Immodax
ActiveSummary
Immodax has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53k and a net result of €12k. Equity is shrinking by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+21
Solvency36▲+3
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.18 in 2023; short-term debt: 16.8% and cash: 1.9% of total assets), and 89.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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 2024Solvency, return and age of the figures
Solvency
10.9%
Return on assets
2.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
30 d late
2022
65 d late
2021
31 d late
2020
61 d late
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€53k▲ 28.4%
2023 · €41k
Total assets
€487k▼ 5.9%
2023 · €517k
Net result
€12k
2023 · €-15k
Working capital
€-73k▼ 10.5%
2023 · €-66k
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
Line20202021202220232024
Operating result€21k▲ 399%€60k▲ 188%€22k▼ 64.1%€972▼ 95.5%€27k▲ 2,637%
Net result€4k€45k▲ 947%€7k▼ 84.2%€-15k€12k
Equity€164k▼ 8.1%€209k▲ 27.3%€216k▲ 3.4%€41k▼ 80.9%€53k▲ 28.4%
Total assets€773k▼ 4.6%€756k▼ 2.3%€729k▼ 3.6%€517k▼ 29.0%€487k▼ 5.9%
Debt€609k▼ 3.7%€547k▼ 10.2%€513k▼ 6.2%€476k▼ 7.2%€434k▼ 8.8%
Working capital€-64k▼ 104%€-33k▲ 48.6%€-54k▼ 64.1%€-66k▼ 20.9%€-73k▼ 10.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2,637% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €487k
Fixed assets
€478k ▼ 4.9%
Current assets
€9k ▼ 38.2%
Equity and liabilities €487k
Equity
€53k ▲ 28.4%
Debt
€434k ▼ 8.8%
Debt's share of the balance-sheet total falls from 92.0% to 89.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€51k▲
2023 · €26k
Cash flow
€36k▲
2023 · €10k
Current ratio
0.11▼
2023 · 0.18
Debt to equity
8.20▼
2023 · 11.55
ROE
22.1%▲
2023 · -35.3%
ROA
2.4%▲
2023 · -2.8%
Interest coverage
3.44▲
2023 · 1.67
Debt ≤ 1 year
€82k▲
2023 · €80k
Debt > 1 year
€352k▼
2023 · €395k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €25k | €25k | €25k | €25k | ▼ 0.8% |
| Other operating charges640/8 | - | €7k | €7k | €4k | €4k | ▼ 6.5% |
| Gross operating margin9900 | €53k | €92k | €53k | €30k | €55k | ▲ 83.2% |
| Operating profit (loss)9901 | €21k | €60k | €22k | €972 | €27k | ▲ 2,637% |
| Recurring financial income75 | €7 | - | - | - | - | - |
| Financial charges65/66B | - | €15k | €14k | €16k | €15k | ▼ 4.0% |
| Recurring financial charges65 | €17k | €15k | €14k | €16k | €15k | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €4k | €45k | €7k | €-15k | €12k | ▲ 180% |
| Profit (loss) for the period9904 | €4k | €45k | €7k | €-15k | €12k | ▲ 180% |
| Profit (loss) for the period to be appropriated9905 | €4k | €45k | €7k | €-15k | €12k | ▲ 180% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €773k | €756k | €729k | €517k | €487k | ▼ 5.9% |
| Fixed assets21/28 | €748k | €723k | €707k | €503k | €478k | ▼ 4.9% |
| Tangible fixed assets22/27 | €744k | €719k | €707k | €503k | €478k | ▼ 4.9% |
| Land and buildings22 | - | €646k | €634k | €503k | €478k | ▼ 4.9% |
| Furniture and vehicles24 | - | €73k | €73k | - | - | - |
| Financial fixed assets28 | €4k | €4k | - | - | - | - |
| Current assets29/58 | €25k | €33k | €22k | €15k | €9k | ▼ 38.2% |
| Amounts receivable within one year40/41 | €1k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €24k | €32k | €22k | €15k | €9k | ▼ 38.2% |
| Deferred charges and accrued income490/1 | - | €1k | €109 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €773k | €756k | €729k | €517k | €487k | ▼ 5.9% |
| Equity10/15 | €164k | €209k | €216k | €41k | €53k | ▲ 28.4% |
| Contributions10/11 | €397k | €397k | €397k | €114k | €114k | = |
| Capital10 | - | €397k | €397k | €114k | - | - |
| Issued capital100 | - | €397k | €397k | €114k | - | - |
| Reserves13 | €11k | €11k | €11k | €3k | €3k | = |
| Non-distributable reserves130/1 | - | €11k | €11k | €3k | €3k | = |
| Legal reserve130 | - | €11k | €11k | €3k | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €3k | - |
| Profit (loss) carried forward14 | €-244k | €-199k | €-192k | €-76k | €-65k | ▲ 15.3% |
| Amounts payable17/49 | €609k | €547k | €513k | €476k | €434k | ▼ 8.8% |
| Amounts payable after more than one year17 | €514k | €476k | €436k | €395k | €352k | ▼ 10.7% |
| Financial debts170/4 | - | €476k | €436k | €395k | €352k | ▼ 10.7% |
| Amounts payable within one year42/48 | €90k | €66k | €76k | €80k | €82k | ▲ 1.6% |
| Current portion of amounts payable after more than one year42 | - | €38k | €39k | €41k | €42k | ▲ 3.3% |
| Trade debts44 | €13k | €4k | €9k | €9k | €5k | ▼ 46.2% |
| Suppliers440/4 | - | €4k | €9k | €9k | €5k | ▼ 46.2% |
| Other amounts payable47/48 | - | €24k | €28k | €30k | €34k | ▲ 13.5% |
| Accrued charges and deferred income492/3 | - | €5k | €590 | €890 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €45k | €7k | €-15k | €12k | ▲ 180% |
| + Depreciation and write-downs630 | €25k | €25k | €25k | €25k | €25k | ▼ 0.8% |
| Operating cash flow (approximation) | €30k | €70k | €32k | €10k | €36k | ▲ 252% |
| Investment in fixed assets (approximation) | - | €0 | €-9k | €179k | €0 | ▼ 100% |
| Change in cash | - | €7k | €-10k | €-7k | €-6k | ▲ 22.0% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €45k ▲947%
Operating result €60k, net result €45k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲27.3%
2 profitable years in a row build equity to €209k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 48 days late
Show earlier events
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 91 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
20-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Watermaal-Bosvoorde · 1 establishment unit since 1979
Ground area
371 m²
Building footprint
99 m²
Volume, LiDAR
853 m³
Parcel 21652E0074/00Y004, Brussels · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Castel Fleurisquare 2, 1170 Watermaal-Bosvoorde
since 19792.016.856.068
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0074/00Y004 | Brussels | 371 m² | 1 · 99 m² | 11.6 m · 3 fl. |
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.
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Of 1,395 companies in sector 47784 we hold annual accounts for 428. 345 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
Founded29-06-1979
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
32130Manufacture of imitation jewellery and related articles
Scores and ratios are computed by Checked and are not a credit decision.