IMMAT
ActiveSummary
IMMAT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206k and a net result of €-67k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 47% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-60
Solvency51▼-3
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.09 in 2024; short-term debt: 6.6% and cash: 7.4% of total assets), but 74% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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 · 5 filingsDeviation from the deadline
2025
14 d late
2024
81 d late
2023
55 d early
2022
7 d early
2021
11 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€206k▼ 24.6%
2024 · €273k
2021: €47k
2022: €203k
2023: €214k
2024: €273k
2021 → 2025
Total assets
€791k▼ 14.9%
2024 · €930k
2021: €124k
2022: €769k
2023: €911k
2024: €930k
2021 → 2025
Net result
€-67k
2024 · €59k
2021: €44k
2022: €156k
2023: €11k
2024: €59k
2021 → 2025
Working capital
€67k▼ 22.9%
2024 · €86k
2021: €18k
2022: €18k
2023: €5k
2024: €86k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€203k▲ 329%€214k▲ 5.3%€273k▲ 27.6%€206k▼ 24.6%
Operating result€59k-€211k▲ 258%€49k▼ 76.7%€77k▲ 56.3%€-52k
Net result€44k-€156k▲ 251%€11k▼ 93.1%€59k▲ 450%€-67k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €52k after €77k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €791k
Fixed assets
€673k ▼ 12.0%
Current assets
€119k ▼ 28.5%
Equity and liabilities €791k
Equity
€206k ▼ 24.6%
Debt
€585k ▼ 10.9%
Debt's share of the balance-sheet total rises from 70.6% to 74.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €152k
Cash flow
€1k▼
2024 · €134k
Current ratio
2.29▲
2024 · 2.09
Debt to equity
2.84▲
2024 · 2.41
ROE
-32.5%▼
2024 · 21.6%
ROA
-8.5%▼
2024 · 6.4%
Interest coverage
1.11▼
2024 · 9.67
Debt ≤ 1 year
€52k▼
2024 · €79k
Debt > 1 year
€533k▼
2024 · €578k
Income taxes
€242▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€930k€791k▼
Fixed assets21/28€764k€673k▼
Tangible fixed assets22/27€764k€673k▼
Land and buildings22€721k€665k▼
Plant, machinery and equipment23€1k€530▼
Furniture and vehicles24€42k€7k▼
Financial fixed assets28€55€55=
Current assets29/58€166k€119k▼
Amounts receivable within one year40/41€47k€60k▲
Trade receivables40€8k€0▼
Other amounts receivable41€39k€60k▲
Cash at bank and in hand54/58€119k€58k▼
Equity and liabilities
Total equity and liabilities10/49€930k€791k▼
Equity10/15€273k€206k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€270k€203k▼
Amounts payable17/49€657k€585k▼
Amounts payable after more than one year17€578k€533k▼
Financial debts170/4€578k€533k▼
Amounts payable within one year42/48€79k€52k▼
Current portion of amounts payable after more than one year42€58k€44k▼
Financial debts43€768€0▼
Other loans439€768€0▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€13k€1k▼
Remuneration and social security454/9€2k€4k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€68k▼
Other operating charges640/8€2k€9k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€154k€25k▼
Operating profit (loss)9901€77k€-52k▼
Financial income75/76B€1k€2▼
Recurring financial income75€1k€2▼
Financial charges65/66B€16k€15k▼
Recurring financial charges65€16k€15k▼
Profit (loss) for the period before taxes9903€63k€-67k▼
Income taxes67/77€4k€242▼
Profit (loss) for the period9904€59k€-67k▼
Profit (loss) for the period to be appropriated9905€59k€-67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€270k€203k▼
Profit (loss) brought forward from the previous period14P€211k€270k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-67k ▼213%
Net result drops to €-67k, the lowest in the series.
20-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 81 days late
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €156k ▲251%
Operating result €211k, net result €156k, both a record.
31-12
Financial
Equity above €200kEq €203k ▲329%
2 profitable years in a row build equity to €203k.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Martens-Latem · 1 establishment unit since 2020
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.
Baarle-Frankrijkstraat 459830 Sint-Martens-LatemGround area
1,031 m²
Building footprint
307 m²
Volume, LiDAR
1,897 m³
2 parcels, Flanders · tallest building 17.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Franklin Rooseveltlaan 500, 9000 Gent
since 20202.316.744.436
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064A0457/00P000 | Flanders | 911 m² | 1 · 207 m² | 8.7 m · 2 fl. |
| 44804D2718/00F027 | Flanders | 120 m² | 1 · 100 m² | 17.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 · 1,635 EUR awarded · 1,635 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,635 EUR | 1,635 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 5,158 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.