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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMFRACO from De Haan, company number BE0436583835, closed financial year 2025 with a result of € -17,836 after tax. For that financial year IMFRACO recorded a gross margin of € 62,622 and equity of € 240,897. Compared with financial year 2024, the result moved from € -59,386 to € -17,836. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 240,897
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -17,836
▲ 70 % less loss than in 2024
Profit after tax over the fiscal year.
€ 13,727
▼ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 154,135.
People and assets in 2025
€ 893
▼ 85% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 557,134
▲ 16% vs 2024
€ 14,210 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 18,141
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,055
▲ 53% 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 | € -1,668 | € 34,672 | € 51,108 | € 62,622 | ▲ 23% |
| Profit after taxes | € -64,626 | € -65,221 | € -59,386 | € -17,836 | ▲ € 41,549 |
| Equity | € 383,340 | € 318,119 | € 258,734 | € 240,897 | ▼ 7% |
| Total debts | € 1,203,892 | € 1,349,335 | € 930,550 | € 934,489 | |
| Cash | € 26,915 | € 71,968 | € 28,859 | € 13,727 | ▼ 52% |
| Land & buildings | € 1,093,481 | € 1,121,203 | € 1,083,094 | € 1,122,293 | ▲ 4% |
| Retained profit | € 296,577 | € 231,356 | € 171,971 | € 154,135 | ▼ 10% |
| Bank debt | € 650,000 | € 824,377 | € 481,166 | € 557,134 | ▲ 16% |
| Balance sheet total | € 1,587,232 | € 1,667,454 | € 1,189,284 | € 1,175,386 | ▼ 1% |
Key figures of IMFRACO, 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 January 2027.
What happened to IMFRACO?
What happened at IMFRACO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 17,836. Source: NBB ↗
- New establishment in De Haan. KBO
- Start of the company according to the CBE. KBO
In short
From € 64,626 loss in 2022 to € 17,836 loss in 2025.
Paid € 5,447 in corporate taxes since 2022.
Management
Behind IMFRACO are Katrien Billiouw and Jean Pierre Royaux.
Directors
According to the 2025 annual accounts
Katrien Billiouw
Managing director
Jean Pierre Royaux
Managing director
Establishments
Establishment units
Physical locations of this company
Grotestraat 185
8420 De Haan
Grotestraat 185
8421 De Haan
Active since 17 February 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.583.835
- VAT number
- BE 0436.583.835
- Registered office
- Grotestraat 185, 8420 De Haan
- Names & denominations
- IMFRACO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 1989
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Handelsbemiddeling in de niet-gespecialiseerde groothandel
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