IMMOGLAS
ActiveSummary
IMMOGLAS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €910,549 and a net result of €5,834. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38=
Solvency42=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 83.3% and cash: 0% of total assets), and 83.3% 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+raises risk○neutral
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
16.7%
Return on assets
0.1%
Age of the figures
9 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
51 d early
2023
54 d early
2022
59 d early
2021
72 d early
2020
71 d early
2019
74 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 65 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 2 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€910,549▲ 0.6%
2024 · €904,715
Total assets
€5.5m=
2024 · €5.5m
Net result
€5,834▼ 12.1%
2024 · €6,639
Working capital
-€4.5m▲ 0.1%
2024 · -€4.5m
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,218▲ 798%€9,034▼ 11.6%€99▼ 98.9%€9,155▲ 9,167%€7,987▼ 12.8%
Net result€7,469▲ 811%€6,601▼ 11.6%€28▼ 99.6%€6,639▲ 23,242%€5,834▼ 12.1%
Equity€891,447▲ 0.8%€898,048▲ 0.7%€898,077=€904,715▲ 0.7%€910,549▲ 0.6%
Total assets€2.1m▲ 26.0%€2.1m▼ 0.1%€5.5m▲ 165%€5.5m▼ 0.1%€5.5m=
Debt€1.2m▲ 55.4%€1.2m▼ 0.7%€4.6m▲ 292%€4.6m▼ 0.3%€4.6m▼ 0.1%
Working capital-€295,878▲ 2.5%-€289,277▲ 2.2%-€4.5m▼ 1,469%-€4.5m▲ 0.1%-€4.5m▲ 0.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.5m
Fixed assets
€5.4m =
Current assets
€25,765 ▲ 1.6%
Equity and liabilities €5.5m
Equity
€910,549 ▲ 0.6%
Debt
€4.6m ▼ 0.1%
Debt's share of the balance-sheet total falls from 83.4% to 83.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.01▲
2024 · 0.01
Debt to equity
5.00▼
2024 · 5.04
ROE
0.6%▼
2024 · 0.7%
ROA
0.1%▼
2024 · 0.1%
Debt ≤ 1 year
€4.6m▼
2024 · €4.6m
Income taxes
€2,124▼
2024 · €2,487
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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,599 | €1,301 | €1,699 | €1,743 | €1,783 | ▲ 2.3% |
| Gross operating margin9900 | €11,818 | €10,335 | €1,797 | €10,898 | €9,770 | ▼ 10.3% |
| Operating profit (loss)9901 | €10,218 | €9,034 | €99 | €9,155 | €7,987 | ▼ 12.8% |
| Financial charges65/66B | €30 | €30 | €60 | €30 | €30 | = |
| Recurring financial charges65 | €30 | €30 | €60 | €30 | €30 | = |
| Profit (loss) for the period before taxes9903 | €10,188 | €9,004 | €39 | €9,125 | €7,957 | ▼ 12.8% |
| Income taxes67/77 | €2,719 | €2,403 | €10 | €2,487 | €2,124 | ▼ 14.6% |
| Profit (loss) for the period9904 | €7,469 | €6,601 | €28 | €6,639 | €5,834 | ▼ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €7,469 | €6,601 | €28 | €6,639 | €5,834 | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €5.5m | €5.5m | €5.5m | = |
| Fixed assets21/28 | €1.2m | €1.2m | €5.4m | €5.4m | €5.4m | = |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Land and buildings22 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Financial fixed assets28 | - | - | €4.3m | €4.3m | €4.3m | = |
| Current assets29/58 | €877,341 | €875,296 | €30,454 | €25,355 | €25,765 | ▲ 1.6% |
| Amounts receivable within one year40/41 | €875,000 | €875,000 | €25,000 | €25,000 | €25,000 | = |
| Trade receivables40 | €850,000 | €850,000 | - | - | - | - |
| Other amounts receivable41 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Cash at bank and in hand54/58 | €2,341 | €296 | €5,454 | €355 | €765 | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €5.5m | €5.5m | €5.5m | = |
| Equity10/15 | €891,447 | €898,048 | €898,077 | €904,715 | €910,549 | ▲ 0.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Revaluation surpluses12 | €785,121 | €785,121 | €785,121 | €785,121 | €785,121 | = |
| Reserves13 | €196,665 | €196,665 | €196,665 | €196,665 | €196,665 | = |
| Non-distributable reserves130/1 | €42,729 | €42,729 | €42,729 | €42,729 | €42,729 | = |
