IMAR
ActiveSummary
IMAR has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,666 and a net result of -€2,607. Equity is shrinking by ~7.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▲+13
Solvency44▼-2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.02 against 0.0 in 2024; short-term debt: 75.7% and cash: 1.9% of total assets), and 80.7% 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
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
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 2025Solvency, return and age of the figures
Solvency
19.3%
Return on assets
-1.4%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€2,607
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-11-2025, 78 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
78 d early
2024
77 d early
2023
62 d early
2022
40 d early
2021
75 d early
2020
47 d early
2019
63 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 63 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€35,666▼ 6.8%
2024 · €38,272
Total assets
€185,009▲ 0.1%
2024 · €184,842
Net result
-€2,607▲ 69.7%
2024 · -€8,602
Working capital
-€136,571▲ 3.5%
2024 · -€141,527
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€866▼ 19.5%€2,365▲ 173%-€4,946-€4,304▲ 13.0%€2,119
Net result-€1,769▲ 6.8%-€415▲ 76.5%-€8,016▼ 1,831%-€8,602▼ 7.3%-€2,607▲ 69.7%
Equity€55,306▼ 3.1%€54,891▼ 0.8%€46,874▼ 14.6%€38,272▼ 18.4%€35,666▼ 6.8%
Total assets€180,811▼ 2.2%€182,864▲ 1.1%€188,836▲ 3.3%€184,842▼ 2.1%€185,009▲ 0.1%
Debt€125,505▼ 1.8%€127,973▲ 2.0%€141,961▲ 10.9%€146,569▲ 3.2%€149,343▲ 1.9%
Working capital-€118,134▲ 2.6%-€115,454▲ 2.3%-€134,961▼ 16.9%-€141,527▼ 4.9%-€136,571▲ 3.5%
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: €2,119 after a loss of €4,304 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,009
Fixed assets
€181,514 ▼ 1.6%
Current assets
€3,494 ▲ 688%
Equity and liabilities €185,009
Equity
€35,666 ▼ 6.8%
Debt
€149,343 ▲ 1.9%
Debt's share of the balance-sheet total rises from 79.3% to 80.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,003▲
2024 · -€1,420
Cash flow
€277▲
2024 · -€5,718
Current ratio
0.02▲
2024 · 0.00
Debt to equity
4.19▲
2024 · 3.83
ROE
-7.3%▲
2024 · -22.5%
ROA
-1.4%▲
2024 · -4.7%
Interest coverage
1.06▲
2024 · -0.33
Debt ≤ 1 year
€140,065▼
2024 · €141,971
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 2,448 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,660 | €572 | €3,514 | €2,884 | €2,884 | = |
| Other operating charges640/8 | - | €2,123 | €2,034 | €2,225 | €2,308 | ▲ 3.8% |
| Gross operating margin9900 | €5,413 | €5,060 | €601 | €804 | €7,311 | ▲ 809% |
| Operating profit (loss)9901 | €866 | €2,365 | -€4,946 | -€4,304 | €2,119 | ▲ 149% |
| Financial charges65/66B | - | €2,780 | €3,070 | €4,298 | €4,725 | ▲ 9.9% |
| Recurring financial charges65 | €2,635 | €2,780 | €3,070 | €4,298 | €4,725 | ▲ 9.9% |
| Profit (loss) for the period before taxes9903 | -€1,769 | -€415 | -€8,016 | -€8,602 | -€2,607 | ▲ 69.7% |
| Profit (loss) for the period9904 | -€1,769 | -€415 | -€8,016 | -€8,602 | -€2,607 | ▲ 69.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,769 | -€415 | -€8,016 | -€8,602 | -€2,607 | ▲ 69.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €180,811 | €182,864 | €188,836 | €184,842 | €185,009 | ▲ 0.1% |
| Fixed assets21/28 | €179,128 | €178,556 | €187,282 | €184,398 | €181,514 | ▼ 1.6% |
| Tangible fixed assets22/27 | €179,128 | €178,556 | €187,282 | €184,398 | €181,514 | ▼ 1.6% |
| Land and buildings22 | - | €178,556 | €187,282 | €184,398 | €181,514 | ▼ 1.6% |
| Current assets29/58 | €1,683 | €4,308 | €1,553 | €444 | €3,494 | ▲ 688% |
| Cash at bank and in hand54/58 | €1,683 | €2,734 | €1,553 | €444 | €3,494 | ▲ 688% |
| Deferred charges and accrued income490/1 | - | €1,574 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €180,811 | €182,864 | €188,836 | €184,842 | €185,009 | ▲ 0.1% |
| Equity10/15 | €55,306 | €54,891 | €46,874 | €38,272 | €35,666 | ▼ 6.8% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €12,057 | €12,057 | €12,057 | €12,057 | €12,057 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €5,860 | €5,860 | €5,860 | €5,860 | = |
| Profit (loss) carried forward14 | -€18,725 | -€19,140 | -€27,156 | -€35,758 | -€38,365 | ▼ 7.3% |
| Amounts payable17/49 | €125,505 | €127,973 | €141,961 | €146,569 | €149,343 | ▲ 1.9% |
| Amounts payable within one year42/48 | €119,817 | €119,763 | €136,515 | €141,971 | €140,065 | ▼ 1.3% |
| Trade debts44 | - | €1,574 | - | €421 | €0 | ▼ 100% |
| Suppliers440/4 | - | €1,574 | - | €421 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €118,188 | €136,515 | €141,550 | €140,065 | ▼ 1.0% |
| Accrued charges and deferred income492/3 | - | €8,211 | €5,446 | €4,599 | €9,278 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,769 | -€415 | -€8,016 | -€8,602 | -€2,607 | ▲ 69.7% |
| + Depreciation and write-downs630 | €1,660 | €572 | €3,514 | €2,884 | €2,884 | = |
| Operating cash flow (approximation) | -€109 | €157 | -€4,503 | -€5,718 | €277 | ▲ 105% |
| Investment in fixed assets (approximation) | - | €0 | -€12,240 | €0 | €0 | - |
| Change in cash | - | €1,051 | -€1,181 | -€1,110 | €3,051 | ▲ 375% |
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
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
15-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€8,602
Net result drops to -€8,602, the lowest in the series; recovery starts the following year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
21-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
02-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Knokke-Heist · 1 establishment unit since 1995
Ground area
717 m²
Building footprint
341 m²
Volume, LiDAR
9,021 m³
Parcel 31332E0955/00_000, Flanders · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
IMAR
since 19952.309.138.052
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0955/00_000 | Flanders | 717 m² | 1 · 341 m² | 29.5 m · 9 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.
Identification & contact
Identification
Legal formPublic limited company
Founded07-12-1995
Fiscal year end30-06
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456769040
Also
9925:BE0456769040
Registered
19-11-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.