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IMMODANOU

Active
Public limited companyfounded 198936 yrs activeMaria-Louizasquare 4, 1000 Brussel, BelgiumKBO/BCE: BE 0438.904.610
Summary

IMMODANOU has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€308,281) and a net result of €1,616. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 5% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability56▼-44
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.07; cash: 6.3% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 →
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 2025
Solvency, return and age of the figures
Return on assets
7.2%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 36 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 14284 sector peers (2025).
NBB · sector comparison
Position among 14284 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 17-12-2025, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
47 d late
2024
on the day
2023
76 d early
2022
60 d early
2021
108 d early
2020
93 d early
2019
122 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 59 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 60 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

IMMODANOU was incorporated on 8 November 1989.1 Total assets fell from EUR 161,722 in 2019 to EUR 22,419 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
-€308,281▲ 0.5%
2024 · -€309,897
Total assets
€22,419▲ 16,051%
2024 · €139
Net result
€1,616▼ 78.6%
2024 · €7,537
Working capital
-€308,281▲ 0.5%
2024 · -€309,897
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€45,404▼ 277%-€23,844▲ 47.5%€2,617€8,427▲ 222%€1,979▼ 76.5%
Net result-€48,086below the sector's middle half▼ 291%-€24,721below the sector's middle half▲ 48.6%€1,673within the sector's middle half€7,537within the sector's middle half▲ 350%€1,616within the sector's middle half▼ 78.6%
Equity-€294,386below the sector's middle half▼ 19.5%-€319,107below the sector's middle half▼ 8.4%-€317,434below the sector's middle half▲ 0.5%-€309,897below the sector's middle half▲ 2.4%-€308,281below the sector's middle half▲ 0.5%
Total assets€108,916below the sector's middle half▲ 15.4%€89,330below the sector's middle half▼ 18.0%€9,390below the sector's middle half▼ 89.5%€139below the sector's middle half▼ 98.5%€22,419below the sector's middle half▲ 16,051%
Debt€403,302▲ 18.4%€408,437▲ 1.3%€326,824▼ 20.0%€310,036▼ 5.1%€330,701▲ 6.7%
Working capital-€295,353below the sector's middle half▼ 19.0%-€319,107below the sector's middle half▼ 8.0%-€317,434below the sector's middle half▲ 0.5%-€309,897below the sector's middle half▲ 2.4%-€308,281below the sector's middle half▲ 0.5%
Solvency-270.3%below the sector's middle half▼ 9.3pp-357.2%below the sector's middle half▼ 86.9pp
Current ratio0.27below the sector's middle half=0.22below the sector's middle half▼ 0.050.03below the sector's middle half▼ 0.190.07below the sector's middle half
Return on assets (ROA)-44.1%below the sector's middle half▼ 31.1pp-27.7%below the sector's middle half▲ 16.5pp17.8%above the sector's middle half▲ 45.5pp7.2%within the sector's middle half
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
-€60,000-€40,000-€20,000€0Operating result 2021: -€45,404-€45,404Net result 2021: -€48,086-€48,086Operating result 2022: -€23,844-€23,844Net result 2022: -€24,721-€24,721Operating result 2023: €2,617€2,617Net result 2023: €1,673€1,673Operating result 2024: €8,427€8,427Net result 2024: €7,537€7,537Operating result 2025: €1,979€1,979Net result 2025: €1,616€1,61620212022202320242025€0€2,500€5,000€7,500Operating result 2023: €2,617€2,620Net result 2023: €1,673€1,670Operating result 2024: €8,427€8,430Net result 2024: €7,537€7,540Operating result 2025: €1,979€1,980Net result 2025: €1,616€1,620202320242025
The operating result falls in 2025; 2025 is 77% below 2024.
Key figures and ratios
2025 value · change against 2024
Debt to equity
-1.07
Debt ≤ 1 year
€330,701▲
2024 · €310,036
A ratio outside any meaningful range has been withheld (balance sheet total €22,419, equity -€308,281).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.7% went bankrupt
5.3% stopped otherwise
92% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 3,795 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 24 lines
Balance sheet Code20242025
Assets
Total assets20/58€139€22,419▲
Current assets29/58€139€22,419▲
Amounts receivable within one year40/41-€21,000
Trade receivables40-€21,000
Cash at bank and in hand54/58€139€1,419▲
Equity and liabilities
Total equity and liabilities10/49€139€22,419▲
Equity10/15-€309,897-€308,281▲
Contributions10/11€81,000€81,000=
Capital10€81,000€81,000=
Issued capital100€81,000€81,000=
Profit (loss) carried forward14-€390,897-€389,281▲
Amounts payable17/49€310,036€330,701▲
