ImMons
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 06-06-2026 PDF all 12 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,207
2024 · €4,119
Working capital
€14,044▼ 39.8%
2024 · €23,340
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,075
2025
20182025
Net result
-€10,207
2025
lowest quarter of the sector
20182025
Equity
-€417,719
▼ 2.5%
2025
lowest quarter of the sector
20182025
Total assets
€67,213
▼ 3.1%
2025
lowest quarter of the sector
20182025
Debt
€484,932
▲ 1.7%
2025
20182025
Working capital
€14,044
▼ 39.8%
2025
lowest quarter of the sector
20182025
Solvency
-621.5%
▼ 34.2pp
2025
lowest quarter of the sector
20182025
Current ratio
1.26
▼ 0.24
2025
middle half of the sector
20182025
Return on assets (ROA)
-15.2%
▼ 21.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.07m▲ 202%-€0.009m-€0.4m▼ 5,008%-€0.3m▲ 40.0%-€0.02m▲ 92.3%€0.005m-€0.001m
Net result€0.01m-€0.04m▲ 210%-€0.03mbelow the sector's middle half-€0.4mbelow the sector's middle half▼ 1,438%-€0.3mbelow the sector's middle half▲ 39.6%-€0.02mbelow the sector's middle half▲ 91.0%€0.004mwithin the sector's middle half-€0.01mbelow the sector's middle half
Equity€0.3m-€0.4m▲ 11.2%€0.3mwithin the sector's middle half▼ 8.1%-€0.1mbelow the sector's middle half-€0.4mbelow the sector's middle half▼ 230%-€0.4mbelow the sector's middle half▼ 6.2%-€0.4mbelow the sector's middle half▲ 1.0%-€0.4mbelow the sector's middle half▼ 2.5%
Total assets€1.8m-€1.5m▼ 16.7%€0.5mwithin the sector's middle half▼ 64.9%€0.5mwithin the sector's middle half▼ 4.5%€0.1mbelow the sector's middle half▼ 75.6%€0.07mbelow the sector's middle half▼ 40.6%€0.07mbelow the sector's middle half▼ 6.7%€0.07mbelow the sector's middle half▼ 3.1%
Debt€1.5m-€1.2m▼ 22.6%€0.2m▼ 82.3%€0.6m▲ 203%€0.5m▼ 18.7%€0.5m▼ 5.2%€0.5m▼ 1.9%€0.5m▲ 1.7%
Working capital-€0.1m-€0.4m€0.4mwithin the sector's middle half▼ 3.9%-€0.1mbelow the sector's middle half€0.06mwithin the sector's middle half€0.01mwithin the sector's middle half▼ 78.3%€0.02mwithin the sector's middle half▲ 73.7%€0.01mbelow the sector's middle half▼ 39.8%
Solvency17.5%-23.4%▲ 5.9pp61.3%above the sector's middle half▲ 37.9pp-22.9%below the sector's middle half▼ 84.2pp-309.6%below the sector's middle half▼ 286.7pp-553.3%below the sector's middle half▼ 243.7pp-587.3%below the sector's middle half▼ 34.0pp-621.5%below the sector's middle half▼ 34.2pp
Current ratio0.88-1.65▲ 0.763.25above the sector's middle half▲ 1.600.79below the sector's middle half▼ 2.452.17within the sector's middle half▲ 1.381.24within the sector's middle half▼ 0.931.51within the sector's middle half▲ 0.271.26within the sector's middle half▼ 0.24
Return on assets (ROA)0.6%-2.4%▲ 1.7pp-5.4%below the sector's middle half▼ 7.8pp-87.0%below the sector's middle half▼ 81.6pp-215.7%below the sector's middle half▼ 128.7pp-32.5%below the sector's middle half▲ 183.2pp5.9%within the sector's middle half▲ 38.5pp-15.2%below the sector's middle half▼ 21.1pp
above
within
below
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,075, after a profit of €4,652 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,213
Fixed assets
€25 =
Current assets
€67,188 ▼ 3.1%
Equity and liabilities
Equity-€417,719
Debt€484,932
Equity is negative. Debt (€484,932) exceeds the balance-sheet total (€67,213).
