IMELCO
ActiveSummary
IMELCO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,045 and a net result of €5,049. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 5071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability19▲+1
Solvency32▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.11 in 2024; short-term debt: 81.8% and cash: 87% of total assets), and 92.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.3%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 5071 sector peers (2025).
NBB · sector comparisonPosition among 5071 sector peers
Solvency
better than 11%
← weakest
strongest →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
44 d early
2023
35 d early
2022
18 d early
2021
68 d early
2020
22 d early
2019
31 d early
← 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 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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. Usually files around 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€5,049
2024 · -€9,063
Working capital
€319,235▲ 128%
2024 · €140,015
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,833▲ 35.0%-€30,483-€36,346▼ 19.2%-€121,909▼ 235%-€40,250▲ 67.0%
Net result€5,544below the sector's middle half▼ 33.4%-€41,958below the sector's middle half€2,043below the sector's middle half-€9,063below the sector's middle half€5,049within the sector's middle half
Equity€172,573below the sector's middle half▲ 3.3%€130,615below the sector's middle half▼ 24.3%€132,658below the sector's middle half▲ 1.6%€123,596below the sector's middle half▼ 6.8%€141,045below the sector's middle half▲ 14.1%
Total assets€620,725below the sector's middle half▲ 3.4%€1.6mwithin the sector's middle half▲ 164%€1.2mwithin the sector's middle half▼ 24.4%€1.5mwithin the sector's middle half▲ 21.7%€1.9mwithin the sector's middle half▲ 28.6%
Debt€448,152▲ 3.4%€1.5m▲ 236%€1.1m▼ 26.7%€1.4m▲ 25.1%€1.8m▲ 29.9%
Working capital€300,853within the sector's middle half▲ 115%€102,740within the sector's middle half▼ 65.9%€104,216within the sector's middle half▲ 1.4%€140,015within the sector's middle half▲ 34.4%€319,235within the sector's middle half▲ 128%
Solvency27.8%within the sector's middle half=8.0%below the sector's middle half▼ 19.8pp10.7%below the sector's middle half▲ 2.7pp8.2%below the sector's middle half▼ 2.5pp7.3%below the sector's middle half▼ 0.9pp
Current ratio2.03within the sector's middle half▲ 0.701.07below the sector's middle half▼ 0.961.09below the sector's middle half▲ 0.031.11below the sector's middle half▲ 0.011.20below the sector's middle half▲ 0.10
Return on assets (ROA)0.9%within the sector's middle half▼ 0.5pp-2.6%below the sector's middle half▼ 3.5pp0.2%below the sector's middle half▲ 2.7pp-0.6%below the sector's middle half▼ 0.8pp0.3%within the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40,250 in 2025 against €121,909 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.9m
Fixed assets
€34,310 ▲ 2.2%
Current assets
€1.9m ▲ 29.3%
Equity and liabilities €1.9m
Equity
€141,045 ▲ 14.1%
Debt
€1.8m ▲ 29.9%
Debt's share of the balance-sheet total rises from 91.8% to 92.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€39,600▲
2024 · -€121,053
Cash flow
€5,699▲
2024 · -€8,207
Debt to equity
12.74▲
2024 · 11.19
ROE
3.6%▲
2024 · -7.3%
Interest coverage
-38.69▲
2024 · -55.19
Debt ≤ 1 year
€1.6m▲
2024 · €1.3m
Income taxes
€11,574▼
2024 · €12,051
Staff costs
€354,258▲
2024 · €345,795
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 1,216 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €288,846 | €337,855 | €322,651 | €345,795 | €354,258 | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €314 | €532 | €856 | €649 | ▼ 24.1% |
| Other operating charges640/8 | €348 | €348 | €384 | €1,119 | €9,587 | ▲ 757% |
| Gross operating margin9900 | €305,026 | €308,034 | €287,221 | €225,861 | €324,245 | ▲ 43.6% |
| Operating profit (loss)9901 | €15,833 | -€30,483 | -€36,346 | -€121,909 | -€40,250 | ▲ 67.0% |
| Financial income75/76B | €0 | €0 | €50,666 | €127,091 | €57,897 | ▼ 54.4% |
| Recurring financial income75 | €0 | €0 | €50,666 | €127,091 | €57,897 | ▼ 54.4% |
| Financial charges65/66B | €5,306 | €2,415 | €1,392 | €2,193 | €1,023 | ▼ 53.3% |
| Recurring financial charges65 | €5,306 | €2,415 | €1,392 | €2,193 | €1,023 | ▼ 53.3% |
| Profit (loss) for the period before taxes9903 | €10,527 | -€32,898 | €12,928 | €2,988 | €16,624 | ▲ 456% |
| Income taxes67/77 | €4,983 | €9,060 | €10,885 | €12,051 | €11,574 | ▼ 4.0% |
| Profit (loss) for the period9904 | €5,544 | -€41,958 | €2,043 | -€9,063 | €5,049 | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €5,544 | -€41,958 | €2,043 | -€9,063 | €5,049 | ▲ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €620,725 | €1.6m | €1.2m | €1.5m | €1.9m | ▲ 28.6% |
| Fixed assets21/28 | €26,720 | €27,875 | €28,442 | €33,581 | €34,310 | ▲ 2.2% |
| Tangible fixed assets22/27 | - | €1,155 | €1,722 | €866 | €1,596 | ▲ 84.2% |
| Furniture and vehicles24 | - | €1,155 | €1,722 | €866 | €1,596 | ▲ 84.2% |
| Financial fixed assets28 | €26,720 | €26,720 | €26,720 | €32,715 | €32,715 | = |
| Current assets29/58 | €594,005 | €1.6m | €1.2m | €1.5m | €1.9m | ▲ 29.3% |
| Amounts receivable within one year40/41 | €140,258 | €58,402 | €74,244 | €171,050 | €190,595 | ▲ 11.4% |
| Trade receivables40 | €127,630 | €29,685 | €28,190 | €104,561 | €121,745 | ▲ 16.4% |
| Other amounts receivable41 | €12,627 | €28,717 | €46,054 | €66,489 | €68,850 | ▲ 3.5% |
| Current investments50/53 | €86,932 | €86,932 | €93,151 | €0 | - | - |
| Cash at bank and in hand54/58 | €366,095 | €1.5m | €1.0m | €1.3m | €1.7m | ▲ 33.5% |
| Deferred charges and accrued income490/1 | €720 | €765 | €9,247 | €38,367 | €26,284 | ▼ 31.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €620,725 | €1.6m | €1.2m | €1.5m | €1.9m | ▲ 28.6% |
| Equity10/15 | €172,573 | €130,615 | €132,658 | €123,596 | €141,045 | ▲ 14.1% |
| Contributions10/11 | €86,800 | €86,800 | €86,800 | €86,800 | €99,200 | ▲ 14.3% |
| Reserves13 | €7,713 | €7,713 | €7,713 | €7,713 | €7,713 | = |
| Non-distributable reserves130/1 | €7,713 | €7,713 | €7,713 | €0 | - | - |
| Reserves not available under the articles1311 | €7,713 | €7,713 | €7,713 | €0 | - | - |
| Distributable reserves133 | - | - | - | €7,713 | €7,713 | = |
| Profit (loss) carried forward14 | €78,061 | €36,103 | €38,146 | €29,083 | €34,132 | ▲ 17.4% |
| Amounts payable17/49 | €448,152 | €1.5m | €1.1m | €1.4m | €1.8m | ▲ 29.9% |
| Amounts payable within one year42/48 | €293,152 | €1.5m | €1.1m | €1.3m | €1.6m | ▲ 18.9% |
| Trade debts44 | €258,607 | €922,299 | €255,724 | €371,869 | €624,135 | ▲ 67.8% |
| Suppliers440/4 | €258,607 | €922,299 | €255,724 | €371,869 | €624,135 | ▲ 67.8% |
| Taxes, remuneration and social security45 | €0 | €1,560 | €0 | - | - | - |
| Taxes450/3 | €0 | €1,560 | €0 | - | - | - |
| Other amounts payable47/48 | €34,545 | €583,716 | €849,835 | €961,249 | €960,687 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | €155,000 | €0 | - | €50,000 | €212,500 | ▲ 325% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,544 | -€41,958 | €2,043 | -€9,063 | €5,049 | ▲ 156% |
| + Depreciation and write-downs630 | €0 | €314 | €532 | €856 | €649 | ▼ 24.1% |
| Operating cash flow (approximation) | €5,544 | -€41,644 | €2,575 | -€8,207 | €5,699 | ▲ 169% |
| Investment in fixed assets (approximation) | - | -€1,469 | -€1,099 | -€5,995 | -€1,379 | ▲ 77.0% |
| Change in cash | - | €1.1m | -€431,083 | €230,583 | €423,462 | ▲ 83.6% |
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
03-07
State Gazette act
Appointments: Samantha McFALL (managing director) and Elena BYSTROVA usage BRUNS (managing director)Reappointments: Samantha McFALL (director) and Elena BYSTROVA usage BRUNS (director)6 facts ▸
State Gazette act
Appointments: Samantha McFALL (managing director) and Elena BYSTROVA usage BRUNS (managing director)
Reappointments: Samantha McFALL (director) and Elena BYSTROVA usage BRUNS (director)6 facts ▸
- Board meeting, 21-05-2026
- Director appointment, Samantha McFALL (managing director)
- Director appointment, Elena BYSTROVA usage BRUNS (managing director)
- General meeting, 21-05-2026
- Director reappointment, Samantha McFALL (director)
- Director reappointment, Elena BYSTROVA usage BRUNS (director)
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €5,049
Net result €5,049 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2,043
Net result €2,043 after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€41,958
Net result drops to -€41,958, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €8,323
Net result €8,323 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 30 acts read
About the unread acts
Of the 30 Belgian State Gazette acts we know for this company, 1 has been read. The other 29 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, 2 in day-to-day management, last change in 2026
Day-to-day management 2
Elena BYSTROVA usage BRUNS
CurrentManaging director · since 03-07-2026
Samantha McFALL
CurrentManaging director · since 03-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
29 of this company's 30 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1991
Ground area
8,679 m²
Building footprint
791 m²
Volume, LiDAR
12,567 m³
Parcel 52028B0323/00M003, Wallonia · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
47
companies at this address
See who is registered here
1 establishment unit
Rue Antoine de Saint-Exupéry 14, 6041 Charleroi
since 19912.054.696.461
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0323/00M003 | Wallonia | 8,679 m² | 1 · 791 m² | 18.8 m · 5 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Elena BYSTROVA usage BRUNS |
|
| Samantha McFALL |
|
Articles of association
Other statement
One provision in the deed
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of IMELCO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe 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
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Company details
Identification
Legal formPrivate limited company
Founded23-09-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
Contact
Website
www.imelco.com
E-mail
headquarters@imelco.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445202680
Also
9925:BE0445202680
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.