Immo Modest
ActiveSummary
Immo Modest has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,879 and a net result of €2,884. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 39% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-1
Solvency42▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.39 against 0.38 in 2024; short-term debt: 27% and cash: 1.5% of total assets), and 82.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.1%
Return on assets
0.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
81 d early
2024
38 d early
2023
16 d early
2022
32 d early
2021
4 d late
2020
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€100,879▲ 2.9%
2024 · €97,995
Total assets
€591,466▼ 3.0%
2024 · €609,614
Net result
€2,884▼ 45.6%
2024 · €5,298
Working capital
-€97,672▲ 2.0%
2024 · -€99,682
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€6,443€44,615▲ 592%€42,596▼ 4.5%€13,611▼ 68.0%€10,490▼ 22.9%
Net result€283within the sector's middle half€37,236above the sector's middle half▲ 13,074%€35,178above the sector's middle half▼ 5.5%€5,298within the sector's middle half▼ 84.9%€2,884within the sector's middle half▼ 45.6%
Equity€20,283within the sector's middle half▲ 36.5%€57,519within the sector's middle half▲ 184%€92,696within the sector's middle half▲ 61.2%€97,995within the sector's middle half▲ 5.7%€100,879within the sector's middle half▲ 2.9%
Total assets€563,552within the sector's middle half▲ 111%€685,199within the sector's middle half▲ 21.6%€646,143within the sector's middle half▼ 5.7%€609,614within the sector's middle half▼ 5.7%€591,466within the sector's middle half▼ 3.0%
Debt€543,269▲ 115%€627,680▲ 15.5%€553,447▼ 11.8%€511,619▼ 7.6%€490,587▼ 4.1%
Working capital-€136,938below the sector's middle half▼ 9.7%-€135,309below the sector's middle half▲ 1.2%-€103,986below the sector's middle half▲ 23.1%-€99,682below the sector's middle half▲ 4.1%-€97,672below the sector's middle half▲ 2.0%
Solvency3.6%below the sector's middle half▼ 2.0pp8.4%within the sector's middle half▲ 4.8pp14.3%within the sector's middle half▲ 6.0pp16.1%within the sector's middle half▲ 1.7pp17.1%within the sector's middle half▲ 1.0pp
Current ratio0.12below the sector's middle half▲ 0.100.40below the sector's middle half▲ 0.280.43within the sector's middle half▲ 0.030.38within the sector's middle half▼ 0.050.39within the sector's middle half▲ 0.01
Return on assets (ROA)0.1%within the sector's middle half▲ 2.0pp5.4%within the sector's middle half▲ 5.4pp5.4%within the sector's middle half=0.9%within the sector's middle half▼ 4.6pp0.5%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 has fallen three years in a row; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €591,466
Fixed assets
€529,222 ▼ 3.6%
Current assets
€62,244 ▲ 3.1%
Equity and liabilities €591,466
Equity
€100,879 ▲ 2.9%
Debt
€490,587 ▼ 4.1%
Debt's share of the balance-sheet total falls from 83.9% to 82.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,497▼
2024 · €33,128
Cash flow
€22,891▼
2024 · €24,815
Debt to equity
4.86▼
2024 · 5.22
ROE
2.9%▼
2024 · 5.4%
Interest coverage
4.59▼
2024 · 4.72
Debt ≤ 1 year
€159,915▼
2024 · €160,066
Debt > 1 year
€330,672▼
2024 · €351,553
Income taxes
€961▼
2024 · €1,292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
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 0.6% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,372 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 | - | €19,992 | €19,906 | €19,517 | €20,007 | ▲ 2.5% |
| Other operating charges640/8 | €1,461 | €119 | €2,810 | €451 | €2,629 | ▲ 483% |
| Gross operating margin9900 | €7,903 | €64,726 | €65,313 | €33,579 | €33,126 | ▼ 1.3% |
| Operating profit (loss)9901 | €6,443 | €44,615 | €42,596 | €13,611 | €10,490 | ▼ 22.9% |
| Financial income75/76B | €47 | €175 | €0 | - | - | - |
| Recurring financial income75 | €47 | €175 | €0 | - | - | - |
| Financial charges65/66B | €6,136 | €7,555 | €7,419 | €7,021 | €6,645 | ▼ 5.4% |
| Recurring financial charges65 | €6,136 | €7,555 | €7,419 | €7,021 | €6,645 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €353 | €37,236 | €35,178 | €6,590 | €3,845 | ▼ 41.6% |
| Income taxes67/77 | €71 | €0 | - | €1,292 | €961 | ▼ 25.6% |
