Limago
ActiveSummary
Limago is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €787,130 and a net result of -€209,945. Equity is shrinking by ~23.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 38% of 6155 sector peers (fiscal year 2024). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
27 d early
2022
46 d early
2021
30 d early
2020
36 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€787,130
2023 · -€65,924
Net result
-€209,945▼ 26.8%
2023 · -€165,593
Total assets
€2.0m▲ 52.0%
2023 · €1.3m
Solvency
39.3%▲ 44.3pp
2023 · -5.0%
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-€22,217▲ 44.6%-€47,776▼ 115%-€43,633▲ 8.7%-€126,139▼ 189%-€146,569▼ 16.2%
Net result-€34,351▲ 33.2%-€59,476▼ 73.1%-€54,775▲ 7.9%-€165,593▼ 202%-€209,945▼ 26.8%
Equity€213,919▼ 13.8%€154,444▼ 27.8%€99,668▼ 35.5%-€65,924€787,130
Total assets€1.4m▼ 2.3%€1.3m▼ 10.3%€1.3m▼ 0.1%€1.3m▲ 3.7%€2.0m▲ 52.0%
Debt€1.2m▲ 0.1%€1.1m▼ 7.2%€1.2m▲ 4.9%€1.4m▲ 18.2%€1.2m▼ 12.1%
Working capital-€1.1m▲ 6.3%-€1.0m▲ 4.4%-€1.1m▼ 8.9%-€1.4m▼ 18.7%-€1.2m▲ 11.4%
Solvency15.1%▼ 2.0pp12.2%▼ 2.9pp7.9%▼ 4.3pp-5.0%▼ 12.9pp39.3%▲ 44.3pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €146,569 in 2024 against €126,139 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€2.0m ▲ 54.2%
Current assets
€9,595 ▼ 60.4%
Equity and liabilities €2.0m
Equity
€787,130
Debt
€1.2m
Debt finances 60.7% of the balance-sheet total.
Key figures and ratios
ROE
-26.7%
ROA
-10.5%▲
2023 · -12.6%
Debt ≤ 1 year
€1.2m▼
2023 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €15,873 | €18,836 | €46,107 | ▲ 145% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €108,107 | €108,107 | €84,460 | €98,588 | €132,232 | ▲ 34.1% |
| Other operating charges640/8 | - | €13,479 | €14,634 | €15,114 | €15,943 | ▲ 5.5% |
| Gross operating margin9900 | €98,407 | €73,810 | €55,461 | -€12,438 | €1,606 | ▲ 113% |
| Operating profit (loss)9901 | -€22,217 | -€47,776 | -€43,633 | -€126,139 | -€146,569 | ▼ 16.2% |
| Financial income75/76B | - | - | - | €0 | €22 | ▲ 218,900% |
| Recurring financial income75 | - | - | - | €0 | €22 | ▲ 218,900% |
| Financial charges65/66B | - | €11,699 | €11,142 | €39,453 | €63,398 | ▲ 60.7% |
| Recurring financial charges65 | €12,134 | €11,699 | €11,142 | €39,453 | €63,398 | ▲ 60.7% |
| Profit (loss) for the period before taxes9903 | -€34,351 | -€59,476 | -€54,775 | -€165,593 | -€209,945 | ▼ 26.8% |
| Profit (loss) for the period9904 | -€34,351 | -€59,476 | -€54,775 | -€165,593 | -€209,945 | ▼ 26.8% |
| Profit (loss) for the period to be appropriated9905 | -€34,351 | -€59,476 | -€54,775 | -€165,593 | -€209,945 | ▼ 26.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.3m | €1.3m | €1.3m | €2.0m | ▲ 52.0% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.3m | €2.0m | ▲ 54.2% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.3m | €2.0m | ▲ 54.2% |
| Land and buildings22 | - | €1.2m | €1.2m | €1.3m | €2.0m | ▲ 53.4% |
| Assets under construction and advance payments27 | - | - | - | - | €9,431 | - |
| Current assets29/58 | €104,127 | €65,941 | €26,280 | €24,261 | €9,595 | ▼ 60.4% |
| Amounts receivable within one year40/41 | €6,486 | €5,295 | €1,041 | €90 | €4,785 | ▲ 5,206% |
| Trade receivables40 | - | €3,705 | €1,041 | €90 | €4,785 | ▲ 5,206% |
| Other amounts receivable41 | - | €1,590 | - | - | - | - |
| Cash at bank and in hand54/58 | €97,640 | €60,646 | €25,238 | €24,170 | €4,810 | ▼ 80.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.3m | €1.3m | €1.3m | €2.0m | ▲ 52.0% |
