Imag!n
ActiveSummary
Imag!n has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,590 and a net result of -€13,041. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-68
Solvency68▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.47 in 2024; short-term debt: 45% and cash: 28.1% of total assets), and 56.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
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 2025Solvency, return and age of the figures
Solvency
43.3%
Return on assets
-18.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€13,041
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
21 d late
2023
1 d early
2022
14 d late
2021
1 d late
2020
1 d early
2019
29 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 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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. Usually files around 14 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 oldest company in Hulshout, Real estate sector
Equity
€30,590▼ 29.9%
2024 · €43,631
Total assets
€70,621▼ 27.3%
2024 · €97,169
Net result
-€13,041▼ 5,090%
2024 · -€251
Working capital
€9,898▼ 48.9%
2024 · €19,381
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€1,457€3,548▲ 144%-€2,802€511-€11,865
Net result€1,137within the sector's middle half€743within the sector's middle half▼ 34.7%-€3,261within the sector's middle half-€251within the sector's middle half▲ 92.3%-€13,041below the sector's middle half▼ 5,090%
Equity€46,401within the sector's middle half▲ 2.5%€47,143within the sector's middle half▲ 1.6%€43,882within the sector's middle half▼ 6.9%€43,631within the sector's middle half▼ 0.6%€30,590within the sector's middle half▼ 29.9%
Total assets€70,588below the sector's middle half▼ 2.3%€69,451below the sector's middle half▼ 1.6%€63,760below the sector's middle half▼ 8.2%€97,169below the sector's middle half▲ 52.4%€70,621below the sector's middle half▼ 27.3%
Debt€24,188▼ 10.3%€22,308▼ 7.8%€19,878▼ 10.9%€53,538▲ 169%€40,031▼ 25.2%
Working capital€29,810within the sector's middle half▲ 37.9%€34,927within the sector's middle half▲ 17.2%€33,218within the sector's middle half▼ 4.9%€19,381within the sector's middle half▼ 41.7%€9,898within the sector's middle half▼ 48.9%
Solvency65.7%above the sector's middle half▲ 3.1pp67.9%above the sector's middle half▲ 2.1pp68.8%above the sector's middle half▲ 0.9pp44.9%within the sector's middle half▼ 23.9pp43.3%within the sector's middle half▼ 1.6pp
Current ratio2.23within the sector's middle half▲ 0.432.57within the sector's middle half▲ 0.332.67within the sector's middle half▲ 0.111.47within the sector's middle half▼ 1.201.31within the sector's middle half▼ 0.16
Return on assets (ROA)1.6%within the sector's middle half▲ 24.0pp1.1%within the sector's middle half▼ 0.5pp-5.1%below the sector's middle half▼ 6.2pp-0.3%within the sector's middle half▲ 4.9pp-18.5%below the sector's middle half▼ 18.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 turns negative in 2025: a loss of €11,865 after €511 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,621
Fixed assets
€28,976 ▼ 21.4%
Current assets
€41,644 ▼ 31.0%
Equity and liabilities €70,621
Equity
€30,590 ▼ 29.9%
Debt
€40,031 ▼ 25.2%
Debt's share of the balance-sheet total rises from 55.1% to 56.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,990▼
2024 · €4,821
Cash flow
-€5,165▼
2024 · €4,058
Debt to equity
1.31▲
2024 · 1.23
ROE
-42.6%▼
2024 · -0.6%
Interest coverage
-4.52▼
2024 · 8.48
Debt ≤ 1 year
€31,747▼
2024 · €40,937
Debt > 1 year
€7,884▼
2024 · €12,346
Income taxes
€292▲
2024 · €194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,058 | €6,591 | €8,052 | €4,310 | €7,876 | ▲ 82.7% |
| Other operating charges640/8 | €1,131 | €1,236 | €1,335 | €9,906 | €3,250 | ▼ 67.2% |
| Gross operating margin9900 | €9,646 | €11,375 | €6,585 | €14,727 | -€740 | ▼ 105% |
| Operating profit (loss)9901 | €1,457 | €3,548 | -€2,802 | €511 | -€11,865 | ▼ 2,421% |
| Financial income75/76B | €0 | €0 | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €173 | €2,656 | €357 | €569 | €883 | ▲ 55.2% |
| Recurring financial charges65 | €173 | €2,656 | €357 | €569 | €883 | ▲ 55.2% |
| Profit (loss) for the period before taxes9903 | €1,284 | €892 | -€3,160 | -€58 | -€12,749 | ▼ 22,056% |
| Income taxes67/77 | €147 | €149 | €102 | €194 | €292 | ▲ 50.8% |
| Profit (loss) for the period9904 | €1,137 | €743 | -€3,261 | -€251 | -€13,041 | ▼ 5,090% |
| Profit (loss) for the period to be appropriated9905 | €1,137 | €743 | -€3,261 | -€251 | -€13,041 | ▼ 5,090% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,588 | €69,451 | €63,760 | €97,169 | €70,621 | ▼ 27.3% |
| Fixed assets21/28 | €16,590 | €12,216 | €10,664 | €36,852 | €28,976 | ▼ 21.4% |
| Tangible fixed assets22/27 | €12,990 | €8,616 | €7,064 | €33,252 | €25,376 | ▼ 23.7% |
| Plant, machinery and equipment23 | €3,600 | €3,562 | €6,745 | €5,068 | €3,390 | ▼ 33.1% |
| Furniture and vehicles24 | €9,390 | €5,054 | €319 | €28,184 | €21,986 | ▼ 22.0% |
| Financial fixed assets28 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Current assets29/58 | €53,998 | €57,235 | €53,096 | €60,317 | €41,644 | ▼ 31.0% |
| Amounts receivable within one year40/41 | €13,529 | €5,686 | €13,593 | €20,700 | €16,677 | ▼ 19.4% |
| Trade receivables40 | €13,525 | €5,686 | €13,396 | €20,700 | €16,677 | ▼ 19.4% |
| Other amounts receivable41 | €4 | €0 | €197 | €0 | - | - |
| Cash at bank and in hand54/58 | €39,248 | €48,958 | €36,654 | €37,013 | €19,854 | ▼ 46.4% |
| Deferred charges and accrued income490/1 | €1,220 | €2,590 | €2,849 | €2,605 | €5,114 | ▲ 96.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,588 | €69,451 | €63,760 | €97,169 | €70,621 | ▼ 27.3% |
| Equity10/15 | €46,401 | €47,143 | €43,882 | €43,631 | €30,590 | ▼ 29.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €55,202 | €55,202 | €45,000 | €45,000 | €45,000 | = |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €0 | - | - | - |
| Distributable reserves133 | €53,202 | €53,202 | €45,000 | €45,000 | €45,000 | = |
| Profit (loss) carried forward14 | -€15,001 | -€14,258 | -€7,318 | -€7,569 | -€20,610 | ▼ 172% |
| Amounts payable17/49 | €24,188 | €22,308 | €19,878 | €53,538 | €40,031 | ▼ 25.2% |
| Amounts payable after more than one year17 | - | - | - | €12,346 | €7,884 | ▼ 36.1% |
| Financial debts170/4 | - | - | - | €12,346 | €7,884 | ▼ 36.1% |
| Amounts payable within one year42/48 | €24,188 | €22,308 | €19,878 | €40,937 | €31,747 | ▼ 22.4% |
| Trade debts44 | €3,014 | €2,358 | €3,335 | €7,725 | €3,271 | ▼ 57.7% |
| Suppliers440/4 | €3,014 | €2,358 | €3,335 | €7,725 | €3,271 | ▼ 57.7% |
| Taxes, remuneration and social security45 | €5,127 | €5,348 | €6,022 | €8,658 | €6,209 | ▼ 28.3% |
| Taxes450/3 | €5,127 | €5,348 | €6,022 | €8,658 | €6,209 | ▼ 28.3% |
| Other amounts payable47/48 | €16,047 | €14,602 | €10,521 | €24,553 | €22,266 | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | - | - | €255 | €400 | ▲ 56.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,137 | €743 | -€3,261 | -€251 | -€13,041 | ▼ 5,090% |
| + Depreciation and write-downs630 | €7,058 | €6,591 | €8,052 | €4,310 | €7,876 | ▲ 82.7% |
| Operating cash flow (approximation) | €8,196 | €7,334 | €4,791 | €4,058 | -€5,165 | ▼ 227% |
| Investment in fixed assets (approximation) | - | -€2,217 | -€6,500 | -€30,497 | €0 | ▲ 100% |
| Change in cash | - | €9,709 | -€12,304 | €359 | -€17,159 | ▼ 4,879% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
31-12
Financial
Back to profitnet €1,137
Net result €1,137 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€16,139
Net result drops to -€16,139, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €5,357 ▲122%
Operating result €6,021, net result €5,357, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Hulshout · 1 establishment unit since 1999
Ground area
1.4 ha
Building footprint
1.9 ha
Parcel 13050B0059/00Z000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
IMAG!N
since 19992.092.429.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13050B0059/00Z000 | Flanders | 1.4 ha | 1 · 1.9 ha | - |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,806 EUR awarded · 1,806 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,149 EUR | 1,149 EUR |
| 2024 | 1 | 83 EUR | 83 EUR |
| 2023 | 1 | 158 EUR | 158 EUR |
| 2022 | 1 | 416 EUR | 416 EUR |
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Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 2,728 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
Founded22-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466304041
Also
9925:BE0466304041
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.