IMPROVABLE
ActiveSummary
IMPROVABLE has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,320 and a net result of €16,320. Equity has been growing by about 31% per year since 2021. Its solvency ranks better than 37% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-10-2021 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.327.596.162 2170 Antwerp, since 27-10-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 24-09-2025
Board and ownership
- Huybrechts IvanDirector · since 27-10-2021
- HUYBRECHTS Ivan Liliane Gérardfounderdeed of 29-10-2021
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €21,137
- Turnover
- ≈ €99,000
- estimated
- Profit
- €16,320
- Equity
- €19,320
- ▲ 108%
- Total assets
- €48,390
- ▲ 260%
Score breakdownlowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.64, cash €11,956Size: total assets €48,390Figures for financial year 2025 (filed on 20-07-2026)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 70, micro). It does better than 38% of them on solvency, 31% on liquidity, 84% on profitability and 90% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 5 accounts on average 24 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 5 filings
Every figure per financial year
The operating result for 2025 is a profit of €20,262, after a loss of €8,278 in 2024. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,846 | - | - | - |
| Depreciation and write-downs of the year | - | €87 | €569 | €569 | €569 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €87 | €569 | €569 | €569 | = |
| Other operating charges640/8 | €50 | €102 | €357 | €218 | €305 | ▲ 40.0% |
| Gross operating margin9900 | €4,518 | €16,499 | -€684 | -€7,490 | €21,137 | - |
| Operating profit (loss)9901 | €4,468 | €16,310 | -€1,610 | -€8,278 | €20,262 | - |
| Financial income75/76B | - | €61 | €2 | €44 | €221 | ▲ 405% |
| Recurring financial income75 | - | €61 | €2 | €44 | €221 | ▲ 405% |
| Financial charges65/66B | - | €0 | €334 | €169 | €153 | ▼ 9.1% |
| Recurring financial charges65 | - | €0 | €334 | €169 | €153 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €4,468 | €16,370 | -€1,942 | -€8,403 | €20,329 | - |
| Income taxes67/77 | €894 | €2,584 | €715 | €0 | €4,009 | - |
| Profit (loss) for the period9904 | €3,574 | €13,786 | -€2,657 | -€8,403 | €16,320 | - |
| Profit (loss) for the period to be appropriated9905 | €3,574 | €13,786 | -€2,657 | -€8,403 | €16,320 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,691 | €29,337 | €28,186 | €13,429 | €48,390 | ▲ 260% |
| Fixed assets21/28 | - | €2,759 | €2,190 | €1,620 | €1,051 | ▼ 35.1% |
| Tangible fixed assets22/27 | - | €2,759 | €2,190 | €1,620 | €1,051 | ▼ 35.1% |
| Furniture and vehicles24 | - | €2,759 | €2,190 | €1,620 | €1,051 | ▼ 35.1% |
| Current assets29/58 | €11,691 | €26,578 | €25,996 | €11,809 | €47,338 | ▲ 301% |
| Amounts receivable within one year40/41 | €5,054 | €4,688 | €9,075 | €919 | €35,382 | ▲ 38× |
| Trade receivables40 | €4,860 | €3,444 | €2,291 | €0 | €33,680 | - |
| Other amounts receivable41 | €194 | €1,244 | €6,784 | €919 | €1,702 | ▲ 85.2% |
| Cash at bank and in hand54/58 | €6,637 | €21,890 | €16,921 | €10,890 | €11,956 | ▲ 9.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,691 | €29,337 | €28,186 | €13,429 | €48,390 | ▲ 260% |
| Equity10/15 | €6,574 | €20,360 | €17,703 | €9,300 | €19,320 | ▲ 108% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €3,574 | €17,360 | €14,703 | €6,300 | €16,320 | ▲ 159% |
| Distributable reserves133 | €3,574 | €17,360 | €14,703 | €6,300 | €16,320 | ▲ 159% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €5,117 | €8,977 | €10,483 | €4,129 | €29,070 | ▲ 604% |
| Amounts payable within one year42/48 | €5,117 | €8,977 | €10,483 | €4,129 | €28,870 | ▲ 599% |
| Trade debts44 | €4,223 | €3,933 | €9,757 | €2,457 | €18,162 | ▲ 639% |
| Suppliers440/4 | €4,223 | €3,933 | €9,757 | €2,457 | €18,162 | ▲ 639% |
| Taxes, remuneration and social security45 | €894 | €3,299 | €573 | €483 | €2,843 | ▲ 489% |
| Taxes450/3 | €894 | €3,299 | €573 | €483 | €2,843 | ▲ 489% |
| Other amounts payable47/48 | - | €1,745 | €154 | €1,189 | €7,865 | ▲ 561% |
| Accrued charges and deferred income492/3 | - | - | - | - | €200 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,574 | €13,786 | -€2,657 | -€8,403 | €16,320 | - |
| + Depreciation and write-downs630 | - | €87 | €569 | €569 | €569 | = |
| Operating cash flow (approximation) | €3,574 | €13,873 | -€2,087 | -€7,833 | €16,889 | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €15,253 | -€4,969 | -€6,031 | €1,067 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as IMPROVABLE has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMPROVABLE itself is lower: < 0.1% within 12 months. It rests on far more data about IMPROVABLE than the profile alone.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for IMPROVABLE. 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.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00309767 | |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00223536 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00456619 | |
| 31-12-2022 | micro format | 22-09-2023 | 2023-00454704 | |
| 31-12-2021 | micro format | 14-10-2022 | 2022-20460626 |
Board & ownership
Directors
Owners and capital
Shareholders
- HUYBRECHTS Ivan Liliane Gérard sole founder · 100% at incorporation
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene vergadering die bestuurder(s) benoemt, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 29-10-2021 (in Dutch)
Network & group
IMPROVABLE shares no director with another company.
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of IMPROVABLE. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
29-10
Gazette deed
IncorporationFounder: HUYBRECHTS Ivan Liliane Gérard · Founding capital of €3,000, 100 shares · Appointment: HUYBRECHTS Ivan Liliane Gérard (director)4 points ▸
- Founder, HUYBRECHTS Ivan Liliane Gérard
- Founding capital, €3,000, 100 shares
- Registered office clause, Laarsebaan 103 bus 7, 2170 Antwerpen (Merksem)
- Director appointment, HUYBRECHTS Ivan Liliane Gérard (director (not named in the articles))
- The deed holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20255 activities
- De uitbating van een bouwbedrijf voor de aanneming en uitvoering van metselwerken,betonwerken,grondwerken,bepleisteringen,schrijn en timmerwerken,constructiewerken,bevloeringen,voegwerken,restauratiewerken,slopingswerken,dichtingswerken,dakwerken,schilderwerken,het plaatsen van vloer- en wandtegels,het plaatsen van parket,alle werken in verband met centrale verwarming,elektriciteit en sanitair,wegenbouw en rioleringswerken.
- Tuinaanleg,het onderhoud van tuinen,het plaatsen en onderhoud van vijvers,omheiningen,enzovoort;
- De vennootschap mag tevens als algemene bouwonderneming de bedrijvigheid coördineren die betrekking heeft op de gehele of gedeeltelijke uitvoering van bouw- en voltooiingwerken door onderaannemers.
- De aankoop-verkoop,huur en verhuring van alle soorten materieel,gereedschappen,machines,installaties en computers,soft- en hardware;
- Bijkomende diensten als veiligheidscoördinator en preventieadviseur in de meest ruimte zin;
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0776.559.729
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11028A0147/00N005 | Flanders | 601 m² | 1 · 243 m² | 18.1 m · 5 |