ImPROving
ActiveSummary
ImPROving has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,756 and a net result of -€56,964. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 19% of 39,184 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €102,756
- Loss
- -€56,964
Why 81raises riskLoss of €56,964 (financial year 2025)Last filed accounts filed 31 days late; 1 of the last 3 latelowers riskSize: total assets €705,955Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 20% on solvency, 43% on liquidity, 12% on profitability and 16% on growth.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Purpose · Amendment of the articlesApproval · Purpose change
- Weakest financial yearnet -€56,964
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00478720.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €13,864 after €37,183 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 748 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 96.7% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 748 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €2,066 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €599 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,322 | €28,333 | €28,348 | €26,099 | €10,143 | €8,657 | €23,200 | €35,586 | ▲ 53.4% |
| Other operating charges640/8 | - | - | - | €661 | €796 | €5,086 | €1,275 | €2,647 | ▲ 108% |
| Non-recurring operating charges66A | - | - | - | €5,987 | €0 | - | - | - | - |
| Gross operating margin9900 | €122,566 | €17,457 | €68,417 | €90,073 | €113,203 | €95,153 | €62,258 | €24,370 | ▼ 60.9% |
| Operating profit (loss)9901 | €79,129 | -€11,080 | €39,365 | €57,326 | €102,264 | €81,410 | €37,183 | -€13,864 | - |
| Financial income75/76B | - | - | - | €185 | €0 | €1 | €0 | €140 | ▲ 7,000× |
| Recurring financial income75 | €167 | €43 | €14 | €185 | €0 | €1 | €0 | €140 | ▲ 7,000× |
| Financial charges65/66B | - | - | - | €846 | €443 | €253 | €24,468 | €42,835 | ▲ 75.1% |
| Recurring financial charges65 | €2,193 | €1,421 | €1,258 | €846 | €443 | €253 | €24,468 | €42,835 | ▲ 75.1% |
| Profit (loss) for the period before taxes9903 | €77,103 | -€12,459 | €38,121 | €56,665 | €101,821 | €81,158 | €12,716 | -€56,558 | - |
| Income taxes67/77 | €27,800 | €385 | €10,000 | €14,026 | €22,303 | €28,012 | €6,119 | €406 | ▼ 93.4% |
| Profit (loss) for the period9904 | €49,303 | -€12,844 | €28,121 | €42,639 | €79,518 | €53,146 | €6,597 | -€56,964 | - |
| Profit (loss) for the period to be appropriated9905 | €49,303 | -€12,844 | €28,121 | €42,639 | €79,518 | €53,146 | €6,597 | -€56,964 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €129,325 | €119,724 | €127,394 | €145,735 | €177,995 | €213,271 | €801,815 | €705,955 | ▼ 12.0% |
| Fixed assets21/28 | €66,296 | €67,836 | €46,591 | €20,549 | €10,406 | €1,749 | €712,374 | €681,462 | ▼ 4.3% |
| Tangible fixed assets22/27 | €66,096 | €67,736 | €46,491 | €20,449 | €10,306 | €1,649 | €712,274 | €681,362 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | - | - | €7,641 | €4,148 | €678 | €0 | €950 | - |
| Furniture and vehicles24 | - | - | - | €12,809 | €6,158 | €972 | €70,213 | €61,481 | ▼ 12.4% |
| Leasing and similar rights25 | - | - | - | - | - | - | €620,101 | €594,680 | ▼ 4.1% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €21,959 | €24,250 | ▲ 10.4% |
| Financial fixed assets28 | €200 | €100 | €100 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €63,030 | €51,888 | €80,802 | €125,186 | €167,589 | €211,522 | €89,441 | €24,493 | ▼ 72.6% |
| Amounts receivable within one year40/41 | €18,824 | €39,687 | €39,135 | €30,771 | €47,584 | €19,472 | €20,740 | €2,772 | ▼ 86.6% |
| Trade receivables40 | - | - | - | €23,594 | €47,584 | €19,472 | €19,624 | €2,772 | ▼ 85.9% |
| Other amounts receivable41 | - | - | - | €7,177 | €0 | - | €1,116 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €42,498 | €7,497 | €39,804 | €92,471 | €117,649 | €189,780 | €68,694 | €21,241 | ▼ 69.1% |
| Deferred charges and accrued income490/1 | - | - | - | €1,943 | €2,356 | €2,270 | €7 | €480 | ▲ 71× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €129,325 | €119,724 | €127,394 | €145,735 | €177,995 | €213,271 | €801,815 | €705,955 | ▼ 12.0% |
| Equity10/15 | €67,903 | €55,060 | €83,181 | €20,460 | €99,978 | €153,124 | €159,720 | €102,756 | ▼ 35.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €134,524 | €141,120 | €141,120 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €134,524 | €141,120 | €141,120 | = |
| Profit (loss) carried forward14 | €47,443 | €34,600 | €62,721 | €0 | €79,518 | - | - | -€56,964 | - |
| Amounts payable17/49 | €61,422 | €64,664 | €44,213 | €125,275 | €78,018 | €60,147 | €642,095 | €603,199 | ▼ 6.1% |
| Amounts payable after more than one year17 | €40,156 | €39,230 | €18,668 | €6,146 | €1,555 | - | €585,752 | €539,071 | ▼ 8.0% |
| Financial debts170/4 | - | - | - | €6,146 | €1,555 | - | €585,752 | €539,071 | ▼ 8.0% |
| Amounts payable within one year42/48 | €21,266 | €25,435 | €25,544 | €119,130 | €76,463 | €60,147 | €56,342 | €64,128 | ▲ 13.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,523 | €4,591 | €1,555 | €44,236 | €46,681 | ▲ 5.5% |
| Trade debts44 | €637 | €218 | €1,107 | €794 | €7,145 | €1,950 | €4,161 | €4,338 | ▲ 4.2% |
