IMVARO
IMVARO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €328k and a net result of €-6k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 8073 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €328k |
| Net result | €-6k |
| Better than sector | 34% |
| Active | 40 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 37.2% | 53.8% | |
| Net result | €-6k | €46k | |
| Equity | €328k | €443k | |
| Gross operating margin | €43k | €99k | |
| Employees (FTE) | 0.0 | 0.3 |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €11k | €7k | €63k | €26k |
| Net profit | €-6k | €-9k | €157k | €4k |
| Cash flow | €10k | €7k | €173k | €20k |
| Staff costs | - | - | - | - |
| Income taxes | €3k | €2k | €16k | €6k |
| Dividends | - | - | - | - |
| Total assets | €882k | €874k | €920k | €890k |
| Equity | €328k | €334k | €343k | €598k |
| Debt | €511k | €493k | €527k | €239k |
| of which ≤ 1y | €511k | €493k | €527k | €239k |
| of which > 1y | - | - | - | - |
| Working capital | €-446k | €-453k | €-457k | €-215k |
| Employees (FTE) | 0.0 | 0.0 | - | - |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.13 | 0.08 | 0.13 | 0.10 |
| Quick ratio | 0.13 | 0.08 | 0.13 | 0.10 |
| Working capital ratio | -50.5% | -51.8% | -49.7% | -24.2% |
| Solvency | 37.2% | 38.2% | 37.2% | 67.1% |
| Debt / equity | 1.56 | 1.48 | 1.54 | 0.40 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 7.97 | 6.51 | 33.63 | 9.62 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.7% | -1.0% | 17.0% | 0.5% |
| ROE | -1.8% | -2.7% | 45.8% | 0.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €882k | €874k | €920k | €890k |
| Fixed assets | 21/28 | €817k | €834k | €850k | €866k |
| Tangible fixed assets | 22/27 | €428k | €445k | €461k | €478k |
| Financial fixed assets | 28 | €389k | €389k | €389k | €389k |
| Current assets | 29/58 | €65k | €40k | €70k | €24k |
| Amounts receivable within one year | 40/41 | €27k | €3k | €0 | €4k |
| Cash & bank | 54/58 | €38k | €37k | €70k | €20k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €882k | €874k | €920k | €890k |
| Equity | 10/15 | €328k | €334k | €343k | €598k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €473k |
| Reserves | 13 | €266k | €272k | €281k | €160k |
| Accumulated profits (losses) | 14 | - | - | €0 | €-36k |
| Provisions & deferred taxes | 16 | €44k | €47k | €50k | €53k |
| Amounts payable | 17/49 | €511k | €493k | €527k | €239k |
| Amounts payable within one year | 42/48 | €511k | €493k | €527k | €239k |
| Trade debts payable within one year | 44 | €9k | €2k | €8k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €43k | €62k | €67k | €30k |
| Operating result | 9901 | €-6k | €-10k | €46k | €9k |
| Financial income | 75 | €793 | €72 | €125k | €0 |
| Financial charges | 65 | €1k | €1k | €2k | €3k |
| Result before taxes | 9903 | €-6k | €-11k | €169k | €7k |
| Income taxes | 67/77 | €3k | €2k | €16k | €6k |
| Net result for the period | 9904 | €-6k | €-9k | €157k | €4k |
| Result to be appropriated | 9905 | €4k | €690 | €167k | €14k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 29-05-1986 |
| Status | Active |
| Postal code | 8400 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0566/00V007 | Flanders | 729 m² | 1 · 729 m² | 33.3 m · 10 fl. |
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-06-2022 Capital decrease of €411,927.80 to €61,500
- €473.427,80 → €61.500
Technical details
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"events": [
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}
],
"notary": {
"name": "Sebastiaan-Willem VERBERT",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-06-10",
"filing_date": "2022-06-08",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"act_date": "2022-06-07",
"unanimous": true,
"under_authorized_capital": true,
"underlying_resolution_date": "2022-06-07"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0429.348.526",
"name_full": "IMVARO",
"legal_form": "Naamloze vennootschap",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"afschrift van verslagschrift",
"geco\u00F6rdineerde statuten"
],
"shareholders_after": [],
"share_classes_after": []
}| Legal nameNL | IMVARO |