Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
IMMAS from Knokke-Heist, company number BE0460322111, closed financial year 2025 with a result of € -14,048 after tax. For that financial year IMMAS recorded a gross margin of € 23,708 and equity of € 381,923. Compared with financial year 2024, the result moved from € -12,169 to € -14,048. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ 381,923
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,048
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2,044
▼ 94% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 224,423.
Debts at end 2025
€ 111,691
▲ 21% vs 2024
Loans from banks and other lenders, long and short.
€ 294
▼ € 65,520 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 140
▼ 60% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 62,813 | € 29,674 | € 27,197 | € 23,708 | ▼ 13% |
| Profit after taxes | € 2,972 | € -10,829 | € -12,169 | € -14,048 | ▼ € 1,879 |
| Equity | € 418,969 | € 408,140 | € 395,971 | € 381,923 | ▼ 4% |
| Total debts | € 133,405 | € 125,495 | € 163,612 | € 117,459 | ▼ 28% |
| Cash | € 12,672 | € 9,177 | € 32,819 | € 2,044 | ▼ 94% |
| Land & buildings | € 555,439 | € 523,456 | € 563,973 | € 544,615 | ▼ 3% |
| Retained profit | € 261,469 | € 250,640 | € 238,471 | € 224,423 | ▼ 6% |
| Bank debt | € 124,638 | € 114,887 | € 92,113 | € 111,691 | ▲ 21% |
| Balance sheet total | € 634,077 | € 610,823 | € 632,413 | € 567,313 | ▼ 10% |
Key figures of IMMAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IMMAS?
What happened at IMMAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mathias Masure stepped down as director. NBB
- Philip Masure stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 14,048. filed late Source: NBB ↗
- Mathias Masure became a director. NBB
- Philip Masure became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,972 profit in 2022 to € 14,048 loss in 2025.
Paid € 410 in corporate taxes since 2022.
Best year ever: 2022, with € 2,972 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Mathias Masure
Director
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Graaf Jansdijk 44C box 12
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.322.111
- VAT number
- BE 0460.322.111
- Registered office
- Graaf Jansdijk 44C bus 12, 8300 Knokke-Heist
- Names & denominations
- IMMAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1997
- Peppol
- Active · Active since 9 Apr 2026