The easiest way to get a very quick figure is to take your rent for the year (12000), take away 75% of your mortgage interest for the year, take away about €100 a month for insurance, wear and tear etc for the year (probably conservative), calculate tax on the difference. Then add the tax back onto your (total) mortgage payments each year and you know your total outlay for the year. If that amount is less than 12000, then you are in profit. If it's greater than 12000, then you are making a loss.
Note, this is very general & doesn't take into account other expenses that you may have to pay and/or may be able to deduct, but takes into account the headline items.