Skip to content

IMALVA

Active
Public limited companyfounded 1985active for 41 yearsHameestraat 37, 3570 Alken, BelgiumKBO/BCE: BE 0427.670.525

From the official registers: KBO 40 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

IMALVA has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €123,284. Equity has been growing by about 17% per year since 2018. Its solvency ranks better than 27% of 3,861 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
IMALVAActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Overview

Official details

KBO
Status
Active since 10-07-1985 Normal situation
Activity
Business and other management consultancy NACE 70200and 2 others
Establishment unit
2.027.546.755 3570 Alken, since 10-07-1985
Financial year end
31 December
Peppol
Reachable since 09-01-2026
Company details

Board and ownership

Board
  • MONTYSCOManaging director · permanent representative VANDERSTRAETEN Daisy
  • GROVANDirector · permanent representative GROVEN Stephaan
  • GROVEN GerryDirector
Board & ownership

Financial position

87 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
€415,077
▼ 21.4%
Turnover
≈ €610,000
estimated
Profit
€123,284
▼ 46.2%
Equity
€1.0m
▲ 13.4%
Total assets
€3.9m
▲ 26.3%
Staff
2.1 FTE
=
Filed on 30-08-2026, 30 days after the deadlineat the National Bank
Financials
Score breakdownraises risk1 change of registered office in 24 monthsLiquidity: current ratio 0.15, cash €116,583, halvedlowers riskSize: 2.1 FTE, total assets €3.9mFigures for financial year 2025 (filed on 30-08-2026)Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 35% of micro companies in head offices and management consultancy (NACE 70)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 52-3
equity 26.6% of total assets
Liquidity 32-5
short-term debt 45.1% · cash 3.0%
Profitability 73-5
return on assets 3.1%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,516 companies, NACE 70, micro)
Last 24 months 11-2024: 0.1%lowest value 12-2024: 0.2%▲ +0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.3%▲ +0.1 percentage points vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.1%▼ -0.5 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.2%▼ -0.3 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.15 (0.34 in 2024), below 1. Short-term debt is 45.1% and cash 3% of total assets. 73.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 28% of them on solvency, 14% on liquidity, 36% on profitability and 61% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

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

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 0.15, cash €116,583, halved
NBB · annual accounts
lowers risk · Size: 2.1 FTE, total assets €3.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 30-08-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 days late
2024
29 days late
2023
22 days late
2022
25 days late
2021
31 days late
2020
31 days late
2019
61 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

2025 annual accounts filed 30 days after the deadline Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00454761.

Annual accounts 2025 filed on 30-08-2026 at the NBB all 40 filings

Amounts without an identifiable currency are taken as euros.

Turnover
≈ €610,000
Estimated: probably between €490,000 and €1.2m
EBIT margin
Not included in this filing
Net result
€123,284▼ 46.2%
2024 · €229,128
Working capital
-€1.5m▼ 41.4%
2024 · -€1.1m
In the rankings #3 oldest company in Alken, Professional and technical services sector#7 company by total assets in Alken, Professional and technical services sector
Trend over the years

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

The operating result for 2025 is 42% lower than in 2024.

Operating result€0.2m 2025 Net result€0.1m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

