IMMAGRO
ActiveSummary
IMMAGRO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €424,388 and a net result of €62,665. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 1697 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▼-5
Solvency50▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.98 against 0.94 in 2023; short-term debt: 43% and cash: 7% of total assets), and 74.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-12-2025, 144 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
144 d late
2023
31 d late
2022
61 d late
2021
39 d early
2020
39 d early
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€424,388▲ 17.3%
2023 · €361,724
Total assets
€1.7m▲ 2.6%
2023 · €1.6m
Net result
€62,665▼ 47.8%
2023 · €119,978
Working capital
-€15,174▲ 63.6%
2023 · -€41,698
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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
Line20202021202220232024
Operating result€45,207▼ 31.1%€49,225▲ 8.9%€107,444▲ 118%€116,843▲ 8.7%€107,191▼ 8.3%
Net result€21,393within the sector's middle half▼ 50.2%€24,441within the sector's middle half▲ 14.2%€67,276above the sector's middle half▲ 175%€119,978above the sector's middle half▲ 78.3%€62,665within the sector's middle half▼ 47.8%
Equity€150,028within the sector's middle half▲ 16.6%€174,470within the sector's middle half▲ 16.3%€241,746above the sector's middle half▲ 38.6%€361,724above the sector's middle half▲ 49.6%€424,388within the sector's middle half▲ 17.3%
Total assets€1.1mabove the sector's middle half▼ 0.8%€1.1mabove the sector's middle half▼ 1.1%€1.3mabove the sector's middle half▲ 19.7%€1.6mabove the sector's middle half▲ 30.1%€1.7mwithin the sector's middle half▲ 2.6%
Debt€915,372▼ 3.1%€879,439▼ 3.9%€1.0m▲ 15.9%€1.3m▲ 25.5%€1.3m▼ 1.6%
Working capital-€118,019below the sector's middle half▼ 6.9%-€151,791below the sector's middle half▼ 28.6%-€107,804below the sector's middle half▲ 29.0%-€41,698within the sector's middle half▲ 61.3%-€15,174within the sector's middle half▲ 63.6%
Solvency14.1%within the sector's middle half▲ 2.1pp16.6%within the sector's middle half▲ 2.5pp19.2%within the sector's middle half▲ 2.6pp22.0%within the sector's middle half▲ 2.9pp25.2%within the sector's middle half▲ 3.2pp
Current ratio0.28below the sector's middle half▲ 0.030.22below the sector's middle half▼ 0.060.72within the sector's middle half▲ 0.510.94within the sector's middle half▲ 0.220.98within the sector's middle half▲ 0.04
Return on assets (ROA)2.0%within the sector's middle half▼ 2.0pp2.3%within the sector's middle half▲ 0.3pp5.3%within the sector's middle half▲ 3.0pp7.3%within the sector's middle half▲ 2.0pp3.7%within the sector's middle half▼ 3.6pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
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 falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€974,150 ▼ 1.3%
Current assets
€708,842 ▲ 8.3%
Equity and liabilities €1.7m
Equity
€424,388 ▲ 17.3%
Debt
€1.3m ▼ 1.6%
Debt's share of the balance-sheet total falls from 78.0% to 74.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€124,202▼
2023 · €132,500
Cash flow
€79,676▼
2023 · €135,635
Quick ratio
0.69▲
2023 · 0.65
Debt to equity
2.97▼
2023 · 3.54
ROE
14.8%▼
2023 · 33.2%
Interest coverage
10.06▼
2023 · 10.49
Debt ≤ 1 year
€724,016▲
2023 · €696,195
Debt > 1 year
€532,188▼
2023 · €580,938
Income taxes
€32,182▼
2023 · €34,238
