IMAY GROUP
ActiveSummary
IMAY GROUP has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €736k and a net result of €43k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 44% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-5
Solvency60▼-27
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.73 in 2023; short-term debt: 35.2% and cash: 5% of total assets), and 64.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
not confirmed
2024
70 d late
2023
56 d late
2022
91 d late
2021
101 d late
2020
120 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€736k▲ 6.3%
2023 · €693k
2018: €146klowest in 7 years
2019: €181k▲ +24.3% vs 2018
2020: €301k▲ +66.1% vs 2019
2021: €407k▲ +35.1% vs 2020
2022: €627k▲ +54.1% vs 2021
2023: €693k▲ +10.5% vs 2022
2024: €736k▲ +6.3% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.10M▲ 88.9%
2023 · €1.11M
2018: €336klowest in 7 years
2019: €387k▲ +15.3% vs 2018
2020: €720k▲ +85.9% vs 2019
2021: €812k▲ +12.8% vs 2020
2022: €1.40M▲ +72.4% vs 2021
2023: €1.11M▼ -20.6% vs 2022
2024: €2.10M▲ +88.9% vs 2023highest in 7 years
2018 → 2024
Net result
€43k▼ 34.1%
2023 · €66k
2018: €38k
2019: €35k▼ -6.6% vs 2018lowest in 7 years
2020: €122k▲ +243% vs 2019
2021: €108k▼ -10.9% vs 2020
2022: €204k▲ +87.9% vs 2021highest in 7 years
2023: €66k▼ -67.7% vs 2022
2024: €43k▼ -34.1% vs 2023
2018 → 2024
Working capital
€-390k▼ 400%
2023 · €-78k
2018: €99k
2019: €116k▲ +17.1% vs 2018
2020: €242k▲ +109% vs 2019highest in 7 years
2021: €86k▼ -64.6% vs 2020
2022: €108k▲ +26.1% vs 2021
2023: €-78k▼ -172% vs 2022
2024: €-390k▼ -400% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€301k-€407k▲ 35.1%€627k▲ 54.1%€693k▲ 10.5%€736k▲ 6.3%
2020: €301klowest in 5 years
2021: €407k▲ +35.1% vs 2020
2022: €627k▲ +54.1% vs 2021
2023: €693k▲ +10.5% vs 2022
2024: €736k▲ +6.3% vs 2023highest in 5 years
Operating result€172k-€132k▼ 23.7%€289k▲ 120%€92k▼ 68.1%€81k▼ 12.4%
2020: €172k
2021: €132k▼ -23.7% vs 2020
2022: €289k▲ +120% vs 2021highest in 5 years
2023: €92k▼ -68.1% vs 2022
2024: €81k▼ -12.4% vs 2023lowest in 5 years
Net result€122k-€108k▼ 10.9%€204k▲ 87.9%€66k▼ 67.7%€43k▼ 34.1%
2020: €122k
2021: €108k▼ -10.9% vs 2020
2022: €204k▲ +87.9% vs 2021highest in 5 years
2023: €66k▼ -67.7% vs 2022
2024: €43k▼ -34.1% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 12% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.10M
Fixed assets
€1.75M ▲ 94.2%
Current assets
€349k ▲ 66.2%
Equity and liabilities €2.10M
Equity
€736k ▲ 6.3%
Debt
€1.36M ▲ 226%
Debt's share of the balance-sheet total rises from 37.6% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€140k▼
2023 · €189k
Cash flow
€102k▼
2023 · €163k
Current ratio
0.47▼
2023 · 0.73
Debt to equity
1.85▲
2023 · 0.60
ROE
5.9%▼
2023 · 9.5%
ROA
2.1%▼
2023 · 5.9%
Interest coverage
7.48▼
2023 · 50.32
Debt ≤ 1 year
€739k▲
2023 · €288k
Debt > 1 year
€622k▲
2023 · €130k
Income taxes
€19k▼
2023 · €23k
Staff costs
€301k▲
2023 · €134k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.11M€2.10M▲
Fixed assets21/28€901k€1.75M▲
Tangible fixed assets22/27€898k€1.75M▲
Land and buildings22€627k€1.44M▲
Plant, machinery and equipment23€186k€205k▲
Furniture and vehicles24€56k€80k▲
Leasing and similar rights25€9k€9k=
Other tangible fixed assets26€20k€15k▼
Financial fixed assets28€3k€3k=
Current assets29/58€210k€349k▲
Amounts receivable within one year40/41€27k€224k▲
Trade receivables40-€177k
Other amounts receivable41€27k€47k▲
Cash at bank and in hand54/58€172k€105k▼
Deferred charges and accrued income490/1€11k€20k▲
Equity and liabilities
Total equity and liabilities10/49€1.11M€2.10M▲
Equity10/15€693k€736k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€471k€514k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€33k€33k=
Distributable reserves133€436k€479k▲
Profit (loss) carried forward14€204k€204k=
