IMAGINE CONCEPT
ActiveSummary
IMAGINE CONCEPT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,284 and a net result of -€3,439. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 1033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
What they do
Civil engineering
NACE 42212NACE 45230
#9 oldest company in Mettet, Construction sector1 site
How big
€80,949total assets 2025
- Equity
- €45,284
- Loss
- -€3,439
Turnover not published (abridged schema)
Who decides
Accounts 57 d early0 of 2 deeds read
Why 66- Higher-failure-rate sector- Higher-failure-rate region- Annual accounts: weaker financial profile- Persistent losses+ Long track recordLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability63=
Solvency81▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.84 in 2024; short-term debt: 44.1% and cash: 4% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
55.9%
Return on assets
-4.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,439
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
8 d late
2023
8 d early
2022
457 d late
2021
30 d late
2020
31 d late
2019
66 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 75 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% of the sector filed 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 8 August (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€4,598
Financials
Fiscal year 2025Total assets €80,949Loss -€3,439Solvency 55.9%Liquidity 0.72
Total assets
€80,949▼ 17.4%
2018 - 2025
Net result
-€3,439▲ 25.2%
2018 - 2025
Equity
€45,284▼ 7.1%
2018 - 2025
Solvency
55.9%▲ 6.2pp
2018 - 2025
Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in Mettet, Construction sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€3,778€12,229€6,389▼ 47.8%-€2,750€219
Net result-€4,169below the sector's middle half€10,684within the sector's middle half€5,687within the sector's middle half▼ 46.8%-€4,598below the sector's middle half-€3,439below the sector's middle half▲ 25.2%
Equity€36,950within the sector's middle half▼ 10.1%€47,634within the sector's middle half▲ 28.9%€53,321within the sector's middle half▲ 11.9%€48,723within the sector's middle half▼ 8.6%€45,284within the sector's middle half▼ 7.1%
Total assets€117,493within the sector's middle half▼ 10.7%€113,493within the sector's middle half▼ 3.4%€69,721within the sector's middle half▼ 38.6%€97,998within the sector's middle half▲ 40.6%€80,949within the sector's middle half▼ 17.4%
Debt€80,542▼ 11.0%€65,859▼ 18.2%€16,400▼ 75.1%€49,274▲ 200%€35,665▼ 27.6%
Working capital-€41,532below the sector's middle half▲ 20.3%-€16,079below the sector's middle half▲ 61.3%€4,377within the sector's middle half-€7,787below the sector's middle half-€10,101below the sector's middle half▼ 29.7%
Solvency31.4%within the sector's middle half▲ 0.2pp42.0%within the sector's middle half▲ 10.5pp76.5%above the sector's middle half▲ 34.5pp49.7%within the sector's middle half▼ 26.8pp55.9%within the sector's middle half▲ 6.2pp
Current ratio0.48below the sector's middle half▲ 0.060.76below the sector's middle half▲ 0.271.27within the sector's middle half▲ 0.510.84below the sector's middle half▼ 0.420.72below the sector's middle half▼ 0.13
Return on assets (ROA)-3.5%below the sector's middle half▼ 20.1pp9.4%within the sector's middle half▲ 13.0pp8.2%within the sector's middle half▼ 1.3pp-4.7%below the sector's middle half▼ 12.8pp-4.2%below the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €219 after a loss of €2,750 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,949
Fixed assets
€55,385 ▼ 2.0%
Current assets
€25,564 ▼ 38.4%
Equity and liabilities €80,949
Equity
€45,284 ▼ 7.1%
Debt
€35,665 ▼ 27.6%
Debt's share of the balance-sheet total falls from 50.3% to 44.1%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
€6,345▼
2024 · €10,345
Cash flow
€2,687▼
2024 · €8,497
Debt to equity
0.79▼
2024 · 1.01
ROE
-7.6%▲
2024 · -9.4%
Interest coverage
6.51▼
2024 · 16.16
Debt ≤ 1 year
€35,665▼
2024 · €49,274
Income taxes
€2,684▲
2024 · €1,554
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 12,321 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,769 | €14,769 | €14,769 | €13,095 | €6,126 | ▼ 53.2% |
| Other operating charges640/8 | €2,278 | €2,814 | €1,345 | €2,589 | €2,573 | ▼ 0.6% |
| Gross operating margin9900 | €13,269 | €29,813 | €22,502 | €12,934 | €8,918 | ▼ 31.0% |
| Operating profit (loss)9901 | -€3,778 | €12,229 | €6,389 | -€2,750 | €219 | ▲ 108% |
| Financial income75/76B | €6 | - | - | €347 | - | - |
| Recurring financial income75 | €6 | - | - | €347 | - | - |
| Financial charges65/66B | €398 | €470 | €702 | €640 | €974 | ▲ 52.2% |
| Recurring financial charges65 | €398 | €470 | €702 | €640 | €974 | ▲ 52.2% |
| Profit (loss) for the period before taxes9903 | -€4,169 | €11,759 | €5,687 | -€3,043 | -€755 | ▲ 75.2% |
