Immodena
ActiveSummary
Immodena has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.77M and a net result of €396k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 79% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €310k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 0.33 in 2024; short-term debt: 10.5% and cash: 2.1% of total assets), and 22.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
77.8%
Return on assets
8.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
13 d early
2023
on the day
2022
18 d early
2021
5 d early
2020
11 d early
2019
14 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€644k
EBIT margin
51.4%
Net result
€396k▲ 2.2%
2024 · €387k
2018: €225k
2019: €186k
2020: €200k
2021: €258k
2022: €249k
2023: €377k
2024: €387k
2018 → 2025
Working capital
€202k
2024 · €-373k
2018: €136k
2019: €-41k
2020: €-13k
2021: €114k
2022: €-491k
2023: €-549k
2024: €-373k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.92M-€3.06M▲ 4.8%€3.21M▲ 5.1%€3.45M▲ 7.4%€3.77M▲ 9.2%
Operating result€355k-€353k▼ 0.5%€496k▲ 40.5%€510k▲ 2.8%€526k▲ 3.3%
Net result€258k-€249k▼ 3.2%€377k▲ 51.1%€387k▲ 2.8%€396k▲ 2.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.84M
Fixed assets
€4.13M ▼ 4.6%
Current assets
€712k ▲ 283%
Equity and liabilities €4.84M
Equity
€3.77M ▲ 9.2%
Debt
€1.08M ▲ 1.0%
Debt's share of the balance-sheet total falls from 23.6% to 22.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€749k▲
2024 · €730k
Cash flow
€618k▲
2024 · €608k
Current ratio
1.40▲
2024 · 0.33
Debt to equity
0.29▼
2024 · 0.31
ROE
10.5%▼
2024 · 11.2%
ROA
8.2%▼
2024 · 8.6%
Interest coverage
24.14▼
2024 · 35.49
Debt ≤ 1 year
€510k▼
2024 · €558k
Debt > 1 year
€567k▲
2024 · €508k
Income taxes
€105k▲
2024 · €102k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.52M€4.84M▲
Fixed assets21/28€4.33M€4.13M▼
Tangible fixed assets22/27€4.33M€4.13M▼
Land and buildings22€4.33M€4.13M▼
Current assets29/58€186k€712k▲
Amounts receivable within one year40/41€0€612k▲
Trade receivables40€0€12k▲
Other amounts receivable41€0€600k▲
Cash at bank and in hand54/58€186k€101k▼
Equity and liabilities
Total equity and liabilities10/49€4.52M€4.84M▲
Equity10/15€3.45M€3.77M▲
Contributions10/11€324k€324k=
Capital10€322k€322k=
Issued capital100€322k€322k=
Outside capital11€2k€2k=
Share premium1100/10€2k€2k=
Revaluation surpluses12€102k€102k=
Reserves13€3.03M€3.34M▲
Non-distributable reserves130/1€32k€32k=
Legal reserve130€32k€32k=
Distributable reserves133€2.99M€3.31M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.07M€1.08M▲
Amounts payable after more than one year17€508k€567k▲
Financial debts170/4€383k€106k▼
Other amounts payable178/9€125k€461k▲
Amounts payable within one year42/48€558k€510k▼
Current portion of amounts payable after more than one year42€357k€277k▼
Financial debts43€7k€7k=
Credit institutions430/8€7k€7k=
Trade debts44€675€2k▲
Suppliers440/4€675€2k▲
Taxes, remuneration and social security45€37k€44k▲
Taxes450/3€37k€44k▲
Other amounts payable47/48€156k€181k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220k€222k▲
Other operating charges640/8€95k€97k▲
Gross operating margin9900€824k€846k▲
Operating profit (loss)9901€510k€526k▲
Financial income75/76B-€6k
Recurring financial income75-€6k
Financial charges65/66B€21k€31k▲
Recurring financial charges65€21k€31k▲
Profit (loss) for the period before taxes9903€489k€501k▲
Income taxes67/77€102k€105k▲
Profit (loss) for the period9904€387k€396k▲
Profit (loss) for the period to be appropriated9905€387k€396k▲
Appropriation of the result
Profit (loss) to be appropriated9906€387k€396k▲
Transfer to equity691/2€237k€316k▲
To other reserves6921€237k€316k▲
Profit to be distributed694/7€150k€80k▼
Return on contributions (dividend)694€70k€0▼
Directors or managers695€80k€80k=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €396k ▲2.2%
Operating result €526k, net result €396k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.40
Current ratio from 0.33 to 1.40; short-term debt falls from €558k to €510k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €186k ▼17.3%
Net result drops to €186k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · full 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.
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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, Namur · 1 establishment unit since 1954
Ground area
732 m²
Building footprint
243 m²
Volume, LiDAR
3,303 m³
Parcel 92108B0236/00V000, Wallonia · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Gembloux(SS) 13, 5002 Namur
since 19542.037.999.395
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92108B0236/00V000 | Wallonia | 732 m² | 1 · 243 m² | 17.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 3,541 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-08-1954
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.