Summary
IMMODAN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €200,209 and a net result of -€27,451. Equity is shrinking by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 2409 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
39 d early
2023
1 d early
2022
5 d early
2021
4 d early
2020
2 d early
2019
44 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date Which other companies resemble this one?Lookalike companies
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#6 oldest company in Asse, Finance and insurance sector
Equity
€200,209▼ 12.1%
2024 · €227,660
Net result
-€27,451▲ 17.0%
2024 · -€33,089
Total assets
€2.7m▼ 6.2%
2024 · €2.9m
Solvency
7.3%▼ 0.5pp
2024 · 7.8%
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€35,984▲ 76.7%€33,280▼ 7.5%€36,488▲ 9.6%€37,064▲ 1.6%€42,172▲ 13.8%
Net result-€32,346▲ 70.9%-€23,348▲ 27.8%-€15,616▲ 33.1%-€33,089▼ 112%-€27,451▲ 17.0%
Equity€299,713▼ 9.7%€276,365▼ 7.8%€260,749▼ 5.7%€227,660▼ 12.7%€200,209▼ 12.1%
Total assets€3.3m▼ 20.8%€3.0m▼ 8.7%€3.1m▲ 1.3%€2.9m▼ 5.8%€2.7m▼ 6.2%
Debt€3.0m▼ 21.8%€2.8m▼ 8.8%€2.8m▲ 2.0%€2.7m▼ 5.2%€2.5m▼ 5.7%
Working capital-€1.7m▼ 3.2%-€1.7m▼ 2.4%-€1.8m▼ 1.6%-€1.9m▼ 8.1%-€1.9m▼ 1.4%
Solvency9.0%▲ 1.1pp9.1%▲ 0.1pp8.5%▼ 0.6pp7.8%▼ 0.6pp7.3%▼ 0.5pp
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€2.1m =
Current assets
€583,787 ▼ 23.6%
Equity and liabilities €2.7m
Equity
€200,209 ▼ 12.1%
Debt
€2.5m ▼ 5.7%
Debt's share of the balance-sheet total rises from 92.2% to 92.7%. Equity and debt are lower.
Key figures and ratios
ROE
-13.7%▲
2024 · -14.5%
ROA
-1.0%▲
2024 · -1.1%
Debt ≤ 1 year
€2.5m▼
2024 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €64,631 | €67,887 | €69,675 | €71,245 | ▲ 2.3% |
| Other operating income74 | - | €64,631 | €67,887 | €69,675 | €71,245 | ▲ 2.3% |
| Operating charges60/66A | - | €31,351 | €31,399 | €32,610 | €29,074 | ▼ 10.8% |
| Services and other goods61 | - | €30,401 | €30,448 | €31,600 | €28,051 | ▼ 11.2% |
| Other operating charges640/8 | - | €951 | €951 | €1,010 | €1,023 | ▲ 1.2% |
| Operating profit (loss)9901 | €35,984 | €33,280 | €36,488 | €37,064 | €42,172 | ▲ 13.8% |
| Financial income75/76B | - | €1,736 | €4,370 | €8,240 | €6,900 | ▼ 16.3% |
| Recurring financial income75 | €0 | €1,736 | €4,370 | €8,240 | €6,900 | ▼ 16.3% |
| Income from current assets751 | - | - | - | €2,958 | €1,318 | ▼ 55.4% |
| Other financial income752/9 | - | €1,736 | €4,370 | €5,282 | €5,582 | ▲ 5.7% |
| Financial charges65/66B | - | €58,363 | €56,196 | €78,393 | €76,523 | ▼ 2.4% |
| Recurring financial charges65 | €68,405 | €58,363 | €56,196 | €78,393 | €76,523 | ▼ 2.4% |
| Debt charges650 | €68,181 | €57,998 | €55,739 | €77,771 | €75,646 | ▼ 2.7% |
| Other financial charges652/9 | - | €365 | €457 | €622 | €877 | ▲ 41.1% |
| Profit (loss) for the period before taxes9903 | -€32,421 | -€23,348 | -€15,338 | -€33,089 | -€27,451 | ▲ 17.0% |
| Income taxes67/77 | -€76 | €0 | €278 | €0 | - | - |
| Taxes670/3 | - | - | €278 | €887 | €396 | ▼ 55.4% |
| Tax adjustments and reversals of tax provisions77 | - | €0 | - | €887 | €396 | ▼ 55.4% |
| Profit (loss) for the period9904 | -€32,346 | -€23,348 | -€15,616 | -€33,089 | -€27,451 | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | -€32,346 | -€23,348 | -€15,616 | -€33,089 | -€27,451 | ▲ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.3m | €3.0m | €3.1m | €2.9m | €2.7m | ▼ 6.2% |
| Fixed assets21/28 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Tangible fixed assets22/27 | €349,469 | €349,469 | €349,469 | €349,469 | €349,469 | = |
| Land and buildings22 | - | €349,469 | €349,469 | €349,469 | €349,469 | = |
