Equity
IMMODUL paid out €15,600 in dividends. That is 92% of the 2025 profit.
In July 2024, 31,368 companies had the same profile as IMMODUL 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 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,368 companies, not a prediction for IMMODUL. 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.
IMMODUL files the micro format. That format states no turnover. The gross margin rose from €7,370 in 2006 to €34,160 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €140,000. Estimated: probably between €83,000 and €250,000.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
201,542 | 187,408 | 171,047 | 151,591 | 142,865 | 134,378 | 117,136 | 147,257 | 133,566 | 128,905 | 195,886 | 184,205 | 176,012 | 168,059 | 150,224 | 183,662 | 169,355 | 261,407 | 268,999 | 265,913 | |
21/28 |
91,947 | 93,632 | 95,317 | 88,250 | 88,250 | 88,250 | 88,250 | 88,250 | 88,250 | 90,233 | 98,166 | 106,098 | 116,510 | 124,442 | 132,375 | 140,308 | 148,240 | 156,172 | 164,105 | 180,788 | |
22/27 |
91,947 | 93,632 | 95,317 | 88,250 | 88,250 | 88,250 | 88,250 | 88,250 | 88,250 | 90,233 | 98,166 | 106,098 | 116,510 | 124,442 | 132,375 | 140,308 | 148,240 | 156,172 | 164,105 | 172,038 | |
22 |
91,947 | 93,632 | 95,317 | 88,250 | 88,250 | 88,250 | 88,250 | 88,250 | 88,250 | 90,233 | 98,166 | 106,098 | 114,031 | 121,964 | 129,896 | 137,829 | 145,761 | 153,694 | 161,626 | 169,559 | |
24 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,479 | 2,478 | 2,479 | 2,479 | 2,479 | 2,478 | 2,479 | 2,479 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8,750 | |
29/58 |
109,594 | 93,776 | 75,730 | 63,341 | 54,615 | 46,127 | 28,886 | 59,007 | 45,316 | 38,672 | 97,720 | 78,107 | 59,502 | 43,617 | 17,849 | 43,354 | 21,115 | 105,235 | 104,894 | 85,125 | |
40/41 |
- | 8,040 | - | 351 | 614 | - | - | - | - | - | - | - | - | 13 | 5 | - | - | 35,917 | 50,876 | 32,031 | |
41 |
- | 8,040 | - | 351 | 614 | - | - | - | - | - | - | - | - | 13 | 5 | - | - | 35,917 | 50,876 | 32,031 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 51,112 | 51,112 | 51,112 | |
54/58 |
109,594 | 85,737 | 75,730 | 62,989 | 54,001 | 46,127 | 28,886 | 59,007 | 45,316 | 38,672 | 97,720 | 78,107 | 59,502 | 43,604 | 17,844 | 43,354 | 21,115 | 18,206 | 2,906 | 1,982 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
201,542 | 187,408 | 171,047 | 151,591 | 142,865 | 134,378 | 117,136 | 147,257 | 133,566 | 128,905 | 195,886 | 184,205 | 176,012 | 168,059 | 150,224 | 183,662 | 169,355 | 261,407 | 268,999 | 265,913 | |
10/15 |
184,797 | 183,412 | 166,331 | 151,479 | 135,036 | 119,159 | 103,497 | 87,485 | 127,621 | 113,905 | 190,621 | 182,338 | 173,288 | 162,425 | 150,151 | 140,511 | 66,430 | 253,909 | 268,999 | 260,275 | |
10/11 |
45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 45,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 62,000 | 247,894 | 247,894 | 247,894 | |
100 |
- | - | - | - | - | - | 45,000 | 45,000 | 45,000 | 45,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 120,000 | 62,000 | 247,894 | 247,894 | 247,894 | |
13 |
139,797 | 138,412 | 121,331 | 106,479 | 90,036 | 74,159 | 58,497 | 42,485 | 82,621 | 9,326 | 9,326 | 8,911 | 8,458 | 7,915 | 7,301 | 6,819 | 6,015 | 6,015 | 5,756 | 5,320 | |
130/1 |
- | - | - | 6,940 | 6,940 | 6,940 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 6,940 | 6,940 | 6,940 | 6,940 | 6,940 | 6,525 | 6,072 | 5,529 | 4,915 | 4,433 | 3,629 | 3,629 | 3,370 | 2,934 | |
1311 |
- | - | - | 6,940 | 6,940 | 6,940 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
139,797 | 138,412 | 121,331 | 99,539 | 83,096 | 67,219 | 51,557 | 35,545 | 75,681 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | 2,386 | |
14 |
- | - | - | - | - | - | - | - | - | 59,579 | 61,295 | 53,427 | 44,830 | 34,510 | 22,850 | 13,692 | -1,585 | - | 15,349 | 7,061 | |
16 |
- | - | - | - | - | - | - | - | - | 15,000 | 3,000 | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | 15,000 | 3,000 | - | - | - | - | - | - | - | - | - | |
164/5 |
- | - | - | - | - | - | - | - | - | 15,000 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
16,744 | 3,996 | 4,716 | 112 | 7,829 | 15,218 | 13,638 | 59,772 | 5,945 | - | 2,265 | 1,867 | 2,724 | 5,634 | 73 | 43,151 | 102,925 | 7,498 | - | 5,638 | |
42/48 |
16,744 | 3,996 | 4,716 | 112 | 7,829 | 15,218 | 13,638 | 59,772 | 5,945 | - | 2,265 | 1,867 | 2,724 | - | 73 | 43,151 | 102,925 | 7,498 | - | 5,638 | |
44 |
128 | - | 720 | 112 | - | - | 48 | - | - | - | - | - | - | - | 73 | 2,286 | 4,062 | - | - | 151 | |
440/4 |
128 | - | 720 | 112 | - | - | 48 | - | - | - | - | - | - | - | 73 | 2,286 | 4,062 | - | - | 151 | |
45 |
1,016 | 3,996 | 3,996 | - | 7,829 | 15,218 | 13,590 | 22,272 | 5,945 | - | 2,265 | 1,867 | 2,724 | - | - | - | - | 7,498 | - | 5,487 | |
450/3 |
1,016 | 3,996 | 3,996 | - | 7,829 | 15,218 | 13,590 | 22,272 | 5,945 | - | 2,265 | 1,867 | 2,724 | - | - | - | - | 7,498 | - | 5,487 | |
47/48 |
15,600 | - | - | - | - | - | - | 37,500 | - | - | - | - | - | - | - | 40,865 | 98,863 | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 5,634 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
34,160 | 32,754 | 29,113 | 29,603 | 28,421 | 28,705 | 28,417 | 24,619 | 11,227 | 23,148 | 26,259 | 26,147 | 26,478 | 24,990 | 22,237 | 28,612 | 11,038 | 21,393 | 22,606 | 7,370 | |
630 |
1,685 | 1,685 | 1,357 | - | - | - | - | - | 1,983 | 7,933 | 7,933 | 7,933 | 7,933 | 7,933 | 7,933 | 7,932 | 7,933 | 7,933 | 7,933 | 8,019 | |
635/8 |
- | - | - | - | - | - | - | - | -15,000 | 12,000 | 3,000 | - | - | - | - | - | - | - | - | - | |
640/8 |
7,221 | 5,959 | 5,841 | 5,448 | 5,101 | 5,172 | 4,895 | 4,796 | 4,698 | 4,609 | 4,583 | 4,721 | 4,862 | 4,738 | 4,588 | 4,503 | 4,584 | 4,321 | 9,307 | 1,412 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 2,479 | - | - | - | - | - | - | - | - | |
9901 |
25,255 | 25,110 | 21,915 | 24,155 | 23,320 | 23,533 | 23,523 | 19,822 | 19,546 | -1,394 | 10,743 | 13,493 | 13,683 | 12,319 | 9,716 | 16,177 | -1,479 | 9,139 | 5,366 | -2,061 | |
75/76B |
- | - | - | - | - | - | 89 | - | 115 | - | - | - | - | 50 | 34 | 17 | 4 | 5,796 | 4,116 | 1,325 | |
75 |
- | - | - | - | - | - | 89 | - | 115 | - | - | - | - | 50 | 34 | 17 | 4 | 5,796 | 4,116 | 1,325 | |
65/66B |
75 | 69 | 67 | 64 | 57 | 42 | 211 | 186 | - | 322 | 196 | 97 | 95 | 95 | 110 | 110 | 110 | 25 | 227 | 20 | |
65 |
75 | 69 | 67 | 64 | 57 | 42 | 211 | 186 | - | 322 | 196 | 97 | 95 | 95 | 110 | 110 | 110 | 25 | 227 | 20 | |
9903 |
25,180 | 25,042 | 21,848 | 24,091 | 23,263 | 23,491 | 23,401 | 19,636 | 19,661 | -1,716 | 10,547 | 10,917 | 13,588 | 12,274 | 9,640 | 16,084 | -1,585 | 14,910 | 9,255 | -756 | |
67/77 |
8,195 | 7,960 | 6,996 | 7,649 | 7,386 | 7,829 | 7,389 | 6,200 | 5,945 | - | 2,264 | 1,867 | 2,725 | - | - | 3 | - | - | 531 | -494 | |
9904 |
16,985 | 17,081 | 14,852 | 16,442 | 15,877 | 15,662 | 16,012 | 13,436 | 13,716 | -1,716 | 8,283 | 9,050 | 10,863 | 12,274 | 9,640 | 16,081 | -1,585 | 14,910 | 8,724 | -262 | |
9905 |
16,985 | 17,081 | 14,852 | 16,442 | 15,877 | 15,662 | 16,012 | 13,436 | 13,716 | -1,716 | 8,283 | 9,050 | 10,863 | 12,274 | 9,640 | 16,081 | -1,585 | 14,910 | 8,724 | -262 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
16,985 | 17,081 | 14,852 | 16,442 | 15,877 | 15,662 | 16,012 | 13,436 | 73,295 | 59,579 | 61,710 | 53,880 | 45,373 | 35,124 | 23,332 | 14,496 | -1,585 | 30,259 | 15,785 | 7,061 | |
791/2 |
15,600 | 58,971 | 58,919 | 51,796 | 51,619 | 51,557 | 75,681 | 75,681 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
16,985 | 76,052 | 73,771 | 68,239 | 67,496 | 67,219 | 91,693 | 35,545 | 73,295 | - | 415 | 453 | 543 | 614 | 482 | 804 | - | 259 | 436 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 415 | 453 | 543 | 614 | 482 | 804 | - | 259 | 436 | - | |
6921 |
16,985 | 76,052 | 73,771 | 68,239 | 67,496 | 67,219 | 91,693 | 35,545 | 73,295 | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
15,600 | - | - | - | - | - | - | 53,571 | - | - | - | - | - | - | - | - | - | 30,000 | - | - | |
694 |
15,600 | - | - | - | - | - | - | 53,571 | - | - | - | - | - | - | - | - | - | 30,000 | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 4 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 2025 (PDF), filed on 25-02-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-02-2026 | 2026-00046423 | |
| 31-12-2024 | micro format | 28-03-2025 | 2025-00061142 | |
| 31-12-2023 | micro format | 11-03-2024 | 2024-00041557 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00315147 | |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20040482 | |
| 31-12-2020 | micro format | 15-06-2021 | 2021-21100058 | |
| 31-12-2019 | micro format | 02-06-2020 | 2020-14200294 | |
| 31-12-2018 | micro format | 05-06-2019 | 2019-16000485 | |
| 31-12-2017 | micro format | 28-05-2018 | 2018-14200427 | |
| 31-12-2016 | micro format | 06-06-2017 | 2017-15000417 | |
| 31-12-2015 | abbreviated format | 30-05-2016 | 2016-13600102 | |
| 31-12-2014 | abbreviated format | 08-06-2015 | 2015-15100133 | |
| 31-12-2013 | abbreviated format | 30-07-2014 | 2014-35900382 | |
| 31-12-2012 | abbreviated format | 07-06-2013 | 2013-15600056 | |
| 31-12-2011 | abbreviated format | 14-06-2012 | 2012-16800377 | |
| 31-12-2010 | abbreviated format | 08-06-2011 | 2011-14300305 | |
| 31-12-2009 | abbreviated format | 26-05-2010 | 2010-12700025 | |
| 31-12-2008 | abbreviated format | 17-06-2009 | 2009-23000211 | |
| 31-12-2007 | abbreviated format | 29-08-2008 | 2008-64900285 | |
| 31-12-2006 | abbreviated format | 10-08-2007 | 2007-55000271 | |
| 31-12-2005 | abbreviated format | 06-07-2006 | 2006-42300058 | |
