IMGECO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-07-2024, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
22 d early
2022
19 d early
2021
23 d early
2020
57 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 29 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 (1)
Financials · fiscal year 2023, micro schema
Equity
€767,048▲ 125%
2022 · €340,888
Total assets
€920,629▲ 159%
2022 · €355,742
Net result
€426,160
2022 · -€10,539
Working capital
€748,515▲ 504,698%
2022 · €148
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
Line20192020202120222023
Operating result€24,768▲ 420%€29,951▲ 20.9%-€2,134-€10,525▼ 393%€562,334
Net result€24,286▲ 517%€29,928▲ 23.2%-€2,159-€10,539▼ 388%€426,160
Equity€323,658▲ 8.1%€353,586▲ 9.2%€351,427▼ 0.6%€340,888▼ 3.0%€767,048▲ 125%
Total assets€395,071▼ 0.2%€381,883▼ 3.3%€366,077▼ 4.1%€355,742▼ 2.8%€920,629▲ 159%
Debt€71,413▼ 26.1%€28,297▼ 60.4%€14,650▼ 48.2%€14,854▲ 1.4%€10,983▼ 26.1%
Working capital-€27,074▲ 55.4%-€5,825▲ 78.5%€1,367€148▼ 89.2%€748,515▲ 504,698%
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 returns to profit in 2023: €562,334 after a loss of €10,525 in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €920,629
Fixed assets
€161,131 ▼ 52.7%
Current assets
€759,498 ▲ 4,962%
Equity and liabilities €920,629
Equity
€767,048 ▲ 125%
Provisions
€142,598
Debt
€10,983 ▼ 26.1%
Debt's share of the balance-sheet total falls from 4.2% to 1.2%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
69.15▲
2022 · 1.01
Debt to equity
0.01▼
2022 · 0.04
ROE
55.6%▲
2022 · -3.1%
ROA
46.3%▲
2022 · -3.0%
Debt ≤ 1 year
€10,983▼
2022 · €14,854
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €310 | - | €570,392 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,321 | €9,321 | €9,321 | €9,321 | - | - |
| Other operating charges640/8 | - | - | €212 | - | €6,094 | - |
| Non-recurring operating charges66A | - | - | €30 | - | - | - |
| Gross operating margin9900 | €39,804 | €44,816 | €7,430 | -€1,204 | €568,428 | ▲ 47,314% |
| Operating profit (loss)9901 | €24,768 | €29,951 | -€2,134 | -€10,525 | €562,334 | ▲ 5,443% |
| Financial income75/76B | - | - | €0 | - | €6,685 | - |
| Recurring financial income75 | - | - | €0 | - | €6,685 | - |
| Financial charges65/66B | - | - | €26 | €15 | €261 | ▲ 1,682% |
| Recurring financial charges65 | €482 | €23 | €26 | €15 | €261 | ▲ 1,682% |
| Profit (loss) for the period before taxes9903 | €24,286 | €29,928 | -€2,159 | -€10,539 | €568,758 | ▲ 5,497% |
| Transfer to deferred taxes680 | - | - | - | - | €142,598 | - |
| Profit (loss) for the period9904 | €24,286 | €29,928 | -€2,159 | -€10,539 | €426,160 | ▲ 4,144% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €427,794 | - |
| Profit (loss) for the period to be appropriated9905 | €24,286 | €29,928 | -€2,159 | -€10,539 | -€1,633 | ▲ 84.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €395,071 | €381,883 | €366,077 | €355,742 | €920,629 | ▲ 159% |
| Fixed assets21/28 | €368,732 | €359,411 | €350,060 | €340,739 | €161,131 | ▼ 52.7% |
| Tangible fixed assets22/27 | €207,571 | €198,250 | €188,929 | €179,608 | - | - |
| Land and buildings22 | - | - | €188,929 | €179,608 | - | - |
| Financial fixed assets28 | €161,161 | €161,161 | €161,131 | €161,131 | €161,131 | = |
| Current assets29/58 | €26,339 | €22,472 | €16,017 | €15,003 | €759,498 | ▲ 4,962% |
| Amounts receivable within one year40/41 | €16,909 | €18,962 | €14,805 | €13,762 | €752,813 | ▲ 5,370% |
| Other amounts receivable41 | - | - | €14,805 | €13,762 | €752,813 | ▲ 5,370% |
| Current investments50/53 | €2 | €2 | €2 | €2 | - | - |
| Cash at bank and in hand54/58 | €8,465 | €2,584 | €1,210 | €1,238 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €6,685 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €395,071 | €381,883 | €366,077 | €355,742 | €920,629 | ▲ 159% |
| Equity10/15 | €323,658 | €353,586 | €351,427 | €340,888 | €767,048 | ▲ 125% |
| Contributions10/11 | €322,262 | €322,262 | €322,262 | €322,262 | €322,262 | = |
| Capital10 | - | - | €322,262 | €322,262 | €322,262 | = |
| Issued capital100 | - | - | €322,262 | €322,262 | €322,262 | = |
| Reserves13 | €32,226 | €32,226 | €32,226 | €32,226 | €460,020 | ▲ 1,327% |
| Non-distributable reserves130/1 | - | - | €32,226 | €32,226 | €32,226 | = |
| Legal reserve130 | - | - | €32,226 | €32,226 | €32,226 | = |
| Tax-exempt reserves132 | - | - | - | - | €427,794 | - |
| Profit (loss) carried forward14 | -€30,830 | -€902 | -€3,061 | -€13,600 | -€15,234 | ▼ 12.0% |
| Provisions and deferred taxes16 | - | - | - | - | €142,598 | - |
| Deferred taxes168 | - | - | - | - | €142,598 | - |
| Amounts payable17/49 | €71,413 | €28,297 | €14,650 | €14,854 | €10,983 | ▼ 26.1% |
| Amounts payable after more than one year17 | €18,000 | - | - | - | - | - |
| Amounts payable within one year42/48 | €53,413 | €28,297 | €14,650 | €14,854 | €10,983 | ▼ 26.1% |
| Trade debts44 | €987 | €517 | €635 | - | - | - |
| Suppliers440/4 | - | - | €635 | - | - | - |
| Other amounts payable47/48 | - | - | €14,015 | €14,854 | €10,983 | ▼ 26.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,286 | €29,928 | -€2,159 | -€10,539 | €426,160 | ▲ 4,144% |
| + Depreciation and write-downs630 | €9,321 | €9,321 | €9,321 | €9,321 | - | - |
| Operating cash flow (approximation) | €33,606 | €39,249 | €7,161 | -€1,219 | €426,160 | ▲ 35,071% |
| Investment in fixed assets (approximation) | - | €0 | €30 | €0 | €179,608 | - |
| Change in cash | - | -€5,881 | -€1,374 | €28 | - | - |
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
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €426,160
Net result €426,160 after 2 loss-making years.
31-12
Financial
Liquidity times 68current ratio 69.15
Current ratio from 1.01 to 69.15; short-term debt falls from €14,854 to €10,983.
31-12
Financial
Equity above €500,000Eq €767,048 ▲125%
Equity rises from €340,888 to €767,048.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€10,539
Net result drops to -€10,539, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
16-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
1 owner · 1 holdingOwners 1
- Sourceaccounts CHAREX 2023100%
Holdings 1
-
99%
According to the 2022 annual accounts of IMGECO 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
No current directors or connected companies found in the register.