IMMAS
ActiveSummary
IMMAS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €162k and a net result of €10k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 60% of 9194 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-2
Solvency69▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.06 in 2024; short-term debt: 48% and cash: 1.4% of total assets), and 56.3% of the assets are financed with debt.
Credit advice 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
43.7%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
23 d early
2023
26 d early
2022
28 d early
2021
30 d early
2020
29 d early
2019
23 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€162k▲ 6.8%
2024 · €151k
2018: €67k
2019: €79k
2020: €93k
2021: €119k
2022: €132k
2023: €137k
2024: €151k
2018 → 2025
Total assets
€370k▲ 2.9%
2024 · €360k
2018: €362k
2019: €347k
2020: €341k
2021: €350k
2022: €353k
2023: €348k
2024: €360k
2018 → 2025
Net result
€10k▼ 25.0%
2024 · €14k
2018: €20k
2019: €12k
2020: €14k
2021: €26k
2022: €14k
2023: €5k
2024: €14k
2018 → 2025
Working capital
€-170k▼ 23.3%
2024 · €-138k
2018: €-45k
2019: €-52k
2020: €-64k
2021: €-76k
2022: €-92k
2023: €-111k
2024: €-138k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€119k-€132k▲ 11.4%€137k▲ 3.9%€151k▲ 10.0%€162k▲ 6.8%
Operating result€36k-€19k▼ 46.4%€9k▼ 51.5%€18k▲ 98.9%€13k▼ 30.1%
Net result€26k-€14k▼ 47.6%€5k▼ 61.7%€14k▲ 166%€10k▼ 25.0%
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 falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370k
Fixed assets
€362k ▲ 3.4%
Current assets
€8k ▼ 16.1%
Equity and liabilities €370k
Equity
€162k ▲ 6.8%
Debt
€209k ▲ 0.1%
Debt's share of the balance-sheet total falls from 57.9% to 56.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▼
2024 · €49k
Cash flow
€41k▼
2024 · €45k
Current ratio
0.04▼
2024 · 0.06
Debt to equity
1.29▼
2024 · 1.38
ROE
6.4%▼
2024 · 9.1%
ROA
2.8%▼
2024 · 3.8%
Interest coverage
32.21▲
2024 · 28.07
Debt ≤ 1 year
€178k▲
2024 · €147k
Debt > 1 year
€31k▼
2024 · €61k
Income taxes
€1k▼
2024 · €3k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€360k€370k▲
Fixed assets21/28€350k€362k▲
Tangible fixed assets22/27€350k€362k▲
Land and buildings22€350k€360k▲
Plant, machinery and equipment23€93€2k▲
Financial fixed assets28€372€372=
Current assets29/58€9k€8k▼
Cash at bank and in hand54/58€7k€5k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€360k€370k▲
Equity10/15€151k€162k▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Profit (loss) carried forward14€76k€86k▲
Amounts payable17/49€208k€209k▲
Amounts payable after more than one year17€61k€31k▼
Financial debts170/4€61k€31k▼
Amounts payable within one year42/48€147k€178k▲
Current portion of amounts payable after more than one year42€30k€30k▲
Trade debts44€36€12k▲
Suppliers440/4€36€12k▲
Taxes, remuneration and social security45€5k€5k▼
Taxes450/3€5k€5k▼
Other amounts payable47/48€112k€130k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€55k€49k▼
Operating profit (loss)9901€18k€13k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€17k€12k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€14k€10k▼
Profit (loss) for the period to be appropriated9905€14k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€86k▲
Profit (loss) brought forward from the previous period14P€62k€76k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €151k ▲10%
7 profitable years in a row build equity to €151k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €5k ▼61.7%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €26k ▲82.4%
Operating result €36k, net result €26k, both a record.
31-12
Financial
Equity above €100kEq €119k ▲27.8%
4 profitable years in a row build equity to €119k.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schilde · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
De Zevenster 272970 SchildeGround area
1,895 m²
Building footprint
244 m²
Parcel 11041C0295/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
IMMAS NV
since 19932.062.094.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041C0295/00E000 | Flanders | 1,895 m² | 1 · 244 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
IMGOVA
BE 0444.871.890
Awans · Eq €161,634
JB.C-REAL ESTATE
BE 0674.912.637
Waregem · Eq €161,578
WATERPAS PROJECTS
BE 0897.322.155
Bilzen-Hoeselt · Eq €161,666
CARSAN
BE 0449.914.902
Middelkerke · Eq €161,565
Joboconstruct
BE 0668.950.008
Anzegem · Eq €161,557
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,334 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.