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 1 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
35 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMMO AC from Brussel, company number BE0874786382, closed financial year 2025 with a result of € 14,696 after tax. For that financial year IMMO AC recorded a gross margin of € 338,035 and equity of € 1 million. Compared with financial year 2024, the result moved from € -7,556 to € 14,696. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 1 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 14,696
▲ still € 7,556 loss in 2024
Profit after tax over the fiscal year.
€ 1,259
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 940,660.
Debts at end 2025
€ 1.9 million
▼ 10% vs 2024
€ 218,483 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 55,040
▲ 119% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,152
▼ 75% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 386,222 | € 266,013 | € 331,995 | € 338,035 | ▲ 2% |
| Profit after taxes | € 94,644 | € -106,490 | € -7,556 | € 14,696 | ▲ € 22,252 |
| Equity | € 1,102,009 | € 995,520 | € 987,964 | € 1,002,660 | ▲ 1% |
| Total debts | € 2,620,365 | € 3,180,004 | € 2,573,924 | € 2,340,301 | ▼ 9% |
| Cash | € 283,102 | € 531,243 | € 0 | € 1,259 | |
| Land & buildings | € 3,192,167 | € 3,069,250 | € 2,946,333 | € 2,823,417 | ▼ 4% |
| Retained profit | € 1,040,009 | € 933,520 | € 925,964 | € 940,660 | ▲ 2% |
| Bank debt | € 1,961,973 | € 2,400,000 | € 2,153,078 | € 1,937,920 | ▼ 10% |
| Balance sheet total | € 3,722,375 | € 4,175,524 | € 3,561,888 | € 3,342,961 | ▼ 6% |
Key figures of IMMO AC, 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 AC?
What happened at IMMO AC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Xavier AZAN stepped down as director. NBB
- François-Pierre HELLMANN stepped down as director. NBB
- Alexis François-Poncet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 14,696. Source: NBB ↗
- Xavier AZAN became a director. NBB
- François-Pierre HELLMANN became a director. NBB
- Alexis François-Poncet became a director. NBB
- New establishment in Sint-Joost-ten-Node. KBO
In short
From € 94,644 profit in 2022 to € 14,696 profit in 2025.
Paid € 34,453 in corporate taxes since 2022.
Best year ever: 2022, with € 94,644 profit.
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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
Directors
According to the 2025 annual accounts
Xavier AZAN
Director
since 2023 · until 2029
François-Pierre HELLMANN
Director
Also active at: LIMBURGSE VASTGOED ONTWIKKELINGEN, IMMOBILIERE ET ASSURANCES NIVELLOISES, AARSCHOT LOGISTICS, REDIVEST, WATERLUM, Top Log, LVO Holding, IRR Multi Poly
since 2023 · until 2029
Alexis François-Poncet
Director
Also active at: LIMBURGSE VASTGOED ONTWIKKELINGEN, EUROPEAN TRANSPORTS LOGISTICS, IMMOBILIERE ET ASSURANCES NIVELLOISES, GOLDIE, PHILEOG Benelux, WATERLUM, Top Log, LVO Holding +1 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 380
1050 Brussel
Koning Albert II-laan 7
1210 Sint-Joost-ten-Node
Active since 8 August 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 35 companies are registered at this address.
All companies at this address →LIMBURGSE VASTGOED ONTWIKKELINGEN same network
€ 617,154 gross margin · 2025
Raoul Renaux et Compagnie
EUROPEAN TRANSPORTS LOGISTICS same network
€ 239,105 gross margin · 2025
Grosvenor Belgium
IMMOBILIERE ET ASSURANCES NIVELLOISES same network
€ 1,855 revenue · 2025
+30 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
- 0874.786.382
- VAT number
- BE 0874.786.382
- Registered office
- Louizalaan 380, 1050 Brussel
- Names & denominations
- IMMO AC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2005
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Ontwikkeling van niet-residentiële bouwprojecten
Projectontwikkeling voor infrastructuurwerken
Projectontwikkeling voor kantoorbouw