IMPROVEZ
InactiveInactive since 11-07-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
81 d early
2024
31 d early
2023
21 d early
2022
55 d early
2021
34 d early
2020
43 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€353,312▲ 19.7%
2024 · €295,066
Total assets
€363,212▲ 17.9%
2024 · €308,047
Net result
€63,312▼ 38.0%
2024 · €102,078
Working capital
€307,228▲ 33.5%
2024 · €230,195
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,470▲ 1,641%€109,141▲ 151%€57,111▼ 47.7%€144,735▲ 153%€78,593▼ 45.7%
Net result€30,520▲ 42.1%€67,670▲ 122%€47,796▼ 29.4%€102,078▲ 114%€63,312▼ 38.0%
Equity€265,316▲ 13.0%€229,117▼ 13.6%€192,988▼ 15.8%€295,066▲ 52.9%€353,312▲ 19.7%
Total assets€285,491▲ 14.1%€265,348▼ 7.1%€214,400▼ 19.2%€308,047▲ 43.7%€363,212▲ 17.9%
Debt€20,174▲ 30.7%€36,231▲ 79.6%€21,412▼ 40.9%€12,981▼ 39.4%€9,900▼ 23.7%
Working capital€238,764▲ 3.4%€210,151▼ 12.0%€177,408▼ 15.6%€230,195▲ 29.8%€307,228▲ 33.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €363,212
Fixed assets
€46,098 ▼ 28.9%
Current assets
€317,114 ▲ 30.4%
Equity and liabilities €363,212
Equity
€353,312 ▲ 19.7%
Debt
€9,900 ▼ 23.7%
Debt's share of the balance-sheet total falls from 4.2% to 2.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91,425▼
2024 · €153,513
Cash flow
€76,144▼
2024 · €110,856
Current ratio
32.08▲
2024 · 18.73
Debt to equity
0.03▼
2024 · 0.04
ROE
17.9%▼
2024 · 34.6%
ROA
17.4%▼
2024 · 33.1%
Interest coverage
3.10▼
2024 · 775.91
Debt ≤ 1 year
€9,885▼
2024 · €12,981
Income taxes
€39,633▼
2024 · €50,084
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,060 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,934 | €7,238 | €7,836 | €8,778 | €12,832 | ▲ 46.2% |
| Other operating charges640/8 | €1,238 | €746 | €731 | €705 | €398 | ▼ 43.5% |
| Gross operating margin9900 | €50,643 | €117,126 | €65,678 | €154,219 | €91,823 | ▼ 40.5% |
| Operating profit (loss)9901 | €43,470 | €109,141 | €57,111 | €144,735 | €78,593 | ▼ 45.7% |
| Financial income75/76B | €2,382 | €16,484 | €21,014 | €7,624 | €53,861 | ▲ 606% |
| Recurring financial income75 | €2,382 | €16,484 | €21,014 | €7,624 | €53,861 | ▲ 606% |
| Financial charges65/66B | €622 | €18,062 | €5,046 | €198 | €29,509 | ▲ 14,815% |
| Recurring financial charges65 | €622 | €18,062 | €5,046 | €198 | €29,509 | ▲ 14,815% |
| Profit (loss) for the period before taxes9903 | €45,230 | €107,564 | €73,079 | €152,162 | €102,945 | ▼ 32.3% |
| Income taxes67/77 | €14,710 | €39,894 | €25,282 | €50,084 | €39,633 | ▼ 20.9% |
| Profit (loss) for the period9904 | €30,520 | €67,670 | €47,796 | €102,078 | €63,312 | ▼ 38.0% |
| Profit (loss) for the period to be appropriated9905 | €30,520 | €67,670 | €47,796 | €102,078 | €63,312 | ▼ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €285,491 | €265,348 | €214,400 | €308,047 | €363,212 | ▲ 17.9% |
| Fixed assets21/28 | €26,552 | €19,314 | €15,580 | €64,871 | €46,098 | ▼ 28.9% |
| Tangible fixed assets22/27 | €26,527 | €19,289 | €15,555 | €64,846 | €46,073 | ▼ 28.9% |
| Plant, machinery and equipment23 | - | - | - | €1,876 | €1,494 | ▼ 20.4% |
| Furniture and vehicles24 | €26,527 | €19,289 | €15,555 | €62,970 | €44,579 | ▼ 29.2% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €258,938 | €246,034 | €198,820 | €243,176 | €317,114 | ▲ 30.4% |
| Amounts receivable within one year40/41 | €20,094 | €44,649 | €11,536 | €17,524 | €219 | ▼ 98.8% |
| Trade receivables40 | €18,422 | €44,649 | €11,495 | €17,364 | €0 | ▼ 100% |
| Other amounts receivable41 | €1,672 | €0 | €41 | €161 | €219 | ▲ 36.1% |
| Current investments50/53 | €177,643 | €134,011 | €74,076 | €76,522 | €102,495 | ▲ 33.9% |
| Cash at bank and in hand54/58 | €60,676 | €67,126 | €112,950 | €148,534 | €213,819 | ▲ 44.0% |
| Deferred charges and accrued income490/1 | €525 | €248 | €257 | €596 | €580 | ▼ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €285,491 | €265,348 | €214,400 | €308,047 | €363,212 | ▲ 17.9% |
| Equity10/15 | €265,316 | €229,117 | €192,988 | €295,066 | €353,312 | ▲ 19.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €246,716 | €210,517 | €174,388 | €276,466 | €334,712 | ▲ 21.1% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €244,856 | €210,517 | €174,388 | €276,466 | €334,712 | ▲ 21.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €20,174 | €36,231 | €21,412 | €12,981 | €9,900 | ▼ 23.7% |
| Amounts payable within one year42/48 | €20,174 | €35,883 | €21,412 | €12,981 | €9,885 | ▼ 23.8% |
| Financial debts43 | - | - | €150 | €0 | - | - |
| Credit institutions430/8 | - | - | €150 | €0 | - | - |
| Trade debts44 | €51 | €32 | €373 | €885 | €163 | ▼ 81.6% |
| Suppliers440/4 | €51 | €32 | €373 | €885 | €163 | ▼ 81.6% |
| Taxes, remuneration and social security45 | €17,804 | €16,233 | €10,833 | €8,091 | €4,671 | ▼ 42.3% |
| Taxes450/3 | €17,804 | €16,233 | €10,833 | €8,091 | €4,671 | ▼ 42.3% |
| Other amounts payable47/48 | €2,319 | €19,618 | €10,057 | €4,005 | €5,051 | ▲ 26.1% |
| Accrued charges and deferred income492/3 | - | €348 | €0 | - | €15 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,520 | €67,670 | €47,796 | €102,078 | €63,312 | ▼ 38.0% |
| + Depreciation and write-downs630 | €5,934 | €7,238 | €7,836 | €8,778 | €12,832 | ▲ 46.2% |
| Operating cash flow (approximation) | €36,454 | €74,908 | €55,632 | €110,856 | €76,144 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | €0 | -€4,102 | -€58,069 | €5,940 | ▲ 110% |
| Change in cash | - | €6,451 | €45,824 | €35,584 | €65,285 | ▲ 83.5% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €102,078 ▲114%
Operating result €144,735, net result €102,078, both a record.
31-12
Financial
Liquidity doublescurrent ratio 18.73
Current ratio from 9.29 to 18.73; short-term debt falls from €21,412 to €12,981.
31-12
Financial
Equity above €200,000Eq €295,066 ▲52.9%
6 profitable years in a row build equity to €295,066.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 15.96
Current ratio from 7.91 to 15.96; short-term debt falls from €30,131 to €15,433.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11,576
Net result €11,576 after one loss-making year.
Show earlier events
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Pajottegem
Ground area
916 m²
Building footprint
154 m²
Volume, LiDAR
785 m³
Parcel 23087D0227/00S000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23087D0227/00S000 | Flanders | 916 m² | 1 · 154 m² | 8.1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,185 EUR awarded · 1,185 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,185 EUR | 1,185 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
967600EWG0RKWX7WOW49
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 37,166 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
Founded24-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.