IMAS
ActiveSummary
IMAS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €10k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 61% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+46
Solvency89▲+5
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.03 against 1.9 in 2024; short-term debt: 36.1% and cash: 0.2% of total assets), and 36.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.9%
Return on assets
3.6%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
1 d early
2022
3 d late
2021
2 d early
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€180k▲ 5.9%
2024 · €170k
2019: €215khighest in 7 years
2020: €204k▼ -4.9% vs 2019
2021: €177k▼ -13.3% vs 2020
2022: €166k▼ -6.6% vs 2021lowest in 7 years
2023: €172k▲ +3.6% vs 2022
2024: €170k▼ -1.1% vs 2023
2025: €180k▲ +5.9% vs 2024
2019 → 2025
Total assets
€281k▼ 1.8%
2024 · €286k
2019: €372khighest in 7 years
2020: €336k▼ -9.7% vs 2019
2021: €305k▼ -9.5% vs 2020
2022: €293k▼ -3.6% vs 2021
2023: €292k▼ -0.6% vs 2022
2024: €286k▼ -1.8% vs 2023
2025: €281k▼ -1.8% vs 2024lowest in 7 years
2019 → 2025
Net result
€10k
2024 · €-2k
2019: €-21k
2020: €-10k▲ +49.5% vs 2019
2021: €-27k▼ -159% vs 2020lowest in 7 years
2022: €-12k▲ +57.0% vs 2021
2023: €6k▲ +151% vs 2022
2024: €-2k▼ -133% vs 2023
2025: €10k▲ +609% vs 2024highest in 7 years
2019 → 2025
Working capital
€105k▲ 5.8%
2024 · €99k
2019: €79klowest in 7 years
2020: €90k▲ +13.0% vs 2019
2021: €83k▼ -7.3% vs 2020
2022: €82k▼ -0.8% vs 2021
2023: €92k▲ +12.1% vs 2022
2024: €99k▲ +7.4% vs 2023
2025: €105k▲ +5.8% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€177k-€166k▼ 6.6%€172k▲ 3.6%€170k▼ 1.1%€180k▲ 5.9%
2021: €177k
2022: €166k▼ -6.6% vs 2021lowest in 5 years
2023: €172k▲ +3.6% vs 2022
2024: €170k▼ -1.1% vs 2023
2025: €180k▲ +5.9% vs 2024highest in 5 years
Operating result€-22k-€-7k▲ 68.8%€11k€5k▼ 55.9%€11k▲ 116%
2021: €-22klowest in 5 years
2022: €-7k▲ +68.8% vs 2021
2023: €11k▲ +269% vs 2022highest in 5 years
2024: €5k▼ -55.9% vs 2023
2025: €11k▲ +116% vs 2024
Net result€-27k-€-12k▲ 57.0%€6k€-2k€10k
2021: €-27klowest in 5 years
2022: €-12k▲ +57.0% vs 2021
2023: €6k▲ +151% vs 2022
2024: €-2k▼ -133% vs 2023
2025: €10k▲ +609% vs 2024highest in 5 years
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 2025; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281k
Fixed assets
€75k ▼ 3.6%
Current assets
€206k ▼ 1.2%
Equity and liabilities €281k
Equity
€180k ▲ 5.9%
Debt
€101k ▼ 13.1%
Debt's share of the balance-sheet total falls from 40.8% to 36.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▲
2024 · €8k
Cash flow
€13k▲
2024 · €819
Current ratio
2.03▲
2024 · 1.90
Debt to equity
0.57▼
2024 · 0.69
ROE
5.6%▲
2024 · -1.2%
ROA
3.6%▲
2024 · -0.7%
Interest coverage
162.32▲
2024 · 1.12
Debt ≤ 1 year
€101k▼
2024 · €110k
Income taxes
€803▲
2024 · €0
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€286k€281k▼
Fixed assets21/28€77k€75k▼
Tangible fixed assets22/27€77k€75k▼
Land and buildings22€77k€75k▼
Current assets29/58€209k€206k▼
Amounts receivable within one year40/41€202k€205k▲
Trade receivables40-€3k
Other amounts receivable41€202k€202k=
Cash at bank and in hand54/58€6k€635▼
Deferred charges and accrued income490/1€611€634▲
Equity and liabilities
Total equity and liabilities10/49€286k€281k▼
Equity10/15€170k€180k▲
Contributions10/11€155k€155k=
Capital10€155k€155k=
Issued capital100€155k€155k=
Reserves13€17k€25k▲
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Tax-exempt reserves132€204€204=
Distributable reserves133€891€9k▲
Profit (loss) carried forward14€-2k€0▲
Amounts payable17/49€117k€101k▼
Amounts payable within one year42/48€110k€101k▼
Trade debts44€7k€508▼
Suppliers440/4€7k€508▼
Advances received on contracts in progress46€567€430▼
Taxes, remuneration and social security45€0€803▲
Taxes450/3€0€803▲
Other amounts payable47/48€102k€100k▼
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€4k€4k▼
Gross operating margin9900€12k€18k▲
Operating profit (loss)9901€5k€11k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€7k€84▼
Recurring financial charges65€7k€84▼
Profit (loss) for the period before taxes9903€-2k€11k▲
Income taxes67/77€0€803▲
Profit (loss) for the period9904€-2k€10k▲
Profit (loss) for the period to be appropriated9905€-2k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€8k▲
Profit (loss) brought forward from the previous period14P€0€-2k▼
Transfer to equity691/2€0€8k▲
To other reserves6921€0€8k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €11k | €3k | €3k | €3k | = |
| Other operating charges640/8 | - | €3k | €3k | €4k | €4k | ▼ 3.3% |
| Gross operating margin9900 | €2k | €7k | €18k | €12k | €18k | ▲ 48.2% |
| Operating profit (loss)9901 | €-22k | €-7k | €11k | €5k | €11k | ▲ 116% |
| Financial income75/76B | - | €0 | €3 | €0 | - | - |
| Recurring financial income75 | - | €0 | €3 | €0 | - | - |
| Financial charges65/66B | - | €5k | €5k | €7k | €84 | ▼ 98.8% |
| Recurring financial charges65 | €5k | €5k | €5k | €7k | €84 | ▼ 98.8% |
| Profit (loss) for the period before taxes9903 | €-27k | €-12k | €6k | €-2k | €11k | ▲ 650% |
| Income taxes67/77 | €450 | €0 | €89 | €0 | €803 | - |
| Profit (loss) for the period9904 | €-27k | €-12k | €6k | €-2k | €10k | ▲ 609% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-12k | €6k | €-2k | €10k | ▲ 609% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305k | €293k | €292k | €286k | €281k | ▼ 1.8% |
| Fixed assets21/28 | €94k | €83k | €80k | €77k | €75k | ▼ 3.6% |
| Tangible fixed assets22/27 | €94k | €83k | €80k | €77k | €75k | ▼ 3.6% |
| Land and buildings22 | - | €83k | €80k | €77k | €75k | ▼ 3.6% |
| Current assets29/58 | €210k | €210k | €212k | €209k | €206k | ▼ 1.2% |
| Amounts receivable within one year40/41 | €208k | €205k | €202k | €202k | €205k | ▲ 1.6% |
| Trade receivables40 | - | €3k | €0 | - | €3k | - |
| Other amounts receivable41 | - | €202k | €202k | €202k | €202k | = |
| Cash at bank and in hand54/58 | €2k | €5k | €9k | €6k | €635 | ▼ 90.0% |
| Deferred charges and accrued income490/1 | - | €498 | €552 | €611 | €634 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305k | €293k | €292k | €286k | €281k | ▼ 1.8% |
| Equity10/15 | €177k | €166k | €172k | €170k | €180k | ▲ 5.9% |
| Contributions10/11 | €155k | €155k | €155k | €155k | €155k | = |
| Capital10 | - | €155k | €155k | €155k | €155k | = |
| Issued capital100 | - | €155k | €155k | €155k | €155k | = |
| Reserves13 | €22k | €16k | €17k | €17k | €25k | ▲ 48.4% |
| Non-distributable reserves130/1 | - | €15k | €15k | €15k | €15k | = |
| Legal reserve130 | - | €15k | €15k | €15k | €15k | = |
| Tax-exempt reserves132 | - | €204 | €204 | €204 | €204 | = |
| Distributable reserves133 | - | €0 | €891 | €891 | €9k | ▲ 901% |
| Profit (loss) carried forward14 | - | €-5k | €0 | €-2k | €0 | ▲ 100% |
| Amounts payable17/49 | €127k | €128k | €120k | €117k | €101k | ▼ 13.1% |
| Amounts payable within one year42/48 | €127k | €128k | €119k | €110k | €101k | ▼ 7.6% |
| Trade debts44 | €1k | €3k | €378 | €7k | €508 | ▼ 92.7% |
| Suppliers440/4 | - | €3k | €378 | €7k | €508 | ▼ 92.7% |
| Advances received on contracts in progress46 | - | €350 | €400 | €567 | €430 | ▼ 24.2% |
| Taxes, remuneration and social security45 | - | €1k | €2k | €0 | €803 | - |
| Taxes450/3 | - | €1k | €2k | €0 | €803 | - |
| Other amounts payable47/48 | - | €123k | €117k | €102k | €100k | ▼ 2.4% |
| Accrued charges and deferred income492/3 | - | - | €1k | €7k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-12k | €6k | €-2k | €10k | ▲ 609% |
| + Depreciation and write-downs630 | €21k | €11k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €-7k | €-691 | €9k | €819 | €13k | ▲ 1,460% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3k | €4k | €-3k | €-6k | ▼ 116% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
26-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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, Wingene · 1 establishment unit since 1996
Ground area
1,220 m²
Building footprint
234 m²
Volume, LiDAR
1,354 m³
Parcel 37019C0148/00K004, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IMAS NV
since 19962.076.989.734
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37019C0148/00K004 | Flanders | 1,220 m² | 1 · 234 m² | 8.9 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,622 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
Founded31-05-1996
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.