X-IMCA
ActiveSummary
X-IMCA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €7,932 and a net result of -€3,389. Equity is shrinking by ~24.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 15% of 8094 sector peers (fiscal year 2025). The company has been active since 2018 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.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 8094 sector peers (2025).
NBB · sector comparisonPosition among 8094 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
23 d early
2024
8 d early
2023
22 d early
2022
27 d early
2021
9 d early
2020
26 d early
2019
26 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 20 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 (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. Usually files around 10 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What changed in the latest annual accounts?What changed What held for this company on a given day: board, seat, name?Company as of a date
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€7,932▼ 29.9%
2024 · €11,321
Net result
-€3,389
2024 · €20,582
Total assets
€102,185▲ 6.1%
2024 · €96,345
Solvency
7.8%▼ 4.0pp
2024 · 11.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Operating result-€4,844--€22,383▼ 362%-€5,813▲ 74.0%€20,793-€3,136
Net result-€5,113below the sector's middle half--€22,454below the sector's middle half▼ 339%-€5,823below the sector's middle half▲ 74.1%€20,582within the sector's middle half-€3,389below the sector's middle half
Equity€19,016below the sector's middle half--€3,438below the sector's middle half-€9,261below the sector's middle half▼ 169%€11,321below the sector's middle half€7,932below the sector's middle half▼ 29.9%
Total assets€76,626below the sector's middle half-€82,170below the sector's middle half▲ 7.2%€82,731below the sector's middle half▲ 0.7%€96,345below the sector's middle half▲ 16.5%€102,185below the sector's middle half▲ 6.1%
Debt€57,610-€85,608▲ 48.6%€91,992▲ 7.5%€85,024▼ 7.6%€94,253▲ 10.9%
Working capital€5,693within the sector's middle half--€14,852within the sector's middle half-€17,018within the sector's middle half▼ 14.6%-€2,277within the sector's middle half▲ 86.6%-€4,038within the sector's middle half▼ 77.3%
Solvency24.8%within the sector's middle half--4.2%below the sector's middle half▼ 29.0pp-11.2%below the sector's middle half▼ 7.0pp11.8%below the sector's middle half▲ 22.9pp7.8%below the sector's middle half▼ 4.0pp
Current ratio1.10within the sector's middle half-0.83within the sector's middle half▼ 0.280.82within the sector's middle half▼ 0.010.97within the sector's middle half▲ 0.160.96within the sector's middle half▼ 0.02
Return on assets (ROA)-6.7%below the sector's middle half--27.3%below the sector's middle half▼ 20.7pp-7.0%below the sector's middle half▲ 20.3pp21.4%within the sector's middle half▲ 28.4pp-3.3%below the sector's middle half▼ 24.7pp
Staff (FTE)1-1=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3,136 after €20,793 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,185
Fixed assets
€11,970 ▼ 12.0%
Current assets
€90,215 ▲ 9.0%
Equity and liabilities €102,185
Equity
€7,932 ▼ 29.9%
Debt
€94,253 ▲ 10.9%
Debt's share of the balance-sheet total rises from 88.2% to 92.2%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-42.7%▼
2024 · 181.8%
Debt ≤ 1 year
€94,253▲
2024 · €85,024
Income taxes
€112
Staff costs
€0▼
2024 · €3
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €695 | €47 | - | €5,491 | - | - |
| Remuneration, social security and pensions62 | €37,786 | €37,846 | €18,817 | €3 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,663 | €3,657 | €3,657 | €5,159 | €1,628 | ▼ 68.4% |
| Other operating charges640/8 | €1,133 | €969 | €1,840 | €1,599 | €890 | ▼ 44.3% |
| Gross operating margin9900 | €38,738 | €20,089 | €18,501 | €27,554 | -€618 | ▼ 102% |
| Operating profit (loss)9901 | -€4,844 | -€22,383 | -€5,813 | €20,793 | -€3,136 | ▼ 115% |
| Financial charges65/66B | €269 | €71 | €10 | €211 | €141 | ▼ 33.2% |
| Recurring financial charges65 | €269 | €71 | €10 | €211 | €141 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | -€5,113 | -€22,454 | -€5,823 | €20,582 | -€3,277 | ▼ 116% |
| Income taxes67/77 | - | - | - | - | €112 | - |
| Profit (loss) for the period9904 | -€5,113 | -€22,454 | -€5,823 | €20,582 | -€3,389 | ▼ 116% |
| Profit (loss) for the period to be appropriated9905 | -€5,113 | -€22,454 | -€5,823 | €20,582 | -€3,389 | ▼ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,626 | €82,170 | €82,731 | €96,345 | €102,185 | ▲ 6.1% |
| Fixed assets21/28 | €15,071 | €11,414 | €7,757 | €13,598 | €11,970 | ▼ 12.0% |
| Tangible fixed assets22/27 | €15,071 | €11,414 | €7,757 | €13,598 | €11,970 | ▼ 12.0% |
| Furniture and vehicles24 | €10,235 | €7,075 | €3,914 | €32 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €4,836 | €4,339 | €3,843 | €13,566 | €11,970 | ▼ 11.8% |
| Current assets29/58 | €61,555 | €70,756 | €74,974 | €82,747 | €90,215 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €50,569 | €66,379 | €63,269 | €62,604 | €63,240 | ▲ 1.0% |
| Trade receivables40 | €37,743 | €49,250 | €35,572 | €35,572 | €36,208 | ▲ 1.8% |
| Other amounts receivable41 | €12,826 | €17,129 | €27,697 | €27,032 | €27,032 | = |
| Cash at bank and in hand54/58 | €10,986 | €4,218 | €11,705 | €20,143 | €26,975 | ▲ 33.9% |
| Deferred charges and accrued income490/1 | - | €159 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,626 | €82,170 | €82,731 | €96,345 | €102,185 | ▲ 6.1% |
| Equity10/15 | €19,016 | -€3,438 | -€9,261 | €11,321 | €7,932 | ▼ 29.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| 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 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€1,444 | -€23,898 | -€29,721 | -€9,139 | -€12,528 | ▼ 37.1% |
| Amounts payable17/49 | €57,610 | €85,608 | €91,992 | €85,024 | €94,253 | ▲ 10.9% |
| Amounts payable after more than one year17 | €1,748 | - | - | - | - | - |
| Financial debts170/4 | €1,748 | - | - | - | - | - |
| Amounts payable within one year42/48 | €55,862 | €85,608 | €91,992 | €85,024 | €94,253 | ▲ 10.9% |
| Current portion of amounts payable after more than one year42 | €3,444 | - | - | - | - | - |
| Financial debts43 | - | €1,748 | - | - | - | - |
| Credit institutions430/8 | - | €1,748 | - | - | - | - |
| Trade debts44 | €1,493 | €6,793 | €7,084 | €6,822 | €7,100 | ▲ 4.1% |
| Suppliers440/4 | €1,493 | €6,793 | €7,084 | €6,822 | €7,100 | ▲ 4.1% |
| Taxes, remuneration and social security45 | €12,538 | €10,833 | €355 | €997 | €787 | ▼ 21.1% |
| Taxes450/3 | €143 | €2,496 | €355 | €997 | €787 | ▼ 21.1% |
| Remuneration and social security454/9 | €12,395 | €8,337 | - | - | - | - |
| Other amounts payable47/48 | €38,387 | €66,234 | €84,553 | €77,205 | €86,366 | ▲ 11.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,113 | -€22,454 | -€5,823 | €20,582 | -€3,389 | ▼ 116% |
| + Depreciation and write-downs630 | €4,663 | €3,657 | €3,657 | €5,159 | €1,628 | ▼ 68.4% |
| Operating cash flow (approximation) | -€450 | -€18,797 | -€2,166 | €25,741 | -€1,761 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€11,000 | €0 | ▲ 100% |
| Change in cash | - | -€6,768 | €7,487 | €8,438 | €6,832 | ▼ 19.0% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €20,582
Net result €20,582 after 3 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€22,454
Net result drops to -€22,454, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Nazareth-De Pinte · 1 establishment unit since 2018
Ground area
483 m²
Building footprint
150 m²
Volume, LiDAR
773 m³
Parcel 44012C0388/00W000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
X-IMCA
since 20182.273.078.994
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012C0388/00W000 | Flanders | 483 m² | 1 · 150 m² | 7.6 m · 2 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.
Similar companies · same sector, comparable size
TCRD
BE 1019.515.431
Oudergem · Eq €7,956
YANS DH
BE 0785.319.225
Schaarbeek · Eq €7,829
Projects CSC
BE 1002.446.795
Deinze · Eq €7,703
LUSK CAPITAL
BE 0773.845.907
Roosdaal · Eq €7,581
AMAMI CONSULTING
BE 0751.964.388
Elsene · Eq €7,571
Of 806 companies in sector 64999 we hold annual accounts for 487. 148 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
Founded01-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
02200Logging
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
78200Temporary employment agencies and other provision of personnel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689693853
Registered
02-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.