IMA
ActiveSummary
IMA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €123k and a net result of €13k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+7
Solvency64▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.89 against 0.74 in 2023; short-term debt: 60.7% and cash: 5.5% of total assets), and 61% of the assets are financed with debt.
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Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39%
Return on assets
4.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
25 d early
2022
3 d early
2021
4 d early
2020
5 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2024, micro schema
Equity
€123k▲ 10.7%
2023 · €111k
Total assets
€315k▲ 18.0%
2023 · €267k
Net result
€13k
2023 · €-3k
Working capital
€-21k▲ 49.3%
2023 · €-41k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26k▲ 38.1%€28k▲ 9.2%€35k▲ 22.0%€-3k€19k
Net result€17k▲ 58.6%€16k▼ 6.5%€17k▲ 7.8%€-3k€13k
Equity€83k▲ 24.5%€99k▲ 18.3%€115k▲ 16.8%€111k▼ 3.7%€123k▲ 10.7%
Total assets€351k▲ 59.0%€411k▲ 17.2%€512k▲ 24.8%€267k▼ 47.9%€315k▲ 18.0%
Debt€267k▲ 74.0%€312k▲ 16.8%€397k▲ 27.3%€156k▼ 60.8%€192k▲ 23.2%
Working capital€-26k▲ 79.6%€35k€97k▲ 175%€-41k€-21k▲ 49.3%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €19k after a loss of €3k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €315k
Fixed assets
€144k ▼ 5.3%
Current assets
€170k ▲ 49.3%
Equity and liabilities €315k
Equity
€123k ▲ 10.7%
Debt
€192k ▲ 23.2%
Debt's share of the balance-sheet total rises from 58.4% to 61.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€27k▲
2023 · €9k
Cash flow
€21k▲
2023 · €8k
Current ratio
0.89▲
2023 · 0.74
Quick ratio
0.19▼
2023 · 0.69
Debt to equity
1.57▲
2023 · 1.41
ROE
10.5%▲
2023 · -3.0%
ROA
4.1%▲
2023 · -1.3%
Interest coverage
18.62▼
2023 · 372.96
Debt ≤ 1 year
€191k▲
2023 · €155k
Debt > 1 year
€1k=
2023 · €1k
Income taxes
€4k▲
2023 · €157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €14k | €12k | €12k | €8k | ▼ 30.6% |
| Other operating charges640/8 | - | €4k | €3k | €4k | €4k | ▲ 7.9% |
| Gross operating margin9900 | €45k | €46k | €50k | €12k | €31k | ▲ 152% |
| Operating profit (loss)9901 | €26k | €28k | €35k | €-3k | €19k | ▲ 690% |
| Financial income75/76B | - | €2 | €1 | €1 | €31 | ▲ 3,000% |
| Recurring financial income75 | €58 | €2 | €1 | €1 | €31 | ▲ 3,000% |
| Financial charges65/66B | - | €4k | €11k | €23 | €1k | ▲ 6,161% |
| Recurring financial charges65 | €3k | €4k | €11k | €23 | €1k | ▲ 6,161% |
| Profit (loss) for the period before taxes9903 | €23k | €24k | €24k | €-3k | €17k | ▲ 642% |
| Income taxes67/77 | €6k | €8k | €6k | €157 | €4k | ▲ 2,712% |
| Profit (loss) for the period9904 | €17k | €16k | €17k | €-3k | €13k | ▲ 484% |
| Profit (loss) for the period to be appropriated9905 | €17k | €16k | €17k | €-3k | €13k | ▲ 484% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €351k | €411k | €512k | €267k | €315k | ▲ 18.0% |
| Fixed assets21/28 | €185k | €172k | €159k | €153k | €144k | ▼ 5.3% |
| Tangible fixed assets22/27 | €185k | €172k | €159k | €153k | €144k | ▼ 5.3% |
| Land and buildings22 | - | €156k | €150k | €144k | €139k | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €4k | €4k | €4k | €3k | ▼ 32.7% |
| Furniture and vehicles24 | - | €12k | €5k | €4k | €3k | ▼ 24.0% |
| Current assets29/58 | €165k | €239k | €353k | €114k | €170k | ▲ 49.3% |
| Stocks and contracts in progress3 | €131k | €215k | €324k | €8k | €135k | ▲ 1,674% |
| Stocks30/36 | - | - | - | €8k | €135k | ▲ 1,674% |
| Contracts in progress37 | - | €215k | €324k | - | - | - |
| Amounts receivable within one year40/41 | €2k | €5k | €1k | €8k | €3k | ▼ 59.2% |
| Other amounts receivable41 | - | €5k | €1k | €8k | €3k | ▼ 59.2% |
| Current investments50/53 | €7k | €11k | €21k | €14k | €12k | ▼ 15.1% |
| Cash at bank and in hand54/58 | €23k | €7k | €6k | €83k | €17k | ▼ 79.1% |
| Deferred charges and accrued income490/1 | - | €781 | €1k | €1k | €3k | ▲ 147% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €351k | €411k | €512k | €267k | €315k | ▲ 18.0% |
| Equity10/15 | €83k | €99k | €115k | €111k | €123k | ▲ 10.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €30k | €46k | €64k | €64k | €75k | ▲ 18.7% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €44k | €62k | €64k | €75k | ▲ 18.7% |
| Profit (loss) carried forward14 | €35k | €34k | €33k | €29k | €29k | = |
| Amounts payable17/49 | €267k | €312k | €397k | €156k | €192k | ▲ 23.2% |
| Amounts payable after more than one year17 | €76k | €108k | €141k | €1k | €1k | = |
| Financial debts170/4 | - | €107k | €140k | - | - | - |
| Other amounts payable178/9 | - | €1k | €1k | €1k | €1k | = |
| Amounts payable within one year42/48 | €191k | €204k | €256k | €155k | €191k | ▲ 23.4% |
| Trade debts44 | €4k | €1k | €1k | €5k | €2k | ▼ 58.5% |
| Suppliers440/4 | - | €1k | €1k | €5k | €2k | ▼ 58.5% |
| Taxes, remuneration and social security45 | - | €3k | €6k | €5k | €12k | ▲ 123% |
| Taxes450/3 | - | €3k | €6k | €5k | €12k | ▲ 123% |
| Other amounts payable47/48 | - | €199k | €249k | €144k | €177k | ▲ 22.8% |
| Accrued charges and deferred income492/3 | - | €525 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €16k | €17k | €-3k | €13k | ▲ 484% |
| + Depreciation and write-downs630 | €15k | €14k | €12k | €12k | €8k | ▼ 30.6% |
| Operating cash flow (approximation) | €32k | €30k | €29k | €8k | €21k | ▲ 150% |
| Investment in fixed assets (approximation) | - | €0 | €178 | €-5k | €0 | ▲ 100% |
| Change in cash | - | €-16k | €-862 | €77k | €-66k | ▼ 185% |
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
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €17k ▲7.8%
Operating result €35k, net result €17k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲16.8%
5 profitable years in a row build equity to €115k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Gillis-Waas · 1 establishment unit since 1989
Ground area
209 m²
Building footprint
188 m²
Volume, LiDAR
1,119 m³
Parcel 46022B0207/00D000, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMA
since 19892.042.830.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022B0207/00D000 | Flanders | 209 m² | 1 · 188 m² | 11.8 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 419 EUR awarded · 419 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 237 EUR | 237 EUR |
| 2023 | 1 | 113 EUR | 113 EUR |
| 2022 | 1 | 69 EUR | 69 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,039. 12,929 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-01-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.