Imperbel
ActiveSummary
Imperbel has been active since 1932 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31.5m and a net result of €1.4m. Equity has been growing by about 3.2% per year since 2018. Its solvency ranks better than 68% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-01-1932 Normal situation
- Registered office
- 17 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Roofing work NACE 43410
- Joint committees
- 124 Construction
- 200 Auxiliary committee for white-collar workers
- 116 Chemical industry · annual accounts 2025and 1 other
- Establishment units
- 2.039.121.726 1654 Beersel, since 01-01-1932
- 2.189.164.690 1360 Perwez, since 01-06-1932
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Daniel Joseph CurtinDirector
- Howard John TaylorDirector
- Olaf Van VonnoDirector
- Auditor
- EY Bedrijfsrevisoren BV
Shareholders
- KINGSPAN HOLDING BELGIUM100%· score 93annual accounts 2025
- Kingspan Group plcconsolidatesannual accounts 2025
- Holdings
- Shares in 5 companies including DERBIGUM NORGE AS and DERBIGUM SVERIGE AB
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts 2025
- Turnover
- €72.5m
- ▲ 0.9%
- Profit
- €1.4m
- ▼ 65.3%
- Equity
- €31.5m
- ▲ 4.5%
- Total assets
- €55.6m
- ▼ 51.3%
- Employees on 31-12-2025
- 151
- ▼ 1.9%
Standalone figures, without subsidiaries
Score breakdownraises riskLiquidity: current ratio 1.86, cash €1.5mSector: Specialised construction activities (NACE 43)lowers riskFounded in 1932Size: turnover €72.5m, 151.2 FTE, total assets €55.6m, files consolidated accountsShow the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of medium-sized companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency
82+31
equity 56.6% of total assets
Liquidity
44+28
short-term debt 25.4% · cash 2.7%
Profitability
39-21
return on assets 2.4%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Credit of up to €2,800,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.86 (1.15 in 2024), above the usual 1.5. Short-term debt is 25.4% and cash 2.7% of total assets. 43.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, medium-sized). It does better than 81% of them on solvency, 62% on liquidity, 21% on profitability and 45% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 16-06-2026, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
45 days early
2024
16 days early
2023
43 days early
2022
42 days early
2021
18 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 33 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format, standalone accounts
Annual accounts 2025 filed on 16-06-2026 at the NBB Consolidated accounts 2025 at the NBB all 84 filings
Turnover
€72.5m▲ 0.9%
2024 · €71.8m
EBIT margin
3.3%▼ 2.1pp
2024 · 5.3%
Net result
€1.4m▼ 65.3%
2024 · €3.9m
Working capital
€12.1m▲ 4.5%
2024 · €11.6m
In the rankings
#1 company by equity in Beersel, Construction sector#1 oldest company in Beersel, Construction sector#2 company by total assets in Beersel, Construction sector
Multi-year overview
2018 to 2025, 7 financial yearsTurnover
€72.5m
▲ 0.9%
2025
20182025
Operating result
€2.4m
▼ 38.4%
2025
20182025
Net result
€1.4m
▼ 65.3%
2025
highest quarter of the sector
20182025
EBIT margin
3.3%
▼ 2.1pp
2025
20182025
Equity
€31.5m
▲ 4.5%
2025
highest quarter of the sector
20182025
Total assets
€55.6m
▼ 51.3%
2025
highest quarter of the sector
20182025
Debt
€22.8m
▼ 72.4%
2025
20182025
Working capital
€12.1m
▲ 4.5%
2025
highest quarter of the sector
20182025
Solvency
56.6%
▲ 30.2pp
2025
middle half of the sector
20182025
Current ratio
1.86
▲ 0.71
2025
middle half of the sector
20182025
Return on assets (ROA)
2.4%
▼ 1.0pp
2025
middle half of the sector
20182025
Staff (FTE)
151.2
▼ 2.3%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202022202320242025
Turnover€55.6m-€56.5m▲ 1.6%€57.6m▲ 1.9%€84.0m-€72.4m▼ 13.8%€71.8m▼ 0.8%€72.5m▲ 0.9%
Operating result€1.5m--€1.7m€2.4m-€2.0m--€0.2m▲ 88.6%€3.8m€2.4m▼ 38.4%
