M3L IMMO
ActiveM3L IMMO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122k and a net result of €-4k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▲+19
Solvency41=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity short (current ratio 0.04 against 0.03 in 2023; short-term debt: 63.9% and cash: 0.6% of total assets), and 83.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 68
lower
← 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
16.1%
Return on assets
-0.5%
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
21222324
2021 to 2024 · latest year €-4k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2026, 411 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
411 d late
2023
378 d late
2022
288 d late
2021
78 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€122k▼ 2.9%
2023 · €125k
2021: €154k
2022: €138k
2023: €125k
2021 → 2024
Total assets
€755k▼ 2.4%
2023 · €774k
2021: €601k
2022: €778k
2023: €774k
2021 → 2024
Net result
€-4k▲ 70.0%
2023 · €-12k
2021: €-21k
2022: €-17k
2023: €-12k
2021 → 2024
Working capital
€-465k▲ 0.8%
2023 · €-468k
2021: €-345k
2022: €-446k
2023: €-468k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€154k-€138k▼ 10.9%€125k▼ 8.9%€122k▼ 2.9%
Operating result€-14k-€-11k▲ 22.1%€-8k▲ 29.7%€444
Net result€-21k-€-17k▲ 17.9%€-12k▲ 27.5%€-4k▲ 70.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €444 after a loss of €8k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €755k
Fixed assets
€737k▼ 2.7%
Current assets
€18k▲ 10.4%
Equity and liabilities €755k
Equity
€122k▼ 2.9%
Debt
€633k▼ 2.4%
The debt ratio rises from 83.8% to 83.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21k▲
2023 · €12k
Cash flow
€17k▲
2023 · €8k
Solvency
16.1%▼
2023 · 16.2%
Current ratio
0.04▲
2023 · 0.03
Quick ratio
0.04▲
2023 · 0.03
Debt / equity
5.20▲
2023 · 5.17
ROE
-3.0%▲
2023 · -9.7%
ROA
-0.5%▲
2023 · -1.6%
Interest coverage
4.80▲
2023 · 2.71
Debt
€633k▼
2023 · €648k
Debt ≤ 1 year
€483k▼
2023 · €485k
Debt > 1 year
€151k▼
2023 · €163k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€774k€755k▼
Fixed assets21/28€758k€737k▼
Tangible fixed assets22/27€758k€737k▼
Land and buildings22€758k€737k▼
Current assets29/58€16k€18k▲
Amounts receivable within one year40/41€15k€13k▼
Other amounts receivable41€15k€13k▼
Cash at bank and in hand54/58€997€5k▲
Equity and liabilities
Total equity and liabilities10/49€774k€755k▼
Equity10/15€125k€122k▼
Contributions10/11€175k€175k=
Profit (loss) carried forward14€-50k€-53k▼
Amounts payable17/49€648k€633k▼
Amounts payable after more than one year17€163k€151k▼
Financial debts170/4€163k€151k▼
Amounts payable within one year42/48€485k€483k▼
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Other amounts payable47/48€469k€469k=
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€21k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€17k€24k▲
Operating profit (loss)9901€-8k€444▲
Financial income75/76B-€284
Recurring financial income75-€284
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€-12k€-4k▲
Profit (loss) for the period9904€-12k€-4k▲
Profit (loss) for the period to be appropriated9905€-12k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-53k▼
Profit (loss) brought forward from the previous period14P€-37k€-50k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 411 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 378 days late
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 288 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Oudenaarde · 1 establishment unit since 2020
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.
Ronsen Heerweg 559700 OudenaardeGround area
2,380 m²
Building footprint
131 m²
Volume, LiDAR
938 m³
Parcel 45054B0339/00C000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
M3L IMMO
since 20202.300.007.184
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45054B0339/00C000 | Flanders | 2,380 m² | 1 · 131 m² | 10.3 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.
Similar companies · same sector, comparable size
Mapi
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Schreurs Invest
BE 0763.789.876
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8C8 VASTGOED
BE 0843.314.040
Schoten · Eq €121k
DIVINE ESTATES
BE 0685.973.409
Kluisbergen · Eq €122k
KJEFIMAR
BE 0501.746.851
Hoeilaart · Eq €122k
Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,774 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-02-2020
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.