IMGI
Dissolution or liquidationFinancials · financial year 2022, micro format
2022 annual accounts filed late (57 days) Filed on 26 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00458585.
Turnover
€51,431
EBIT margin
0.0%
Net result
-€163,091▼ 481%
2021 · -€28,089
Working capital
-€201,007▼ 203%
2021 · -€66,253
Trend over the years
2018 to 2022, 5 financial years 2018 to 2022, 5 financial years
The operating result stays negative: a loss of €68,054 in 2022 against €24,462 in 2021; the loss grows and 2022 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€68,054
2022
Net result-€163,091
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€348,483
2022
Equity-€58,866
2022
Debt€407,349
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€201,007
2022
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€51,431-
Operating result€17-€171,191▲ 1,006,905%-€17,901-€24,462▼ 36.7%-€68,054▼ 178%
Net result-€2,762-€133,097-€21,932-€28,089▼ 28.1%-€163,091▼ 481%
EBIT margin0.0%-
Equity€21,150-€154,246▲ 629%€132,314▼ 14.2%€104,225▼ 21.2%-€58,866
Total assets€147,060-€196,348▲ 33.5%€263,444▲ 34.2%€251,035▼ 4.7%€348,483▲ 38.8%
Debt€125,910-€42,102▼ 66.6%€131,130▲ 211%€146,810▲ 12.0%€407,349▲ 177%
Working capital-€35,153-€46,368€89,491▲ 93.0%-€66,253-€201,007▼ 203%
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €348,483
Fixed assets
€142,141 ▼ 16.6%
Current assets
€206,342 ▲ 156%
Equity and liabilities
Equity-€58,866
Debt€407,349
Equity is negative: debt (€407,349) exceeds the balance-sheet total (€348,483).
Key figures and ratios
EBITDA
-€39,716▼
2021 · -€278
Cash flow
-€134,753▼
2021 · -€3,905
Solvency
-16.9%▼
2021 · 41.5%
Current ratio
0.51▼
2021 · 0.55
ROA
-46.8%▼
2021 · -11.2%
Interest coverage
-3.39▼
2021 · -0.07
Debt ≤ 1 year
€407,349▲
2021 · €146,810
Income taxes
€83,319▲
2021 · -€409
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €51,431 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €71 | €64 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,312 | €25,571 | €20,699 | €24,185 | €28,337 | ▲ 17.2% |
| Other operating charges640/8 | - | €6,102 | €861 | €7,529 | €25,692 | ▲ 241% |
| Non-recurring operating charges66A | - | €800 | - | - | - | - |
| Gross operating margin9900 | €35,763 | €203,734 | €3,724 | €7,251 | -€14,025 | - |
| Operating profit (loss)9901 | €17 | €171,191 | -€17,901 | -€24,462 | -€68,054 | ▼ 178% |
| Financial charges65/66B | - | €4,562 | €4,032 | €4,036 | €11,718 | ▲ 190% |
| Recurring financial charges65 | €2,694 | €4,562 | €4,032 | €4,036 | €11,718 | ▲ 190% |
| Profit (loss) for the period before taxes9903 | -€2,677 | €166,629 | -€21,932 | -€28,498 | -€79,771 | ▼ 180% |
| Income taxes67/77 | €85 | €33,532 | - | -€409 | €83,319 | - |
| Profit (loss) for the period9904 | -€2,762 | €133,097 | -€21,932 | -€28,089 | -€163,091 | ▼ 481% |
| Profit (loss) for the period to be appropriated9905 | -€2,762 | €133,097 | -€21,932 | -€28,089 | -€163,091 | ▼ 481% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €147,060 | €196,348 | €263,444 | €251,035 | €348,483 | ▲ 38.8% |
| Fixed assets21/28 | €133,449 | €107,879 | €146,633 | €170,478 | €142,141 | ▼ 16.6% |
| Tangible fixed assets22/27 | €133,449 | €107,879 | €146,633 | €170,478 | €142,141 | ▼ 16.6% |
| Land and buildings22 | - | €107,879 | €146,633 | €170,478 | €142,141 | ▼ 16.6% |
| Current assets29/58 | €13,611 | €88,469 | €116,810 | €80,556 | €206,342 | ▲ 156% |
| Amounts receivable within one year40/41 | €10,620 | €88,366 | €112,965 | €80,156 | €203,934 | ▲ 154% |
| Trade receivables40 | - | €6,387 | €36,933 | €6,487 | €6,487 | = |
| Other amounts receivable41 | - | €81,979 | €76,032 | €73,669 | €197,446 | ▲ 168% |
| Cash at bank and in hand54/58 | €2,705 | €103 | €3,846 | €103 | €1,378 | ▲ 1,237% |
| Deferred charges and accrued income490/1 | - | - | - | €297 | €1,030 | ▲ 246% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €147,060 | €196,348 | €263,444 | €251,035 | €348,483 | ▲ 38.8% |
| Equity10/15 | €21,150 | €154,246 | €132,314 | €104,225 | -€58,866 | - |
| Contributions10/11 | €27,715 | €63,659 | €63,659 | €63,659 | €63,659 | = |
| Capital10 | - | €27,715 | €27,715 | €27,715 | - | - |
| Issued capital100 | - | €27,715 | €27,715 | €27,715 | - | - |
| Contributions outside capital11 | - | €35,945 | €35,945 | €35,945 | - | - |
| Share premium1100/10 | - | €35,945 | €35,945 | €35,945 | - | - |
| Reserves13 | €8,900 | €8,901 | €8,901 | €8,901 | €8,901 | = |
| Non-distributable reserves130/1 | - | €8,787 | €8,787 | €8,787 | €8,787 | = |
| Legal reserve130 | - | €8,787 | €8,787 | €8,787 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €8,787 | - |
| Distributable reserves133 | - | €114 | €114 | €114 | €114 | = |
| Profit (loss) carried forward14 | -€51,410 | €81,686 | €59,754 | €31,665 | -€131,426 | - |
| Amounts payable17/49 | €125,910 | €42,102 | €131,130 | €146,810 | €407,349 | ▲ 177% |
| Amounts payable after more than one year17 | €77,146 | - | €103,810 | - | - | - |
| Financial debts170/4 | - | - | €103,810 | - | - | - |
| Amounts payable within one year42/48 | €48,764 | €42,102 | €27,320 | €146,810 | €407,349 | ▲ 177% |
| Financial debts43 | - | €1,301 | - | €109,611 | €300,000 | ▲ 174% |
| Credit institutions430/8 | - | €1,301 | - | €109,611 | €300,000 | ▲ 174% |
| Trade debts44 | €19,212 | €23,611 | €10,131 | €20,419 | €57,407 | ▲ 181% |
| Suppliers440/4 | - | €23,611 | €10,131 | €20,419 | €57,407 | ▲ 181% |
| Taxes, remuneration and social security45 | - | €17,189 | €17,189 | €16,780 | €42,932 | ▲ 156% |
| Taxes450/3 | - | €17,189 | €17,189 | €16,780 | €42,932 | ▲ 156% |
| Other amounts payable47/48 | - | - | - | - | €7,010 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,762 | €133,097 | -€21,932 | -€28,089 | -€163,091 | ▼ 481% |
| + Depreciation and write-downs630 | €27,312 | €25,571 | €20,699 | €24,185 | €28,337 | ▲ 17.2% |
| Operating cash flow (approximation) | €24,550 | €158,668 | -€1,233 | -€3,905 | -€134,753 | ▼ 3,351% |
| Investment in fixed assets (approximation) | - | -€1 | -€59,454 | -€48,029 | €0 | - |
| Change in cash | - | -€2,602 | €3,743 | -€3,743 | €1,275 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 26-09-2023 | 2023-00458585 |
| 31-12-2021 | micro format | 13-10-2022 | 2022-20463732 |
| 31-12-2020 | micro format | 27-04-2022 | 2022-20016274 |
| 31-12-2019 | micro format | 27-04-2022 | 2022-20016267 |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67600510 |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57900073 |
| 31-12-2016 | micro format | 14-07-2017 | 2017-31300075 |
| 31-12-2015 | full format | 22-08-2016 | 2016-44300011 |
| 31-12-2014 | full format | 26-08-2015 | 2015-46600327 |
| 31-12-2013 | full format | 27-08-2014 | 2014-48300372 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.