IMALC
ActiveIMALC has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €291k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 74% of 3161 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
98
/ 100
Excellent▲ +22 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency100=
Growth58▲+6
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.88 against 3.48 in 2024), and 20.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.4%
Return on assets
20.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
20 d late
2023
28 d early
2022
42 d early
2021
32 d early
2020
26 d early
2019
46 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€291k
2024 · €-19k
2018: €174k
2019: €298k
2020: €749k
2021: €-42k
2022: €-72k
2023: €-184k
2024: €-19k
2018 → 2025
Working capital
€134k▼ 89.5%
2024 · €1.27M
2018: €660k
2019: €130k
2020: €2.03M
2021: €1.77M
2022: €1.56M
2023: €1.27M
2024: €1.27M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.11M-€2.04M▼ 3.4%€1.86M▼ 9.0%€2.83M▲ 52.3%€1.13M▼ 60.1%
Operating result€-45k-€-51k▼ 14.7%€-162k▼ 216%€58k€301k▲ 420%
Net result€-42k-€-72k▼ 69.4%€-184k▼ 157%€-19k▲ 89.6%€291k
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 420% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€1.22M▼ 31.8%
Current assets
€205k▼ 88.5%
Equity and liabilities €1.42M
Equity
€1.13M▼ 60.1%
Provisions
€219k=
Debt
€73k▼ 85.8%
The debt ratio falls from 14.4% to 5.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€337k▲
2024 · €95k
Cash flow
€327k▲
2024 · €18k
Solvency
79.4%=
2024 · 79.4%
Current ratio
2.88▼
2024 · 3.48
Quick ratio
2.88▼
2024 · 3.48
Debt / equity
0.06▼
2024 · 0.18
ROE
25.8%▲
2024 · -0.7%
ROA
20.5%▲
2024 · -0.5%
Interest coverage
13.12▲
2024 · 1.74
Debt
€73k▼
2024 · €514k
Debt ≤ 1 year
€71k▼
2024 · €512k
Income taxes
€2k▼
2024 · €29k
Staff costs
€38k▲
2024 · €37k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.56M€1.42M▼
Fixed assets21/28€1.78M€1.22M▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€1.58M€1.22M▼
Land and buildings22€1.29M€899k▼
Plant, machinery and equipment23€23k€18k▼
Assets under construction and advance payments27€272k€299k▲
Financial fixed assets28€200k€363▼
Current assets29/58€1.78M€205k▼
Amounts receivable within one year40/41€935k€194k▼
Trade receivables40€7k€15k▲
Other amounts receivable41€928k€179k▼
Current investments50/53€497k€0▼
Cash at bank and in hand54/58€343k€4k▼
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€3.56M€1.42M▼
Equity10/15€2.83M€1.13M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€991k€691k▼
Reserves13€1.78M€376k▼
Non-distributable reserves130/1€62k€62k=
Legal reserve130€62k€62k=
Distributable reserves133€1.72M€314k▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€219k€219k=
Provisions for liabilities and charges160/5€219k€219k=
Major repairs and maintenance162€219k€219k=
Amounts payable17/49€514k€73k▼
Amounts payable within one year42/48€512k€71k▼
Financial debts43€434€0▼
Credit institutions430/8€434€0▼
Trade debts44€10k€10k▲
Suppliers440/4€10k€10k▲
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€14k€9k▼
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€484k€46k▼
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€37k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€36k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-100k€0▲
Other operating charges640/8€88k€27k▼
Gross operating margin9900€120k€402k▲
Operating profit (loss)9901€58k€301k▲
Financial income75/76B€6k€17k▲
Recurring financial income75€6k€17k▲
Financial charges65/66B€55k€26k▼
Recurring financial charges65€55k€26k▼
Profit (loss) for the period before taxes9903€10k€293k▲
Income taxes67/77€29k€2k▼
Profit (loss) for the period9904€-19k€291k▲
Profit (loss) for the period to be appropriated9905€-19k€291k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€291k▲
Transfer from equity791/2€19k€1.69M▲
Transfer to equity691/2-€291k
To other reserves6921-€291k
Profit to be distributed694/7-€1.69M
Return on contributions (dividend)694-€1.69M
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Back to profitnet €291k
Net result €291k after 4 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
31-12
Financial
Equity above €2MEq €2.83M ▲52.3%
Equity rises from €1.86M to €2.83M.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-184k
Net result drops to €-184k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €749k ▲152%
Operating result €1.12M, net result €749k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.71
Current ratio from 1.09 to 3.71; short-term debt falls from €1.52M to €749k.
31-12
Financial
Equity above €2MEq €2.16M ▲9.6%
3 profitable years in a row build equity to €2.16M.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-01-2026
David NAESSENS: Resigned as Director
22-01-2026
Michel BODSON: Resigned as Director
10-07-2025
Bertrand BODSON: Resigned as Director
03-06-2014
Vincent BODSON: Resigned as Director
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 1992
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.
Chaussée d'Antoing(TOU) 557500 TournaiGround area
5,532 m²
Building footprint
564 m²
Parcel 57081I0464/00S003, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMALC SA
since 19922.058.060.876
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57081I0464/00S003 | Wallonia | 5,532 m² | 1 · 564 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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PEN - DEM
BE 0423.201.201
Sint-Niklaas · Eq €1.13M
PI.CASA
BE 0462.718.308
Grimbergen · Eq €1.13M
Mundo Matongé
BE 0434.973.536
Elsene · Eq €1.13M
JE.RI.JO
BE 0435.265.427
Leuze-en-Hainaut · Eq €1.13M
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,729 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded10-06-1992
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
74142
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.