IMEXCA
ActiveSummary
IMEXCA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39,140 and a net result of €16,259. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 18932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-6
Solvency32▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.38 against 2.31 in 2023; short-term debt: 9.4% and cash: 12.7% of total assets), and 92.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more 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 2024Solvency, return and age of the figures
Solvency
7.4%
Return on assets
3.1%
Age of the figures
24 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €39,140
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 149 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 07-04-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
23 d early
2023
19 d early
2022
52 d early
2021
61 d early
2020
74 d early
2019
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€39,140▲ 71.1%
2023 · €22,881
Total assets
€532,339▲ 5.2%
2023 · €505,954
Net result
€16,259▲ 86.5%
2023 · €8,717
Working capital
€19,005▼ 63.9%
2023 · €52,623
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€11,655€4,681€14,883▲ 218%€20,899▲ 40.4%€25,085▲ 20.0%
Net result-€14,791▼ 14,653%€1,319€11,315▲ 758%€8,717▼ 23.0%€16,259▲ 86.5%
Equity€1,530▼ 90.6%€2,849▲ 86.2%€14,164▲ 397%€22,881▲ 61.5%€39,140▲ 71.1%
Total assets€496,650▲ 1.6%€496,062▼ 0.1%€505,228▲ 1.8%€505,954▲ 0.1%€532,339▲ 5.2%
Debt€495,120▲ 4.8%€493,213▼ 0.4%€491,064▼ 0.4%€483,073▼ 1.6%€493,199▲ 2.1%
Working capital€24,349▼ 18.6%€33,150▲ 36.1%€42,417▲ 28.0%€52,623▲ 24.1%€19,005▼ 63.9%
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 has risen four years in a row; 2024 is 20% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €532,339
Fixed assets
€463,135 ▲ 12.1%
Current assets
€69,204 ▼ 25.3%
Equity and liabilities €532,339
Equity
€39,140 ▲ 71.1%
Debt
€493,199 ▲ 2.1%
Debt's share of the balance-sheet total falls from 95.5% to 92.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€39,773▼
2023 · €40,810
Cash flow
€30,947▲
2023 · €28,628
Current ratio
1.38▼
2023 · 2.31
Debt to equity
12.60▼
2023 · 21.11
ROE
41.5%▲
2023 · 38.1%
ROA
3.1%▲
2023 · 1.7%
Interest coverage
2.47▼
2023 · 3.39
Debt ≤ 1 year
€50,199▲
2023 · €40,073
Debt > 1 year
€443,000=
2023 · €443,000
Income taxes
€213▲
2023 · €161
Staff costs
-€39▼
2023 · €44
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €557 | €44 | -€39 | ▼ 189% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,302 | €16,386 | €18,142 | €19,911 | €14,688 | ▼ 26.2% |
| Other operating charges640/8 | - | - | €3,856 | €3,911 | €4,012 | ▲ 2.6% |
| Gross operating margin9900 | €14,019 | €31,797 | €37,438 | €44,765 | €43,746 | ▼ 2.3% |
| Operating profit (loss)9901 | -€11,655 | €4,681 | €14,883 | €20,899 | €25,085 | ▲ 20.0% |
| Financial income75/76B | - | - | - | - | €7,460 | - |
| Recurring financial income75 | €1 | - | - | - | €7,460 | - |
| Financial charges65/66B | - | - | €3,321 | €12,021 | €16,073 | ▲ 33.7% |
| Recurring financial charges65 | €3,017 | €3,264 | €3,321 | €12,021 | €16,073 | ▲ 33.7% |
| Profit (loss) for the period before taxes9903 | -€14,671 | €1,417 | €11,562 | €8,878 | €16,472 | ▲ 85.5% |
| Income taxes67/77 | €120 | €98 | €247 | €161 | €213 | ▲ 32.3% |
| Profit (loss) for the period9904 | -€14,791 | €1,319 | €11,315 | €8,717 | €16,259 | ▲ 86.5% |
| Profit (loss) for the period to be appropriated9905 | -€14,791 | €1,319 | €11,315 | €8,717 | €16,259 | ▲ 86.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €496,650 | €496,062 | €505,228 | €505,954 | €532,339 | ▲ 5.2% |
| Fixed assets21/28 | €422,297 | €412,699 | €414,747 | €413,258 | €463,135 | ▲ 12.1% |
| Tangible fixed assets22/27 | €413,846 | €397,146 | €390,794 | €380,942 | €411,129 | ▲ 7.9% |
| Land and buildings22 | - | - | €373,067 | €360,109 | €357,575 | ▼ 0.7% |
