IMODI
ActiveSummary
IMODI has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €121,596. Equity has been stable since 2018 (±2% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-04-2003 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.131.770.087 4621 Fléron, since 19-05-2003
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €237,120
- ▲ 127%
- Turnover
- ≈ €600,000
- estimated
- Profit
- €121,596
- ▲ 526%
- Equity
- €1.2m
- ▲ 11.3%
- Total assets
- €1.3m
- ▲ 14.5%
Score breakdownraises risk1 of the last 3 accounts latelowers riskSize: total assets €1.3mLiquidity: current ratio 7.31, cash €458,014Equity €1.2m (93.3% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 86% on liquidity, 64% on profitability and 69% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 15 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 23 filings
Every figure per financial year
The operating result for 2025 is 6.1 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
- 2025 Net result +526% on 2024. The accounts now follow the abbreviated format, last year the micro format.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €31,771 | €10,446 | €147,785 | €47,449 | €14,403 |
| Depreciation and write-downs of the year | €57,676 | €59,580 | €48,055 | €65,116 | €63,547 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | €0 | €96,830 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €27,987 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,674 | €52,674 | €54,819 | €57,676 | €59,580 | €48,055 | €65,116 | €63,547 | ▼ 2.4% |
| Other operating charges640/8 | - | - | - | €11,852 | €11,944 | €13,071 | €13,215 | €13,710 | ▲ 3.7% |
| Gross operating margin9900 | €107,079 | €96,445 | €76,377 | €85,030 | €91,721 | €115,667 | €104,453 | €237,120 | ▲ 127% |
| Operating profit (loss)9901 | €42,345 | €32,570 | €9,953 | €15,502 | €20,197 | €54,541 | €26,122 | €159,863 | ▲ 512% |
| Financial income75/76B | - | - | - | €2 | - | €0 | - | €4,280 | - |
| Recurring financial income75 | €12 | €13 | €0 | €2 | - | €0 | - | €4,280 | - |
| Financial charges65/66B | - | - | - | €28 | €62 | €54 | €52 | €177 | ▲ 241% |
| Recurring financial charges65 | €37 | €48 | €118 | €28 | €62 | €54 | €52 | €177 | ▲ 241% |
| Profit (loss) for the period before taxes9903 | €42,320 | €32,535 | €9,835 | €15,476 | €20,135 | €54,487 | €26,071 | €163,966 | ▲ 529% |
| Income taxes67/77 | €14,482 | €10,590 | €3,958 | €3,556 | €6,044 | €12,914 | €6,658 | €42,370 | ▲ 536% |
| Profit (loss) for the period9904 | €27,837 | €21,945 | €5,877 | €11,920 | €14,091 | €41,573 | €19,413 | €121,596 | ▲ 526% |
| Profit (loss) for the period to be appropriated9905 | €27,837 | €21,945 | €5,877 | €11,920 | €14,091 | €41,573 | €19,413 | €121,596 | ▲ 526% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €1.3m | ▲ 14.5% |
| Fixed assets21/28 | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | €0.8m | €0.8m | €0.7m | ▼ 16.2% |
| Tangible fixed assets22/27 | €0.8m | €0.8m | €0.8m | €0.8m | €0.7m | €0.8m | €0.8m | €0.7m | ▼ 16.2% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.5m | ▼ 17.7% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.02m | €0.04m | €0.08m | €0.08m | ▲ 5.6% |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.001m | €0.07m | €0.06m | €0.04m | ▼ 27.1% |
| Financial fixed assets28 | - | - | - | - | - | - | - | €0 | - |
| Current assets29/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.6m | ▲ 86.6% |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €0.007m | €0.01m | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 25.7% |
| Trade receivables40 | - | - | - | - | - | - | €0.005m | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 0.6% |
| Current investments50/53 | €0.001m | €0.001m | €0.001m | €0.001m | €0 | €0.1m | €0.1m | €0.2m | ▲ 50.6% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.5m | ▲ 113% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | €1.1m | €1.3m | ▲ 14.5% |
| Equity10/15 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | €1.1m | €1.2m | ▲ 11.3% |
| Contributions10/11 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Capital10 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Issued capital100 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Reserves13 | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Non-distributable reserves130/1 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Legal reserve130 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | = |
| Profit (loss) carried forward14 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 47.5% |
| Amounts payable17/49 | €0.08m | €0.07m | €0.06m | €0.05m | €0.05m | €0.05m | €0.04m | €0.09m | ▲ 91.3% |
| Amounts payable within one year42/48 | €0.08m | €0.06m | €0.06m | €0.05m | €0.05m | €0.05m | €0.04m | €0.09m | ▲ 91.3% |
| Trade debts44 | €116 | €45 | €0 | €116 | €382 | €0.001m | €0.001m | €0.001m | ▼ 11.1% |
| Suppliers440/4 | - | - | - | €116 | €382 | €0.001m | €0.001m | €0.001m | ▼ 11.1% |
| Taxes, remuneration and social security45 | - | - | - | - | €44 | €0.009m | €0.003m | €0.03m | ▲ 12× |
| Taxes450/3 | - | - | - | - | €44 | €0.009m | €0.003m | €0.03m | ▲ 12× |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.05m | €0.04m | €0.04m | €0.05m | ▲ 29.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,837 | €21,945 | €5,877 | €11,920 | €14,091 | €41,573 | €19,413 | €121,596 | ▲ 526% |
| + Depreciation and write-downs630 | €52,674 | €52,674 | €54,819 | €57,676 | €59,580 | €48,055 | €65,116 | €63,547 | ▼ 2.4% |
| Operating cash flow (approximation) | €80,511 | €74,619 | €60,697 | €69,595 | €73,671 | €89,628 | €84,529 | €185,143 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€25,957 | -€27,844 | -€31,771 | -€10,446 | -€147,785 | -€47,449 | €63,073 | - |
| Change in cash | - | €30,468 | €15,874 | €28,455 | €60,028 | -€153,413 | €24,243 | €242,868 | ▲ 902% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as IMODI has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of IMODI itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for IMODI. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-07-2026 | 2026-00329621 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00452076 | |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00143555 | |
| 31-12-2022 | micro format | 22-06-2023 | 2023-00144255 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20111156 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-31800548 | |
| 31-12-2019 | micro format | 07-08-2020 | 2020-40200346 | |
| 31-12-2018 | micro format | 04-07-2019 | 2019-30600434 | |
| 31-12-2017 | micro format | 12-07-2018 | 2018-33400555 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-40400087 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
IMODI shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of IMODI. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62084C0124/00Z000 | Wallonia | 882 m² | 1 · 111 m² | 7.6 m · 2 |