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

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.1m▼ 20.6%€0.04m▼ 67.7%€0.1m▲ 273%€0.1m▼ 3.0%€0.07m▼ 47.7%€0.3m▲ 337%€0.2m▼ 41.7%
Net result€0.1m-€0.1m▼ 20.6%€0.02mwithin the sector's middle half▼ 78.6%€0.1mabove the sector's middle half▲ 314%€0.09mabove the sector's middle half▼ 4.2%€0.04mwithin the sector's middle half▼ 54.6%€0.2mabove the sector's middle half▲ 448%€0.1mwithin the sector's middle half▼ 46.2%
Equity€0.3m-€0.4m▲ 32.6%€0.5mabove the sector's middle half▲ 4.5%€0.6mabove the sector's middle half▲ 20.8%€0.6mabove the sector's middle half▲ 16.5%€0.7mabove the sector's middle half▲ 6.4%€0.9mwithin the sector's middle half▲ 33.1%€1.0mwithin the sector's middle half▲ 13.4%
Total assets€2.3m-€2.5m▲ 6.8%€2.5mabove the sector's middle half▲ 3.5%€2.6mabove the sector's middle half▲ 1.4%€2.6mabove the sector's middle half▼ 0.3%€2.6mabove the sector's middle half▲ 1.5%€3.1mabove the sector's middle half▲ 19.1%€3.9mwithin the sector's middle half▲ 26.3%
Debt€1.9m-€2.0m▲ 2.5%€2.1m▲ 3.4%€2.0m▼ 3.0%€1.9m▼ 5.0%€1.9m▼ 0.1%€2.2m▲ 14.2%€2.8m▲ 32.2%
Working capital-€1.6m--€1.5m▲ 3.3%-€1.5mbelow the sector's middle half▲ 4.3%-€1.4mbelow the sector's middle half▲ 7.0%-€0.9mbelow the sector's middle half▲ 35.8%-€1.1mbelow the sector's middle half▼ 22.8%-€1.1mbelow the sector's middle half▲ 1.6%-€1.5mbelow the sector's middle half▼ 41.4%
Solvency14.5%-18.0%▲ 3.5pp18.2%below the sector's middle half▲ 0.2pp21.6%below the sector's middle half▲ 3.5pp25.3%below the sector's middle half▲ 3.7pp26.5%within the sector's middle half▲ 1.2pp29.6%within the sector's middle half▲ 3.1pp26.6%within the sector's middle half▼ 3.0pp
Current ratio0.13-0.15▲ 0.020.17below the sector's middle half▲ 0.020.17below the sector's middle half▼ 0.010.16below the sector's middle half=0.12below the sector's middle half▼ 0.050.34below the sector's middle half▲ 0.220.15below the sector's middle half▼ 0.19
Return on assets (ROA)5.9%-4.4%▼ 1.5pp0.9%within the sector's middle half▼ 3.5pp3.7%within the sector's middle half▲ 2.8pp3.6%within the sector's middle half▼ 0.1pp1.6%below the sector's middle half▼ 2.0pp7.4%within the sector's middle half▲ 5.8pp3.1%within the sector's middle half▼ 4.2pp
Staff (FTE)2-2.8▲ 40.0%2.6above the sector's middle half▼ 7.1%2.4▼ 7.7%2▼ 16.7%2=2.1within the sector's middle half▲ 5.0%2.1within the sector's middle half=
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Large changes and their cause
  • 2024 Net result +448% on 2023. The accounts now follow the abbreviated format, last year the micro format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets €3.7m ▲ 42.7%
Current assets €261,446 ▼ 51.7%
Equity and liabilities €3.9m
Equity €1.0m ▲ 13.4%
Provisions €28,980 =
Debt €2.8m ▲ 32.2%
Debt's share of the balance-sheet total rises from 69.4% to 72.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€320,059▼
2024 · €425,250
Cash flow
€255,320▼
2024 · €331,867
Debt to equity
2.73▲
2024 · 2.34
ROE
11.8%▼
2024 · 24.9%
Interest coverage
13.80▼
2024 · 34.68
Debt ≤ 1 year
€1.8m▲
2024 · €1.6m
Debt > 1 year
€927,550▲
2024 · €474,708
Income taxes
€44,397▼
2024 · €83,679
Staff costs
€52,253▼
2024 · €67,046
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as IMALVA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.6m and €4.8m, founded between 1978 and 1997.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
IMALVA Alken1985€3.9m€1.0m€0.4m-€0.1m2.12025
Ets HEYDEN Blégny1991€4.2m€3.7m€0.4m-€0.05m2.92025
SOCRALVI Ham-sur-Heure-Nalinnes1978€4.8m€1.0m€0.5m--€0.04m2.32024
LA CONSULTATION COMMERCIALE Gembloux1984€2.9m€2.8m€0.5m-€0.06m1.92025
TERCOBEL Rumst1987€4.1m€3.2m€0.4m-€0.7m12025
FICOS Sankt Vith1990€2.6m€0.4m€0.3m€0.5m€0.09m22025
IKANBI GROUP Elsene1997€4.2m€4.0m€0.5m-€0.1m2.52024

