IMMATH
ActiveSummary
The computed 12-month bankruptcy probability of IMMATH is 1.8% (moderate). The 2025 annual accounts show equity of €1.6m and a net result of €91,134. Equity remains stable across the filed fiscal years (±2.2% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 4.84 against 3.22 in 2024; short-term debt: 7.3% and cash: 15.4% of total assets), and 9.8% of the assets are financed with debt.
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Signals
Four 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 · 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
90.2%
Return on assets
5.1%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
57 d early
2024
94 d early
2023
57 d early
2022
59 d early
2021
48 d early
2020
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 58 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.6m▲ 6.0%
2024 · €1.5m
Total assets
€1.8m▲ 2.8%
2024 · €1.7m
Net result
€91,134▲ 3.4%
2024 · €88,136
Working capital
€497,953▲ 34.7%
2024 · €369,623
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
Line20212022202320242025
Operating result€102,468▲ 14.0%€112,117▲ 9.4%€125,279▲ 11.7%€124,703▼ 0.5%€130,051▲ 4.3%
Net result€64,805▲ 6.3%€75,996▲ 17.3%€86,214▲ 13.4%€88,136▲ 2.2%€91,134▲ 3.4%
Equity€1.5m▲ 4.6%€1.5m▲ 5.2%€1.5m▼ 0.4%€1.5m▼ 1.6%€1.6m▲ 6.0%
Total assets€1.6m▲ 2.3%€1.6m▲ 4.9%€1.7m▲ 4.9%€1.7m▲ 0.9%€1.8m▲ 2.8%
Debt€20,850▼ 53.4%€27,517▲ 32.0%€120,239▲ 337%€166,591▲ 38.5%€130,397▼ 21.7%
Working capital€214,666▲ 89.5%€327,247▲ 52.4%€357,400▲ 9.2%€369,623▲ 3.4%€497,953▲ 34.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.2m ▼ 3.5%
Current assets
€627,739 ▲ 17.1%
Equity and liabilities €1.8m
Equity
€1.6m ▲ 6.0%
Provisions
€44,435 ▼ 11.4%
Debt
€130,397 ▼ 21.7%
Debt's share of the balance-sheet total falls from 9.6% to 7.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€172,351▲
2024 · €167,003
Cash flow
€133,435▲
2024 · €130,436
Current ratio
4.84▲
2024 · 3.22
Debt to equity
0.08▼
2024 · 0.11
ROE
5.7%▼
2024 · 5.8%
ROA
5.1%▲
2024 · 5.1%
Interest coverage
1008.43▼
2024 · 1036.71
Debt ≤ 1 year
€129,787▼
2024 · €166,591
Income taxes
€48,774▲
2024 · €47,410
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 6,776 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,300 | €42,300 | €42,300 | €42,300 | €42,300 | = |
| Other operating charges640/8 | €16,188 | €17,095 | €18,744 | €19,472 | €20,084 | ▲ 3.1% |
| Gross operating margin9900 | €160,957 | €171,513 | €186,324 | €186,475 | €192,436 | ▲ 3.2% |
| Operating profit (loss)9901 | €102,468 | €112,117 | €125,279 | €124,703 | €130,051 | ▲ 4.3% |
| Financial income75/76B | - | - | €1,895 | €5,289 | €4,313 | ▼ 18.5% |
| Recurring financial income75 | - | - | €1,895 | €5,289 | €4,313 | ▼ 18.5% |
| Financial charges65/66B | €53 | €127 | €198 | €161 | €171 | ▲ 6.1% |
| Recurring financial charges65 | €53 | €127 | €198 | €161 | €171 | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €102,415 | €111,990 | €126,976 | €129,831 | €134,193 | ▲ 3.4% |
| Transfer from deferred taxes780 | €5,715 | €5,715 | €5,715 | €5,715 | €5,715 | = |
| Income taxes67/77 | €43,325 | €41,709 | €46,478 | €47,410 | €48,774 | ▲ 2.9% |
| Profit (loss) for the period9904 | €64,805 | €75,996 | €86,214 | €88,136 | €91,134 | ▲ 3.4% |
| Transfer from tax-exempt reserves789 | €64,667 | €13,382 | €13,382 | €13,382 | €13,382 | = |
