ACTIVE

IMMODEL

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Financial year 2025 · closed on 31/03/2025

Net result

265,4 k €

+13.2% YoY

Equity

11,5 M €

+2.4% YoY

What does IMMODEL do?

IMMODEL is a Public limited company incorporated in 2009. Its registered office is in Etterbeek.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0812.223.461

Incorporation

11/06/2009

Legal form

Public limited company

Registered office

Boulevard Louis Schmidt 7
1040 Etterbeek · BruxellesSee on map

Contributed capital

7 095 000,00 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
EBITDA	-6,1 k €	-120%	-2,8 k €	+80.5%	-14,4 k €	+7.6%	-15,5 k €	-48.9%	-10,4 k €	-51.7%	-6,9 k €	+28.7%	-9,6 k €	-24.3%	-7,8 k €	+26.7%	-10,6 k €	+0.5%	-10,6 k €	-28.8%	-8,3 k €	+38.2%	-13,4 k €	-44.1%	-9,3 k €	-18.5%	-7,8 k €	-5.8%	-7,4 k €	+46.2%	-13,7 k €
Operating result	-6,1 k €	-120%	-2,8 k €	+80.5%	-14,4 k €	+7.6%	-15,5 k €	-48.9%	-10,4 k €	-51.7%	-6,9 k €	+28.7%	-9,6 k €	-24.3%	-7,8 k €	+26.7%	-10,6 k €	+0.5%	-10,6 k €	-28.8%	-8,3 k €	+38.2%	-13,4 k €	-44.1%	-9,3 k €	-18.5%	-7,8 k €	-5.8%	-7,4 k €	+46.2%	-13,7 k €
Net result	265,4 k €	+13.2%	234,5 k €	-25.4%	314,5 k €	-21.6%	401,1 k €	+39.6%	287,3 k €	-1.8%	292,5 k €	+12.1%	260,9 k €	+6.6%	244,9 k €	-1.1%	247,5 k €	-12.3%	282,1 k €	-2.2%	288,4 k €	-26.0%	389,5 k €	+2.4%	380,2 k €	+33.5%	284,9 k €	+15.4%	246,8 k €	+32175%	764,6 €
Balance sheet
Equity	11,5 M €	+2.4%	11,3 M €	+2.1%	11 M €	+2.9%	10,7 M €	+3.9%	10,3 M €	+2.9%	10 M €	+3.0%	9,7 M €	+2.8%	9,5 M €	+2.7%	9,2 M €	+2.8%	9 M €	+3.2%	8,7 M €	+3.4%	8,4 M €	+4.9%	8 M €	+5.0%	7,6 M €	+3.9%	7,3 M €	+3.5%	7,1 M €
Total assets	11,6 M €	+0.5%	11,6 M €	+3.0%	11,2 M €	+3.9%	10,8 M €	+2.6%	10,5 M €	+3.1%	10,2 M €	+2.7%	10 M €	+3.9%	9,6 M €	+3.0%	9,3 M €	+2.7%	9,1 M €	+3.4%	8,8 M €	+3.6%	8,5 M €	+5.5%	8 M €	+5.1%	7,6 M €	+3.8%	7,4 M €	+3.4%	7,1 M €
Cash	0 €	-100%	100 k €	+1863%	5,1 k €	-71.3%	17,8 k €	+1680%	998,7 €	+54.7%	645,7 €	+21.7%	530,5 €	-83.5%	3,2 k €	+147%	1,3 k €	+22.1%	1,1 k €	-9.3%	1,2 k €	+43.4%	816,4 €	-5.7%	865,9 €	-18.0%	1,1 k €	-99.0%	106,1 k €	+90.6%	55,7 k €
Debts	100,7 k €	-67.7%	311,9 k €	+46.6%	212,7 k €	+102%	105,5 k €	-55.0%	234,2 k €	+12.8%	207,6 k €	-11.6%	234,9 k €	+92.3%	122,2 k €	+32.3%	92,4 k €	-3.5%	95,7 k €	+14.0%	83,9 k €	+24.4%	67,4 k €	+457%	12,1 k €	+87.4%	6,5 k €	-26.8%	8,8 k €	-35.8%	13,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 51 ended