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,372 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,729 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,762 | €19,016 | €21,253 | €15,657 | €17,011 | ▲ 8.6% |
| Other operating charges640/8 | - | €7,010 | €11,270 | €8,198 | €8,581 | ▲ 4.7% |
| Gross operating margin9900 | €67,571 | €75,251 | €139,968 | €140,699 | €132,783 | ▼ 5.6% |
| Operating profit (loss)9901 | €45,207 | €49,225 | €107,444 | €116,843 | €107,191 | ▼ 8.3% |
| Financial income75/76B | - | €0 | €4 | €50,004 | €5 | ▼ 100.0% |
| Recurring financial income75 | €3 | €0 | €4 | €50,004 | €5 | ▼ 100.0% |
| Financial charges65/66B | - | €13,394 | €13,091 | €12,632 | €12,349 | ▼ 2.2% |
| Recurring financial charges65 | €13,752 | €13,394 | €13,091 | €12,632 | €12,349 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | €31,458 | €35,831 | €94,357 | €154,215 | €94,847 | ▼ 38.5% |
| Income taxes67/77 | €10,065 | €11,390 | €27,081 | €34,238 | €32,182 | ▼ 6.0% |
| Profit (loss) for the period9904 | €21,393 | €24,441 | €67,276 | €119,978 | €62,665 | ▼ 47.8% |
| Profit (loss) for the period to be appropriated9905 | €21,393 | €24,441 | €67,276 | €119,978 | €62,665 | ▼ 47.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.3m | €1.6m | €1.7m | ▲ 2.6% |
| Fixed assets21/28 | €1.0m | €1.0m | €982,131 | €986,616 | €974,150 | ▼ 1.3% |
| Intangible fixed assets21 | €11,532 | €9,499 | €7,466 | €5,434 | €3,401 | ▼ 37.4% |
| Tangible fixed assets22/27 | €997,985 | €992,661 | €964,665 | €981,182 | €970,749 | ▼ 1.1% |
| Land and buildings22 | - | €962,769 | €945,686 | €963,301 | €952,249 | ▼ 1.1% |
| Plant, machinery and equipment23 | - | €22,952 | €18,979 | €16,894 | €17,901 | ▲ 6.0% |
| Furniture and vehicles24 | - | €6,940 | €0 | €987 | €599 | ▼ 39.3% |
| Financial fixed assets28 | €10,000 | €10,000 | €10,000 | €0 | - | - |
| Current assets29/58 | €45,884 | €41,749 | €278,963 | €654,497 | €708,842 | ▲ 8.3% |
| Stocks and contracts in progress3 | - | - | €67,155 | €204,896 | €211,561 | ▲ 3.3% |
| Stocks30/36 | - | - | €67,155 | €204,896 | €211,561 | ▲ 3.3% |
| Amounts receivable within one year40/41 | €13,761 | €18,872 | €179,286 | €322,957 | €354,602 | ▲ 9.8% |
| Trade receivables40 | - | €9,254 | €179,286 | €295,060 | €354,602 | ▲ 20.2% |
| Other amounts receivable41 | - | €9,618 | €0 | €27,897 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €27,611 | €17,387 | €26,754 | €60,574 | €118,278 | ▲ 95.3% |
| Deferred charges and accrued income490/1 | - | €5,490 | €5,768 | €66,070 | €24,402 | ▼ 63.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.3m | €1.6m | €1.7m | ▲ 2.6% |
| Equity10/15 | €150,028 | €174,470 | €241,746 | €361,724 | €424,388 | ▲ 17.3% |
| Contributions10/11 | - | €74,000 | €74,000 | €74,000 | €74,000 | = |
| Reserves13 | €46,777 | €71,218 | €138,495 | €258,472 | €321,137 | ▲ 24.2% |
| Non-distributable reserves130/1 | - | €7,400 | €7,400 | €7,400 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €7,400 | €7,400 | €7,400 | - | - |
| Other1319 | - | - | - | - | €0 | - |
| Distributable reserves133 | - | €63,818 | €131,095 | €251,072 | €321,137 | ▲ 27.9% |
| Profit (loss) carried forward14 | €29,251 | €29,251 | €29,251 | €29,251 | €29,251 | = |
| Amounts payable17/49 | €915,372 | €879,439 | €1.0m | €1.3m | €1.3m | ▼ 1.6% |
| Amounts payable after more than one year17 | €740,621 | €684,473 | €631,012 | €580,938 | €532,188 | ▼ 8.4% |
| Financial debts170/4 | - | €684,473 | €631,012 | €580,938 | €532,188 | ▼ 8.4% |
