Imo
ActiveSummary
Imo has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,289 and a net result of €124. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 49% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-35
Solvency65▲+1
Growth38▼-8
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.63 in 2024; short-term debt: 59.5% and cash: 46.4% of total assets), and 59.5% of the assets are financed with debt.
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Signals
Six 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
40.5%
Return on assets
0.1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €44,289
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
42 d early
2023
27 d early
2022
34 d early
2021
37 d early
2020
39 d early
2019
7 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 32 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€138,920▼ 47.0%
2024 · €262,199
EBIT margin
4.1%▼ 6.4pp
2024 · 10.4%
Net result
€124▼ 99.4%
2024 · €20,707
Working capital
€21,701▼ 50.2%
2024 · €43,575
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€290,051€172,867▼ 40.4%€194,968▲ 12.8%€262,199▲ 34.5%€138,920▼ 47.0%
Operating result€3,173€4,726▲ 48.9%€7,068▲ 49.6%€27,358▲ 287%€5,657▼ 79.3%
Net result-€250within the sector's middle half▲ 99.2%€1,150within the sector's middle half€1,173within the sector's middle half▲ 2.0%€20,707within the sector's middle half▲ 1,665%€124within the sector's middle half▼ 99.4%
EBIT margin1.1%2.7%▲ 1.6pp3.6%▲ 0.9pp10.4%▲ 6.8pp4.1%▼ 6.4pp
Equity€21,135within the sector's middle half▼ 1.2%€22,285within the sector's middle half▲ 5.4%€23,458within the sector's middle half▲ 5.3%€44,165within the sector's middle half▲ 88.3%€44,289within the sector's middle half▲ 0.3%
Total assets€112,192within the sector's middle half▲ 18.5%€79,045within the sector's middle half▼ 29.5%€85,709within the sector's middle half▲ 8.4%€113,844within the sector's middle half▲ 32.8%€109,489within the sector's middle half▼ 3.8%
Debt€91,057▲ 24.2%€56,760▼ 37.7%€62,251▲ 9.7%€69,679▲ 11.9%€65,200▼ 6.4%
Working capital€14,296€17,529▲ 22.6%€20,785▲ 18.6%€43,575▲ 110%€21,701▼ 50.2%
Solvency18.8%within the sector's middle half▼ 3.7pp28.2%within the sector's middle half▲ 9.4pp27.4%within the sector's middle half▼ 0.8pp38.8%within the sector's middle half▲ 11.4pp40.5%within the sector's middle half▲ 1.7pp
Staff (FTE)1▼ 33.3%1=1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109,489
Fixed assets
€22,588 ▲ 3,728%
Current assets
€86,901 ▼ 23.3%
Equity and liabilities €109,489
Equity
€44,289 ▲ 0.3%
Debt
€65,200 ▼ 6.4%
Debt's share of the balance-sheet total falls from 61.2% to 59.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,972▼
2024 · €29,441
Cash flow
€3,439▼
2024 · €22,790
Current ratio
1.33▼
2024 · 1.63
Quick ratio
1.24▼
2024 · 1.54
Debt to equity
1.47▼
2024 · 1.58
ROE
0.3%▼
2024 · 46.9%
ROA
0.1%▼
2024 · 18.2%
Interest coverage
1.93▼
2024 · 4.41
Debt ≤ 1 year
€65,200▼
2024 · €69,679
Income taxes
€897
Staff costs
€41,468▲
2024 · €38,059
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €290,051 | €172,867 | €194,968 | €262,199 | €138,920 | ▼ 47.0% |
| Goods, raw materials, services and sundry goods60/61 | €212,956 | €130,867 | €153,831 | €169,373 | €87,731 | ▼ 48.2% |
| Remuneration, social security and pensions62 | €33,526 | €34,667 | €28,771 | €38,059 | €41,468 | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,377 | €2,083 | €2,083 | €2,083 | €3,315 | ▲ 59.1% |
| Other operating charges640/8 | €3,682 | €524 | €3,215 | €25,326 | €749 | ▼ 97.0% |
| Non-recurring operating charges66A | €10,337 | - | - | - | - | - |
| Gross operating margin9900 | €77,095 | €42,000 | €41,137 | €92,826 | €51,189 | ▼ 44.9% |
| Operating profit (loss)9901 | €3,173 | €4,726 | €7,068 | €27,358 | €5,657 | ▼ 79.3% |
| Financial income75/76B | - | - | - | €31 | €1 | ▼ 96.8% |
| Recurring financial income75 | - | - | - | €31 | €1 | ▼ 96.8% |
| Non-recurring financial income76B | - | - | - | €31 | - | - |
| Financial charges65/66B | €3,163 | €3,308 | €5,220 | €6,682 | €4,637 | ▼ 30.6% |
| Recurring financial charges65 | €3,163 | €3,308 | €5,220 | €6,682 | €4,637 | ▼ 30.6% |
| Profit (loss) for the period before taxes9903 | €10 | €1,418 | €1,848 | €20,707 | €1,021 | ▼ 95.1% |
| Income taxes67/77 | €260 | €268 | €675 | - | €897 | - |
| Profit (loss) for the period9904 | -€250 | €1,150 | €1,173 | €20,707 | €124 | ▼ 99.4% |
| Profit (loss) for the period to be appropriated9905 | -€250 | €1,150 | €1,173 | €20,707 | €124 | ▼ 99.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,192 | €79,045 | €85,709 | €113,844 | €109,489 | ▼ 3.8% |
| Fixed assets21/28 | €6,839 | €4,756 | €2,673 | €590 | €22,588 | ▲ 3,728% |
| Tangible fixed assets22/27 | €6,249 | €4,166 | €2,083 | - | €21,998 | - |
| Plant, machinery and equipment23 | €6,249 | €4,166 | €2,083 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €21,998 | - |
| Financial fixed assets28 | €590 | €590 | €590 | €590 | €590 | = |
| Current assets29/58 | €105,353 | €74,289 | €83,036 | €113,254 | €86,901 | ▼ 23.3% |
| Stocks and contracts in progress3 | €18,287 | €11,379 | €5,946 | €5,946 | €5,946 | = |
| Stocks30/36 | €5,946 | €5,946 | €5,946 | €5,946 | €5,946 | = |
| Contracts in progress37 | €12,341 | €5,433 | - | - | - | - |
| Amounts receivable within one year40/41 | €78,051 | €38,120 | €67,938 | €58,470 | €29,088 | ▼ 50.3% |
| Trade receivables40 | €76,424 | €38,017 | €64,764 | €24,730 | €16,304 | ▼ 34.1% |
| Other amounts receivable41 | €1,627 | €103 | €3,174 | €33,740 | €12,784 | ▼ 62.1% |
| Cash at bank and in hand54/58 | €9,015 | €24,790 | €9,152 | €48,714 | €50,775 | ▲ 4.2% |
| Deferred charges and accrued income490/1 | - | - | - | €124 | €1,092 | ▲ 781% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,192 | €79,045 | €85,709 | €113,844 | €109,489 | ▼ 3.8% |
| Equity10/15 | €21,135 | €22,285 | €23,458 | €44,165 | €44,289 | ▲ 0.3% |
| Contributions10/11 | €162,500 | €162,500 | €162,500 | €162,500 | €162,500 | = |
| Capital10 | €162,500 | €162,500 | €162,500 | €162,500 | €162,500 | = |
| Issued capital100 | €162,500 | €162,500 | €162,500 | €162,500 | €162,500 | = |
| Reserves13 | €16,281 | €16,281 | €16,281 | €16,281 | €16,281 | = |
| Non-distributable reserves130/1 | €16,250 | €16,250 | €16,250 | €16,250 | €16,250 | = |
| Legal reserve130 | €16,250 | €16,250 | €16,250 | €16,250 | €16,250 | = |
| Tax-exempt reserves132 | €31 | €31 | €31 | €31 | €31 | = |
| Profit (loss) carried forward14 | -€157,646 | -€156,496 | -€155,323 | -€134,616 | -€134,492 | ▲ 0.1% |
| Amounts payable17/49 | €91,057 | €56,760 | €62,251 | €69,679 | €65,200 | ▼ 6.4% |
| Amounts payable within one year42/48 | €91,057 | €56,760 | €62,251 | €69,679 | €65,200 | ▼ 6.4% |
| Financial debts43 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Credit institutions430/8 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Trade debts44 | €12,917 | €1,071 | €7,159 | €12,005 | €4,981 | ▼ 58.5% |
| Suppliers440/4 | €12,917 | €1,071 | €7,159 | €12,005 | €4,981 | ▼ 58.5% |
| Taxes, remuneration and social security45 | €3,140 | €5,689 | €5,092 | €7,674 | €10,219 | ▲ 33.2% |
| Taxes450/3 | €3,140 | €620 | - | €1,422 | €1,952 | ▲ 37.3% |
| Remuneration and social security454/9 | - | €5,069 | €5,092 | €6,252 | €8,267 | ▲ 32.2% |
| Other amounts payable47/48 | €25,000 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€250 | €1,150 | €1,173 | €20,707 | €124 | ▼ 99.4% |
| + Depreciation and write-downs630 | €26,377 | €2,083 | €2,083 | €2,083 | €3,315 | ▲ 59.1% |
| Operating cash flow (approximation) | €26,127 | €3,233 | €3,256 | €22,790 | €3,439 | ▼ 84.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€25,313 | - |
| Change in cash | - | €15,775 | -€15,638 | €39,562 | €2,061 | ▼ 94.8% |
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
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €20,707 ▲1,665%
Operating result €27,358, net result €20,707, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,150
Net result €1,150 after 4 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
31-12
Financial
Weakest financial yearnet -€58,943
Net result drops to -€58,943, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
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 11 acts read
About the unread acts
We know of 11 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
11 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, Zaventem · 1 establishment unit since 1969
Ground area
3,951 m²
Parcel 23057C0007/00P000, Flanders. Linked by address, not a title deed.
1 establishment unit
Hermesstraat 2, 1930 Zaventem
since 19692.002.496.902
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0007/00P000 | Flanders | 3,951 m² | - | - |
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 ownerChain of control
Highest known parent: COBETEC. The sources do not say who stands above it.
Owners 1
- BuhlmannparentSourceaccounts Buhlmann 202599.7%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,408. 856 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
Founded10-04-1969
Fiscal year end31-12
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
46500Wholesale of information and communication equipment
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406503046
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.