INSTITUT MODERNE DEVELOPMENT
ActiveSummary
The computed 12-month bankruptcy probability of INSTITUT MODERNE DEVELOPMENT is 1.7% (moderate). The 2025 annual accounts show equity of €558k and a net result of €331. Equity is growing by ~230.1% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
cash: 99.7% of total assets, and 0% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
0.1%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 26-03-2026, 66 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
66 d early
2024
3 d early
2023
100 d early
2022
9 d early
2021
40 d early
2020
on the day
2019
19 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€21.12M
EBIT margin
3.9%
Net result
€331▼ 94.5%
2024 · €6k
2018: €-6k
2019: €1k▲ +118% vs 2018
2020: €27▼ -97.5% vs 2019
2021: €1k▲ +4888% vs 2020
2022: €559k▲ +41146% vs 2021highest in 8 years
2023: €-10k▼ -102% vs 2022lowest in 8 years
2024: €6k▲ +160% vs 2023
2025: €331▼ -94.5% vs 2024
2018 → 2025
Working capital
€552k▼ 1.8%
2022 · €562k
2018: €1.55Mhighest in 6 years
2019: €1k▼ -99.9% vs 2018lowest in 6 years
2020: €1k▲ +1.9% vs 2019
2021: €3k▲ +94.3% vs 2020
2022: €562k▲ +20021% vs 2021
2023: €552k▼ -1.8% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€21.12M
Equity€3k-€562k▲ 20,021%€552k▼ 1.8%€558k▲ 1.1%€558k▲ 0.1%
2021: €3klowest in 5 years
2022: €562k▲ +20021% vs 2021highest in 5 years
2023: €552k▼ -1.8% vs 2022
2024: €558k▲ +1.1% vs 2023
2025: €558k▲ +0.1% vs 2024
Operating result€3k-€831k▲ 27,312%€-10k€-9k▲ 8.8%€-6k▲ 37.4%
2021: €3k
2022: €831k▲ +27312% vs 2021highest in 5 years
2023: €-10k▼ -101% vs 2022lowest in 5 years
2024: €-9k▲ +8.8% vs 2023
2025: €-6k▲ +37.4% vs 2024
Net result€1k-€559k▲ 41,146%€-10k€6k€331▼ 94.5%
2021: €1k
2022: €559k▲ +41146% vs 2021highest in 5 years
2023: €-10k▼ -102% vs 2022lowest in 5 years
2024: €6k▲ +160% vs 2023
2025: €331▼ -94.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €9k in 2024; the loss shrinks.
Key figures and ratios
Solvency
100.0%=
2024 · 100.0%
ROE
0.1%▼
2024 · 1.1%
ROA
0.1%▼
2024 · 1.1%
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 · 26 lines
Balance sheet
Code20242025
Assets
Total assets20/58€558k€558k▲
Current assets29/58€558k€558k▲
Amounts receivable within one year40/41€4k€2k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€554k€556k▲
Equity and liabilities
Total equity and liabilities10/49€558k€558k▲
Equity10/15€558k€558k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€55€55=
Non-distributable reserves130/1€55€55=
Reserves not available under the articles1311€55€55=
Profit (loss) carried forward14€551k€552k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€9k-
Gross operating margin9900€-9k€-6k▲
Operating profit (loss)9901€-9k€-6k▲
Financial income75/76B€15k€7k▼
Recurring financial income75€15k€7k▼
Financial charges65/66B€47€1k▲
Recurring financial charges65€47€1k▲
Profit (loss) for the period before taxes9903€6k€331▼
Profit (loss) for the period9904€6k€331▼
Profit (loss) for the period to be appropriated9905€6k€331▼
Appropriation of the result
Profit (loss) to be appropriated9906€551k€552k▲
Profit (loss) brought forward from the previous period14P€545k€551k▲
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €21.12M | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €339 | €20.18M | €10k | €9k | - | - |
| Other operating charges640/8 | - | €121k | - | - | - | - |
| Gross operating margin9900 | €3k | €952k | €-10k | €-9k | €-6k | ▲ 37.4% |
| Operating profit (loss)9901 | €3k | €831k | €-10k | €-9k | €-6k | ▲ 37.4% |
| Financial income75/76B | - | - | - | €15k | €7k | ▼ 53.5% |
| Recurring financial income75 | - | - | - | €15k | €7k | ▼ 53.5% |
| Financial charges65/66B | €1k | €67k | €48 | €47 | €1k | ▲ 2,083% |
