IMPROVERP
ActiveSummary
IMPROVERP has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €327k and a net result of €52k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+6
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.59 against 3.07 in 2024; short-term debt: 10.2% and cash: 2.7% of total assets), and 12.8% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
87.2%
Return on assets
14%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
37 d early
2023
5 d early
2022
16 d late
2021
12 d late
2020
4 d early
2019
33 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€327k▼ 1.7%
2024 · €333k
2018: €157klowest in 8 years
2019: €219k▲ +39.2% vs 2018
2020: €251k▲ +14.4% vs 2019
2021: €296k▲ +18.1% vs 2020
2022: €314k▲ +6.1% vs 2021
2023: €346k▲ +10.1% vs 2022highest in 8 years
2024: €333k▼ -3.6% vs 2023
2025: €327k▼ -1.7% vs 2024
2018 → 2025
Total assets
€375k▼ 8.9%
2024 · €412k
2018: €432k
2019: €444k▲ +2.7% vs 2018
2020: €475k▲ +7.0% vs 2019highest in 8 years
2021: €460k▼ -3.1% vs 2020
2022: €445k▼ -3.2% vs 2021
2023: €452k▲ +1.5% vs 2022
2024: €412k▼ -8.8% vs 2023
2025: €375k▼ -8.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€52k▲ 45.0%
2024 · €36k
2018: €52k
2019: €62k▲ +19.1% vs 2018
2020: €63k▲ +2.0% vs 2019highest in 8 years
2021: €45k▼ -27.9% vs 2020
2022: €42k▼ -6.9% vs 2021
2023: €53k▲ +26.1% vs 2022
2024: €36k▼ -32.0% vs 2023lowest in 8 years
2025: €52k▲ +45.0% vs 2024
2018 → 2025
Working capital
€137k▲ 15.1%
2024 · €119k
2018: €-53klowest in 8 years
2019: €40k▲ +175% vs 2018
2020: €78k▲ +96.7% vs 2019
2021: €84k▲ +7.3% vs 2020
2022: €94k▲ +11.6% vs 2021
2023: €119k▲ +26.9% vs 2022
2024: €119k▲ +0.2% vs 2023
2025: €137k▲ +15.1% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€296k-€314k▲ 6.1%€346k▲ 10.1%€333k▼ 3.6%€327k▼ 1.7%
2021: €296klowest in 5 years
2022: €314k▲ +6.1% vs 2021
2023: €346k▲ +10.1% vs 2022highest in 5 years
2024: €333k▼ -3.6% vs 2023
2025: €327k▼ -1.7% vs 2024
Operating result€67k-€62k▼ 7.7%€79k▲ 27.4%€56k▼ 29.3%€76k▲ 36.5%
2021: €67k
2022: €62k▼ -7.7% vs 2021
2023: €79k▲ +27.4% vs 2022highest in 5 years
2024: €56k▼ -29.3% vs 2023lowest in 5 years
2025: €76k▲ +36.5% vs 2024
Net result€45k-€42k▼ 6.9%€53k▲ 26.1%€36k▼ 32.0%€52k▲ 45.0%
2021: €45k
2022: €42k▼ -6.9% vs 2021
2023: €53k▲ +26.1% vs 2022highest in 5 years
2024: €36k▼ -32.0% vs 2023lowest in 5 years
2025: €52k▲ +45.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 36% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €375k
Fixed assets
€200k ▼ 15.0%
Current assets
€175k ▼ 0.8%
Equity and liabilities €375k
Equity
€327k ▼ 1.7%
Debt
€48k ▼ 39.2%
Debt's share of the balance-sheet total falls from 19.2% to 12.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€112k▲
2024 · €95k
Cash flow
€88k▲
2024 · €76k
Current ratio
4.59▲
2024 · 3.07
Debt to equity
0.15▼
2024 · 0.24
ROE
16.0%▲
2024 · 10.9%
ROA
14.0%▲
2024 · 8.8%
Interest coverage
39.18▲
2024 · 21.13
Debt ≤ 1 year
€38k▼
2024 · €57k
Debt > 1 year
€10k▼
2024 · €22k
Income taxes
€21k▲
2024 · €15k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€412k€375k▼
Fixed assets21/28€236k€200k▼
Tangible fixed assets22/27€236k€200k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€231k€198k▼
Current assets29/58€177k€175k▼
Amounts receivable within one year40/41€161k€162k▲
Trade receivables40€20k€18k▼
Other amounts receivable41€141k€144k▲
Cash at bank and in hand54/58€13k€10k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€412k€375k▼
Equity10/15€333k€327k▼
Contributions10/11€6k€6k=
Reserves13€327k€321k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€12k€12k=
Distributable reserves133€315k€310k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€79k€48k▼
Amounts payable after more than one year17€22k€10k▼
Financial debts170/4€22k€10k▼
Amounts payable within one year42/48€57k€38k▼
Current portion of amounts payable after more than one year42€27k€12k▼
Financial debts43€4k€4k▼
Credit institutions430/8€4k€4k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€23k€19k▼
Taxes450/3€23k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€35k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€98k€114k▲
Operating profit (loss)9901€56k€76k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€51k€73k▲
Income taxes67/77€15k€21k▲
Profit (loss) for the period9904€36k€52k▲
Profit (loss) for the period to be appropriated9905€36k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€52k▲
Transfer from equity791/2€49k€58k▲
Transfer to equity691/2€36k€52k▲
To other reserves6921€36k€52k▲
Profit to be distributed694/7€49k€58k▲
Return on contributions (dividend)694€49k€58k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €37k | €38k | €39k | €35k | ▼ 10.7% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 10.3% |
