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IMALC

Active
Public limited companyfounded 1992active for 34 yearsChaussée d'Antoing(TOU) 55, 7500 Tournai, Belgium20 active companies are registered at this addressKBO/BCE: BE 0447.632.036
Summary

IMALC has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €291,282. Equity is shrinking by about 5% per year across the filed financial years. Its solvency ranks better than 73% of 3,858 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
IMALCActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
1 site
Size
≈ €590,000turnover 2025, estimated
Staff
0.5 FTE
Equity
€1.1m
Profit
€291,282
Turnover estimated from the gross margin
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
SOWAPIMMO · 100%
  • Christian VERDONCKDirector
  • SOWAPIMMODirector · permanent representative Christophe BONCHOUX
2025 accounts filed 27 days late3 of 12 deeds summarised
Why 94raises riskLiquidity: current ratio 2.88, cash €4,047, halvedlowers riskFounded in 1992Size: 0.5 FTE, total assets €1.4mEquity €1.1m (79.4% of total assets)Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 49% of its sector peers (NACE 70, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 79.4% of total assets
Liquidity 50-9
short-term debt 5.0% · cash 0.3%
Profitability 94+61
return on assets 20.5%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (48,501 companies, NACE 70, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: 0.1%▲ +0.1 percentage points vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%▼ -0.1 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025lowest value 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.88, compared with 3.48 in 2024, above the usual 1.5; short-term debt: 5% and cash: 0.3% of total assets), and 20.6% of the assets are financed with debt and provisions.
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, micro): better than 86% on solvency, 36% on liquidity, 64% on profitability and 11% on growth.

The bankruptcy probability was computed on 30-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 2.88, cash €4,047, halved
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: 0.5 FTE, total assets €1.4m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €1.1m (79.4% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 27 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
20 days late
2023
28 days early
2022
42 days early
2021
32 days early
2020
26 days early
2019
46 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 18 days before 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 July (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignations: Michel BODSON (director) and David…Appointments: Christian VERDONCK, SOWAPIMMO and…
  3. Back to profitnet €291,282

Financials · financial year 2025, full format

2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432675.

Turnover
≈ €590,000
Estimated: probably between €470,000 and €1.1m
EBIT margin
Not included in this filing
Net result
€291,282
2024 · -€19,023
Working capital
€133,799▼ 89.5%
2024 · €1.3m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5.2 times 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.3m 2025 Net result€0.3m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.3m-€0.5m▲ 77.3%€1.1m▲ 134%-€0.04m-€0.05m▼ 14.7%-€0.2m▼ 216%€0.06m€0.3m▲ 420%
Net result€0.2m-€0.3m▲ 71.3%€0.7mabove the sector's middle half▲ 152%-€0.04mbelow the sector's middle half-€0.07mbelow the sector's middle half▼ 69.4%-€0.2mbelow the sector's middle half▼ 157%-€0.02mbelow the sector's middle half▲ 89.6%€0.3mwithin the sector's middle half
Equity€2.5m-€2.0m▼ 21.8%€2.2mwithin the sector's middle half▲ 9.6%€2.1mwithin the sector's middle half▼ 2.0%€2.0mwithin the sector's middle half▼ 3.4%€1.9mwithin the sector's middle half▼ 9.0%€2.8mwithin the sector's middle half▲ 52.3%€1.1mwithin the sector's middle half▼ 60.1%
Total assets€2.7m-€3.5m▲ 30.3%€3.4mwithin the sector's middle half▼ 3.3%€4.0mwithin the sector's middle half▲ 18.8%€3.0mwithin the sector's middle half▼ 25.2%€2.8mwithin the sector's middle half▼ 6.2%€3.6mwithin the sector's middle half▲ 25.6%€1.4mwithin the sector's middle half▼ 60.1%
Debt€0.1m-€1.5m▲ 936%€0.7m▼ 50.8%€1.5m▲ 96.9%€0.6m▼ 59.5%€0.7m▲ 10.3%€0.5m▼ 22.0%€0.07m▼ 85.8%
Working capital€0.7m-€0.1m▼ 80.3%€2.0mabove the sector's middle half▲ 16×€1.8mabove the sector's middle half▼ 12.8%€1.6mabove the sector's middle half▼ 12.2%€1.3mabove the sector's middle half▼ 18.3%€1.3mabove the sector's middle half▼ 0.2%€0.1mwithin the sector's middle half▼ 89.5%
Solvency93.1%-55.9%▼ 37.3pp63.3%within the sector's middle half▲ 7.4pp52.3%within the sector's middle half▼ 11.0pp67.5%within the sector's middle half▲ 15.2pp65.5%within the sector's middle half▼ 2.0pp79.4%above the sector's middle half▲ 13.9pp79.4%within the sector's middle half=
Current ratio5.58-1.09▼ 4.493.71above the sector's middle half▲ 2.632.20within the sector's middle half▼ 1.513.61above the sector's middle half▲ 1.412.93within the sector's middle half▼ 0.683.48above the sector's middle half▲ 0.552.88within the sector's middle half▼ 0.59
Return on assets (ROA)6.4%-8.5%▲ 2.0pp22.0%above the sector's middle half▲ 13.5pp-1.0%below the sector's middle half▼ 23.0pp-2.4%below the sector's middle half▼ 1.3pp-6.5%below the sector's middle half▼ 4.1pp-0.5%below the sector's middle half▲ 5.9pp20.5%above the sector's middle half▲ 21.0pp
Staff (FTE)0.5-0.5=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=0.5below the sector's middle half=
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €1.2m ▼ 31.8%
Current assets €204,825 ▼ 88.5%
Equity and liabilities €1.4m
Equity €1.1m ▼ 60.1%
Provisions €219,393 =
Debt €73,097 ▼ 85.8%
Debt's share of the balance-sheet total falls from 14.4% to 5.1%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€336,915▲
2024 · €94,956
Cash flow
€326,940▲
2024 · €18,040
Debt to equity
0.06▼
2024 · 0.18
ROE
25.8%▲
2024 · -0.7%
Interest coverage
13.12▲
2024 · 1.74
Debt ≤ 1 year
€71,026▼
2024 · €512,331
Income taxes
€1,768▼
2024 · €28,655
Staff costs
€38,056▲
2024 · €37,488
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,368 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 · 61 lines
Balance sheet Code20242025
Assets
Total assets20/58€3.6m€1.4m▼
Fixed assets21/28€1.8m€1.2m▼
Intangible fixed assets21€1€1=
