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Imda

Active
Public limited companyfounded 1982active for 43 yearsEekhoornlei 5, 2900 Schoten, BelgiumKBO/BCE: BE 0423.352.243
Summary

The computed 12-month bankruptcy probability of Imda is 2.4% (moderate). The 2025 annual accounts show equity of €1.5m and a net result of -€2,771. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 12% of 816 sector peers (NACE 25, financial year 2025). The company has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of fabricated metal products, except machinery and equipment
NACE 25631Forging of metal NACE 25401
3rd largest employer in Schoten, Manufacturing sector2 sites
Size
€23.9mturnover 2025
Staff
70.5 FTE
Equity
€1.5m
Loss
-€2,771
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.4%
Structure
Holdings
1
Accounts filed 85 days late1 of 10 deeds read
Why 51raises riskLiquidity: current ratio 0.56, cash €93,221Equity €1.5m (14.5% of total assets)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)Latest accounts 85 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 25% of its sector peers (NACE 25, medium-sized)
Financial strength · tick = 2024
Weak
Solvency 39=
equity 14.5% of total assets
Liquidity 19-5
short-term debt 61.1% · cash 0.9%
Profitability 63=
return on assets 0.0%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (133 companies, NACE 25, medium-sized)
Last 24 months 11-2024: 1.4% 12-2024: 1.4%● unchanged vs 11-2024 01-2025: 1.4%● unchanged vs 12-2024lowest value 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.5%▲ +0.1 percentage points vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 1.5%● unchanged vs 07-2025 09-2025: 1.5%● unchanged vs 08-2025 10-2025: 1.5%● unchanged vs 09-2025 11-2025: 1.5%● unchanged vs 10-2025 12-2025: 1.5%● unchanged vs 11-2025 01-2026: 1.5%● unchanged vs 12-2025 02-2026: 1.5%● unchanged vs 01-2026 03-2026: 1.5%● unchanged vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 2.4%▲ +0.9 percentage points vs 05-2026highest value 07-2026: 2.4%● unchanged vs 06-2026highest value 08-2026: 2.4%● unchanged vs 07-2026highest value 09-2026: 2.4%● unchanged vs 08-2026highest value 10-2026: 2.4%● unchanged vs 09-2026highest value
Credit of up to €75,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.56, compared with 0.57 in 2024, below 1; short-term debt: 61.1% and cash: 0.9% of total assets), and 85.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 25, medium-sized): better than 14% on solvency, 11% on liquidity, 40% on profitability and 35% on growth.

The bankruptcy probability was computed on 14-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Liquidity: current ratio 0.56, cash €93,221
NBB · annual accounts
raises risk · Equity €1.5m (14.5% of total assets)
NBB · annual accounts
raises risk · Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
KBO
raises risk · Latest accounts 85 days late; 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 816 sector peers (2025).
NBB · sector comparison
Position among 816 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 23-09-2026, 85 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
85 days late
2024
46 days early
2023
54 days early
2022
51 days early
2021
45 days early
2020
44 days early
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today. The company usually files around 15 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today30-11-2026 year end30-06-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Reappointment: Geert Van Hemelryck - Bedrijfsrevisor…Gazette deed
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: Among the weakest 13% on solvencysector median 45.7% · 816 companies 14.5% View
  • Caution: Latest accounts filed lateafter the legal deadline 85 days View
  • Flemish supportawarded from 2022 to 2025 €60,336 View

By topic

Financials

Financial year
2025
Turnover
€23.9m
Loss
-€2,771
Solvency
14.5%
Turnover▼ 3.4%
Net result
20182025
Go to Financials

Timeline

Events
44
Since
1985
Next accounts
by 30-06-2027
  1. 07-05-2024Annual accounts filed
  2. 10-05-2023Annual accounts filed
  3. 16-05-2022Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of fabricated metal products, except machinery and…NACE 25631
Founded
29-10-1982
Year ends
30-11
Peppol
Reachable for e-invoices
Go to Company details

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