ACTIVE

Immogar

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Financial year 2025 · closed on 31/12/2025

Net result

165,5 k €

+3148.1% YoY

Gross margin

424,5 k €

+85.5% YoY

Equity

1,5 M €

+6.1% YoY

What does Immogar do?

Immogar is a Public limited company incorporated in 1987. Its registered office is in Sint-Martens-Latem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.855.489

Incorporation

30/03/1987

Legal form

Public limited company

Registered office

Koperstraat 12 box 4
9830 Sint-Martens-Latem · FlandreSee on map

Contributed capital

669 312,52 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	424,5 k €	+85.5%	228,9 k €	-30.6%	329,8 k €	-3.2%	340,5 k €	-46.1%	631,5 k €	+80.9%	349,1 k €	-15.0%	410,9 k €	-3.2%	424,7 k €	+7.3%	395,9 k €	+9.6%	361,3 k €	-2.2%	369,3 k €	-16.4%	441,6 k €	+6.0%	416,6 k €	+1.6%	410 k €	-0.0%	410,2 k €	-1.9%	418,1 k €	+9.6%	381,5 k €	+21.0%	315,2 k €	+47.6%	213,6 k €	+7.0%	199,5 k €
EBITDA	346,9 k €	+126%	153,7 k €	-41.0%	260,5 k €	-5.9%	276,9 k €	-51.9%	575,6 k €	+64.0%	350,9 k €	-1.1%	355 k €	+13.5%	312,6 k €	+19.6%	261,4 k €	+1.8%	256,8 k €	-10.0%	285,5 k €	-27.2%	392,4 k €	+6.3%	369 k €	+16.7%	316,3 k €	-13.9%	367,4 k €	-1.9%	374,6 k €	+8.9%	344 k €	+23.2%	279,3 k €	+184%	98,3 k €	-40.7%	165,8 k €
Operating result	228,8 k €	+1601%	13,5 k €	-88.8%	120,2 k €	+5.4%	114 k €	-74.2%	441,2 k €	+130%	191,9 k €	+23.0%	156 k €	+10.6%	141,1 k €	+82.5%	77,3 k €	-9.5%	85,4 k €	-22.2%	109,8 k €	-44.3%	197,2 k €	+56.9%	125,7 k €	+7.2%	117,2 k €	-33.6%	176,6 k €	-2.2%	180,6 k €	+16.4%	155,2 k €	+33.1%	116,6 k €	+524%	-27,5 k €	-131%	87,3 k €
Net result	165,5 k €	+3148%	5,1 k €	-93.6%	80,1 k €	+14.3%	70,1 k €	-77.3%	309,1 k €	+216%	97,8 k €	+24.0%	78,9 k €	+36.2%	57,9 k €	+341%	13,1 k €	+12.8%	11,6 k €	-78.4%	53,9 k €	-38.7%	87,8 k €	+104%	43 k €	+8.5%	39,6 k €	-59.2%	97,1 k €	+3.6%	93,7 k €	-5.2%	98,9 k €	+648%	-18 k €	+85.8%	-127,1 k €	-287%	67,8 k €
Balance sheet
Equity	1,5 M €	+6.1%	1,4 M €	-4.5%	1,5 M €	+5.7%	1,4 M €	+1.1%	1,4 M €	+0.2%	1,4 M €	+7.6%	1,3 M €	+6.6%	1,2 M €	+5.1%	1,1 M €	+1.2%	1,1 M €	+1.0%	1,1 M €	+5.1%	1,1 M €	+9.0%	977,5 k €	+2.0%	958,1 k €	+4.3%	918,5 k €	+11.8%	821,4 k €	+12.9%	727,7 k €	+15.7%	628,8 k €	-2.8%	646,8 k €	-16.4%	773,9 k €
Total assets	1,7 M €	+2.6%	1,6 M €	-6.0%	1,7 M €	-1.8%	1,8 M €	-8.8%	1,9 M €	-9.0%	2,1 M €	-12.7%	2,5 M €	-1.5%	2,5 M €	-4.9%	2,6 M €	-2.8%	2,7 M €	-6.1%	2,9 M €	-3.5%	3 M €	-2.7%	3,1 M €	+2.2%	3 M €	+14.0%	2,6 M €	-2.1%	2,7 M €	-2.1%	2,7 M €	-0.8%	2,8 M €	-17.6%	3,3 M €	+201%	1,1 M €
Cash	225,5 k €	-5.8%	239,4 k €	-8.1%	260,4 k €	+73.0%	150,5 k €	-63.4%	411,1 k €	+264%	112,9 k €	-58.2%	270,4 k €	-22.2%	347,3 k €	+29.6%	268 k €	+31.2%	204,2 k €	-38.5%	332 k €	+159%	128,1 k €	+155%	50,3 k €	-11.0%	56,5 k €	-76.6%	240,9 k €	+78.1%	135,2 k €	+483%	23,2 k €	-80.3%	117,7 k €	-89.6%	1,1 M €	+663%	147,9 k €
Debts	168,3 k €	-20.3%	211,2 k €	-16.0%	251,5 k €	-30.8%	363,4 k €	-34.0%	550,8 k €	-27.9%	763,7 k €	-31.3%	1,1 M €	-3.6%	1,2 M €	-13.9%	1,3 M €	-12.4%	1,5 M €	-10.8%	1,7 M €	-10.0%	1,9 M €	-8.3%	2,1 M €	+2.3%	2 M €	+19.3%	1,7 M €	-8.3%	1,9 M €	-7.5%	2 M €	-5.7%	2,1 M €	+21.5%	1,8 M €	+418%	337,9 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 · 3 active · 10 ended

