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IMMODEL

Active
Private limited companyfounded 199332 yrs activeRue François Lapierre 38, 4620 Fléron, BelgiumKBO/BCE: BE 0451.819.169
Summary

IMMODEL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €158,197 and a net result of €134,149. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 74.09 against 1.89 in 2023; short-term debt: 1.3% and cash: 6.7% of total assets), and 24.1% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 32 years 0 40 y
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
75.9%
Return on assets
64.3%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
192022232324
2019 to 2024 · latest year €158,197
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
13 d early
2023
68 d late
2023
39 d late
2022
44 d early
2020
60 d late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 18 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
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

On 10 December 1993, IMMODEL was incorporated.1 Total assets went from EUR 47,332 in 2019 to EUR 208,522 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€0▼ 100%
2019 · €18,836
EBIT margin
27.1%
Net result
€134,149
2023 · -€8,945
Working capital
€205,708▲ 8,125%
2023 · €2,501
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
Line20202022202320232024
Turnover€0▼ 100%
Operating result€7,002▲ 37.2%-€2,823-€7,921-€8,299-€181,616
Net result€3,904-€2,913-€6,869-€8,945-€134,149
EBIT margin
Equity€30,025▲ 14.9%€26,124-€32,993▲ 26.3%€24,048-€158,197▲ 558%
Total assets€50,279▲ 6.2%€32,362-€35,807▲ 10.6%€26,862-€208,522▲ 676%
Debt€20,254▼ 4.5%€6,238-€2,814▼ 54.9%€2,814-€3,212▲ 14.1%
Working capital-€5,234▼ 5.6%-€1,396-€6,775€2,501-€205,708▲ 8,125%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000€200,000Operating result 2020: €7,002€7,002Net result 2020: €3,904€3,904Operating result 2022: -€2,823-€2,823Net result 2022: -€2,913-€2,913Operating result 2023: €7,921€7,921Net result 2023: €6,869€6,869Operating result 2023: -€8,299-€8,299Net result 2023: -€8,945-€8,945Operating result 2024: €181,616€181,616Net result 2024: €134,149€134,14920202022202320232024-€50,000€0€50,000€100,000€150,000€200,000Operating result 2023: €7,921€7,920Net result 2023: €6,869€6,870Operating result 2023: -€8,299-€8,300Net result 2023: -€8,945-€8,940Operating result 2024: €181,616€182,000Net result 2024: €134,149€134,000202320232024
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €208,522
Equity €158,197 ▲ 558%
Provisions €47,113
Debt €3,212 ▲ 14.1%
Debt's share of the balance-sheet total falls from 10.5% to 1.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Current ratio
74.09▲
2023 · 1.89
Debt to equity
0.02▼
2023 · 0.12
ROE
84.8%▲
2023 · -37.2%
ROA
64.3%▲
2023 · -33.3%
Debt ≤ 1 year
€2,814=
2023 · €2,814
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.8% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 · 2024 against 2023 · 43 lines
Balance sheet Code20232024
Assets
Total assets20/58€26,862€208,522▲
Formation expenses20-€0
Fixed assets21/28€21,547€0▼
Tangible fixed assets22/27€21,547€0▼
Land and buildings22€18,468€0▼
Plant, machinery and equipment23€3,079€0▼
Current assets29/58€5,315€208,522▲
Amounts receivable within one year40/41€5,238€194,538▲
Trade receivables40-€0
Other amounts receivable41€5,238€194,538▲
Cash at bank and in hand54/58€77€13,984▲
Equity and liabilities
Total equity and liabilities10/49€26,862€208,522▲
Equity10/15€24,048€158,197▲
Contributions10/11€6,197€6,197=
Reserves13€32,102€173,442▲
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Tax-exempt reserves132-€141,340
Distributable reserves133€30,243€30,243=
Profit (loss) carried forward14-€14,252-€21,442▼
Provisions and deferred taxes16-€47,113
Deferred taxes168-€47,113
Amounts payable17/49€2,814€3,212▲
Amounts payable within one year42/48€2,814€2,814=
Trade debts44€47€47=
Suppliers440/4€47€47=
Taxes, remuneration and social security45€2,767€2,767=
Taxes450/3€2,767€2,767=
Other amounts payable47/48-€0
Accrued charges and deferred income492/3-€397
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,670-
Other operating charges640/8€1,322€1,433▲
Gross operating margin9900-€2,307€183,049▲
Operating profit (loss)9901-€8,299€181,616▲
Financial charges65/66B€646€353▼
Recurring financial charges65€646€353▼
Profit (loss) for the period before taxes9903-€8,945€181,263▲
Transfer to deferred taxes680-€47,113
Profit (loss) for the period9904-€8,945€134,149▲
Transfer to tax-exempt reserves689-€141,340
Profit (loss) for the period to be appropriated9905-€8,945-€7,190▲
Appropriation of the result
Profit (loss) to be appropriated9906-€14,252-€21,442▼
Profit (loss) brought forward from the previous period14P-€5,307-€14,252▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202022202320232024Change
Turnover70€0-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,722€4,722€5,028€4,670--
Other operating charges640/8-€1,227€1,257€1,322€1,433▲ 8.5%
Gross operating margin9900€13,085€3,126€14,206-€2,307€183,049▲ 8,035%
Operating profit (loss)9901€7,002-€2,823€7,921-€8,299€181,616▲ 2,288%
Financial income75/76B-€243----
Recurring financial income75-€243----
Financial charges65/66B-€333€311€646€353▼ 45.3%
Recurring financial charges65€1,815€333€311€646€353▼ 45.3%
Profit (loss) for the period before taxes9903€5,188-€2,913€7,610-€8,945€181,263▲ 2,126%
Transfer to deferred taxes680----€47,113-
Income taxes67/77€1,284-€741---
Profit (loss) for the period9904€3,904-€2,913€6,869-€8,945€134,149▲ 1,600%
Transfer to tax-exempt reserves689----€141,340-
Profit (loss) for the period to be appropriated9905€3,904-€2,913€6,869-€8,945-€7,190▲ 19.6%
Line20202022202320232024Change
Assets
Total assets20/58€50,279€32,362€35,807€26,862€208,522▲ 676%
Formation expenses20€0€0€0-€0-
Fixed assets21/28€36,964€27,519€26,217€21,547€0▼ 100%
Tangible fixed assets22/27€36,964€27,519€26,217€21,547€0▼ 100%
Land and buildings22-€27,519€22,797€18,468€0▼ 100%
Plant, machinery and equipment23-€0€3,420€3,079€0▼ 100%
Current assets29/58€13,315€4,843€9,590€5,315€208,522▲ 3,823%
Amounts receivable within one year40/41€13,309€62€8,797€5,238€194,538▲ 3,614%
Trade receivables40----€0-
Other amounts receivable41-€62€8,797€5,238€194,538▲ 3,614%
Cash at bank and in hand54/58€6€4,781€793€77€13,984▲ 17,967%
Equity and liabilities
Total equity and liabilities10/49€50,279€32,362€35,807€26,862€208,522▲ 676%
Equity10/15€30,025€26,124€32,993€24,048€158,197▲ 558%
Contributions10/11€6,197€6,197€6,197€6,197€6,197=
Reserves13€32,102€32,102€32,102€32,102€173,442▲ 440%
Non-distributable reserves130/1-€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311-€1,859€1,859€1,859€1,859=
Tax-exempt reserves132----€141,340-
Distributable reserves133-€30,243€30,243€30,243€30,243=
Profit (loss) carried forward14-€8,274-€12,176-€5,307-€14,252-€21,442▼ 50.5%
Provisions and deferred taxes16----€47,113-
Deferred taxes168----€47,113-
Amounts payable17/49€20,254€6,238€2,814€2,814€3,212▲ 14.1%
Amounts payable after more than one year17€1,705-----
Amounts payable within one year42/48€18,549€6,238€2,814€2,814€2,814=
Trade debts44€6,982€1,712€47€47€47=
Suppliers440/4-€1,712€47€47€47=
Taxes, remuneration and social security45-€2,026€2,767€2,767€2,767=
Taxes450/3-€2,026€2,767€2,767€2,767=
Other amounts payable47/48-€2,500€0-€0-
Accrued charges and deferred income492/3----€397-
Line20202022202320232024Change
Profit (loss) for the period9904€3,904-€2,913€6,869-€8,945€134,149▲ 1,600%
+ Depreciation and write-downs630€4,722€4,722€5,028€4,670--
Operating cash flow (approximation)€8,626€1,809€11,897-€4,274€134,149▲ 3,239%
Investment in fixed assets (approximation)---€3,727-€21,547-
Change in cash---€3,988-€13,907-

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

2025
18-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €134,149
Net result €134,149 after one loss-making year.
31-12
Financial Liquidity times 39current ratio 74.09
Current ratio from 1.89 to 74.09.
31-12
Financial Equity above €150,000Eq €158,197 ▲558%
Equity rises from €24,048 to €158,197.
07-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
09-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 39 days late
31-01
Financial Back to profitnet €6,869
Net result €6,869 after one loss-making year.
31-01
Financial Liquidity quadruplescurrent ratio 3.41
Current ratio from 0.78 to 3.41; short-term debt falls from €6,238 to €2,814.
2022
18-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2020
30-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
31-01
Financial Back to profitnet €3,904
Net result €3,904 after one loss-making year.
2019
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
09-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
01-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema
20-04
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 233 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Fléron · 1 establishment unit since 1994
seat establishment The establishment unit on the map
Ground area
3,705 m²
Building footprint
140 m²
Volume, LiDAR
1,383 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Avenue des Martyrs 284, 4620 Fléron
NACE 70201
since 19942.066.235.503
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62038A0474/00F000 Wallonia 3,635 m² 1 · 94 m² 10.9 m · 3 fl.
62038B0150/00N003 Wallonia 70 m² 1 · 47 m² 11.1 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded10-12-1993
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.