Equity
Equity fell by 41% in 17 years.
Equity fell by 41% in 17 years.
Green is investment, beige is depreciation.
Latest accounts filed late: after the legal deadline.
In July 2024, 17,044 companies had the same profile as IMMODEL has now. Each dot stands for 43 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,044 companies, not a prediction for IMMODEL. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
IMMODEL files the micro format. That format states no turnover. The gross margin rose from €10,828 in 2006 to €26,014 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €63,000 and €190,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
277,062 | 284,347 | 298,840 | 319,216 | 352,262 | 393,885 | 419,349 | 387,683 | 408,663 | 435,669 | 639,920 | 684,102 | 591,449 | 563,926 | 588,437 | 460,094 | 486,772 | 482,041 | 481,273 | 232,579 | |
21/28 |
183,477 | 177,328 | 193,107 | 206,076 | 234,767 | 256,221 | 283,689 | 351,195 | 384,010 | 418,019 | 624,977 | 631,737 | 535,313 | 558,334 | 581,356 | 404,631 | 206,011 | 210,526 | 191,163 | 230,817 | |
22/27 |
183,477 | 177,328 | 193,107 | 206,076 | 234,767 | 256,221 | 283,689 | 351,195 | 384,010 | 418,019 | 624,977 | 631,737 | 535,313 | 558,334 | 581,356 | 404,631 | 206,011 | 210,526 | 191,163 | 230,817 | |
22 |
144,461 | 158,994 | 168,954 | 178,913 | 188,872 | 198,832 | 208,791 | 260,277 | 274,198 | 288,117 | 474,818 | 494,131 | 519,444 | 538,757 | 558,070 | 377,636 | 192,086 | 194,820 | 185,401 | 225,923 | |
26 |
39,016 | 18,334 | 24,154 | 27,163 | 45,894 | 57,389 | 74,898 | 90,918 | 109,812 | 129,902 | 150,159 | 137,606 | 15,869 | 19,577 | 23,286 | 26,995 | 13,925 | 15,706 | 5,762 | 4,894 | |
29/58 |
93,585 | 107,019 | 105,733 | 113,140 | 117,496 | 137,664 | 135,660 | 36,488 | 24,653 | 17,650 | 14,943 | 52,365 | 56,136 | 5,592 | 7,081 | 55,463 | 280,761 | 271,515 | 290,110 | 1,762 | |
40/41 |
- | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 56 | 669 | 1,756 | 2,734 | 1,203 | - | |
41 |
- | - | - | - | - | - | - | - | - | - | - | 1 | - | - | 56 | 669 | 1,756 | 2,734 | 1,203 | - | |
50/53 |
0 | 0 | 0 | - | - | - | 0 | 0 | - | - | - | - | - | - | 577 | 51,759 | 275,072 | 267,000 | 285,000 | - | |
54/58 |
93,585 | 105,008 | 105,733 | 112,910 | 117,436 | 137,244 | 134,763 | 36,368 | 24,593 | 16,840 | 13,668 | 48,089 | 51,013 | 2,359 | 5,658 | 3,035 | 3,929 | 1,781 | 3,330 | 1,762 | |
490/1 |
- | 2,010 | - | 230 | 60 | 420 | 896 | 120 | 60 | 810 | 1,275 | 4,275 | 5,123 | 3,233 | 790 | - | 4 | - | 577 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
277,062 | 284,347 | 298,840 | 319,216 | 352,262 | 393,885 | 419,349 | 387,683 | 408,663 | 435,669 | 639,920 | 684,102 | 591,449 | 563,926 | 588,437 | 460,094 | 486,772 | 482,041 | 481,273 | 232,579 | |
10/15 |
107,381 | 103,250 | 94,032 | 99,937 | 119,185 | 134,448 | 145,593 | 11,527 | 18,247 | 31,046 | 89,956 | 85,870 | 107,963 | 117,722 | 128,497 | 129,281 | 141,239 | 181,304 | 177,714 | 53,773 | |
10/11 |
118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | |
100 |
- | - | - | - | - | - | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | 118,900 | |
11 |
- | - | - | - | - | 118,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 118,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
12 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 118,493 | 118,493 | - | |
