IMOGREEN
ActiveSummary
IMOGREEN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€57,526) and a net result of -€16,867. Equity is shrinking by ~27.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 3330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.49 against 0.7 in 2024; short-term debt: 184.2% and cash: 14% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-152.2%
Return on assets
-44.6%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€57,526
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
29 d late
2022
4 d late
2021
30 d late
2020
12 d late
2019
1 d early
← 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 19 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€73,330▲ 14.3%
2022 · €64,181
EBIT margin
16.7%▲ 9.6pp
2022 · 7.1%
Net result
-€16,867▲ 24.7%
2024 · -€22,410
Working capital
-€35,619▼ 136%
2024 · -€15,098
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting 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
Line20212022202320242025
Turnover€62,842▲ 68.0%€64,181▲ 2.1%€73,330▲ 14.3%
Operating result€2,527€4,556▲ 80.3%€12,253▲ 169%-€16,923-€11,627▲ 31.3%
Net result€266below the sector's middle half€3,734below the sector's middle half▲ 1,304%€10,654within the sector's middle half▲ 185%-€22,410below the sector's middle half-€16,867below the sector's middle half▲ 24.7%
EBIT margin4.0%▲ 110.7pp7.1%▲ 3.1pp16.7%▲ 9.6pp
Equity-€32,636below the sector's middle half▲ 7.2%-€28,902below the sector's middle half▲ 11.4%-€18,249below the sector's middle half▲ 36.9%-€40,659below the sector's middle half▼ 123%-€57,526below the sector's middle half▼ 41.5%
Total assets€138,232within the sector's middle half▲ 121%€73,668below the sector's middle half▼ 46.7%€69,591below the sector's middle half▼ 5.5%€41,720below the sector's middle half▼ 40.0%€37,791below the sector's middle half▼ 9.4%
Debt€170,868▲ 75.1%€102,570▼ 40.0%€87,839▼ 14.4%€82,379▼ 6.2%€95,317▲ 15.7%
Working capital-€35,654below the sector's middle half▲ 15.5%-€31,029below the sector's middle half▲ 13.0%-€14,348below the sector's middle half▲ 53.8%-€15,098below the sector's middle half▼ 5.2%-€35,619below the sector's middle half▼ 136%
Solvency-23.6%below the sector's middle half▲ 32.7pp-39.2%below the sector's middle half▼ 15.6pp-26.2%below the sector's middle half▲ 13.0pp-97.5%below the sector's middle half▼ 71.2pp-152.2%below the sector's middle half▼ 54.8pp
Current ratio0.79below the sector's middle half▲ 0.220.70below the sector's middle half▼ 0.090.81below the sector's middle half▲ 0.110.70below the sector's middle half▼ 0.100.49below the sector's middle half▼ 0.22
Return on assets (ROA)0.2%below the sector's middle half▲ 65.9pp5.1%within the sector's middle half▲ 4.9pp15.3%within the sector's middle half▲ 10.2pp-53.7%below the sector's middle half▼ 69.0pp-44.6%below the sector's middle half▲ 9.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,627 in 2025 against €16,923 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,791
Fixed assets
€3,803 ▼ 33.3%
Current assets
€33,988 ▼ 5.6%
Key figures and ratios
EBITDA
-€9,727▲
2024 · -€13,278
Cash flow
-€14,967▲
2024 · -€18,765
Debt to equity
-1.66▲
2024 · -2.03
Interest coverage
-1.93▲
2024 · -2.48
Debt ≤ 1 year
€69,607▲
2024 · €51,115
Debt > 1 year
€25,710▼
2024 · €31,264
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% 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 497,662 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 6,940 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 | €62,842 | €64,181 | €73,330 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €52,536 | €52,991 | €54,784 | - | €37,854 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,542 | €2,386 | €4,731 | €3,645 | €1,900 | ▼ 47.9% |
| Other operating charges640/8 | €2,237 | €4,248 | €3,212 | €2,220 | €1,875 | ▼ 15.5% |
| Non-recurring operating charges66A | - | - | - | €245 | - | - |
| Gross operating margin9900 | €10,306 | €11,190 | €20,195 | -€10,813 | -€7,852 | ▲ 27.4% |
| Operating profit (loss)9901 | €2,527 | €4,556 | €12,253 | -€16,923 | -€11,627 | ▲ 31.3% |
| Financial charges65/66B | €494 | €822 | €1,599 | €5,346 | €5,048 | ▼ 5.6% |
| Recurring financial charges65 | €494 | €822 | €1,599 | €5,346 | €5,048 | ▼ 5.6% |
| Profit (loss) for the period before taxes9903 | €2,033 | €3,734 | €10,654 | -€22,269 | -€16,675 | ▲ 25.1% |
| Transfer to deferred taxes680 | - | - | - | - | €192 | - |
| Income taxes67/77 | €1,767 | - | - | €141 | - | - |
| Profit (loss) for the period9904 | €266 | €3,734 | €10,654 | -€22,410 | -€16,867 | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €266 | €3,734 | €10,654 | -€22,410 | -€16,867 | ▲ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138,232 | €73,668 | €69,591 | €41,720 | €37,791 | ▼ 9.4% |
