IMELS
ActiveIMELS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €29k and a net result of €3k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
74
/ 100
Healthy▲ +6 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability44▼-10
Solvency63▲+22
Growth78=
Stability100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 1.24 in 2023), and 65.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
34.1%
Return on assets
3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
32 d late
2021
108 d late
2020
31 d late
2019
118 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€29k▲ 9.6%
2023 · €27k
2018: €2k
2019: €9k
2020: €12k
2021: €15k
2022: €24k
2023: €27k
2018 → 2024
Total assets
€86k▼ 21.9%
2023 · €110k
2018: €20k
2019: €29k
2020: €58k
2021: €69k
2022: €111k
2023: €110k
2018 → 2024
Net result
€3k▼ 11.6%
2023 · €3k
2018: €177
2019: €8k
2020: €2k
2021: €3k
2022: €9k
2023: €3k
2018 → 2024
Working capital
€24k▲ 19.0%
2023 · €20k
2018: €1k
2019: €9k
2020: €4k
2021: €8k
2022: €16k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€15k▲ 28.5%€24k▲ 60.2%€27k▲ 12.1%€29k▲ 9.6%
Operating result€5k-€7k▲ 39.4%€12k▲ 64.1%€5k▼ 60.0%€3k▼ 37.0%
Net result€2k-€3k▲ 49.4%€9k▲ 171%€3k▼ 67.7%€3k▼ 11.6%
Turnover and EBIT margin not published: the 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 37% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€6k▼ 18.3%
Current assets
€80k▼ 22.1%
Equity and liabilities €86k
Equity
€29k▲ 9.6%
Debt
€56k▼ 32.0%
The debt ratio falls from 75.7% to 65.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€4k▼
2023 · €6k
Cash flow
€4k▼
2023 · €4k
Solvency
34.1%▲
2023 · 24.3%
Current ratio
1.42▲
2023 · 1.24
Quick ratio
1.42▲
2023 · 1.24
Debt / equity
1.93▼
2023 · 3.11
ROE
8.7%▼
2023 · 10.8%
ROA
3.0%▲
2023 · 2.6%
Interest coverage
23.93▼
2023 · 43.02
Debt
€56k▼
2023 · €83k
Debt ≤ 1 year
€56k▼
2023 · €83k
Income taxes
€342▼
2023 · €2k
Staff costs
€7k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€110k€86k▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€7k€6k▼
Land and buildings22€5k€4k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€103k€80k▼
Amounts receivable within one year40/41€79k€41k▼
Trade receivables40€72k€38k▼
Other amounts receivable41€7k€3k▼
Cash at bank and in hand54/58€20k€16k▼
Deferred charges and accrued income490/1€4k€23k▲
Equity and liabilities
Total equity and liabilities10/49€110k€86k▼
Equity10/15€27k€29k▲
Contributions10/11€6k€6k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€14k€17k▲
Amounts payable17/49€83k€56k▼
Amounts payable within one year42/48€83k€56k▼
Trade debts44€24k€10k▼
Suppliers440/4€24k€10k▼
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€24k€3k▼
Taxes450/3€9k€2k▼
Remuneration and social security454/9€15k€740▼
Other amounts payable47/48€32k€41k▲
Income statement
Code20232024
Non-recurring operating income76A-€6k
Remuneration, social security and pensions62€12k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€20k€13k▼
Operating profit (loss)9901€5k€3k▼
Financial income75/76B€24-
Recurring financial income75€24-
Financial charges65/66B€142€180▲
Recurring financial charges65€142€180▲
Profit (loss) for the period before taxes9903€5k€3k▼
Income taxes67/77€2k€342▼
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€17k▲
Profit (loss) brought forward from the previous period14P€11k€14k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2018net €9k ▲171%
Net result €9k, the highest in the series.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rietschoorvelden 2592170 AntwerpenGround area
220 m²
Building footprint
118 m²
Volume, LiDAR
1,137 m³
Parcel 11028A0226/00G003, Flanders · tallest building 12.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IMELS
since 20172.263.667.125
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0226/00G003 | Flanders | 220 m² | 1 · 118 m² | 12.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
5 live approvals · 1 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Similar companies · same sector, comparable size
HCFB Commerce
BE 0791.178.817
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ELEKTRO LINK
BE 0748.715.581
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NRJ+
BE 0737.457.940
Esneux · Eq €29k
Klimasolution
BE 1010.731.882
Herzele · Eq €29k
TECHNOTRONIC
BE 0785.984.961
Ardooie · Eq €29k
Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 7,890 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-04-2017
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.