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IMARCO

Active
Public limited companyfounded 197056 yrs activeGrote Baan 123, 9250 Waasmunster, BelgiumKBO/BCE: BE 0407.184.026

IMARCO has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €745k and a net result of €-7k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 46% of 4472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Checked score

Score 2025
58 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability51▼-14
Solvency61▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.08 in 2024; short-term debt: 58.9% and cash: 0.2% of total assets), and 63.7% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 56 years 0 60 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 filings
Deviation from the deadline
2025
on the day
2024
44 d late
2023
7 d late
2022
16 d late
2021
6 d late
2020
on the day
2019
on the day
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
20-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€745k▼ 0.9%
2024 · €752k
2018: €1.56M 2019: €707k 2020: €681k 2021: €634k 2022: €743k 2023: €743k 2024: €752k
2018 → 2025
Total assets
€2.05M▲ 8.0%
2024 · €1.90M
2018: €2.80M 2019: €2.17M 2020: €2.17M 2021: €1.87M 2022: €2.13M 2023: €2.01M 2024: €1.90M
2018 → 2025
Net result
€-7k
2024 · €39k
2018: €48k 2019: €105k 2020: €108k 2021: €95k 2022: €148k 2023: €113 2024: €39k
2018 → 2025
Working capital
€-1.11M▼ 21.8%
2024 · €-913k
2018: €-419k 2019: €-807k 2020: €-807k 2021: €-996k 2022: €-632k 2023: €-797k 2024: €-913k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€634k-€743k▲ 17.1%€743k=€752k▲ 1.2%€745k▼ 0.9%
Operating result€157k-€207k▲ 31.8%€47k▼ 77.4%€117k▲ 150%€68k▼ 42.3%
Net result€95k-€148k▲ 55.9%€113▼ 99.9%€39k▲ 34,392%€-7k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€-100k€0€100k€200kOperating result 2021: €157k€157kNet result 2021: €95k€95kOperating result 2022: €207k€207kNet result 2022: €148k€148kOperating result 2023: €47k€47kNet result 2023: €113€113Operating result 2024: €117k€117kNet result 2024: €39k€39kOperating result 2025: €68k€68kNet result 2025: €-7k€-7k20212022202320242025
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.05M
Fixed assets €1.95M▲ 7.2%
Current assets €96k▲ 28.1%
Equity and liabilities €2.05M
Equity €745k▼ 0.9%
Provisions €3k▼ 24.2%
Debt €1.30M▲ 13.9%
The debt ratio rises from 60.2% to 63.5%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€276k
2024 · €273k
Cash flow
€202k
2024 · €195k
Solvency
36.3%
2024 · 39.6%
Current ratio
0.08
2024 · 0.08
Quick ratio
0.08
2024 · 0.08
Debt / equity
1.75
2024 · 1.52
ROE
-0.9%
2024 · 5.2%
ROA
-0.3%
2024 · 2.0%
Interest coverage
3.92
2024 · 5.26
Debt
€1.30M
2024 · €1.14M
Debt ≤ 1 year
€1.21M
2024 · €988k
Debt > 1 year
€42k
2024 · €126k
Income taxes
€7k
2024 · €27k
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€1.90M€2.05M
Fixed assets21/28€1.82M€1.95M
Tangible fixed assets22/27€1.82M€1.95M
Land and buildings22€267k€349k
Plant, machinery and equipment23€303€0
Furniture and vehicles24€54k€36k
Other tangible fixed assets26€1.50M€1.57M
Financial fixed assets28€50€50=
Current assets29/58€75k€96k
Amounts receivable within one year40/41€42k€57k
Trade receivables40€42k€42k
Other amounts receivable41€143€15k
Cash at bank and in hand54/58€9k€4k
Deferred charges and accrued income490/1€24k€35k
Equity and liabilities
Total equity and liabilities10/49€1.90M€2.05M
Equity10/15€752k€745k
Contributions10/11€105k€105k=
Capital10€105k€105k=
Issued capital100€105k€105k=
Reserves13€647k€640k
Non-distributable reserves130/1€79k€79k=
Legal reserve130€79k€79k=
Tax-exempt reserves132€124k€103k
Distributable reserves133€444k€459k
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€4k€3k
Deferred taxes168€4k€3k
Amounts payable17/49€1.14M€1.30M
Amounts payable after more than one year17€126k€42k
Financial debts170/4€125k€41k
Other amounts payable178/9€1k€1k=
Amounts payable within one year42/48€988k€1.21M
Current portion of amounts payable after more than one year42€84k€95k
Trade debts44€115k€34k
Suppliers440/4€115k€34k
Advances received on contracts in progress46€9k€4k
Taxes, remuneration and social security45€32k€21k
Taxes450/3€32k€21k
Other amounts payable47/48€749k€1.05M
Accrued charges and deferred income492/3€28k€51k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156k€209k
Other operating charges640/8€44k€36k
Gross operating margin9900€318k€312k
Operating profit (loss)9901€117k€68k
Financial income75/76B€172€2k
Recurring financial income75€172€2k
Financial charges65/66B€52k€70k
Recurring financial charges65€52k€70k
Profit (loss) for the period before taxes9903€65k€-993
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€27k€7k
Profit (loss) for the period9904€39k€-7k
Transfer from tax-exempt reserves789€31k€22k
Profit (loss) for the period to be appropriated9905€69k€15k
Appropriation of the result
Profit (loss) to be appropriated9906€69k€15k
Transfer from equity791/2€30k€0
Transfer to equity691/2€69k€15k
To other reserves6921€69k€15k
Profit to be distributed694/7€30k€0
Return on contributions (dividend)694€30k€0

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
30-04
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial Weakest financial yearnet €-7k ▼117%
Net result drops to €-7k, the lowest in the series.
13-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 44 days late
2024
07-05
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
16-05
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
30-09
Financial Highest result since 2018net €148k ▲55.9%
Operating result €207k, net result €148k, both a record.
06-05
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 6 days late
2021
30-04
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-05
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
22-05
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waasmunster · 1 establishment unit since 2001
establishment The establishment unit on the map
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.

Grote Baan 1239250 Waasmunster
Ground area
968 m²
Building footprint
1,485 m²
Volume, LiDAR
10,548 m³
Parcel 42023A0491/00V000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMARCO
Grote Baan 123, 9250 WaasmunsterManufacture of machinery and equipment not elsewhere classified
since 20012.004.594.575
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42023A0491/00V000 Flanders 968 m² 1 · 1,485 m² 10.1 m · 2 fl.
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

Of 1,280 companies in sector 81100 we hold annual accounts for 677. 445 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPublic limited company
Founded27-06-1970
Fiscal year end30-09
Activities, NACEBEL
70321
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.