Summary
ImaVal is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €144,432 and a net result of €62,750. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 8074 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €144,432
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 9 filingsDeviation from the deadline
2025
21 d late
2024
25 d late
2023
34 d early
2022
32 d early
2021
22 d late
2020
32 d early
2019
24 d late
← 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 1 day before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€144,432▲ 76.8%
2024 · €81,683
Net result
€62,750▲ 5.5%
2024 · €59,454
Total assets
€227,873▲ 49.2%
2024 · €152,778
Solvency
63.4%▲ 9.9pp
2024 · 53.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€17,286€42,369€56,599▲ 33.6%€85,347▲ 50.8%€89,371▲ 4.7%
Net result-€8,015below the sector's middle half€44,202within the sector's middle half€48,405within the sector's middle half▲ 9.5%€59,454within the sector's middle half▲ 22.8%€62,750within the sector's middle half▲ 5.5%
Equity€258,668within the sector's middle half▼ 3.0%€256,419within the sector's middle half▼ 0.9%€22,229below the sector's middle half▼ 91.3%€81,683within the sector's middle half▲ 267%€144,432within the sector's middle half▲ 76.8%
Total assets€315,983within the sector's middle half▲ 5.2%€398,362within the sector's middle half▲ 26.1%€216,713within the sector's middle half▼ 45.6%€152,778within the sector's middle half▼ 29.5%€227,873within the sector's middle half▲ 49.2%
Debt€57,315▲ 70.7%€141,942▲ 148%€194,484▲ 37.0%€71,095▼ 63.4%€83,441▲ 17.4%
Working capital€232,944▼ 3.9%€219,890▼ 5.6%€6,577▼ 97.0%€60,149▲ 815%€106,493▲ 77.0%
Solvency81.9%above the sector's middle half▼ 7.0pp64.4%within the sector's middle half▼ 17.5pp10.3%below the sector's middle half▼ 54.1pp53.5%within the sector's middle half▲ 43.2pp63.4%within the sector's middle half▲ 9.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €227,873
Fixed assets
€63,767 ▲ 102%
Current assets
€164,106 ▲ 35.3%
Equity and liabilities €227,873
Equity
€144,432 ▲ 76.8%
Debt
€83,441 ▲ 17.4%
Debt's share of the balance-sheet total falls from 46.5% to 36.6%. Equity and debt are higher.
Key figures and ratios
ROE
43.4%▼
2024 · 72.8%
ROA
27.5%▼
2024 · 38.9%
Debt ≤ 1 year
€57,613▼
2024 · €61,115
Debt > 1 year
€25,827▲
2024 · €9,248
Income taxes
€28,607▼
2024 · €31,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,046 | €14,338 | €4,985 | €4,985 | €951 | ▼ 80.9% |
| Other operating charges640/8 | €1,431 | €1,367 | €0 | €1,437 | €1,389 | ▼ 3.4% |
| Non-recurring operating charges66A | €14,667 | €0 | €11,509 | €0 | - | - |
| Gross operating margin9900 | €3,858 | €58,075 | €73,093 | €91,769 | €91,710 | ▼ 0.1% |
| Operating profit (loss)9901 | -€17,286 | €42,369 | €56,599 | €85,347 | €89,371 | ▲ 4.7% |
| Financial income75/76B | €12,817 | €19,482 | €11,747 | €7,611 | €6,597 | ▼ 13.3% |
| Recurring financial income75 | €12,817 | €19,482 | €11,747 | €7,611 | €6,597 | ▼ 13.3% |
| Financial charges65/66B | €1,177 | €2,466 | €4,601 | €1,523 | €4,611 | ▲ 203% |
| Recurring financial charges65 | €1,177 | €2,466 | €4,601 | €1,523 | €4,611 | ▲ 203% |
| Profit (loss) for the period before taxes9903 | -€5,646 | €59,385 | €63,744 | €91,435 | €91,356 | ▼ 0.1% |
| Income taxes67/77 | €2,370 | €15,183 | €15,339 | €31,981 | €28,607 | ▼ 10.6% |
| Profit (loss) for the period9904 | -€8,015 | €44,202 | €48,405 | €59,454 | €62,750 | ▲ 5.5% |
| Profit (loss) for the period to be appropriated9905 | -€8,015 | €44,202 | €48,405 | €59,454 | €62,750 | ▲ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €315,983 | €398,362 | €216,713 | €152,778 | €227,873 | ▲ 49.2% |
| Fixed assets21/28 | €56,131 | €72,993 | €36,499 | €31,514 | €63,767 | ▲ 102% |
| Tangible fixed assets22/27 | €56,131 | €41,793 | €5,299 | €314 | €32,567 | ▲ 10,263% |
| Furniture and vehicles24 | €56,131 | €41,793 | €5,299 | €314 | €32,567 | ▲ 10,263% |
| Financial fixed assets28 | - | €31,200 | €31,200 | €31,200 | €31,200 | = |
| Current assets29/58 | €259,852 | €325,369 | €180,214 | €121,264 | €164,106 | ▲ 35.3% |
| Amounts receivable within one year40/41 | €259,668 | €312,072 | €163,462 | €113,708 | €159,632 | ▲ 40.4% |
| Trade receivables40 | €30,984 | €19,980 | €11,911 | €14,090 | €15,794 | ▲ 12.1% |
| Other amounts receivable41 | €228,684 | €292,092 | €151,551 | €99,617 | €143,839 | ▲ 44.4% |
| Cash at bank and in hand54/58 | €184 | €13,297 | €12,748 | €6,564 | €3,855 | ▼ 41.3% |