They were chosen from the 54,697 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 3,984 companies had the same profile as IMALVA has now. Two years later, 1.1% had gone bankrupt and 96.5% were still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.1% went bankrupt
2.3% stopped otherwise
96.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of IMALVA itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,984 companies, not a prediction for IMALVA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines

Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€3.1m€3.9m▲
Fixed assets21/28€2.6m€3.7m▲
Tangible fixed assets22/27€2.5m€3.6m▲
Land and buildings22€2.3m€3.0m▲
Plant, machinery and equipment23€0.003m€0.006m▲
Other tangible fixed assets26€0.2m€0.2m=
Assets under construction and advance payments27-€0.3m
Financial fixed assets28€0.1m€0.1m=
Current assets29/58€0.5m€0.3m▼
Amounts receivable after more than one year29€0.1m€0.1m=
Other amounts receivable291€0.1m€0.1m=
Amounts receivable within one year40/41€0.1m€0.03m▼
Trade receivables40€0.1m€0.02m▼
Other amounts receivable41€0.002m€0.008m▲
Cash at bank and in hand54/58€0.3m€0.1m▼
Deferred charges and accrued income490/1€0.01m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€3.1m€3.9m▲
Equity10/15€0.9m€1.0m▲
Contributions10/11€0.4m€0.4m=
Capital10€0.4m€0.4m=
Issued capital100€0.4m€0.4m=
Reserves13€0.1m€0.1m=
Non-distributable reserves130/1€0.002m€0.002m=
Legal reserve130€0.002m€0.002m=
Tax-exempt reserves132€0.1m€0.1m=
Profit (loss) carried forward14€0.4m€0.5m▲
Provisions and deferred taxes16€0.03m€0.03m=
Deferred taxes168€0.03m€0.03m=
Amounts payable17/49€2.2m€2.8m▲
Amounts payable after more than one year17€0.5m€0.9m▲
Financial debts170/4€0.5m€0.9m▲
Other amounts payable178/9€0.003m€0.003m=
Amounts payable within one year42/48€1.6m€1.8m▲
Current portion of amounts payable after more than one year42-€0.2m
Financial debts43€0.1m-
Credit institutions430/8€0.1m-
Trade debts44€0.04m€0.05m▲
Suppliers440/4€0.04m€0.05m▲
Taxes, remuneration and social security45€0.06m€0.08m▲
Taxes450/3€0.05m€0.08m▲
Remuneration and social security454/9€0.007m€0.007m▲
Other amounts payable47/48€1.4m€1.4m▲
Accrued charges and deferred income492/3€0.07m€0.2m▲
Income statement Code20242025
Non-recurring operating income76A€0.03m-
Remuneration, social security and pensions62€0.07m€0.05m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Other operating charges640/8€0.04m€0.04m▲
Gross operating margin9900€0.5m€0.4m▼
Operating profit (loss)9901€0.3m€0.2m▼
Financial income75/76B€0.003m€0.003m▲
Recurring financial income75€0.003m€0.003m▲
Financial charges65/66B€0.01m€0.02m▲
Recurring financial charges65€0.01m€0.02m▲
Profit (loss) for the period before taxes9903€0.3m€0.2m▼
Income taxes67/77€0.08m€0.04m▼
Profit (loss) for the period9904€0.2m€0.1m▼
Profit (loss) for the period to be appropriated9905€0.2m€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.4m€0.5m▲
Profit (loss) brought forward from the previous period14P€0.2m€0.4m▲
Social balance sheet
Average headcount (FTE)90872.12.1=

