What does IMMORAL do?

IMMORAL is a property company in Knokke-Heist. Public Limited, started on 16 August 2022, 1 establishment.

What is the address of IMMORAL?

The registered office of IMMORAL is located at Lippenslaan 301, 8300 Knokke-Heist.

Is IMMORAL still active?

Yes. According to the CBE (29 October 2026) IMMORAL is active, legal situation “Normale toestand”, started on 16 August 2022.

Is IMMORAL registered on Peppol?

Yes, IMMORAL is registered on the Peppol network with ID 0208:0790271965.

What is the enterprise number of IMMORAL?

The enterprise number of IMMORAL is BE0790271965.

When was IMMORAL founded?

IMMORAL was founded on 16 August 2022.

Who are the directors of IMMORAL?

According to the 2025 annual accounts, the directors of IMMORAL are: Bruno Ralet, Jean Luc Ralet, Monique Grahame.

Is IMMORAL a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 16 August 2022; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did IMMORAL make in 2025?

IMMORAL posted a profit after taxes of € 1,040,182 in financial year 2025.

What is the revenue of IMMORAL?

As a small company, IMMORAL is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 840,422.

IMMORAL (Public Limited) - Knokke-Heist - BE0790271965

Dossier IMMORAL, printed on 29 October 2026 from databakkes.be/en/0790271965/immoral. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 20 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2022.

Financials

Financial year 2025

IMMORAL from Knokke-Heist, company number BE0790271965, closed financial year 2025 with a result of € 1 million after tax. For that financial year IMMORAL recorded a gross margin of € 840,422 and equity of € 18.9 million. Compared with financial year 2024, the result moved from € 13,337 to € 1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.

What it is worth Growing

€ 18.9 million

▲ 6% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1 million

▲ € 1 million vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 92,103

▼ 13% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.2 million.

Debts at end 2025

Bank debt ≈ 11 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 4.5 million

▼ 8% vs 2024

€ 429,979 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 7,145

▼ 19% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 300,580

▲ 84% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 564,662 Gross margin 2022: € 564,662 First fiscal year in the series	€ 627,049 Gross margin 2023: € 627,049 ▲ 11% vs 2022 (€ 564,662) Favourable step	€ 745,428 Gross margin 2024: € 745,428 ▲ 19% vs 2023 (€ 627,049) Favourable step	€ 840,422 Gross margin 2025: € 840,422 ▲ 13% vs 2024 (€ 745,428) Favourable step	▲ 13%
Profit after taxes	€ 68,862 Profit after taxes 2022: € 68,862 First fiscal year in the series	€ 37,431 Profit after taxes 2023: € 37,431 ▼ 46% vs 2022 (€ 68,862) Unfavourable step	€ 13,337 Profit after taxes 2024: € 13,337 ▼ 64% vs 2023 (€ 37,431) Unfavourable step	€ 1,040,182 Profit after taxes 2025: € 1,040,182 ▲ € 1 million vs 2024 (€ 13,337) Favourable step	▲ € 1 million
Equity	€ 17,811,612 Equity 2022: € 17,811,612 First fiscal year in the series	€ 17,849,042 Equity 2023: € 17,849,042 Unchanged (€ 17,811,612) Favourable step	€ 17,862,379 Equity 2024: € 17,862,379 Unchanged (€ 17,849,042) Favourable step	€ 18,902,561 Equity 2025: € 18,902,561 ▲ 6% vs 2024 (€ 17,862,379) Favourable step	▲ 6%
Total debts	€ 5,799,962 Total debts 2022: € 5,799,962 First fiscal year in the series	€ 5,562,137 Total debts 2023: € 5,562,137 ▼ 4% vs 2022 (€ 5,799,962) Favourable step	€ 5,121,695 Total debts 2024: € 5,121,695 ▼ 8% vs 2023 (€ 5,562,137) Favourable step	€ 4,851,907 Total debts 2025: € 4,851,907 ▼ 5% vs 2024 (€ 5,121,695) Favourable step	▼ 5%
Cash	€ 284,311 Cash 2022: € 284,311 First fiscal year in the series	€ 142,828 Cash 2023: € 142,828 ▼ 50% vs 2022 (€ 284,311) Unfavourable step	€ 106,180 Cash 2024: € 106,180 ▼ 26% vs 2023 (€ 142,828) Unfavourable step	€ 92,103 Cash 2025: € 92,103 ▼ 13% vs 2024 (€ 106,180) Unfavourable step	▼ 13%
Land & buildings	€ 20,450,358 Land & buildings 2022: € 20,450,358 First fiscal year in the series	€ 20,183,096 Land & buildings 2023: € 20,183,096 ▼ 1% vs 2022 (€ 20,450,358) Unchanged	€ 19,818,809 Land & buildings 2024: € 19,818,809 ▼ 2% vs 2023 (€ 20,183,096) Unchanged	€ 19,442,764 Land & buildings 2025: € 19,442,764 ▼ 2% vs 2024 (€ 19,818,809) Unchanged	▼ 2%
Retained profit	€ 104,939 Retained profit 2022: € 104,939 First fiscal year in the series	€ 142,370 Retained profit 2023: € 142,370 ▲ 36% vs 2022 (€ 104,939) Favourable step	€ 155,706 Retained profit 2024: € 155,706 ▲ 9% vs 2023 (€ 142,370) Favourable step	€ 1,195,888 Retained profit 2025: € 1,195,888 ▲ € 1 million vs 2024 (€ 155,706) Favourable step	▲ € 1 million
Bank debt	€ 5,728,102 Bank debt 2022: € 5,728,102 First fiscal year in the series	€ 5,345,994 Bank debt 2023: € 5,345,994 ▼ 7% vs 2022 (€ 5,728,102) Favourable step	€ 4,941,125 Bank debt 2024: € 4,941,125 ▼ 8% vs 2023 (€ 5,345,994) Favourable step	€ 4,534,842 Bank debt 2025: € 4,534,842 ▼ 8% vs 2024 (€ 4,941,125) Favourable step	▼ 8%
Balance sheet total	€ 23,703,746 Balance sheet total 2022: € 23,703,746 First fiscal year in the series	€ 23,500,441 Balance sheet total 2023: € 23,500,441 ▼ 1% vs 2022 (€ 23,703,746) Unchanged	€ 23,070,426 Balance sheet total 2024: € 23,070,426 ▼ 2% vs 2023 (€ 23,500,441) Unchanged	€ 23,837,910 Balance sheet total 2025: € 23,837,910 ▲ 3% vs 2024 (€ 23,070,426) Unchanged	▲ 3%

