2improveIT
ActiveFrom the official registers: KBO 16 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
2improveIT has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122,233 and a net result of -€17,790. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 48% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
KBO- Status
- Active since 02-10-2009 Normal situation
- Activity
- Retail sale of information and communication equipment NACE 47400and 5 others
- Establishment units
- 2.182.225.331 3511 Hasselt, since 02-10-2009
- 2.310.984.022 3500 Hasselt, since 01-07-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 26-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €82,571
- ▼ 48.4%
- Turnover
- ≈ €620,000
- estimated
- Loss
- €17,790
- Equity
- €122,233
- ▼ 12.7%
- Total assets
- €401,359
- ▲ 3.8%
- Staff
- 1 FTE
- =
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateLoss of €17,790 (financial year 2025)lowers riskFounded in 2009Size: total assets €401,359Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 46% of them on solvency, 66% on liquidity, 22% on profitability and 24% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 39 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00462792.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 16 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €13,195, after a profit of €78,844 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Comparable companies
These companies have the same main activity as 2improveIT: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €326,000 and €459,000, founded between 2009 and 2011.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| 2improveIT Hasselt | 2009 | €401,359 | €122,233 | €82,571 | -€17,790 | 2025 |
| VERKOZ Tongeren-Borgloon | 2011 | €385,435 | €220,985 | €75,036 | €26,019 | 2025 |
| W-IT Antwerpen | 2010 | €440,425 | €432,566 | €87,886 | €79,714 | 2026 |
| RICOM Juprelle | 2010 | €448,855 | €256,080 | €79,168 | €29,590 | 2025 |
| LYNATEC Braine-l'Alleud | 2010 | €458,158 | €310,009 | €79,142 | €25,119 | 2025 |
| PHOENIX WEBSOLUTIONS.EU Elsene | 2011 | €459,064 | €351,605 | €82,880 | €37,305 | 2025 |
| Mayway Records Kortrijk | 2009 | €326,287 | €93,438 | €80,107 | €650 | 2025 |
They were chosen from the 1,820 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,908 companies had the same profile as 2improveIT has now. Two years later, 1.1% had gone bankrupt and 90.9% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of 2improveIT itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for 2improveIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €880 | - |
| Remuneration, social security and pensions62 | - | - | - | €53,437 | €61,484 | €65,931 | €67,670 | €72,255 | ▲ 6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €237 | €237 | €5,133 | €9,584 | €9,730 | €9,730 | €11,523 | €18,168 | ▲ 57.7% |
| Other operating charges640/8 | - | - | - | €1,917 | €1,854 | €2,282 | €1,993 | €5,344 | ▲ 168% |
| Gross operating margin9900 | €80,458 | €78,413 | €69,826 | €82,802 | €82,172 | €153,235 | €160,030 | €82,571 | ▼ 48.4% |
| Operating profit (loss)9901 | €29,408 | €11,354 | €6,466 | €17,864 | €9,104 | €75,292 | €78,844 | -€13,195 | - |
| Financial income75/76B | - | - | - | €2,625 | €4 | €288 | €624 | €1,000 | ▲ 60.1% |
| Recurring financial income75 | €1,869 | €2,770 | €3,846 | €2,625 | €4 | €288 | €624 | €1,000 | ▲ 60.1% |
| Financial charges65/66B | - | - | - | €6,192 | €5,631 | €5,303 | €4,791 | €5,341 | ▲ 11.5% |
| Recurring financial charges65 | €516 | €88 | €3,569 | €6,192 | €5,631 | €5,303 | €4,791 | €5,341 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €30,761 | €14,036 | €6,743 | €14,297 | €3,477 | €70,277 | €74,678 | -€17,537 | - |
| Income taxes67/77 | €562 | €3,847 | €3,449 | €7,794 | €1,906 | €20,722 | €22,020 | €254 | ▼ 98.8% |
| Profit (loss) for the period9904 | €30,199 | €10,189 | €3,294 | €6,504 | €1,570 | €49,555 | €52,657 | -€17,790 | - |
| Profit (loss) for the period to be appropriated9905 | €30,199 | €10,189 | €3,294 | €6,504 | €1,570 | €49,555 | €52,657 | -€17,790 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €91,079 | €89,098 | €410,004 | €390,090 | €326,641 | €361,550 | €386,803 | €401,359 | ▲ 3.8% |
| Fixed assets21/28 | €2,892 | €2,656 | €265,968 | €257,864 | €248,134 | €238,404 | €232,260 | €276,379 | ▲ 19.0% |
| Tangible fixed assets22/27 | €474 | €237 | €265,968 | €257,864 | €248,134 | €238,404 | €232,260 | €276,379 | ▲ 19.0% |
| Land and buildings22 | - | - | - | €256,498 | €247,152 | €237,806 | €228,460 | €225,903 | ▼ 1.1% |
| Furniture and vehicles24 | - | - | - | €1,366 | €982 | €598 | €3,801 | €50,476 | ▲ 13× |
| Financial fixed assets28 | €2,419 | €2,419 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €88,187 | €86,443 | €144,036 | €132,225 | €78,507 | €123,146 | €154,543 | €124,980 | ▼ 19.1% |
| Amounts receivable within one year40/41 | €60,616 | €60,752 | €84,369 | €98,764 | €36,820 | €106,362 | €90,355 | €65,071 | ▼ 28.0% |
| Trade receivables40 | - | - | - | €57,123 | €33,024 | €99,241 | €76,994 | €50,715 | ▼ 34.1% |
| Other amounts receivable41 | - | - | - | €41,641 | €3,796 | €7,122 | €13,361 | €14,356 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €27,571 | €25,690 | €54,539 | €32,438 | €40,129 | €16,784 | €60,624 | €58,637 | ▼ 3.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,023 | €1,559 | €0 | €3,564 | €1,273 | ▼ 64.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €91,079 | €89,098 | €410,004 | €390,090 | €326,641 | €361,550 | €386,803 | €401,359 | ▲ 3.8% |
| Equity10/15 | €58,564 | €68,753 | €72,047 | €36,240 | €37,811 | €87,366 | €140,024 | €122,233 | ▼ 12.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €67,235 | €67,235 | €67,235 | €24,925 | €25,411 | €74,966 | €127,624 | €127,624 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €23,065 | €23,551 | €74,966 | €127,624 | €127,624 | = |
| Profit (loss) carried forward14 | -€21,071 | -€10,882 | -€7,588 | -€1,084 | €0 | - | - | -€17,790 | - |
| Amounts payable17/49 | €32,515 | €20,345 | €337,957 | €353,849 | €288,831 | €274,184 | €246,780 | €279,126 | ▲ 13.1% |
| Amounts payable after more than one year17 | - | - | €277,266 | €252,567 | €227,415 | €201,802 | €175,721 | €184,242 | ▲ 4.8% |
| Financial debts170/4 | - | - | - | €252,567 | €227,415 | €201,802 | €175,721 | €184,242 | ▲ 4.8% |
| Amounts payable within one year42/48 | €30,902 | €20,345 | €60,691 | €101,283 | €61,276 | €72,382 | €71,058 | €94,792 | ▲ 33.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,700 | €25,152 | €25,612 | €26,081 | €36,112 | ▲ 38.5% |
| Trade debts44 | €7,527 | €2,604 | €10,247 | €12,962 | €12,951 | €1,623 | €9,476 | €9,535 | ▲ 0.6% |
| Suppliers440/4 | - | - | - | €12,962 | €12,951 | €1,623 | €9,476 | €9,535 | ▲ 0.6% |
| Taxes, remuneration and social security45 | - | - | - | €21,310 | €23,174 | €45,146 | €35,502 | €49,144 | ▲ 38.4% |
| Taxes450/3 | - | - | - | €10,106 | €10,331 | €34,891 | €9,633 | €22,473 | ▲ 133% |
| Remuneration and social security454/9 | - | - | - | €11,204 | €12,843 | €10,254 | €25,869 | €26,671 | ▲ 3.1% |
| Other amounts payable47/48 | - | - | - | €42,310 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €139 | €0 | - | €92 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,199 | €10,189 | €3,294 | €6,504 | €1,570 | €49,555 | €52,657 | -€17,790 | - |
| + Depreciation and write-downs630 | €237 | €237 | €5,133 | €9,584 | €9,730 | €9,730 | €11,523 | €18,168 | ▲ 57.7% |
| Operating cash flow (approximation) | €30,436 | €10,425 | €8,427 | €16,088 | €11,301 | €59,285 | €64,181 | €377 | ▼ 99.4% |
| Investment in fixed assets (approximation) | - | €0 | -€268,445 | -€1,480 | €0 | €0 | -€5,379 | -€62,287 | ▼ 1,058% |
| Change in cash | - | -€1,881 | €28,849 | -€22,101 | €7,691 | -€23,345 | €43,840 | -€1,987 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00462792 | NBB |
| 31-12-2024 | micro format | 31-07-2025 | 2025-00336822 | |
| 31-12-2023 | micro format | 07-10-2024 | 2024-00495856 | |
| 31-12-2022 | micro format | 08-11-2023 | 2023-00508294 | |
| 31-12-2021 | micro format | 15-08-2022 | 2022-20291743 | |
| 31-12-2020 | micro format | 27-10-2021 | 2021-73900403 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23300543 | |
| 31-12-2018 | micro format | 09-08-2019 | 2019-45000309 | |
| 31-12-2017 | micro format | 12-11-2018 | 2018-72000295 | |
| 31-12-2016 | abbreviated format | 10-08-2017 | 2017-42800483 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 03-11-2023 Converted to unavailable equity
- 03-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Hein COUWET |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1 of meer bestuurders natuurlijk of rechtspersoon al dan niet aandeelhouder, onbezoldigd tenzij algemene vergadering exclusief anders…”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, vruchtgebruiker en blote eigenaar afzonderlijk met rechten”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Werkelijke waarde dag overgang door deskundige partijen of Voorzitter bevoegde Ondernemingsrechtbank, overdracht en overgang aandelen”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging kan op elk moment ontbinden, behoudens voorwaarden…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Wettelijk voorziene machten tenzij benoemende algemene vergadering anders beslist met gewone meerderheid, vereffenaars benoemd door algemene…”“Netto-actief verdeeld onder alle aandeelhouders naar verhouding aantal aandelen,goederen nog in natura opzelfde wijze verdeeld, na…”
Articles of association, deed of 03-11-2023 (in Dutch)
Network & group
2improveIT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of 2improveIT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-11
Gazette deed
Resignation: Hein COUWET (manager)Reappointment: Hein COUWET (director) · Amendment of the articles · Capital conversion13 points ▸
- General meeting, 27-09-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “opheffing, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “kwijtschelding volstortingsplicht”, 6200 (deed in Dutch)
- Purpose change
- Registered office clause, “3511 Kuringen,Heerstraat 167” (deed in Dutch)
- Director resignation, Hein COUWET (manager)
- Director discharge, Hein COUWET
- Board rule, 1
- Director reappointment, Hein COUWET (director (not named in the articles))
- Power of attorney, Hein COUWET
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
2 establishment units
Buildings and parcels at the addresses
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71324E0569/00X004 | Flanders | 785 m² | 1 · 470 m² | 13.5 m · 4 |
| 71483E0234/00C000 | Flanders | 660 m² | 1 · 117 m² | 8.2 m · 2 |