ACTIVE

IMMODER

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Financial year 2025 · closed on 31/12/2025

Net result

311,8 k €

-8.7% YoY

Gross margin

545,3 k €

-7.6% YoY

Equity

1,9 M €

-14.8% YoY

What does IMMODER do?

IMMODER is a Public limited company incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Flobecq.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.821.149

Incorporation

24/12/1993

Legal form

Public limited company

Registered office

Rue Lieutenant Cotton 15
7880 Flobecq · WallonieSee on map

Contributed capital

62 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	545,3 k €	-7.6%	589,9 k €	-2.1%	602,3 k €	+4.8%	574,8 k €	+13.1%	508,3 k €	+4.3%	487,6 k €	-4.9%	512,5 k €	-0.1%	512,8 k €	+4.4%	491,2 k €	-0.4%	493,2 k €	+1.9%	483,8 k €	-7.0%	520,1 k €	+6.0%	490,8 k €	+1.3%	484,6 k €	+3.5%	468,4 k €	-0.5%	470,6 k €	+0.0%	470,5 k €	+3.0%	456,9 k €	+31.8%	346,6 k €	+1.5%	341,5 k €
EBITDA	478,7 k €	-9.1%	526,6 k €	-1.4%	534,2 k €	+7.4%	497,4 k €	+11.2%	447,4 k €	+3.2%	433,6 k €	-5.0%	456,7 k €	-0.8%	460,3 k €	+4.5%	440,6 k €	-0.2%	441,4 k €	+1.1%	436,5 k €	-7.8%	473,7 k €	+6.5%	444,8 k €	+1.1%	440 k €	+3.5%	425,2 k €	-22.2%	546,9 k €	+48.1%	369,3 k €	+3.8%	355,9 k €	+12.2%	317,3 k €	+1.5%	312,7 k €
Operating result	331,7 k €	-11.8%	376 k €	-2.6%	385,8 k €	+13.4%	340,1 k €	+17.1%	290,5 k €	+4.7%	277,4 k €	-7.5%	299,9 k €	-1.5%	304,4 k €	+31.3%	231,8 k €	-17.9%	282,4 k €	+0.4%	281,3 k €	-11.7%	318,4 k €	+10.0%	289,5 k €	+2.0%	283,8 k €	+5.5%	269 k €	-31.1%	390,6 k €	+82.5%	214 k €	+6.7%	200,6 k €	+32.4%	151,6 k €	-27.6%	209,3 k €
Net result	311,8 k €	-8.7%	341,5 k €	-22.6%	441,1 k €	+70.1%	259,3 k €	+17.6%	220,5 k €	+6.0%	208 k €	-1.2%	210,6 k €	-1.4%	213,5 k €	+32.7%	161 k €	-21.8%	205,7 k €	-0.3%	206,3 k €	-11.6%	233,3 k €	+11.9%	208,5 k €	+5.7%	197,3 k €	+13.8%	173,3 k €	-32.6%	257,2 k €	+51.4%	169,9 k €	+5.2%	161,6 k €	+18.7%	136,1 k €	-15.7%	161,5 k €
Balance sheet
Equity	1,9 M €	-14.8%	2,3 M €	-10.2%	2,5 M €	+1.6%	2,5 M €	-12.0%	2,8 M €	+3.7%	2,7 M €	-6.5%	2,9 M €	-4.5%	3,1 M €	-1.2%	3,1 M €	+5.5%	2,9 M €	+7.5%	2,7 M €	+8.1%	2,5 M €	+10.1%	2,3 M €	+10.0%	2,1 M €	+10.4%	1,9 M €	+10.1%	1,7 M €	-29.2%	2,4 M €	+7.5%	2,3 M €	-16.9%	2,7 M €	+5.3%	2,6 M €
Total assets	2 M €	-14.6%	2,4 M €	-9.0%	2,6 M €	+1.8%	2,6 M €	-11.4%	2,9 M €	-0.1%	2,9 M €	-3.8%	3 M €	-5.4%	3,2 M €	-6.0%	3,4 M €	+11.5%	3 M €	+7.7%	2,8 M €	+7.3%	2,6 M €	-0.5%	2,6 M €	-4.2%	2,7 M €	-2.5%	2,8 M €	-6.2%	3 M €	-0.2%	3 M €	-8.3%	3,3 M €	+1.0%	3,2 M €	+16.0%	2,8 M €
Cash	88,7 k €	-19.7%	110,5 k €	-20.7%	139,3 k €	+188%	48,3 k €	-83.3%	290,2 k €	+139%	121,4 k €	+48.8%	81,6 k €	-44.9%	148 k €	-47.2%	280,3 k €	-59.2%	686,5 k €	-28.6%	961,4 k €	+66.1%	578,8 k €	+49.7%	386,6 k €	+19.1%	324,7 k €	+3.3%	314,2 k €	-17.9%	382,9 k €	+149%	153,5 k €	-45.6%	282,4 k €	-11.2%	318,1 k €	+2463%	12,4 k €
Debts	56 k €	+7.4%	52,1 k €	+11.4%	46,8 k €	+290%	12 k €	-30.6%	17,3 k €	-86.0%	124 k €	+279%	32,7 k €	-59.3%	80,5 k €	-68.1%	252,2 k €	+244%	73,3 k €	+13.7%	64,4 k €	-20.1%	80,7 k €	-75.3%	326,5 k €	-48.8%	637,8 k €	-29.7%	906,8 k €	-28.7%	1,3 M €	+182%	450,3 k €	-52.7%	951,4 k €	+81.8%	523,4 k €	+146%	212,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

