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Impermo Logistics

Active
Private limited companyfounded 20233 yrs activeTiensesteenweg 127, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0797.521.825
Summary

The computed 12-month bankruptcy probability of Impermo Logistics is 2.0% (moderate). The 2025 annual accounts show equity of €416,570 and a net result of €43,121. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 47% of 671 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability63▲+3
Solvency59▲+2
Growth72▲+23
Track record94
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.61 in 2024; short-term debt: 65.9% and cash: 0.5% of total assets), and 65.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
34.1%
Return on assets
3.5%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
24 d early
2024
122 d early
2023
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 8 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. Usually files around 20 June (3 of the last 3 filed years within 81 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 January 2023, Impermo Logistics was incorporated as a Private limited company.1 Revenue went from EUR 3.6 million in 2023 to EUR 4.2 million in 2025 and headcount from 24.4 to 30.3 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, full schema

Turnover
€4.2m▲ 15.4%
2024 · €3.7m
EBIT margin
2.0%▲ 0.5pp
2024 · 1.4%
Net result
€43,121▲ 35.4%
2024 · €31,857
Working capital
-€176,936▲ 41.8%
2024 · -€303,840
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, 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
Line202320242025
Turnover€3.6m-€3.7m▲ 2.3%€4.2m▲ 15.4%
Operating result€70,342-€52,613▼ 25.2%€82,847▲ 57.5%
Net result€41,592within the sector's middle half-€31,857within the sector's middle half▼ 23.4%€43,121within the sector's middle half▲ 35.4%
EBIT margin2.0%-1.4%▼ 0.5pp2.0%▲ 0.5pp
Equity€341,592within the sector's middle half-€373,449within the sector's middle half▲ 9.3%€416,570within the sector's middle half▲ 11.5%
Total assets€1.0mbelow the sector's middle half-€1.2mbelow the sector's middle half▲ 17.2%€1.2mbelow the sector's middle half▲ 4.0%
Debt€660,104-€800,084▲ 21.2%€803,336▲ 0.4%
Working capital-€93,903within the sector's middle half--€303,840below the sector's middle half▼ 224%-€176,936below the sector's middle half▲ 41.8%
Solvency34.1%within the sector's middle half-31.8%within the sector's middle half▼ 2.3pp34.1%within the sector's middle half▲ 2.3pp
Current ratio0.86below the sector's middle half-0.61below the sector's middle half▼ 0.250.78below the sector's middle half▲ 0.17
Return on assets (ROA)4.2%within the sector's middle half-2.7%within the sector's middle half▼ 1.4pp3.5%within the sector's middle half▲ 0.8pp
Staff (FTE)24.4within the sector's middle half-25.3within the sector's middle half▲ 3.7%30.3within the sector's middle half▲ 19.8%
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2023: €70,342€70,342Net result 2023: €41,592€41,592Operating result 2024: €52,613€52,613Net result 2024: €31,857€31,857Operating result 2025: €82,847€82,847Net result 2025: €43,121€43,121202320242025€0€25,000€50,000€75,000Operating result 2023: €70,342€70,300Net result 2023: €41,592€41,600Operating result 2024: €52,613€52,600Net result 2024: €31,857€31,900Operating result 2025: €82,847€82,800Net result 2025: €43,121€43,100202320242025
