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IMMO - MODA

Active
Public limited companyfounded 198936 yrs activeSint-Jansvest 26A, 9000 Gent, BelgiumKBO/BCE: BE 0439.622.311
Summary

IMMO - MODA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €385,802 and a net result of €18,534. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2026
Axes · tick = 2025
Profitability31▲+22
Solvency77▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 3.36 against 3.24 in 2025; short-term debt: 26.9% and cash: 0.7% of total assets), and 48.4% 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 36 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026
Solvency, return and age of the figures
Solvency
51.6%
Return on assets
2.5%
Age of the figures
6 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-09-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
46 d early
2025
44 d early
2024
49 d early
2023
50 d early
2022
55 d early
2021
31 d early
2020
2 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 40 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
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

IMMO - MODA was incorporated on 21 December 1989.1 Total assets went from EUR 819,551 in 2019 to EUR 747,128 in 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2026

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Financials · fiscal year 2026, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€18,534
2025 · -€58,651
Working capital
€473,749▲ 5.7%
2025 · €448,222
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
Line20222023202420252026
Operating result€7,935▼ 3.9%€8,669▲ 9.2%€9,386▲ 8.3%-€57,820€16,357
Net result€4,710▼ 1.7%€5,299▲ 12.5%€5,543▲ 4.6%-€58,651€18,534
Equity€415,076▲ 1.1%€420,375▲ 1.3%€425,918▲ 1.3%€367,267▼ 13.8%€385,802▲ 5.0%
Total assets€841,466▼ 1.3%€855,657▲ 1.7%€875,603▲ 2.3%€727,691▼ 16.9%€747,128▲ 2.7%
Debt€426,390▼ 3.5%€435,282▲ 2.1%€449,684▲ 3.3%€360,424▼ 19.8%€361,327▲ 0.3%
Working capital€616,013▲ 2.6%€632,341▲ 2.7%€651,728▲ 3.1%€448,222▼ 31.2%€473,749▲ 5.7%
Result per fiscal year
Operating resultNet result
-€60,000-€40,000-€20,000€0€20,000Operating result 2022: €7,935€7,935Net result 2022: €4,710€4,710Operating result 2023: €8,669€8,669Net result 2023: €5,299€5,299Operating result 2024: €9,386€9,386Net result 2024: €5,543€5,543Operating result 2025: -€57,820-€57,820Net result 2025: -€58,651-€58,651Operating result 2026: €16,357€16,357Net result 2026: €18,534€18,53420222023202420252026-€60,000-€40,000-€20,000€0€20,000Operating result 2024: €9,386€9,390Net result 2024: €5,543€5,540Operating result 2025: -€57,820-€57,800Net result 2025: -€58,651-€58,700Operating result 2026: €16,357€16,400Net result 2026: €18,534€18,500202420252026
The operating result returns to profit in 2026: €16,357 after a loss of €57,820 in 2025, the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €747,128
Fixed assets €72,402 ▼ 8.7%
Current assets €674,726 ▲ 4.1%
Equity and liabilities €747,128
Equity €385,802 ▲ 5.0%
Debt €361,327 ▲ 0.3%
Debt's share of the balance-sheet total falls from 49.5% to 48.4%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€23,266▲
2025 · -€50,712
Cash flow
€25,444▲
2025 · -€51,543
Current ratio
3.36▲
2025 · 3.24
Debt to equity
0.94▼
2025 · 0.98
ROE
4.8%▲
2025 · -16.0%
ROA
2.5%▲
2025 · -8.1%
Interest coverage
1.14▲
2025 · -1.90
Debt ≤ 1 year
€200,977▲
2025 · €200,158
Debt > 1 year
€150,000=
2025 · €150,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

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

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

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 14,733 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 · 2026 against 2025 · 45 lines
Balance sheet Code20252026
Assets
Total assets20/58€727,691€747,128▲
Fixed assets21/28€79,312€72,402▼
Tangible fixed assets22/27€79,312€72,402▼
Land and buildings22€65,738€61,477▼
Plant, machinery and equipment23€13,574€10,926▼
Current assets29/58€648,379€674,726▲
Amounts receivable within one year40/41€634,317€657,728▲
Other amounts receivable41€634,317€657,728▲
Cash at bank and in hand54/58€1,317€5,032▲
Deferred charges and accrued income490/1€12,746€11,966▼
Equity and liabilities
Total equity and liabilities10/49€727,691€747,128▲
Equity10/15€367,267€385,802▲
Contributions10/11€154,933€154,933=
Capital10€154,933€154,933=
Issued capital100€154,933€154,933=
Reserves13€212,334€230,868▲
Non-distributable reserves130/1€15,493€15,493=
Legal reserve130€15,493€15,493=
Distributable reserves133€196,841€215,375▲
Amounts payable17/49€360,424€361,327▲
Amounts payable after more than one year17€150,000€150,000=
Financial debts170/4€150,000€150,000=
Amounts payable within one year42/48€200,158€200,977▲
Trade debts44€1,163€230▼
Suppliers440/4€1,163€230▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€198,995€200,748▲
Accrued charges and deferred income492/3€10,266€10,350▲
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,108€6,910▼
Other operating charges640/8€3,427€2,675▼
Gross operating margin9900-€47,285€25,941▲
Operating profit (loss)9901-€57,820€16,357▲
Financial income75/76B€25,843€22,611▼
Recurring financial income75€25,843€22,611▼
Financial charges65/66B€26,674€20,434▼
Recurring financial charges65€26,674€20,434▼
Profit (loss) for the period before taxes9903-€58,651€18,534▲
Income taxes67/77€0-
Profit (loss) for the period9904-€58,651€18,534▲
Profit (loss) for the period to be appropriated9905-€58,651€18,534▲
Appropriation of the result
Profit (loss) to be appropriated9906-€58,651€18,534▲
Transfer from equity791/2€58,651€0▼
Transfer to equity691/2€0€18,534▲
To other reserves6921€0€18,534▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,996€10,997€8,669€7,108€6,910▼ 2.8%
Other operating charges640/8€2,704€2,799€3,077€3,427€2,675▼ 21.9%
Gross operating margin9900€21,635€22,465€21,132-€47,285€25,941▲ 155%
Operating profit (loss)9901€7,935€8,669€9,386-€57,820€16,357▲ 128%
Financial income75/76B€24,830€25,707€26,606€25,843€22,611▼ 12.5%
Recurring financial income75€24,830€25,707€26,606€25,843€22,611▼ 12.5%
Financial charges65/66B€26,351€27,161€28,431€26,674€20,434▼ 23.4%
Recurring financial charges65€26,351€27,161€28,431€26,674€20,434▼ 23.4%
Profit (loss) for the period before taxes9903€6,414€7,214€7,561-€58,651€18,534▲ 132%
Income taxes67/77€1,705€1,915€2,018€0--
Profit (loss) for the period9904€4,710€5,299€5,543-€58,651€18,534▲ 132%
Profit (loss) for the period to be appropriated9905€4,710€5,299€5,543-€58,651€18,534▲ 132%
Line20222023202420252026Change
Assets
Total assets20/58€841,466€855,657€875,603€727,691€747,128▲ 2.7%
Fixed assets21/28€106,086€95,089€86,420€79,312€72,402▼ 8.7%
Tangible fixed assets22/27€106,086€95,089€86,420€79,312€72,402▼ 8.7%
Land and buildings22€84,569€76,220€70,199€65,738€61,477▼ 6.5%
Plant, machinery and equipment23€21,517€18,869€16,221€13,574€10,926▼ 19.5%
Current assets29/58€735,380€760,568€789,183€648,379€674,726▲ 4.1%
Amounts receivable within one year40/41€721,840€747,104€773,253€634,317€657,728▲ 3.7%
Other amounts receivable41€721,840€747,104€773,253€634,317€657,728▲ 3.7%
Cash at bank and in hand54/58€908€390€2,398€1,317€5,032▲ 282%
Deferred charges and accrued income490/1€12,632€13,074€13,532€12,746€11,966▼ 6.1%
Equity and liabilities
Total equity and liabilities10/49€841,466€855,657€875,603€727,691€747,128▲ 2.7%
Equity10/15€415,076€420,375€425,918€367,267€385,802▲ 5.0%
Contributions10/11€154,933€154,933€154,933€154,933€154,933=
Capital10€154,933€154,933€154,933€154,933€154,933=
Issued capital100€154,933€154,933€154,933€154,933€154,933=
Reserves13€260,142€265,442€270,985€212,334€230,868▲ 8.7%
Non-distributable reserves130/1€15,493€15,493€15,493€15,493€15,493=
Legal reserve130€15,493€15,493€15,493€15,493€15,493=
Distributable reserves133€244,649€249,948€255,492€196,841€215,375▲ 9.4%
Amounts payable17/49€426,390€435,282€449,684€360,424€361,327▲ 0.3%
Amounts payable after more than one year17€300,000€300,000€300,000€150,000€150,000=
Financial debts170/4€300,000€300,000€300,000€150,000€150,000=
Amounts payable within one year42/48€119,367€128,228€137,454€200,158€200,977▲ 0.4%
Trade debts44€240€235€242€1,163€230▼ 80.3%
Suppliers440/4€240€235€242€1,163€230▼ 80.3%
Taxes, remuneration and social security45€2,727€3,114€2,018€0--
Taxes450/3€2,727€3,114€2,018€0--
Other amounts payable47/48€116,400€124,878€135,195€198,995€200,748▲ 0.9%
Accrued charges and deferred income492/3€7,023€7,054€12,230€10,266€10,350▲ 0.8%
Line20222023202420252026Change
Profit (loss) for the period9904€4,710€5,299€5,543-€58,651€18,534▲ 132%
+ Depreciation and write-downs630€10,996€10,997€8,669€7,108€6,910▼ 2.8%
Operating cash flow (approximation)€15,705€16,296€14,212-€51,543€25,444▲ 149%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€518€2,008-€1,081€3,716▲ 444%