| Legal reserve130 | €42,729 | €42,729 | €42,729 | €42,729 | €42,729 | = |
| Distributable reserves133 | €153,936 | €153,936 | €153,936 | €153,936 | €153,936 | = |
| Profit (loss) carried forward14 | -€152,339 | -€145,738 | -€145,709 | -€139,071 | -€133,237 | ▲ 4.2% |
| Amounts payable17/49 | €1.2m | €1.2m | €4.6m | €4.6m | €4.6m | ▼ 0.1% |
| Amounts payable within one year42/48 | €1.2m | €1.2m | €4.6m | €4.6m | €4.6m | ▼ 0.1% |
| Trade debts44 | - | - | €21,538 | €62,727 | €102,880 | ▲ 64.0% |
| Suppliers440/4 | - | - | €21,538 | €62,727 | €102,880 | ▲ 64.0% |
| Taxes, remuneration and social security45 | €3,017 | €5,122 | €2,413 | €2,487 | €4,610 | ▲ 85.4% |
| Taxes450/3 | €3,017 | €5,122 | €2,413 | €2,487 | €4,610 | ▲ 85.4% |
| Other amounts payable47/48 | €1.2m | €1.2m | €4.5m | €4.5m | €4.4m | ▼ 1.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,469 | €6,601 | €28 | €6,639 | €5,834 | ▼ 12.1% |
| Operating cash flow (approximation) | €7,469 | €6,601 | €28 | €6,639 | €5,834 | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | €0 | -€4.3m | €0 | €0 | - |
| Change in cash | - | -€2,044 | €5,158 | -€5,099 | €410 | ▲ 108% |
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
17-08
State Gazette act
Purpose · Statutes amendment · RestructuringPermanent representative: Vermeulen Marc · Resignation: IMMOGLAS (sole director) · Merger10 facts ▸
State Gazette act
Purpose · Statutes amendment · Restructuring
Permanent representative: Vermeulen Marc · Resignation: IMMOGLAS (sole director) · Merger10 facts ▸
- General meeting, eenhoofdig, enige aandeelhouder
- Other statement, eenhoofdigheid, artikel 2:8 § 4 WVV
- Merger, fusie door overname, gehele vermogen, rechten en verplichtingen
- Purpose change
- Shareholding
- Permanent representative, Vermeulen Marc (permanent representative)
- Director resignation, IMMOGLAS (sole director)
- Power of attorney, Studiecentrum Voor Accountancy Herentals
- Declaration, prijs dienstverlening, voldoende ingelicht te zijn over de prijs van de dienstverlening
- Other statement, bestuursorganen van zowel de overnemende vennootschap als van de over te nemen vennootschap, geen bijzonder voordeel toegekend aan bestuursorganen
03-06
State Gazette act
RestructuringPermanent representative: Marc Vermeulen · Merger · Incorporation28 facts ▸
State Gazette act
Restructuring
Permanent representative: Marc Vermeulen · Merger · Incorporation28 facts ▸
- Merger, fusie door overneming, gehele vermogen (zowel de rechten als de verplichtingen) van C-Immo BV door ontbinding zonder vereffening zal overgaan op Immoglas NV
- Board meeting, 09-05-2026
- Other statement, filing obligation acknowledgment, De bestuursorganen van de betrokken vennootschappen verklaren kennis te hebben genomen van de wettelijke verplichting om voor…
- Other statement, desirability of merger, De voorgenomen verrichting beantwoordt dan ook aan rechtmatige behoeften van economische en financiële aard. Vanuit een bedrijfseconomis…
- Incorporation, 15-11-1988
- Statutes amendment
- Capital, €62.000
- Shareholding, 1270
- Board composition, Marc Vermeulen (managing director)
- Board composition, Koen Vermeulen (director)
- Board composition, Diny Vermeulen (director)
- Incorporation, 23-12-2019
- +16 further facts in this act
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €28 ▼99.6%
Net result drops to €28, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company in the Gazette acts read. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 1988
Ground area
1.2 ha
Parcel 13302D0228/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
Toekomstlaan(HRT) 40, 2200 Herentals
since 19882.041.088.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0228/00H000 | Flanders | 1.2 ha | - | - |
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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| C-IMMO |
|
Articles of association
