Losses
-€53,952 in five years
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
M3L IMMO
Lifetime
5 annual accounts with figures on one time axispeak €26,741 (2025)
€26,741▲ 13.1%
lowest -€20,524 (2021)
-€689▲ €2,974
peak €154,476 (2021)
€121,048▼ 0.6%
€619,675▼ 2.1%
Board1 name since 2020
1 directorDe Backer,Pascale
Owners
100%DE BACKER FinCo
Documentsfilings and deeds
07-10-202668 days late
2025abbreviated format
Gross margin from €23,636 to €26,741Loss of €689Cash from €4,562 to €12,801
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 37% of micro companies in real estate (NACE 68)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.6%
01-2025: 7.7%▲ +1.1 percentage points vs 12-2024
02-2025: 7.8%▲ +0.1 percentage points vs 01-2025
03-2025: 7.9%▲ +0.1 percentage points vs 02-2025
04-2025: 7.2%▼ -0.7 percentage points vs 03-2025
05-2025: 7.2%● unchanged vs 04-2025
06-2025: 7.0%▼ -0.2 percentage points vs 05-2025
07-2025: 7.0%● unchanged vs 06-2025
08-2025: 8.7%▲ +1.7 percentage points vs 07-2025
09-2025: 4.7%▼ -4.0 percentage points vs 08-2025
10-2025: 6.9%▲ +2.2 percentage points vs 09-2025
11-2025: 6.4%▼ -0.5 percentage points vs 10-2025
12-2025: 6.8%▲ +0.4 percentage points vs 11-2025
01-2026: 7.7%▲ +0.9 percentage points vs 12-2025
02-2026: 7.7%● unchanged vs 01-2026
03-2026: 7.8%▲ +0.1 percentage points vs 02-2026
04-2026: 7.2%▼ -0.6 percentage points vs 03-2026
05-2026: 7.2%● unchanged vs 04-2026
06-2026: 7.0%▼ -0.2 percentage points vs 05-2026
07-2026: 7.0%● unchanged vs 06-2026
08-2026: 8.7%▲ +1.7 percentage points vs 07-2026highest value
09-2026: 8.7%● unchanged vs 08-2026highest value
10-2026: 0.7%▼ -8.0 percentage points vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 68 days late; 3 of the last 3 accounts late
Liquidity: current ratio 0.05, cash €12,801
lowers risk
Size: total assets €740,723
Sector: Real estate activities (NACE 68)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 37% of them on solvency, 15% on liquidity, 52% on profitability and 43% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 748 companies had the same profile as M3L IMMO has now. Each dot stands for 2 companies, two years later.
96.7%
were still trading
1.9%
stopped another way
1.3%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of M3L IMMO itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 748 companies, not a prediction for M3L IMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.05 (0.04 in 2024), below 1. Short-term debt is 65% and cash 1.7% of total assets. 83.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 68 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-10-2026, 68 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
68 days late
2024
411 days late
2023
378 days late
2022
288 days late
2021
78 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 245 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 May (4 of the last 5 accounts filed within 210 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- DE BACKER FinCo 100%score 97equity €3.7m (2025) · 2025 annual accounts of DE BACKER FinCo
Recent changes
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden · Lievegem
Environmental permit refused
Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Lievegem
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Gent
Incorporation
Founder: DE BACKER FINCO · Founding capital of €175,000 · Appointment: De Backer, Pascale (director) · published on 24-02-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| M3L IMMO Oudenaarde | €740,723 | €26,741 | 16.3% | - |
| MAVEKO Lierde | €649,374 | €22,443 | 68.2% | - |
| STUDIO DOMUS Zottegem | €745,551 | €37,497 | -3.8% | - |
| PEDRA VIVA! Deinze | €623,184 | €26,846 | -23.8% | - |
| D2A Raeren | €772,218 | €28,835 | 20.5% | - |
| IMMO EMELIS Menen | €754,476 | €29,827 | -4.9% | - |
| ELPE INVEST Turnhout | €821,817 | €30,194 | 4.6% | - |
These companies have the same main activity as M3L IMMO: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €623,000 and €822,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 20-02-2020Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 3 others
- Establishment unit
- 2.300.007.1849700 Oudenaarde, since 20-02-2020
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on M3L IMMO
M3L IMMO files the abbreviated format. That format states no turnover. The gross margin rose from -€7,864 in 2021 to €26,741 in 2025.
DE BACKER FinCo holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about M3L IMMO
- What is the company number of M3L IMMO?
- The company number of M3L IMMO is 0743.929.226. The VAT number is the same number with BE in front: BE 0743.929.226.
- Where is M3L IMMO based?
- The registered office is at Ronsen Heerweg 55, 9700 Oudenaarde.Company details
- What does M3L IMMO do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of M3L IMMO?
- M3L IMMO is a private limited company (BV).
- When was M3L IMMO founded?
- M3L IMMO was founded on 20-02-2020.
- Is M3L IMMO still active?
- Yes, M3L IMMO is an active enterprise in the KBO register.
- What is the turnover of M3L IMMO?
- The turnover in financial year 2025 is ≈ €73,000. This figure is estimated from the gross margin of €26,741 and 32 comparable companies (NACE 681). It probably lies between €40,000 and €150,000.Financials
- Is M3L IMMO profitable?
- In financial year 2025, M3L IMMO made a loss of €689.
- Where can I find the annual accounts of M3L IMMO?
- M3L IMMO filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of M3L IMMO due?
- M3L IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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