ACTIVE

IMBAVCO

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Financial year 2025 · closed on 30/12/2025

Net result

-153,8 k €

-25.7% YoY

Gross margin

86,1 k €

-31.5% YoY

Equity

1,3 M €

-10.6% YoY

What does IMBAVCO do?

IMBAVCO is a Private company with limited liability incorporated in 1993. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.827.897

Incorporation

31/03/1993

Legal form

Private company with limited liability

Registered office

Antoon Herbertstraat(Kor) 14
8500 Kortrijk · FlandreSee on map

Contributed capital

133 730,03 €

Latest accounts

30/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (3)

Signals

Solid equityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	86,1 k €	-31.5%	125,7 k €	+832%	13,5 k €	-98.8%	1,2 M €	+3994%	-29,5 k €	-132%	93,6 k €	+4632%	-2,1 k €	-102%	92,8 k €	+355%	20,4 k €	-56.7%	47,1 k €	+20.6%	39,1 k €	-16.9%	47 k €	-57.0%	109,4 k €	-29.3%	154,7 k €	-22.2%	199 k €	-6.7%	213,3 k €	+135%	-613,5 k €
EBITDA	-8,5 k €	-113%	66,5 k €	+1145%	-6,4 k €	-101%	1,1 M €	+2772%	-42,4 k €	-161%	69,5 k €	+389%	-24 k €	-134%	71,3 k €	+2266%	-3,3 k €	-113%	25,9 k €	+66.5%	15,6 k €	-35.7%	24,2 k €	-72.2%	87,1 k €	-33.5%	130,9 k €	-9.3%	144,3 k €	-6.0%	153,5 k €	+37.0%	112 k €
Operating result	-158,6 k €	-81.0%	-87,6 k €	+45.4%	-160,5 k €	-116%	1 M €	+1677%	-63,7 k €	-216%	54,8 k €	+245%	-37,8 k €	-162%	60,7 k €	+494%	-15,4 k €	-225%	12,3 k €	+1354%	-985 €	-111%	8,9 k €	-87.9%	73,2 k €	-26.9%	100,1 k €	-15.4%	118,4 k €	-11.4%	133,6 k €	+43.2%	93,3 k €
Net result	-153,8 k €	-25.7%	-122,3 k €	+27.4%	-168,4 k €	-124%	714 k €	+1147%	-68,2 k €	-249%	45,8 k €	+196%	-47,8 k €	-179%	60,3 k €	+110%	-604,8 k €	-5430%	-10,9 k €	-69.9%	-6,4 k €	-247%	4,4 k €	-93.4%	66,3 k €	-30.2%	95,1 k €	-19.7%	118,4 k €	-1.5%	120,2 k €	+24.3%	96,7 k €
Balance sheet
Equity	1,3 M €	-10.6%	1,4 M €	-7.8%	1,6 M €	-9.7%	1,7 M €	+69.8%	1 M €	+375%	-372 k €	+11.0%	-417,7 k €	-6.3%	-392,8 k €	+13.3%	-453,2 k €	-399%	151,7 k €	-6.7%	162,6 k €	-3.8%	169,1 k €	-54.0%	367,5 k €	+22.0%	301,1 k €	-9.7%	333,4 k €	+5.1%	317,3 k €	-20.1%	397 k €
Total assets	3,3 M €	-5.1%	3,5 M €	-3.2%	3,6 M €	-5.8%	3,8 M €	+48.1%	2,6 M €	+796%	287,4 k €	-0.4%	288,5 k €	-0.8%	290,8 k €	-36.4%	457,5 k €	+59.2%	287,3 k €	+3.2%	278,3 k €	-20.6%	350,7 k €	-31.5%	512 k €	+11.5%	459,3 k €	-6.5%	491,1 k €	-7.7%	532,1 k €	-48.7%	1 M €
Cash	6,6 k €	-46.7%	12,3 k €	-39.2%	20,3 k €	-82.7%	117,1 k €	-63.4%	319,7 k €	+9011%	3,5 k €	-79.0%	16,7 k €	-36.4%	26,3 k €	+778%	3 k €	-52.0%	6,2 k €	+15.1%	5,4 k €	-89.2%	50 k €	-71.3%	174,1 k €	+19.8%	145,3 k €	-28.9%	204,4 k €	+51.2%	135,2 k €	+105%	65,8 k €
Debts	1,4 M €	+0.9%	1,4 M €	+3.3%	1,4 M €	-1.2%	1,4 M €	+23.9%	1,1 M €	+68.2%	659,3 k €	-6.6%	706,2 k €	+3.3%	683,6 k €	-24.9%	910,7 k €	+571%	135,6 k €	+17.3%	115,7 k €	-36.3%	181,7 k €	+25.7%	144,5 k €	-8.6%	158,2 k €	+0.3%	157,7 k €	-26.6%	214,8 k €	-66.4%	639,6 k €
Other
Workforce	–		–		0,1 ETP		–		–		–		–		–		–		–		–		–		–		0,1 ETP	-90.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

