Financials
Financial year 2025
IM GEARS EUROPE from Brugge, company number BE0541927815, closed financial year 2025 with a result of € -182,926 after tax. For that financial year IM GEARS EUROPE recorded a gross margin of € 203,203 and equity of € 288,246. Compared with financial year 2024, the result moved from € 37,724 to € -182,926. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 19, 2025.
€ 288,246
▼ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -182,926
▼ still € 37,724 profit in 2024
Profit after tax over the fiscal year.
€ 5,585
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 269,646.
People and assets in 2025
2.9
▼ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 171,255
▲ 1% vs 2024
€ 59,100 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.
Debts at end 2025
€ 2.5 million
▼ 17% vs 2024
Loans from banks and other lenders, long and short.
€ 1.5 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,780
▼ 11% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 213,608 | € 45,669 | € 343,939 | € 203,203 | ▼ 41% |
| Profit after taxes | € 87,770 | € -130,470 | € 37,724 | € -182,926 | ▼ € 220,649 |
| Equity | € 563,918 | € 433,448 | € 471,172 | € 288,246 | ▼ 39% |
| Total debts | € 4,138,207 | € 5,029,506 | € 5,169,167 | € 4,530,725 | ▼ 12% |
| Cash | € 51,647 | € 12,978 | € 57,560 | € 5,585 | ▼ 90% |
| Retained profit | € 545,318 | € 414,848 | € 452,572 | € 269,646 | ▼ 40% |
| Bank debt | € 3,000,000 | € 3,000,000 | € 3,000,000 | € 2,500,000 | ▼ 17% |
| Balance sheet total | € 4,702,124 | € 5,462,954 | € 5,640,338 | € 4,818,971 | ▼ 15% |
| Employees (FTE) | 2.1 | 2 | 3 | 2.9 | ▼ 0.1 |
Key figures of IM GEARS EUROPE, 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 October 2026.
What happened to IM GEARS EUROPE?
What happened at IM GEARS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 182,926 (▼ € 220,649 vs 2024). Source: NBB ↗
- Athulan Vijayaraghavan became a director. NBB
- Narasimhan Vankipuram Vijayaraghavan became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 87,770 profit in 2022 to € 182,926 loss in 2025.
Best year ever: 2022, with € 87,770 profit.
On average € 70,100 of value added per employee in 2025.
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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 IM GEARS EUROPE are Athulan Vijayaraghavan and Narasimhan Vankipuram Vijayaraghavan. The shares are held by IM Gears pvt. Ltd. (100%).
Directors
According to the 2025 annual accounts
Athulan Vijayaraghavan
Director
since 2024
Narasimhan Vankipuram Vijayaraghavan
Director
since 2024
Shareholders
IM Gears pvt. Ltd.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kleine Pathoekeweg 40 box C
8000 Brugge
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
- 0541.927.815
- VAT number
- BE 0541.927.815
- Registered office
- Kleine Pathoekeweg 40 bus C, 8000 Brugge
- Names & denominations
- IM GEARS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 November 2013
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen
Detailhandel in onderdelen en accessoires van motorvoertuigen