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IMPAGO

Active Risk: not assessed
Private limited companyfounded 2015active for 11 yearsIndustriepark-West 53, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0639.832.091

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00421460.

Annual accounts 2025 filed on 25-08-2026 at the NBB all 10 filings

Amounts without an identifiable currency are taken as euros.

Equity
€309,376▲ 1.2%
2024 · €305,727
Net result
€263,649▲ 55.7%
2024 · €169,366
Total assets
€593,697▲ 27.6%
2024 · €465,262
Solvency
52.1%▼ 13.6pp
2024 · 65.7%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 46% higher than in 2024. It is a recovery after the fall in 2024.

Operating result€311,079 2025 Net result€263,649 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€214,359-€235,287▲ 9.8%€229,232▼ 2.6%€123,937▼ 45.9%€174,853▲ 41.1%€467,386▲ 167%€212,530▼ 54.5%€311,079▲ 46.4%
Net result€192,280-€237,918▲ 23.7%€172,726above the sector's middle half▼ 27.4%€86,990within the sector's middle half▼ 49.6%€168,363within the sector's middle half▲ 93.5%€419,028above the sector's middle half▲ 149%€169,366within the sector's middle half▼ 59.6%€263,649above the sector's middle half▲ 55.7%
Equity€620,372-€624,122▲ 0.6%€545,979within the sector's middle half▼ 12.5%€507,969within the sector's middle half▼ 7.0%€526,333within the sector's middle half▲ 3.6%€270,361within the sector's middle half▼ 48.6%€305,727within the sector's middle half▲ 13.1%€309,376within the sector's middle half▲ 1.2%
Total assets€853,898-€856,883▲ 0.3%€553,350within the sector's middle half▼ 35.4%€644,577within the sector's middle half▲ 16.5%€687,098within the sector's middle half▲ 6.6%€969,871within the sector's middle half▲ 41.2%€465,262below the sector's middle half▼ 52.0%€593,697within the sector's middle half▲ 27.6%
Debt€231,411-€232,396▲ 0.4%€7,371▼ 96.8%€136,608▲ 19×€160,765▲ 17.7%€699,510▲ 335%€159,535▼ 77.2%€284,321▲ 78.2%
Working capital€47,906-€105,050▲ 119%€79,711within the sector's middle half▼ 24.1%€93,391within the sector's middle half▲ 17.2%€163,090within the sector's middle half▲ 74.6%-€27,829below the sector's middle half€10,515within the sector's middle half€16,630within the sector's middle half▲ 58.2%
Solvency72.7%-72.8%▲ 0.2pp98.7%above the sector's middle half▲ 25.8pp78.8%above the sector's middle half▼ 19.9pp76.6%above the sector's middle half▼ 2.2pp27.9%within the sector's middle half▼ 48.7pp65.7%within the sector's middle half▲ 37.8pp52.1%within the sector's middle half▼ 13.6pp
Current ratio1.21-1.45▲ 0.2511.81above the sector's middle half▲ 10.361.68within the sector's middle half▼ 10.132.01within the sector's middle half▲ 0.330.96within the sector's middle half▼ 1.051.07within the sector's middle half▲ 0.111.06within the sector's middle half▼ 0.01