Net result€0.3m--€2.5m€1.5mabove the sector's middle half-€5.2mbelow the sector's middle half-€3.4mabove the sector's middle half€3.9mabove the sector's middle half▲ 14.7%€1.4mabove the sector's middle half▼ 65.3%
EBIT margin2.7%--3.0%▼ 5.8pp4.1%▲ 7.1pp-2.4%--0.3%▲ 2.1pp5.3%▲ 5.7pp3.3%▼ 2.1pp
Equity€25.3m-€22.8m▼ 10.0%€23.6mabove the sector's middle half▲ 3.8%€22.8mabove the sector's middle half-€26.2mabove the sector's middle half▲ 15.0%€30.1mabove the sector's middle half▲ 15.0%€31.5mabove the sector's middle half▲ 4.5%
Total assets€62.7m-€61.8m▼ 1.5%€57.2mabove the sector's middle half▼ 7.5%€59.7mabove the sector's middle half-€76.4mabove the sector's middle half▲ 27.9%€114.3mabove the sector's middle half▲ 49.6%€55.6mabove the sector's middle half▼ 51.3%
Debt€37.0m-€38.5m▲ 3.9%€32.8m▼ 14.7%€34.8m-€48.1m▲ 38.3%€82.5m▲ 71.5%€22.8m▼ 72.4%
Working capital€9.4m-€3.7m▼ 60.2%€4.3mabove the sector's middle half▲ 14.7%€4.1mabove the sector's middle half-€9.0mabove the sector's middle half▲ 118%€11.6mabove the sector's middle half▲ 28.4%€12.1mabove the sector's middle half▲ 4.5%
Solvency40.3%-36.8%▼ 3.5pp41.3%within the sector's middle half▲ 4.5pp38.1%within the sector's middle half-34.3%within the sector's middle half▼ 3.8pp26.3%within the sector's middle half▼ 7.9pp56.6%within the sector's middle half▲ 30.2pp
Current ratio1.30-1.12▼ 0.181.17within the sector's middle half▲ 0.051.15within the sector's middle half-1.21within the sector's middle half▲ 0.061.15within the sector's middle half▼ 0.061.86within the sector's middle half▲ 0.71
Return on assets (ROA)0.4%--4.1%▼ 4.5pp2.6%within the sector's middle half▲ 6.6pp-8.7%below the sector's middle half-4.5%within the sector's middle half▲ 13.2pp3.4%within the sector's middle half▼ 1.0pp2.4%within the sector's middle half▼ 1.0pp
Staff (FTE)151-152.9▲ 1.3%147.3above the sector's middle half▼ 3.7%156.4above the sector's middle half-159.5above the sector's middle half▲ 2.0%154.7above the sector's middle half▼ 3.0%151.2above the sector's middle half▼ 2.3%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 38% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €55.6m
Fixed assets
€29.4m ▲ 24.2%
Current assets
€26.2m ▼ 71.0%
Equity and liabilities €55.6m
Equity
€31.5m ▲ 4.5%
Provisions
€1.4m ▼ 16.0%
Debt
€22.8m ▼ 72.4%
Debt's share of the balance-sheet total falls from 72.2% to 40.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.1m▼
2024 · €5.5m
Cash flow
€3.1m▼
2024 · €5.5m
Quick ratio
1.03▲
2024 · 0.99
Debt to equity
0.72▼
2024 · 2.74
ROE
4.3%▼
2024 · 13.0%
Interest coverage
1.90▼
2024 · 4.98
Debt ≤ 1 year
€14.1m▼
2024 · €79.0m
Debt > 1 year
€8.6m▲
2024 · €3.4m
Income taxes
€51,557▼
2024 · €120,706
Customer credit
32 days▼
2024 · 59 days
Supplier credit
32 days▲
2024 · 30 days
Staff costs
€15.4m▼
2024 · €16.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 154 | 162 | 154 | 151 |
| full-time | 145 | 151 | 146 | 144 |
| part-time | 9 | 11 | 8 | 7 |
| in full-time equivalents | 152 | 159.7 | 152.4 | 149.4 |
| Average over the year, in full-time equivalents | 156.4 | 159.5 | 154.7 | 151.2 |
| On a permanent contract | 143 | 149 | 147 | 146 |
| Joined | 28 | 30 | 10 | 9 |
| Left | 28 | 22 | 18 | 12 |
| Agency workers, average number | 25.4 | 13.3 | 6.4 | 11.5 |
| Training hours | - | - | - | 941 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2.0m | €3.4m | €2.3m | €2.6m | €1.5m |
| Intangible fixed assets | €164,097 | €301,645 | €91,796 | €12,953 | €7,883 |
| Financial fixed assets | €410,504 | €1,063 | - | - | €6.1m |
| Depreciation and write-downs of the year | €1.4m | €1.4m | €1.5m | €1.6m | €1.7m |
Source: notes to the 2020 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €40,800 | - | €63,657 | €72,000 | €56,689 |
| Other work by the auditor | - | €5,500 | - | - | - |
Source: notes to the 2020 to 2025 annual accounts (relations with the auditor)
Group figures
Imperbel heads a group. The consolidated accounts add up the company and its subsidiaries.
| Item | 2020 |
|---|---|
| Turnover | €88.2m |
| Operating result | €2.3m |
| Result for the year | €52,366 |
| Equity | €16.4m |
| Total assets | €52.6m |
Source: 2020 consolidated accounts
Subsidies and aid
European research
3 projects · 1 as coordinator · €537,609 EU contributionProgrammes
Projects
Improvement of the plastic packaging waste chain from a circular economy approach
4x4, demonstrating a flexible value chain to utilize biomass functionalities in the processing industry
Manufacturing technologies and equipment to produce low-cost PV bituminous-modified roofing membrane with full integration of high efficiency flexible thin-film silicon PV modules
Annual accounts
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | €57.8m | €57.6m | €57.6m | €90.6m | €76.6m | €73.1m | €74.8m | ▲ 2.3% |
| Turnover70 | €55.6m | €56.5m | €57.6m | €84.0m | €72.4m | €71.8m | €72.5m | ▲ 0.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €0.7m | -€0.1m | -€1.5m | €1.3m | €1.4m | -€0.6m | -€0.08m | ▲ 85.5% |
| Own construction capitalised72 | €0.3m | €0.4m | €0.2m | €0.03m | €0.02m | - | - | - |
| Other operating income74 | €1.1m | €0.8m | €1.1m | €0.9m | €2.7m | €1.9m | €2.5m | ▲ 29.8% |
| Non-recurring operating income76A | €0.01m | €0.02m | €0.3m | €4.4m | €0.05m | €0.03m | €0.008m | ▼ 76.9% |
| Operating charges60/66A | €56.3m | €59.3m | €55.2m | €92.6m | €76.8m | €69.3m | €72.5m | ▲ 4.6% |
| Goods for resale, raw materials and consumables60 | €30.5m | €31.6m | €28.9m | €51.7m | €40.4m | €39.1m | €38.3m | ▼ 1.8% |
| Purchases600/8 | €28.8m | €31.7m | €29.4m | €53.7m | €41.4m | €38.7m | €38.4m | ▼ 0.9% |
| Change in stocks: decrease (increase)609 | €1.8m | -€0.1m | -€0.5m | -€2.0m | -€1.0m | €0.3m | -€0.02m | - |
| Services and other goods61 | €11.2m | €10.8m | €10.7m | €16.7m | €18.7m | €13.2m | €15.9m | ▲ 20.7% |
| Remuneration, social security and pensions62 | €12.5m | €14.0m | €13.2m | €15.0m | €15.2m | €16.2m | €15.4m | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.0m | €1.8m | €1.4m | €1.4m | €1.5m | €1.6m | €1.7m | ▲ 4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€0.04m | €0.7m | €0.5m | €1.1m | €0.8m | -€1.0m | €0.7m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€0.2m | €0.1m | €0.2m | €1.7m | -€0.08m | €0.004m | €0.002m | ▼ 42.6% |
| Other operating charges640/8 | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | €0.2m | €0.3m | ▲ 7.0% |
| Non-recurring operating charges66A | - | €0.01m | - | €4.6m | - | €0.003m | €0.2m | ▲ 70× |
| Operating profit (loss)9901 | €1.5m | -€1.7m | €2.4m | -€2.0m | -€0.2m | €3.8m | €2.4m | ▼ 38.4% |
| Financial income75/76B | €2.0m | €0.4m | €0.6m | €4.1m | €5.2m | €1.8m | €1.6m | ▼ 10.8% |
| Recurring financial income75 | €1.0m | €0.4m | €0.6m | €4.1m | €0.6m | €1.8m | €1.6m | ▼ 10.8% |
| Income from financial fixed assets750 | €0.1m | €0.07m | €0.08m | €3.5m | - | €0.2m | €0.2m | ▼ 27.2% |
| Income from current assets751 | €0.09m | €0.09m | €0.04m | €0.1m | €0.2m | €1.3m | €1.2m | ▼ 8.7% |
| Other financial income752/9 | €0.8m | €0.3m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 6.1% |
| Non-recurring financial income76B | €1.0m | - | - | - | €4.6m | - | - | - |
| Financial charges65/66B | €3.2m | €1.2m | €1.3m | €7.1m | €1.4m | €1.6m | €2.6m | ▲ 58.7% |
| Recurring financial charges65 | €1.1m | €0.9m | €1.2m | €1.1m | €1.0m | €1.6m | €2.6m | ▲ 58.7% |
| Debt charges650 | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | €1.1m | €2.1m | ▲ 94.5% |
| Other financial charges652/9 | €0.6m | €0.5m | €0.9m | €0.8m | €0.8m | €0.5m | €0.4m | ▼ 15.3% |
| Non-recurring financial charges66B | €2.1m | €0.3m | €0.07m | €6.0m | €0.3m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.3m | -€2.5m | €1.7m | -€5.1m | €3.6m | €4.0m | €1.4m | ▼ 65.0% |