Key figures and ratios
Debt ≤ 1 year
€53,144▲
2024 · €46,026
Debt > 1 year
€431,788▲
2024 · €430,877
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | €77,255 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts guaranteed by Belgian public bodies | €45,667 | €32,146 | €32,146 | €20,100 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €38,501 | €6,118 | - | - | - |
| Depreciation and write-downs of the year | €10,919 | €5,775 | €5,775 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €51,082 | - | €11,739 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,488 | €16,414 | €4,800 | €10,919 | €5,775 | €5,775 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €324,205 | €158,136 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €9,339 | €5,610 | €1,226 | €943 | €820 | ▼ 13.0% |
| Non-recurring operating charges66A | - | - | - | - | €2,263 | - | - | - | - |
| Gross operating margin9900 | €66,011 | €106,122 | €93,704 | -€90,134 | -€89,163 | -€12,976 | €5,595 | -€255 | - |
| Operating profit (loss)9901 | €22,094 | €66,653 | -€8,509 | -€434,597 | -€260,946 | -€19,976 | €4,652 | -€1,075 | - |
| Financial income75/76B | - | - | - | - | €0 | - | - | €131 | - |
| Recurring financial income75 | €33,333 | €16,667 | €3,723 | - | €0 | - | - | €131 | - |
| Financial charges65/66B | - | - | - | €11,307 | €9,006 | €4,075 | €533 | €9,262 | ▲ 17× |
| Recurring financial charges65 | €43,214 | €46,664 | €23,516 | €11,307 | €9,006 | €4,075 | €533 | €9,262 | ▲ 17× |
| Profit (loss) for the period before taxes9903 | €12,213 | €36,657 | -€28,302 | -€445,904 | -€269,952 | -€24,052 | €4,119 | -€10,207 | - |
| Income taxes67/77 | €558 | €523 | €729 | €679 | - | €158 | - | - | - |
| Profit (loss) for the period9904 | €11,655 | €36,134 | -€29,031 | -€446,583 | -€269,952 | -€24,210 | €4,119 | -€10,207 | - |
| Profit (loss) for the period to be appropriated9905 | €7,333 | €31,576 | -€29,031 | -€446,583 | -€269,952 | -€24,210 | €4,119 | -€10,207 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.5m | €0.5m | €0.5m | €0.1m | €0.07m | €0.07m | €0.07m | ▼ 3.1% |
| Fixed assets21/28 | €0.9m | €0.6m | €0.01m | €0.04m | €0.01m | €0.005m | €25 | €25 | = |
| Tangible fixed assets22/27 | €0.6m | €0.3m | €0.01m | €0.04m | €0.01m | €0.005m | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.005m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.01m | €0.005m | - | - | - |
| Financial fixed assets28 | €0.2m | €0.2m | €0.001m | €0.001m | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €1.0m | €1.0m | €0.5m | €0.5m | €0.1m | €0.07m | €0.07m | €0.07m | ▼ 3.1% |
| Stocks and contracts in progress3 | €0.8m | €0.7m | €0.1m | €0.4m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.4m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.3m | €0.3m | €0.06m | €0.1m | €0.07m | €0.07m | €0.07m | ▼ 2.5% |
| Trade receivables40 | - | - | - | €0.05m | €0.06m | €0.02m | €0.02m | €0.02m | ▼ 2.7% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.05m | €0.04m | €0.05m | €0.04m | ▼ 2.4% |
| Cash at bank and in hand54/58 | €0.002m | €179 | €0.1m | €0.001m | €0.007m | €0 | €0.001m | €0.001m | ▼ 47.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.001m | €0.001m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.5m | €0.5m | €0.5m | €0.1m | €0.07m | €0.07m | €0.07m | ▼ 3.1% |
| Equity10/15 | €0.3m | €0.4m | €0.3m | -€0.1m | -€0.4m | -€0.4m | -€0.4m | -€0.4m | ▼ 2.5% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.009m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Tax-exempt reserves132 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.004m | €0.03m | -€0.003m | -€0.4m | -€0.7m | -€0.7m | -€0.7m | -€0.7m | ▼ 1.4% |
| Amounts payable17/49 | €1.5m | €1.2m | €0.2m | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 1.7% |
| Amounts payable after more than one year17 | €0.4m | €0.6m | €0.05m | €0.03m | €0.5m | €0.4m | €0.4m | €0.4m | ▲ 0.2% |
| Financial debts170/4 | - | - | - | €0.03m | €0.02m | - | - | - | - |
| Other amounts payable178/9 | - | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 0.2% |
| Amounts payable within one year42/48 | €1.1m | €0.6m | €0.2m | €0.6m | €0.05m | €0.06m | €0.05m | €0.05m | ▲ 15.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.02m | €0.03m | €0.02m | - | - |
| Trade debts44 | €0.007m | €0.02m | €0.004m | €0.02m | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 29.2% |
| Suppliers440/4 | - | - | - | €0.02m | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 29.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.003m | €0.002m | €158 | - | - |
| Taxes450/3 | - | - | - | €0.08m | €0.003m | €0.002m | €158 | - | - |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.001m | €0.001m | €0.001m | €0.04m | ▲ 53× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,655 | €36,134 | -€29,031 | -€446,583 | -€269,952 | -€24,210 | €4,119 | -€10,207 | - |
| + Depreciation and write-downs630 | €40,488 | €16,414 | €4,800 | €10,919 | €5,775 | €5,775 | - | - | - |
| Operating cash flow (approximation) | €52,143 | €52,548 | -€24,231 | -€435,664 | -€264,178 | -€18,435 | €4,119 | -€10,207 | - |
| Investment in fixed assets (approximation) | - | €286,711 | €549,005 | -€38,501 | €21,394 | €0 | €4,859 | €0 | ▼ 100% |
| Change in cash | - | -€1,400 | €106,530 | -€105,893 | €6,434 | -€7,249 | €999 | -€471 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as ImMons has now. Two years later, 85.5% were still going and 5.8% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
85.5%
was still going
8.1%
stopped otherwise
5.8%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ImMons itself: 2.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 6,907 companies, not a prediction for ImMons. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 06-06-2026 | 2026-00141313 | |
| 31-12-2024 | full format | 13-06-2025 | 2025-00135585 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00181301 | |
| 31-12-2022 | full format | 06-07-2023 | 2023-00216826 | |
| 31-12-2021 | full format | 20-07-2022 | 2022-20220833 | |
| 31-12-2020 | full format | 02-07-2021 | 2021-30400116 | |
| 31-12-2019 | full format | 30-07-2020 | 2020-37200504 | |
| 31-12-2018 | full format | 26-07-2019 | 2019-39300129 | |
| 31-12-2017 | full format | 14-08-2018 | 2018-45800208 | |
| 31-12-2016 | full format | 22-08-2017 | 2017-46200140 |