Checked.be
Active
BE 0843.376.792Private limited company
IMVERSA
Smederijstraat 32 ·2900 Schoten, Belgium· 14 yrs active
Sector: Plumbing work
(43221)
Conclusion
IMVERSA has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.02M and a net result of €610k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.02M |
| Net result | €610k |
| Staff (FTE) | 22.2 |
| Better than sector | 52% |
Financial profile
92
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
100
Solvency
90
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€95k
estimate, not credit advice
Score history
86
2021
86
2022
100
2023
45
2024
94
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.32 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.03 (≥ 1.0)
+5
Leverage
Debt/equity 1.20 (< 2.0)
+3
Profitability
ROE 60% (≥ 10%)
+10
Interest coverage
Interest coverage 23.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.5% | 44.0% | |
| Net result | €610k | €30k | |
| Equity | €1.02M | €276k | |
| Gross operating margin | €2.03M | €275k | |
| Staff costs | €1.15M | €244k |
€865k
-
21-25
€610k
-
21-25
€697k
-
21-25
€2.25M
+29.2%
21-25
€1.02M
+75.2%
21-25
€1.12M
+82.0%
21-25
22
0.0%
21-25
€1.15M
-4.8%
21-25
€131k
+6281.2%
21-25
€186k
+56.4%
21-25
€1.23M
+6.0%
21-25
€850k
+7.1%
21-25
€376k
+3.7%
21-25
2.32
+30.6%
21-25
2.03
+37.0%
21-25
45.5%
+35.6%
21-25
1.20
-39.5%
21-25
59.5%
-
21-25
27.1%
-
21-25
23.57
-
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €865k | €-9k | €349k | €269k | €423k |
| Net profit | €610k | €-116k | €182k | €136k | €254k |
| Cash flow | €697k | €-32k | €244k | €199k | €314k |
| Staff costs | €1.15M | €1.21M | €1.19M | €1.09M | €1.05M |
| Income taxes | €131k | €2k | €72k | €55k | €90k |
| Dividends | - | €186k | €119k | €72k | - |
| Total assets | €2.25M | €1.74M | €1.72M | €1.72M | €1.56M |
| Equity | €1.02M | €585k | €887k | €824k | €760k |
| Debt | €1.23M | €1.16M | €829k | €895k | €795k |
| of which ≤ 1y | €850k | €794k | €657k | €617k | €539k |
| of which > 1y | €376k | €363k | €172k | €278k | €256k |
| Working capital | €1.12M | €614k | €754k | €800k | €690k |
| Employees (FTE) | 22.2 | 22.2 | 21.6 | 22.2 | 21.7 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.32 | 1.77 | 2.15 | 2.30 | 2.28 |
| Quick ratio | 2.03 | 1.48 | 1.73 | 1.89 | 1.85 |
| Working capital ratio | 49.7% | 35.3% | 43.9% | 46.6% | 44.4% |
| Solvency | 45.5% | 33.6% | 51.7% | 47.9% | 48.9% |
| Debt / equity | 1.20 | 1.98 | 0.94 | 1.09 | 1.05 |
| Long-term debt ratio | 0.37 | 0.62 | 0.19 | 0.34 | 0.34 |
| Interest coverage | 23.57 | -0.43 | 10.28 | 15.07 | 20.90 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 27.1% | -6.7% | 10.6% | 7.9% | 16.4% |
| ROE | 59.5% | -19.8% | 20.5% | 16.5% | 33.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €2.25M | €1.74M | €1.72M | €1.72M | €1.56M |
| Fixed assets | 21/28 | €283k | €334k | €305k | €301k | €326k |
| Intangible fixed assets | 21 | €12k | €17k | €6k | €11k | €16k |
| Tangible fixed assets | 22/27 | €268k | €314k | €292k | €284k | €304k |
| Financial fixed assets | 28 | €3k | €3k | €6k | €6k | €6k |
| Current assets | 29/58 | €1.97M | €1.41M | €1.41M | €1.42M | €1.23M |
| Stocks & contracts in progress | 3 | €244k | €233k | €272k | €250k | €229k |
| Amounts receivable within one year | 40/41 | €991k | €1.15M | €851k | €1.03M | €847k |
| Cash & bank | 54/58 | €733k | €25k | €288k | €136k | €142k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.25M | €1.74M | €1.72M | €1.72M | €1.56M |
| Equity | 10/15 | €1.02M | €585k | €887k | €824k | €760k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €1.02M | €579k | €880k | €818k | €754k |
| Amounts payable | 17/49 | €1.23M | €1.16M | €829k | €895k | €795k |
| Amounts payable after one year | 17 | €376k | €363k | €172k | €278k | €256k |
| Amounts payable within one year | 42/48 | €850k | €794k | €657k | €617k | €539k |
| Trade debts payable within one year | 44 | €533k | €575k | €456k | €409k | €291k |
| Income statement | ||||||
| Gross operating margin | 9900 | €2.03M | €1.21M | €1.55M | €1.37M | €1.48M |
| Operating result | 9901 | €778k | €-93k | €287k | €206k | €363k |
| Financial income | 75 | €391 | €594 | €550 | €3k | €1k |
| Financial charges | 65 | €37k | €21k | €34k | €18k | €20k |
| Result before taxes | 9903 | €741k | €-114k | €254k | €191k | €344k |
| Income taxes | 67/77 | €131k | €2k | €72k | €55k | €90k |
| Net result for the period | 9904 | €610k | €-116k | €182k | €136k | €254k |
| Result to be appropriated | 9905 | €610k | €-116k | €182k | €136k | €254k |
Legal Structure
| NACE primary | Plumbing work(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2012 |
| Status | Active |
| Postal code | 2900 |
Establishment units
IMVERSA
since 20122.207.317.251
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040A0001/00W106 | Flanders | 4,243 m² | 1 · 665 m² | 7.6 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 18 days late
2025
31-12
Financial
Back to profitnet €610k
Net result €610k after one loss-making year.
31-12
Financial
Equity above €1MEq €1.02M ▲75.2%
Equity rises from €585k to €1.02M.
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 55 days late
2024
31-12
Financial
Weakest financial yearnet €-116k ▼164%
Net result drops to €-116k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 27 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Plumbing work43221
Names & trade names
| Legal nameNL | IMVERSA |
Similar companies
WAELKENS GABY
BE 0443.789.648 · Ingelmunster
THEVISSEN CV & SANITAIR
BE 0678.758.290 · Dilsen-Stokkem
MOENS
BE 0456.273.746 · Waasmunster
OLIVIER GILBERT
BE 0442.017.320 · Fleurus
Andy Raes
BE 0644.629.534 · Haaltert