IMAS
ActiveSummary
IMAS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388k and a net result of €18k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 69% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability46▼-8
Solvency99▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 4.69 in 2024; short-term debt: 23.1% and cash: 6.7% of total assets), and 26.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
73.9%
Return on assets
3.4%
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 31-08-2026, 31 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
31 d late
2024
21 d late
2022
232 d late
2021
30 d late
2020
31 d late
2019
87 d late
2018
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€388k▲ 4.8%
2024 · €370k
2018: €319klowest value
2019: €377k▲ +18.2% vs 2018
2020: €377k● 0.0% vs 2019
2021: €387k▲ +2.7% vs 2020
2022: €395k▲ +1.9% vs 2021highest value
2024: €370k
2025: €388k▲ +4.8% vs 2024
2018 → 2025
Total assets
€525k▲ 28.5%
2024 · €409k
2018: €334klowest value
2019: €408k▲ +22.5% vs 2018
2020: €408k● 0.0% vs 2019
2021: €417k▲ +2.1% vs 2020
2022: €430k▲ +3.1% vs 2021
2024: €409k
2025: €525k▲ +28.5% vs 2024highest value
2018 → 2025
Net result
€18k▼ 34.8%
2024 · €27k
2019: €37khighest value
2021: €9k
2022: €7k▼ -17.3% vs 2021lowest value
2024: €27k
2025: €18k▼ -34.8% vs 2024
2019 → 2025
Working capital
€176k▲ 23.5%
2024 · €142k
2018: €143k
2019: €154k▲ +7.1% vs 2018
2020: €154k● 0.0% vs 2019
2021: €169k▲ +10.1% vs 2020
2022: €167k▼ -1.4% vs 2021
2024: €142klowest value
2025: €176k▲ +23.5% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€377k-€387k▲ 2.7%€395k▲ 1.9%€370k▼ 6.2%€388k▲ 4.8%
2020: €377k
2021: €387k▲ +2.7% vs 2020
2022: €395k▲ +1.9% vs 2021highest value
2024: €370klowest value
2025: €388k▲ +4.8% vs 2024
Operating result€10k€13k▲ 33.4%€31k▲ 139%€18k▼ 43.6%
2021: €10klowest value
2022: €13k▲ +33.4% vs 2021
2024: €31khighest value
2025: €18k▼ -43.6% vs 2024
Net result€9k€7k▼ 17.3%€27k▲ 262%€18k▼ 34.8%
2021: €9k
2022: €7k▼ -17.3% vs 2021lowest value
2024: €27khighest value
2025: €18k▼ -34.8% vs 2024
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 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €525k
Fixed assets
€228k =
Current assets
€297k ▲ 64.3%
Equity and liabilities €525k
Equity
€388k ▲ 4.8%
Debt
€137k ▲ 256%
Debt's share of the balance-sheet total rises from 9.4% to 26.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
2.45▼
2024 · 4.69
Debt to equity
0.35▲
2024 · 0.10
ROE
4.5%▼
2024 · 7.3%
ROA
3.4%▼
2024 · 6.6%
Debt ≤ 1 year
€122k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€409k€525k▲
Fixed assets21/28€228k€228k=
Financial fixed assets28€228k€228k=
Current assets29/58€181k€297k▲
Amounts receivable within one year40/41€100k€217k▲
Trade receivables40€67k€190k▲
Other amounts receivable41€33k€27k▼
Cash at bank and in hand54/58€35k€35k=
Deferred charges and accrued income490/1€45k€45k=
Equity and liabilities
Total equity and liabilities10/49€409k€525k▲
Equity10/15€370k€388k▲
Contributions10/11€68k€68k=
Reserves13€117k€117k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Distributable reserves133€109k€109k=
Profit (loss) carried forward14€185k€203k▲
Amounts payable17/49€39k€137k▲
Amounts payable within one year42/48€39k€122k▲
Trade debts44€16k€50k▲
Suppliers440/4€16k€50k▲
Taxes, remuneration and social security45€23k€27k▲
Taxes450/3€23k€27k▲
Other amounts payable47/48-€45k
Accrued charges and deferred income492/3-€16k
Income statement
Code20242025
Non-recurring operating income76A€2k-
Other operating charges640/8€2k€167▼
Gross operating margin9900€33k€18k▼
Operating profit (loss)9901€31k€18k▼
Financial income75/76B€7k-
Recurring financial income75€7k-
Financial charges65/66B€671-
Recurring financial charges65€671-
Profit (loss) for the period before taxes9903€37k€18k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€27k€18k▼
Profit (loss) for the period to be appropriated9905€27k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€210k€203k▼
Profit (loss) brought forward from the previous period14P€183k€185k▲
Transfer to equity691/2€25k-