13 |
285 | 285 | 285 | 285 | 285 | 15,548 | 26,693 | - | - | - | - | 64,592 | 67,322 | 70,052 | 72,781 | 75,511 | 77,889 | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | 64,592 | 67,322 | 70,052 | 72,781 | 75,511 | 77,889 | - | - | - | |
133 |
285 | 285 | 285 | 285 | 285 | 15,548 | 26,693 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-11,804 | -15,935 | -25,153 | -19,247 | - | - | - | -107,373 | -100,653 | -87,854 | -28,944 | -97,622 | -78,259 | -71,230 | -63,184 | -65,130 | -55,550 | -56,089 | -59,679 | -65,127 | |
16 |
- | - | - | - | - | - | - | - | - | - | - | 33,260 | 34,665 | 36,071 | 37,477 | 38,882 | 40,107 | - | - | - | |
168 |
- | - | - | - | - | - | - | - | - | - | - | 33,260 | 34,665 | 36,071 | 37,477 | 38,882 | 40,107 | - | - | - | |
17/49 |
169,682 | 181,097 | 204,808 | 219,278 | 233,078 | 259,437 | 273,755 | 376,156 | 390,416 | 404,623 | 549,964 | 564,972 | 448,821 | 410,133 | 422,463 | 291,931 | 305,426 | 300,737 | 303,559 | 178,806 | |
42/48 |
166,837 | 181,097 | 203,118 | 218,303 | 232,103 | 259,437 | 273,755 | 376,156 | 389,510 | 404,623 | 549,044 | 563,332 | 448,041 | 410,005 | 422,403 | 291,807 | 305,307 | 300,737 | 303,367 | 178,695 | |
44 |
1,452 | 1,499 | 1,456 | 1,641 | 1,806 | 2,275 | 2,405 | 1,671 | 1,334 | 2,047 | 1,368 | 1,844 | 2,788 | 353 | 1,089 | 1,059 | 1,567 | 197 | 227 | 100 | |
440/4 |
1,452 | 1,499 | 1,456 | 1,641 | 1,806 | 2,275 | 2,405 | 1,671 | 1,334 | 2,047 | 1,368 | 1,844 | 2,788 | 353 | 1,089 | 1,059 | 1,567 | 197 | 227 | 100 | |
45 |
- | - | - | - | - | 12,465 | 12,465 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
450/3 |
- | - | - | - | - | 12,465 | 12,465 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
165,385 | 179,598 | 201,663 | 216,663 | 230,297 | 244,697 | 258,885 | 374,485 | 388,176 | 402,576 | 547,676 | 561,488 | 445,253 | 409,652 | 421,314 | 290,748 | 303,740 | 300,540 | 303,140 | 178,595 | |
492/3 |
2,845 | - | 1,690 | 975 | 975 | - | - | - | 906 | - | 920 | 1,640 | 780 | 128 | 60 | 124 | 119 | - | 192 | 111 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 34,740 | 21,880 | 18,415 | 17,511 | 16,679 | 16,353 | |
76A |
50 | - | - | 60 | - | 20 | 158,857 | - | - | 120 | - | 6,000 | - | - | - | - | - | 120 | - | - | |
9900 |
26,014 | 30,334 | 28,377 | 14,208 | 17,533 | 21,080 | 181,355 | 31,683 | 27,006 | 12,491 | 15,077 | 12,086 | 16,451 | 15,442 | 23,909 | 6,249 | 9,553 | 5,958 | 9,556 | 10,828 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,831 | 15,631 | 8,862 | 11,553 | 7,123 | 5,525 | |
630 |
14,103 | 15,779 | 28,859 | 28,691 | 28,184 | 27,468 | 29,146 | 32,814 | 34,009 | 34,177 | 39,570 | 36,682 | 23,022 | 23,022 | 23,022 | 17,629 | 10,565 | 10,385 | 8,710 | 10,209 | |
640/8 |
5,386 | 5,097 | 4,961 | 4,525 | 4,417 | 4,566 | 5,510 | 5,588 | 5,630 | 4,702 | 4,554 | 4,778 | 348 | 348 | 347 | 347 | 357 | 357 | 356 | 348 | |
66A |
- | - | 110 | - | - | - | - | - | - | 32,395 | - | - | - | - | 131 | - | - | - | - | - | |
9901 |
6,525 | 9,458 | -5,553 | -19,008 | -15,067 | -10,954 | 146,699 | -6,720 | -12,633 | -58,783 | -29,047 | -29,374 | -6,919 | -7,928 | 540 | -11,727 | -1,369 | -4,784 | 490 | 271 | |
75/76B |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3 | 377 | 775 | 3,684 | 10,208 | 8,022 | - | |
