IMMODEL
ActiveSummary
IMMODEL has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €11.7m and a net result of €203,764. Equity remains stable across the filed financial years (±2.3% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2026, full format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€203,764▼ 23.2%
2025 · €265,430
Working capital
€633,159▲ 47.5%
2025 · €429,395
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 8 financial years
The operating result stays negative: a loss of €7,400 in 2026 against €6,145 in 2025; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.007m
2026
Net result€0.2m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11.7m
2026
Equity€11.7m
2026
Debt€0.01m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.6m
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020222023202420252026
Operating result-€0.01m--€0.007m▲ 28.7%-€0.01m▼ 51.7%-€0.02m--€0.01m▲ 7.6%-€0.003m▲ 80.5%-€0.006m▼ 120%-€0.007m▼ 20.4%
Net result€0.3m-€0.3m▲ 12.1%€0.3m▼ 1.8%€0.4m-€0.3m▼ 21.6%€0.2m▼ 25.4%€0.3m▲ 13.2%€0.2m▼ 23.2%
Equity€9.7m-€10.0m▲ 3.0%€10.3m▲ 2.9%€10.7m-€11.0m▲ 2.9%€11.3m▲ 2.1%€11.5m▲ 2.4%€11.7m▲ 1.8%
Total assets€10.0m-€10.2m▲ 2.7%€10.5m▲ 3.1%€10.8m-€11.2m▲ 3.9%€11.6m▲ 3.0%€11.6m▲ 0.5%€11.7m▲ 1.0%
Debt€0.2m-€0.2m▼ 11.7%€0.2m▲ 12.9%€0.1m-€0.2m▲ 102%€0.3m▲ 46.6%€0.1m▼ 67.7%€0.01m▼ 85.6%
Working capital-€0.2m--€0.2m▲ 11.8%-€0.2m▼ 12.9%-€0.09m--€0.2m▼ 140%-€0.2m▼ 2.1%€0.4m€0.6m▲ 47.5%
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €11.7m
Fixed assets
€11.1m =
Current assets
€647,614 ▲ 22.2%
Equity and liabilities €11.7m
Equity
€11.7m ▲ 1.8%
Debt
€14,456 ▼ 85.6%
Debt's share of the balance-sheet total falls from 0.9% to 0.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
44.80▲
2025 · 5.26
Debt to equity
0.00▼
2025 · 0.01
ROE
1.7%▼
2025 · 2.3%
ROA
1.7%▼
2025 · 2.3%
Debt ≤ 1 year
€14,456▼
2025 · €100,700
Income taxes
€73,114▼
2025 · €96,493
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating charges60/66A | - | - | - | €15,539 | €14,357 | €2,794 | €6,145 | €7,400 | ▲ 20.4% |
| Services and other goods61 | - | - | - | €15,539 | €14,357 | €2,794 | €6,145 | €7,400 | ▲ 20.4% |
| Operating profit (loss)9901 | -€9,643 | -€6,880 | -€10,433 | -€15,539 | -€14,357 | -€2,794 | -€6,145 | -€7,400 | ▼ 20.4% |
| Financial income75/76B | - | - | - | €525,304 | €434,410 | €373,709 | €373,634 | €284,538 | ▼ 23.8% |
| Recurring financial income75 | €382,246 | €392,941 | €405,912 | €525,304 | €434,410 | €373,709 | €373,634 | €284,538 | ▼ 23.8% |
| Income from financial fixed assets750 | - | - | - | €525,304 | €434,410 | €373,709 | €373,634 | €284,538 | ▼ 23.8% |
| Financial charges65/66B | - | - | - | €3,624 | €554 | €720 | €5,566 | €260 | ▼ 95.3% |
| Recurring financial charges65 | €399 | €321 | €3,188 | €3,624 | €554 | €720 | €5,566 | €260 | ▼ 95.3% |
| Debt charges650 | - | €2 | €2,267 | €3,138 | - | €2 | €4,584 | €3 | ▼ 99.9% |
| Other financial charges652/9 | - | - | - | €486 | €554 | €718 | €981 | €257 | ▼ 73.8% |
| Profit (loss) for the period before taxes9903 | €372,204 | €385,741 | €392,290 | €506,141 | €419,499 | €370,194 | €361,924 | €276,878 | ▼ 23.5% |
| Income taxes67/77 | €111,299 | €93,214 | €105,000 | €105,000 | €105,000 | €135,723 | €96,493 | €73,114 | ▼ 24.2% |
| Taxes670/3 | - | - | - | €105,000 | €105,000 | €135,723 | €96,493 | €73,114 | ▼ 24.2% |
| Profit (loss) for the period9904 | €260,905 | €292,527 | €287,290 | €401,141 | €314,499 | €234,472 | €265,430 | €203,764 | ▼ 23.2% |
| Profit (loss) for the period to be appropriated9905 | €260,905 | €292,527 | €287,290 | €401,141 | €314,499 | €234,472 | €265,430 | €203,764 | ▼ 23.2% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10.0m | €10.2m | €10.5m | €10.8m | €11.2m | €11.6m | €11.6m | €11.7m | ▲ 1.0% |
