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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
IMMO-SAULE from Herve, company number BE0876351745, closed financial year 2025 with a result of € -54,726 after tax. For that financial year IMMO-SAULE recorded a gross margin of € 32,290 and equity of € 119,365. Compared with financial year 2024, the result moved from € -74,900 to € -54,726. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 27, 2026.
€ 119,365
▼ 31% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,726
▲ 27 % less loss than in 2024
Profit after tax over the fiscal year.
€ 142,125
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -141,538.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 2.4 million
▲ 5% vs 2024
Loans from banks and other lenders, long and short.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 205,870 | € 138,939 | - | |
| Gross margin | € 42,710 | € 48,262 | € 47,224 | € 32,290 | ▼ 32% |
| Profit after taxes | € 1,128 | € -59,374 | € -74,900 | € -54,726 | ▲ € 20,174 |
| Equity | € 308,366 | € 248,992 | € 174,092 | € 119,365 | ▼ 31% |
| Total debts | € 2,393,263 | € 2,010,628 | € 2,400,111 | € 2,524,438 | ▲ 5% |
| Cash | € 570,665 | € 173,386 | € 259,974 | € 142,125 | ▼ 45% |
| Retained profit | € 47,462 | € -11,912 | € -86,812 | € -141,538 | ▼ € 54,726 |
| Bank debt | € 2,266,420 | € 1,881,626 | € 2,273,127 | € 2,378,127 | ▲ 5% |
| Balance sheet total | € 2,701,629 | € 2,259,620 | € 2,574,203 | € 2,643,803 | ▲ 3% |
Key figures of IMMO-SAULE, 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-SAULE?
What happened at IMMO-SAULE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Louis PIRON Management stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 54,726. Source: NBB ↗
- GROUPE ETIENNE PIRON SA stepped down as director. NBB
- Louis Piron stepped down as director. NBB
- Louis PIRON Management became a director. NBB
- Louis Piron became a director. NBB
- GROUPE ETIENNE PIRON SA became a director. NBB
- New establishment in Aubel. KBO
In short
From € 1,128 profit in 2022 to € 54,726 loss in 2025.
Paid € 401 in corporate taxes since 2022.
Best year ever: 2022, with € 1,128 profit.
A new publication or filing at IMMO-SAULE? 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
The stake of GROUPE ETIENNE PIRON comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMO-SAULEThe shares are held by GROUPE ETIENNE PIRON (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2025
Director · represented by Louis Piron
Also active at: PIRON Construction, PERFECTION HABITAT, GROUPE ETIENNE PIRON
since 2025 · until 2031
Managing director · represented by Etienne Piron
Also active at: PIRON Construction, PERFECTION HABITAT
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Chesseroux 1
4651 Herve
Rue de la Fontaine,St Jean-Sart 3
4880 Aubel
Active since 29 September 2005
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
- 0876.351.745
- VAT number
- BE 0876.351.745
- Registered office
- Rue de Chesseroux 1, 4651 Herve
- Names & denominations
- IMMO-SAULE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 September 2005
- Peppol
- Not registered