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 €6.0m and a net result of €3.2m. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 8737 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 €450,000 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
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 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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€636,817
EBIT margin
83.1%
Net result
€3.2m▲ 2,081%
2024 · €146,710
Working capital
€5.7m▲ 125%
2024 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Turnover€636,817
Operating result€510,617▲ 6.1%€529,893▲ 3.8%€560,812▲ 5.8%€529,401▼ 5.6%€532,757▲ 0.6%
Net result€99,595within the sector's middle half▲ 15.0%€81,395within the sector's middle half▼ 18.3%€173,234above the sector's middle half▲ 113%€146,710within the sector's middle half▼ 15.3%€3.2mabove the sector's middle half▲ 2,081%
EBIT margin83.1%
Equity€2.4mabove the sector's middle half▲ 4.4%€2.4mabove the sector's middle half▲ 3.5%€2.6mabove the sector's middle half▲ 7.1%€2.8mwithin the sector's middle half▲ 5.6%€6.0mabove the sector's middle half▲ 116%
Total assets€9.9mabove the sector's middle half▲ 2.8%€10.2mabove the sector's middle half▲ 3.4%€10.4mabove the sector's middle half▲ 1.7%€8.7mabove the sector's middle half▼ 16.5%€11.9mabove the sector's middle half▲ 36.7%
Debt€2.4m▲ 9.7%€2.7m▲ 12.4%€2.7m▲ 1.7%€905,013▼ 66.7%€939,680▲ 3.8%
Working capital€2.2m▲ 89.2%€2.2m▲ 0.3%€2.4m▲ 7.2%€2.5m▲ 5.5%€5.7m▲ 125%
Solvency23.8%below the sector's middle half▲ 0.4pp23.8%below the sector's middle half=25.1%below the sector's middle half▲ 1.3pp31.7%within the sector's middle half▲ 6.6pp50.2%within the sector's middle half▲ 18.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +2,081% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
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 €11.9m
Fixed assets
€5.5m ▼ 0.4%
Current assets
€6.3m ▲ 102%
Equity and liabilities €11.9m
Equity
€6.0m ▲ 116%
Provisions
€5.0m ▼ 1.0%
Debt
€939,680 ▲ 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
€568,091▲
2024 · €563,450
Cash flow
€3.2m▲
2024 · €180,758
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
€633,267▲
2024 · €597,410
Income taxes
€72,568▲
2024 · €65,239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 545 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.2%
stopped otherwise
95%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
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 497,058 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% | 1.6% |
| 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 74% 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 545 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €675,397 | - | - |
| Turnover70 | - | - | - | €636,817 | - | - |
| Other operating income74 | - | - | - | €38,580 | - | - |
| Operating charges60/66A | - | - | - | €145,996 | - | - |
| Services and other goods61 | - | - | - | €105,599 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,325 | €33,278 | €33,732 | €34,048 | €35,335 | ▲ 3.8% |
| Other operating charges640/8 | €5,221 | €4,183 | €4,997 | €6,349 | €5,136 | ▼ 19.1% |
| Non-recurring operating charges66A | €49,718 | €0 | - | - | - | - |
| Gross operating margin9900 | €594,881 | €567,354 | €599,541 | - | €573,228 | - |
| Operating profit (loss)9901 | €510,617 | €529,893 | €560,812 | €529,401 | €532,757 | ▲ 0.6% |
| Financial income75/76B | €22,572 | €12,391 | €110,221 | €158,284 | €3.1m | ▲ 1,861% |
| Recurring financial income75 | €22,572 | €12,391 | €110,221 | €158,284 | €3.1m | ▲ 1,861% |
| Income from current assets751 | - | - | - | €145,045 | - | - |
| Other financial income752/9 | - | - | - | €13,238 | - | - |
| Financial charges65/66B | €384,647 | €424,777 | €440,473 | €475,736 | €364,645 | ▼ 23.4% |
| Recurring financial charges65 | €384,647 | €424,777 | €440,473 | €475,736 | €364,645 | ▼ 23.4% |
| Debt charges650 | - | - | - | €419,724 | - | - |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | €41,135 | - | - |
| Other financial charges652/9 | - | - | - | €14,878 | - | - |
| Profit (loss) for the period before taxes9903 | €148,542 | €117,507 | €230,560 | €211,949 | €3.3m | ▲ 1,444% |
| Income taxes67/77 | €48,947 | €36,112 | €57,326 | €65,239 | €72,568 | ▲ 11.2% |
| Taxes670/3 | - | - | - | €65,239 | - | - |
| Profit (loss) for the period9904 | €99,595 | €81,395 | €173,234 | €146,710 | €3.2m | ▲ 2,081% |
| Profit (loss) for the period to be appropriated9905 | €99,595 | €81,395 | €173,234 | €146,710 | €3.2m | ▲ 2,081% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.9m | €10.2m | €10.4m | €8.7m | €11.9m | ▲ 36.7% |
| Fixed assets21/28 | €5.6m | €5.6m | €5.6m | €5.6m | €5.5m | ▼ 0.4% |
| Tangible fixed assets22/27 | €346,086 | €377,721 | €343,989 | €313,310 | €293,399 | ▼ 6.4% |
| Land and buildings22 | €342,778 | €320,918 | €301,058 | €281,198 | €261,338 | ▼ 7.1% |
| Plant, machinery and equipment23 | - | - | - | €3,052 | €16,625 | ▲ 445% |
| Furniture and vehicles24 | €3,308 | €56,802 | €42,931 | €29,059 | €15,436 | ▼ 46.9% |
| Financial fixed assets28 | €5.2m | €5.2m | €5.2m | €5.2m | €5.2m | = |
| Affiliated companies280/1 | - | - | - | €4.8m | - | - |
| Participating interests280 | - | - | - | €4.8m | - | - |
| Companies linked by participating interests282/3 | - | - | - | €460,164 | - | - |
| Participating interests282 | - | - | - | €460,164 | - | - |
| Current assets29/58 | €4.3m | €4.6m | €4.8m | €3.1m | €6.3m | ▲ 102% |
| Stocks and contracts in progress3 | - | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €95,842 | €126,618 | €142,434 | €108,108 | €150,040 | ▲ 38.8% |
| Trade receivables40 | €48,816 | €61,567 | €60,575 | €59,439 | €59,083 | ▼ 0.6% |
| Other amounts receivable41 | €47,026 | €65,051 | €81,860 | €48,669 | €90,957 | ▲ 86.9% |
| Current investments50/53 | €656,513 | €3.7m | €4.3m | €2.6m | €5.7m | ▲ 121% |
| Other investments51/53 | - | - | - | €2.6m | - | - |
| Cash at bank and in hand54/58 | €3.5m | €781,298 | €324,081 | €465,768 | €525,234 | ▲ 12.8% |
| Deferred charges and accrued income490/1 | €3,528 | €879 | €7,480 | €5,788 | €9,179 | ▲ 58.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.9m | €10.2m | €10.4m | €8.7m | €11.9m | ▲ 36.7% |
| Equity10/15 | €2.4m | €2.4m | €2.6m | €2.8m | €6.0m | ▲ 116% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2.3m | €2.4m | €2.6m | €2.7m | €5.9m | ▲ 117% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €2.3m | €2.4m | €2.6m | €2.7m | €5.9m | ▲ 117% |
| Provisions and deferred taxes16 | €5.2m | €5.1m | €5.1m | €5.0m | €5.0m | ▼ 1.0% |
| Provisions for liabilities and charges160/5 | €5.2m | €5.1m | €5.1m | €5.0m | €5.0m | ▼ 1.0% |
| Other liabilities and charges164/5 | €5.2m | €5.1m | €5.1m | €5.0m | €5.0m | ▼ 1.0% |
| Amounts payable17/49 | €2.4m | €2.7m | €2.7m | €905,013 | €939,680 | ▲ 3.8% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €2.1m | €2.4m | €2.4m | €597,410 | €633,267 | ▲ 6.0% |
| Current portion of amounts payable after more than one year42 | €83,333 | €0 | - | - | - | - |
| Trade debts44 | €2,946 | €2,308 | €3,243 | €1,714 | €226 | ▼ 86.8% |
| Suppliers440/4 | €2,946 | €2,308 | €3,243 | €1,714 | €226 | ▼ 86.8% |
| Taxes, remuneration and social security45 | €2,632 | €18,039 | €16,269 | €46,016 | €63,662 | ▲ 38.3% |
| Taxes450/3 | €2,632 | €14,389 | €12,629 | €42,366 | €63,662 | ▲ 50.3% |
| Remuneration and social security454/9 | - | €3,650 | €3,640 | €3,650 | €0 | ▼ 100% |
| Other amounts payable47/48 | €2.0m | €2.3m | €2.4m | €549,679 | €569,378 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | €312,011 | €310,054 | €308,786 | €307,603 | €306,413 | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99,595 | €81,395 | €173,234 | €146,710 | €3.2m | ▲ 2,081% |
| + Depreciation and write-downs630 | €29,325 | €33,278 | €33,732 | €34,048 | €35,335 | ▲ 3.8% |
| Operating cash flow (approximation) | €128,920 | €114,673 | €206,966 | €180,758 | €3.2m | ▲ 1,690% |
| Investment in fixed assets (approximation) | - | -€64,912 | €0 | -€2,336 | -€15,424 | ▼ 560% |
| Change in cash | - | -€2.8m | -€457,217 | €141,687 | €59,466 | ▼ 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 €3.2m ▲2,081%
Net result €3.2m, the highest in the series.
31-12
Financial
Equity above €5mEq €6.0m ▲116%
6 profitable years in a row build equity to €6.0m.
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 €2.4m to €597,410.
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 €86,569
Net result €86,569 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 -€2,755
Net result drops to -€2,755, 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.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 2
-
50%
-
25.38%
According to the 2025 annual accounts of IMPPHI 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600I0CRXCEYPWTC61
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,504. 1,067 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895410364
Also
9925:BE0895410364
Registered
16-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.