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IMMODEL

Active
Public limited companyfounded 200917 yrs activeLouis Schmidtlaan 7, 1040 Etterbeek, BelgiumKBO/BCE: BE 0812.223.461
Summary

IMMODEL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.5m and a net result of €265,430. Equity remains stable across the filed fiscal years (±2.3% per year). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
IMMODELActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Toutes opérations et toutes études ayant trait à tous biens et/ou à tous droits…
From the articlesNo NACE code in the KBO yet1 site
Size
€11.6mtotal assets 2025
Equity
€11.5m
Profit
€265,430
Financial health
85 Excellent Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Parent
Compagnie Financière Richemont SA
Board
3 members
Auditor: KPMGAccounts 23 d early
Why 85- Liquidity: current ratio 5.26, cash €0, halved- Figures for FY 2025 (filed 11-10-2025)+ Size: total assets €11.6m+ Equity €11.5m (99.1% of total assets)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Better than 58% of its sector peers (no NACE code, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 99.1% of total assets
Liquidity 50-1
short-term debt 0.9% · cash 0.0%
Profitability 43=
return on assets 2.3%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.5%highest value 12-2024: < 0.1%▼ -90.4% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%▲ +4.3% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%● 0.0% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: 0.1%▲ +26.5% vs 08-2025 10-2025: 0.1%▲ +48.4% vs 09-2025 11-2025: 0.2%▲ +168% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%● 0.0% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.3%▲ +10.5% vs 03-2026 05-2026: 0.3%● 0.0% vs 04-2026 06-2026: 0.3%▲ +0.4% vs 05-2026 07-2026: 0.3%▼ -8.0% vs 06-2026 08-2026: 0.3%▼ -0.4% vs 07-2026 09-2026: 0.3%▲ +1.6% vs 08-2026 10-2026: 0.4%▲ +48.2% vs 09-2026
  • Liquidity: current ratio 5.26, cash €0, halved raises the probability
  • Size: total assets €11.6m lowers the probability for this profile
  • Figures for FY 2025 (filed 11-10-2025) raises the probability
  • Equity €11.5m (99.1% of total assets) lowers the probability
Credit up to €950,000 at 30 days acceptable
Liquidity ample (current ratio 5.26 against 0.33 in 2024; short-term debt: 0.9% and cash: 0% of total assets), and 0.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, medium-sized). Better than this share of them on solvency 74%, liquidity 33%, profitability 62%, growth against the median 60%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Liquidity: current ratio 5.26, cash €0, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €11.6m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Figures for FY 2025 (filed 11-10-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €11.5m (99.1% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 08-10-2025, 23 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
23 d early
2024
on the day
2023
41 d early
2022
6 d early
2020
25 d late
2019
5 d late
2018
28 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 10 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 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 17 October (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close03-10-2026 today31-10-2026 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
  1. Resignation: Grégoire Bedoret (director)Appointment: Karine Willame (director) ·…
  2. Appointment: KPMG (statutory auditor)Permanent representative: Vanessa Cordonnier
  3. Resignation: Thomas Loest (director)Appointment: Axel Meyer (director) ·…

Key points

  • Controlled by Compagnie Financière Richemont SAknown shareholders 100% parent View
  • Positive: 7 profitable years in a rowprofit 2025: €265,430 7 years View
  • Board changedlatest change 23-02-2026 · 3 in office 1 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€11.6m
Profit
€265,430
Solvency
99.1%
Total assets▲ 0.5%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
Compagnie Financière Richemont SA
Known shareholders
100%
Auditor
KPMG
Go to Board & ownership

Timeline

Events
36
Since
2010
Next accounts
by 31-10-2026
  1. 23-03-2026Resignation: Grégoire Bedoret (director)
  2. 02-03-2026Appointment: KPMG (statutory auditor)
  3. 02-03-2026Resignation: Thomas Loest (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
11-06-2009
Year ends
31-03
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
1
Purpose
Toutes opérations et toutes études ayant trait à tous biens et/ou à tous droits…
Go to Articles of association

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