Christophe Cardinael

Managing director · since 02 juin 2023 · until 01 juin 2029

Active

Jean-CLaude DHERTE

Managing director · since 02 juin 2023 · until 01 juin 2029

Active

Philippe LENFANT

Managing director · since 02 juin 2023 · until 01 juin 2029

Active

Ended mandates

Francoise JOURDAIN

Director · since 02 juin 2023 · until 01 juin 2029

Ended

Christophe Cardinael

Managing director · since 17 décembre 2018 · until 02 juin 2023

Ended

Francoise JOURDAIN

Director · since 02 juin 2017 · until 02 juin 2023

Ended

Francoise JOURDAIN-KEMPS

Director · since 02 juin 2017 · until 02 juin 2023

Ended

At this address

Other companies at this address

Company	CBE no.
ASSOCIATION MOMENTANEE DHERTE-DHERTE ISTASSE● Active	0837.259.854
COMPAGNIE IMMOBILIERE TOURNAISIENNE● Active	0459.168.702
DHERTE – TRBA – « BIERGES POLE COMMUNAL »● Active	1019.928.967
ENTREPRISES GENERALES DHERTE● Active	0401.818.144
IMMO-DENDRE● Active	0455.932.563
Les Matériaux de la Dendre● Active	0401.116.477
société momentanée DHERTE-WATERLEAU-HAVRE● Active	0844.986.103
SSM DHERTE - BALTEAU - STEP GHISLAGE● Active	1031.237.286
SSM DHERTE – LIXON – CPAS de Walcourt – Site Verlaine● Active	0803.515.534
SSM DHERTE SA - DHERTE NAMUR SA● Active	1005.485.865
SSM DHERTE-TP BATIMENT● Active	1002.792.631
SSM DHERTE - TRBA - "Rénovation complexe"● Active	1020.846.212
SSM FlexArt - DHERTE● Active	0800.824.773

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	23/06/2026	21/06/2025	16/06/2024	03/07/2023	27/06/2022	27/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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
Micro model	31/12/2025	05/06/2026	23/06/2026	French	PDF
Micro model	31/12/2024	06/06/2025	21/06/2025	French	PDF
Micro model	31/12/2023	07/06/2024	16/06/2024	French	PDF
Micro model	31/12/2022	02/06/2023	03/07/2023	French	PDF
Micro model	31/12/2021	03/06/2022	27/06/2022	French	PDF
Micro model	31/12/2020	04/06/2021	27/08/2021	French	PDF
Micro model	31/12/2019	05/06/2020	15/07/2020	French	PDF
Micro model	31/12/2018	07/06/2019	09/07/2019	French	PDF
Micro model	31/12/2017	01/06/2018	16/07/2018	French	PDF
Micro model	31/12/2016	02/06/2017	28/06/2017	French	PDF
Abridged model	31/12/2015	03/06/2016	06/06/2016	French	PDF
Abridged model	31/12/2014	05/06/2015	23/06/2015	French	PDF
Abridged model	31/12/2013	06/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	14/06/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	25/06/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	01/07/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	22/07/2008	French	PDF
Abridged model	31/12/2006	01/06/2007	15/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 18 ended

Active mandates

Christophe Cardinael

Managing director · since 02 juin 2023 · until 01 juin 2029

Active

Jean-CLaude DHERTE

Managing director · since 02 juin 2023 · until 01 juin 2029

Active

Philippe LENFANT

Managing director · since 02 juin 2023 · until 01 juin 2029

Active

Ended mandates

Francoise JOURDAIN

Director · since 02 juin 2023 · until 01 juin 2029

Ended

Christophe Cardinael

Managing director · since 17 décembre 2018 · until 02 juin 2023

Ended

Francoise JOURDAIN

Director · since 02 juin 2017 · until 02 juin 2023

Ended

Francoise JOURDAIN-KEMPS

Director · since 02 juin 2017 · until 02 juin 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other15/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - ASSEMBLEE GENERALE
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates03/01/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates26/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates20/06/2016
DEMISSIONS, NOMINATIONS
PDF
Other28/02/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/07/2011
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 2025311,8 k €↓
2024
Annual accounts 2024341,5 k €↓
2023
Annual accounts 2023441,1 k €↑
2022
Annual accounts 2022259,3 k €↑
2021
Annual accounts 2021220,5 k €↑
2020
Annual accounts 2020208 k €↓
2019
Annual accounts 2019210,6 k €↓
2018
Annual accounts 2018213,5 k €↑
2017
Annual accounts 2017161 k €↓
2016
Annual accounts 2016205,7 k €↓
2015
Annual accounts 2015206,3 k €↓
2014
Annual accounts 2014233,3 k €↑
2013
Annual accounts 2013208,5 k €↑
2012
Annual accounts 2012197,3 k €↑
2011
Annual accounts 2011173,3 k €↓
2010
Annual accounts 2010257,2 k €↑
2009
Annual accounts 2009169,9 k €↑
2008
Annual accounts 2008161,6 k €↑
2007
Annual accounts 2007136,1 k €↓
2006
Annual accounts 2006161,5 k €
24/12/1993
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

IMMODER

Overview

What does IMMODER do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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