IMMO - J.M.C.
ActiveSummary
IMMO - J.M.C. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.86M and a net result of €-62k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▲+16
Solvency55▼-13
Growth61▲+12
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 11.65 against 6.0 in 2024; short-term debt: 5% and cash: 4.8% of total assets), but 69.9% 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-62k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-12-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
40 d early
2024
60 d early
2023
56 d early
2022
56 d early
2021
55 d early
2020
53 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€830k▼ 17.7%
2024 · €1.01M
2019: €897k
2020: €727k
2021: €689k
2022: €620k
2023: €898k
2024: €1.01M
2019 → 2025
EBIT margin
-5.6%▲ 6.0pp
2024 · -11.6%
2019: 2.3%
2020: 1.8%
2021: 4.5%
2022: -18.1%
2023: -2.5%
2024: -11.6%
2019 → 2025
Net result
€-62k▲ 65.1%
2024 · €-178k
2019: €-67k
2020: €-57k
2021: €-49k
2022: €1.07M
2023: €-63k
2024: €-178k
2019 → 2025
Working capital
€5.11M▲ 94.4%
2024 · €2.63M
2019: €3.32M
2020: €2.82M
2021: €2.81M
2022: €3.98M
2023: €3.37M
2024: €2.63M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€689k-€620k▼ 10.0%€898k▲ 44.8%€1.01M▲ 12.3%€830k▼ 17.7%
Equity€1.99M-€3.08M▲ 55.1%€3.04M▼ 1.3%€2.89M▼ 5.1%€2.86M▼ 1.1%
Operating result€31k-€-112k€-23k▲ 79.7%€-117k▼ 416%€-46k▲ 60.4%
Net result€-49k-€1.07M€-63k€-178k▼ 183%€-62k▲ 65.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2025 against €117k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.49M
Fixed assets
€3.90M ▲ 9.0%
Current assets
€5.58M ▲ 77.2%
Equity and liabilities €9.49M
Equity
€2.86M ▼ 1.1%
Provisions
€506k ▼ 5.5%
Debt
€6.13M ▲ 85.2%
Debt's share of the balance-sheet total rises from 49.1% to 64.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€202k▲
2024 · €108k
Cash flow
€186k▲
2024 · €47k
Current ratio
11.65▲
2024 · 6.00
Quick ratio
4.71▲
2024 · 3.39
Debt to equity
2.14▲
2024 · 1.14
ROE
-2.2%▲
2024 · -6.2%
ROA
-0.7%▲
2024 · -2.6%
Interest coverage
1.22▲
2024 · 0.81
Debt ≤ 1 year
€479k▼
2024 · €525k
Debt > 1 year
€5.65M▲
2024 · €2.78M
Staff costs
€81k▲
2024 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.73M€9.49M▲
Fixed assets21/28€3.58M€3.90M▲
Tangible fixed assets22/27€3.58M€3.90M▲
Land and buildings22€3.58M€3.90M▲
Plant, machinery and equipment23€191€41▼
Furniture and vehicles24€1k€2k▲
Current assets29/58€3.15M€5.58M▲
Stocks and contracts in progress3€1.37M€3.33M▲
Stocks30/36€1.37M€3.33M▲
Amounts receivable within one year40/41€1.45M€1.30M▼
Trade receivables40€676k€740k▲
Other amounts receivable41€769k€562k▼
Current investments50/53-€500k
Cash at bank and in hand54/58€332k€452k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€6.73M€9.49M▲
Equity10/15€2.89M€2.86M▼
Contributions10/11€395k€395k=
Capital10€395k€395k=
Issued capital100€395k€395k=
Reserves13€2.64M€2.55M▼
Non-distributable reserves130/1€53k€53k=
Legal reserve130€40k€40k=
Reserves not available under the articles1311-€13k
Other1319€13k-
Tax-exempt reserves132€1.82M€1.73M▼
Distributable reserves133€772k€772k=
Profit (loss) carried forward14€-147k€-90k▲
Provisions and deferred taxes16€535k€506k▼
Deferred taxes168€535k€506k▼
Amounts payable17/49€3.31M€6.13M▲
Amounts payable after more than one year17€2.78M€5.65M▲
Financial debts170/4€2.70M€5.56M▲
Other amounts payable178/9€80k€83k▲
Amounts payable within one year42/48€525k€479k▼
Current portion of amounts payable after more than one year42€297k€297k=
Trade debts44€205k€152k▼
Suppliers440/4€205k€152k▼
Taxes, remuneration and social security45€10k€12k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€13k€19k▲
Income statement
Code20242025
Turnover70€1.01M€830k▼
Goods, raw materials, services and sundry goods60/61€649k€400k▼
Remuneration, social security and pensions62€65k€81k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€225k€248k▲
Other operating charges640/8€186k€148k▼
Gross operating margin9900€359k€430k▲
Operating profit (loss)9901€-117k€-46k▲
Financial income75/76B€83k€150k▲
Recurring financial income75€43k€19k▼
Non-recurring financial income76B€40k€131k▲
Financial charges65/66B€132k€166k▲
Recurring financial charges65€132k€166k▲
Profit (loss) for the period before taxes9903€-167k€-62k▲
Income taxes67/77€11k-
Profit (loss) for the period9904€-178k€-62k▲
Transfer from tax-exempt reserves789€107k€119k▲
Profit (loss) for the period to be appropriated9905€-71k€57k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-147k€-90k▲
Profit (loss) brought forward from the previous period14P€-76k€-147k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial
Weakest financial yearnet €-178k
Net result drops to €-178k, the lowest in the series; recovery starts the following year.
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Back to profitnet €1.07M
Net result €1.07M after 3 loss-making years.
30-06
Financial
Equity above €2MEq €3.08M ▲55.1%
Equity rises from €1.99M to €3.08M.
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
19-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
06-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Tournai · 1 establishment unit since 1990
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boulevard Léopold(TOU) 1107500 TournaiGround area
934 m²
Building footprint
299 m²
Parcel 57463L0484/00M054, Wallonia. Linked by address, not a title deed.
1 establishment unit
Boulevard Léopold(TOU) 110, 7500 Tournai
since 19902.046.733.157
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0484/00M054 | Wallonia | 934 m² | 1 · 299 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 9,694 companies in sector 68121 we hold annual accounts for 7,383. 2,514 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-01-1990
Fiscal year end30-06
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.