IMMODEM
ActiveSummary
IMMODEM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €449k and a net result of €25k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 95% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 12.26 against 9.37 in 2023; short-term debt: 7% and cash: 9.6% of total assets), and 7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
93%
Return on assets
5.1%
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 07-08-2025, 7 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
7 d late
2023
13 d early
2022
on the day
2021
79 d late
2020
31 d late
2019
131 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€449k▲ 5.8%
2023 · €424k
2018: €606khighest in 7 years
2019: €503k▼ -17.0% vs 2018
2020: €406k▼ -19.2% vs 2019lowest in 7 years
2021: €412k▲ +1.4% vs 2020
2022: €416k▲ +0.9% vs 2021
2023: €424k▲ +2.0% vs 2022
2024: €449k▲ +5.8% vs 2023
2018 → 2024
Total assets
€483k▲ 3.7%
2023 · €466k
2018: €1.07Mhighest in 7 years
2019: €503k▼ -53.0% vs 2018
2020: €460k▼ -8.7% vs 2019lowest in 7 years
2021: €465k▲ +1.2% vs 2020
2022: €466k▲ +0.1% vs 2021
2023: €466k● -0.0% vs 2022
2024: €483k▲ +3.7% vs 2023
2018 → 2024
Net result
€25k▲ 190%
2023 · €8k
2018: €28k
2019: €97k▲ +242% vs 2018highest in 7 years
2020: €73k▼ -24.4% vs 2019
2021: €6k▼ -92.3% vs 2020
2022: €4k▼ -34.5% vs 2021lowest in 7 years
2023: €8k▲ +130% vs 2022
2024: €25k▲ +190% vs 2023
2018 → 2024
Working capital
€381k▲ 9.9%
2023 · €346k
2018: €515khighest in 7 years
2019: €417k▼ -19.1% vs 2018
2020: €298k▼ -28.4% vs 2019lowest in 7 years
2021: €314k▲ +5.3% vs 2020
2022: €328k▲ +4.4% vs 2021
2023: €346k▲ +5.6% vs 2022
2024: €381k▲ +9.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€406k-€412k▲ 1.4%€416k▲ 0.9%€424k▲ 2.0%€449k▲ 5.8%
2020: €406klowest in 5 years
2021: €412k▲ +1.4% vs 2020
2022: €416k▲ +0.9% vs 2021
2023: €424k▲ +2.0% vs 2022
2024: €449k▲ +5.8% vs 2023highest in 5 years
Operating result€72k-€4k▼ 94.5%€3k▼ 25.9%€8k▲ 177%€29k▲ 256%
2020: €72khighest in 5 years
2021: €4k▼ -94.5% vs 2020
2022: €3k▼ -25.9% vs 2021lowest in 5 years
2023: €8k▲ +177% vs 2022
2024: €29k▲ +256% vs 2023
Net result€73k-€6k▼ 92.3%€4k▼ 34.5%€8k▲ 130%€25k▲ 190%
2020: €73khighest in 5 years
2021: €6k▼ -92.3% vs 2020
2022: €4k▼ -34.5% vs 2021lowest in 5 years
2023: €8k▲ +130% vs 2022
2024: €25k▲ +190% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 256% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €483k
Fixed assets
€68k ▼ 12.5%
Current assets
€415k ▲ 6.9%
Equity and liabilities €483k
Equity
€449k ▲ 5.8%
Debt
€34k ▼ 18.3%
Debt's share of the balance-sheet total falls from 8.9% to 7.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2023 · €18k
Cash flow
€34k▲
2023 · €19k
Current ratio
12.26▲
2023 · 9.37
Debt to equity
0.08▼
2023 · 0.10
ROE
5.5%▲
2023 · 2.0%
ROA
5.1%▲
2023 · 1.8%
Interest coverage
194.16▲
2023 · 100.02
Debt ≤ 1 year
€34k▼
2023 · €41k
Income taxes
€9k▲
2023 · €2k
Staff costs
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€466k€483k▲
Fixed assets21/28€78k€68k▼
Tangible fixed assets22/27€78k€68k▼
Land and buildings22€78k€68k▼
Current assets29/58€388k€415k▲
Amounts receivable within one year40/41€205k€367k▲
Trade receivables40€23k€34k▲
Other amounts receivable41€182k€333k▲
Cash at bank and in hand54/58€182k€46k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€466k€483k▲
Equity10/15€424k€449k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€354k€362k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€348k€356k▲
Profit (loss) carried forward14€8k€25k▲
Amounts payable17/49€41k€34k▼
Amounts payable within one year42/48€41k€34k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€2k€3k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€39k€27k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€9k€3k▼
Non-recurring operating charges66A€10k-
Gross operating margin9900€37k€50k▲
Operating profit (loss)9901€8k€29k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€181€198▲
Recurring financial charges65€181€198▲
Profit (loss) for the period before taxes9903€10k€33k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€8k€25k▲
Profit (loss) for the period to be appropriated9905€8k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€188k€33k▼
Profit (loss) brought forward from the previous period14P€180k€8k▼
Transfer to equity691/2€180k€8k▼
To other reserves6921€180k€8k▼
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €10k | €10k | ▼ 2.7% |
