IMAGING APPLICATIONS
ActiveSummary
IMAGING APPLICATIONS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,695 and a net result of €7,470. Equity is shrinking by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+71
Solvency71▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.42 in 2024; short-term debt: 48.3% and cash: 0.1% of total assets), and 53.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.5%
Return on assets
5.4%
Age of the figures
9 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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
79 d early
2024
15 d early
2023
28 d early
2022
28 d early
2021
25 d early
2020
2 d early
2019
53 d early
← 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 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#7 oldest company in Aalst, Telecoms and IT sector
Equity
€64,695▲ 13.1%
2024 · €57,225
Total assets
€139,137▲ 48.2%
2024 · €93,873
Net result
€7,470
2024 · -€10,887
Working capital
-€66,799▼ 590%
2024 · -€9,679
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-€4,030▲ 65.6%-€7,221▼ 79.2%-€3,033▲ 58.0%-€9,301▼ 207%€7,749
Net result-€3,873▲ 63.2%-€6,707▼ 73.2%-€2,480▲ 63.0%-€10,887▼ 339%€7,470
Equity€77,301▼ 4.8%€70,593▼ 8.7%€68,113▼ 3.5%€57,225▼ 16.0%€64,695▲ 13.1%
Total assets€127,517▲ 2.1%€127,651▲ 0.1%€113,968▼ 10.7%€93,873▼ 17.6%€139,137▲ 48.2%
Debt€50,216▲ 14.7%€57,058▲ 13.6%€45,855▼ 19.6%€36,647▼ 20.1%€74,441▲ 103%
Working capital-€7,039▲ 35.5%-€9,236▼ 31.2%-€3,610▲ 60.9%-€9,679▼ 168%-€66,799▼ 590%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7,749 after a loss of €9,301 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,137
Fixed assets
€138,676 ▲ 59.6%
Current assets
€461 ▼ 93.4%
Equity and liabilities €139,137
Equity
€64,695 ▲ 13.1%
Debt
€74,441 ▲ 103%
Debt's share of the balance-sheet total rises from 39.0% to 53.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19,450▲
2024 · -€74
Cash flow
€19,170▲
2024 · -€1,660
Current ratio
0.01▼
2024 · 0.42
Debt to equity
1.15▲
2024 · 0.64
ROE
11.5%▲
2024 · -19.0%
ROA
5.4%▲
2024 · -11.6%
Interest coverage
26.64▲
2024 · -0.04
Debt ≤ 1 year
€67,260▲
2024 · €16,639
Debt > 1 year
€5,682▼
2024 · €20,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,058 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% | 1.6% |
| 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 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 31,324 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,134 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,658 | €9,526 | €10,299 | €9,227 | €11,700 | ▲ 26.8% |
| Other operating charges640/8 | €2,137 | €2,410 | €3,372 | €2,397 | €2,401 | ▲ 0.2% |
| Gross operating margin9900 | €6,764 | €4,715 | €10,639 | €2,323 | €21,851 | ▲ 841% |
| Operating profit (loss)9901 | -€4,030 | -€7,221 | -€3,033 | -€9,301 | €7,749 | ▲ 183% |
| Financial income75/76B | €587 | €939 | €929 | €135 | €451 | ▲ 233% |
| Recurring financial income75 | €587 | €939 | €929 | €135 | €451 | ▲ 233% |
| Financial charges65/66B | €367 | €426 | €377 | €1,722 | €730 | ▼ 57.6% |
| Recurring financial charges65 | €367 | €426 | €377 | €1,722 | €730 | ▼ 57.6% |
| Profit (loss) for the period before taxes9903 | -€3,811 | -€6,707 | -€2,480 | -€10,887 | €7,470 | ▲ 169% |
| Income taxes67/77 | €62 | €0 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€3,873 | -€6,707 | -€2,480 | -€10,887 | €7,470 | ▲ 169% |
| Profit (loss) for the period to be appropriated9905 | -€3,873 | -€6,707 | -€2,480 | -€10,887 | €7,470 | ▲ 169% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,517 | €127,651 | €113,968 | €93,873 | €139,137 | ▲ 48.2% |
| Fixed assets21/28 | €104,340 | €106,440 | €96,140 | €86,913 | €138,676 | ▲ 59.6% |
| Tangible fixed assets22/27 | €104,340 | €106,440 | €96,140 | €86,913 | €138,676 | ▲ 59.6% |
| Land and buildings22 | €103,530 | €94,510 | €85,634 | €77,829 | €128,806 | ▲ 65.5% |
