Turnover
≈ €170,000 estimated
The accounts state no turnover.
IMFAS
Lifetime
11 annual accounts with figures on one time axispeak €39,648 (2025)
€39,648▲ 156%
lowest -€59,165 (2018)
€6,203▲ €24,877
peak €1.4m (2015)
€1.1m▲ 0.5%
€13,331▲ 101%
Board1 name since 2021
1 directorGRUTMAN Francine
Documentsfilings and deeds
08-07-202623 days before the deadline
2025micro format
Gross margin from €15,465 to €39,648Back to profit: €6,203Debts from €6,623 to €13,331
Key points
from the 2025 annual accountsFilings
11 annual accounts since 2015
Three of the last ten came late. The 2017 accounts came latest: 30 days after the end of the period.
Position in the sector
98.8%
Higher solvency than 95% of companies in wholesale trade. Sector median 40.5% · 13,800 companies.
Checked score
95
Excellent
Financially stronger than 63% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €1.2m
Figures for financial year 2025 (filed on 08-07-2026)
Equity €1.1m (98.8% of total assets)
Founded in 2014
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 46, micro). It does better than 90% of them on solvency, 66% on liquidity, 52% on profitability and 43% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 6,049 companies had the same profile as IMFAS has now. Each dot stands for 16 companies, two years later.
95.9%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of IMFAS itself: < 0.1% within 12 months.
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 6,049 companies, not a prediction for IMFAS. 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 €100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 23.3 (40.91 in 2024), above the usual 1.5. Short-term debt is 1.2% and cash 7.5% of total assets. 1.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 days early
2024
51 days early
2023
21 days early
2022
28 days early
2021
13 days early
2020
25 days early
2019
30 days early
← 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 27 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 8 July (5 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
Resignation: GRUTMAN Francine (director)
Reappointment: GRUTMAN Francine (director) · Gazette deed
Registered office moved from Hasselt to Tongeren
New registered office: Eeuwfeestwal, 30 bus 15 3700 Tongeren · Previous registered office: Trekschurenstraat, 126 3500 Hasselt · Gazette deed
Incorporation
published on 11-06-2014 · Gazette deed
First establishment
Eeuwfeestwal 30, Tongeren-Borgloon
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMFAS Tongeren-Borgloon | €1.2m | €39,648 | 98.8% | - |
| VANLANDSCHOOTE Jabbeke | €1.1m | €41,130 | 43.2% | - |
| R & D Food Revolution- Lille | €1.5m | €37,759 | 46.9% | - |
| IKATUBO Tervuren | €1.2m | €40,322 | 94.2% | - |
| TBV Lier | €0.9m | €55,747 | 9.0% | - |
| ELYOR Energy Group Brussels | €0.9m | €57,541 | 23.9% | 0 |
| RBTECH Wuustwezel | €1.5m | €33,214 | 88.1% | - |
These companies have the same main activity as IMFAS: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €876,000 and €1.5m, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 30-05-2014Normal situation
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Establishment unit
- 2.233.149.6383700 Tongeren-Borgloon, since 30-05-2014
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €1.2m▲ 1.1%
- Filing
- Filed on 08-07-2026, 23 days before the end of the filing period
Insights on IMFAS
IMFAS files the micro format. That format states no turnover. The gross margin rose from €9,821 in 2015 to €39,648 in 2025.
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 IMFAS
- What is the company number of IMFAS?
- The company number of IMFAS is 0553.506.348. The VAT number is the same number with BE in front: BE 0553.506.348.
- Where is IMFAS based?
- The registered office is at Eeuwfeestwal 30, 3700 Tongeren-Borgloon.Company details
- What does IMFAS do?
- According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
- What is the legal form of IMFAS?
- IMFAS is a private limited company (BV).
- When was IMFAS founded?
- IMFAS was founded on 30-05-2014.
- Is IMFAS still active?
- Yes, IMFAS is an active enterprise in the KBO register.
- What is the turnover of IMFAS?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €39,648 and 38 comparable companies (NACE 461). It probably lies between €110,000 and €440,000.Financials
- Is IMFAS profitable?
- In financial year 2025, IMFAS made a profit of €6,203.
- Where can I find the annual accounts of IMFAS?
- IMFAS filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMFAS due?
- IMFAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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