Equity
€806,051 ▲ 9.5%
IMAY GROUP has made a profit in every financial year since 2014.
IMAY GROUP
Lifetime
12 annual accounts with figures on one time axispeak €639,291 (2025)
€639,291▲ 17.5%
peak €203,516 (2022)
€69,706▲ 60.9%
peak €806,051 (2025)
€806,051▲ 9.5%
€1.1m▼ 20.0%
peak 3.9 FTE (2016)
-not published
Board2 names since 2024
2 directorsYILMAZ Ahmet and 1 other
Documentsfilings and deeds
28-09-202659 days late
2025financial year
Gross margin from €544,025 to €639,291Result from €43,330 to €69,706Registered office moved from Assenede to Ghent 28-02Debts from €1.4m to €1.1m
Key points
from the 2025 annual accountsChecked score
50
Fair
Financially stronger than 57% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.8%▲ +0.5 percentage points vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.8%▲ +0.3 percentage points vs 08-2025
10-2025: 3.3%▲ +1.5 percentage points vs 09-2025
11-2025: 0.7%▼ -2.6 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 1.0%▲ +0.2 percentage points vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.5 percentage points vs 07-2026
09-2026: 2.2%▲ +0.5 percentage points vs 08-2026
10-2026: 3.9%▲ +1.7 percentage points vs 09-2026highest value
11-2026: 3.9%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 0.84
Last filed accounts filed 59 days late; 3 of the last 3 accounts late
1 change of registered office in 24 months
2 establishment units
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 48% of them on solvency, 80% on liquidity, 45% on profitability and 55% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 companies had the same profile as IMAY GROUP has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of IMAY GROUP itself is higher: 3.9% within 12 months. It rests on far more data about IMAY GROUP than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,904 companies, not a prediction for IMAY GROUP. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.84 (0.47 in 2024), below 1. Short-term debt is 27.3% of total assets. 57.5% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 59 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
59 days late
2024
70 days late
2023
56 days late
2022
91 days late
2021
101 days late
2020
120 days late
2019
62 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 80 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Functiewijziging, Slopen of verwijderen, Slopen van niet vrijstaande gebouwen of constructies and 3 more · Provincie Oost-Vlaanderen
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0504928055
Registered office moved from Assenede to Ghent
New registered office: Industrieweg 224, 9030 Gent · Previous registered office: Heulken 1, 9968 Assenede · General meeting of 14-01-2025 · Gazette deed
Environmental permit granted
Functiewijziging, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Wijzigen van een publiciteitsinrichting · Gent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMAY GROUP Ghent | €1.9m | €0.6m | 42.5% | - |
| NASKO Antwerp | €1.4m | €0.9m | 28.7% | - |
| KAMUH Waasmunster | €1.1m | €0.5m | 48.1% | 3.7 |
| DMI CONSTRUCT Aarschot | €1.5m | €1.4m | 18.8% | 6.6 |
| KERKHOVE PIETER Zedelgem | €1.5m | €1.0m | 23.1% | 3.1 |
| Esbil Zele | €0.6m | €0.6m | 61.2% | - |
| EVEREST BELGIUM Hamme (Vl.) | €1.0m | €0.4m | 37.9% | - |
These companies have the same main activity as IMAY GROUP: civil engineering (NACE 42211). They are comparable in size and age: total assets between €624,000 and €1.5m, founded between 2004 and 2018.
Official details
Source: KBO- Status
- Active since 06-02-2013Normal situation
- Activity
- Civil engineeringNACE 42211and 3 others
- Joint committee
- 124Construction · annual accounts 2025
- Establishment units
- 2.216.609.7529030 Ghent, since 20-02-2013
- 2.337.944.4789060 Zelzate, since 01-11-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Annual accounts 2025
- ≈ €1.5mestimated
- €1.9m▼ 9.6%
- Employeeson 31-12-2025
- 10▲ 42.9%
- Filing
- Filed on 28-09-2026
Insights on IMAY GROUP
IMAY GROUP has existed since 2013. The gross margin grew from €244,425 in 2014 to €639,291 in 2025.
Solvency rose in 2025 from 35.1% to 42.5% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMAY GROUP
- What is the company number of IMAY GROUP?
- The company number of IMAY GROUP is 0504.928.055. The VAT number is the same number with BE in front: BE 0504.928.055.
- Where is IMAY GROUP based?
- The registered office is at Industrieweg 224, 9030 Ghent.Company details
- What does IMAY GROUP do?
- According to the KBO register, the main activity is civil engineering (NACE 42211).
- What is the legal form of IMAY GROUP?
- IMAY GROUP is a private limited company (BV).
- When was IMAY GROUP founded?
- IMAY GROUP was founded on 06-02-2013.
- Is IMAY GROUP still active?
- Yes, IMAY GROUP is an active enterprise in the KBO register.
- How many employees does IMAY GROUP have?
- IMAY GROUP had an average of 9.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does IMAY GROUP fall under?
- In its 2025 annual accounts, IMAY GROUP states joint committee 124 (Construction).
- What is the turnover of IMAY GROUP?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €639,291 and 2,275 comparable companies of the same size. It probably lies between €910,000 and €2.6m. It is a rough estimate.
- Is IMAY GROUP profitable?
- In financial year 2025, IMAY GROUP made a profit of €69,706.
- Where can I find the annual accounts of IMAY GROUP?
- IMAY GROUP filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMAY GROUP due?
- IMAY GROUP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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