IMMO MODE
ActiveSummary
IMMO MODE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €72,711 and a net result of -€8,467. Equity is shrinking by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 14254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+3
Solvency41=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.04 in 2024; short-term debt: 56.6% and cash: 0.7% of total assets), and 84% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16%
Return on assets
-1.9%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€8,467
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
25 d early
2023
8 d early
2022
26 d early
2021
on the day
2020
24 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 23 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€72,711▼ 10.4%
2024 · €81,178
Total assets
€453,271▼ 7.9%
2024 · €492,198
Net result
-€8,467▼ 16.6%
2024 · -€7,262
Working capital
-€245,781▲ 1.4%
2024 · -€249,310
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,629▲ 8.3%-€3,983▲ 80.7%-€294▲ 92.6%-€467▼ 58.8%-€2,049▼ 339%
Net result-€24,504below the sector's middle half▲ 21.4%-€15,161below the sector's middle half▲ 38.1%-€6,850within the sector's middle half▲ 54.8%-€7,262within the sector's middle half▼ 6.0%-€8,467below the sector's middle half▼ 16.6%
Equity€110,450within the sector's middle half▼ 18.2%€95,290within the sector's middle half▼ 13.7%€88,440within the sector's middle half▼ 7.2%€81,178within the sector's middle half▼ 8.2%€72,711within the sector's middle half▼ 10.4%
Total assets€560,099within the sector's middle half▲ 5.1%€529,482within the sector's middle half▼ 5.5%€505,196within the sector's middle half▼ 4.6%€492,198within the sector's middle half▼ 2.6%€453,271within the sector's middle half▼ 7.9%
Debt€449,649▲ 13.0%€434,193▼ 3.4%€416,756▼ 4.0%€411,020▼ 1.4%€380,559▼ 7.4%
Working capital-€263,491below the sector's middle half▼ 30.1%-€258,460below the sector's middle half▲ 1.9%-€249,387below the sector's middle half▲ 3.5%-€249,310below the sector's middle half=-€245,781below the sector's middle half▲ 1.4%
Solvency19.7%within the sector's middle half▼ 5.6pp18.0%within the sector's middle half▼ 1.7pp17.5%within the sector's middle half▼ 0.5pp16.5%within the sector's middle half▼ 1.0pp16.0%within the sector's middle half▼ 0.5pp
Current ratio0.03below the sector's middle half▲ 0.030.05below the sector's middle half▲ 0.020.05below the sector's middle half▲ 0.010.04below the sector's middle half▼ 0.010.04below the sector's middle half=
Return on assets (ROA)-4.4%below the sector's middle half▲ 1.5pp-2.9%below the sector's middle half▲ 1.5pp-1.4%within the sector's middle half▲ 1.5pp-1.5%within the sector's middle half▼ 0.1pp-1.9%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,049 in 2025 against €467 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453,271
Fixed assets
€442,533 ▼ 8.0%
Current assets
€10,738 ▼ 5.1%
Equity and liabilities €453,271
Equity
€72,711 ▼ 10.4%
Debt
€380,559 ▼ 7.4%
Debt's share of the balance-sheet total rises from 83.5% to 84.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€36,298▲
2024 · €35,687
Cash flow
€29,880▲
2024 · €28,892
Debt to equity
5.23▲
2024 · 5.06
ROE
-11.6%▼
2024 · -8.9%
Interest coverage
5.66▲
2024 · 5.25
Debt ≤ 1 year
€256,519▼
2024 · €260,628
Debt > 1 year
€124,041▼
2024 · €150,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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%.
