Summary
IMMACO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €284,576 and a net result of €100,720. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 79% of 1495 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
27 d late
2023
30 d late
2022
21 d late
2021
22 d late
2020
19 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€284,576▲ 54.8%
2024 · €183,856
Net result
€100,720▲ 533%
2024 · €15,908
Total assets
€385,654▼ 15.0%
2024 · €453,963
Solvency
73.8%▲ 33.3pp
2024 · 40.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,765▼ 94.2%-€9,156-€18,503▼ 102%€11,169€157,457▲ 1,310%
Net result€3,159below the sector's middle half▼ 94.3%-€9,174below the sector's middle half-€34,468below the sector's middle half▼ 276%€15,908within the sector's middle half€100,720within the sector's middle half▲ 533%
Equity€407,590within the sector's middle half▲ 0.8%€398,416within the sector's middle half▼ 2.3%€363,948within the sector's middle half▼ 8.7%€183,856within the sector's middle half▼ 49.5%€284,576within the sector's middle half▲ 54.8%
Total assets€645,057within the sector's middle half▼ 13.9%€616,326within the sector's middle half▼ 4.5%€398,877below the sector's middle half▼ 35.3%€453,963below the sector's middle half▲ 13.8%€385,654below the sector's middle half▼ 15.0%
Debt€237,468▼ 31.2%€217,910▼ 8.2%€34,929▼ 84.0%€270,107▲ 673%€101,078▼ 62.6%
Working capital€406,390▲ 0.9%€397,825▼ 2.1%€179,807▼ 54.8%€38,208▼ 78.8%€177,422▲ 364%
Solvency63.2%within the sector's middle half▲ 9.2pp64.6%within the sector's middle half▲ 1.5pp91.2%above the sector's middle half▲ 26.6pp40.5%within the sector's middle half▼ 50.7pp73.8%above the sector's middle half▲ 33.3pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,310% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385,654
Fixed assets
€107,155 ▼ 26.4%
Current assets
€278,499 ▼ 9.7%
Equity and liabilities €385,654
Equity
€284,576 ▲ 54.8%
Debt
€101,078 ▼ 62.6%
Debt's share of the balance-sheet total falls from 59.5% to 26.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
35.4%▲
2024 · 8.7%
ROA
26.1%▲
2024 · 3.5%
Debt ≤ 1 year
€101,078▼
2024 · €270,107
Income taxes
€61,322▲
2024 · €2,462
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €609 | €609 | €9,989 | €38,493 | €38,493 | = |
| Other operating charges640/8 | €969 | €970 | €1,012 | €1,151 | €1,011 | ▼ 12.2% |
| Gross operating margin9900 | €6,343 | -€7,577 | -€7,502 | €50,813 | €196,961 | ▲ 288% |
| Operating profit (loss)9901 | €4,765 | -€9,156 | -€18,503 | €11,169 | €157,457 | ▲ 1,310% |
| Financial income75/76B | - | - | - | €7,201 | €4,595 | ▼ 36.2% |
| Recurring financial income75 | - | - | - | €7,201 | €4,595 | ▼ 36.2% |
| Financial charges65/66B | €288 | €17 | €15,965 | - | €10 | - |
| Recurring financial charges65 | €288 | €17 | €15,965 | - | €10 | - |
| Profit (loss) for the period before taxes9903 | €4,477 | -€9,174 | -€34,468 | €18,370 | €162,042 | ▲ 782% |
| Income taxes67/77 | €1,318 | - | - | €2,462 | €61,322 | ▲ 2,391% |
| Profit (loss) for the period9904 | €3,159 | -€9,174 | -€34,468 | €15,908 | €100,720 | ▲ 533% |
| Profit (loss) for the period to be appropriated9905 | €3,159 | -€9,174 | -€34,468 | €15,908 | €100,720 | ▲ 533% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €645,057 | €616,326 | €398,877 | €453,963 | €385,654 | ▼ 15.0% |
| Fixed assets21/28 | €1,200 | €591 | €184,141 | €145,648 | €107,155 | ▼ 26.4% |
| Tangible fixed assets22/27 | €1,200 | €591 | €184,141 | €145,648 | €107,155 | ▼ 26.4% |
| Plant, machinery and equipment23 | - | - | €2,762 | €2,484 | €2,206 | ▼ 11.2% |
| Furniture and vehicles24 | €1,200 | €591 | €181,380 | €143,164 | €104,949 | ▼ 26.7% |
| Current assets29/58 | €643,857 | €615,735 | €214,735 | €308,315 | €278,499 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €129,875 | €18,406 | €20,876 | €262,030 | €77,609 | ▼ 70.4% |
| Trade receivables40 | €109,325 | €2,023 | €13,376 | €46,008 | €75,799 | ▲ 64.8% |
| Other amounts receivable41 | €20,551 | €16,383 | €7,500 | €216,022 | €1,810 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €513,982 | €597,329 | €193,859 | €46,285 | €199,459 | ▲ 331% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,431 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €645,057 | €616,326 | €398,877 | €453,963 | €385,654 | ▼ 15.0% |
| Equity10/15 | €407,590 | €398,416 | €363,948 | €183,856 | €284,576 | ▲ 54.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €388,990 | €388,990 | €388,990 | €227,498 | €328,218 | ▲ 44.3% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €387,130 | €388,990 | €388,990 | €227,498 | €328,218 | ▲ 44.3% |
| Profit (loss) carried forward14 | - | -€9,174 | -€43,641 | -€43,641 | -€43,641 | = |
| Amounts payable17/49 | €237,468 | €217,910 | €34,929 | €270,107 | €101,078 | ▼ 62.6% |
| Amounts payable within one year42/48 | €237,468 | €217,910 | €34,929 | €270,107 | €101,078 | ▼ 62.6% |
| Trade debts44 | €178,497 | €865 | €14,817 | €4,105 | €8,143 | ▲ 98.3% |
| Suppliers440/4 | €178,497 | €865 | €14,817 | €4,105 | €8,143 | ▲ 98.3% |
| Advances received on contracts in progress46 | €20,250 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €341 | €454 | €1,217 | €16,001 | €85,715 | ▲ 436% |
| Taxes450/3 | €341 | €454 | €1,217 | €16,001 | €85,715 | ▲ 436% |
| Other amounts payable47/48 | €38,380 | €216,591 | €18,895 | €250,000 | €7,220 | ▼ 97.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,159 | -€9,174 | -€34,468 | €15,908 | €100,720 | ▲ 533% |
| + Depreciation and write-downs630 | €609 | €609 | €9,989 | €38,493 | €38,493 | = |
| Operating cash flow (approximation) | €3,768 | -€8,565 | -€24,478 | €54,401 | €139,213 | ▲ 156% |
| Investment in fixed assets (approximation) | - | €0 | -€193,540 | €0 | €0 | - |
| Change in cash | - | €83,347 | -€403,470 | -€147,574 | €153,174 | ▲ 204% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.76
Current ratio from 1.14 to 2.76; short-term debt falls from €270,107 to €101,078.
31-12
Financial
Equity above €200,000Eq €284,576 ▲54.8%
2 profitable years in a row build equity to €284,576.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €15,908
Net result €15,908 after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet -€34,468
Net result drops to -€34,468, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.15
Current ratio from 2.83 to 6.15; short-term debt falls from €217,910 to €34,929.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
Show earlier events
2019
31-12
Financial
Highest result since 2018net €150,853 ▲579%
Operating result €168,603, net result €150,853, both a record.
31-12
Financial
Equity above €200,000Eq €348,713 ▲76.2%
2 profitable years in a row build equity to €348,713.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kapellen · 1 establishment unit since 2013
Ground area
6,999 m²
Building footprint
359 m²
Volume, LiDAR
5,287 m³
Parcel 11023K0007/02Z015, Flanders · tallest building 24.4 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Immaco
since 20132.215.300.549
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/02Z015 | Flanders | 6,999 m² | 1 · 359 m² | 24.4 m · 5 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 1,507 companies in sector 66199 we hold annual accounts for 921. 637 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
Founded27-09-2012
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849430186
Also
9925:BE0849430186
Registered
30-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.