| Profit (loss) for the period to be appropriated9905 | €129,473 | €89,377 | €99,595 | €101,517 | €104,516 | ▲ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 2.8% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.5% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.5% |
| Land and buildings22 | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | ▼ 3.5% |
| Current assets29/58 | €235,515 | €354,763 | €477,639 | €536,214 | €627,739 | ▲ 17.1% |
| Amounts receivable within one year40/41 | - | - | - | €150,000 | €150,000 | = |
| Other amounts receivable41 | - | - | - | €150,000 | €150,000 | = |
| Current investments50/53 | - | - | €100,000 | €100,000 | €200,000 | ▲ 100% |
| Cash at bank and in hand54/58 | €235,515 | €351,527 | €374,148 | €282,669 | €274,075 | ▼ 3.0% |
| Deferred charges and accrued income490/1 | - | €3,236 | €3,491 | €3,545 | €3,664 | ▲ 3.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.7m | €1.7m | €1.8m | ▲ 2.8% |
| Equity10/15 | €1.5m | €1.5m | €1.5m | €1.5m | €1.6m | ▲ 6.0% |
| Contributions10/11 | €220,000 | €220,000 | €220,000 | €220,000 | €220,000 | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.4m | ▲ 7.0% |
| Tax-exempt reserves132 | €171,773 | €158,392 | €145,010 | €131,629 | €118,247 | ▼ 10.2% |
| Distributable reserves133 | €1.1m | €1.2m | €1.2m | €1.2m | €1.3m | ▲ 9.0% |
| Provisions and deferred taxes16 | €67,295 | €61,580 | €55,865 | €50,150 | €44,435 | ▼ 11.4% |
| Deferred taxes168 | €67,295 | €61,580 | €55,865 | €50,150 | €44,435 | ▼ 11.4% |
| Amounts payable17/49 | €20,850 | €27,517 | €120,239 | €166,591 | €130,397 | ▼ 21.7% |
| Amounts payable within one year42/48 | €20,850 | €27,517 | €120,239 | €166,591 | €129,787 | ▼ 22.1% |
| Trade debts44 | €12 | €22 | €15 | €12 | - | - |
| Suppliers440/4 | €12 | €22 | €15 | €12 | - | - |
| Taxes, remuneration and social security45 | €18,009 | €25,035 | €25,119 | €19,233 | €7,480 | ▼ 61.1% |
| Taxes450/3 | €18,009 | €25,035 | €25,119 | €19,233 | €7,480 | ▼ 61.1% |
| Other amounts payable47/48 | €2,829 | €2,460 | €95,106 | €147,346 | €122,306 | ▼ 17.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €610 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,805 | €75,996 | €86,214 | €88,136 | €91,134 | ▲ 3.4% |
| + Depreciation and write-downs630 | €42,300 | €42,300 | €42,300 | €42,300 | €42,300 | = |
| Operating cash flow (approximation) | €107,105 | €118,296 | €128,514 | €130,436 | €133,435 | ▲ 2.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €116,011 | €22,621 | -€91,478 | -€8,594 | ▲ 90.6% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2020net €91,134 ▲3.4%
Operating result €130,051, net result €91,134, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 11.30
Current ratio from 3.53 to 11.30; short-term debt falls from €44,728 to €20,850.
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Leuven · 1 establishment unit since 2020
Ground area
153 m²
Building footprint
79 m²
Volume, LiDAR
588 m³
Parcel 24502C0464/00C002, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
IMMATH
since 20202.304.396.237
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502C0464/00C002 | Flanders | 153 m² | 1 · 79 m² | 10.3 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded02-06-2020
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747790123
Also
9925:BE0747790123
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.