IMMAGO
ActiveSummary
IMMAGO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €790k and a net result of €6k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 75% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-3
Solvency90▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 5.65 against 2.35 in 2024; short-term debt: 6.6% and cash: 36.6% of total assets), and 35% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65%
Return on assets
0.5%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
38 d early
2023
49 d early
2022
28 d early
2021
40 d early
2020
51 d early
2019
16 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€790k▲ 0.7%
2024 · €785k
Total assets
€1.22M▼ 9.4%
2024 · €1.34M
Net result
€6k▼ 82.2%
2024 · €33k
Working capital
€376k▲ 229%
2024 · €114k
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
Line20212022202320242025
Operating result€26k€17k▼ 32.8%€56k▲ 224%€58k▲ 3.3%€46k▼ 20.9%
Net result€19k€8k▼ 55.7%€30k▲ 259%€33k▲ 9.1%€6k▼ 82.2%
Equity€793k▲ 2.4%€722k▼ 9.0%€752k▲ 4.1%€785k▲ 4.3%€790k▲ 0.7%
Total assets€1.24M▲ 31.0%€1.39M▲ 12.5%€1.39M▲ 0.4%€1.34M▼ 3.8%€1.22M▼ 9.4%
Debt€287k▲ 2,187%€516k▲ 79.6%€496k▼ 3.8%€416k▼ 16.2%€365k▼ 12.2%
Working capital€413k▼ 37.7%€110k▼ 73.2%€108k▼ 2.4%€114k▲ 5.9%€376k▲ 229%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.22M
Fixed assets
€759k ▼ 33.5%
Current assets
€456k ▲ 129%
Equity and liabilities €1.22M
Equity
€790k ▲ 0.7%
Provisions
€60k ▼ 57.6%
Debt
€365k ▼ 12.2%
Debt's share of the balance-sheet total falls from 31.0% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €107k
Cash flow
€69k▼
2024 · €82k
Current ratio
5.65▲
2024 · 2.35
Debt to equity
0.46▼
2024 · 0.53
ROE
0.7%▼
2024 · 4.2%
ROA
0.5%▼
2024 · 2.4%
Interest coverage
17.25▲
2024 · 12.45
Debt ≤ 1 year
€81k▼
2024 · €85k
Debt > 1 year
€278k▼
2024 · €324k
Income taxes
€116k▲
2024 · €22k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €46k | €48k | €50k | €63k | ▲ 27.7% |
| Other operating charges640/8 | - | €11k | €11k | €13k | €14k | ▲ 13.8% |
| Gross operating margin9900 | €69k | €75k | €115k | €120k | €124k | ▲ 2.8% |
| Operating profit (loss)9901 | €26k | €17k | €56k | €58k | €46k | ▼ 20.9% |
| Financial income75/76B | - | - | - | €448 | €2k | ▲ 255% |
| Recurring financial income75 | €1k | - | - | €448 | €2k | ▲ 255% |
| Financial charges65/66B | - | €4k | €10k | €9k | €6k | ▼ 26.7% |
| Recurring financial charges65 | €3k | €4k | €10k | €9k | €6k | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | €24k | €14k | €46k | €50k | €41k | ▼ 17.4% |
| Transfer from deferred taxes780 | - | €4k | €5k | €5k | €81k | ▲ 1,415% |
| Income taxes67/77 | €7k | €9k | €22k | €22k | €116k | ▲ 420% |
| Profit (loss) for the period9904 | €19k | €8k | €30k | €33k | €6k | ▼ 82.2% |
| Transfer from tax-exempt reserves789 | - | €11k | €16k | €16k | €244k | ▲ 1,415% |
| Profit (loss) for the period to be appropriated9905 | €23k | €19k | €46k | €49k | €249k | ▲ 412% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.24M | €1.39M | €1.39M | €1.34M | €1.22M | ▼ 9.4% |
| Fixed assets21/28 | €766k | €1.18M | €1.17M | €1.14M | €759k | ▼ 33.5% |
| Tangible fixed assets22/27 | €766k | €1.18M | €1.17M | €1.14M | €759k | ▼ 33.5% |
| Land and buildings22 | - | €1.18M | €1.17M | €1.14M | €754k | ▼ 34.0% |
| Plant, machinery and equipment23 | - | €1k | €910 | €745 | €580 | ▼ 22.2% |
| Furniture and vehicles24 | - | €603 | €156 | €0 | €5k | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €470k | €213k | €225k | €199k | €456k | ▲ 129% |
| Amounts receivable within one year40/41 | €18k | €1k | €32k | €17k | €10k | ▼ 39.4% |
| Trade receivables40 | - | €1k | €22k | €9k | €10k | ▲ 20.4% |
| Other amounts receivable41 | - | - | €10k | €9k | €44 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €449k | €209k | €191k | €180k | €445k | ▲ 146% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €1k | €1k | ▼ 5.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.24M | €1.39M | €1.39M | €1.34M | €1.22M | ▼ 9.4% |
| Equity10/15 | €793k | €722k | €752k | €785k | €790k | ▲ 0.7% |
| Contributions10/11 | €70k | €70k | €70k | €70k | €70k | = |
| Capital10 | - | €70k | €70k | €70k | €70k | = |
| Issued capital100 | - | €70k | €70k | €70k | €70k | = |
| Reserves13 | €723k | €652k | €682k | €715k | €720k | ▲ 0.8% |
| Non-distributable reserves130/1 | - | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | - | €7k | €7k | €7k | €7k | = |
| Tax-exempt reserves132 | - | €455k | €439k | €423k | €180k | ▼ 57.6% |
| Distributable reserves133 | - | €190k | €236k | €284k | €534k | ▲ 87.7% |
| Profit (loss) carried forward14 | - | - | €0 | - | - | - |
| Provisions and deferred taxes16 | €155k | €152k | €146k | €141k | €60k | ▼ 57.6% |
| Deferred taxes168 | - | €152k | €146k | €141k | €60k | ▼ 57.6% |
| Amounts payable17/49 | €287k | €516k | €496k | €416k | €365k | ▼ 12.2% |
| Amounts payable after more than one year17 | €228k | €408k | €369k | €324k | €278k | ▼ 14.2% |
| Financial debts170/4 | - | €405k | €361k | €316k | €270k | ▼ 14.6% |
| Other amounts payable178/9 | - | €2k | €9k | €9k | €9k | = |
| Amounts payable within one year42/48 | €57k | €102k | €118k | €85k | €81k | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | - | €41k | €45k | €45k | €46k | ▲ 1.6% |
| Trade debts44 | €25k | €7k | €23k | €6k | €7k | ▲ 29.6% |
| Suppliers440/4 | - | €7k | €23k | €6k | €7k | ▲ 29.6% |
| Advances received on contracts in progress46 | - | €1k | €1k | €1k | €1k | = |
| Taxes, remuneration and social security45 | - | €2k | €13k | €9k | €26k | ▲ 200% |
| Taxes450/3 | - | €2k | €13k | €9k | €26k | ▲ 200% |
| Other amounts payable47/48 | - | €51k | €36k | €24k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €6k | €9k | €7k | €6k | ▼ 8.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €8k | €30k | €33k | €6k | ▼ 82.2% |
| + Depreciation and write-downs630 | €36k | €46k | €48k | €50k | €63k | ▲ 27.7% |
| Operating cash flow (approximation) | €55k | €55k | €78k | €82k | €69k | ▼ 15.9% |
| Investment in fixed assets (approximation) | - | €-457k | €-41k | €-23k | €320k | ▲ 1,492% |
| Change in cash | - | €-240k | €-18k | €-10k | €264k | ▲ 2,640% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Liquidity doublescurrent ratio 5.65
Current ratio from 2.35 to 5.65; short-term debt falls from €85k to €81k.
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
2020
11-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Heusden-Zolder · 1 establishment unit since 1992
Ground area
1,199 m²
Building footprint
807 m²
Volume, LiDAR
4,996 m³
Parcel 71502B0070/00E000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IMMAGO NV
since 19922.059.407.889
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502B0070/00E000 | Flanders | 1,199 m² | 1 · 807 m² | 11.0 m · 2 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.
Similar companies · same sector, comparable size
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EXACTOR
BE 0558.929.638
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Coppens
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KESSELER SPRL
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 4,944 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-10-1992
Fiscal year end30-06
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
55203Holiday cottages, homes and apartments
55204Guest rooms (bed and breakfast)
55209Other holiday and short-stay accommodation
Scores and ratios are computed by Checked and are not a credit decision.