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€1,504€0-€33,003--
Remuneration, social security and pensions62---€79,234€70,208€75,824€67,046€52,253▼ 22.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€95,063€93,169€89,926€91,777€98,893€103,893€102,739€132,035▲ 28.5%
Other operating charges640/8---€29,887€32,557€35,019€35,935€42,766▲ 19.0%
Gross operating margin9900€306,791€299,525€205,708€346,421€342,807€288,551€528,231€415,077▼ 21.4%
Operating profit (loss)9901€152,373€120,926€39,011€145,523€141,149€73,815€322,511€188,023▼ 41.7%
Financial income75/76B---€2,400€2,402€3,092€2,557€2,844▲ 11.2%
Recurring financial income75€1,100€2,207€2,400€2,400€2,402€3,092€2,557€2,844▲ 11.2%
Financial charges65/66B---€14,793€20,588€16,518€12,262€23,186▲ 89.1%
Recurring financial charges65€16,286€14,075€15,314€14,793€20,588€16,518€12,262€23,186▲ 89.1%
Profit (loss) for the period before taxes9903€137,187€109,059€26,097€133,131€122,963€60,389€312,806€167,681▼ 46.4%
Income taxes67/77€455€473€2,842€36,965€30,865€18,606€83,679€44,397▼ 46.9%
Profit (loss) for the period9904€136,732€108,585€23,255€96,166€92,097€41,783€229,128€123,284▼ 46.2%
Profit (loss) for the period to be appropriated9905€136,732€108,585€23,255€96,166€92,097€41,783€229,128€123,284▼ 46.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.3m€2.5m€2.5m€2.6m€2.6m€2.6m€3.1m€3.9m▲ 26.3%
Fixed assets21/28€2.1m€2.2m€2.2m€2.3m€2.4m€2.5m€2.6m€3.7m▲ 42.7%
Tangible fixed assets22/27€1.9m€2.1m€2.1m€2.2m€2.3m€2.4m€2.5m€3.6m▲ 44.7%
Land and buildings22---€2.0m€2.1m€2.2m€2.3m€3.0m▲ 34.5%
Plant, machinery and equipment23---€0.005m€0.004m€0.004m€0.003m€0.006m▲ 100.0%
Furniture and vehicles24---€366€183----
Other tangible fixed assets26---€0.2m€0.2m€0.2m€0.2m€0.2m=
Assets under construction and advance payments27-------€0.3m-
Financial fixed assets28€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Current assets29/58€0.2m€0.3m€0.3m€0.3m€0.2m€0.1m€0.5m€0.3m▼ 51.7%
Amounts receivable after more than one year29---€0.1m€0.1m€0.1m€0.1m€0.1m=
Other amounts receivable291---€0.1m€0.1m€0.1m€0.1m€0.1m=
Amounts receivable within one year40/41€0.04m€0.1m€0.1m€0.05m€0.05m€0.01m€0.1m€0.03m▼ 69.5%
Trade receivables40---€0.01m€0.01m€0.01m€0.1m€0.02m▼ 77.1%
Other amounts receivable41---€0.04m€0.03m-€0.002m€0.008m▲ 312%
Cash at bank and in hand54/58€0.1m€0.08m€0.1m€0.1m€0.01m€0.03m€0.3m€0.1m▼ 64.0%
Deferred charges and accrued income490/1---€0.004m€0.01m€0.007m€0.01m€0.01m▲ 6.5%
Equity and liabilities
Total equity and liabilities10/49€2.3m€2.5m€2.5m€2.6m€2.6m€2.6m€3.1m€3.9m▲ 26.3%
Equity10/15€0.3m€0.4m€0.5m€0.6m€0.6m€0.7m€0.9m€1.0m▲ 13.4%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m=
