Ilmaco
ActiveSummary
Ilmaco has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€108,491) and a net result of -€28,735. Equity is shrinking by ~61.1% per year across the filed fiscal years. Its solvency ranks better than 6% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▲+7
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.75 in 2023; short-term debt: 116% and cash: 3.7% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-27.3%
Return on assets
-7.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€108,491
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
110 d late
2023
435 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 111 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€108,491▼ 36.0%
2023 · -€79,756
Total assets
€397,970▲ 33.9%
2023 · €297,263
Net result
-€28,735▲ 24.2%
2023 · -€37,929
Working capital
-€367,974▼ 298%
2023 · -€92,532
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€29,518-€44,060▼ 49.3%-€45,365▼ 3.0%-€36,539▲ 19.5%-€28,314▲ 22.5%
Net result-€30,432below the sector's middle half-€44,562below the sector's middle half▼ 46.4%-€47,192below the sector's middle half▼ 5.9%-€37,929below the sector's middle half▲ 19.6%-€28,735below the sector's middle half▲ 24.2%
Equity€49,927within the sector's middle half▼ 37.9%€5,365below the sector's middle half▼ 89.3%-€41,827below the sector's middle half-€79,756below the sector's middle half▼ 90.7%-€108,491below the sector's middle half▼ 36.0%
Total assets€116,198within the sector's middle half▼ 5.7%€193,513within the sector's middle half▲ 66.5%€243,608within the sector's middle half▲ 25.9%€297,263above the sector's middle half▲ 22.0%€397,970above the sector's middle half▲ 33.9%
Debt€66,271▲ 54.5%€188,148▲ 184%€285,436▲ 51.7%€377,019▲ 32.1%€506,461▲ 34.3%
Working capital€35,817▼ 53.5%-€8,507-€58,094▼ 583%-€92,532▼ 59.3%-€367,974▼ 298%
Solvency43.0%within the sector's middle half▼ 22.2pp2.8%below the sector's middle half▼ 40.2pp-17.2%below the sector's middle half▼ 19.9pp-26.8%below the sector's middle half▼ 9.7pp-27.3%below the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,314 in 2024 against €36,539 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €397,970
Fixed assets
€304,116 ▲ 2,280%
Current assets
€93,854 ▼ 67.0%
Key figures and ratios
EBITDA
-€19,821▲
2023 · -€26,769
Cash flow
-€20,242▲
2023 · -€28,159
Current ratio
0.20▼
2023 · 0.75
Debt to equity
-4.67▲
2023 · -4.73
ROA
-7.2%▲
2023 · -12.8%
Interest coverage
-46.99▼
2023 · -19.27
Debt ≤ 1 year
€461,828▲
2023 · €377,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.6%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,570 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €460 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,235 | €10,847 | €9,558 | €9,770 | €8,493 | ▼ 13.1% |
| Other operating charges640/8 | - | €687 | €1,030 | €0 | - | - |
| Gross operating margin9900 | -€21,099 | -€32,526 | -€34,777 | -€26,769 | -€19,821 | ▲ 26.0% |
| Operating profit (loss)9901 | -€29,518 | -€44,060 | -€45,365 | -€36,539 | -€28,314 | ▲ 22.5% |
| Financial income75/76B | - | €1,020 | €0 | - | - | - |
| Recurring financial income75 | €3 | €1,020 | €0 | - | - | - |
| Financial charges65/66B | - | €1,020 | €1,312 | €1,389 | €422 | ▼ 69.6% |
| Recurring financial charges65 | €744 | €1,020 | €1,312 | €1,389 | €422 | ▼ 69.6% |
| Profit (loss) for the period before taxes9903 | -€30,258 | -€44,060 | -€46,677 | -€37,929 | -€28,735 | ▲ 24.2% |
| Income taxes67/77 | €174 | €502 | €516 | €0 | - | - |
| Profit (loss) for the period9904 | -€30,432 | -€44,562 | -€47,192 | -€37,929 | -€28,735 | ▲ 24.2% |
| Profit (loss) for the period to be appropriated9905 | -€30,432 | -€44,562 | -€47,192 | -€37,929 | -€28,735 | ▲ 24.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,198 | €193,513 | €243,608 | €297,263 | €397,970 | ▲ 33.9% |
| Fixed assets21/28 | €41,694 | €30,846 | €22,546 | €12,776 | €304,116 | ▲ 2,280% |
| Intangible fixed assets21 | - | - | - | - | €299,833 | - |
| Tangible fixed assets22/27 | €41,669 | €30,821 | €22,521 | €12,751 | €4,258 | ▼ 66.6% |
| Furniture and vehicles24 | - | €30,821 | €22,521 | €12,751 | €4,258 | ▼ 66.6% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €74,504 | €162,667 | €221,062 | €284,487 | €93,854 | ▼ 67.0% |
| Stocks and contracts in progress3 | - | €77,340 | €148,276 | €202,177 | €0 | ▼ 100% |
| Contracts in progress37 | - | €77,340 | €148,276 | €202,177 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €66,327 | €69,831 | €71,139 | €72,506 | €78,984 | ▲ 8.9% |
| Trade receivables40 | - | €2,000 | €2,000 | €3,020 | €3,290 | ▲ 8.9% |
| Other amounts receivable41 | - | €67,831 | €69,139 | €69,486 | €75,694 | ▲ 8.9% |
| Cash at bank and in hand54/58 | €6,393 | €2,111 | €1,019 | €9,803 | €14,870 | ▲ 51.7% |
| Deferred charges and accrued income490/1 | - | €13,385 | €628 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,198 | €193,513 | €243,608 | €297,263 | €397,970 | ▲ 33.9% |
| Equity10/15 | €49,927 | €5,365 | -€41,827 | -€79,756 | -€108,491 | ▼ 36.0% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Reserves13 | €79,859 | €79,859 | €79,859 | €79,859 | €79,859 | = |
| Distributable reserves133 | - | €79,859 | €79,859 | €79,859 | €79,859 | = |
| Profit (loss) carried forward14 | -€30,432 | -€74,994 | -€122,186 | -€160,115 | -€188,850 | ▼ 17.9% |
| Amounts payable17/49 | €66,271 | €188,148 | €285,436 | €377,019 | €506,461 | ▲ 34.3% |
| Amounts payable after more than one year17 | €27,583 | €16,975 | €6,279 | €0 | - | - |
| Financial debts170/4 | - | €16,975 | €6,279 | €0 | - | - |
| Amounts payable within one year42/48 | €38,688 | €171,173 | €279,156 | €377,019 | €461,828 | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | €10,608 | €10,695 | €6,279 | €0 | ▼ 100% |
| Financial debts43 | - | €9 | €3,997 | - | - | - |
| Credit institutions430/8 | - | €9 | €3,997 | - | - | - |
| Trade debts44 | €4,325 | €19,276 | €17,788 | €14,372 | €13,896 | ▼ 3.3% |
| Suppliers440/4 | - | €19,276 | €17,788 | €14,372 | €13,896 | ▼ 3.3% |
| Taxes, remuneration and social security45 | - | €785 | €1,127 | €1,027 | €1,394 | ▲ 35.8% |
| Taxes450/3 | - | €785 | €1,127 | €1,027 | €1,394 | ▲ 35.8% |
| Other amounts payable47/48 | - | €140,495 | €245,549 | €355,341 | €446,538 | ▲ 25.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €44,633 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,432 | -€44,562 | -€47,192 | -€37,929 | -€28,735 | ▲ 24.2% |
| + Depreciation and write-downs630 | €6,235 | €10,847 | €9,558 | €9,770 | €8,493 | ▼ 13.1% |
| Operating cash flow (approximation) | -€24,197 | -€33,715 | -€37,634 | -€28,159 | -€20,242 | ▲ 28.1% |
| Investment in fixed assets (approximation) | - | €0 | -€1,258 | €0 | -€299,833 | - |
| Change in cash | - | -€4,282 | -€1,092 | €8,785 | €5,067 | ▼ 42.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 435 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€47,192
Net result drops to -€47,192, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
23-06
State Gazette act
Board meeting · Director resignation
Power of attorney
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2017
23-06
State Gazette act
General meeting · Capital increase
Bank account · Legal-form conversion
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Nazareth-De Pinte · 1 establishment unit since 2016
Ground area
1,239 m²
Building footprint
175 m²
Volume, LiDAR
748 m³
Parcel 44012C0383/00E002, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ilmaco
since 20162.261.211.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012C0383/00E002 | Flanders | 1,239 m² | 1 · 175 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,778. 3,132 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0665731388
Also
9925:BE0665731388
Registered
01-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.