Ilmaco
ActiveSummary
Ilmaco has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-108k) and a net result of €-29k. Equity is shrinking by ~61.1% per year across the filed fiscal years. Its solvency ranks better than 6% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▲+7
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.2 against 0.75 in 2023; short-term debt: 116% and cash: 3.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-27.3%
Return on assets
-7.2%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €-108k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-11-2025, 110 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
110 d late
2023
435 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-108k▼ 36.0%
2023 · €-80k
2019: €80khighest in 6 years
2020: €50k▼ -37.9% vs 2019
2021: €5k▼ -89.3% vs 2020
2022: €-42k▼ -880% vs 2021
2023: €-80k▼ -90.7% vs 2022
2024: €-108k▼ -36.0% vs 2023lowest in 6 years
2019 → 2024
Total assets
€398k▲ 33.9%
2023 · €297k
2019: €123k
2020: €116k▼ -5.7% vs 2019lowest in 6 years
2021: €194k▲ +66.5% vs 2020
2022: €244k▲ +25.9% vs 2021
2023: €297k▲ +22.0% vs 2022
2024: €398k▲ +33.9% vs 2023highest in 6 years
2019 → 2024
Net result
€-29k▲ 24.2%
2023 · €-38k
2019: €23khighest in 6 years
2020: €-30k▼ -232% vs 2019
2021: €-45k▼ -46.4% vs 2020
2022: €-47k▼ -5.9% vs 2021lowest in 6 years
2023: €-38k▲ +19.6% vs 2022
2024: €-29k▲ +24.2% vs 2023
2019 → 2024
Working capital
€-368k▼ 298%
2023 · €-93k
2019: €77khighest in 6 years
2020: €36k▼ -53.5% vs 2019
2021: €-9k▼ -124% vs 2020
2022: €-58k▼ -583% vs 2021
2023: €-93k▼ -59.3% vs 2022
2024: €-368k▼ -298% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€50k-€5k▼ 89.3%€-42k€-80k▼ 90.7%€-108k▼ 36.0%
2020: €50khighest in 5 years
2021: €5k▼ -89.3% vs 2020
2022: €-42k▼ -880% vs 2021
2023: €-80k▼ -90.7% vs 2022
2024: €-108k▼ -36.0% vs 2023lowest in 5 years
Operating result€-30k-€-44k▼ 49.3%€-45k▼ 3.0%€-37k▲ 19.5%€-28k▲ 22.5%
2020: €-30k
2021: €-44k▼ -49.3% vs 2020
2022: €-45k▼ -3.0% vs 2021lowest in 5 years
2023: €-37k▲ +19.5% vs 2022
2024: €-28k▲ +22.5% vs 2023highest in 5 years
Net result€-30k-€-45k▼ 46.4%€-47k▼ 5.9%€-38k▲ 19.6%€-29k▲ 24.2%
2020: €-30k
2021: €-45k▼ -46.4% vs 2020
2022: €-47k▼ -5.9% vs 2021lowest in 5 years
2023: €-38k▲ +19.6% vs 2022
2024: €-29k▲ +24.2% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2024 against €37k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €398k
Fixed assets
€304k ▲ 2,280%
Current assets
€94k ▼ 67.0%
Key figures and ratios
EBITDA
€-20k▲
2023 · €-27k
Cash flow
€-20k▲
2023 · €-28k
Solvency
-27.3%▼
2023 · -26.8%
Current ratio
0.20▼
2023 · 0.75
Debt to equity
-4.67▲
2023 · -4.73
ROA
-7.2%▲
2023 · -12.8%
Interest coverage
-46.99▼
2023 · -19.27
Debt
€506k▲
2023 · €377k
Debt ≤ 1 year
€462k▲
2023 · €377k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€297k€398k▲
Fixed assets21/28€13k€304k▲
Intangible fixed assets21-€300k
Tangible fixed assets22/27€13k€4k▼
Furniture and vehicles24€13k€4k▼
Financial fixed assets28€25€25=
Current assets29/58€284k€94k▼
Stocks and contracts in progress3€202k€0▼
Contracts in progress37€202k€0▼
Amounts receivable within one year40/41€73k€79k▲
Trade receivables40€3k€3k▲
Other amounts receivable41€69k€76k▲
Cash at bank and in hand54/58€10k€15k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€297k€398k▲
Equity10/15€-80k€-108k▼
Contributions10/11€500€500=
Reserves13€80k€80k=
Distributable reserves133€80k€80k=
Profit (loss) carried forward14€-160k€-189k▼
Amounts payable17/49€377k€506k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€377k€462k▲
Current portion of amounts payable after more than one year42€6k€0▼
Trade debts44€14k€14k▼
Suppliers440/4€14k€14k▼
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€1k€1k▲
Other amounts payable47/48€355k€447k▲
Accrued charges and deferred income492/3-€45k
Income statement
Code20232024
Non-recurring operating income76A€460€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€0-
Gross operating margin9900€-27k€-20k▲
Operating profit (loss)9901€-37k€-28k▲
Financial charges65/66B€1k€422▼
Recurring financial charges65€1k€422▼
Profit (loss) for the period before taxes9903€-38k€-29k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-38k€-29k▲
Profit (loss) for the period to be appropriated9905€-38k€-29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-160k€-189k▼
Profit (loss) brought forward from the previous period14P€-122k€-160k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €460 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €11k | €10k | €10k | €8k | ▼ 13.1% |