Tangible fixed assets22/27€1.6m€1.2m▼
Land and buildings22€1.3m€0.9m▼
Plant, machinery and equipment23€0.02m€0.02m▼
Assets under construction and advance payments27€0.3m€0.3m▲
Financial fixed assets28€0.2m€363▼
Current assets29/58€1.8m€0.2m▼
Amounts receivable within one year40/41€0.9m€0.2m▼
Trade receivables40€0.007m€0.02m▲
Other amounts receivable41€0.9m€0.2m▼
Current investments50/53€0.5m€0▼
Cash at bank and in hand54/58€0.3m€0.004m▼
Deferred charges and accrued income490/1€0.006m€0.007m▲
Equity and liabilities
Total equity and liabilities10/49€3.6m€1.4m▼
Equity10/15€2.8m€1.1m▼
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Revaluation surpluses12€1.0m€0.7m▼
Reserves13€1.8m€0.4m▼
Non-distributable reserves130/1€0.06m€0.06m=
Legal reserve130€0.06m€0.06m=
Distributable reserves133€1.7m€0.3m▼
Profit (loss) carried forward14-€0
Provisions and deferred taxes16€0.2m€0.2m=
Provisions for liabilities and charges160/5€0.2m€0.2m=
Major repairs and maintenance162€0.2m€0.2m=
Amounts payable17/49€0.5m€0.07m▼
Amounts payable within one year42/48€0.5m€0.07m▼
Financial debts43€434€0▼
Credit institutions430/8€434€0▼
Trade debts44€0.01m€0.01m▲
Suppliers440/4€0.01m€0.01m▲
Taxes, remuneration and social security45€0.02m€0.01m▼
Taxes450/3€0.01m€0.009m▼
Remuneration and social security454/9€0.004m€0.006m▲
Other amounts payable47/48€0.5m€0.05m▼
Accrued charges and deferred income492/3€0.002m€0.002m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.04m€0.04m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.04m▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.1m€0▲
Other operating charges640/8€0.09m€0.03m▼
Gross operating margin9900€0.1m€0.4m▲
Operating profit (loss)9901€0.06m€0.3m▲
Financial income75/76B€0.006m€0.02m▲
Recurring financial income75€0.006m€0.02m▲
Financial charges65/66B€0.05m€0.03m▼
Recurring financial charges65€0.05m€0.03m▼
Profit (loss) for the period before taxes9903€0.01m€0.3m▲
Income taxes67/77€0.03m€0.002m▼
Profit (loss) for the period9904-€0.02m€0.3m▲
Profit (loss) for the period to be appropriated9905-€0.02m€0.3m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.02m€0.3m▲
Transfer from equity791/2€0.02m€1.7m▲
Transfer to equity691/2-€0.3m
To other reserves6921-€0.3m
Profit to be distributed694/7-€1.7m
Return on contributions (dividend)694-€1.7m
Social balance sheet
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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€0.02m€0---
Remuneration, social security and pensions62---€0.02m€0.03m€0.04m€0.04m€0.04m▲ 1.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m€0.05m€0.05m€0.05m€0.05m€0.04m€0.04m▼ 3.8%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.05m-€0.07m-€0.07m-€0.1m€0-
Other operating charges640/8---€0.03m€0.03m€0.03m€0.09m€0.03m▼ 68.7%
Gross operating margin9900€0.5m€0.7m€1.7m€0.01m-€0.009m-€0.1m€0.1m€0.4m▲ 234%
Operating profit (loss)9901€0.3m€0.5m€1.1m-€0.04m-€0.05m-€0.2m€0.06m€0.3m▲ 420%
Financial income75/76B---€0.008m€0.003m€0.009m€0.006m€0.02m▲ 177%
Recurring financial income75€0.01m€0.01m€0.004m€0.008m€0.003m€0.009m€0.006m€0.02m▲ 177%
Financial charges65/66B---€0.004m€0.02m€0.03m€0.05m€0.03m▼ 52.9%
Recurring financial charges65€491€0.01m€0.001m€0.004m€0.02m€0.03m€0.05m€0.03m▼ 52.9%
Profit (loss) for the period before taxes9903€0.3m€0.5m€1.1m-€0.04m-€0.07m-€0.2m€0.01m€0.3m▲ 30×
Income taxes67/77€0.1m€0.2m€0.4m€0.001m€0.004m€0.001m€0.03m€0.002m▼ 93.8%
Profit (loss) for the period9904€0.2m€0.3m€0.7m-€0.04m-€0.07m-€0.2m-€0.02m€0.3m-
