Immo CM
ActiveSummary
Immo CM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €260,675 and a net result of €37,512. Equity is growing by ~23.4% per year across the filed fiscal years. Its solvency ranks better than 60% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-4
Solvency69▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.3 in 2023; short-term debt: 32.9% and cash: 3.5% of total assets), and 55.8% of the assets are financed with debt.
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Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
39 d early
2021
130 d early
2020
9 d late
2019
19 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 company by equity in Welkenraedt, Real estate sector
Equity
€260,675▲ 16.8%
2023 · €223,163
Total assets
€589,855▲ 13.4%
2023 · €520,079
Net result
€37,512▼ 23.9%
2023 · €49,291
Working capital
-€144,199▼ 5.6%
2023 · -€136,605
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€65,391▲ 11.6%€64,137▼ 1.9%€65,828▲ 2.6%€70,770▲ 7.5%€50,193▼ 29.1%
Net result€46,888above the sector's middle half▲ 25.3%€47,605above the sector's middle half▲ 1.5%€48,360above the sector's middle half▲ 1.6%€49,291above the sector's middle half▲ 1.9%€37,512above the sector's middle half▼ 23.9%
Equity€102,906within the sector's middle half▲ 83.7%€150,512within the sector's middle half▲ 46.3%€198,872within the sector's middle half▲ 32.1%€223,163within the sector's middle half▲ 12.2%€260,675within the sector's middle half▲ 16.8%
Total assets€574,355within the sector's middle half▼ 6.0%€593,642within the sector's middle half▲ 3.4%€603,676within the sector's middle half▲ 1.7%€520,079within the sector's middle half▼ 13.8%€589,855within the sector's middle half▲ 13.4%
Debt€471,449▼ 15.1%€443,130▼ 6.0%€404,804▼ 8.6%€296,916▼ 26.7%€329,180▲ 10.9%
Working capital-€240,837below the sector's middle half▲ 16.5%-€213,147below the sector's middle half▲ 11.5%-€166,971below the sector's middle half▲ 21.7%-€136,605below the sector's middle half▲ 18.2%-€144,199below the sector's middle half▼ 5.6%
Solvency17.9%within the sector's middle half▲ 8.8pp25.4%within the sector's middle half▲ 7.4pp32.9%within the sector's middle half▲ 7.6pp42.9%within the sector's middle half▲ 10.0pp44.2%within the sector's middle half▲ 1.3pp
Current ratio0.20below the sector's middle half▼ 0.010.28below the sector's middle half▲ 0.080.40below the sector's middle half▲ 0.130.30below the sector's middle half▼ 0.100.26below the sector's middle half▼ 0.05
Return on assets (ROA)8.2%above the sector's middle half▲ 2.0pp8.0%within the sector's middle half▼ 0.1pp8.0%within the sector's middle half=9.5%above the sector's middle half▲ 1.5pp6.4%within the sector's middle half▼ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 29% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €589,855
Fixed assets
€540,145 ▲ 17.2%
Current assets
€49,711 ▼ 16.1%
Equity and liabilities €589,855
Equity
€260,675 ▲ 16.8%
Debt
€329,180 ▲ 10.9%
Debt's share of the balance-sheet total falls from 57.1% to 55.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€84,875▼
2023 · €100,806
Cash flow
€72,194▼
2023 · €79,327
Debt to equity
1.26▼
2023 · 1.33
ROE
14.4%▼
2023 · 22.1%
Interest coverage
17.09▼
2023 · 19.97
Debt ≤ 1 year
€193,910▼
2023 · €195,860
Debt > 1 year
€135,270▲
2023 · €101,056
Income taxes
€7,715▼
2023 · €16,430
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,781 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,605 | €28,197 | €28,611 | €30,036 | €34,682 | ▲ 15.5% |
| Other operating charges640/8 | - | - | €4,974 | €5,505 | €5,663 | ▲ 2.9% |
| Gross operating margin9900 | €95,826 | €97,199 | €99,412 | €106,311 | €90,538 | ▼ 14.8% |
| Operating profit (loss)9901 | €65,391 | €64,137 | €65,828 | €70,770 | €50,193 | ▼ 29.1% |
| Financial charges65/66B | - | - | €5,854 | €5,049 | €4,966 | ▼ 1.6% |
| Recurring financial charges65 | €6,781 | €6,446 | €5,854 | €5,049 | €4,966 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €58,609 | €57,691 | €59,973 | €65,722 | €45,227 | ▼ 31.2% |
| Income taxes67/77 | €11,722 | €10,086 | €11,613 | €16,430 | €7,715 | ▼ 53.0% |
