Imagine Microelectronics
ActiveSummary
The computed 12-month bankruptcy probability of Imagine Microelectronics is 1.7% (moderate). The 2025 annual accounts show negative equity (€-13k) and a net result of €-103k. Its solvency ranks better than 11% of 221 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-6
Solvency20▼-51
Growth32
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.76 against 3.44 in 2024; short-term debt: 30.9% and cash: 82.8% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-4.5%
Return on assets
-37%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-13k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
10 d late
2024
56 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€20k
EBIT margin
-64.4%
Net result
€-103k▼ 568%
2024 · €-15k
2024: €-15k
2025: €-103k▼ -568% vs 2024
2024 → 2025
Working capital
€152k▲ 53.6%
2024 · €99k
2024: €99k
2025: €152k▲ +53.6% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Turnover€20k-
Equity€91k-€-13k
2024: €91k
2025: €-13k▼ -114% vs 2024
Operating result€-13k-€-100k▼ 680%
2024: €-13k
2025: €-100k▼ -680% vs 2024
Net result€-15k-€-103k▼ 568%
2024: €-15k
2025: €-103k▼ -568% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €100k in 2025 against €13k in 2024; the loss grows.
Balance-sheet composition
Assets €242k
Fixed assets
€4k
Current assets
€238k
Key figures and ratios
EBITDA
€-81k▼
2024 · €-10k
Cash flow
€-84k▼
2024 · €-13k
Solvency
-4.5%▼
2024 · 46.2%
Current ratio
2.76▼
2024 · 3.44
Debt to equity
-23.06▼
2024 · 1.17
ROA
-37.0%▼
2024 · -7.9%
Interest coverage
-29.54▼
2024 · -3.91
Debt
€292k▲
2024 · €106k
Debt ≤ 1 year
€86k▲
2024 · €41k
Debt > 1 year
€65k=
2024 · €65k
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 · 2025 against 2024 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€196k€279k▲
Formation expenses20€57k€37k▼
Fixed assets21/28-€4k
Financial fixed assets28-€4k
Current assets29/58€140k€238k▲
Amounts receivable within one year40/41€21k€7k▼
Trade receivables40€14k-
Other amounts receivable41€7k€7k▼
Cash at bank and in hand54/58€118k€231k▲
Equity and liabilities
Total equity and liabilities10/49€196k€279k▲
Equity10/15€91k€-13k▼
Contributions10/11€106k€106k=
Profit (loss) carried forward14€-15k€-119k▼
Amounts payable17/49€106k€292k▲
Amounts payable after more than one year17€65k€65k=
Financial debts170/4€65k€65k=
Amounts payable within one year42/48€41k€86k▲
Trade debts44€41k€86k▲
Suppliers440/4€41k€86k▲
Accrued charges and deferred income492/3-€141k
Income statement
Code20242025
Turnover70€20k-
Goods, raw materials, services and sundry goods60/61€93k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€19k▲
Other operating charges640/8€950€470▼
Gross operating margin9900€-9k€-81k▼
Operating profit (loss)9901€-13k€-100k▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€-15k€-103k▼
Profit (loss) for the period9904€-15k€-103k▼
Profit (loss) for the period to be appropriated9905€-15k€-103k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-119k▼
Profit (loss) brought forward from the previous period14P-€-15k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €20k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €93k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €19k | ▲ 583% |
| Other operating charges640/8 | €950 | €470 | ▼ 50.5% |
| Gross operating margin9900 | €-9k | €-81k | ▼ 787% |
| Operating profit (loss)9901 | €-13k | €-100k | ▼ 680% |
| Financial charges65/66B | €3k | €3k | ▲ 6.8% |
| Recurring financial charges65 | €3k | €3k | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €-15k | €-103k | ▼ 568% |
| Profit (loss) for the period9904 | €-15k | €-103k | ▼ 568% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €-103k | ▼ 568% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €196k | €279k | ▲ 42.4% |
| Formation expenses20 | €57k | €37k | ▼ 34.3% |
| Fixed assets21/28 | - | €4k | - |
| Financial fixed assets28 | - | €4k | - |
| Current assets29/58 | €140k | €238k | ▲ 70.8% |
| Amounts receivable within one year40/41 | €21k | €7k | ▼ 65.9% |
| Trade receivables40 | €14k | - | - |
| Other amounts receivable41 | €7k | €7k | ▼ 2.6% |
| Cash at bank and in hand54/58 | €118k | €231k | ▲ 95.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €196k | €279k | ▲ 42.4% |
| Equity10/15 | €91k | €-13k | ▼ 114% |
| Contributions10/11 | €106k | €106k | = |
| Profit (loss) carried forward14 | €-15k | €-119k | ▼ 668% |
| Amounts payable17/49 | €106k | €292k | ▲ 177% |
| Amounts payable after more than one year17 | €65k | €65k | = |
| Financial debts170/4 | €65k | €65k | = |
| Amounts payable within one year42/48 | €41k | €86k | ▲ 113% |
| Trade debts44 | €41k | €86k | ▲ 113% |
| Suppliers440/4 | €41k | €86k | ▲ 113% |
| Accrued charges and deferred income492/3 | - | €141k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €-103k | ▼ 568% |
| + Depreciation and write-downs630 | €3k | €19k | ▲ 583% |
| Operating cash flow (approximation) | €-13k | €-84k | ▼ 565% |
| Change in cash | - | €113k | - |
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 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
2 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2023
Ground area
8,679 m²
Building footprint
481 m²
Volume, LiDAR
4,302 m³
2 parcels, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Imagine Microelectronics
since 20232.350.124.710
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0122/00R004 | Wallonia | 7,285 m² | 1 · 26 m² | 6.0 m · 2 fl. |
| 25384B0009/00N000 | Wallonia | 1,394 m² | 1 · 454 m² | 11.3 m · 3 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
European Union, budget
2025 · 1 entry · 300,000 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 300,000 EUR |
Projects
CHIPSWIN - WALLONIA MICROELECTRONICS COMPETENCE CENTER (CHIPSWIN)
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Of 914 companies in sector 32990 we hold annual accounts for 163. 110 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
Founded11-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
32990Other manufacturing not elsewhere classified
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
58290Other software publishing
Contact
E-mail
iv@investbw.be
Phone
+3210884646
Scores and ratios are computed by Checked and are not a credit decision.