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

Next filing, fiscal year 2027, expected by 31-10-2027
2026
15-09
NBB filing Annual accounts filed
fiscal year 2026 · full schema
31-03
Financial Back to profitnet €18,534
Net result €18,534 after one loss-making year.
2025
17-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial Weakest financial yearnet -€58,651
Net result drops to -€58,651, the lowest in the series; recovery starts the following year.
2024
12-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
11-09
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
06-09
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
30-09
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-10
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
27-09
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
27-09
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Gent · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
413 m²
Building footprint
337 m²
Volume, LiDAR
3,947 m³
2 parcels, Flanders · tallest building 16.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IMMO-MODA
Sint-Jansvest 26 A, 9000 GentNACE 70201
since 19902.049.438.566
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44803C0753/00M000 Flanders 227 m² 1 · 213 m² 12.3 m · 4 fl.
44803C0753/00L000 Flanders 186 m² 1 · 124 m² 15.9 m · 5 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. FINROE 99.98%
  2. IMMO - MODA

Highest known parent: FINROE. 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid
Year Entries awardedpaid
2025 1 2,420 EUR2,420 EUR
Schemes
1 entry · 2,420 EUR · 2,420 EUR paid · Vlaams Energie- en Klimaatagentschap

Identification & contact

Identification
Legal formPublic limited company
Founded21-12-1989
Fiscal year end31-03
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

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

General meetings

1 convocation
Ordinary general meeting
on 06-09-2008 at 10u · at the registered office · published 08-08-2008
1. Verslag raad van bestuur. 2. Goedkeuring jaarrekening per 31 maart 2008. 3. Bestemming resultaat. 4. Kwijting bestuurders. 5. Allerlei.