IMPULSE 26
ActiveSummary
The computed 12-month bankruptcy probability of IMPULSE 26 is 1.8% (moderate). The 2025 annual accounts show negative equity (€-129k) and a net result of €-95k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 10407 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-10
Solvency0▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.83 against 3.43 in 2024; short-term debt: 34.8% and cash: 5.8% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-24.8%
Return on assets
-18.4%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-129k
neutral · Filed after the deadline
The financial year that closed on 31-01-2025 was due by 31-08-2025 and was filed on 29-09-2025, 29 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
2026
not confirmed
2025
29 d late
2024
37 d late
2023
57 d late
2022
47 d late
2021
30 d late
2020
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€-129k▼ 288%
2024 · €-33k
2019: €-121k
2020: €-155k▼ -28.1% vs 2019lowest in 7 years
2021: €-111k▲ +28.4% vs 2020
2022: €-104k▲ +6.4% vs 2021
2023: €10k▲ +110% vs 2022highest in 7 years
2024: €-33k▼ -421% vs 2023
2025: €-129k▼ -288% vs 2024
2019 → 2025
Total assets
€519k▼ 13.7%
2024 · €602k
2019: €693k
2020: €782k▲ +12.7% vs 2019highest in 7 years
2021: €555k▼ -28.9% vs 2020
2022: €567k▲ +2.1% vs 2021
2023: €582k▲ +2.7% vs 2022
2024: €602k▲ +3.3% vs 2023
2025: €519k▼ -13.7% vs 2024lowest in 7 years
2019 → 2025
Net result
€-95k▼ 120%
2024 · €-43k
2019: €-22k
2020: €-34k▼ -52.1% vs 2019
2021: €44k▲ +229% vs 2020highest in 7 years
2022: €7k▼ -83.7% vs 2021
2023: €-23k▼ -429% vs 2022
2024: €-43k▼ -85.1% vs 2023
2025: €-95k▼ -120% vs 2024lowest in 7 years
2019 → 2025
Working capital
€332k▼ 21.7%
2024 · €423k
2019: €232k
2020: €160k▼ -31.1% vs 2019lowest in 7 years
2021: €206k▲ +29.0% vs 2020
2022: €192k▼ -6.9% vs 2021
2023: €298k▲ +55.1% vs 2022
2024: €423k▲ +42.2% vs 2023highest in 7 years
2025: €332k▼ -21.7% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-111k-€-104k▲ 6.4%€10k€-33k€-129k▼ 288%
2021: €-111k
2022: €-104k▲ +6.4% vs 2021
2023: €10k▲ +110% vs 2022highest in 5 years
2024: €-33k▼ -421% vs 2023
2025: €-129k▼ -288% vs 2024lowest in 5 years
Operating result€55k-€16k▼ 70.1%€-869€-22k▼ 2,468%€-65k▼ 191%
2021: €55khighest in 5 years
2022: €16k▼ -70.1% vs 2021
2023: €-869▼ -105% vs 2022
2024: €-22k▼ -2468% vs 2023
2025: €-65k▼ -191% vs 2024lowest in 5 years
Net result€44k-€7k▼ 83.7%€-23k€-43k▼ 85.1%€-95k▼ 120%
2021: €44khighest in 5 years
2022: €7k▼ -83.7% vs 2021
2023: €-23k▼ -429% vs 2022
2024: €-43k▼ -85.1% vs 2023
2025: €-95k▼ -120% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2025 against €22k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519k
Fixed assets
€7k ▲ 70.2%
Current assets
€512k ▼ 14.3%
Key figures and ratios
EBITDA
€-64k▼
2024 · €-20k
Cash flow
€-95k▼
2024 · €-41k
Solvency
-24.8%▼
2024 · -5.5%
Current ratio
2.83▼
2024 · 3.43
Quick ratio
0.19▼
2024 · 0.27
Debt to equity
-5.04▲
2024 · -19.16
ROA
-18.4%▼
2024 · -7.2%
Interest coverage
-2.10▼
2024 · -0.86
Debt
€648k▲
2024 · €635k
Debt ≤ 1 year
€181k▲
2024 · €174k
Debt > 1 year
€448k=
2024 · €448k
Staff costs
€136k▼
2024 · €175k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€602k€519k▼
Fixed assets21/28€4k€7k▲
Tangible fixed assets22/27€2k€5k▲
Furniture and vehicles24-€3k
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€2k€2k=
Current assets29/58€598k€512k▼
Stocks and contracts in progress3€550k€478k▼
Stocks30/36€550k€478k▼
Amounts receivable within one year40/41€7k€951▼
Trade receivables40€5k€420▼
Other amounts receivable41€1k€531▼
