IMMODA
ActiveFrom the official registers: KBO 36 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IMMODA has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.3m and a net result of €57,039, of which €300,283 non-recurring income. Equity has been stable since 2018 (±0.5% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Official details
KBO- Status
- Active since 07-07-1989 Normal situation
- Legal form
- Public limited company
- Registered office
- Broekstraat 55, 9831 Sint-Martens-Latem
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.044.988.345 9031 Gent, since 14-09-1989
- Financial year end
- 15 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €159,242
- ▲ 319%
- Turnover
- ≈ €400,000
- estimated
- Profit
- €57,039
- Equity
- €1.3m
- ▲ 4.7%
- Total assets
- €1.4m
- ▼ 13.0%
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 02-08-2025)1 financial year not filed after the legal deadline; last filed accounts filed 16 days late; 1 of the last 3 accounts latelowers riskSize: total assets €1.4mEquity €1.3m (92.3% of total assets)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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). It does better than 81% of them on solvency, 61% on liquidity, 56% on profitability and 60% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 68 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 15 July 2026 The financial year closed on 15 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024
- Financial year ended
- 15-12-2024
- Filed on
- 31-07-2025
- Format
- micro format
- Reference
- 2025-00350572
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a profit of €83,808, after a loss of €49,615 in 2023. It is the highest result since 2020.
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.
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as IMMODA has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- 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 IMMODA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,445 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 IMMODA. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €300,283 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,883 | €34,792 | €36,921 | €69,030 | €69,698 | €70,115 | €57,674 | ▼ 17.7% |
| Other operating charges640/8 | - | - | - | €15,265 | €15,696 | €17,504 | €17,760 | ▲ 1.5% |
| Gross operating margin9900 | €49,674 | €51,476 | €84,474 | €91,313 | €111,646 | €38,004 | €159,242 | ▲ 319% |
| Operating profit (loss)9901 | €18,742 | €2,247 | €32,365 | €7,018 | €26,252 | -€49,615 | €83,808 | - |
| Financial income75/76B | - | - | - | €17,230 | €0 | - | - | - |
| Recurring financial income75 | €18,077 | €19,738 | €21,472 | €17,230 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €23,944 | €64,293 | €17,091 | €17,996 | ▲ 5.3% |
| Recurring financial charges65 | €22,964 | €22,597 | €26,712 | €23,944 | €3,894 | €17,091 | €17,996 | ▲ 5.3% |
| Non-recurring financial charges66B | - | - | - | - | €60,399 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €13,855 | -€612 | €27,125 | €304 | -€38,041 | -€66,706 | €65,812 | - |
| Income taxes67/77 | €745 | €372 | €2,826 | €4,741 | €2,487 | €3,118 | €8,773 | ▲ 181% |
| Profit (loss) for the period9904 | €13,110 | -€984 | €24,299 | -€4,437 | -€40,528 | -€69,824 | €57,039 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €9,735 | €9,735 | €9,736 | €9,736 | = |
| Profit (loss) for the period to be appropriated9905 | €22,845 | €8,751 | €34,034 | €5,298 | -€30,793 | -€60,088 | €66,775 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.8m | €2.0m | €2.0m | €2.0m | €1.6m | €1.6m | €1.4m | ▼ 13.0% |
| Fixed assets21/28 | €1.6m | €1.7m | €1.7m | €1.7m | €1.6m | €1.5m | €1.2m | ▼ 21.5% |
| Tangible fixed assets22/27 | €1.6m | €1.7m | €1.7m | €1.7m | €1.6m | €1.5m | €1.2m | ▼ 21.5% |
| Land and buildings22 | - | - | - | €1.7m | €1.6m | €1.5m | €1.2m | ▼ 21.5% |
| Current assets29/58 | €0.2m | €0.3m | €0.3m | €0.3m | €0.03m | €0.04m | €0.2m | ▲ 332% |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.3m | €0.3m | €0.02m | €0.03m | €0.003m | ▼ 89.8% |
| Trade receivables40 | - | - | - | €0.02m | €0.02m | €0.03m | €0.003m | ▼ 89.8% |
| Other amounts receivable41 | - | - | - | €0.3m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.004m | €0.002m | €0.005m | €0.002m | €0.008m | €0.006m | €0.2m | ▲ 27× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.8m | €2.0m | €2.0m | €2.0m | €1.6m | €1.6m | €1.4m | ▼ 13.0% |
