IRMACO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-05-2024, 76 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
76 d early
2022
84 d early
2021
88 d early
2020
80 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 77 days before 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)
Financials · fiscal year 2023, full schema
Turnover
€0▼ 100%
2021 · €30,000
EBIT margin
90.1%▲ 6.6pp
2020 · 83.5%
Net result
-€4,805
2022 · €1.0m
Working capital
-€12,653▼ 61.2%
2022 · -€7,848
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
Line20192020202120222023
Turnover€30,000=€30,000=€30,000=€0▼ 100%
Operating result€25,058▲ 0.3%€25,037▼ 0.1%€27,029▲ 8.0%-€28,995-€4,380▲ 84.9%
Net result€215,239▼ 2.3%€16,558▼ 92.3%€318,378▲ 1,823%€1.0m▲ 221%-€4,805
EBIT margin83.5%▲ 0.3pp83.5%▼ 0.1pp90.1%▲ 6.6pp
Equity€7.1m▲ 3.1%€7.1m▲ 0.2%€7.4m▲ 4.5%€7.4m▼ 0.4%€7.4m▼ 0.1%
Total assets€7.6m▲ 0.7%€7.4m▼ 2.0%€7.6m▲ 2.0%€7.4m▼ 2.4%€7.4m▼ 0.1%
Debt€511,896▼ 24.1%€342,311▼ 33.1%€169,616▼ 50.4%€21,012▼ 87.6%€21,500▲ 2.3%
Working capital€20,512-€129,598€21,321-€7,848-€12,653▼ 61.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,380 in 2023 against €28,995 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7.4m
Fixed assets
€7.4m =
Current assets
€8,847 ▼ 32.8%
Equity and liabilities €7.4m
Equity
€7.4m ▼ 0.1%
Debt
€21,500 ▲ 2.3%
Debt's share of the balance-sheet total stays at 0.3%.
Key figures and ratios
Current ratio
0.41▼
2022 · 0.63
Debt to equity
0.00▲
2022 · 0.00
ROE
-0.1%▼
2022 · 13.9%
ROA
-0.1%▼
2022 · 13.8%
Debt ≤ 1 year
€21,500▲
2022 · €21,012
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €30,000 | €0 | - | - |
| Turnover70 | €30,000 | €30,000 | €30,000 | €0 | - | - |
| Operating charges60/66A | - | - | €2,971 | €28,995 | €4,380 | ▼ 84.9% |
| Services and other goods61 | - | - | €1,555 | €27,560 | €2,576 | ▼ 90.7% |
| Other operating charges640/8 | - | - | €1,416 | €1,435 | €1,804 | ▲ 25.7% |
| Operating profit (loss)9901 | €25,058 | €25,037 | €27,029 | -€28,995 | -€4,380 | ▲ 84.9% |
| Financial income75/76B | - | - | €300,000 | €1.1m | €0 | ▼ 100% |
| Recurring financial income75 | €201,293 | €715 | €300,000 | €1.1m | €0 | ▼ 100% |
| Income from financial fixed assets750 | - | - | €300,000 | €1.1m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | €2,412 | €173 | €426 | ▲ 146% |
| Recurring financial charges65 | €4,697 | €3,540 | €2,412 | €173 | €426 | ▲ 146% |
| Debt charges650 | €4,417 | €3,260 | €2,068 | €0 | - | - |
| Other financial charges652/9 | - | - | €344 | €173 | €426 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €221,653 | €22,212 | €324,618 | €1.0m | -€4,805 | ▼ 100% |
| Income taxes67/77 | €6,414 | €5,655 | €6,240 | €0 | - | - |
| Taxes670/3 | - | - | €6,240 | €0 | - | - |
| Profit (loss) for the period9904 | €215,239 | €16,558 | €318,378 | €1.0m | -€4,805 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €215,239 | €16,558 | €318,378 | €1.0m | -€4,805 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.6m | €7.4m | €7.6m | €7.4m | €7.4m | ▼ 0.1% |
| Fixed assets21/28 | €7.4m | €7.4m | €7.4m | €7.4m | €7.4m | = |
| Financial fixed assets28 | €7.4m | €7.4m | €7.4m | €7.4m | €7.4m | = |
| Affiliated companies280/1 | - | - | €7.4m | €7.4m | €7.4m | = |
| Participating interests280 | - | - | €7.4m | €7.4m | €7.4m | = |
| Current assets29/58 | €199,074 | €46,047 | €190,937 | €13,165 | €8,847 | ▼ 32.8% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | - |
| Amounts receivable within one year40/41 | €135,000 | - | €7 | €10,952 | €637 | ▼ 94.2% |
| Trade receivables40 | - | - | - | €175 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €7 | €10,777 | €637 | ▼ 94.1% |
| Cash at bank and in hand54/58 | €64,040 | €46,047 | €190,930 | €2,212 | €8,210 | ▲ 271% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.6m | €7.4m | €7.6m | €7.4m | €7.4m | ▼ 0.1% |
| Equity10/15 | €7.1m | €7.1m | €7.4m | €7.4m | €7.4m | ▼ 0.1% |
| Contributions10/11 | €3.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Capital10 | - | - | €3.1m | €3.1m | €3.1m | = |
| Issued capital100 | - | - | €3.1m | €3.1m | €3.1m | = |
| Reserves13 | €200,903 | €201,731 | €217,650 | €268,692 | €268,692 | = |
| Non-distributable reserves130/1 | - | - | €217,650 | €268,692 | €268,692 | = |
| Legal reserve130 | - | - | €217,650 | €268,692 | €268,692 | = |
| Profit (loss) carried forward14 | €3.8m | €3.8m | €4.1m | €4.0m | €4.0m | ▼ 0.1% |
| Amounts payable17/49 | €511,896 | €342,311 | €169,616 | €21,012 | €21,500 | ▲ 2.3% |
| Amounts payable after more than one year17 | €333,333 | €166,667 | - | - | - | - |
| Amounts payable within one year42/48 | €178,563 | €175,644 | €169,616 | €21,012 | €21,500 | ▲ 2.3% |
| Current portion of amounts payable after more than one year42 | - | - | €166,667 | €0 | - | - |
| Trade debts44 | - | €2,368 | €1,555 | €21,012 | €1,500 | ▼ 92.9% |
| Suppliers440/4 | - | - | €1,555 | €21,012 | €1,500 | ▼ 92.9% |
| Taxes, remuneration and social security45 | - | - | €1,394 | €0 | - | - |
| Taxes450/3 | - | - | €1,394 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | - | €20,000 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €215,239 | €16,558 | €318,378 | €1.0m | -€4,805 | ▼ 100% |
| Operating cash flow (approximation) | €215,239 | €16,558 | €318,378 | €1.0m | -€4,805 | ▼ 100% |
| Investment in fixed assets (approximation) | - | €0 | -€793 | €0 | €0 | - |
| Change in cash | - | -€17,994 | €144,883 | -€188,718 | €5,997 | ▲ 103% |
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
2024
16-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€4,805
Net result drops to -€4,805, the lowest in the series.
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €1.0m ▲221%
Net result €1.0m, the highest in the series.
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.13
Current ratio from 0.26 to 1.13; short-term debt falls from €175,644 to €169,616.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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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Structure & network
Owners and holdings
1 holding · 5 subsidiaries in the treeOwners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 1
-
100%
All subsidiaries, including indirect ones 5
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ISMA 100%4 subsidiaries
- IExT 100%
STUVEX INTERNATIONAL 100%2 subsidiaries
- Stuvex France SARLFR 100%
- Stuvex Safety Systems LimitedGB 100%
According to the 2023 annual accounts of IRMACO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.