Return on assets (ROA)22.5%-27.8%▲ 5.2pp31.2%above the sector's middle half▲ 3.4pp13.5%within the sector's middle half▼ 17.7pp24.5%above the sector's middle half▲ 11.0pp43.2%above the sector's middle half▲ 18.7pp36.4%above the sector's middle half▼ 6.8pp44.4%above the sector's middle half▲ 8.0pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
above within below The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). 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.
Turnover and EBIT margin are not published. The abbreviated 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 €593,697
Fixed assets €292,746 ▼ 0.8%
Current assets €300,951 ▲ 77.0%
Equity and liabilities €593,697
Equity €309,376 ▲ 1.2%
Debt €284,321 ▲ 78.2%
Debt's share of the balance-sheet total rises from 34.3% to 47.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
85.2%▲
2024 · 55.4%
Debt ≤ 1 year
€284,321▲
2024 · €159,535
Income taxes
€47,883▲
2024 · €46,915
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€465,262€593,697▲
Fixed assets21/28€295,212€292,746▼
Tangible fixed assets22/27€295,212€292,746▼
Land and buildings22€295,212€292,746▼
Current assets29/58€170,050€300,951▲
Amounts receivable within one year40/41€128,202€29,975▼
Trade receivables40€26,217€27,858▲
Other amounts receivable41€101,985€2,117▼
Cash at bank and in hand54/58€37,535€269,249▲
Deferred charges and accrued income490/1€4,313€1,727▼
Equity and liabilities
Total equity and liabilities10/49€465,262€593,697▲
Equity10/15€305,727€309,376▲
Contributions10/11€114,513€114,513=
Reserves13€191,214€194,863▲
Distributable reserves133€191,214€194,863▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€159,535€284,321▲
Amounts payable within one year42/48€159,535€284,321▲
Trade debts44€20,037€6,486▼
Suppliers440/4€20,037€6,486▼
Taxes, remuneration and social security45€5,498€17,835▲
Taxes450/3€5,498€17,835▲
Other amounts payable47/48€134,000€260,000▲
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,977€2,467▼
Other operating charges640/8€26,304€27,957▲
Gross operating margin9900€241,811€341,503▲
Operating profit (loss)9901€212,530€311,079▲
Financial income75/76B€4,313€1,056▼
Recurring financial income75€4,313€1,056▼
Financial charges65/66B€561€604▲
Recurring financial charges65€561€604▲
Profit (loss) for the period before taxes9903€216,281€311,532▲
Income taxes67/77€46,915€47,883▲
Profit (loss) for the period9904€169,366€263,649▲
Profit (loss) for the period to be appropriated9905€169,366€263,649▲
Appropriation of the result
Profit (loss) to be appropriated9906€169,366€263,649▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€35,366€3,649▼
To other reserves6921€35,366€3,649▼
Profit to be distributed694/7€134,000€260,000▲
Return on contributions (dividend)694€105,000€140,000▲
Directors or managers695€29,000€120,000▲
Social balance sheet
Average headcount (FTE)90870.00.0=

The notes to these accounts have 5 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 25-08-2026.

Line20182019202020212022202320242025Change
Non-recurring operating income76A-----€358,126€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56,362€55,144€53,169€51,690€51,336€23,179€2,977€2,467▼ 17.1%
Other operating charges640/8---€23,435€23,454€25,539€26,304€27,957▲ 6.3%
Gross operating margin9900€292,002€312,262€305,671€199,061€249,643€516,104€241,811€341,503▲ 41.2%
Operating profit (loss)9901€214,359€235,287€229,232€123,937€174,853€467,386€212,530€311,079▲ 46.4%
Financial income75/76B-----€206€4,313€1,056▼ 75.5%
Recurring financial income75€4,168€4,168€869--€206€4,313€1,056▼ 75.5%
Financial charges65/66B---€302€329€533€561€604▲ 7.6%
Recurring financial charges65€255€255€265€302€329€533€561€604▲ 7.6%
Profit (loss) for the period before taxes9903€218,272€239,200€229,837€123,634€174,524€467,059€216,281€311,532▲ 44.0%
Income taxes67/77€27,743€3,032€57,476€36,644€6,161€48,031€46,915€47,883▲ 2.1%
Profit (loss) for the period9904€192,280€237,918€172,726€86,990€168,363€419,028€169,366€263,649▲ 55.7%
Transfer from tax-exempt reserves789---€37,680-----
Profit (loss) for the period to be appropriated9905€192,280€237,918€172,726€124,670€168,363€419,028€169,366€263,649▲ 55.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€853,898€856,883€553,350€644,577€687,098€969,871€465,262€593,697▲ 27.6%
Formation expenses20€0€0€0------
Fixed assets21/28€574,582€519,437€466,268€414,578€363,242€298,189€295,212€292,746▼ 0.8%
Intangible fixed assets21€0€0€0------
Tangible fixed assets22/27€574,582€519,437€466,268€414,578€363,242€298,189€295,212€292,746▼ 0.8%
Land and buildings22---€414,578€363,242€298,189€295,212€292,746▼ 0.8%
Financial fixed assets28€0€0€0------
Current assets29/58€279,317€337,446€87,082€229,998€323,856€671,681€170,050€300,951▲ 77.0%
Stocks and contracts in progress3€0€0€0------
Amounts receivable within one year40/41€50,578€49,313€64,906€18,149€50,803€526,333€128,202€29,975▼ 76.6%
Trade receivables40---€14,749€12,003€24,433€26,217€27,858▲ 6.3%
Other amounts receivable41---€3,400€38,800€501,900€101,985€2,117▼ 97.9%
Current investments50/53€0€0€0------
Cash at bank and in hand54/58€228,738€288,133€22,176€211,850€273,053€145,142€37,535€269,249▲ 617%
Deferred charges and accrued income490/1-----€205€4,313€1,727▼ 60.0%
Equity and liabilities
Total equity and liabilities10/49€853,898€856,883€553,350€644,577€687,098€969,871€465,262€593,697▲ 27.6%
Equity10/15€620,372€624,122€545,979€507,969€526,333€270,361€305,727€309,376▲ 1.2%
Contributions10/11€114,513€114,513-€114,513€114,513€114,513€114,513€114,513=
Reserves13€332,427€332,427€82,427€44,747€44,747€155,848€191,214€194,863▲ 1.9%
Distributable reserves133---€44,747€44,747€155,848€191,214€194,863▲ 1.9%
Profit (loss) carried forward14€168,395€176,314€349,039€348,710€367,073-€0€0-
Provisions and deferred taxes16€2,116€365-------
Amounts payable17/49€231,411€232,396€7,371€136,608€160,765€699,510€159,535€284,321▲ 78.2%
Amounts payable within one year42/48€231,411€232,396€7,371€136,608€160,765€699,510€159,535€284,321▲ 78.2%
Trade debts44€1,813€1,658€6,414€10,528€10,217€19,072€20,037€6,486▼ 67.6%
Suppliers440/4---€10,528€10,217€19,072€20,037€6,486▼ 67.6%
Taxes, remuneration and social security45---€1,079€549€5,438€5,498€17,835▲ 224%
Taxes450/3---€1,079€549€5,438€5,498€17,835▲ 224%
Other amounts payable47/48---€125,000€150,000€675,000€134,000€260,000▲ 94.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€192,280€237,918€172,726€86,990€168,363€419,028€169,366€263,649▲ 55.7%
+ Depreciation and write-downs630€56,362€55,144€53,169€51,690€51,336€23,179€2,977€2,467▼ 17.1%
Operating cash flow (approximation)€248,642€293,063€225,895€138,680€219,699€442,207€172,344€266,115▲ 54.4%
Investment in fixed assets (approximation)-€0€0€0€0€41,874€0€0-
Change in cash-€59,394-€265,956€189,673€61,203-€127,910-€107,608€231,714-

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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Filings with the National Bank (10)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 25-08-2026 2026-00421460 PDF
31-12-2024 abbreviated format 27-06-2025 2025-00186726 PDF
31-12-2023 abbreviated format 19-06-2024 2024-00140074 PDF
31-12-2022 abbreviated format 12-06-2023 2023-00118301 PDF
31-12-2021 abbreviated format 13-06-2022 2022-20058334 PDF
31-12-2020 abbreviated format 17-06-2021 2021-20500552 PDF
31-12-2019 abbreviated format 29-07-2020 2020-35200475 PDF
31-12-2018 abbreviated format 27-06-2019 2019-23000283 PDF
31-12-2017 abbreviated format 21-06-2018 2018-20400297 PDF
31-12-2016 abbreviated format 28-06-2017 2017-22600567 PDF

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