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IMAKSA

Active
Public limited companyfounded 200224 yrs activeGrasmarkt 93, 1000 Brussel, BelgiumKBO/BCE: BE 0476.661.562
Summary

IMAKSA has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €339,908 and a net result of €16,433. Equity is growing by ~2.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability73▼-1
Solvency96▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.3 in 2024; short-term debt: 28.6% and cash: 46.5% of total assets), and 28.6% of the assets are financed with debt.
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Signals

Six 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
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 24 years 0 30 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
71.4%
Return on assets
3.5%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 d early
2024
57 d early
2023
76 d early
2022
168 d early
2021
52 d early
2020
59 d early
2019
49 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 73 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 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

IMAKSA was incorporated on 25 January 2002.1 Total assets fell from EUR 621,944 in 2018 to EUR 475,825 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€16,433▼ 22.4%
2024 · €21,176
Working capital
€85,113▲ 61.1%
2024 · €52,820
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€7,262▲ 1,032%€432▼ 94.1%€57,235▲ 13,159%€28,602▼ 50.0%€27,245▼ 4.7%
Net result€2,882-€7,500€36,273€21,176▼ 41.6%€16,433▼ 22.4%
Equity€273,526▲ 1.1%€266,026▼ 2.7%€302,299▲ 13.6%€323,475▲ 7.0%€339,908▲ 5.1%
Total assets€483,095▼ 3.9%€501,157▲ 3.7%€516,229▲ 3.0%€503,340▼ 2.5%€475,825▼ 5.5%
Debt€209,569▼ 9.7%€235,131▲ 12.2%€213,930▼ 9.0%€179,865▼ 15.9%€135,917▼ 24.4%
Working capital€51,323▼ 32.0%€35,631▼ 30.6%€45,268▲ 27.0%€52,820▲ 16.7%€85,113▲ 61.1%
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: €7,262€7,262Net result 2021: €2,882€2,882Operating result 2022: €432€432Net result 2022: -€7,500-€7,500Operating result 2023: €57,235€57,235Net result 2023: €36,273€36,273Operating result 2024: €28,602€28,602Net result 2024: €21,176€21,176Operating result 2025: €27,245€27,245Net result 2025: €16,433€16,43320212022202320242025€0€20,000€40,000€60,000Operating result 2023: €57,235€57,200Net result 2023: €36,273€36,300Operating result 2024: €28,602€28,600Net result 2024: €21,176€21,200Operating result 2025: €27,245€27,200Net result 2025: €16,433€16,400202320242025
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €475,825
Fixed assets €254,795 ▼ 7.3%
Current assets €221,029 ▼ 3.2%
Equity and liabilities €475,825
Equity €339,908 ▲ 5.1%
Debt €135,917 ▼ 24.4%
Debt's share of the balance-sheet total falls from 35.7% to 28.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€47,418▼
2024 · €48,775
Cash flow
€36,606▼
2024 · €41,349
Current ratio
1.63▲
2024 · 1.30
Debt to equity
0.40▼
2024 · 0.56
ROE
4.8%▼
2024 · 6.5%
ROA
3.5%▼
2024 · 4.2%
Interest coverage
58.38▲
2024 · 6.57
Debt ≤ 1 year
€135,917▼
2024 · €175,551
Income taxes
€10,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 14,684 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 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€503,340€475,825▼
Fixed assets21/28€274,968€254,795▼
Tangible fixed assets22/27€274,968€254,795▼
Land and buildings22€274,968€254,795▼
Current assets29/58€228,371€221,029▼
Cash at bank and in hand54/58€228,371€221,029▼
Equity and liabilities
Total equity and liabilities10/49€503,340€475,825▼
Equity10/15€323,475€339,908▲
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€36,200€52,633▲
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€30,000€46,433▲
Profit (loss) carried forward14€225,275€225,275=
Amounts payable17/49€179,865€135,917▼
Amounts payable within one year42/48€175,551€135,917▼
Current portion of amounts payable after more than one year42€38,110-
Trade debts44€1,622€97▼
Suppliers440/4€1,622€97▼
Other amounts payable47/48€135,820€135,820=
Accrued charges and deferred income492/3€4,313-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20,173€20,173=
Other operating charges640/8€5,892€5,681▼
Gross operating margin9900€54,667€53,099▼
Operating profit (loss)9901€28,602€27,245▼
Financial charges65/66B€7,427€812▼
Recurring financial charges65€7,427€812▼
Profit (loss) for the period before taxes9903€21,176€26,433▲
Income taxes67/77-€10,000
Profit (loss) for the period9904€21,176€16,433▼
Profit (loss) for the period to be appropriated9905€21,176€16,433▼
Appropriation of the result
Profit (loss) to be appropriated9906€225,275€241,708▲
Profit (loss) brought forward from the previous period14P€204,099€225,275▲
Transfer to equity691/2-€16,433
To other reserves6921-€16,433

