IMODHO
ActiveSummary
IMODHO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.1m and a net result of €3,963. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability57▼-28
Solvency100=
Growth35▼-27
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity ample (current ratio 6.5 against 6.74 in 2023; short-term debt: 11.1% and cash: 9.9% of total assets), and 13.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
Real estate activities (NACE 68)
about 43% fewer 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
86.9%
Return on assets
0.1%
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 30-08-2025, 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
not confirmed
2024
30 d late
2023
117 d late
2022
2 d early
2021
95 d late
2020
92 d late
2019
284 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 103 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€225,494▼ 44.9%
2023 · €409,442
EBIT margin
2.4%▼ 55.3pp
2023 · 57.7%
Net result
€3,963▼ 98.8%
2023 · €324,289
Working capital
€2.9m▲ 0.1%
2023 · €2.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€251,720▼ 39.3%€215,860▼ 14.2%€362,295▲ 67.8%€409,442▲ 13.0%€225,494▼ 44.9%
Operating result€74,401▼ 69.6%€44,862▼ 39.7%€204,161▲ 355%€236,062▲ 15.6%€5,393▼ 97.7%
Net result€142,079above the sector's middle half▼ 7.6%€60,471within the sector's middle half▼ 57.4%€185,702above the sector's middle half▲ 207%€324,289above the sector's middle half▲ 74.6%€3,963within the sector's middle half▼ 98.8%
EBIT margin29.6%▼ 29.4pp20.8%▼ 8.8pp56.4%▲ 35.6pp57.7%▲ 1.3pp2.4%▼ 55.3pp
Equity€3.5mabove the sector's middle half▲ 4.2%€3.6mabove the sector's middle half▲ 1.7%€3.8mabove the sector's middle half▲ 5.2%€4.1mabove the sector's middle half▲ 8.6%€4.1mabove the sector's middle half▲ 0.1%
Total assets€4.3mwithin the sector's middle half▲ 2.5%€4.3mwithin the sector's middle half▲ 0.4%€4.5mabove the sector's middle half▲ 3.4%€4.8mabove the sector's middle half▲ 6.5%€4.7mabove the sector's middle half▼ 1.0%
Debt€782,493▼ 4.4%€738,829▼ 5.6%€699,537▼ 5.3%€667,670▼ 4.6%€616,570▼ 7.7%
Working capital€2.2mabove the sector's middle half▲ 8.3%€2.3mabove the sector's middle half▲ 4.0%€2.5mabove the sector's middle half▲ 8.8%€2.9mabove the sector's middle half▲ 14.2%€2.9mabove the sector's middle half▲ 0.1%
Solvency81.8%above the sector's middle half▲ 1.3pp82.9%above the sector's middle half▲ 1.1pp84.3%above the sector's middle half▲ 1.4pp86.0%above the sector's middle half▲ 1.6pp86.9%above the sector's middle half▲ 0.9pp
Current ratio5.47above the sector's middle half▲ 0.315.69above the sector's middle half▲ 0.226.11above the sector's middle half▲ 0.416.74above the sector's middle half▲ 0.646.50above the sector's middle half▼ 0.24
Return on assets (ROA)3.3%within the sector's middle half▼ 0.4pp1.4%within the sector's middle half▼ 1.9pp4.2%within the sector's middle half▲ 2.8pp6.8%within the sector's middle half▲ 2.7pp0.1%within the sector's middle half▼ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Turnover +68%, Net result +207% on 2021. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 98% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€1.3m ▼ 5.1%
Current assets
€3.4m ▲ 0.7%
Equity and liabilities €4.7m
Equity
€4.1m ▲ 0.1%
Debt
€616,570 ▼ 7.7%
Debt's share of the balance-sheet total falls from 14.0% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76,589▼
2023 · €307,152
Cash flow
€75,159▼
2023 · €395,379
Debt to equity
0.15▼
2023 · 0.16
ROE
0.1%▼
2023 · 7.9%
Interest coverage
2.03▼
2023 · 7.37
Debt ≤ 1 year
€521,697▲
2023 · €499,572
Debt > 1 year
€94,873▼
2023 · €168,098
Income taxes
€86,693▲
2023 · €78,766
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €251,720 | €215,860 | €362,295 | €409,442 | €225,494 | ▼ 44.9% |
| Non-recurring operating income76A | - | - | €200 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €103,558 | €87,033 | €102,290 | €25,831 | ▼ 74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,636 | €66,635 | €71,091 | €71,090 | €71,196 | ▲ 0.1% |
| Other operating charges640/8 | - | €805 | €10 | - | €123,074 | - |
| Gross operating margin9900 | €165,101 | €112,302 | €275,262 | €307,152 | €199,663 | ▼ 35.0% |
| Operating profit (loss)9901 | €74,401 | €44,862 | €204,161 | €236,062 | €5,393 | ▼ 97.7% |
| Financial income75/76B | - | €100,936 | €97,035 | €208,655 | €122,921 | ▼ 41.1% |
| Recurring financial income75 | €170,029 | €100,936 | €97,035 | €208,655 | €122,921 | ▼ 41.1% |
| Financial charges65/66B | - | €58,989 | €49,677 | €41,662 | €37,658 | ▼ 9.6% |
| Recurring financial charges65 | €45,952 | €58,989 | €49,677 | €41,662 | €37,658 | ▼ 9.6% |
| Profit (loss) for the period before taxes9903 | €198,478 | €86,809 | €251,519 | €403,055 | €90,656 | ▼ 77.5% |
| Income taxes67/77 | €56,399 | €26,338 | €65,817 | €78,766 | €86,693 | ▲ 10.1% |
| Profit (loss) for the period9904 | €142,079 | €60,471 | €185,702 | €324,289 | €3,963 | ▼ 98.8% |
| Profit (loss) for the period to be appropriated9905 | €142,079 | €60,471 | €185,702 | €324,289 | €3,963 | ▼ 98.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.3m | €4.5m | €4.8m | €4.7m | ▼ 1.0% |
| Fixed assets21/28 | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | ▼ 5.1% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | ▼ 5.1% |
| Land and buildings22 | - | €1.5m | €1.5m | €1.4m | €1.3m | ▼ 4.9% |
| Furniture and vehicles24 | - | - | €9,045 | €4,590 | €999 | ▼ 78.2% |
| Current assets29/58 | €2.7m | €2.8m | €3.0m | €3.4m | €3.4m | ▲ 0.7% |
| Amounts receivable within one year40/41 | €8,701 | €44,247 | €48,040 | €26,632 | €337 | ▼ 98.7% |
| Other amounts receivable41 | - | €44,247 | €48,040 | €26,632 | €337 | ▼ 98.7% |
| Current investments50/53 | €1.6m | €1.9m | €2.2m | €2.6m | €2.9m | ▲ 14.2% |
| Cash at bank and in hand54/58 | €1.1m | €820,190 | €790,973 | €778,037 | €464,019 | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.3m | €4.5m | €4.8m | €4.7m | ▼ 1.0% |
| Equity10/15 | €3.5m | €3.6m | €3.8m | €4.1m | €4.1m | ▲ 0.1% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €119,485 | €119,485 | €119,485 | €119,485 | €119,485 | = |
| Non-distributable reserves130/1 | - | €119,485 | €119,485 | €119,485 | €119,485 | = |
| Legal reserve130 | - | €119,485 | €119,485 | €119,485 | €119,485 | = |
| Profit (loss) carried forward14 | €2.2m | €2.3m | €2.5m | €2.8m | €2.8m | ▲ 0.1% |
| Amounts payable17/49 | €782,493 | €738,829 | €699,537 | €667,670 | €616,570 | ▼ 7.7% |
| Amounts payable after more than one year17 | €286,099 | €246,766 | €207,431 | €168,098 | €94,873 | ▼ 43.6% |
| Financial debts170/4 | - | €246,766 | €207,431 | €168,098 | €94,873 | ▼ 43.6% |
| Amounts payable within one year42/48 | €496,394 | €492,063 | €492,106 | €499,572 | €521,697 | ▲ 4.4% |
| Current portion of amounts payable after more than one year42 | - | €39,334 | €39,335 | €39,335 | €49,174 | ▲ 25.0% |
| Trade debts44 | €5,416 | €1,086 | €1,129 | €4,994 | €20,814 | ▲ 317% |
| Suppliers440/4 | - | €1,086 | €1,129 | €4,994 | €20,814 | ▲ 317% |
| Taxes, remuneration and social security45 | - | - | - | €5,000 | - | - |
| Taxes450/3 | - | - | - | €5,000 | - | - |
| Other amounts payable47/48 | - | €451,643 | €451,642 | €450,243 | €451,709 | ▲ 0.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142,079 | €60,471 | €185,702 | €324,289 | €3,963 | ▼ 98.8% |
| + Depreciation and write-downs630 | €66,636 | €66,635 | €71,091 | €71,090 | €71,196 | ▲ 0.1% |
| Operating cash flow (approximation) | €208,715 | €127,106 | €256,793 | €395,379 | €75,159 | ▼ 81.0% |
