IMPACT PROJECTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 14 filings
Turnover
≈ €71,000
Estimated: probably between €34,000 and €190,000
Total assets
€96,273▼ 4.6%
2024 · €100,940
Net result
€9,879▼ 12.1%
2024 · €11,245
Working capital
€38,369▲ 1.0%
2024 · €37,999
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€14,214
▼ 14.8%
2025
20192025
Net result
€9,879
▼ 12.1%
2025
middle half of the sector
20192025
Equity
€53,727
▲ 1.0%
2025
middle half of the sector
20192025
Total assets
€96,273
▼ 4.6%
2025
middle half of the sector
20192025
Debt
€42,546
▼ 10.9%
2025
20192025
Working capital
€38,369
▲ 1.0%
2025
highest quarter of the sector
20192025
Solvency
55.8%
▲ 3.1pp
2025
middle half of the sector
20192025
Current ratio
1.90
▲ 0.11
2025
middle half of the sector
20192025
Return on assets (ROA)
10.3%
▼ 0.9pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€13,998-€13,401▼ 4.3%€3,668▼ 72.6%€9,232▲ 152%€15,535▲ 68.3%€16,678▲ 7.4%€14,214▼ 14.8%
Net result€8,149-€10,348within the sector's middle half▲ 27.0%€2,469within the sector's middle half▼ 76.1%€4,262within the sector's middle half▲ 72.7%€9,324within the sector's middle half▲ 119%€11,245within the sector's middle half▲ 20.6%€9,879within the sector's middle half▼ 12.1%
Equity€15,539-€25,887within the sector's middle half▲ 66.6%€28,355within the sector's middle half▲ 9.5%€32,618within the sector's middle half▲ 15.0%€41,942within the sector's middle half▲ 28.6%€53,187within the sector's middle half▲ 26.8%€53,727within the sector's middle half▲ 1.0%
Total assets€25,869-€31,970within the sector's middle half▲ 23.6%€31,088within the sector's middle half▼ 2.8%€38,115within the sector's middle half▲ 22.6%€56,692within the sector's middle half▲ 48.7%€100,940within the sector's middle half▲ 78.1%€96,273within the sector's middle half▼ 4.6%
Debt€10,330-€6,084▼ 41.1%€2,733▼ 55.1%€5,497▲ 101%€14,750▲ 168%€47,753▲ 224%€42,546▼ 10.9%
Working capital€9,601-€24,292within the sector's middle half▲ 153%€27,220within the sector's middle half▲ 12.1%€19,442within the sector's middle half▼ 28.6%€26,754above the sector's middle half▲ 37.6%€37,999above the sector's middle half▲ 42.0%€38,369above the sector's middle half▲ 1.0%
Solvency60.1%-81.0%above the sector's middle half▲ 20.9pp91.2%above the sector's middle half▲ 10.2pp85.6%above the sector's middle half▼ 5.6pp74.0%above the sector's middle half▼ 11.6pp52.7%within the sector's middle half▼ 21.3pp55.8%within the sector's middle half▲ 3.1pp
Current ratio2.08-5.22above the sector's middle half▲ 3.1412.30above the sector's middle half▲ 7.084.76above the sector's middle half▼ 7.542.81above the sector's middle half▼ 1.951.80within the sector's middle half▼ 1.021.90within the sector's middle half▲ 0.11
Return on assets (ROA)31.5%-32.4%above the sector's middle half▲ 0.9pp7.9%within the sector's middle half▼ 24.4pp11.2%within the sector's middle half▲ 3.2pp16.4%above the sector's middle half▲ 5.3pp11.1%within the sector's middle half▼ 5.3pp10.3%within the sector's middle half▼ 0.9pp
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 15% lower than in 2024.
