Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 3.8 to 3.
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Busy address KBO
41 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IMASFIN from Stabroek, company number BE0879156233, closed financial year 2025 with a result of € 1 million after tax. For that financial year IMASFIN recorded a gross margin of € 227,388 and equity of € 15.7 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 23, 2026.
€ 15.7 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1 million
▼ 29% vs 2024
Profit after tax over the fiscal year.
€ 3.1 million
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 984,489 paid out
95 % of the profit went to the shareholders, mostly to AERTSSEN GROUP (100 % of the shares). That is where the money ends up.
People and assets in 2025
3
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 309,850
▼ 12% vs 2024
€ 103,300 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
€ 93.3 million
▲ 8% vs 2024
€ 3.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 17,843
Supplier invoices still open on the last day of the fiscal year.
€ 296,974
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 305,981 | € 279,005 | € 273,682 | € 227,388 | ▼ 17% |
| Profit after taxes | € 550,899 | € 771,787 | € 1,459,378 | € 1,036,304 | ▼ 29% |
| Equity | € 15,525,756 | € 15,564,345 | € 15,631,129 | € 15,682,944 | |
| Total debts | € 47,833,706 | € 60,534,186 | € 88,120,195 | € 94,721,793 | ▲ 7% |
| Cash | € 9,874 | € 2,019,788 | € 8,390,344 | € 3,102,089 | ▼ 63% |
| Retained profit | € 525,756 | € 564,345 | € 631,129 | € 682,944 | ▲ 8% |
| Dividend | € 523,354 | € 733,198 | € 1,392,595 | € 984,489 | ▼ 29% |
| Bank debt | € 47,113,888 | € 59,722,174 | € 86,251,807 | € 93,291,406 | ▲ 8% |
| Balance sheet total | € 63,359,462 | € 76,098,531 | € 103,751,323 | € 110,404,737 | ▲ 6% |
| Employees (FTE) | 3 | 3.8 | 3.5 | 3 | ▼ 0.5 |
Key figures of IMASFIN, 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 IMASFIN?
What happened at IMASFIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gregorius Aertssen stepped down as director. NBB
- Luc Aertssen stepped down as director. NBB
- Walter Wesenbeek stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1 million (▼ 29% vs 2024). Source: NBB ↗
- Gregorius Aertssen became a director. NBB
- Luc Aertssen became a director. NBB
- Walter Wesenbeek became a director. NBB
- New establishment in Stabroek. KBO
In short
From € 550,899 profit in 2022 to € 1 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
On average € 75,800 of value added per employee in 2025.
Management
The stake of AERTSSEN GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IMASFINThe shares are held by AERTSSEN GROUP (100%). It owns 0% of Aertssen Grues et Transport Maroc itself.
Directors
According to the 2025 annual accounts
Gregorius Aertssen
Director
Also active at: NEWMO HAREN, Aertssen Infra, NEWMO, AERTSSEN SERVICES, WILLY CROMMEN, AERTSSEN TRANSPORT, AERTSSEN GROUP, Smeyers +27 more
since 2023 · until 2029
Luc Aertssen
Director
Also active at: AERTSSEN SERVICES, AERTSSEN TRANSPORT, AERTSSEN GROUP, AMO, AERTSSEN LOGISTICS
since 2023 · until 2029
Walter Wesenbeek
Director
Also active at: NEWMO HAREN, Aertssen Infra, NEWMO, AERTSSEN SERVICES, WILLY CROMMEN, AERTSSEN TRANSPORT, Smeyers, ENVI +20 more
since 2023 · until 2029
Shareholders
100%
Participations
Aertssen Grues et Transport Maroc
0%
Establishments
Establishment units
Physical locations of this company
Laageind 91
2940 Stabroek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 41 companies are registered at this address.
All companies at this address →NEWMO HAREN same network
€ -16,432 gross margin · 2025
Aertssen Infra same network
€ 199.1 million revenue · 2025
NEWMO same network
€ 1.1 million gross margin · 2025
AERTSSEN SERVICES same network
€ 37.9 million revenue · 2025
AERTSSEN TRANSPORT same network
€ 21.3 million revenue · 2025
+36 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0879.156.233
- VAT number
- BE 0879.156.233
- Registered office
- Laageind 91, 2940 Stabroek
- Names & denominations
- IMASFIN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 February 2006
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Overige activiteiten van geldscheppende financiële instellingen
Handel in eigen onroerend goed