| 31-12-2004 | abbreviated format | 30-09-2005 | 2005-78404854 | |
| 31-12-2003 | abbreviated format | 18-06-2004 | 2004-27403598 | |
| 31-12-2002 | abbreviated format | 07-08-2003 | 2003-60601316 | |
| 31-12-2001 | abbreviated format | 02-09-2002 | 2002-52501214 | |
| 31-12-2000 | abbreviated format | 11-09-2001 | 2001-55203298 | |
| 31-12-1999 | abbreviated format | 11-09-2000 | 2000-55603315 | |
| 31-12-1998 | abbreviated format | 04-10-1999 | 1999-51100171 | |
| 31-12-1997 | abbreviated format | 10-06-1998 | 1998-15302338 | |
| 31-12-1996 | abbreviated format | 07-07-1997 | 1997-28002664 | |
| 31-12-1995 | abbreviated format | 23-10-1996 | 1996-48603748 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26,940 | 26,795 | 23,272 | - | - | - | - | - | 21,529 | 6,539 | 18,676 | 21,426 | 21,616 | 20,252 | 17,649 | 24,109 | 6,454 | 17,072 | 13,299 | 5,958 | ||
| 18,670 | 18,766 | 16,209 | - | - | - | - | - | 15,699 | 6,217 | 16,216 | 16,983 | 18,796 | 20,207 | 17,573 | 24,013 | 6,348 | 22,843 | 16,657 | 7,757 | ||
| 0 | 0 | 8,424 | - | - | - | - | - | 0 | -0 | 1 | -2,479 | 1 | 0 | 0 | 0 | 1 | 0 | -8,750 | - | ||
| 23,858 | 10,007 | 12,740 | 8,988 | 7,874 | 17,242 | -30,122 | 13,691 | 6,644 | -59,048 | 19,613 | 18,605 | 15,898 | 25,760 | -25,510 | 22,239 | 2,909 | 15,300 | 924 | - | ||
| 92,850 | 89,780 | 71,014 | 63,229 | 46,786 | 30,909 | 15,247 | -765 | 39,371 | - | 95,455 | 76,240 | 56,778 | - | 17,776 | 203 | -81,810 | 97,737 | - | 79,487 | ||
| 91.7% | 97.9% | 97.2% | 99.9% | 94.5% | 88.7% | 88.4% | 59.4% | 95.5% | 88.4% | 97.3% | 99.0% | 98.5% | 96.6% | 100.0% | 76.5% | 39.2% | 97.1% | 100.0% | 97.9% | ||
| 6.55 | 23.47 | 16.06 | - | 6.98 | 3.03 | 2.12 | 0.99 | 7.62 | - | 43.14 | 41.84 | 21.84 | - | - | 1.00 | 0.21 | 14.04 | - | 15.10 | ||
| 0.09 | 0.02 | 0.03 | 0.00 | 0.06 | 0.13 | 0.13 | 0.68 | 0.05 | - | 0.01 | 0.01 | 0.02 | 0.03 | 0.00 | 0.31 | 1.55 | 0.03 | - | 0.02 | ||
| 9.2% | 9.3% | 8.9% | 10.9% | 11.8% | 13.1% | 15.5% | 15.4% | 10.7% | -1.5% | 4.3% | 5.0% | 6.3% | 7.6% | 6.4% | 11.4% | -2.4% | 5.9% | 3.2% | -0.1% | ||
| 8.4% | 9.1% | 8.7% | 10.8% | 11.1% | 11.7% | 13.7% | 9.1% | 10.3% | -1.3% | 4.2% | 4.9% | 6.2% | 7.3% | 6.4% | 8.8% | -0.9% | 5.7% | 3.2% | -0.1% | ||
| over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,424 | - | - |
| €1,685 | €1,685 | €1,357 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 1% higher than in 2024 and the highest since 2006. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 2.1% to 8.3%. Equity and debt are higher.
IMMODUL has no parent and no holdings in its annual accounts.
| Eteos
registered office since 22-12-1986 · founded in 1986 |
total assets €456,013 (2025) 0428.361.007 |
| Soete, Luc (sole trader)
establishment since 01-07-1977 |
founded in 1977 0529.814.295 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Verenigde-Natieslaan 3 registered office 8400 Ostend 6523 Insurance, reinsurance and pension funding, except compulsory social security | 06-05-1994 | 2.066.709.813 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 35013A1643/00D002 | 1,919 m² | 1 · 276 m² | 10.4 m · 2 |
If something looks wrong or is missing, please tell us.