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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMO-VAGO from Waregem, company number BE0428829971, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year IMMO-VAGO recorded a gross margin of € 1.2 million and equity of € 3.7 million. Compared with financial year 2024, the result moved from € 277,673 to € 1.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 3.7 million
▲ 94% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▲ € 1.5 million vs 2024
Profit after tax over the fiscal year.
€ 131,223
▲ 47% 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 € 2.3 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.1 million
▼ 5% vs 2024
€ 20,209 is repaid this year. At this pace the long-term loan is gone in ≈ 51 years.
€ 2,197
▲ 241% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 71,452
▼ 47% 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 | |
|---|---|---|---|---|---|
| Gross margin | € 977 | € 740,303 | € 728,809 | € 1,168,075 | ▲ 60% |
| Profit after taxes | € -262,038 | € 379,937 | € 277,673 | € 1,776,895 | ▲ € 1.5 million |
| Equity | € 1,230,978 | € 1,610,915 | € 1,888,588 | € 3,665,484 | ▲ 94% |
| Total debts | € 7,278,403 | € 2,811,046 | € 2,084,011 | € 1,860,414 | ▼ 11% |
| Cash | € 533,755 | € 98,244 | € 89,243 | € 131,223 | ▲ 47% |
| Land & buildings | € 1,806,325 | € 1,727,254 | € 1,630,849 | € 1,540,563 | ▼ 6% |
| Retained profit | € -113,924 | € 266,013 | € 543,686 | € 2,320,581 | ▲ € 1.8 million |
| Dividend | € 111,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,496,790 | € 1,266,575 | € 1,186,240 | € 1,122,875 | ▼ 5% |
| Balance sheet total | € 8,516,354 | € 4,426,649 | € 3,975,003 | € 5,526,016 | ▲ 39% |
Key figures of IMMO-VAGO, 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 IMMO-VAGO?
What happened at IMMO-VAGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- John Vanneste stepped down as director. NBB
- Christine Vanneste stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.8 million (▲ € 1.5 million vs 2024). Source: NBB ↗
- John Vanneste became a director. NBB
- Christine Vanneste became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 262,038 loss in 2022 to € 1.8 million profit in 2025.
Paid € 499,483 in corporate taxes since 2022.
Best year ever: 2025, with € 1.8 million profit.
Paid out € 111,000 in dividends to the owners in total.
Management
It owns 100% of Transvago, 100% of Vago Invest and 40% of SIBA 2000 itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2032
Christine Vanneste
Managing director
Also active at: Transvago, MAXITRUCK FINANCE & LEASE, SIBA 2000, VAGO INVEST
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 121
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0428.829.971
- VAT number
- BE 0428.829.971
- Registered office
- Franklin Rooseveltlaan 121, 8790 Waregem
- Names & denominations
- IMMO-VAGO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 1986
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings