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 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMO ACTION from Ukkel, company number BE0863432236, closed financial year 2025 with a result of € -5.7 million after tax. For that financial year IMMO ACTION recorded a gross margin of € 4 million and equity of € 12.3 million. Compared with financial year 2024, the result moved from € 517,517 to € -5.7 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 12.3 million
▼ 32% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.7 million
▼ still € 517,517 profit in 2024
Profit after tax over the fiscal year.
€ 202,679
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.7 million.
People and assets in 2025
€ 3.6 million
▼ 7% vs 2024
Of which on lease € 3.5 million.
Debts at end 2025
€ 25.6 million
▼ 9% vs 2024
€ 2.9 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 843,019
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 349,414
▼ 15% vs 2024
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 | € 2,350,855 | € 2,889,958 | € 4,303,346 | € 3,974,234 | ▼ 8% |
| Profit after taxes | € 212,853 | € -31,167 | € 517,517 | € -5,690,998 | ▼ € 6.2 million |
| Equity | € 17,464,485 | € 17,433,318 | € 17,950,835 | € 12,259,838 | ▼ 32% |
| Total debts | € 14,758,626 | € 28,168,002 | € 35,071,513 | € 33,776,913 | ▼ 4% |
| Cash | € 105,709 | € 138,162 | € 3,063,552 | € 202,679 | ▼ 93% |
| Land & buildings | € 20,281,566 | € 34,735,453 | € 34,935,016 | € 36,749,899 | ▲ 5% |
| Retained profit | € 1,464,485 | € 1,433,318 | € 1,950,835 | € -3,740,162 | ▼ € 5.7 million |
| Bank debt | € 9,299,258 | € 21,581,986 | € 28,155,207 | € 25,592,378 | ▼ 9% |
| Balance sheet total | € 32,492,985 | € 45,854,442 | € 53,258,718 | € 46,256,369 | ▼ 13% |
Key figures of IMMO ACTION, 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 ACTION?
What happened at IMMO ACTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. filed late Source: NBB ↗
- Charlotte Ziegler became a director. NBB
- Helene Ziegler became a director. NBB
- Alain ZIEGLER became a director. NBB
- New establishment in Haaltert. KBO
- Start of the company according to the CBE. KBO
In short
From € 212,853 profit in 2022 to € 5.7 million loss in 2025.
Paid € 552,470 in corporate taxes since 2022.
Best year ever: 2024, with € 517,517 profit.
Management
The stake of LEMAN, IMMOFONDS BELGIUM, Z IMMO, SOSTRANA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO ACTIONBehind IMMO ACTION are Charlotte Ziegler, Alain ZIEGLER and Helene Ziegler. The shares are held by LEMAN (42.1%), IMMOFONDS BELGIUM (28.3%), Z IMMO (15.4%) and SOSTRANA (4.9%). It owns Ziegler and ZLP Finance itself.
Directors
According to the 2025 annual accounts
Charlotte Ziegler
Director
since 2021
since 2013
Helene Ziegler
Director
since 2021
Shareholders
Participations
ZLP Finance
Establishments
Establishment units
Physical locations of this company
Montjoielaan 100
1180 Ukkel
Doornstraat(HA) 14
9450 Haaltert
Active since 16 February 2004
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →COMPAGNIE ARDENNAISE DELCOURT
€ -12,397 gross margin · 2024
La Maison Suisse de Bruxelles
€ 10,071 revenue · 2025
Dimo
€ 55,993 gross margin · 2025
INTERLOGISTICS
€ 3.6 million gross margin · 2025
LEMAN same network
€ 3.6 million revenue · 2025
+7 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
- 0863.432.236
- VAT number
- BE 0863.432.236
- Registered office
- Montjoielaan 100, 1180 Ukkel
- Names & denominations
- IMMO ACTION
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 February 2004
- Peppol
- Active · Active since 10 Feb 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Managementactiviteiten van holdings
Activiteiten van holdings
Holdings