| Financial fixed assets28 | €1.8m | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Affiliated companies280/1 | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Participating interests280 | - | €1.8m | €1.8m | €1.8m | €1.8m | = |
| Current assets29/58 | €1.2m | €904,238 | €943,230 | €764,143 | €583,787 | ▼ 23.6% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €13,495 | €177,232 | €187,752 | €350,929 | €379,155 | ▲ 8.0% |
| Other amounts receivable41 | - | €177,232 | €187,752 | €350,929 | €379,155 | ▲ 8.0% |
| Cash at bank and in hand54/58 | €1.2m | €701,979 | €729,949 | €387,748 | €179,476 | ▼ 53.7% |
| Deferred charges and accrued income490/1 | - | €25,028 | €25,529 | €25,466 | €25,156 | ▼ 1.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.3m | €3.0m | €3.1m | €2.9m | €2.7m | ▼ 6.2% |
| Equity10/15 | €299,713 | €276,365 | €260,749 | €227,660 | €200,209 | ▼ 12.1% |
| Contributions10/11 | €62,370 | €62,370 | €62,370 | €62,370 | €62,370 | = |
| Capital10 | - | €62,370 | €62,370 | €62,370 | €62,370 | = |
| Issued capital100 | - | €62,370 | €62,370 | €62,370 | €62,370 | = |
| Reserves13 | €237,343 | €213,995 | €198,379 | €165,290 | €137,838 | ▼ 16.6% |
| Non-distributable reserves130/1 | - | €6,237 | €6,237 | €6,237 | €6,237 | = |
| Legal reserve130 | - | €6,237 | €6,237 | €6,237 | €6,237 | = |
| Distributable reserves133 | - | €207,758 | €192,142 | €159,053 | €131,601 | ▼ 17.3% |
| Amounts payable17/49 | €3.0m | €2.8m | €2.8m | €2.7m | €2.5m | ▼ 5.7% |
| Amounts payable after more than one year17 | €135,502 | €122,352 | €110,352 | €0 | - | - |
| Other amounts payable178/9 | - | €122,352 | €110,352 | €0 | - | - |
| Amounts payable within one year42/48 | €2.9m | €2.6m | €2.7m | €2.7m | €2.5m | ▼ 5.7% |
| Trade debts44 | €3,025 | €9,075 | €0 | €12,100 | €1,392 | ▼ 88.5% |
| Suppliers440/4 | - | €9,075 | €0 | €12,100 | €1,392 | ▼ 88.5% |
| Other amounts payable47/48 | - | €2.6m | €2.7m | €2.7m | €2.5m | ▼ 5.3% |
| Accrued charges and deferred income492/3 | - | €0 | €194 | €211 | €119 | ▼ 43.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,346 | -€23,348 | -€15,616 | -€33,089 | -€27,451 | ▲ 17.0% |
| Operating cash flow (approximation) | -€32,346 | -€23,348 | -€15,616 | -€33,089 | -€27,451 | ▲ 17.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€455,207 | €27,970 | -€342,201 | -€208,272 | ▲ 39.1% |
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
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial
Weakest financial yearnet -€111,167
Net result drops to -€111,167, the lowest in the series; recovery starts the following year.
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Asse · 1 establishment unit since 1992
Ground area
1.5 ha
Building footprint
1,940 m²
Volume, LiDAR
13,550 m³
2 parcels, Brussels, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Dieleghemse Steenweg 86, 1090 Jette
since 19922.055.799.786
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053B0259/00W000 | Flanders | 1.2 ha | 1 · 1,772 m² | 9.8 m · 2 fl. |
| 21010A0115/00T007 | Brussels | 2,425 m² | 1 · 168 m² | 13.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
COCOO'N'IMMO
BE 0832.335.620
Wommelgem · Eq €200,179
BRIEVAN
BE 0660.820.220
Genk · Eq €200,176
NAKO
BE 0633.908.757
Sint-Truiden · Eq €200,167
MULTI-VALUE HOLDING
BE 0787.682.857
Kortrijk · Eq €200,285
INO HOLDING
BE 0539.813.809
Modave · Eq €200,329
Of 24,729 companies in sector 64210 we hold annual accounts for 19,771. 13,536 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-12-1991
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.