| Income taxes67/77 | €0.05m | €0.07m | €0.3m | €0.1m | €0.2m | €0.1m | €0.05m | ▼ 57.3% |
| Taxes670/3 | €0.05m | €0.07m | €0.3m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 7.1% |
| Tax adjustments and reversals of tax provisions77 | - | - | €0.008m | €0.02m | €0.08m | - | €0.06m | - |
| Profit (loss) for the period9904 | €0.3m | -€2.5m | €1.5m | -€5.2m | €3.4m | €3.9m | €1.4m | ▼ 65.3% |
| Transfer to tax-exempt reserves689 | €0.06m | - | €0.8m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | -€2.5m | €0.7m | -€5.2m | €3.4m | €3.9m | €1.4m | ▼ 65.3% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €62.7m | €61.8m | €57.2m | €59.7m | €76.4m | €114.3m | €55.6m | ▼ 51.3% |
| Fixed assets21/28 | €22.1m | €26.4m | €27.5m | €27.6m | €24.3m | €23.7m | €29.4m | ▲ 24.2% |
| Intangible fixed assets21 | €0.6m | €0.6m | €0.6m | €0.7m | €0.6m | €0.4m | €0.3m | ▼ 30.8% |
| Tangible fixed assets22/27 | €10.8m | €15.3m | €16.1m | €16.7m | €17.7m | €17.2m | €17.0m | ▼ 1.2% |
| Land and buildings22 | €3.5m | €3.3m | €5.1m | €4.3m | €4.6m | €4.7m | €4.5m | ▼ 4.3% |
| Plant, machinery and equipment23 | €2.4m | €2.7m | €10.6m | €10.2m | €11.3m | €11.0m | €10.6m | ▼ 3.9% |
| Furniture and vehicles24 | €0.5m | €0.5m | €0.4m | €0.5m | €0.4m | €0.3m | €0.3m | ▲ 1.9% |
| Other tangible fixed assets26 | - | - | - | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 13.7% |
| Assets under construction and advance payments27 | €4.5m | €8.8m | €0.03m | €1.4m | €0.9m | €0.6m | €1.1m | ▲ 82.7% |
| Financial fixed assets28 | €10.7m | €10.5m | €10.9m | €10.2m | €6.0m | €6.0m | €12.1m | ▲ 101% |
| Affiliated companies280/1 | €10.6m | €10.5m | €10.9m | €10.2m | €6.0m | €6.0m | €12.1m | ▲ 101% |
| Participating interests280 | €10.6m | €10.5m | €10.9m | €10.2m | €6.0m | €6.0m | €12.1m | ▲ 101% |
| Companies linked by participating interests282/3 | €0.005m | €0.005m | €0.005m | - | - | - | - | - |
| Participating interests282 | €0.005m | €0.005m | €0.005m | - | - | - | - | - |
| Other financial fixed assets284/8 | €0.02m | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Amounts receivable and cash guarantees285/8 | €0.02m | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €40.7m | €35.4m | €29.7m | €32.1m | €52.1m | €90.6m | €26.2m | ▼ 71.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.2m | €0.5m | €0.6m | ▲ 37.3% |
| Other amounts receivable291 | - | - | - | - | €0.2m | €0.5m | €0.6m | ▲ 37.3% |
| Stocks and contracts in progress3 | €11.0m | €10.8m | €9.7m | €11.2m | €12.6m | €12.4m | €11.7m | ▼ 5.3% |
| Stocks30/36 | €11.0m | €10.8m | €9.7m | €11.2m | €12.6m | €12.4m | €11.7m | ▼ 5.3% |
| Raw materials and consumables30/31 | €4.4m | €4.9m | €5.2m | €5.3m | €4.8m | €5.0m | €5.0m | ▼ 0.6% |
| Work in progress32 | €0.1m | €0.1m | €0.07m | €0.003m | €0.02m | €0.03m | €0.008m | ▼ 69.4% |
| Finished goods33 | €4.1m | €3.9m | €2.5m | €4.4m | €5.7m | €5.2m | €4.7m | ▼ 9.1% |
| Goods purchased for resale34 | €2.4m | €1.9m | €1.9m | €1.5m | €2.0m | €2.1m | €2.0m | ▼ 6.7% |
| Advance payments36 | €0.03m | €0.01m | €0.02m | €0.03m | - | - | - | - |
| Amounts receivable within one year40/41 | €23.9m | €21.6m | €17.3m | €15.2m | €38.1m | €75.3m | €12.1m | ▼ 83.9% |
| Trade receivables40 | €13.7m | €9.7m | €8.0m | €12.1m | €14.3m | €11.6m | €6.4m | ▼ 44.6% |
| Other amounts receivable41 | €10.2m | €11.9m | €9.3m | €3.2m | €23.8m | €63.7m | €5.7m | ▼ 91.1% |
| Current investments50/53 | €3.7m | €2.1m | €0.001m | €294 | - | - | - | - |
| Other investments51/53 | €3.7m | €2.1m | €0.001m | €294 | - | - | - | - |
| Cash at bank and in hand54/58 | €1.6m | €0.5m | €2.6m | €5.5m | €1.1m | €2.3m | €1.5m | ▼ 36.5% |
| Deferred charges and accrued income490/1 | €0.5m | €0.4m | €0.2m | €0.2m | €0.06m | €0.1m | €0.3m | ▲ 162% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €62.7m | €61.8m | €57.2m | €59.7m | €76.4m | €114.3m | €55.6m | ▼ 51.3% |
| Equity10/15 | €25.3m | €22.8m | €23.6m | €22.8m | €26.2m | €30.1m | €31.5m | ▲ 4.5% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | €1.2m | €1.2m | €1.2m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | €1.2m | €1.2m | €1.2m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €24.1m | €21.5m | €22.4m | €21.0m | €24.4m | €28.4m | €29.7m | ▲ 4.8% |
| Non-distributable reserves130/1 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 35.1% |
| Legal reserve130 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 40.2% |
| Reserves not available under the articles1311 | €0.02m | €0.02m | - | - | - | - | - | - |
| Other1319 | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Tax-exempt reserves132 | €0.3m | €0.2m | €1.0m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Distributable reserves133 | €23.6m | €21.2m | €21.2m | €20.7m | €24.1m | €28.0m | €29.3m | ▲ 4.7% |
| Provisions and deferred taxes16 | €0.4m | €0.6m | €0.7m | €2.2m | €2.1m | €1.7m | €1.4m | ▼ 16.0% |
| Provisions for liabilities and charges160/5 | €0.4m | €0.6m | €0.7m | €2.2m | €2.1m | €1.7m | €1.4m | ▼ 16.0% |
| Pensions and similar obligations160 | €0.05m | €0.04m | €0.002m | - | - | - | - | - |
| Environmental obligations163 | - | €0.1m | €0.1m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 24.1% |
| Other liabilities and charges164/5 | €0.4m | €0.4m | €0.6m | €1.6m | €1.6m | €1.3m | €1.1m | ▼ 13.4% |
| Amounts payable17/49 | €37.0m | €38.5m | €32.8m | €34.8m | €48.1m | €82.5m | €22.8m | ▼ 72.4% |
| Amounts payable after more than one year17 | €5.4m | €6.3m | €7.0m | €6.6m | €5.0m | €3.4m | €8.6m | ▲ 151% |
| Financial debts170/4 | €5.4m | €6.3m | €7.0m | €6.6m | €5.0m | €3.4m | €8.6m | ▲ 151% |
| Credit institutions173 | €5.4m | €6.3m | €7.0m | €6.6m | €5.0m | €3.4m | €2.4m | ▼ 30.2% |
| Other loans174 | - | - | - | - | - | - | €6.2m | - |
| Amounts payable within one year42/48 | €31.2m | €31.6m | €25.4m | €28.0m | €43.0m | €79.0m | €14.1m | ▼ 82.1% |
| Current portion of amounts payable after more than one year42 | €2.1m | €1.1m | €1.2m | €1.6m | €1.6m | €1.6m | €1.0m | ▼ 35.1% |
| Financial debts43 | €11.0m | €14.9m | €10.0m | €4.6m | - | - | - | - |
| Credit institutions430/8 | €11.0m | €14.9m | €10.0m | €4.6m | - | - | - | - |
| Trade debts44 | €11.9m | €10.1m | €5.9m | €10.2m | €6.2m | €4.4m | €4.7m | ▲ 7.8% |
| Suppliers440/4 | €11.9m | €10.1m | €5.9m | €10.2m | €6.2m | €4.4m | €4.7m | ▲ 7.8% |
| Advances received on contracts in progress46 | - | €0.03m | - | - | - | €189 | €0.01m | ▲ 52× |
| Taxes, remuneration and social security45 | €2.5m | €2.7m | €3.5m | €4.0m | €3.8m | €4.2m | €3.8m | ▼ 9.3% |
| Taxes450/3 | €0.4m | €0.4m | €0.6m | €0.6m | €0.7m | €0.1m | €0.3m | ▲ 91.2% |
| Remuneration and social security454/9 | €2.1m | €2.4m | €2.9m | €3.3m | €3.1m | €4.0m | €3.5m | ▼ 12.7% |
| Other amounts payable47/48 | €3.8m | €2.8m | €4.7m | €7.7m | €31.4m | €68.9m | €4.6m | ▼ 93.3% |
| Accrued charges and deferred income492/3 | €0.4m | €0.5m | €0.4m | €0.2m | €0.07m | €0.07m | €0.07m | = |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | -€2.5m | €1.5m | -€5.2m | €3.4m | €3.9m | €1.4m | ▼ 65.3% |
| + Depreciation and write-downs630 | €2.0m | €1.8m | €1.4m | €1.4m | €1.5m | €1.6m | €1.7m | ▲ 4.5% |
| Operating cash flow (approximation) | €2.3m | -€0.7m | €2.9m | -€3.8m | €4.9m | €5.5m | €3.1m | ▼ 44.8% |
| Investment in fixed assets (approximation) | - | -€6.1m | -€2.6m | - | €1.8m | -€1.0m | -€7.4m | ▼ 674% |
| Change in cash | - | -€1.1m | €2.1m | - | -€4.4m | €1.2m | -€0.9m | - |
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, 1,887 companies had the same profile as Imperbel has now. Two years later, 97.9% were still going and 0.1% had gone bankrupt.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
97.9%
was still going
2.0%
stopped otherwise
0.1%
went bankrupt
That fits the bankruptcy probability of Imperbel itself: 0.2% 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 1,887 companies, not a prediction for Imperbel. 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 84 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 16-06-2026 | 2026-00190814 | |
| 31-12-2025 | consolidated | 16-06-2026 | 2026-00190252 | |
| 31-12-2024 | full format | 15-07-2025 | 2025-00286079 | |
| 31-12-2024 | consolidated | 15-07-2025 | 2025-00295745 | |
| 31-12-2023 | consolidated | 16-07-2024 | 2024-00278233 | |
| 31-12-2023 | full format | 18-06-2024 | 2024-00149671 | |
| 31-12-2022 | consolidated | 20-06-2023 | 2023-00149834 | |
| 31-12-2022 | full format | 19-06-2023 | 2023-00145835 | |
| 31-12-2021 | full format | 18-07-2022 | 2022-20213807 | |
| 31-12-2021 | consolidated | 13-07-2022 | 2022-20189717 |
Board & ownership
Directors
Directors
3 directors, last change in 2026
Deed of 04-09-2026Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
Statutory auditor 1
EY Bedrijfsrevisoren BV
Current
Owners and capital
Shareholders
2 ownersChain of control
- Kingspan Group plcIE
- Ever2479GB
- JORIS IDE
- KINGSPAN HOLDING BELGIUM
- Imperbel
Owners 2
- KINGSPAN HOLDING BELGIUMparentEquity €127.1m Profit of €2,199 in 2025 (profit of €20,973 in 2024) Checked score 93100%
- Kingspan Group plcIEconsolidating parentconsolidates
Owners through the years 2006 to 2025
| Name | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KINGSPAN HOLDING BELGIUM | 100% | |||||||||||||||||||
| Kingspan Group plcIE | consolidates | |||||||||||||||||||
| WANKLYN | 30.8% | 30.68% | 30.81% | |||||||||||||||||
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 05-08-2022 ↗
- KINGSPAN HOLDING BELGIUM NV (BE 0457.212.963) all shares
Capital over time
- 12-07-2022 Capital increase of €502,971 · to €1,747,931 · 903 new shares · “uitoefening van 903 inschrijvingsrechten”
Mandate history
12 people, 4 in office
- Board
- Statutory auditor
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Daniel Joseph Curtin |
|
| Howard John Taylor |
|
| Olaf Van Vonno |
|
| EY Bedrijfsrevisoren BV |
|
| ERNST & YOUNG Bedrijfsvoren |
|
| Grégoire Morel |
|
| Christian Jacobs BV |
|
| Christophe Convent |
|
| Ferdinand Molitor |
|
| Francis Blake |
|
| Pierre Nothomb |
|
| Romain Adam |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 903 shares
Articles of association, deed of 12-07-2022 (in Dutch)
Network & group
Part of the group
Kingspan Group plc
15 companies
Group, risk and exposure
Holdings and subsidiaries
5 holdingsHoldings 5
Source for every holding own accounts 2025
- DERBIGUM NORGE ASNOsubsidiaryEquity NOK 14.1mResult NOK 2.7m100%
- DERBIGUM SVERIGE ABSEsubsidiaryEquity SEK 11.4mResult -SEK 1.9m100%
- EUROTAG DANMARK A/SDKsubsidiaryEquity DKK 24.6mResult DKK 5.3m100%
- IFA S.A.S.FRsubsidiaryEquity -€4.1mResult €143,808100%
- TROLDTEKT ASNOsubsidiaryEquity NOK 3.2mResult NOK 811,072100%
Holdings through the years 2014 to 2025
| Name | 2014 | 2015 | 2016 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| DERBIGUM NORGE ASNO | 100% | ||||||
| DERBIGUM SVERIGE ABSE | 100% | ||||||
| EUROTAG DANMARK A/SDK | 100% | ||||||
| IFA S.A.S.FR | 99.94% | 100% | |||||
| TROLDTEKT ASNO | 100% | ||||||
| DERBIGUM DEUTSCHLAND GmBhDE | 100% | ||||||
| DERBIGUM NEDERLAND BVNL | 100% | ||||||
