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 24 % of short-term debt in 2024; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2024
IMMORAL from Knokke-Heist, company number BE0790271965, closed financial year 2024 with a result of € 13,337 after tax. For that financial year IMMORAL recorded a gross margin of € 745,428 and equity of € 17.9 million. Compared with financial year 2023, the result moved from € 37,431 to € 13,337. The company is profitable. 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 October 28, 2025.
€ 17.9 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,337
▼ 64% vs 2023
Profit after tax over the fiscal year.
€ 106,180
▼ 26% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 155,706.
Debts at end 2024
€ 4.9 million
▼ 8% vs 2023
€ 413,174 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 8,785
▼ 90% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 163,242
▲ 35% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 564,662 | € 627,049 | € 745,428 | ▲ 19% |
| Profit after taxes | € 68,862 | € 37,431 | € 13,337 | ▼ 64% |
| Equity | € 17,811,612 | € 17,849,042 | € 17,862,379 | |
| Total debts | € 5,799,962 | € 5,562,137 | € 5,121,695 | ▼ 8% |
| Cash | € 284,311 | € 142,828 | € 106,180 | ▼ 26% |
| Land & buildings | € 20,450,358 | € 20,183,096 | € 19,818,809 | ▼ 2% |
| Retained profit | € 104,939 | € 142,370 | € 155,706 | ▲ 9% |
| Bank debt | € 5,728,102 | € 5,345,994 | € 4,941,125 | ▼ 8% |
| Balance sheet total | € 23,703,746 | € 23,500,441 | € 23,070,426 | ▼ 2% |
Key figures of IMMORAL, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to IMMORAL?
What happened at IMMORAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 13,337 (▼ 64% vs 2023). filed late Source: NBB ↗
- New establishment in Knokke-Heist. KBO
- Bruno Ralet became a director. NBB
- Jean Luc Ralet became a director. NBB
- Monique Grahame became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 68,862 profit in 2022 to € 13,337 profit in 2024.
Paid € 162,544 in corporate taxes since 2022.
Best year ever: 2022, with € 68,862 profit.
A new publication or filing at IMMORAL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
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 2024 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
since 2022
since 2022
Establishments
Establishment units
Physical locations of this company
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 →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