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IMAGIL

Active
Private limited companyfounded 198640 yrs activeTiensestraat 44, 3320 Hoegaarden, BelgiumKBO/BCE: BE 0428.420.888
Summary

IMAGIL has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €182,777 and a net result of -€143,814. Equity is shrinking by ~18.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability33▼-29
Solvency30▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.06 in 2024; short-term debt: 19.5% and cash: 2.3% of total assets), and 94.5% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
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 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€143,814
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 d early
2024
30 d early
2023
48 d early
2022
146 d early
2021
136 d early
2020
4 d early
2019
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 59 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 January 1986, IMAGIL was incorporated.1 Total assets went from EUR 1.8 million in 2018 to EUR 3.3 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€182,777▼ 44.0%
2024 · €326,591
Total assets
€3.3m▲ 141%
2024 · €1.4m
Net result
-€143,814▼ 88.6%
2024 · -€76,251
Working capital
-€572,074▼ 101%
2024 · -€284,746
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-€107,234▼ 4.3%-€101,972▲ 4.9%-€94,582▲ 7.2%-€86,272▲ 8.8%-€137,692▼ 59.6%
Net result-€103,776▼ 9.0%-€93,389▲ 10.0%-€85,109▲ 8.9%-€76,251▲ 10.4%-€143,814▼ 88.6%
Equity€581,344▼ 15.1%€487,951▼ 16.1%€402,842▼ 17.4%€326,591▼ 18.9%€182,777▼ 44.0%
Total assets€1.4m▼ 9.1%€1.3m▼ 9.4%€1.2m▼ 9.9%€1.4m▲ 18.1%€3.3m▲ 141%
Debt€665,516▼ 3.3%€641,253▼ 3.6%€613,782▼ 4.3%€917,790▲ 49.5%€3.0m▲ 230%
Working capital-€275,093▼ 7.3%-€261,763▲ 4.8%-€246,851▲ 5.7%-€284,746▼ 15.4%-€572,074▼ 101%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€150,000-€100,000-€50,000€0Operating result 2021: -€107,234-€107,234Net result 2021: -€103,776-€103,776Operating result 2022: -€101,972-€101,972Net result 2022: -€93,389-€93,389Operating result 2023: -€94,582-€94,582Net result 2023: -€85,109-€85,109Operating result 2024: -€86,272-€86,272Net result 2024: -€76,251-€76,251Operating result 2025: -€137,692-€137,692Net result 2025: -€143,814-€143,81420212022202320242025-€150,000-€100,000-€50,000€0Operating result 2023: -€94,582-€94,600Net result 2023: -€85,109-€85,100Operating result 2024: -€86,272-€86,300Net result 2024: -€76,251-€76,300Operating result 2025: -€137,692-€138,000Net result 2025: -€143,814-€144,000202320242025
The operating result stays negative: a loss of €137,692 in 2025 against €86,272 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets €3.3m ▲ 139%
Current assets €75,700 ▲ 343%
Equity and liabilities €3.3m
Equity €182,777 ▼ 44.0%
Provisions €118,362 ▼ 12.0%
Debt €3.0m ▲ 230%
Debt's share of the balance-sheet total rises from 66.6% to 91.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€52,468▼
2024 · €55,699
Cash flow
€46,346▼
2024 · €65,720
Current ratio
0.12▲
2024 · 0.06
Debt to equity
16.57▲
2024 · 2.81
ROE
-78.7%▼
2024 · -23.3%
ROA
-4.3%▲
2024 · -5.5%
Interest coverage
2.35▼
2024 · 8.32
Debt ≤ 1 year
€647,773▲
2024 · €301,838
Debt > 1 year
€2.4m▲
2024 · €615,952
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,104 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.

  • Small
  • 20 years or older
  • solvency under 10%
  • a small loss
1.5% went bankrupt
3.5% stopped otherwise
94% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,104 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.4m€3.3m▲
Fixed assets21/28€1.4m€3.3m▲
Tangible fixed assets22/27€1.4m€3.3m▲
Land and buildings22€1.4m€3.3m▲
Financial fixed assets28€2,090€2,470▲
Current assets29/58€17,092€75,700▲
Cash at bank and in hand54/58€17,092€75,700▲
Equity and liabilities
Total equity and liabilities10/49€1.4m€3.3m▲
Equity10/15€326,591€182,777▼
Contributions10/11€6,205€6,205=
Reserves13€367,842€328,216▼
Tax-exempt reserves132€367,842€328,216▼
Profit (loss) carried forward14-€47,456-€151,644▼
Provisions and deferred taxes16€134,547€118,362▼
Deferred taxes168€134,547€118,362▼
Amounts payable17/49€917,790€3.0m▲
Amounts payable after more than one year17€615,952€2.4m▲
Financial debts170/4€615,952€2.4m▲
Amounts payable within one year42/48€301,838€647,773▲
Current portion of amounts payable after more than one year42€200,097€387,578▲
Trade debts44€21,110€179,294▲
Suppliers440/4€21,110€179,294▲
Other amounts payable47/48€80,631€80,901▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€141,971€190,160▲
Other operating charges640/8€9,713€10,891▲
Gross operating margin9900€65,412€63,359▼
Operating profit (loss)9901-€86,272-€137,692▼
Financial income75/76B€529-
Recurring financial income75€529-
Financial charges65/66B€6,693€22,307▲
Recurring financial charges65€6,693€22,307▲
Profit (loss) for the period before taxes9903-€92,437-€159,999▼
Transfer from deferred taxes780€16,185€16,185=
Profit (loss) for the period9904-€76,251-€143,814▼
Transfer from tax-exempt reserves789€39,626€39,626=
Profit (loss) for the period to be appropriated9905-€36,625-€104,188▼
Appropriation of the result
Profit (loss) to be appropriated9906-€49,315-€151,644▼
Profit (loss) brought forward from the previous period14P-€12,690-€47,456▼
Transfer from equity791/2€1,859-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151,277€149,206€145,019€141,971€190,160▲ 33.9%
Other operating charges640/8-€8,291€9,116€9,713€10,891▲ 12.1%
Gross operating margin9900€50,403€55,525€59,553€65,412€63,359▼ 3.1%
Operating profit (loss)9901-€107,234-€101,972-€94,582-€86,272-€137,692▼ 59.6%
Financial income75/76B-€5€442€529--
Recurring financial income75-€5€442€529--
Financial charges65/66B-€7,606€7,153€6,693€22,307▲ 233%
Recurring financial charges65€8,080€7,606€7,153€6,693€22,307▲ 233%
Profit (loss) for the period before taxes9903-€115,313-€109,574-€101,294-€92,437-€159,999▼ 73.1%
Transfer from deferred taxes780-€16,185€16,185€16,185€16,185=
Income taxes67/77€4,648-----
Profit (loss) for the period9904-€103,776-€93,389-€85,109-€76,251-€143,814▼ 88.6%
Transfer from tax-exempt reserves789-€39,626€39,626€39,626€39,626=
Profit (loss) for the period to be appropriated9905-€64,150-€53,763-€45,483-€36,625-€104,188▼ 184%
Line20212022202320242025Change
Assets
Total assets20/58€1.4m€1.3m€1.2m€1.4m€3.3m▲ 141%
Fixed assets21/28€1.4m€1.3m€1.1m€1.4m€3.3m▲ 139%
Tangible fixed assets22/27€1.4m€1.3m€1.1m€1.4m€3.3m▲ 139%
Land and buildings22-€1.3m€1.1m€1.4m€3.3m▲ 139%
Financial fixed assets28€760€1,900€2,090€2,090€2,470▲ 18.2%
Current assets29/58€7,592€21,817€34,882€17,092€75,700▲ 343%
Cash at bank and in hand54/58€7,592€21,817€34,882€17,092€75,700▲ 343%
Equity and liabilities
Total equity and liabilities10/49€1.4m€1.3m€1.2m€1.4m€3.3m▲ 141%
Equity10/15€581,344€487,951€402,842€326,591€182,777▼ 44.0%
Contributions10/11-€6,205€6,205€6,205€6,205=
Reserves13€488,579€448,953€409,327€367,842€328,216▼ 10.8%
Tax-exempt reserves132-€447,094€407,468€367,842€328,216▼ 10.8%
Distributable reserves133-€1,859€1,859---
Profit (loss) carried forward14€86,560€32,793-€12,690-€47,456-€151,644▼ 220%
Provisions and deferred taxes16€183,103€166,918€150,733€134,547€118,362▼ 12.0%
Deferred taxes168-€166,918€150,733€134,547€118,362▼ 12.0%
Amounts payable17/49€665,516€641,253€613,782€917,790€3.0m▲ 230%
Amounts payable after more than one year17€382,831€357,673€332,049€615,952€2.4m▲ 286%
Financial debts170/4-€357,673€332,049€615,952€2.4m▲ 286%
Amounts payable within one year42/48€282,685€283,580€281,733€301,838€647,773▲ 115%
Current portion of amounts payable after more than one year42-€199,158€199,624€200,097€387,578▲ 93.7%
Trade debts44€4,582€4,466€2,038€21,110€179,294▲ 749%
Suppliers440/4-€4,466€2,038€21,110€179,294▲ 749%
Taxes, remuneration and social security45-€442----
Taxes450/3-€442----
Other amounts payable47/48-€79,515€80,071€80,631€80,901▲ 0.3%
Line20212022202320242025Change
Profit (loss) for the period9904-€103,776-€93,389-€85,109-€76,251-€143,814▼ 88.6%
+ Depreciation and write-downs630€151,277€149,206€145,019€141,971€190,160▲ 33.9%
Operating cash flow (approximation)€47,501€55,818€59,911€65,720€46,346▼ 29.5%
Investment in fixed assets (approximation)--€1,140-€3,189-€371,333-€2.1m▼ 461%
Change in cash-€14,225€13,065-€17,790€58,608▲ 429%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
09-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€143,814
Net result drops to -€143,814, the lowest in the series.
01-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
07-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
17-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-03
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-03
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-04
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 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, Hoegaarden · 1 establishment unit since 1985
seat establishment approximate The establishment unit on the map
Ground area
491 m²
Building footprint
111 m²
Volume, LiDAR
504 m³
Parcel 24041D0265/00R000, Flanders · tallest building 10.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tiensestraat 44 A, 3320 Hoegaarden
Renting and operating of own or leased residential real estate, excluding social housing
since 19852.028.683.338
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24041D0265/00R000 Flanders 491 m² 1 · 111 m² 10.2 m · 1 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.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. INJUMA 99%
  2. IMAGIL

Highest known parent: INJUMA. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded03-01-1986
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0428420888
Also 9925:BE0428420888
Registered 08-10-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.