IMAION
ActiveSummary
The computed 12-month bankruptcy probability of IMAION is 4.2% (elevated). The 2024 annual accounts show equity of €33,869 and a net result of €6,937. Equity is growing by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 9975 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability58▼-7
Solvency51▼-2
Growth68▼-10
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 1.31 in 2023; short-term debt: 74.2% and cash: 4.2% of total assets), and 74.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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 2024Solvency, return and age of the figures
Solvency
25.8%
Return on assets
5.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-08-2025, 9 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
9 d late
2023
173 d late
2022
124 d late
2021
180 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 122 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€797,667▲ 225%
2021 · €245,596
EBIT margin
0.9%▼ 4.6pp
2021 · 5.5%
Net result
€6,937▼ 41.0%
2023 · €11,765
Working capital
€30,520▲ 41.0%
2023 · €21,652
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Turnover€245,596-€797,667
Operating result€13,535-€19,986▲ 47.7%€19,401▼ 2.9%€7,175▼ 63.0%
Net result€10,799within the sector's middle half-€20,369within the sector's middle half▲ 88.6%€11,765within the sector's middle half▼ 42.2%€6,937within the sector's middle half▼ 41.0%
EBIT margin5.5%-0.9%
Equity€10,799below the sector's middle half-€15,167below the sector's middle half▲ 40.5%€26,932within the sector's middle half▲ 77.6%€33,869within the sector's middle half▲ 25.8%
Total assets€64,782within the sector's middle half-€102,844below the sector's middle half▲ 58.8%€97,444within the sector's middle half▼ 5.3%€131,175within the sector's middle half▲ 34.6%
Debt€53,983-€87,677▲ 62.4%€70,511▼ 19.6%€97,306▲ 38.0%
Working capital€37,862within the sector's middle half-€15,167within the sector's middle half▼ 59.9%€21,652within the sector's middle half▲ 42.8%€30,520within the sector's middle half▲ 41.0%
Solvency16.7%within the sector's middle half-14.7%below the sector's middle half▼ 1.9pp27.6%within the sector's middle half▲ 12.9pp25.8%within the sector's middle half▼ 1.8pp
Current ratio2.41within the sector's middle half-1.17within the sector's middle half▼ 1.231.31within the sector's middle half▲ 0.131.31within the sector's middle half▲ 0.01
Return on assets (ROA)16.7%within the sector's middle half-19.8%above the sector's middle half▲ 3.1pp12.1%within the sector's middle half▼ 7.7pp5.3%within the sector's middle half▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 63% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131,175
Fixed assets
€3,349 ▼ 36.6%
Current assets
€127,826 ▲ 38.7%
Equity and liabilities €131,175
Equity
€33,869 ▲ 25.8%
Debt
€97,306 ▲ 38.0%
Debt's share of the balance-sheet total rises from 72.4% to 74.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,106▼
2023 · €20,735
Cash flow
€8,867▼
2023 · €13,099
Quick ratio
1.09▼
2023 · 1.09
Debt to equity
2.87▲
2023 · 2.62
ROE
20.5%▼
2023 · 43.7%
Interest coverage
49.43▲
2023 · 3.72
Debt ≤ 1 year
€97,306▲
2023 · €70,511
Income taxes
€2,618▼
2023 · €4,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
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: 4.2% 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 6,706 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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €245,596 | - | - | €797,667 | - |
| Goods, raw materials, services and sundry goods60/61 | €231,913 | - | - | €786,042 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,334 | €1,931 | ▲ 44.8% |
| Other operating charges640/8 | €148 | €8,612 | €2,454 | €2,518 | ▲ 2.6% |
| Gross operating margin9900 | €13,683 | €28,598 | €23,188 | €11,625 | ▼ 49.9% |
| Operating profit (loss)9901 | €13,535 | €19,986 | €19,401 | €7,175 | ▼ 63.0% |
| Financial income75/76B | - | €4,301 | €2,427 | €2,563 | ▲ 5.6% |
| Recurring financial income75 | - | €4,301 | €2,427 | €2,563 | ▲ 5.6% |
| Financial charges65/66B | - | €8 | €5,574 | €184 | ▼ 96.7% |
| Recurring financial charges65 | - | €8 | €5,574 | €184 | ▼ 96.7% |
| Profit (loss) for the period before taxes9903 | €13,535 | €24,279 | €16,254 | €9,554 | ▼ 41.2% |
| Income taxes67/77 | €2,737 | €3,910 | €4,489 | €2,618 | ▼ 41.7% |
| Profit (loss) for the period9904 | €10,799 | €20,369 | €11,765 | €6,937 | ▼ 41.0% |
| Profit (loss) for the period to be appropriated9905 | €10,799 | €20,369 | €11,765 | €6,937 | ▼ 41.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64,782 | €102,844 | €97,444 | €131,175 | ▲ 34.6% |
| Fixed assets21/28 | - | - | €5,280 | €3,349 | ▼ 36.6% |
| Tangible fixed assets22/27 | - | - | €5,280 | €3,349 | ▼ 36.6% |
| Furniture and vehicles24 | - | - | €5,280 | €3,349 | ▼ 36.6% |
| Current assets29/58 | €64,782 | €102,844 | €92,164 | €127,826 | ▲ 38.7% |
| Stocks and contracts in progress3 | - | - | €15,260 | €22,100 | ▲ 44.8% |
| Stocks30/36 | - | - | €15,260 | €22,100 | ▲ 44.8% |
| Amounts receivable within one year40/41 | €30,099 | €94,838 | €56,529 | €100,206 | ▲ 77.3% |
| Trade receivables40 | €21,333 | €21,903 | €9,285 | €42,141 | ▲ 354% |
| Other amounts receivable41 | €8,766 | €72,935 | €47,244 | €58,065 | ▲ 22.9% |
| Cash at bank and in hand54/58 | €34,683 | €8,006 | €20,374 | €5,520 | ▼ 72.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64,782 | €102,844 | €97,444 | €131,175 | ▲ 34.6% |
| Equity10/15 | €10,799 | €15,167 | €26,932 | €33,869 | ▲ 25.8% |
| Reserves13 | €10,799 | €15,167 | €26,932 | €33,869 | ▲ 25.8% |
| Distributable reserves133 | €10,799 | €15,167 | €26,932 | €33,869 | ▲ 25.8% |
| Amounts payable17/49 | €53,983 | €87,677 | €70,511 | €97,306 | ▲ 38.0% |
| Amounts payable after more than one year17 | €27,063 | - | - | - | - |
| Financial debts170/4 | €27,063 | - | - | - | - |
| Amounts payable within one year42/48 | €26,920 | €87,677 | €70,511 | €97,306 | ▲ 38.0% |
| Trade debts44 | €24,184 | €9,006 | €49,862 | €88,354 | ▲ 77.2% |
| Suppliers440/4 | €24,184 | €9,006 | €49,862 | €88,354 | ▲ 77.2% |
| Advances received on contracts in progress46 | - | €55,900 | - | - | - |
| Taxes, remuneration and social security45 | €2,737 | €6,770 | €20,649 | €8,952 | ▼ 56.6% |
| Taxes450/3 | €2,737 | €6,770 | €20,649 | €8,952 | ▼ 56.6% |
| Other amounts payable47/48 | - | €16,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,799 | €20,369 | €11,765 | €6,937 | ▼ 41.0% |
| + Depreciation and write-downs630 | - | - | €1,334 | €1,931 | ▲ 44.8% |
| Operating cash flow (approximation) | €10,799 | €20,369 | €13,099 | €8,867 | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | - | - | €0 | - |
| Change in cash | - | -€26,677 | €12,368 | -€14,854 | ▼ 220% |
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
2025
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
20-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 173 days late
2024
31-12
Financial
Weakest financial yearnet €6,937 ▼41%
Net result drops to €6,937, the lowest in the series.
2023
02-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 124 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 180 days late
2022
31-12
Financial
Highest result since 2021net €20,369 ▲88.6%
Operating result €19,986, net result €20,369, both a record.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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-Jans-Molenbeek
Ground area
8,522 m²
Building footprint
274 m²
Volume, LiDAR
22,316 m³
Parcel 21524C0141/00X002, Brussels · tallest building 87.4 m, ±28 floors. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0141/00X002 | Brussels | 8,521 m² | 1 · 274 m² | 87.4 m · 28 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.
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,619 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0764376628
Also
9925:BE0764376628
Registered
09-01-2026
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.