IMWO
ActiveSummary
The computed 12-month bankruptcy probability of IMWO is 1.7% (moderate). The 2025 annual accounts show negative equity (€-4k) and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 27965 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency9▼-23
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.97 in 2024; short-term debt: 116% and cash: 14.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · 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
-16%
Return on assets
-25.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-4k
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
17 d late
2024
38 d early
2023
58 d early
2022
32 d early
2021
18 d early
2020
51 d early
2019
46 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k
2024 · €2k
2018: €17k
2019: €28k▲ +66.8% vs 2018
2020: €28k▲ +0.9% vs 2019highest in 8 years
2021: €13k▼ -55.1% vs 2020
2022: €-6k▼ -146% vs 2021
2023: €-13k▼ -116% vs 2022lowest in 8 years
2024: €2k▲ +116% vs 2023
2025: €-4k▼ -272% vs 2024
2018 → 2025
Total assets
€23k▼ 23.6%
2024 · €30k
2018: €28k
2019: €44k▲ +57.4% vs 2018
2020: €56k▲ +26.4% vs 2019highest in 8 years
2021: €39k▼ -29.8% vs 2020
2022: €20k▼ -48.1% vs 2021
2023: €15k▼ -28.0% vs 2022lowest in 8 years
2024: €30k▲ +102% vs 2023
2025: €23k▼ -23.6% vs 2024
2018 → 2025
Net result
€-6k
2024 · €15k
2018: €9k
2019: €11k▲ +24.4% vs 2018
2020: €255▼ -97.8% vs 2019
2021: €-16k▼ -6264% vs 2020
2022: €-19k▼ -19.2% vs 2021lowest in 8 years
2023: €-7k▲ +63.4% vs 2022
2024: €15k▲ +317% vs 2023highest in 8 years
2025: €-6k▼ -138% vs 2024
2018 → 2025
Working capital
€-15k▼ 1,786%
2024 · €-803
2018: €14k
2019: €24k▲ +76.2% vs 2018highest in 8 years
2020: €14k▼ -40.1% vs 2019
2021: €4k▼ -70.1% vs 2020
2022: €-11k▼ -359% vs 2021
2023: €-16k▼ -45.4% vs 2022lowest in 8 years
2024: €-803▲ +95.0% vs 2023
2025: €-15k▼ -1786% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€-6k€-13k▼ 116%€2k€-4k
2021: €13khighest in 5 years
2022: €-6k▼ -146% vs 2021
2023: €-13k▼ -116% vs 2022lowest in 5 years
2024: €2k▲ +116% vs 2023
2025: €-4k▼ -272% vs 2024
Operating result€-16k-€-19k▼ 18.6%€-7k▲ 63.5%€15k€-5k
2021: €-16k
2022: €-19k▼ -18.6% vs 2021lowest in 5 years
2023: €-7k▲ +63.5% vs 2022
2024: €15k▲ +320% vs 2023highest in 5 years
2025: €-5k▼ -130% vs 2024
Net result€-16k-€-19k▼ 19.2%€-7k▲ 63.4%€15k€-6k
2021: €-16k
2022: €-19k▼ -19.2% vs 2021lowest in 5 years
2023: €-7k▲ +63.4% vs 2022
2024: €15k▲ +317% vs 2023highest in 5 years
2025: €-6k▼ -138% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €15k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€12k ▲ 297%
Current assets
€11k ▼ 58.6%
Key figures and ratios
EBITDA
€-257▼
2024 · €15k
Cash flow
€-1k▼
2024 · €15k
Solvency
-16.0%▼
2024 · 7.1%
Current ratio
0.42▼
2024 · 0.97
Debt to equity
-7.26▼
2024 · 13.09
ROA
-25.3%▼
2024 · 50.2%
Interest coverage
-0.20▼
2024 · 189.78
Debt
€26k▼
2024 · €27k
Debt ≤ 1 year
€26k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30k€23k▼
Fixed assets21/28€3k€12k▲
Tangible fixed assets22/27€3k€12k▲
Furniture and vehicles24-€9k
Other tangible fixed assets26€3k€2k▼
Current assets29/58€27k€11k▼
Amounts receivable within one year40/41€15k€7k▼
Trade receivables40€13k€6k▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€12k€3k▼
Deferred charges and accrued income490/1€151€635▲
Equity and liabilities
Total equity and liabilities10/49€30k€23k▼
Equity10/15€2k€-4k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-4k€-10k▼
Amounts payable17/49€27k€26k▼
Amounts payable within one year42/48€27k€26k▼
Trade debts44€2k€2k=
Suppliers440/4€2k€2k=
Other amounts payable47/48€26k€25k▼
Income statement
Code20242025
Non-recurring operating income76A-€16k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€466€4k▲
Other operating charges640/8€977€780▼
Gross operating margin9900€16k€524▼
Operating profit (loss)9901€15k€-5k▼
Financial income75/76B€0€62▲
Recurring financial income75€0€62▲
Financial charges65/66B€81€1k▲
Recurring financial charges65€81€1k▲
Profit (loss) for the period before taxes9903€15k€-6k▼
Profit (loss) for the period9904€15k€-6k▼
Profit (loss) for the period to be appropriated9905€15k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-10k▼
Profit (loss) brought forward from the previous period14P€-19k€-4k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €16k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €5k | €2k | €466 | €4k | ▲ 813% |
| Other operating charges640/8 | €678 | €744 | €1k | €977 | €780 | ▼ 20.1% |
| Gross operating margin9900 | €-9k | €-13k | €-4k | €16k | €524 | ▼ 96.8% |
| Operating profit (loss)9901 | €-16k | €-19k | €-7k | €15k | €-5k | ▼ 130% |
| Financial income75/76B | €18 | €0 | - | €0 | €62 | ▲ 27,959% |
| Recurring financial income75 | €18 | €0 | - | €0 | €62 | ▲ 27,959% |
| Financial charges65/66B | €44 | €126 | €55 | €81 | €1k | ▲ 1,452% |
| Recurring financial charges65 | €44 | €126 | €55 | €81 | €1k | ▲ 1,452% |
| Profit (loss) for the period before taxes9903 | €-16k | €-19k | €-7k | €15k | €-6k | ▼ 138% |
| Profit (loss) for the period9904 | €-16k | €-19k | €-7k | €15k | €-6k | ▼ 138% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-19k | €-7k | €15k | €-6k | ▼ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39k | €20k | €15k | €30k | €23k | ▼ 23.6% |
| Fixed assets21/28 | €9k | €5k | €3k | €3k | €12k | ▲ 297% |
| Tangible fixed assets22/27 | €9k | €5k | €3k | €3k | €12k | ▲ 297% |
| Plant, machinery and equipment23 | €1k | €549 | - | - | - | - |
| Furniture and vehicles24 | €5k | €797 | - | - | €9k | - |
| Other tangible fixed assets26 | €3k | €4k | €3k | €3k | €2k | ▼ 16.1% |
| Current assets29/58 | €31k | €15k | €11k | €27k | €11k | ▼ 58.6% |
| Amounts receivable within one year40/41 | €13k | €6k | €7k | €15k | €7k | ▼ 51.3% |
| Trade receivables40 | €13k | €5k | €7k | €13k | €6k | ▼ 51.8% |
| Other amounts receivable41 | €186 | €822 | €597 | €2k | €1k | ▼ 48.6% |
| Cash at bank and in hand54/58 | €12k | €7k | €4k | €12k | €3k | ▼ 72.7% |
| Deferred charges and accrued income490/1 | €6k | €2k | - | €151 | €635 | ▲ 320% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39k | €20k | €15k | €30k | €23k | ▼ 23.6% |
| Equity10/15 | €13k | €-6k | €-13k | €2k | €-4k | ▼ 272% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €7k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €5k | - | - | - | - | - |
| Profit (loss) carried forward14 | - | €-14k | €-19k | €-4k | €-10k | ▼ 139% |
| Amounts payable17/49 | €26k | €26k | €27k | €27k | €26k | ▼ 4.7% |
| Amounts payable within one year42/48 | €26k | €26k | €27k | €27k | €26k | ▼ 4.7% |
| Trade debts44 | - | €32 | €1k | €2k | €2k | = |
| Suppliers440/4 | - | €32 | €1k | €2k | €2k | = |
| Other amounts payable47/48 | €26k | €26k | €26k | €26k | €25k | ▼ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-19k | €-7k | €15k | €-6k | ▼ 138% |
| + Depreciation and write-downs630 | €6k | €5k | €2k | €466 | €4k | ▲ 813% |
| Operating cash flow (approximation) | €-10k | €-14k | €-5k | €15k | €-1k | ▼ 109% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-13k | - |
| Change in cash | - | €-4k | €-3k | €8k | €-8k | ▼ 209% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €15k
Net result €15k after 3 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · 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, Rumst · 1 establishment unit since 2017
Ground area
1,519 m²
Building footprint
155 m²
Volume, LiDAR
595 m³
Parcel 11037B0377/00E000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IMWO
since 20172.262.109.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11037B0377/00E000 | Flanders | 1,519 m² | 1 · 155 m² | 10.1 m · 1 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 1,540 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
Founded21-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
43310Plastering work
43341Painting of buildings
43343Specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.