| Amounts payable within one year42/48 | €163,903 | €193,540 | €386,767 | €696,195 | €724,016 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €76,148 | €53,460 | €50,075 | €48,750 | ▼ 2.6% |
| Trade debts44 | €20,229 | €61,826 | €166,053 | €542,167 | €563,504 | ▲ 3.9% |
| Suppliers440/4 | - | €61,826 | €166,053 | €542,167 | €563,504 | ▲ 3.9% |
| Advances received on contracts in progress46 | - | €15,478 | €109,937 | €41,268 | €36,999 | ▼ 10.3% |
| Taxes, remuneration and social security45 | - | €2,155 | €16,939 | €21,439 | €56,377 | ▲ 163% |
| Taxes450/3 | - | €2,155 | €16,939 | €21,439 | €56,377 | ▲ 163% |
| Other amounts payable47/48 | - | €37,933 | €40,379 | €41,246 | €18,387 | ▼ 55.4% |
| Accrued charges and deferred income492/3 | - | €1,426 | €1,569 | €2,257 | €2,401 | ▲ 6.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,393 | €24,441 | €67,276 | €119,978 | €62,665 | ▼ 47.8% |
| + Depreciation and write-downs630 | €18,762 | €19,016 | €21,253 | €15,657 | €17,011 | ▲ 8.6% |
| Operating cash flow (approximation) | €40,156 | €43,457 | €88,530 | €135,635 | €79,676 | ▼ 41.3% |
| Investment in fixed assets (approximation) | - | -€11,660 | €8,775 | -€20,142 | -€4,545 | ▲ 77.4% |
| Change in cash | - | -€10,224 | €9,366 | €33,821 | €57,704 | ▲ 70.6% |
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
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 144 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Highest result since 2018net €119,978 ▲78.3%
Operating result €116,843, net result €119,978, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Equity above €200,000Eq €241,746 ▲38.6%
5 profitable years in a row build equity to €241,746.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €21,393 ▼50.2%
Net result drops to €21,393, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €150,028 ▲16.6%
3 profitable years in a row build equity to €150,028.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Tielt · 1 establishment unit since 2016
Ground area
855 m²
Building footprint
154 m²
Volume, LiDAR
803 m³
Parcel 37015A0435/00R000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nachtegaalstraat 14, 8700 Tielt
since 20162.259.072.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37015A0435/00R000 | Flanders | 855 m² | 1 · 154 m² | 7.9 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the 2022 annual accounts of IMMAGRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 2,232 EUR awarded · 2,231 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,754 EUR | 1,818 EUR |
| 2024 | 1 | 202 EUR | 137 EUR |
| 2023 | 1 | 117 EUR | 117 EUR |
| 2022 | 1 | 159 EUR | 159 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt2.259.072.293
Similar companies · same sector, comparable size
HARAL
BE 0455.966.415
Oosterzele · Eq €438,025
PLV Van Gestel
BE 0462.949.227
Nijlen · Eq €441,269
BEST FRIENDS
BE 0430.609.427
Jabbeke · Eq €397,564
DEMAVE
BE 0778.300.482
Oostende · Eq €461,949
VLAAMS HOEVERUND
BE 0724.603.559
Ledegem · Eq €495,081
Of 1,268 companies in sector 01420 we hold annual accounts for 138. 99 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
Founded09-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
01420Raising of other cattle and buffaloes
01620Support activities for animal production
E-invoicing
Reachable via Peppol
Peppol ID
0208:0665873128
Also
9925:BE0665873128
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.