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IMPACT

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Non-profit associationfounded 2000active for 26 yearsRue de Berne(LN) 4, 7730 Estaimpuis, BelgiumKBO/BCE: BE 0469.265.016
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Financials · financial year 2025, full format

Annual accounts 2025 filed on 22-06-2026 at the NBB all 20 filings

Turnover
€3.3m▲ 1.2%
2024 · €3.2m
EBIT margin
-0.9%▼ 0.5pp
2024 · -0.3%
Net result
-€34,196▼ 102%
2024 · -€16,960
Working capital
€16,354▼ 48.4%
2024 · €31,715
In the rankings #4 employer in Estaimpuis#6 company by staff growth in Estaimpuis
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€3.3m
▲ 1.2% 2025
20182025
Operating result
-€27,943
▼ 156% 2025
20182025
Net result
-€34,196
▼ 102% 2025
lowest quarter of the sector
20182025
EBIT margin
-0.9%
▼ 0.5pp 2025
20182025
Equity
€62,022
▼ 36.9% 2025
middle half of the sector
20182025
Total assets
€344,066
▼ 16.3% 2025
middle half of the sector
20182025
Debt
€282,044
▼ 9.9% 2025
20182025
Working capital
€16,354
▼ 48.4% 2025
middle half of the sector
20182025
Solvency
18.0%
▼ 5.9pp 2025
middle half of the sector
20182025
Current ratio
1.06
▼ 0.04 2025
middle half of the sector
20182025
Return on assets (ROA)
-9.9%
▼ 5.8pp 2025
lowest quarter of the sector
20182025
Staff (FTE)
77.9
= 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€2.0m€2.3m▲ 13.8%€2.3m▲ 0.9%€2.8m▲ 21.4%€3.2m▲ 13.2%€3.3m▲ 1.2%
Operating result-€0.02m-€0.01m€0.08m▲ 609%€0.06m▼ 30.5%-€0.04m-€0.03m▲ 21.7%-€0.01m▲ 63.6%-€0.03m▼ 156%
Net result-€0.02m-€0.002m€0.08mabove the sector's middle half▲ 33×€0.06mabove the sector's middle half▼ 30.8%-€0.04mbelow the sector's middle half-€0.03mbelow the sector's middle half▲ 21.5%-€0.02mbelow the sector's middle half▲ 45.5%-€0.03mbelow the sector's middle half▼ 102%
EBIT margin4.1%2.5%▼ 1.6pp-1.6%▼ 4.1pp-1.1%▲ 0.6pp-0.3%▲ 0.7pp-0.9%▼ 0.5pp
Equity€0.05m-€0.07m▲ 59.5%€0.1mwithin the sector's middle half▲ 97.6%€0.2mwithin the sector's middle half▲ 32.1%€0.1mwithin the sector's middle half▼ 24.3%€0.1mwithin the sector's middle half▼ 26.2%€0.1mwithin the sector's middle half▼ 8.4%€0.06mwithin the sector's middle half▼ 36.9%
Total assets€0.2m-€0.4m▲ 57.4%€0.4mwithin the sector's middle half▲ 12.9%€0.5mwithin the sector's middle half▲ 9.1%€0.5mwithin the sector's middle half▲ 1.1%€0.4mwithin the sector's middle half▼ 17.2%€0.4mwithin the sector's middle half▲ 6.5%€0.3mwithin the sector's middle half▼ 16.3%
Debt€0.2m-€0.3m▲ 56.8%€0.3m▼ 7.8%€0.3m▼ 3.0%€0.3m▲ 19.2%€0.3m▼ 13.1%€0.3m▲ 12.3%€0.3m▼ 9.9%
Working capital-€0.01m-€0.007m€0.09mwithin the sector's middle half▲ 13×€0.1mwithin the sector's middle half▲ 65.3%€0.1mwithin the sector's middle half▼ 22.4%€0.04mwithin the sector's middle half▼ 61.4%€0.03mwithin the sector's middle half▼ 24.7%€0.02mwithin the sector's middle half▼ 48.4%
Solvency19.4%-19.7%▲ 0.3pp34.4%within the sector's middle half▲ 14.7pp41.6%within the sector's middle half▲ 7.2pp31.2%within the sector's middle half▼ 10.4pp27.8%within the sector's middle half▼ 3.4pp23.9%within the sector's middle half▼ 3.9pp18.0%within the sector's middle half▼ 5.9pp
Current ratio0.94-1.03▲ 0.091.40within the sector's middle half▲ 0.371.62within the sector's middle half▲ 0.211.38within the sector's middle half▼ 0.241.15within the sector's middle half▼ 0.231.10within the sector's middle half▼ 0.051.06within the sector's middle half▼ 0.04
Return on assets (ROA)-7.5%-0.7%▲ 8.2pp19.3%above the sector's middle half▲ 18.7pp12.3%above the sector's middle half▼ 7.1pp-8.5%below the sector's middle half▼ 20.8pp-8.1%below the sector's middle half▲ 0.4pp-4.1%below the sector's middle half▲ 3.9pp-9.9%below the sector's middle half▼ 5.8pp
Staff (FTE)64.9-67.9▲ 4.6%62.5above the sector's middle half▼ 8.0%64.2above the sector's middle half▲ 2.7%69.7above the sector's middle half▲ 8.6%72.1above the sector's middle half▲ 3.4%77.9above the sector's middle half▲ 8.0%77.9above the sector's middle half=
above within below The sector band is the middle half of the companies in Personal service activities (NACE 96). 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 a loss of €27,943, larger than the loss of €10,918 in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €344,066
Fixed assets €48,029 ▼ 27.8%
Current assets €296,037 ▼ 14.1%
Equity and liabilities €344,066
Equity €62,022 ▼ 36.9%
Debt €282,044 ▼ 9.9%
Debt's share of the balance-sheet total rises from 76.1% to 82.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,469▼
2024 · €17,973
Cash flow
-€15,722▼
2024 · €11,931
Quick ratio
0.95▼
2024 · 0.99
Debt to equity
4.55▲
2024 · 3.19
ROE
-55.1%▼
2024 · -17.3%
Interest coverage
-1.15▼
2024 · 1.99
Debt ≤ 1 year
€279,683▼
2024 · €312,975
Debt > 1 year
€1,200
Customer credit
19 days▼
2024 · 21 days
Supplier credit
10 days▼
2024 · 22 days
Staff costs
€2.6m▲
2024 · €2.6m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date107112117123125
full-time8912108
part-time99103105113117
in full-time equivalents67.47174.67776.2
Average over the year, in full-time equivalents64.269.772.177.977.9
On a permanent contract909797103119
Joined4755866461
Left3749805559
Training hours-1,0082,0372,8181,488

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€6,028€13,404€36,262€30,343-
Depreciation and write-downs of the year€41,540€37,401€39,516€28,891€18,474

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Subsidies and aid

Flemish government

2022 to 2025 · 8 entries · €172,886 awarded · €172,457 paid
Year Entries AwardedPaid
2025 3 €28,470€28,317
2024 2 €56,608€56,464
2023 2 €48,407€48,275
2022 1 €39,401€39,401
Schemes
4 entries · €172,457 · €172,457 paid · Departement Werk en Sociale Economie
4 entries · €429 · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.4m€0.3m▼
Fixed assets21/28€0.07m€0.05m▼
Tangible fixed assets22/27€0.06m€0.04m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.04m€0.03m▼
Financial fixed assets28€0.005m€0.005m=
Current assets29/58€0.3m€0.3m▼
Stocks and contracts in progress3€0.04m€0.03m▼
Stocks30/36€0.04m€0.03m▼
Amounts receivable within one year40/41€0.2m€0.2m▼
Trade receivables40€0.2m€0.2m▼
Other amounts receivable41€0.01m€0.02m▲
Cash at bank and in hand54/58€0.1m€0.08m▼
Deferred charges and accrued income490/1€0.02m€0.001m▼
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.3m▼
Equity10/15€0.1m€0.06m▼
Contributions10/11€0.02m€0.02m=
Capital10€0.02m€0.02m=
Profit (loss) carried forward14€0.07m€0.03m▼
Investment grants15€0.008m€0.006m▼
Amounts payable17/49€0.3m€0.3m▼
Amounts payable after more than one year17-€0.001m
Other amounts payable178/9-€0.001m
Amounts payable within one year42/48€0.3m€0.3m▼
Current portion of amounts payable after more than one year42€0.04m€0.05m▲
Trade debts44€0.06m€0.02m▼
Suppliers440/4€0.06m€0.02m▼
Taxes, remuneration and social security45€0.2m€0.2m▼
Taxes450/3€0.01m€0.01m▼
Remuneration and social security454/9€0.2m€0.2m▼
Accrued charges and deferred income492/3-€0.001m
Income statement Code20242025
Turnover70€3.2m€3.3m▲
Membership fees, donations, legacies and grants73€0.3m€0.3m▼
Non-recurring operating income76A-€0.006m
Goods, raw materials, services and sundry goods60/61€0.9m€0.9m▼
Remuneration, social security and pensions62€2.6m€2.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.02m▼
Other operating charges640/8€0.02m€0.02m▼
Gross operating margin9900€2.6m€2.6m▲
Operating profit (loss)9901-€0.01m-€0.03m▼
Financial income75/76B€0.003m€0.002m▼
Recurring financial income75€0.002m€0.002m▼
Non-recurring financial income76B€0.001m-
Financial charges65/66B€0.009m€0.008m▼
Recurring financial charges65€0.009m€0.008m▼
Profit (loss) for the period before taxes9903-€0.02m-€0.03m▼
Profit (loss) for the period9904-€0.02m-€0.03m▼
Profit (loss) for the period to be appropriated9905-€0.02m-€0.03m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.07m€0.03m▼
Profit (loss) brought forward from the previous period14P€0.09m€0.07m▼
Social balance sheet
Average headcount (FTE)908777.977.9=

