IM ASSOCIATES
ActiveSummary
IM ASSOCIATES has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €787k and a net result of €930k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 31% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+4
Solvency55▼-8
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.96 in 2024; short-term debt: 68.6% and cash: 20.4% of total assets), and 69.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
Sector 70
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
30.2%
Return on assets
35.7%
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
8 d early
2023
12 d early
2022
74 d early
2021
97 d early
2020
107 d early
2019
69 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€787k▼ 8.2%
2024 · €857k
2019: €844k
2020: €1.04M
2021: €1.35M
2022: €1.42M
2023: €865k
2024: €857k
2019 → 2025
Total assets
€2.60M▲ 14.5%
2024 · €2.27M
2019: €3.21M
2020: €2.84M
2021: €3.69M
2022: €3.97M
2023: €2.15M
2024: €2.27M
2019 → 2025
Net result
€930k▲ 89.0%
2024 · €492k
2019: €321k
2020: €393k
2021: €508k
2022: €330k
2023: €493k
2024: €492k
2019 → 2025
Working capital
€771k▼ 27.9%
2024 · €1.07M
2019: €606k
2020: €634k
2021: €697k
2022: €641k
2023: €955k
2024: €1.07M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.35M-€1.42M▲ 5.9%€865k▼ 39.3%€857k▼ 0.9%€787k▼ 8.2%
Operating result€691k-€454k▼ 34.2%€708k▲ 55.9%€714k▲ 0.8%€1.29M▲ 80.9%
Net result€508k-€330k▼ 35.1%€493k▲ 49.6%€492k▼ 0.3%€930k▲ 89.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.60M
Fixed assets
€45k ▼ 47.9%
Current assets
€2.56M ▲ 17.0%
Equity and liabilities €2.60M
Equity
€787k ▼ 8.2%
Debt
€1.81M ▲ 28.3%
Debt's share of the balance-sheet total rises from 62.3% to 69.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.34M▲
2024 · €762k
Cash flow
€975k▲
2024 · €539k
Current ratio
1.43▼
2024 · 1.96
Quick ratio
1.43▼
2024 · 1.94
Debt to equity
2.31▲
2024 · 1.65
ROE
118.1%▲
2024 · 57.4%
ROA
35.7%▲
2024 · 21.6%
Interest coverage
89.72▲
2024 · 31.63
Debt ≤ 1 year
€1.79M▲
2024 · €1.12M
Income taxes
€354k▲
2024 · €205k
Staff costs
€1.72M▲
2024 · €1.60M
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.27M€2.60M▲
Fixed assets21/28€86k€45k▼
Intangible fixed assets21€60k€23k▼
Tangible fixed assets22/27€16k€13k▼
Plant, machinery and equipment23€16k€13k▼
Financial fixed assets28€9k€9k=
Current assets29/58€2.19M€2.56M▲
Stocks and contracts in progress3€17k€11k▼
Contracts in progress37€17k€11k▼
Amounts receivable within one year40/41€1.55M€2.01M▲
Trade receivables40€1.40M€757k▼
Other amounts receivable41€146k€1.25M▲
Cash at bank and in hand54/58€592k€531k▼
Deferred charges and accrued income490/1€30k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.27M€2.60M▲
Equity10/15€857k€787k▼
Contributions10/11€11k€11k=
Reserves13€846k€776k▼
Distributable reserves133€846k€776k▼
Amounts payable17/49€1.41M€1.81M▲
Amounts payable within one year42/48€1.12M€1.79M▲
Trade debts44€228k€121k▼
Suppliers440/4€228k€121k▼
Taxes, remuneration and social security45€389k€626k▲
Taxes450/3€111k€368k▲
Remuneration and social security454/9€278k€258k▼
Other amounts payable47/48€500k€1.04M▲
Accrued charges and deferred income492/3€298k€29k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.60M€1.72M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€45k▼
Other operating charges640/8€2k€11k▲
Gross operating margin9900€2.36M€3.07M▲
Operating profit (loss)9901€714k€1.29M▲
Financial income75/76B€7k€6k▼
Recurring financial income75€7k€6k▼
Financial charges65/66B€24k€15k▼
Recurring financial charges65€24k€15k▼
Profit (loss) for the period before taxes9903€697k€1.28M▲
Income taxes67/77€205k€354k▲
Profit (loss) for the period9904€492k€930k▲
Transfer from tax-exempt reserves789€30k-
Profit (loss) for the period to be appropriated9905€521k€930k▲
Appropriation of the result
Profit (loss) to be appropriated9906€521k€930k▲
Transfer from equity791/2-€70k
Transfer to equity691/2€21k-
To other reserves6921€21k-
Profit to be distributed694/7€500k€1.00M▲
Return on contributions (dividend)694€500k€1.00M▲
Social balance
Average headcount (FTE)908719.118.5▼
The notes to these accounts (9 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
01-09
State Gazette act
Reappointment: Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)Permanent representative: Peter Lenoir3 facts ▸
State Gazette act
Reappointment: Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Peter Lenoir3 facts ▸
- General meeting, 10-07-2026
- Auditor reappointment, Forvis Mazars Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Peter Lenoir
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €930k ▲89%
Operating result €1.29M, net result €930k, both a record.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.04M ▲22.9%
2 profitable years in a row build equity to €1.04M.
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1998
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.
Da Vincilaan 71930 ZaventemGround area
6,456 m²
Building footprint
1,500 m²
Volume, LiDAR
40,654 m³
Parcel 23094D0081/00D003, Flanders · tallest building 34.9 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
IM ASSOCIATES BVBA
since 19982.089.412.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0081/00D003 | Flanders | 6,456 m² | 1 · 1,500 m² | 34.9 m · 10 fl. |
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.
Statutory auditor
1 auditor| Forvis Mazars Réviseurs d’EntreprisesCurrent Statutory auditor · represented by Peter Lenoir | 01-01-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,856 EUR awarded · 4,856 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,619 EUR | 1,619 EUR |
| 2023 | 2 | 1,123 EUR | 1,123 EUR |
| 2022 | 1 | 2,114 EUR | 2,114 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 30,410 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 formPrivate limited company
Founded09-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73200Market research and public opinion polling
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.