Result
€269,506 €269,506
Back in profit in 2025, after a loss of €8,751 in 2024.
IMACA
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1990peak €404,074 (2025)
€404,074▲ 19×
lowest -€27,734 (2023)
€269,506▲ €278,257
peak €607,401 (2025)
€607,401▲ 79.8%
€318,286▼ 0.2%
Board3 names since 2021
3 directorsde Corswarem Cathérine and 2 others
Documentsfilings and deeds
02-06-202659 days before the deadline
2025micro format
Gross margin from €21,041 to €404,074Back to profit: €269,506Equity from €337,895 to €607,401Cash from €21,570 to €99,644
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 83% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €966,364
Figures for financial year 2025 (filed on 02-06-2026)
Founded in 1990
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 73% of them on solvency, 74% on liquidity, 95% on profitability and 90% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as IMACA has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of IMACA itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for IMACA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 43.93 (24.91 in 2024), above the usual 1.5. Short-term debt is 1.9% and cash 10.3% of total assets. 37.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €607,401
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 days early
2024
on the day
2023
19 days late
2022
28 days early
2021
41 days early
2020
2 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0440643482
1 director appointed, 3 reappointments
Reappointments: de Corswarem Cathérine, de Corswarem Marie-Paule and de Corswarem Ignace · Appointment: de Corswarem Cathérine (chair of the board and managing director) · General meeting of 28-05-2021 · Gazette deed
Registered office moved within Brecht
New registered office: KERKSTRAAT 43 TE 2960 BRECHT · Previous registered office: Kerkstraat 28, 2960 Brecht, België · General meeting of 10-08-2020 · Gazette deed
First establishment
Kerkstraat 43, Brecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMACA Brecht | €1.0m | €404,074 | 62.9% | - |
| Mc. Coy Pullman Edegem | €0.8m | €417,788 | 84.6% | - |
| JAN LEENAERTS Hoogstraten | €0.9m | €325,061 | 86.9% | - |
| WINCO INVEST Deinze | €1.1m | €408,354 | 64.0% | - |
| GLOBEX Namur | €1.0m | €373,799 | 55.3% | - |
| Lauwers - de Wyngaert Bruges | €0.9m | €507,123 | 75.2% | - |
| AFFORD Nivelles | €0.8m | €327,051 | 56.3% | - |
These companies have the same main activity as IMACA: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €840,000 and €1.1m, founded between 1984 and 1993.
Official details
Source: KBO- Status
- Active since 18-04-1990Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.048.216.1682960 Brecht, since 11-05-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 12-03-2025
Annual accounts 2025
- ≈ €460,000estimated
- €966,364▲ 37.7%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on IMACA
IMACA files the micro format. That format states no turnover. The gross margin rose from -€793 in 2006 to €404,074 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMACA
- What is the company number of IMACA?
- The company number of IMACA is 0440.643.482. The VAT number is the same number with BE in front: BE 0440.643.482.
- Where is IMACA based?
- The registered office is at Kerkstraat 43, 2960 Brecht.Company details
- What does IMACA do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of IMACA?
- IMACA is a public limited company (NV).
- When was IMACA founded?
- IMACA was founded on 18-04-1990.
- Is IMACA still active?
- Yes, IMACA is an active enterprise in the KBO register.
- What is the turnover of IMACA?
- The turnover in financial year 2025 is ≈ €460,000. This figure is estimated from the gross margin of €404,074 and 44 comparable companies (NACE 68201). It probably lies between €410,000 and €520,000.Financials
- Is IMACA profitable?
- In financial year 2025, IMACA made a profit of €269,506.
- Where can I find the annual accounts of IMACA?
- IMACA filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMACA due?
- IMACA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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