To other reserves6921€25k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Other operating charges640/8 | - | €292 | €296 | €2k | €167 | ▼ 90.8% |
| Gross operating margin9900 | - | €10k | €13k | €33k | €18k | ▼ 46.2% |
| Operating profit (loss)9901 | - | €10k | €13k | €31k | €18k | ▼ 43.6% |
| Financial income75/76B | - | €9k | €6k | €7k | - | - |
| Recurring financial income75 | - | €9k | €6k | €7k | - | - |
| Financial charges65/66B | - | €304 | €323 | €671 | - | - |
| Recurring financial charges65 | - | €304 | €323 | €671 | - | - |
| Profit (loss) for the period before taxes9903 | - | €19k | €19k | €37k | €18k | ▼ 52.5% |
| Income taxes67/77 | - | €10k | €12k | €10k | - | - |
| Profit (loss) for the period9904 | - | €9k | €7k | €27k | €18k | ▼ 34.8% |
| Profit (loss) for the period to be appropriated9905 | - | €9k | €7k | €27k | €18k | ▼ 34.8% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408k | €417k | €430k | €409k | €525k | ▲ 28.5% |
| Fixed assets21/28 | €224k | €228k | €228k | €228k | €228k | = |
| Financial fixed assets28 | €224k | €228k | €228k | €228k | €228k | = |
| Current assets29/58 | €185k | €189k | €202k | €181k | €297k | ▲ 64.3% |
| Amounts receivable within one year40/41 | €31k | €114k | €114k | €100k | €217k | ▲ 116% |
| Trade receivables40 | - | €54k | €48k | €67k | €190k | ▲ 184% |
| Other amounts receivable41 | - | €60k | €66k | €33k | €27k | ▼ 20.2% |
| Cash at bank and in hand54/58 | €96k | €9k | €14k | €35k | €35k | = |
| Deferred charges and accrued income490/1 | - | €66k | €74k | €45k | €45k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408k | €417k | €430k | €409k | €525k | ▲ 28.5% |
| Equity10/15 | €377k | €387k | €395k | €370k | €388k | ▲ 4.8% |
| Contributions10/11 | €68k | €68k | €68k | €68k | €68k | = |
| Reserves13 | €163k | €163k | €163k | €117k | €117k | = |
| Non-distributable reserves130/1 | - | €8k | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | - | €8k | €8k | €8k | €8k | = |
| Distributable reserves133 | - | €155k | €155k | €109k | €109k | = |
| Profit (loss) carried forward14 | €146k | €156k | €164k | €185k | €203k | ▲ 9.5% |
| Amounts payable17/49 | €31k | €30k | €35k | €39k | €137k | ▲ 256% |
| Amounts payable within one year42/48 | €31k | €20k | €35k | €39k | €122k | ▲ 215% |
| Trade debts44 | €2k | €20k | €20k | €16k | €50k | ▲ 214% |
| Suppliers440/4 | - | €20k | €20k | €16k | €50k | ▲ 214% |
| Taxes, remuneration and social security45 | - | - | €15k | €23k | €27k | ▲ 18.0% |
| Taxes450/3 | - | - | €15k | €23k | €27k | ▲ 18.0% |
| Other amounts payable47/48 | - | - | - | - | €45k | - |
| Accrued charges and deferred income492/3 | - | €10k | - | - | €16k | - |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €9k | €7k | €27k | €18k | ▼ 34.8% |
| Operating cash flow (approximation) | - | €9k | €7k | €27k | €18k | ▼ 34.8% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | - | €0 | - |
| Change in cash | - | €-87k | €5k | - | €0 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
19-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 232 days late
2022
31-12
Financial
Weakest financial yearnet €7k ▼17.3%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
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.
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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, Kortenaken
Ground area
1,235 m²
Building footprint
213 m²
Volume, LiDAR
966 m³
Parcel 24115B0046/00H000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24115B0046/00H000 | Flanders | 1,235 m² | 1 · 213 m² | 7.1 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.
Similar companies · same sector, comparable size
MAN2PRO
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INDICINA
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DVH Management
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Balen · Eq €388,002
ESV MEUWIS
BE 0832.303.352
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R en G CONSULTANTS
BE 0459.130.890
Asse · Eq €388,080
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 36,588 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-11-2001
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.