Active BE 0452.196.875Public limited company

IMMO YMCO

Avenue Blonden 44 ·4000 Liège, Belgium· 32 yrs active

Sector: Development of residential building projects (68121)

Conclusion Checked

IMMO YMCO has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €449k and a net result of €-7k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€449k
Net result	€-7k
Better than sector	65%
Active	32 yrs

Financial profile 5 of 5 axes measured · computed by Checked

50 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 35

Profitability 0

Solvency 64

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1994, 32 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

35 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€16k

estimate, not credit advice

Score history

65 2023

60 2024

35 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.52 (≥ 1.5) +10

Quick ratio Quick ratio 0.28 (< 0.6) -5

Leverage Debt/equity 1.96 (< 2.0) +3

Profitability Negatieve ROE -1% -10

Interest coverage Interest coverage 0.5× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview16 NBB filings

Annual accounts filed on 24-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Net result: declining trend of ~139.3%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	33.6%	16.2%	better than 65% of 547 sector peers
Net result	€-7k	€6k	better than 35% of 547 sector peers
Equity	€449k	€167k	better than 66% of 547 sector peers
Gross operating margin	€16k	€77k	better than 30% of 546 sector peers
Total assets	€1.34M	€1.39M	better than 49% of 547 sector peers

EBITDA

€12k

- 23-25

Net profit

€-7k

- 23-25

Cash flow

€-6k

- 23-25

Total assets

€1.34M

-7.6% 23-25

Equity

€449k

-1.4% 23-25

Working capital

€453k

-2.2% 23-25

Income taxes

€154

-99.5% 23-25

Debt

€879k

-10.5% 23-25

Debt ≤ 1y

€879k

-10.5% 23-25

Current ratio

1.52

+3.0% 23-25

Quick ratio

0.28

+34.5% 23-25

Solvency

33.6%

+6.7% 23-25

Debt / equity

1.96

-9.2% 23-25

ROE

-1.5%

- 23-25

ROA

-0.5%

- 23-25

Interest coverage

0.46

- 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	abbreviated schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€12k	-	-
Net profit	€-7k	€59k	€157k
Cash flow	€-6k	-	-
Staff costs	-	-	-
Income taxes	€154	€29k	€19k
Dividends	-	-	-
Total assets	€1.34M	€1.45M	€1.38M
Equity	€449k	€456k	€397k
Debt	€879k	€983k	€975k
of which ≤ 1y	€879k	€983k	€974k
of which > 1y	-	-	-
Working capital	€453k	€464k	€407k
Employees (FTE)	-	-	-

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023
Current ratio	1.52	1.47	1.42
Quick ratio	0.28	0.21	0.70
Working capital ratio	33.9%	32.1%	29.5%
Solvency	33.6%	31.5%	28.8%
Debt / equity	1.96	2.16	2.46
Long-term debt ratio	-	-	-
Interest coverage	0.46	-	-
Gross margin	-	-	-
Net margin	-	-	-
ROA	-0.5%	4.0%	11.3%
ROE	-1.5%	12.9%	39.4%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €4k · 0.3% Current assets €1.33M · 99.7%

Equity & liabilities

Equity €449k · 33.6% Provisions €8k · 0.6% Debt €879k · 65.8%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.34M	€1.45M	€1.38M
Fixed assets	21/28	€4k	€250	€250
Tangible fixed assets	22/27	€4k	-	-
Financial fixed assets	28	€250	€250	€250
Current assets	29/58	€1.33M	€1.45M	€1.38M
Stocks & contracts in progress	3	€1.09M	€1.24M	€703k
Amounts receivable within one year	40/41	€239k	€114k	€420k
Cash & bank	54/58	€2k	€86k	€256k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.34M	€1.45M	€1.38M
Equity	10/15	€449k	€456k	€397k
Contributions / capital	10/11	€62k	€62k	€62k
Reserves	13	€65k	€65k	€6k
Accumulated profits (losses)	14	€322k	€329k	€329k
Provisions & deferred taxes	16	€8k	€8k	€8k
Amounts payable	17/49	€879k	€983k	€975k
Amounts payable within one year	42/48	€879k	€983k	€974k
Trade debts payable within one year	44	€73k	€123k	€109k
Income statement
Gross operating margin	9900	€16k	€115k	€248k
Operating result	9901	€12k	€110k	€233k
Financial income	75	€9k	€3k	€2k
Financial charges	65	€27k	€25k	€60k
Result before taxes	9903	€-6k	€88k	€176k
Income taxes	67/77	€154	€29k	€19k
Net result for the period	9904	€-7k	€59k	€157k
Result to be appropriated	9905	€-7k	€59k	€157k

Legal Structure

NACE primary	Development of residential building projects(68121)
Legal form	Public limited company(014)
Incorporation	28-02-1994
Status	Active
Postal code	4000

Establishment units 1 location

MECA-SERVICES INDUSTRIES

Es Spita 5, 4190 FerrièresAir transport

since 19952.073.126.659

Real-estate footprint Source: CBE × cadastre

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61019B0309/00S000	Wallonia	1,786 m²	1 · 132 m²	8.1 m · 2 fl.
62805B0418/00F000	Wallonia	858 m²	1 · 383 m²	36.2 m · 12 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 24 days late

2025

31-12

Financial Weakest financial yearnet €-7k ▼111%

Net result drops to €-7k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 30 days late

2024

27-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 58 days late

15-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 168 days late

10-01

State Gazette act Director changes

Alexandre CAEYMAEX

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

06-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 159 days late

2020

10-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 132 days late

2019

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 31 days late

2017

07-09

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 38 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

10-01-2024 2 directors appointed, 2 reappointed Director changes·Alexandre CAEYMAEX

MESSENS Renaud, Gedelegeerd bestuurder
MASSILLON Laurent, Gedelegeerd bestuurder
MESSENS Renaud, Directeur
MASSILLON Laurent, Directeur

Notary: Alexandre CAEYMAEX · Liège

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Development of residential building projects68121Engineering and related technical consultancy, excluding land surveyors71121

Names & trade names

Legal nameFR

IMMO YMCO

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