| Gross operating margin9900 | €100k | €101k | €120k | €98k | €114k | ▲ 16.8% |
| Operating profit (loss)9901 | €67k | €62k | €79k | €56k | €76k | ▲ 36.5% |
| Financial income75/76B | - | - | - | - | €2 | - |
| Recurring financial income75 | - | - | - | - | €2 | - |
| Financial charges65/66B | €4k | €3k | €5k | €5k | €3k | ▼ 36.9% |
| Recurring financial charges65 | €4k | €3k | €5k | €5k | €3k | ▼ 36.9% |
| Profit (loss) for the period before taxes9903 | €63k | €59k | €74k | €51k | €73k | ▲ 42.9% |
| Income taxes67/77 | €18k | €17k | €21k | €15k | €21k | ▲ 38.0% |
| Profit (loss) for the period9904 | €45k | €42k | €53k | €36k | €52k | ▲ 45.0% |
| Profit (loss) for the period to be appropriated9905 | €45k | €42k | €53k | €36k | €52k | ▲ 45.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460k | €445k | €452k | €412k | €375k | ▼ 8.9% |
| Fixed assets21/28 | €314k | €295k | €275k | €236k | €200k | ▼ 15.0% |
| Tangible fixed assets22/27 | €314k | €295k | €275k | €236k | €200k | ▼ 15.0% |
| Furniture and vehicles24 | €14k | €14k | €11k | €5k | €3k | ▼ 45.0% |
| Other tangible fixed assets26 | €300k | €281k | €264k | €231k | €198k | ▼ 14.4% |
| Current assets29/58 | €146k | €150k | €177k | €177k | €175k | ▼ 0.8% |
| Amounts receivable within one year40/41 | €111k | €143k | €158k | €161k | €162k | ▲ 0.5% |
| Trade receivables40 | €24k | €27k | €21k | €20k | €18k | ▼ 9.1% |
| Other amounts receivable41 | €88k | €116k | €137k | €141k | €144k | ▲ 1.8% |
| Cash at bank and in hand54/58 | €32k | €4k | €16k | €13k | €10k | ▼ 19.0% |
| Deferred charges and accrued income490/1 | €2k | €3k | €3k | €3k | €3k | ▲ 5.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460k | €445k | €452k | €412k | €375k | ▼ 8.9% |
| Equity10/15 | €296k | €314k | €346k | €333k | €327k | ▼ 1.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €290k | €308k | €339k | €327k | €321k | ▼ 1.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | €12k | €12k | €12k | €12k | €12k | = |
| Distributable reserves133 | €276k | €294k | €326k | €315k | €310k | ▼ 1.8% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €164k | €131k | €106k | €79k | €48k | ▼ 39.2% |
| Amounts payable after more than one year17 | €102k | €75k | €48k | €22k | €10k | ▼ 53.8% |
| Financial debts170/4 | €102k | €75k | €48k | €22k | €10k | ▼ 53.8% |
| Amounts payable within one year42/48 | €63k | €56k | €58k | €57k | €38k | ▼ 33.6% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €27k | €27k | €12k | ▼ 56.3% |
| Financial debts43 | €4k | €4k | €4k | €4k | €4k | ▼ 0.4% |
| Credit institutions430/8 | €4k | €4k | €4k | €4k | €4k | ▼ 0.4% |
| Trade debts44 | €8k | €7k | €4k | €4k | €3k | ▼ 18.4% |
| Suppliers440/4 | €8k | €7k | €4k | €4k | €3k | ▼ 18.4% |
| Taxes, remuneration and social security45 | €24k | €19k | €23k | €23k | €19k | ▼ 15.8% |
| Taxes450/3 | €24k | €19k | €23k | €23k | €19k | ▼ 15.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45k | €42k | €53k | €36k | €52k | ▲ 45.0% |
| + Depreciation and write-downs630 | €31k | €37k | €38k | €39k | €35k | ▼ 10.7% |
| Operating cash flow (approximation) | €76k | €79k | €92k | €76k | €88k | ▲ 15.9% |
| Investment in fixed assets (approximation) | - | €-18k | €-18k | €0 | €0 | - |
| Change in cash | - | €-28k | €12k | €-4k | €-2k | ▲ 39.9% |
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
08-09
State Gazette act
Appointment: Ilke Smets (bijkomend bestuurder)3 facts ▸
State Gazette act
Appointment: Ilke Smets (bijkomend bestuurder)
3 facts ▸
- General meeting, 10-06-2026
- Director appointment, Ilke Smets (bijkomend bestuurder)
- Director in office, Pieter Verlet (director)
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €36k ▼32%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €63k ▲2%
Operating result €93k, net result €63k, both a record.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.54
Current ratio from 0.51 to 1.54; short-term debt falls from €110k to €74k.
31-12
Financial
Equity above €200kEq €219k ▲39.2%
2 profitable years in a row build equity to €219k.
Show earlier events
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Ilke Smets
CurrentBijkomend bestuurder · since 10-06-2026
10-06-2026
Appointed as Bijkomend bestuurder
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Bertem · 1 establishment unit since 2001
Ground area
950 m²
Building footprint
208 m²
Volume, LiDAR
1,508 m³
Parcel 24061B0026/00F000, Flanders · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tervuursesteenweg 503, 3061 Bertem
since 20012.093.122.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24061B0026/00F000 | Flanders | 950 m² | 1 · 208 m² | 12.7 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,068 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
Founded18-12-2000
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.