IM CONSTRUCT

Active

Private limited companyfounded 201016 yrs activeJules Algoetsquare 5, 1070 Anderlecht, BelgiumKBO/BCE: BE 0822.961.262

The computed 12-month bankruptcy probability of IM CONSTRUCT is 1.6% (moderate). The 2024 annual accounts show equity of €318k and a net result of €55k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 3549 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

72 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability79▲+4

Solvency71▼-28

Growth52=

Track record100

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €22k at 30 days acceptable

Liquidity ample (current ratio 4.5 against 4.36 in 2023; short-term debt: 11.3% and cash: 37.6% of total assets), but 54.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

27 d late

2023

57 d late

2022

32 d late

2021

18 d early

2020

30 d late

2019

75 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€55k▲ 160%

2023 · €21k

2018: €93k 2019: €70k 2020: €59k 2021: €39k 2022: €106k 2023: €21k

2018 → 2024

Working capital

€274k▼ 1.2%

2023 · €278k

2018: €183k 2019: €103k 2020: €160k 2021: €203k 2022: €255k 2023: €278k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€175k-€214k▲ 22.6%€285k▲ 32.9%€306k▲ 7.4%€318k▲ 4.0%

Operating result€77k-€56k▼ 27.7%€146k▲ 162%€38k▼ 73.6%€96k▲ 151%

Net result€59k-€39k▼ 33.2%€106k▲ 169%€21k▼ 80.1%€55k▲ 160%

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 151% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €693k

49.1%

50.9%

Fixed assets €340k▲ 540%

Current assets €353k▼ 2.1%

Equity and liabilities €693k

45.9%

54.1%

Equity €318k▲ 4.0%

Debt €375k▲ 248%

The debt ratio rises from 26.0% to 54.1%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€120k▲

2023 · €59k

Cash flow

€79k▲

2023 · €42k

Solvency

45.9%▼

2023 · 74.0%

Current ratio

4.50▲

2023 · 4.36

Quick ratio

4.45▲

2023 · 4.30

Debt / equity

1.18▲

2023 · 0.35

ROE

17.3%▲

2023 · 6.9%

ROA

7.9%▲

2023 · 5.1%

Interest coverage

7.52▼

2023 · 13.22

Debt

€375k▲

2023 · €108k

Debt ≤ 1 year

€78k▼

2023 · €83k

Debt > 1 year

€275k▲

2023 · €20k

Income taxes

€27k▲

2023 · €14k

Staff costs

€263k▼

2023 · €298k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€414k€693k▲

Fixed assets21/28€53k€340k▲

Tangible fixed assets22/27€46k€332k▲

Land and buildings22-€198k

Plant, machinery and equipment23€13k€81k▲

Furniture and vehicles24€33k€53k▲

Financial fixed assets28€7k€7k=

Current assets29/58€361k€353k▼

Amounts receivable after more than one year29-€35k

Other amounts receivable291-€35k

Stocks and contracts in progress3€5k€4k▼

Stocks30/36€5k€4k▼

Amounts receivable within one year40/41€141k€44k▼

Trade receivables40€81k€22k▼

Other amounts receivable41€60k€22k▼

Cash at bank and in hand54/58€191k€261k▲

Deferred charges and accrued income490/1€24k€9k▼

Equity and liabilities

Total equity and liabilities10/49€414k€693k▲

Equity10/15€306k€318k▲

Contributions10/11€6k€6k=

Outside capital11€6k-

Other1109/19€6k-

Reserves13€300k€312k▲

Tax-exempt reserves132€34k€34k=

Distributable reserves133€266k€278k▲

Amounts payable17/49€108k€375k▲

Amounts payable after more than one year17€20k€275k▲

Financial debts170/4€20k€275k▲

Amounts payable within one year42/48€83k€78k▼

Current portion of amounts payable after more than one year42€8k€16k▲

Trade debts44€74k€13k▼

Suppliers440/4€74k€13k▼

Taxes, remuneration and social security45€1k€50k▲

Taxes450/3-€44k

Remuneration and social security454/9€1k€5k▲

Accrued charges and deferred income492/3€5k€22k▲

Income statement Code20232024

Remuneration, social security and pensions62€298k€263k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲

Other operating charges640/8€6k€36k▲

Gross operating margin9900€364k€419k▲

Operating profit (loss)9901€38k€96k▲

Financial income75/76B€655€1k▲

Recurring financial income75€655€1k▲

Financial charges65/66B€4k€16k▲

Recurring financial charges65€4k€16k▲

Profit (loss) for the period before taxes9903€35k€82k▲

Income taxes67/77€14k€27k▲

Profit (loss) for the period9904€21k€55k▲

Profit (loss) for the period to be appropriated9905€21k€55k▲

Appropriation of the result

Profit (loss) to be appropriated9906€21k€55k▲

Transfer from equity791/2-€43k

Transfer to equity691/2€21k€55k▲

To other reserves6921€21k€55k▲

Profit to be distributed694/7-€43k

Return on contributions (dividend)694-€43k

Social balance

Average headcount (FTE)9087-4.9

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

27-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 27 days late

2024

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

31-12

Financial Weakest financial yearnet €21k ▼80.1%

Net result drops to €21k, the lowest in the series; recovery starts the following year.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

31-12

Financial Highest result since 2018net €106k ▲169%

Operating result €146k, net result €106k, both a record.

13-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Equity above €200kEq €214k ▲22.6%

4 profitable years in a row build equity to €214k.

30-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 30 days late

2020

31-12

Financial Equity above €150kEq €175k ▲51%

3 profitable years in a row build equity to €175k.

14-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 75 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 30 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 31 days late

2016

31-08

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Anderlecht · 1 establishment unit since 2010

establishment The establishment unit on the map

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.

Jules Algoetsquare 51070 Anderlecht

Ground area

202 m²

Building footprint

202 m²

Volume, LiDAR

1,104 m³

Parcel 21001A0445/00T000, Brussels · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

IM CONSTRUCT

Jules Algoetsquare 5, 1070 AnderlechtManufacture of metal structures and parts of structures

since 20102.186.275.971

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21001A0445/00T000	Brussels	202 m²	1 · 202 m²	10.4 m · 2 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.

Recognitions · licences · registrations

Recognised contractor

13 categories

IM CONSTRUCT SRL43845

category D, class 1 · category D1, class 1 · category D11, class 1 · category D13, class 1 · category D14, class 1 · category D15, class 1 · category D16, class 1 · category D20, class 1 · category D21, class 1 · category D25, class 1 · category D29, class 1 · category D4, class 1 · category D5, class 1

decision 14-05-2024