Immodeno
ActiveImmodeno has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.09M and a net result of €212k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 41% of 42 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
81
/ 100
Excellent▲ +36 vs 2025
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability97▲+97
Solvency47▲+3
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 5.59 against 4.27 in 2025), but 80.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2026Solvency, return and age of the figures
Solvency
19.9%
Return on assets
3.9%
Age of the figures
7 mo
neutral · Latest accounts filed on time
The financial year that closed on 28-02-2026 was due by 30-09-2026 and was filed on 10-07-2026, 82 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
82 d early
2025
96 d early
2024
115 d early
2023
79 d early
2022
63 d early
2021
69 d early
2020
68 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 28-02-2027 and is due by 30-09-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today28-02-2027 close30-09-2027 deadline
Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€212k
2025 · €-2k
2019: €83k
2020: €-13k
2021: €11k
2022: €60k
2023: €24k
2024: €20k
2025: €-2k
2019 → 2026
Working capital
€1.61M▲ 55.1%
2025 · €1.03M
2019: €18k
2020: €81k
2021: €129k
2022: €178k
2023: €82k
2024: €1.22M
2025: €1.03M
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€838k-€862k▲ 2.9%€882k▲ 2.4%€880k▼ 0.2%€1.09M▲ 24.1%
Operating result€146k-€99k▼ 31.7%€106k▲ 6.9%€90k▼ 15.7%€368k▲ 310%
Net result€60k-€24k▼ 60.2%€20k▼ 15.2%€-2k€212k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 310% above 2025 and is the highest year so far.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €5.49M
Fixed assets
€3.53M▼ 11.7%
Current assets
€1.96M▲ 44.7%
Equity and liabilities €5.49M
Equity
€1.09M▲ 24.1%
Provisions
€72k▲ 384%
Debt
€4.33M▼ 3.0%
The debt ratio falls from 83.3% to 78.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€600k▲
2025 · €329k
Cash flow
€444k▲
2025 · €237k
Solvency
19.9%▲
2025 · 16.4%
Current ratio
5.59▲
2025 · 4.27
Quick ratio
5.59▲
2025 · 4.27
Debt / equity
3.96▼
2025 · 5.07
ROE
19.4%▲
2025 · -0.2%
ROA
3.9%▲
2025 · 0.0%
Interest coverage
5.36▲
2025 · 2.78
Debt
€4.33M▼
2025 · €4.46M
Debt ≤ 1 year
€350k▲
2025 · €316k
Debt > 1 year
€2.52M▼
2025 · €2.58M
Income taxes
€19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2026 against 2025
Balance sheet
Code20252026
Assets
Total assets20/58€5.36M€5.49M▲
Fixed assets21/28€4.01M€3.53M▼
Tangible fixed assets22/27€4.01M€3.53M▼
Land and buildings22€2.39M€1.98M▼
Plant, machinery and equipment23€54k€43k▼
Furniture and vehicles24-€65k
Leasing and similar rights25€1.56M€1.45M▼
Current assets29/58€1.35M€1.96M▲
Amounts receivable after more than one year29€1.12M€1.33M▲
Other amounts receivable291€1.12M€1.33M▲
Amounts receivable within one year40/41€174k€172k▼
Trade receivables40€6k€2k▼
Other amounts receivable41€168k€170k▲
Current investments50/53-€377k
Cash at bank and in hand54/58€2k€18k▲
Deferred charges and accrued income490/1€59k€56k▼
Equity and liabilities
Total equity and liabilities10/49€5.36M€5.49M▲
Equity10/15€880k€1.09M▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€119k€330k▲
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€45k€217k▲
Distributable reserves133€62k€101k▲
Profit (loss) carried forward14€637k€638k▲
Provisions and deferred taxes16€15k€72k▲
Deferred taxes168€15k€72k▲
Amounts payable17/49€4.46M€4.33M▼
Amounts payable after more than one year17€2.58M€2.52M▼
Financial debts170/4€2.58M€2.52M▼
Amounts payable within one year42/48€316k€350k▲
Current portion of amounts payable after more than one year42€298k€305k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€15k€26k▲
Suppliers440/4€15k€26k▲
Taxes, remuneration and social security45€199€19k▲
Taxes450/3€199€19k▲
Accrued charges and deferred income492/3€1.57M€1.45M▼
Income statement
Code20252026
Non-recurring operating income76A€7k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€239k€232k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k
Other operating charges640/8€28k€28k▲
Gross operating margin9900€357k€635k▲
Operating profit (loss)9901€90k€368k▲
Financial income75/76B€26k€33k▲
Recurring financial income75€26k€33k▲
Financial charges65/66B€118k€112k▼
Recurring financial charges65€118k€112k▼
Profit (loss) for the period before taxes9903€-3k€289k▲
Transfer from deferred taxes780€775€11k▲
Transfer to deferred taxes680-€68k
Income taxes67/77-€19k
Profit (loss) for the period9904€-2k€212k▲
Transfer from tax-exempt reserves789€2k€33k▲
Transfer to tax-exempt reserves689-€205k
Profit (loss) for the period to be appropriated9905€177€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€637k€677k▲
Profit (loss) brought forward from the previous period14P€637k€637k=
Transfer to equity691/2-€39k
To other reserves6921-€39k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
28-02
Financial
Back to profitnet €212k
Net result €212k after one loss-making year.
28-02
Financial
Equity above €1MEq €1.09M ▲24.1%
Equity rises from €880k to €1.09M.
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
29-02
Financial
Liquidity triplescurrent ratio 4.53
Current ratio from 1.30 to 4.53.
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
28-02
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
29-02
Financial
Weakest financial yearnet €-13k ▼116%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kortrijk · 2 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meensesteenweg(Bis) 4498501 KortrijkGround area
2,194 m²
Building footprint
1,733 m²
Volume, LiDAR
29,049 m³
2 parcels, Flanders · tallest building 29.3 m, ±7 floors. Linked by address, not a title deed.
2 establishment units
IMMODENO
since 19952.071.275.741
Lefebvrestraat 3 APP, 8620 Nieuwpoort
since 20102.199.884.675
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0006/00B000 | Flanders | 1,260 m² | 1 · 1,576 m² | 29.3 m · 7 fl. |
| 34007B0067/00R003 | Flanders | 935 m² | 1 · 156 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Waterloo · Eq €1.09M
J & J MANAGEMENT
BE 0476.305.137
Kortenberg · Eq €1.09M
Morlimmo
BE 1025.781.235
De Panne · Eq €1.09M
Nimco
BE 0419.550.239
Herentals · Eq €1.09M
Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 4,041 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-11-1994
Fiscal year end28-02
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.