M13 IMMO
ActiveSummary
The computed 12-month bankruptcy probability of M13 IMMO is 3.7% (moderate). The 2025 annual accounts show equity of €69k and a net result of €10k. Equity is growing by ~45% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-17
Solvency36▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.15 in 2024; short-term debt: 6.9% and cash: 0.9% of total assets), and 88.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 · 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
11.1%
Return on assets
1.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
26 d late
2024
56 d late
2023
33 d early
2022
60 d late
2021
30 d late
2020
30 d late
2019
25 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▲ 17.4%
2024 · €59k
Total assets
€623k▼ 3.1%
2024 · €643k
Net result
€10k▼ 69.1%
2024 · €33k
Working capital
€-37k▼ 13.1%
2024 · €-33k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33k▲ 92.6%€23k▼ 30.7%€11k▼ 51.8%€46k▲ 327%€22k▼ 51.5%
Net result€17k▲ 635%€8k▼ 54.1%€-3k€33k€10k▼ 69.1%
Equity€21k▲ 512%€29k▲ 38.4%€26k▼ 10.2%€59k▲ 129%€69k▲ 17.4%
Total assets€699k▼ 3.4%€680k▼ 2.7%€663k▼ 2.5%€643k▼ 3.0%€623k▼ 3.1%
Debt€678k▼ 5.8%€652k▼ 3.9%€637k▼ 2.2%€584k▼ 8.4%€554k▼ 5.2%
Working capital€-36k▲ 3.3%€-41k▼ 12.2%€-52k▼ 28.6%€-33k▲ 37.1%€-37k▼ 13.1%
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 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €623k
Fixed assets
€617k ▼ 3.2%
Current assets
€6k ▲ 3.1%
Equity and liabilities €623k
Equity
€69k ▲ 17.4%
Debt
€554k ▼ 5.2%
Debt's share of the balance-sheet total falls from 90.8% to 88.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▼
2024 · €67k
Cash flow
€31k▼
2024 · €53k
Current ratio
0.14▼
2024 · 0.15
Debt to equity
8.00▼
2024 · 9.91
ROE
14.8%▼
2024 · 56.4%
ROA
1.6%▼
2024 · 5.2%
Interest coverage
3.47▼
2024 · 5.08
Debt ≤ 1 year
€43k▲
2024 · €39k
Debt > 1 year
€506k▼
2024 · €541k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €20k | €20k | €20k | €20k | = |
| Other operating charges640/8 | €7k | €7k | €9k | €9k | €10k | ▲ 3.1% |
| Gross operating margin9900 | €60k | €50k | €40k | €76k | €52k | ▼ 31.0% |
| Operating profit (loss)9901 | €33k | €23k | €11k | €46k | €22k | ▼ 51.5% |
| Financial income75/76B | - | - | - | - | €110 | - |
| Recurring financial income75 | - | - | - | - | €110 | - |
| Financial charges65/66B | €15k | €15k | €14k | €13k | €12k | ▼ 6.0% |
| Recurring financial charges65 | €15k | €15k | €14k | €13k | €12k | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €17k | €8k | €-3k | €33k | €10k | ▼ 69.1% |
| Profit (loss) for the period9904 | €17k | €8k | €-3k | €33k | €10k | ▼ 69.1% |
| Profit (loss) for the period to be appropriated9905 | €17k | €8k | €-3k | €33k | €10k | ▼ 69.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €699k | €680k | €663k | €643k | €623k | ▼ 3.1% |
| Fixed assets21/28 | €698k | €678k | €658k | €637k | €617k | ▼ 3.2% |
| Tangible fixed assets22/27 | €698k | €678k | €658k | €637k | €617k | ▼ 3.2% |
| Land and buildings22 | €698k | €678k | €658k | €637k | €617k | ▼ 3.2% |
| Current assets29/58 | €759 | €2k | €5k | €6k | €6k | ▲ 3.1% |
| Cash at bank and in hand54/58 | €759 | €2k | €5k | €6k | €6k | ▲ 3.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €699k | €680k | €663k | €643k | €623k | ▼ 3.1% |
| Equity10/15 | €21k | €29k | €26k | €59k | €69k | ▲ 17.4% |
| Contributions10/11 | €120k | €120k | €120k | €120k | €120k | = |
| Profit (loss) carried forward14 | €-99k | €-91k | €-94k | €-61k | €-51k | ▲ 16.8% |
| Amounts payable17/49 | €678k | €652k | €637k | €584k | €554k | ▼ 5.2% |
| Amounts payable after more than one year17 | €641k | €609k | €575k | €541k | €506k | ▼ 6.4% |
| Financial debts170/4 | €641k | €609k | €575k | €541k | €506k | ▼ 6.4% |
| Amounts payable within one year42/48 | €37k | €43k | €58k | €39k | €43k | ▲ 11.6% |
| Current portion of amounts payable after more than one year42 | €32k | €33k | €33k | €34k | €35k | ▲ 2.2% |
| Trade debts44 | €5k | €10k | €24k | €5k | €8k | ▲ 82.6% |
| Suppliers440/4 | €5k | €10k | €24k | €5k | €8k | ▲ 82.6% |
| Accrued charges and deferred income492/3 | - | - | €4k | €4k | €4k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €8k | €-3k | €33k | €10k | ▼ 69.1% |
| + Depreciation and write-downs630 | €20k | €20k | €20k | €20k | €20k | = |
| Operating cash flow (approximation) | €38k | €28k | €17k | €53k | €31k | ▼ 42.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2k | €3k | €195 | €177 | ▼ 9.2% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Sint-Gillis (bij-Brussel)
Ground area
2,246 m²
Building footprint
1,119 m²
Volume, LiDAR
15,778 m³
Parcel 21013B0353/00L004, Brussels · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0353/00L004 | Brussels | 2,246 m² | 1 · 1,119 m² | 20.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2018
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.