Purpose
- de aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, maatschappelijke aandelen, obligaties, statsfondsen en van alle…
Full purpose (9 activities)
- - de aankoop, verkoop en ruiling, het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, maatschappelijke aandelen, obligaties, statsfondsen en van alle roerende goederen en rechten;
- Het verwerven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten industriële, commerciële, financiële, landbouw- of immobiliënven nootschappen of- ondernemingen;
- - het stimuleren, de planning en coördinatie van de ontwikkeling van de vennootschap pen en ondernemingen, waarin ze een participatie aanhoudt, het deelnemen van hun beheer, bestuur en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen;
- - alle studiën en operaties met betrekking tot alle onroerende goederen en rechten en tot alle roerende goederen en rechten, welke daaruit voortvloeien, zoals de aankoop, de bouw, de verbouwing, de aanpassing, de huur en de onderhuur, de rechtstreekse uitbating of in regie, de ruiling, de verkoop, de onroerende financieringshuur, en in het al gemeen, alle operaties die rechtstreeks of onrechtstreeks betrekking hebben op het productief maken, voor zichzelf of voor anderen van alle bebouwde of onbebouwde onroerende eigendommen:
- - de vennootschap zal er zorg voor dragen haar onroerende goederen slechts te ver vreemden, wanneer deze bouwrijp geworden zijn, of wanneer gebiedende omstandig heden haar daartoe dwingen. Binnen het kader van haar voorwerp zal de vennootschap mogen overgaan tot het aankopen, opschikken, uitrusten, valoriseren, bouwen, verhuren of in huur nemen van onroerende goederen, al dan niet gemeubeld.
- - het aankopen en/of verkopen met inbegrip van deze handelingen onder BTW stelsel, huren, verhuren, leasen, ruilen, bouwen of doen bouwen, verbouwen of doen verbouwen, verkavelen, productief maken en/of makelaardij van alle dan niet bebouwen onroerende goederen in België en in het buitenland:
- - het stellen van alle handelingen die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband houden met, betrekking hebben op, of bevorderlijk zijn tot de verrichtingen van makelaar in onroerende goederen en/of zogenaamde syndicus en/of tussenpersoon inzake handel in onroerende goederen, zoals onder meer, doch niet beperkt tot het stellen van alle welkdanige verrichtingen van beheer, onder houd, herstelling, verzekering, enzovoort, alles in de ruimst mogelijke betekenis;
- - het stellen van alle verrichtingen en het verstrekken van alle diensten van raad gever of makelaar terzake verzekering van onroerende goederen;
- Het verstrekken van alle diensten van bemiddeling terzake het toestaan van alle leningen op interest, en in het algemeen alle financiële verrichtingen, met uit sluiting evenwel van alle verrichtingen die door de wetgeving zijn voorbehouden aan banken en private spaarkassen.
Accounting effect
01-01-2026
Other statement
Kwijting aan bestuurder overgenomen vennootschap, ter gelegenheid van de goedkeuring door de algemene vergadering van de overnemende vennootschap van de eerste…
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
- C-IMMOsubsidiaryEquity €522,167Result -€24,359100%
According to the 2025 annual accounts of IMMOGLAS 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.
Acquisitions and mergers
1 transactionTook over:C-IMMO
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 03-06-2026 ↗
- MADIKO (BE 0728.805.045) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 03-06-2026 Capital stated in the act · 62,000 EUR · 1,270 shares
Company details
Identification
Legal formPublic limited company
Founded15-11-1988
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
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Register as of 1 October 2026 · Peppol Directory
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