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IMOGEN

Active
Public limited companyfounded 199431 yrs activeBurgstraat 9, 9000 Gent, BelgiumKBO/BCE: BE 0453.784.311
Summary

IMOGEN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €781,716 and a net result of €117,909. Equity is growing by ~16.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+13
Solvency87▼-7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.86 against 5.8 in 2023; short-term debt: 7.2% and cash: 17.1% of total assets), and 37.5% 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
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
62.5%
Return on assets
9.4%
Age of the figures
21 mo
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 08-12-2025, 130 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
130 d late
2023
56 d late
2022
90 d late
2021
31 d late
2020
88 d late
2019
135 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 88 days after 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 5 November 1994, IMOGEN was incorporated.1 Total assets went from EUR 636,205 in 2018 to EUR 1.3 million in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€781,716▲ 17.8%
2023 · €663,807
Total assets
€1.3m▲ 30.0%
2023 · €962,518
Net result
€117,909
2023 · -€5,055
Working capital
€167,158▼ 70.7%
2023 · €569,959
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
Line20202021202220232024
Operating result€34,486▼ 46.7%€129,540▲ 276%€136,367▲ 5.3%€60,331▼ 55.8%€179,619▲ 198%
Net result€18,858▼ 50.5%€129,470▲ 587%€109,888▼ 15.1%-€5,055€117,909
Equity€387,670▲ 5.1%€517,139▲ 33.4%€668,862▲ 29.3%€663,807▼ 0.8%€781,716▲ 17.8%
Total assets€774,007▲ 13.6%€901,591▲ 16.5%€998,754▲ 10.8%€962,518▼ 3.6%€1.3m▲ 30.0%
Debt€286,337▼ 8.3%€284,451▼ 0.7%€329,892▲ 16.0%€298,711▼ 9.5%€469,636▲ 57.2%
Working capital€389,777▲ 57.8%€475,612▲ 22.0%€553,734▲ 16.4%€569,959▲ 2.9%€167,158▼ 70.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000€200,000Operating result 2020: €34,486€34,486Net result 2020: €18,858€18,858Operating result 2021: €129,540€129,540Net result 2021: €129,470€129,470Operating result 2022: €136,367€136,367Net result 2022: €109,888€109,888Operating result 2023: €60,331€60,331Net result 2023: -€5,055-€5,055Operating result 2024: €179,619€179,619Net result 2024: €117,909€117,90920202021202220232024-€50,000€0€50,000€100,000€150,000€200,000Operating result 2022: €136,367€136,000Net result 2022: €109,888€110,000Operating result 2023: €60,331€60,300Net result 2023: -€5,055-€5,060Operating result 2024: €179,619€180,000Net result 2024: €117,909€118,000202220232024
The operating result recovers in 2024; 2024 is 198% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets €994,562 ▲ 263%
Current assets €256,789 ▼ 62.7%
Equity and liabilities €1.3m
Equity €781,716 ▲ 17.8%
Debt €469,636 ▲ 57.2%
Debt's share of the balance-sheet total rises from 31.0% to 37.5%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€220,643▲
2023 · €84,023
Cash flow
€158,933▲
2023 · €18,637
Current ratio
2.86▼
2023 · 5.80
Debt to equity
0.60▲
2023 · 0.45
ROE
15.1%▲
2023 · -0.8%
ROA
9.4%▲
2023 · -0.5%
Interest coverage
15.16▼
2023 · 635.53
Debt ≤ 1 year
€89,631▼
2023 · €118,707
Debt > 1 year
€379,973▲
2023 · €179,973
Income taxes
€47,479▼
2023 · €65,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95% still going

For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 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 20,082 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 47 lines
Balance sheet Code20232024
Assets
Total assets20/58€962,518€1.3m▲
Fixed assets21/28€273,852€994,562▲
Tangible fixed assets22/27€273,827€994,537▲
Land and buildings22€220,068€940,343▲
Plant, machinery and equipment23€13,320€9,749▼
Furniture and vehicles24€40,439€44,446▲
Financial fixed assets28€25€25=
Current assets29/58€688,666€256,789▼
Amounts receivable within one year40/41€84,734€41,687▼
Trade receivables40€75,750€2,232▼
Other amounts receivable41€8,984€39,454▲
Cash at bank and in hand54/58€600,485€213,685▼
Deferred charges and accrued income490/1€3,447€1,418▼
Equity and liabilities
Total equity and liabilities10/49€962,518€1.3m▲
Equity10/15€663,807€781,716▲
Contributions10/11€62,011€62,011=
Capital10€62,011€62,011=
Issued capital100€62,011€62,011=
Reserves13€187,387€187,387=
Tax-exempt reserves132€34,756€19,523▼
Distributable reserves133€152,631€167,864▲
Profit (loss) carried forward14€414,410€532,318▲
Amounts payable17/49€298,711€469,636▲
Amounts payable after more than one year17€179,973€379,973▲
Financial debts170/4€179,973€379,973▲
Amounts payable within one year42/48€118,707€89,631▼
Trade debts44€2,954€4,587▲
Suppliers440/4€2,954€4,587▲
Taxes, remuneration and social security45€71,883€63,864▼
Taxes450/3€71,883€63,864▼
Other amounts payable47/48€43,870€21,180▼
Accrued charges and deferred income492/3€31€32▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23,692€41,024▲
Other operating charges640/8€97,330€7,642▼
Non-recurring operating charges66A-€7,437
Gross operating margin9900€181,353€235,722▲
Operating profit (loss)9901€60,331€179,619▲
Financial income75/76B€12€325▲
Recurring financial income75€12€325▲
Financial charges65/66B€132€14,556▲
Recurring financial charges65€132€14,556▲
Profit (loss) for the period before taxes9903€60,211€165,387▲
Income taxes67/77€65,266€47,479▼
Profit (loss) for the period9904-€5,055€117,909▲
Profit (loss) for the period to be appropriated9905-€5,055€117,909▲
Appropriation of the result
Profit (loss) to be appropriated9906€414,410€532,318▲
Profit (loss) brought forward from the previous period14P€419,465€414,410▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24,277€1,913€20,536€23,692€41,024▲ 73.2%
Other operating charges640/8-€7,990€5,410€97,330€7,642▼ 92.1%
Non-recurring operating charges66A----€7,437-
Gross operating margin9900€164,735€139,443€162,313€181,353€235,722▲ 30.0%
Operating profit (loss)9901€34,486€129,540€136,367€60,331€179,619▲ 198%
Financial income75/76B-€11-€12€325▲ 2,607%
Recurring financial income75-€11-€12€325▲ 2,607%
Financial charges65/66B-€82€337€132€14,556▲ 10,910%
Recurring financial charges65€8,155€82€337€132€14,556▲ 10,910%
Profit (loss) for the period before taxes9903€26,331€129,470€136,029€60,211€165,387▲ 175%
Income taxes67/77€7,473-€26,141€65,266€47,479▼ 27.3%
Profit (loss) for the period9904€18,858€129,470€109,888-€5,055€117,909▲ 2,432%
Profit (loss) for the period to be appropriated9905€18,858€129,470€109,888-€5,055€117,909▲ 2,432%
Line20202021202220232024Change
Assets
Total assets20/58€774,007€901,591€998,754€962,518€1.3m▲ 30.0%
Fixed assets21/28€277,865€321,500€295,101€273,852€994,562▲ 263%
Tangible fixed assets22/27€277,840€321,475€295,076€273,827€994,537▲ 263%
Land and buildings22-€278,311€237,039€220,068€940,343▲ 327%
Plant, machinery and equipment23-€3,622€17,370€13,320€9,749▼ 26.8%
Furniture and vehicles24-€39,541€40,667€40,439€44,446▲ 9.9%
Financial fixed assets28€25€25€25€25€25=
Current assets29/58€496,141€580,091€703,653€688,666€256,789▼ 62.7%
Amounts receivable within one year40/41€7,118€33,818€17,001€84,734€41,687▼ 50.8%
Trade receivables40-€28,482€320€75,750€2,232▼ 97.1%
Other amounts receivable41-€5,336€16,681€8,984€39,454▲ 339%
Cash at bank and in hand54/58€488,871€545,018€686,652€600,485€213,685▼ 64.4%
Deferred charges and accrued income490/1-€1,255-€3,447€1,418▼ 58.9%
