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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMSTO from Harelbeke, company number BE0428559856, closed financial year 2025 with a result of € 18.4 million after tax. For that financial year IMSTO recorded revenue of € 3.1 million and equity of € 34.2 million. Compared with financial year 2024, the result moved from € 15 million to € 18.4 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 34.2 million
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.4 million
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 651,417
▼ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 39.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
31.9
▲ 7.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 44% vs 2024
€ 88,200 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.
€ 22,558
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 57.1 million
▲ € 45.4 million vs 2024
€ 422,064 is repaid this year. At this pace the long-term loan is gone in ≈ 135 years.
€ 1.6 million
▲ 47% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 93 days on average.
€ 425,457
▲ 53% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,286,334 | € 3,272,906 | € 3,282,358 | € 3,080,548 | ▼ 6% |
| Profit after taxes | € -557,014 | € 871,814 | € 15,047,330 | € 18,400,176 | ▲ 22% |
| Equity | € 43,445,134 | € 44,316,948 | € 55,078,564 | € 34,150,454 | ▼ 38% |
| Total debts | € 49,084,573 | € 23,390,453 | € 35,282,503 | € 71,195,576 | ▲ 102% |
| Cash | € 20,363 | € 41,473 | € 668,126 | € 651,417 | ▼ 3% |
| Land & buildings | € 8,860,441 | € 8,888,108 | € 11,282,283 | € 11,314,721 | |
| Retained profit | € 37,115,930 | € 37,987,744 | € 48,749,360 | € 27,821,250 | ▼ 43% |
| Dividend | € 7,622,000 | € 0 | € 4,285,714 | € 39,328,286 | ▲ € 35 million |
| Bank debt | € 32,772,500 | € 15,545,000 | € 11,763,043 | € 57,130,007 | ▲ € 45.4 million |
| Balance sheet total | € 92,529,707 | € 67,707,401 | € 90,361,067 | € 105,346,030 | ▲ 17% |
| Employees (FTE) | 23.9 | 27.2 | 24.4 | 31.9 | ▲ 7.5 |
Key figures of IMSTO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 July 2027.
What happened to IMSTO?
What happened at IMSTO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vierweg BV stepped down as director. NBB
- Walysse BV stepped down as director. NBB
- Kriel Comm. V stepped down as director. NBB
- Logifin-IT BV stepped down as director. NBB
- Diratec BV stepped down as director. NBB
- Comm. V STAGCO stepped down as director. NBB
- Creamanie BV stepped down as director. NBB
- MJ Consultancy stepped down as director. NBB
In short
From € 557,014 loss in 2022 to € 18.4 million profit in 2025.
Paid € 744,200 in corporate taxes since 2022.
Best year ever: 2025, with € 18.4 million profit.
Paid out € 51.2 million in dividends to the owners in total.
Management
It owns 100% of Agristo CORP, 100% of Agristo Nazareth, 100% of Immomas, 100% of Agristo Middle East & North Africa DMCC, 100% of Agristo and 50% of Agristo Masa Private Ltd itself.
Directors
According to the 2025 annual accounts
Director · represented by Carmen Wallays
Also active at: AGRISTO, AGRISTO NAZARETH, PEKO Agro
since 2023 · until 2028
Managing director · represented by Filip Wallays
Also active at: AGRISTO, IMMOMAS, AGRISTO NAZARETH
since 2023 · until 2028
Director · represented by Kristof Wallays
Also active at: AGRISTO, AGRISTO NAZARETH, VALPROMIC, Re:Source
since 2023 · until 2028
Director · represented by Danny Deman
Also active at: LAVAMEAT, PROSELECT, Benedikt D'hulster
since 2026 · until 2027
MJ Consultancy
Director · represented by Martin Van de Ven
since 2026 · until 2027
Director · represented by Piet Sanders
Also active at: What’s Cooking Wommelgem, What’s Cooking Waarschoot, What’s Cooking Immo, What's Cooking Group, What’s Cooking Veurne, What’s Cooking Marche-en-Famenne, What’s Cooking Wanze, What’s Cooking Savoury Belgium +2 more
since 2026 · until 2027
Director · represented by Peter Denolf
Also active at: EMPWR Nutrition Group, EMPWR, Milcobel, CHOCO LOCO FOODS
since 2026 · until 2027
Managing director · represented by Hannelore Raes
Also active at: AGRISTO, IMMOMAS, AGRISTO NAZARETH, FREYA PRODUCTS
since 2023 · until 2028
Director · represented by Dieter Raes
Also active at: AGRISTO, AGRISTO NAZARETH, VALPROMIC, Re:Source
since 2023 · until 2028
since 2023 · until 2028
Director · represented by Inge Demeyere
Also active at: BEKINA, MIKO, Bekina Boots, BEKINA INDURUB, ARLU, BEKINA BeSealed, BEKINA COMPOUNDS
since 2026 · until 2027
Establishments
Establishment units
Physical locations of this company
Waterstraat 40
8531 Harelbeke
Ridder de Ghellinckstraat 9
8710 Wielsbeke
Active since 1 June 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.559.856
- VAT number
- BE 0428.559.856
- Registered office
- Waterstraat 40, 8531 Harelbeke
- Names & denominations
- IMSTO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 1986
- Peppol
- Active · Active since 13 Mar 2025
- Activities · NACE
Opslag
Opslag in koelpakhuizen
Verwerking en conservering van fruit
Productie van diepgevroren groenten en fruit
Productie van diepgevroren groenten