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IMMO-DENDRE

Active
Public limited companyfounded 199531 yrs activeLieutenant Cottonstraat 15, 7880 Flobecq, BelgiumKBO/BCE: BE 0455.932.563
Summary

IMMO-DENDRE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,979 and a net result of €26,263. Equity is growing by ~3.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+19
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 7.02 against 0.81 in 2023; short-term debt: 4.8% and cash: 24.5% of total assets), and 4.8% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
40 d early
2023
45 d early
2022
39 d early
2021
1 d early
2020
26 d early
2019
31 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 September 1995, IMMO-DENDRE was incorporated.1 Total assets went from EUR 191,988 in 2018 to EUR 99,808 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€94,979▲ 38.2%
2023 · €68,717
Total assets
€99,808▼ 18.4%
2023 · €122,321
Net result
€26,263▼ 42.9%
2023 · €46,004
Working capital
€29,067
2023 · -€9,988
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€53,256€40,843▼ 23.3%€56,985▲ 39.5%€60,155▲ 5.6%€35,167▼ 41.5%
Net result€38,190▲ 1,117%€30,124▼ 21.1%€42,362▲ 40.6%€46,004▲ 8.6%€26,263▼ 42.9%
Equity€142,027▲ 36.8%€172,151▲ 21.2%€214,513▲ 24.6%€68,717▼ 68.0%€94,979▲ 38.2%
Total assets€155,018▼ 17.7%€193,565▲ 24.9%€352,381▲ 82.0%€122,321▼ 65.3%€99,808▼ 18.4%
Debt€12,991▼ 84.6%€21,414▲ 64.8%€137,868▲ 544%€53,605▼ 61.1%€4,829▼ 91.0%
Working capital€24,610▼ 1.8%€67,832▲ 176%€122,393▲ 80.4%-€9,988€29,067
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2020: €53,256€53,256Net result 2020: €38,190€38,190Operating result 2021: €40,843€40,843Net result 2021: €30,124€30,124Operating result 2022: €56,985€56,985Net result 2022: €42,362€42,362Operating result 2023: €60,155€60,155Net result 2023: €46,004€46,004Operating result 2024: €35,167€35,167Net result 2024: €26,263€26,26320202021202220232024€0€20,000€40,000€60,000Operating result 2022: €56,985€57,000Net result 2022: €42,362€42,400Operating result 2023: €60,155€60,200Net result 2023: €46,004€46,000Operating result 2024: €35,167€35,200Net result 2024: €26,263€26,300202220232024
The operating result falls in 2024; 2024 is 42% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99,808
Fixed assets €65,912 ▼ 16.6%
Current assets €33,896 ▼ 21.7%
Equity and liabilities €99,808
Equity €94,979 ▲ 38.2%
Debt €4,829 ▼ 91.0%
Debt's share of the balance-sheet total falls from 43.8% to 4.8%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€48,271▼
2023 · €73,259
Cash flow
€39,367▼
2023 · €59,107
Current ratio
7.02▲
2023 · 0.81
Debt to equity
0.05▼
2023 · 0.78
ROE
27.7%▼
2023 · 66.9%
ROA
26.3%▼
2023 · 37.6%
Interest coverage
321.81▼
2023 · 488.39
Debt ≤ 1 year
€4,829▼
2023 · €53,294
Income taxes
€8,754▼
2023 · €15,335
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet Code20232024
Assets
Total assets20/58€122,321€99,808▼
Fixed assets21/28€79,016€65,912▼
Tangible fixed assets22/27€79,016€65,912▼
Land and buildings22€79,016€65,912▼
Current assets29/58€43,305€33,896▼
Amounts receivable within one year40/41€4,511€7,874▲
Trade receivables40€4,511€5,829▲
Other amounts receivable41-€2,046
Cash at bank and in hand54/58€35,056€24,471▼
Deferred charges and accrued income490/1€3,738€1,551▼
Equity and liabilities
Total equity and liabilities10/49€122,321€99,808▼
Equity10/15€68,717€94,979▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Profit (loss) carried forward14€1,067€27,329▲
Amounts payable17/49€53,605€4,829▼
Amounts payable within one year42/48€53,294€4,829▼
Trade debts44€1,387€3,394▲
Suppliers440/4€1,387€3,394▲
Taxes, remuneration and social security45€6,907€1,435▼
Taxes450/3€6,907€1,435▼
Other amounts payable47/48€45,000-
Accrued charges and deferred income492/3€311-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,104€13,104=
Other operating charges640/8€3,448€3,523▲
Gross operating margin9900€76,707€51,794▼
Operating profit (loss)9901€60,155€35,167▼
Financial income75/76B€1,333-
Recurring financial income75€1,333-
Financial charges65/66B€150€150=
Recurring financial charges65€150€150=
Profit (loss) for the period before taxes9903€61,338€35,017▼
Income taxes67/77€15,335€8,754▼
Profit (loss) for the period9904€46,004€26,263▼
Profit (loss) for the period to be appropriated9905€46,004€26,263▼
Appropriation of the result
Profit (loss) to be appropriated9906€160,467€27,329▼
Profit (loss) brought forward from the previous period14P€114,463€1,067▼
Transfer from equity791/2€32,400-
Profit to be distributed694/7€191,800-
Return on contributions (dividend)694€191,800-

