IMAP-ENGINEERING
ActiveSummary
IMAP-ENGINEERING has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €308,421 and a net result of €94,188. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability95▼-5
Solvency93▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.98 against 3.07 in 2024; short-term debt: 32.3% and cash: 72.3% of total assets), and 32.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
67.7%
Return on assets
20.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
31 d late
2023
20 d early
2022
10 d late
2021
22 d late
2020
19 d early
2019
7 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 7 days after the deadline; the sector median for financial year 2024 is 8 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€308,421▲ 30.6%
2024 · €236,233
Total assets
€455,304▲ 29.9%
2024 · €350,485
Net result
€94,188▼ 3.7%
2024 · €97,832
Working capital
€291,514▲ 32.0%
2024 · €220,846
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€27,422▲ 43.1%€47,270▲ 72.4%€64,001▲ 35.4%€148,887▲ 133%€144,292▼ 3.1%
Net result€7,192▼ 1.1%€27,204▲ 278%€39,613▲ 45.6%€97,832▲ 147%€94,188▼ 3.7%
Equity€116,084▲ 6.6%€121,288▲ 4.5%€138,401▲ 14.1%€236,233▲ 70.7%€308,421▲ 30.6%
Total assets€350,574▲ 19.2%€282,647▼ 19.4%€337,626▲ 19.5%€350,485▲ 3.8%€455,304▲ 29.9%
Debt€234,491▲ 26.5%€161,359▼ 31.2%€199,225▲ 23.5%€114,251▼ 42.7%€146,883▲ 28.6%
Working capital€111,518▲ 7.3%€117,477▲ 5.3%€134,392▲ 14.4%€220,846▲ 64.3%€291,514▲ 32.0%
Staff (FTE)2.2▼ 4.3%1.9▼ 13.6%1.5▼ 21.1%1.5=1.5=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €455,304
Fixed assets
€16,908 ▼ 26.2%
Current assets
€438,397 ▲ 33.8%
Equity and liabilities €455,304
Equity
€308,421 ▲ 30.6%
Debt
€146,883 ▲ 28.6%
Debt's share of the balance-sheet total falls from 32.6% to 32.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€150,292▼
2024 · €152,560
Cash flow
€100,188▼
2024 · €101,506
Current ratio
2.98▼
2024 · 3.07
Debt to equity
0.48▼
2024 · 0.48
ROE
30.5%▼
2024 · 41.4%
ROA
20.7%▼
2024 · 27.9%
Interest coverage
17.75▲
2024 · 14.82
Debt ≤ 1 year
€146,883▲
2024 · €106,731
Income taxes
€42,005▲
2024 · €40,757
Staff costs
€133,289▼
2024 · €134,102
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €134,576 | €127,299 | €133,587 | €134,102 | €133,289 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,557 | €2,279 | €2,370 | €3,673 | €6,000 | ▲ 63.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €400 | - | -€400 | - | - | - |
| Other operating charges640/8 | - | €150 | €400 | - | - | - |
| Non-recurring operating charges66A | - | - | €226 | - | - | - |
| Gross operating margin9900 | €164,956 | €176,998 | €200,183 | €286,662 | €283,581 | ▼ 1.1% |
| Operating profit (loss)9901 | €27,422 | €47,270 | €64,001 | €148,887 | €144,292 | ▼ 3.1% |
| Financial income75/76B | - | €1 | - | - | €368 | - |
| Recurring financial income75 | - | €1 | - | - | €368 | - |
| Financial charges65/66B | €8,638 | €6,271 | €6,960 | €10,297 | €8,467 | ▼ 17.8% |
| Recurring financial charges65 | €8,638 | €6,271 | €6,960 | €10,297 | €8,467 | ▼ 17.8% |
| Profit (loss) for the period before taxes9903 | €18,784 | €40,999 | €57,041 | €138,589 | €136,193 | ▼ 1.7% |
| Income taxes67/77 | €11,592 | €13,795 | €17,428 | €40,757 | €42,005 | ▲ 3.1% |
| Profit (loss) for the period9904 | €7,192 | €27,204 | €39,613 | €97,832 | €94,188 | ▼ 3.7% |
| Transfer from tax-exempt reserves789 | €17,832 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €25,024 | €27,204 | €39,613 | €97,832 | €94,188 | ▼ 3.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €350,574 | €282,647 | €337,626 | €350,485 | €455,304 | ▲ 29.9% |
| Fixed assets21/28 | €5,395 | €3,811 | €4,009 | €22,907 | €16,908 | ▼ 26.2% |
| Intangible fixed assets21 | €1,864 | €932 | €700 | €15,685 | €12,411 | ▼ 20.9% |
| Tangible fixed assets22/27 | €3,481 | €2,829 | €3,259 | €7,172 | €4,447 | ▼ 38.0% |
| Furniture and vehicles24 | €3,481 | €2,829 | €2,469 | €5,469 | €3,139 | ▼ 42.6% |
| Other tangible fixed assets26 | - | - | - | €1,703 | €1,308 | ▼ 23.2% |
