QUALIMMO
ActiveSummary
QUALIMMO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €47,116. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 4813 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+2
Solvency45▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.3 in 2023; short-term debt: 9.4% and cash: 0% of total assets), and 79.7% of the assets are financed with debt.
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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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.3%
Return on assets
0.8%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €1.1m
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
27 d late
2022
30 d late
2021
31 d late
2020
47 d early
2019
44 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, full schema
In the rankings
#10 company by total assets in Herstal, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€47,116▲ 1,396%
2023 · €3,150
Working capital
-€278,281▼ 17.8%
2023 · -€236,239
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
Line20202021202220232024
Operating result€378,060▲ 107%€31,190▼ 91.8%€31,010▼ 0.6%€32,298▲ 4.2%€124,593▲ 286%
Net result€367,643▲ 127%€12,951▼ 96.5%€12,980▲ 0.2%€3,150▼ 75.7%€47,116▲ 1,396%
Equity€1.7m▲ 0.5%€1.5m▼ 11.2%€242,974▼ 83.6%€474,254▲ 95.2%€1.1m▲ 138%
Total assets€3.5m▼ 10.9%€3.0m▼ 15.9%€1.5m▼ 49.0%€2.6m▲ 68.9%€5.6m▲ 118%
Debt€1.8m▼ 19.4%€1.4m▼ 20.3%€1.3m▼ 10.0%€1.9m▲ 50.3%€4.3m▲ 125%
Working capital€377,773▲ 27.7%€244,276▼ 35.3%-€181,939-€236,239▼ 29.8%-€278,281▼ 17.8%
Why a figure moved sharply
- 2024 Equity +138%, Total assets +118% on 2023. Cause not known from the registers.
- 2023 Equity +95%, Total assets +69% on 2022. Cause not known from the registers.
- 2022 Equity -84% on 2021. Cause not known from the registers.
- 2021 Net result -96% on 2020. Cause not known from the registers.
- 2020 Net result +127% on 2019. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 286% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.6m
Fixed assets
€5.3m ▲ 117%
Current assets
€242,881 ▲ 138%
Equity and liabilities €5.6m
Equity
€1.1m ▲ 138%
Provisions
€180,067 ▼ 4.9%
Debt
€4.3m ▲ 125%
Debt's share of the balance-sheet total rises from 74.0% to 76.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€433,359▲
2023 · €202,828
Cash flow
€355,882▲
2023 · €173,679
Current ratio
0.47▲
2023 · 0.30
Debt to equity
3.76▼
2023 · 3.98
ROE
4.2%▲
2023 · 0.7%
ROA
0.8%▲
2023 · 0.1%
Interest coverage
6.29▲
2023 · 5.89
Debt ≤ 1 year
€521,163▲
2023 · €338,370
Debt > 1 year
€3.7m▲
2023 · €1.6m
Income taxes
€21,070▲
2023 · €13,926
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,050 | - | €42,159 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €283,514 | €262,654 | €109,558 | €170,529 | €308,766 | ▲ 81.1% |
| Other operating charges640/8 | - | €141,312 | €16,084 | €17,587 | €30,118 | ▲ 71.2% |
| Gross operating margin9900 | €730,647 | €435,156 | €156,652 | €220,415 | €463,477 | ▲ 110% |
| Operating profit (loss)9901 | €378,060 | €31,190 | €31,010 | €32,298 | €124,593 | ▲ 286% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €17,352 | €14,930 | €34,460 | €68,851 | ▲ 99.8% |
| Recurring financial charges65 | €23,980 | €17,352 | €14,930 | €34,460 | €68,851 | ▲ 99.8% |
| Profit (loss) for the period before taxes9903 | €354,080 | €13,838 | €16,080 | -€2,162 | €55,742 | ▲ 2,678% |
| Transfer from deferred taxes780 | - | €15,099 | €3,128 | €19,238 | €12,444 | ▼ 35.3% |
| Income taxes67/77 | €1,536 | €15,985 | €6,228 | €13,926 | €21,070 | ▲ 51.3% |
| Profit (loss) for the period9904 | €367,643 | €12,951 | €12,980 | €3,150 | €47,116 | ▲ 1,396% |
| Transfer from tax-exempt reserves789 | - | €30,655 | €4,028 | €4,374 | - | - |
| Profit (loss) for the period to be appropriated9905 | €398,298 | €43,607 | €17,008 | €7,524 | €47,116 | ▲ 526% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.0m | €1.5m | €2.6m | €5.6m | ▲ 118% |
| Fixed assets21/28 | €2.5m | €2.3m | €1.2m | €2.5m | €5.3m | ▲ 117% |
| Intangible fixed assets21 | - | - | - | €106,842 | €81,169 | ▼ 24.0% |
| Tangible fixed assets22/27 | €2.5m | €2.3m | €1.2m | €2.3m | €5.2m | ▲ 123% |
| Land and buildings22 | - | €2.2m | €1.2m | €2.3m | €5.2m | ▲ 124% |
| Furniture and vehicles24 | - | €72,916 | €40,541 | €8,166 | - | - |
| Financial fixed assets28 | €5,300 | €5,300 | - | - | €13,050 | - |
| Current assets29/58 | €973,296 | €677,424 | €311,060 | €102,130 | €242,881 | ▲ 138% |
| Amounts receivable within one year40/41 | €616,209 | €464,368 | €24,238 | €86,121 | €225,547 | ▲ 162% |
