IMEST
ActiveSummary
IMEST has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,828 and a net result of €15,354. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-26
Solvency45▼-54
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 3.85 in 2024; short-term debt: 80.2% and cash: 16.9% of total assets), and 80.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
19.8%
Return on assets
14.6%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €20,828
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-04-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 d early
2024
21 d early
2023
61 d early
2022
86 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 48 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,828▲ 192%
2024 · €7,140
Total assets
€105,370▲ 992%
2024 · €9,648
Net result
€15,354▲ 140%
2024 · €6,403
Working capital
€20,828▲ 192%
2024 · €7,140
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
Line2022202320242025
Operating result€9,379--€7,468€6,881€22,364▲ 225%
Net result€6,545--€7,507€6,403€15,354▲ 140%
Equity€9,045-€1,538▼ 83.0%€7,140▲ 364%€20,828▲ 192%
Total assets€102,680-€15,820▼ 84.6%€9,648▼ 39.0%€105,370▲ 992%
Debt€93,635-€14,282▼ 84.7%€2,507▼ 82.4%€84,542▲ 3,272%
Working capital€8,397-€1,483▼ 82.3%€7,140▲ 381%€20,828▲ 192%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 225% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €105,370
Equity
€20,828 ▲ 192%
Debt
€84,542 ▲ 3,272%
Debt's share of the balance-sheet total rises from 26.0% to 80.2%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.25▼
2024 · 3.85
Quick ratio
0.25▼
2024 · 3.85
Debt to equity
4.06▲
2024 · 0.35
ROE
73.7%▼
2024 · 89.7%
ROA
14.6%▼
2024 · 66.4%
Debt ≤ 1 year
€84,542▲
2024 · €2,507
Income taxes
€6,960▲
2024 · €430
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €296 | - | - | - | - |
| Other operating charges640/8 | €125 | €455 | €106 | €1,802 | ▲ 1,604% |
| Non-recurring operating charges66A | - | €1,043 | - | - | - |
| Gross operating margin9900 | €9,800 | -€5,970 | €6,987 | €24,166 | ▲ 246% |
| Operating profit (loss)9901 | €9,379 | -€7,468 | €6,881 | €22,364 | ▲ 225% |
| Financial income75/76B | €7 | - | - | €0 | - |
| Recurring financial income75 | €7 | - | - | €0 | - |
| Financial charges65/66B | €580 | €39 | €48 | €50 | ▲ 3.2% |
| Recurring financial charges65 | €580 | €39 | €48 | €50 | ▲ 3.2% |
| Profit (loss) for the period before taxes9903 | €8,806 | -€7,507 | €6,833 | €22,314 | ▲ 227% |
| Income taxes67/77 | €2,261 | - | €430 | €6,960 | ▲ 1,519% |
| Profit (loss) for the period9904 | €6,545 | -€7,507 | €6,403 | €15,354 | ▲ 140% |
| Profit (loss) for the period to be appropriated9905 | €6,545 | -€7,507 | €6,403 | €15,354 | ▲ 140% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €102,680 | €15,820 | €9,648 | €105,370 | ▲ 992% |
| Fixed assets21/28 | €648 | €55 | - | - | - |
| Tangible fixed assets22/27 | €593 | - | - | - | - |
| Furniture and vehicles24 | €593 | - | - | - | - |
| Financial fixed assets28 | €55 | €55 | - | - | - |
| Current assets29/58 | €102,032 | €15,765 | €9,648 | €105,370 | ▲ 992% |
| Stocks and contracts in progress3 | - | - | - | €84,375 | - |
| Stocks30/36 | - | - | - | €84,375 | - |
| Amounts receivable within one year40/41 | - | €6,776 | €250 | €3,180 | ▲ 1,172% |
| Trade receivables40 | - | €6,776 | - | €2,880 | - |
| Other amounts receivable41 | - | - | €250 | €300 | ▲ 19.9% |
| Cash at bank and in hand54/58 | €98,177 | €8,989 | €9,398 | €17,816 | ▲ 89.6% |
| Deferred charges and accrued income490/1 | €3,855 | - | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €102,680 | €15,820 | €9,648 | €105,370 | ▲ 992% |
| Equity10/15 | €9,045 | €1,538 | €7,140 | €20,828 | ▲ 192% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Capital10 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Issued capital100 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €6,545 | €250 | €4,550 | €18,150 | ▲ 299% |
| Non-distributable reserves130/1 | €250 | €250 | €250 | €250 | = |
| Legal reserve130 | €250 | €250 | €250 | €250 | = |
| Distributable reserves133 | €6,295 | - | €4,300 | €17,900 | ▲ 316% |
| Profit (loss) carried forward14 | - | -€1,212 | €90 | €178 | ▲ 97.4% |
| Amounts payable17/49 | €93,635 | €14,282 | €2,507 | €84,542 | ▲ 3,272% |
| Amounts payable within one year42/48 | €93,635 | €14,282 | €2,507 | €84,542 | ▲ 3,272% |
| Trade debts44 | €38 | - | - | €3,796 | - |
| Suppliers440/4 | €38 | - | - | €3,796 | - |
| Taxes, remuneration and social security45 | €2,261 | €1,407 | €430 | €6,960 | ▲ 1,519% |
| Taxes450/3 | €2,261 | €1,407 | €430 | €6,960 | ▲ 1,519% |
| Other amounts payable47/48 | €91,336 | €12,875 | €2,077 | €73,786 | ▲ 3,452% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,545 | -€7,507 | €6,403 | €15,354 | ▲ 140% |
| + Depreciation and write-downs630 | €296 | - | - | - | - |
| Operating cash flow (approximation) | €6,841 | -€7,507 | €6,403 | €15,354 | ▲ 140% |
| Investment in fixed assets (approximation) | - | €593 | - | - | - |
| Change in cash | - | -€89,188 | €409 | €8,418 | ▲ 1,959% |
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
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €15,354 ▲140%
Operating result €22,364, net result €15,354, both a record.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €6,403
Net result €6,403 after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 3.85
Current ratio from 1.10 to 3.85; short-term debt falls from €14,282 to €2,507.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€7,507
Net result drops to -€7,507, the lowest in the series; recovery starts the following year.
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2020
Ground area
276 m²
Building footprint
68 m²
Volume, LiDAR
743 m³
Parcel 25772G0071/00M004, Wallonia · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
IMEST
since 20202.310.776.956
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0071/00M004 | Wallonia | 276 m² | 1 · 68 m² | 12.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 4,081 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
Founded14-12-2020
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759747154
Also
9925:BE0759747154
Registered
29-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.