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Imexcom

Active
Private limited company (pre-2019)founded 197155 yrs activeNieuwe Olm 4, 8790 Waregem, BelgiumKBO/BCE: BE 0411.526.161
Summary

Imexcom has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,537 and a net result of -€2,717. Equity is shrinking by ~5.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability22▲+12
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 6.5 against 7.96 in 2024; short-term debt: 15.4% of total assets), and 15.6% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 55 years 0 60 y
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 2025
Solvency, return and age of the figures
Solvency
84.4%
Return on assets
-6.1%
Age of the figures
10 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,717
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 07-05-2026, 54 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
54 d early
2024
42 d early
2023
4 d early
2022
53 d early
2021
50 d early
2020
49 d early
2019
7 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 37 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. Usually files around 11 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-11-2026 close30-06-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Imexcom was incorporated on 11 September 1971.1 Total assets fell from EUR 63,717 in 2018 to EUR 44,457 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€37,537▼ 6.7%
2024 · €40,254
Total assets
€44,457▼ 4.2%
2024 · €46,412
Net result
-€2,717▲ 47.7%
2024 · -€5,194
Working capital
€37,617▼ 7.3%
2024 · €40,584
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
Line20212022202320242025
Operating result-€5,182▼ 82.0%-€3,726▲ 28.1%-€3,347▲ 10.2%-€4,499▼ 34.4%-€2,016▲ 55.2%
Net result-€896-€1,022▼ 14.1%-€4,165▼ 308%-€5,194▼ 24.7%-€2,717▲ 47.7%
Equity€50,636▼ 1.7%€49,614▼ 2.0%€45,448▼ 8.4%€40,254▼ 11.4%€37,537▼ 6.7%
Total assets€55,483▲ 3.7%€55,225▼ 0.5%€50,321▼ 8.9%€46,412▼ 7.8%€44,457▼ 4.2%
Debt€4,847▲ 146%€5,611▲ 15.8%€4,873▼ 13.2%€6,158▲ 26.4%€6,920▲ 12.4%
Working capital€50,693▼ 1.7%€50,054▼ 1.3%€45,699▼ 8.7%€40,584▼ 11.2%€37,617▼ 7.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2021: -€5,182-€5,182Net result 2021: -€896-€896Operating result 2022: -€3,726-€3,726Net result 2022: -€1,022-€1,022Operating result 2023: -€3,347-€3,347Net result 2023: -€4,165-€4,165Operating result 2024: -€4,499-€4,499Net result 2024: -€5,194-€5,194Operating result 2025: -€2,016-€2,016Net result 2025: -€2,717-€2,71720212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€3,347-€3,350Net result 2023: -€4,165-€4,170Operating result 2024: -€4,499-€4,500Net result 2024: -€5,194-€5,190Operating result 2025: -€2,016-€2,020Net result 2025: -€2,717-€2,720202320242025
The operating result stays negative: a loss of €2,016 in 2025 against €4,499 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €44,457
Equity €37,537 ▼ 6.7%
Debt €6,920 ▲ 12.4%
Debt's share of the balance-sheet total rises from 13.3% to 15.6%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
6.50▼
2024 · 7.96
Debt to equity
0.18▲
2024 · 0.15
ROE
-7.2%▲
2024 · -12.9%
ROA
-6.1%▲
2024 · -11.2%
Debt ≤ 1 year
€6,840▲
2024 · €5,828
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 12,321 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 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€46,412€44,457▼
Current assets29/58€46,412€44,457▼
Amounts receivable within one year40/41€46,412€44,446▼
Other amounts receivable41€46,412€44,446▼
Deferred charges and accrued income490/1-€11
Equity and liabilities
Total equity and liabilities10/49€46,412€44,457▼
Equity10/15€40,254€37,537▼
Contributions10/11€18,592€18,592=
Reserves13€33,000€33,000=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Tax-exempt reserves132€1,487€1,487=
Distributable reserves133€29,653€29,653=
Profit (loss) carried forward14-€11,338-€14,055▼
Amounts payable17/49€6,158€6,920▲
Amounts payable within one year42/48€5,828€6,840▲
Financial debts43€2,473€3,485▲
Credit institutions430/8€2,473€3,485▲
Trade debts44€3,355€3,355=
Suppliers440/4€3,355€3,355=
Accrued charges and deferred income492/3€330€80▼
Income statement Code20242025
Other operating charges640/8€1,537€269▼
Gross operating margin9900-€2,962-€1,747▲
Operating profit (loss)9901-€4,499-€2,016▲
Financial charges65/66B€695€701▲
Recurring financial charges65€695€701▲
Profit (loss) for the period before taxes9903-€5,194-€2,717▲
Profit (loss) for the period9904-€5,194-€2,717▲
Profit (loss) for the period to be appropriated9905-€5,194-€2,717▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11,338-€14,055▼
Profit (loss) brought forward from the previous period14P-€6,144-€11,338▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€525€411€347€1,537€269▼ 82.5%
Gross operating margin9900-€4,657-€3,315-€3,000-€2,962-€1,747▲ 41.0%
Operating profit (loss)9901-€5,182-€3,726-€3,347-€4,499-€2,016▲ 55.2%
Financial income75/76B€5,334€3,557----
Recurring financial income75€5,334€3,557----
Financial charges65/66B€1,048€852€818€695€701▲ 0.8%
Recurring financial charges65€1,048€852€818€695€701▲ 0.8%
Profit (loss) for the period before taxes9903-€896-€1,022-€4,165-€5,194-€2,717▲ 47.7%
Profit (loss) for the period9904-€896-€1,022-€4,165-€5,194-€2,717▲ 47.7%
Profit (loss) for the period to be appropriated9905-€896-€1,022-€4,165-€5,194-€2,717▲ 47.7%
Line20212022202320242025Change
Assets
Total assets20/58€55,483€55,225€50,321€46,412€44,457▼ 4.2%
Current assets29/58€55,483€55,225€50,321€46,412€44,457▼ 4.2%
Amounts receivable within one year40/41€50,095€51,653€50,321€46,412€44,446▼ 4.2%
Other amounts receivable41€50,095€51,653€50,321€46,412€44,446▼ 4.2%
Deferred charges and accrued income490/1€5,387€3,571--€11-
Equity and liabilities
Total equity and liabilities10/49€55,483€55,225€50,321€46,412€44,457▼ 4.2%
Equity10/15€50,636€49,614€45,448€40,254€37,537▼ 6.7%
Contributions10/11€18,592€18,592€18,592€18,592€18,592=
Reserves13€33,000€33,000€33,000€33,000€33,000=
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Tax-exempt reserves132€1,487€1,487€1,487€1,487€1,487=
Distributable reserves133€29,653€29,653€29,653€29,653€29,653=
Profit (loss) carried forward14-€956-€1,978-€6,144-€11,338-€14,055▼ 24.0%
Amounts payable17/49€4,847€5,611€4,873€6,158€6,920▲ 12.4%
Amounts payable within one year42/48€4,790€5,171€4,622€5,828€6,840▲ 17.4%
Current portion of amounts payable after more than one year42€431€713----
Financial debts43€2,343€2,034€2,481€2,473€3,485▲ 40.9%
Credit institutions430/8€2,343€2,034€2,481€2,473€3,485▲ 40.9%
Trade debts44€2,016€2,424€2,141€3,355€3,355=
Suppliers440/4€2,016€2,424€2,141€3,355€3,355=
Accrued charges and deferred income492/3€57€440€251€330€80▼ 75.8%
Line20212022202320242025Change
Profit (loss) for the period9904-€896-€1,022-€4,165-€5,194-€2,717▲ 47.7%
Operating cash flow (approximation)-€896-€1,022-€4,165-€5,194-€2,717▲ 47.7%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-06-2027
2026
07-05
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
19-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
08-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
11-05
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
12-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
30-11
Financial Back to profitnet €348
Net result €348 after 2 loss-making years.
30-11
Financial Liquidity doublescurrent ratio 27.90
Current ratio from 11.90 to 27.90; short-term debt falls from €4,695 to €1,918.
23-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
30-11
Financial Weakest financial yearnet -€8,100
Net result drops to -€8,100, the lowest in the series; recovery starts the following year.
16-05
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 5 days late
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, Waregem · 1 establishment unit since 1971
seat establishment The establishment unit on the map
Ground area
2,001 m²
Building footprint
818 m²
Volume, LiDAR
7,023 m³
Parcel 34040C0283/00R000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwe Olm 4, 8790 Waregem
NACE 18230
since 19712.105.694.806
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34040C0283/00R000 Flanders 2,001 m² 1 · 818 m² 9.8 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

Legal Entity Identifier

967600Q4O7NVA66H4F07
no longer live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded11-09-1971
Fiscal year end30-11
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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

Register as of 28 September 2026 · Peppol Directory

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