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 3 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
IMCO from Stavelot, company number BE0727774370, closed financial year 2025 with a result of € -1,040 after tax. For that financial year IMCO recorded a gross margin of € 42,707 and equity of € 41,344. Compared with financial year 2024, the result moved from € 6,296 to € -1,040. 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 December 19, 2025.
€ 41,344
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,040
▼ still € 6,296 profit in 2024
Profit after tax over the fiscal year.
€ 6,212
▲ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 21,344.
People and assets in 2025
€ 10,412
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 403,157
▼ 7% vs 2024
€ 31,741 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 2,800
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 21,225 | € 31,555 | € 54,113 | € 42,707 | ▼ 21% |
| Profit after taxes | € 5,071 | € 959 | € 6,296 | € -1,040 | ▼ € 7,335 |
| Equity | € 35,129 | € 36,088 | € 42,384 | € 41,344 | ▼ 2% |
| Total debts | € 207,359 | € 583,532 | € 611,855 | € 591,973 | ▼ 3% |
| Cash | € 14,125 | € 7,455 | € 4,705 | € 6,212 | ▲ 32% |
| Land & buildings | € 211,714 | € 598,160 | € 622,584 | € 604,740 | ▼ 3% |
| Retained profit | € 15,129 | € 16,088 | € 22,384 | € 21,344 | ▼ 5% |
| Bank debt | € 178,851 | € 422,045 | € 434,111 | € 403,157 | ▼ 7% |
| Balance sheet total | € 242,488 | € 619,619 | € 654,239 | € 633,317 | ▼ 3% |
Key figures of IMCO, 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 IMCO?
What happened at IMCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,040 (▼ € 7,335 vs 2024). Source: NBB ↗
- New establishment in Stavelot. KBO
- MAX MARIN became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,071 profit in 2022 to € 1,040 loss in 2025.
Paid € 3,255 in corporate taxes since 2022.
Best year ever: 2024, with € 6,296 profit.
Management
Behind IMCO is MAX MARIN. MAX MARIN is also behind MARIN MOTOR.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Petit Coo 4
4970 Stavelot
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0727.774.370
- VAT number
- BE 0727.774.370
- Registered office
- Petit Coo 4, 4970 Stavelot
- Names & denominations
- IMCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2019
- Peppol
- Not registered
- Contact
- [email protected] +3280689133