ACTIVE

IMGEST

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Financial year 2025 · closed on 31/12/2025

Net result

406,5 k €

+148.1% YoY

Gross margin

815,8 k €

+13.5% YoY

Equity

2,6 M €

+17.7% YoY

What does IMGEST do?

IMGEST is a Public limited company incorporated in 1977. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.750.888

Incorporation

25/11/1977

Legal form

Public limited company

Registered office

Stormestraat 65 box 41
8790 Waregem · FlandreSee on map

Contributed capital

150 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	815,8 k €	+13.5%	718,8 k €	+58.5%	453,6 k €	-10.1%	504,7 k €	+1.7%	496,3 k €	+9.0%	455,2 k €	+0.6%	452,3 k €	+21.0%	373,7 k €	-10.9%	419,5 k €	-63.9%	1,2 M €	+199%	388,1 k €	-6.5%	415,2 k €	-3.0%	427,8 k €	+17.1%	365,3 k €	+9.2%	334,4 k €	+75.0%	191,1 k €	-36.6%	301,2 k €	+0.2%	300,6 k €	-2.8%	309,4 k €
EBITDA	757,4 k €	+237%	-554,6 k €	-237%	403,8 k €	-12.1%	459,5 k €	+0.8%	455,7 k €	+10.3%	413 k €	-0.1%	413,5 k €	+4.6%	395,5 k €	+5.0%	376,7 k €	-66.5%	1,1 M €	+226%	345,1 k €	-6.3%	368,4 k €	-4.1%	384,3 k €	+18.6%	324 k €	+11.7%	289,9 k €	+104%	141,8 k €	-44.5%	255,3 k €	-5.4%	269,8 k €	-4.1%	281,3 k €
Operating result	594,4 k €	+183%	-716,9 k €	-397%	241,1 k €	-24.8%	320,5 k €	+0.6%	318,8 k €	+14.8%	277,8 k €	+1.4%	273,9 k €	+5.9%	258,6 k €	+7.8%	239,8 k €	-75.7%	987,5 k €	+390%	201,5 k €	+150%	80,7 k €	-73.0%	298,8 k €	+25.3%	238,5 k €	+66.8%	142,9 k €	+343%	32,3 k €	-84.5%	207,8 k €	-12.1%	236,5 k €	-1.6%	240,2 k €
Net result	406,5 k €	+148%	-845,2 k €	-396%	285,1 k €	+351%	63,2 k €	-68.5%	200,4 k €	+6.5%	188,1 k €	+4.7%	179,7 k €	+9.5%	164 k €	+24.0%	132,3 k €	-77.9%	599,6 k €	+546%	92,8 k €	+160%	35,7 k €	-82.0%	198,1 k €	+27.9%	154,9 k €	+24.0%	125 k €	-2.2%	127,7 k €	-23.9%	167,9 k €	-7.1%	180,7 k €	-3.5%	187,2 k €
Balance sheet
Equity	2,6 M €	+17.7%	2,2 M €	-32.0%	3,3 M €	+4.0%	3,1 M €	-3.0%	3,2 M €	+6.6%	3 M €	+6.6%	2,9 M €	+6.7%	2,7 M €	+6.5%	2,5 M €	+5.5%	2,4 M €	+33.6%	1,8 M €	+5.3%	1,7 M €	+1.9%	1,7 M €	+13.2%	1,5 M €	+12.2%	1,3 M €	-28.5%	1,8 M €	+8.4%	1,7 M €	+11.1%	1,5 M €	+13.5%	1,3 M €
Total assets	3,9 M €	+22.5%	3,2 M €	-19.0%	3,9 M €	+4.0%	3,8 M €	-3.9%	3,9 M €	+3.9%	3,8 M €	+6.6%	3,6 M €	+4.2%	3,4 M €	+3.5%	3,3 M €	-11.2%	3,7 M €	+20.5%	3,1 M €	-5.4%	3,3 M €	+45.6%	2,2 M €	+9.5%	2 M €	-1.1%	2,1 M €	-0.8%	2,1 M €	+7.3%	1,9 M €	+11.2%	1,7 M €	+10.9%	1,6 M €
Cash	345,5 k €	+605%	49 k €	-26.5%	66,7 k €	-70.5%	225,7 k €	+232%	68,1 k €	-95.7%	1,6 M €	+231%	478,3 k €	+151%	190,4 k €	+745%	22,5 k €	-97.6%	955,3 k €	+29826%	3,2 k €	-14.7%	3,7 k €	+33.1%	2,8 k €	-12.7%	3,2 k €	-7.1%	3,5 k €	-48.7%	6,8 k €	+5.7%	6,4 k €	-98.8%	518 k €	+1921%	25,6 k €
Debts	1,1 M €	+48.2%	725,2 k €	+77.7%	408,1 k €	+7.2%	380,5 k €	-6.2%	405,8 k €	-6.0%	431,7 k €	+9.5%	394,2 k €	-2.1%	402,6 k €	+5.6%	381,4 k €	-57.3%	892,3 k €	-17.1%	1,1 M €	-19.0%	1,3 M €	+265%	364,1 k €	-1.1%	368,4 k €	-32.7%	547,5 k €	+1095%	45,8 k €	+6.6%	43 k €	+51.0%	28,5 k €	+11.2%	25,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Marc Vandecandelaere

Managing director · since 20 août 2005

Active

Ended mandates

Bérénice Vercaemst

Director · since 27 mai 2015 · until 29 mai 2020

Ended

Jan Vandecandelaere

Managing director · since 20 septembre 2005 · until 02 avril 2024

Ended

Jan Vandecandelaere

Managing director · since 20 septembre 2005

Ended

Bérénice Vercaemst

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van Medeëigenaars van het Gebouw @Ayala@ te Waregem, Stormestraat 65.● Active	0461.514.518
WILGELOVER● Active	0415.711.712

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	02/06/2025	10/06/2024	30/05/2023	22/06/2022	04/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	04/06/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	02/06/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	10/06/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	30/05/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	04/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	14/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	05/07/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	08/07/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	25/07/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	14/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	26/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Marc Vandecandelaere

Managing director · since 20 août 2005

Active

Ended mandates

Bérénice Vercaemst

Director · since 27 mai 2015 · until 29 mai 2020

Ended

Jan Vandecandelaere

Managing director · since 20 septembre 2005 · until 02 avril 2024

Ended

Jan Vandecandelaere

Managing director · since 20 septembre 2005

Ended

Bérénice Vercaemst

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring03/12/2024
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/09/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates03/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other18/01/2018
DOEL
PDF
Mandates11/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office05/05/2017
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025406,5 k €↑
2024
Annual accounts 2024-845,2 k €↓
2023
Annual accounts 2023285,1 k €↑
2022
Annual accounts 202263,2 k €↓
2021
Annual accounts 2021200,4 k €↑
2020
Annual accounts 2020188,1 k €↑
2019
Annual accounts 2019179,7 k €↑
2018
Annual accounts 2018164 k €↑
2017
Annual accounts 2017132,3 k €↓
2016
Annual accounts 2016599,6 k €↑
2015
Annual accounts 201592,8 k €↑
2014
Annual accounts 201435,7 k €↓
2013
Annual accounts 2013198,1 k €↑
2012
Annual accounts 2012154,9 k €↑
2011
Annual accounts 2011125 k €↓
2010
Annual accounts 2010127,7 k €↓
2009
Annual accounts 2009167,9 k €↓
2008
Annual accounts 2008180,7 k €↓
2007
Annual accounts 2007187,2 k €
25/11/1977
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IMGEST

Overview

What does IMGEST do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline