Equity
Equity rose in 2024 from €24,048 to €158,197.
In July 2024, 31,386 companies had the same profile as IMMODEL has now. Each dot stands for 79 companies, two years later.
Another 0.1% 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 31,386 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 €10,161 in 2007 to €183,049 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 13 November 2026.
| Line | Trend | 2024 | 31-12-202311 months | 31-01-2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
208,522 | 26,862 | 35,807 | 32,362 | 50,279 | 47,332 | 64,314 | 67,605 | 60,073 | 70,954 | 73,793 | 80,025 | 87,185 | 91,732 | 95,460 | 102,341 | |
20 |
0 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | |
21/28 |
0 | 21,547 | 26,217 | 27,519 | 36,964 | 41,686 | 46,409 | 51,131 | 55,854 | 60,576 | 65,298 | 70,021 | 74,743 | 79,465 | 84,188 | 98,355 | |
22/27 |
0 | 21,547 | 26,217 | 27,519 | 36,964 | 41,686 | 46,409 | 51,131 | 55,854 | 60,576 | 65,298 | 70,021 | 74,743 | 79,465 | 84,188 | 98,355 | |
22 |
0 | 18,468 | 22,797 | 27,519 | 36,964 | 41,686 | 46,409 | 51,131 | 55,854 | 60,576 | 65,298 | 70,021 | 74,743 | 79,465 | 84,188 | 98,355 | |
23 |
0 | 3,079 | 3,420 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | |
29/58 |
208,522 | 5,315 | 9,590 | 4,843 | 13,315 | 5,646 | 17,905 | 16,474 | 4,219 | 10,378 | 8,494 | 10,005 | 12,442 | 12,266 | 11,272 | 3,986 | |
40/41 |
194,538 | 5,238 | 8,797 | 62 | 13,309 | 5,646 | 17,905 | 14,291 | 3,067 | 9,525 | 7,689 | 7,738 | 11,088 | 11,002 | 9,124 | 3,151 | |
40 |
0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
41 |
194,538 | 5,238 | 8,797 | 62 | 13,309 | 5,646 | 17,905 | 14,291 | 3,067 | 9,525 | 7,689 | 7,738 | 11,088 | 11,002 | 9,124 | 3,151 | |
54/58 |
13,984 | 77 | 793 | 4,781 | 6 | 0 | 0 | 2,183 | 1,152 | 853 | 806 | 2,267 | 1,354 | 1,265 | 2,148 | 835 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
208,522 | 26,862 | 35,807 | 32,362 | 50,279 | 47,332 | 64,314 | 67,605 | 60,073 | 70,954 | 73,793 | 80,025 | 87,185 | 91,732 | 95,460 | 102,341 | |
10/15 |
158,197 | 24,048 | 32,993 | 26,124 | 30,025 | 26,121 | 35,087 | 37,169 | 47,557 | 48,471 | 43,015 | 38,300 | 29,105 | 27,870 | 22,225 | 12,958 | |
10/11 |
6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | 6,197 | |
100 |
- | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
101 |
- | - | - | - | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | 12,395 | |
13 |
173,442 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 32,102 | 22,908 | 21,673 | 16,028 | 6,761 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1311 |
1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
141,340 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 30,243 | 21,049 | 19,813 | 14,169 | 4,901 | |
14 |
-21,442 | -14,252 | -5,307 | -12,176 | -8,274 | -12,178 | -3,213 | -1,131 | 9,257 | 10,172 | 4,715 | - | - | - | - | - | |
16 |
47,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
168 |
47,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
17/49 |
3,212 | 2,814 | 2,814 | 6,238 | 20,254 | 21,211 | 29,227 | 30,436 | 12,516 | 22,483 | 30,778 | 41,725 | 58,080 | 63,862 | 73,235 | 89,383 | |
17 |
- | - | - | - | 1,705 | 8,825 | 14,527 | 20,426 | - | - | 0 | 3,692 | 14,282 | 24,177 | 33,424 | 57,680 | |
170/4 |
- | - | - | - | 1,705 | 8,825 | 14,527 | 20,426 | - | - | 0 | 3,692 | 14,282 | 24,177 | 33,424 | 57,680 | |
42/48 |
2,814 | 2,814 | 2,814 | 6,238 | 18,549 | 10,602 | 10,491 | 8,227 | 5,016 | 17,483 | 28,278 | 38,033 | 42,298 | 39,684 | 38,311 | 31,703 | |
42 |
- | - | - | - | 6,661 | 5,702 | 6,474 | 5,583 | - | 0 | 3,692 | 10,590 | 9,895 | 9,246 | 8,640 | 7,049 | |
43 |
- | - | - | - | - | 0 | 12 | - | - | 0 | 0 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | 0 | 12 | - | - | 0 | 0 | - | - | - | - | - | |
