Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
IMAGEby pays its suppliers 58 days later than in 2024. Customers pay 32 days later.
Seven of the last ten came late. The 2019 accounts came latest: 31 days after the end of the period.
Lower solvency than 92% of companies in other professional activities. Sector median 49.6% · 4,566 companies.
In July 2024, 6,920 companies had the same profile as IMAGEby has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for IMAGEby. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| IMAGEby Forest | €23,085 | €122 | -87.6% | - |
| DYOD Sint-Gillis (bij-Brussel) | €19,486 | €82 | -95.8% | - |
| HENDRIK BIEGS FOTOGRAFIE Herentals | €26,824 | -€8,227 | -34.7% | - |
| YOVA TECH DESIGN Lincent | €19,705 | -€1,863 | -80.2% | - |
| LIENCE Mons | €29,801 | -€530 | 14.8% | - |
| Tanali Woluwe-Saint-Pierre | €28,872 | €1,676 | 12.4% | - |
| STILLMATION Herzele | €37,262 | -€19,218 | -17.1% | - |
These companies have the same main activity as IMAGEby: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €19,500 and €37,300, founded between 2004 and 2011.
IMAGEby has existed since 2007. Turnover fell from €16,911 in 2007 to €9,832 in 2025.
Solvency fell in 2025 from -59.1% to -87.6% because of the loss and higher debts to suppliers.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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