Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMODEG from Gent, company number BE0436271356, closed financial year 2025 with a result of € 6 million after tax. For that financial year IMMODEG recorded a gross margin of € 8.5 million and equity of € 7.8 million. Compared with financial year 2024, the result moved from € 29,173 to € 6 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 7.8 million
▲ € 6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6 million
▲ € 6 million vs 2024
Profit after tax over the fiscal year.
€ 186,904
▼ 77% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 7.8 million.
People and assets in 2025
4.1
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 233,367
▲ 10% vs 2024
€ 56,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,297
▼ 25% vs 2024
Of which on lease € 12,049.
Debts at end 2025
€ 188,486
▼ 33% vs 2024
€ 56,778 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 474,829
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,764
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 589,109 | € 946,182 | € 778,330 | € 8,454,800 | ▲ € 7.7 million |
| Profit after taxes | € -37,654 | € 27,291 | € 29,173 | € 6,001,548 | ▲ € 6 million |
| Equity | € 1,782,983 | € 1,810,274 | € 1,839,446 | € 7,840,994 | ▲ € 6 million |
| Total debts | € 789,779 | € 2,557,549 | € 876,497 | € 710,079 | ▼ 19% |
| Cash | € 52,249 | € 108,010 | € 799,177 | € 186,904 | ▼ 77% |
| Land & buildings | € 1,719,484 | € 1,931,723 | € 1,044,373 | € 579,448 | ▼ 45% |
| Retained profit | € 1,720,091 | € 1,747,383 | € 1,776,555 | € 7,778,103 | ▲ € 6 million |
| Bank debt | € 519,709 | € 915,901 | € 280,402 | € 188,486 | ▼ 33% |
| Balance sheet total | € 2,676,147 | € 4,367,823 | € 2,715,943 | € 8,551,073 | ▲ 215% |
| Employees (FTE) | 2.1 | 1.7 | 4.6 | 4.1 | ▼ 0.5 |
Key figures of IMMODEG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IMMODEG?
What happened at IMMODEG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DELTA T BV stepped down as director. NBB
- Emmanuel Froidbise stepped down as director. NBB
- Claude Froidbise stepped down as director. NBB
- SFD BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 6 million (▲ € 6 million vs 2024). Source: NBB ↗
- Diederik De Lentdecker stepped down as director. NBB
- SFD BV became a director. NBB
- DELTA T BV became a director. NBB
In short
From € 37,654 loss in 2022 to € 6 million profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 6 million profit.
On average € 2.1 million of value added per employee in 2025.
Management
The stake of Anglo Belgian Corporation comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMMODEGThe shares are held by Anglo Belgian Corporation (100%). It owns 100% of PTVL itself.
Directors
According to the 2025 annual accounts
Director · represented by Tim Berckmoes
Holds a stake via Anglo Belgian Corporation
Also active at: ABC CONTRACTING, Constructiewerkhuizen E. Van Wingen, PTVL, Anglo Belgian Corporation, TOELEVERINGSBEDRIJF VAN LANDUYT, BALLIU MACHINE TOOL CORPORATION, PEGARD PRODUCTICS, be Hydro +1 more
since 2024 · until 2032
Emmanuel Froidbise
Director
Also active at: ELAIS IMMO, ABC CONTRACTING, Constructiewerkhuizen E. Van Wingen, Anglo Belgian Corporation, BALLIU MACHINE TOOL CORPORATION, SOCIETE IMMOBILIERE DE HALTINNE, PEGARD PRODUCTICS
since 2024 · until 2032
Diederik De Lentdecker
Director
Also active at: Constructiewerkhuizen E. Van Wingen, PTVL, Anglo Belgian Corporation, TOELEVERINGSBEDRIJF VAN LANDUYT, BALLIU MACHINE TOOL CORPORATION, Ogepar
since 2024 · until 2025
Claude Froidbise
Director
since 2024 · until 2032
Director · represented by Diederik De Lentdecker
Also active at: PTVL, Anglo Belgian Corporation, TOELEVERINGSBEDRIJF VAN LANDUYT, BALLIU MACHINE TOOL CORPORATION, Ogepar
since 2025 · until 2032
Shareholders
Anglo Belgian Corporation · holding of DELTA T BV
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Wiedauwkaai 25
9000 Gent
Wiedauwkaai 25 2
9000 Gent
Active since 21 April 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.271.356
- VAT number
- BE 0436.271.356
- Registered office
- Wiedauwkaai 25, 9000 Gent
- Names & denominations
- IMMODEG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 December 1988
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen