IMATAN
ActiveSummary
The computed 12-month bankruptcy probability of IMATAN is 2.1% (moderate). The 2025 annual accounts show equity of €202,762 and a net result of -€16,395. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability66▲+28
Solvency55▲+3
Growth39▼-30
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.09 against 0.17 in 2024; short-term debt: 70% and cash: 6.3% of total assets), and 70.1% 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
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
14 d late
2023
61 d late
2022
73 d late
2021
86 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 47 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. Usually files around 1 October (4 of the last 5 filed years within 31 days of that day).
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, abbreviated schema
Turnover
€4,000=
2022 · €4,000
EBIT margin
66.2%▲ 12.2pp
2022 · 54.0%
Net result
-€16,395
2024 · €2,176
Working capital
-€431,538▼ 30.4%
2024 · -€330,843
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
Turnover€5,000▲ 25.0%€4,000▼ 20.0%€4,000=
Operating result€2,785▲ 5.6%€2,158▼ 22.5%€2,646▲ 22.6%€2,703▲ 2.2%-€16,829
Net result€1,627▼ 20.5%€1,468▼ 9.8%€2,109▲ 43.7%€2,176▲ 3.2%-€16,395
EBIT margin55.7%▼ 10.3pp54.0%▼ 1.8pp66.2%▲ 12.2pp
Equity€213,403▲ 0.8%€214,871▲ 0.7%€216,980▲ 1.0%€219,157▲ 1.0%€202,762▼ 7.5%
Total assets€613,542▲ 96.2%€814,871▲ 32.8%€816,980▲ 0.3%€819,157▲ 0.3%€679,237▼ 17.1%
Debt€400,139▲ 297%€600,000▲ 49.9%€600,000=€600,000=€476,475▼ 20.6%
Working capital-€86,597-€235,129▼ 172%-€333,020▼ 41.6%-€330,843▲ 0.7%-€431,538▼ 30.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16,829 after €2,703 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €679,237
Fixed assets
€635,550 ▼ 15.3%
Current assets
€43,687 ▼ 36.8%
Equity and liabilities €679,237
Equity
€202,762 ▼ 7.5%
Debt
€476,475 ▼ 20.6%
Debt's share of the balance-sheet total falls from 73.2% to 70.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,371
Cash flow
€2,805
Current ratio
0.09▼
2024 · 0.17
Debt to equity
2.35▼
2024 · 2.74
ROE
-8.1%▼
2024 · 1.0%
ROA
-2.4%▼
2024 · 0.3%
Interest coverage
15.01
Debt ≤ 1 year
€475,225▲
2024 · €400,000
Income taxes
€13▼
2024 · €661
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,422 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,422 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €5,000 | €4,000 | €4,000 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €1,903 | €1,627 | €1,228 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €19,200 | - |
| Other operating charges640/8 | €312 | €215 | €126 | €126 | €20,199 | ▲ 15,931% |
| Gross operating margin9900 | €3,097 | €2,373 | €2,772 | €2,829 | €22,570 | ▲ 698% |
| Operating profit (loss)9901 | €2,785 | €2,158 | €2,646 | €2,703 | -€16,829 | ▼ 723% |
| Financial income75/76B | - | - | €16 | €181 | €605 | ▲ 234% |
| Recurring financial income75 | - | - | €16 | €181 | €605 | ▲ 234% |
| Financial charges65/66B | €20 | €23 | €19 | €47 | €158 | ▲ 236% |
| Recurring financial charges65 | €20 | €23 | €19 | €47 | €158 | ▲ 236% |
| Profit (loss) for the period before taxes9903 | €2,765 | €2,135 | €2,643 | €2,837 | -€16,382 | ▼ 677% |
| Income taxes67/77 | €1,138 | €667 | €534 | €661 | €13 | ▼ 98.0% |
| Profit (loss) for the period9904 | €1,627 | €1,468 | €2,109 | €2,176 | -€16,395 | ▼ 853% |
| Profit (loss) for the period to be appropriated9905 | €1,627 | €1,468 | €2,109 | €2,176 | -€16,395 | ▼ 853% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €613,542 | €814,871 | €816,980 | €819,157 | €679,237 | ▼ 17.1% |
| Fixed assets21/28 | €500,000 | €650,000 | €750,000 | €750,000 | €635,550 | ▼ 15.3% |
| Tangible fixed assets22/27 | €500,000 | €650,000 | €750,000 | €750,000 | €635,550 | ▼ 15.3% |
| Land and buildings22 | - | - | - | - | €635,550 | - |
| Assets under construction and advance payments27 | €500,000 | €650,000 | €750,000 | €750,000 | - | - |
| Current assets29/58 | €113,542 | €164,871 | €66,980 | €69,157 | €43,687 | ▼ 36.8% |
| Amounts receivable within one year40/41 | €2,000 | €332 | €466 | €339 | €700 | ▲ 106% |
| Trade receivables40 | €2,000 | - | - | - | - | - |
| Other amounts receivable41 | - | €332 | €466 | €339 | €700 | ▲ 106% |
| Cash at bank and in hand54/58 | €111,542 | €164,539 | €66,514 | €68,818 | €42,698 | ▼ 38.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €289 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €613,542 | €814,871 | €816,980 | €819,157 | €679,237 | ▼ 17.1% |
| Equity10/15 | €213,403 | €214,871 | €216,980 | €219,157 | €202,762 | ▼ 7.5% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €500 | €500 | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | €500 | €500 | €1,000 | €1,000 | €1,000 | = |
| Legal reserve130 | €500 | €500 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €12,903 | €14,371 | €15,980 | €18,157 | €1,762 | ▼ 90.3% |
| Amounts payable17/49 | €400,139 | €600,000 | €600,000 | €600,000 | €476,475 | ▼ 20.6% |
| Amounts payable after more than one year17 | €200,000 | €200,000 | €200,000 | €200,000 | - | - |
| Other amounts payable178/9 | €200,000 | €200,000 | €200,000 | €200,000 | - | - |
| Amounts payable within one year42/48 | €200,139 | €400,000 | €400,000 | €400,000 | €475,225 | ▲ 18.8% |
| Trade debts44 | €139 | - | - | - | €225 | - |
| Suppliers440/4 | €139 | - | - | - | €225 | - |
| Other amounts payable47/48 | €200,000 | €400,000 | €400,000 | €400,000 | €475,000 | ▲ 18.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,250 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,627 | €1,468 | €2,109 | €2,176 | -€16,395 | ▼ 853% |
| + Depreciation and write-downs630 | - | - | - | - | €19,200 | - |
| Operating cash flow (approximation) | €1,627 | €1,468 | €2,109 | €2,176 | €2,805 | ▲ 28.9% |
| Investment in fixed assets (approximation) | - | -€150,000 | -€100,000 | €0 | €95,250 | - |
| Change in cash | - | €52,997 | -€98,025 | €2,304 | -€26,120 | ▼ 1,234% |
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 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€16,395
Net result drops to -€16,395, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Highest result since 2018net €2,176 ▲3.2%
Net result €2,176, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
2022
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 86 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 49 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 45 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, Ukkel · 1 establishment unit since 2013
Ground area
234 m²
Building footprint
108 m²
Volume, LiDAR
1,242 m³
Parcel 21016B0237/00V000, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Onderlinge Bijstandstraat 120, 1180 Ukkel
since 20132.303.894.114
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0237/00V000 | Brussels | 234 m² | 1 · 108 m² | 14.3 m · 4 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 formPrivate limited company
Founded21-08-2013
Fiscal year end31-12
Contact
E-mail
bernardfischgrund@hotmail.com
Phone
+32475641376
E-invoicing
Reachable via Peppol
Peppol ID
0208:0537578057
Registered
13-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.