IMACON
ActiveSummary
IMACON has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €255,896. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+67
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 18.82 against 12.2 in 2024; short-term debt: 2.7% and cash: 41.2% of total assets), and 3.8% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.2%
Return on assets
6.6%
Age of the figures
9 mo
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 30-04-2026, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
29 d late
2023
86 d early
2022
102 d early
2021
93 d early
2020
93 d early
2019
89 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 75 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€3.7m▲ 7.4%
2024 · €3.5m
Total assets
€3.9m▲ 2.2%
2024 · €3.8m
Net result
€255,896
2024 · -€252,575
Working capital
€1.9m▲ 194%
2024 · €644,389
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Operating result-€300,296▼ 16.9%-€357,575▼ 19.1%-€307,870▲ 13.9%-€303,451▲ 1.4%€69,113
Net result-€252,152below the sector's middle half▲ 41.0%-€312,351below the sector's middle half▼ 23.9%-€258,221below the sector's middle half▲ 17.3%-€252,575below the sector's middle half▲ 2.2%€255,896above the sector's middle half
Equity€4.3mabove the sector's middle half▼ 5.5%€4.0mabove the sector's middle half▼ 7.3%€3.7mabove the sector's middle half▼ 6.5%€3.5mabove the sector's middle half▼ 6.8%€3.7mabove the sector's middle half▲ 7.4%
Total assets€4.7mabove the sector's middle half▼ 5.5%€4.4mabove the sector's middle half▼ 7.9%€4.1mabove the sector's middle half▼ 6.4%€3.8mabove the sector's middle half▼ 7.4%€3.9mabove the sector's middle half▲ 2.2%
Debt€89,046▲ 15.6%€64,189▼ 27.9%€77,230▲ 20.3%€60,742▼ 21.3%€108,877▲ 79.2%
Working capital€869,898above the sector's middle half▼ 65.8%€769,295above the sector's middle half▼ 11.6%€749,687above the sector's middle half▼ 2.5%€644,389above the sector's middle half▼ 14.0%€1.9mabove the sector's middle half▲ 194%
Solvency90.5%above the sector's middle half=91.1%above the sector's middle half▲ 0.6pp91.0%above the sector's middle half▼ 0.1pp91.6%above the sector's middle half▲ 0.6pp96.2%above the sector's middle half▲ 4.6pp
Current ratio11.01above the sector's middle half▼ 23.3613.49above the sector's middle half▲ 2.4811.18above the sector's middle half▼ 2.3112.20above the sector's middle half▲ 1.0318.82above the sector's middle half▲ 6.62
Return on assets (ROA)-5.3%below the sector's middle half▲ 3.2pp-7.1%below the sector's middle half▼ 1.8pp-6.3%below the sector's middle half▲ 0.8pp-6.7%below the sector's middle half▼ 0.4pp6.6%below the sector's middle half▲ 13.3pp
Staff (FTE)1▲ 25.0%1=0.9▼ 10.0%1▲ 11.1%1=
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 returns to profit in 2025: €69,113 after a loss of €303,451 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€1.9m ▼ 39.3%
Current assets
€2.0m ▲ 185%
Equity and liabilities €3.9m
Equity
€3.7m ▲ 7.4%
Provisions
€39,610 ▼ 84.7%
Debt
€108,877 ▲ 79.2%
Debt's share of the balance-sheet total rises from 1.6% to 2.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€250,570▲
2024 · -€17,694
Cash flow
€437,354▲
2024 · €33,182
Quick ratio
18.81▲
2024 · 12.18
Debt to equity
0.03▲
2024 · 0.02
ROE
6.9%▲
2024 · -7.3%
Interest coverage
135.95▲
2024 · -6.63
Debt ≤ 1 year
€106,401▲
2024 · €57,528
Income taxes
€68,838▲
2024 · €449
Staff costs
€60,710▲
2024 · €59,758
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 31,349 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €326,970 | - |
| Remuneration, social security and pensions62 | €49,781 | €51,777 | €57,976 | €59,758 | €60,710 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €274,624 | €321,831 | €292,793 | €285,757 | €181,458 | ▼ 36.5% |
| Other operating charges640/8 | €21,447 | €18,290 | €21,738 | €27,356 | €21,569 | ▼ 21.2% |
| Non-recurring operating charges66A | - | - | - | €4,900 | €0 | ▼ 100% |
| Gross operating margin9900 | €45,555 | €34,323 | €64,637 | €74,320 | €332,849 | ▲ 348% |
| Operating profit (loss)9901 | -€300,296 | -€357,575 | -€307,870 | -€303,451 | €69,113 | ▲ 123% |
| Financial income75/76B | €16,190 | €11,538 | €19,534 | €21,249 | €37,535 | ▲ 76.6% |
| Recurring financial income75 | €9,855 | €11,538 | €19,534 | €21,249 | €37,535 | ▲ 76.6% |
| Non-recurring financial income76B | €6,335 | - | - | - | - | - |
| Financial charges65/66B | €3,955 | €2,081 | €2,213 | €2,667 | €1,843 | ▼ 30.9% |
| Recurring financial charges65 | €3,955 | €2,081 | €2,213 | €2,667 | €1,843 | ▼ 30.9% |
| Profit (loss) for the period before taxes9903 | -€288,061 | -€348,118 | -€290,550 | -€284,869 | €104,805 | ▲ 137% |
| Transfer from deferred taxes780 | €36,256 | €36,182 | €32,743 | €32,743 | €219,929 | ▲ 572% |
| Income taxes67/77 | €348 | €415 | €413 | €449 | €68,838 | ▲ 15,229% |
| Profit (loss) for the period9904 | -€252,152 | -€312,351 | -€258,221 | -€252,575 | €255,896 | ▲ 201% |
| Transfer from tax-exempt reserves789 | €70,411 | €70,267 | €63,588 | €63,588 | €427,111 | ▲ 572% |
| Profit (loss) for the period to be appropriated9905 | -€181,741 | -€242,084 | -€194,633 | -€188,987 | €683,008 | ▲ 461% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.7m | €4.4m | €4.1m | €3.8m | €3.9m | ▲ 2.2% |
| Fixed assets21/28 | €3.8m | €3.5m | €3.3m | €3.1m | €1.9m | ▼ 39.3% |
| Tangible fixed assets22/27 | €3.8m | €3.5m | €3.3m | €3.1m | €1.9m | ▼ 39.3% |
| Land and buildings22 | €3.7m | €3.5m | €3.2m | €3.0m | €1.8m | ▼ 40.2% |
| Furniture and vehicles24 | €66,130 | €52,360 | €37,709 | €100,882 | €88,069 | ▼ 12.7% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €956,844 | €830,898 | €823,361 | €701,917 | €2.0m | ▲ 185% |
| Stocks and contracts in progress3 | €5,136 | €1,916 | €1,518 | €1,487 | €1,472 | ▼ 1.0% |
| Stocks30/36 | €5,136 | €1,916 | €1,518 | €1,487 | €1,472 | ▼ 1.0% |
| Amounts receivable within one year40/41 | €6,537 | €12,954 | €13,751 | €17,885 | €49,293 | ▲ 176% |
| Trade receivables40 | €3,316 | €5,352 | €3,085 | €2,144 | €39,366 | ▲ 1,736% |
| Other amounts receivable41 | €3,221 | €7,602 | €10,666 | €15,741 | €9,927 | ▼ 36.9% |
| Current investments50/53 | - | - | - | €500,000 | €334,000 | ▼ 33.2% |
| Cash at bank and in hand54/58 | €945,171 | €816,028 | €808,092 | €182,546 | €1.6m | ▲ 777% |
| Deferred charges and accrued income490/1 | - | - | - | - | €17,798 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.7m | €4.4m | €4.1m | €3.8m | €3.9m | ▲ 2.2% |