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Line20182019202020212022202320242025Change
Turnover70--€2.0m€2.3m€2.3m€2.8m€3.2m€3.3m▲ 1.2%
Membership fees, donations, legacies and grants73----€0.3m€0.3m€0.3m€0.3m▼ 0.5%
Non-recurring operating income76A---€0.03m€0.006m€0.001m-€0.006m-
Goods, raw materials, services and sundry goods60/61---€0.6m€0.7m€0.8m€0.9m€0.9m▼ 1.2%
Remuneration, social security and pensions62---€1.6m€1.9m€2.3m€2.6m€2.6m▲ 1.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.03m€0.05m€0.04m€0.04m€0.04m€0.03m€0.02m▼ 36.1%
Other operating charges640/8---€0.02m€0.02m€0.02m€0.02m€0.02m▼ 13.8%
Non-recurring operating charges66A---€0.02m€0.03m----
Gross operating margin9900€1.7m€1.9m€1.6m€1.7m€1.9m€2.3m€2.6m€2.6m▲ 0.2%
Operating profit (loss)9901-€0.02m€0.01m€0.08m€0.06m-€0.04m-€0.03m-€0.01m-€0.03m▼ 156%
Financial income75/76B---€13€5€10€0.003m€0.002m▼ 32.8%
Recurring financial income75-€6-€13€5€10€0.002m€0.002m▼ 0.6%
Non-recurring financial income76B------€0.001m--
Financial charges65/66B---€0.002m€0.001m€0.001m€0.009m€0.008m▼ 8.5%
Recurring financial charges65€165€0.001m€0.002m€0.002m€0.001m€0.001m€0.009m€0.008m▼ 8.5%
Profit (loss) for the period before taxes9903-€0.02m€0.01m€0.08m€0.06m-€0.04m-€0.03m-€0.02m-€0.03m▼ 102%
Profit (loss) for the period9904-€0.02m€0.002m€0.08m€0.06m-€0.04m-€0.03m-€0.02m-€0.03m▼ 102%
Profit (loss) for the period to be appropriated9905-€0.02m€0.002m€0.08m€0.06m-€0.04m-€0.03m-€0.02m-€0.03m▼ 102%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€237,922€374,372€422,583€460,981€465,921€385,916€411,193€344,066▼ 16.3%
Fixed assets21/28€57,624€158,616€126,985€91,887€68,304€65,050€66,503€48,029▼ 27.8%
Tangible fixed assets22/27€52,624€153,616€121,985€86,887€63,304€60,050€61,503€43,029▼ 30.0%
Plant, machinery and equipment23---€52,047€38,623€34,508€21,719€14,496▼ 33.3%
Furniture and vehicles24---€34,840€24,681€25,543€39,784€28,533▼ 28.3%
Financial fixed assets28€5,000€5,000€5,000€5,000€5,000€5,000€5,000€5,000=
Current assets29/58€180,298€215,756€295,598€369,094€397,617€320,865€344,690€296,037▼ 14.1%
Stocks and contracts in progress3€33,718€21,799€21,468€21,506€21,862€28,002€36,086€31,330▼ 13.2%
Stocks30/36---€21,506€21,862€28,002€36,086€31,330▼ 13.2%
Amounts receivable within one year40/41€135,413€128,167€158,522€128,109€172,559€215,655€194,325€184,482▼ 5.1%
Trade receivables40---€117,569€162,019€205,115€183,785€169,372▼ 7.8%
Other amounts receivable41---€10,540€10,540€10,540€10,540€15,110▲ 43.4%
Cash at bank and in hand54/58€11,167€65,790€113,958€219,479€203,196€60,039€98,279€79,210▼ 19.4%
Deferred charges and accrued income490/1-----€17,169€16,000€1,015▼ 93.7%
Equity and liabilities
Total equity and liabilities10/49€237,922€374,372€422,583€460,981€465,921€385,916€411,193€344,066▼ 16.3%
