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IMAGOR S.A.

Active
Public limited companyfounded 1997active for 29 yearsRavensteinstraat 36, 1000 Brussel, BelgiumKBO/BCE: BE 0461.328.436
Summary

IMAGOR S.A. has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199.2m and a net result of €3.8m. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 16% of 3,828 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Activity
Activities of head offices
NACE 70100
#7 company by total assets in Brussels, Professional and technical services sector1 site
Size
€5.8mturnover 2025
Staff
10.7 FTE
Equity
€199.2m
Profit
€3.8m
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Structure
Parent
PLUXEE BELGIUM · 50.45%
Board
5 members
Accounts 76 days early
Why 68raises riskLiquidity: current ratio 1.14, cash €5.9mEquity €199.2m (12.6% of total assets)1 of the last 3 latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 20% of its sector peers (NACE 70, small)
Financial strength · tick = 2024
Weak
Solvency 38-7
equity 12.6% of total assets
Liquidity 2-4
short-term debt 87.4% · cash 0.4%
Profitability 13=
return on assets 0.2%
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,512 companies, NACE 70, small)
Last 24 months 11-2024: 0.4%lowest value 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 1.9%▲ +1.5 percentage points vs 02-2025highest value 04-2025: 1.9%● unchanged vs 03-2025highest value 05-2025: 1.9%● unchanged vs 04-2025highest value 06-2025: 1.9%● unchanged vs 05-2025highest value 07-2025: 1.9%● unchanged vs 06-2025highest value 08-2025: 1.9%● unchanged vs 07-2025highest value 09-2025: 1.9%● unchanged vs 08-2025highest value 10-2025: 1.8%▼ -0.1 percentage points vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 1.5%▼ -0.3 percentage points vs 12-2025 02-2026: 1.1%▼ -0.4 percentage points vs 01-2026 03-2026: 0.6%▼ -0.5 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.14, compared with 1.23 in 2024; short-term debt: 87.4% and cash: 0.4% of total assets), and 87.4% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small): better than 15% on solvency, 2% on liquidity, 4% on profitability and 60% on growth.

The bankruptcy probability was computed on 10-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.14, cash €5.9m
NBB · annual accounts
raises risk · Equity €199.2m (12.6% of total assets)
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3828 sector peers (2025).
NBB · sector comparison
Position among 3828 sector peers
Solvency
better than 16%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 14-01-2026, 76 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
76 days early
2024
289 days late
2023
76 days early
2022
72 days early
2021
6 days early
2020
1 day early
2019
35 days 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 3 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 18 January (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-08-2026 year end10-10-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Appointments: Stijn Van Brussel, Laurent Sury…Power of attorney

Key points

  • Positive: Among the best 5% on equitysector median €1.1m · 3,828 companies €199.2m View
  • Board changedlatest change 24-12-2025 · 5 in office 3 joined · 1 left View
  • Controlled by PLUXEE BELGIUMknown shareholders 100% 50.45% View
  • Positive: 6 profitable years in a rowprofit 2025: €3.8m 6 years View
  • Positive: Turnover rose in 2025from €4.5m to €5.8m ▲ 29.9% View

By topic

Financials

Financial year
2025
Turnover
€5.8m
Profit
€3.8m
Solvency
12.6%
Turnover▲ 29.9%
Net result
20202025
Go to Financials

Board & ownership

Board
5 members
Parent
PLUXEE BELGIUM · 50.45%
Known shareholders
100%
  • Alexandre Cotarmanac'hChair
  • Ben BroeckxDirector
  • Béatrice BihrDirector
  • Laurent SuryDirector
  • Stijn Van BrusselDirector
Go to Board & ownership

Timeline

Events
70
Since
2000
Next accounts
by 31-03-2027
  1. 30-10-2025Resignation: Hubert Limagne (director)
  2. 14-02-2025Resignation: Sven Marinus (director)
  3. 20-12-2024Resignations & appointments
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Activities of head officesNACE 70100
Founded
25-08-1997
Year ends
31-08
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
- la coordination, le développement et la centralisation tant en Belgique qu'à l'étranger…
Go to Articles of association

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