| 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 1,422 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,299 | €34,851 | €34,890 | €36,154 | €38,347 | ▲ 6.1% |
| Other operating charges640/8 | - | €6,379 | €6,530 | €6,860 | €7,125 | ▲ 3.9% |
| Gross operating margin9900 | €18,909 | €37,246 | €41,126 | €42,547 | €43,424 | ▲ 2.1% |
| Operating profit (loss)9901 | -€20,629 | -€3,983 | -€294 | -€467 | -€2,049 | ▼ 339% |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | €11,178 | €6,556 | €6,795 | €6,418 | ▼ 5.5% |
| Recurring financial charges65 | €3,876 | €11,178 | €6,556 | €6,795 | €6,418 | ▼ 5.5% |
| Profit (loss) for the period before taxes9903 | -€24,504 | -€15,161 | -€6,850 | -€7,262 | -€8,467 | ▼ 16.6% |
| Profit (loss) for the period9904 | -€24,504 | -€15,161 | -€6,850 | -€7,262 | -€8,467 | ▼ 16.6% |
| Profit (loss) for the period to be appropriated9905 | -€24,504 | -€15,161 | -€6,850 | -€7,262 | -€8,467 | ▼ 16.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €560,099 | €529,482 | €505,196 | €492,198 | €453,271 | ▼ 7.9% |
| Fixed assets21/28 | €551,666 | €516,815 | €490,822 | €480,880 | €442,533 | ▼ 8.0% |
| Tangible fixed assets22/27 | €551,666 | €516,815 | €490,822 | €480,880 | €442,533 | ▼ 8.0% |
| Land and buildings22 | - | €516,815 | €490,822 | €480,880 | €442,533 | ▼ 8.0% |
| Current assets29/58 | €8,433 | €12,667 | €14,374 | €11,318 | €10,738 | ▼ 5.1% |
| Cash at bank and in hand54/58 | €8,433 | €11,855 | €7,203 | €3,456 | €3,069 | ▼ 11.2% |
| Deferred charges and accrued income490/1 | - | €812 | €7,171 | €7,862 | €7,669 | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €560,099 | €529,482 | €505,196 | €492,198 | €453,271 | ▼ 7.9% |
| Equity10/15 | €110,450 | €95,290 | €88,440 | €81,178 | €72,711 | ▼ 10.4% |
| Contributions10/11 | - | €323,000 | €323,000 | €323,000 | €323,000 | = |
| Profit (loss) carried forward14 | -€212,550 | -€227,710 | -€234,560 | -€241,822 | -€250,289 | ▼ 3.5% |
| Amounts payable17/49 | €449,649 | €434,193 | €416,756 | €411,020 | €380,559 | ▼ 7.4% |
| Amounts payable after more than one year17 | €177,725 | €163,065 | €152,994 | €150,392 | €124,041 | ▼ 17.5% |
| Financial debts170/4 | - | €163,065 | €152,994 | €150,392 | €124,041 | ▼ 17.5% |
| Amounts payable within one year42/48 | €271,924 | €271,127 | €263,761 | €260,628 | €256,519 | ▼ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €18,275 | €18,967 | €23,360 | €26,351 | ▲ 12.8% |
| Trade debts44 | €583 | €1,669 | €2,712 | - | €600 | - |
| Suppliers440/4 | - | €1,669 | €2,712 | - | €600 | - |
| Other amounts payable47/48 | - | €251,183 | €242,083 | €237,268 | €229,568 | ▼ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,504 | -€15,161 | -€6,850 | -€7,262 | -€8,467 | ▼ 16.6% |
| + Depreciation and write-downs630 | €33,299 | €34,851 | €34,890 | €36,154 | €38,347 | ▲ 6.1% |
| Operating cash flow (approximation) | €8,795 | €19,690 | €28,040 | €28,892 | €29,880 | ▲ 3.4% |
| Investment in fixed assets (approximation) | - | €0 | -€8,896 | -€26,212 | €0 | ▲ 100% |
| Change in cash | - | €3,422 | -€4,652 | -€3,747 | -€387 | ▲ 89.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
NBB filing
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Andenne · 1 establishment unit since 2013
Ground area
571 m²
Building footprint
99 m²
Parcel 92410A0058/00D010, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMMO MODE
since 20132.223.606.521
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92410A0058/00D010 | Wallonia | 571 m² | 1 · 99 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BONVOLI
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DELSACO
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Crefi-Wavre
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Wavre · Eq €72,592
Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 3,830 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-2013
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537552917
Also
9925:BE0537552917
Registered
10-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.