IMABRU
ActiveSummary
IMABRU has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182,790 and a net result of -€2,853. Equity is shrinking by ~4.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+5
Solvency64▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.18 against 0.71 in 2023; short-term debt: 12.9% and cash: 2.1% of total assets), and 61.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
38.6%
Return on assets
-0.6%
Age of the figures
21 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 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
41 d early
2023
33 d early
2022
59 d early
2021
23 d early
2020
12 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 30 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 20 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€182,790▼ 1.5%
2023 · €185,643
Total assets
€473,387▼ 9.0%
2023 · €520,088
Net result
-€2,853▲ 88.7%
2023 · -€25,257
Working capital
-€49,893▼ 170%
2023 · -€18,510
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-€16,397▼ 295%€16,824-€16,297-€18,623▼ 14.3%€4,113
Net result-€16,636▼ 250%€12,450-€21,375-€25,257▼ 18.2%-€2,853▲ 88.7%
Equity€219,826▼ 7.0%€232,275▲ 5.7%€210,900▼ 9.2%€185,643▼ 12.0%€182,790▼ 1.5%
Total assets€339,771▲ 40.7%€611,574▲ 80.0%€564,017▼ 7.8%€520,088▼ 7.8%€473,387▼ 9.0%
Debt€119,946▲ 2,316%€379,298▲ 216%€353,117▼ 6.9%€334,446▼ 5.3%€290,597▼ 13.1%
Working capital-€1,089-€50,426▼ 4,530%-€53,901▼ 6.9%-€18,510▲ 65.7%-€49,893▼ 170%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,113 after a loss of €18,623 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €473,387
Fixed assets
€462,214 ▼ 2.7%
Current assets
€11,173 ▼ 75.1%
Equity and liabilities €473,387
Equity
€182,790 ▼ 1.5%
Debt
€290,597 ▼ 13.1%
Debt's share of the balance-sheet total falls from 64.3% to 61.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€80,404▲
2023 · €58,488
Cash flow
€73,438▲
2023 · €51,854
Current ratio
0.18▼
2023 · 0.71
Debt to equity
1.59▼
2023 · 1.80
ROE
-1.6%▲
2023 · -13.6%
ROA
-0.6%▲
2023 · -4.9%
Interest coverage
11.54▲
2023 · 8.82
Debt ≤ 1 year
€61,066▼
2023 · €63,353
Debt > 1 year
€229,530▼
2023 · €271,092
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,976 | €56,740 | €73,059 | €77,112 | €76,291 | ▼ 1.1% |
| Other operating charges640/8 | - | €1,827 | €1,834 | €3,271 | €4,729 | ▲ 44.6% |
| Gross operating margin9900 | €25,370 | €75,391 | €58,596 | €61,759 | €85,133 | ▲ 37.8% |
| Operating profit (loss)9901 | -€16,397 | €16,824 | -€16,297 | -€18,623 | €4,113 | ▲ 122% |
| Financial income75/76B | - | €0 | - | €0 | €1 | ▲ 900% |
| Recurring financial income75 | - | €0 | - | €0 | €1 | ▲ 900% |
| Financial charges65/66B | - | €4,374 | €5,078 | €6,634 | €6,967 | ▲ 5.0% |
| Recurring financial charges65 | €239 | €4,374 | €5,078 | €6,634 | €6,967 | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | -€16,636 | €12,450 | -€21,375 | -€25,257 | -€2,853 | ▲ 88.7% |
| Profit (loss) for the period9904 | -€16,636 | €12,450 | -€21,375 | -€25,257 | -€2,853 | ▲ 88.7% |
| Profit (loss) for the period to be appropriated9905 | -€16,636 | €12,450 | -€21,375 | -€25,257 | -€2,853 | ▲ 88.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €339,771 | €611,574 | €564,017 | €520,088 | €473,387 | ▼ 9.0% |
| Fixed assets21/28 | €313,815 | €557,560 | €513,307 | €475,245 | €462,214 | ▼ 2.7% |
| Tangible fixed assets22/27 | €313,815 | €557,560 | €513,307 | €475,245 | €462,214 | ▼ 2.7% |
| Land and buildings22 | - | €552,437 | €507,030 | €470,110 | €457,929 | ▼ 2.6% |
| Furniture and vehicles24 | - | €5,123 | €6,277 | €5,135 | €4,285 | ▼ 16.6% |
| Current assets29/58 | €25,956 | €54,014 | €50,710 | €44,843 | €11,173 | ▼ 75.1% |
| Amounts receivable within one year40/41 | €456 | €4,776 | - | €1,143 | - | - |
| Trade receivables40 | - | - | - | €1,143 | - | - |
| Other amounts receivable41 | - | €4,776 | - | - | - | - |
| Cash at bank and in hand54/58 | €24,882 | €48,602 | €47,316 | €42,776 | €9,852 | ▼ 77.0% |
| Deferred charges and accrued income490/1 | - | €637 | €3,393 | €924 | €1,321 | ▲ 43.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €339,771 | €611,574 | €564,017 | €520,088 | €473,387 | ▼ 9.0% |
| Equity10/15 | €219,826 | €232,275 | €210,900 | €185,643 | €182,790 | ▼ 1.5% |
| Contributions10/11 | €309,867 | €309,867 | €309,867 | €309,867 | €309,867 | = |
| Capital10 | - | €309,867 | €309,867 | - | €309,867 | - |
| Issued capital100 | - | €309,867 | €309,867 | - | €309,867 | - |
| Profit (loss) carried forward14 | -€90,041 | -€77,591 | -€98,967 | -€124,224 | -€127,077 | ▼ 2.3% |
| Amounts payable17/49 | €119,946 | €379,298 | €353,117 | €334,446 | €290,597 | ▼ 13.1% |
| Amounts payable after more than one year17 | €92,900 | €274,858 | €247,809 | €271,092 | €229,530 | ▼ 15.3% |
| Financial debts170/4 | - | €274,858 | €247,809 | €271,092 | €229,530 | ▼ 15.3% |
| Amounts payable within one year42/48 | €27,045 | €104,440 | €104,611 | €63,353 | €61,066 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €26,609 | €27,050 | €40,464 | €41,381 | ▲ 2.3% |
| Trade debts44 | €9,776 | - | - | €15,410 | €11,392 | ▼ 26.1% |
| Suppliers440/4 | - | - | - | €15,410 | €11,392 | ▼ 26.1% |
| Advances received on contracts in progress46 | - | - | €558 | €558 | €558 | = |
| Other amounts payable47/48 | - | €77,831 | €77,003 | €6,922 | €7,736 | ▲ 11.8% |
| Accrued charges and deferred income492/3 | - | - | €697 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,636 | €12,450 | -€21,375 | -€25,257 | -€2,853 | ▲ 88.7% |
| + Depreciation and write-downs630 | €39,976 | €56,740 | €73,059 | €77,112 | €76,291 | ▼ 1.1% |
| Operating cash flow (approximation) | €23,340 | €69,190 | €51,684 | €51,854 | €73,438 | ▲ 41.6% |
| Investment in fixed assets (approximation) | - | -€300,485 | -€28,807 | -€39,050 | -€63,260 | ▼ 62.0% |
| Change in cash | - | €23,720 | -€1,285 | -€4,540 | -€32,925 | ▼ 625% |
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
Next filing, fiscal year 2026, expected by
2026
09-09
State Gazette act
Resignation: Alfred Bruneel (director)Appointment: Véronique Bruneel (non-statutory director) · Reappointments: Stéphane Bruneel (non-statutory director) and Véronique Bruneel (non-statutory director) · Power of attorney9 facts ▸
State Gazette act
Resignation: Alfred Bruneel (director)
Appointment: Véronique Bruneel (non-statutory director) · Reappointments: Stéphane Bruneel (non-statutory director) and Véronique Bruneel (non-statutory director) · Power of attorney9 facts ▸
- General meeting, 01-06-2026
- Director resignation, Alfred Bruneel (director)
- Director appointment, Véronique Bruneel (non-statutory director)
- Director reappointment, Stéphane Bruneel (non-statutory director)
- Director reappointment, Véronique Bruneel (non-statutory director)
- Power of attorney, BV Rens Accountants
- Power of attorney, Filip Diez
- Power of attorney, Marjolijn Himpens
- Power of attorney, Shari Depuydt
18-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€25,257
Net result drops to -€25,257, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €12,450
Net result €12,450 after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 17.36
Current ratio from 8.09 to 17.36; short-term debt falls from €10,592 to €4,914.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
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.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Véronique Bruneel
CurrentNon-statutory director · since 09-02-2021
Stéphane Bruneel
CurrentNon-statutory director · since 01-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Kampenhout · 1 establishment unit since 1991
Ground area
1,339 m²
Building footprint
140 m²
Parcel 23038D0620/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
Dorpsstraat 52, 1910 Kampenhout
since 19912.053.199.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23038D0620/00G000 | Flanders | 1,339 m² | 1 · 140 m² | - |
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.
Mandate history
3 people since 2021, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Véronique Bruneel |
|
| Stéphane Bruneel |
|
| Alfred Bruneel |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Identification & contact
Identification
Legal formPublic limited company
Founded13-05-1991
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0444190318
Registered
13-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.