IMERAJ
ActiveSummary
The computed 12-month bankruptcy probability of IMERAJ is 2.6% (moderate). The 2025 annual accounts show equity of €39k and a net result of €1k. Its solvency ranks better than 64% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-29
Solvency85▼-15
Growth52
Track record82
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 2.61 in 2024; short-term debt: 40% and cash: 30.7% of total assets), and 40% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60%
Return on assets
2.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
1 d early
2024
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€39k▲ 2.8%
2024 · €38k
Total assets
€65k▲ 29.0%
2024 · €50k
Net result
€1k▼ 96.3%
2024 · €37k
Working capital
€26k▲ 31.7%
2024 · €20k
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
Line20242025
Operating result€49k-€3k▼ 94.8%
Net result€37k-€1k▼ 96.3%
Equity€38k-€39k▲ 2.8%
Total assets€50k-€65k▲ 29.0%
Debt€12k-€26k▲ 109%
Working capital€20k-€26k▲ 31.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65k
Fixed assets
€12k ▼ 29.7%
Current assets
€52k ▲ 61.2%
Equity and liabilities €65k
Equity
€39k ▲ 2.8%
Debt
€26k ▲ 109%
Debt's share of the balance-sheet total rises from 24.7% to 40.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▼
2024 · €51k
Cash flow
€8k▼
2024 · €38k
Current ratio
2.02▼
2024 · 2.61
Debt to equity
0.67▲
2024 · 0.33
ROE
3.5%▼
2024 · 97.4%
ROA
2.1%▼
2024 · 73.3%
Interest coverage
194.71▲
2024 · 188.86
Debt ≤ 1 year
€26k▲
2024 · €12k
Income taxes
€2k▼
2024 · €12k
Staff costs
€204▲
2024 · €134
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €8k | - |
| Remuneration, social security and pensions62 | €134 | €204 | ▲ 52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €7k | ▲ 291% |
| Other operating charges640/8 | €302 | €5k | ▲ 1,456% |
| Gross operating margin9900 | €51k | €14k | ▼ 72.7% |
| Operating profit (loss)9901 | €49k | €3k | ▼ 94.8% |
| Financial income75/76B | €1 | €455 | ▲ 56,754% |
| Recurring financial income75 | €1 | €455 | ▲ 56,754% |
| Financial charges65/66B | €270 | €47 | ▼ 82.6% |
| Recurring financial charges65 | €270 | €47 | ▼ 82.6% |
| Profit (loss) for the period before taxes9903 | €49k | €3k | ▼ 94.0% |
| Income taxes67/77 | €12k | €2k | ▼ 86.7% |
| Profit (loss) for the period9904 | €37k | €1k | ▼ 96.3% |
| Profit (loss) for the period to be appropriated9905 | €37k | €1k | ▼ 96.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €50k | €65k | ▲ 29.0% |
| Fixed assets21/28 | €18k | €12k | ▼ 29.7% |
| Tangible fixed assets22/27 | €18k | €12k | ▼ 29.7% |
| Plant, machinery and equipment23 | €1k | €2k | ▲ 41.9% |
| Furniture and vehicles24 | €17k | €11k | ▼ 34.9% |
| Current assets29/58 | €32k | €52k | ▲ 61.2% |
| Amounts receivable within one year40/41 | €376 | €32k | ▲ 8,287% |
| Trade receivables40 | - | €23k | - |
| Other amounts receivable41 | €376 | €8k | ▲ 2,123% |
| Cash at bank and in hand54/58 | €31k | €20k | ▼ 36.1% |
| Deferred charges and accrued income490/1 | €955 | €860 | ▼ 9.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €50k | €65k | ▲ 29.0% |
| Equity10/15 | €38k | €39k | ▲ 2.8% |
| Contributions10/11 | €1k | €1k | = |
| Profit (loss) carried forward14 | €37k | €38k | ▲ 2.9% |
| Amounts payable17/49 | €12k | €26k | ▲ 109% |
| Amounts payable within one year42/48 | €12k | €26k | ▲ 109% |
| Trade debts44 | €193 | €11k | ▲ 5,436% |
| Suppliers440/4 | €193 | €11k | ▲ 5,436% |
| Taxes, remuneration and social security45 | €12k | €15k | ▲ 24.8% |
| Taxes450/3 | €12k | €15k | ▲ 24.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €1k | ▼ 96.3% |
| + Depreciation and write-downs630 | €2k | €7k | ▲ 291% |
| Operating cash flow (approximation) | €38k | €8k | ▼ 79.4% |
| Investment in fixed assets (approximation) | - | €-1k | - |
| Change in cash | - | €-11k | - |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
NBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bastogne · 1 establishment unit since 2025
Ground area
6,195 m²
Building footprint
430 m²
Volume, LiDAR
1,928 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMERAJ
since 20252.377.210.276
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82302C1217/00E000 | Wallonia | 5,697 m² | 1 · 369 m² | 5.5 m · 1 fl. |
| 82302C1218/00M000 | Wallonia | 498 m² | 1 · 61 m² | 7.3 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.
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Of 4,019 companies in sector 43310 we hold annual accounts for 1,746. 1,490 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
Founded25-03-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43240Other construction installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.