| Plant, machinery and equipment23 | - | €11,236 | €9,929 | €8,621 | €7,314 | ▼ 15.2% |
| Furniture and vehicles24 | €809 | €694 | €578 | €463 | €2,556 | ▲ 453% |
| Current assets29/58 | €23,177 | €21,211 | €17,827 | €6,960 | €461 | ▼ 93.4% |
| Amounts receivable within one year40/41 | €21,954 | €20,917 | €17,494 | €6,528 | €0 | ▼ 100% |
| Trade receivables40 | €13,350 | €937 | €0 | €3,200 | €0 | ▼ 100% |
| Other amounts receivable41 | €8,604 | €19,980 | €17,494 | €3,328 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €239 | €2 | €0 | €79 | €82 | ▲ 3.4% |
| Deferred charges and accrued income490/1 | €984 | €292 | €333 | €353 | €379 | ▲ 7.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,517 | €127,651 | €113,968 | €93,873 | €139,137 | ▲ 48.2% |
| Equity10/15 | €77,301 | €70,593 | €68,113 | €57,225 | €64,695 | ▲ 13.1% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Capital10 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Issued capital100 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Reserves13 | €1,488 | €1,488 | €1,488 | €1,488 | €1,488 | = |
| Non-distributable reserves130/1 | €1,488 | €1,488 | €1,488 | €1,488 | €1,488 | = |
| Legal reserve130 | €1,488 | €1,488 | €1,488 | €1,488 | €1,488 | = |
| Profit (loss) carried forward14 | -€72,924 | -€79,631 | -€82,112 | -€92,999 | -€85,529 | ▲ 8.0% |
| Amounts payable17/49 | €50,216 | €57,058 | €45,855 | €36,647 | €74,441 | ▲ 103% |
| Amounts payable after more than one year17 | €20,000 | €26,221 | €22,871 | €20,000 | €5,682 | ▼ 71.6% |
| Financial debts170/4 | €20,000 | €26,221 | €22,871 | €20,000 | €5,682 | ▼ 71.6% |
| Amounts payable within one year42/48 | €30,216 | €30,447 | €21,437 | €16,639 | €67,260 | ▲ 304% |
| Current portion of amounts payable after more than one year42 | €1,811 | €3,514 | €3,624 | €3,154 | €3,257 | ▲ 3.3% |
| Trade debts44 | €12,268 | €8,033 | €3,835 | €7,956 | €10,920 | ▲ 37.3% |
| Suppliers440/4 | €12,268 | €8,033 | €3,835 | €7,956 | €10,920 | ▲ 37.3% |
| Taxes, remuneration and social security45 | €113 | €62 | €0 | - | €879 | - |
| Taxes450/3 | €113 | €62 | €0 | - | €879 | - |
| Other amounts payable47/48 | €16,024 | €18,839 | €13,979 | €5,529 | €52,203 | ▲ 844% |
| Accrued charges and deferred income492/3 | - | €390 | €1,546 | €8 | €1,500 | ▲ 18,350% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,873 | -€6,707 | -€2,480 | -€10,887 | €7,470 | ▲ 169% |
| + Depreciation and write-downs630 | €8,658 | €9,526 | €10,299 | €9,227 | €11,700 | ▲ 26.8% |
| Operating cash flow (approximation) | €4,785 | €2,819 | €7,819 | -€1,660 | €19,170 | ▲ 1,255% |
| Investment in fixed assets (approximation) | - | -€11,626 | €0 | €0 | -€63,464 | - |
| Change in cash | - | -€238 | -€1 | €79 | €3 | ▼ 96.6% |
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
13-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7,470
Net result €7,470 after 5 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€10,887
Net result drops to -€10,887, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Aalst · 1 establishment unit since 1995
Ground area
1,255 m²
Building footprint
465 m²
Volume, LiDAR
5,320 m³
2 parcels, Flanders · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sint Jobstraat 183, 9300 Aalst
since 19952.071.532.394
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0158/00C000 | Flanders | 810 m² | 1 · 119 m² | 8.8 m · 2 fl. |
| 41002B0213/00R002 | Flanders | 445 m² | 1 · 346 m² | 19.1 m · 5 fl. |
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.
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INSIS AND T
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Of 3,214 companies in sector 62900 we hold annual accounts for 1,743. 1,373 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-04-1995
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455036896
Registered
27-03-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.