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Ijmaro

Active
Private limited companyfounded 2025active for 1 yearBrugse Steenweg 32, 8000 Brugge, BelgiumKBO/BCE: BE 1018.728.939

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00484813.

Annual accounts 2025 filed on 31-08-2026 at the NBB

Turnover
≈ €92,000
Estimated: probably between €54,000 and €130,000
Total assets
€36,887
Net result
€23,117
Working capital
€24,709

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €36,887
Fixed assets €1,407
Current assets €35,480
Equity and liabilities €36,887
Equity €26,117
Debt €10,771
Debt's share of the balance-sheet total is 29.2%.
Key figures and ratios
2025 value
EBITDA
€31,760
Cash flow
€23,231
Current ratio
3.29
Debt to equity
0.41
ROE
88.5%
ROA
62.7%
Interest coverage
27.89
Debt ≤ 1 year
€10,771
Income taxes
€7,418

Investments

fixed assets acquired
Item2025
Tangible fixed assets€1,521
Depreciation and write-downs of the year€114

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as Ijmaro: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €33,700 and €44,300, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Ijmaro Brugge2025€36,887€26,117€31,760€23,1172025
Mei Wenti Brugge2024€44,272€29,228€37,247€26,7282025
LegrandK Brugge2025€39,499€25,942€31,003€20,9422025
P-SG Hooglede2025€40,909€22,102€31,331€21,1022025
Nest C&L Kortrijk2025€38,804€19,997€27,238€18,9972025
RoVanCo Bredene2024€41,055€31,153€34,799€26,5322025
Bavo Koen Roeselare2025€33,707€29,074€34,121€26,0642025

They were chosen from the 54,694 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as Ijmaro has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of Ijmaro itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for Ijmaro. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 32 lines

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Balance sheet Code2025
Assets
Total assets20/58€36,887
Fixed assets21/28€1,407
Tangible fixed assets22/27€1,407
Furniture and vehicles24€1,407
Current assets29/58€35,480
Amounts receivable within one year40/41€12,100
Trade receivables40€12,100
Cash at bank and in hand54/58€23,380
Equity and liabilities
Total equity and liabilities10/49€36,887
Equity10/15€26,117
Contributions10/11€3,000
Profit (loss) carried forward14€23,117
Amounts payable17/49€10,771
Amounts payable within one year42/48€10,771
Trade debts44€1,442
Suppliers440/4€1,442
Taxes, remuneration and social security45€8,953
Taxes450/3€6,515
Remuneration and social security454/9€2,438
Other amounts payable47/48€375
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114
Gross operating margin9900€31,760
Operating profit (loss)9901€31,646
Financial income75/76B€28
Recurring financial income75€28
Financial charges65/66B€1,139
Recurring financial charges65€1,139
Profit (loss) for the period before taxes9903€30,535
Income taxes67/77€7,418
Profit (loss) for the period9904€23,117
Profit (loss) for the period to be appropriated9905€23,117
Appropriation of the result
Profit (loss) to be appropriated9906€23,117

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114
Gross operating margin9900€31,760
Operating profit (loss)9901€31,646
Financial income75/76B€28
Recurring financial income75€28
Financial charges65/66B€1,139
Recurring financial charges65€1,139
Profit (loss) for the period before taxes9903€30,535
Income taxes67/77€7,418
Profit (loss) for the period9904€23,117
Profit (loss) for the period to be appropriated9905€23,117
Line2025
Assets
Total assets20/58€36,887
Fixed assets21/28€1,407
Tangible fixed assets22/27€1,407
Furniture and vehicles24€1,407
Current assets29/58€35,480
Amounts receivable within one year40/41€12,100
Trade receivables40€12,100
Cash at bank and in hand54/58€23,380
Equity and liabilities
Total equity and liabilities10/49€36,887
Equity10/15€26,117
Contributions10/11€3,000
Profit (loss) carried forward14€23,117
Amounts payable17/49€10,771
Amounts payable within one year42/48€10,771
Trade debts44€1,442
Suppliers440/4€1,442
Taxes, remuneration and social security45€8,953
Taxes450/3€6,515
Remuneration and social security454/9€2,438
Other amounts payable47/48€375
Line2025
Profit (loss) for the period9904€23,117
+ Depreciation and write-downs630€114
Operating cash flow (approximation)€23,231

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00484813 NBB

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