Imar
ActiveSummary
Imar has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €584,604 and a net result of €33,189. Equity is growing by ~4.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-11
Solvency78▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.98 in 2024; short-term debt: 44.7% and cash: 18.7% of total assets), and 46.9% of the assets are financed with debt.
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Signals
Four 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
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
53.1%
Return on assets
3%
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 27-08-2026, 27 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
27 d late
2024
28 d late
2023
26 d late
2022
28 d late
2021
31 d late
2020
27 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 37 days after 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€584,604▲ 6.0%
2024 · €551,416
Total assets
€1.1m▲ 2.0%
2024 · €1.1m
Net result
€33,189▼ 15.5%
2024 · €39,257
Working capital
€501,503▲ 5.4%
2024 · €476,007
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€60,220▲ 270%€14,945▼ 75.2%€74,948▲ 402%€66,574▼ 11.2%€53,817▼ 19.2%
Net result€33,014▲ 686%-€1,052€46,490€39,257▼ 15.6%€33,189▼ 15.5%
Equity€466,721▲ 7.6%€465,669▼ 0.2%€512,158▲ 10.0%€551,416▲ 7.7%€584,604▲ 6.0%
Total assets€833,352▲ 7.4%€851,259▲ 2.1%€905,273▲ 6.3%€1.1m▲ 19.2%€1.1m▲ 2.0%
Debt€354,634▲ 8.0%€347,920▼ 1.9%€357,270▲ 2.7%€499,554▲ 39.8%€492,130▼ 1.5%
Working capital€158,366▲ 126%€376,220▲ 138%€424,651▲ 12.9%€476,007▲ 12.1%€501,503▲ 5.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€106,795 ▼ 7.6%
Current assets
€993,632 ▲ 3.2%
Equity and liabilities €1.1m
Equity
€584,604 ▲ 6.0%
Provisions
€23,694 ▼ 15.1%
Debt
€492,130 ▼ 1.5%
Debt's share of the balance-sheet total falls from 46.3% to 44.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,561▼
2024 · €86,615
Cash flow
€52,933▼
2024 · €59,299
Current ratio
2.02▲
2024 · 1.98
Debt to equity
0.84▼
2024 · 0.91
ROE
5.7%▼
2024 · 7.1%
ROA
3.0%▼
2024 · 3.6%
Interest coverage
1.99▼
2024 · 3.15
Debt ≤ 1 year
€492,130▲
2024 · €487,276
Income taxes
€18,615▼
2024 · €21,020
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 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 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 497,662 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 14,733 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 | - | €125 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,274 | €31,134 | €20,041 | €20,041 | €19,744 | ▼ 1.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €27,500 | - | -€6,117 | -€2,383 | ▲ 61.0% |
| Other operating charges640/8 | €33,086 | €28,693 | €25,594 | €39,570 | €39,931 | ▲ 0.9% |
| Gross operating margin9900 | €135,581 | €102,272 | €120,583 | €120,068 | €111,109 | ▼ 7.5% |
| Operating profit (loss)9901 | €60,220 | €14,945 | €74,948 | €66,574 | €53,817 | ▼ 19.2% |
| Financial income75/76B | €2,527 | €168 | €9,224 | €19,360 | €33,095 | ▲ 70.9% |
| Recurring financial income75 | €95 | €168 | €1,700 | €19,360 | €33,095 | ▲ 70.9% |
| Non-recurring financial income76B | €2,432 | - | €7,524 | - | - | - |
| Financial charges65/66B | €12,600 | €12,607 | €17,743 | €27,483 | €36,934 | ▲ 34.4% |
| Recurring financial charges65 | €12,600 | €12,607 | €17,743 | €27,483 | €36,934 | ▲ 34.4% |
| Profit (loss) for the period before taxes9903 | €50,147 | €2,505 | €66,429 | €58,452 | €49,978 | ▼ 14.5% |
| Transfer from deferred taxes780 | €1,826 | €1,826 | €1,826 | €1,826 | €1,826 | = |
| Income taxes67/77 | €18,958 | €5,383 | €21,765 | €21,020 | €18,615 | ▼ 11.4% |
| Profit (loss) for the period9904 | €33,014 | -€1,052 | €46,490 | €39,257 | €33,189 | ▼ 15.5% |
| Transfer from tax-exempt reserves789 | €5,477 | €5,477 | €5,477 | €5,477 | €5,477 | = |
| Profit (loss) for the period to be appropriated9905 | €38,491 | €4,425 | €51,966 | €44,734 | €38,665 | ▼ 13.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €833,352 | €851,259 | €905,273 | €1.1m | €1.1m | ▲ 2.0% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €348,903 | €155,672 | €135,630 | €115,589 | €106,795 | ▼ 7.6% |
| Tangible fixed assets22/27 | €348,903 | €155,672 | €135,630 | €115,589 | €106,795 | ▼ 7.6% |
