Equity
-€40,460
Debts exceed assets in financial year 2025.
Imcodan
Lifetime
18 annual accounts with figures on one time axis, 43 filings since 1977peak of €453,948 in 2019
€25,723▼ 40.2%
lowest -€167,282 in 2021
-€72,874▼ €35,354
peak of €537,843 in 2019
-€40,460▼ €72,874
€2.5m▼ 3.3%
Board5 names since 2015
2 directors and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €43,046 to €25,723Loss of €72,874Equity from €32,414 to -€40,460Cash from €174,191 to €45,715
Key points
from the 2025 annual accountsLosses
-€578,303 in six years
Every financial year from 2020 to 2025 closed with a loss. 2021 was the heaviest.
Debts
€2.5m 102% of the balance sheet
Financial debts 54%Suppliers 0%Other 46%
Of this, €1.0m falls due within a year.
2025 accounts filed 31 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,241 companies had the same profile as Imcodan has now. Each dot stands for 4 companies, two years later.
92.7%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,241 companies, not a prediction for Imcodan. 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
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Signals
Board and ownership
Director, since 01-01-2023
Director, since 30-03-2023
- 3,440 sharesdeed of 21-04-2023
- 10 sharesdeed of 21-04-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0405571153
Registered office moved from Comines-Warneton to Houthem
The registered office moved from Rue de Dadizele 18, 7780 Comines-Warneton to Chemin du Petit Cornet 2, 7781 Houthem · Gazette deed
2 directors appointed, 3 resignations
Resignations: , and · Appointments: and · holds 3,440 shares · General meeting of 30-03-2023 · Gazette deed
New additional director
appointed, resigned · General meeting of 01-01-2023 · Gazette deed
Official details
Source: KBO- Status
- Active since 19-03-1968Normal situation
- Activity
- “L'achat, la vente, le lotissement, l'échange, la gestion, la construction, la transformation, la démolition…” (deed in French)From the articles1 activity on the establishment unit
- Establishment unit
- 2.040.031.5467781 Comines-Warneton, registered on 01-04-1968
- Financial year end
- 31 December
- Peppol
- Reachable since 10-04-2025
Insights on Imcodan
Imcodan files the micro format. That format states no turnover. The gross margin rose from -€1,483 in 2008 to €25,723 in 2025.
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 Imcodan
- What is the company number of Imcodan?
- The company number of Imcodan is 0405.571.153. The VAT number is the same number with BE in front: BE 0405.571.153.
- Where is Imcodan based?
- The registered office is at Petit Cornet weg 2, 7781 Comines-Warneton.Company details
- What is the legal form of Imcodan?
- Imcodan is a private limited company (BV).
- When was Imcodan founded?
- Imcodan was founded on 19-03-1968.
- Is Imcodan still active?
- Yes, Imcodan is an active enterprise in the KBO register.
- What is the turnover of Imcodan?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €25,723 and 3,270 comparable companies of the same size. It probably lies between €61,000 and €180,000. It is a rough estimate.Financials
- Is Imcodan profitable?
- In financial year 2025, Imcodan made a loss of €72,874.
- Where can I find the annual accounts of Imcodan?
- Imcodan filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Imcodan due?
- Imcodan must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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