IMMAWELLCON
ActiveIMMAWELLCON has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62k and a net result of €11k. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 48% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+86
Solvency19▲+7
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.14 in 2023), and 77.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.1%
Return on assets
3.8%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €62k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
32 d early
2022
50 d early
2021
2 d early
2020
61 d late
2019
35 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€62k▲ 20.6%
2023 · €51k
2018: €127k
2019: €121k
2020: €79k
2021: €74k
2022: €55k
2023: €51k
2018 → 2024
Total assets
€280k▼ 0.6%
2023 · €282k
2018: €488k
2019: €452k
2020: €391k
2021: €359k
2022: €319k
2023: €282k
2018 → 2024
Net result
€11k
2023 · €-3k
2018: €2k
2019: €-6k
2020: €-43k
2021: €-5k
2022: €-19k
2023: €-3k
2018 → 2024
Working capital
€-119k▲ 18.6%
2023 · €-146k
2018: €-214k
2019: €-185k
2020: €-193k
2021: €-176k
2022: €-171k
2023: €-146k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€79k-€74k▼ 6.5%€55k▼ 25.6%€51k▼ 6.3%€62k▲ 20.6%
Operating result€-40k-€-3k▲ 92.7%€-17k▼ 482%€-108▲ 99.4%€14k
Net result€-43k-€-5k▲ 88.0%€-19k▼ 271%€-3k▲ 81.8%€11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14k after a loss of €108 in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280k
Fixed assets
€236k▼ 8.8%
Current assets
€45k▲ 88.2%
Equity and liabilities €280k
Equity
€62k▲ 20.6%
Debt
€218k▼ 5.4%
The debt ratio falls from 81.8% to 77.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€49k▲
2023 · €34k
Cash flow
€46k▲
2023 · €31k
Solvency
22.1%▲
2023 · 18.2%
Current ratio
0.27▲
2023 · 0.14
Quick ratio
0.27▲
2023 · 0.13
Debt / equity
3.52▼
2023 · 4.49
ROE
17.1%▲
2023 · -6.7%
ROA
3.8%▲
2023 · -1.2%
Interest coverage
14.21▲
2023 · 10.38
Debt
€218k▼
2023 · €231k
Debt ≤ 1 year
€164k▼
2023 · €170k
Debt > 1 year
€55k▼
2023 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€282k€280k▼
Fixed assets21/28€258k€236k▼
Tangible fixed assets22/27€255k€233k▼
Land and buildings22€182k€156k▼
Plant, machinery and equipment23€7k€16k▲
Leasing and similar rights25€67k€61k▼
Financial fixed assets28€3k€3k=
Current assets29/58€24k€45k▲
Stocks and contracts in progress3€1k€830▼
Stocks30/36€1k€830▼
Amounts receivable within one year40/41€10k€15k▲
Trade receivables40€10k€15k▲
Other amounts receivable41-€11
Cash at bank and in hand54/58€12k€29k▲
Deferred charges and accrued income490/1-€159
Equity and liabilities
Total equity and liabilities10/49€282k€280k▼
Equity10/15€51k€62k▲
Contributions10/11€169k€169k=
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Profit (loss) carried forward14€-117k€-107k▲
Amounts payable17/49€231k€218k▼
Amounts payable after more than one year17€61k€55k▼
Financial debts170/4€61k€55k▼
Amounts payable within one year42/48€170k€164k▼
Current portion of amounts payable after more than one year42€6k€6k=
Financial debts43€67k€40k▼
Credit institutions430/8€67k€40k▼
Trade debts44€73€106▲
Suppliers440/4€73€106▲
Taxes, remuneration and social security45€748€4k▲
Taxes450/3€748€4k▲
Other amounts payable47/48€97k€113k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€35k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€37k€54k▲
Operating profit (loss)9901€-108€14k▲
Financial income75/76B€31€37▲
Recurring financial income75€31€37▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-3k€11k▲
Income taxes67/77€101-
Profit (loss) for the period9904€-3k€11k▲
Profit (loss) for the period to be appropriated9905€-3k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-117k€-107k▲
Profit (loss) brought forward from the previous period14P€-114k€-117k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-03
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €11k
Net result €11k after 5 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-43k
Net result drops to €-43k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-01-2026
Demey Josiane: Resigned as Director
20-10-2023
Windels Charlotte: Resigned as Director
18-01-2021
Cardoen Sabine: Resigned as Director
Location & real-estate footprint
Registered office, Harelbeke · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Distelbosstraat 2C8531 HarelbekeGround area
1,068 m²
Building footprint
303 m²
Volume, LiDAR
1,505 m³
Parcel 34017C0134/00G000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMAWELLCON
since 20102.184.290.936
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34017C0134/00G000 | Flanders | 1,068 m² | 1 · 303 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
1 partyIMMAWELLCONBE 0822.323.834
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 6,690 companies in sector 96230 we hold annual accounts for 616. 459 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2010
Fiscal year end31-12
Activities, NACEBEL
96040Personal service activities
96230Day spas, saunas and steam baths
68201Renting and operating of own or leased residential real estate, excluding social housing
70100Activities of head offices
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.