Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
65 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Image Line Group from Gent, company number BE0764951106, closed financial year 2025 with a result of € 18 million after tax. For that financial year Image Line Group recorded revenue of € 4.9 million and equity of € 379.9 million. Compared with financial year 2024, the result moved from € 60.4 million to € 18 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 15, 2026.
€ 379.9 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18 million
▼ 70% vs 2024
Profit after tax over the fiscal year.
€ 336,468
▲ 6% 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 € 86.7 million.
People and assets in 2025
€ 72
▼ 92% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 113.3 million
▼ 6% vs 2024
€ 5.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 4.7 million
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 340 days on average.
€ 867,366
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,933,757 | € 4,435,767 | € 4,660,904 | € 4,897,523 | ▲ 5% |
| Profit after taxes | € 13,325,517 | € -5,043,012 | € 60,427,663 | € 17,975,781 | ▼ 70% |
| Equity | € 299,187,425 | € 301,090,913 | € 361,896,148 | € 379,871,929 | ▲ 5% |
| Total debts | € 90,350,195 | € 86,903,632 | € 125,525,041 | € 119,618,520 | ▼ 5% |
| Cash | € 18,778 | € 1,327,108 | € 316,149 | € 336,468 | ▲ 6% |
| Retained profit | € 13,325,517 | € 8,282,505 | € 68,710,168 | € 86,685,949 | ▲ 26% |
| Bank debt | € 85,779,604 | € 80,679,604 | € 120,605,030 | € 113,321,048 | ▼ 6% |
| Balance sheet total | € 389,537,620 | € 387,994,545 | € 487,421,189 | € 499,490,449 | ▲ 2% |
Key figures of Image Line Group, 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 Image Line Group?
What happened at Image Line Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18 million (▼ 70% vs 2024). Source: NBB ↗
- Mathias Ottevaere became a director. NBB
- Tim Goedeweeck stepped down as director. NBB
- Standbyco 6 BV became a director. NBB
- Tim Goedeweeck became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 13.3 million profit in 2022 to € 18 million profit in 2025.
Best year ever: 2024, with € 60.4 million 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 Image Line Group are Mathias Ottevaere and Standbyco 6 BV. The shares are held by FL Investco LLC, Image Line Group, Qurom, Standbyco 6 BV, Pavell and Image Line Maatschap. It owns 100% of Image Line US and 100% of WPEF VI HOLDCO VII BE itself.
Directors
According to the 2025 annual accounts
Mathias Ottevaere
Director
since 2025
since 2023
Tim Goedeweeck
Director
since 2023 · until 2025
Shareholders
FL Investco LLC
Image Line Group · holding of Standbyco 6 BV
Participations
Image Line US
100%
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 349 box 50
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 65 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0764.951.106
- VAT number
- BE 0764.951.106
- Registered office
- Franklin Rooseveltlaan 349 bus 50, 9000 Gent
- Names & denominations
- Image Line Group
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2021
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
Activiteiten van holdings
Holdings