| Suppliers440/4 | - | - | - | €794 | €7,145 | €1,950 | €4,161 | €4,338 | ▲ 4.2% |
| Taxes, remuneration and social security45 | - | - | - | €8 | €15,315 | €8,495 | €7,946 | €9,893 | ▲ 24.5% |
| Taxes450/3 | - | - | - | €8 | €15,315 | €8,495 | €6,533 | €9,893 | ▲ 51.4% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €1,413 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €105,805 | €49,413 | €48,148 | - | €3,216 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,303 | -€12,844 | €28,121 | €42,639 | €79,518 | €53,146 | €6,597 | -€56,964 | - |
| + Depreciation and write-downs630 | €42,322 | €28,333 | €28,348 | €26,099 | €10,143 | €8,657 | €23,200 | €35,586 | ▲ 53.4% |
| Operating cash flow (approximation) | €91,626 | €15,489 | €56,469 | €68,738 | €89,661 | €61,803 | €29,797 | -€21,378 | - |
| Investment in fixed assets (approximation) | - | -€29,873 | -€7,103 | -€57 | €0 | €0 | -€733,825 | -€4,673 | ▲ 99.4% |
| Change in cash | - | -€35,001 | €32,307 | €52,667 | €25,177 | €72,131 | -€121,085 | -€47,453 | ▲ 60.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00478720 |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00274492 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00299404 |
| 31-12-2022 | micro format | 07-07-2023 | 2023-00214167 |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20105891 |
| 31-12-2020 | micro format | 17-06-2021 | 2021-21600240 |
| 31-12-2019 | micro format | 10-07-2020 | 2020-28900276 |
| 31-12-2018 | micro format | 25-06-2019 | 2019-25000332 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €1,127 awarded · €1,127 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BRUYNSEELS Joris Marc Dirk |
|
Owners and capital
Capital and shareholders
- 30-11-2023 Converted to unavailable equity · €18,600
- 30-11-2023 Converted to unavailable equity · €1,860
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-05
Gazette deed
Purpose · Amendment of the articlesApproval · Purpose change5 facts ▸
- General meeting, 05-05-2026
- Approval, 05-05-2026
- Purpose change
- Amendment of the articles, 3
- Other provision, “voorzitter”, director discharge (deed in Dutch)
30-11
Gazette deed
Resignation: BRUYNSEELS Joris Marc Dirk (enige niet statutaire bestuurder)Appointment: BRUYNSEELS Joris Marc Dirk (director) · Legal-form conversion · Capital conversion8 facts ▸
- General meeting, 17-11-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch) (2 times)
- Reserve release, “opheffing, middelen beschikbaar voor eventuele uitkering” (deed in Dutch)
- Director resignation, BRUYNSEELS Joris Marc Dirk (enige niet statutaire bestuurder(zaakvoerder))
- Director discharge, BRUYNSEELS Joris Marc Dirk
- Director appointment, BRUYNSEELS Joris Marc Dirk (director (not named in the articles))
- Amendment of the articles
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11017B0059/00S004 | Flanders | 1,156 m² | 1 · 117 m² | 8.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van administratie, planning, organisatie, efficiëntie…” (deed in Dutch)
15 activities (deed in Dutch)
- Het verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van administratie, planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, marketing, public relations, enzovoorts
- Coaching in de breedste zin van het woord
- Project Management Office (PMO) – Program – Projectmanagement, Advisory & Support
- Het inrichten, organiseren en geven van allerhande opleidingen bij middel van alle mogelijke voordrachten, cursussen, seminaries, workshops, ontwikkelingsactiviteiten en publicaties, dit alles in het algemeen en in het bijzonder in het kader van de activiteiten die verband houden met het maatschappelijke doel van de vennootschap
- Marktanalist, zowel in Europa als buiten Europa, zowel in verband met import als export
- Handelsbemiddeling en handelsvertegenwoordiging in de breedste zin van het woord
- Publiciteitsonderneming
- Patrimoniumvennootschap
- Projectontwikkeling
- Beheren van roerende goederen welke onder meer omvat de verwerving, de vervreemding, het beheer, de uitbating, de huur en de verhuur ervan
- Dienstenchequebedrijf: voor zover de vennootschap voldoet aan alle voorwaarde om deze erkenning te bekomen en onder voorwaarde van borgstelling zoals eveneens opgenomen in de wetgeving en de reglementering op de dienstencheques
- Foodtruck, uitbating een horecazaak en alle aanverwante activiteiten, traiteur
- Engineering van tooling/ machining
- Activiteiten van shiatsu, thai massage, watsu, tuina qigong, enzovoorts
- De uitbating van een massage- en wellnesssalon
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11 - Bevoegdheden van het bestuursorgaan: 11.1 Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)“Of mandaat al dan niet ten kosteloze titel wordt uitgeoefend, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid verworven aantal bij meer kopers ook bij weigering…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, voorkeurrecht toe aan eigenaar-pandgever” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “In vormen vereist voor statutenwijziging, ontbinding” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaars bij ontbinding, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen andere vereffenaar…” (deed in Dutch)