IMPLECON
ActiveSummary
IMPLECON has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €453,998 and a net result of €66,038. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 25.94 against 37.25 in 2024; short-term debt: 3.2% and cash: 54.4% of total assets), and 3.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
96.6%
Return on assets
14%
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
71 d early
2023
70 d early
2022
70 d early
2021
62 d early
2020
53 d early
2019
74 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 71 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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, micro schema
Equity
€453,998▲ 2.1%
2024 · €444,457
Total assets
€470,134▲ 3.3%
2024 · €455,089
Net result
€66,038▲ 7.5%
2024 · €61,439
Working capital
€375,782▲ 8.4%
2024 · €346,750
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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€88,834▼ 13.8%€98,096▲ 10.4%€93,347▼ 4.8%€82,226▼ 11.9%€87,469▲ 6.4%
Net result€53,264above the sector's middle half▼ 26.8%€69,118above the sector's middle half▲ 29.8%€68,608above the sector's middle half▼ 0.7%€61,439above the sector's middle half▼ 10.4%€66,038above the sector's middle half▲ 7.5%
Equity€332,669above the sector's middle half▲ 6.2%€369,123above the sector's middle half▲ 11.0%€392,942above the sector's middle half▲ 6.5%€444,457above the sector's middle half▲ 13.1%€453,998above the sector's middle half▲ 2.1%
Total assets€360,741above the sector's middle half▲ 4.2%€385,661above the sector's middle half▲ 6.9%€399,118above the sector's middle half▲ 3.5%€455,089above the sector's middle half▲ 14.0%€470,134above the sector's middle half▲ 3.3%
Debt€28,072▼ 14.7%€16,538▼ 41.1%€6,176▼ 62.7%€10,632▲ 72.2%€16,136▲ 51.8%
Working capital€255,820above the sector's middle half▲ 11.0%€302,493above the sector's middle half▲ 18.2%€273,645above the sector's middle half▼ 9.5%€346,750above the sector's middle half▲ 26.7%€375,782above the sector's middle half▲ 8.4%
Solvency92.2%above the sector's middle half▲ 1.7pp95.7%above the sector's middle half▲ 3.5pp98.5%above the sector's middle half▲ 2.7pp97.7%above the sector's middle half▼ 0.8pp96.6%above the sector's middle half▼ 1.1pp
Current ratio10.47above the sector's middle half▲ 2.2420.55above the sector's middle half▲ 10.0854.53above the sector's middle half▲ 33.9837.25above the sector's middle half▼ 17.2825.94above the sector's middle half▼ 11.31
Return on assets (ROA)14.8%within the sector's middle half▼ 6.2pp17.9%within the sector's middle half▲ 3.2pp17.2%within the sector's middle half▼ 0.7pp13.5%within the sector's middle half▼ 3.7pp14.0%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470,134
Fixed assets
€79,282 ▼ 19.7%
Current assets
€390,852 ▲ 9.7%
Equity and liabilities €470,134
Equity
€453,998 ▲ 2.1%
Debt
€16,136 ▲ 51.8%
Debt's share of the balance-sheet total rises from 2.3% to 3.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108,334▲
2024 · €103,814
Cash flow
€86,902▲
2024 · €83,027
Quick ratio
25.93▼
2024 · 37.15
Debt to equity
0.04▲
2024 · 0.02
ROE
14.5%▲
2024 · 13.8%
Interest coverage
230.46▲
2024 · 216.89
Debt ≤ 1 year
€15,069▲
2024 · €9,566
Income taxes
€26,057▲
2024 · €24,529
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 20,129 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 | - | - | €2,896 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,977 | €10,213 | €12,151 | €21,588 | €20,865 | ▼ 3.3% |
| Other operating charges640/8 | €1,584 | €1,818 | €2,383 | €1,097 | €1,761 | ▲ 60.5% |
| Gross operating margin9900 | €100,395 | €110,127 | €107,881 | €104,911 | €110,095 | ▲ 4.9% |
| Operating profit (loss)9901 | €88,834 | €98,096 | €93,347 | €82,226 | €87,469 | ▲ 6.4% |
| Financial income75/76B | €44 | €50 | €2,472 | €4,220 | €5,096 | ▲ 20.7% |
| Recurring financial income75 | €44 | €50 | €2,472 | €4,220 | €5,096 | ▲ 20.7% |
| Financial charges65/66B | €140 | €737 | €493 | €479 | €470 | ▼ 1.8% |
| Recurring financial charges65 | €140 | €737 | €493 | €479 | €470 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €88,738 | €97,408 | €95,325 | €85,968 | €92,095 | ▲ 7.1% |
| Income taxes67/77 | €35,474 | €28,290 | €26,717 | €24,529 | €26,057 | ▲ 6.2% |