| Deferred charges and accrued income490/1 | €0 | - | €4,003 | €993 | €619 | ▼ 37.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €315,983 | €398,362 | €216,713 | €152,778 | €227,873 | ▲ 49.2% |
| Equity10/15 | €258,668 | €256,419 | €22,229 | €81,683 | €144,432 | ▲ 76.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €246,684 | €236,419 | €2,229 | €61,683 | €124,432 | ▲ 102% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Distributable reserves133 | €244,684 | €234,419 | €229 | €61,683 | €124,432 | ▲ 102% |
| Profit (loss) carried forward14 | -€8,015 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €57,315 | €141,942 | €194,484 | €71,095 | €83,441 | ▲ 17.4% |
| Amounts payable after more than one year17 | €30,407 | €36,464 | €20,847 | €9,248 | €25,827 | ▲ 179% |
| Financial debts170/4 | €30,407 | €36,464 | €20,847 | €9,248 | €25,827 | ▲ 179% |
| Amounts payable within one year42/48 | €26,908 | €105,479 | €173,637 | €61,115 | €57,613 | ▼ 5.7% |
| Current portion of amounts payable after more than one year42 | €15,056 | €19,741 | €15,616 | €11,599 | €10,783 | ▼ 7.0% |
| Financial debts43 | - | - | €22,466 | €10,000 | €2,000 | ▼ 80.0% |
| Credit institutions430/8 | - | - | €22,466 | €10,000 | €0 | ▼ 100% |
| Other loans439 | - | - | - | - | €2,000 | - |
| Trade debts44 | €6,318 | €9,406 | €16,832 | €10,069 | €24,365 | ▲ 142% |
| Suppliers440/4 | €6,318 | €9,406 | €16,832 | €10,069 | €24,365 | ▲ 142% |
| Taxes, remuneration and social security45 | €5,534 | €32,203 | €28,472 | €29,447 | €20,466 | ▼ 30.5% |
| Taxes450/3 | €5,534 | €29,703 | €28,472 | €29,447 | €20,466 | ▼ 30.5% |
| Remuneration and social security454/9 | - | €2,500 | €0 | - | - | - |
| Other amounts payable47/48 | - | €44,128 | €90,251 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €732 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,015 | €44,202 | €48,405 | €59,454 | €62,750 | ▲ 5.5% |
| + Depreciation and write-downs630 | €5,046 | €14,338 | €4,985 | €4,985 | €951 | ▼ 80.9% |
| Operating cash flow (approximation) | -€2,969 | €58,540 | €53,390 | €64,439 | €63,701 | ▼ 1.1% |
| Investment in fixed assets (approximation) | - | -€31,200 | €31,509 | €0 | -€33,204 | - |
| Change in cash | - | €13,113 | -€549 | -€6,185 | -€2,709 | ▲ 56.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
14-08
State Gazette act
Registered office · Resignations & appointmentsRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office · Resignations & appointments
Registered-office move · Power of attorney3 facts ▸
- General meeting, 01-01-2026
- Registered-office move, Edward Vermeulenstraat 43, 8510 Marke
- Power of attorney, Deseyn & Taelman
2025
31-12
Financial
Equity above €100,000Eq €144,432 ▲76.8%
4 profitable years in a row build equity to €144,432.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €44,202
Net result €44,202 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet -€8,015
Net result drops to -€8,015, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €76,885 ▲24%
Operating result €92,065, net result €76,885, both a record.
31-12
Financial
Liquidity doublescurrent ratio 11.08
Current ratio from 5.22 to 11.08; short-term debt falls from €37,590 to €24,037.
Show earlier events
31-12
Financial
Equity above €200,000Eq €266,684 ▲46.4%
3 profitable years in a row build equity to €266,684.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
31-12
Financial
Equity above €150,000Eq €182,129 ▲61%
2 profitable years in a row build equity to €182,129.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2016
Ground area
2,059 m²
Building footprint
329 m²
Volume, LiDAR
1,550 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ImaVal
since 20162.254.752.627
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0336/00K000 | Flanders | 1,186 m² | 1 · 249 m² | 7.6 m · 1 fl. |
| 34028A0009/00E004 | Flanders | 872 m² | 1 · 80 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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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AXER
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SICM
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SOLUTIONS 4 ALL
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,157 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0659674630
Also
9925:BE0659674630
Registered
04-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.