| IMPERBEL HOLDING NORGE ASNO | 100% | ||||||
| TECTUM DSB | 98.47% | 100% | |||||
| DERBIGUM AMERICAS INCUS | 100% | ||||||
| Derbit SAZA | 100% | ||||||
| RENEWABLE ENERGIES BELGIUM | 99.98% | ||||||
| DERBIGUM SUISSE SARLCH | 99.5% | ||||||
| S.C. IMPERBEL RO S.R.L.RO | 30% | ||||||
| Buildsmart Sverige ABSE | 100% | ||||||
| INVESTMENTS IN RENEWABLE ENERGY II | 26.1% | ||||||
Source: list of holdings in its own accounts
Companies at the same address
16 other companies- TM Siemens – Electro Bertels – Belgoprocess ROK Fire Registered office · since 02-06-2026Founded in 2026 1040.535.925
- NHQ Siemens-Jacops Sud Registered office · since 12-02-2025Founded in 2025 1022.385.443
- DC6 Fire Team Siemens-Technord Registered office · since 23-04-2024Founded in 2024 1021.717.034
- Siemens Mobix NMBS Fire 2023 Registered office · since 01-03-2024Founded in 2024 1008.360.728
- Siemens APK BAC Fire Registered office · since 06-09-2023Founded in 2023 1001.716.624
- Compass Group Belgium Establishment · since 29-11-2021Founded in 1971 · 1,457 FTE (2025) · group COMPASS GROUP PLC 0408.364.753
- FA Team Siemens-Technord Registered office · since 10-09-2021Founded in 2021 0775.353.959
- Siemens - Mobix Stevens NMBS CCTV Registered office · since 01-10-2020Founded in 2020 0754.664.651
- Siemens - Mobix Stevens Infr CCTV Registered office · since 01-02-2020Founded in 2020 0742.932.403
- Siemens-Mobix Stevens Infr Fire Registered office · since 01-11-2019Founded in 2019 0736.438.252
Connections & network
3 current directorsThe network starts from the directors of Imperbel. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
04-09
Gazette deed
Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)2 points ▸
Gazette deed
Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
2 points ▸
- General meeting, 23-06-2025
- Auditor reappointment, EY Bedrijfsrevisoren BV (statutory auditor)
- The deed holds 5 more points.
16-06
full format · 45 days before the deadline
16-06
2025
2024
31-12
Financial
Highest result from 2018 to 2025net €3.9m ▲14.7%
The operating result of €3.8m and the net result of €3.9m are both a record.
16-07
18-06
full format · 43 days before the deadline
23-01
Gazette deed
Resignation: Grégoire Morel (director)Appointment: Olaf Van Vonno (director)5 points ▸
Gazette deed
Resignation: Grégoire Morel (director)
Appointment: Olaf Van Vonno (director)5 points ▸
- General meeting, 24-08-2023
- Director resignation, Grégoire Morel
- Director appointment, Olaf Van Vonno
- Director in office, Howard Taylor
- Director in office, Donal Curtin
2023
31-12
Financial
Back to profitnet €3.4m
The net result is €3.4m, after one loss-making year.
31-12
Financial
Equity above €25mequity €26.2m ▲15%
Equity rises from €22.8m to €26.2m.
07-12
Gazette deed
Powers of attorney: THYSCO BV, Bregt Ysebaert and Christophe Jans4 points ▸
Gazette deed
Powers of attorney: THYSCO BV, Bregt Ysebaert and Christophe Jans
4 points ▸
- General meeting, 04-09-2023
- Power of attorney, THYSCO BV
- Power of attorney, Bregt Ysebaert
- Power of attorney, Christophe Jans (financial director)
- The deed holds 1 more point.
Show earlier events
30-11
Gazette deed
Resignation: Grégoire Morel (director)Appointment: Olaf Van Vonno (director)5 points ▸
Gazette deed
Resignation: Grégoire Morel (director)
Appointment: Olaf Van Vonno (director)5 points ▸
- General meeting, 24-08-2023
- Director resignation, Grégoire Morel
- Director appointment, Olaf Van Vonno
- Director in office, Howard Taylor
- Director in office, Donal Curtin
20-06
19-06
full format · 42 days before the deadline
2022
31-12
Financial
Weakest financial yearnet -€5.2m
The net result drops to -€5.2m, the lowest from 2018 to 2025. It recovers the following year.
