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IMRODE

Active
Private limited company (pre-2019)founded 198342 yrs activeBaronstraat 88, 8870 Izegem, BelgiumKBO/BCE: BE 0425.104.181
Summary

IMRODE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €908,177 and a net result of €7,730. Equity remains stable across the filed fiscal years (±0.1% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability38=
Solvency70=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.35 against 0.37 in 2024; short-term debt: 54.6% and cash: 0.3% of total assets), and 54.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
45.4%
Return on assets
0.4%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 filings
Deviation from the deadline
2025
27 d late
2024
392 d late
2023
104 d late
2022
151 d late
2021
51 d late
2020
1 d late
2019
18 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 101 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 December 1983, IMRODE was incorporated.1 Total assets went from EUR 1.9 million in 2019 to EUR 2 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€908,177▲ 0.9%
2024 · €900,447
Total assets
€2.0m▲ 1.1%
2024 · €2.0m
Net result
€7,730
2024 · €0
Working capital
-€711,252▼ 4.1%
2024 · -€682,954
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€31,524▼ 42.6%€36,371▲ 15.4%€36,006▼ 1.0%€60,006▲ 66.7%€68,338▲ 13.9%
Net result€223▼ 98.0%€953▲ 327%€2,967▲ 211%€0▼ 100%€7,730
Equity€898,258=€899,211▲ 0.1%€900,447▲ 0.1%€900,447=€908,177▲ 0.9%
Total assets€1.8m▲ 1.0%€1.9m▲ 3.5%€1.9m▲ 1.2%€2.0m▲ 3.2%€2.0m▲ 1.1%
Debt€934,414▲ 2.0%€996,831▲ 6.7%€1.0m▲ 2.1%€1.1m▲ 6.0%€1.1m▲ 1.3%
Working capital-€584,120▼ 16.7%-€387,117▲ 33.7%-€536,648▼ 38.6%-€682,954▼ 27.3%-€711,252▼ 4.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2021: €31,524€31,524Net result 2021: €223€223Operating result 2022: €36,371€36,371Net result 2022: €953€953Operating result 2023: €36,006€36,006Net result 2023: €2,967€2,967Operating result 2024: €60,006€60,006Net result 2024: €0€0Operating result 2025: €68,338€68,338Net result 2025: €7,730€7,73020212022202320242025€0€20,000€40,000€60,000Operating result 2023: €36,006€36,000Net result 2023: €2,967€2,970Operating result 2024: €60,006€60,000Net result 2024: €0€0Operating result 2025: €68,338€68,300Net result 2025: €7,730€7,730202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets €1.6m ▲ 2.3%
Current assets €381,850 ▼ 3.6%
Equity and liabilities €2.0m
Equity €908,177 ▲ 0.9%
Debt €1.1m ▲ 1.3%
Debt's share of the balance-sheet total rises from 54.5% to 54.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€134,309▼
2024 · €152,848
Cash flow
€73,701▼
2024 · €92,842
Current ratio
0.35▼
2024 · 0.37
Debt to equity
1.20▲
2024 · 1.20
ROE
0.9%▲
2024 · 0.0%
ROA
0.4%▲
2024 · 0.0%
Interest coverage
2.25▼
2024 · 2.35
Debt ≤ 1 year
€1.1m▲
2024 · €1.1m
Income taxes
€5,307
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 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 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 14,684 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.0m€2.0m▲
Fixed assets21/28€1.6m€1.6m▲
Tangible fixed assets22/27€1.6m€1.6m▲
Land and buildings22€1.6m€1.6m▲
Current assets29/58€395,935€381,850▼
Amounts receivable within one year40/41€33,961€42,923▲
Trade receivables40-€980
Other amounts receivable41€33,961€41,943▲
Current investments50/53€75,000€332,241▲
Cash at bank and in hand54/58€286,974€6,686▼
Equity and liabilities
Total equity and liabilities10/49€2.0m€2.0m▲
Equity10/15€900,447€908,177▲
Contributions10/11€20,000€20,000=
Reserves13€880,447€888,177▲
Non-distributable reserves130/1€61,230€61,230=
Reserves not available under the articles1311€61,230€61,230=
Tax-exempt reserves132€18,750€18,750=
Distributable reserves133€800,467€808,197▲
Amounts payable17/49€1.1m€1.1m▲
Amounts payable within one year42/48€1.1m€1.1m▲
Advances received on contracts in progress46€40,000-
Taxes, remuneration and social security45€4,448€22,229▲
Taxes450/3€4,448€22,229▲
Other amounts payable47/48€1.0m€1.1m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92,842€65,971▼
Other operating charges640/8€1,112€2,108▲
Gross operating margin9900€153,960€136,417▼
Operating profit (loss)9901€60,006€68,338▲
Financial income75/76B€5,032€4,439▼
Recurring financial income75€5,032€4,439▼
Financial charges65/66B€65,038€59,740▼
Recurring financial charges65€65,038€59,740▼
Profit (loss) for the period before taxes9903€0€13,037▲
Income taxes67/77-€5,307
Profit (loss) for the period9904€0€7,730▲
Profit (loss) for the period to be appropriated9905€0€7,730▲
Appropriation of the result
Profit (loss) to be appropriated9906€0€7,730▲
Transfer to equity691/2-€7,730
To other reserves6921-€7,730

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A-€25,000----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32,099€45,114€118,327€92,842€65,971▼ 28.9%
Other operating charges640/8-€1,821€1,439€1,112€2,108▲ 89.6%
Gross operating margin9900€108,682€83,306€155,772€153,960€136,417▼ 11.4%
Operating profit (loss)9901€31,524€36,371€36,006€60,006€68,338▲ 13.9%
Financial income75/76B-€2,830€3,698€5,032€4,439▼ 11.8%
Recurring financial income75€5,102€2,830€3,698€5,032€4,439▼ 11.8%
Financial charges65/66B-€37,924€36,737€65,038€59,740▼ 8.1%
Recurring financial charges65€36,403€37,924€36,737€65,038€59,740▼ 8.1%
Profit (loss) for the period before taxes9903€223€1,277€2,967€0€13,037-
Income taxes67/77-€324--€5,307-
Profit (loss) for the period9904€223€953€2,967€0€7,730-
Profit (loss) for the period to be appropriated9905€223€953€2,967€0€7,730-
Line20212022202320242025Change
Assets
Total assets20/58€1.8m€1.9m€1.9m€2.0m€2.0m▲ 1.1%
Fixed assets21/28€1.5m€1.3m€1.4m€1.6m€1.6m▲ 2.3%
Tangible fixed assets22/27€1.5m€1.3m€1.4m€1.6m€1.6m▲ 2.3%
Land and buildings22-€1.3m€1.4m€1.6m€1.6m▲ 2.3%
Current assets29/58€350,294€584,701€481,023€395,935€381,850▼ 3.6%
Amounts receivable within one year40/41€157,644€125,613€121,194€33,961€42,923▲ 26.4%
Trade receivables40-€5,712€1,993-€980-
Other amounts receivable41-€119,901€119,201€33,961€41,943▲ 23.5%
Current investments50/53€75,072€75,072€75,072€75,000€332,241▲ 343%
Cash at bank and in hand54/58€114,789€384,016€284,757€286,974€6,686▼ 97.7%
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.9m€1.9m€2.0m€2.0m▲ 1.1%
Equity10/15€898,258€899,211€900,447€900,447€908,177▲ 0.9%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Reserves13€878,258€878,258€880,447€880,447€888,177▲ 0.9%
Non-distributable reserves130/1-€61,230€61,230€61,230€61,230=
Reserves not available under the articles1311-€61,230€61,230€61,230€61,230=
Tax-exempt reserves132-€18,750€18,750€18,750€18,750=
Distributable reserves133-€798,278€800,467€800,467€808,197▲ 1.0%
Profit (loss) carried forward14-€953----
Amounts payable17/49€934,414€996,831€1.0m€1.1m€1.1m▲ 1.3%
Amounts payable within one year42/48€934,414€971,818€1.0m€1.1m€1.1m▲ 1.3%
Advances received on contracts in progress46---€40,000--
Taxes, remuneration and social security45-€11,328€22,307€4,448€22,229▲ 400%
Taxes450/3-€11,328€22,307€4,448€22,229▲ 400%
Other amounts payable47/48-€960,490€995,364€1.0m€1.1m▲ 3.5%
Accrued charges and deferred income492/3-€25,013€372---
Line20212022202320242025Change
Profit (loss) for the period9904€223€953€2,967€0€7,730-
+ Depreciation and write-downs630€32,099€45,114€118,327€92,842€65,971▼ 28.9%
Operating cash flow (approximation)€32,322€46,067€121,294€92,842€73,701▼ 20.6%
Investment in fixed assets (approximation)-€125,923-€244,453-€238,776-€101,999▲ 57.3%
Change in cash-€269,227-€99,259€2,217-€280,288▼ 12,743%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
27-02
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
27-02
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 392 days late
2025
30-06
Financial Back to profitnet €7,730
Net result €7,730 after one loss-making year.
2024
14-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
2023
01-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 151 days late
2022
23-03
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 51 days late
2021
01-02
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
30-06
Financial Back to profitnet €11,095
Net result €11,095 after one loss-making year.
13-01
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-01
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has 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
3 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, Izegem · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
1.2 ha
Building footprint
1,140 m²
Volume, LiDAR
5,653 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
IMRODE
Henri Jasparlaan 38, 8434 MiddelkerkeInsurance, reinsurance and pension funding, except compulsory social security
since 20022.023.670.616
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36492A0565/00F000 Flanders 1.0 ha 1 · 822 m² 8.6 m · 2 fl.
35022A0002/00D003 Flanders 1,954 m² 1 · 318 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-1983
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.