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IMMO J.M.

Active
Private limited companyfounded 199035 yrs activeOude Godstraat 54, 2220 Heist-op-den-Berg, BelgiumKBO/BCE: BE 0441.915.172
Summary

The computed 12-month bankruptcy probability of IMMO J.M. is 2.2% (moderate). The 2024 annual accounts show equity of €117,995 and a net result of €4,411. Equity is shrinking by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 9727 sector peers (fiscal year 2024). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
IMMO J.M.ActiveChecked score 52/100
Risk analysis ReportCompare

Overview

What they do
Development of residential building projects
NACE 68121Real estate development NACE 41101NACE 70111
1 site
How big
€2.1mtotal assets 2024
Equity
€117,995
Profit
€4,411
Turnover not published (abridged schema)
Financially healthy?
52 Fair Checked score 2024
Bankruptcy chance 12 m
2.2%
Who decides
Parent
FM IMMO · 81.62%
Holdings
2
Accounts 63 d overdue0 of 3 deeds read
Why 52- Figures for FY 2024 (filed 25-11-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 117 days late; 3 of the last 3 late+ Founded in 1990Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 28% of its sector peers (NACE 68, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 31-4
equity 5.7% of total assets
Liquidity 47+1
short-term debt 17.5% · cash 1.3%
Profitability 38=
return on assets 0.2%
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,919 companies)
Last 24 months 11-2024: 3.6% 12-2024: 4.0%▲ +11.7% vs 11-2024 01-2025: 5.9%▲ +46.6% vs 12-2024 02-2025: 5.9%● 0.0% vs 01-2025 03-2025: 6.0%▲ +1.4% vs 02-2025 04-2025: 5.4%▼ -9.5% vs 03-2025 05-2025: 5.4%● 0.0% vs 04-2025 06-2025: 5.4%● 0.0% vs 05-2025 07-2025: 5.4%● 0.0% vs 06-2025 08-2025: 6.9%▲ +28.6% vs 07-2025highest value 09-2025: 6.9%● 0.0% vs 08-2025highest value 10-2025: 6.9%● 0.0% vs 09-2025highest value 11-2025: 6.9%● 0.0% vs 10-2025highest value 12-2025: 0.3%▼ -95.5% vs 11-2025 01-2026: 0.3%▼ -1.0% vs 12-2025lowest value 02-2026: 0.8%▲ +142% vs 01-2026 03-2026: 0.8%▲ +2.9% vs 02-2026 04-2026: 0.8%▲ +0.9% vs 03-2026 05-2026: 0.8%▲ +4.7% vs 04-2026 06-2026: 0.9%▲ +5.8% vs 05-2026 07-2026: 1.0%▲ +10.2% vs 06-2026 08-2026: 1.2%▲ +20.5% vs 07-2026 09-2026: 1.5%▲ +25.7% vs 08-2026 10-2026: 2.2%▲ +50.2% vs 09-2026
  • Figures for FY 2024 (filed 25-11-2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 117 days late; 3 of the last 3 late raises the probability
  • Founded in 1990 lowers the probability for this profile
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.64 against 5.02 in 2023; short-term debt: 17.5% and cash: 1.3% of total assets), but 94.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, small). Better than this share of them on solvency 24%, liquidity 45%, profitability 36%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 25-11-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 117 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9727 sector peers (2024).
NBB · sector comparison
Position among 9727 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-11-2025, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
117 d late
2023
470 d late
2022
371 d late
2021
153 d late
2020
30 d late
2019
92 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 206 days after 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · abbreviated…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Caution: Equity fell in 2024from €223,584 to €117,995 ▼ 47.2% View
  • Controlled by FM IMMOultimately: FM-CONSTRUCTION 81.62% View

By topic

Financials

Fiscal year
2024
Total assets
€2.1m
Profit
€4,411
Solvency
5.7%
Total assets▼ 8.6%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2016
  1. 25-11-2025Annual accounts filed
  2. 13-11-2025Annual accounts filed
  3. 05-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Development of residential building projectsNACE 68121
Founded
29-11-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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