IMPROMIZE
ActiveFrom the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
IMPROMIZE has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €139,763. Equity has been growing by about 5% per year since 2018. Its solvency ranks better than 95% of 8,575 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 08-01-2008 Normal situation
- Legal form
- Private limited company
- Registered office
- Ragestraat 34, 9620 Zottegem
- Activity
- Public relations and communication consultancy NACE 73300and 2 others
- Establishment unit
- 2.167.999.983 9620 Zottegem, since 07-01-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 05-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €210,061
- ▲ 1.1%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €139,763
- ▼ 2.1%
- Equity
- €1.1m
- ▼ 0.9%
- Total assets
- €1.1m
- ▼ 1.6%
Score breakdownlowers riskLiquidity: current ratio 32.12, cash €521,711Equity €1.1m (97.0% of total assets)Size: total assets €1.1mFigures for financial year 2025 (filed on 15-05-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 73, micro). It does better than 87% of them on solvency, 97% on liquidity, 60% on profitability and 41% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 72 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
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Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 11-05-2026
- Format
- micro format
- Reference
- 2026-00111240
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 0% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Advertising, market research and public relations activities (NACE 73). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 17,811 companies had the same profile as IMPROMIZE has now. Two years later, 0.3% had gone bankrupt and 96.5% were still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of IMPROMIZE itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 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 17,811 companies, not a prediction for IMPROMIZE. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,434 | €7,744 | €4,519 | €4,526 | €6,896 | €12,287 | €26,774 | €29,410 | ▲ 9.8% |
| Other operating charges640/8 | - | - | - | €1,583 | €1,344 | €1,309 | €2,297 | €1,774 | ▼ 22.8% |
| Non-recurring operating charges66A | - | - | - | - | €267 | €103 | €58 | €248 | ▲ 328% |
| Gross operating margin9900 | €186,782 | €211,219 | €185,279 | €178,489 | €180,524 | €183,874 | €207,739 | €210,061 | ▲ 1.1% |
| Operating profit (loss)9901 | €178,196 | €201,384 | €179,511 | €172,380 | €172,017 | €170,175 | €178,610 | €178,629 | = |
| Financial income75/76B | - | - | - | €1,825 | €1,667 | €5,094 | €22,739 | €20,254 | ▼ 10.9% |
| Recurring financial income75 | €3,262 | €148 | €3,303 | €1,825 | €1,667 | €5,094 | €22,739 | €20,254 | ▼ 10.9% |
| Financial charges65/66B | - | - | - | €293 | €7,938 | -€7,094 | €2,016 | €1,879 | ▼ 6.8% |
| Recurring financial charges65 | €14,083 | -€13,954 | €314 | €293 | €7,938 | -€7,094 | €2,016 | €1,879 | ▼ 6.8% |
| Profit (loss) for the period before taxes9903 | €167,375 | €215,486 | €182,500 | €173,912 | €165,746 | €182,363 | €199,333 | €197,004 | ▼ 1.2% |
| Income taxes67/77 | €56,101 | €64,508 | €53,744 | €51,042 | €48,065 | €51,957 | €56,624 | €57,241 | ▲ 1.1% |
| Profit (loss) for the period9904 | €111,274 | €150,978 | €128,756 | €122,870 | €117,681 | €130,406 | €142,709 | €139,763 | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €111,274 | €150,978 | €128,756 | €122,870 | €117,681 | €130,406 | €142,709 | €139,763 | ▼ 2.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.9m | €1.0m | €1.1m | €1.3m | €1.4m | €1.1m | €1.1m | ▼ 1.6% |
| Fixed assets21/28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.04m | €0.05m | €0.1m | €0.08m | ▼ 25.6% |
| Tangible fixed assets22/27 | €0.01m | €0.01m | €0.01m | €0.01m | €0.04m | €0.05m | €0.1m | €0.08m | ▼ 25.6% |
| Plant, machinery and equipment23 | - | - | - | - | €0.001m | €0.001m | €263 | - | - |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.04m | €0.04m | €0.1m | €0.07m | ▼ 27.4% |
| Other tangible fixed assets26 | - | - | - | €0.005m | €0.003m | €0.002m | €0.001m | €0.003m | ▲ 121% |
| Current assets29/58 | €0.8m | €0.9m | €1.0m | €1.1m | €1.2m | €1.3m | €1.0m | €1.0m | ▲ 0.8% |
| Amounts receivable within one year40/41 | €0.05m | €0.05m | €0.07m | €0.05m | €0.05m | €0.06m | €0.06m | €0.06m | ▼ 4.6% |
| Trade receivables40 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | ▲ 5.5% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▼ 21.7% |
| Current investments50/53 | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | €0.4m | €0.6m | €0.5m | ▼ 23.0% |
| Cash at bank and in hand54/58 | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €0.8m | €0.4m | €0.5m | ▲ 38.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.003m | €0.004m | €0.001m | €0.005m | ▲ 425% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.9m | €1.0m | €1.1m | €1.3m | €1.4m | €1.1m | €1.1m | ▼ 1.6% |
| Equity10/15 | €0.7m | €0.9m | €1.0m | €1.1m | €1.2m | €1.0m | €1.1m | €1.1m | ▼ 0.9% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.7m | €0.8m | €1.0m | €1.1m | €1.2m | €0.9m | €1.1m | €1.1m | ▼ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | - | - | - | - |
| Distributable reserves133 | - | - | - | €1.1m | €1.2m | €0.9m | €1.1m | €1.1m | ▼ 0.9% |
| Amounts payable17/49 | €0.09m | €0.02m | €0.04m | €0.03m | €0.04m | €0.4m | €0.04m | €0.03m | ▼ 19.2% |
| Amounts payable within one year42/48 | €0.09m | €0.02m | €0.04m | €0.03m | €0.04m | €0.4m | €0.04m | €0.03m | ▼ 21.9% |
| Trade debts44 | €0.006m | €0.002m | €0.008m | €0.005m | €0.02m | €0.007m | €0.005m | €0.004m | ▼ 15.9% |
| Suppliers440/4 | - | - | - | €0.005m | €0.02m | €0.007m | €0.005m | €0.004m | ▼ 15.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 3.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.02m | €0.03m | €0.03m | ▲ 3.8% |
| Other amounts payable47/48 | - | - | - | - | €0.004m | €0.4m | €0.009m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €374 | €15 | €0.001m | ▲ 76× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111,274 | €150,978 | €128,756 | €122,870 | €117,681 | €130,406 | €142,709 | €139,763 | ▼ 2.1% |
| + Depreciation and write-downs630 | €6,434 | €7,744 | €4,519 | €4,526 | €6,896 | €12,287 | €26,774 | €29,410 | ▲ 9.8% |
| Operating cash flow (approximation) | €117,708 | €158,722 | €133,275 | €127,396 | €124,577 | €142,693 | €169,483 | €169,173 | ▼ 0.2% |
| Investment in fixed assets (approximation) | - | -€10,019 | -€3,468 | -€1,100 | -€39,720 | -€17,182 | -€83,567 | -€2,743 | ▲ 96.7% |
| Change in cash | - | €63,008 | €132,414 | €125,345 | €103,130 | -€87,805 | -€457,560 | €145,162 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-05-2026 | 2026-00111240 | |
| 31-12-2024 | micro format | 22-05-2025 | 2025-00104283 | |
| 31-12-2023 | micro format | 27-05-2024 | 2024-00103318 | |
| 31-12-2022 | micro format | 24-05-2023 | 2023-00102756 | |
| 31-12-2021 | micro format | 19-05-2022 | 2022-20031041 | |
| 31-12-2020 | micro format | 26-05-2021 | 2021-15300541 | |
| 31-12-2019 | micro format | 12-05-2020 | 2020-11900135 | |
| 31-12-2018 | micro format | 29-05-2019 | 2019-15100192 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-34300008 | |
| 31-12-2016 | micro format | 31-05-2017 | 2017-14300420 |
Comparable companies
These companies have the same main activity as IMPROMIZE: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €1m and €1.4m, founded between 2006 and 2009.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| IMPROMIZE Zottegem | 2008 | €1.1m | €1.1m | €0.2m | €0.1m | - | 2025 |
| Certinvest Lokeren | 2008 | €1.0m | €0.8m | €0.2m | €0.2m | 0 | 2025 |
| INFORMATION MAPPING INTERNATIONAL Gent | 2009 | €1.3m | €0.8m | €0.2m | -€0.1m | 3 | 2025 |
| bureau brussels Brussel | 2008 | €1.2m | €0.4m | €0.3m | €0.06m | 1.7 | 2025 |
| SMEDKA Bierbeek | 2009 | €1.2m | €0.06m | €0.2m | €0.009m | - | 2025 |
| Debrouwer Consulting Wervik | 2008 | €1.3m | €0.6m | €0.2m | €0.08m | - | 2025 |
| AMARYLIS CONSULT Antwerpen | 2006 | €1.4m | €1.3m | €0.2m | €0.09m | 1 | 2025 |
They were chosen from the 7,100 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MATTHYS Michaël |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Een of meer bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd”
Articles of association, deed of 12-12-2023
Owners and capital
Capital transactions
- 12-12-2023 Converted to unavailable equity
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Bestuursbevoegdheid, geheel van bevoegdheden met delegatiemogelijkheid”“Reserves en winstverdeling, voor zover voldaan aan wettelijke uitkeringsvoorwaarden”
Articles of association, deed of 12-12-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of IMPROMIZE. Every other company they run is a node.
History
Acts, filings and financial milestones
12-12
Gazette deed
Resignation: MATTHYS Michaël (manager)Appointment: MATTHYS Michaël (director) · Purpose change · Amendment of the articles12 points ▸
- General meeting, 05-12-2023
- Other provision, “wijziging voorwerp - verslag bestuursorgaan, vergadering ontslaat voorzitter van voorlezing verslag bestuursorgaan aangaande wijziging voorwerp” (deed in Dutch)
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Capital
- Director resignation, MATTHYS Michaël (manager)
- Director appointment, MATTHYS Michaël (director (not named in the articles))
- Director discharge, MATTHYS Michaël
- Registered office clause, “9620 Zottegem,Ragestraat 34” (deed in Dutch)
- Power of attorney
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202512 activities
- De organisatie,de reorganisatie,het beheer,de controle,de evaluatie van privaatrechtelijke of publiekrechtelijke ondernemingen,verenigingen,overheden of instellingen,alsmede de advisering en begeleiding terzake en ondermeer met betrekking tot de oprichting,de verwerving en de financiering van ondernemingen,procesintegratie,performantieverbetering,crisismanagement en waardecreatie
- Het verstrekken van advies,begeleiding,opleiding en diensten op strategisch,financieel,commercieel,industrieel,technologisch of beheersgebied,met uitzondering van alle gereglementeerde activiteiten waarvoor de vennootschap geen vergunning bezit
- Het onderzoek,de exploitatie en de commercialisatie van hardware en softwareproducten alsmede de advisering en begeleiding terzake
- De organisatie van congressen,seminaries,commerciële trainingsessies en andere publicitaire evenementen en activiteiten gericht op privaatrechtelijke of publiekrechtelijke ondernemingen,verenigingen,overheden,instellingen of private personen
- Managementactiviteiten van holdings:besturen en/of vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere managementactiviteiten
- Het nemen van participaties in vennootschappen
- Het opnemen van mandaat als bestuurder in vennootschappen
- Het verlenen van advies en praktische hulp aan bedrijven in verband met public relations en communicatie
- Het voor eigen rekening aanleggen,oordeelkundig uitbouwen,en beheren van een onroerend vermogen;alle verrichtingen tot bebouwde en onbebouwde onroerende goederen,gelegen in België of in het buitenland al dan niet onder toepassing van BTW,en onroerende zakelijke rechten(vruchtgebruik,recht van opstal,erfpacht…),zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,leasen,in leasing geven,verkavelen,prospecteren en uitbaten van onroerende goederen
- De verhuur en ter beschikkingstelling van al dan niet gemeubelde appartementen,huizen,kantoorgebouwen en industriegebouwen aan derden
- Het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën,de aan- en verkoop,huur en verhuur van roerende goederen en betrekkende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen;alsmede zich borgstellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voorvermelde roerende en onroerende goederen
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook;zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten.De vennootschap mag evenwel geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in de Wetten en Koninklijke besluiten op de financiële transacties en de financiële markten en over het vermogensbeheer en beleggingsadvies
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41017A0387/00M000 | Flanders | 2,315 m² | 1 · 117 m² | 7.7 m · 2 |