The operating result recovers in 2025; 2025 is 57% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets €593,506 ▼ 14.4%
Current assets €626,400 ▲ 30.4%
Equity and liabilities €1.2m
Equity €416,570 ▲ 11.5%
Debt €803,336 ▲ 0.4%
Debt's share of the balance-sheet total falls from 68.2% to 65.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€228,138▲
2024 · €132,998
Cash flow
€188,412▲
2024 · €112,242
Debt to equity
1.93▼
2024 · 2.14
ROE
10.4%▲
2024 · 8.5%
Interest coverage
722.64▼
2024 · 811.65
Debt ≤ 1 year
€803,336▲
2024 · €784,388
Income taxes
€39,496▲
2024 · €20,397
Staff costs
€1.9m▲
2024 · €1.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 501 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.6% went bankrupt
2.8% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 501 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.2m€1.2m▲
Fixed assets21/28€692,985€593,506▼
Intangible fixed assets21€332,927€291,126▼
Tangible fixed assets22/27€360,058€302,380▼
Plant, machinery and equipment23€360,058€302,380▼
Current assets29/58€480,548€626,400▲
Amounts receivable within one year40/41€477,001€618,319▲
Trade receivables40€477,001€618,319▲
Cash at bank and in hand54/58€3,547€5,988▲
Deferred charges and accrued income490/1-€2,093
Equity and liabilities
Total equity and liabilities10/49€1.2m€1.2m▲
Equity10/15€373,449€416,570▲
Contributions10/11€300,000€300,000=
Profit (loss) carried forward14€73,449€116,570▲
Amounts payable17/49€800,084€803,336▲
Amounts payable within one year42/48€784,388€803,336▲
Financial debts43-€22,077
Credit institutions430/8-€22,077
Trade debts44€555,067€494,712▼
Suppliers440/4€555,067€494,712▼
Taxes, remuneration and social security45€229,321€286,546▲
Taxes450/3€63,796€70,947▲
Remuneration and social security454/9€165,525€215,599▲
Accrued charges and deferred income492/3€15,696-
Income statement Code20242025
Operating income70/76A€4.0m€4.4m▲
Turnover70€3.7m€4.2m▲
Own construction capitalised72€260,236-
Other operating income74€110,505€146,620▲
Operating charges60/66A€4.0m€4.3m▲
Services and other goods61€2.4m€2.1m▼
Remuneration, social security and pensions62€1.4m€1.9m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80,385€145,291▲
Other operating charges640/8€67,503€69,744▲
Non-recurring operating charges66A€19,302-
Operating profit (loss)9901€52,613€82,847▲
Financial income75/76B€0€86▲
Recurring financial income75€0€86▲
Other financial income752/9€0€86▲
Financial charges65/66B€359€316▼
Recurring financial charges65€359€316▼
Debt charges650€164-
Other financial charges652/9€196€316▲
Profit (loss) for the period before taxes9903€52,254€82,617▲
Income taxes67/77€20,397€39,496▲
Taxes670/3€22,700€39,496▲
Tax adjustments and reversals of tax provisions77€2,303-
Profit (loss) for the period9904€31,857€43,121▲
Profit (loss) for the period to be appropriated9905€31,857€43,121▲
Appropriation of the result
Profit (loss) to be appropriated9906€73,449€116,570▲
Profit (loss) brought forward from the previous period14P€41,592€73,449▲
Social balance
Average headcount (FTE)908725.330.3▲

The notes to these accounts (34 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Operating income70/76A€3.7m€4.0m€4.4m▲ 8.4%
Turnover70€3.6m€3.7m€4.2m▲ 15.4%
Own construction capitalised72-€260,236--
Other operating income74€113,792€110,505€146,620▲ 32.7%
Operating charges60/66A€3.6m€4.0m€4.3m▲ 7.8%
Services and other goods61€2.1m€2.4m€2.1m▼ 11.3%
Remuneration, social security and pensions62€1.4m€1.4m€1.9m▲ 38.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64,825€80,385€145,291▲ 80.7%
Other operating charges640/8€59,662€67,503€69,744▲ 3.3%
Non-recurring operating charges66A-€19,302--
Operating profit (loss)9901€70,342€52,613€82,847▲ 57.5%
Financial income75/76B-€0€86▲ 28,710%
Recurring financial income75-€0€86▲ 28,710%
Other financial income752/9-€0€86▲ 28,710%
Financial charges65/66B€250€359€316▼ 12.2%
Recurring financial charges65€250€359€316▼ 12.2%
Debt charges650-€164--
Other financial charges652/9€250€196€316▲ 61.5%
Profit (loss) for the period before taxes9903€70,092€52,254€82,617▲ 58.1%
Income taxes67/77€28,500€20,397€39,496▲ 93.6%
Taxes670/3€28,500€22,700€39,496▲ 74.0%
Tax adjustments and reversals of tax provisions77-€2,303--
Profit (loss) for the period9904€41,592€31,857€43,121▲ 35.4%
Profit (loss) for the period to be appropriated9905€41,592€31,857€43,121▲ 35.4%
Line202320242025Change
Assets
Total assets20/58€1.0m€1.2m€1.2m▲ 4.0%
Fixed assets21/28€435,495€692,985€593,506▼ 14.4%
Intangible fixed assets21-€332,927€291,126▼ 12.6%
Tangible fixed assets22/27€435,495€360,058€302,380▼ 16.0%
Plant, machinery and equipment23€387,275€360,058€302,380▼ 16.0%
Furniture and vehicles24€48,220---
Current assets29/58€566,201€480,548€626,400▲ 30.4%
Amounts receivable within one year40/41€544,910€477,001€618,319▲ 29.6%
Trade receivables40€544,910€477,001€618,319▲ 29.6%
Cash at bank and in hand54/58€14,562€3,547€5,988▲ 68.8%
Deferred charges and accrued income490/1€6,729-€2,093-
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.2m€1.2m▲ 4.0%
Equity10/15€341,592€373,449€416,570▲ 11.5%
Contributions10/11€300,000€300,000€300,000=
Profit (loss) carried forward14€41,592€73,449€116,570▲ 58.7%
Amounts payable17/49€660,104€800,084€803,336▲ 0.4%
Amounts payable within one year42/48€660,104€784,388€803,336▲ 2.4%
Financial debts43--€22,077-
Credit institutions430/8--€22,077-
Trade debts44€413,718€555,067€494,712▼ 10.9%
Suppliers440/4€413,718€555,067€494,712▼ 10.9%
Taxes, remuneration and social security45€245,428€229,321€286,546▲ 25.0%
Taxes450/3€57,289€63,796€70,947▲ 11.2%
Remuneration and social security454/9€188,139€165,525€215,599▲ 30.3%
Other amounts payable47/48€958---
Accrued charges and deferred income492/3-€15,696--
Line202320242025Change
Profit (loss) for the period9904€41,592€31,857€43,121▲ 35.4%
+ Depreciation and write-downs630€64,825€80,385€145,291▲ 80.7%
Operating cash flow (approximation)€106,417€112,242€188,412▲ 67.9%
Investment in fixed assets (approximation)--€337,875-€45,812▲ 86.4%
Change in cash--€11,015€2,441▲ 122%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Highest result since 2023net €43,121 ▲35.4%
Operating result €82,847, net result €43,121, both a record.
31-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Weakest financial yearnet €31,857 ▼23.4%
Net result drops to €31,857, the lowest in the series; recovery starts the following year.
19-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Sint-Truiden · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
1.1 ha
Building footprint
6,019 m²
Volume, LiDAR
44,629 m³
2 parcels, Flanders · tallest building 13.3 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
Impermo Logistics
Gordelweg 15, 3600 GenkWarehousing and storage
since 20232.340.765.101
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71053G0431/00C002 Flanders 8,195 m² 1 · 5,424 m² 13.3 m · 2 fl.
71304E0727/00D011 Flanders 3,247 m² 1 · 595 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. STULTJENS GROUP 100%
  2. Impermo Logistics

Highest known parent: STULTJENS GROUP. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of Impermo Logistics and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 1,031 companies in sector 52100 we hold annual accounts for 769. 530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded23-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52100Warehousing and storage
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797521825
Also 9925:BE0797521825
Registered 23-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.