IMPART
ActiveSummary
IMPART has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €822,233 and a net result of €27,003. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 16.44 against 8.78 in 2024; short-term debt: 3.4% and cash: 7% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.2%
Return on assets
2.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
20 d early
2023
23 d early
2022
25 d early
2021
25 d late
2020
11 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€27,003▼ 44.2%
2024 · €48,406
Working capital
€523,929▲ 13.2%
2024 · €462,670
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€857,624▲ 1,688%€36,864▼ 95.7%€30,412▼ 17.5%-€7,068€15,999
Net result€580,190above the sector's middle half▲ 1,933%-€59,548below the sector's middle half€104,371above the sector's middle half€48,406within the sector's middle half▼ 53.6%€27,003within the sector's middle half▼ 44.2%
Equity€702,000within the sector's middle half▲ 319%€642,452within the sector's middle half▼ 8.5%€746,823within the sector's middle half▲ 16.2%€795,230within the sector's middle half▲ 6.5%€822,233within the sector's middle half▲ 3.4%
Total assets€1.3mwithin the sector's middle half▲ 67.5%€1.2mwithin the sector's middle half▼ 9.1%€1.2mwithin the sector's middle half▼ 1.7%€1.0mwithin the sector's middle half▼ 13.4%€988,395below the sector's middle half▼ 2.6%
Debt€609,790▼ 0.9%€550,089▼ 9.8%€425,670▼ 22.6%€220,044▼ 48.3%€166,162▼ 24.5%
Working capital€580,380▲ 2,138%€527,702▼ 9.1%€637,313▲ 20.8%€462,670▼ 27.4%€523,929▲ 13.2%
Solvency53.5%within the sector's middle half▲ 32.1pp53.9%within the sector's middle half▲ 0.4pp63.7%above the sector's middle half▲ 9.8pp78.3%above the sector's middle half▲ 14.6pp83.2%above the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €15,999 after a loss of €7,068 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €988,395
Fixed assets
€430,535 ▼ 12.7%
Current assets
€557,860 ▲ 6.8%
Equity and liabilities €988,395
Equity
€822,233 ▲ 3.4%
Debt
€166,162 ▼ 24.5%
Debt's share of the balance-sheet total falls from 21.7% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78,574▲
2024 · €65,587
Cash flow
€89,578▼
2024 · €121,061
Current ratio
16.44▲
2024 · 8.78
Debt to equity
0.20▼
2024 · 0.28
ROE
3.3%▼
2024 · 6.1%
ROA
2.7%▼
2024 · 4.8%
Interest coverage
12.36▲
2024 · -6.27
Debt ≤ 1 year
€33,931▼
2024 · €59,494
Debt > 1 year
€130,733▼
2024 · €159,251
Income taxes
€3,202▼
2024 · €4,841
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €834,684 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,817 | €62,817 | €62,575 | €72,655 | €62,575 | ▼ 13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €790 | €0 | ▼ 100% |
| Other operating charges640/8 | €12,463 | €10,594 | €13,203 | €13,711 | €14,446 | ▲ 5.4% |
| Gross operating margin9900 | €932,904 | €110,275 | €106,189 | €80,088 | €93,019 | ▲ 16.1% |
| Operating profit (loss)9901 | €857,624 | €36,864 | €30,412 | -€7,068 | €15,999 | ▲ 326% |
| Financial income75/76B | €0 | €17,942 | €19,011 | €49,860 | €20,563 | ▼ 58.8% |
| Recurring financial income75 | €0 | €17,942 | €19,011 | €49,860 | €20,563 | ▼ 58.8% |
| Financial charges65/66B | €6,530 | €106,439 | -€66,165 | -€10,455 | €6,356 | ▲ 161% |
| Recurring financial charges65 | €6,530 | €106,439 | -€66,165 | -€10,455 | €6,356 | ▲ 161% |
| Profit (loss) for the period before taxes9903 | €851,095 | -€51,633 | €115,587 | €53,247 | €30,205 | ▼ 43.3% |
| Income taxes67/77 | €270,905 | €7,915 | €11,216 | €4,841 | €3,202 | ▼ 33.9% |
| Profit (loss) for the period9904 | €580,190 | -€59,548 | €104,371 | €48,406 | €27,003 | ▼ 44.2% |
| Profit (loss) for the period to be appropriated9905 | €580,190 | -€59,548 | €104,371 | €48,406 | €27,003 | ▼ 44.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.2m | €1.2m | €1.0m | €988,395 | ▼ 2.6% |
| Fixed assets21/28 | €597,077 | €534,260 | €471,685 | €493,110 | €430,535 | ▼ 12.7% |
| Tangible fixed assets22/27 | €597,077 | €534,260 | €471,685 | €493,110 | €430,535 | ▼ 12.7% |
| Land and buildings22 | €597,077 | €534,260 | €471,685 | €493,110 | €430,535 | ▼ 12.7% |
| Current assets29/58 | €714,713 | €658,281 | €700,809 | €522,164 | €557,860 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €4,248 | €7,468 | €2,396 | €3,333 | €3,133 | ▼ 6.0% |
| Trade receivables40 | €4,248 | - | €2,258 | €2,174 | €166 | ▼ 92.4% |
| Other amounts receivable41 | - | €7,468 | €138 | €1,159 | €2,967 | ▲ 156% |
| Current investments50/53 | €357,714 | €565,129 | €634,779 | €367,955 | €465,457 | ▲ 26.5% |
| Cash at bank and in hand54/58 | €320,726 | €80,072 | €34,445 | €116,857 | €69,011 | ▼ 40.9% |
| Deferred charges and accrued income490/1 | €32,024 | €5,612 | €29,188 | €34,017 | €20,260 | ▼ 40.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.2m | €1.0m | €988,395 | ▼ 2.6% |
| Equity10/15 | €702,000 | €642,452 | €746,823 | €795,230 | €822,233 | ▲ 3.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €640,000 | €640,000 | €684,823 | €733,230 | €760,233 | ▲ 3.7% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €633,800 | €633,800 | €678,623 | €727,030 | €754,033 | ▲ 3.7% |
| Profit (loss) carried forward14 | - | -€59,548 | - | - | - | - |
| Amounts payable17/49 | €609,790 | €550,089 | €425,670 | €220,044 | €166,162 | ▼ 24.5% |
| Amounts payable after more than one year17 | €475,457 | €419,510 | €361,403 | €159,251 | €130,733 | ▼ 17.9% |
| Financial debts170/4 | €464,857 | €406,750 | €348,643 | €142,591 | €114,073 | ▼ 20.0% |
| Other amounts payable178/9 | €10,600 | €12,760 | €12,760 | €16,660 | €16,660 | = |
| Amounts payable within one year42/48 | €134,333 | €130,579 | €63,496 | €59,494 | €33,931 | ▼ 43.0% |
| Current portion of amounts payable after more than one year42 | €58,107 | €58,107 | €58,107 | €28,518 | €28,518 | = |
| Trade debts44 | €972 | €1,176 | €1,185 | €22,122 | €524 | ▼ 97.6% |
| Suppliers440/4 | €972 | €1,176 | €1,185 | €22,122 | €524 | ▼ 97.6% |
| Taxes, remuneration and social security45 | €74,219 | €70,905 | €4,013 | €8,853 | €4,841 | ▼ 45.3% |
| Taxes450/3 | €74,219 | €70,905 | €4,013 | €8,853 | €4,841 | ▼ 45.3% |
| Other amounts payable47/48 | €1,036 | €391 | €192 | €0 | €48 | - |
| Accrued charges and deferred income492/3 | - | - | €771 | €1,300 | €1,498 | ▲ 15.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €580,190 | -€59,548 | €104,371 | €48,406 | €27,003 | ▼ 44.2% |
| + Depreciation and write-downs630 | €62,817 | €62,817 | €62,575 | €72,655 | €62,575 | ▼ 13.9% |
| Operating cash flow (approximation) | €643,007 | €3,269 | €166,946 | €121,061 | €89,578 | ▼ 26.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€94,080 | €0 | ▲ 100% |
| Change in cash | - | -€240,654 | -€45,627 | €82,412 | -€47,847 | ▼ 158% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €104,371
Net result €104,371 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 11.04
Current ratio from 5.04 to 11.04; short-term debt falls from €130,579 to €63,496.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€59,548
Net result drops to -€59,548, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Highest result since 2018net €580,190 ▲1,933%
Operating result €857,624, net result €580,190, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 5.32
Current ratio from 1.36 to 5.32.
31-12
Financial
Equity above €500,000Eq €702,000 ▲319%
4 profitable years in a row build equity to €702,000.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.36
Current ratio from 0.64 to 1.36; short-term debt falls from €106,744 to €72,699.
31-12
Financial
Equity above €150,000Eq €176,503 ▲52.5%
2 profitable years in a row build equity to €176,503.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Destelbergen · 1 establishment unit since 2016
Ground area
785 m²
Building footprint
151 m²
Volume, LiDAR
915 m³
Parcel 44028B0111/00L000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMPART
since 20162.259.447.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028B0111/00L000 | Flanders | 785 m² | 1 · 151 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 4,936 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-02-1991
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443476080
Also
9925:BE0443476080
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.