| Fixed assets21/28 | €10.0m | €10.2m | €10.5m | €10.8m | €11.2m | €11.5m | €11.1m | €11.1m | = |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Other tangible fixed assets26 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Financial fixed assets28 | €9.2m | €9.5m | €9.8m | €10.1m | €10.5m | €10.8m | €10.4m | €10.4m | = |
| Affiliated companies280/1 | - | - | - | €10.1m | €10.5m | €10.8m | €10.4m | €10.4m | = |
| Amounts receivable281 | - | - | - | €10.1m | €10.5m | €10.8m | €10.4m | €10.4m | = |
| Current assets29/58 | €0.003m | €0.003m | €0.003m | €0.02m | €0.007m | €0.1m | €0.5m | €0.6m | ▲ 22.2% |
| Amounts receivable after more than one year29 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Trade receivables290 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Amounts receivable within one year40/41 | €300 | €300 | €300 | €328 | €343 | €362 | €0.5m | €0.6m | ▲ 22.5% |
| Other amounts receivable41 | - | - | - | €328 | €343 | €362 | €0.5m | €0.6m | ▲ 22.5% |
| Current investments50/53 | €401 | €400 | €400 | €400 | €400 | €400 | €400 | €400 | = |
| Other investments51/53 | - | - | - | €400 | €400 | €400 | €400 | €400 | = |
| Cash at bank and in hand54/58 | €0.001m | €0.001m | €0.001m | €0.02m | €0.005m | €0.1m | €0 | €0 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10.0m | €10.2m | €10.5m | €10.8m | €11.2m | €11.6m | €11.6m | €11.7m | ▲ 1.0% |
| Equity10/15 | €9.7m | €10.0m | €10.3m | €10.7m | €11.0m | €11.3m | €11.5m | €11.7m | ▲ 1.8% |
| Contributions10/11 | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Capital10 | - | - | - | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Issued capital100 | - | - | - | €7.1m | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Reserves13 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 4.2% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 4.2% |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 4.2% |
| Profit (loss) carried forward14 | €2.5m | €2.8m | €3.0m | €3.4m | €3.7m | €3.9m | €4.2m | €4.4m | ▲ 4.6% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.1m | €0.01m | ▼ 85.6% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.1m | €0.01m | ▼ 85.6% |
| Trade debts44 | €0.007m | €0.004m | €0.008m | €167 | €0.002m | €0.002m | €0.004m | €0.003m | ▼ 18.3% |
| Suppliers440/4 | - | - | - | €167 | €0.002m | €0.002m | €0.004m | €0.003m | ▼ 18.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.1m | €0.1m | €0.01m | ▼ 88.4% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.1m | €0.1m | €0.01m | ▼ 88.4% |
| Remuneration and social security454/9 | - | - | - | - | - | €10 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.2m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €260,905 | €292,527 | €287,290 | €401,141 | €314,499 | €234,472 | €265,430 | €203,764 | ▼ 23.2% |
| Operating cash flow (approximation) | €260,905 | €292,527 | €287,290 | €401,141 | €314,499 | €234,472 | €265,430 | €203,764 | ▼ 23.2% |
| Investment in fixed assets (approximation) | - | -€264,891 | -€313,912 | - | -€434,410 | -€238,709 | €373,779 | €0 | ▼ 100% |
| Change in cash | - | €115 | €353 | - | -€12,686 | €94,894 | -€99,988 | €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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | full format | 15-10-2026 | 2026-00561291 |
| 31-03-2025 | full format | 08-10-2025 | 2025-00539229 |
| 31-03-2024 | full format | 31-10-2024 | 2024-00530723 |
| 31-03-2023 | full format | 20-09-2023 | 2023-00451705 |
| 31-03-2022 | full format | 25-10-2022 | 2022-20479935 |
| 31-12-2020 | full format | 25-08-2021 | 2021-53800176 |
| 31-12-2019 | full format | 05-08-2020 | 2020-39400288 |
| 31-12-2018 | full format | 03-07-2019 | 2019-29000068 |
| 31-12-2017 | full format | 06-07-2018 | 2018-29600470 |
| 31-12-2016 | full format | 30-06-2017 | 2017-26400395 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.