Amounts payable17/49€418k€1.36M▲
Amounts payable after more than one year17€130k€622k▲
Financial debts170/4€130k€622k▲
Amounts payable within one year42/48€288k€739k▲
Current portion of amounts payable after more than one year42-€6k
Financial debts43€28k€225k▲
Credit institutions430/8€28k€225k▲
Trade debts44€56k€394k▲
Suppliers440/4€56k€394k▲
Taxes, remuneration and social security45€115k-
Taxes450/3€110k-
Remuneration and social security454/9€5k-
Other amounts payable47/48€89k€114k▲
Income statement
Code20232024
Remuneration, social security and pensions62€134k€301k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€97k€59k▼
Other operating charges640/8€14k€104k▲
Gross operating margin9900€337k€544k▲
Operating profit (loss)9901€92k€81k▼
Financial income75/76B€62€122▲
Recurring financial income75€62€122▲
Financial charges65/66B€4k€19k▲
Recurring financial charges65€4k€19k▲
Profit (loss) for the period before taxes9903€89k€62k▼
Income taxes67/77€23k€19k▼
Profit (loss) for the period9904€66k€43k▼
Profit (loss) for the period to be appropriated9905€66k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€269k€247k▼
Profit (loss) brought forward from the previous period14P€204k€204k=
Transfer to equity691/2€66k€43k▼
To other reserves6921€66k€43k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €75k | €115k | €134k | €301k | ▲ 124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76k | €84k | €46k | €97k | €59k | ▼ 39.3% |
| Other operating charges640/8 | - | €34k | €6k | €14k | €104k | ▲ 634% |
| Gross operating margin9900 | €320k | €325k | €456k | €337k | €544k | ▲ 61.2% |
| Operating profit (loss)9901 | €172k | €132k | €289k | €92k | €81k | ▼ 12.4% |
| Financial income75/76B | - | €2k | €5 | €62 | €122 | ▲ 95.2% |
| Recurring financial income75 | €2k | €2k | €5 | €62 | €122 | ▲ 95.2% |
| Financial charges65/66B | - | €18k | €11k | €4k | €19k | ▲ 397% |
| Recurring financial charges65 | €9k | €18k | €11k | €4k | €19k | ▲ 397% |
| Profit (loss) for the period before taxes9903 | €166k | €115k | €278k | €89k | €62k | ▼ 29.7% |
| Income taxes67/77 | €44k | €7k | €75k | €23k | €19k | ▼ 17.0% |
| Profit (loss) for the period9904 | €122k | €108k | €204k | €66k | €43k | ▼ 34.1% |
| Profit (loss) for the period to be appropriated9905 | €122k | €108k | €204k | €66k | €43k | ▼ 34.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €720k | €812k | €1.40M | €1.11M | €2.10M | ▲ 88.9% |
| Fixed assets21/28 | €138k | €502k | €681k | €901k | €1.75M | ▲ 94.2% |
| Tangible fixed assets22/27 | €135k | €499k | €678k | €898k | €1.75M | ▲ 94.5% |
| Land and buildings22 | - | €384k | €537k | €627k | €1.44M | ▲ 129% |
| Plant, machinery and equipment23 | - | €67k | €74k | €186k | €205k | ▲ 10.4% |
| Furniture and vehicles24 | - | €17k | €38k | €56k | €80k | ▲ 43.9% |
| Leasing and similar rights25 | - | €11k | €9k | €9k | €9k | = |
| Other tangible fixed assets26 | - | €21k | €20k | €20k | €15k | ▼ 26.2% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €581k | €310k | €718k | €210k | €349k | ▲ 66.2% |
| Amounts receivable after more than one year29 | - | €44k | €44k | - | - | - |
| Trade receivables290 | - | - | €44k | - | - | - |
| Other amounts receivable291 | - | €44k | - | - | - | - |
| Stocks and contracts in progress3 | €10k | €10k | €10k | - | - | - |
| Stocks30/36 | - | €10k | €10k | - | - | - |
| Amounts receivable within one year40/41 | €410k | €212k | €407k | €27k | €224k | ▲ 720% |
| Trade receivables40 | - | €179k | €291k | - | €177k | - |
| Other amounts receivable41 | - | €33k | €115k | €27k | €47k | ▲ 71.9% |
| Cash at bank and in hand54/58 | €59k | €35k | €247k | €172k | €105k | ▼ 39.1% |
| Deferred charges and accrued income490/1 | - | €9k | €11k | €11k | €20k | ▲ 87.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €720k | €812k | €1.40M | €1.11M | €2.10M | ▲ 88.9% |
