ACTIVE

Immodena

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Financial year 2025 · closed on 31/12/2025

Net result

395,9 k €

+2.2% YoY

Gross margin

846 k €

+2.6% YoY

Equity

3,8 M €

+9.2% YoY

What does Immodena do?

Immodena is a Public limited company incorporated in 1954. Its registered office is in Namur.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0401.412.328

Incorporation

28/08/1954

Legal form

Public limited company

Registered office

Rue de Gembloux(SS) 13
5002 Namur · WallonieSee on map

Contributed capital

323 997,63 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	846 k €	+2.6%	824,5 k €	+2.1%	807,5 k €	+26.2%	639,9 k €	+1.0%	633,6 k €		–		–		–		–		–		–		–		–		–		–		295,8 k €	-1.4%	299,9 k €
EBITDA	748,7 k €	+2.6%	729,9 k €	+2.1%	714,7 k €	+28.3%	557 k €	+0.8%	552,4 k €	+12.3%	491,8 k €	+3.3%	476,1 k €	+16.7%	407,8 k €	+4.1%	391,6 k €	-2.4%	401,1 k €	-3.2%	414,2 k €	+2.2%	405,5 k €	+6.1%	382 k €	+33.2%	286,8 k €	+2.9%	278,8 k €	+8.9%	255,9 k €	-2.1%	261,5 k €
Operating result	526,4 k €	+3.3%	509,5 k €	+2.8%	495,8 k €	+40.5%	352,9 k €	-0.5%	354,7 k €	+7.1%	331,3 k €	+21.2%	273,5 k €	+3.4%	264,4 k €	+10.8%	238,5 k €	-15.7%	282,8 k €	-4.3%	295,6 k €	+3.0%	287 k €	+7.3%	267,4 k €	+18.8%	225 k €	+9.3%	205,8 k €	-1.4%	208,7 k €	-2.5%	214,1 k €
Net result	395,9 k €	+2.2%	387,4 k €	+2.8%	376,8 k €	+51.1%	249,3 k €	-3.2%	257,6 k €	+14.7%	224,6 k €	+27.6%	176,1 k €	+3.4%	170,3 k €	+3.6%	164,4 k €	-11.7%	186,2 k €	-3.4%	192,8 k €	+6.6%	180,8 k €	+13.1%	159,8 k €	+6.5%	150,1 k €	+11.7%	134,4 k €	+2.9%	130,6 k €	+4.4%	125,2 k €
Balance sheet
Equity	3,8 M €	+9.2%	3,5 M €	+7.4%	3,2 M €	+5.1%	3,1 M €	+4.8%	2,9 M €	+14.1%	2,6 M €	+9.1%	2,3 M €	+7.5%	2,2 M €	+7.8%	2 M €	+8.2%	1,9 M €	+10.3%	1,7 M €	+12.0%	1,5 M €	+13.6%	1,3 M €	+13.6%	1,2 M €	+14.7%	1 M €	+15.1%	888,4 k €	+17.2%	757,8 k €
Total assets	4,8 M €	+7.2%	4,5 M €	-4.1%	4,7 M €	-2.2%	4,8 M €	+16.5%	4,1 M €	+19.9%	3,4 M €	+1.1%	3,4 M €	-0.4%	3,4 M €	+30.2%	2,6 M €	+1.3%	2,6 M €	+2.3%	2,5 M €	-0.9%	2,6 M €	-1.5%	2,6 M €	-6.5%	2,8 M €	+89.0%	1,5 M €	+0.3%	1,5 M €	-0.4%	1,5 M €
Cash	100,5 k €	-45.9%	185,8 k €	+25.3%	148,3 k €	+41.4%	104,8 k €	-79.2%	503,1 k €	+39.9%	359,7 k €	+121%	162,8 k €	-55.8%	368,2 k €	+65.5%	222,5 k €	-32.8%	331,3 k €	+81.2%	182,8 k €	+109%	87,5 k €	+394%	17,7 k €	-74.0%	68,1 k €	+5504%	1,2 k €	-98.9%	113,4 k €	+24.5%	91,1 k €
Debts	1,1 M €	+1.0%	1,1 M €	-28.8%	1,5 M €	-14.8%	1,8 M €	+44.7%	1,2 M €	+36.6%	889,3 k €	-16.5%	1,1 M €	-14.4%	1,2 M €	+105%	607,9 k €	-16.3%	726,3 k €	-13.8%	842,8 k €	-19.6%	1 M €	-17.4%	1,3 M €	-21.1%	1,6 M €	+259%	447,6 k €	-22.4%	577,2 k €	-19.3%	714,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Jean-François Declerc

