IMAT
ActiveSummary
IMAT has the legal form “Naamloze vennootschap van publiek recht” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €135,489 and a net result of -€1,016. Equity remains stable across the filed financial years (±2.4% per year). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€135,489▼ 0.7%
2024 · €136,505
Total assets
€188,669▼ 0.5%
2024 · €189,713
Net result
-€1,016
2024 · €68
Working capital
€25,773▲ 225%
2024 · €7,925
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1,071 in 2025 against €396 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€1,071
2025
Net result-€1,016
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€188,669
2025
Equity€135,489
2025
Debt€53,180
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€25,773
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€8,436-€8,698▲ 3.1%€8,353▼ 4.0%€6,003▼ 28.1%€2,266▼ 62.2%€7,442▲ 228%-€396-€1,071▼ 170%
Net result€5,981-€6,436▲ 7.6%€6,514▲ 1.2%€1,293▼ 80.1%€1,600▲ 23.7%€6,169▲ 286%€68▼ 98.9%-€1,016
Equity€113,230-€120,862▲ 6.7%€127,376▲ 5.4%€128,669▲ 1.0%€130,268▲ 1.2%€136,437▲ 4.7%€136,505=€135,489▼ 0.7%
Total assets€299,425-€291,303▼ 2.7%€284,026▼ 2.5%€272,209▼ 4.2%€258,559▼ 5.0%€249,969▼ 3.3%€189,713▼ 24.1%€188,669▼ 0.5%
Debt€182,501-€168,568▼ 7.6%€155,401▼ 7.8%€142,916▼ 8.0%€128,291▼ 10.2%€113,532▼ 11.5%€53,207▼ 53.1%€53,180▼ 0.1%
Working capital-€96,129--€76,482▲ 20.4%-€65,853▲ 13.9%-€47,248▲ 28.3%-€31,841▲ 32.6%-€15,623▲ 50.9%€7,925€25,773▲ 225%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,669
Fixed assets
€109,716 ▼ 14.7%
Current assets
€78,953 ▲ 29.2%
Equity and liabilities €188,669
Equity
€135,489 ▼ 0.7%
Debt
€53,180 ▼ 0.1%
Debt's share of the balance-sheet total rises from 28.0% to 28.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€21,208▼
2024 · €24,533
Cash flow
€21,262▼
2024 · €24,997
Current ratio
1.48▲
2024 · 1.15
Debt to equity
0.39▲
2024 · 0.39
ROE
-0.8%▼
2024 · 0.0%
ROA
-0.5%▼
2024 · 0.0%
Interest coverage
over 100▲
2024 · 79.29
Debt ≤ 1 year
€53,180▼
2024 · €53,207
Income taxes
-€5▼
2024 · €403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,994 | €31,228 | €31,809 | €32,145 | €31,359 | €29,321 | €24,929 | €22,279 | ▼ 10.6% |
| Other operating charges640/8 | - | - | - | €4,853 | €4,963 | €5,294 | €3,653 | €3,768 | ▲ 3.1% |
| Gross operating margin9900 | €44,594 | €44,168 | €44,860 | €43,002 | €38,589 | €42,056 | €28,187 | €24,976 | ▼ 11.4% |
| Operating profit (loss)9901 | €8,436 | €8,698 | €8,353 | €6,003 | €2,266 | €7,442 | -€396 | -€1,071 | ▼ 170% |
| Financial income75/76B | - | - | - | €0 | €0 | €297 | €1,176 | €95 | ▼ 92.0% |
| Recurring financial income75 | - | - | €0 | €0 | €0 | €297 | €1,176 | €95 | ▼ 92.0% |
| Financial charges65/66B | - | - | - | €1,934 | €1,412 | €868 | €309 | €45 | ▼ 85.5% |
| Recurring financial charges65 | €3,379 | €2,887 | €2,464 | €1,934 | €1,412 | €868 | €309 | €45 | ▼ 85.5% |
| Profit (loss) for the period before taxes9903 | €5,058 | €5,811 | €5,889 | €4,070 | €854 | €6,870 | €471 | -€1,021 | - |
| Transfer from deferred taxes780 | - | - | - | €624 | €624 | - | - | - | - |
| Income taxes67/77 | - | - | - | €3,401 | -€121 | €701 | €403 | -€5 | - |
| Profit (loss) for the period9904 | €5,981 | €6,436 | €6,514 | €1,293 | €1,600 | €6,169 | €68 | -€1,016 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €2,497 | €2,498 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €8,180 | €8,933 | €9,011 | €3,791 | €4,098 | €6,169 | €68 | -€1,016 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €299,425 | €291,303 | €284,026 | €272,209 | €258,559 | €249,969 | €189,713 | €188,669 | ▼ 0.5% |
| Fixed assets21/28 | €282,892 | €255,883 | €237,457 | €205,312 | €176,128 | €152,060 | €128,580 | €109,716 | ▼ 14.7% |
| Tangible fixed assets22/27 | €282,892 | €255,883 | €237,457 | €205,312 | €176,128 | €152,060 | €128,580 | €109,716 | ▼ 14.7% |
| Land and buildings22 | - | - | - | €203,945 | €173,669 | €145,178 | €122,249 | €102,069 | ▼ 16.5% |
| Plant, machinery and equipment23 | - | - | - | €1,367 | €2,458 | €6,882 | €6,331 | €7,647 | ▲ 20.8% |
| Current assets29/58 | €16,532 | €35,421 | €46,569 | €66,897 | €82,432 | €97,909 | €61,133 | €78,953 | ▲ 29.2% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €1,388 | €2,000 | €3,033 | ▲ 51.7% |
| Trade receivables40 | - | - | - | - | - | €1,388 | - | €2,033 | - |
| Other amounts receivable41 | - | - | - | - | - | - | €2,000 | €1,000 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €16,532 | €35,421 | €45,248 | €65,529 | €80,938 | €94,893 | €58,001 | €75,920 | ▲ 30.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,368 | €1,494 | €1,627 | €1,131 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €299,425 | €291,303 | €284,026 | €272,209 | €258,559 | €249,969 | €189,713 | €188,669 | ▼ 0.5% |
| Equity10/15 | €113,230 | €120,862 | €127,376 | €128,669 | €130,268 | €136,437 | €136,505 | €135,489 | ▼ 0.7% |
| Contributions10/11 | €109,073 | €109,073 | €109,073 | €109,073 | €109,073 | €109,073 | €109,073 | €109,073 | = |
| Capital10 | - | - | - | €109,073 | €109,073 | €109,073 | €109,073 | €109,073 | = |
| Issued capital100 | - | - | - | €109,073 | €109,073 | €109,073 | €109,073 | €109,073 | = |
| Reserves13 | €9,885 | €11,789 | €18,302 | €19,596 | €21,195 | €27,364 | €27,432 | €27,432 | = |
| Non-distributable reserves130/1 | - | - | - | €4,937 | €5,142 | €5,450 | €5,518 | €5,518 | = |
| Legal reserve130 | - | - | - | €4,937 | €5,142 | €5,450 | €5,518 | €5,518 | = |
| Tax-exempt reserves132 | - | - | - | €2,498 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €12,161 | €16,054 | €21,914 | €21,914 | €21,914 | = |
| Profit (loss) carried forward14 | -€5,728 | -€24,722 | -€5,728 | - | - | - | - | -€1,016 | - |
| Provisions and deferred taxes16 | €3,694 | €1,873 | €1,249 | €624 | - | - | - | - | - |
| Deferred taxes168 | - | - | - | €624 | - | - | - | - | - |
| Amounts payable17/49 | €182,501 | €168,568 | €155,401 | €142,916 | €128,291 | €113,532 | €53,207 | €53,180 | ▼ 0.1% |
| Amounts payable after more than one year17 | €69,839 | €56,665 | €42,980 | €28,771 | €14,018 | - | - | - | - |
| Financial debts170/4 | - | - | - | €28,771 | €14,018 | - | - | - | - |
| Amounts payable within one year42/48 | €112,661 | €111,903 | €112,421 | €114,145 | €114,273 | €113,532 | €53,207 | €53,180 | ▼ 0.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €14,209 | €14,753 | €14,018 | - | - | - |
| Trade debts44 | €1,252 | €15 | - | €416 | - | - | €27 | - | - |
| Suppliers440/4 | - | - | - | €416 | - | - | €27 | - | - |
| Other amounts payable47/48 | - | - | - | €99,520 | €99,520 | €99,514 | €53,180 | €53,180 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,981 | €6,436 | €6,514 | €1,293 | €1,600 | €6,169 | €68 | -€1,016 | - |
| + Depreciation and write-downs630 | €31,994 | €31,228 | €31,809 | €32,145 | €31,359 | €29,321 | €24,929 | €22,279 | ▼ 10.6% |
| Operating cash flow (approximation) | €37,975 | €37,664 | €38,323 | €33,438 | €32,959 | €35,490 | €24,997 | €21,262 | ▼ 14.9% |
| Investment in fixed assets (approximation) | - | -€4,219 | -€13,384 | €0 | -€2,175 | -€5,253 | -€1,449 | -€3,414 | ▼ 136% |
| Change in cash | - | €18,888 | €9,828 | €20,281 | €15,408 | €13,956 | -€36,892 | €17,919 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00292212 |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00121415 |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00094580 |
| 31-12-2022 | micro format | 06-06-2023 | 2023-00112437 |
| 31-12-2021 | micro format | 25-05-2022 | 2022-20037581 |
| 31-12-2020 | micro format | 01-06-2021 | 2021-16400065 |
| 31-12-2019 | micro format | 26-05-2020 | 2020-13000204 |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14600576 |
| 31-12-2017 | micro format | 21-06-2018 | 2018-20800545 |
| 31-12-2016 | micro format | 16-05-2017 | 2017-12100421 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.