IMAGINE EUROPE
InactiveIMAGINE EUROPE was declared bankrupt on 28-08-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 03-03-2026, published in the Belgian State Gazette on 11-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 05-08-2022, 5 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d late
2020
122 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-97k
2020 · €144k
2019: €37k
2020: €144k
2019 → 2021
Total assets
€266k▼ 18.8%
2020 · €327k
2019: €96k
2020: €327k
2019 → 2021
Net result
€-241k▼ 11.2%
2020 · €-217k
2019: €-70k
2020: €-217k
2019 → 2021
Working capital
€-76k▼ 54.5%
2020 · €-49k
2019: €12k
2020: €-49k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€37k-€144k▲ 295%€-97k
Operating result€-70k-€-212k▼ 204%€-233k▼ 10.1%
Net result€-70k-€-217k▼ 211%€-241k▼ 11.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €233k in 2021 against €212k in 2020; the loss grows and 2021 has the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €266k
Fixed assets
€199k ▼ 20.1%
Current assets
€67k ▼ 14.9%
Key figures and ratios
EBITDA
€-174k▲
2020 · €-182k
Cash flow
€-182k▲
2020 · €-187k
Solvency
-36.4%▼
2020 · 44.1%
Current ratio
0.47▼
2020 · 0.61
Quick ratio
0.43▼
2020 · 0.56
Debt to equity
-3.74▼
2020 · 0.38
ROA
-90.8%▼
2020 · -66.3%
Interest coverage
-21.88
Debt
€363k▲
2020 · €183k
Debt ≤ 1 year
€143k▲
2020 · €128k
Debt > 1 year
€220k▲
2020 · €55k
Staff costs
€72k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 48 lines
Balance sheet
Code20202021
Assets
Total assets20/58€327k€266k▼
Fixed assets21/28€249k€199k▼
Intangible fixed assets21€30k€20k▼
Tangible fixed assets22/27€220k€177k▼
Plant, machinery and equipment23-€85k
Furniture and vehicles24-€15k
Other tangible fixed assets26-€78k
Financial fixed assets28-€2k
Current assets29/58€78k€67k▼
Stocks and contracts in progress3€7k€6k▼
Stocks30/36-€6k
Amounts receivable within one year40/41€56k€4k▼
Trade receivables40-€3k
Other amounts receivable41-€209
Cash at bank and in hand54/58€13k€54k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€327k€266k▼
Equity10/15€144k€-97k▼
Contributions10/11-€431k
Profit (loss) carried forward14€-287k€-528k▼
Amounts payable17/49€183k€363k▲
Amounts payable after more than one year17€55k€220k▲
Financial debts170/4-€180k
Other amounts payable178/9-€40k
Amounts payable within one year42/48€128k€143k▲
Current portion of amounts payable after more than one year42-€37k
Financial debts43-€7
Credit institutions430/8-€7
Trade debts44€53k€79k▲
Suppliers440/4-€79k
Taxes, remuneration and social security45-€13k
Taxes450/3-€2k
Remuneration and social security454/9-€10k
Other amounts payable47/48-€14k
Income statement
Code20202021
Remuneration, social security and pensions62-€72k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€59k▲
Other operating charges640/8-€10k
Gross operating margin9900€-133k€-93k▲
Operating profit (loss)9901€-212k€-233k▼
Financial income75/76B-€175
Recurring financial income75€2€175▲
Financial charges65/66B-€8k
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€-217k€-241k▼
Profit (loss) for the period9904€-217k€-241k▼
Profit (loss) for the period to be appropriated9905€-217k€-241k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-528k
Profit (loss) brought forward from the previous period14P-€-287k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
11-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · IMAGINE EUROPE SRL RUE DE LA COLLINE 24, 1000 BRUXELLES. déclarée le 28 août 2023 · event 03-03-2026
2023
04-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · IMAGINE EUROPE SRL RUE DE LA COLLINE 24, 1000 BRUXELLES · event 28-08-2023
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Weakest financial yearnet €-241k
Net result drops to €-241k, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Equity above €100kEq €144k ▲295%
Equity rises from €37k to €144k.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VINCENT TERLINDEN Avenue Louise 349/16,
1050 IXELLES |
28-08-2023 → 03-03-2026 |