| Equity10/15 | €4.3m | €4.0m | €3.7m | €3.5m | €3.7m | ▲ 7.4% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €3.2m | €2.8m | €2.6m | €2.3m | €2.6m | ▲ 10.9% |
| Non-distributable reserves130/1 | €113,722 | €113,722 | €113,722 | €113,722 | €113,722 | = |
| Legal reserve130 | €113,722 | €113,722 | €113,722 | €113,722 | €113,722 | = |
| Tax-exempt reserves132 | €852,408 | €782,142 | €718,554 | €654,966 | €227,855 | ▼ 65.2% |
| Distributable reserves133 | €2.2m | €2.0m | €1.8m | €1.6m | €2.3m | ▲ 43.5% |
| Provisions and deferred taxes16 | €361,207 | €325,025 | €292,282 | €259,539 | €39,610 | ▼ 84.7% |
| Deferred taxes168 | €361,207 | €325,025 | €292,282 | €259,539 | €39,610 | ▼ 84.7% |
| Amounts payable17/49 | €89,046 | €64,189 | €77,230 | €60,742 | €108,877 | ▲ 79.2% |
| Amounts payable within one year42/48 | €86,945 | €61,603 | €73,675 | €57,528 | €106,401 | ▲ 85.0% |
| Trade debts44 | €20,936 | €12,077 | €29,841 | €13,034 | €18,528 | ▲ 42.1% |
| Suppliers440/4 | €20,936 | €12,077 | €29,841 | €13,034 | €18,528 | ▲ 42.1% |
| Taxes, remuneration and social security45 | €17,534 | €10,848 | €11,596 | €17,734 | €76,609 | ▲ 332% |
| Taxes450/3 | €8,136 | €4,271 | €4,294 | €6,690 | €68,935 | ▲ 930% |
| Remuneration and social security454/9 | €9,398 | €6,577 | €7,302 | €11,044 | €7,674 | ▼ 30.5% |
| Other amounts payable47/48 | €48,475 | €38,678 | €32,237 | €26,761 | €11,264 | ▼ 57.9% |
| Accrued charges and deferred income492/3 | €2,101 | €2,586 | €3,555 | €3,213 | €2,475 | ▼ 23.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€252,152 | -€312,351 | -€258,221 | -€252,575 | €255,896 | ▲ 201% |
| + Depreciation and write-downs630 | €274,624 | €321,831 | €292,793 | €285,757 | €181,458 | ▼ 36.5% |
| Operating cash flow (approximation) | €22,472 | €9,480 | €34,573 | €33,182 | €437,354 | ▲ 1,218% |
| Investment in fixed assets (approximation) | - | -€74,387 | -€22,408 | -€105,395 | €1.0m | ▲ 1,082% |
| Change in cash | - | -€129,143 | -€7,936 | -€625,546 | €1.4m | ▲ 327% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €255,896
Net result €255,896 after 7 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€427,514
Net result drops to -€427,514, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 34.37
Current ratio from 9.43 to 34.37; short-term debt falls from €318,337 to €76,136.
03-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Kortrijk · 1 establishment unit since 1983
Ground area
5,607 m²
Building footprint
755 m²
Volume, LiDAR
5,512 m³
Parcel 34353H1633/00H000, Flanders · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VANWALLE
since 19832.023.025.565
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H1633/00H000 | Flanders | 5,607 m² | 1 · 755 m² | 13.8 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
967600060H3O9NH81V32
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Of 2,264 companies in sector 69209 we hold annual accounts for 1,101. 313 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-09-1983
Fiscal year end31-12
Activities, NACEBEL 2025
69209Other tax advisory services
70200Business and other management consultancy
Contact
E-mail
dirk@vanwalle.beKortrijk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424522874
Registered
31-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.