Profit (loss) for the period to be appropriated9905€0.2m€0.3m€0.7m-€0.04m-€0.07m-€0.2m-€0.02m€0.3m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.7m€3.5m€3.4m€4.0m€3.0m€2.8m€3.6m€1.4m▼ 60.1%
Formation expenses20€0--------
Fixed assets21/28€1.9m€1.9m€0.6m€0.8m€0.9m€0.9m€1.8m€1.2m▼ 31.8%
Intangible fixed assets21€1€1€1€1€1€1€1€1=
Tangible fixed assets22/27€1.9m€1.9m€0.6m€0.6m€0.7m€0.7m€1.6m€1.2m▼ 23.2%
Land and buildings22---€0.5m€0.5m€0.4m€1.3m€0.9m▼ 30.3%
Plant, machinery and equipment23---€0.04m€0.04m€0.03m€0.02m€0.02m▼ 19.6%
Furniture and vehicles24---€0.008m€0.002m€0---
Assets under construction and advance payments27---€0.03m€0.2m€0.2m€0.3m€0.3m▲ 10.0%
Financial fixed assets28€0.03m€0.01m€0.01m€0.2m€0.2m€0.2m€0.2m€363▼ 99.8%
Current assets29/58€0.8m€1.7m€2.8m€3.2m€2.2m€1.9m€1.8m€0.2m▼ 88.5%
Stocks and contracts in progress3€0--------
Amounts receivable within one year40/41€0.3m€0.4m€0.9m€0.6m€1.1m€1.0m€0.9m€0.2m▼ 79.3%
Trade receivables40---€0€0.01m€0.01m€0.007m€0.02m▲ 105%
Other amounts receivable41---€0.6m€1.1m€1.0m€0.9m€0.2m▼ 80.7%
Current investments50/53€0--€0.5m€0.5m€0.5m€0.5m€0▼ 100%
Cash at bank and in hand54/58€0.5m€1.3m€1.8m€2.1m€0.5m€0.4m€0.3m€0.004m▼ 98.8%
Deferred charges and accrued income490/1---€0.002m€0.001m€0.001m€0.006m€0.007m▲ 12.4%
Equity and liabilities
Total equity and liabilities10/49€2.7m€3.5m€3.4m€4.0m€3.0m€2.8m€3.6m€1.4m▼ 60.1%
Equity10/15€2.5m€2.0m€2.2m€2.1m€2.0m€1.9m€2.8m€1.1m▼ 60.1%
Contributions10/11€0.9m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m€0.06m=
Capital10---€0.06m€0.06m€0.06m€0.06m€0.06m=
Issued capital100---€0.06m€0.06m€0.06m€0.06m€0.06m=
Revaluation surpluses12------€1.0m€0.7m▼ 30.3%
Reserves13€1.0m€1.3m€2.1m€2.1m€2.0m€1.8m€1.8m€0.4m▼ 78.9%
Non-distributable reserves130/1---€0.06m€0.06m€0.06m€0.06m€0.06m=
Legal reserve130---€0.06m€0.06m€0.06m€0.06m€0.06m=
Distributable reserves133---€2.0m€1.9m€1.7m€1.7m€0.3m▼ 81.7%
Profit (loss) carried forward14€0------€0-
Provisions and deferred taxes16€0.04m€0.03m€0.5m€0.5m€0.4m€0.3m€0.2m€0.2m=
Provisions for liabilities and charges160/5---€0.5m€0.4m€0.3m€0.2m€0.2m=
Major repairs and maintenance162---€0.5m€0.4m€0.3m€0.2m€0.2m=
Amounts payable17/49€0.1m€1.5m€0.7m€1.5m€0.6m€0.7m€0.5m€0.07m▼ 85.8%
Amounts payable after more than one year17€0--------
Amounts payable within one year42/48€0.1m€1.5m€0.7m€1.5m€0.6m€0.7m€0.5m€0.07m▼ 86.1%
Financial debts43---€277€0.001m€258€434€0▼ 100%
Credit institutions430/8---€277€0.001m€258€434€0▼ 100%
Trade debts44€0.03m€0.5m€0.03m€0.02m€0.04m€0.1m€0.01m€0.01m▲ 3.9%
Suppliers440/4---€0.02m€0.04m€0.1m€0.01m€0.01m▲ 3.9%
Advances received on contracts in progress46---€0-----
Taxes, remuneration and social security45---€0.4m€0.02m€0.02m€0.02m€0.01m▼ 17.1%
Taxes450/3---€0.4m€0.01m€0.02m€0.01m€0.009m▼ 36.5%
Remuneration and social security454/9---€0.004m€0.004m€0.005m€0.004m€0.006m▲ 46.9%
Other amounts payable47/48---€1.1m€0.5m€0.5m€0.5m€0.05m▼ 90.5%
Accrued charges and deferred income492/3---€215€178€266€0.002m€0.002m▲ 32.7%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.2m€0.3m€0.7m-€0.04m-€0.07m-€0.2m-€0.02m€0.3m-
+ Depreciation and write-downs630€0.1m€0.1m€0.05m€0.05m€0.05m€0.05m€0.04m€0.04m▼ 3.8%
Operating cash flow (approximation)€0.3m€0.4m€0.8m€0.009m-€0.02m-€0.1m€0.02m€0.3m▲ 18×
Investment in fixed assets (approximation)--€0.07m€1.2m-€0.2m-€0.1m-€0.08m-€0.9m€0.5m-
Change in cash-€0.8m€0.6m€0.3m-€1.6m-€0.1m-€0.05m-€0.3m▼ 588%

