Losses
-€783,079 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
IMSTATION
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €124,741 (2010)
€46,744▲ €139,102
lowest -€297,032 (2024)
-€231,067▲ €65,965
peak €5.9m (2022)
€5.1m▼ 4.3%
€4.3m▲ 10.7%
Board2 names since 2004
2 directorsMarie Pascale Bindels and 1 other
Documentsfilings and deeds
30-09-202661 days late
2025abbreviated format
Gross margin from -€92,358 to €46,744Loss of €231,067Investments €296,774Cash from €137,686 to €24,202
Key points
from the 2025 annual accountsTurnover
≈ €120,000 estimated
The accounts state no turnover.
Investments
€296,774 1.9 × depreciation
Green is investment, beige is depreciation.
Filings
35 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Group
15 companies controlled
Heads a group.
Position in the sector
-€231,067
Lower net result than 95% of companies in head offices and management consultancy. Sector median €37,500 · 10,856 companies.
Checked score
82
Excellent
Financially stronger than 22% of medium-sized companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 802 companies (NACE 70, medium-sized).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.7%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.6 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.70, cash €24,202, halved
Last filed accounts filed 61 days late; 3 of the last 3 accounts late
lowers risk
Founded in 1990
Size: total assets €10.3m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, medium-sized). It does better than 39% of them on solvency, 24% on liquidity, 8% on profitability and 17% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as IMSTATION has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of IMSTATION itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 830 companies, not a prediction for IMSTATION. 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.
Credit verdict
Credit of up to €410,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.7 (0.85 in 2024), below 1. Short-term debt is 27.8% and cash 0.2% of total assets. 50.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€231,067
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
61 days late
2023
70 days late
2022
60 days late
2021
89 days late
2020
89 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 71 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 2 companies, GROUPE CHOUX DE BRUXELLES and BOILER ROOM
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0442758874
Reappointments: Pascal Van Hamme (director) and Marie Pascale Bindels (director)
General meeting of 08-10-2022 · Gazette deed
First establishment
Brugmannlaan 429, Uccle
Incorporation
published on 09-01-1991 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IMSTATION Etterbeek | €10.3m | €46,744 | 49.3% | - |
| EMSENS MANAGEMENT SERVICE Uccle | €11.9m | €38,238 | 96.3% | - |
| BLUE NOTE Koekelberg | €7.9m | €49,482 | 95.3% | - |
| KAMA Antwerp | €10.0m | €44,081 | 28.4% | - |
| EIFEL - INVEST Bullange | €11.6m | €62,507 | 28.7% | - |
| TER DOOLEN Zonhoven | €6.8m | €46,557 | 99.9% | - |
| GAVINAS Braine-l'Alleud | €15.0m | €38,542 | 94.3% | - |
These companies have the same main activity as IMSTATION: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €6.8m and €15m, founded between 1982 and 1997.
Official details
Source: KBO- Status
- Active since 12-12-1990Normal situation
- Registered office
- 12 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.053.020.9351180 Uccle, since 04-03-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Insights on IMSTATION
IMSTATION files the abbreviated format. That format states no turnover. The gross margin fell from €48,911 in 2006 to €46,744 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IMSTATION
- What is the company number of IMSTATION?
- The company number of IMSTATION is 0442.758.874. The VAT number is the same number with BE in front: BE 0442.758.874.
- Where is IMSTATION based?
- The registered office is at Louis Schmidtlaan 1, 1040 Etterbeek.Company details
- What does IMSTATION do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of IMSTATION?
- IMSTATION is a public limited company (NV).
- When was IMSTATION founded?
- IMSTATION was founded on 12-12-1990.
- Is IMSTATION still active?
- Yes, IMSTATION is an active enterprise in the KBO register.
- What is the turnover of IMSTATION?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €46,744 and 69 comparable companies (NACE 70200). It probably lies between €75,000 and €180,000.Financials
- Is IMSTATION profitable?
- In financial year 2025, IMSTATION made a loss of €231,067.
- Where can I find the annual accounts of IMSTATION?
- IMSTATION filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IMSTATION due?
- IMSTATION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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