| Recurring financial charges65 | €1k | €67k | €48 | €47 | €1k | ▲ 2,083% |
| Profit (loss) for the period before taxes9903 | €2k | €764k | €-10k | €6k | €331 | ▼ 94.5% |
| Income taxes67/77 | €494 | €205k | - | - | - | - |
| Profit (loss) for the period9904 | €1k | €559k | €-10k | €6k | €331 | ▼ 94.5% |
| Profit (loss) for the period to be appropriated9905 | €1k | €559k | €-10k | €6k | €331 | ▼ 94.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21.13M | €769k | €552k | €558k | €558k | ▲ 0.1% |
| Current assets29/58 | €21.13M | €769k | €552k | €558k | €558k | ▲ 0.1% |
| Stocks and contracts in progress3 | €18.54M | - | - | - | - | - |
| Contracts in progress37 | €18.54M | - | - | - | - | - |
| Amounts receivable within one year40/41 | €60 | €529 | €849 | €4k | €2k | ▼ 46.4% |
| Other amounts receivable41 | €60 | €529 | €849 | €4k | €2k | ▼ 46.4% |
| Cash at bank and in hand54/58 | €2.59M | €768k | €552k | €554k | €556k | ▲ 0.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21.13M | €769k | €552k | €558k | €558k | ▲ 0.1% |
| Equity10/15 | €3k | €562k | €552k | €558k | €558k | ▲ 0.1% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Outside capital11 | €6k | €6k | €6k | €6k | €6k | = |
| Other1109/19 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €55 | €55 | €55 | €55 | €55 | = |
| Non-distributable reserves130/1 | €55 | €55 | €55 | €55 | €55 | = |
| Reserves not available under the articles1311 | €55 | €55 | €55 | €55 | €55 | = |
| Profit (loss) carried forward14 | €-3k | €555k | €545k | €551k | €552k | ▲ 0.1% |
| Amounts payable17/49 | €21.13M | €207k | €843 | - | - | - |
| Amounts payable within one year42/48 | €21.13M | €207k | €843 | - | - | - |
| Trade debts44 | €1k | €3k | €843 | - | - | - |
| Suppliers440/4 | €1k | €3k | €843 | - | - | - |
| Advances received on contracts in progress46 | €21.13M | - | - | - | - | - |
| Taxes, remuneration and social security45 | €494 | €204k | - | - | - | - |
| Taxes450/3 | €494 | €204k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €559k | €-10k | €6k | €331 | ▼ 94.5% |
| Operating cash flow (approximation) | €1k | €559k | €-10k | €6k | €331 | ▼ 94.5% |
| Change in cash | - | €-1.82M | €-217k | €2k | €2k | ▼ 19.6% |
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
Next filing, fiscal year 2026, expected by
2026
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-10
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-10
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-10
Financial
Liquidity times 177current ratio 655.26
Current ratio from 3.71 to 655.26; short-term debt falls from €207k to €843.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial
Highest result since 2018net €559k ▲41,146%
Operating result €831k, net result €559k, both a record.
31-10
Financial
Liquidity quadruplescurrent ratio 3.71
Current ratio from 1.00 to 3.71; short-term debt falls from €21.13M to €207k.
31-10
Financial
Equity above €500kEq €562k ▲20,021%
4 profitable years in a row build equity to €562k.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-10
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Anderlecht · 1 establishment unit since 2017
Ground area
2,312 m²
Building footprint
1,725 m²
Volume, LiDAR
15,759 m³
Parcel 21306D0325/00F000, Brussels · tallest building 40.0 m, ±1 floor. Linked by address, not a title deed.
185
companies at this address
See who is registered here
1 establishment unit
INSTITUT MODERNE DEVELOPMENT
since 20172.263.016.433
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0325/00F000 | Brussels | 2,312 m² | 1 · 1,725 m² | 40.0 m · 1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded27-02-2017
Fiscal year end31-10
Scores and ratios are computed by Checked and are not a credit decision.