IMOCOR
ActiveSummary
IMOCOR has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €441,564 and a net result of €27,283. Equity has been growing by about 3.5% per year since 2018. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-02-1993 Normal situation
- Activity
- “Onderneming in onroerende goederen,welke onder meer omvat: de verwerving,de vervreemding,het beheer,de uitbating,de valorisatie,de verkaveling,de…” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.061.289.887 2440 Geel, since 18-03-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 20-10-2025
Board and ownership
- CORNELIS WimDirector · since 06-06-2023
- BOX 4371.28%2025 annual accounts of BOX 43
- Wim Cornelisannual accounts 2022
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €77,503
- ▼ 7.1%
- Turnover
- ≈ €210,000
- estimated
- Profit
- €27,283
- ▼ 15.9%
- Equity
- €441,564
- ▲ 6.6%
- Total assets
- €466,008
- ▲ 7.5%
Score breakdownlowers riskSize: total assets €466,008Equity €441,564 (94.8% of total assets)Founded in 1993Liquidity: current ratio 16.15, cash €58,353Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 62% on liquidity, 58% on profitability and 63% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 33 filings
Every figure per financial year
The operating result for 2025 is 20% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €52,265 | - | - | - | - |
| Mortgages, amount registered | €440,000 | - | - | - | - |
| Carrying value of the mortgaged assets | €101,959 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €12,336 |
| Depreciation and write-downs of the year | €27,313 | €27,313 | €27,313 | €27,403 | €29,165 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,313 | €27,313 | €27,313 | €27,313 | €27,313 | €27,313 | €27,403 | €29,165 | ▲ 6.4% |
| Other operating charges640/8 | - | - | - | €13,292 | €12,828 | €14,259 | €14,620 | €14,990 | ▲ 2.5% |
| Gross operating margin9900 | €83,451 | €55,974 | €56,654 | €55,408 | €65,775 | €76,979 | €83,463 | €77,503 | ▼ 7.1% |
| Operating profit (loss)9901 | €44,734 | €17,030 | €16,810 | €14,802 | €25,634 | €35,408 | €41,440 | €33,348 | ▼ 19.5% |
| Financial income75/76B | - | - | - | - | - | €1,818 | €2,674 | €3,539 | ▲ 32.4% |
| Recurring financial income75 | €0 | €0 | - | - | - | €1,818 | €2,674 | €3,539 | ▲ 32.4% |
| Financial charges65/66B | - | - | - | €3,495 | €1,710 | €189 | €466 | €104 | ▼ 77.6% |
| Recurring financial charges65 | €8,453 | €6,877 | €5,226 | €3,495 | €1,710 | €189 | €466 | €104 | ▼ 77.6% |
| Profit (loss) for the period before taxes9903 | €36,282 | €10,153 | €11,584 | €11,307 | €23,924 | €37,036 | €43,648 | €36,783 | ▼ 15.7% |
| Income taxes67/77 | €11,577 | €1,504 | €2,900 | €3,643 | €6,500 | €9,172 | €11,218 | €9,500 | ▼ 15.3% |
| Profit (loss) for the period9904 | €24,705 | €8,648 | €8,684 | €7,665 | €17,424 | €27,864 | €32,430 | €27,283 | ▼ 15.9% |
| Profit (loss) for the period to be appropriated9905 | €24,705 | €8,648 | €8,684 | €7,665 | €17,424 | €27,864 | €32,430 | €27,283 | ▼ 15.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €531,837 | €499,842 | €452,811 | €432,339 | €404,105 | €421,759 | €433,321 | €466,008 | ▲ 7.5% |
| Fixed assets21/28 | €405,946 | €378,633 | €351,320 | €324,007 | €296,693 | €269,380 | €241,977 | €225,148 | ▼ 7.0% |
| Tangible fixed assets22/27 | €405,946 | €378,633 | €351,320 | €324,007 | €296,693 | €269,380 | €241,977 | €225,148 | ▼ 7.0% |
| Land and buildings22 | - | - | - | €324,007 | €296,693 | €269,380 | €241,977 | €225,148 | ▼ 7.0% |
| Current assets29/58 | €125,891 | €121,209 | €101,491 | €108,332 | €107,412 | €152,379 | €191,343 | €240,861 | ▲ 25.9% |
| Amounts receivable within one year40/41 | - | €667 | €767 | €74,296 | €107,296 | €93,114 | €176,968 | €181,007 | ▲ 2.3% |
| Other amounts receivable41 | - | - | - | €74,296 | €107,296 | €93,114 | €176,968 | €181,007 | ▲ 2.3% |
| Cash at bank and in hand54/58 | €125,140 | €104,611 | €99,420 | €32,787 | €115 | €57,413 | €12,781 | €58,353 | ▲ 357% |
| Deferred charges and accrued income490/1 | - | - | - | €1,249 | €0 | €1,853 | €1,594 | €1,500 | ▼ 5.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €531,837 | €499,842 | €452,811 | €432,339 | €404,105 | €421,759 | €433,321 | €466,008 | ▲ 7.5% |
| Equity10/15 | €336,567 | €345,215 | €353,899 | €361,564 | €378,987 | €381,852 | €414,281 | €441,564 | ▲ 6.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €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 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €268,367 | €277,015 | €285,699 | €293,364 | €310,787 | €313,652 | €346,081 | €373,364 | ▲ 7.9% |
| Amounts payable17/49 | €195,271 | €154,627 | €98,911 | €70,775 | €25,118 | €39,908 | €19,039 | €24,444 | ▲ 28.4% |
| Amounts payable after more than one year17 | €124,757 | €89,364 | €52,265 | €13,375 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €13,375 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €62,963 | €57,570 | €38,881 | €49,546 | €16,578 | €30,940 | €9,731 | €14,916 | ▲ 53.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €38,889 | €13,375 | - | - | - | - |
| Trade debts44 | €6,078 | €7,674 | €47 | €4,953 | €0 | €1,637 | €317 | €8,973 | ▲ 28× |
| Suppliers440/4 | - | - | - | €4,953 | €0 | €1,637 | €317 | €8,973 | ▲ 28× |
| Taxes, remuneration and social security45 | - | - | - | €3,415 | €3,000 | €4,109 | €1,749 | €440 | ▼ 74.8% |
| Taxes450/3 | - | - | - | €3,415 | €3,000 | €4,109 | €1,749 | €440 | ▼ 74.8% |
| Other amounts payable47/48 | - | - | - | €2,288 | €203 | €25,194 | €7,665 | €5,503 | ▼ 28.2% |
| Accrued charges and deferred income492/3 | - | - | - | €7,854 | €8,539 | €8,968 | €9,308 | €9,529 | ▲ 2.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,705 | €8,648 | €8,684 | €7,665 | €17,424 | €27,864 | €32,430 | €27,283 | ▼ 15.9% |
| + Depreciation and write-downs630 | €27,313 | €27,313 | €27,313 | €27,313 | €27,313 | €27,313 | €27,403 | €29,165 | ▲ 6.4% |
| Operating cash flow (approximation) | €52,018 | €35,962 | €35,997 | €34,978 | €44,737 | €55,178 | €59,833 | €56,448 | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | -€12,336 | - |
| Change in cash | - | -€20,529 | -€5,192 | -€66,633 | -€32,671 | €57,297 | -€44,632 | €45,572 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as IMOCOR has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of IMOCOR itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for IMOCOR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00291892 | |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00131705 | |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00180447 | |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00236376 | |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20079627 | |
| 31-12-2020 | abbreviated format | 17-06-2021 | 2021-20900004 | |
| 31-12-2019 | abbreviated format | 02-07-2020 | 2020-25000522 | |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-24500500 | |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-17100360 | |
| 31-12-2016 | abbreviated format | 08-06-2017 | 2017-16500211 |
Board & ownership
Directors
Owners and capital
Shareholders
2 ownersChain of control
- BOX 43
- IMOCOR
Owners 2
- BOX 43parentSourceaccounts BOX 43 2025Equity €2.7m Loss of €5,156 in 2025 (profit of €46,500 in 2024)71.28%
- Wim Cornelisnatural personSourceown accounts 2022share not stated
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CORNELIS Wim |
|
| LATAIRE Mieke |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “3, regels van toepassing bij monistisch bestuursmodel”
Articles of association, deed of 21-06-2023 (in Dutch)
Network & group
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of IMOCOR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
21-06
Gazette deed
Change of role: CORNELIS Wim, from director to sole directorResignation: LATAIRE Mieke (director) · Permanent representative: CORNELIS Wim · Amendment of the articles7 points ▸
- General meeting, “RPR Antwerpen,afdeling Turnhout, 2440 Geel,Oudepostelseweg 5” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Registered office clause, “2440 Geel, Oudepostelseweg 5, vergadering” (deed in Dutch)
- Director resignation, LATAIRE Mieke (director)
- Director resignation, CORNELIS Wim (director)
- Director appointment, CORNELIS Wim (sole director)
- Permanent representative, CORNELIS Wim
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
9 activities
- Onderneming in onroerende goederen,welke onder meer omvat: de verwerving,de vervreemding,het beheer,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en verbouwen,de procuratie
- Tussenhandel,de makelarij evenals welkdanige onroerende verhandeling in de meest ruime zin,met inbegrip van onroerende leasing
- De participatie,onder welke vorm het ook zij,in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere; de verwerving van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop,aankoop-optie,verhandeling of op iedere andere wijze
- De vennootschap mag zich borgstellen en onroerende goederen in pand geven of hypothekeren voor verbintenissen door derde personen aangegaan. Zij mag eveneens al haar goederen,met inbegrip van het handelsfonds,in pand geven en aval verlenen in het voordeel van derden
- Het verlenen aan ondernemingen waarin zij deelneemt,al dan niet bezoldigd,van alle bijstand,hetzij technisch,commercieel,administratief of op het vlak van algemeen beheer,hetzij financieel,met inbegrip voor de borgstelling,avalgeving en inpandgeving van onroerende goederen.
- De vennootschap kan om haar voorwerp te verwezenlijken alle eigendommen,zowel roerende als onroerende,alle industriële inrichtingen en installaties aankopen,overnemen,uitbaten of afstaan,opbouwen,verhuren,verkopen of omwisselen.
- Zij kan door middel van inbreng,samensmelting,inschrijving of op alle andere wijzen,zich interesseren in alle ondernemingen,vennootschappen,deelnemingen en / of associaties waarvan het voorwerp hetzelfde,gelijkaardig,aanverwant of enkel nuttig zou zijn voor de verwezenlijking van haar voorwerp en verder in alle industriële,commerciële,financiële roerende of onroerende verrichtingen die zich bij dit voorwerp aansluiten of de uitbreiding ervan kunnen bevorderen.
- De vennootschap mag haar voorwerp verwezenlijken zo in België als in het buitenland,op alle wijzen en manieren die zij het best geschikt zou achten.
- De vennootschap mag alle handelingen verrichten van burgerlijke als commerciële aard,roerende en onroerende,industriële of financiële aard,welke rechtstreeks of onrechtstreeks,geheel of gedeeltelijk in verband staan met het voorwerp.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13372A0951/00M025 | Flanders | 1,856 m² | 1 · 250 m² | 17.0 m · 1 |