IMAGEX
ActiveSummary
IMAGEX has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.3m and a net result of €95,820. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 88% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+45
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 0.84 in 2023; short-term debt: 16.7% and cash: 4.3% of total assets), and 16.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
83.3%
Return on assets
3.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
42 d early
2022
42 d early
2021
32 d early
2020
40 d early
2019
39 d early
← 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 39 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.3m▲ 2.9%
2023 · €2.3m
Total assets
€2.8m▲ 2.3%
2023 · €2.7m
Net result
€95,820
2023 · -€5,886
Working capital
-€26,087▲ 65.1%
2023 · -€74,812
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
Line20202021202220232024
Operating result€26,862▼ 21.2%€63,663▲ 137%€32,354▼ 49.2%€2,589▼ 92.0%€81,339▲ 3,042%
Net result€33,005▼ 7.8%€59,890▲ 81.5%€37,322▼ 37.7%-€5,886€95,820
Equity€2.3m▲ 0.3%€2.3m▲ 1.5%€2.3m▲ 0.5%€2.3m▼ 1.4%€2.3m▲ 2.9%
Total assets€2.5m▲ 0.5%€2.8m▲ 11.0%€2.8m▼ 0.3%€2.7m▼ 1.4%€2.8m▲ 2.3%
Debt€252,556▲ 2.1%€494,416▲ 95.8%€476,273▼ 3.7%€470,022▼ 1.3%€468,429▼ 0.3%
Working capital-€85,393▲ 0.4%-€51,949▲ 39.2%-€41,365▲ 20.4%-€74,812▼ 80.9%-€26,087▲ 65.1%
Staff (FTE)1=1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 3,042% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.4m ▲ 0.7%
Current assets
€441,389 ▲ 12.0%
Equity and liabilities €2.8m
Equity
€2.3m ▲ 2.9%
Debt
€468,429 ▼ 0.3%
Debt's share of the balance-sheet total falls from 17.1% to 16.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,589▲
2023 · €3,662
Cash flow
€101,069▲
2023 · -€4,813
Current ratio
0.94▲
2023 · 0.84
Debt to equity
0.20▼
2023 · 0.21
ROE
4.1%▲
2023 · -0.3%
ROA
3.4%▲
2023 · -0.2%
Interest coverage
5.09▲
2023 · 0.21
Debt ≤ 1 year
€467,475▼
2023 · €468,911
Income taxes
€24,284▲
2023 · €347
Staff costs
€1,622▼
2023 · €84,331
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,412 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €90,348 | €83,202 | €84,331 | €1,622 | ▼ 98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,014 | €1,379 | €768 | €1,073 | €5,249 | ▲ 389% |
| Other operating charges640/8 | - | €3,595 | €3,791 | €3,933 | €1,093 | ▼ 72.2% |
| Gross operating margin9900 | €107,650 | €158,985 | €120,115 | €91,927 | €89,303 | ▼ 2.9% |
| Operating profit (loss)9901 | €26,862 | €63,663 | €32,354 | €2,589 | €81,339 | ▲ 3,042% |
| Financial income75/76B | - | €29,348 | €31,385 | €9,389 | €55,761 | ▲ 494% |
| Recurring financial income75 | €22,998 | €29,348 | €31,385 | €9,389 | €55,761 | ▲ 494% |
| Financial charges65/66B | - | €15,370 | €17,856 | €17,518 | €16,996 | ▼ 3.0% |
| Recurring financial charges65 | €9,066 | €15,370 | €17,856 | €17,518 | €16,996 | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €40,795 | €77,640 | €45,883 | -€5,539 | €120,104 | ▲ 2,268% |
| Income taxes67/77 | €7,790 | €17,750 | €8,562 | €347 | €24,284 | ▲ 6,899% |
| Profit (loss) for the period9904 | €33,005 | €59,890 | €37,322 | -€5,886 | €95,820 | ▲ 1,728% |
| Profit (loss) for the period to be appropriated9905 | €33,005 | €59,890 | €37,322 | -€5,886 | €95,820 | ▲ 1,728% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.5m | €2.8m | €2.8m | €2.7m | €2.8m | ▲ 2.3% |
| Fixed assets21/28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.4m | ▲ 0.7% |
| Tangible fixed assets22/27 | €1,537 | €2,487 | €1,719 | €3,132 | €19,723 | ▲ 530% |
| Plant, machinery and equipment23 | - | €2,074 | €1,609 | €1,143 | €677 | ▼ 40.7% |
| Furniture and vehicles24 | - | €413 | €111 | €1,989 | €19,046 | ▲ 858% |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €165,441 | €440,062 | €433,828 | €394,099 | €441,389 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €31,918 | €247,336 | €262,992 | €334,549 | €321,524 | ▼ 3.9% |
| Trade receivables40 | - | €40,776 | €28,077 | €84,336 | €62,849 | ▼ 25.5% |
| Other amounts receivable41 | - | €206,560 | €234,915 | €250,213 | €258,675 | ▲ 3.4% |
| Cash at bank and in hand54/58 | €125,137 | €191,471 | €168,785 | €56,604 | €119,865 | ▲ 112% |
| Deferred charges and accrued income490/1 | - | €1,254 | €2,052 | €2,946 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.5m | €2.8m | €2.8m | €2.7m | €2.8m | ▲ 2.3% |
| Equity10/15 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | ▲ 2.9% |
| Contributions10/11 | - | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €254,448 | €288,158 | €299,300 | €267,234 | €332,709 | ▲ 24.5% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | - | - | - |
| Reserves not available under the articles1311 | - | €6,150 | €6,150 | - | - | - |
| Distributable reserves133 | - | €282,008 | €293,150 | €267,234 | €332,709 | ▲ 24.5% |
| Amounts payable17/49 | €252,556 | €494,416 | €476,273 | €470,022 | €468,429 | ▼ 0.3% |
| Amounts payable within one year42/48 | €250,834 | €492,010 | €475,193 | €468,911 | €467,475 | ▼ 0.3% |
| Trade debts44 | €5,971 | €7,936 | €7,000 | €5,877 | €1,847 | ▼ 68.6% |
| Suppliers440/4 | - | €7,936 | €7,000 | €5,877 | €1,847 | ▼ 68.6% |
| Taxes, remuneration and social security45 | - | €37,895 | €22,013 | €16,853 | €15,284 | ▼ 9.3% |
| Taxes450/3 | - | €12,020 | €2,562 | €1,068 | €15,284 | ▲ 1,332% |
| Remuneration and social security454/9 | - | €25,875 | €19,451 | €15,786 | - | - |
| Other amounts payable47/48 | - | €446,180 | €446,180 | €446,180 | €450,345 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | €2,406 | €1,080 | €1,112 | €953 | ▼ 14.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,005 | €59,890 | €37,322 | -€5,886 | €95,820 | ▲ 1,728% |
| + Depreciation and write-downs630 | €1,014 | €1,379 | €768 | €1,073 | €5,249 | ▲ 389% |
| Operating cash flow (approximation) | €34,019 | €61,269 | €38,089 | -€4,813 | €101,069 | ▲ 2,200% |
| Investment in fixed assets (approximation) | - | -€2,328 | €0 | -€2,486 | -€21,841 | ▼ 779% |
| Change in cash | - | €66,334 | -€22,687 | -€112,181 | €63,261 | ▲ 156% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €95,820
Net result €95,820 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€5,886
Net result drops to -€5,886, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Vilvoorde · 1 establishment unit since 1988
Ground area
638 m²
Building footprint
70 m²
Parcel 23643G0266/00G013, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IMAGEX
since 19882.033.566.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0266/00G013 | Flanders | 638 m² | 1 · 70 m² | - |
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
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 3
-
99.99%
-
99.73%
-
33.33%
According to the 2024 annual accounts of IMAGEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 6,147 companies in sector 46190 we hold annual accounts for 2,570. 735 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
Founded20-09-1987
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0433177650
Registered
14-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.