IMRO GROUP
ActiveSummary
The computed 12-month bankruptcy probability of IMRO GROUP is 3.1% (moderate). The 2025 annual accounts show equity of €8,908 and a net result of €6,908. Equity is shrinking by ~70.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 4579 sector peers (fiscal year 2025). 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
Profitability63▲+22
Solvency37=
Growth32=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.69 against 1.02 in 2024; short-term debt: 68.7% and cash: 5.8% of total assets), and 88.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4579 sector peers (2025).
NBB · sector comparisonPosition among 4579 sector peers
Solvency
better than 21%
← weakest
strongest →
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 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
9 d early
2023
on the day
2022
74 d late
2021
51 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed 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. Usually files around 1 August (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€432,180▲ 12.1%
2022 · €385,437
EBIT margin
-7.5%▼ 9.4pp
2022 · 1.9%
Net result
€6,908▲ 151%
2024 · €2,752
Working capital
-€15,931
2024 · €1,176
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€439,421-€385,437▼ 12.3%€432,180▲ 12.1%
Operating result€55,386-€7,393▼ 86.7%-€32,325€12,291€16,128▲ 31.2%
Net result€43,598above the sector's middle half-€3,186within the sector's middle half▼ 92.7%-€37,585below the sector's middle half€2,752within the sector's middle half€6,908within the sector's middle half▲ 151%
EBIT margin12.6%-1.9%▼ 10.7pp-7.5%▼ 9.4pp
Equity€45,598within the sector's middle half-€48,784within the sector's middle half▲ 7.0%€11,198below the sector's middle half▼ 77.0%€13,950below the sector's middle half▲ 24.6%€8,908below the sector's middle half▼ 36.1%
Total assets€115,516within the sector's middle half-€150,888within the sector's middle half▲ 30.6%€146,032within the sector's middle half▼ 3.2%€118,532within the sector's middle half▼ 18.8%€74,935within the sector's middle half▼ 36.8%
Debt€69,918-€102,104▲ 46.0%€134,834▲ 32.1%€104,581▼ 22.4%€66,027▼ 36.9%
Working capital€27,976within the sector's middle half-€58,387within the sector's middle half▲ 109%€8,863within the sector's middle half▼ 84.8%€1,176within the sector's middle half▼ 86.7%-€15,931below the sector's middle half
Solvency39.5%within the sector's middle half-32.3%within the sector's middle half▼ 7.1pp7.7%below the sector's middle half▼ 24.7pp11.8%below the sector's middle half▲ 4.1pp11.9%below the sector's middle half▲ 0.1pp
Current ratio1.40within the sector's middle half-1.74within the sector's middle half▲ 0.341.11within the sector's middle half▼ 0.631.02within the sector's middle half▼ 0.090.69below the sector's middle half▼ 0.33
Return on assets (ROA)37.7%above the sector's middle half-2.1%within the sector's middle half▼ 35.6pp-25.7%below the sector's middle half▼ 27.8pp2.3%within the sector's middle half▲ 28.1pp9.2%within the sector's middle half▲ 6.9pp
Staff (FTE)0.2-1.3▲ 550%0.8
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the 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 31% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74,935
Fixed assets
€39,371 ▼ 15.4%
Current assets
€35,564 ▼ 50.6%
Equity and liabilities €74,935
Equity
€8,908 ▼ 36.1%
Debt
€66,027 ▼ 36.9%
Debt's share of the balance-sheet total falls from 88.2% to 88.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€23,269▲
2024 · €20,356
Cash flow
€14,049▲
2024 · €10,817
Quick ratio
0.68▼
2024 · 0.97
Debt to equity
7.41▼
2024 · 7.50
ROE
77.5%▲
2024 · 19.7%
Interest coverage
3.97▲
2024 · 2.29
Debt ≤ 1 year
€51,494▼
2024 · €70,843
Debt > 1 year
€13,950▼
2024 · €33,738
Income taxes
€3,404▲
2024 · €659
Staff costs
€1,333▼
2024 · €14,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 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 higher bankruptcy probability: 3.1% 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 497,662 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% | 1.7% |
| 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 75% 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 6,706 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €439,421 | €385,437 | €432,180 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €378,342 | €346,660 | €395,968 | - | - | - |
| Remuneration, social security and pensions62 | €1,826 | €24,856 | €50,139 | €14,203 | €1,333 | ▼ 90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,752 | €4,057 | €5,340 | €8,065 | €7,141 | ▼ 11.5% |
| Other operating charges640/8 | €4,214 | €2,471 | €13,058 | €7,877 | €25,385 | ▲ 222% |
| Gross operating margin9900 | €64,177 | €38,777 | €36,212 | €42,435 | €49,988 | ▲ 17.8% |
| Operating profit (loss)9901 | €55,386 | €7,393 | -€32,325 | €12,291 | €16,128 | ▲ 31.2% |
| Financial income75/76B | €1 | €3 | €2 | €0 | €47 | ▲ 117,000% |
| Recurring financial income75 | €1 | €3 | €2 | €0 | €47 | ▲ 117,000% |
