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 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
76 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
QSL Immo from Liège, company number BE0693844265, closed financial year 2024 with a result of € -394,023 after tax. For that financial year QSL Immo recorded revenue of € 472,822 and equity of € -2.6 million. Compared with financial year 2023, the result moved from € -375,032 to € -394,023. 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 December 30, 2025.
€ -2.6 million
▼ € 394,023 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -394,023
▼ 5 % more loss than in 2023
Profit after tax over the fiscal year.
€ 6,315
▲ 13% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.8 million.
Debts at end 2024
€ 4.8 million
▼ 6% vs 2023
€ 306,362 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 133,681
▲ € 117,986 vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 454,632 | € 472,822 | ▲ 4% |
| Gross margin | € 189,446 | € 335,812 | € 304,201 | € 324,864 | ▲ 7% |
| Profit after taxes | € -516,279 | € -369,458 | € -375,032 | € -394,023 | ▼ € 18,992 |
| Equity | € -1,479,758 | € -1,849,216 | € -2,224,248 | € -2,618,271 | ▼ € 394,023 |
| Total debts | € 9,613,381 | € 9,498,203 | € 9,418,559 | € 9,345,096 | ▼ 1% |
| Cash | € 12,115 | € 3,421 | € 5,609 | € 6,315 | ▲ 13% |
| Land & buildings | € 8,104,981 | € 7,631,959 | € 7,158,937 | € 6,685,895 | ▼ 7% |
| Retained profit | € -1,679,758 | € -2,049,216 | € -2,424,248 | € -2,818,271 | ▼ € 394,023 |
| Bank debt | € 5,685,347 | € 5,397,317 | € 5,126,483 | € 4,808,313 | ▼ 6% |
| Balance sheet total | € 8,133,623 | € 7,648,987 | € 7,194,312 | € 6,726,825 | ▼ 6% |
Key figures of QSL Immo, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
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:
- New annual accounts for financial year 2024: loss of € 394,023. filed late Source: NBB ↗
- Nicolas LEONARD became a director. NBB
- MILE MANAGEMENT became a director. NBB
- GESTBEL became a director. NBB
- Ghislain Morel de Westgaver stepped down as director. NBB
- Cedric Jacquier de Rosée stepped down as director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 516,279 loss in 2021 to € 394,023 loss in 2024.
A new publication or filing at QSL Immo? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of ARKIA, ARDENT HOME comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
QSL ImmoBehind QSL Immo are Nicolas LEONARD, MILE MANAGEMENT and GESTBEL. The shares are held by ARKIA (100%) and ARDENT HOME (100%).
Directors
According to the 2024 annual accounts
Nicolas LEONARD
Managing director
Also active at: TILKIN SPORTS, GUILLEMINS REAL ESTATE, BELGIUM BEER EXPORT, HOTEL GUILLEMINS, ARDENT INVEST, BRASSERIE ARDENTE, DREAM ENERGY ARDENT, QDA IMMO
since 2024
Chairman of the board · represented by Emmanuel MEWISSEN
Also active at: TILKIN SPORTS, BODSON - TROUPIN - SERVICE, D.A. GESTION, PARC D'ATTRACTION LIEGEOIS, ARDENT BETTING, EGA IMMO, LIEGE OFFICE CENTER, HOTEL GUILLEMINS +20 more
since 2024
Managing director · represented by Jean-Marie LEONARD
Also active at: TILKIN SPORTS, GESTION LOISIRS, FABY, BODSON - TROUPIN - SERVICE, D.A. GESTION, SUNRISE, LEDCOM, GUILLEMINS REAL ESTATE +18 more
since 2024
· until 2024
Cedric Jacquier de Rosée
Director
· until 2024
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 76 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 same network
€ -18,480 gross margin · 2024
+71 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
Ontwikkeling van niet-residentiële bouwprojecten
Ontwikkeling van residentiële bouwprojecten