Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Imvap from Zoersel, company number BE0412968293, closed financial year 2025 with a result of € 344,194 after tax. For that financial year Imvap recorded revenue of € 1.5 million and equity of € 10.9 million. Compared with financial year 2024, the result moved from € 739,638 to € 344,194. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.
€ 10.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 344,194
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 49,311
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 9.9 million.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 61,938
▼ 1% vs 2024
€ 61,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.5 million
▼ 9% vs 2024
Of which on lease € 615,410.
Debts at end 2025
€ 13 million
▼ 23% vs 2024
€ 4.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 321,034
▼ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 362 days on average.
€ 11,920
▲ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,038,586 | € 1,318,941 | € 1,316,400 | € 1,494,733 | ▲ 14% |
| Profit after taxes | € -350,908 | € -1,419,032 | € 739,638 | € 344,194 | ▼ 53% |
| Equity | € 18,276,900 | € 16,857,868 | € 10,597,506 | € 10,941,700 | ▲ 3% |
| Total debts | € 41,553,562 | € 42,282,469 | € 47,662,326 | € 38,727,480 | ▼ 19% |
| Cash | € 802,303 | € 80,022 | € 64,678 | € 49,311 | ▼ 24% |
| Land & buildings | € 5,310,030 | € 5,125,696 | € 4,959,980 | € 4,950,026 | |
| Retained profit | € 17,230,918 | € 15,811,886 | € 9,551,524 | € 9,895,718 | ▲ 4% |
| Dividend | € 0 | € 0 | € 7,000,000 | € 0 | ▼ 100% |
| Bank debt | € 15,186,465 | € 20,451,222 | € 16,787,097 | € 12,987,916 | ▼ 23% |
| Balance sheet total | € 59,830,462 | € 59,140,337 | € 58,259,832 | € 51,212,855 | ▼ 12% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of Imvap, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Imvap?
What happened at Imvap in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Lisbo BV stepped down as director. NBB
- Keiler Construct BV stepped down as director. NBB
- Jovape BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 344,194 (▼ 53% vs 2024). filed late Source: NBB ↗
- Lisbo BV became a director. NBB
- Keiler Construct BV became a director. NBB
- Jovape BV became a director. NBB
- New establishment in Zoersel. KBO
In short
From € 350,908 loss in 2022 to € 344,194 profit in 2025.
Paid € 154,161 in corporate taxes since 2022.
Best year ever: 2024, with € 739,638 profit.
Paid out € 7 million in dividends to the owners in total.
Management
The stake of HOLDING VAN PELT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ImvapThe shares are held by HOLDING VAN PELT (100%). It owns 100% of Bouwmaterialen Van Pelt, 100% of Vaptrans, 100% of Paesen Bouwexpo, 100% of SBM+, 100% of Betonfabriek Paesen and 100% of Tegelbedrijf Frans Grigorieff itself.
Directors
According to the 2025 annual accounts
Director · represented by Luc Van Pelt
Also active at: Bouwmaterialen Van Pelt, BETONFABRIEK PAESEN, PAESEN BOUWEXPO, TEGELBEDRIJF FRANS GRIGORIEFF, HOLDING VAN PELT, PAESEN TRANSPORT, VAPTRANS
since 2022 · until 2028
Director · represented by Wim Van Pelt
Also active at: Bouwmaterialen Van Pelt, BETONFABRIEK PAESEN, PAESEN BOUWEXPO, TEGELBEDRIJF FRANS GRIGORIEFF, HOLDING VAN PELT, PAESEN TRANSPORT, VAPTRANS
since 2022 · until 2028
Director · represented by Jozef Van Pelt
Also active at: Bouwmaterialen Van Pelt, BETONFABRIEK PAESEN, PAESEN BOUWEXPO, TEGELBEDRIJF FRANS GRIGORIEFF, HOLDING VAN PELT, PAESEN TRANSPORT, VAPTRANS
since 2022 · until 2028
Shareholders
100%
Participations
100%
100%
100%
100%
0.3%
Establishments
Establishment units
Physical locations of this company
Kapellei 157
2980 Zoersel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Bouwmaterialen Van Pelt same network
€ 55.8 million revenue · 2025
TEGELBEDRIJF FRANS GRIGORIEFF same network
€ -45,692 gross margin · 2025
HOLDING VAN PELT same network
VAPTRANS same network
€ 2 million gross margin · 2025
GROEP VAN PELT
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.968.293
- VAT number
- BE 0412.968.293
- Registered office
- Kapellei 157, 2980 Zoersel
- Names & denominations
- Imvap
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 1973
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
Algemene bouw van residentiële gebouwen
Verhuur en exploitatie van terreinen
Verhuur van terreinen