IMDA PROJECTS
ActiveSummary
IMDA PROJECTS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €5k. Equity is growing by ~36.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+40
Solvency39▲+22
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 6 filingsDeviation from the deadline
2025
29 d late
2024
32 d late
2023
61 d late
2022
61 d late
2021
17 d late
2020
31 d late
← 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, micro schema
Equity
€3k
2024 · €-2k
2020: €-6klowest in 6 years
2021: €-3k▲ +49.2% vs 2020
2022: €-2k▲ +30.8% vs 2021
2023: €-3k▼ -33.3% vs 2022
2024: €-2k▲ +35.9% vs 2023
2025: €3k▲ +285% vs 2024highest in 6 years
2020 → 2025
Total assets
€24k▲ 10.1%
2024 · €22k
2020: €13k
2021: €15k▲ +10.3% vs 2020
2022: €10k▼ -32.8% vs 2021lowest in 6 years
2023: €14k▲ +38.8% vs 2022
2024: €22k▲ +62.3% vs 2023
2025: €24k▲ +10.1% vs 2024highest in 6 years
2020 → 2025
Net result
€5k▲ 410%
2024 · €1k
2020: €-11klowest in 6 years
2021: €3k▲ +127% vs 2020
2022: €945▼ -68.1% vs 2021
2023: €-707▼ -175% vs 2022
2024: €1k▲ +243% vs 2023
2025: €5k▲ +410% vs 2024highest in 6 years
2020 → 2025
Working capital
€-4k▲ 24.7%
2024 · €-6k
2020: €-10klowest in 6 years
2021: €-7k▲ +30.4% vs 2020
2022: €-4k▲ +39.1% vs 2021highest in 6 years
2023: €-7k▼ -60.4% vs 2022
2024: €-6k▲ +14.4% vs 2023
2025: €-4k▲ +24.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€-2k▲ 30.8%€-3k▼ 33.3%€-2k▲ 35.9%€3k
2021: €-3klowest in 5 years
2022: €-2k▲ +30.8% vs 2021
2023: €-3k▼ -33.3% vs 2022
2024: €-2k▲ +35.9% vs 2023
2025: €3k▲ +285% vs 2024highest in 5 years
Operating result€3k-€1k▼ 65.4%€-314€3k€7k▲ 139%
2021: €3k
2022: €1k▼ -65.4% vs 2021
2023: €-314▼ -129% vs 2022lowest in 5 years
2024: €3k▲ +1030% vs 2023
2025: €7k▲ +139% vs 2024highest in 5 years
Net result€3k-€945▼ 68.1%€-707€1k€5k▲ 410%
2021: €3k
2022: €945▼ -68.1% vs 2021
2023: €-707▼ -175% vs 2022lowest in 5 years
2024: €1k▲ +243% vs 2023
2025: €5k▲ +410% 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 139% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €24k
Fixed assets
€8k ▲ 95.5%
Current assets
€17k ▼ 8.4%
Equity and liabilities €24k
Equity
€3k
Debt
€21k
Debt finances 86.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€8k▲
2024 · €4k
Cash flow
€7k▲
2024 · €2k
Current ratio
0.79▲
2024 · 0.76
Quick ratio
0.77▲
2024 · 0.70
Debt to equity
6.23▲
2024 · -13.16
ROE
154.0%
ROA
21.3%▲
2024 · 4.6%
Interest coverage
4.66▲
2024 · 2.28
Debt ≤ 1 year
€21k▼
2024 · €24k
Staff costs
€48
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22k€24k▲
Fixed assets21/28€4k€8k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€1k€729▼
Furniture and vehicles24€601€2k▲
Financial fixed assets28€2k€5k▲
Current assets29/58€18k€17k▼
Stocks and contracts in progress3€1k€394▼
Stocks30/36€1k€394▼
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€3k€3k▼
Other amounts receivable41€703€264▼
Cash at bank and in hand54/58€12k€13k▲
Deferred charges and accrued income490/1€402€278▼
Equity and liabilities
Total equity and liabilities10/49€22k€24k▲
Equity10/15€-2k€3k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-21k€-16k▲
Amounts payable17/49€24k€21k▼
Amounts payable within one year42/48€24k€21k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€4k€31▼
Taxes450/3€2k-
Remuneration and social security454/9€2k€31▼
Other amounts payable47/48€17k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€48
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€447€400▼
Gross operating margin9900€5k€9k▲
Operating profit (loss)9901€3k€7k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€1k€5k▲
Profit (loss) for the period9904€1k€5k▲
Profit (loss) for the period to be appropriated9905€1k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-21k€-16k▲
Profit (loss) brought forward from the previous period14P€-22k€-21k▲
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €48 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €1k | €1k | €1k | ▲ 4.0% |
| Other operating charges640/8 | - | - | €643 | €447 | €400 | ▼ 10.6% |
| Gross operating margin9900 | €6k | €3k | €2k | €5k | €9k | ▲ 85.9% |
| Operating profit (loss)9901 | €3k | €1k | €-314 | €3k | €7k | ▲ 139% |
| Financial income75/76B | - | - | €2 | €1 | €0 | ▼ 96.2% |
| Recurring financial income75 | - | - | €2 | €1 | €0 | ▼ 96.2% |
| Financial charges65/66B | €217 | €155 | €395 | €2k | €2k | ▼ 4.7% |
| Recurring financial charges65 | €217 | €155 | €395 | €2k | €2k | ▼ 4.7% |
| Profit (loss) for the period before taxes9903 | €3k | €945 | €-707 | €1k | €5k | ▲ 410% |
| Profit (loss) for the period9904 | €3k | €945 | €-707 | €1k | €5k | ▲ 410% |
| Profit (loss) for the period to be appropriated9905 | €3k | €945 | €-707 | €1k | €5k | ▲ 410% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15k | €10k | €14k | €22k | €24k | ▲ 10.1% |
| Fixed assets21/28 | €4k | €2k | €4k | €4k | €8k | ▲ 95.5% |
| Tangible fixed assets22/27 | €4k | €2k | €2k | €2k | €3k | ▲ 47.1% |
| Plant, machinery and equipment23 | €4k | €2k | €552 | €1k | €729 | ▼ 40.4% |
| Furniture and vehicles24 | - | - | €1k | €601 | €2k | ▲ 225% |
| Financial fixed assets28 | - | €106 | €2k | €2k | €5k | ▲ 137% |
| Current assets29/58 | €11k | €8k | €10k | €18k | €17k | ▼ 8.4% |
| Stocks and contracts in progress3 | €1k | €1k | €1k | €1k | €394 | ▼ 73.6% |
| Stocks30/36 | €1k | €1k | €1k | €1k | €394 | ▼ 73.6% |
| Amounts receivable within one year40/41 | €7k | €4k | €4k | €4k | €3k | ▼ 33.1% |
| Trade receivables40 | €5k | €3k | €3k | €3k | €3k | ▼ 27.1% |
| Other amounts receivable41 | €2k | €1k | €1k | €703 | €264 | ▼ 62.5% |
| Cash at bank and in hand54/58 | €2k | €2k | €4k | €12k | €13k | ▲ 8.9% |
| Deferred charges and accrued income490/1 | €498 | €756 | €451 | €402 | €278 | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15k | €10k | €14k | €22k | €24k | ▲ 10.1% |
| Equity10/15 | €-3k | €-2k | €-3k | €-2k | €3k | ▲ 285% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-22k | €-21k | €-22k | €-21k | €-16k | ▲ 24.5% |
| Amounts payable17/49 | €18k | €12k | €16k | €24k | €21k | ▼ 12.3% |
| Amounts payable within one year42/48 | €18k | €12k | €16k | €24k | €21k | ▼ 12.3% |
| Trade debts44 | €4k | €2k | €1k | €2k | €1k | ▼ 46.5% |
| Suppliers440/4 | €4k | €2k | €1k | €2k | €1k | ▼ 46.5% |
| Taxes, remuneration and social security45 | €7k | €1k | €4k | €4k | €31 | ▼ 99.3% |
| Taxes450/3 | €7k | €30 | - | €2k | - | - |
| Remuneration and social security454/9 | - | €1k | €4k | €2k | €31 | ▼ 98.4% |
| Other amounts payable47/48 | €7k | €8k | €11k | €17k | €20k | ▲ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €945 | €-707 | €1k | €5k | ▲ 410% |
| + Depreciation and write-downs630 | €3k | €2k | €1k | €1k | €1k | ▲ 4.0% |
| Operating cash flow (approximation) | €6k | €3k | €723 | €2k | €7k | ▲ 172% |
| Investment in fixed assets (approximation) | - | €-106 | €-3k | €-1k | €-5k | ▼ 254% |
| Change in cash | - | €-200 | €3k | €8k | €1k | ▼ 86.2% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Highest result since 2020net €5k ▲410%
Operating result €7k, net result €5k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 61 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 17 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Halle · 1 establishment unit since 2018
Ground area
869 m²
Building footprint
35 m²
Volume, LiDAR
73 m³
Parcel 23413H0144/00N006, Flanders · tallest building 2.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IMDA PROJECTS
since 20182.277.042.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23413H0144/00N006 | Flanders | 869 m² | 1 · 35 m² | 2.5 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.
Similar companies · same sector, comparable size
TME Systems
BE 0716.690.339
Opwijk · Eq €3,373
HEXAPOWER
BE 0755.903.776
Roeselare · Eq €3,320
Electro D'Haene
BE 0759.832.177
Kortrijk · Eq €3,318
SEBELEC SECURITY
BE 0773.609.048
Colfontaine · Eq €3,317
V3 LIGHTING
BE 0563.712.431
Lokeren · Eq €3,403
Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 2,768 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded16-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
56112Limited-service restaurants, excluding mobile food services
47553Retail trade
56220Contract catering and other food service activities
95290Repair and maintenance of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.