27-12
Gazette deed
Resignation: DELOITTE (statutory auditor)Appointment: ERNST & YOUNG Bedrijfsvoren (statutory auditor)4 points ▸
Gazette deed
Resignation: DELOITTE (statutory auditor)
Appointment: ERNST & YOUNG Bedrijfsvoren (statutory auditor)4 points ▸
- General meeting, 07-12-2022
- Auditor resignation, DELOITTE (statutory auditor)
- Auditor appointment, ERNST & YOUNG Bedrijfsvoren (statutory auditor)
- Director in office, Grégoire Morel
09-11
Gazette deed
Appointment: Grégoire Morel (director)4 points ▸
Gazette deed
Appointment: Grégoire Morel (director)
4 points ▸
- General meeting, 28-09-2022
- Director appointment, Grégoire Morel
- Director in office, Howard Taylor
- Director in office, Donal Curtin
09-08
Gazette deed
2 directors appointed, 6 directors resigningResignations: Francis Blake, Christophe Convent and 4 others · Appointments: Howard John Taylor (director) and Daniel Joseph Curtin (director) · Director discharge: Francis Blake12 points ▸
Gazette deed
2 directors appointed, 6 directors resigning
Resignations: Francis Blake, Christophe Convent and 4 others · Appointments: Howard John Taylor (director) and Daniel Joseph Curtin (director) · Director discharge: Francis Blake12 points ▸
- General meeting, 23-06-2022
- Director resignation, Francis Blake
- Director resignation, Christophe Convent
- Director resignation, Ferdinand Molitor
- Director resignation, Romain Adam
- Director resignation, Christian Jacobs BV
- Director resignation, Pierre Nothomb
- Director appointment, Howard John Taylor
- Director appointment, Daniel Joseph Curtin
- Director discharge, Francis Blake
- Director discharge, Christophe Convent
- Director discharge, Ferdinand Molitor
- The deed holds 3 more points.
05-08
Gazette deed
KINGSPAN HOLDING BELGIUM NV holds all the shares1 point ▸
Gazette deed
KINGSPAN HOLDING BELGIUM NV holds all the shares
1 point ▸
- KINGSPAN HOLDING BELGIUM NV holds all the shares
- The deed holds 1 more point.
18-07
full format
13-07
18 days before the deadline
12-07
Gazette deed
Capital increase of €502,971 to €1,747,931Capital after the increase: €1,747,9313 points ▸
Gazette deed
Capital increase of €502,971 to €1,747,931
Capital after the increase: €1,747,9313 points ▸
- General meeting, 27-11-2020
- Capital increase, €502,971
- Capital, €1,747,931, 31,023 shares
- The deed holds 2 more points.
04-05
Gazette deed
Registered office moved from Lot to BeerselNew registered office: Guido Gezellestraat 123, 1654 Beersel · Previous registered office: Bergensesteenweg 32 1651 Lot2 points ▸
Gazette deed
Registered office moved from Lot to Beersel
New registered office: Guido Gezellestraat 123, 1654 Beersel · Previous registered office: Bergensesteenweg 32 1651 Lot2 points ▸
- Board meeting, 31-01-2022
- Registered-office move, Guido Gezellestraat 123, 1654 Beersel
2020
31-12
Financial
Back to profitnet €1.5m
The net result is €1.5m, after one loss-making year.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.A deed published in both Dutch and French appears here once.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
IMPERBEL in French
Name
Imperbel in Dutch
Enterprise number
0400.484.591
LEI code
549300CNWFQBIHPVAZ45
no longer live in the LEI register
Legal form
Public limited company
Status
Active, normal situation
Founded
01-01-1932
Entity type
Legal entity
Registered office and establishments
Registered office
Guido Gezellestraat 123, 1654 Beersel, Belgium
1 former office
- Bergensesteenweg 32, 1651 Lot until 15-04-2022 · deed of 04-05-2022
Establishment units
Guido Gezellestraat 123, 1654 Beersel since 01-01-1932 · unit number 2.039.121.726
Chaussée de Wavre -, 1360 Perwez since 01-06-1932 · unit number 2.189.164.690
Activities
NACEBEL 2025VAT activities
43410
Roofing work main activity
Social security (RSZ) activities
43410
Roofing work main activity
Codes under NACEBEL 2008
VAT activities
43910
Specialised construction activities main activity
Social security (RSZ) activities
43910
Specialised construction activities main activity
Codes under NACEBEL 2003
VAT activities
45220
main activity
Social security (RSZ) activities
45220
main activity
Joint committees
124 Construction
200 Auxiliary committee for white-collar workers
116 Chemical industry
207 White-collar workers in the chemical industry annual accounts 2025
Invoicing and payment
VAT number
BE 0400.484.591
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0400.484.591
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
1.2 ha
Building footprint
3,278 m²
Building volume
36,277 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23035A0102/00S000 | Flanders | 1.2 ha | 1 · 3,278 m² | 15.3 m · 4 |