| Other operating charges640/8 | - | €687 | €1k | €0 | - | - |
| Gross operating margin9900 | €-21k | €-33k | €-35k | €-27k | €-20k | ▲ 26.0% |
| Operating profit (loss)9901 | €-30k | €-44k | €-45k | €-37k | €-28k | ▲ 22.5% |
| Financial income75/76B | - | €1k | €0 | - | - | - |
| Recurring financial income75 | €3 | €1k | €0 | - | - | - |
| Financial charges65/66B | - | €1k | €1k | €1k | €422 | ▼ 69.6% |
| Recurring financial charges65 | €744 | €1k | €1k | €1k | €422 | ▼ 69.6% |
| Profit (loss) for the period before taxes9903 | €-30k | €-44k | €-47k | €-38k | €-29k | ▲ 24.2% |
| Income taxes67/77 | €174 | €502 | €516 | €0 | - | - |
| Profit (loss) for the period9904 | €-30k | €-45k | €-47k | €-38k | €-29k | ▲ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €-30k | €-45k | €-47k | €-38k | €-29k | ▲ 24.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116k | €194k | €244k | €297k | €398k | ▲ 33.9% |
| Fixed assets21/28 | €42k | €31k | €23k | €13k | €304k | ▲ 2,280% |
| Intangible fixed assets21 | - | - | - | - | €300k | - |
| Tangible fixed assets22/27 | €42k | €31k | €23k | €13k | €4k | ▼ 66.6% |
| Furniture and vehicles24 | - | €31k | €23k | €13k | €4k | ▼ 66.6% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €75k | €163k | €221k | €284k | €94k | ▼ 67.0% |
| Stocks and contracts in progress3 | - | €77k | €148k | €202k | €0 | ▼ 100% |
| Contracts in progress37 | - | €77k | €148k | €202k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €66k | €70k | €71k | €73k | €79k | ▲ 8.9% |
| Trade receivables40 | - | €2k | €2k | €3k | €3k | ▲ 8.9% |
| Other amounts receivable41 | - | €68k | €69k | €69k | €76k | ▲ 8.9% |
| Cash at bank and in hand54/58 | €6k | €2k | €1k | €10k | €15k | ▲ 51.7% |
| Deferred charges and accrued income490/1 | - | €13k | €628 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116k | €194k | €244k | €297k | €398k | ▲ 33.9% |
| Equity10/15 | €50k | €5k | €-42k | €-80k | €-108k | ▼ 36.0% |
| Contributions10/11 | - | €500 | €500 | €500 | €500 | = |
| Reserves13 | €80k | €80k | €80k | €80k | €80k | = |
| Distributable reserves133 | - | €80k | €80k | €80k | €80k | = |
| Profit (loss) carried forward14 | €-30k | €-75k | €-122k | €-160k | €-189k | ▼ 17.9% |
| Amounts payable17/49 | €66k | €188k | €285k | €377k | €506k | ▲ 34.3% |
| Amounts payable after more than one year17 | €28k | €17k | €6k | €0 | - | - |
| Financial debts170/4 | - | €17k | €6k | €0 | - | - |
| Amounts payable within one year42/48 | €39k | €171k | €279k | €377k | €462k | ▲ 22.5% |
| Current portion of amounts payable after more than one year42 | - | €11k | €11k | €6k | €0 | ▼ 100% |
| Financial debts43 | - | €9 | €4k | - | - | - |
| Credit institutions430/8 | - | €9 | €4k | - | - | - |
| Trade debts44 | €4k | €19k | €18k | €14k | €14k | ▼ 3.3% |
| Suppliers440/4 | - | €19k | €18k | €14k | €14k | ▼ 3.3% |
| Taxes, remuneration and social security45 | - | €785 | €1k | €1k | €1k | ▲ 35.8% |
| Taxes450/3 | - | €785 | €1k | €1k | €1k | ▲ 35.8% |
| Other amounts payable47/48 | - | €140k | €246k | €355k | €447k | ▲ 25.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €45k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-30k | €-45k | €-47k | €-38k | €-29k | ▲ 24.2% |
| + Depreciation and write-downs630 | €6k | €11k | €10k | €10k | €8k | ▼ 13.1% |
| Operating cash flow (approximation) | €-24k | €-34k | €-38k | €-28k | €-20k | ▲ 28.1% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €-300k | - |
| Change in cash | - | €-4k | €-1k | €9k | €5k | ▼ 42.3% |
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
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 110 days late
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 435 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
23-06
State Gazette act
Board meeting · Director resignation
Power of attorney
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2017
23-06
State Gazette act
General meeting · Capital increase
Bank account · Legal-form conversion
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Nazareth-De Pinte · 1 establishment unit since 2016
Ground area
1,239 m²
Building footprint
175 m²
Volume, LiDAR
748 m³
Parcel 44012C0383/00E002, Flanders · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ilmaco
since 20162.261.211.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012C0383/00E002 | Flanders | 1,239 m² | 1 · 175 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 3,131 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.