ACTIVE

IMARAD

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Financial year 2025 · closed on 30/06/2025

Net result

288 k €

+19.4% YoY

Gross margin

521,6 k €

-6.2% YoY

Equity

1,1 M €

+2.5% YoY

What does IMARAD do?

IMARAD is a Private limited company incorporated in 2003. Its main activity is: Other human health activities. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0859.646.662

Incorporation

15/07/2003

Legal form

Private limited company

Registered office

Rue de l'Abbaye 61
1050 Ixelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2025

Activities (NACE)

86910Other human health activities· main

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	521,6 k €	-6.2%	556,3 k €	+68.1%	331 k €	+24.4%	266 k €	+4.7%	254,1 k €	-5.8%	269,8 k €	+7.5%	250,9 k €	-11.6%	283,8 k €	+26.5%	224,4 k €	+3.2%	217,4 k €	+21.9%	178,4 k €	-17.4%	215,9 k €	-36.7%	341,2 k €	-4.3%	356,4 k €	+33.0%	268 k €	-16.8%	322,1 k €	+74.8%	184,3 k €
EBITDA	520,1 k €	-6.0%	553,6 k €	+118%	254,4 k €	-3.8%	264,5 k €	+5.3%	251,2 k €	-4.8%	264 k €	+7.1%	246,4 k €	-11.5%	278,5 k €	+25.0%	222,7 k €	+3.2%	215,8 k €	+21.7%	177,4 k €	-17.6%	215,4 k €	-36.7%	340,2 k €	-4.3%	355,5 k €	+33.1%	267,1 k €	-16.7%	320,7 k €	+74.9%	183,3 k €
Operating result	506,5 k €	-4.7%	531,6 k €	+130%	231,1 k €	-2.1%	236 k €	+13.5%	208 k €	-3.1%	214,6 k €	+11.8%	192 k €	-13.9%	223,1 k €	+34.8%	165,5 k €	+0.6%	164,5 k €	+32.7%	124 k €	-23.2%	161,5 k €	-43.8%	287,5 k €	-6.8%	308,5 k €	+35.4%	227,9 k €	-20.4%	286,3 k €	+91.7%	149,4 k €
Net result	288 k €	+19.4%	241,3 k €	+128%	105,7 k €	-18.6%	129,9 k €	+11.1%	116,9 k €	+13.6%	103 k €	+58.7%	64,9 k €	+0.2%	64,7 k €	+87.1%	34,6 k €	+72.7%	20 k €	-76.9%	86,9 k €	-52.6%	183,4 k €	-5.4%	194 k €	-56.2%	443 k €	+200%	147,8 k €	-21.0%	187,1 k €	+86.0%	100,6 k €
Balance sheet
Equity	1,1 M €	+2.5%	1,1 M €	+29.4%	818,4 k €	+14.7%	713,5 k €	-19.9%	890,8 k €	+15.0%	774,7 k €	+15.3%	671,8 k €	-33.1%	1 M €	+6.9%	938,8 k €	+3.8%	904,2 k €	+2.3%	884,2 k €	+10.9%	797,4 k €	+22.3%	651,7 k €	+42.4%	457,7 k €	+3008%	14,7 k €	-95.0%	291,9 k €	+178%	104,9 k €
Total assets	1,4 M €	+26.8%	1,1 M €	+35.2%	834 k €	+11.1%	750,7 k €	-18.3%	918,3 k €	+12.4%	817,3 k €	+16.9%	698,9 k €	-33.6%	1,1 M €	+6.7%	986,4 k €	+5.0%	939 k €	+1.0%	930,2 k €	+4.8%	887,2 k €	+20.0%	739,2 k €	+37.6%	537,3 k €	-20.7%	677,5 k €	-2.1%	691,9 k €	-13.9%	803,5 k €
Cash	883,6 k €	+93.2%	457,3 k €	-21.8%	584,9 k €	+20.2%	486,5 k €	+23.4%	394,2 k €	+16.9%	337,2 k €	+143%	138,9 k €	-68.8%	445,3 k €	+28.0%	347,9 k €	-25.9%	469,3 k €	+8.7%	431,9 k €	+0.3%	430,7 k €	-8.7%	471,5 k €	+72.5%	273,4 k €	+143%	112,6 k €	-32.2%	166,1 k €	+209%	53,7 k €
Debts	343,6 k €	+402%	68,5 k €	+340%	15,6 k €	-58.1%	37,2 k €	+35.5%	27,4 k €	-35.5%	42,6 k €	+64.4%	25,9 k €	-47.0%	48,9 k €	+2.7%	47,6 k €	+36.9%	34,8 k €	-24.3%	45,9 k €	-48.8%	89,8 k €	+2.6%	87,5 k €	+10.1%	79,5 k €	-88.0%	662,8 k €	+65.7%	399,9 k €	-42.8%	698,6 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Yvan De Merlier

administrateur · since 27 juin 2003

Active

Ended mandates

Yvan De Merlier

Manager · since 27 juin 2003

Ended

Yvan Demerlier

Manager · since 27 juin 2003

Ended

At this address

Other companies at this address

Company	CBE no.
MEDIARAD● Active	0460.741.189

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	30/06/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	17/01/2026	09/12/2024	23/08/2023	22/08/2022	23/08/2021	28/08/2020
General meeting	06/12/2025	07/12/2024	03/06/2023	04/06/2022	05/06/2021	06/06/2020
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
Micro model	30/06/2025	06/12/2025	17/01/2026	French	PDF
Micro model	30/06/2024	07/12/2024	09/12/2024	French	PDF
Micro model	31/12/2022	03/06/2023	23/08/2023	French	PDF
Micro model	31/12/2021	04/06/2022	22/08/2022	French	PDF
Micro model	31/12/2020	05/06/2021	23/08/2021	French	PDF
Micro model	31/12/2019	06/06/2020	28/08/2020	French	PDF
Micro model	31/12/2018	01/06/2019	26/08/2019	French	PDF
Micro model	31/12/2017	02/06/2018	27/08/2018	French	PDF
Micro model	31/12/2016	03/06/2017	19/08/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	06/06/2015	14/08/2015	French	PDF
Abridged model	31/12/2013	07/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	09/10/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	10/08/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	04/08/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	17/08/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	25/08/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 30/06/2025 · 1 active · 2 ended

Active mandates

Yvan De Merlier

administrateur · since 27 juin 2003

Active

Ended mandates

Yvan De Merlier

Manager · since 27 juin 2003

Ended

Yvan Demerlier

Manager · since 27 juin 2003

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Capital / shares15/03/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares15/01/2014
CAPITAL, ACTIONS
PDF
Other22/07/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025288 k €↑
2024
Annual accounts 2024241,3 k €↑
2022
Annual accounts 2022105,7 k €↓
2021
Annual accounts 2021129,9 k €↑
2020
Annual accounts 2020116,9 k €↑
2019
Annual accounts 2019103 k €↑
2018
Annual accounts 201864,9 k €↑
2017
Annual accounts 201764,7 k €↑
2016
Annual accounts 201634,6 k €↑
2015
Annual accounts 201520 k €↓
2014
Annual accounts 201486,9 k €↓
2013
Annual accounts 2013183,4 k €↓
2012
Annual accounts 2012194 k €↓
2011
Annual accounts 2011443 k €↑
2010
Annual accounts 2010147,8 k €↓
2009
Annual accounts 2009187,1 k €↑
2008
Annual accounts 2008100,6 k €
15/07/2003
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

IMARAD

Overview

What does IMARAD do?

Trend over 17 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