | € 1,208,567 | € 1,138,245 | ▼ 6% |
| Retained profit | € 44,972 | € 85,478 | € 118,326 | € 124,173 | ▲ 5% |
| Bank debt | € 1,173,655 | € 1,100,267 | € 1,025,685 | € 949,889 | ▼ 7% |
| Balance sheet total | € 1,374,810 | € 1,343,508 | € 1,276,104 | € 1,190,771 | ▼ 7% |
Key figures of IMMO TBS, 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 TBS?
What happened at IMMO TBS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,847 (▼ 82% vs 2024). Source: NBB ↗
- New establishment in Walcourt. KBO
- Marc Michel became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 38,537 profit in 2022 to € 5,847 profit in 2025.
Paid € 13,055 in corporate taxes since 2022.
Best year ever: 2023, with € 40,506 profit.
Management
Behind IMMO TBS is Marc Michel. Marc Michel is also behind TB SPORT.
Directors
According to the 2025 annual accounts
since 2018
Establishments
Establishment units
Physical locations of this company
Allée de Linaires(Cha) 1
5650 Walcourt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0687.855.704
- VAT number
- BE 0687.855.704
- Registered office
- Allée de Linaires(Cha) 1, 5650 Walcourt
- Names & denominations
- IMMO TBS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 January 2018
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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