| Assets under construction and advance payments27 | - | - | €790 | - | - | - |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €345,180 | €278,836 | €333,617 | €327,577 | €438,397 | ▲ 33.8% |
| Amounts receivable within one year40/41 | €317,441 | €184,568 | €205,664 | €124,102 | €105,152 | ▼ 15.3% |
| Trade receivables40 | €317,441 | €175,561 | €205,664 | €124,102 | €105,152 | ▼ 15.3% |
| Other amounts receivable41 | - | €9,006 | - | - | - | - |
| Cash at bank and in hand54/58 | €23,002 | €90,898 | €121,598 | €198,997 | €329,081 | ▲ 65.4% |
| Deferred charges and accrued income490/1 | €4,737 | €3,370 | €6,355 | €4,478 | €4,163 | ▼ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €350,574 | €282,647 | €337,626 | €350,485 | €455,304 | ▲ 29.9% |
| Equity10/15 | €116,084 | €121,288 | €138,401 | €236,233 | €308,421 | ▲ 30.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €92,860 | €97,860 | €114,360 | €211,860 | €283,860 | ▲ 34.0% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | €91,000 | €97,860 | €114,360 | €211,860 | €283,860 | ▲ 34.0% |
| Profit (loss) carried forward14 | €17,024 | €17,228 | €17,841 | €18,173 | €18,361 | ▲ 1.0% |
| Amounts payable17/49 | €234,491 | €161,359 | €199,225 | €114,251 | €146,883 | ▲ 28.6% |
| Amounts payable after more than one year17 | - | - | - | €7,520 | - | - |
| Financial debts170/4 | - | - | - | €7,520 | - | - |
| Amounts payable within one year42/48 | €233,662 | €161,359 | €199,225 | €106,731 | €146,883 | ▲ 37.6% |
| Current portion of amounts payable after more than one year42 | €38,606 | €16,000 | €40,000 | €10,928 | €7,520 | ▼ 31.2% |
| Trade debts44 | €110,735 | €62,810 | €63,448 | €35,127 | €33,591 | ▼ 4.4% |
| Suppliers440/4 | €110,735 | €62,810 | €63,448 | €35,127 | €33,591 | ▼ 4.4% |
| Taxes, remuneration and social security45 | €79,401 | €60,549 | €64,878 | €52,030 | €78,890 | ▲ 51.6% |
| Taxes450/3 | €57,249 | €45,856 | €45,016 | €31,903 | €60,514 | ▲ 89.7% |
| Remuneration and social security454/9 | €22,152 | €14,693 | €19,862 | €20,127 | €18,376 | ▼ 8.7% |
| Other amounts payable47/48 | €4,920 | €22,000 | €30,899 | €8,646 | €26,881 | ▲ 211% |
| Accrued charges and deferred income492/3 | €829 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,192 | €27,204 | €39,613 | €97,832 | €94,188 | ▼ 3.7% |
| + Depreciation and write-downs630 | €2,557 | €2,279 | €2,370 | €3,673 | €6,000 | ▲ 63.3% |
| Operating cash flow (approximation) | €9,750 | €29,483 | €41,983 | €101,506 | €100,188 | ▼ 1.3% |
| Investment in fixed assets (approximation) | - | -€695 | -€2,568 | -€22,571 | €0 | ▲ 100% |
| Change in cash | - | €67,896 | €30,700 | €77,400 | €130,084 | ▲ 68.1% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €97,832 ▲147%
Operating result €148,887, net result €97,832, both a record.
31-12
Financial
Equity above €200,000Eq €236,233 ▲70.7%
7 profitable years in a row build equity to €236,233.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €7,192 ▼1.1%
Net result drops to €7,192, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 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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Directors · office · real estate
Directors
2 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, Marche-en-Famenne · 1 establishment unit since 2005
Ground area
1,362 m²
Building footprint
196 m²
Parcel 83034A0853/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Imap-Engineering
since 20052.148.015.213
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 83034A0853/00D000 | Wallonia | 1,362 m² | 1 · 196 m² | - |
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.
Similar companies · same sector, comparable size
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LAT OMGEVINGSADVIES
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PROHEAD ENGINEERING
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,864 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
Founded11-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Phone
0473/792646Marche-en-Famenne
Scores and ratios are computed by Checked and are not a credit decision.