IMSELL
ActiveSummary
IMSELL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €194k and a net result of €24k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+10
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 5.63 against 3.28 in 2024; short-term debt: 8.5% and cash: 33.1% of total assets), and 8.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
91.5%
Return on assets
11.4%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
22 d late
2023
28 d late
2022
24 d late
2021
22 d late
2020
22 d early
2019
29 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€194k▲ 14.2%
2024 · €170k
2018: €92klowest in 8 years
2019: €112k▲ +21.8% vs 2018
2020: €131k▲ +16.8% vs 2019
2021: €141k▲ +7.9% vs 2020
2022: €144k▲ +2.0% vs 2021
2023: €163k▲ +13.1% vs 2022
2024: €170k▲ +4.2% vs 2023
2025: €194k▲ +14.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€212k▲ 9.5%
2024 · €194k
2018: €107klowest in 8 years
2019: €122k▲ +13.6% vs 2018
2020: €177k▲ +45.1% vs 2019
2021: €178k▲ +0.5% vs 2020
2022: €174k▼ -2.2% vs 2021
2023: €191k▲ +9.9% vs 2022
2024: €194k▲ +1.2% vs 2023
2025: €212k▲ +9.5% vs 2024highest in 8 years
2018 → 2025
Net result
€24k▲ 256%
2024 · €7k
2018: €17k
2019: €20k▲ +20.8% vs 2018
2020: €19k▼ -6.0% vs 2019
2021: €10k▼ -45.5% vs 2020
2022: €3k▼ -72.1% vs 2021lowest in 8 years
2023: €19k▲ +558% vs 2022
2024: €7k▼ -64.1% vs 2023
2025: €24k▲ +256% vs 2024highest in 8 years
2018 → 2025
Working capital
€84k▲ 54.3%
2024 · €54k
2018: €67k
2019: €76k▲ +14.9% vs 2018
2020: €66k▼ -13.2% vs 2019
2021: €77k▲ +15.3% vs 2020
2022: €74k▼ -3.0% vs 2021
2023: €96k▲ +29.7% vs 2022highest in 8 years
2024: €54k▼ -43.6% vs 2023lowest in 8 years
2025: €84k▲ +54.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€144k▲ 2.0%€163k▲ 13.1%€170k▲ 4.2%€194k▲ 14.2%
2021: €141klowest in 5 years
2022: €144k▲ +2.0% vs 2021
2023: €163k▲ +13.1% vs 2022
2024: €170k▲ +4.2% vs 2023
2025: €194k▲ +14.2% vs 2024highest in 5 years
Operating result€16k-€5k▼ 67.7%€25k▲ 398%€12k▼ 54.2%€36k▲ 205%
2021: €16k
2022: €5k▼ -67.7% vs 2021lowest in 5 years
2023: €25k▲ +398% vs 2022
2024: €12k▼ -54.2% vs 2023
2025: €36k▲ +205% vs 2024highest in 5 years
Net result€10k-€3k▼ 72.1%€19k▲ 558%€7k▼ 64.1%€24k▲ 256%
2021: €10k
2022: €3k▼ -72.1% vs 2021lowest in 5 years
2023: €19k▲ +558% vs 2022
2024: €7k▼ -64.1% vs 2023
2025: €24k▲ +256% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 205% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€110k ▼ 4.7%
Current assets
€102k ▲ 30.4%
Equity and liabilities €212k
Equity
€194k ▲ 14.2%
Debt
€18k ▼ 24.0%
Debt's share of the balance-sheet total falls from 12.3% to 8.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€57k▲
2024 · €34k
Cash flow
€45k▲
2024 · €29k
Current ratio
5.63▲
2024 · 3.28
Quick ratio
5.50▲
2024 · 3.16
Debt to equity
0.09▼
2024 · 0.14
ROE
12.4%▲
2024 · 4.0%
ROA
11.4%▲
2024 · 3.5%
Interest coverage
68.98▼
2024 · 205.00
Debt ≤ 1 year
€18k▼
2024 · €24k
Income taxes
€11k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€194k€212k▲
Fixed assets21/28€115k€110k▼
Tangible fixed assets22/27€115k€110k▼
Land and buildings22€46k€44k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€33k€25k▼
Other tangible fixed assets26€29k€35k▲
Current assets29/58€78k€102k▲
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€37k€28k▼
Trade receivables40€30k€23k▼
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€37k€70k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€194k€212k▲
Equity10/15€170k€194k▲
Contributions10/11€19k€19k=
Reserves13€37k€61k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€35k€59k▲
Profit (loss) carried forward14€114k€114k▲
Amounts payable17/49€24k€18k▼
Amounts payable within one year42/48€24k€18k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€20k€14k▼
Taxes450/3€20k€14k▼
Income statement
Code20242025
Non-recurring operating income76A-€10k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€118€374▲
Non-recurring operating charges66A€4k-
Gross operating margin9900€38k€57k▲
Operating profit (loss)9901€12k€36k▲
Financial income75/76B€650€388▼
Recurring financial income75€650€388▼
Financial charges65/66B€164€824▲
Recurring financial charges65€164€824▲
Profit (loss) for the period before taxes9903€12k€35k▲
Income taxes67/77€5k€11k▲
Profit (loss) for the period9904€7k€24k▲
Profit (loss) for the period to be appropriated9905€7k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€138k▲
Profit (loss) brought forward from the previous period14P€113k€114k▲
Transfer to equity691/2€6k€24k▲
To other reserves6921€6k€24k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €6k | €22k | €22k | €21k | ▼ 3.0% |