| Plant, machinery and equipment23 | - | - | €8,410 | €14,558 | €19,293 | ▲ 32.5% |
| Furniture and vehicles24 | - | - | €9,317 | €6,275 | €34,261 | ▲ 446% |
| Financial fixed assets28 | €8,451 | €15,553 | €23,953 | €32,316 | €52,006 | ▲ 60.9% |
| Current assets29/58 | €74,353 | €83,363 | €90,481 | €92,696 | €69,204 | ▼ 25.3% |
| Amounts receivable within one year40/41 | €780 | €355 | €1,682 | €4,129 | €27 | ▼ 99.3% |
| Trade receivables40 | - | - | €1,682 | €4,104 | - | - |
| Other amounts receivable41 | - | - | - | €25 | €27 | ▲ 8.0% |
| Cash at bank and in hand54/58 | €72,362 | €81,123 | €87,406 | €87,097 | €67,574 | ▼ 22.4% |
| Deferred charges and accrued income490/1 | - | - | €1,393 | €1,470 | €1,603 | ▲ 9.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €496,650 | €496,062 | €505,228 | €505,954 | €532,339 | ▲ 5.2% |
| Equity10/15 | €1,530 | €2,849 | €14,164 | €22,881 | €39,140 | ▲ 71.1% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | - | - |
| Financial assistance1313 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | -€18,930 | -€17,611 | -€6,296 | €2,421 | €18,680 | ▲ 672% |
| Amounts payable17/49 | €495,120 | €493,213 | €491,064 | €483,073 | €493,199 | ▲ 2.1% |
| Amounts payable after more than one year17 | €443,000 | €443,000 | €443,000 | €443,000 | €443,000 | = |
| Financial debts170/4 | - | - | €443,000 | €443,000 | €443,000 | = |
| Amounts payable within one year42/48 | €50,004 | €50,213 | €48,064 | €40,073 | €50,199 | ▲ 25.3% |
| Trade debts44 | €10,266 | €7,195 | €9,505 | €4,569 | €2,555 | ▼ 44.1% |
| Suppliers440/4 | - | - | €9,505 | €4,569 | €2,555 | ▼ 44.1% |
| Taxes, remuneration and social security45 | - | - | €3,579 | €3,182 | €3,686 | ▲ 15.8% |
| Taxes450/3 | - | - | €3,564 | €3,160 | €1,665 | ▼ 47.3% |
| Remuneration and social security454/9 | - | - | €15 | €22 | €2,021 | ▲ 9,086% |
| Other amounts payable47/48 | - | - | €34,980 | €32,322 | €43,958 | ▲ 36.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,791 | €1,319 | €11,315 | €8,717 | €16,259 | ▲ 86.5% |
| + Depreciation and write-downs630 | €19,302 | €16,386 | €18,142 | €19,911 | €14,688 | ▼ 26.2% |
| Operating cash flow (approximation) | €4,511 | €17,705 | €29,457 | €28,628 | €30,947 | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | -€6,788 | -€20,190 | -€18,422 | -€64,565 | ▼ 250% |
| Change in cash | - | €8,761 | €6,283 | -€309 | -€19,523 | ▼ 6,218% |
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
2025
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €16,259 ▲86.5%
Operating result €25,085, net result €16,259, both a record.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €1,319
Net result €1,319 after 3 loss-making years.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet -€14,791
Net result drops to -€14,791, the lowest in the series; recovery starts the following year.
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
02-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bredene · 1 establishment unit since 1995
Ground area
440 m²
Building footprint
163 m²
Volume, LiDAR
1,405 m³
Parcel 35302C0066/00E000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BAGUITTINO
since 19952.065.434.757
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302C0066/00E000 | Flanders | 440 m² | 1 · 163 m² | 11.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDe Haan2.065.434.757
Legal Entity Identifier
6488T0DG1G33C4E7H109
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In Balance
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Of 1,350 companies in sector 56220 we hold annual accounts for 406. 313 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
Founded13-12-1993
Fiscal year end30-09
Activities, NACEBEL 2025
56220Contract catering and other food service activities
Scores and ratios are computed by Checked and are not a credit decision.