Capital10---€0.4m€0.4m-€0.4m€0.4m=
Issued capital100---€0.4m€0.4m-€0.4m€0.4m=
Contributions outside capital11-----€0.4m---
Other1109/19-----€0.4m---
Reserves13€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Legal reserve130---€0.002m€0.002m-€0.002m€0.002m=
Reserves not available under the articles1311-----€0.002m---
Tax-exempt reserves132---€0.1m€0.1m€0.1m€0.1m€0.1m=
Profit (loss) carried forward14-€0.2m-€0.06m-€0.04m€0.06m€0.2m€0.2m€0.4m€0.5m▲ 29.2%
Provisions and deferred taxes16€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m€0.03m=
Deferred taxes168---€0.03m€0.03m€0.03m€0.03m€0.03m=
Amounts payable17/49€1.9m€2.0m€2.1m€2.0m€1.9m€1.9m€2.2m€2.8m▲ 32.2%
Amounts payable after more than one year17€0.02m€0.08m€0.2m€0.3m€0.8m€0.6m€0.5m€0.9m▲ 95.4%
Financial debts170/4---€0.3m€0.8m€0.6m€0.5m€0.9m▲ 95.9%
Other amounts payable178/9---€0.003m€0.003m€0.003m€0.003m€0.003m=
Amounts payable within one year42/48€1.8m€1.8m€1.8m€1.7m€1.1m€1.2m€1.6m€1.8m▲ 10.1%
Current portion of amounts payable after more than one year42-------€0.2m-
Financial debts43---€0.7m€0.2m€0.2m€0.1m--
Credit institutions430/8---€0.7m€0.2m€0.2m€0.1m--
Trade debts44€0.05m€0.1m€0.2m€0.07m€0.07m€0.06m€0.04m€0.05m▲ 27.9%
Suppliers440/4---€0.07m€0.07m€0.06m€0.04m€0.05m▲ 27.9%
Taxes, remuneration and social security45---€0.06m€0.06m€0.06m€0.06m€0.08m▲ 41.7%
Taxes450/3---€0.05m€0.06m€0.04m€0.05m€0.08m▲ 47.1%
Remuneration and social security454/9---€0.01m€0.008m€0.01m€0.007m€0.007m▲ 2.8%
Other amounts payable47/48---€0.8m€0.8m€1.0m€1.4m€1.4m▲ 3.9%
Accrued charges and deferred income492/3---€0.07m€0.07m€0.07m€0.07m€0.2m▲ 107%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.1m€0.1m€0.02m€0.1m€0.09m€0.04m€0.2m€0.1m▼ 46.2%
+ Depreciation and write-downs630€0.1m€0.09m€0.09m€0.09m€0.1m€0.1m€0.1m€0.1m▲ 28.5%
Operating cash flow (approximation)€0.2m€0.2m€0.1m€0.2m€0.2m€0.1m€0.3m€0.3m▼ 23.1%
Investment in fixed assets (approximation)--€0.2m-€0.1m-€0.2m-€0.2m-€0.2m-€0.2m-€1.2m▼ 496%
Change in cash--€0.02m€0.02m€0.02m-€0.1m€0.01m€0.3m-€0.2m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 40 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 30-08-2026 2026-00454761 NBB
31-12-2024 abbreviated format 29-08-2025 2025-00435891 PDF
31-12-2023 micro format 22-08-2024 2024-00359030 PDF
31-12-2022 micro format 25-08-2023 2023-00352980 PDF
31-12-2021 micro format 31-08-2022 2022-20365501 PDF
31-12-2020 micro format 31-08-2021 2021-61400219 PDF
31-12-2019 micro format 30-09-2020 2020-56700356 PDF
31-12-2018 micro format 30-08-2019 2019-55100065 PDF
31-12-2017 abbreviated format 29-08-2018 2018-54900332 PDF
31-12-2016 micro format 31-08-2017 2017-52500189 PDF