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,622€13,104€13,104€13,104€13,104=
Other operating charges640/8-€3,513€3,612€3,448€3,523▲ 2.2%
Gross operating margin9900€78,822€57,460€73,701€76,707€51,794▼ 32.5%
Operating profit (loss)9901€53,256€40,843€56,985€60,155€35,167▼ 41.5%
Financial income75/76B---€1,333--
Recurring financial income75€168--€1,333--
Financial charges65/66B-€143€150€150€150=
Recurring financial charges65€1,649€143€150€150€150=
Profit (loss) for the period before taxes9903€51,775€40,701€56,835€61,338€35,017▼ 42.9%
Income taxes67/77€13,585€10,577€14,472€15,335€8,754▼ 42.9%
Profit (loss) for the period9904€38,190€30,124€42,362€46,004€26,263▼ 42.9%
Profit (loss) for the period to be appropriated9905€38,190€30,124€42,362€46,004€26,263▼ 42.9%
Line20202021202220232024Change
Assets
Total assets20/58€155,018€193,565€352,381€122,321€99,808▼ 18.4%
Fixed assets21/28€118,327€105,223€92,120€79,016€65,912▼ 16.6%
Tangible fixed assets22/27€118,327€105,223€92,120€79,016€65,912▼ 16.6%
Land and buildings22-€105,223€92,120€79,016€65,912▼ 16.6%
Current assets29/58€36,691€88,341€260,261€43,305€33,896▼ 21.7%
Amounts receivable within one year40/41€14,980€1,633€52,255€4,511€7,874▲ 74.5%
Trade receivables40-€1,633€2,255€4,511€5,829▲ 29.2%
Other amounts receivable41--€50,000-€2,046-
Cash at bank and in hand54/58€19,591€84,486€129,738€35,056€24,471▼ 30.2%
Deferred charges and accrued income490/1-€2,223€78,269€3,738€1,551▼ 58.5%
Equity and liabilities
Total equity and liabilities10/49€155,018€193,565€352,381€122,321€99,808▼ 18.4%
Equity10/15€142,027€172,151€214,513€68,717€94,979▲ 38.2%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13€38,550€38,550€38,550€6,150€6,150=
Non-distributable reserves130/1-€6,150€6,150€6,150€6,150=
Legal reserve130-€6,150€6,150€6,150€6,150=
Distributable reserves133-€32,400€32,400---
Profit (loss) carried forward14€41,977€72,101€114,463€1,067€27,329▲ 2,463%
Amounts payable17/49€12,991€21,414€137,868€53,605€4,829▼ 91.0%
Amounts payable within one year42/48€12,080€20,509€137,868€53,294€4,829▼ 90.9%
Trade debts44€1,495€2,847€997€1,387€3,394▲ 145%
Suppliers440/4-€2,847€997€1,387€3,394▲ 145%
Taxes, remuneration and social security45-€17,662€12,549€6,907€1,435▼ 79.2%
Taxes450/3-€17,662€12,549€6,907€1,435▼ 79.2%
Other amounts payable47/48--€124,322€45,000--
Accrued charges and deferred income492/3-€905-€311--
Line20202021202220232024Change
Profit (loss) for the period9904€38,190€30,124€42,362€46,004€26,263▼ 42.9%
+ Depreciation and write-downs630€12,622€13,104€13,104€13,104€13,104=
Operating cash flow (approximation)€50,812€43,227€55,466€59,107€39,367▼ 33.4%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€64,894€45,252-€94,682-€10,585▲ 88.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
21-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Liquidity times 9current ratio 7.02
Current ratio from 0.81 to 7.02; short-term debt falls from €53,294 to €4,829.
16-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Highest result since 2018net €46,004 ▲8.6%
Operating result €60,155, net result €46,004, both a record.
22-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Equity above €200,000Eq €214,513 ▲24.6%
5 profitable years in a row build equity to €214,513.
30-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Equity above €150,000Eq €172,151 ▲21.2%
4 profitable years in a row build equity to €172,151.
05-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial Liquidity doublescurrent ratio 3.04
Current ratio from 1.30 to 3.04; short-term debt falls from €84,414 to €12,080.
30-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
14-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
18-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
23-05
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 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Flobecq · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
3,087 m²
Building footprint
569 m²
Volume, LiDAR
5,285 m³
2 parcels, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
15 companies at this address See who is registered here
1 establishment unit
Place du Parc 2, 7000 Mons
Insurance, reinsurance and pension funding, except compulsory social security
since 19952.073.715.290
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
51019F0943/00R000 Wallonia 2,963 m² 1 · 444 m² 11.6 m · 3 fl.
53403F0347/00C000
ProtectedSite or landscape
Wallonia 123 m² 1 · 126 m² 12.2 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. ENTREPRISES GENERALES DHERTE 100%
  2. IMMODER 100%
  3. IMMO-DENDRE

Highest known parent: ENTREPRISES GENERALES DHERTE. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded06-09-1995
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0455932563
Also 9925:BE0455932563
Registered 27-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.