ACTIVE

IMOFRA

Financial year 2025 · closed on 31/12/2025
Net result
85,1 k €
+237.8% YoY
Gross margin
334,5 k €
+28.6% YoY
Equity
3,8 M €
+2.3% YoY

What does IMOFRA do?

IMOFRA is a Public limited company incorporated in 1991. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0443.705.516
Incorporation
15/03/1991
Legal form
Public limited company
Registered office
Rue des Sablons 9
1000 Bruxelles · BruxellesSee on map
Contributed capital
3 187 612,50 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin334,5 k €260,1 k €320,7 k €431,5 k €414,3 k €378 k €313,5 k €302,1 k €257,6 k €273,1 k €159,5 k €200,5 k €114,1 k €115,2 k €112,3 k €84,6 k €95,9 k €95,2 k €89,6 k €
EBITDA297,9 k €111,4 k €135,4 k €397 k €376 k €340 k €279,6 k €254,6 k €234,1 k €209,6 k €136,2 k €178,3 k €102,9 k €104,3 k €101,6 k €74 k €85,6 k €85,1 k €79,6 k €
Operating result127,1 k €-44,7 k €-10,4 k €268,9 k €247,6 k €211 k €136,7 k €134,7 k €119,8 k €108 k €44,2 k €46,7 k €85,2 k €86,1 k €83,7 k €56,7 k €68,3 k €67,8 k €62,8 k €
Net result85,1 k €-61,8 k €-30 k €212,3 k €184,9 k €159,2 k €96,8 k €96 k €89,5 k €90,4 k €44,5 k €42,4 k €58,5 k €58,2 k €56,6 k €39,1 k €44,8 k €41,1 k €45,8 k €
Balance sheet
Equity3,8 M €3,8 M €3,8 M €3,8 M €3,6 M €3,7 M €4 M €3,9 M €3,8 M €3,7 M €3,6 M €3,6 M €522,7 k €464,1 k €441,9 k €445,3 k €506,3 k €461,5 k €420,4 k €
Total assets5,5 M €5,5 M €5,3 M €5,1 M €4,9 M €4,3 M €4 M €3,9 M €3,8 M €3,8 M €3,7 M €3,6 M €602,9 k €635,1 k €674,5 k €749 k €728,3 k €728,1 k €723,3 k €
Cash360 k €255,2 k €727,7 k €1,6 M €1,4 M €705,9 k €306,8 k €345,5 k €163,4 k €114,4 k €266,3 k €144,5 k €14,4 k €28,8 k €55,9 k €111,5 k €78,2 k €20,1 k €42,9 k €
Debts1,7 M €1,7 M €1,5 M €1,3 M €1,4 M €629,5 k €1,4 k €5,1 k €4,1 k €32,5 k €26,6 k €80 k €169,4 k €231,7 k €303,5 k €222 k €262,2 k €302,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 29 ended

Active mandates

David Sierzant Acitores

Mandate

Active

Ended mandates

David SIERZANT

Mandate · since 17 décembre 2013 · until 30 juin 2020

Ended
David SIERZANT ACITORES

Managing director · since 17 décembre 2013

Ended
Liza ACITORES BALBAS

Director · since 17 décembre 2013

Ended
Maria-Luisa ACITORES-BALBAS

Mandate · since 17 décembre 2013 · until 30 juin 2020

Ended
At this address

Other companies at this address

CompanyCBE no.
ACITORES BALBASActive
1032.108.704
0441.184.308
0435.708.459
BALBASActive
0447.532.660
0403.345.103
0860.447.012
SONTAGActive
0415.721.115
TVO CONSEILActive
0767.757.077
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/09/202627/06/202528/06/202423/06/202301/08/202218/08/2021
General meeting17/06/202618/06/202519/06/202421/06/202315/06/202216/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202517/06/202617/09/2026FrenchPDF
Abridged model31/12/202418/06/202527/06/2025FrenchPDF
Abridged model31/12/202319/06/202428/06/2024FrenchPDF
Abridged model31/12/202221/06/202323/06/2023FrenchPDF
Abridged model31/12/202115/06/202201/08/2022FrenchPDF
Micro model31/12/202016/06/202118/08/2021FrenchPDF
Micro model31/12/201901/07/202031/08/2020FrenchPDF
Micro model31/12/201819/06/201931/08/2019FrenchPDF
Micro model31/12/201720/06/201827/07/2018FrenchPDF
Micro model31/12/201621/06/201725/07/2017FrenchPDF
Abridged model31/12/201515/06/201625/08/2016FrenchPDF
Abridged model31/12/201417/06/201528/07/2015FrenchPDF
Abridged model30/06/201320/11/201302/12/2013FrenchPDF
Abridged model30/06/201221/11/201203/12/2012FrenchPDF
Abridged model30/06/201116/11/201105/12/2011FrenchPDF
Abridged model30/06/201017/11/201018/11/2010FrenchPDF
Abridged model30/06/200918/11/200911/12/2009FrenchPDF
Abridged model30/06/200819/11/200802/12/2008FrenchPDF
Abridged model30/06/200721/11/200729/11/2007FrenchPDF
Abridged model30/06/200615/11/200615/01/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 29 ended

Active mandates

David Sierzant Acitores

Mandate

Active

Ended mandates

David SIERZANT

Mandate · since 17 décembre 2013 · until 30 juin 2020

Ended
David SIERZANT ACITORES

Managing director · since 17 décembre 2013

Ended
Liza ACITORES BALBAS

Director · since 17 décembre 2013

Ended
Maria-Luisa ACITORES-BALBAS

Mandate · since 17 décembre 2013 · until 30 juin 2020

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares16/02/2024
    CAPITAL, ACTIONS
    PDF
  • Other20/04/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates07/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/03/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/03/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares12/11/2014
    CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other28/07/2014
    ASSEMBLEE GENERALE - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates13/01/2014
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 202585,1 k €
  2. 2024
    Annual accounts 2024-61,8 k €
  3. 2023
    Annual accounts 2023-30 k €
  4. 2022
    Annual accounts 2022212,3 k €
  5. 2021
    Annual accounts 2021184,9 k €
  6. 2020
    Annual accounts 2020159,2 k €
  7. 2019
    Annual accounts 201996,8 k €
  8. 2018
    Annual accounts 201896 k €
  9. 2017
    Annual accounts 201789,5 k €
  10. 2016
    Annual accounts 201690,4 k €
  11. 2015
    Annual accounts 201544,5 k €
  12. 2014
    Annual accounts 201442,4 k €
  13. 2013
    Annual accounts 201358,5 k €
  14. 2012
    Annual accounts 201258,2 k €
  15. 2011
    Annual accounts 201156,6 k €
  16. 2010
    Annual accounts 201039,1 k €
  17. 2009
    Annual accounts 200944,8 k €
  18. 2008
    Annual accounts 200841,1 k €
  19. 2007
    Annual accounts 200745,8 k €
  20. 15/03/1991
    IncorporationPublic limited company