Director

Active

Jean-Louis Declerc

Managing director

Active

Jean-Philippe Declerc

Director

Active

Ended mandates

Geneviève Dassy

Director · since 29 juin 2017 · until 29 juin 2023

Ended

Jean-Francois Declerc

Director · since 29 juin 2017 · until 29 juin 2023

Ended

Jean-François Declerc

Director · since 29 juin 2017 · until 26 juin 2023

Ended

Jean-Louis Declerc

Managing director · since 29 juin 2017 · until 29 juin 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	18/07/2025	31/07/2024	13/07/2023	26/07/2022	20/07/2021
General meeting	29/06/2026	20/06/2025	28/06/2024	16/06/2023	30/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	23/07/2026	French	PDF
Micro model	31/12/2024	20/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	26/07/2022	French	PDF
Micro model	31/12/2020	25/06/2021	20/07/2021	French	PDF
Micro model	31/12/2019	29/06/2020	17/07/2020	French	PDF
Full model	31/12/2018	25/06/2019	03/07/2019	French	PDF
Full model	31/12/2017	26/06/2018	16/07/2018	French	PDF
Full model	31/12/2016	29/06/2017	10/07/2017	French	PDF
Full model	31/12/2015	27/05/2016	27/06/2016	French	PDF
Full model	31/12/2014	29/05/2015	09/06/2015	French	PDF
Full model	31/12/2013	30/05/2014	11/06/2014	French	PDF
Full model	31/12/2012	31/05/2013	26/06/2013	French	PDF
Full model	31/12/2011	25/05/2012	08/06/2012	French	PDF
Full model	31/12/2010	27/05/2011	16/06/2011	French	PDF
Full model	31/12/2009	28/05/2010	07/06/2010	French	PDF
Abridged model	31/12/2008	29/05/2009	12/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	05/06/2008	French	PDF
Abridged model	31/12/2006	25/05/2007	19/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Jean-François Declerc

Director

Active

Jean-Louis Declerc

Managing director

Active

Jean-Philippe Declerc

Director

Active

Ended mandates

Geneviève Dassy

Director · since 29 juin 2017 · until 29 juin 2023

Ended

Jean-Francois Declerc

Director · since 29 juin 2017 · until 29 juin 2023

Ended

Jean-François Declerc

Director · since 29 juin 2017 · until 26 juin 2023

Ended

Jean-Louis Declerc

Managing director · since 29 juin 2017 · until 29 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates16/01/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/06/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates02/07/2003
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025395,9 k €↑
2024
Annual accounts 2024387,4 k €↑
2023
Annual accounts 2023376,8 k €↑
2023
Name changeImmodena
2022
Annual accounts 2022249,3 k €↓
2021
Annual accounts 2021257,6 k €↑
2018
Annual accounts 2018224,6 k €↑
2017
Annual accounts 2017176,1 k €↑
2016
Annual accounts 2016170,3 k €↑
2015
Annual accounts 2015164,4 k €↓
2014
Annual accounts 2014186,2 k €↓
2013
Annual accounts 2013192,8 k €↑
2012
Annual accounts 2012180,8 k €↑
2011
Annual accounts 2011159,8 k €↑
2010
Annual accounts 2010150,1 k €↑
2009
Annual accounts 2009134,4 k €↑
2008
Annual accounts 2008130,6 k €↑
2007
Annual accounts 2007125,2 k €
2007
Name changeImmobilière Saint-Servaitoise
28/08/1954
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Immodena

Overview

What does Immodena do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline