Skip to content

Imcotec

Active
Private limited companyfounded 2024active for 2 yearsBosrand 21, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 1009.911.639
Summary

Imcotec has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,611 and a net result of €53,111. Its solvency ranks better than 47% of 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Overview

Activity
General electrical installation work
NACE 43211Plumbing work NACE 43221
1 site
Size
≈ €360,000turnover 2025, estimated
Staff
0.9 FTE
Equity
€56,611
Profit
€53,111
Turnover estimated from the gross margin
Financial health
68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.0%
Structure
2025 accounts 22 days early
Why 68raises riskFounded in 2024Size: total assets €127,532lowers riskLiquidity: current ratio 2.91, cash €23,693Equity €56,611 (44.4% of total assets)Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 68% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency 69
equity 44.4% of total assets
Liquidity 66
short-term debt 21.8% · cash 18.6%
Profitability 100
return on assets 41.6%
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,663 companies, NACE 43, micro)
Last 24 months 06-2025: 1.9% 07-2025: 1.9%● unchanged vs 06-2025 08-2025: 1.9%● unchanged vs 07-2025 09-2025: 2.3%▲ +0.4 percentage points vs 08-2025 10-2025: 2.4%▲ +0.1 percentage points vs 09-2025 11-2025: 2.7%▲ +0.3 percentage points vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 3.0%▲ +0.3 percentage points vs 12-2025 02-2026: 3.0%● unchanged vs 01-2026 03-2026: 2.9%▼ -0.1 percentage points vs 02-2026 04-2026: 3.0%▲ +0.1 percentage points vs 03-2026 05-2026: 3.3%▲ +0.3 percentage points vs 04-2026 06-2026: 3.3%● unchanged vs 05-2026highest value 07-2026: 3.3%● unchanged vs 06-2026highest value 08-2026: 3.3%● unchanged vs 07-2026highest value 09-2026: 3.3%● unchanged vs 08-2026highest value 10-2026: 1.0%▼ -2.3 percentage points vs 09-2026lowest value
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity ample (current ratio 2.91, above the usual 1.5; short-term debt: 21.8% and cash: 18.6% of total assets), but 55.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 48% on solvency, 64% on liquidity and 92% on profitability.

The bankruptcy probability was computed on 29-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: total assets €127,532
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 2.91, cash €23,693
NBB · annual accounts
lowers risk · Equity €56,611 (44.4% of total assets)
NBB · annual accounts
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 08-04-2026, 22 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
22 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: IMPENS Bruno Albert Palmyre…

Financials · financial year 2025, micro format

Turnover
≈ €360,000
Estimated: probably between €250,000 and €460,000
Total assets
€127,532
Net result
€53,111
Working capital
€53,255

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €127,532
Fixed assets €46,456
Current assets €81,076
Equity and liabilities €127,532
Equity €56,611
Debt €70,921
Debt finances 55.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€78,172
Cash flow
€58,986
Current ratio
2.91
Debt to equity
1.25
ROE
93.8%
ROA
41.6%
Interest coverage
over 100
Debt ≤ 1 year
€27,821
Debt > 1 year
€43,100
Income taxes
€19,026
Staff costs
€46,603

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% still going

For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 40 lines
Balance sheet Code2025
Assets
Total assets20/58€127,532
Fixed assets21/28€46,456
Tangible fixed assets22/27€46,456
Furniture and vehicles24€46,456
Current assets29/58€81,076
Amounts receivable within one year40/41€56,836
Trade receivables40€52,273
Other amounts receivable41€4,563
Cash at bank and in hand54/58€23,693
Deferred charges and accrued income490/1€547
Equity and liabilities
Total equity and liabilities10/49€127,532
Equity10/15€56,611
Contributions10/11€3,500
Reserves13€53,111
Distributable reserves133€53,111
Amounts payable17/49€70,921
Amounts payable after more than one year17€43,100
Other amounts payable178/9€43,100
Amounts payable within one year42/48€27,821
Trade debts44€7,492
Suppliers440/4€7,492
Taxes, remuneration and social security45€20,329
Taxes450/3€19,026
Remuneration and social security454/9€1,303
Income statement Code2025
Remuneration, social security and pensions62€46,603
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,876
Other operating charges640/8€853
Gross operating margin9900€125,628
Operating profit (loss)9901€72,297
Financial income75/76B€405
Recurring financial income75€405
Financial charges65/66B€564
Recurring financial charges65€564
Profit (loss) for the period before taxes9903€72,137
Income taxes67/77€19,026
Profit (loss) for the period9904€53,111
Profit (loss) for the period to be appropriated9905€53,111
Appropriation of the result
Profit (loss) to be appropriated9906€53,111
Transfer to equity691/2€53,111
To other reserves6921€53,111

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€46,603
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,876
Other operating charges640/8€853
Gross operating margin9900€125,628
Operating profit (loss)9901€72,297
Financial income75/76B€405
Recurring financial income75€405
Financial charges65/66B€564
Recurring financial charges65€564
Profit (loss) for the period before taxes9903€72,137
Income taxes67/77€19,026
Profit (loss) for the period9904€53,111
Profit (loss) for the period to be appropriated9905€53,111
Line2025
Assets
Total assets20/58€127,532
Fixed assets21/28€46,456
Tangible fixed assets22/27€46,456
Furniture and vehicles24€46,456
Current assets29/58€81,076
Amounts receivable within one year40/41€56,836
Trade receivables40€52,273
Other amounts receivable41€4,563
Cash at bank and in hand54/58€23,693
Deferred charges and accrued income490/1€547
Equity and liabilities
Total equity and liabilities10/49€127,532
Equity10/15€56,611
Contributions10/11€3,500
Reserves13€53,111
Distributable reserves133€53,111
Amounts payable17/49€70,921
Amounts payable after more than one year17€43,100
Other amounts payable178/9€43,100
Amounts payable within one year42/48€27,821
Trade debts44€7,492
Suppliers440/4€7,492
Taxes, remuneration and social security45€20,329
Taxes450/3€19,026
Remuneration and social security454/9€1,303
Line2025
Profit (loss) for the period9904€53,111
+ Depreciation and write-downs630€5,876
Operating cash flow (approximation)€58,986

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
30-09-2025 micro format 08-04-2026 2026-00074352

Similar companies · same sector, comparable size

Of the 22,639 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,550. 8,821 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
IMPENS Bruno Albert Palmyre
Director (not named in the articles) · since 04-06-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
IMPENS Bruno Albert Palmyre
  • Director (not named in the articles), from 04-06-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 04-06-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 04-06-2024 Incorporation · €3,500 · 350 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

Imcotec was incorporated on 31 May 2024 as a private limited company by one natural person, with a starting capital of €3,500.12 Since 2024, IMPENS Bruno Albert Palmyre has served as director of the company.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 04-06-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
08-04
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
04-06
Gazette deed Incorporation
Appointment: IMPENS Bruno Albert Palmyre (director) · Founder · Founding capital10 facts ▸
  • Incorporation, 31-05-2024
  • Founder, IMPENS Bruno Albert Palmyre
  • Founding capital, €3,500
  • Bank account, “vennootschap in oprichting, deponering stortingen aanvangsvermogen” (deed in Dutch)
  • Other provision, “volstorting verklaring”, 3500 (deed in Dutch)
  • Other provision, “bevestiging deponering overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
  • Board rule, 1
  • Director appointment, IMPENS Bruno Albert Palmyre (director (not named in the articles))
  • Other provision, “geen strafrechtelijk of burgerrechtelijk verbod om onderneming uit te baten of functie van bestuurder,commissaris of zaakvoerder uit te oefenen,persoonlijk of v…” (deed in Dutch)
  • Registered office clause, “Bosrand 21,3550 Heusden-Zolder” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded31-05-2024
Financial year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
41001General construction of residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail info@imcotec.be
Phone +32474268450
E-invoicing
Reachable via Peppol
Peppol ID 0208:1009911639
Also 9925:BE1009911639
Registered 27-06-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1009.911.639

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
1,533 m²
Building footprint
86 m²
Building volume
495 m³
Parcel 71502C0094/00P006, Flanders · tallest building 6.3 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Imcotec
Bosrand 21, 3550 Heusden-ZolderGeneral electrical installation work
since 2024unit no. 2.360.447.983
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
71502C0094/00P006 Flanders 1,533 m² 1 · 86 m² 6.3 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Aan- en verkoop van onroerende goederen; Huren en verhuren van onroerende goederen; Alle soorten werken in onroerende staat; Consultancy…” (deed in Dutch)
14 activities (deed in Dutch)
  1. Aan- en verkoop van onroerende goederen;
  2. Huren en verhuren van onroerende goederen;
  3. Alle soorten werken in onroerende staat;
  4. Consultancy diensten;
  5. Management diensten;
  6. Coaching & training diensten;
  7. Ontwikkelen,aan- en verkopen,commercialiseren van producten en diensten;
  8. Groot- en detailhandel(fysiek of online);
  9. Het waarborgen van verbintenissen en borg stellen door goederen in pand of hypotheek te geven;
  10. Aan- en verkoop en(ver)huring van handelsfondsen;
  11. Alle soorten werken van onroerende staat;
  12. Het nemen van participaties;
  13. Uitoefenen van bestuursfuncties in andere vennootschappen;
  14. Geven en nemen van leningen;

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
IMCOTEC
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 04-06-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)
“Wet of statuten aan algemene vergadering voorbehouden, geheel van bevoegdheden toegekend met delegatiemogelijkheid” (deed in Dutch)

deed of 04-06-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“Jaarvergadering Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, op de dertigste van de maand maart…” (deed in Dutch)

deed of 04-06-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 04-06-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Bestemming winst-reserves-interimdividenden, algemene vergadering” (deed in Dutch)
Liquidation distribution: “Verdeling netto-actief, goederen in natura zelfde wijze verdeeld” (deed in Dutch)
1 more provision in the deed, see the deed of 04-06-2024

deed of 04-06-2024