Summary
ILMO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €658k and a net result of €177k. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 123 sector peers (fiscal year 2026). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 123 sector peers (2026).
NBB · sector comparisonPosition among 123 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2026 was due by 30-11-2026 and was filed on 11-06-2026, 172 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
172 d early
2025
166 d early
2024
37 d early
2023
71 d early
2022
14 d early
2021
40 d early
2020
54 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2027 and is due by 30-11-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-04-2027 close30-11-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€658k▼ 15.6%
2025 · €780k
2019: €839k
2020: €849k▲ +1.2% vs 2019
2021: €912k▲ +7.4% vs 2020highest in 8 years
2022: €668k▼ -26.7% vs 2021
2023: €676k▲ +1.2% vs 2022
2024: €729k▲ +7.9% vs 2023
2025: €780k▲ +7.0% vs 2024
2026: €658k▼ -15.6% vs 2025lowest in 8 years
2019 → 2026
Net result
€177k▲ 12.5%
2025 · €158k
2019: €157k
2020: €91k▼ -41.8% vs 2019
2021: €74k▼ -19.1% vs 2020lowest in 8 years
2022: €84k▲ +14.2% vs 2021
2023: €127k▲ +50.7% vs 2022
2024: €227k▲ +78.9% vs 2023highest in 8 years
2025: €158k▼ -30.7% vs 2024
2026: €177k▲ +12.5% vs 2025
2019 → 2026
Total assets
€4.11M▲ 4.2%
2025 · €3.95M
2019: €1.05M
2020: €1.07M▲ +1.4% vs 2019
2021: €976k▼ -8.4% vs 2020lowest in 8 years
2022: €1.01M▲ +3.0% vs 2021
2023: €1.95M▲ +94.2% vs 2022
2024: €4.12M▲ +111% vs 2023highest in 8 years
2025: €3.95M▼ -4.3% vs 2024
2026: €4.11M▲ +4.2% vs 2025
2019 → 2026
Solvency
16.0%▼ 3.8pp
2025 · 19.8%
2019: 79.9%
2020: 79.7%▼ -0.3% vs 2019
2021: 93.4%▲ +17.3% vs 2020highest in 8 years
2022: 66.5%▼ -28.9% vs 2021
2023: 34.6%▼ -47.9% vs 2022
2024: 17.7%▼ -48.9% vs 2023
2025: 19.8%▲ +11.8% vs 2024
2026: 16.0%▼ -19.0% vs 2025lowest in 8 years
2019 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€668k-€676k▲ 1.2%€729k▲ 7.9%€780k▲ 7.0%€658k▼ 15.6%
2022: €668k
2023: €676k▲ +1.2% vs 2022
2024: €729k▲ +7.9% vs 2023
2025: €780k▲ +7.0% vs 2024highest in 5 years
2026: €658k▼ -15.6% vs 2025lowest in 5 years
Operating result€104k-€166k▲ 60.1%€373k▲ 124%€294k▼ 21.2%€332k▲ 12.9%
2022: €104klowest in 5 years
2023: €166k▲ +60.1% vs 2022
2024: €373k▲ +124% vs 2023highest in 5 years
2025: €294k▼ -21.2% vs 2024
2026: €332k▲ +12.9% vs 2025
Net result€84k-€127k▲ 50.7%€227k▲ 78.9%€158k▼ 30.7%€177k▲ 12.5%
2022: €84klowest in 5 years
2023: €127k▲ +50.7% vs 2022
2024: €227k▲ +78.9% vs 2023highest in 5 years
2025: €158k▼ -30.7% vs 2024
2026: €177k▲ +12.5% vs 2025
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 13% above 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €4.11M
Fixed assets
€3.47M ▼ 6.0%
Current assets
€641k ▲ 153%
Equity and liabilities €4.11M
Equity
€658k ▼ 15.6%
Debt
€3.45M ▲ 9.1%
Debt's share of the balance-sheet total rises from 80.2% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
26.9%▲
2025 · 20.2%
ROA
4.3%▲
2025 · 4.0%
Debt ≤ 1 year
€1.01M▲
2025 · €551k
Debt > 1 year
€2.43M▼
2025 · €2.60M
Income taxes
€71k▲
2025 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 57 lines
Balance sheet
Code20252026
Assets
Total assets20/58€3.95M€4.11M▲
Fixed assets21/28€3.69M€3.47M▼
Tangible fixed assets22/27€3.69M€3.47M▼
Land and buildings22€3.69M€3.47M▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€253k€641k▲
Amounts receivable after more than one year29€182k€195k▲
Other amounts receivable291€182k€195k▲
Amounts receivable within one year40/41€51k€396k▲
Trade receivables40€16k€348k▲
Other amounts receivable41€35k€48k▲
