IMPACT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 04-06-2026 PDF all 34 filings
Turnover
≈ €130,000
Estimated: probably between €110,000 and €160,000
Total assets
€949,005▲ 1.2%
2024 · €937,525
Net result
€30,475▼ 39.0%
2024 · €49,998
Working capital
€861,232▲ 3.2%
2024 · €834,662
In the rankings
#2 oldest company in Zandhoven, Telecoms and IT sector#3 company by equity in Zandhoven, Telecoms and IT sector#5 company by total assets in Zandhoven, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€40,150
▼ 33.9%
2025
20182025
Net result
€30,475
▼ 39.0%
2025
middle half of the sector
20182025
Equity
€892,510
▲ 1.9%
2025
highest quarter of the sector
20182025
Total assets
€949,005
▲ 1.2%
2025
highest quarter of the sector
20182025
Debt
€56,495
▼ 8.2%
2025
20182025
Working capital
€861,232
▲ 3.2%
2025
highest quarter of the sector
20182025
Solvency
94.0%
▲ 0.6pp
2025
highest quarter of the sector
20182025
Current ratio
16.24
▲ 1.23
2025
highest quarter of the sector
20182025
Return on assets (ROA)
3.2%
▼ 2.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€59,303-€21,159▼ 64.3%€12,953▼ 38.8%€31,417▲ 143%€30,374▼ 3.3%€72,184▲ 138%€60,743▼ 15.9%€40,150▼ 33.9%
Net result€39,198-€13,942▼ 64.4%€8,007within the sector's middle half▼ 42.6%€19,112within the sector's middle half▲ 139%€20,161within the sector's middle half▲ 5.5%€52,813above the sector's middle half▲ 162%€49,998within the sector's middle half▼ 5.3%€30,475within the sector's middle half▼ 39.0%
Equity€683,297-€695,616▲ 1.8%€702,023above the sector's middle half▲ 0.9%€719,535above the sector's middle half▲ 2.5%€843,063above the sector's middle half▲ 17.2%€877,965above the sector's middle half▲ 4.1%€875,975above the sector's middle half▼ 0.2%€892,510above the sector's middle half▲ 1.9%
Total assets€717,677-€720,060▲ 0.3%€736,893within the sector's middle half▲ 2.3%€754,401within the sector's middle half▲ 2.4%€902,410above the sector's middle half▲ 19.6%€955,381above the sector's middle half▲ 5.9%€937,525above the sector's middle half▼ 1.9%€949,005above the sector's middle half▲ 1.2%
Debt€34,379-€24,444▼ 28.9%€34,871▲ 42.7%€34,867=€59,348▲ 70.2%€77,416▲ 30.4%€61,551▼ 20.5%€56,495▼ 8.2%
Working capital€664,791-€681,970▲ 2.6%€693,066above the sector's middle half▲ 1.6%€715,247above the sector's middle half▲ 3.2%€842,785above the sector's middle half▲ 17.8%€823,882above the sector's middle half▼ 2.2%€834,662above the sector's middle half▲ 1.3%€861,232above the sector's middle half▲ 3.2%
Solvency95.2%-96.6%▲ 1.4pp95.3%above the sector's middle half▼ 1.3pp95.4%above the sector's middle half▲ 0.1pp93.4%above the sector's middle half▼ 2.0pp91.9%above the sector's middle half▼ 1.5pp93.4%above the sector's middle half▲ 1.5pp94.0%above the sector's middle half▲ 0.6pp
Current ratio20.49-29.26▲ 8.7721.05above the sector's middle half▼ 8.2121.76above the sector's middle half▲ 0.7115.44above the sector's middle half▼ 6.3111.85above the sector's middle half▼ 3.5915.01above the sector's middle half▲ 3.1616.24above the sector's middle half▲ 1.23
Return on assets (ROA)5.5%-1.9%▼ 3.5pp1.1%within the sector's middle half▼ 0.8pp2.5%within the sector's middle half▲ 1.4pp2.2%below the sector's middle half▼ 0.3pp5.5%within the sector's middle half▲ 3.3pp5.3%within the sector's middle half▼ 0.2pp3.2%below the sector's middle half▼ 2.1pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 operating result for 2025 is 34% lower than in 2024. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €949,005