Show all 40 filings

Board & ownership

Directors

Directors
3 directors, 1 in day-to-day management, last change in 2024

Board 3

GROVAN
Director · current term since 15-11-2024 · Public limited company · permanent representative: GROVEN Stephaan · listed in the 2025 annual accounts, filed on 30-08-2026
Current
GROVEN Gerry
Director · current term since 15-11-2024 · listed in the 2025 annual accounts, filed on 30-08-2026
Current
MONTYSCO
Director · current term since 15-11-2024 · Public limited company · permanent representative: VANDERSTRAETEN Daisy · listed in the 2025 annual accounts, filed on 30-08-2026
Current

Day-to-day management 1

MONTYSCO
Managing director · in office according to the act of 22-12-2023 · Public limited company · permanent representative: VANDERSTRAETEN Daisy
Current
Permanent representatives 2
GROVEN Stephaan
Permanent representative · in office according to the act of 22-12-2023 · for GROVAN
Current
VANDERSTRAETEN Daisy
Permanent representative · in office according to the act of 22-12-2023 · for MONTYSCO
Current
Office holders in the KBO →

Owners and capital

Capital transactions

Capital over time
  1. 22-11-2024 Capital stated in the deed · €400,000 · 126,000 shares

Mandate history

3 people, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
GROVAN
  • Director (not named in the articles), since before 17-06-2023
GROVEN Gerry
  • Director (not named in the articles), since before 17-06-2023
MONTYSCO
  • Director (not named in the articles), since before 17-06-2023
  • Managing director, since before 17-06-2023
See the board, name and registered office on a given date →

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“3, algemene vergadering te allen tijde zonder opgave redenen met onmiddellijke ingang”
“Uit midden raad van bestuur”
“Plaats in oproepingsbrief bij gebrek zetel, belang vennootschap en binnen 10 dagen na verzoek twee bestuurders”
“Aan collega voor bepaalde raad schriftelijk, tenminste helft leden aanwezig of vertegenwoordigd”
“Bijzonder register, ten minste twee bestuurders”
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Een of meer, bestuursorgaan in functie als college van vereffenaars”
“Alle verrichtingen vermeld in de wet, gewone meerderheid”

Articles of association, deed of 22-11-2024 (in Dutch)

Network & group

Connections & network

3 current directors
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
30-08
NBB filing Annual accounts filedNBB
financial year 2025 · full format · 30 days late
2025
31-12
Financial Equity above €1mequity €1.0m ▲13.4%
With a profit in every financial year since 2018, equity grows to €1.0m.
29-08
NBB filing Annual accounts filedPDF
financial year 2024 · abbreviated format · 29 days late
2024
31-12
Financial Highest result from 2018 to 2025net €229,128 ▲448%
The operating result of €322,511 and the net result of €229,128 are both a record.
22-11
Gazette deed Appointments: MONTYSCO, GROVAN and GROVEN Gerry
Permanent representatives: VANDERSTRAETEN Daisy and GROVEN Stephaan · Amendment of the articles · Registered-office move15 points ▸
  • General meeting, 15-11-2024
  • Amendment of the articles, mentioned 2 times in the deed
  • Registered-office move, 3570 Alken,Hameestraat 37
  • Capital, €400,000
  • Director appointment, MONTYSCO (director)
  • Permanent representative, VANDERSTRAETEN Daisy
  • Director appointment, GROVAN (director)
  • Permanent representative, GROVEN Stephaan
  • Director appointment, GROVEN Gerry (director)
  • Board meeting, “dagelijks bestuurder, Raad van bestuur” (deed in Dutch)
  • Other provision, “België noch andere EER-lidstaat, geen bestuursverbod” (deed in Dutch)
  • Registered office clause, “3570 Alken,Hameestraat 37” (deed in Dutch)
  • The act holds 3 more points.

Open the act in the Belgian Official Gazette

22-08
NBB filing Annual accounts filedPDF
financial year 2023 · micro format · 22 days late
2023
22-12
Gazette deed Reappointments: NV Grovan, NV MONTYSCO and Gerry Groven
6 points ▸
  • General meeting, 11-12-2023
  • Board meeting, 09-11-2023
  • Director reappointment, NV Grovan (director (not named in the articles))
  • Director reappointment, NV MONTYSCO (director (not named in the articles))
  • Director reappointment, Gerry Groven (director (not named in the articles))
  • Director reappointment, NV MONTYSCO (managing director)

Open the act in the Belgian Official Gazette

25-08
NBB filing Annual accounts filedPDF
financial year 2022 · micro format · 25 days late
2022
31-08
NBB filing Annual accounts filedPDF
financial year 2021 · micro format · 31 days late
2021
31-12
Financial Equity above €500,000equity €557,785 ▲20.8%
With a profit in every financial year since 2018, equity grows to €557,785.
31-08
NBB filing Annual accounts filedPDF
financial year 2020 · micro format · 31 days late
2020
31-12
Financial Weakest financial yearnet €23,255 ▼78.6%
The net result drops to €23,255, the lowest from 2018 to 2025. It recovers the following year.
Show earlier events
30-09
NBB filing Annual accounts filedPDF
financial year 2019 · micro format · 61 days late
2019
30-08
NBB filing Annual accounts filedPDF
financial year 2018 · micro format · 30 days late
2018
29-08
NBB filing Annual accounts filedPDF
financial year 2017 · abbreviated format · 29 days late
2017
31-08
NBB filing Annual accounts filedPDF
financial year 2016 · micro format · 31 days late

Show all 40 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 10 July 1985, IMALVA was incorporated.1 In 2024 the registered office moved to Alken.2 Total assets went from €2.3m in 2018 to €3.9m in 2025 and headcount from 2 to 2.1 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 22-11-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name IMALVA in Dutch
Enterprise number 0427.670.525
Legal form Public limited company
Status Active, normale toestand
Founded 10-07-1985
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 22-11-2024 (in Dutch)
Name clauseThe company operates under this name according to its articles.
IMALVA
deed of 22-11-2024 (in Dutch)

Registered office and establishments

Registered office Hameestraat 37, 3570 Alken, Belgium
Establishments 1 establishment unit since 1985

Activities

NACEBEL 2025
68201 Renting and operating of own or leased residential real estate, excluding social housing main activity
70200 Business and other management consultancy main activity
68203 Renting and operating of own or leased non-residential real estate, excluding land
PurposeThe purpose describes the activities the company may carry out under its articles.
“Onderneming in onroerende goederen, welke onder meer omvat, de verwerving, de vervreemding, het beheer, de borgstelling, de uitbating, de…”
8 activities
  1. Onderneming in onroerende goederen, welke onder meer omvat, de verwerving, de vervreemding, het beheer, de borgstelling, de uitbating, de valorisatie, de verkaveling, de ordening, de huur en verhuur, het doen bouwen en verbouwen, evenals welkdanige onroerende verhandelingen in de meest brede zijn, met inbegrip van de onroerende leasing.
  2. De agentuur bij het afsluiten van verzekeringen, hypotheken, financieringen en projectontwikkeling.
  3. Onderneming voor het beheer van eigen beleggingen en vermogens.
  4. De participatie, onder welke vorm het ook zij, in de oprichting, ontwikkeling, omvorming en controle van alle ondernemingen, Belgische of buitenlandse, commerciële, financiële, industriële of andere, de verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie, inbreng, onderschrijving, koop op vaste lening of aankoopoptie, verhandeling of op iedere andere wijze.
  5. Het verlenen aan de ondernemingen waarin zij deelneemt en aan derden, al dan niet bezoldigd, van alle bijstand hetzij technisch, industrieel, commercieel of administratief, hetzij financieel, met inbegrip van de borgstelling, avalgeving of inpandgeving van onroerende goederen.
  6. Consulting op het gebied van beheer, management en marketing.
  7. Consulting op het gebied van publiciteit, public-relations en diverse manifestaties allerhande.
  8. Consulting op het gebied van reclamevoering, reclamecampagnes, communicatiestrategie en media-voering.

The full purpose is in the deed

deed of 22-11-2024 (in Dutch)

Invoicing and payment

VAT number BE 0427.670.525
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0427670525
Other Peppol ID 9925:BE0427670525
Registered 09-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Saturday of June at 15:00
deed of 22-11-2024 (in Dutch)

Environmental permits

1 application in Flanders since 2024 · 1 granted
Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies
Granted on 24-04-2024submitted 02-02-2024authority: Alkenproject 2023151211

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment approximate The establishment unit on the map
3 companies at this address See who is registered here
1 establishment unit
Ridderstraat 1 C, 3570 Alken
Buying and selling of own real estate
since 1985unit number 2.027.546.755

Buildings and parcels at the addresses

Ground area
3,502 m²
Building footprint
453 m²
Building volume
2,515 m³
2 parcels, Flanders · tallest building 10.5 m.
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
73302F0769/00F000 Flanders 2,898 m² 1 · 299 m² 8.8 m · 2
73302F0387/00D000indicative Flanders 604 m² 1 · 154 m² 10.5 m · 3

We would like to set cookies. That happens only with your consent. What we measure