| Other operating charges640/8 | - | €3k | €5k | €9k | €3k | ▼ 64.4% |
| Non-recurring operating charges66A | - | - | - | €10k | - | - |
| Gross operating margin9900 | €85k | €17k | €18k | €37k | €50k | ▲ 35.5% |
| Operating profit (loss)9901 | €72k | €4k | €3k | €8k | €29k | ▲ 256% |
| Financial income75/76B | - | €2k | €2k | €2k | €5k | ▲ 132% |
| Recurring financial income75 | €2k | €2k | €2k | €2k | €5k | ▲ 132% |
| Financial charges65/66B | - | €143 | €429 | €181 | €198 | ▲ 9.5% |
| Recurring financial charges65 | €128 | €143 | €429 | €181 | €198 | ▲ 9.5% |
| Profit (loss) for the period before taxes9903 | €74k | €6k | €5k | €10k | €33k | ▲ 234% |
| Income taxes67/77 | €343 | €320 | €870 | €2k | €9k | ▲ 483% |
| Profit (loss) for the period9904 | €73k | €6k | €4k | €8k | €25k | ▲ 190% |
| Profit (loss) for the period to be appropriated9905 | €73k | €6k | €4k | €8k | €25k | ▲ 190% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460k | €465k | €466k | €466k | €483k | ▲ 3.7% |
| Fixed assets21/28 | €108k | €98k | €88k | €78k | €68k | ▼ 12.5% |
| Tangible fixed assets22/27 | €108k | €98k | €88k | €78k | €68k | ▼ 12.5% |
| Land and buildings22 | - | €98k | €88k | €78k | €68k | ▼ 12.5% |
| Current assets29/58 | €352k | €367k | €378k | €388k | €415k | ▲ 6.9% |
| Stocks and contracts in progress3 | €10k | €10k | €10k | - | - | - |
| Stocks30/36 | - | €10k | €10k | - | - | - |
| Amounts receivable within one year40/41 | €248k | €252k | €209k | €205k | €367k | ▲ 79.2% |
| Trade receivables40 | - | €31k | €31k | €23k | €34k | ▲ 45.2% |
| Other amounts receivable41 | - | €221k | €179k | €182k | €333k | ▲ 83.6% |
| Cash at bank and in hand54/58 | €93k | €101k | €156k | €182k | €46k | ▼ 74.5% |
| Deferred charges and accrued income490/1 | - | €4k | €2k | €1k | €1k | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460k | €465k | €466k | €466k | €483k | ▲ 3.7% |
| Equity10/15 | €406k | €412k | €416k | €424k | €449k | ▲ 5.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €174k | €174k | €174k | €354k | €362k | ▲ 2.4% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €168k | €168k | €348k | €356k | ▲ 2.4% |
| Profit (loss) carried forward14 | €171k | €176k | €180k | €8k | €25k | ▲ 190% |
| Amounts payable17/49 | €53k | €53k | €50k | €41k | €34k | ▼ 18.3% |
| Amounts payable within one year42/48 | €53k | €53k | €50k | €41k | €34k | ▼ 18.3% |
| Trade debts44 | €89 | - | - | €1k | €2k | ▲ 99.8% |
| Suppliers440/4 | - | - | - | €1k | €2k | ▲ 99.8% |
| Taxes, remuneration and social security45 | - | €1k | €870 | €2k | €5k | ▲ 220% |
| Taxes450/3 | - | €1k | €870 | €2k | €3k | ▲ 132% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | - | €52k | €49k | €39k | €27k | ▼ 31.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €73k | €6k | €4k | €8k | €25k | ▲ 190% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €10k | €10k | ▼ 2.7% |
| Operating cash flow (approximation) | €83k | €16k | €14k | €19k | €34k | ▲ 85.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-10 | €0 | ▲ 100% |
| Change in cash | - | €8k | €55k | €25k | €-136k | ▼ 632% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €4k ▼34.5%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 131 days late
2019
31-12
Financial
Highest result since 2018net €97k ▲242%
Operating result €98k, net result €97k, both a record.
31-12
Financial
Liquidity times 414current ratio 871.51
Current ratio from 2.11 to 871.51; short-term debt falls from €466k to €479.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 64 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 144 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ternat · 1 establishment unit since 1991
Ground area
2.0 ha
Building footprint
1,805 m²
Volume, LiDAR
10,680 m³
Parcel 23086E0488/00F000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bodegemstraat 15-17, 1740 Ternat
since 19912.051.100.038
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086E0488/00F000 | Flanders | 2.0 ha | 1 · 1,805 m² | 9.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 523 EUR awarded · 523 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 191 EUR | 191 EUR |
| 2024 | 1 | 166 EUR | 332 EUR |
| 2023 | 1 | 166 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 9,652 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
Founded31-10-1990
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.