Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
75 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
QSL Immo from Liège, company number BE0693844265, closed financial year 2025 with a result of € -514,211 after tax. For that financial year QSL Immo recorded a gross margin of € 369,553 and equity of € -3.1 million. Compared with financial year 2024, the result moved from € -394,023 to € -514,211. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 2, 2026.
€ -3.1 million
▼ € 514,211 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -514,211
▼ 31 % more loss than in 2024
Profit after tax over the fiscal year.
€ 49,365
▲ € 43,050 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 8.8 million
▲ 83% vs 2024
€ 319,330 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 534,919
▲ 300% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 454,632 | € 472,822 | - | |
| Gross margin | € 335,812 | € 304,201 | € 324,864 | € 369,553 | ▲ 14% |
| Profit after taxes | € -369,458 | € -375,032 | € -394,023 | € -514,211 | ▼ € 120,188 |
| Equity | € -1,849,216 | € -2,224,248 | € -2,618,271 | € -3,132,482 | ▼ € 514,211 |
| Total debts | € 9,498,203 | € 9,418,559 | € 9,345,096 | € 10,216,994 | ▲ 9% |
| Cash | € 3,421 | € 5,609 | € 6,315 | € 49,365 | ▲ € 43,050 |
| Land & buildings | € 7,631,959 | € 7,158,937 | € 6,685,895 | € 4,158,099 | ▼ 38% |
| Retained profit | € -2,049,216 | € -2,424,248 | € -2,818,271 | € -3,332,482 | ▼ € 514,211 |
| Bank debt | € 5,397,317 | € 5,126,483 | € 4,808,313 | € 8,802,086 | ▲ 83% |
| Balance sheet total | € 7,648,987 | € 7,194,312 | € 6,726,825 | € 7,084,512 | ▲ 5% |
Key figures of QSL Immo, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to QSL Immo?
What happened at QSL Immo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emmanuel MEWISSEN stepped down as director. NBB
- ARDENT INVEST SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 514,211. filed late Source: NBB ↗
- Emmanuel MEWISSEN became a director. NBB
- ARDENT INVEST SA became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 369,458 loss in 2022 to € 514,211 loss in 2025.
Management
The stake of ARDENT HOME, ARKIA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QSL ImmoThe shares are held by ARDENT HOME (100%) and ARKIA (100%).
Directors
According to the 2025 annual accounts
Emmanuel MEWISSEN
Director
Also active at: FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, BELGRET, ARDENT HOME, IR-IMMO, SHOP BELGIUM IR, SHOPS BELGIUM 2 +7 more
since 2026 · until 2032
Managing director · represented by Nicolas LEONARD
Also active at: TILKIN SPORTS, FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, IMMO CIRCUS WALLONIE, GUILLEMINS REAL ESTATE, R-GROUP Holding, WE INVEST REAL ESTATE +32 more
since 2026 · until 2032
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Guillemins 139 box 9
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 75 companies are registered at this address.
All companies at this address →Marché couvert de Battice
€ 367,913 gross margin · 2025
Association Royale des Médecins diplômés de l'Université de Liège
TILKIN SPORTS same network
€ -19,715 gross margin · 2025
Immobilière européenne
€ 72,516 gross margin · 2025
GESTION LOISIRS
€ -9,609 gross margin · 2025
+70 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0693.844.265
- VAT number
- BE 0693.844.265
- Registered office
- Rue des Guillemins 139 bus 9, 4000 Liège
- Names & denominations
- QSL Immo
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 2018
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed
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