ACTIVE

IMACA

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Financial year 2025 · closed on 31/12/2025

Net result

269,5 k €

+3179.7% YoY

Gross margin

404,1 k €

+1820.4% YoY

Equity

607,4 k €

+79.8% YoY

What does IMACA do?

IMACA is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Brecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.643.482

Incorporation

18/04/1990

Legal form

Public limited company

Registered office

Kerkstraat 43
2960 Brecht · FlandreSee on map

Contributed capital

243 803,28 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 70201Management consultancy activities 08123Operation of gravel and sand pits; mining of clays and kaolin 08123Operation of gravel and sand pits; mining of clays and kaolin 14220Manufacture of articles of fur

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	404,1 k €	+1820%	21 k €	+38.5%	15,2 k €	-18.3%	18,6 k €	-23.2%	24,2 k €	+25.8%	19,2 k €	-47.1%	36,4 k €	-3.9%	37,8 k €	+165%	14,3 k €	-95.6%	324,8 k €	+618%	45,2 k €	+23.7%	36,5 k €	+33.2%	27,4 k €	+138%	11,5 k €	+415%	2,2 k €	+151%	891,4 €	-59.4%	2,2 k €	-43.7%	3,9 k €	+507%	-958,6 €	-20.8%	-793,4 €
EBITDA	401,4 k €	+2073%	18,5 k €	+45.9%	12,7 k €	-19.6%	15,8 k €	-26.4%	21,4 k €	+30.1%	16,5 k €	-51.2%	33,8 k €	-4.2%	35,3 k €	+156%	13,8 k €	-95.7%	319,4 k €	+610%	45 k €	+23.9%	36,3 k €	+33.4%	27,2 k €	+140%	11,4 k €	+445%	2,1 k €	+181%	740,7 €	-63.8%	2 k €	-45.6%	3,8 k €	+446%	-1,1 k €	-24.5%	-872,7 €
Operating result	384,6 k €	+7386%	-5,3 k €	+62.5%	-14,1 k €	-28.2%	-11 k €	-107%	-5,3 k €	+48.3%	-10,3 k €	-246%	7 k €	-17.5%	8,5 k €	+166%	-12,9 k €	-104%	299,9 k €	+688%	38,1 k €	+29.5%	29,4 k €	+44.8%	20,3 k €	+358%	4,4 k €	+113%	2,1 k €	+181%	740,7 €	-63.8%	2 k €	-45.6%	3,8 k €	+446%	-1,1 k €	+0.1%	-1,1 k €
Net result	269,5 k €	+3180%	-8,8 k €	+68.4%	-27,7 k €	-27.2%	-21,8 k €	-35.3%	-16,1 k €	+23.6%	-21,1 k €	-242%	-6,2 k €	-332%	-1,4 k €	+92.6%	-19,4 k €	-111%	182,8 k €	+467%	32,2 k €	+48.5%	21,7 k €	+44.3%	15 k €	+1946%	-814,6 €	+59.3%	-2 k €	+53.4%	-4,3 k €	-152%	-1,7 k €	+1.6%	-1,7 k €	+78.6%	-8,1 k €	+53.8%	-17,5 k €
Balance sheet
Equity	607,4 k €	+79.8%	337,9 k €	-2.5%	346,6 k €	-7.4%	374,4 k €	-5.5%	396,2 k €	-3.9%	412,3 k €	-4.9%	433,4 k €	+1.3%	427,6 k €	+2.8%	416,1 k €	-4.4%	435,5 k €	+72.4%	252,6 k €	+14.6%	220,4 k €	+10.9%	198,7 k €	+8.2%	183,7 k €	-0.4%	184,5 k €	-1.1%	186,5 k €	-2.3%	190,8 k €	-0.9%	192,5 k €	-0.9%	194,2 k €	-4.0%	202,3 k €
Total assets	966,4 k €	+37.7%	701,5 k €	-1.7%	714 k €	-4.5%	747,4 k €	-3.2%	772 k €	-2.6%	792,3 k €	-3.1%	817,7 k €	-1.3%	828,7 k €	-1.1%	837,8 k €	-1.8%	853,2 k €	+145%	347,9 k €	+9.5%	317,6 k €	+8.0%	294 k €	+4.9%	280,3 k €	+0.7%	278,3 k €	-0.7%	280,4 k €	-1.5%	284,6 k €	-1.0%	287,5 k €	-1.0%	290,4 k €	-2.8%	298,7 k €
Cash	99,6 k €	+362%	21,6 k €	-74.8%	85,5 k €	-47.0%	161,3 k €	+1.2%	159,4 k €	+3.6%	153,9 k €	+1.2%	152 k €	+12.6%	135 k €	+14.3%	118,1 k €	-43.0%	207,1 k €	-9.4%	228,5 k €	+21.7%	187,8 k €	+20.7%	155,6 k €	+19.4%	130,3 k €	-0.3%	130,7 k €	-1.9%	133,2 k €	-3.1%	137,5 k €	-2.2%	140,6 k €	-1.9%	143,3 k €	-5.5%	151,6 k €
Debts	318,2 k €	-0.2%	318,9 k €	+0.1%	318,6 k €	-0.0%	318,6 k €	-0.1%	318,9 k €	-0.0%	319 k €	-0.1%	319,2 k €	-0.0%	319,3 k €	-0.9%	322,1 k €	+3.0%	312,6 k €	+252%	88,9 k €	-8.6%	97,2 k €	+2.0%	95,3 k €	-1.4%	96,6 k €	+3.0%	93,8 k €	-0.1%	93,9 k €	+0.0%	93,9 k €	-1.2%	95 k €	-1.3%	96,2 k €	-0.1%	96,3 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 · 20 ended

Active mandates

CATHERINE DE CORSWAREM

Director

Active

IGNACE DE CORSWAREM

Director

Active

MARIE-PAULE DE CORSWAREM

Director

Active

Ended mandates

CATHERINE DE CORSWAREM

Managing director · since 28 mai 2021

Ended

IGNACE DE CORSWAREM

Director · since 28 mai 2021

Ended

MARIE-PAULE DE CORSWAREM

Director · since 28 mai 2021

Ended

CATHERINE DE CORSWAREM

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

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	02/06/2026	31/07/2025	19/08/2024	03/07/2023	20/06/2022	29/07/2021
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	02/06/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	19/08/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	20/06/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	29/07/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	11/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	28/08/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	09/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	20/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	23/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	27/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	01/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	25/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	03/08/2007	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 · 3 active · 20 ended

Active mandates

CATHERINE DE CORSWAREM

Director

Active

IGNACE DE CORSWAREM

Director

Active

MARIE-PAULE DE CORSWAREM

Director

Active

Ended mandates

CATHERINE DE CORSWAREM

Managing director · since 28 mai 2021

Ended

IGNACE DE CORSWAREM

Director · since 28 mai 2021

Ended

MARIE-PAULE DE CORSWAREM

Director · since 28 mai 2021

Ended

CATHERINE DE CORSWAREM

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/09/2020
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2004
ONTSLAGEN - BENOEMINGEN
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 2025269,5 k €↑
2024
Annual accounts 2024-8,8 k €↑
2023
Annual accounts 2023-27,7 k €↓
2022
Annual accounts 2022-21,8 k €↓
2021
Annual accounts 2021-16,1 k €↑
2020
Annual accounts 2020-21,1 k €↓
2019
Annual accounts 2019-6,2 k €↓
2018
Annual accounts 2018-1,4 k €↑
2017
Annual accounts 2017-19,4 k €↓
2016
Annual accounts 2016182,8 k €↑
2015
Annual accounts 201532,2 k €↑
2014
Annual accounts 201421,7 k €↑
2013
Annual accounts 201315 k €↑
2012
Annual accounts 2012-814,6 €↑
2011
Annual accounts 2011-2 k €↑
2010
Annual accounts 2010-4,3 k €↓
2009
Annual accounts 2009-1,7 k €↑
2008
Annual accounts 2008-1,7 k €↑
2007
Annual accounts 2007-8,1 k €↑
2006
Annual accounts 2006-17,5 k €
18/04/1990
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

IMACA

Overview

What does IMACA do?

Trend over 20 financial years

Indicative valuation

Board of directors

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