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IMAGINE

Active
Private limited company (pre-2019)founded 200719 yrs activeMathieu Pauwelsstraat 28a, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0890.995.775
Summary

The computed 12-month bankruptcy probability of IMAGINE is 2.3% (moderate). The 2025 annual accounts show negative equity (-€1,426) and a net result of €1,510. Equity is shrinking by ~44.4% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability78▼-22
Solvency18▲+18
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.23 in 2024; short-term debt: 107% and cash: 80.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 2025
Solvency, return and age of the figures
Solvency
-7%
Return on assets
7.4%
Age of the figures
15 mo
lowers risk · 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
highest failure risk from 2 to 8 years 19 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 d early
2024
59 d early
2023
50 d early
2022
83 d early
2021
62 d early
2020
25 d early
2019
65 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 55 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 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 3 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
neutral · 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

History

IMAGINE was incorporated on 23 July 2007.1 Total assets rose from EUR 10,414 in 2019 to EUR 20,496 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,510▼ 25.4%
2024 · €2,024
Working capital
-€5,489▲ 12.0%
2024 · -€6,235
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
Line20212022202320242025
Operating result-€1,544▲ 60.0%€1,201-€9,107€2,250€6,024▲ 168%
Net result-€1,462▲ 57.1%€290-€9,237€2,024€1,510▼ 25.4%
Equity€3,987▼ 26.8%€4,277▲ 7.3%-€4,960-€2,936▲ 40.8%-€1,426▲ 51.4%
Total assets€4,096▼ 29.9%€5,189▲ 26.7%€3,789▼ 27.0%€5,200▲ 37.2%€20,496▲ 294%
Debt€109▼ 72.0%€912▲ 737%€8,749▲ 859%€8,136▼ 7.0%€21,922▲ 169%
Working capital€3,987▼ 22.3%€4,277▲ 7.3%-€5,860-€6,235▼ 6.4%-€5,489▲ 12.0%
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000Operating result 2021: -€1,544-€1,544Net result 2021: -€1,462-€1,462Operating result 2022: €1,201€1,201Net result 2022: €290€290Operating result 2023: -€9,107-€9,107Net result 2023: -€9,237-€9,237Operating result 2024: €2,250€2,250Net result 2024: €2,024€2,024Operating result 2025: €6,024€6,024Net result 2025: €1,510€1,51020212022202320242025-€10,000-€5,000€0€5,000Operating result 2023: -€9,107-€9,110Net result 2023: -€9,237-€9,240Operating result 2024: €2,250€2,250Net result 2024: €2,024€2,020Operating result 2025: €6,024€6,020Net result 2025: €1,510€1,510202320242025
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 168% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €20,496
Fixed assets €4,063 ▲ 23.2%
Current assets €16,433 ▲ 764%
Key figures and ratios
2025 value · change against 2024
EBITDA
€6,509▲
2024 · €2,278
Cash flow
€1,995▼
2024 · €2,052
Solvency
-7.0%▲
2024 · -56.5%
Current ratio
0.75▲
2024 · 0.23
Debt to equity
-15.37▼
2024 · -2.77
ROA
7.4%▼
2024 · 38.9%
Interest coverage
87.96▲
2024 · 33.01
Debt ≤ 1 year
€21,922▲
2024 · €8,136
Income taxes
€4,440▲
2024 · €157
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.9% went bankrupt
4.8% stopped otherwise
92% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,632 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet Code20242025
Assets
Total assets20/58€5,200€20,496▲
Fixed assets21/28€3,299€4,063▲
Tangible fixed assets22/27€2,399€1,913▼
Furniture and vehicles24€2,399€1,913▼
Financial fixed assets28€900€2,150▲
Current assets29/58€1,901€16,433▲
Cash at bank and in hand54/58€1,901€16,433▲
Equity and liabilities
Total equity and liabilities10/49€5,200€20,496▲
Equity10/15-€2,936-€1,426▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14-€23,396-€21,886▲
Amounts payable17/49€8,136€21,922▲
Amounts payable within one year42/48€8,136€21,922▲
Trade debts44-€366
Suppliers440/4-€366
Taxes, remuneration and social security45-€3,559
Taxes450/3-€3,559
Other amounts payable47/48€8,136€17,997▲
Income statement Code20242025
Non-recurring operating income76A-€7,560
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28€485▲
Other operating charges640/8€384€387▲
Gross operating margin9900€2,662€6,896▲
Operating profit (loss)9901€2,250€6,024▲
Financial charges65/66B€69€74▲
Recurring financial charges65€69€74▲
Profit (loss) for the period before taxes9903€2,181€5,950▲
Income taxes67/77€157€4,440▲
Profit (loss) for the period9904€2,024€1,510▼
Profit (loss) for the period to be appropriated9905€2,024€1,510▼
Appropriation of the result
Profit (loss) to be appropriated9906-€23,396-€21,886▲
Profit (loss) brought forward from the previous period14P-€25,420-€23,396▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Non-recurring operating income76A----€7,560-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€319--€28€485▲ 1,632%
Other operating charges640/8-€347€348€384€387▲ 0.8%
Gross operating margin9900-€878€1,548-€8,759€2,662€6,896▲ 159%
Operating profit (loss)9901-€1,544€1,201-€9,107€2,250€6,024▲ 168%
Financial income75/76B-€102----
Recurring financial income75€345€102----
Financial charges65/66B-€93€69€69€74▲ 7.2%
Recurring financial charges65€50€93€69€69€74▲ 7.2%
Profit (loss) for the period before taxes9903-€1,249€1,210-€9,176€2,181€5,950▲ 173%
Income taxes67/77€213€920€61€157€4,440▲ 2,728%
Profit (loss) for the period9904-€1,462€290-€9,237€2,024€1,510▼ 25.4%
Profit (loss) for the period to be appropriated9905-€1,462€290-€9,237€2,024€1,510▼ 25.4%
Line20212022202320242025Change
Assets
Total assets20/58€4,096€5,189€3,789€5,200€20,496▲ 294%
Fixed assets21/28--€900€3,299€4,063▲ 23.2%
Tangible fixed assets22/27---€2,399€1,913▼ 20.3%
Furniture and vehicles24---€2,399€1,913▼ 20.3%
Financial fixed assets28--€900€900€2,150▲ 139%
Current assets29/58€4,096€5,189€2,889€1,901€16,433▲ 764%
Amounts receivable within one year40/41€1,687€1,612----
Trade receivables40-€14----
Other amounts receivable41-€1,598----
Cash at bank and in hand54/58€2,409€3,577€2,889€1,901€16,433▲ 764%
Equity and liabilities
Total equity and liabilities10/49€4,096€5,189€3,789€5,200€20,496▲ 294%
Equity10/15€3,987€4,277-€4,960-€2,936-€1,426▲ 51.4%
Contributions10/11-€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1-€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311-€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14-€16,473-€16,183-€25,420-€23,396-€21,886▲ 6.5%
Amounts payable17/49€109€912€8,749€8,136€21,922▲ 169%
Amounts payable within one year42/48€109€912€8,749€8,136€21,922▲ 169%
Trade debts44--€288-€366-
Suppliers440/4--€288-€366-
Taxes, remuneration and social security45-€912--€3,559-
Taxes450/3-€912--€3,559-
Other amounts payable47/48--€8,461€8,136€17,997▲ 121%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,462€290-€9,237€2,024€1,510▼ 25.4%
+ Depreciation and write-downs630€319--€28€485▲ 1,632%
Operating cash flow (approximation)-€1,143€290-€9,237€2,052€1,995▼ 2.8%
Investment in fixed assets (approximation)----€2,427-€1,249▲ 48.5%
Change in cash-€1,168-€688-€988€14,532▲ 1,571%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2025
18-12
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2024
03-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema
30-06
Financial Back to profitnet €2,024
Net result €2,024 after one loss-making year.
2023
12-12
NBB filing Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial Weakest financial yearnet -€9,237
Net result drops to -€9,237, the lowest in the series; recovery starts the following year.
2022
09-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial Back to profitnet €290
Net result €290 after 2 loss-making years.
2021
30-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema
30-06
Financial Liquidity triplescurrent ratio 37.58
Current ratio from 14.19 to 37.58; short-term debt falls from €389 to €109.
06-01
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
Financial Liquidity doublescurrent ratio 14.19
Current ratio from 6.30 to 14.19; short-term debt falls from €1,553 to €389.
2019
27-11
NBB filing Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2018
18-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema
30-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
13-01
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 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
3 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-Agatha-Berchem
exact location from the address register On OpenStreetMap
Ground area
5,694 m²
Building footprint
1,174 m²
Volume, LiDAR
12,693 m³
Parcel 21003A0232/00S000, Brussels · tallest building 13.5 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21003A0232/00S000 Brussels 5,694 m² 1 · 1,174 m² 13.5 m · 4 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-07-2007
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.