IMPROCO
ActiveSummary
IMPROCO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,527 and a net result of -€4,677. Equity remains stable across the filed financial years (±1.9% per year). Its solvency ranks better than 88% of 2,592 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €87,527
- Loss
- -€4,677
Why 95raises riskLast filed accounts filed 31 days late; 3 of the last 3 latelowers riskLiquidity: current ratio 7.00, cash €84,296Sector: Education (NACE 85)Size: total assets €101,508Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro): better than 88% on solvency, 90% on liquidity, 22% on profitability and 34% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 280 days after the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2023 · micro…
- Annual accounts filedfinancial year 2022 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00467267.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €876 in 2025 against €1,707 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,908 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90.9% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,908 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,630 | €2,153 | €2,154 | €1,790 | €611 | €337 | €133 | €1,190 | ▲ 795% |
| Other operating charges640/8 | - | - | - | €1,119 | €1,047 | €894 | €1,297 | €928 | ▼ 28.5% |
| Gross operating margin9900 | €17,620 | €5,741 | €20,144 | -€20,186 | -€24,828 | €59,307 | -€277 | €1,242 | - |
| Operating profit (loss)9901 | €14,204 | €2,524 | €17,302 | -€23,095 | -€26,486 | €58,076 | -€1,707 | -€876 | ▲ 48.7% |
| Financial income75/76B | - | - | - | €36 | - | €110 | €217 | €302 | ▲ 39.2% |
| Recurring financial income75 | €52 | €143 | €40 | €36 | - | €110 | €217 | €302 | ▲ 39.2% |
| Financial charges65/66B | - | - | - | €194 | €196 | €304 | €114 | €159 | ▲ 39.0% |
| Recurring financial charges65 | €231 | €144 | €192 | €194 | €196 | €304 | €114 | €159 | ▲ 39.0% |
| Profit (loss) for the period before taxes9903 | €14,026 | €2,524 | €17,149 | -€23,253 | -€26,682 | €57,882 | -€1,604 | -€732 | ▲ 54.3% |
| Income taxes67/77 | €3,671 | €1,391 | €3,842 | -€72 | - | €3,720 | €318 | €3,944 | ▲ 12× |
| Profit (loss) for the period9904 | €10,355 | €1,132 | €13,307 | -€23,181 | -€26,682 | €54,162 | -€1,922 | -€4,677 | ▼ 143% |
| Profit (loss) for the period to be appropriated9905 | €10,355 | €1,132 | €13,307 | -€23,181 | -€26,682 | €54,162 | -€1,922 | -€4,677 | ▼ 143% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €94,742 | €88,072 | €96,668 | €83,011 | €79,272 | €124,285 | €103,660 | €101,508 | ▼ 2.1% |
| Fixed assets21/28 | €4,463 | €3,979 | €1,825 | €1,048 | €437 | €100 | €4,363 | €3,673 | ▼ 15.8% |
| Tangible fixed assets22/27 | €4,463 | €3,879 | €1,725 | €948 | €337 | - | €4,263 | €3,073 | ▼ 27.9% |
| Furniture and vehicles24 | - | - | - | €948 | €337 | - | €4,263 | €3,073 | ▼ 27.9% |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | €100 | €100 | €600 | ▲ 500% |
| Current assets29/58 | €90,279 | €84,093 | €94,842 | €81,963 | €78,835 | €124,185 | €99,297 | €97,836 | ▼ 1.5% |
| Amounts receivable within one year40/41 | €988 | €43,756 | €21,086 | €54,700 | €43,141 | €27,383 | €46,999 | €13,540 | ▼ 71.2% |
| Trade receivables40 | - | - | - | €48,434 | €43,141 | €26,301 | €46,987 | €10,194 | ▼ 78.3% |
| Other amounts receivable41 | - | - | - | €6,266 | - | €1,082 | €12 | €3,346 | ▲ 279× |
| Cash at bank and in hand54/58 | €89,291 | €39,095 | €72,516 | €27,263 | €35,694 | €96,777 | €51,298 | €84,296 | ▲ 64.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €25 | €1,000 | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €94,742 | €88,072 | €96,668 | €83,011 | €79,272 | €124,285 | €103,660 | €101,508 | ▼ 2.1% |
| Equity10/15 | €75,285 | €76,519 | €89,827 | €66,646 | €39,964 | €94,126 | €92,204 | €87,527 | ▼ 5.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | - | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €69,085 | €68,459 | €81,767 | €58,586 | €31,904 | €86,066 | €84,144 | €79,467 | ▼ 5.6% |
| Amounts payable17/49 | €19,457 | €11,553 | €6,841 | €16,365 | €39,308 | €30,159 | €11,456 | €13,981 | ▲ 22.0% |