Fixed assets
€31,278 ▼ 27.8%
Current assets
€917,727 ▲ 2.6%
Equity and liabilities €949,005
Equity
€892,510 ▲ 1.9%
Debt
€56,495 ▼ 8.2%
Debt's share of the balance-sheet total falls from 6.6% to 6.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,169▼
2024 · €73,021
Cash flow
€42,494▼
2024 · €62,276
Debt to equity
0.06▼
2024 · 0.07
ROE
3.4%▼
2024 · 5.7%
Interest coverage
26.66▲
2024 · 16.12
Debt ≤ 1 year
€56,495▼
2024 · €59,566
Income taxes
€15,055▼
2024 · €23,983
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,392 | €58,813 | - | - |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €4,561 | €4,786 | €4,511 | €12,279 | €12,019 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,500 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,114 | €4,814 | €4,701 | €4,561 | €4,786 | €4,511 | €12,279 | €12,019 | ▼ 2.1% |
| Other operating charges640/8 | - | - | - | €1,907 | €1,500 | €2,286 | €2,128 | €2,107 | ▼ 1.0% |
| Gross operating margin9900 | €76,137 | €27,842 | €19,271 | €37,885 | €36,659 | €78,980 | €75,149 | €54,276 | ▼ 27.8% |
| Operating profit (loss)9901 | €59,303 | €21,159 | €12,953 | €31,417 | €30,374 | €72,184 | €60,743 | €40,150 | ▼ 33.9% |
| Financial income75/76B | - | - | - | €28 | €31 | €6,647 | €17,768 | €7,337 | ▼ 58.7% |
| Recurring financial income75 | €1,983 | €685 | €172 | €28 | €31 | €6,647 | €17,768 | €7,337 | ▼ 58.7% |
| Financial charges65/66B | - | - | - | €598 | €1,120 | €5,058 | €4,530 | €1,957 | ▼ 56.8% |
| Recurring financial charges65 | €534 | €469 | €486 | €598 | €1,120 | €5,058 | €4,530 | €1,957 | ▼ 56.8% |
| Profit (loss) for the period before taxes9903 | €60,752 | €21,375 | €12,639 | €30,847 | €29,284 | €73,773 | €73,980 | €45,530 | ▼ 38.5% |
| Income taxes67/77 | €21,554 | €7,433 | €4,632 | €11,735 | €9,123 | €20,961 | €23,983 | €15,055 | ▼ 37.2% |
| Profit (loss) for the period9904 | €39,198 | €13,942 | €8,007 | €19,112 | €20,161 | €52,813 | €49,998 | €30,475 | ▼ 39.0% |
| Profit (loss) for the period to be appropriated9905 | €39,198 | €13,942 | €8,007 | €19,112 | €20,161 | €52,813 | €49,998 | €30,475 | ▼ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €717,677 | €720,060 | €736,893 | €754,401 | €902,410 | €955,381 | €937,525 | €949,005 | ▲ 1.2% |
| Fixed assets21/28 | €18,772 | €13,958 | €9,257 | €4,696 | €1,273 | €55,576 | €43,297 | €31,278 | ▼ 27.8% |
| Tangible fixed assets22/27 | €18,772 | €13,958 | €9,257 | €4,696 | €1,273 | €55,576 | €43,297 | €31,278 | ▼ 27.8% |
| Plant, machinery and equipment23 | - | - | - | - | €606 | €2,361 | €1,872 | €1,642 | ▼ 12.3% |
| Furniture and vehicles24 | - | - | - | €4,483 | €667 | €53,214 | €41,425 | €29,636 | ▼ 28.5% |
| Other tangible fixed assets26 | - | - | - | €213 | - | - | - | - | - |
| Current assets29/58 | €698,905 | €706,102 | €727,636 | €749,705 | €901,137 | €899,806 | €894,228 | €917,727 | ▲ 2.6% |
| Amounts receivable within one year40/41 | €6,807 | €3,695 | €11,078 | €7,263 | €13,496 | €27,077 | €15,181 | €9,198 | ▼ 39.4% |
| Trade receivables40 | - | - | - | €7,263 | €7,619 | €21,200 | €14,946 | €9,198 | ▼ 38.5% |
| Other amounts receivable41 | - | - | - | - | €5,877 | €5,877 | €235 | €0 | ▼ 100% |
| Current investments50/53 | - | - | - | - | - | €351,950 | €284,369 | €312,379 | ▲ 9.8% |
| Cash at bank and in hand54/58 | €691,065 | €701,303 | €716,098 | €741,984 | €886,619 | €520,779 | €594,090 | €596,150 | ▲ 0.3% |