| Fixed assets21/28 | €3,018 | €2,127 | €9,349 | €5,703 | €3,803 | ▼ 33.3% |
| Tangible fixed assets22/27 | €3,018 | €2,127 | €9,349 | €5,703 | €3,803 | ▼ 33.3% |
| Furniture and vehicles24 | €3,018 | €2,127 | €9,349 | €5,703 | €3,803 | ▼ 33.3% |
| Current assets29/58 | €135,214 | €71,541 | €60,242 | €36,017 | €33,988 | ▼ 5.6% |
| Amounts receivable within one year40/41 | €35,837 | €13,165 | €60,073 | €12,651 | €28,488 | ▲ 125% |
| Trade receivables40 | €34,537 | €11,865 | €55,980 | €12,000 | - | - |
| Other amounts receivable41 | €1,300 | €1,300 | €4,093 | €651 | €28,488 | ▲ 4,276% |
| Current investments50/53 | €44,261 | €8,938 | €105 | €106 | - | - |
| Cash at bank and in hand54/58 | €55,116 | €47,439 | €64 | €23,260 | €5,291 | ▼ 77.3% |
| Deferred charges and accrued income490/1 | - | €1,999 | - | - | €209 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138,232 | €73,668 | €69,591 | €41,720 | €37,791 | ▼ 9.4% |
| Equity10/15 | -€32,636 | -€28,902 | -€18,249 | -€40,659 | -€57,526 | ▼ 41.5% |
| Contributions10/11 | €13,450 | €13,450 | €13,450 | €13,450 | €13,450 | = |
| Outside capital11 | - | - | - | - | €13,450 | - |
| Other1109/19 | - | - | - | - | €13,450 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | - | €0 | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€47,946 | -€44,212 | -€33,559 | -€55,969 | -€72,836 | ▼ 30.1% |
| Amounts payable17/49 | €170,868 | €102,570 | €87,839 | €82,379 | €95,317 | ▲ 15.7% |
| Amounts payable after more than one year17 | - | - | - | €31,264 | €25,710 | ▼ 17.8% |
| Financial debts170/4 | - | - | - | €31,264 | €25,710 | ▼ 17.8% |
| Amounts payable within one year42/48 | €170,868 | €102,570 | €74,590 | €51,115 | €69,607 | ▲ 36.2% |
| Financial debts43 | - | - | €68,456 | €22,144 | - | - |
| Credit institutions430/8 | - | - | €68,456 | €22,144 | - | - |
| Trade debts44 | €848 | €8,194 | €6,134 | €835 | €1,114 | ▲ 33.4% |
| Suppliers440/4 | €848 | €8,194 | €6,134 | €835 | €1,114 | ▲ 33.4% |
| Taxes, remuneration and social security45 | €4,231 | €444 | - | - | - | - |
| Taxes450/3 | €4,231 | €444 | - | - | - | - |
| Other amounts payable47/48 | €165,789 | €93,932 | - | €28,136 | €68,493 | ▲ 143% |
| Accrued charges and deferred income492/3 | - | - | €13,250 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €266 | €3,734 | €10,654 | -€22,410 | -€16,867 | ▲ 24.7% |
| + Depreciation and write-downs630 | €5,542 | €2,386 | €4,731 | €3,645 | €1,900 | ▼ 47.9% |
| Operating cash flow (approximation) | €5,808 | €6,120 | €15,384 | -€18,765 | -€14,967 | ▲ 20.2% |
| Investment in fixed assets (approximation) | - | -€1,495 | -€11,952 | €1 | €0 | ▼ 100% |
| Change in cash | - | -€7,677 | -€47,375 | €23,196 | -€17,969 | ▼ 177% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
18-08
State Gazette act
Registered officeShareholding · Registered-office move · Director in office4 facts ▸
State Gazette act
Registered office
Shareholding · Registered-office move · Director in office4 facts ▸
- General meeting, 03-08-2026
- Shareholding, 03-08-2026
- Registered-office move, 7521 Chercq, rue Louis Chevalier, 36/Bte 14
- Director in office, Florence dutillieux (manager)
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €10,654 ▲185%
Operating result €12,253, net result €10,654, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €266
Net result €266 after 3 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
31-12
Financial
Weakest financial yearnet -€41,007
Net result drops to -€41,007, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 46 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2009
Ground area
972 m²
Building footprint
191 m²
Volume, LiDAR
1,651 m³
2 parcels, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IMOGREEN
since 20092.185.066.639
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57021A0153/00B000 | Wallonia | 614 m² | 1 · 118 m² | 12.8 m · 4 fl. |
| 56039A0148/00R000 | Wallonia | 358 m² | 1 · 73 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-08-2026 ↗
- Florence dutillieux all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 2,771 companies in sector 69109 we hold annual accounts for 1,209. 136 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
Founded14-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
69109Other legal services
68121Development of residential building projects
68122Development of non-residential building projects
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817106224
Also
9925:BE0817106224
Registered
27-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.