M & S IMMO
ActiveM & S IMMO has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €178k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-1
Solvency29▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.04 in 2024; short-term debt: 37.9% and cash: 2.5% of total assets), and 96% 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.
−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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4%
Return on assets
7%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9183 sector peers (2025).
NBB · sector comparisonPosition among 9183 sector peers
Solvency
better than 22%
← 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
7 d early
2023
23 d late
2022
24 d late
2021
30 d late
2020
31 d late
2019
28 d late
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€178k▼ 9.1%
2024 · €196k
2018: €-5k
2019: €59k
2020: €-16k
2021: €-228k
2022: €-49k
2023: €71k
2024: €196k
2018 → 2025
Working capital
€-903k▲ 8.1%
2024 · €-983k
2018: €-312k
2019: €-63k
2020: €-92k
2021: €-1.06M
2022: €-1.10M
2023: €-1.09M
2024: €-983k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-295k-€-344k▼ 16.5%€-273k▲ 20.7%€-77k▲ 71.8%€101k
Operating result€-211k-€-23k▲ 88.9%€98k€219k▲ 124%€231k▲ 5.6%
Net result€-228k-€-49k▲ 78.7%€71k€196k▲ 176%€178k▼ 9.1%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.55M
Fixed assets
€2.49M▼ 1.4%
Current assets
€66k▲ 55.1%
Equity and liabilities €2.55M
Equity
€101k
Debt
€2.45M
Debt finances 96.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€267k▲
2024 · €255k
Cash flow
€214k▼
2024 · €232k
Solvency
4.0%▲
2024 · -3.0%
Current ratio
0.07▲
2024 · 0.04
Quick ratio
0.07▲
2024 · 0.04
Debt / equity
24.26▲
2024 · -34.36
ROE
176.1%
ROA
7.0%▼
2024 · 7.6%
Interest coverage
12.48▲
2024 · 11.06
Debt
€2.45M▼
2024 · €2.64M
Debt ≤ 1 year
€968k▼
2024 · €1.03M
Debt > 1 year
€1.47M▼
2024 · €1.60M
Income taxes
€32k
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€2.57M€2.55M▼
Fixed assets21/28€2.52M€2.49M▼
Tangible fixed assets22/27€2.52M€2.49M▼
Land and buildings22€2.52M€2.49M▼
Current assets29/58€42k€66k▲
Amounts receivable within one year40/41€8k€1k▼
Trade receivables40€1k€1k▼
Other amounts receivable41€7k-
Cash at bank and in hand54/58€22k€65k▲
Deferred charges and accrued income490/1€12k-
Equity and liabilities
Total equity and liabilities10/49€2.57M€2.55M▼
Equity10/15€-77k€101k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-96k€83k▲
Amounts payable17/49€2.64M€2.45M▼
Amounts payable after more than one year17€1.60M€1.47M▼
Financial debts170/4€1.60M€1.47M▼
Amounts payable within one year42/48€1.03M€968k▼
Current portion of amounts payable after more than one year42€141k€142k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€33€32k▲
Taxes450/3€33€32k▲
Other amounts payable47/48€883k€794k▼
Accrued charges and deferred income492/3€14k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€36k=
Other operating charges640/8€19k€20k▲
Gross operating margin9900€274k€287k▲
Operating profit (loss)9901€219k€231k▲
Financial charges65/66B€23k€21k▼
Recurring financial charges65€23k€21k▼
Profit (loss) for the period before taxes9903€196k€210k▲
Income taxes67/77-€32k
Profit (loss) for the period9904€196k€178k▼
Profit (loss) for the period to be appropriated9905€196k€178k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-96k€83k▲
Profit (loss) brought forward from the previous period14P€-291k€-96k▲
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100kEq €101k
3 profitable years in a row build equity to €101k.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €196k ▲176%
Net result €196k, the highest in the series.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Back to profitnet €71k
Net result €71k after 3 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-228k
Net result drops to €-228k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Sint-Genesius-Rode · 1 establishment unit since 2014
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.
Sperwerlaan 161640 Sint-Genesius-RodeGround area
5,592 m²
Building footprint
3,116 m²
Parcel 22552E0043/00D060, Flanders. Linked by address, not a title deed.
1 establishment unit
Sperwerlaan 16, 1640 Sint-Genesius-Rode
since 20142.235.949.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0043/00D060 | Flanders | 5,592 m² | 1 · 3,116 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.
Similar companies · same sector, comparable size
RENOBRICKX
BE 0645.874.005
Zedelgem · Eq €101k
SILICON MONKEYS
BE 0809.114.018
Holsbeek · Eq €101k
WILSON DV
BE 0834.230.979
Diepenbeek · Eq €101k
IMMOBILIERE SONEGIENNE
BE 0568.524.225
Soignies · Eq €101k
VANHIL INVEST
BE 0675.451.580
Bilzen-Hoeselt · Eq €101k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,705 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-06-2014
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.