| Profit (loss) for the period9904 | €46,888 | €47,605 | €48,360 | €49,291 | €37,512 | ▼ 23.9% |
| Profit (loss) for the period to be appropriated9905 | €46,888 | €47,605 | €48,360 | €49,291 | €37,512 | ▼ 23.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €574,355 | €593,642 | €603,676 | €520,079 | €589,855 | ▲ 13.4% |
| Fixed assets21/28 | €514,327 | €511,843 | €490,861 | €460,825 | €540,145 | ▲ 17.2% |
| Tangible fixed assets22/27 | €514,327 | €511,843 | €490,861 | €460,825 | €540,145 | ▲ 17.2% |
| Land and buildings22 | - | - | €490,861 | €460,825 | €540,145 | ▲ 17.2% |
| Current assets29/58 | €60,028 | €81,798 | €112,816 | €59,255 | €49,711 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €9,321 | €11,026 | €28,897 | €14,161 | €13,288 | ▼ 6.2% |
| Trade receivables40 | - | - | - | €197 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €28,897 | €13,964 | €13,288 | ▼ 4.8% |
| Cash at bank and in hand54/58 | €50,029 | €69,034 | €77,301 | €29,072 | €20,401 | ▼ 29.8% |
| Deferred charges and accrued income490/1 | - | - | €6,617 | €16,022 | €16,022 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €574,355 | €593,642 | €603,676 | €520,079 | €589,855 | ▲ 13.4% |
| Equity10/15 | €102,906 | €150,512 | €198,872 | €223,163 | €260,675 | ▲ 16.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €84,300 | €131,900 | €180,200 | €204,500 | €242,000 | ▲ 18.3% |
| Distributable reserves133 | - | - | €180,200 | €204,500 | €242,000 | ▲ 18.3% |
| Profit (loss) carried forward14 | €6 | €12 | €72 | €63 | €75 | ▲ 19.2% |
| Amounts payable17/49 | €471,449 | €443,130 | €404,804 | €296,916 | €329,180 | ▲ 10.9% |
| Amounts payable after more than one year17 | €170,584 | €148,185 | €125,018 | €101,056 | €135,270 | ▲ 33.9% |
| Financial debts170/4 | - | - | €125,018 | €101,056 | €135,270 | ▲ 33.9% |
| Amounts payable within one year42/48 | €300,865 | €294,945 | €279,786 | €195,860 | €193,910 | ▼ 1.0% |
| Current portion of amounts payable after more than one year42 | - | - | €23,167 | €23,962 | €34,786 | ▲ 45.2% |
| Trade debts44 | €3,997 | €4,523 | €0 | €0 | €0 | - |
| Suppliers440/4 | - | - | €0 | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,430 | €1,430 | = |
| Taxes450/3 | - | - | - | €1,430 | €1,430 | = |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | - | €256,619 | €170,468 | €157,693 | ▼ 7.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,888 | €47,605 | €48,360 | €49,291 | €37,512 | ▼ 23.9% |
| + Depreciation and write-downs630 | €25,605 | €28,197 | €28,611 | €30,036 | €34,682 | ▲ 15.5% |
| Operating cash flow (approximation) | €72,493 | €75,803 | €76,971 | €79,327 | €72,194 | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | -€25,714 | -€7,628 | €0 | -€114,002 | - |
| Change in cash | - | €19,005 | €8,267 | -€48,229 | -€8,671 | ▲ 82.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €49,291 ▲1.9%
Operating result €70,770, net result €49,291, both a record.
31-12
Financial
Equity above €200,000Eq €223,163 ▲12.2%
5 profitable years in a row build equity to €223,163.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €150,512 ▲46.3%
3 profitable years in a row build equity to €150,512.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Equity above €100,000Eq €102,906 ▲83.7%
2 profitable years in a row build equity to €102,906.
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Welkenraedt · 1 establishment unit since 2018
Ground area
1,357 m²
Building footprint
642 m²
Volume, LiDAR
3,824 m³
Parcel 63084B0338/00L000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Immo CM
since 20182.280.491.873
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63084B0338/00L000 | Wallonia | 1,357 m² | 1 · 642 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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IMMO GNP
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CONFIMMO
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 4,379 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0698982592
Also
9925:BE0698982592
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.