IMPROVIUM
Open bankruptcyA bankruptcy procedure is open for IMPROVIUM according to publications in the Belgian State Gazette; curator: DANIEL ZAMARIOLA.
No longer registered with the KBO since 07-08-2026; last annual accounts for fiscal year 2025.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€221k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
9 d early
2024
148 d late
2023
153 d late
2022
115 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-221k
2024 · €63k
2022: €82k
2023: €71k
2024: €63k
2022 → 2025
Total assets
€54k▼ 82.5%
2024 · €306k
2022: €289k
2023: €305k
2024: €306k
2022 → 2025
Net result
€-284k▼ 3,678%
2024 · €-8k
2022: €45k
2023: €-11k
2024: €-8k
2022 → 2025
Working capital
€-183k▼ 68.7%
2024 · €-109k
2022: €-31k
2023: €-71k
2024: €-109k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€82k-€71k▼ 14.0%€63k▼ 10.6%€-221k
Operating result€79k-€-2k€-2k▲ 3.5%€-28k▼ 1,282%
Net result€45k-€-11k€-8k▲ 34.6%€-284k▼ 3,678%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €2k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€12k▼ 95.4%
Current assets
€42k▼ 22.2%
Key figures and ratios
EBITDA
€-25k▼
2024 · €-1k
Cash flow
€-282k▼
2024 · €-7k
Solvency
-412.8%▼
2024 · 20.6%
Current ratio
0.19▼
2024 · 0.33
Quick ratio
0.19▼
2024 · 0.33
Debt / equity
-1.24▼
2024 · 3.85
ROE
128.6%▲
2024 · -11.9%
ROA
-530.7%▼
2024 · -2.5%
Interest coverage
-4.44▼
2024 · -0.14
Debt
€274k▲
2024 · €243k
Debt ≤ 1 year
€225k▲
2024 · €163k
Debt > 1 year
€49k▼
2024 · €80k
Income taxes
€408▲
2024 · €394
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€306k€54k▼
Fixed assets21/28€252k€12k▼
Tangible fixed assets22/27€2k€11k▲
Furniture and vehicles24€2k€11k▲
Financial fixed assets28€250k€186▼
Current assets29/58€54k€42k▼
Amounts receivable within one year40/41€54k€40k▼
Trade receivables40-€9k
Other amounts receivable41€54k€31k▼
Cash at bank and in hand54/58-€528
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€306k€54k▼
Equity10/15€63k€-221k▼
Contributions10/11€38k€38k=
Profit (loss) carried forward14€26k€-258k▼
Amounts payable17/49€243k€274k▲
Amounts payable after more than one year17€80k€49k▼
Financial debts170/4€80k€49k▼
Amounts payable within one year42/48€163k€225k▲
Current portion of amounts payable after more than one year42€33k€34k▲
Financial debts43€622-
Credit institutions430/8€622-
Trade debts44€32k€128k▲
Suppliers440/4€32k€128k▲
Taxes, remuneration and social security45€64k€51k▼
Taxes450/3€64k€51k▼
Other amounts payable47/48€33k€13k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€849€2k▲
Other operating charges640/8€5k€2k▼
Gross operating margin9900€3k€-23k▼
Operating profit (loss)9901€-2k€-28k▼
Financial income75/76B€3k-
Recurring financial income75€3k-
Financial charges65/66B€8k€256k▲
Recurring financial charges65€8k€6k▼
Non-recurring financial charges66B-€250k
Profit (loss) for the period before taxes9903€-7k€-284k▼
Income taxes67/77€394€408▲
Profit (loss) for the period9904€-8k€-284k▼
Profit (loss) for the period to be appropriated9905€-8k€-284k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-258k▼
Profit (loss) brought forward from the previous period14P€33k€26k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Namur · IMPROVIUM SRL RUE DES VISONS, 21, 5364 SCHALTIN · event 06-08-2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-284k
Net result drops to €-284k, the lowest in the series.
26-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 148 days late
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 153 days late
2023
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Hamois · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Visons, Schaltin 215364 HamoisGround area
3,059 m²
Building footprint
120 m²
Parcel 91116A0042/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
IMPROVIUM
since 20212.318.841.319
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91116A0042/00F000 | Wallonia | 3,059 m² | 1 · 120 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DANIEL ZAMARIOLA RUE COURTEJOIE 47,
5590 CINEY |
06-08-2026 → present |
Similar companies · same sector and region
anTma
BE 0689.983.269
Hamois
CertiOne
BE 0751.651.317
Hamois
CréAlive
BE 0668.476.983
Hamois
Deneil Engineering and Consulting Services Management
BE 1039.277.103
Hamois
FCO Partner
BE 0763.728.312
Hamois
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 82,218 companies in sector 70200 we hold annual accounts for 52,396.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2021
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
01480Raising of other animals
01490Crop and animal production, hunting and related service activities
71121Engineering and related technical consultancy, excluding land surveyors
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.