Cash at bank and in hand54/58€6k€35k▲
Deferred charges and accrued income490/1€14k€14k▲
Equity and liabilities
Total equity and liabilities10/49€3.95M€4.11M▲
Equity10/15€780k€658k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Reserves13€655k€533k▼
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Distributable reserves133€643k€521k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€3.17M€3.45M▲
Amounts payable after more than one year17€2.60M€2.43M▼
Financial debts170/4€2.60M€2.43M▼
Amounts payable within one year42/48€551k€1.01M▲
Current portion of amounts payable after more than one year42€173k€177k▲
Financial debts43€39k€41k▲
Credit institutions430/8€39k€41k▲
Trade debts44€20k€22k▲
Suppliers440/4€20k€22k▲
Taxes, remuneration and social security45€10k€42k▲
Taxes450/3€10k€42k▲
Other amounts payable47/48€310k€723k▲
Accrued charges and deferred income492/3€11k€21k▲
Income statement
Code20252026
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€196k€194k▼
Other operating charges640/8€4k€7k▲
Gross operating margin9900€494k€533k▲
Operating profit (loss)9901€294k€332k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€83k€93k▲
Recurring financial charges65€83k€93k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€218k€248k▲
Income taxes67/77€60k€71k▲
Profit (loss) for the period9904€158k€177k▲
Profit (loss) for the period to be appropriated9905€158k€177k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€177k▲
Transfer from equity791/2€91k€285k▲
Transfer to equity691/2€143k€163k▲
To other reserves6921€143k€163k▲
Profit to be distributed694/7€106k€299k▲
Return on contributions (dividend)694€91k€285k▲
Directors or managers695€15k€14k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €24k | €53k | €196k | €194k | ▼ 0.8% |
| Other operating charges640/8 | €4k | €4k | €5k | €4k | €7k | ▲ 54.5% |
| Gross operating margin9900 | €132k | €195k | €430k | €494k | €533k | ▲ 7.9% |
| Operating profit (loss)9901 | €104k | €166k | €373k | €294k | €332k | ▲ 12.9% |
| Financial income75/76B | €11k | €8k | €5k | €7k | €8k | ▲ 26.1% |
| Recurring financial income75 | €11k | €8k | €5k | €7k | €8k | ▲ 26.1% |
| Financial charges65/66B | €2k | €34k | €116k | €83k | €93k | ▲ 12.0% |
| Recurring financial charges65 | €2k | €34k | €72k | €83k | €93k | ▲ 12.0% |
| Non-recurring financial charges66B | - | - | €44k | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €113k | €140k | €263k | €218k | €248k | ▲ 13.7% |
| Income taxes67/77 | €28k | €13k | €36k | €60k | €71k | ▲ 16.9% |
| Profit (loss) for the period9904 | €84k | €127k | €227k | €158k | €177k | ▲ 12.5% |
| Profit (loss) for the period to be appropriated9905 | €84k | €127k | €227k | €158k | €177k | ▲ 12.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.01M | €1.95M | €4.12M | €3.95M | €4.11M | ▲ 4.2% |
| Fixed assets21/28 | €551k | €1.68M | €3.86M | €3.69M | €3.47M | ▼ 6.0% |
| Tangible fixed assets22/27 | €551k | €1.68M | €3.86M | €3.69M | €3.47M | ▼ 6.0% |
| Land and buildings22 | €458k | €499k | €3.85M | €3.69M | €3.47M | ▼ 6.0% |
| Other tangible fixed assets26 | €7k | €91k | €5k | €4k | €3k | ▼ 25.9% |
| Assets under construction and advance payments27 | €86k | €1.09M | €0 | - | - | - |
| Current assets29/58 | €455k | €275k | €266k | €253k | €641k | ▲ 153% |
| Amounts receivable after more than one year29 | €68k | €120k | €125k | €182k | €195k | ▲ 7.2% |
| Other amounts receivable291 | €68k | €120k | €125k | €182k | €195k | ▲ 7.2% |
| Amounts receivable within one year40/41 | €215k | €88k | €63k | €51k | €396k | ▲ 679% |
| Trade receivables40 | €108k | €79k | €63k | €16k | €348k | ▲ 2,094% |
