ACTIVE

IMAGOR S.A.

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Financial year 2025 · closed on 31/08/2025
Net result
3,8 M €
-22.6% YoY
Revenue
5,8 M €
+29.9% YoY
Equity
199,2 M €
+0.1% YoY
Workforce
10,7 ETP
-0.9% YoY

What does IMAGOR S.A. do?

IMAGOR S.A. is a Public limited company incorporated in 1997. Its registered office is in Bruxelles. It employs on average 10,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0461.328.436
Incorporation
25/08/1997
Legal form
Public limited company
Registered office
Rue Ravenstein 36
1000 Bruxelles · BruxellesSee on map
Contributed capital
195 245 649,77 €
Latest accounts
31/08/2025
Average workforce
10,7 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Revenue5,8 M €4,5 M €3,3 M €3,4 M €3,9 M €2,6 M €
EBITDA-1,4 M €-960,3 k €-1 M €-176,4 k €219,5 k €32,9 k €
Operating result-1,7 M €-1,2 M €-1,2 M €-271,7 k €175,7 k €-5,6 k €
Net result3,8 M €5 M €2,1 M €74,1 k €1,5 M €1,2 M €
Balance sheet
Equity199,2 M €199 M €198,7 M €198,6 M €200,8 M €199,3 M €
Total assets1,6 Md €1 Md €858,4 M €703 M €591,4 M €550,7 M €
Cash5,9 M €1,8 M €41 M €48,9 M €71,4 M €13,3 M €
Debts1,4 Md €802,9 M €659,7 M €504,3 M €390,6 M €351,3 M €
Other
Workforce10,7 ETP10,8 ETP7,5 ETP8,1 ETP8,0 ETP8,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/08/2025 · 4 active · 11 ended

Active mandates

Ben Broeckx

Director · since 01 février 2025 · until 10 décembre 2025

Active
Alexandre COTARMANAC'H

Director · since 16 octobre 2024 · until 08 décembre 2027

Active
Hubert LIMAGNE

Director · since 16 octobre 2024 · until 22 juillet 2025

Active
Sven MARINUS

Director · since 20 mai 2021 · until 31 janvier 2025

Active

Ended mandates

Hubert LIMAGNE

Director · since 16 octobre 2024 · until 08 décembre 2027

Ended
Sven MARINUS

Director · since 20 mai 2021 · until 14 décembre 2022

Ended
Sven MARINUS

Director · since 20 mai 2021 · until 10 décembre 2025

Ended
Philippe SYMONS

Director · since 11 décembre 2019 · until 20 mai 2021

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/09/202401/09/202301/09/202201/09/202101/09/202001/09/2019
Closing of the financial year31/08/202531/08/202431/08/202331/08/202231/08/202131/08/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/01/202614/01/202615/01/202418/01/202325/03/202230/03/2021
General meeting10/12/202519/12/202413/12/202314/12/202208/12/202109/12/2020
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/08/202510/12/202514/01/2026FrenchPDF
Full modelCorrection31/08/202419/12/202414/01/2026FrenchPDF
Full model31/08/202419/12/202431/01/2025FrenchPDF
Full model31/08/202313/12/202315/01/2024FrenchPDF
Full model31/08/202214/12/202218/01/2023FrenchPDF
Full model31/08/202108/12/202125/03/2022FrenchPDF
Full model31/08/202009/12/202030/03/2021FrenchPDF
Full model31/08/201911/12/201925/02/2020FrenchPDF
Full model31/08/201812/12/201814/02/2019FrenchPDF
Full model31/08/201713/12/201716/01/2018FrenchPDF
Full model31/08/201614/12/201624/01/2017FrenchPDF
Full model31/08/201509/12/201510/02/2016FrenchPDF
Full model31/08/201410/12/201426/02/2015FrenchPDF
Full model31/08/201311/12/201329/04/2014FrenchPDF
Full model31/08/201212/12/201216/05/2013FrenchPDF
Full model31/08/201114/12/201122/03/2012FrenchPDF
Full model31/08/201006/12/201022/02/2011FrenchPDF
Full model31/08/200909/12/200929/01/2010FrenchPDF
Full model31/08/200810/12/200819/01/2009FrenchPDF
Full model31/08/200712/12/200717/03/2008FrenchPDF
Full model31/08/200613/12/200618/01/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/08/2025 · 4 active · 11 ended

Active mandates

Ben Broeckx

Director · since 01 février 2025 · until 10 décembre 2025

Active
Alexandre COTARMANAC'H

Director · since 16 octobre 2024 · until 08 décembre 2027

Active
Hubert LIMAGNE

Director · since 16 octobre 2024 · until 22 juillet 2025

Active
Sven MARINUS

Director · since 20 mai 2021 · until 31 janvier 2025

Active

Ended mandates

Hubert LIMAGNE

Director · since 16 octobre 2024 · until 08 décembre 2027

Ended
Sven MARINUS

Director · since 20 mai 2021 · until 14 décembre 2022

Ended
Sven MARINUS

Director · since 20 mai 2021 · until 10 décembre 2025

Ended
Philippe SYMONS

Director · since 11 décembre 2019 · until 20 mai 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/12/2025
    DEMISSIONS, NOMINATIONS - DIVERS
    PDF
  • Mandates30/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates17/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office19/02/2024
    SIEGE SOCIAL - OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/01/2024
    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 20253,8 M €↓
  2. 2024
    Annual accounts 20245 M €↑
  3. 2023
    Annual accounts 20232,1 M €↑
  4. 2022
    Annual accounts 202274,1 k €↓
  5. 2021
    Annual accounts 20211,5 M €↑
  6. 2020
    Annual accounts 20201,2 M €
  7. 25/08/1997
    IncorporationPublic limited company