IMPPHI
ActiveSummary
IMPPHI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.96M and a net result of €3.20M. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+8
Solvency75▲+18
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450k at 30 days acceptable
Liquidity ample (current ratio 10.01 against 5.24 in 2024; short-term debt: 5.3% and cash: 4.4% of total assets), and 49.8% of the assets are financed with debt.
Credit check for your own amount and term
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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 2025Solvency, return and age of the figures
Solvency
50.2%
Return on assets
26.9%
Age of the figures
9 mo
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
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
64 d early
2023
41 d early
2022
27 d early
2021
13 d early
2020
23 d early
2019
119 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€637k
EBIT margin
83.1%
Net result
€3.20M▲ 2,081%
2024 · €147k
2018: €79k
2019: €-3k▼ -103% vs 2018lowest in 8 years
2020: €87k▲ +3243% vs 2019
2021: €100k▲ +15.0% vs 2020
2022: €81k▼ -18.3% vs 2021
2023: €173k▲ +113% vs 2022
2024: €147k▼ -15.3% vs 2023
2025: €3.20M▲ +2081% vs 2024highest in 8 years
2018 → 2025
Working capital
€5.71M▲ 125%
2024 · €2.54M
2018: €1.95M
2019: €1.18M▼ -39.4% vs 2018lowest in 8 years
2020: €1.18M▲ +0.1% vs 2019
2021: €2.24M▲ +89.2% vs 2020
2022: €2.24M▲ +0.3% vs 2021
2023: €2.40M▲ +7.2% vs 2022
2024: €2.54M▲ +5.5% vs 2023
2025: €5.71M▲ +125% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€637k
Equity€2.36M-€2.44M▲ 3.5%€2.61M▲ 7.1%€2.76M▲ 5.6%€5.96M▲ 116%
2021: €2.36Mlowest in 5 years
2022: €2.44M▲ +3.5% vs 2021
2023: €2.61M▲ +7.1% vs 2022
2024: €2.76M▲ +5.6% vs 2023
2025: €5.96M▲ +116% vs 2024highest in 5 years
Operating result€511k-€530k▲ 3.8%€561k▲ 5.8%€529k▼ 5.6%€533k▲ 0.6%
2021: €511klowest in 5 years
2022: €530k▲ +3.8% vs 2021
2023: €561k▲ +5.8% vs 2022highest in 5 years
2024: €529k▼ -5.6% vs 2023
2025: €533k▲ +0.6% vs 2024
Net result€100k-€81k▼ 18.3%€173k▲ 113%€147k▼ 15.3%€3.20M▲ 2,081%
2021: €100k
2022: €81k▼ -18.3% vs 2021lowest in 5 years
2023: €173k▲ +113% vs 2022
2024: €147k▼ -15.3% vs 2023
2025: €3.20M▲ +2081% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.88M
Fixed assets
€5.54M ▼ 0.4%
Current assets
€6.34M ▲ 102%
Equity and liabilities €11.88M
Equity
€5.96M ▲ 116%
Provisions
€4.98M ▼ 1.0%
Debt
€940k ▲ 3.8%
Debt's share of the balance-sheet total falls from 10.4% to 7.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€568k▲
2024 · €563k
Cash flow
€3.24M▲
2024 · €181k
Current ratio
10.01▲
2024 · 5.24
Debt to equity
0.16▼
2024 · 0.33
ROE
53.7%▲
2024 · 5.3%
ROA
26.9%▲
2024 · 1.7%
Interest coverage
1.56▲
2024 · 1.34
Debt ≤ 1 year
€633k▲
2024 · €597k
Income taxes
€73k▲
2024 · €65k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.69M€11.88M▲
Fixed assets21/28€5.56M€5.54M▼
Tangible fixed assets22/27€313k€293k▼
Land and buildings22€281k€261k▼
Plant, machinery and equipment23€3k€17k▲
Furniture and vehicles24€29k€15k▼
Financial fixed assets28€5.24M€5.24M=
Affiliated companies280/1€4.78M-
Participating interests280€4.78M-
Companies linked by participating interests282/3€460k-
Participating interests282€460k-
Current assets29/58€3.13M€6.34M▲
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€108k€150k▲
Trade receivables40€59k€59k▼
Other amounts receivable41€49k€91k▲
Current investments50/53€2.55M€5.66M▲
Other investments51/53€2.55M-
Cash at bank and in hand54/58€466k€525k▲
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€8.69M€11.88M▲
Equity10/15€2.76M€5.96M▲
Contributions10/11€12k€12k=
Reserves13€2.75M€5.95M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€2.75M€5.95M▲
Provisions and deferred taxes16€5.03M€4.98M▼
Provisions for liabilities and charges160/5€5.03M€4.98M▼