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

Download as CSV

Latest 10 of 34 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 27-08-2026 2026-00432675
31-12-2024 full format 20-08-2025 2025-00390037
31-12-2023 full format 03-07-2024 2024-00200838
31-12-2022 full format 19-06-2023 2023-00134855
31-12-2021 full format 29-06-2022 2022-20115025
31-12-2020 full format 05-07-2021 2021-31200038
31-12-2019 full format 15-06-2020 2020-17300523
31-12-2018 full format 14-06-2019 2019-18700355
31-12-2017 full format 14-06-2018 2018-19100114
31-12-2016 full format 15-06-2017 2017-17800008

Show all 34 filings

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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2026

Board 2

Christian VERDONCK
Director · since 22-12-2025
Current
SOWAPIMMO
Director · since 22-12-2025 · Legal entity · permanent representative: Christophe BONCHOUX
Current

Permanent representatives 1

Christophe BONCHOUX
Permanent representative · since 22-12-2025 · for SOWAPIMMO
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
9 of this company's 12 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

5 people since 2024, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Christian VERDONCK
  • Director, from 22-12-2025 to date
SOWAPIMMO
  • Director, from 22-12-2025 to date
David NAESSENS
  • Director, from before 24-07-2024 to 22-01-2026
Michel BODSON
  • Director, from before 24-07-2024 to 22-01-2026
Bertrand BODSON
  • Director, from before 24-07-2024 to 10-07-2025
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE 60%
  2. SOWAPIMMO 100%
  3. IMALC

Highest known parent: SOCIETE DE DEVELOPPEMENT ET DE PARTICIPATION DE LA WALLONIE PICARDE. The sources do not say who stands above it.

Owners 1

According to the 2025 annual accounts of IMALC and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

4 connected companies
Depth
Christian VERDONCK, Shared director, links 4 companies CVChristianVERDONCKADVANCED DIGITAL NETWORKS, via Christian VERDONCK ADADVANCED DIGITALNETWORKSBIZZDEV, via Christian VERDONCK BBIZZDEVDe Scheldevrienden, via Christian VERDONCK DSDeScheldevriendenDeloitte Bedrijfsrevisoren/Réviseurs d’Entreprises, via Christian VERDONCK DBDeloitteBedrijfsrevis…IMALC IMALC0447.632.036
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ADVANCED DIGITAL NETWORKS
via Christian VERDONCK · Administrateur non statutaire
→
BIZZDEV
via Christian VERDONCK · Managing director
→
De Scheldevrienden
via Christian VERDONCK · Director
→
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
via Christian VERDONCK · Director
former→

