Summary
IMAAR is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €66,507 and a net result of €25,106. Equity has been growing by about 60% per year since 2023. Its solvency ranks better than 86% of 3,058 sector peers (NACE 66, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-05-2023 Normal situation
- Activity
- Insurance agents and brokers NACE 66220
- Establishment unit
- 2.348.941.805 2000 Antwerpen, since 05-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €25,106
- ▼ 0.8%
- Equity
- €66,507
- ▲ 60.6%
- Total assets
- €76,397
- ▲ 56.4%
- 2025 accounts filed 27 days after the deadline
Signalsraises risk2025 accounts filed 27 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
27 days late
2024
29 days late
2023
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 29 days after the deadline. In the sector (NACE 66), the median for financial year 2024 was 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432732.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 3 filings
Equity
€66,507▲ 60.6%
2024 · €41,400
Net result
€25,106▼ 0.8%
2024 · €25,321
Total assets
€76,397▲ 56.4%
2024 · €48,862
Solvency
87.1%▲ 2.3pp
2024 · 84.7%
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€30,270
▼ 4.5%
2025
20232025
Net result
€25,106
▼ 0.8%
2025
middle half of the sector
20232025
Equity
€66,507
▲ 60.6%
2025
middle half of the sector
20232025
Total assets
€76,397
▲ 56.4%
2025
lowest quarter of the sector
20232025
Debt
€9,890
▲ 32.5%
2025
20232025
Working capital
€66,507
▲ 60.6%
2025
middle half of the sector
20232025
Solvency
87.1%
▲ 2.3pp
2025
highest quarter of the sector
20232025
Current ratio
7.72
▲ 1.18
2025
highest quarter of the sector
20232025
Return on assets (ROA)
32.9%
▼ 19.0pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€19,880-€31,682▲ 59.4%€30,270▼ 4.5%
Net result€15,739within the sector's middle half-€25,321within the sector's middle half▲ 60.9%€25,106within the sector's middle half▼ 0.8%
Equity€16,939below the sector's middle half-€41,400within the sector's middle half▲ 144%€66,507within the sector's middle half▲ 60.6%
Total assets€21,835below the sector's middle half-€48,862below the sector's middle half▲ 124%€76,397below the sector's middle half▲ 56.4%
Debt€4,896-€7,462▲ 52.4%€9,890▲ 32.5%
Working capital€16,939within the sector's middle half-€41,400within the sector's middle half▲ 144%€66,507within the sector's middle half▲ 60.6%
Solvency77.6%above the sector's middle half-84.7%above the sector's middle half▲ 7.2pp87.1%above the sector's middle half▲ 2.3pp
Current ratio4.46above the sector's middle half-6.55above the sector's middle half▲ 2.097.72above the sector's middle half▲ 1.18
Return on assets (ROA)72.1%above the sector's middle half-51.8%above the sector's middle half▼ 20.3pp32.9%above the sector's middle half▼ 19.0pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% lower than in 2024.
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
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €76,397
Equity
€66,507 ▲ 60.6%
Debt
€9,890 ▲ 32.5%
Debt's share of the balance-sheet total falls from 15.3% to 12.9%. Equity and debt are higher.
Key figures and ratios
ROE
37.8%▼
2024 · 61.2%
Debt ≤ 1 year
€9,890▲
2024 · €7,462
Income taxes
€6,777▲
2024 · €6,747
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | €484 | €120 | ▼ 75.2% |
| Gross operating margin9900 | €19,880 | €32,166 | €30,390 | ▼ 5.5% |
| Operating profit (loss)9901 | €19,880 | €31,682 | €30,270 | ▼ 4.5% |
| Financial income75/76B | - | €433 | €1,693 | ▲ 291% |
| Recurring financial income75 | - | €433 | €1,693 | ▲ 291% |
| Financial charges65/66B | - | €47 | €80 | ▲ 69.5% |
| Recurring financial charges65 | - | €47 | €80 | ▲ 69.5% |
| Profit (loss) for the period before taxes9903 | €19,880 | €32,068 | €31,884 | ▼ 0.6% |
| Income taxes67/77 | €4,141 | €6,747 | €6,777 | ▲ 0.4% |
| Profit (loss) for the period9904 | €15,739 | €25,321 | €25,106 | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €15,739 | €25,321 | €25,106 | ▼ 0.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €21,835 | €48,862 | €76,397 | ▲ 56.4% |
| Current assets29/58 | €21,835 | €48,862 | €76,397 | ▲ 56.4% |
| Amounts receivable within one year40/41 | - | €42,773 | €60,556 | ▲ 41.6% |
| Trade receivables40 | - | €7,500 | - | - |
| Other amounts receivable41 | - | €35,273 | €60,556 | ▲ 71.7% |
| Cash at bank and in hand54/58 | €21,835 | €6,089 | €8,341 | ▲ 37.0% |
| Deferred charges and accrued income490/1 | - | - | €7,500 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €21,835 | €48,862 | €76,397 | ▲ 56.4% |
| Equity10/15 | €16,939 | €41,400 | €66,507 | ▲ 60.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €14,939 | €39,400 | €64,507 | ▲ 63.7% |
| Amounts payable17/49 | €4,896 | €7,462 | €9,890 | ▲ 32.5% |
| Amounts payable within one year42/48 | €4,896 | €7,462 | €9,890 | ▲ 32.5% |
| Trade debts44 | €1,526 | €5,094 | €8,287 | ▲ 62.7% |
| Suppliers440/4 | €1,526 | €5,094 | €8,287 | ▲ 62.7% |
| Taxes, remuneration and social security45 | €2,571 | €1,509 | €1,603 | ▲ 6.2% |
| Taxes450/3 | €2,506 | €1,444 | €1,603 | ▲ 11.0% |
| Remuneration and social security454/9 | €64 | €64 | - | - |
| Other amounts payable47/48 | €800 | €859 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,739 | €25,321 | €25,106 | ▼ 0.8% |
| Operating cash flow (approximation) | €15,739 | €25,321 | €25,106 | ▼ 0.8% |
| Change in cash | - | -€15,746 | €2,252 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, no change since 2023
SADOWSKI Isabelle Krystyna
Current
Director · appointed in the act of 09-05-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 27-08-2026
Owners and capital
Shareholders
At incorporation
act of 09-05-2023 ↗
- SADOWSKI Isabelle Krystyna sole founder · 100% at incorporation
Capital transactions
Capital over time
- 09-05-2023 Incorporation · €2,000
Network & group
IMAAR shares no director with another company.
Companies at the same address
5 other companies- Save Insurance Group Registered office · since 2025 1021775531
- SAVE INSURANCE BXL Establishment · since 2023 0642903330
- SAVE Antwerp Registered office · since 2019 0730786716
- Vereniging van Mede-eigenaars te Antwerpen, Amerikalei 11-13 en Paleisstraat 12-14-16 Registered office · since 1995 0847799893
- SAVE INSURANCE Registered office · since 1991 0442772732
Connections & network
1 current directorThe network starts from the directors of IMAAR. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
27-08
micro format · 27 days late
2025
29-08
micro format · 29 days late
2024
31-12
Financial
Highest result from 2023 to 2025net €25,321 ▲60.9%
The operating result of €31,682 and the net result of €25,321 are both a record.
30-08
micro format · 30 days late
2023
09-05
Gazette deed
IncorporationStarting capital €2,000 · Appointment: SADOWSKI Isabelle Krystyna (director) · Founder5 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointment: SADOWSKI Isabelle Krystyna (director) · Founder5 points ▸
- Incorporation, 04-05-2023
- Founder, SADOWSKI Isabelle Krystyna (sole founder)
- Founding capital, €2,000
- Director appointment, SADOWSKI Isabelle Krystyna (director)
- Other provision, “Volmachten” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
IMAAR in Dutch
Enterprise number
0801.477.544
Legal form
Private limited company
Status
Active, normale toestand
Founded
05-05-2023
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, 2000 Antwerpen,Amerikalei 11”
deed of 09-05-2023 (in Dutch)Registered office and establishments
Registered office
Amerikalei 11, 2000 Antwerpen, Belgium
Establishment unit
IMAAR, Amerikalei 11, 2000 Antwerpen since 05-05-2023 · unit number 2.348.941.80546180 Agents specialised in the wholesale of other particular products
Activities
NACEBEL 202566220
Insurance agents and brokers main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 09-05-2023 (in Dutch)
“Managementactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle…”
19 activities
- Managementactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal en dergelijke meer.
- Diverse administratieve activiteiten ten behoeve van kantoren.
- Fotokopiëren,document voorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren.
- Overige zakelijke dienstverlening.
- Overige adviesbureau op het gebied van bedrijfsbeheer;adviesbureau op het gebied van bedrijfsvoering.
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding en dergelijke meer.
- Detailhandel in allerlei producten via het internet(e-commerce).
- Niet-gespecialiseerde groothandel in niet-diepgevroren voedingsmiddelen,dranken en genotmiddelen.
- Niet-gespecialiseerde groothandel in diepgevroren voedingsmiddelen.
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning,organisatie,efficiëntie en dergelijke meer.
- Activiteiten van hoofdkantoren.
- Handelsbemiddeling gespecialiseerd in andere goederen.
- Bemiddeling bij de aankoop,verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis.
- Beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis.
- Innen van de huur(residentiële gebouwen).
- Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis.
- Verhuur en exploitatie van eigen of geleased residentieel onroerend goed,exclusief sociale woningen.
- Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed,exclusief terreinen.
- Overige vormen van onderwijs.
Invoicing and payment
VAT number
BE 0801.477.544
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 10:00
deed of 09-05-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,112 m²
Building footprint
272 m²
Building volume
6,616 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11811L3584/00C004 | Flanders | 1,112 m² | 1 · 272 m² | 30.0 m · 9 |