Other liabilities and charges164/5€5.03M€4.98M▼
Amounts payable17/49€905k€940k▲
Amounts payable within one year42/48€597k€633k▲
Trade debts44€2k€226▼
Suppliers440/4€2k€226▼
Taxes, remuneration and social security45€46k€64k▲
Taxes450/3€42k€64k▲
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€550k€569k▲
Accrued charges and deferred income492/3€308k€306k▼
Income statement
Code20242025
Operating income70/76A€675k-
Turnover70€637k-
Other operating income74€39k-
Operating charges60/66A€146k-
Services and other goods61€106k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€35k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900-€573k
Operating profit (loss)9901€529k€533k▲
Financial income75/76B€158k€3.10M▲
Recurring financial income75€158k€3.10M▲
Income from current assets751€145k-
Other financial income752/9€13k-
Financial charges65/66B€476k€365k▼
Recurring financial charges65€476k€365k▼
Debt charges650€420k-
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€41k-
Other financial charges652/9€15k-
Profit (loss) for the period before taxes9903€212k€3.27M▲
Income taxes67/77€65k€73k▲
Taxes670/3€65k-
Profit (loss) for the period9904€147k€3.20M▲
Profit (loss) for the period to be appropriated9905€147k€3.20M▲
Appropriation of the result
Profit (loss) to be appropriated9906€147k€3.20M▲
Transfer to equity691/2€147k€3.20M▲
To other reserves6921€147k€3.20M▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €675k | - | - |
| Turnover70 | - | - | - | €637k | - | - |
| Other operating income74 | - | - | - | €39k | - | - |
| Operating charges60/66A | - | - | - | €146k | - | - |
| Services and other goods61 | - | - | - | €106k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €33k | €34k | €34k | €35k | ▲ 3.8% |
| Other operating charges640/8 | €5k | €4k | €5k | €6k | €5k | ▼ 19.1% |
| Non-recurring operating charges66A | €50k | €0 | - | - | - | - |
| Gross operating margin9900 | €595k | €567k | €600k | - | €573k | - |
| Operating profit (loss)9901 | €511k | €530k | €561k | €529k | €533k | ▲ 0.6% |
| Financial income75/76B | €23k | €12k | €110k | €158k | €3.10M | ▲ 1,861% |
| Recurring financial income75 | €23k | €12k | €110k | €158k | €3.10M | ▲ 1,861% |
| Income from current assets751 | - | - | - | €145k | - | - |
| Other financial income752/9 | - | - | - | €13k | - | - |
| Financial charges65/66B | €385k | €425k | €440k | €476k | €365k | ▼ 23.4% |
| Recurring financial charges65 | €385k | €425k | €440k | €476k | €365k | ▼ 23.4% |
| Debt charges650 | - | - | - | €420k | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €41k | - | - |
| Other financial charges652/9 | - | - | - | €15k | - | - |
| Profit (loss) for the period before taxes9903 | €149k | €118k | €231k | €212k | €3.27M | ▲ 1,444% |
| Income taxes67/77 | €49k | €36k | €57k | €65k | €73k | ▲ 11.2% |
| Taxes670/3 | - | - | - | €65k | - | - |
| Profit (loss) for the period9904 | €100k | €81k | €173k | €147k | €3.20M | ▲ 2,081% |
| Profit (loss) for the period to be appropriated9905 | €100k | €81k | €173k | €147k | €3.20M | ▲ 2,081% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.89M | €10.23M | €10.40M | €8.69M | €11.88M | ▲ 36.7% |
| Fixed assets21/28 | €5.59M | €5.62M | €5.59M | €5.56M | €5.54M | ▼ 0.4% |
| Tangible fixed assets22/27 | €346k | €378k | €344k | €313k | €293k | ▼ 6.4% |
| Land and buildings22 | €343k | €321k | €301k | €281k | €261k | ▼ 7.1% |
| Plant, machinery and equipment23 | - | - | - | €3k | €17k | ▲ 445% |
| Furniture and vehicles24 | €3k | €57k | €43k | €29k | €15k | ▼ 46.9% |
| Financial fixed assets28 | €5.24M | €5.24M | €5.24M | €5.24M | €5.24M | = |
| Affiliated companies280/1 | - | - | - | €4.78M | - | - |
| Participating interests280 | - | - | - | €4.78M | - | - |
| Companies linked by participating interests282/3 | - | - | - | €460k | - | - |
| Participating interests282 | - | - | - | €460k | - | - |
| Current assets29/58 | €4.30M | €4.60M | €4.81M | €3.13M | €6.34M | ▲ 102% |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €96k | €127k | €142k | €108k | €150k | ▲ 38.8% |
| Trade receivables40 | €49k | €62k | €61k | €59k | €59k | ▼ 0.6% |
| Other amounts receivable41 | €47k | €65k | €82k | €49k | €91k | ▲ 86.9% |
| Current investments50/53 | €657k | €3.70M | €4.34M | €2.55M | €5.66M | ▲ 121% |
| Other investments51/53 | - | - | - | €2.55M | - | - |
| Cash at bank and in hand54/58 | €3.55M | €781k | €324k | €466k | €525k | ▲ 12.8% |
| Deferred charges and accrued income490/1 | €4k | €879 | €7k | €6k | €9k | ▲ 58.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.89M | €10.23M | €10.40M | €8.69M | €11.88M | ▲ 36.7% |
| Equity10/15 | €2.36M | €2.44M | €2.61M | €2.76M | €5.96M | ▲ 116% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2.34M | €2.43M | €2.60M | €2.75M | €5.95M | ▲ 117% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €2.34M | €2.42M | €2.60M | €2.75M | €5.95M | ▲ 117% |
| Provisions and deferred taxes16 | €5.16M | €5.12M | €5.07M | €5.03M | €4.98M | ▼ 1.0% |
| Provisions for liabilities and charges160/5 | €5.16M | €5.12M | €5.07M | €5.03M | €4.98M | ▼ 1.0% |
| Other liabilities and charges164/5 | €5.16M | €5.12M | €5.07M | €5.03M | €4.98M | ▼ 1.0% |
| Amounts payable17/49 | €2.38M | €2.67M | €2.72M | €905k | €940k | ▲ 3.8% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.07M | €2.36M | €2.41M | €597k | €633k | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | €83k | €0 | - | - | - | - |
| Trade debts44 | €3k | €2k | €3k | €2k | €226 | ▼ 86.8% |
| Suppliers440/4 | €3k | €2k | €3k | €2k | €226 | ▼ 86.8% |
| Taxes, remuneration and social security45 | €3k | €18k | €16k | €46k | €64k | ▲ 38.3% |
| Taxes450/3 | €3k | €14k | €13k | €42k | €64k | ▲ 50.3% |
| Remuneration and social security454/9 | - | €4k | €4k | €4k | €0 | ▼ 100% |
| Other amounts payable47/48 | €1.98M | €2.34M | €2.39M | €550k | €569k | ▲ 3.6% |
| Accrued charges and deferred income492/3 | €312k | €310k | €309k | €308k | €306k | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100k | €81k | €173k | €147k | €3.20M | ▲ 2,081% |
| + Depreciation and write-downs630 | €29k | €33k | €34k | €34k | €35k | ▲ 3.8% |
| Operating cash flow (approximation) | €129k | €115k | €207k | €181k | €3.24M | ▲ 1,690% |
| Investment in fixed assets (approximation) | - | €-65k | €0 | €-2k | €-15k | ▼ 560% |
| Change in cash | - | €-2.76M | €-457k | €142k | €59k | ▼ 58.0% |
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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €3.20M ▲2,081%
Net result €3.20M, the highest in the series.
31-12
Financial
Equity above €5MEq €5.96M ▲116%
6 profitable years in a row build equity to €5.96M.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity triplescurrent ratio 5.24
Current ratio from 2.00 to 5.24; short-term debt falls from €2.41M to €597k.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €87k
Net result €87k after one loss-making year.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Kortrijk · 1 establishment unit since 2008
Ground area
1,350 m²
Building footprint
227 m²
Volume, LiDAR
1,203 m³
Parcel 34033C0220/00P000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMPPHI
since 20082.169.983.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033C0220/00P000 | Flanders | 1,350 m² | 1 · 227 m² | 8.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600I0CRXCEYPWTC61
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Of 5,710 companies in sector 70100 we hold annual accounts for 3,495. 1,061 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
Founded29-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.