History

IMALC was incorporated on 10 June 1992.1 Total assets fell from €2.7m in 2018 to €1.4m in 2025 and headcount from 0.5 to 0.5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
27-08
NBB filing Annual accounts filed
financial year 2025 · full format · 27 days late
22-01
Gazette deed Resignations: Michel BODSON (director) and David NAESSENS (director)
Appointments: Christian VERDONCK, SOWAPIMMO and 2 others · Permanent representative: Christophe BONCHOUX · Director discharge10 facts ▸
  • General meeting, 22-12-2025
  • Director resignation, Michel BODSON (director)
  • Director resignation, David NAESSENS (director)
  • Director discharge, Michel BODSON
  • Director discharge, David NAESSENS
  • Director appointment, Christian VERDONCK (director)
  • Director appointment, SOWAPIMMO (director)
  • Director appointment, David NAESSENS (director)
  • Director appointment, Michel BODSON (director)
  • Permanent representative, Christophe BONCHOUX
2025
31-12
Financial Back to profitnet €291,282
Net result €291,282 after 4 loss-making years.
20-08
NBB filing Annual accounts filed
financial year 2024 · full format · 20 days late
25-07
Gazette deed Resignation: Bertrand BODSON (director)
Director discharge4 facts ▸
  • General meeting, 10-07-2025
  • Director resignation, Bertrand BODSON (director)
  • Director discharge, Bertrand BODSON
  • Other provision, “non-remplacement après démission administrateur, unanimité des voix” (deed in French)
2024
31-12
Financial Equity above €2mequity €2.8m ▲52.3%
Equity rises from €1.9m to €2.8m.
24-07
Gazette deed Reappointments: Michel BODSON, Bertrand BODSON and David NAESSENS
6 facts ▸
  • General meeting, 12-06-2024
  • Board meeting, 12-06-2024
  • Director reappointment, Michel BODSON (director)
  • Director reappointment, Bertrand BODSON (director)
  • Director reappointment, David NAESSENS (director)
  • Director reappointment, Michel BODSON
03-07
NBB filing Annual accounts filed
financial year 2023 · full format
2023
31-12
Financial Weakest financial yearnet -€183,734
Net result drops to -€183,734, the lowest in the series; recovery starts the following year.
19-06
NBB filing Annual accounts filed
financial year 2022 · full format
2022
29-06
NBB filing Annual accounts filed
financial year 2021 · full format
2021
05-07
NBB filing Annual accounts filed
financial year 2020 · full format
Show earlier events
2020
31-12
Financial Highest result from 2018 to 2025net €749,092 ▲152%
Operating result €1.1m, net result €749,092, both a record.
31-12
Financial Liquidity more than triplescurrent ratio 3.71
Current ratio from 1.09 to 3.71; short-term debt falls from €1.5m to €749,481.
31-12
Financial Equity above €2mequity €2.2m ▲9.6%
A profit in every financial year since 2018 builds equity to €2.2m.
15-06
NBB filing Annual accounts filed
financial year 2019 · full format
2019
14-06
NBB filing Annual accounts filed
financial year 2018 · full format
2018
14-06
NBB filing Annual accounts filed
financial year 2017 · full format
2017
15-06
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.
3 of 12 deeds read
About the unread acts

Of the 12 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded10-06-1992
Financial year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0447632036
Also 9925:BE0447632036
Registered 31-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

General meetings

2 meeting notices
Ordinary general meeting
at the registered office · published on 19-05-2005
Agenda
Ontslag bestuurder (rechtzetting akte 14.08.2001. Varia. (77970) Imalc, société anonyme, chaussée d’Antoing 55, 7500 Tournai Numéro d’entreprise 0447.632.036 Assemblée générale du 08.06.2005, à 14 h 30 m, au siège social. Ordre du jour : Rapport de gestion du conseil d’administration. Rapport du commissaire-réviseur. Approbation du bilan et comptes de résultat, exercice 2004. Décharge aux administrateurs. Décharge au commissaire-Réviseur. Affectation du résultat. Divers. (77971) Immo 3 Lys, société anonyme, chaussée d’Antoing 55, 7500 Tournai Numéro d’entreprise 0463.364.941 Assemblée générale du 08.06.2005, à 18 heures, au siège social. Ordre du jour : rapport de gestion du conseil d’admini ...
Extraordinary general meeting
published on 28-05-2004
Agenda
Rapport de gestion du conseil d’administration. Rapport du Commissaire-Réviseur. Approbation du bilan et comptes de résultat, exercice 2003. Décharge aux administrateurs. Décharge au commissaire-Réviseur. Affectation du résultat. Divers. (79872) Imbo-VY, naamloze vennootschap, Westlaan 263, 8800 Roeselare H.R. Brugge 64411 - BTW 418.878.662 Jaarvergadering op 12.06.2004, om 14.00u op de zetel. - Agenda : Verslag raad van bestuur. Goedkeuring jaarrekening 31.12.2003. Bestemming resultaat. Kwijting bestuurders. Ontslag en benoeming bestuurders. Rondvraag. Zich richten naar de statuten. (79873) Imbotex, naamloze vennootschap, Bosbolletra 63, 8560 Wevelgem H.R. Kortrijk 110668 Jaarvergadering op ...

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

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 1992
registered office establishment The establishment unit on the map
Ground area
5,532 m²
Building footprint
564 m²
Parcel 57081I0464/00S003, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMALC SA
Chaussée d'Antoing(TOU) 55, 7500 TournaiMachining of metals
since 1992unit no. 2.058.060.876
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
57081I0464/00S003 Wallonia 5,532 m² 1 · 564 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.

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