IMGOR
ActiveSummary
IMGOR has the legal form “Partnership limited by shares” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €5.2m and a net result of €425,297. Equity is growing by about 9.4% per year across the filed financial years. Its solvency ranks better than 54% of 3,853 sector peers (NACE 70, financial year 2025). The company has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#3 company by total assets in Edegem, Professional and technical services sector#3 company by equity in Edegem, Professional and technical services sector
2025 annual accounts filed late (110 days) Filed on 18 August 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00404013.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€425,297▼ 61.7%
2024 · €1.1m
Working capital
-€2.4m▲ 26.1%
2024 · -€3.2m
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 94% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.04m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€9.1m
2025
Equity€5.2m
2025
Debt€3.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€2.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency57.6%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.35
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.9m--€0.5m-€0.06m▲ 89.8%-€0.06m▼ 1.7%€0.1m€0.7m▲ 583%€0.04m▼ 94.3%
Net result€1.0m--€0.2mbelow the sector's middle half€0.3mabove the sector's middle half€0.2mabove the sector's middle half▼ 12.2%€0.4mabove the sector's middle half▲ 66.4%€1.1mabove the sector's middle half▲ 189%€0.4mabove the sector's middle half▼ 61.7%
Equity€3.1m-€2.8mabove the sector's middle half▼ 7.7%€3.1mabove the sector's middle half▲ 9.3%€3.3mabove the sector's middle half▲ 7.5%€3.7mabove the sector's middle half▲ 11.5%€4.8mabove the sector's middle half▲ 29.9%€5.2mwithin the sector's middle half▲ 8.8%
Total assets€6.9m-€5.2mabove the sector's middle half▼ 25.0%€5.5mabove the sector's middle half▲ 6.5%€6.5mabove the sector's middle half▲ 17.8%€6.5mabove the sector's middle half▲ 0.2%€8.4mabove the sector's middle half▲ 28.7%€9.1mwithin the sector's middle half▲ 8.9%
Debt€3.6m-€2.1m▼ 41.7%€2.2m▲ 3.6%€2.9m▲ 34.9%€2.5m▼ 12.7%€3.3m▲ 30.3%€3.6m▲ 10.0%
Working capital-€1.9m--€1.6mbelow the sector's middle half▲ 18.1%-€2.1mbelow the sector's middle half▼ 33.0%-€2.9mbelow the sector's middle half▼ 35.3%-€2.5mbelow the sector's middle half▲ 13.3%-€3.2mbelow the sector's middle half▼ 29.1%-€2.4mbelow the sector's middle half▲ 26.1%
Solvency44.6%-54.8%within the sector's middle half▲ 10.3pp56.3%within the sector's middle half▲ 1.4pp51.3%within the sector's middle half▼ 4.9pp57.1%within the sector's middle half▲ 5.8pp57.7%within the sector's middle half▲ 0.5pp57.6%within the sector's middle half=
Current ratio0.18-0.24below the sector's middle half▲ 0.050.02below the sector's middle half▼ 0.220.02below the sector's middle half=0.02below the sector's middle half▲ 0.010.03below the sector's middle half▲ 0.010.35below the sector's middle half▲ 0.32
Return on assets (ROA)14.6%--4.6%below the sector's middle half▼ 19.2pp4.8%within the sector's middle half▲ 9.3pp3.6%within the sector's middle half▼ 1.2pp5.9%within the sector's middle half▲ 2.4pp13.3%within the sector's middle half▲ 7.4pp4.7%within the sector's middle half▼ 8.6pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2025 Net result -62% on 2024. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.1m
Fixed assets
€7.8m ▼ 5.1%
Current assets
€1.3m ▲ 12×
Equity and liabilities €9.1m
Equity
€5.2m ▲ 8.8%
Provisions
€234,491 ▼ 4.5%
Debt
€3.6m ▲ 10.0%
Debt's share of the balance-sheet total rises from 39.4% to 39.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€114,780▼
2024 · €784,983
Cash flow
€499,758▼
2024 · €1.2m
Debt to equity
0.69▲
2024 · 0.68
ROE
8.1%▼
2024 · 23.0%
Interest coverage
1.18▼
2024 · 10.91
Debt ≤ 1 year
€3.6m▲
2024 · €3.3m
Income taxes
€46,556▲
2024 · €312
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.02m | €0.02m | €0.03m | €0.03m | €0.07m | €0.07m | ▲ 0.8% |
| Other operating charges640/8 | - | - | - | €0.02m | €0.008m | €0.02m | €0.05m | ▲ 171% |
| Gross operating margin9900 | €1.0m | -€0.07m | -€0.02m | -€0.009m | €0.1m | €0.8m | €0.2m | ▼ 79.0% |
| Operating profit (loss)9901 | €0.9m | -€0.5m | -€0.06m | -€0.06m | €0.1m | €0.7m | €0.04m | ▼ 94.3% |
| Financial income75/76B | - | - | - | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 12.6% |
| Recurring financial income75 | €0.4m | €0.3m | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 12.6% |
| Financial charges65/66B | - | - | - | €0.05m | €0.05m | €0.07m | €0.1m | ▲ 35.3% |
| Recurring financial charges65 | €0.05m | €0.02m | €0.02m | €0.05m | €0.05m | €0.07m | €0.1m | ▲ 35.3% |
| Profit (loss) for the period before taxes9903 | €1.3m | -€0.2m | €0.3m | €0.2m | €0.5m | €1.1m | €0.5m | ▼ 58.1% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.003m | €0.01m | €0.01m | ▲ 1.0% |
| Income taxes67/77 | €0.001m | €0.005m | €0.003m | €277 | €0.07m | €312 | €0.05m | ▲ 149× |
| Profit (loss) for the period9904 | €1.0m | -€0.2m | €0.3m | €0.2m | €0.4m | €1.1m | €0.4m | ▼ 61.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.003m | €0.008m | €0.03m | €0.03m | ▲ 1.0% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | -€0.2m | €0.3m | €0.2m | €0.4m | €1.1m | €0.5m | ▼ 59.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6.9m | €5.2m | €5.5m | €6.5m | €6.5m | €8.4m | €9.1m | ▲ 8.9% |
| Fixed assets21/28 | €6.5m | €4.7m | €5.5m | €6.4m | €6.4m | €8.3m | €7.8m | ▼ 5.1% |
| Tangible fixed assets22/27 | €4.0m | €2.3m | €2.2m | €2.2m | €2.2m | €2.2m | €2.1m | ▼ 3.4% |
| Land and buildings22 | - | - | - | €2.2m | €2.2m | €2.2m | €2.1m | ▼ 3.4% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.007m | €0.005m | €0.004m | ▼ 25.0% |
| Financial fixed assets28 | €2.4m | €2.4m | €3.2m | €4.2m | €4.2m | €6.1m | €5.7m | ▼ 5.7% |
| Current assets29/58 | €0.4m | €0.5m | €0.04m | €0.04m | €0.05m | €0.1m | €1.3m | ▲ 12× |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €0.9m | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.9m | - |
| Amounts receivable within one year40/41 | €0.06m | €0.08m | €0.04m | €0.02m | €0.03m | €0.09m | €0.3m | ▲ 224% |
| Trade receivables40 | - | - | - | €300 | €0.001m | €0.06m | €0.1m | ▲ 81.2% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.03m | €0.03m | €0.2m | ▲ 457% |
| Cash at bank and in hand54/58 | €0.4m | €0.4m | €0.003m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 77.8% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.003m | €455 | €0.02m | ▲ 52× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6.9m | €5.2m | €5.5m | €6.5m | €6.5m | €8.4m | €9.1m | ▲ 8.9% |
| Equity10/15 | €3.1m | €2.8m | €3.1m | €3.3m | €3.7m | €4.8m | €5.2m | ▲ 8.8% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | €1.3m | €1.8m | ▲ 32.0% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.8m | €0.8m | €0.7m | €0.7m | ▼ 4.5% |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €1.0m | ▲ 83.8% |
| Profit (loss) carried forward14 | €1.2m | €1.0m | €1.3m | €1.5m | €1.9m | €3.0m | €3.0m | = |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 4.5% |
| Deferred taxes168 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 4.5% |
| Amounts payable17/49 | €3.6m | €2.1m | €2.2m | €2.9m | €2.5m | €3.3m | €3.6m | ▲ 10.0% |
| Amounts payable after more than one year17 | €1.2m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.4m | €2.1m | €2.2m | €2.9m | €2.5m | €3.3m | €3.6m | ▲ 10.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.2m | €1.0m | €0.9m | €0.8m | ▼ 9.2% |
| Trade debts44 | €0.004m | €0.03m | €0.003m | €0.001m | €0.001m | €0.01m | €0.09m | ▲ 761% |
| Suppliers440/4 | - | - | - | €0.001m | €0.001m | €0.01m | €0.09m | ▲ 761% |
| Taxes, remuneration and social security45 | - | - | - | €198 | €0.04m | €0.001m | €0.05m | ▲ 48× |
| Taxes450/3 | - | - | - | €198 | €0.04m | €0.001m | €0.05m | ▲ 48× |
| Other amounts payable47/48 | - | - | - | €1.7m | €1.5m | €2.4m | €2.7m | ▲ 12.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.002m | €0.003m | €0.003m | €0.003m | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.0m | -€0.2m | €0.3m | €0.2m | €0.4m | €1.1m | €0.4m | ▼ 61.7% |
| + Depreciation and write-downs630 | €0.08m | €0.02m | €0.02m | €0.03m | €0.03m | €0.07m | €0.07m | ▲ 0.8% |
| Operating cash flow (approximation) | €1.1m | -€0.2m | €0.3m | €0.3m | €0.4m | €1.2m | €0.5m | ▼ 57.8% |
| Investment in fixed assets (approximation) | - | €1.8m | -€0.8m | -€1.0m | -€0.03m | -€1.9m | €0.3m | - |
| Change in cash | - | €0.03m | -€0.4m | €0.02m | -€0.001m | -€0.007m | €0.009m | - |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 18-08-2026 | 2026-00404013 |
| 30-09-2024 | abbreviated format | 27-05-2025 | 2025-00107077 |
| 30-09-2023 | abbreviated format | 05-04-2024 | 2024-00057687 |
| 30-09-2022 | abbreviated format | 30-05-2023 | 2023-00097721 |
| 30-09-2021 | abbreviated format | 25-03-2022 | 2022-08500230 |
| 30-09-2020 | abbreviated format | 30-04-2021 | 2021-12100002 |
| 30-09-2019 | abbreviated format | 22-06-2020 | 2020-18500424 |
| 30-09-2018 | abbreviated format | 09-05-2019 | 2019-12600156 |
| 30-09-2017 | abbreviated format | 23-05-2018 | 2018-13400041 |
| 30-09-2016 | abbreviated format | 09-05-2017 | 2017-11400347 |
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Of the 82,475 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 54,350. 10,979 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.