| Land and buildings22 | €348,443 | €155,357 | €135,461 | €115,565 | €96,484 | ▼ 16.5% |
| Plant, machinery and equipment23 | - | - | - | - | €10,312 | - |
| Furniture and vehicles24 | €460 | €315 | €169 | €24 | €0 | ▼ 100% |
| Current assets29/58 | €484,449 | €695,588 | €769,643 | €963,283 | €993,632 | ▲ 3.2% |
| Amounts receivable within one year40/41 | €23,365 | €35,868 | €23,685 | €17,556 | €17,431 | ▼ 0.7% |
| Trade receivables40 | €3,300 | €3,735 | €2,140 | €17,070 | €8,556 | ▼ 49.9% |
| Other amounts receivable41 | €20,065 | €32,132 | €21,545 | €485 | €8,875 | ▲ 1,729% |
| Current investments50/53 | - | - | €534,356 | €809,447 | €770,808 | ▼ 4.8% |
| Cash at bank and in hand54/58 | €461,084 | €659,720 | €211,602 | €136,281 | €205,394 | ▲ 50.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €833,352 | €851,259 | €905,273 | €1.1m | €1.1m | ▲ 2.0% |
| Equity10/15 | €466,721 | €465,669 | €512,158 | €551,416 | €584,604 | ▲ 6.0% |
| Contributions10/11 | €272,600 | €272,600 | €272,600 | €272,600 | €272,600 | = |
| Reserves13 | €193,734 | €193,069 | €239,558 | €278,816 | €312,004 | ▲ 11.9% |
| Non-distributable reserves130/1 | €27,260 | €27,260 | €27,260 | €27,260 | €27,260 | = |
| Reserves not available under the articles1311 | €27,260 | €27,260 | €27,260 | €27,260 | €27,260 | = |
| Tax-exempt reserves132 | €35,989 | €30,512 | €25,035 | €19,559 | €14,082 | ▼ 28.0% |
| Distributable reserves133 | €130,485 | €135,297 | €187,263 | €231,997 | €270,663 | ▲ 16.7% |
| Profit (loss) carried forward14 | €387 | - | - | - | - | - |
| Provisions and deferred taxes16 | €11,996 | €37,671 | €35,845 | €27,902 | €23,694 | ▼ 15.1% |
| Provisions for liabilities and charges160/5 | - | €27,500 | €27,500 | €21,383 | €19,000 | ▼ 11.1% |
| Major repairs and maintenance162 | - | €27,500 | €27,500 | €21,383 | €19,000 | ▼ 11.1% |
| Deferred taxes168 | €11,996 | €10,171 | €8,345 | €6,519 | €4,694 | ▼ 28.0% |
| Amounts payable17/49 | €354,634 | €347,920 | €357,270 | €499,554 | €492,130 | ▼ 1.5% |
| Amounts payable within one year42/48 | €326,083 | €319,368 | €344,992 | €487,276 | €492,130 | ▲ 1.0% |
| Financial debts43 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Other loans439 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Trade debts44 | €3,781 | - | €6,380 | - | €2,669 | - |
| Suppliers440/4 | €3,781 | - | €6,380 | - | €2,669 | - |
| Advances received on contracts in progress46 | - | €2,486 | - | - | - | - |
| Taxes, remuneration and social security45 | €14,531 | €9,750 | €19,226 | €11,082 | €9,706 | ▼ 12.4% |
| Taxes450/3 | €14,531 | €9,750 | €19,226 | €11,082 | €9,706 | ▼ 12.4% |
| Other amounts payable47/48 | €132,771 | €132,132 | €144,386 | €301,194 | €304,755 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €28,551 | €28,552 | €12,278 | €12,278 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,014 | -€1,052 | €46,490 | €39,257 | €33,189 | ▼ 15.5% |
| + Depreciation and write-downs630 | €42,274 | €31,134 | €20,041 | €20,041 | €19,744 | ▼ 1.5% |
| Operating cash flow (approximation) | €75,289 | €30,082 | €66,531 | €59,299 | €52,933 | ▼ 10.7% |
| Investment in fixed assets (approximation) | - | €162,097 | €0 | €0 | -€10,951 | - |
| Change in cash | - | €198,636 | -€448,119 | -€75,321 | €69,113 | ▲ 192% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €46,490
Net result €46,490 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €512,158 ▲10%
Equity rises from €465,669 to €512,158.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet -€1,052
Net result drops to -€1,052, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 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, Oudenburg · 1 establishment unit since 1983
Ground area
3,318 m²
Building footprint
394 m²
Volume, LiDAR
2,816 m³
Parcel 35014B0632/00N000, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IMAR
since 19832.023.108.511
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35014B0632/00N000 | Flanders | 3,318 m² | 1 · 394 m² | 12.5 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500K29TFHFN9PL194
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded15-09-1983
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.