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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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
IMVARO from Gent, company number BE0420185192, closed financial year 2024 with a result of € -16,620 after tax. For that financial year IMVARO recorded a gross margin of € 78,513 and equity of € 722,587. Compared with financial year 2023, the result moved from € 381,819 to € -16,620. 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 September 30, 2025.
€ 722,587
▼ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,620
▼ still € 381,819 profit in 2023
Profit after tax over the fiscal year.
€ 8,490
▼ 93% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 652,587.
Debts at end 2024
€ 977,705
▼ 6% vs 2023
€ 61,029 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 8,546
▲ 15% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 5,812
▼ 22% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 79,181 | € 94,536 | € 519,239 | € 78,513 | ▼ 85% |
| Profit after taxes | € -22,291 | € -14,133 | € 381,819 | € -16,620 | ▼ € 398,440 |
| Equity | € 371,521 | € 357,388 | € 739,207 | € 722,587 | ▼ 2% |
| Total debts | € 2,114,062 | € 2,083,750 | € 1,593,841 | € 1,277,483 | ▼ 20% |
| Cash | € 3,525 | € 7,109 | € 124,599 | € 8,490 | ▼ 93% |
| Land & buildings | € 2,587,651 | € 2,539,829 | € 1,819,663 | € 2,120,768 | ▲ 17% |
| Retained profit | € 302,111 | € 287,388 | € 669,207 | € 652,587 | ▼ 2% |
| Bank debt | € 1,435,519 | € 1,352,404 | € 1,037,719 | € 977,705 | ▼ 6% |
| Balance sheet total | € 2,596,356 | € 2,547,961 | € 2,486,967 | € 2,151,870 | ▼ 13% |
Key figures of IMVARO, 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 IMVARO?
What happened at IMVARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 16,620 (▼ € 398,440 vs 2023). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,291 loss in 2021 to € 16,620 loss in 2024.
Paid € 11,001 in corporate taxes since 2021.
Best year ever: 2023, with € 381,819 profit.
A new publication or filing at IMVARO? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DC INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMVAROBehind IMVARO are Stijn Decloedt and Caroline Vandenbroucke. The shares are held by DC INVEST (50%).
Directors
According to the 2024 annual accounts
Caroline Vandenbroucke
Managing director
Also active at: Oude Etn. Vandenbroucke, TRAVARO, Dr. Caroline Vandenbroucke
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nieuwebosstraat 5
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Apothekers Gildehuis
Oost- en Westvlaamse Immobiliënmaatschappij
€ 108,965 gross margin · 2025
POLTERMANN
€ 96,360 gross margin · 2025
DECLOEDT ADVOCATEN same network
€ 311,088 gross margin · 2025
BIENSTMAN ADVOCATEN
€ -23,381 gross margin · 2025
+9 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
- 0420.185.192
- VAT number
- BE 0420.185.192
- Registered office
- Nieuwebosstraat 5, 9000 Gent
- Names & denominations
- IMVARO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 January 1980
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed