ACTIVE

IMAGOR S.A.

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Financial year 2025 · Closed on 31/08/2025

Net result3,8 M €-22,6 %over 1 year

Revenue5,8 M €+29,9 %over 1 year

Equity199,2 M €+0,1 %over 1 year

Workforce10,7 ETP-0,9 %over 1 year

Identity

Source · BCE/KBO

IMAGOR S.A. is a Public limited company incorporated in 1997. Its main activity is: Activities of head offices. 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

Activities (NACE)

70100Activities of head offices· main 70100Activities of head offices 74152Specialised design activities

Joint committees (1)

Signals

ProfitablePositive cashflowHigh revenue

Financials

Source · NBB, 21 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	5,8 M €	+29.9%	4,5 M €	+36.4%	3,3 M €	-3.2%	3,4 M €	-12.5%	3,9 M €
EBITDA	-1,4 M €	-50.4%	-960,3 k €	+5.6%	-1 M €	-477%	-176,4 k €	-180%	219,5 k €
Operating result	-1,7 M €	-44.0%	-1,2 M €	-2.2%	-1,2 M €	-329%	-271,7 k €	-255%	175,7 k €
Net result	3,8 M €	-22.6%	5 M €	+136%	2,1 M €	+2746%	74,1 k €	-95.2%	1,5 M €
Balance sheet
Equity	199,2 M €	+0.1%	199 M €	+0.1%	198,7 M €	+0.1%	198,6 M €	-1.1%	200,8 M €
Total assets	1,6 Md €	+57.7%	1 Md €	+16.7%	858,4 M €	+22.1%	703 M €	+18.9%	591,4 M €
Cash	5,9 M €	+221%	1,8 M €	-95.5%	41 M €	-16.2%	48,9 M €	-31.6%	71,4 M €
Debts	1,4 Md €	+72.0%	802,9 M €	+21.7%	659,7 M €	+30.8%	504,3 M €	+29.1%	390,6 M €
Other
Workforce	10,7 ETP	-0.9%	10,8 ETP	+44.0%	7,5 ETP	-7.4%	8,1 ETP	+1.2%	8,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/08/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ben Broeckx	Director01/02/2025 → 10/12/2025
Alexandre COTARMANAC'H	Director16/10/2024 → 08/12/2027
Hubert LIMAGNE	Director16/10/2024 → 08/12/2027
Sven MARINUS	Director20/05/2021 → 10/12/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe SYMONS	Director11/12/2019 → 2021 accounts
Nicolas MOREL	Director05/07/2019 → 2022 accounts

Other companies at this address

Rue Ravenstein 36 1000 Bruxelles

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PARTENA - SECRETARIAT SOCIAL D'EMPLOYEURS - PARTENA - SOCIAAL SECRETARIAAT VOOR werkgevers● Active	0409.536.968
PLUXEE BELGIUM● Active	0403.167.335
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/01/2026	14/01/2026	15/01/2024	18/01/2023	25/03/2022	30/03/2021
General meeting	10/12/2025	19/12/2024	13/12/2023	14/12/2022	08/12/2021	09/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/08/2025	10/12/2025	14/01/2026	French	PDF
Full modelCorrection	31/08/2024	19/12/2024	14/01/2026	French	PDF
Full model	31/08/2024	19/12/2024	31/01/2025	French	PDF
Full model	31/08/2023	13/12/2023	15/01/2024	French	PDF
Full model	31/08/2022	14/12/2022	18/01/2023	French	PDF
Full model	31/08/2021	08/12/2021	25/03/2022	French	PDF
Full model	31/08/2020	09/12/2020	30/03/2021	French	PDF
Full model	31/08/2019	11/12/2019	25/02/2020	French	PDF
Full model	31/08/2018	12/12/2018	14/02/2019	French	PDF
Full model	31/08/2017	13/12/2017	16/01/2018	French	PDF
Full model	31/08/2016	14/12/2016	24/01/2017	French	PDF
Full model	31/08/2015	09/12/2015	10/02/2016	French	PDF
Full model	31/08/2014	10/12/2014	26/02/2015	French	PDF
Full model	31/08/2013	11/12/2013	29/04/2014	French	PDF
Full model	31/08/2012	12/12/2012	16/05/2013	French	PDF
Full model	31/08/2011	14/12/2011	22/03/2012	French	PDF
Full model	31/08/2010	06/12/2010	22/02/2011	French	PDF
Full model	31/08/2009	09/12/2009	29/01/2010	French	PDF
Full model	31/08/2008	10/12/2008	19/01/2009	French	PDF
Full model	31/08/2007	12/12/2007	17/03/2008	French	PDF
Full model	31/08/2006	13/12/2006	18/01/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/08/2025

4 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ben Broeckx	Director01/02/2025 → 10/12/2025
Alexandre COTARMANAC'H	Director16/10/2024 → 08/12/2027
Hubert LIMAGNE	Director16/10/2024 → 08/12/2027
Sven MARINUS	Director20/05/2021 → 10/12/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Philippe SYMONS	Director11/12/2019 → 2021 accounts
Nicolas MOREL	Director05/07/2019 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings6 filings

Mandates

Ben Broeckx

Hubert LIMAGNE

Alexandre COTARMANAC'H

Sven MARINUS

Philippe SYMONS

Thierry RENARD

Nicolas MOREL

1997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

IMAGOR S.A.

Rue Ravenstein 36, 1000 BrusselsBoulevard de la Plaine 15, 1050 Ixelles

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Ravenstein 36, 1000 BrusselsCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00009889
Boulevard de la Plaine 15, 1050 Ixelles	accounts 2022 → 2023	Accounts 2023 · 2024-00002898

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
IMAGOR S.A.Current	accounts 2022 → 2025	Accounts 2025 · 2026-00009889

Events

2025
Annual accounts 20253,8 M €↓
2024
Annual accounts 20245 M €↑
2023
Annual accounts 20232,1 M €↑
2022
Annual accounts 202274,1 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 20201,2 M €
25/08/1997
IncorporationPublic limited company

IMAGOR S.A.

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events