IMMO - MODA
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 15-09-2026 at the NBB all 36 filings
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is a profit of €16,357, after a loss of €57,820 in 2025. It is the highest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Subsidies and aid
Flemish government
2025 · 1 entry · €2,420 awarded · €2,420 paid| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,431 | €11,011 | €10,662 | €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 | €21,294 | €21,364 | €21,609 | €21,635 | €22,465 | €21,132 | -€47,285 | €25,941 | - |
| Operating profit (loss)9901 | €7,212 | €7,753 | €8,257 | €7,935 | €8,669 | €9,386 | -€57,820 | €16,357 | - |
| Financial income75/76B | - | - | - | €24,830 | €25,707 | €26,606 | €25,843 | €22,611 | ▼ 12.5% |
| Recurring financial income75 | €23,865 | €24,713 | €24,999 | €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 | €29,939 | €29,420 | €26,723 | €26,351 | €27,161 | €28,431 | €26,674 | €20,434 | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | €1,138 | €3,047 | €6,532 | €6,414 | €7,214 | €7,561 | -€58,651 | €18,534 | - |
| Income taxes67/77 | €359 | €913 | €1,739 | €1,705 | €1,915 | €2,018 | €0 | - | - |
| Profit (loss) for the period9904 | €779 | €2,134 | €4,793 | €4,710 | €5,299 | €5,543 | -€58,651 | €18,534 | - |
| Profit (loss) for the period to be appropriated9905 | €779 | €2,134 | €4,793 | €4,710 | €5,299 | €5,543 | -€58,651 | €18,534 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €819,551 | €829,740 | €852,138 | €841,466 | €855,657 | €875,603 | €727,691 | €747,128 | ▲ 2.7% |
| Fixed assets21/28 | €112,275 | €101,264 | €117,081 | €106,086 | €95,089 | €86,420 | €79,312 | €72,402 | ▼ 8.7% |
| Tangible fixed assets22/27 | €112,275 | €101,264 | €117,081 | €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 | €707,276 | €728,476 | €735,057 | €735,380 | €760,568 | €789,183 | €648,379 | €674,726 | ▲ 4.1% |
| Amounts receivable within one year40/41 | €694,503 | €715,801 | €722,007 | €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 | €810 | €317 | €415 | €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 | €819,551 | €829,740 | €852,138 | €841,466 | €855,657 | €875,603 | €727,691 | €747,128 | ▲ 2.7% |
| Equity10/15 | €403,439 | €405,573 | €410,366 | €415,076 | €420,375 | €425,918 | €367,267 | €385,802 | ▲ 5.0% |
| Contributions10/11 | €154,933 | - | €154,933 | €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 | €248,506 | €250,640 | €255,433 | €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 | €416,112 | €424,167 | €441,772 | €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 | €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 | €109,327 | €117,382 | €134,735 | €119,367 | €128,228 | €137,454 | €200,158 | €200,977 | ▲ 0.4% |
| Trade debts44 | €189 | €210 | €219 | €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% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €779 | €2,134 | €4,793 | €4,710 | €5,299 | €5,543 | -€58,651 | €18,534 | - |
| + Depreciation and write-downs630 | €11,431 | €11,011 | €10,662 | €10,996 | €10,997 | €8,669 | €7,108 | €6,910 | ▼ 2.8% |
| Operating cash flow (approximation) | €12,209 | €13,145 | €15,455 | €15,705 | €16,296 | €14,212 | -€51,543 | €25,444 | - |
| Investment in fixed assets (approximation) | - | €0 | -€26,479 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€493 | €97 | €493 | -€518 | €2,008 | -€1,081 | €3,716 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as IMMO - MODA has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMMO - MODA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for IMMO - MODA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 15-09-2026 | 2026-00513125 | |
| 31-03-2025 | abbreviated format | 17-09-2025 | 2025-00493417 | |
| 31-03-2024 | abbreviated format | 12-09-2024 | 2024-00459918 | |
| 31-03-2023 | abbreviated format | 11-09-2023 | 2023-00444322 | |
| 31-03-2022 | abbreviated format | 06-09-2022 | 2022-20417027 | |
| 31-03-2021 | abbreviated format | 30-09-2021 | 2021-70100434 | |
| 31-03-2020 | abbreviated format | 29-10-2020 | 2020-65400072 | |
| 31-03-2019 | abbreviated format | 28-10-2019 | 2019-71600480 | |
| 31-03-2018 | abbreviated format | 27-09-2018 | 2018-67100432 | |
| 31-03-2017 | abbreviated format | 27-09-2017 | 2017-63100362 |