| Profit (loss) for the period9904 | €283 | €37,236 | €35,178 | €5,298 | €2,884 | ▼ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €283 | €37,236 | €35,178 | €5,298 | €2,884 | ▼ 45.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €563,552 | €685,199 | €646,143 | €609,614 | €591,466 | ▼ 3.0% |
| Fixed assets21/28 | €545,433 | €595,308 | €568,746 | €549,229 | €529,222 | ▼ 3.6% |
| Tangible fixed assets22/27 | €545,433 | €595,308 | €568,746 | €549,229 | €529,222 | ▼ 3.6% |
| Land and buildings22 | €208,506 | €595,308 | €568,746 | €549,229 | €529,222 | ▼ 3.6% |
| Assets under construction and advance payments27 | €336,927 | €0 | - | - | - | - |
| Current assets29/58 | €18,119 | €89,891 | €77,396 | €60,384 | €62,244 | ▲ 3.1% |
| Amounts receivable within one year40/41 | €18,107 | €85,358 | €73,294 | €52,576 | €52,907 | ▲ 0.6% |
| Trade receivables40 | €15,000 | €10,369 | €0 | - | - | - |
| Other amounts receivable41 | €3,107 | €74,989 | €73,294 | €52,576 | €52,907 | ▲ 0.6% |
| Cash at bank and in hand54/58 | €12 | €4,270 | €3,888 | €7,545 | €9,074 | ▲ 20.3% |
| Deferred charges and accrued income490/1 | - | €263 | €214 | €263 | €263 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €563,552 | €685,199 | €646,143 | €609,614 | €591,466 | ▼ 3.0% |
| Equity10/15 | €20,283 | €57,519 | €92,696 | €97,995 | €100,879 | ▲ 2.9% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €283 | €37,519 | €72,696 | €77,995 | €80,879 | ▲ 3.7% |
| Distributable reserves133 | €283 | €37,519 | €72,696 | €77,995 | €80,879 | ▲ 3.7% |
| Amounts payable17/49 | €543,269 | €627,680 | €553,447 | €511,619 | €490,587 | ▼ 4.1% |
| Amounts payable after more than one year17 | €387,932 | €392,212 | €372,064 | €351,553 | €330,672 | ▼ 5.9% |
| Financial debts170/4 | €387,932 | €392,212 | €372,064 | €351,553 | €330,672 | ▼ 5.9% |
| Amounts payable within one year42/48 | €155,057 | €225,200 | €181,382 | €160,066 | €159,915 | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | - | €19,790 | €20,147 | €20,511 | €20,881 | ▲ 1.8% |
| Trade debts44 | €8,393 | €36,192 | €136 | €520 | €0 | ▼ 100% |
| Suppliers440/4 | €8,393 | €36,192 | €136 | €520 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €71 | €12,482 | €4,364 | €1,800 | €1,799 | = |
| Taxes450/3 | €71 | €12,482 | €4,364 | €1,800 | €1,799 | = |
| Other amounts payable47/48 | €146,593 | €156,735 | €156,735 | €137,235 | €137,235 | = |
| Accrued charges and deferred income492/3 | €281 | €10,269 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €283 | €37,236 | €35,178 | €5,298 | €2,884 | ▼ 45.6% |
| + Depreciation and write-downs630 | - | €19,992 | €19,906 | €19,517 | €20,007 | ▲ 2.5% |
| Operating cash flow (approximation) | €283 | €57,228 | €55,083 | €24,815 | €22,891 | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | -€69,867 | €6,656 | €0 | €0 | - |
| Change in cash | - | €4,258 | -€383 | €3,657 | €1,529 | ▼ 58.2% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100,000Eq €100,879 ▲2.9%
5 profitable years in a row build equity to €100,879.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2020net €37,236 ▲13,074%
Operating result €44,615, net result €37,236, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Back to profitnet €283
Net result €283 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Oudsbergen · 1 establishment unit since 2020
Ground area
4,761 m²
Building footprint
257 m²
Parcel 71047A0782/00G002, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Immo Modest
since 20202.299.858.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71047A0782/00G002 | Flanders | 4,761 m² | 1 · 257 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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IMMOBILIERE BARADI
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VEDECO
BE 0434.618.297
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C-PLOEG
BE 0682.767.063
Waregem · Eq €100,533
Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 4,185 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
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0743833018
Also
9925:BE0743833018
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.