| Investment in fixed assets (approximation) | - | €0 | -€13,500 | €0 | €0 | - |
| Change in cash | - | -€256,012 | -€29,217 | -€12,936 | -€314,018 | ▼ 2,327% |
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
2026
05-03
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · RestructuringDemerger · Accounting effect · Real estate21 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · Restructuring
Demerger · Accounting effect · Real estate21 facts ▸
- General meeting, 29-12-2025
- Demerger, scission partielle, 2097
- Demerger, scission partielle, 482
- Accounting effect, 01-01-2025
- Real estate, 553914.76
- Real estate, 3471911.5
- Capital decrease, €-1.175.100,4
- Capital increase, €41.753,61
- Capital, €61.500
- Statutes amendment
- Power of attorney, Cazimir
- Share distribution, pleine propriété, 238
- +9 further facts in this act
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €3,963 ▼98.8%
Net result drops to €3,963, the lowest in the series.
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 117 days late
2023
31-12
Financial
Highest result since 2018net €324,289 ▲74.6%
Net result €324,289, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 95 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 92 days late
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 284 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 50 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 51 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1994
Ground area
141 m²
Building footprint
135 m²
Volume, LiDAR
1,539 m³
Parcel 21562A0397/00H006, Brussels · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Jamarlaan 13, 1060 Sint-Gillis (bij-Brussel)
since 19942.065.932.328
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0397/00H006 | Brussels | 141 m² | 1 · 135 m² | 19.8 m · 5 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.
Articles of association
Purpose
1. l'achat, la vente, l'échange, la construction, démolition, la rénovation, la transformation, le lotissement mise en valeur, la sous-location, l'exploitation, l'entretien et la…
Full purpose
1. l'achat, la vente, l'échange, la construction, démolition, la rénovation, la transformation, le lotissement mise en valeur, la sous-location, l'exploitation, l'entretien et la gestion de maisons, appartements, bureaux, bâtiments industriels ou commercial, hôtel, restaurant et tous immeubles dans le cadre "Horeca", terrains, terres domaines et, de manière générale, de tous biens et droits immobiliers et tous services s'y rapportant; 2. la gestion de patrimoine immobilier, de participations, de portefeuilles d'assurances, de fonds de commerce, ainsi que toutes opérations de cautionnement et de garantie; 3. le secteur immobilier dans le sens le plus étendu.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsSplit off to:Hôtel de Paris
Split off to:Imodelmat
Capital and shareholders
Capital over the years
- 05-03-2026 Capital reduction of 1,175,100.40 EUR · to 19,746.39 EUR
- 05-03-2026 Capital increase of 41,753.61 EUR · to 61,500 EUR · from reserves
Recognitions · licences · registrations
Legal Entity Identifier
967600DZX29XSVXE8X20
Similar companies · same sector, comparable size
BORGOUMONT
BE 0778.806.070
Dison · Eq €4,095,205
VASTGOED ZEEBRUGGE
BE 0478.668.571
Brugge · Eq €4,087,905
BUILDING TRANSFORMATION SALES
BE 0427.736.841
Ukkel · Eq €4,083,954
HANSA-HUIS
BE 0426.515.631
Antwerpen · Eq €4,076,026
BOCQFIN
BE 0719.264.502
Sint-Lambrechts-Woluwe · Eq €4,075,401
Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 3,423 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
Founded31-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451871431
Also
9925:BE0451871431
Registered
08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.