Equity and liabilities
Total equity and liabilities10/49€774,007€901,591€998,754€962,518€1.3m▲ 30.0%
Equity10/15€387,670€517,139€668,862€663,807€781,716▲ 17.8%
Contributions10/11€62,011€62,011€62,011€62,011€62,011=
Capital10-€62,011€62,011€62,011€62,011=
Issued capital100-€62,011€62,011€62,011€62,011=
Reserves13€87,387€87,387€187,387€187,387€187,387=
Tax-exempt reserves132-€34,756€34,756€34,756€19,523▼ 43.8%
Distributable reserves133-€52,631€152,631€152,631€167,864▲ 10.0%
Profit (loss) carried forward14€238,272€367,742€419,465€414,410€532,318▲ 28.5%
Provisions and deferred taxes16€100,000€100,000----
Provisions for liabilities and charges160/5-€100,000----
Major repairs and maintenance162-€100,000----
Amounts payable17/49€286,337€284,451€329,892€298,711€469,636▲ 57.2%
Amounts payable after more than one year17€179,973€179,973€179,973€179,973€379,973▲ 111%
Financial debts170/4-€179,973€179,973€179,973€379,973▲ 111%
Amounts payable within one year42/48€106,364€104,479€149,919€118,707€89,631▼ 24.5%
Trade debts44€8,606€13,941€11,233€2,954€4,587▲ 55.3%
Suppliers440/4-€13,941€11,233€2,954€4,587▲ 55.3%
Taxes, remuneration and social security45--€41,466€71,883€63,864▼ 11.2%
Taxes450/3--€41,466€71,883€63,864▼ 11.2%
Other amounts payable47/48-€90,538€97,221€43,870€21,180▼ 51.7%
Accrued charges and deferred income492/3---€31€32▲ 3.7%
Line20202021202220232024Change
Profit (loss) for the period9904€18,858€129,470€109,888-€5,055€117,909▲ 2,432%
+ Depreciation and write-downs630€24,277€1,913€20,536€23,692€41,024▲ 73.2%
Operating cash flow (approximation)€43,135€131,382€130,425€18,637€158,933▲ 753%
Investment in fixed assets (approximation)--€45,547€5,863-€2,443-€761,735▼ 31,080%
Change in cash-€56,147€141,634-€86,167-€386,800▼ 349%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2025
08-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 130 days late
2024
31-12
Financial Back to profitnet €117,909
Net result €117,909 after one loss-making year.
25-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
31-12
Financial Weakest financial yearnet -€5,055
Net result drops to -€5,055, the lowest in the series; recovery starts the following year.
29-10
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 90 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial Highest result since 2018net €129,470 ▲587%
Net result €129,470, the highest in the series.
31-12
Financial Equity above €500,000Eq €517,139 ▲33.4%
4 profitable years in a row build equity to €517,139.
27-10
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
13-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 135 days late
2019
31-12
Financial Liquidity triplescurrent ratio 2.87
Current ratio from 1.02 to 2.87; short-term debt falls from €305,496 to €132,397.
14-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
Show earlier events
2018
30-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 152 days late
2017
28-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
26-10
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 87 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Gent
exact location from the address register On OpenStreetMap
Ground area
1,420 m²
Building footprint
258 m²
Volume, LiDAR
3,751 m³
Parcel 44815F3055/00H000, Flanders · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44815F3055/00H000
ProtectedMonument · Townscape or village viewHerenhuis in second-empirestijlSource ↗
Flanders 1,420 m² 1 · 258 m² 18.9 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Identification & contact

Identification
Legal formPublic limited company
Founded05-11-1994
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.