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MOFIMMO

Active
Public limited companyfounded 198937 yrs activeOostendelaan(Kok) 11, 8670 Koksijde, BelgiumKBO/BCE: BE 0437.130.894
Summary

MOFIMMO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,472 and a net result of -€5,761. Equity is shrinking by ~20.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability15▲+15
Solvency87▼-11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.11 in 2024; short-term debt: 37.6% and cash: 10.3% of total assets), and 37.6% of the assets are financed with debt.
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Signals

Six 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 37 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
62.4%
Return on assets
-21.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,761
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
20 d late
2023
22 d early
2022
52 d early
2021
62 d early
2020
30 d late
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 13 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 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

MOFIMMO was incorporated on 24 March 1989.1 The board currently has 2 members; Emmanuel Renard has served longest, since 2026.2 Total assets fell from EUR 76,754 in 2018 to EUR 26,380 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 15-09-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€16,472▼ 25.9%
2024 · €22,233
Total assets
€26,380▼ 13.1%
2024 · €30,353
Net result
-€5,761▲ 15.1%
2024 · -€6,789
Working capital
-€7,187▲ 0.8%
2024 · -€7,248
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-€8,914▲ 2.2%-€7,833▲ 12.1%-€8,361▼ 6.7%-€6,716▲ 19.7%-€5,686▲ 15.3%
Net result-€8,568▼ 1.2%-€7,902▲ 7.8%-€8,430▼ 6.7%-€6,789▲ 19.5%-€5,761▲ 15.1%
Equity€45,353▼ 25.6%€37,452▼ 17.4%€29,022▼ 22.5%€22,233▼ 23.4%€16,472▼ 25.9%
Total assets€45,353▼ 25.6%€40,855▼ 9.9%€30,809▼ 24.6%€30,353▼ 1.5%€26,380▼ 13.1%
Debt€3,404€1,788▼ 47.5%€8,120▲ 354%€9,908▲ 22.0%
Working capital€1,794-€1,324-€7,248▼ 447%-€7,187▲ 0.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€7,500-€5,000-€2,500€0Operating result 2021: -€8,914-€8,914Net result 2021: -€8,568-€8,568Operating result 2022: -€7,833-€7,833Net result 2022: -€7,902-€7,902Operating result 2023: -€8,361-€8,361Net result 2023: -€8,430-€8,430Operating result 2024: -€6,716-€6,716Net result 2024: -€6,789-€6,789Operating result 2025: -€5,686-€5,686Net result 2025: -€5,761-€5,76120212022202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€8,361-€8,360Net result 2023: -€8,430-€8,430Operating result 2024: -€6,716-€6,720Net result 2024: -€6,789-€6,790Operating result 2025: -€5,686-€5,690Net result 2025: -€5,761-€5,760202320242025
The operating result stays negative: a loss of €5,686 in 2025 against €6,716 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26,380
Fixed assets €23,659 ▼ 19.7%
Current assets €2,721 ▲ 212%
Equity and liabilities €26,380
Equity €16,472 ▼ 25.9%
Debt €9,908 ▲ 22.0%
Debt's share of the balance-sheet total rises from 26.8% to 37.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€135▲
2024 · -€1,135
Cash flow
€60▲
2024 · -€1,208
Current ratio
0.27▲
2024 · 0.11
Debt to equity
0.60▲
2024 · 0.37
ROE
-35.0%▼
2024 · -30.5%
ROA
-21.8%▲
2024 · -22.4%
Interest coverage
1.80▲
2024 · -15.44
Debt ≤ 1 year
€9,908▲
2024 · €8,120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
1.5% went bankrupt
13% stopped otherwise
84% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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% 1.7%
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 75% 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 5,836 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 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€30,353€26,380▼
Fixed assets21/28€29,480€23,659▼
Tangible fixed assets22/27€29,480€23,659▼
Land and buildings22€20,337€16,495▼
Plant, machinery and equipment23€9,143€7,164▼
Current assets29/58€872€2,721▲
Cash at bank and in hand54/58€872€2,721▲
Equity and liabilities
Total equity and liabilities10/49€30,353€26,380▼
Equity10/15€22,233€16,472▼
Contributions10/11€80,000€80,000=
Capital10€80,000€80,000=
Issued capital100€80,000€80,000=
Reserves13€1,799€1,799=
Non-distributable reserves130/1€1,799€1,799=
Legal reserve130€1,799€1,799=
Profit (loss) carried forward14-€59,566-€65,327▼
Amounts payable17/49€8,120€9,908▲
Amounts payable within one year42/48€8,120€9,908▲
Trade debts44€444€2,572▲
Suppliers440/4€444€2,572▲
Other amounts payable47/48€7,676€7,337▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,581€5,821▲
Other operating charges640/8€3,502€3,526▲
Gross operating margin9900€2,368€3,661▲
Operating profit (loss)9901-€6,716-€5,686▲
Financial charges65/66B€74€75▲
Recurring financial charges65€74€75▲
Profit (loss) for the period before taxes9903-€6,789-€5,761▲
Profit (loss) for the period9904-€6,789-€5,761▲
Profit (loss) for the period to be appropriated9905-€6,789-€5,761▲
Appropriation of the result
Profit (loss) to be appropriated9906-€59,566-€65,327▼
Profit (loss) brought forward from the previous period14P-€52,777-€59,566▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,311€5,311€5,311€5,581€5,821▲ 4.3%
Other operating charges640/8€3,027€3,087€3,399€3,502€3,526▲ 0.7%
Gross operating margin9900-€576€565€349€2,368€3,661▲ 54.6%
Operating profit (loss)9901-€8,914-€7,833-€8,361-€6,716-€5,686▲ 15.3%
Financial income75/76B€414-----
Recurring financial income75€414-----
Financial charges65/66B€67€69€69€74€75▲ 2.0%
Recurring financial charges65€67€69€69€74€75▲ 2.0%
Profit (loss) for the period before taxes9903-€8,568-€7,902-€8,430-€6,789-€5,761▲ 15.1%
Profit (loss) for the period9904-€8,568-€7,902-€8,430-€6,789-€5,761▲ 15.1%
Profit (loss) for the period to be appropriated9905-€8,568-€7,902-€8,430-€6,789-€5,761▲ 15.1%
Line20212022202320242025Change
Assets
Total assets20/58€45,353€40,855€30,809€30,353€26,380▼ 13.1%
Fixed assets21/28€40,968€35,657€30,346€29,480€23,659▼ 19.7%
Tangible fixed assets22/27€40,968€35,657€30,346€29,480€23,659▼ 19.7%
Land and buildings22€31,749€27,945€24,141€20,337€16,495▼ 18.9%
Plant, machinery and equipment23€9,219€7,712€6,205€9,143€7,164▼ 21.6%
Current assets29/58€4,385€5,198€463€872€2,721▲ 212%
Amounts receivable within one year40/41€2,596-----
Other amounts receivable41€2,596-----
Cash at bank and in hand54/58€1,375€5,198€463€872€2,721▲ 212%
Deferred charges and accrued income490/1€414-----
Equity and liabilities
Total equity and liabilities10/49€45,353€40,855€30,809€30,353€26,380▼ 13.1%
Equity10/15€45,353€37,452€29,022€22,233€16,472▼ 25.9%
Contributions10/11€80,000€80,000€80,000€80,000€80,000=
Capital10€80,000€80,000€80,000€80,000€80,000=
Issued capital100€80,000€80,000€80,000€80,000€80,000=
Reserves13€1,799€1,799€1,799€1,799€1,799=
Non-distributable reserves130/1€1,799€1,799€1,799€1,799€1,799=
Legal reserve130€1,799€1,799€1,799€1,799€1,799=
Profit (loss) carried forward14-€36,445-€44,347-€52,777-€59,566-€65,327▼ 9.7%
Amounts payable17/49-€3,404€1,788€8,120€9,908▲ 22.0%
Amounts payable within one year42/48-€3,404€1,788€8,120€9,908▲ 22.0%
Trade debts44--€403€444€2,572▲ 479%
Suppliers440/4--€403€444€2,572▲ 479%
Other amounts payable47/48-€3,404€1,385€7,676€7,337▼ 4.4%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,568-€7,902-€8,430-€6,789-€5,761▲ 15.1%
+ Depreciation and write-downs630€5,311€5,311€5,311€5,581€5,821▲ 4.3%
Operating cash flow (approximation)-€3,256-€2,591-€3,119-€1,208€60▲ 105%
Investment in fixed assets (approximation)-€0€0-€4,715€0▲ 100%
Change in cash-€3,823-€4,735€409€1,848▲ 352%

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 31-07-2027
2026
15-09
State Gazette act Reappointments: Emmanuel Renard (director) and Marie Agnes Persoon (director)
5 facts ▸
  • General meeting, 15-04-2026
  • Director reappointment, Emmanuel Renard (director)
  • Director reappointment, Marie Agnes Persoon (director)
  • Board meeting, 15-04-2026
  • Director reappointment, Emmanuel Renard (managing director)
26-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
20-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
09-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Weakest financial yearnet -€8,568
Net result drops to -€8,568, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
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.

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Directors · office · real estate

Directors
2 directors, 1 in day-to-day management, last change in 2026

Board 2

Emmanuel Renard
Director · since 15-04-2026
Current
Marie Agnes Persoon
Director · since 15-04-2026
Current

Day-to-day management 1

Emmanuel Renard
Managing director · since 15-04-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 1990
seat establishment The establishment unit on the map
Ground area
1,069 m²
Building footprint
560 m²
Volume, LiDAR
8,565 m³
Parcel 38014D0038/00C000, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Oostendelaan(Kok) 11, 8670 Koksijde
NACE 70201
since 19902.048.999.096
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
38014D0038/00C000 Flanders 1,069 m² 1 · 560 m² 18.3 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.

Mandate history

2 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Emmanuel Renard
  • Director, already before 15-04-2026 to date
  • Managing director, already before 15-04-2026 to date
Marie Agnes Persoon
  • Director, already before 15-04-2026 to date
See the board, name and seat on a given date →

Structure & network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Identification & contact

Identification
Legal formPublic limited company
Founded24-03-1989
Fiscal year end31-12
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.

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Register as of 28 September 2026 · Peppol Directory

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