| Amounts payable within one year42/48 | €19,457 | €11,553 | €6,841 | €16,365 | €39,308 | €30,159 | €11,456 | €13,981 | ▲ 22.0% |
| Trade debts44 | €7,123 | €6,339 | €3,925 | €5,450 | €9,767 | €17,397 | €6,877 | €390 | ▼ 94.3% |
| Suppliers440/4 | - | - | - | €5,450 | €9,767 | €17,397 | €6,877 | €390 | ▼ 94.3% |
| Taxes, remuneration and social security45 | - | - | - | €9,530 | €26,769 | €12,762 | €3,868 | €13,591 | ▲ 251% |
| Taxes450/3 | - | - | - | €4,516 | €13,352 | €12,762 | €3,868 | €13,591 | ▲ 251% |
| Remuneration and social security454/9 | - | - | - | €5,014 | €13,417 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,385 | €2,772 | - | €711 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,355 | €1,132 | €13,307 | -€23,181 | -€26,682 | €54,162 | -€1,922 | -€4,677 | ▼ 143% |
| + Depreciation and write-downs630 | €1,630 | €2,153 | €2,154 | €1,790 | €611 | €337 | €133 | €1,190 | ▲ 795% |
| Operating cash flow (approximation) | €11,985 | €3,285 | €15,461 | -€21,391 | -€26,071 | €54,499 | -€1,789 | -€3,487 | ▼ 94.9% |
| Investment in fixed assets (approximation) | - | -€1,669 | €0 | -€1,013 | €0 | €0 | -€4,396 | -€500 | ▲ 88.6% |
| Change in cash | - | -€50,196 | €33,420 | -€45,253 | €8,431 | €61,083 | -€45,479 | €32,998 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00467267 |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00533248 |
| 31-12-2023 | micro format | 17-01-2026 | 2026-00009630 |
| 31-12-2022 | micro format | 17-01-2026 | 2026-00009629 |
| 31-12-2021 | micro format | 26-12-2022 | 2022-20548284 |
| 31-12-2020 | micro format | 28-12-2021 | 2021-82000280 |
| 31-12-2019 | micro format | 16-12-2020 | 2020-75900260 |
| 31-12-2018 | micro format | 25-10-2019 | 2019-71500280 |
| 31-12-2017 | micro format | 27-09-2018 | 2018-64900144 |
| 31-12-2016 | micro format | 27-10-2017 | 2017-68300460 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DETHIENNE Hugues JeanMarie Marina |
|
| JANSSENS Emmanuelle Marie Benoît |
|
Owners and capital
Capital and shareholders
- DETHIENNE Hugues JeanMarie Marina 51 shares
- JANSSENS Emmanuelle Marie Benoît 49 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 03-07-2024 Converted to unavailable equity
- 03-07-2024 Converted to available equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
03-07
Gazette deed
Resignation: DETHIENNE Hugues JeanMarie Marina (manager)Appointments: DETHIENNE Hugues JeanMarie Marina (director) and JANSSENS Emmanuelle Marie Benoît (director) · Shareholding · Legal-form conversion32 facts ▸
- General meeting, 19-06-2024
- Shareholding, 19-06-2024, 51
- Shareholding, 19-06-2024, 49
- Other provision, 100, “total_actions_émises” (deed in French)
- Other provision, “ordre du jour point 1, constat_application_CSA” (deed in French)
- Other provision, “ordre du jour point 2, rendre disponible en vue distributions futures” (deed in French)
- Other provision, “ordre du jour point 3, transfert_siège” (deed in French)
- Other provision, “ordre du jour point 4, rapport_organe_administration_justification_détaillée” (deed in French)
- Other provision, “ordre du jour point 5, adoption_nouveaux_statuts_concordance_CSA” (deed in French)
- Other provision, “ordre du jour point 6, mission_notaire_établir_déposer_coordination_statuts” (deed in French)
- Other provision, “ordre du jour point 7, démissions_nominations” (deed in French)
- Other provision, “ordre du jour point 8, adresse_siège” (deed in French)
- +20 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25772G0165/00D004 | Wallonia | 347 m² | 1 · 59 m² | - |
| 25772G0165/00V005 | Wallonia | 201 m² | 1 · 59 m² | 11.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IMPROCO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, établir ou supprimer par simple décision de l’organe d’administration” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, un ou plusieurs administrateurs” (deed in French)“Fixe ou proportionnelle, assemblée générale” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision de l'assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté de l'assemblée générale de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque…” (deed in French)