ACTIVE

IMMOR

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Financial year 2025 · closed on 31/12/2025

Net result

-1,5 k €

-301.3% YoY

Gross margin

31,7 k €

-5.5% YoY

Equity

101,3 k €

-1.4% YoY

What does IMMOR do?

IMMOR is a Cooperative company with limited liability incorporated in 1989. Its registered office is in Herstal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.835.333

Incorporation

19/06/1989

Legal form

Cooperative company with limited liability

Registered office

Rue Lavaniste 298
4041 Herstal · WallonieSee on map

Contributed capital

339 644,00 €

Latest accounts

31/12/2025

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,7 k €	-5.5%	33,5 k €	+18.6%	28,3 k €	-19.3%	35 k €	+15.8%	30,2 k €	-2.1%	30,9 k €	-9.6%	34,1 k €	-31.7%	50 k €	+695%	6,3 k €	-13.7%	7,3 k €	-71.2%	25,3 k €	+763%	2,9 k €	-91.7%	35,4 k €	+0.2%	35,3 k €	-10.5%	39,5 k €	+27.4%	31 k €	+266%	-18,6 k €	-106%	311,2 k €	+592%	-63,3 k €	-83.7%	-34,4 k €
EBITDA	24,8 k €	-9.1%	27,3 k €	+34.8%	20,3 k €	-34.3%	30,8 k €	+13.5%	27,2 k €	-2.4%	27,8 k €	-10.7%	31,1 k €	-33.7%	46,9 k €	+1282%	3,4 k €	+141%	1,4 k €	-92.3%	18,2 k €	+1100%	-1,8 k €	-106%	28,4 k €	-7.1%	30,5 k €	-4.5%	32 k €	+218%	10,1 k €	+151%	-19,6 k €	-107%	299,3 k €	+507%	-73,6 k €	-45.7%	-50,5 k €
Operating result	2,5 k €	-50.2%	5 k €	+374%	-1,8 k €	-121%	8,8 k €	+71.9%	5,1 k €	-12.6%	5,8 k €	-38.5%	9,5 k €	-62.6%	25,3 k €	+241%	-18 k €	-34.9%	-13,3 k €	-482%	3,5 k €	+124%	-14,4 k €	-191%	15,8 k €	-9.3%	17,4 k €	-32.6%	25,8 k €	+1234%	1,9 k €	+107%	-29,7 k €	-110%	289,2 k €	+404%	-95,2 k €	-26.9%	-75 k €
Net result	-1,5 k €	-301%	732,6 €	+112%	-5,9 k €	-260%	3,7 k €	-59.5%	9,2 k €	+1952%	445,9 €	-87.4%	3,5 k €	-79.3%	17,1 k €	+209%	-15,7 k €	-98853%	-15,8 €	-101%	2,8 k €	+109%	-29,2 k €	-400%	9,7 k €	+41.3%	6,9 k €	-52.6%	14,5 k €	+341%	-6 k €	+81.9%	-33,3 k €	-115%	216,8 k €	+543%	-49 k €	+2.6%	-50,3 k €
Balance sheet
Equity	101,3 k €	-1.4%	102,8 k €	+0.7%	102,1 k €	-5.5%	108 k €	+3.6%	104,3 k €	+9.6%	95,1 k €	+0.5%	94,7 k €	+3.9%	91,1 k €	+23.0%	74,1 k €	-17.5%	89,7 k €	-0.0%	89,8 k €	+3.2%	87 k €	-25.1%	116,1 k €	+9.1%	106,4 k €	+6.9%	99,6 k €	+17.0%	85,1 k €	-6.6%	91,1 k €	-26.8%	124,4 k €	+235%	-92,4 k €	-126%	-40,9 k €
Total assets	218,5 k €	-9.9%	242,4 k €	-8.3%	264,3 k €	-9.7%	292,8 k €	-4.7%	307,1 k €	-7.0%	330,3 k €	-5.1%	348,2 k €	-6.3%	371,5 k €	+12.6%	329,8 k €	+52.6%	216,1 k €	-5.3%	228,2 k €	-2.9%	235 k €	-8.8%	257,6 k €	+5.7%	243,6 k €	+17.9%	206,6 k €	-14.4%	241,4 k €	-13.2%	278,1 k €	+2.3%	272 k €	-2.9%	280 k €	-7.3%	302,1 k €
Cash	3,4 k €	-54.1%	7,4 k €	+60.2%	4,6 k €	-41.5%	7,9 k €	+29.7%	6,1 k €	-7.0%	6,6 k €	-3.9%	6,8 k €	-30.9%	9,9 k €	+91.3%	5,2 k €	-14.3%	6 k €	+25.1%	4,8 k €	+40.1%	3,4 k €	-74.4%	13,4 k €	-4.3%	14 k €	-79.8%	69,5 k €	+6.7%	65,1 k €	+106%	31,6 k €	+106%	15,3 k €		–		–
Debts	117,1 k €	-15.3%	138,4 k €	-14.4%	161,6 k €	-12.0%	183,5 k €	-9.5%	202,9 k €	-13.7%	235,2 k €	-6.7%	252,2 k €	-10.0%	280,3 k €	+9.6%	255,7 k €	+102%	126,4 k €	-8.7%	138,4 k €	-6.5%	148 k €	+4.6%	141,4 k €	+3.1%	137,1 k €	+28.1%	107,1 k €	-31.5%	156,3 k €	-16.4%	187 k €	+26.7%	147,6 k €	-60.4%	372,4 k €	+8.6%	343 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Christine NOWAK

Director

Active

Emmanuelle GIBAULT

Director

Active

Ended mandates

Christine NOWAK

Director · since 27 février 2006

Ended

Christine NOWAK

Manager

Ended

CHRISTINE NOWAK

Mandate

Ended

Emmanuelle GIBAULT

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/08/2026	28/09/2025	31/08/2024	04/12/2023	29/09/2022	29/08/2021
General meeting	28/05/2026	30/06/2025	28/06/2024	03/12/2023	28/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/05/2026	24/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	28/09/2025	French	PDF
Micro model	31/12/2023	28/06/2024	31/08/2024	French	PDF
Micro model	31/12/2022	03/12/2023	04/12/2023	French	PDF
Micro model	31/12/2021	28/05/2022	29/09/2022	French	PDF
Micro model	31/12/2020	28/05/2021	29/08/2021	French	PDF
Micro model	31/12/2019	06/08/2020	31/10/2020	French	PDF
Micro model	31/12/2018	28/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	27/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	01/07/2016	French	PDF
Abridged model	31/12/2014	24/08/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	25/07/2015	29/07/2015	French	PDF
Abridged model	31/12/2012	28/05/2015	15/06/2015	French	PDF
Abridged model	31/12/2011	28/05/2015	15/06/2015	French	PDF
Abridged model	31/12/2010	28/05/2015	15/06/2015	French	PDF
Abridged model	31/12/2009	28/05/2015	15/06/2015	French	PDF
Abridged model	31/12/2008	28/05/2015	15/06/2015	French	PDF
Abridged model	31/12/2007	20/06/2008	10/07/2008	French	PDF
Abridged model	31/12/2006	20/06/2007	16/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

Christine NOWAK

Director

Active

Emmanuelle GIBAULT

Director

Active

Ended mandates

Christine NOWAK

Director · since 27 février 2006

Ended

Christine NOWAK

Manager

Ended

CHRISTINE NOWAK

Mandate

Ended

Emmanuelle GIBAULT

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other28/04/2008
OBJET
PDF
Mandates13/02/2004
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-1,5 k €↓
2024
Annual accounts 2024732,6 €↑
2023
Annual accounts 2023-5,9 k €↓
2022
Annual accounts 20223,7 k €↓
2021
Annual accounts 20219,2 k €↑
2020
Annual accounts 2020445,9 €↓
2019
Annual accounts 20193,5 k €↓
2018
Annual accounts 201817,1 k €↑
2017
Annual accounts 2017-15,7 k €↓
2016
Annual accounts 2016-15,8 €↓
2015
Annual accounts 20152,8 k €↑
2014
Annual accounts 2014-29,2 k €↓
2013
Annual accounts 20139,7 k €↑
2012
Annual accounts 20126,9 k €↓
2011
Annual accounts 201114,5 k €↑
2010
Annual accounts 2010-6 k €↑
2009
Annual accounts 2009-33,3 k €↓
2008
Annual accounts 2008216,8 k €↑
2007
Annual accounts 2007-49 k €↑
2006
Annual accounts 2006-50,3 k €
19/06/1989
IncorporationCooperative company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IMMOR

Overview

What does IMMOR do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline