IMPLS
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 5 days after the deadline Filed on 5 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00562402.
Annual accounts 2025 filed on 05-11-2025 PDF all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €38,288, smaller than the loss of €91,534 in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 |
| part-time | - | 0 | 0 |
| in full-time equivalents | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 1.6 | 2 | 2 |
| On a permanent contract | 2 | 2 | 2 |
| Joined | 2 | - | - |
| Left | 0 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|
| Tangible fixed assets | €35,000 | - | €146,550 |
| Intangible fixed assets | €35,000 | - | - |
| Financial fixed assets | - | - | €12,204 |
| Depreciation and write-downs of the year | €11,313 | €11,300 | €25,576 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €69,766 | €83,718 | €98,147 | ▲ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,313 | €11,300 | €25,576 | ▲ 126% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €25,058 | €0 | - | - |
| Other operating charges640/8 | €2,943 | €466 | €3,127 | ▲ 571% |
| Gross operating margin9900 | €78,452 | €3,950 | €88,561 | ▲ 22× |
| Operating profit (loss)9901 | -€30,628 | -€91,534 | -€38,288 | ▲ 58.2% |
| Financial income75/76B | €12 | €583 | €86 | ▼ 85.3% |
| Recurring financial income75 | €12 | €583 | €86 | ▼ 85.3% |
| Financial charges65/66B | €2,860 | €3,171 | €3,338 | ▲ 5.3% |
| Recurring financial charges65 | €2,860 | €3,171 | €3,338 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€33,475 | -€94,121 | -€41,541 | ▲ 55.9% |
| Income taxes67/77 | - | - | €0 | - |
| Profit (loss) for the period9904 | -€33,475 | -€94,121 | -€41,541 | ▲ 55.9% |
| Profit (loss) for the period to be appropriated9905 | -€33,475 | -€94,121 | -€41,541 | ▲ 55.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €190,284 | €190,376 | €367,982 | ▲ 93.3% |
| Fixed assets21/28 | €58,687 | €47,387 | €180,565 | ▲ 281% |
| Intangible fixed assets21 | €31,496 | €27,996 | €24,496 | ▼ 12.5% |
| Tangible fixed assets22/27 | €27,191 | €19,391 | €143,866 | ▲ 642% |
| Plant, machinery and equipment23 | €23,193 | €17,393 | €143,866 | ▲ 727% |
| Furniture and vehicles24 | €3,998 | €1,998 | €0 | ▼ 100% |
| Financial fixed assets28 | - | - | €12,204 | - |
| Current assets29/58 | €131,596 | €142,989 | €187,416 | ▲ 31.1% |
| Stocks and contracts in progress3 | €31,682 | €41,800 | €52,810 | ▲ 26.3% |
| Stocks30/36 | €31,682 | €41,800 | €52,810 | ▲ 26.3% |
| Amounts receivable within one year40/41 | €77,383 | €81,176 | €132,756 | ▲ 63.5% |
| Trade receivables40 | €75,359 | €78,981 | €127,467 | ▲ 61.4% |
| Other amounts receivable41 | €2,023 | €2,195 | €5,289 | ▲ 141% |
| Cash at bank and in hand54/58 | €21,653 | €19,093 | €7 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | €879 | €920 | €1,844 | ▲ 100% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €190,284 | €190,376 | €367,982 | ▲ 93.3% |
| Equity10/15 | €66,525 | €22,404 | -€19,137 | - |
| Contributions10/11 | €100,000 | €150,000 | €150,000 | = |
| Profit (loss) carried forward14 | -€33,475 | -€127,596 | -€169,137 | ▼ 32.6% |
| Amounts payable17/49 | €123,759 | €167,973 | €387,119 | ▲ 130% |
| Amounts payable after more than one year17 | €37,025 | €25,431 | €7,554 | ▼ 70.3% |
| Financial debts170/4 | €37,025 | €25,431 | €7,554 | ▼ 70.3% |
| Amounts payable within one year42/48 | €86,258 | €135,342 | €329,695 | ▲ 144% |
| Current portion of amounts payable after more than one year42 | €17,180 | €45,564 | €42,877 | ▼ 5.9% |
| Financial debts43 | - | - | €68,168 | - |
| Credit institutions430/8 | - | - | €68,168 | - |
| Trade debts44 | €38,864 | €59,827 | €80,182 | ▲ 34.0% |
| Suppliers440/4 | €38,864 | €59,827 | €80,182 | ▲ 34.0% |
| Taxes, remuneration and social security45 | €26,701 | €26,720 | €15,616 | ▼ 41.6% |
| Taxes450/3 | €14,702 | €13,017 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €11,999 | €13,703 | €15,616 | ▲ 14.0% |
| Other amounts payable47/48 | €3,514 | €3,231 | €122,852 | ▲ 38× |
| Accrued charges and deferred income492/3 | €475 | €7,200 | €49,871 | ▲ 593% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€33,475 | -€94,121 | -€41,541 | ▲ 55.9% |
| + Depreciation and write-downs630 | €11,313 | €11,300 | €25,576 | ▲ 126% |
| Operating cash flow (approximation) | -€22,162 | -€82,821 | -€15,965 | ▲ 80.7% |
| Investment in fixed assets (approximation) | - | €0 | -€158,754 | - |
| Change in cash | - | -€2,559 | -€19,086 | ▼ 646% |
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, 7,639 companies had the same profile as IMPLS has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IMPLS itself: 3.4% 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 7,639 companies, not a prediction for IMPLS. 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.