Equity10/15€46,121€73,565€145,332€191,924€145,296€107,178€98,218€62,022▼ 36.9%
Contributions10/11------€21,642€21,642=
Capital10------€21,642€21,642=
Profit (loss) carried forward14€15,479€17,923€99,690€156,282€116,654€85,536€68,576€34,380▼ 49.9%
Investment grants15---€14,000€7,000-€8,000€6,000▼ 25.0%
Amounts payable17/49€191,801€300,807€277,251€269,057€320,625€278,738€312,975€282,044▼ 9.9%
Amounts payable after more than one year17-€91,806€66,818€40,704€14,318--€1,200-
Financial debts170/4---€40,704€14,318----
Other amounts payable178/9-------€1,200-
Amounts payable within one year42/48€191,801€209,001€210,433€228,353€288,377€278,738€312,975€279,683▼ 10.6%
Current portion of amounts payable after more than one year42---€26,114€26,386€14,318€44,973€47,836▲ 6.4%
Trade debts44€62,013€29,829€14,058€64,423€97,714€70,345€55,563€24,898▼ 55.2%
Suppliers440/4---€64,423€97,714€70,345€55,563€24,898▼ 55.2%
Taxes, remuneration and social security45---€137,816€164,277€194,075€212,439€206,949▼ 2.6%
Taxes450/3---€10,382€14,473€16,732€14,291€9,834▼ 31.2%
Remuneration and social security454/9---€127,434€149,804€177,343€198,148€197,115▼ 0.5%
Accrued charges and deferred income492/3----€17,930--€1,161-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€17,940€2,444€81,767€56,592-€39,628-€31,119-€16,960-€34,196▼ 102%
+ Depreciation and write-downs630€21,552€32,561€46,419€41,540€37,401€39,516€28,891€18,474▼ 36.1%
Operating cash flow (approximation)€3,612€35,005€128,186€98,132-€2,227€8,397€11,931-€15,722-
Investment in fixed assets (approximation)--€133,553-€14,788-€6,442-€13,818-€36,262-€30,344€0-
Change in cash-€54,623€48,168€105,521-€16,283-€143,157€38,240-€19,069-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 371 companies had the same profile as IMPACT has now. Two years later, 96.8% were still going and 0.5% had gone bankrupt.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
96.8% was still going
2.2% stopped otherwise
0.5% went bankrupt

Another 0.5% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 371 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 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 22-06-2026 2026-00194461 PDF
31-12-2024 full format 14-10-2025 2025-00542002 PDF
31-12-2023 full format 28-06-2024 2024-00190130 PDF
31-12-2022 full format 30-06-2023 2023-00180069 PDF
31-12-2021 full format 24-08-2022 2022-20320378 PDF
31-12-2020 full format 29-07-2021 2021-43000056 PDF
31-12-2019 full format 03-08-2020 2020-38700273 PDF
31-12-2018 full format 01-07-2019 2019-25100323 PDF
31-12-2017 full format 26-06-2018 2018-22200577 PDF
31-12-2016 full format 27-06-2017 2017-21100250 PDF

Show all 20 filings

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