IMS ELEC
ActiveSummary
The computed 12-month bankruptcy probability of IMS ELEC is 4.9% (elevated). The 2025 annual accounts show negative equity (-€69,700) and a net result of -€43,720. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 1.0 in 2024; short-term debt: 213.1% and cash: 27.8% of total assets), and equity is negative.
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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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-153.9%
Return on assets
-96.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€69,700
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 12-06-2026, 49 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
49 d early
2024
22 d late
2023
43 d late
2022
16 d late
2021
23 d early
← 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 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 16 August (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€69,700▼ 168%
2024 · -€25,980
Total assets
€45,296▼ 38.6%
2024 · €73,730
Net result
-€43,720▼ 15.5%
2024 · -€37,858
Working capital
-€51,438
2024 · €41
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result€7,575-€6,314▼ 16.6%-€1,260-€36,320▼ 2,782%-€42,137▼ 16.0%
Net result€5,670within the sector's middle half-€5,031within the sector's middle half▼ 11.3%-€1,824below the sector's middle half-€37,858below the sector's middle half▼ 1,976%-€43,720below the sector's middle half▼ 15.5%
Equity€8,670below the sector's middle half-€13,701below the sector's middle half▲ 58.0%€11,878below the sector's middle half▼ 13.3%-€25,980below the sector's middle half-€69,700below the sector's middle half▼ 168%
Total assets€11,646below the sector's middle half-€43,960below the sector's middle half▲ 277%€105,250within the sector's middle half▲ 139%€73,730within the sector's middle half▼ 29.9%€45,296below the sector's middle half▼ 38.6%
Debt€2,976-€30,259▲ 917%€93,372▲ 209%€99,710▲ 6.8%€114,997▲ 15.3%
Working capital€8,089within the sector's middle half-€13,027within the sector's middle half▲ 61.0%€11,535within the sector's middle half▼ 11.5%€41below the sector's middle half▼ 99.6%-€51,438below the sector's middle half
Solvency74.4%above the sector's middle half-31.2%within the sector's middle half▼ 43.3pp11.3%below the sector's middle half▼ 19.9pp-35.2%below the sector's middle half▼ 46.5pp-153.9%below the sector's middle half▼ 118.6pp
Current ratio3.72above the sector's middle half-1.43within the sector's middle half▼ 2.291.12within the sector's middle half▼ 0.311.00below the sector's middle half▼ 0.120.47below the sector's middle half▼ 0.53
Return on assets (ROA)48.7%above the sector's middle half-11.4%within the sector's middle half▼ 37.2pp-1.7%below the sector's middle half▼ 13.2pp-51.3%below the sector's middle half▼ 49.6pp-96.5%below the sector's middle half▼ 45.2pp
Staff (FTE)0.31▲ 233%1
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result stays negative: a loss of €42,137 in 2025 against €36,320 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €45,296
Fixed assets
€206 ▼ 50.7%
Current assets
€45,091 ▼ 38.5%
Key figures and ratios
EBITDA
-€41,926▼
2024 · -€35,939
Cash flow
-€43,508▼
2024 · -€37,477
Quick ratio
0.33▼
2024 · 0.81
Debt to equity
-1.65▲
2024 · -3.84
Interest coverage
-26.39▼
2024 · -23.21
Debt ≤ 1 year
€96,529▲
2024 · €73,272
Debt > 1 year
€18,468▼
2024 · €26,390
Staff costs
€46,040▼
2024 · €46,868
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,010 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10,527 | €40,939 | €46,868 | €46,040 | ▼ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,014 | €272 | €331 | €381 | €211 | ▼ 44.5% |
| Other operating charges640/8 | - | €886 | - | €921 | €400 | ▼ 56.6% |
| Gross operating margin9900 | €8,588 | €17,998 | €40,010 | €11,849 | €4,514 | ▼ 61.9% |
| Operating profit (loss)9901 | €7,575 | €6,314 | -€1,260 | -€36,320 | -€42,137 | ▼ 16.0% |
| Financial income75/76B | €100 | €157 | €214 | €11 | €6 | ▼ 42.6% |
| Recurring financial income75 | €100 | €157 | €214 | €11 | €6 | ▼ 42.6% |
| Financial charges65/66B | €1 | €190 | €284 | €1,548 | €1,589 | ▲ 2.6% |
| Recurring financial charges65 | €1 | €190 | €284 | €1,548 | €1,589 | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €7,673 | €6,281 | -€1,330 | -€37,858 | -€43,720 | ▼ 15.5% |
| Income taxes67/77 | €2,003 | €1,250 | €494 | - | - | - |
| Profit (loss) for the period9904 | €5,670 | €5,031 | -€1,824 | -€37,858 | -€43,720 | ▼ 15.5% |
| Profit (loss) for the period to be appropriated9905 | €5,670 | €5,031 | -€1,824 | -€37,858 | -€43,720 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,646 | €43,960 | €105,250 | €73,730 | €45,296 | ▼ 38.6% |
| Fixed assets21/28 | €581 | €675 | €343 | €417 | €206 | ▼ 50.7% |
| Tangible fixed assets22/27 | €581 | €675 | €343 | €417 | €206 | ▼ 50.7% |
| Plant, machinery and equipment23 | €581 | €675 | €343 | €417 | €206 | ▼ 50.7% |
| Current assets29/58 | €11,065 | €43,286 | €104,907 | €73,313 | €45,091 | ▼ 38.5% |
| Stocks and contracts in progress3 | - | €7,185 | €13,597 | €13,597 | €13,597 | = |
| Stocks30/36 | - | €7,185 | €13,597 | €13,597 | €13,597 | = |
| Amounts receivable within one year40/41 | €9,669 | €36,027 | €86,782 | €54,356 | €18,887 | ▼ 65.3% |
| Trade receivables40 | €9,599 | €25,687 | €80,588 | €46,525 | €16,825 | ▼ 63.8% |
| Other amounts receivable41 | €70 | €10,340 | €6,194 | €7,831 | €2,062 | ▼ 73.7% |
| Cash at bank and in hand54/58 | €1,397 | €74 | €4,528 | €5,359 | €12,579 | ▲ 135% |
| Deferred charges and accrued income490/1 | - | - | - | - | €27 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,646 | €43,960 | €105,250 | €73,730 | €45,296 | ▼ 38.6% |
| Equity10/15 | €8,670 | €13,701 | €11,878 | -€25,980 | -€69,700 | ▼ 168% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €5,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | €5,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €670 | €701 | -€1,122 | -€38,980 | -€82,700 | ▼ 112% |
| Amounts payable17/49 | €2,976 | €30,259 | €93,372 | €99,710 | €114,997 | ▲ 15.3% |
| Amounts payable after more than one year17 | - | - | - | €26,390 | €18,468 | ▼ 30.0% |
| Financial debts170/4 | - | - | - | €26,390 | €18,468 | ▼ 30.0% |
| Amounts payable within one year42/48 | €2,976 | €30,259 | €93,372 | €73,272 | €96,529 | ▲ 31.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,566 | €7,922 | ▲ 4.7% |
| Trade debts44 | €160 | €8,338 | €30,824 | €2,090 | €7,082 | ▲ 239% |
| Suppliers440/4 | €160 | €8,338 | €30,824 | €2,090 | €7,082 | ▲ 239% |
| Advances received on contracts in progress46 | - | - | €10,000 | - | - | - |
| Taxes, remuneration and social security45 | €2,726 | €4,970 | €1,772 | €4,332 | €1,000 | ▼ 76.9% |
| Taxes450/3 | €2,003 | €3,253 | €694 | - | - | - |
| Remuneration and social security454/9 | €722 | €1,717 | €1,078 | €4,332 | €1,000 | ▼ 76.9% |
| Other amounts payable47/48 | €91 | €16,951 | €50,776 | €59,284 | €80,524 | ▲ 35.8% |
| Accrued charges and deferred income492/3 | - | - | - | €48 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,670 | €5,031 | -€1,824 | -€37,858 | -€43,720 | ▼ 15.5% |
| + Depreciation and write-downs630 | €1,014 | €272 | €331 | €381 | €211 | ▼ 44.5% |
| Operating cash flow (approximation) | €6,684 | €5,303 | -€1,492 | -€37,477 | -€43,508 | ▼ 16.1% |
| Investment in fixed assets (approximation) | - | -€365 | €0 | -€455 | €0 | ▲ 100% |
| Change in cash | - | -€1,323 | €4,454 | €831 | €7,220 | ▲ 768% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€43,720
Net result drops to -€43,720, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
08-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Waterloo · 1 establishment unit since 2021
Ground area
2,233 m²
Building footprint
564 m²
Volume, LiDAR
8,739 m³
Parcel 25763L0611/00L003, Wallonia · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
IMS ELEC
since 20212.316.136.801
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0611/00L003 | Wallonia | 2,233 m² | 1 · 564 m² | 18.4 m · 5 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.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 5,998 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
Founded14-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43120Site preparation
43230Insulation installation
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766692453
Registered
15-11-2024
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.