IMMODA
ActiveSummary
The computed 12-month bankruptcy probability of IMMODA is 3.0% (moderate). The 2025 annual accounts show negative equity (-€333,530) and a net result of -€84,477. Equity is shrinking by about 4.9% per year across the filed financial years. The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€333,530
- Loss
- -€84,477
Why 48raises riskLoss of €84,477 (financial year 2025)Negative equity -€333,530Liquidity: current ratio 0.56, cash €0, halvedlowers riskSize: total assets €733,985Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 6% on liquidity, 10% on profitability and 12% on growth.
The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€84,477
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €62,705 after €28,938 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 84.5% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.0% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 678 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €614 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,277 | €35,750 | €34,871 | €34,871 | €16,382 | €15,289 | €14,960 | €14,960 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €18,206 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €9,724 | €9,961 | €13,679 | €12,451 | €14,080 | ▲ 13.1% |
| Non-recurring operating charges66A | - | - | - | - | €3,016 | €0 | - | €100,000 | - |
| Gross operating margin9900 | €40,236 | €37,896 | €40,271 | €30,591 | €42,304 | €46,360 | €74,555 | €66,335 | ▼ 11.0% |
| Operating profit (loss)9901 | -€6,753 | -€7,443 | -€15,925 | -€14,004 | €12,945 | €17,391 | €28,938 | -€62,705 | - |
| Financial income75/76B | - | - | - | - | €13 | €32 | €0 | €1 | - |
| Recurring financial income75 | €24 | - | €7 | - | €13 | €32 | €0 | €1 | - |
| Financial charges65/66B | - | - | - | €8,150 | €11,199 | €23,960 | €17,061 | €21,773 | ▲ 27.6% |
| Recurring financial charges65 | €249 | €113 | €6,331 | €8,150 | €11,199 | €23,960 | €17,061 | €21,773 | ▲ 27.6% |
| Profit (loss) for the period before taxes9903 | -€6,978 | -€7,556 | -€22,249 | -€22,154 | €1,759 | -€6,536 | €11,877 | -€84,477 | - |
| Profit (loss) for the period9904 | -€6,978 | -€7,556 | -€22,249 | -€22,154 | €1,759 | -€6,536 | €11,877 | -€84,477 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,978 | -€7,556 | -€22,249 | -€22,154 | €1,759 | -€6,536 | €11,877 | -€84,477 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.5m | €0.4m | €0.4m | €0.4m | €0.6m | €0.5m | €0.5m | €0.7m | ▲ 40.2% |
| Fixed assets21/28 | €0.4m | €0.3m | €0.3m | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.7% |
| Tangible fixed assets22/27 | €0.4m | €0.3m | €0.3m | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.7% |
| Land and buildings22 | - | - | - | €0.2m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 3.7% |
| Financial fixed assets28 | €40 | €40 | - | - | - | - | - | - | - |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.4m | ▲ 181% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €459 | €459 | €0.001m | €0.002m | €85 | €0 | - | €0.4m | - |
| Other amounts receivable41 | - | - | - | €0.002m | €85 | €0 | - | €0.4m | - |
| Cash at bank and in hand54/58 | €0.01m | €0.02m | €0.04m | €0.03m | €0.003m | €0.002m | €0.009m | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.03m | €0.02m | €0.02m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.5m | €0.4m | €0.4m | €0.4m | €0.6m | €0.5m | €0.5m | €0.7m | ▲ 40.2% |
| Equity10/15 | -€0.2m | -€0.2m | -€0.2m | -€0.3m | -€0.3m | -€0.3m | -€0.2m | -€0.3m | ▼ 33.9% |
| Contributions10/11 | €1.2m | €1.2m | - | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves not available under the articles1311 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€1.5m | -€1.5m | -€1.5m | -€1.5m | -€1.5m | -€1.5m | -€1.5m | -€1.6m | ▼ 5.6% |
| Amounts payable17/49 | €0.7m | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €0.8m | €1.1m | ▲ 38.2% |
| Amounts payable after more than one year17 | - | - | €0.4m | - | €0.1m | €0.5m | €0.5m | €0.4m | ▼ 6.6% |
| Financial debts170/4 | - | - | - | - | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 8.5% |
| Other amounts payable178/9 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €0.3m | €0.7m | €0.7m | €0.3m | €0.3m | €0.6m | ▲ 120% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.4m | €0.4m | €0.03m | €0.03m | €0.03m | ▲ 3.1% |
| Financial debts43 | - | - | - | - | - | - | - | €0.3m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.3m | - |
