IMMO MODES
ActiveSummary
IMMO MODES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€276,839) and a net result of -€16,442. Equity is shrinking by ~7.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 414.8% and cash: 0.1% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-315.1%
Return on assets
-18.7%
Age of the figures
9 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€276,839
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
29 d late
2022
29 d late
2021
31 d late
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 38 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€276,839▼ 6.3%
2024 · -€260,397
Total assets
€87,858▼ 10.5%
2024 · €98,200
Net result
-€16,442▼ 0.5%
2024 · -€16,357
Working capital
-€361,794▼ 1.8%
2024 · -€355,485
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
Line20212022202320242025
Operating result-€13,109▲ 20.8%-€17,097▼ 30.4%-€15,680▲ 8.3%-€16,327▼ 4.1%-€16,412▼ 0.5%
Net result-€13,149▲ 20.7%-€17,175▼ 30.6%-€15,728▲ 8.4%-€16,357▼ 4.0%-€16,442▼ 0.5%
Equity-€211,137▼ 6.6%-€228,312▼ 8.1%-€244,040▼ 6.9%-€260,397▼ 6.7%-€276,839▼ 6.3%
Total assets€126,152▼ 11.8%€117,618▼ 6.8%€110,123▼ 6.4%€98,200▼ 10.8%€87,858▼ 10.5%
Debt€337,288▼ 1.1%€345,930▲ 2.6%€354,163▲ 2.4%€358,597▲ 1.3%€364,697▲ 1.7%
Working capital-€334,976▼ 1.0%-€342,567▼ 2.3%-€348,712▼ 1.8%-€355,485▼ 1.9%-€361,794▼ 1.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,412 in 2025 against €16,327 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,858
Fixed assets
€85,205 ▼ 10.6%
Current assets
€2,653 ▼ 7.3%
Key figures and ratios
EBITDA
-€6,279▲
2024 · -€6,744
Cash flow
-€6,309▲
2024 · -€6,774
Solvency
-315.1%▼
2024 · -265.2%
Current ratio
0.01▼
2024 · 0.01
Debt to equity
-1.32▲
2024 · -1.38
ROA
-18.7%▼
2024 · -16.7%
Interest coverage
-209.29▲
2024 · -224.79
Debt ≤ 1 year
€364,447▲
2024 · €358,347
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 6,639 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 | €10,183 | €9,584 | €9,584 | €9,584 | €10,133 | ▲ 5.7% |
| Other operating charges640/8 | €4,865 | €5,088 | €5,410 | €5,602 | €5,910 | ▲ 5.5% |
| Gross operating margin9900 | €1,940 | -€2,425 | -€687 | -€1,142 | -€369 | ▲ 67.7% |
| Operating profit (loss)9901 | -€13,109 | -€17,097 | -€15,680 | -€16,327 | -€16,412 | ▼ 0.5% |
| Financial charges65/66B | €40 | €78 | €48 | €30 | €30 | = |
| Recurring financial charges65 | €40 | €78 | €48 | €30 | €30 | = |
| Profit (loss) for the period before taxes9903 | -€13,149 | -€17,175 | -€15,728 | -€16,357 | -€16,442 | ▼ 0.5% |
| Profit (loss) for the period9904 | -€13,149 | -€17,175 | -€15,728 | -€16,357 | -€16,442 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | -€13,149 | -€17,175 | -€15,728 | -€16,357 | -€16,442 | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126,152 | €117,618 | €110,123 | €98,200 | €87,858 | ▼ 10.5% |
| Fixed assets21/28 | €124,089 | €114,506 | €104,922 | €95,338 | €85,205 | ▼ 10.6% |
| Tangible fixed assets22/27 | €124,089 | €114,506 | €104,922 | €95,338 | €85,205 | ▼ 10.6% |
| Land and buildings22 | €102,629 | €97,682 | €92,735 | €87,787 | €74,294 | ▼ 15.4% |
| Plant, machinery and equipment23 | €21,460 | €16,824 | €12,187 | €7,551 | €10,910 | ▲ 44.5% |
| Current assets29/58 | €2,062 | €3,113 | €5,201 | €2,862 | €2,653 | ▼ 7.3% |
| Cash at bank and in hand54/58 | €395 | €729 | €2,810 | €379 | €107 | ▼ 71.8% |
| Deferred charges and accrued income490/1 | €1,668 | €2,384 | €2,392 | €2,483 | €2,546 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126,152 | €117,618 | €110,123 | €98,200 | €87,858 | ▼ 10.5% |
| Equity10/15 | -€211,137 | -€228,312 | -€244,040 | -€260,397 | -€276,839 | ▼ 6.3% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Profit (loss) carried forward14 | -€273,110 | -€290,285 | -€306,013 | -€322,370 | -€338,813 | ▼ 5.1% |
| Amounts payable17/49 | €337,288 | €345,930 | €354,163 | €358,597 | €364,697 | ▲ 1.7% |
| Amounts payable within one year42/48 | €337,038 | €345,680 | €353,913 | €358,347 | €364,447 | ▲ 1.7% |
| Trade debts44 | €101 | €914 | €1,514 | €2,255 | €957 | ▼ 57.6% |
| Suppliers440/4 | €101 | €914 | €1,514 | €2,255 | €957 | ▼ 57.6% |
| Other amounts payable47/48 | €336,937 | €344,766 | €352,399 | €356,092 | €363,490 | ▲ 2.1% |
| Accrued charges and deferred income492/3 | €250 | €250 | €250 | €250 | €250 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,149 | -€17,175 | -€15,728 | -€16,357 | -€16,442 | ▼ 0.5% |
| + Depreciation and write-downs630 | €10,183 | €9,584 | €9,584 | €9,584 | €10,133 | ▲ 5.7% |
| Operating cash flow (approximation) | -€2,965 | -€7,591 | -€6,144 | -€6,774 | -€6,309 | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €334 | €2,081 | -€2,431 | -€272 | ▲ 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.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
NBB filing
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.
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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, Ronse · 1 establishment unit since 1998
Ground area
886 m²
Building footprint
766 m²
Volume, LiDAR
4,131 m³
Parcel 45041B0160/00P003, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Oudestraat 109, 9600 Ronse
since 19982.088.397.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B0160/00P003 | Flanders | 886 m² | 1 · 766 m² | 7.5 m · 2 fl. |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded31-08-1998
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464049582
Also
9925:BE0464049582
Registered
04-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.