ACTIVE

IM ASSOCIATES

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Financial year 2025 · closed on 31/12/2025

Net result

929,6 k €

+89.0% YoY

Gross margin

3,1 M €

+29.9% YoY

Equity

786,9 k €

-8.2% YoY

Workforce

18,5 ETP

-3.1% YoY

What does IM ASSOCIATES do?

IM ASSOCIATES is a Private limited company incorporated in 1998. Its main activity is: Management consultancy activities. Its registered office is in Zaventem. It employs on average 18,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.554.477

Incorporation

09/11/1998

Legal form

Private limited company

Registered office

Da Vincilaan 7
1930 Zaventem · FlandreSee on map

Contributed capital

11 345,70 €

Latest accounts

31/12/2025

Average workforce

18,5 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities 74142Specialised design activities+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	3,1 M €	+29.9%	2,4 M €	-23.1%	3,1 M €	+52.4%	2 M €	+1.2%	2 M €	+15.6%	1,7 M €	+19.0%	1,4 M €	+16.9%	1,2 M €	+3.1%	1,2 M €	+30.7%	920,1 k €	+55.3%	592,3 k €	+59.6%	371,2 k €	-20.2%	465,3 k €	-5.9%	494,3 k €	-25.3%	662 k €	-16.2%	790 k €	-14.3%	921,8 k €	+34.2%	686,7 k €	+33.5%	514,4 k €
EBITDA	1,3 M €	+75.6%	761,7 k €	-6.9%	818,5 k €	+27.1%	643,8 k €	-27.1%	882,9 k €	+4.6%	843,7 k €	+14.2%	738,6 k €	+8.5%	680,9 k €	+10.5%	616,2 k €	+19.0%	517,9 k €	+63.0%	317,8 k €	+27.2%	249,8 k €	-18.4%	306,2 k €	+55.9%	196,4 k €	-18.8%	241,7 k €	+11.5%	216,7 k €	-63.1%	586,9 k €	+34.2%	437,3 k €	+26.3%	346,1 k €
Operating result	1,3 M €	+80.9%	714,2 k €	+0.8%	708,3 k €	+55.9%	454,3 k €	-34.2%	690,8 k €	+14.3%	604,5 k €	+30.8%	462,3 k €	+2.2%	452,2 k €	+4.6%	432,4 k €	+12.3%	385,1 k €	+57.2%	245 k €	+42.7%	171,7 k €	-29.0%	242 k €	+97.3%	122,6 k €	-35.1%	189 k €	+38.1%	136,9 k €	-73.1%	508,4 k €	+39.7%	363,9 k €	+11.1%	327,5 k €
Net result	929,6 k €	+89.0%	491,8 k €	-0.3%	493,3 k €	+49.6%	329,7 k €	-35.1%	508,1 k €	+29.2%	393,2 k €	+22.4%	321,2 k €	+26.0%	254,9 k €	-0.9%	257,2 k €	+9.8%	234,2 k €	+57.9%	148,3 k €	+46.8%	101 k €	-29.8%	143,8 k €	+155%	56,5 k €	-43.0%	99,1 k €	+55.7%	63,7 k €	-79.5%	311 k €	+39.5%	222,9 k €	+11.3%	200,3 k €
Balance sheet
Equity	786,9 k €	-8.2%	857,3 k €	-0.9%	865,5 k €	-39.3%	1,4 M €	+5.9%	1,3 M €	+29.7%	1 M €	+22.9%	843,8 k €	+17.1%	720,3 k €	+6.9%	673,9 k €	+7.8%	625,2 k €	+4.3%	599,6 k €	+2.3%	586,3 k €	+1.9%	575,3 k €	+4.3%	551,5 k €	+1.2%	545 k €	+1.7%	535,9 k €	+6.7%	502,3 k €	+25.2%	401,3 k €	+34.5%	298,4 k €
Total assets	2,6 M €	+14.5%	2,3 M €	+5.6%	2,2 M €	-45.8%	4 M €	+7.5%	3,7 M €	+30.0%	2,8 M €	-11.7%	3,2 M €	+3.1%	3,1 M €	+7.3%	2,9 M €	+38.1%	2,1 M €	+54.3%	1,4 M €	+13.1%	1,2 M €	-10.2%	1,3 M €	+8.4%	1,2 M €	-7.2%	1,3 M €	+0.5%	1,3 M €	-4.2%	1,4 M €	+41.3%	980,9 k €	+35.2%	725,5 k €
Cash	531,2 k €	-10.3%	592,3 k €	+29.9%	456 k €	-10.5%	509,3 k €	-32.1%	750,4 k €	+50.4%	499 k €	+192%	171 k €	-70.1%	571,4 k €	+76.7%	323,3 k €	-41.4%	552,1 k €	+71.7%	321,5 k €	+31.3%	244,8 k €	-39.1%	401,8 k €	+98.0%	202,9 k €	-11.5%	229,2 k €	+4.4%	219,6 k €	-43.1%	385,7 k €	+256%	108,3 k €	-25.6%	145,6 k €
Debts	1,8 M €	+59.9%	1,1 M €	+4.8%	1,1 M €	-57.0%	2,5 M €	+11.9%	2,2 M €	+38.8%	1,6 M €	-23.9%	2,1 M €	-3.7%	2,2 M €	+7.5%	2 M €	+74.6%	1,2 M €	+63.3%	711,2 k €	+24.1%	573,3 k €	-17.9%	698 k €	+4.9%	665,1 k €	-14.8%	780,9 k €	-0.7%	786,1 k €	-10.9%	882 k €	+52.6%	577,8 k €	+36.2%	424,2 k €
Other
Workforce	18,5 ETP	-3.1%	19,1 ETP	+1.6%	18,8 ETP	+4.4%	18,0 ETP	+11.8%	16,1 ETP	+38.8%	11,6 ETP	+6.4%	10,9 ETP	+28.2%	8,5 ETP	-7.6%	9,2 ETP	+67.3%	5,5 ETP	+19.6%	4,6 ETP	+142%	1,9 ETP	-34.5%	2,9 ETP	-25.6%	3,9 ETP	-30.4%	5,6 ETP	-22.2%	7,2 ETP	+26.3%	5,7 ETP	+7.5%	5,3 ETP	+71.0%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Clément Vanthournhout

Bestuurder · since 03 mars 2023

Active

Patrick Van Dooren

Bestuurder · since 03 mars 2023

Active

Ended mandates

Clément Vanthournhout

Director · since 03 mars 2023

Ended

Patrick Van Dooren

Director · since 03 mars 2023

Ended

BIGECON

Manager · 0879.826.820

Represented by Bart BIERINCKX

Ended

BIGECON

Director · until 03 mars 2023 · 0879.826.820

Represented by Bart Bierinckx

Ended

At this address

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IQVIA RDS & INTEGRATED SERVICES BELGIUM● Active	0459.151.577
IQVIA Solutions Belgium● Active	0400.502.211
Orifarm Healthcare● Active	0755.731.948
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TAKEDA BELGIUM● Active	0403.054.202

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	18 months	12 months	12 months	12 months
Filing date	13/07/2026	23/07/2025	19/07/2024	18/11/2022	26/10/2021	16/10/2020
General meeting	10/07/2026	09/07/2025	10/07/2024	24/10/2022	04/10/2021	05/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/07/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	09/07/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	10/07/2024	19/07/2024	Dutch	PDF
Abridged model	30/06/2022	24/10/2022	18/11/2022	Dutch	PDF
Abridged model	30/06/2021	04/10/2021	26/10/2021	Dutch	PDF
Abridged model	30/06/2020	05/10/2020	16/10/2020	Dutch	PDF
Abridged model	30/06/2019	07/10/2019	09/04/2020	Dutch	PDF
Abridged model	30/06/2018	01/10/2018	21/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/10/2017	29/12/2017	Dutch	PDF
Abridged model	30/06/2016	05/10/2016	04/01/2017	Dutch	PDF
Abridged model	30/06/2015	05/10/2015	29/01/2016	Dutch	PDF
Abridged model	30/06/2014	06/10/2014	07/10/2014	Dutch	PDF
Abridged model	30/06/2013	07/10/2013	05/11/2013	Dutch	PDF
Abridged model	30/06/2012	01/10/2012	08/11/2012	Dutch	PDF
Abridged model	30/06/2011	03/10/2011	11/10/2011	Dutch	PDF
Abridged model	30/06/2010	04/10/2010	28/10/2010	Dutch	PDF
Abridged model	30/06/2009	05/10/2009	06/10/2009	Dutch	PDF
Abridged model	30/06/2008	06/10/2008	10/10/2008	Dutch	PDF
Abridged model	30/06/2007	08/10/2007	24/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Clément Vanthournhout

Bestuurder · since 03 mars 2023

Active

Patrick Van Dooren

Bestuurder · since 03 mars 2023

Active

Ended mandates

Clément Vanthournhout

Director · since 03 mars 2023

Ended

Patrick Van Dooren

Director · since 03 mars 2023

Ended

BIGECON

Manager · 0879.826.820

Represented by Bart BIERINCKX

Ended

BIGECON

Director · until 03 mars 2023 · 0879.826.820

Represented by Bart Bierinckx

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/09/2026
Herbenoeming van de commissaris
PDF
Registered office17/04/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other03/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares17/04/2023
KAPITAAL - AANDELEN
PDF
Restructuring23/03/2023
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/01/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025929,6 k €↑
2024
Annual accounts 2024491,8 k €↓
2023
Annual accounts 2023493,3 k €↑
2022
Annual accounts 2022329,7 k €↓
2021
Annual accounts 2021508,1 k €↑
2020
Annual accounts 2020393,2 k €↑
2019
Annual accounts 2019321,2 k €↑
2018
Annual accounts 2018254,9 k €↓
2017
Annual accounts 2017257,2 k €↑
2016
Annual accounts 2016234,2 k €↑
2015
Annual accounts 2015148,3 k €↑
2014
Annual accounts 2014101 k €↓
2013
Annual accounts 2013143,8 k €↑
2012
Annual accounts 201256,5 k €↓
2011
Annual accounts 201199,1 k €↑
2010
Annual accounts 201063,7 k €↓
2009
Annual accounts 2009311 k €↑
2008
Annual accounts 2008222,9 k €↑
2007
Annual accounts 2007200,3 k €
09/11/1998
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IM ASSOCIATES

Overview

What does IM ASSOCIATES do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline