Equity
€744,850 from €1.8m in 2008
Equity fell by 58% in 17 years.
IMARCO
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977peak €493,925 (2022)
€312,108▼ 1.8%
lowest -€44,832 (2018)
-€6,726▼ €45,533
peak €1.8m (2008)
€744,850▼ 0.9%
€1.3m▲ 13.9%
peak 0 FTE (2017)
-not published
Board5 names since 2014
2 directorsAnn Imschoot and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Loss of €6,726Cash from €9,120 to €4,173
Key points
from the 2025 annual accountsFilings
48 annual accounts since 1977
Six of the last ten came late. The 2024 accounts came latest: 44 days after the end of the period.
Position in the sector
-€6,726
Lower net result than 86% of companies in building services and landscaping. Sector median €9,328 · 5,720 companies.
Checked score
79
Excellent
Financially stronger than 27% of small companies in building services and landscaping (NACE 81)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 482 companies (NACE 81, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▲ +0.2 percentage points vs 04-2025
06-2025: 0.7%▲ +0.2 percentage points vs 05-2025
07-2025: 0.6%▼ -0.1 percentage points vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.7%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%▲ +0.3 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -0.5 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.08, cash €4,173, halved
Sector: Services to buildings and landscape activities (NACE 81)
1 of the last 3 accounts late
lowers risk
Size: total assets €2.0m
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 81, small). It does better than 45% of them on solvency, 10% on liquidity, 26% on profitability and 27% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as IMARCO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMARCO itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 8,617 companies, not a prediction for IMARCO. 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.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.08 (0.08 in 2024), below 1. Short-term debt is 58.9% and cash 0.2% of total assets. 63.7% of the assets are financed with debt and provisions.
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 riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
44 days late
2023
7 days late
2022
16 days late
2021
6 days late
2020
on the day
2019
on the day
← 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 10 days after the deadline. In the sector (NACE 81), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 8 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Recent changes
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Provincie Oost-Vlaanderen
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0407184026
Appointments: Ann Imschoot (managing director) and Marc Imschoot (director)
“new purpose as defined in units U8-U18” (deed in Dutch) · General meeting of 13-08-2024 · Gazette deed
Environmental permit granted
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning), Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Lokeren
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMARCO Waasmunster | €2.0m | €312,108 | 36.3% | - |
| JEAN ALAN INVEST Aalst | €2.7m | €353,953 | 51.0% | - |
| IMMODES Wevelgem | €3.4m | €234,548 | 76.6% | 0 |
| JOHN SAEY Merelbeke-Melle | €0.9m | €291,329 | 73.5% | 2 |
| Belimmo Uccle | €3.6m | €376,886 | 96.4% | - |
| ADAL Woluwe-Saint-Lambert | €0.9m | €257,065 | 41.2% | - |
| DIMVAN Kortrijk | €1.0m | €286,493 | 82.5% | - |
These companies have the same main activity as IMARCO: combined facilities support activities (NACE 81100). They are comparable in size and age: total assets between €891,000 and €3.6m, founded between 1968 and 1981.
Official details
Source: KBO- Status
- Active since 27-06-1970Normal situation
- Activity
- Combined facilities support activitiesNACE 81100
- Establishment unit
- 2.004.594.5759250 Waasmunster, since 09-01-2001
- Financial year end
- 30 September
- Peppol
- Reachable since 11-10-2025
Annual accounts to 30-09-2025
- ≈ €610,000estimated
- €2.0m▲ 8.0%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on IMARCO
IMARCO files the micro format. That format states no turnover. The gross margin rose from €262,845 in 2007 to €312,108 in 2025.
In June 2023, the Official Gazette published the appointment of Ann Imschoot as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMARCO
- What is the company number of IMARCO?
- The company number of IMARCO is 0407.184.026. The VAT number is the same number with BE in front: BE 0407.184.026.
- Where is IMARCO based?
- The registered office is at Grote Baan 123, 9250 Waasmunster.Company details
- What does IMARCO do?
- According to the KBO register, the main activity is combined facilities support activities (NACE 81100).
- What is the legal form of IMARCO?
- IMARCO is a public limited company (NV).
- When was IMARCO founded?
- IMARCO was founded on 27-06-1970.
- Is IMARCO still active?
- Yes, IMARCO is an active enterprise in the KBO register.
- What is the turnover of IMARCO?
- The turnover in financial year 2025 is ≈ €610,000. This figure is estimated from the gross margin of €312,108 and 51 comparable companies (NACE 81). It probably lies between €420,000 and €930,000.Financials
- Is IMARCO profitable?
- In financial year 2025, IMARCO made a loss of €6,726.
- Where can I find the annual accounts of IMARCO?
- IMARCO filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMARCO due?
- IMARCO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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