Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMAVO from Zedelgem, company number BE0685611440, closed financial year 2025 with a result of € 130,047 after tax. For that financial year IMMAVO recorded a gross margin of € 340,995 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 99,676 to € 130,047. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 20, 2026.
€ 2.1 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 130,047
▲ 30% vs 2024
Profit after tax over the fiscal year.
€ 496,238
▲ € 486,365 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 € 1.9 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 790
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▲ € 3 million vs 2024
€ 142,019 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 687,882
▲ € 652,753 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,851
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 69,167 | € 290,598 | € 232,854 | € 340,995 | ▲ 46% |
| Profit after taxes | € 26,060 | € 188,647 | € 99,676 | € 130,047 | ▲ 30% |
| Equity | € 3,572,829 | € 1,900,928 | € 2,000,603 | € 2,130,650 | ▲ 7% |
| Total debts | € 653,780 | € 805,252 | € 920,526 | € 4,396,606 | ▲ € 3.5 million |
| Cash | € 252,147 | € 42,346 | € 9,873 | € 496,238 | ▲ € 486,365 |
| Land & buildings | € 1,340,196 | € 1,455,296 | € 1,659,678 | € 4,814,847 | ▲ 190% |
| Retained profit | € 1,658,811 | € 1,710,928 | € 1,810,603 | € 1,940,650 | ▲ 7% |
| Dividend | € 0 | € 136,531 | € 0 | € 0 | |
| Bank debt | € 305,525 | € 311,529 | € 164,891 | € 3,117,015 | ▲ € 3 million |
| Balance sheet total | € 4,226,609 | € 2,706,180 | € 2,921,129 | € 6,527,256 | ▲ 123% |
Key figures of IMMAVO, 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 IMMAVO?
What happened at IMMAVO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 130,047 (▲ 30% vs 2024). Source: NBB ↗
- Luc Vanhollebeke became a director. NBB
- New establishment in Zedelgem. KBO
- Start of the company according to the CBE. KBO
In short
From € 26,060 profit in 2022 to € 130,047 profit in 2025.
Paid € 111,321 in corporate taxes since 2022.
Best year ever: 2023, with € 188,647 profit.
Paid out € 136,531 in dividends to the owners in total.
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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 IMMAVO is Luc Vanhollebeke. Luc Vanhollebeke is also behind VOSC ZEDELGEM.
Directors
According to the 2025 annual accounts
since 2020
Establishments
Establishment units
Physical locations of this company
Torhoutsesteenweg 136
8210 Zedelgem
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
- 0685.611.440
- VAT number
- BE 0685.611.440
- Registered office
- Torhoutsesteenweg 136, 8210 Zedelgem
- Names & denominations
- IMMAVO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 2017
- Peppol
- Active · Active since 15 May 2025
- Activities · NACE
Activiteiten van holdings
Holdings