Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMBAVCO from Kortrijk, company number BE0449827897, closed financial year 2025 with a result of € -153,761 after tax. For that financial year IMBAVCO recorded a gross margin of € 86,093 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -122,334 to € -153,761. 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 13, 2026.
€ 1.3 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -153,761
▼ 26 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,577
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.2 million.
People and assets in 2025
€ 43,934
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,430
▼ 97% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 757,766
▼ 10% vs 2024
€ 81,798 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 33,314
▲ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 19,877
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,150,361 | € 13,495 | € 125,728 | € 86,093 | ▼ 32% |
| Profit after taxes | € 714,045 | € -168,389 | € -122,334 | € -153,761 | ▼ € 31,427 |
| Equity | € 1,737,288 | € 1,568,899 | € 1,446,565 | € 1,292,804 | ▼ 11% |
| Total debts | € 1,374,518 | € 1,359,808 | € 1,402,243 | € 1,415,349 | ▲ 1% |
| Cash | € 117,128 | € 20,310 | € 12,341 | € 6,577 | ▼ 47% |
| Land & buildings | € 3,604,061 | € 3,530,210 | € 3,379,419 | € 3,229,867 | ▼ 4% |
| Retained profit | € 1,603,558 | € 1,435,169 | € 1,312,835 | € 1,159,074 | ▼ 12% |
| Bank debt | € 935,795 | € 865,870 | € 838,211 | € 757,766 | ▼ 10% |
| Balance sheet total | € 3,813,534 | € 3,593,735 | € 3,477,123 | € 3,300,059 | ▼ 5% |
| Employees (FTE) | - | 0.1 | - | - |
Key figures of IMBAVCO, 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 IMBAVCO?
What happened at IMBAVCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 153,761. Source: NBB ↗
- Veronique De Smet became a director. NBB
- Anna Vlieghe stepped down as director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 714,045 profit in 2022 to € 153,761 loss in 2025.
Paid € 59 in corporate taxes since 2022.
Best year ever: 2022, with € 714,045 profit.
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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
Behind IMBAVCO is Veronique De Smet. Veronique De Smet is also behind NOVESCO.
Directors
According to the 2025 annual accounts
since 2025
Anna Vlieghe
Director
· until 2025
Establishments
Establishment units
Physical locations of this company
Antoon Herbertstraat(Kor) 14
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0449.827.897
- VAT number
- BE 0449.827.897
- Registered office
- Antoon Herbertstraat(Kor) 14, 8500 Kortrijk
- Names & denominations
- IMBAVCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1993
- Peppol
- Active · Active since 16 Jul 2026
- Activities · NACE
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