| Deferred charges and accrued income490/1 | - | - | - | €458 | €1,022 | €0 | €589 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €717,677 | €720,060 | €736,893 | €754,401 | €902,410 | €955,381 | €937,525 | €949,005 | ▲ 1.2% |
| Equity10/15 | €683,297 | €695,616 | €702,023 | €719,535 | €843,063 | €877,965 | €875,975 | €892,510 | ▲ 1.9% |
| Contributions10/11 | €61,973 | €62,000 | €62,000 | €62,000 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | - | - | - | €62,000 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | - | - | - | €62,000 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Reserves13 | €621,324 | €633,616 | €640,023 | €657,535 | €780,563 | €815,465 | €813,475 | €830,010 | ▲ 2.0% |
| Non-distributable reserves130/1 | - | - | - | €6,200 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Legal reserve130 | - | - | - | €6,200 | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Tax-exempt reserves132 | - | - | - | - | €2,820 | €2,820 | €2,820 | €2,820 | = |
| Distributable reserves133 | - | - | - | €651,335 | €771,492 | €806,395 | €804,404 | €820,939 | ▲ 2.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €34,379 | €24,444 | €34,871 | €34,867 | €59,348 | €77,416 | €61,551 | €56,495 | ▼ 8.2% |
| Amounts payable within one year42/48 | €34,114 | €24,132 | €34,570 | €34,458 | €58,352 | €75,924 | €59,566 | €56,495 | ▼ 5.2% |
| Trade debts44 | €23,422 | €7,443 | €19,170 | €11,878 | €17,871 | €15,293 | €9,942 | €13,131 | ▲ 32.1% |
| Suppliers440/4 | - | - | - | €11,878 | €17,871 | €15,293 | €9,942 | €13,131 | ▲ 32.1% |
| Taxes, remuneration and social security45 | - | - | - | €9,671 | €13,676 | €15,323 | €17,565 | €18,218 | ▲ 3.7% |
| Taxes450/3 | - | - | - | €9,671 | €13,676 | €15,323 | €17,565 | €18,218 | ▲ 3.7% |
| Other amounts payable47/48 | - | - | - | €12,910 | €26,805 | €45,307 | €32,059 | €25,146 | ▼ 21.6% |
| Accrued charges and deferred income492/3 | - | - | - | €408 | €995 | €1,492 | €1,984 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,198 | €13,942 | €8,007 | €19,112 | €20,161 | €52,813 | €49,998 | €30,475 | ▼ 39.0% |
| + Depreciation and write-downs630 | €14,114 | €4,814 | €4,701 | €4,561 | €4,786 | €4,511 | €12,279 | €12,019 | ▼ 2.1% |
| Operating cash flow (approximation) | €53,312 | €18,756 | €12,708 | €23,672 | €24,947 | €57,323 | €62,276 | €42,494 | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,362 | -€58,813 | €0 | €0 | - |
| Change in cash | - | €10,238 | €14,795 | €25,886 | €144,636 | -€365,840 | €73,311 | €2,060 | ▼ 97.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as IMPACT has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
96.2%
was still going
3.5%
stopped otherwise
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMPACT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for IMPACT. 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00137780 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00267513 | |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00160360 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00212132 | |
| 31-12-2021 | abbreviated format | 24-06-2022 | 2022-20095964 | |
| 31-12-2020 | abbreviated format | 01-06-2021 | 2021-17100311 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-23600151 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59300281 | |
| 31-12-2017 | abbreviated format | 26-06-2018 | 2018-24800428 | |
| 31-12-2016 | abbreviated format | 15-06-2017 | 2017-18100318 |