| Other amounts receivable41 | €107k | €9k | €0 | €35k | €48k | ▲ 37.2% |
| Current investments50/53 | €30k | €30k | €0 | - | - | - |
| Cash at bank and in hand54/58 | €137k | €29k | €65k | €6k | €35k | ▲ 449% |
| Deferred charges and accrued income490/1 | €4k | €7k | €13k | €14k | €14k | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.01M | €1.95M | €4.12M | €3.95M | €4.11M | ▲ 4.2% |
| Equity10/15 | €668k | €676k | €729k | €780k | €658k | ▼ 15.6% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Capital10 | €125k | €125k | €125k | €125k | €125k | = |
| Issued capital100 | €125k | €125k | €125k | €125k | €125k | = |
| Reserves13 | €543k | €551k | €604k | €655k | €533k | ▼ 18.6% |
| Non-distributable reserves130/1 | €13k | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | €13k | €13k | €13k | €13k | €13k | = |
| Distributable reserves133 | €531k | €538k | €592k | €643k | €521k | ▼ 19.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €337k | €1.28M | €3.39M | €3.17M | €3.45M | ▲ 9.1% |
| Amounts payable after more than one year17 | €2k | €771k | €2.78M | €2.60M | €2.43M | ▼ 6.8% |
| Financial debts170/4 | €2k | €771k | €2.78M | €2.60M | €2.43M | ▼ 6.8% |
| Amounts payable within one year42/48 | €336k | €505k | €612k | €551k | €1.01M | ▲ 82.4% |
| Current portion of amounts payable after more than one year42 | €20k | €57k | €169k | €173k | €177k | ▲ 2.5% |
| Financial debts43 | €17k | €17k | €15k | €39k | €41k | ▲ 5.3% |
| Credit institutions430/8 | €17k | €17k | €15k | €39k | €41k | ▲ 5.3% |
| Trade debts44 | €1k | €309k | €164k | €20k | €22k | ▲ 10.3% |
| Suppliers440/4 | €1k | €309k | €164k | €20k | €22k | ▲ 10.3% |
| Taxes, remuneration and social security45 | €12k | €0 | €23k | €10k | €42k | ▲ 336% |
| Taxes450/3 | €12k | €0 | €23k | €10k | €42k | ▲ 336% |
| Other amounts payable47/48 | €285k | €122k | €241k | €310k | €723k | ▲ 133% |
| Accrued charges and deferred income492/3 | - | - | €4k | €11k | €21k | ▲ 94.4% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €127k | €227k | €158k | €177k | ▲ 12.5% |
| + Depreciation and write-downs630 | €24k | €24k | €53k | €196k | €194k | ▼ 0.8% |
| Operating cash flow (approximation) | €108k | €151k | €280k | €353k | €371k | ▲ 5.1% |
| Investment in fixed assets (approximation) | - | €-1.15M | €-2.23M | €-33k | €29k | ▲ 187% |
| Change in cash | - | €-108k | €36k | €-58k | €29k | ▲ 149% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
Financial
Highest result since 2019net €227k ▲78.9%
Operating result €373k, net result €227k, both a record.
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-04
Financial
Weakest financial yearnet €74k ▼19.1%
Net result drops to €74k, the lowest in the series; recovery starts the following year.
30-04
Financial
Liquidity triplescurrent ratio 10.03
Current ratio from 2.94 to 10.03; short-term debt falls from €171k to €42k.
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Katelijne-Waver · 1 establishment unit since 2014
Ground area
4,809 m²
Building footprint
305 m²
Volume, LiDAR
1,767 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ILMO
since 20142.238.750.397
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12035B0557/00V000 | Flanders | 3,661 m² | 1 · 87 m² | 6.8 m · 1 fl. |
| 12035B0557/00W000 | Flanders | 1,148 m² | 1 · 217 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 44,712 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 44,712 EUR | 0 EUR |
Schemes
Ecologiepremie+
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,382 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-07-2002
Fiscal year end30-04
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.