75 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 3 | 377 | 775 | 3,684 | 10,208 | 8,022 | - | |
65/66B |
2,395 | 240 | 353 | 239 | 196 | 191 | 168 | 0 | 166 | 127 | 127 | 124 | - | 128 | - | 125 | 236 | 4 | 118 | 115 | |
65 |
385 | 240 | 353 | 239 | 196 | 191 | 168 | 0 | 166 | 127 | 127 | 124 | - | 128 | - | 125 | 236 | 4 | 118 | 115 | |
66B |
2,010 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
4,131 | 9,218 | -5,906 | -19,247 | -15,264 | -11,145 | 146,531 | -6,720 | -12,799 | -58,910 | -29,174 | -23,498 | -6,919 | -8,053 | 786 | -11,077 | 2,079 | 5,540 | 8,394 | 156 | |
67/77 |
- | - | - | - | - | - | 12,465 | - | - | - | - | - | 4,246 | 4,129 | 2,975 | 2,105 | 2,038 | 1,950 | 2,946 | 1,882 | |
9904 |
4,131 | 9,218 | -5,906 | -19,247 | -15,264 | -11,145 | 134,066 | -6,720 | -12,799 | -58,910 | 4,086 | -22,093 | -9,759 | -10,776 | -784 | -11,958 | 210 | 3,590 | 5,448 | -1,726 | |
789 |
- | - | - | - | - | - | - | - | - | - | 64,592 | 2,730 | 2,730 | 2,730 | 2,730 | 2,378 | 329 | - | - | - | |
9905 |
4,131 | 9,218 | -5,906 | -19,247 | -15,264 | -11,145 | 134,066 | -6,720 | -12,799 | -58,910 | 68,678 | -19,363 | -7,029 | -8,046 | 1,946 | -9,580 | 539 | 3,590 | 5,448 | -1,726 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-11,804 | -15,935 | -25,153 | -19,247 | -15,264 | -11,145 | 26,693 | -107,373 | -100,653 | -87,854 | -28,944 | -97,622 | -78,259 | -71,230 | -63,184 | -65,130 | -55,550 | -56,089 | -59,679 | -65,127 | |
14P |
-15,935 | -25,153 | -19,247 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | 15,264 | 11,145 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 26,693 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | 26,693 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 12 older financial years (1994-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00543667.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00543667 | |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00246981 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00247153 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00367476 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20405468 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-56900558 | |
| 31-12-2019 | micro format | 01-10-2020 | 2020-58100291 | |
| 31-12-2018 | micro format | 17-07-2019 | 2019-33700285 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-54100249 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-46200233 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-53600317 | |
| 31-12-2014 | full format | 31-08-2015 | 2015-52500181 | |
| 31-12-2013 | full format | 30-06-2014 | 2014-23500414 | |
| 31-12-2012 | full format | 28-08-2013 | 2013-48300535 | |
| 31-12-2011 | full format | 30-08-2012 | 2012-49400185 | |
| 31-12-2010 | full format | 19-09-2011 | 2011-54800141 | |
| 31-12-2009 | full format | 29-09-2010 | 2010-55600078 | |
| 31-12-2008 | full format | 24-09-2009 | 2009-77100060 | |
| 31-12-2007 | full format | 28-08-2008 | 2008-64700004 | |
| 31-12-2006 | full format | 27-08-2007 | 2007-61100060 | |
| 31-12-2005 | full format | 19-07-2006 | 2006-49604482 | |
| 31-12-2004 | full format | 12-07-2005 | 2005-46602697 | |
| 31-12-2003 | full format | 31-08-2004 | 2004-62201237 | |
| 31-12-2002 | full format | 20-10-2003 | 2003-75204231 | |
| 31-12-2001 | full format | 18-10-2002 | 2002-67001201 | |