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 30/12/2025 · 2 active · 18 ended

Active mandates

Veronique De Smet

Director · since 02 décembre 2025

Active

Anna Vlieghe

Director · until 02 décembre 2025

Active

Ended mandates

Anna Vlieghe

Director · since 02 mai 2021

Ended

Antoine De Smet

Director · since 27 mars 2012

Ended

NOVESCO

Director · since 04 juillet 2008 · 0425.080.625

Represented by Veronique De Smet

Ended

Anne VLIEGHE

Managing director · since 29 décembre 2006

Ended

At this address

Other companies at this address

Company	CBE no.
Wallekant● Active	0720.807.988

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	13/07/2026	22/04/2025	19/06/2024	26/06/2023	15/07/2022	26/07/2021
General meeting	30/06/2026	31/03/2025	28/05/2024	30/05/2023	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Micro model	30/12/2024	31/03/2025	22/04/2025	Dutch	PDF
Abridged model	30/12/2023	28/05/2024	19/06/2024	Dutch	PDF
Abridged model	30/12/2022	30/05/2023	26/06/2023	Dutch	PDF
Abridged model	30/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Abridged model	30/12/2020	30/06/2021	26/07/2021	Dutch	PDF
Abridged model	30/12/2019	23/06/2020	31/07/2020	Dutch	PDF
Abridged model	30/12/2018	24/06/2019	09/07/2019	Dutch	PDF
Abridged model	30/12/2017	30/05/2018	28/06/2018	Dutch	PDF
Abridged model	30/12/2016	29/06/2017	24/07/2017	Dutch	PDF
Abridged model	30/12/2015	30/06/2016	11/07/2016	Dutch	PDF
Abridged model	30/12/2014	19/06/2015	18/07/2015	Dutch	PDF
Abridged model	30/12/2013	29/06/2014	28/07/2014	Dutch	PDF
Abridged model	30/12/2012	30/06/2013	30/08/2013	Dutch	PDF
Abridged modelCorrection	30/12/2011	16/03/2012	30/08/2013	Dutch	PDF
Abridged model	30/12/2011	16/03/2012	13/04/2012	Dutch	PDF
Abridged model	30/12/2010	20/06/2011	25/06/2011	Dutch	PDF
Abridged model	30/12/2009	30/08/2010	31/08/2010	Dutch	PDF
Abridged model	30/12/2008	30/06/2009	24/07/2009	Dutch	PDF
Abridged model	30/12/2007	30/06/2008	23/07/2008	Dutch	PDF
Abridged model	30/12/2006	29/06/2007	26/07/2007	Dutch	PDF

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 30/12/2025 · 2 active · 18 ended

Active mandates

Veronique De Smet

Director · since 02 décembre 2025

Active

Anna Vlieghe

Director · until 02 décembre 2025

Active

Ended mandates

Anna Vlieghe

Director · since 02 mai 2021

Ended

Antoine De Smet

Director · since 27 mars 2012

Ended

NOVESCO

Director · since 04 juillet 2008 · 0425.080.625

Represented by Veronique De Smet

Ended

Anne VLIEGHE

Managing director · since 29 décembre 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other31/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates14/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2012
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates10/08/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/01/2007
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 2025-153,8 k €↓
2024
Annual accounts 2024-122,3 k €↑
2023
Annual accounts 2023-168,4 k €↓
2022
Annual accounts 2022714 k €↑
2021
Annual accounts 2021-68,2 k €↓
2018
Annual accounts 201845,8 k €↑
2017
Annual accounts 2017-47,8 k €↓
2015
Annual accounts 201560,3 k €↑
2014
Annual accounts 2014-604,8 k €↓
2013
Annual accounts 2013-10,9 k €↓
2012
Annual accounts 2012-6,4 k €↓
2011
Annual accounts 20114,4 k €↓
2010
Annual accounts 201066,3 k €↓
2009
Annual accounts 200995,1 k €↓
2008
Annual accounts 2008118,4 k €↓
2007
Annual accounts 2007120,2 k €↑
2006
Annual accounts 200696,7 k €
31/03/1993
IncorporationPrivate company with limited liability

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

IMBAVCO

Overview

What does IMBAVCO do?

Trend over 17 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