COTTAGE DREAMS IMMO
ActiveCOTTAGE DREAMS IMMO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €416k and a net result of €101k. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 78% of 4833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+2
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 4.7 against 5.36 in 2023), and 30.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
69.5%
Return on assets
16.9%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
152 d late
2022
141 d late
2021
148 d late
2020
135 d late
2019
151 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€101k▼ 21.3%
2023 · €129k
2018: €31k
2019: €49k
2020: €49k
2021: €132k
2022: €97k
2023: €129k
2018 → 2024
Working capital
€461k▲ 1.4%
2023 · €455k
2018: €72k
2019: €104k
2020: €105k
2021: €324k
2022: €304k
2023: €455k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€99k-€196k▲ 98.8%€258k▲ 31.9%€350k▲ 35.5%€416k▲ 18.9%
Operating result€37k-€160k▲ 332%€102k▼ 36.4%€142k▲ 39.3%€98k▼ 31.0%
Net result€49k-€132k▲ 168%€97k▼ 26.3%€129k▲ 32.0%€101k▼ 21.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €599k
Fixed assets
€13k▼ 45.6%
Current assets
€586k▲ 4.8%
Equity and liabilities €599k
Equity
€416k▲ 18.9%
Debt
€183k▼ 21.7%
The debt ratio falls from 40.0% to 30.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€109k▼
2023 · €153k
Cash flow
€113k▼
2023 · €140k
Solvency
69.5%▲
2023 · 60.0%
Current ratio
4.70▼
2023 · 5.36
Quick ratio
4.70▼
2023 · 5.36
Debt / equity
0.44▼
2023 · 0.67
ROE
24.3%▼
2023 · 36.8%
ROA
16.9%▼
2023 · 22.1%
Interest coverage
84.13▼
2023 · 144.51
Debt
€183k▼
2023 · €233k
Debt ≤ 1 year
€125k▲
2023 · €104k
Income taxes
€27k▼
2023 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€583k€599k▲
Fixed assets21/28€25k€13k▼
Tangible fixed assets22/27€24k€13k▼
Plant, machinery and equipment23€2k€733▼
Furniture and vehicles24€22k€12k▼
Financial fixed assets28€400€400=
Current assets29/58€559k€586k▲
Amounts receivable within one year40/41€557k€582k▲
Trade receivables40€34k€31k▼
Other amounts receivable41€522k€552k▲
Cash at bank and in hand54/58€417€466▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€583k€599k▲
Equity10/15€350k€416k▲
Contributions10/11€7k€7k=
Reserves13€15k€15k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€13k€13k=
Profit (loss) carried forward14€329k€395k▲
Amounts payable17/49€233k€183k▼
Amounts payable within one year42/48€104k€125k▲
Trade debts44€7k€26k▲
Suppliers440/4€7k€26k▲
Taxes, remuneration and social security45€59k€63k▲
Taxes450/3€59k€63k▲
Other amounts payable47/48€38k€36k▼
Accrued charges and deferred income492/3€129k€58k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€155k€110k▼
Operating profit (loss)9901€142k€98k▼
Financial income75/76B€24k€32k▲
Recurring financial income75€24k€32k▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€165k€129k▼
Income taxes67/77€36k€27k▼
Profit (loss) for the period9904€129k€101k▼
Profit (loss) for the period to be appropriated9905€129k€101k▼
Appropriation of the result
Profit (loss) to be appropriated9906€366k€430k▲
Profit (loss) brought forward from the previous period14P€237k€329k▲
Profit to be distributed694/7€37k€35k▼
Directors or managers695€37k€35k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
30-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 152 days late
2023
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 141 days late
2022
31-12
Financial
Equity above €200kEq €258k ▲31.9%
5 profitable years in a row build equity to €258k.
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 148 days late
2021
31-12
Financial
Highest result since 2018net €132k ▲168%
Operating result €160k, net result €132k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.44
Current ratio from 2.09 to 4.44; short-term debt falls from €97k to €94k.
31-12
Financial
Equity above €150kEq €196k ▲98.8%
4 profitable years in a row build equity to €196k.
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 135 days late
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 151 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 152 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 152 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 144 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2023
Eric MAGNO
CurrentDirector · since 27-12-2023
27-12-2023
Appointed as Director
Not every act has been read: a resignation may be missing here
4 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 2009
Ground area
5,089 m²
Parcel 63041H0164/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
COTTAGE DREAMS IMMO
since 20092.183.265.310
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63041H0164/00A000 | Wallonia | 5,089 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,281 companies in sector 68122 we hold annual accounts for 894. 583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-09-2009
Fiscal year end31-12
Activities, NACEBEL
68122Development of non-residential building projects
41001General construction of residential buildings
68121Development of residential building projects
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 06-09-2026. Scores and ratios are computed by Checked and are not a credit decision.