| 31-12-2000 | full format | 08-11-2001 | 2001-68800167 | |
| 31-12-1999 | full format | 04-10-2000 | 2000-61401109 | |
| 31-12-1998 | full format | 30-11-1999 | 1999-61005116 | |
| 31-12-1997 | full format | 01-07-1998 | 1998-27302926 | |
| 31-12-1996 | full format | 07-10-1997 | 1997-47804639 | |
| 31-12-1995 | full format | 04-07-1996 | 1996-31104481 | |
| 31-12-1994 | full format | 01-09-1995 | 1995-47800824 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20,628 | 25,238 | 23,307 | 9,682 | 13,117 | 16,514 | 175,845 | 26,095 | 21,376 | -24,606 | 10,523 | 7,308 | 16,103 | 15,094 | 23,562 | 5,902 | 9,196 | 5,601 | 9,200 | 10,480 | ||
| 18,234 | 24,997 | 22,954 | 9,443 | 12,920 | 16,323 | 163,212 | 26,095 | 21,210 | -24,733 | 43,656 | 14,589 | 13,263 | 12,246 | 22,238 | 5,671 | 10,775 | 13,975 | 14,158 | 8,483 | ||
| 25,066 | 0 | 15,891 | 0 | 6,729 | 0 | 3,166 | -0 | 0 | -172,781 | 32,810 | 139,106 | 1 | 0 | 199,747 | 216,249 | 6,050 | 29,748 | 1,678 | - | ||
| -11,423 | -724 | -7,177 | -4,526 | -19,808 | 2,481 | 98,395 | 11,775 | 7,753 | 3,172 | -34,421 | -2,924 | 48,654 | -3,299 | 2,623 | -894 | 2,148 | -1,549 | 1,568 | - | ||
| -73,251 | -74,078 | -97,386 | -105,164 | -114,607 | -121,773 | -138,096 | -339,668 | -364,857 | -386,973 | -534,101 | -510,967 | -391,905 | -404,413 | -415,322 | -236,344 | -24,546 | -29,222 | -13,257 | -176,933 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.6% | -53.6% | -7.4% | -27.3% | 2.9% | 1.7% | ||
| 38.8% | 36.3% | 31.5% | 31.3% | 33.8% | 34.1% | 34.7% | 3.0% | 4.5% | 7.1% | 14.1% | 12.6% | 18.3% | 20.9% | 21.8% | 28.1% | 29.0% | 37.6% | 36.9% | 23.1% | ||
| 0.56 | 0.59 | 0.52 | 0.52 | 0.51 | 0.53 | 0.50 | 0.10 | 0.06 | 0.04 | 0.03 | 0.09 | 0.13 | 0.01 | 0.02 | 0.19 | 0.92 | 0.90 | 0.96 | 0.01 | ||
| 1.58 | 1.75 | 2.18 | 2.19 | 1.96 | 1.93 | 1.88 | 32.63 | 21.40 | 13.03 | 6.11 | 6.58 | 4.16 | 3.48 | 3.29 | 2.26 | 2.16 | 1.66 | 1.71 | 3.33 | ||
| 3.8% | 8.9% | -6.3% | -19.3% | -12.8% | -8.3% | 92.1% | -58.3% | -70.1% | -189.8% | 4.5% | -25.7% | -9.0% | -9.2% | -0.6% | -9.2% | 0.1% | 2.0% | 3.1% | -3.2% | ||
| 1.5% | 3.2% | -2.0% | -6.0% | -4.3% | -2.8% | 32.0% | -1.7% | -3.1% | -13.5% | 0.6% | -3.2% | -1.7% | -1.9% | -0.1% | -2.6% | 0.0% | 0.7% | 1.1% | -0.7% | ||
| 53.64 | over 100 | 66.07 | 40.52 | 66.78 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 day | 11 days | 35 days | 57 days | 26 days | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37 days | 25 days | 65 days | 6 days | 12 days | 7 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €25,066 | - | €15,891 | - | €6,729 |
| €14,103 | €15,779 | €28,859 | €28,691 | €28,184 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 31% lower than in 2024.
Debt's share of the balance-sheet total falls from 63.7% to 61.2%. Equity is higher and debt is lower.
IMMODEL has no parent and no holdings in its annual accounts. IMMODEL shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue du Brisqué (Gondre) 15 registered office 7830 Silly | ||
| IMMODEL SA Rue Grégoire Wincqz 4, 7060 Soignies 64210 Activities of holding companies | 02-12-1993 | 2.064.458.720 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55040B0042/00N000 | 230 m² | 1 · 64 m² | 12.3 m · 3 |
| 51026A0356/00F000 | 81 m² | 1 · 351 m² | 11.2 m · 2 |
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