IMMO QCM
ActiveSummary
IMMO QCM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €-5k. Equity is shrinking by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17=
Solvency29▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
short-term debt: 0.4% and cash: 0.2% of total assets, and 95.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
4.1%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-5k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 25%
← weakest
strongest →
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 07-07-2025, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
15 d early
2022
33 d early
2021
18 d late
2020
46 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€13k▼ 25.8%
2023 · €18k
2020: €46khighest in 5 years
2021: €40k▼ -12.6% vs 2020
2022: €22k▼ -44.7% vs 2021
2023: €18k▼ -20.9% vs 2022
2024: €13k▼ -25.8% vs 2023lowest in 5 years
2020 → 2024
Total assets
€316k▼ 1.0%
2023 · €319k
2020: €327k
2021: €353k▲ +8.2% vs 2020highest in 5 years
2022: €323k▼ -8.5% vs 2021
2023: €319k▼ -1.3% vs 2022
2024: €316k▼ -1.0% vs 2023lowest in 5 years
2020 → 2024
Net result
€-5k▲ 2.4%
2023 · €-5k
2020: €-14k
2021: €-6k▲ +58.4% vs 2020
2022: €-18k▼ -211% vs 2021lowest in 5 years
2023: €-5k▲ +74.1% vs 2022
2024: €-5k▲ +2.4% vs 2023highest in 5 years
2020 → 2024
Working capital
€312k▼ 0.9%
2023 · €315k
2020: €295klowest in 5 years
2021: €329k▲ +11.2% vs 2020highest in 5 years
2022: €312k▼ -4.9% vs 2021
2023: €315k▲ +0.7% vs 2022
2024: €312k▼ -0.9% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€46k-€40k▼ 12.6%€22k▼ 44.7%€18k▼ 20.9%€13k▼ 25.8%
2020: €46khighest in 5 years
2021: €40k▼ -12.6% vs 2020
2022: €22k▼ -44.7% vs 2021
2023: €18k▼ -20.9% vs 2022
2024: €13k▼ -25.8% vs 2023lowest in 5 years
Operating result€-5k-€-6k▼ 24.7%€-18k▼ 209%€-5k▲ 74.2%€-4k▲ 2.4%
2020: €-5k
2021: €-6k▼ -24.7% vs 2020
2022: €-18k▼ -209% vs 2021lowest in 5 years
2023: €-5k▲ +74.2% vs 2022
2024: €-4k▲ +2.4% vs 2023highest in 5 years
Net result€-14k-€-6k▲ 58.4%€-18k▼ 211%€-5k▲ 74.1%€-5k▲ 2.4%
2020: €-14k
2021: €-6k▲ +58.4% vs 2020
2022: €-18k▼ -211% vs 2021lowest in 5 years
2023: €-5k▲ +74.1% vs 2022
2024: €-5k▲ +2.4% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2024 against €5k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €316k
Fixed assets
€3k ▼ 39.0%
Current assets
€313k ▼ 0.4%
Equity and liabilities €316k
Equity
€13k ▼ 25.8%
Debt
€303k ▲ 0.5%
Debt's share of the balance-sheet total rises from 94.5% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▲
2023 · €-3k
Cash flow
€-3k▲
2023 · €-3k
Quick ratio
0.48▼
2023 · 53.63
Debt to equity
23.14▲
2023 · 17.10
ROE
-34.7%▼
2023 · -26.4%
ROA
-1.4%▲
2023 · -1.5%
Interest coverage
-58.29▲
2023 · -60.70
Debt ≤ 1 year
€1k▲
2023 · €38
Debt > 1 year
€301k=
2023 · €301k
A ratio outside any meaningful range has been withheld (balance sheet total €316k, equity €13k).
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 · 2024 against 2023 · 30 lines
Balance sheet
Code20232024
Assets
Total assets20/58€319k€316k▼
Fixed assets21/28€5k€3k▼
Intangible fixed assets21€5k€3k▼
Current assets29/58€315k€313k▼
Stocks and contracts in progress3€312k€312k=
Stocks30/36€312k€312k=
Amounts receivable within one year40/41€7€13▲
Other amounts receivable41€7€13▲
Cash at bank and in hand54/58€2k€668▼
Equity and liabilities
Total equity and liabilities10/49€319k€316k▼
Equity10/15€18k€13k▼
Contributions10/11€60k€60k=
Profit (loss) carried forward14€-42k€-47k▼
Amounts payable17/49€302k€303k▲
Amounts payable after more than one year17€301k€301k=
Other amounts payable178/9€301k€301k=
Amounts payable within one year42/48€38€1k▲
Trade debts44€38€1k▲
Suppliers440/4€38€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€672€678▲
Gross operating margin9900€-2k€-2k▲
Operating profit (loss)9901€-5k€-4k▲
Financial charges65/66B€46€46=
Recurring financial charges65€46€46=
Profit (loss) for the period before taxes9903€-5k€-5k▲
Profit (loss) for the period9904€-5k€-5k▲
Profit (loss) for the period to be appropriated9905€-5k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-47k▼
Profit (loss) brought forward from the previous period14P€-38k€-42k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €789 | €2k | €2k | €2k | = |
| Other operating charges640/8 | - | €541 | €759 | €672 | €678 | ▲ 1.0% |
| Gross operating margin9900 | €-4k | €-4k | €-15k | €-2k | €-2k | ▲ 5.5% |
| Operating profit (loss)9901 | €-5k | €-6k | €-18k | €-5k | €-4k | ▲ 2.4% |
| Financial income75/76B | - | €10 | €0 | - | - | - |
| Recurring financial income75 | - | €10 | €0 | - | - | - |
| Financial charges65/66B | - | €15 | €115 | €46 | €46 | = |
| Recurring financial charges65 | €9k | €15 | €115 | €46 | €46 | = |
| Profit (loss) for the period before taxes9903 | €-14k | €-6k | €-18k | €-5k | €-5k | ▲ 2.4% |
| Profit (loss) for the period9904 | €-14k | €-6k | €-18k | €-5k | €-5k | ▲ 2.4% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-6k | €-18k | €-5k | €-5k | ▲ 2.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327k | €353k | €323k | €319k | €316k | ▼ 1.0% |
| Fixed assets21/28 | - | €8k | €6k | €5k | €3k | ▼ 39.0% |
| Intangible fixed assets21 | - | €8k | €6k | €5k | €3k | ▼ 39.0% |
| Current assets29/58 | €327k | €345k | €317k | €315k | €313k | ▼ 0.4% |
| Stocks and contracts in progress3 | €280k | €308k | €312k | €312k | €312k | = |
| Stocks30/36 | - | €308k | €312k | €312k | €312k | = |
| Amounts receivable within one year40/41 | €6k | €8k | €2k | €7 | €13 | ▲ 71.4% |
| Other amounts receivable41 | - | €8k | €2k | €7 | €13 | ▲ 71.4% |
| Cash at bank and in hand54/58 | €41k | €29k | €3k | €2k | €668 | ▼ 67.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327k | €353k | €323k | €319k | €316k | ▼ 1.0% |
| Equity10/15 | €46k | €40k | €22k | €18k | €13k | ▼ 25.8% |
| Contributions10/11 | - | €60k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-14k | €-20k | €-38k | €-42k | €-47k | ▼ 10.7% |
| Amounts payable17/49 | €281k | €313k | €301k | €302k | €303k | ▲ 0.5% |
| Amounts payable after more than one year17 | €240k | €296k | €296k | €301k | €301k | = |
| Other amounts payable178/9 | - | €296k | €296k | €301k | €301k | = |
| Amounts payable within one year42/48 | €31k | €17k | €5k | €38 | €1k | ▲ 3,611% |
| Trade debts44 | €31k | €14k | €5k | €38 | €1k | ▲ 3,611% |
| Suppliers440/4 | - | €14k | €5k | €38 | €1k | ▲ 3,611% |
| Taxes, remuneration and social security45 | - | €3k | €0 | - | - | - |
| Taxes450/3 | - | €3k | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-6k | €-18k | €-5k | €-5k | ▲ 2.4% |
| + Depreciation and write-downs630 | - | €789 | €2k | €2k | €2k | = |
| Operating cash flow (approximation) | €-14k | €-5k | €-16k | €-3k | €-3k | ▲ 3.9% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €-13k | €-26k | €-863 | €-1k | ▼ 59.0% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 118current ratio 8236.40
Current ratio from 69.80 to 8236.40; short-term debt falls from €5k to €38.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 69.80
Current ratio from 20.78 to 69.80; short-term debt falls from €17k to €5k.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mons · 1 establishment unit since 2020
Ground area
5,467 m²
Building footprint
837 m²
Volume, LiDAR
83 m³
2 parcels, Wallonia · tallest building 2.6 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IMMO QCM
since 20202.301.106.452
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55005C0239/00B000 | Wallonia | 5,366 m² | 1 · 740 m² | 2.6 m |
| 53403E0810/00_000 | Wallonia | 101 m² | 1 · 97 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,455 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
Founded13-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.