Active mandates

JEAN-LUC DELEERSNYDER

Director

Active

KAREL BAEKE

Managing director

Active

Marie-Christine Deleersnyder

Director

Active

Ended mandates

Jean-Luc Deleersnyder

Director · since 05 juin 2017 · until 05 juin 2023

Ended

Karel Baeke

Managing director · since 05 juin 2017 · until 05 juin 2023

Ended

Marie-Christine Deleersnyder

Director · since 05 juin 2017 · until 05 juin 2023

Ended

Jean-Luc Deleersnyder

Director · since 06 juin 2011 · until 05 juin 2017

Ended

At this address

Other companies at this address

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Decolvenaere● Active	0726.481.302
Dever-Art● Active	0721.676.535
J.D.A.● Active	0442.159.850
VERDES INVEST● Active	0451.964.669

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	10/08/2026	23/07/2025	15/07/2024	09/06/2023	07/06/2022	10/06/2021
General meeting	05/08/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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	05/08/2026	10/08/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	23/07/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	15/07/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	09/06/2023	Dutch	PDF
Micro model	31/12/2021	06/06/2022	07/06/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	10/06/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	03/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	06/06/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	18/08/2010	Dutch	PDF
Abridged model	31/12/2008	22/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	12/07/2007	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 · 3 active · 10 ended

Active mandates

JEAN-LUC DELEERSNYDER

Director

Active

KAREL BAEKE

Managing director

Active

Marie-Christine Deleersnyder

Director

Active

Ended mandates

Jean-Luc Deleersnyder

Director · since 05 juin 2017 · until 05 juin 2023

Ended

Karel Baeke

Managing director · since 05 juin 2017 · until 05 juin 2023

Ended

Marie-Christine Deleersnyder

Director · since 05 juin 2017 · until 05 juin 2023

Ended

Jean-Luc Deleersnyder

Director · since 06 juin 2011 · until 05 juin 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares07/10/2021
KAPITAAL - AANDELEN
PDF
Mandates30/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office13/05/2015
MAATSCHAPPELIJKE ZETEL
PDF
Other18/07/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares17/01/2014
KAPITAAL - AANDELEN
PDF
Mandates23/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other26/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025165,5 k €↑
2024
Annual accounts 20245,1 k €↓
2023
Annual accounts 202380,1 k €↑
2022
Annual accounts 202270,1 k €↓
2021
Annual accounts 2021309,1 k €↑
2020
Annual accounts 202097,8 k €↑
2019
Annual accounts 201978,9 k €↑
2018
Annual accounts 201857,9 k €↑
2017
Annual accounts 201713,1 k €↑
2016
Annual accounts 201611,6 k €↓
2015
Annual accounts 201553,9 k €↓
2014
Annual accounts 201487,8 k €↑
2013
Annual accounts 201343 k €↑
2012
Annual accounts 201239,6 k €↓
2011
Annual accounts 201197,1 k €↑
2010
Annual accounts 201093,7 k €↓
2009
Annual accounts 200998,9 k €↑
2008
Annual accounts 2008-18 k €↑
2007
Annual accounts 2007-127,1 k €↓
2006
Annual accounts 200667,8 k €
30/03/1987
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

Immogar

Overview

What does Immogar do?

Trend over 20 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