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,357€22,357€22,357€20,173€20,173=
Other operating charges640/8€4,731€4,490€5,318€5,892€5,681▼ 3.6%
Gross operating margin9900€34,350€27,278€84,910€54,667€53,099▼ 2.9%
Operating profit (loss)9901€7,262€432€57,235€28,602€27,245▼ 4.7%
Financial income75/76B--€0---
Recurring financial income75--€0---
Financial charges65/66B€4,380€7,931€20,962€7,427€812▼ 89.1%
Recurring financial charges65€4,380€7,931€20,962€7,427€812▼ 89.1%
Profit (loss) for the period before taxes9903€2,882-€7,500€36,273€21,176€26,433▲ 24.8%
Income taxes67/77----€10,000-
Profit (loss) for the period9904€2,882-€7,500€36,273€21,176€16,433▼ 22.4%
Profit (loss) for the period to be appropriated9905€2,882-€7,500€36,273€21,176€16,433▼ 22.4%
Line20212022202320242025Change
Assets
Total assets20/58€483,095€501,157€516,229€503,340€475,825▼ 5.5%
Fixed assets21/28€339,855€317,498€295,141€274,968€254,795▼ 7.3%
Tangible fixed assets22/27€339,855€317,498€295,141€274,968€254,795▼ 7.3%
Land and buildings22€335,487€315,314€295,141€274,968€254,795▼ 7.3%
Plant, machinery and equipment23€4,367€2,184----
Current assets29/58€143,240€183,659€221,088€228,371€221,029▼ 3.2%
Amounts receivable within one year40/41€140,000€170,000€210,000---
Other amounts receivable41€140,000€170,000€210,000---
Cash at bank and in hand54/58€3,240€13,659€11,088€228,371€221,029▼ 3.2%
Equity and liabilities
Total equity and liabilities10/49€483,095€501,157€516,229€503,340€475,825▼ 5.5%
Equity10/15€273,526€266,026€302,299€323,475€339,908▲ 5.1%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10€62,000€62,000€62,000€62,000€62,000=
Issued capital100€62,000€62,000€62,000€62,000€62,000=
Reserves13€36,200€36,200€36,200€36,200€52,633▲ 45.4%
Non-distributable reserves130/1€6,200€6,200€6,200€6,200€6,200=
Legal reserve130€6,200€6,200€6,200€6,200€6,200=
Distributable reserves133€30,000€30,000€30,000€30,000€46,433▲ 54.8%
Profit (loss) carried forward14€175,326€167,826€204,099€225,275€225,275=
Amounts payable17/49€209,569€235,131€213,930€179,865€135,917▼ 24.4%
Amounts payable after more than one year17€117,652€87,103€38,110---
Financial debts170/4€117,652€87,103€38,110---
Amounts payable within one year42/48€91,917€148,028€175,819€175,551€135,917▼ 22.6%
Current portion of amounts payable after more than one year42€45,070€31,202€48,993€38,110--
Trade debts44---€1,622€97▼ 94.0%
Suppliers440/4---€1,622€97▼ 94.0%
Other amounts payable47/48€46,846€116,826€126,826€135,820€135,820=
Accrued charges and deferred income492/3---€4,313--
Line20212022202320242025Change
Profit (loss) for the period9904€2,882-€7,500€36,273€21,176€16,433▼ 22.4%
+ Depreciation and write-downs630€22,357€22,357€22,357€20,173€20,173=
Operating cash flow (approximation)€25,239€14,857€58,630€41,349€36,606▼ 11.5%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€10,419-€2,572€217,284-€7,342▼ 103%

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 31-07-2027
2026
09-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
16-05
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €36,273
Net result €36,273 after one loss-making year.
13-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial Back to profitnet €2,882
Net result €2,882 after 3 loss-making years.
02-06
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
27-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
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 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Brussel · 1 establishment unit since 2002
seat establishment The establishment unit on the map
Ground area
200 m²
Building footprint
113 m²
Volume, LiDAR
1,500 m³
Parcel 21004A0938/00F000, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
IMAKSA
Grasmarkt 93, 1000 BrusselReal estate activities
since 20022.098.789.493
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21004A0938/00F000
ProtectedArchitectural ensemble · MonumentGeheel van traditionele huizenSource ↗
Brussels 200 m² 1 · 112 m² 17.8 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. SIMPEX GROUP INTERNATIONAL 100%
  2. IMAKSA

Highest known parent: SIMPEX GROUP INTERNATIONAL. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded25-01-2002
Fiscal year end31-12
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.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

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