IMPROFUND
ActiveSummary
IMPROFUND has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €980k and a net result of €-85k. Equity is shrinking by ~7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-1
Solvency85▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.01 in 2024; short-term debt: 5.3% and cash: 0% of total assets), and 39.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
60.4%
Return on assets
-5.3%
Age of the figures
10 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-85k
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 02-03-2026, 120 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
120 d early
2024
19 d early
2023
5 d early
2022
10 d early
2021
38 d early
2020
20 d early
2019
26 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€980k▼ 8.0%
2024 · €1.07M
2018: €1.61M
2019: €1.52M
2020: €1.42M
2021: €1.34M
2022: €1.26M
2023: €1.15M
2024: €1.07M
2018 → 2025
Total assets
€1.62M▼ 4.3%
2024 · €1.70M
2018: €2.18M
2019: €2.10M
2020: €2.01M
2021: €1.93M
2022: €1.85M
2023: €1.77M
2024: €1.70M
2018 → 2025
Net result
€-85k▼ 4.1%
2024 · €-82k
2018: €45k
2019: €-91k
2020: €-107k
2021: €-75k
2022: €-84k
2023: €-108k
2024: €-82k
2018 → 2025
Working capital
€-82k▲ 17.9%
2024 · €-100k
2018: €-82k
2019: €-86k
2020: €-92k
2021: €-45k
2022: €-41k
2023: €-69k
2024: €-100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.34M-€1.26M▼ 6.3%€1.15M▼ 8.6%€1.07M▼ 7.2%€980k▼ 8.0%
Operating result€-73k-€-82k▼ 12.2%€-104k▼ 27.0%€-78k▲ 25.2%€-82k▼ 5.4%
Net result€-75k-€-84k▼ 11.9%€-108k▼ 28.0%€-82k▲ 23.9%€-85k▼ 4.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €82k in 2025 against €78k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.62M ▼ 4.4%
Current assets
€3k ▲ 157%
Equity and liabilities €1.62M
Equity
€980k ▼ 8.0%
Debt
€644k ▲ 2.0%
Debt's share of the balance-sheet total rises from 37.2% to 39.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €-3k
Cash flow
€-11k▼
2024 · €-8k
Current ratio
0.04▲
2024 · 0.01
Debt to equity
0.66▲
2024 · 0.59
ROE
-8.7%▼
2024 · -7.7%
ROA
-5.3%▼
2024 · -4.8%
Interest coverage
-2.26▼
2024 · -0.81
Debt ≤ 1 year
€86k▼
2024 · €101k
Debt > 1 year
€558k▲
2024 · €529k
Income taxes
€0▼
2024 · €2
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.70M€1.62M▼
Fixed assets21/28€1.69M€1.62M▼
Tangible fixed assets22/27€1.52M€1.45M▼
Land and buildings22€1.52M€1.45M▼
Financial fixed assets28€175k€175k=
Current assets29/58€1k€3k▲
Amounts receivable within one year40/41€1k€2k▲
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€50€102▲
Deferred charges and accrued income490/1€188€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.70M€1.62M▼
Equity10/15€1.07M€980k▼
Contributions10/11€1.75M€1.75M=
Capital10€1.75M€1.75M=
Issued capital100€1.75M€1.75M=
Reserves13€12k€12k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Profit (loss) carried forward14€-694k€-780k▼
Amounts payable17/49€631k€644k▲
Amounts payable after more than one year17€529k€558k▲
Financial debts170/4€529k€558k▲
Amounts payable within one year42/48€101k€86k▼
Current portion of amounts payable after more than one year42€50k€27k▼
Trade debts44€35k€59k▲
Suppliers440/4€35k€59k▲
Taxes, remuneration and social security45€32-
Taxes450/3€32-
Other amounts payable47/48€16k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€74k=
Other operating charges640/8€23k€24k▲
Gross operating margin9900€20k€16k▼
Operating profit (loss)9901€-78k€-82k▼
Financial income75/76B€6€0▼
Recurring financial income75€6€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-82k€-85k▼
Income taxes67/77€2€0▼
Profit (loss) for the period9904€-82k€-85k▼
Profit (loss) for the period to be appropriated9905€-82k€-85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-694k€-780k▼
Profit (loss) brought forward from the previous period14P€-612k€-694k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-11
Financial
Weakest financial yearnet €-108k
Net result drops to €-108k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Retie · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Provinciebaan 642470 RetieGround area
1,303 m²
Building footprint
223 m²
Parcel 13632H0148/00R002, Flanders. Linked by address, not a title deed.
1 establishment unit
IMPRO-FUND
since 19972.081.800.835
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13632H0148/00R002 | Flanders | 1,303 m² | 1 · 223 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-04-1997
Fiscal year end30-11
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.