IMKO
ActiveSummary
IMKO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 91% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 12.18 against 10.22 in 2024; short-term debt: 8.2% and cash: 7.2% of total assets), and 8.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
91.8%
Return on assets
-23.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
28 d late
2023
71 d late
2022
40 d early
2021
67 d early
2020
11 d late
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€25k▼ 20.3%
2024 · €31k
2018: €395khighest in 8 years
2019: €385k▼ -2.7% vs 2018
2020: €382k▼ -0.7% vs 2019
2021: €21k▼ -94.5% vs 2020
2022: €11k▼ -46.3% vs 2021
2023: €6k▼ -48.8% vs 2022lowest in 8 years
2024: €31k▲ +438% vs 2023
2025: €25k▼ -20.3% vs 2024
2018 → 2025
Total assets
€27k▼ 21.6%
2024 · €34k
2018: €1.86Mhighest in 8 years
2019: €1.20M▼ -35.3% vs 2018
2020: €497k▼ -58.7% vs 2019
2021: €344k▼ -30.8% vs 2020
2022: €80k▼ -76.7% vs 2021
2023: €80k● 0.0% vs 2022
2024: €34k▼ -57.2% vs 2023
2025: €27k▼ -21.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-6k
2024 · €25k
2018: €3k
2019: €-11k▼ -438% vs 2018
2020: €-3k▲ +74.7% vs 2019
2021: €-39k▼ -1343% vs 2020lowest in 8 years
2022: €-10k▲ +75.0% vs 2021
2023: €-5k▲ +43.4% vs 2022
2024: €25k▲ +559% vs 2023highest in 8 years
2025: €-6k▼ -125% vs 2024
2018 → 2025
Working capital
€25k▼ 20.3%
2024 · €31k
2018: €395khighest in 8 years
2019: €385k▼ -2.7% vs 2018
2020: €382k▼ -0.7% vs 2019
2021: €21k▼ -94.5% vs 2020
2022: €11k▼ -46.3% vs 2021
2023: €6k▼ -48.8% vs 2022lowest in 8 years
2024: €31k▲ +438% vs 2023
2025: €25k▼ -20.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€11k▼ 46.3%€6k▼ 48.8%€31k▲ 438%€25k▼ 20.3%
2021: €21k
2022: €11k▼ -46.3% vs 2021
2023: €6k▼ -48.8% vs 2022lowest in 5 years
2024: €31k▲ +438% vs 2023highest in 5 years
2025: €25k▼ -20.3% vs 2024
Operating result€-41k-€-9k▲ 78.1%€-4k▲ 51.0%€25k€-6k
2021: €-41klowest in 5 years
2022: €-9k▲ +78.1% vs 2021
2023: €-4k▲ +51.0% vs 2022
2024: €25k▲ +667% vs 2023highest in 5 years
2025: €-6k▼ -125% vs 2024
Net result€-39k-€-10k▲ 75.0%€-5k▲ 43.4%€25k€-6k
2021: €-39klowest in 5 years
2022: €-10k▲ +75.0% vs 2021
2023: €-5k▲ +43.4% vs 2022
2024: €25k▲ +559% vs 2023highest in 5 years
2025: €-6k▼ -125% vs 2024
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 turns negative in 2025: a loss of €6k after €25k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €27k
Equity
€25k ▼ 20.3%
Debt
€2k ▼ 34.2%
Debt's share of the balance-sheet total falls from 9.8% to 8.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
12.18▲
2024 · 10.22
Debt to equity
0.09▼
2024 · 0.11
ROE
-25.4%▼
2024 · 81.4%
ROA
-23.3%▼
2024 · 73.4%
Debt ≤ 1 year
€2k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34k€27k▼
Current assets29/58€34k€27k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€34k€25k▼
Other amounts receivable41€34k€25k▼
Cash at bank and in hand54/58-€2k
Equity and liabilities
Total equity and liabilities10/49€34k€27k▼
Equity10/15€31k€25k▼
Contributions10/11€12k€12k=
Reserves13€60k€60k=
Distributable reserves133€60k€60k=
Profit (loss) carried forward14€-42k€-48k▼
Amounts payable17/49€3k€2k▼
Amounts payable within one year42/48€3k€2k▼
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Other operating charges640/8€513€528▲
Gross operating margin9900€26k€-6k▼
Operating profit (loss)9901€25k€-6k▼
Financial charges65/66B€89€19▼
Recurring financial charges65€89€19▼
Profit (loss) for the period before taxes9903€25k€-6k▼
Profit (loss) for the period9904€25k€-6k▼
Profit (loss) for the period to be appropriated9905€25k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-48k▼
Profit (loss) brought forward from the previous period14P€-67k€-42k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €979 | €2k | €1k | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €-40k | €-8k | €-3k | €26k | €-6k | ▼ 122% |
| Operating profit (loss)9901 | €-41k | €-9k | €-4k | €25k | €-6k | ▼ 125% |
| Financial income75/76B | €3k | €0 | - | - | - | - |
| Recurring financial income75 | €3k | €0 | - | - | - | - |
| Financial charges65/66B | €36 | €593 | €1k | €89 | €19 | ▼ 78.9% |
| Recurring financial charges65 | €36 | €593 | €1k | €89 | €19 | ▼ 78.9% |
| Profit (loss) for the period before taxes9903 | €-39k | €-10k | €-5k | €25k | €-6k | ▼ 125% |
| Profit (loss) for the period9904 | €-39k | €-10k | €-5k | €25k | €-6k | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | €-39k | €-10k | €-5k | €25k | €-6k | ▼ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €344k | €80k | €80k | €34k | €27k | ▼ 21.6% |
| Current assets29/58 | €344k | €80k | €80k | €34k | €27k | ▼ 21.6% |
| Stocks and contracts in progress3 | €80k | €80k | €80k | €0 | - | - |
| Stocks30/36 | €80k | €80k | €80k | €0 | - | - |
| Amounts receivable within one year40/41 | €264k | €0 | - | €34k | €25k | ▼ 27.3% |
| Other amounts receivable41 | €264k | €0 | - | €34k | €25k | ▼ 27.3% |
| Cash at bank and in hand54/58 | €0 | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €344k | €80k | €80k | €34k | €27k | ▼ 21.6% |
| Equity10/15 | €21k | €11k | €6k | €31k | €25k | ▼ 20.3% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €60k | €60k | €60k | €60k | €60k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €59k | €59k | €60k | €60k | €60k | = |
| Profit (loss) carried forward14 | €-52k | €-62k | €-67k | €-42k | €-48k | ▼ 14.9% |
| Amounts payable17/49 | €323k | €69k | €74k | €3k | €2k | ▼ 34.2% |
| Amounts payable within one year42/48 | €323k | €69k | €74k | €3k | €2k | ▼ 34.2% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €0 | €3k | €877 | €3k | €2k | ▼ 34.2% |
| Suppliers440/4 | €0 | €3k | €877 | €3k | €2k | ▼ 34.2% |
| Other amounts payable47/48 | €323k | €66k | €73k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-39k | €-10k | €-5k | €25k | €-6k | ▼ 125% |
| Operating cash flow (approximation) | €-39k | €-10k | €-5k | €25k | €-6k | ▼ 125% |
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
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after 5 loss-making years.
31-12
Financial
Liquidity times 9current ratio 10.22
Current ratio from 1.08 to 10.22; short-term debt falls from €74k to €3k.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.34
Current ratio from 1.47 to 4.34; short-term debt falls from €818k to €115k.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Koksijde · 1 establishment unit since 1998
Ground area
256 m²
Building footprint
127 m²
Volume, LiDAR
2,460 m³
Parcel 38014E0225/00A000, Flanders · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Zeedijk(Kok) 249, 8670 Koksijde
since 19982.089.188.671
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014E0225/00A000 | Flanders | 256 m² | 1 · 127 m² | 23.1 m · 7 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.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 2,671 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
Founded21-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.