Key figures of IMMORAL, 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 IMMORAL?

What happened at IMMORAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Sep 30, 2026 New annual accounts for financial year 2025: profit of € 1 million (▲ € 1 million vs 2024). filed late Source: NBB ↗
Sep 1, 2022 New establishment in Knokke-Heist. KBO
2022 Bruno Ralet became a director. NBB
2022 Jean Luc Ralet became a director. NBB
2022 Monique Grahame became a director. NBB
Aug 16, 2022 Start of the company according to the CBE. KBO

In short

From € 68,862 profit in 2022 to € 1 million profit in 2025.

Paid € 370,988 in corporate taxes since 2022.

Best year ever: 2025, with € 1 million profit.

Original PDFs at the National Bank ↗

Management

Bruno Ralet

Jean Luc Ralet

Monique Grahame

IMMORAL

Trading Real Estate Investment Company 50%

Behind IMMORAL are Bruno Ralet, Jean Luc Ralet and Monique Grahame. It owns 50% of Trading Real Estate Investment Company itself.

Directors

According to the 2025 annual accounts

Bruno Ralet

Managing director

Also active at: TRADING AND REAL ESTATE INVESTMENT COMPANY, A.B.C.D., BEHEERSMAATSCHAPPIJ SERPYC, RALET, SERVICO, FUTURANO

since 2022

Jean Luc Ralet

Director

Also active at: FIORIMMO

since 2022

Monique Grahame

Director

Also active at: FIORIMMO

since 2022

Establishments

Establishment units

Physical locations of this company

Registered office

Lippenslaan 301

8300 Knokke-Heist

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 →

ENNACO

MORENE

€ -8,087 gross margin · 2024

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0790.271.965

VAT number

BE 0790.271.965

Registered office

Lippenslaan 301, 8300 Knokke-Heist

Names & denominations

IMMORAL

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

16 August 2022

Peppol

Active · Active since 9 Dec 2025

Activities · NACE

Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Verhuur en exploitatie van terreinen

Handel in eigen onroerend goed

Vermogensbeheer

View on CBE Public ↗ Annual accounts (NBB) ↗

IMMORAL

Warning lights

Financials

What happened to IMMORAL?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions