Summary
CONTINUOUS IMPROVEMENT SOLUTIONS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €62,936 and a net result of -€53,186. Equity is growing by about 3.2% per year across the filed financial years. Its solvency ranks better than 78% of 9,645 sector peers (NACE 64, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€62,936▼ 45.8%
2024 · €116,122
Net result
-€53,186▼ 3,484%
2024 · -€1,484
Total assets
€78,763▼ 44.0%
2024 · €140,711
Solvency
79.9%▼ 2.6pp
2024 · 82.5%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €56,220 after €1,072 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€56,220
2025
Net result-€53,186
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€78,763
2025
Equity€62,936
2025
Debt€15,827
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€52,447
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-67.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.31
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€12,660-€28,709▲ 127%-€15,882€41,398€7,360▼ 82.2%€42,211▲ 473%€1,072▼ 97.5%-€56,220
Net result€22,616-€18,000▼ 20.4%-€15,034below the sector's middle half€24,707within the sector's middle half€7,854within the sector's middle half▼ 68.2%€19,931within the sector's middle half▲ 154%-€1,484below the sector's middle half-€53,186below the sector's middle half▼ 3,484%
Equity€96,648-€114,648▲ 18.6%€99,614within the sector's middle half▼ 13.1%€124,321within the sector's middle half▲ 24.8%€132,175within the sector's middle half▲ 6.3%€152,106within the sector's middle half▲ 15.1%€116,122within the sector's middle half▼ 23.7%€62,936within the sector's middle half▼ 45.8%
Total assets€177,362-€147,051▼ 17.1%€109,055below the sector's middle half▼ 25.8%€148,905within the sector's middle half▲ 36.5%€155,153within the sector's middle half▲ 4.2%€164,034within the sector's middle half▲ 5.7%€140,711within the sector's middle half▼ 14.2%€78,763below the sector's middle half▼ 44.0%
Debt€80,714-€32,403▼ 59.9%€9,441▼ 70.9%€24,584▲ 160%€22,978▼ 6.5%€11,928▼ 48.1%€24,589▲ 106%€15,827▼ 35.6%
Working capital€3,335-€19,028▲ 471%€6,863within the sector's middle half▼ 63.9%€21,760within the sector's middle half▲ 217%€35,704within the sector's middle half▲ 64.1%€138,531within the sector's middle half▲ 288%€99,244within the sector's middle half▼ 28.4%€52,447within the sector's middle half▼ 47.2%
Solvency54.5%-78.0%▲ 23.5pp91.3%above the sector's middle half▲ 13.4pp83.5%above the sector's middle half▼ 7.9pp85.2%above the sector's middle half▲ 1.7pp92.7%above the sector's middle half▲ 7.5pp82.5%above the sector's middle half▼ 10.2pp79.9%above the sector's middle half▼ 2.6pp
Current ratio1.04-1.59▲ 0.551.73within the sector's middle half▲ 0.141.89within the sector's middle half▲ 0.162.55within the sector's middle half▲ 0.6712.61above the sector's middle half▲ 10.065.04above the sector's middle half▼ 7.584.31above the sector's middle half▼ 0.72
Return on assets (ROA)12.8%-12.2%▼ 0.5pp-13.8%below the sector's middle half▼ 26.0pp16.6%within the sector's middle half▲ 30.4pp5.1%within the sector's middle half▼ 11.5pp12.2%within the sector's middle half▲ 7.1pp-1.1%below the sector's middle half▼ 13.2pp-67.5%below the sector's middle half▼ 66.5pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78,763
Fixed assets
€10,489 ▼ 37.9%
Current assets
€68,275 ▼ 44.9%
Equity and liabilities €78,763
Equity
€62,936 ▼ 45.8%
Debt
€15,827 ▼ 35.6%
Debt's share of the balance-sheet total rises from 17.5% to 20.1%. Equity and debt are lower.