| Income taxes67/77 | - | €1,076 | - | €1,554 | €2,684 | ▲ 72.7% |
| Profit (loss) for the period9904 | -€4,169 | €10,684 | €5,687 | -€4,598 | -€3,439 | ▲ 25.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,169 | €10,684 | €5,687 | -€4,598 | -€3,439 | ▲ 25.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,493 | €113,493 | €69,721 | €97,998 | €80,949 | ▼ 17.4% |
| Fixed assets21/28 | €78,482 | €63,713 | €48,944 | €56,511 | €55,385 | ▼ 2.0% |
| Tangible fixed assets22/27 | €78,482 | €63,713 | €48,944 | €56,511 | €55,385 | ▼ 2.0% |
| Land and buildings22 | €55,155 | €48,463 | €41,770 | €35,747 | €29,724 | ▼ 16.8% |
| Plant, machinery and equipment23 | €1,454 | €955 | €456 | - | - | - |
| Furniture and vehicles24 | €21,873 | €14,296 | €6,718 | €20,764 | €25,661 | ▲ 23.6% |
| Current assets29/58 | €39,010 | €49,780 | €20,777 | €41,487 | €25,564 | ▼ 38.4% |
| Amounts receivable within one year40/41 | €26,443 | €45,122 | €18,754 | €30,060 | €22,309 | ▼ 25.8% |
| Trade receivables40 | €19,944 | €43,991 | €12,861 | €23,485 | €20,502 | ▼ 12.7% |
| Other amounts receivable41 | €6,499 | €1,131 | €5,893 | €6,574 | €1,808 | ▼ 72.5% |
| Cash at bank and in hand54/58 | €12,567 | €4,657 | €2,023 | €11,427 | €3,255 | ▼ 71.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,493 | €113,493 | €69,721 | €97,998 | €80,949 | ▼ 17.4% |
| Equity10/15 | €36,950 | €47,634 | €53,321 | €48,723 | €45,284 | ▼ 7.1% |
| Contributions10/11 | €18,600 | €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 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €16,490 | €27,174 | €32,861 | €28,263 | €24,824 | ▼ 12.2% |
| Amounts payable17/49 | €80,542 | €65,859 | €16,400 | €49,274 | €35,665 | ▼ 27.6% |
| Amounts payable within one year42/48 | €80,542 | €65,859 | €16,400 | €49,274 | €35,665 | ▼ 27.6% |
| Financial debts43 | €17 | €1,495 | - | €13,518 | €10,108 | ▼ 25.2% |
| Credit institutions430/8 | €17 | €1,495 | - | €13,518 | €10,108 | ▼ 25.2% |
| Trade debts44 | €32,052 | €8,783 | €553 | €15,875 | €7,556 | ▼ 52.4% |
| Suppliers440/4 | €32,052 | €8,783 | €553 | €15,875 | €7,556 | ▼ 52.4% |
| Taxes, remuneration and social security45 | - | - | - | €18,000 | €18,000 | = |
| Remuneration and social security454/9 | - | - | - | €18,000 | €18,000 | = |
| Other amounts payable47/48 | €48,474 | €55,582 | €15,847 | €1,882 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,169 | €10,684 | €5,687 | -€4,598 | -€3,439 | ▲ 25.2% |
| + Depreciation and write-downs630 | €14,769 | €14,769 | €14,769 | €13,095 | €6,126 | ▼ 53.2% |
| Operating cash flow (approximation) | €10,600 | €25,453 | €20,456 | €8,497 | €2,687 | ▼ 68.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€20,661 | -€5,000 | ▲ 75.8% |
| Change in cash | - | -€7,910 | -€2,635 | €9,404 | -€8,172 | ▼ 187% |
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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Of 264 companies in this sector we hold annual accounts for 120. 90 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 04-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet -€4,598
Net result drops to -€4,598, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 457 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
31-12
Financial
Back to profitnet €10,684
Net result €10,684 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €21,852 ▲5,818%
Operating result €22,672, net result €21,852, both a record.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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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Company details
Private limited company (pre-2019) · founded 16-07-1996Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded16-07-1996
Fiscal year end31-12
Activities, NACEBEL 2025
42212Civil engineering
01301Crop and animal production, hunting and related service activities
37000Sewerage
42110Construction of roads and motorways
42211Civil engineering
43211General electrical installation work
43230Insulation installation
43331Floor and wall tiling
47761Retail sale of flowers, plants, seeds and fertilisers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458295801
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Mettet · 1 establishment unit since 1996
Ground area
1.2 ha
Building footprint
1,217 m²
Volume, LiDAR
8,797 m³
2 parcels, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Ermitage,Sart-Eustache 22, 5070 Fosses-la-Ville
since 1996unit no. 2.077.405.052
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92087I0200/00W007 | Wallonia | 9,888 m² | 1 · 1,088 m² | 10.3 m · 3 fl. |
| 92110A0329/00C000 | Wallonia | 2,358 m² | 1 · 129 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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