| Profit (loss) for the period9904 | €53,264 | €69,118 | €68,608 | €61,439 | €66,038 | ▲ 7.5% |
| Transfer from tax-exempt reserves789 | €44,202 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €97,466 | €69,118 | €68,608 | €61,439 | €66,038 | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €360,741 | €385,661 | €399,118 | €455,089 | €470,134 | ▲ 3.3% |
| Fixed assets21/28 | €77,907 | €67,694 | €120,361 | €98,774 | €79,282 | ▼ 19.7% |
| Tangible fixed assets22/27 | €77,907 | €67,694 | €120,361 | €98,774 | €79,282 | ▼ 19.7% |
| Land and buildings22 | €72,403 | €64,903 | €57,403 | €49,903 | €42,600 | ▼ 14.6% |
| Plant, machinery and equipment23 | €3,924 | €1,789 | €3,557 | €2,103 | €2,126 | ▲ 1.1% |
| Furniture and vehicles24 | €1,580 | €1,002 | €59,401 | €46,767 | €34,557 | ▼ 26.1% |
| Current assets29/58 | €282,834 | €317,968 | €278,757 | €356,316 | €390,852 | ▲ 9.7% |
| Stocks and contracts in progress3 | €2,823 | €1,528 | €2,720 | €905 | €111 | ▼ 87.7% |
| Stocks30/36 | €2,823 | €1,528 | €2,720 | €905 | €111 | ▼ 87.7% |
| Amounts receivable within one year40/41 | €12,584 | €26,520 | €13,675 | €35,929 | €30,470 | ▼ 15.2% |
| Trade receivables40 | €12,584 | €26,520 | €13,050 | €34,145 | €28,739 | ▼ 15.8% |
| Other amounts receivable41 | - | - | €625 | €1,783 | €1,731 | ▼ 2.9% |
| Current investments50/53 | - | €99,505 | €99,595 | €102,666 | €102,666 | = |
| Cash at bank and in hand54/58 | €265,934 | €188,918 | €160,638 | €214,895 | €255,535 | ▲ 18.9% |
| Deferred charges and accrued income490/1 | €1,494 | €1,496 | €2,129 | €1,922 | €2,070 | ▲ 7.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €360,741 | €385,661 | €399,118 | €455,089 | €470,134 | ▲ 3.3% |
| Equity10/15 | €332,669 | €369,123 | €392,942 | €444,457 | €453,998 | ▲ 2.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €314,069 | €350,523 | €374,342 | €425,857 | €435,398 | ▲ 2.2% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €312,209 | €350,523 | €374,342 | €425,857 | €435,398 | ▲ 2.2% |
| Amounts payable17/49 | €28,072 | €16,538 | €6,176 | €10,632 | €16,136 | ▲ 51.8% |
| Amounts payable within one year42/48 | €27,015 | €15,475 | €5,112 | €9,566 | €15,069 | ▲ 57.5% |
| Trade debts44 | €1,246 | €85 | €61 | - | €504 | - |
| Suppliers440/4 | €1,246 | €85 | €61 | - | €504 | - |
| Taxes, remuneration and social security45 | €22,867 | €13,739 | €4,227 | €4,566 | €5,493 | ▲ 20.3% |
| Taxes450/3 | €22,867 | €13,739 | €4,227 | €4,566 | €5,493 | ▲ 20.3% |
| Other amounts payable47/48 | €2,901 | €1,651 | €824 | €5,000 | €9,073 | ▲ 81.4% |
| Accrued charges and deferred income492/3 | €1,057 | €1,064 | €1,064 | €1,066 | €1,067 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,264 | €69,118 | €68,608 | €61,439 | €66,038 | ▲ 7.5% |
| + Depreciation and write-downs630 | €9,977 | €10,213 | €12,151 | €21,588 | €20,865 | ▼ 3.3% |
| Operating cash flow (approximation) | €63,241 | €79,331 | €80,759 | €83,027 | €86,902 | ▲ 4.7% |
| Investment in fixed assets (approximation) | - | €0 | -€64,819 | €0 | -€1,373 | - |
| Change in cash | - | -€77,016 | -€28,280 | €54,257 | €40,639 | ▼ 25.1% |
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
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 54.53
Current ratio from 20.55 to 54.53; short-term debt falls from €15,475 to €5,112.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €72,730 ▲28.7%
Operating result €103,089, net result €72,730, both a record.
18-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2002
Ground area
534 m²
Building footprint
162 m²
Volume, LiDAR
1,126 m³
Parcel 44808H0091/00X000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Achilles Musschestraat 43, 9000 Gent
since 20022.095.946.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0091/00X000 | Flanders | 534 m² | 1 · 162 m² | 10.3 m · 3 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 30,007 companies in sector 62200 we hold annual accounts for 18,400. 12,374 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
Founded29-03-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477225647
Also
9925:BE0477225647
Registered
24-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.