| Other operating charges640/8 | €146 | €239 | €184 | €118 | €374 | ▲ 217% |
| Non-recurring operating charges66A | - | - | €640 | €4k | - | - |
| Gross operating margin9900 | €38k | €12k | €49k | €38k | €57k | ▲ 51.4% |
| Operating profit (loss)9901 | €16k | €5k | €25k | €12k | €36k | ▲ 205% |
| Financial income75/76B | €510 | €449 | €476 | €650 | €388 | ▼ 40.4% |
| Recurring financial income75 | €510 | €449 | €476 | €650 | €388 | ▼ 40.4% |
| Financial charges65/66B | €556 | €426 | €309 | €164 | €824 | ▲ 403% |
| Recurring financial charges65 | €556 | €426 | €309 | €164 | €824 | ▲ 403% |
| Profit (loss) for the period before taxes9903 | €16k | €5k | €26k | €12k | €35k | ▲ 189% |
| Income taxes67/77 | €5k | €2k | €7k | €5k | €11k | ▲ 105% |
| Profit (loss) for the period9904 | €10k | €3k | €19k | €7k | €24k | ▲ 256% |
| Profit (loss) for the period to be appropriated9905 | €10k | €3k | €19k | €7k | €24k | ▲ 256% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178k | €174k | €191k | €194k | €212k | ▲ 9.5% |
| Fixed assets21/28 | €83k | €79k | €67k | €115k | €110k | ▼ 4.7% |
| Tangible fixed assets22/27 | €83k | €79k | €67k | €115k | €110k | ▼ 4.7% |
| Land and buildings22 | - | - | - | €46k | €44k | ▼ 4.6% |
| Plant, machinery and equipment23 | €7k | €5k | €10k | €7k | €6k | ▼ 9.7% |
| Furniture and vehicles24 | €63k | €63k | €47k | €33k | €25k | ▼ 24.9% |
| Other tangible fixed assets26 | €13k | €11k | €10k | €29k | €35k | ▲ 19.9% |
| Current assets29/58 | €96k | €95k | €125k | €78k | €102k | ▲ 30.4% |
| Stocks and contracts in progress3 | €7k | €11k | €11k | €3k | €2k | ▼ 19.0% |
| Stocks30/36 | €7k | €11k | €11k | €3k | €2k | ▼ 19.0% |
| Amounts receivable within one year40/41 | €49k | €28k | €35k | €37k | €28k | ▼ 25.0% |
| Trade receivables40 | €36k | €23k | €21k | €30k | €23k | ▼ 21.6% |
| Other amounts receivable41 | €13k | €5k | €14k | €7k | €4k | ▼ 39.9% |
| Cash at bank and in hand54/58 | €39k | €56k | €78k | €37k | €70k | ▲ 91.5% |
| Deferred charges and accrued income490/1 | €107 | - | - | €2k | €2k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178k | €174k | €191k | €194k | €212k | ▲ 9.5% |
| Equity10/15 | €141k | €144k | €163k | €170k | €194k | ▲ 14.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €31k | €31k | €31k | €37k | €61k | ▲ 64.9% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | €29k | €29k | €29k | €35k | €59k | ▲ 68.3% |
| Profit (loss) carried forward14 | €92k | €95k | €113k | €114k | €114k | ▲ 0.1% |
| Amounts payable17/49 | €37k | €30k | €28k | €24k | €18k | ▼ 24.0% |
| Amounts payable after more than one year17 | €18k | €9k | - | - | - | - |
| Financial debts170/4 | €18k | €9k | - | - | - | - |
| Amounts payable within one year42/48 | €19k | €21k | €28k | €24k | €18k | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €9k | - | - | - |
| Trade debts44 | €3k | €178 | €379 | €4k | €4k | ▲ 2.2% |
| Suppliers440/4 | €3k | €178 | €379 | €4k | €4k | ▲ 2.2% |
| Taxes, remuneration and social security45 | €8k | €11k | €19k | €20k | €14k | ▼ 28.9% |
| Taxes450/3 | €8k | €11k | €19k | €20k | €14k | ▼ 28.9% |
| Remuneration and social security454/9 | - | €186 | - | - | - | - |
| Other amounts payable47/48 | - | €964 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €3k | €19k | €7k | €24k | ▲ 256% |
| + Depreciation and write-downs630 | €22k | €6k | €22k | €22k | €21k | ▼ 3.0% |
| Operating cash flow (approximation) | €33k | €9k | €41k | €29k | €45k | ▲ 58.1% |
| Investment in fixed assets (approximation) | - | €-3k | €-10k | €-71k | €-16k | ▲ 77.5% |
| Change in cash | - | €17k | €22k | €-41k | €33k | ▲ 181% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €24k ▲256%
Operating result €36k, net result €24k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €150kEq €163k ▲13.1%
6 profitable years in a row build equity to €163k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €3k ▼72.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €112k ▲21.8%
2 profitable years in a row build equity to €112k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Lier · 1 establishment unit since 2012
Ground area
309 m²
Building footprint
54 m²
Parcel 12393F0237/00Z003, Flanders. Linked by address, not a title deed.
1 establishment unit
Imsell
since 20122.210.346.225
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393F0237/00Z003 | Flanders | 309 m² | 1 · 54 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,164 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
Founded20-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.