ACTIVE

IMASFIN

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Financial year 2025 · closed on 31/12/2025
Net result
1 M €
-29.0% YoY
Gross margin
227,4 k €
-16.9% YoY
Equity
15,7 M €
+0.3% YoY
Workforce
3,0 ETP
-14.3% YoY

What does IMASFIN do?

IMASFIN is a Public limited company incorporated in 2006. Its main activity is: Other monetary intermediation. Its registered office is in Stabroek. It employs on average 3,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0879.156.233
Incorporation
06/02/2006
Legal form
Public limited company
Registered office
Laageind 91
2940 Stabroek · FlandreSee on map
Contributed capital
15 000 000,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Activities (NACE)
64190Other monetary intermediation· main64190Other monetary intermediation68100Buying and selling of own real estate68110Buying and selling of own real estate
Joint committees (2)
  • 200
  • 218
Signals
ProfitableGood liquidityPositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132010200920072006
Income statement
Gross margin227,4 k €273,7 k €279 k €306 k €–––––––––––––
EBITDA-84 k €-81,7 k €-72,1 k €58,3 k €-162,4 k €-154,1 k €-173,9 k €-158,7 k €-127,9 k €-100,2 k €-68,6 k €23,4 k €-68,2 k €-59,4 k €-58,8 k €-79,2 k €-4,2 k €
Operating result-84 k €-81,7 k €-72,1 k €58,3 k €-162,4 k €-154,1 k €-173,9 k €-158,7 k €-128 k €-107,1 k €-76 k €16 k €-75,7 k €-59,4 k €-58,8 k €-80 k €-10,8 k €
Net result1 M €1,5 M €771,8 k €550,9 k €781,8 k €-462,6 k €680,2 k €490,8 k €303,5 k €493,1 k €545,1 k €688 k €474,4 k €425,5 k €576,5 k €650,4 k €610,8 k €
Balance sheet
Equity15,7 M €15,6 M €15,6 M €15,5 M €15,5 M €15 M €15,5 M €15,4 M €15,5 M €18 M €18 M €17,8 M €17,1 M €15,5 M €15,5 M €15,1 M €15 M €
Total assets110,4 M €103,8 M €76,1 M €63,4 M €66,8 M €62,8 M €66,9 M €57,8 M €49,5 M €46,6 M €47,5 M €50,3 M €43,1 M €22,2 M €21,7 M €23,4 M €20 M €
Cash3,1 M €8,4 M €2 M €9,9 k €211,1 k €744,6 k €12,1 k €13,1 k €16,4 k €12,2 k €10,6 k €10,9 k €793,5 k €2,4 k €597,4 k €285 €2,7 k €
Debts94,6 M €87,9 M €60,5 M €47,7 M €51,2 M €47,7 M €51,3 M €42,4 M €34 M €28,2 M €29,3 M €32,4 M €25,8 M €6,7 M €6,1 M €8,3 M €4,9 M €
Other
Workforce3,0 ETP3,5 ETP3,8 ETP3,0 ETP3,0 ETP1,2 ETP2,1 ETP2,8 ETP4,3 ETP4,8 ETP3,9 ETP4,9 ETP4,5 ETP1,0 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 20 ended

Active mandates

Gregorius Aertssen

Director · since 01 juin 2023 · until 01 juin 2029

Active
Luc Aertssen

Director · since 01 juin 2023 · until 01 juin 2029

Active
Walter Wesenbeek

Director · since 01 juin 2023 · until 01 juin 2029

Active

Ended mandates

Greg Aertssen

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended
Gregorius Aertssen

Director · since 01 juin 2017 · until 01 juin 2029

Ended
Gregorius Aertssen

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended
Luc Aertssen

Director · since 01 juin 2017 · until 01 juin 2023

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelFull modelFull 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 date23/06/202623/06/202520/06/202420/06/202323/06/202211/06/2021
General meeting01/06/202602/06/202503/06/202401/06/202301/06/202201/06/2021
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202623/06/2026DutchPDF
Abridged model31/12/202402/06/202523/06/2025DutchPDF
Abridged model31/12/202303/06/202420/06/2024DutchPDF
Abridged model31/12/202201/06/202320/06/2023DutchPDF
Full model31/12/202101/06/202223/06/2022DutchPDF
Full model31/12/202001/06/202111/06/2021DutchPDF
Full model31/12/201902/06/202029/06/2020DutchPDF
Full model31/12/201803/06/201902/07/2019DutchPDF
Full model31/12/201701/06/201827/06/2018DutchPDF
Full model31/12/201601/06/201716/06/2017DutchPDF
Full model31/12/201501/06/201628/06/2016DutchPDF
Full model31/12/201401/06/201522/06/2015DutchPDF
Full model31/12/201302/06/201427/06/2014DutchPDF
Full model31/12/201203/06/201302/07/2013DutchPDF
Full model31/12/201101/06/201229/06/2012DutchPDF
Full model31/12/201001/06/201130/06/2011DutchPDF
Full model31/12/200901/06/201022/06/2010DutchPDF
Full model31/12/200802/06/200926/06/2009DutchPDF
Full modelCorrection31/12/200702/06/200818/07/2008DutchPDF
Full model31/12/200702/06/200823/06/2008DutchPDF
Full model31/12/200601/06/200725/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

Gregorius Aertssen

Director · since 01 juin 2023 · until 01 juin 2029

Active
Luc Aertssen

Director · since 01 juin 2023 · until 01 juin 2029

Active
Walter Wesenbeek

Director · since 01 juin 2023 · until 01 juin 2029

Active

Ended mandates

Greg Aertssen

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended
Gregorius Aertssen

Director · since 01 juin 2017 · until 01 juin 2029

Ended
Gregorius Aertssen

Managing director · since 01 juin 2017 · until 01 juin 2023

Ended
Luc Aertssen

Director · since 01 juin 2017 · until 01 juin 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/10/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other24/10/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates24/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/10/2017
    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

Timeline

  1. 2025
    Annual accounts 20251 M €↓
  2. 2024
    Annual accounts 20241,5 M €↑
  3. 03/06/2024
    reconductionVandeweyer Ben — commissaris
  4. 2023
    Annual accounts 2023771,8 k €↑
  5. 01/06/2023
    reconductionAertssen G. — bestuurder
  6. 01/06/2023
    reconductionWesenbeek W — bestuurder
  7. 2022
    Annual accounts 2022550,9 k €↓
  8. 01/01/2022
    nominationVandeweyer Ben — vaste vertegenwoordiger van de commissaris
  9. 2021
    Annual accounts 2021781,8 k €↑
  10. 2020
    Annual accounts 2020-462,6 k €↓
  11. 2019
    Annual accounts 2019680,2 k €↑
  12. 2018
    Annual accounts 2018490,8 k €↑
  13. 2017
    Annual accounts 2017303,5 k €↓
  14. 2016
    Annual accounts 2016493,1 k €↓
  15. 2015
    Annual accounts 2015545,1 k €↓
  16. 2014
    Annual accounts 2014688 k €↑
  17. 2013
    Annual accounts 2013474,4 k €↑
  18. 2010
    Annual accounts 2010425,5 k €↓
  19. 2009
    Annual accounts 2009576,5 k €↓
  20. 2007
    Annual accounts 2007650,4 k €↑
  21. 2006
    Annual accounts 2006610,8 k €
  22. 06/02/2006
    IncorporationPublic limited company