| Equity10/15 | €213,919 | €154,444 | €99,668 | -€65,924 | €787,130 | ▲ 1,294% |
| Contributions10/11 | €237,000 | €237,000 | €237,000 | €237,000 | €1.3m | ▲ 449% |
| Capital10 | - | €237,000 | €237,000 | €237,000 | €1.3m | ▲ 449% |
| Issued capital100 | - | €237,000 | €237,000 | €237,000 | €1.3m | ▲ 449% |
| Reserves13 | €12,600 | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Non-distributable reserves130/1 | - | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Legal reserve130 | - | €12,600 | €12,600 | €12,600 | €12,600 | = |
| Profit (loss) carried forward14 | -€35,681 | -€95,156 | -€149,932 | -€315,524 | -€525,470 | ▼ 66.5% |
| Amounts payable17/49 | €1.2m | €1.1m | €1.2m | €1.4m | €1.2m | ▼ 12.1% |
| Amounts payable within one year42/48 | €1.2m | €1.1m | €1.2m | €1.4m | €1.2m | ▼ 12.2% |
| Trade debts44 | €3,077 | €6,005 | €83,717 | €47,781 | €65,566 | ▲ 37.2% |
| Suppliers440/4 | - | €6,005 | €83,717 | €47,781 | €65,566 | ▲ 37.2% |
| Taxes, remuneration and social security45 | - | - | €1,422 | €2,333 | €1,442 | ▼ 38.2% |
| Taxes450/3 | - | - | €1,422 | €2,333 | €1,442 | ▼ 38.2% |
| Other amounts payable47/48 | - | €1.1m | €1.1m | €1.3m | €1.1m | ▼ 14.0% |
| Accrued charges and deferred income492/3 | - | €75 | €75 | €1,001 | €2,369 | ▲ 137% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,351 | -€59,476 | -€54,775 | -€165,593 | -€209,945 | ▼ 26.8% |
| + Depreciation and write-downs630 | €108,107 | €108,107 | €84,460 | €98,588 | €132,232 | ▲ 34.1% |
| Operating cash flow (approximation) | €73,756 | €48,631 | €29,685 | -€67,005 | -€77,714 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | €0 | -€123,481 | -€147,904 | -€832,214 | ▼ 463% |
| Change in cash | - | -€36,994 | -€35,408 | -€1,068 | -€19,361 | ▼ 1,713% |
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
2026
21-08
State Gazette act
MiscellaneousPower of attorney3 facts ▸
State Gazette act
Miscellaneous
Power of attorney3 facts ▸
- Board meeting, 21-05-2026
- Other statement, alle materies die raken aan de uitoefening van hun mandaat als bestuurder, keuze van woonplaats
- Power of attorney, Nico Van der Goten
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€209,945
Net result drops to -€209,945, the lowest in the series.
31-12
Financial
Equity above €500,000Eq €787,130
Equity rises from -€65,924 to €787,130.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 18 acts read
About the unread acts
Of the 18 Belgian State Gazette acts we know for this company, 1 has been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
18 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, Antwerpen · 1 establishment unit since 1988
Ground area
139 m²
Building footprint
87 m²
Volume, LiDAR
1,140 m³
Parcel 11807G1303/00Y005, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
LIMAGO
since 19882.037.449.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1303/00Y005 | Flanders | 139 m² | 1 · 87 m² | 16.4 m · 4 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.
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STAKIM
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Alken · Eq €787,803
Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,180 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432324347
Also
9925:BE0432324347
Registered
20-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.