IMCP
ActiveSummary
IMCP has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€40,228) and a net result of -€41,234. Equity is shrinking by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-24
Solvency19▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.41 against 0.49 in 2024; short-term debt: 6.9% and cash: 8.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-6%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€40,228
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
4 d early
2022
53 d early
2021
30 d late
2020
1 d early
2019
102 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 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€40,228
2024 · €1,006
Total assets
€672,455▲ 169%
2024 · €250,157
Net result
-€41,234
2024 · €526
Working capital
€18,689
2024 · -€19,516
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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-€10,847▼ 28.7%-€962▲ 91.1%-€6,931▼ 620%€10,315-€20,253
Net result-€12,199below the sector's middle half▼ 36.1%-€1,707within the sector's middle half▲ 86.0%-€10,351below the sector's middle half▼ 507%€526within the sector's middle half-€41,234below the sector's middle half
Equity€12,537below the sector's middle half▼ 49.3%€10,830below the sector's middle half▼ 13.6%€479below the sector's middle half▼ 95.6%€1,006below the sector's middle half▲ 110%-€40,228below the sector's middle half
Total assets€21,687below the sector's middle half▼ 48.6%€20,023below the sector's middle half▼ 7.7%€251,630within the sector's middle half▲ 1,157%€250,157within the sector's middle half▼ 0.6%€672,455within the sector's middle half▲ 169%
Debt€9,150▼ 47.7%€9,192▲ 0.5%€251,151▲ 2,632%€249,152▼ 0.8%€712,683▲ 186%
Working capital€12,554▼ 49.3%€10,890▼ 13.3%-€25,355-€19,516▲ 23.0%€18,689
Solvency57.8%within the sector's middle half▼ 0.8pp54.1%within the sector's middle half▼ 3.7pp0.2%below the sector's middle half▼ 53.9pp0.4%below the sector's middle half▲ 0.2pp-6.0%below the sector's middle half▼ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20,253 after €10,315 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €672,455
Fixed assets
€607,631 ▲ 163%
Current assets
€64,824 ▲ 241%
Key figures and ratios
EBITDA
€8,200▼
2024 · €22,586
Cash flow
-€12,781▼
2024 · €12,798
Current ratio
1.41▲
2024 · 0.49
Debt to equity
-17.72
ROA
-6.1%▼
2024 · 0.2%
Interest coverage
0.39▼
2024 · 2.31
Debt ≤ 1 year
€46,136▲
2024 · €38,549
Debt > 1 year
€665,850▲
2024 · €209,661
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.6%
went bankrupt
3.8%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,242 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €3,833 | €12,272 | €28,453 | ▲ 132% |
| Other operating charges640/8 | €449 | €450 | €823 | €1,483 | €2,883 | ▲ 94.4% |
| Gross operating margin9900 | -€10,399 | -€513 | -€2,276 | €24,069 | €11,084 | ▼ 54.0% |
| Operating profit (loss)9901 | -€10,847 | -€962 | -€6,931 | €10,315 | -€20,253 | ▼ 296% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €1,352 | €744 | €3,420 | €9,789 | €20,981 | ▲ 114% |
| Recurring financial charges65 | €1,352 | €744 | €3,420 | €9,789 | €20,981 | ▲ 114% |
| Profit (loss) for the period before taxes9903 | -€12,199 | -€1,707 | -€10,351 | €526 | -€41,234 | ▼ 7,938% |
| Profit (loss) for the period9904 | -€12,199 | -€1,707 | -€10,351 | €526 | -€41,234 | ▼ 7,938% |
| Profit (loss) for the period to be appropriated9905 | -€12,199 | -€1,707 | -€10,351 | €526 | -€41,234 | ▼ 7,938% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,687 | €20,023 | €251,630 | €250,157 | €672,455 | ▲ 169% |
| Fixed assets21/28 | - | - | €243,397 | €231,125 | €607,631 | ▲ 163% |
| Tangible fixed assets22/27 | - | - | €243,397 | €231,125 | €607,631 | ▲ 163% |
| Land and buildings22 | - | - | €243,397 | €231,125 | €607,631 | ▲ 163% |
| Current assets29/58 | €21,687 | €20,023 | €8,233 | €19,032 | €64,824 | ▲ 241% |
| Amounts receivable within one year40/41 | €180 | €180 | €4,180 | €8,945 | €5,445 | ▼ 39.1% |
| Trade receivables40 | €180 | €180 | €4,180 | €8,945 | €5,445 | ▼ 39.1% |
| Cash at bank and in hand54/58 | €21,507 | €19,843 | €4,029 | €7,382 | €55,029 | ▲ 645% |
| Deferred charges and accrued income490/1 | - | - | €25 | €2,705 | €4,350 | ▲ 60.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,687 | €20,023 | €251,630 | €250,157 | €672,455 | ▲ 169% |
| Equity10/15 | €12,537 | €10,830 | €479 | €1,006 | -€40,228 | ▼ 4,101% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€6,013 | -€7,720 | -€18,071 | -€17,544 | -€58,778 | ▼ 235% |
| Amounts payable17/49 | €9,150 | €9,192 | €251,151 | €249,152 | €712,683 | ▲ 186% |
| Amounts payable after more than one year17 | - | - | €217,563 | €209,661 | €665,850 | ▲ 218% |
| Financial debts170/4 | - | - | €217,563 | €209,661 | €555,850 | ▲ 165% |
| Other amounts payable178/9 | - | - | - | - | €110,000 | - |
| Amounts payable within one year42/48 | €9,132 | €9,132 | €33,588 | €38,549 | €46,136 | ▲ 19.7% |
| Current portion of amounts payable after more than one year42 | - | - | €7,588 | €7,902 | €14,811 | ▲ 87.4% |
| Trade debts44 | - | - | €409 | €2,198 | €6,558 | ▲ 198% |
| Suppliers440/4 | - | - | €409 | €2,198 | €6,558 | ▲ 198% |
| Taxes, remuneration and social security45 | - | - | - | €2,688 | €735 | ▼ 72.6% |
| Taxes450/3 | - | - | - | €2,688 | €735 | ▼ 72.6% |
| Other amounts payable47/48 | €9,132 | €9,132 | €25,591 | €25,760 | €24,032 | ▼ 6.7% |
| Accrued charges and deferred income492/3 | €17 | €60 | - | €943 | €698 | ▼ 26.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,199 | -€1,707 | -€10,351 | €526 | -€41,234 | ▼ 7,938% |
| + Depreciation and write-downs630 | - | - | €3,833 | €12,272 | €28,453 | ▲ 132% |
| Operating cash flow (approximation) | -€12,199 | -€1,707 | -€6,518 | €12,798 | -€12,781 | ▼ 200% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€404,958 | - |
| Change in cash | - | -€1,664 | -€15,814 | €3,354 | €47,647 | ▲ 1,321% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€41,234
Net result drops to -€41,234, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.41
Current ratio from 0.49 to 1.41.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €526
Net result €526 after 4 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
31-12
Financial
Highest result since 2018net €293,209 ▲19,269%
Operating result €362,439, net result €293,209, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.33
Current ratio from 0.36 to 1.33.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 126 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2005
Ground area
405 m²
Building footprint
125 m²
Volume, LiDAR
1,111 m³
Parcel 11303B0425/00A013, Flanders · tallest building 16.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IMCP
since 20052.145.571.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303B0425/00A013 | Flanders | 405 m² | 1 · 125 m² | 16.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 358 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)
Founded31-12-2004
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0870930336
Also
9925:BE0870930336
Registered
20-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.