| Trade receivables40 | - | €64,368 | €22,464 | €18,933 | €2,463 | ▼ 87.0% |
| Other amounts receivable41 | - | €400,000 | €1,775 | €67,188 | €223,084 | ▲ 232% |
| Cash at bank and in hand54/58 | €357,087 | €212,891 | €282,322 | €11,493 | €620 | ▼ 94.6% |
| Deferred charges and accrued income490/1 | - | €165 | €4,500 | €4,516 | €16,715 | ▲ 270% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.0m | €1.5m | €2.6m | €5.6m | ▲ 118% |
| Equity10/15 | €1.7m | €1.5m | €242,974 | €474,254 | €1.1m | ▲ 138% |
| Contributions10/11 | €815,000 | €815,000 | €127,530 | €151,037 | €287,350 | ▲ 90.3% |
| Capital10 | - | €815,000 | €127,530 | €151,037 | €287,350 | ▲ 90.3% |
| Issued capital100 | - | €815,000 | €127,530 | €151,037 | €287,350 | ▲ 90.3% |
| Reserves13 | €314,554 | €283,899 | €38,860 | €227,259 | €237,768 | ▲ 4.6% |
| Non-distributable reserves130/1 | - | €81,500 | €12,753 | €205,180 | €218,811 | ▲ 6.6% |
| Legal reserve130 | - | €81,500 | €12,753 | €15,104 | €28,735 | ▲ 90.3% |
| Reserves not available under the articles1311 | - | - | - | €190,076 | €190,076 | = |
| Tax-exempt reserves132 | - | €174,399 | €21,725 | €17,697 | €14,576 | ▼ 17.6% |
| Distributable reserves133 | - | €28,000 | €4,381 | €4,381 | €4,381 | = |
| Profit (loss) carried forward14 | €537,127 | €380,733 | €76,584 | €95,958 | €605,126 | ▲ 531% |
| Provisions and deferred taxes16 | €100,997 | €85,898 | €11,850 | €189,389 | €180,067 | ▼ 4.9% |
| Deferred taxes168 | - | €85,898 | €11,850 | €189,389 | €180,067 | ▼ 4.9% |
| Amounts payable17/49 | €1.8m | €1.4m | €1.3m | €1.9m | €4.3m | ▲ 125% |
| Amounts payable after more than one year17 | €1.2m | €957,428 | €764,309 | €1.6m | €3.7m | ▲ 141% |
| Financial debts170/4 | - | €917,292 | €748,809 | €1.5m | €3.6m | ▲ 135% |
| Other amounts payable178/9 | - | €40,136 | €15,500 | €15,500 | €125,500 | ▲ 710% |
| Amounts payable within one year42/48 | €595,524 | €433,148 | €492,999 | €338,370 | €521,163 | ▲ 54.0% |
| Current portion of amounts payable after more than one year42 | - | €193,832 | €168,319 | €188,519 | €401,687 | ▲ 113% |
| Financial debts43 | - | - | €307,733 | €98,476 | €24,193 | ▼ 75.4% |
| Credit institutions430/8 | - | - | - | - | €24,193 | - |
| Other loans439 | - | - | €307,733 | €98,476 | - | - |
| Trade debts44 | €2,504 | €28,400 | €8,560 | €22,070 | €60,473 | ▲ 174% |
| Suppliers440/4 | - | €28,400 | €8,560 | €22,070 | €60,473 | ▲ 174% |
| Advances received on contracts in progress46 | - | €2,159 | €2,159 | - | - | - |
| Taxes, remuneration and social security45 | - | €8,757 | €6,228 | €29,093 | €34,377 | ▲ 18.2% |
| Taxes450/3 | - | €8,757 | €6,228 | €29,093 | €34,377 | ▲ 18.2% |
| Other amounts payable47/48 | - | €200,000 | - | €211 | €433 | ▲ 105% |
| Accrued charges and deferred income492/3 | - | €6,256 | - | €1,109 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €367,643 | €12,951 | €12,980 | €3,150 | €47,116 | ▲ 1,396% |
| + Depreciation and write-downs630 | €283,514 | €262,654 | €109,558 | €170,529 | €308,766 | ▲ 81.1% |
| Operating cash flow (approximation) | €651,157 | €275,606 | €122,538 | €173,679 | €355,882 | ▲ 105% |
| Investment in fixed assets (approximation) | - | €0 | €974,308 | -€1.4m | -€3.2m | ▼ 124% |
| Change in cash | - | -€144,197 | €69,431 | -€270,828 | -€10,874 | ▲ 96.0% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Equity above €1mEq €1.1m ▲138%
7 profitable years in a row build equity to €1.1m.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €3,150 ▼75.7%
Net result drops to €3,150, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €367,643 ▲127%
Operating result €378,060, net result €367,643, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1 day late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Herstal · 1 establishment unit since 2004
Ground area
1.2 ha
Building footprint
3,643 m²
Volume, LiDAR
28,104 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
QUALIMMO S.A.
since 20042.137.232.078
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62055C0231/00F000 | Wallonia | 8,135 m² | 1 · 2,596 m² | 11.4 m · 3 fl. |
| 62071B0791/00E003 | Wallonia | 3,415 m² | 1 · 1,047 m² | 5.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 3,769 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
77110Renting and leasing of cars and light motor vehicles
Contact
Phone
04 250 64 44Flémalle
Fax
04 250 64 40Flémalle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865426575
Also
9925:BE0865426575
Registered
10-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.