Immobilière M&N
ActiveThe annual accounts of Immobilière M&N for fiscal year 2025 show a net loss of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €411 and a net result of €-4k. Equity is shrinking by ~17.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 12% of 7391 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+1
Solvency25▼-13
Growth38=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.46 against 0.33 in 2024; short-term debt: 19% and cash: 5.7% of total assets), and 99.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-2.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7391 sector peers (2025).
NBB · sector comparisonPosition among 7391 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
18 d early
2024
17 d early
2023
5 d early
2022
10 d early
2021
1 d early
2020
7 d early
2019
5 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€9▼ 93.8%
2020 · €144
2018: €2k
2019: €8k
2020: €144
2018 → 2021
EBIT margin
-19693.4%▼ 18758.7pp
2020 · -934.7%
2018: -369.7%
2019: 36.6%
2020: -934.7%
2018 → 2021
Net result
€-4k
2024 · €4k
2018: €-6k
2019: €3k
2020: €-874
2021: €-1k
2022: €-723
2023: €-7k
2024: €4k
2018 → 2025
Working capital
€-18k▲ 4.5%
2024 · €-19k
2018: €7k
2023: €687
2024: €-19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€9-
Equity€8k-€8k▼ 8.5%€687▼ 91.1%€4k▲ 525%€411▼ 90.4%
Operating result€-2k-€-1k▲ 33.9%€-7k▼ 516%€4k€895▼ 75.5%
Net result€-1k-€-723▲ 49.8%€-7k▼ 877%€4k€-4k
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 2025; 2025 is 76% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177k
Fixed assets
€162k▲ 594%
Current assets
€15k▲ 64.9%
Equity and liabilities €177k
Equity
€411▼ 90.4%
Debt
€177k▲ 523%
The debt ratio rises from 86.8% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▲
2024 · €5k
Cash flow
€15k▲
2024 · €5k
Solvency
0.2%▼
2024 · 13.2%
Current ratio
0.46▲
2024 · 0.33
Quick ratio
0.46▲
2024 · 0.33
ROA
-2.2%▼
2024 · 11.1%
Interest coverage
17.00
Debt
€177k▲
2024 · €28k
Debt ≤ 1 year
€34k▲
2024 · €28k
Debt > 1 year
€143k
Income taxes
€184▲
2024 · €47
Equity ratios withheld: equity of €411 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€33k€177k▲
Fixed assets21/28€23k€162k▲
Tangible fixed assets22/27€23k€162k▲
Land and buildings22-€99k
Plant, machinery and equipment23-€44k
Furniture and vehicles24€23k€18k▼
Current assets29/58€9k€15k▲
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40-€3k
Other amounts receivable41€4k€95▼
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€33k€177k▲
Equity10/15€4k€411▼
Contributions10/11€13k€13k=
Profit (loss) carried forward14€-9k€-13k▼
Amounts payable17/49€28k€177k▲
Amounts payable after more than one year17-€143k
Financial debts170/4-€124k
Other amounts payable178/9-€19k
Amounts payable within one year42/48€28k€34k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€562€3k▲
Suppliers440/4€562€3k▲
Taxes, remuneration and social security45€47€595▲
Taxes450/3€47€595▲
Other amounts payable47/48€28k€24k▼
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€9k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€19k▲
Other operating charges640/8€52€4k▲
Gross operating margin9900€5k€23k▲
Operating profit (loss)9901€4k€895▼
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B-€5k
Recurring financial charges65-€1k
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€4k€-4k▼
Income taxes67/77€47€184▲
Profit (loss) for the period9904€4k€-4k▼
Profit (loss) for the period to be appropriated9905€4k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-13k▼
Profit (loss) brought forward from the previous period14P€-12k€-9k▲
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
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Pont-à-Celles · 1 establishment unit since 2017
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.
Rue des Grands Sarts(VIE) 506230 Pont-à-CellesGround area
647 m²
Building footprint
67 m²
Volume, LiDAR
452 m³
Parcel 52067B0354/00G002, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GERARD PASCAL & FILS
since 20172.270.081.003
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52067B0354/00G002 | Wallonia | 647 m² | 1 · 67 m² | 8.4 m · 2 fl. |
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 29,803 companies in sector 41001 we hold annual accounts for 16,040. 825 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.