| Equity10/15 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | €1.3m | ▲ 4.7% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | - | - | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.09m | €0.08m | €0.07m | ▼ 12.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.09m | €0.08m | €0.07m | ▼ 12.8% |
| Profit (loss) carried forward14 | -€0.02m | -€0.01m | €0.02m | €0.03m | -€0.004m | -€0.06m | €0.002m | - |
| Amounts payable17/49 | €0.6m | €0.7m | €0.7m | €0.7m | €0.4m | €0.4m | €0.1m | ▼ 71.3% |
| Amounts payable after more than one year17 | €0.2m | €0.2m | €0.1m | €0.1m | €0.07m | €0.03m | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.07m | €0.03m | - | - |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.5m | €0.6m | €0.3m | €0.3m | €0.1m | ▼ 68.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | €0.04m | - | - |
| Trade debts44 | €0.008m | €0.01m | €0.01m | €0.02m | €0.006m | €0.07m | €0.07m | ▲ 11.3% |
| Suppliers440/4 | - | - | - | €0.02m | €0.006m | €0.07m | €0.07m | ▲ 11.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.005m | €0.003m | €0.008m | ▲ 124% |
| Taxes450/3 | - | - | - | €0.02m | €0.005m | €0.003m | €0.008m | ▲ 124% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.2m | €0.2m | €0.02m | ▼ 89.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,110 | -€984 | €24,299 | -€4,437 | -€40,528 | -€69,824 | €57,039 | - |
| + Depreciation and write-downs630 | €16,883 | €34,792 | €36,921 | €69,030 | €69,698 | €70,115 | €57,674 | ▼ 17.7% |
| Operating cash flow (approximation) | €29,993 | €33,808 | €61,220 | €64,593 | €29,170 | €291 | €114,713 | ▲ 394× |
| Investment in fixed assets (approximation) | - | -€172,304 | -€23,668 | -€5,380 | €0 | -€4,171 | €272,217 | - |
| Change in cash | - | -€2,832 | €3,951 | -€3,808 | €6,794 | -€2,512 | €153,573 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 15-12-2024 | micro format | 31-07-2025 | 2025-00350572 | |
| 15-12-2023 | micro format | 07-05-2024 | 2024-00083538 | |
| 15-12-2022 | micro format | 06-12-2023 | 2023-00522977 | |
| 15-12-2021 | micro format | 16-12-2022 | 2022-20541731 | |
| 15-12-2020 | micro format | 06-08-2021 | 2021-46900137 | |
| 15-12-2019 | abbreviated format | 04-12-2020 | 2020-74500390 | |
| 15-12-2018 | abbreviated format | 25-06-2019 | 2019-22800083 | |
| 15-12-2017 | abbreviated format | 25-06-2019 | 2019-22800078 | |
| 15-12-2016 | abbreviated format | 09-08-2017 | 2017-42500188 | |
| 15-12-2015 | abbreviated format | 30-09-2016 | 2016-65100001 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bernard Dardenne |
|
| Pierre Dardenne |
|
| Françoise Dardenne |
|
| Marc Dardenne |
|
The board according to the articles of association
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Two directors jointly
Articles of association, deed of 15-01-2026
Owners and capital
Shareholders
1 ownerOwners 1
-
25%
Group and network
Connections & network
2 current directorsThe network starts from the directors of IMMODA. Every other company they run is a node.
Acquisitions and mergers
2 transactionsHistory
Acts, filings and financial milestones
15-01
Gazette deed
Resignations: Marc Dardenne (director) and Françoise Dardenne (director)Appointments: Pierre Dardenne (director) and Bernard Dardenne (director)5 points ▸
- General meeting, 11-12-2025
- Director resignation, Marc Dardenne (director)
- Director resignation, Françoise Dardenne (director)
- Director appointment, Pierre Dardenne (director)
- Director appointment, Bernard Dardenne (director)
24-03
Gazette deed
MiscellaneousDemerger1 point ▸
- Demerger, “afsplitsing” (deed in Dutch), mentioned 2 times in the deed
19-11
Gazette deed
Resignations & appointmentsCourt decision1 point ▸
- Court decision, “beëindigd, voorlopige bewindvoerder” (deed in Dutch)
24-09
Gazette deed
Resignations & appointmentsCourt decision3 points ▸
- Court decision, 05-04-2023
- Court decision, 27-03-2024
- Court decision, 05-09-2024
07-05
Gazette deed
Resignations & appointmentsCourt decision2 points ▸
- Court decision, 05-04-2023
- Court decision, 27-03-2024
12-12
Gazette deed
Resignations & appointmentsCourt decision2 points ▸
- Court decision, 05-04-2023
- Court decision, 27-09-2023
Show earlier events
02-05
Gazette deed
Resignations & appointments1 point ▸
- Other provision, “Ondernemingsrechtbank Gent, het beheer en het dagelijks bestuur van de NV IMMODA te voeren” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44015B0522/00E000 | Flanders | 5,970 m² | 1 · 284 m² | 9.0 m · 2 |
| 44017C0849/00A002 | Flanders | 645 m² | 1 · 101 m² | 8.6 m · 2 |