| Equity10/15 | €301k | €407k | €627k | €693k | €736k | ▲ 6.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | €19k | €19k | €19k | = |
| Other1109/19 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €283k | €388k | €405k | €471k | €514k | ▲ 9.2% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €33k | €33k | €33k | €33k | = |
| Distributable reserves133 | - | €354k | €370k | €436k | €479k | ▲ 9.9% |
| Profit (loss) carried forward14 | €92k | - | €204k | €204k | €204k | = |
| Amounts payable17/49 | €418k | €405k | €772k | €418k | €1.36M | ▲ 226% |
| Amounts payable after more than one year17 | €79k | €181k | €162k | €130k | €622k | ▲ 380% |
| Financial debts170/4 | - | €181k | €162k | €130k | €622k | ▲ 380% |
| Amounts payable within one year42/48 | €339k | €224k | €610k | €288k | €739k | ▲ 156% |
| Current portion of amounts payable after more than one year42 | - | €49k | - | - | €6k | - |
| Financial debts43 | - | €4k | €189k | €28k | €225k | ▲ 705% |
| Credit institutions430/8 | - | €4k | €189k | €28k | €225k | ▲ 705% |
| Trade debts44 | €123k | €104k | €208k | €56k | €394k | ▲ 597% |
| Suppliers440/4 | - | €104k | €208k | €56k | €394k | ▲ 597% |
| Advances received on contracts in progress46 | - | €18k | €18k | - | - | - |
| Taxes, remuneration and social security45 | - | €46k | €192k | €115k | - | - |
| Taxes450/3 | - | €36k | €164k | €110k | - | - |
| Remuneration and social security454/9 | - | €10k | €28k | €5k | - | - |
| Other amounts payable47/48 | - | €3k | €3k | €89k | €114k | ▲ 28.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122k | €108k | €204k | €66k | €43k | ▼ 34.1% |
| + Depreciation and write-downs630 | €76k | €84k | €46k | €97k | €59k | ▼ 39.3% |
| Operating cash flow (approximation) | €197k | €193k | €249k | €163k | €102k | ▼ 37.2% |
| Investment in fixed assets (approximation) | - | €-448k | €-225k | €-317k | €-907k | ▼ 186% |
| Change in cash | - | €-24k | €212k | €-74k | €-67k | ▲ 9.7% |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
31-12
Financial
Highest result since 2018net €204k ▲87.9%
Operating result €289k, net result €204k, both a record.
31-12
Financial
Equity above €500kEq €627k ▲54.1%
5 profitable years in a row build equity to €627k.
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 101 days late
2021
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 120 days late
2020
31-12
Financial
Equity above €200kEq €301k ▲66.1%
3 profitable years in a row build equity to €301k.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Weakest financial yearnet €35k ▼6.6%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €181k ▲24.3%
2 profitable years in a row build equity to €181k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Show earlier events
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Gent · 2 establishment units since 2013
Ground area
1,512 m²
Building footprint
245 m²
Volume, LiDAR
1,708 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
IMAY GROUP
since 20132.216.609.752
IMAY GROUP
since 20222.337.944.478
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0027/00T002 | Flanders | 1,329 m² | 1 · 140 m² | 10.5 m · 3 fl. |
| 43302B0700/00_000 | Flanders | 183 m² | 1 · 106 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 464 EUR awarded · 464 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 464 EUR | 464 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
6 categoriesIMAY GROUP BV44409
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Of 295 companies in sector 42211 we hold annual accounts for 132. 67 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
42110Construction of roads and motorways
42211Civil engineering
42212Civil engineering
42219Civil engineering
Scores and ratios are computed by Checked and are not a credit decision.