| Trade debts44 | €0.01m | €463 | €0.003m | €0.01m | €0.01m | €0.005m | €0 | €0.003m | - |
| Suppliers440/4 | - | - | - | €0.01m | €0.01m | €0.005m | €0 | €0.003m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €394 | €0 | - | - | - |
| Taxes450/3 | - | - | - | €0.002m | €394 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.004m | €0.003m | €0.02m | €0.006m | ▼ 67.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,978 | -€7,556 | -€22,249 | -€22,154 | €1,759 | -€6,536 | €11,877 | -€84,477 | - |
| + Depreciation and write-downs630 | €37,277 | €35,750 | €34,871 | €34,871 | €16,382 | €15,289 | €14,960 | €14,960 | = |
| Operating cash flow (approximation) | €30,299 | €28,194 | €12,622 | €12,717 | €18,141 | €8,753 | €26,838 | -€69,517 | - |
| Investment in fixed assets (approximation) | - | €0 | €11,673 | €0 | -€196,498 | €0 | €0 | €0 | - |
| Change in cash | - | €3,167 | €28,743 | -€12,912 | -€27,691 | -€1,303 | €7,207 | -€9,363 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00319192 |
| 31-12-2024 | micro format | 28-07-2025 | 2025-00318540 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00433232 |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00219554 |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20351906 |
| 31-12-2020 | full format | 09-09-2021 | 2021-66900459 |
| 31-12-2019 | full format | 25-08-2020 | 2020-44200342 |
| 31-12-2018 | full format | 02-08-2019 | 2019-43500061 |
| 31-12-2017 | full format | 27-08-2018 | 2018-51100167 |
| 31-12-2016 | full format | 10-08-2017 | 2017-42900356 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JOSLET Corinne |
|
| DI GASPARRO Adriano |
|
Owners and capital
Capital and shareholders
- 04-01-2024 Converted to unavailable equity · €1,254,524.42
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-01
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Capital4 facts ▸
- General meeting, 27-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
01-12
Gazette deed
Resignation: DI GASPARRO Adriano (manager)Appointment: JOSLET Corinne (director) · Director discharge6 facts ▸
- General meeting, 24-10-2023
- Director resignation, DI GASPARRO Adriano (manager)
- Director discharge, DI GASPARRO Adriano
- Director appointment, JOSLET Corinne (director)
- Other provision, “principal shareholder designation, actionnaire principal” (deed in French)
- Other provision, “closure of meeting” (deed in French)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there 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 you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62064B0470/00M003 | Wallonia | 680 m² | 1 · 108 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La société a pour objet l'acquisition par voie d'achat, d'apport, de construction ou autrement, de biens immeubles de toute nature, en vue…” (deed in French)
4 activities (deed in French)
- La société a pour objet l'acquisition par voie d'achat, d'apport, de construction ou autrement, de biens immeubles de toute nature, en vue de la vente ou de les donner en location, le placement de biens immobiliers.
- Elle pourra s'occuper de la gestion, de l'étude et de la promotion immobilière.
- La société peut réaliser toutes opérations industrielles, commerciales ou financière, mobilières ou immobilières, ayant un rapport direct ou indirect avec son objet social et à tout objet similaire ou connexe ; prendre participation sous quelque forme que ce soit dans toutes les entreprises qui pourraient d'une façon ou d'une autre favoriser la réalisation de son objet social.
- La société peut réaliser son objet en Belgique ou à l'étranger, de toute manières et suivant les modalités qui lui paraîtront le mieux appropriées.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IMMODA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger, par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, organe d'administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, usufruitier et nu-propriétaire inscrits séparément avec indication de droits respectifs” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cession entre vifs ou transmission pour cause de mort, sans agrément, à un actionnaire, au conjoint du cédant ou du testateur, aux…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire, courrier électronique, ou courrier ordinaire pour personnes sans adresse électronique, à envoyer…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, faculté de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)