Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
IMBEL- WEST from Koksijde, company number BE0417252032, closed financial year 2024 with a result of € -54,563 after tax. For that financial year IMBEL- WEST recorded a gross margin of € 104,794 and equity of € 153,816. Compared with financial year 2023, the result moved from € -12,228 to € -54,563. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2025.
€ 153,816
▼ 26% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,563
▼ 346 % more loss than in 2023
Profit after tax over the fiscal year.
€ 35,346
▼ 27% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 121,590.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 86,333
▲ 52% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 131,582
▼ 27% vs 2023
Of which on lease € 69,317.
Debts at end 2024
€ 94,533
▼ 18% vs 2023
€ 21,033 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 32,797
▲ 28% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 13,869
▼ 15% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 179,811 | € 140,302 | € 112,165 | € 104,794 | ▼ 7% |
| Profit after taxes | € 57,371 | € 20,213 | € -12,228 | € -54,563 | ▼ € 42,335 |
| Equity | € 201,995 | € 220,608 | € 208,380 | € 153,816 | ▼ 26% |
| Total debts | € 264,426 | € 208,291 | € 175,521 | € 160,933 | ▼ 8% |
| Cash | € 137,787 | € 131,060 | € 48,108 | € 35,346 | ▼ 27% |
| Land & buildings | € 132,452 | € 127,811 | € 123,170 | € 118,530 | ▼ 4% |
| Retained profit | € 169,769 | € 188,382 | € 176,154 | € 121,590 | ▼ 31% |
| Dividend | € 1,600 | € 1,600 | € 0 | € 0 | |
| Bank debt | € 178,798 | € 139,194 | € 114,944 | € 94,533 | ▼ 18% |
| Balance sheet total | € 481,421 | € 443,900 | € 398,901 | € 329,749 | ▼ 17% |
Key figures of IMBEL- WEST, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to IMBEL- WEST?
What happened at IMBEL- WEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 54,563. Source: NBB ↗
- Frederic Beghin became a director. NBB
- New establishment in Koksijde. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,371 profit in 2021 to € 54,563 loss in 2024.
Paid € 30,539 in corporate taxes since 2021.
Best year ever: 2021, with € 57,371 profit.
Paid out € 3,200 in dividends to the owners in total.
Management
Behind IMBEL- WEST is Frederic Beghin.
Directors
According to the 2024 annual accounts
Frederic Beghin
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Reginalaan(Odk) 9
8670 Koksijde
Leopold II Laan(Odk) 200
8670 Koksijde
Active since 20 May 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.252.032
- VAT number
- BE 0417.252.032
- Registered office
- Reginalaan(Odk) 9, 8670 Koksijde
- Names & denominations
- IMBEL- WEST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 June 1977
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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