Amounts payable within one year42/48€310,036€330,701▲
Other amounts payable47/48€310,036€330,701▲
Income statement Code20242025
Other operating charges640/8€757€3,262▲
Gross operating margin9900€9,184€5,242▼
Operating profit (loss)9901€8,427€1,979▼
Financial charges65/66B€890€363▼
Recurring financial charges65€890€363▼
Profit (loss) for the period before taxes9903€7,537€1,616▼
Profit (loss) for the period9904€7,537€1,616▼
Profit (loss) for the period to be appropriated9905€7,537€1,616▼
Appropriation of the result
Profit (loss) to be appropriated9906-€390,897-€389,281▲
Profit (loss) brought forward from the previous period14P-€398,434-€390,897▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€967€967----
Other operating charges640/8-€2,382€555€757€3,262▲ 331%
Gross operating margin9900-€43,154-€20,495€3,172€9,184€5,242▼ 42.9%
Operating profit (loss)9901-€45,404-€23,844€2,617€8,427€1,979▼ 76.5%
Financial charges65/66B-€877€944€890€363▼ 59.2%
Recurring financial charges65€2,682€877€944€890€363▼ 59.2%
Profit (loss) for the period before taxes9903-€48,086-€24,721€1,673€7,537€1,616▼ 78.6%
Profit (loss) for the period9904-€48,086-€24,721€1,673€7,537€1,616▼ 78.6%
Profit (loss) for the period to be appropriated9905-€48,086-€24,721€1,673€7,537€1,616▼ 78.6%
Line20212022202320242025Change
Assets
Total assets20/58€108,916€89,330€9,390€139€22,419▲ 16,051%
Fixed assets21/28€967-----
Tangible fixed assets22/27€967-----
Current assets29/58€107,949€89,330€9,390€139€22,419▲ 16,051%
Amounts receivable within one year40/41€77,267€77,267--€21,000-
Trade receivables40----€21,000-
Other amounts receivable41-€77,267----
Cash at bank and in hand54/58€30,682€11,895€9,390€139€1,419▲ 923%
Deferred charges and accrued income490/1-€169----
Equity and liabilities
Total equity and liabilities10/49€108,916€89,330€9,390€139€22,419▲ 16,051%
Equity10/15-€294,386-€319,107-€317,434-€309,897-€308,281▲ 0.5%
Contributions10/11€81,000€81,000€81,000€81,000€81,000=
Capital10-€81,000€81,000€81,000€81,000=
Issued capital100-€81,000€81,000€81,000€81,000=
Profit (loss) carried forward14-€375,386-€400,107-€398,434-€390,897-€389,281▲ 0.4%
Amounts payable17/49€403,302€408,437€326,824€310,036€330,701▲ 6.7%
Amounts payable within one year42/48€403,302€408,437€326,824€310,036€330,701▲ 6.7%
Trade debts44-€1,684----
Suppliers440/4-€1,684----
Other amounts payable47/48-€406,753€326,824€310,036€330,701▲ 6.7%
Line20212022202320242025Change
Profit (loss) for the period9904-€48,086-€24,721€1,673€7,537€1,616▼ 78.6%
+ Depreciation and write-downs630€967€967----
Operating cash flow (approximation)-€47,119-€23,754€1,673€7,537€1,616▼ 78.6%
Change in cash--€18,787-€2,505-€9,252€1,281▲ 114%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
17-12
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2024
31-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial Highest result since 2019net €7,537 ▲350%
Operating result €8,427, net result €7,537, both a record.
2023
16-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial Back to profitnet €1,673
Net result €1,673 after 4 loss-making years.
2022
01-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2021
15-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial Weakest financial yearnet -€48,086
Net result drops to -€48,086, the lowest in the series; recovery starts the following year.
2020
30-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2019
01-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
26-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
16-11
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2016
29-11
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brussel · 1 establishment unit since 1990
seat establishment approximate The establishment unit on the map
Ground area
830 m²
Building footprint
427 m²
Volume, LiDAR
9,826 m³
2 parcels, Brussels · tallest building 32.6 m, ±10 floors. Linked by address, not a title deed.
47 companies at this address See who is registered here
1 establishment unit
Jetse Steenweg 316, 1090 Jette
NACE 70201
since 19902.046.828.276
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0093/00D002 Brussels 741 m² 1 · 338 m² 32.6 m · 10 fl.
21464D0092/00Z004indicative Brussels 89 m² 1 · 89 m² 10.5 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 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 and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,321 companies in sector 68110 we hold annual accounts for 5,387. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded08-11-1989
Fiscal year end31-03
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
68322Real estate appraisal on a fee or contract basis
E-invoicing
Reachable via Peppol
Peppol ID 0208:0438904610
Also 9925:BE0438904610
Registered 24-11-2023

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.