Checked.be
Active
BE 0810.878.428Private limited company (pre-2019)
IMCOSA
Brouwerijstraat 22 ·3118 Rotselaar, Belgium· 17 yrs active
Sector: Activities of head offices
(70100)
Conclusion
IMCOSA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €142k and a net result of €19k. Equity is growing by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 57% of 30893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €142k |
| Net result | €19k |
| Better than sector | 57% |
| Active | 17 yrs |
Financial profile
82
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
67
Solvency
99
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€13k
estimate, not credit advice
Score history
58
2022
81
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.24 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.24 (≥ 1.0)
+5
Leverage
Debt/equity 0.59 (< 1.0)
+10
Profitability
ROE 13% (≥ 10%)
+10
Interest coverage
Interest coverage 5.5× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~30.6%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 62.9% | 55.9% | |
| Net result | €19k | €27k | |
| Equity | €142k | €83k | |
| Gross operating margin | €34k | €54k | |
| Total assets | €225k | €186k |
€33k
-52.6%
22-25
€19k
-57.5%
22-25
€20k
-56.7%
22-25
€225k
+6.1%
22-25
€142k
+15.5%
22-25
€54k
+30.9%
22-25
€10k
-50.7%
22-25
€83k
-6.8%
22-25
€44k
+1.4%
22-25
€40k
-14.5%
22-25
2.24
+14.3%
22-25
2.24
+14.3%
22-25
62.9%
+8.9%
22-25
0.59
-19.3%
22-25
13.4%
-63.2%
22-25
8.4%
-60.0%
22-25
5.53
-59.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €33k | €69k | - | €30k |
| Net profit | €19k | €45k | €25k | €22k |
| Cash flow | €20k | €45k | - | €23k |
| Staff costs | - | - | - | - |
| Income taxes | €10k | €20k | €11k | €4k |
| Dividends | - | - | - | - |
| Total assets | €225k | €212k | €170k | €161k |
| Equity | €142k | €123k | €78k | €53k |
| Debt | €83k | €90k | €92k | €109k |
| of which ≤ 1y | €44k | €43k | €40k | €50k |
| of which > 1y | €40k | €46k | €53k | €59k |
| Working capital | €54k | €41k | €5k | €-14k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.24 | 1.96 | 1.13 | 0.72 |
| Quick ratio | 2.24 | 1.96 | 1.13 | 0.72 |
| Working capital ratio | 24.1% | 19.5% | 3.1% | -8.5% |
| Solvency | 62.9% | 57.8% | 45.8% | 32.7% |
| Debt / equity | 0.59 | 0.73 | 1.19 | 2.06 |
| Long-term debt ratio | 0.28 | 0.38 | 0.68 | 1.11 |
| Interest coverage | 5.53 | 13.51 | - | 9.48 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 8.4% | 21.1% | 14.8% | 13.9% |
| ROE | 13.4% | 36.4% | 32.4% | 42.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €225k | €212k | €170k | €161k |
| Fixed assets | 21/28 | €127k | €127k | €125k | €125k |
| Tangible fixed assets | 22/27 | €127k | €127k | €125k | €125k |
| Current assets | 29/58 | €98k | €85k | €45k | €36k |
| Amounts receivable within one year | 40/41 | €96k | €79k | €25k | €21k |
| Cash & bank | 54/58 | €2k | €5k | €20k | €15k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €225k | €212k | €170k | €161k |
| Equity | 10/15 | €142k | €123k | €78k | €53k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €123k | €104k | €57k | €31k |
| Accumulated profits (losses) | 14 | - | - | €3k | €3k |
| Amounts payable | 17/49 | €83k | €90k | €92k | €109k |
| Amounts payable after one year | 17 | €40k | €46k | €53k | €59k |
| Amounts payable within one year | 42/48 | €44k | €43k | €40k | €50k |
| Trade debts payable within one year | 44 | €11k | €814 | €10k | €1k |
| Income statement | |||||
| Gross operating margin | 9900 | €34k | €71k | €41k | €33k |
| Operating result | 9901 | €32k | €69k | €40k | €30k |
| Financial income | 75 | €2k | €1k | €49 | €1 |
| Financial charges | 65 | €6k | €5k | €3k | €3k |
| Result before taxes | 9903 | €29k | €65k | €36k | €27k |
| Income taxes | 67/77 | €10k | €20k | €11k | €4k |
| Net result for the period | 9904 | €19k | €45k | €25k | €22k |
| Result to be appropriated | 9905 | €19k | €45k | €25k | €22k |
Legal Structure
| NACE primary | Activities of head offices(70100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 30-03-2009 |
| Status | Active |
| Postal code | 3118 |
Establishment units
Brouwerijstraat 22B, 3118 Rotselaar
since 20092.178.476.775
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24121E0314/00P000 | Flanders | 1,151 m² | 1 · 131 m² | 5.3 m · 1 fl. |
| 24121E0314/00V000 | Flanders | 947 m² | 1 · 106 m² | 8.2 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €19k ▼57.5%
Net result drops to €19k, the lowest in the series.
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
30-06
Financial
Highest result since 2022net €45k ▲77%
Operating result €69k, net result €45k, both a record.
30-06
Financial
Equity above €100kEq €123k ▲57.3%
3 profitable years in a row build equity to €123k.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Activities
Activities of head offices70100Real estate agency activities68310Real estate activities68311
Names & trade names
| Legal nameNL | IMCOSA |
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