Active mandates

Grégoire Bedoret

Director · since 14 septembre 2023 · until 13 septembre 2029

Active

Jean-Marc Loubier

Director · since 14 septembre 2023 · until 13 septembre 2029

Active

Thomas Loest

Director · since 14 septembre 2023 · until 13 septembre 2029

Active

Ended mandates

Philippe Fortunato

Director · since 01 juillet 2021 · until 14 septembre 2023

Ended

Philippe Fortunato

Director · since 01 juillet 2021 · until 09 septembre 2027

Ended

Silvia Scagnelli

Director · since 01 juillet 2021 · until 14 septembre 2023

Ended

Silvia Scagnelli

Director · since 01 juillet 2021 · until 09 septembre 2027

Ended

At this address

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Beroepskamer van de Fabrikanten van Marokijnwerk, Zadelmakerij en Reisartikelen● Liquidation	0451.179.365
DELVAUX CREATEUR● Active	0400.613.859
Delvaux Design Coordination et Finance● Active	0448.178.305
DELVAUX RETAIL● Active	0451.130.271
DELVAUX UNITE TVA● Active	0822.829.818
DLX Holdings● Active	0839.185.602
FINANCIERE TIARA● Active	0998.546.803
MAROQUINERIE DELVAUX BELGIUM● Active	0425.153.770

Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	15 months	12 months	12 months
Filing date	08/10/2025	31/10/2024	20/09/2023	25/10/2022	25/08/2021	05/08/2020
General meeting	11/09/2025	12/09/2024	14/09/2023	08/09/2022	29/06/2021	29/06/2020
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/03/2025	11/09/2025	08/10/2025	French	PDF
Full model	31/03/2024	12/09/2024	31/10/2024	French	PDF
Full model	31/03/2023	14/09/2023	20/09/2023	French	PDF
Full model	31/03/2022	08/09/2022	25/10/2022	French	PDF
Full model	31/12/2020	29/06/2021	25/08/2021	French	PDF
Full model	31/12/2019	29/06/2020	05/08/2020	French	PDF
Full model	31/12/2018	13/06/2019	03/07/2019	French	PDF
Full model	31/12/2017	14/06/2018	06/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	30/06/2016	28/07/2016	French	PDF
Full model	31/12/2014	11/06/2015	10/07/2015	French	PDF
Full model	31/12/2013	12/06/2014	25/06/2014	French	PDF
Full model	31/07/2012	10/01/2013	04/02/2013	French	PDF
Full model	31/07/2011	12/01/2012	03/02/2012	French	PDF
Full model	31/07/2010	13/01/2011	17/02/2011	French	PDF
Full model	31/07/2009	14/01/2010	11/02/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/03/2025 · 3 active · 51 ended

Active mandates

Grégoire Bedoret

Director · since 14 septembre 2023 · until 13 septembre 2029

Active

Jean-Marc Loubier

Director · since 14 septembre 2023 · until 13 septembre 2029

Active

Thomas Loest

Director · since 14 septembre 2023 · until 13 septembre 2029

Active

Ended mandates

Philippe Fortunato

Director · since 01 juillet 2021 · until 14 septembre 2023

Ended

Philippe Fortunato

Director · since 01 juillet 2021 · until 09 septembre 2027

Ended

Silvia Scagnelli

Director · since 01 juillet 2021 · until 14 septembre 2023

Ended

Silvia Scagnelli

Director · since 01 juillet 2021 · until 09 septembre 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/10/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2022
DEMISSIONS, NOMINATIONS
PDF
Other20/12/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates19/11/2021
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 2025265,4 k €↑
2024
Annual accounts 2024234,5 k €↓
2023
Annual accounts 2023314,5 k €↓
2022
Annual accounts 2022401,1 k €↑
2020
Annual accounts 2020287,3 k €↓
2019
Annual accounts 2019292,5 k €↑
2018
Annual accounts 2018260,9 k €↑
2017
Annual accounts 2017244,9 k €↓
2016
Annual accounts 2016247,5 k €↓
2015
Annual accounts 2015282,1 k €↓
2014
Annual accounts 2014288,4 k €↓
2013
Annual accounts 2013389,5 k €↑
2012
Annual accounts 2012380,2 k €↑
2011
Annual accounts 2011284,9 k €↑
2010
Annual accounts 2010246,8 k €↑
2009
Annual accounts 2009764,6 €
11/06/2009
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

IMMODEL

Overview

What does IMMODEL do?

Trend over 16 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