| Financial charges65/66B | €100 | €734 | €5,083 | €8,879 | €5,863 | ▼ 34.0% |
| Recurring financial charges65 | €100 | €734 | €5,083 | €8,879 | €5,863 | ▼ 34.0% |
| Profit (loss) for the period before taxes9903 | €55,287 | €6,662 | -€37,405 | €3,411 | €10,312 | ▲ 202% |
| Income taxes67/77 | €11,689 | €3,477 | €180 | €659 | €3,404 | ▲ 416% |
| Profit (loss) for the period9904 | €43,598 | €3,186 | -€37,585 | €2,752 | €6,908 | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €43,598 | €3,186 | -€37,585 | €2,752 | €6,908 | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,516 | €150,888 | €146,032 | €118,532 | €74,935 | ▼ 36.8% |
| Fixed assets21/28 | €17,622 | €13,565 | €54,578 | €46,513 | €39,371 | ▼ 15.4% |
| Intangible fixed assets21 | - | - | €48,740 | €43,740 | €38,740 | ▼ 11.4% |
| Tangible fixed assets22/27 | €13,522 | €9,465 | €5,838 | €2,773 | €632 | ▼ 77.2% |
| Plant, machinery and equipment23 | €4,937 | €2,931 | €1,355 | €340 | €250 | ▼ 26.6% |
| Furniture and vehicles24 | €8,585 | €6,534 | €4,483 | €2,433 | €382 | ▼ 84.3% |
| Financial fixed assets28 | €4,100 | €4,100 | - | - | - | - |
| Current assets29/58 | €97,894 | €137,323 | €91,454 | €72,019 | €35,564 | ▼ 50.6% |
| Stocks and contracts in progress3 | - | - | €8,000 | €3,000 | €500 | ▼ 83.3% |
| Stocks30/36 | - | - | €8,000 | €3,000 | €500 | ▼ 83.3% |
| Amounts receivable within one year40/41 | €65,295 | €132,461 | €76,942 | €65,645 | €30,747 | ▼ 53.2% |
| Trade receivables40 | €55,118 | €109,876 | €68,942 | €57,645 | €22,747 | ▼ 60.5% |
| Other amounts receivable41 | €10,177 | €22,585 | €8,000 | €8,000 | €8,000 | = |
| Cash at bank and in hand54/58 | €29,739 | €1,905 | €5,212 | €2,024 | €4,317 | ▲ 113% |
| Deferred charges and accrued income490/1 | €2,861 | €2,957 | €1,300 | €1,350 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,516 | €150,888 | €146,032 | €118,532 | €74,935 | ▼ 36.8% |
| Equity10/15 | €45,598 | €48,784 | €11,198 | €13,950 | €8,908 | ▼ 36.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €43,598 | €46,784 | €9,198 | €11,950 | €6,908 | ▼ 42.2% |
| Distributable reserves133 | €43,598 | €46,784 | €9,198 | €11,950 | €6,908 | ▼ 42.2% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €69,918 | €102,104 | €134,834 | €104,581 | €66,027 | ▼ 36.9% |
| Amounts payable after more than one year17 | - | €23,168 | €52,243 | €33,738 | €13,950 | ▼ 58.7% |
| Financial debts170/4 | - | €23,168 | €52,243 | €33,738 | €13,950 | ▼ 58.7% |
| Amounts payable within one year42/48 | €69,918 | €78,936 | €82,591 | €70,843 | €51,494 | ▼ 27.3% |
| Current portion of amounts payable after more than one year42 | - | €5,549 | €17,296 | €18,504 | €19,788 | ▲ 6.9% |
| Financial debts43 | - | - | €6,697 | €7,100 | €7,242 | ▲ 2.0% |
| Credit institutions430/8 | - | - | €6,697 | €7,100 | €7,242 | ▲ 2.0% |
| Trade debts44 | €46,279 | €48,887 | €24,486 | €7,694 | €4,013 | ▼ 47.8% |
| Suppliers440/4 | €46,279 | €48,887 | €24,486 | €7,694 | €4,013 | ▼ 47.8% |
| Taxes, remuneration and social security45 | €23,639 | €24,500 | €9,351 | €13,079 | €8,580 | ▼ 34.4% |
| Taxes450/3 | €23,079 | €23,375 | €9,351 | €13,026 | €8,580 | ▼ 34.1% |
| Remuneration and social security454/9 | €560 | €1,125 | - | €53 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €24,760 | €24,467 | €11,871 | ▼ 51.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €583 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,598 | €3,186 | -€37,585 | €2,752 | €6,908 | ▲ 151% |
| + Depreciation and write-downs630 | €2,752 | €4,057 | €5,340 | €8,065 | €7,141 | ▼ 11.5% |
| Operating cash flow (approximation) | €46,350 | €7,243 | -€32,246 | €10,817 | €14,049 | ▲ 29.9% |
| Investment in fixed assets (approximation) | - | €0 | -€46,353 | €0 | €0 | - |
| Change in cash | - | -€27,834 | €3,307 | -€3,187 | €2,293 | ▲ 172% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,752
Net result €2,752 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€37,585
Net result drops to -€37,585, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
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, Lessines · 2 establishment units since 2020
Ground area
4,761 m²
Building footprint
136 m²
Volume, LiDAR
749 m³
2 parcels, Flanders, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
IMRO GROUP
since 20202.316.032.079
Frituur de 4 wegen
since 20232.349.762.741
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41043A0199/02B000 | Flanders | 4,073 m² | - | - |
| 55029D0144/00G000 | Wallonia | 688 m² | 1 · 136 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGeraardsbergen2.349.762.741
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Of 7,364 companies in sector 81210 we hold annual accounts for 2,741. 1,698 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
Founded19-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
56112Limited-service restaurants, excluding mobile food services
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750840574
Also
9925:BE0750840574
Registered
30-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.