IMSA
ActiveSummary
IMSA has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €314. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▲+11
Solvency24=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.18 against 1.4 in 2024; short-term debt: 12.3% and cash: 0.2% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-0.7%
Return on assets
0.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 18400 sector peers (2025).
NBB · sector comparisonPosition among 18400 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-12-2025, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
10 d early
2023
71 d early
2022
28 d early
2021
34 d early
2020
31 d early
2019
32 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Financials · fiscal year 2025, micro schema
Turnover
€164k
EBIT margin
0.2%
Net result
€314
2024 · €-7k
Working capital
€6k▼ 59.3%
2024 · €16k
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
Turnover
Operating result€-11k€20k€8k▼ 60.1%€5k▼ 41.4%€13k▲ 182%
Net result€-12k▼ 314%€17k€6k▼ 64.8%€-7k€314
EBIT margin
Equity€-18k▼ 224%€-1k▲ 92.2%€4k€-2k€-2k▲ 14.3%
Total assets€37k▼ 11.8%€45k▲ 20.3%€47k▲ 5.4%€307k▲ 550%€290k▼ 5.6%
Debt€55k▲ 15.5%€46k▼ 16.3%€43k▼ 7.4%€309k▲ 623%€291k▼ 5.7%
Working capital€6k▼ 71.7%€21k▲ 230%€28k▲ 32.9%€16k▼ 44.3%€6k▼ 59.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 182% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€248k ▼ 1.7%
Current assets
€42k ▼ 23.4%
Key figures and ratios
EBITDA
€24k▲
2024 · €11k
Cash flow
€11k▲
2024 · €-408
Solvency
-0.7%▲
2024 · -0.7%
Current ratio
1.18▼
2024 · 1.40
Quick ratio
0.22▲
2024 · 0.17
ROA
0.1%▲
2024 · -2.2%
Interest coverage
1.91▲
2024 · 0.96
Debt ≤ 1 year
€36k▼
2024 · €39k
Debt > 1 year
€256k▼
2024 · €270k
Income taxes
€140▲
2024 · €132
A ratio outside any meaningful range has been withheld (balance sheet total €290k, equity €-2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €1k | €6k | €11k | ▲ 78.5% |
| Other operating charges640/8 | - | €1k | €3k | €5k | €2k | ▼ 61.0% |
| Gross operating margin9900 | €-8k | €23k | €12k | €16k | €26k | ▲ 64.3% |
| Operating profit (loss)9901 | €-11k | €20k | €8k | €5k | €13k | ▲ 182% |
| Financial income75/76B | - | €30 | €20 | €134 | €90 | ▼ 32.8% |
| Recurring financial income75 | €174 | €30 | €20 | €134 | €90 | ▼ 32.8% |
| Financial charges65/66B | - | €3k | €2k | €11k | €13k | ▲ 12.5% |
| Recurring financial charges65 | €1k | €3k | €2k | €11k | €13k | ▲ 12.5% |
| Profit (loss) for the period before taxes9903 | €-12k | €17k | €6k | €-7k | €453 | ▲ 107% |
| Income taxes67/77 | €143 | €152 | €454 | €132 | €140 | ▲ 6.1% |
| Profit (loss) for the period9904 | €-12k | €17k | €6k | €-7k | €314 | ▲ 105% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €17k | €6k | €-7k | €314 | ▲ 105% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37k | €45k | €47k | €307k | €290k | ▼ 5.6% |
| Fixed assets21/28 | €4k | €4k | €3k | €252k | €248k | ▼ 1.7% |
| Tangible fixed assets22/27 | €4k | €4k | €3k | €252k | €248k | ▼ 1.7% |
| Land and buildings22 | - | - | - | €247k | €245k | ▼ 1.0% |
| Plant, machinery and equipment23 | - | €4k | €3k | €5k | €3k | ▼ 39.2% |
| Current assets29/58 | €33k | €41k | €44k | €55k | €42k | ▼ 23.4% |
| Stocks and contracts in progress3 | €32k | €32k | €39k | €48k | €34k | ▼ 29.0% |
| Stocks30/36 | - | €32k | €39k | €48k | €34k | ▼ 29.0% |
| Amounts receivable within one year40/41 | - | €579 | - | €3k | €7k | ▲ 155% |
| Trade receivables40 | - | €123 | - | €2k | €253 | ▼ 84.7% |
| Other amounts receivable41 | - | €456 | - | €981 | €6k | ▲ 559% |
| Cash at bank and in hand54/58 | €668 | €7k | €5k | €3k | €453 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | - | €496 | - | €725 | €534 | ▼ 26.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37k | €45k | €47k | €307k | €290k | ▼ 5.6% |
| Equity10/15 | €-18k | €-1k | €4k | €-2k | €-2k | ▲ 14.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €-41k | €-24k | €-18k | €-25k | €-24k | ▲ 1.3% |
| Amounts payable17/49 | €55k | €46k | €43k | €309k | €291k | ▼ 5.7% |
| Amounts payable after more than one year17 | €28k | €27k | €27k | €270k | €256k | ▼ 5.2% |
| Financial debts170/4 | - | €27k | €27k | €270k | €256k | ▼ 5.2% |
| Amounts payable within one year42/48 | €27k | €19k | €16k | €39k | €36k | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €2k | - | €13k | €14k | ▲ 3.9% |
| Financial debts43 | - | - | - | €6k | €8k | ▲ 32.2% |
| Credit institutions430/8 | - | - | - | €6k | €8k | ▲ 32.2% |
| Trade debts44 | €8k | €10k | €5k | €9k | €5k | ▼ 48.4% |
| Suppliers440/4 | - | €10k | €5k | €9k | €5k | ▼ 48.4% |
| Taxes, remuneration and social security45 | - | €5k | €9k | €10k | €9k | ▼ 15.7% |
| Taxes450/3 | - | €3k | €9k | €9k | €9k | ▼ 2.3% |
| Remuneration and social security454/9 | - | €2k | - | €1k | - | - |
| Other amounts payable47/48 | - | €3k | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €17k | €6k | €-7k | €314 | ▲ 105% |
| + Depreciation and write-downs630 | €1k | €2k | €1k | €6k | €11k | ▲ 78.5% |
| Operating cash flow (approximation) | €-11k | €18k | €7k | €-408 | €11k | ▲ 2,901% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-255k | €-7k | ▲ 97.4% |
| Change in cash | - | €6k | €-2k | €-2k | €-3k | ▼ 40.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €314
Net result €314 after one loss-making year.
21-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
13-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 316 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Schoten · 1 establishment unit since 2017
Ground area
763 m²
Building footprint
348 m²
Volume, LiDAR
3,165 m³
2 parcels, Flanders · tallest building 15.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Boetiek Cami
since 20172.266.212.087
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11313B0848/00F015 | Flanders | 516 m² | 1 · 244 m² | 15.3 m · 5 fl. |
| 11442C0077/00D003 | Flanders | 247 m² | 1 · 104 m² | 9.3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Similar companies · same sector, comparable size
La Vitesse
BE 1001.833.618
Temse · Eq €4,472
MANIS
BE 0676.824.824
Schaarbeek · Eq €4,405
Dresscodes
BE 0686.743.073
Putte · Eq €4,404
Antoine Lhermitte & Co
BE 0506.901.214
Bastogne · Eq €4,387
BE.ES FASHION COMPANY
BE 0814.793.763
Schoten · Eq €4,518
Of 6,498 companies in sector 47716 we hold annual accounts for 2,438. 865 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
Founded06-08-1997
Fiscal year end30-06
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.