44 |
47 | 47 | 47 | 1,712 | 6,982 | 226 | 1,453 | 661 | 825 | 3,162 | 3,016 | 1,095 | 2,465 | 3,153 | 2,215 | 3,149 | |
440/4 |
47 | 47 | 47 | 1,712 | 6,982 | 226 | 1,453 | 661 | 825 | 3,162 | 3,016 | 1,095 | 2,465 | 3,153 | 2,215 | 3,149 | |
45 |
2,767 | 2,767 | 2,767 | 2,026 | 2,406 | 2,175 | 1,053 | 1,983 | 4,191 | 4,191 | 7,607 | 10,506 | 7,506 | 7,500 | 4,000 | 1,105 | |
450/3 |
2,767 | 2,767 | 2,767 | 2,026 | 2,406 | 2,175 | 1,053 | 1,983 | 4,191 | 4,191 | 7,607 | 10,506 | 7,506 | 7,500 | 4,000 | 1,105 | |
47/48 |
0 | - | 0 | 2,500 | 2,500 | 2,500 | 1,500 | - | 0 | 10,129 | 13,962 | 15,842 | 22,431 | 19,785 | 23,456 | 20,400 | |
492/3 |
397 | - | - | - | 0 | 1,783 | 4,209 | 1,783 | 7,500 | 5,000 | 2,500 | - | 1,500 | - | 1,500 | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | 0 | 18,836 | - | - | - | - | - | - | - | - | - | - | |
9900 |
183,049 | -2,307 | 14,206 | 3,126 | 13,085 | 11,004 | 11,999 | 11,854 | 12,951 | 13,053 | 11,260 | 21,610 | 9,131 | 17,626 | 14,276 | 10,161 | |
60/61 |
- | - | - | - | 0 | 7,832 | - | - | - | - | - | - | - | - | - | - | |
630 |
- | 4,670 | 5,028 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | |
640/8 |
1,433 | 1,322 | 1,257 | 1,227 | 1,361 | 1,176 | 1,152 | 1,130 | 1,124 | 1,124 | 1,107 | 1,016 | 982 | 961 | 961 | 1,247 | |
66A |
- | - | - | - | - | - | - | - | 7,627 | - | - | - | - | - | - | - | |
9901 |
181,616 | -8,299 | 7,921 | -2,823 | 7,002 | 5,105 | 6,125 | 6,002 | 7,105 | 7,207 | 5,430 | 15,871 | 3,427 | 11,943 | 8,592 | 4,192 | |
75/76B |
- | - | - | 243 | - | - | - | - | - | 0 | - | - | - | - | - | - | |
75 |
- | - | - | 243 | - | - | - | - | - | 0 | - | - | - | - | - | - | |
65/66B |
353 | 646 | 311 | 333 | 1,815 | 1,550 | 1,637 | 1,853 | 393 | 382 | 848 | 1,542 | 2,185 | 2,798 | 3,362 | 5,250 | |
65 |
353 | 646 | 311 | 333 | 1,815 | 1,550 | 1,637 | 1,853 | 393 | 382 | 848 | 1,542 | 2,185 | 2,798 | 3,362 | 5,250 | |
9903 |
181,263 | -8,945 | 7,610 | -2,913 | 5,188 | 3,555 | 4,488 | 4,149 | -914 | 6,825 | 4,582 | 14,329 | 1,242 | 9,145 | 5,230 | -1,058 | |
680 |
47,113 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
- | - | 741 | - | 1,284 | 12,520 | 6,570 | 14,537 | - | 1,368 | -133 | 5,134 | 6 | 3,500 | 1,800 | 145 | |
9904 |
134,149 | -8,945 | 6,869 | -2,913 | 3,904 | -8,966 | -2,082 | -10,388 | -914 | 5,457 | 4,715 | 9,194 | 1,235 | 5,645 | 3,430 | -1,204 | |
689 |
141,340 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9905 |
-7,190 | -8,945 | 6,869 | -2,913 | 3,904 | -8,966 | -2,082 | -10,388 | -914 | 5,457 | 4,715 | 9,194 | 1,235 | 5,645 | 3,430 | -1,204 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-21,442 | -14,252 | -5,307 | -12,176 | -8,274 | -12,178 | -3,213 | -1,131 | 9,257 | 10,172 | 4,715 | 9,194 | 1,235 | 5,645 | 3,430 | -1,204 | |
14P |
-14,252 | -5,307 | -12,176 | -9,263 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,204 | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 9,194 | 1,235 | 5,645 | 3,430 | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | 9,194 | 1,235 | 5,645 | 3,430 | - | |
| Document | |||||||||||||||||
The accounts for 10 older financial years (1994-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 18-07-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 18-07-2025 | 2025-00285035 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00495487 | |
| 31-01-2023 | micro format | 09-10-2023 | 2023-00477720 | |
| 31-01-2022 | micro format | 18-07-2022 | 2022-20193565 | |
| 31-01-2020 | micro format | 30-10-2020 | 2020-66700081 | |
| 31-01-2019 | micro format | 31-08-2019 | 2019-63500010 | |
| 31-01-2018 | micro format | 31-08-2018 | 2018-61400059 | |
| 31-01-2017 | micro format | 09-08-2017 | 2017-43000568 | |
| 31-01-2016 | full format | 01-08-2016 | 2016-38400295 | |
| 31-01-2015 | full format | 20-04-2016 | 2016-10300096 | |
| 31-01-2014 | full format | 20-04-2016 | 2016-10300095 | |
| 31-01-2013 | full format | 12-11-2013 | 2013-66100457 | |
| 31-01-2012 | full format | 07-10-2013 | 2013-62900468 | |
| 31-01-2011 | full format | 18-09-2013 | 2013-58800191 | |
| 31-01-2010 | full format | 10-05-2011 | 2011-11200537 | |
| 31-01-2007 | full format | 23-08-2007 | 2007-60600292 | |
| 31-01-2006 | full format | 25-09-2006 | 2006-79505180 | |
| 31-01-2005 | full format | 20-02-2006 | 2006-05303347 | |
| 31-01-2002 | full format | 14-03-2003 | 2003-07204783 | |
| 31-01-2001 | full format | 09-01-2002 | 2002-00703416 | |
| 31-01-2000 | full format | 09-01-2002 | 2002-00703401 | |
| 31-01-1999 | full format | 26-10-2000 | 2000-68505082 | |
| 31-01-1998 | full format | 21-09-1998 | 1998-48005354 | |
| 31-12-1996 | full format | 30-09-1997 | 1997-46404388 | |
| 31-12-1995 | full format | 26-11-1996 | 1996-51800267 | |
| 31-12-1994 | full format | 28-11-1995 | 1995-58302534 |
| Line | Trend | 2024 | 31-12-202311 months | 31-01-2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | -3,629 | 12,949 | 1,899 | 11,725 | 9,827 | 10,847 | 10,724 | 11,827 | 11,929 | 10,152 | 20,593 | 8,149 | 16,665 | 13,314 | 8,914 | ||
| - | -4,274 | 11,897 | 1,809 | 8,626 | -4,243 | 2,640 | -5,666 | 3,808 | 10,179 | 9,437 | 13,917 | 5,958 | 10,367 | 8,152 | 3,519 | ||
| - | 0 | 3,727 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | ||
| 13,907 | -715 | -3,988 | - | 6 | 0 | -2,183 | 1,031 | 299 | 47 | -1,461 | 913 | 90 | -883 | - | - | ||
| 205,708 | 2,501 | 6,775 | -1,396 | -5,234 | -4,957 | 7,414 | 8,247 | -797 | -7,105 | -19,784 | -28,029 | -29,856 | -27,418 | -27,039 | -27,717 | ||
| - | - | - | - | - | 27.1% | - | - | - | - | - | - | - | - | - | - | ||
| 75.9% | 89.5% | 92.1% | 80.7% | 59.7% | 55.2% | 54.6% | 55.0% | 79.2% | 68.3% | 58.3% | 47.9% | 33.4% | 30.4% | 23.3% | 12.7% | ||
| 74.09 | 1.89 | 3.41 | 0.78 | 0.72 | 0.53 | 1.71 | 2.00 | 0.84 | 0.59 | 0.30 | 0.26 | 0.29 | 0.31 | 0.29 | 0.13 | ||
| 0.02 | 0.12 | 0.09 | 0.24 | 0.67 | 0.81 | 0.83 | 0.82 | 0.26 | 0.46 | 0.72 | 1.09 | 2.00 | 2.29 | 3.30 | 6.90 | ||
| 84.8% | -37.2% | 20.8% | -11.2% | 13.0% | -34.3% | -5.9% | -27.9% | -1.9% | 11.3% | 11.0% | 24.0% | 4.2% | 20.3% | 15.4% | -9.3% | ||
| 64.3% | -33.3% | 19.2% | -9.0% | 7.8% | -18.9% | -3.2% | -15.4% | -1.5% | 7.7% | 6.4% | 11.5% | 1.4% | 6.2% | 3.6% | -1.2% | ||
| - | -5.62 | 41.69 | 5.70 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 109 days | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 11 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 | 2024 | 2023 | 31-01-2023 | 31-01-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €3,727 | - |
| - | €4,670 | €5,028 | €4,722 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Several financial years end in the same calendar year, so there is no annual trend.
Debt's share of the balance-sheet total falls from 10.5% to 1.5%. Equity and debt are higher.
IMMODEL has no parent and no holdings in its annual accounts. is the only director.
via , no longer at · Director · deed of 30-03-2018 |
founded in 2016 |
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 François Lapierre 38 registered office 4620 Fléron | ||
| Avenue des Martyrs 284 4620 Fléron 68201 Renting and operating of own or leased residential real estate, excluding social housing | 31-03-1994 | 2.066.235.503 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62038A0474/00F000 | 3,635 m² | 1 · 94 m² | 10.9 m · 3 |
| 62038B0150/00N003 | 70 m² | 1 · 47 m² | 11.1 m · 3 |
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