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 €31k and a net result of €-13k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 60% of 14128 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 €1.5k 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.
Credit check for your own amount and term
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 €-13k
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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▼ 29.9%
2024 · €44k
Total assets
€71k▼ 27.3%
2024 · €97k
Net result
€-13k▼ 5,090%
2024 · €-251
Working capital
€10k▼ 48.9%
2024 · €19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1k€4k▲ 144%€-3k€511€-12k
Net result€1k€743▼ 34.7%€-3k€-251▲ 92.3%€-13k▼ 5,090%
Equity€46k▲ 2.5%€47k▲ 1.6%€44k▼ 6.9%€44k▼ 0.6%€31k▼ 29.9%
Total assets€71k▼ 2.3%€69k▼ 1.6%€64k▼ 8.2%€97k▲ 52.4%€71k▼ 27.3%
Debt€24k▼ 10.3%€22k▼ 7.8%€20k▼ 10.9%€54k▲ 169%€40k▼ 25.2%
Working capital€30k▲ 37.9%€35k▲ 17.2%€33k▼ 4.9%€19k▼ 41.7%€10k▼ 48.9%
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 €12k after €511 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€29k ▼ 21.4%
Current assets
€42k ▼ 31.0%
Equity and liabilities €71k
Equity
€31k ▼ 29.9%
Debt
€40k ▼ 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
€-4k▼
2024 · €5k
Cash flow
€-5k▼
2024 · €4k
Current ratio
1.31▼
2024 · 1.47
Debt to equity
1.31▲
2024 · 1.23
ROE
-42.6%▼
2024 · -0.6%
ROA
-18.5%▼
2024 · -0.3%
Interest coverage
-4.52▼
2024 · 8.48
Debt ≤ 1 year
€32k▼
2024 · €41k
Debt > 1 year
€8k▼
2024 · €12k
Income taxes
€292▲
2024 · €194
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €7k | €8k | €4k | €8k | ▲ 82.7% |
| Other operating charges640/8 | €1k | €1k | €1k | €10k | €3k | ▼ 67.2% |
| Gross operating margin9900 | €10k | €11k | €7k | €15k | €-740 | ▼ 105% |
| Operating profit (loss)9901 | €1k | €4k | €-3k | €511 | €-12k | ▼ 2,421% |
| Financial income75/76B | €0 | €0 | €0 | €0 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | €173 | €3k | €357 | €569 | €883 | ▲ 55.2% |
| Recurring financial charges65 | €173 | €3k | €357 | €569 | €883 | ▲ 55.2% |
| Profit (loss) for the period before taxes9903 | €1k | €892 | €-3k | €-58 | €-13k | ▼ 22,056% |
| Income taxes67/77 | €147 | €149 | €102 | €194 | €292 | ▲ 50.8% |
| Profit (loss) for the period9904 | €1k | €743 | €-3k | €-251 | €-13k | ▼ 5,090% |
| Profit (loss) for the period to be appropriated9905 | €1k | €743 | €-3k | €-251 | €-13k | ▼ 5,090% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71k | €69k | €64k | €97k | €71k | ▼ 27.3% |
| Fixed assets21/28 | €17k | €12k | €11k | €37k | €29k | ▼ 21.4% |
| Tangible fixed assets22/27 | €13k | €9k | €7k | €33k | €25k | ▼ 23.7% |
| Plant, machinery and equipment23 | €4k | €4k | €7k | €5k | €3k | ▼ 33.1% |
| Furniture and vehicles24 | €9k | €5k | €319 | €28k | €22k | ▼ 22.0% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | €4k | = |
| Current assets29/58 | €54k | €57k | €53k | €60k | €42k | ▼ 31.0% |
| Amounts receivable within one year40/41 | €14k | €6k | €14k | €21k | €17k | ▼ 19.4% |
| Trade receivables40 | €14k | €6k | €13k | €21k | €17k | ▼ 19.4% |
| Other amounts receivable41 | €4 | €0 | €197 | €0 | - | - |
| Cash at bank and in hand54/58 | €39k | €49k | €37k | €37k | €20k | ▼ 46.4% |
| Deferred charges and accrued income490/1 | €1k | €3k | €3k | €3k | €5k | ▲ 96.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71k | €69k | €64k | €97k | €71k | ▼ 27.3% |
| Equity10/15 | €46k | €47k | €44k | €44k | €31k | ▼ 29.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €55k | €55k | €45k | €45k | €45k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €53k | €53k | €45k | €45k | €45k | = |
| Profit (loss) carried forward14 | €-15k | €-14k | €-7k | €-8k | €-21k | ▼ 172% |
| Amounts payable17/49 | €24k | €22k | €20k | €54k | €40k | ▼ 25.2% |
| Amounts payable after more than one year17 | - | - | - | €12k | €8k | ▼ 36.1% |
| Financial debts170/4 | - | - | - | €12k | €8k | ▼ 36.1% |
| Amounts payable within one year42/48 | €24k | €22k | €20k | €41k | €32k | ▼ 22.4% |
| Trade debts44 | €3k | €2k | €3k | €8k | €3k | ▼ 57.7% |
| Suppliers440/4 | €3k | €2k | €3k | €8k | €3k | ▼ 57.7% |
| Taxes, remuneration and social security45 | €5k | €5k | €6k | €9k | €6k | ▼ 28.3% |
| Taxes450/3 | €5k | €5k | €6k | €9k | €6k | ▼ 28.3% |
| Other amounts payable47/48 | €16k | €15k | €11k | €25k | €22k | ▼ 9.3% |
| Accrued charges and deferred income492/3 | - | - | - | €255 | €400 | ▲ 56.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €743 | €-3k | €-251 | €-13k | ▼ 5,090% |
| + Depreciation and write-downs630 | €7k | €7k | €8k | €4k | €8k | ▲ 82.7% |
| Operating cash flow (approximation) | €8k | €7k | €5k | €4k | €-5k | ▼ 227% |
| Investment in fixed assets (approximation) | - | €-2k | €-7k | €-30k | €0 | ▲ 100% |
| Change in cash | - | €10k | €-12k | €359 | €-17k | ▼ 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 €1k
Net result €1k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, 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 €5k ▲122%
Operating result €6k, net result €5k, 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 |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. 2,725 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
Scores and ratios are computed by Checked and are not a credit decision.