Key figures and ratios
ROE
-84.5%▼
2024 · -1.3%
Debt ≤ 1 year
€15,827▼
2024 · €24,589
Income taxes
-€3,550▼
2024 · €2,017
Staff costs
€2,797▼
2024 · €4,635
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €24,054 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €2,751 | €4,431 | €3,109 | €4,635 | €2,797 | ▼ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,995 | €3,555 | €3,612 | €17,638 | €9,444 | €3,137 | €7,383 | €7,289 | ▼ 1.3% |
| Other operating charges640/8 | - | - | - | €1,560 | €2,134 | €4,742 | €3,148 | €593 | ▼ 81.1% |
| Gross operating margin9900 | €30,569 | €36,313 | -€8,433 | €63,347 | €23,369 | €53,200 | €16,238 | -€45,541 | - |
| Operating profit (loss)9901 | €12,660 | €28,709 | -€15,882 | €41,398 | €7,360 | €42,211 | €1,072 | -€56,220 | - |
| Financial income75/76B | - | - | - | - | - | €466 | €840 | €585 | ▼ 30.3% |
| Recurring financial income75 | €12,574 | - | - | - | - | €466 | €840 | €585 | ▼ 30.3% |
| Financial charges65/66B | - | - | - | €86 | €91 | €1,183 | €1,379 | €1,101 | ▼ 20.1% |
| Recurring financial charges65 | €1,115 | €1,002 | €852 | €86 | €91 | €1,183 | €1,379 | €1,101 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €24,119 | €27,707 | -€16,734 | €41,312 | €7,269 | €41,494 | €533 | -€56,736 | - |
| Income taxes67/77 | €1,503 | €9,707 | -€1,700 | €16,605 | -€585 | €21,563 | €2,017 | -€3,550 | - |
| Profit (loss) for the period9904 | €22,616 | €18,000 | -€15,034 | €24,707 | €7,854 | €19,931 | -€1,484 | -€53,186 | ▼ 3,484% |
| Profit (loss) for the period to be appropriated9905 | €22,616 | €18,000 | -€15,034 | €24,707 | €7,854 | €19,931 | -€1,484 | -€53,186 | ▼ 3,484% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €177,362 | €147,051 | €109,055 | €148,905 | €155,153 | €164,034 | €140,711 | €78,763 | ▼ 44.0% |
| Fixed assets21/28 | €93,313 | €95,620 | €92,751 | €102,561 | €96,472 | €13,576 | €16,878 | €10,489 | ▼ 37.9% |
| Tangible fixed assets22/27 | €93,223 | €95,530 | €92,661 | €102,471 | €96,382 | €13,486 | €16,788 | €10,399 | ▼ 38.1% |
| Land and buildings22 | - | - | - | €76,500 | €76,500 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €25,971 | €19,882 | €13,486 | €16,788 | €10,399 | ▼ 38.1% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €84,049 | €51,431 | €16,304 | €46,344 | €58,681 | €150,458 | €123,833 | €68,275 | ▼ 44.9% |
| Amounts receivable within one year40/41 | €21,327 | €4,137 | €649 | - | €27,279 | €929 | €3,409 | €820 | ▼ 75.9% |
| Trade receivables40 | - | - | - | - | €27,279 | €72 | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | €857 | €3,409 | €820 | ▼ 75.9% |
| Cash at bank and in hand54/58 | €61,450 | €45,728 | €15,655 | €45,033 | €31,402 | €149,529 | €120,424 | €66,902 | ▼ 44.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,311 | - | - | - | €552 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €177,362 | €147,051 | €109,055 | €148,905 | €155,153 | €164,034 | €140,711 | €78,763 | ▼ 44.0% |
| Equity10/15 | €96,648 | €114,648 | €99,614 | €124,321 | €132,175 | €152,106 | €116,122 | €62,936 | ▼ 45.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €47,563 | €65,360 | €65,360 | €65,360 | €72,360 | €91,360 | €56,860 | €56,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €63,500 | €70,500 | €91,360 | €56,860 | €56,860 | = |
| Profit (loss) carried forward14 | €30,485 | €30,688 | €15,654 | €40,361 | €41,215 | €42,146 | €40,662 | -€12,524 | - |
| Amounts payable17/49 | €80,714 | €32,403 | €9,441 | €24,584 | €22,978 | €11,928 | €24,589 | €15,827 | ▼ 35.6% |
| Amounts payable within one year42/48 | €80,714 | €32,403 | €9,441 | €24,584 | €22,978 | €11,928 | €24,589 | €15,827 | ▼ 35.6% |
| Trade debts44 | €274 | €12,953 | €589 | €6,025 | €3,332 | €1,044 | €1,380 | €3,965 | ▲ 187% |
| Suppliers440/4 | - | - | - | €6,025 | €3,332 | €1,044 | €1,380 | €3,965 | ▲ 187% |
| Taxes, remuneration and social security45 | - | - | - | €9,172 | €12,567 | €6,287 | - | €1,426 | - |
| Taxes450/3 | - | - | - | €7,746 | €11,185 | €4,867 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €1,426 | €1,382 | €1,421 | - | €1,426 | - |
| Other amounts payable47/48 | - | - | - | €9,387 | €7,078 | €4,596 | €23,209 | €10,436 | ▼ 55.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,616 | €18,000 | -€15,034 | €24,707 | €7,854 | €19,931 | -€1,484 | -€53,186 | ▼ 3,484% |
| + Depreciation and write-downs630 | €1,995 | €3,555 | €3,612 | €17,638 | €9,444 | €3,137 | €7,383 | €7,289 | ▼ 1.3% |
| Operating cash flow (approximation) | €24,611 | €21,555 | -€11,422 | €42,345 | €17,298 | €23,068 | €5,899 | -€45,898 | - |
| Investment in fixed assets (approximation) | - | -€5,862 | -€743 | -€27,448 | -€3,355 | €79,759 | -€10,685 | -€899 | ▲ 91.6% |
| Change in cash | - | -€15,722 | -€30,073 | €29,378 | -€13,631 | €118,127 | -€29,105 | -€53,522 | ▼ 83.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00242051 |
| 31-12-2024 | micro format | 26-07-2025 | 2025-00313519 |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00397796 |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00353999 |
| 31-12-2021 | micro format | 29-08-2022 | 2022-20336874 |
| 31-12-2020 | micro format | 11-08-2021 | 2021-48400452 |
| 31-12-2019 | micro format | 25-08-2020 | 2020-44700355 |
| 31-12-2018 | micro format | 12-08-2019 | 2019-45500043 |
| 31-12-2017 | micro format | 25-07-2018 | 2018-38000100 |
| 31-12-2016 | micro format | 03-08-2017 | 2017-40900526 |
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Of the 24,454 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 19,975. 11,219 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €720 awarded · €720 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.