Turnover and EBIT margin are not published. The 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 €96,273
Fixed assets
€15,358 ▲ 1.1%
Current assets
€80,916 ▼ 5.6%
Equity and liabilities €96,273
Equity
€53,727 ▲ 1.0%
Debt
€42,546 ▼ 10.9%
Debt's share of the balance-sheet total falls from 47.3% to 44.2%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.79▼
2024 · 0.90
ROE
18.4%▼
2024 · 21.1%
Debt ≤ 1 year
€42,546▼
2024 · €47,753
Income taxes
€4,424▼
2024 · €5,551
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Financial fixed assets | €12,500 | €1,688 | - | €170 |
| Depreciation and write-downs of the year | €460 | - | - | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,553 | €5,477 | €460 | €460 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,561 | €486 | €1,539 | €1,035 | ▼ 32.7% |
| Gross operating margin9900 | €21,750 | €20,458 | €4,993 | €11,252 | €16,021 | €18,217 | €15,249 | ▼ 16.3% |
| Operating profit (loss)9901 | €13,998 | €13,401 | €3,668 | €9,232 | €15,535 | €16,678 | €14,214 | ▼ 14.8% |
| Financial income75/76B | - | - | - | €18 | €22 | €257 | €311 | ▲ 21.1% |
| Recurring financial income75 | €323 | €535 | €103 | €18 | €22 | €257 | €311 | ▲ 21.1% |
| Financial charges65/66B | - | - | - | €1,118 | €399 | €138 | €222 | ▲ 60.2% |
| Recurring financial charges65 | €367 | €194 | €111 | €1,118 | €399 | €138 | €222 | ▲ 60.2% |
| Profit (loss) for the period before taxes9903 | €13,954 | €13,742 | €3,660 | €8,132 | €15,158 | €16,797 | €14,303 | ▼ 14.8% |
| Income taxes67/77 | €5,805 | €3,394 | €1,191 | €3,870 | €5,834 | €5,551 | €4,424 | ▼ 20.3% |
| Profit (loss) for the period9904 | €8,149 | €10,348 | €2,469 | €4,262 | €9,324 | €11,245 | €9,879 | ▼ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €8,149 | €10,348 | €2,469 | €4,262 | €9,324 | €11,245 | €9,879 | ▼ 12.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €25,869 | €31,970 | €31,088 | €38,115 | €56,692 | €100,940 | €96,273 | ▼ 4.6% |
| Fixed assets21/28 | €7,396 | €1,920 | €1,460 | €13,500 | €15,188 | €15,188 | €15,358 | ▲ 1.1% |
| Tangible fixed assets22/27 | €6,396 | €920 | €460 | - | - | - | - | - |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €13,500 | €15,188 | €15,188 | €15,358 | ▲ 1.1% |
| Current assets29/58 | €18,473 | €30,051 | €29,629 | €24,615 | €41,504 | €85,752 | €80,916 | ▼ 5.6% |
| Amounts receivable after more than one year29 | - | - | - | €16,000 | €16,000 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €16,000 | €16,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €7,382 | €15,311 | €3,034 | €1,238 | €16,833 | €59,247 | €47,774 | ▼ 19.4% |
| Trade receivables40 | - | - | - | - | €5,612 | €9,914 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €1,238 | €11,221 | €49,333 | €47,774 | ▼ 3.2% |
| Cash at bank and in hand54/58 | €11,090 | €14,740 | €13,595 | €7,377 | €8,521 | €26,348 | €32,670 | ▲ 24.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €150 | €158 | €472 | ▲ 200% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €25,869 | €31,970 | €31,088 | €38,115 | €56,692 | €100,940 | €96,273 | ▼ 4.6% |
| Equity10/15 | €15,539 | €25,887 | €28,355 | €32,618 | €41,942 | €53,187 | €53,727 | ▲ 1.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | - | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | - | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | - | - | - |
| Reserves13 | €9,339 | €19,687 | €22,155 | €26,418 | €35,742 | €46,987 | €47,527 | ▲ 1.1% |
| Distributable reserves133 | - | - | - | €26,418 | €35,742 | €46,987 | €47,527 | ▲ 1.1% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | - |
| Amounts payable17/49 | €10,330 | €6,084 | €2,733 | €5,497 | €14,750 | €47,753 | €42,546 | ▼ 10.9% |
| Amounts payable after more than one year17 | €1,134 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €8,871 | €5,759 | €2,408 | €5,172 | €14,750 | €47,753 | €42,546 | ▼ 10.9% |
| Trade debts44 | €352 | €779 | €333 | €1,538 | €1,022 | €732 | €737 | ▲ 0.6% |
| Suppliers440/4 | - | - | - | €1,538 | €1,022 | €732 | €737 | ▲ 0.6% |
| Advances received on contracts in progress46 | - | - | - | - | €5,123 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,634 | €8,605 | €9,221 | €3,253 | ▼ 64.7% |
| Taxes450/3 | - | - | - | €3,634 | €8,605 | €9,221 | €3,253 | ▼ 64.7% |
| Other amounts payable47/48 | - | - | - | - | - | €37,800 | €38,556 | ▲ 2.0% |
| Accrued charges and deferred income492/3 | - | - | - | €325 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,149 | €10,348 | €2,469 | €4,262 | €9,324 | €11,245 | €9,879 | ▼ 12.1% |
| + Depreciation and write-downs630 | €6,553 | €5,477 | €460 | €460 | - | - | - | - |
| Operating cash flow (approximation) | €14,702 | €15,824 | €2,928 | €4,722 | €9,324 | €11,245 | €9,879 | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€12,500 | -€1,688 | €0 | -€170 | - |
| Change in cash | - | €3,649 | -€1,145 | -€6,218 | €1,144 | €17,826 | €6,322 | ▼ 64.5% |
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, 34,693 companies had the same profile as IMPACT PROJECTS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of IMPACT PROJECTS 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 34,693 companies, not a prediction for IMPACT PROJECTS. 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 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00023550 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00021238 | |
| 30-06-2023 | micro format | 23-02-2024 | 2024-00034512 | |
| 30-06-2022 | micro format | 01-02-2023 | 2023-00017802 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-03500358 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03400431 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03400428 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03800303 | |
| 30-06-2017 | micro format | 01-02-2018 | 2018-04100315 | |
| 30-06-2016 | abbreviated format | 03-02-2017 | 2017-03900005 |