IMODEFF
ActiveSummary
IMODEFF has been active since 1942 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-6.99M) and a net result of €-4.16M. Equity is shrinking by ~45.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-1
Solvency10▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.26 against 0.39 in 2024; short-term debt: 114.9% and cash: 0.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-6.99M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
120 d late
2023
92 d late
2022
88 d late
2021
61 d late
2020
90 d late
2019
125 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-4.16M▲ 4.6%
2024 · €-4.36M
2018: €-1.49M
2019: €-1.12M
2020: €-1.49M
2021: €-2.36M
2022: €3.37M
2023: €-1.83M
2024: €-4.36M
2018 → 2025
Working capital
€-39.63M▼ 8.0%
2024 · €-36.70M
2018: €-31.82M
2019: €-30.82M
2020: €-32.13M
2021: €-33.83M
2022: €-34.64M
2023: €-33.64M
2024: €-36.70M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€3.36M€1.53M▼ 54.5%€-2.83M€-6.99M▼ 147%
Operating result€-1.63M-€4.33M€729k▼ 83.2%€-1.30M€-2.77M▼ 113%
Net result€-2.36M-€3.37M€-1.83M€-4.36M▼ 138%€-4.16M▲ 4.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.77M in 2025 against €1.30M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46.76M
Fixed assets
€32.66M ▼ 3.6%
Current assets
€14.10M ▼ 39.3%
Key figures and ratios
EBITDA
€-1.46M▼
2024 · €72k
Cash flow
€-2.85M▲
2024 · €-2.99M
Solvency
-15.0%▼
2024 · -5.0%
Current ratio
0.26▼
2024 · 0.39
Quick ratio
0.13▲
2024 · 0.06
Debt to equity
-7.69▲
2024 · -21.18
ROA
-8.9%▼
2024 · -7.6%
Interest coverage
-1.05▼
2024 · 0.02
Debt
€53.75M▼
2024 · €59.94M
Debt ≤ 1 year
€53.73M▼
2024 · €59.93M
Debt > 1 year
€16k=
2024 · €16k
Income taxes
€3▲
2024 · €2
Staff costs
€67k▲
2024 · €64k
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 · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€57.11M€46.76M▼
Fixed assets21/28€33.89M€32.66M▼
Tangible fixed assets22/27€17.17M€15.94M▼
Land and buildings22€17.13M€15.93M▼
Furniture and vehicles24€20k€0▼
Other tangible fixed assets26€20k€12k▼
Financial fixed assets28€16.71M€16.72M=
Current assets29/58€23.23M€14.10M▼
Stocks and contracts in progress3€19.69M€6.86M▼
Stocks30/36€19.69M€6.86M▼
Amounts receivable within one year40/41€3.53M€7.10M▲
Trade receivables40€1.33M€4.44M▲
Other amounts receivable41€2.20M€2.66M▲
Cash at bank and in hand54/58-€124k
Deferred charges and accrued income490/1€12k€9k▼
Equity and liabilities
Total equity and liabilities10/49€57.11M€46.76M▼
Equity10/15€-2.83M€-6.99M▼
Contributions10/11€495k€495k=
Capital10€495k€495k=
Issued capital100€495k€495k=
Revaluation surpluses12€12.37M€12.37M=
Reserves13€1.42M€1.42M=
Non-distributable reserves130/1€115k€115k=
Legal reserve130€115k€115k=
Tax-exempt reserves132€331€331=
Distributable reserves133€1.31M€1.31M=
Profit (loss) carried forward14€-17.11M€-21.28M▼
Amounts payable17/49€59.94M€53.75M▼
Amounts payable after more than one year17€16k€16k=
Other amounts payable178/9€16k€16k=
Amounts payable within one year42/48€59.93M€53.73M▼
Current portion of amounts payable after more than one year42€250€250=
Financial debts43€39.30M€31.33M▼
Credit institutions430/8€39.23M€31.33M▼
Other loans439€73k-
Trade debts44€2.64M€2.93M▲
Suppliers440/4€2.64M€2.93M▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€2k€13▼
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€17.97M€19.46M▲
Income statement
Code20242025
Remuneration, social security and pensions62€64k€67k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.37M€1.31M▼
Other operating charges640/8€478k€460k▼
Gross operating margin9900€614k€-935k▼
Operating profit (loss)9901€-1.30M€-2.77M▼
Financial income75/76B€16k€3k▼
Recurring financial income75€16k€3k▼
Financial charges65/66B€3.07M€1.39M▼
Recurring financial charges65€3.07M€1.39M▼
Profit (loss) for the period before taxes9903€-4.36M€-4.16M▲
Income taxes67/77€2€3▲
Profit (loss) for the period9904€-4.36M€-4.16M▲
Profit (loss) for the period to be appropriated9905€-4.36M€-4.16M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17.11M€-21.28M▼
Profit (loss) brought forward from the previous period14P€-12.75M€-17.11M▼
The notes to these accounts (17 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 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 120 days late
2024
31-12
Financial
Weakest financial yearnet €-4.36M
Net result drops to €-4.36M, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 88 days late
2022
31-12
Financial
Back to profitnet €3.37M
Net result €3.37M after 4 loss-making years.
31-12
Financial
Equity above €2MEq €3.36M
Equity rises from €-14k to €3.36M.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 125 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 120 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Elsene · 1 establishment unit since 1942
Ground area
839 m²
Building footprint
233 m²
Volume, LiDAR
8,514 m³
Parcel 21807G0213/00Y002, Brussels · tallest building 42.9 m, ±13 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
Louizalaan 335, 1050 Brussel
since 19422.002.780.675
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0213/00Y002 | Brussels | 839 m² | 1 · 233 m² | 42.9 m · 13 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300R3HPW0I35EEK64
Similar companies · same sector, comparable size
DEBRU
BE 0428.553.621
Oud-Heverlee · Eq €1,527,493
Immo VVB
BE 0413.595.231
Harelbeke · Eq €1,526,824
SUPRIMMO
BE 0440.061.680
Sint-Niklaas · Eq €1,534,174
AGEVIO
BE 0676.514.226
Wielsbeke · Eq €1,535,126
FRANS VERHELST
BE 0421.009.001
Koekelare · Eq €1,535,638
Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 3,356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-07-1942
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.