Cash at bank and in hand54/58€38k€30k▼
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€602k€519k▼
Equity10/15€-33k€-129k▼
Contributions10/11€163k€163k=
Profit (loss) carried forward14€-196k€-291k▼
Amounts payable17/49€635k€648k▲
Amounts payable after more than one year17€448k€448k=
Financial debts170/4€285k€285k=
Other amounts payable178/9€163k€163k=
Amounts payable within one year42/48€174k€181k▲
Trade debts44€124k€127k▲
Suppliers440/4€124k€127k▲
Taxes, remuneration and social security45€46k€54k▲
Taxes450/3€25k€35k▲
Remuneration and social security454/9€21k€19k▼
Other amounts payable47/48€5k€48▼
Accrued charges and deferred income492/3€13k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€175k€136k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€831▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€107k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€160k€182k▲
Operating profit (loss)9901€-22k€-65k▼
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€23k€31k▲
Recurring financial charges65€23k€31k▲
Profit (loss) for the period before taxes9903€-43k€-95k▼
Profit (loss) for the period9904€-43k€-95k▼
Profit (loss) for the period to be appropriated9905€-43k€-95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-196k€-291k▼
Profit (loss) brought forward from the previous period14P€-152k€-196k▼
Social balance
Average headcount (FTE)90872.62.6=
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €132k | €189k | €175k | €136k | ▼ 22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €4k | €3k | €831 | ▼ 66.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €89k | €21k | €2k | €107k | ▲ 5,973% |
| Other operating charges640/8 | - | €654 | €17k | €3k | €3k | ▼ 15.0% |
| Gross operating margin9900 | €183k | €240k | €231k | €160k | €182k | ▲ 14.0% |
| Operating profit (loss)9901 | €55k | €16k | €-869 | €-22k | €-65k | ▼ 191% |
| Financial income75/76B | - | €688 | €5 | €2k | €1 | ▼ 100.0% |
| Recurring financial income75 | €123 | €688 | €5 | €2k | €1 | ▼ 100.0% |
| Financial charges65/66B | - | €10k | €23k | €23k | €31k | ▲ 33.2% |
| Recurring financial charges65 | €11k | €10k | €23k | €23k | €31k | ▲ 33.2% |
| Profit (loss) for the period before taxes9903 | €44k | €7k | €-23k | €-43k | €-95k | ▼ 120% |
| Profit (loss) for the period9904 | €44k | €7k | €-23k | €-43k | €-95k | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | €44k | €7k | €-23k | €-43k | €-95k | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €555k | €567k | €582k | €602k | €519k | ▼ 13.7% |
| Fixed assets21/28 | €12k | €9k | €7k | €4k | €7k | ▲ 70.2% |
| Tangible fixed assets22/27 | €9k | €7k | €4k | €2k | €5k | ▲ 148% |
| Furniture and vehicles24 | - | €4k | €2k | - | €3k | - |
| Other tangible fixed assets26 | - | €3k | €3k | €2k | €1k | ▼ 33.3% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €544k | €558k | €576k | €598k | €512k | ▼ 14.3% |
| Stocks and contracts in progress3 | €477k | €540k | €542k | €550k | €478k | ▼ 13.1% |
| Stocks30/36 | - | €540k | €542k | €550k | €478k | ▼ 13.1% |
| Amounts receivable within one year40/41 | €45k | €1k | €3k | €7k | €951 | ▼ 85.8% |
| Trade receivables40 | - | €0 | €3k | €5k | €420 | ▼ 92.3% |
| Other amounts receivable41 | - | €1k | €320 | €1k | €531 | ▼ 56.8% |
| Cash at bank and in hand54/58 | €17k | €13k | €26k | €38k | €30k | ▼ 20.1% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €4k | €4k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €555k | €567k | €582k | €602k | €519k | ▼ 13.7% |
| Equity10/15 | €-111k | €-104k | €10k | €-33k | €-129k | ▼ 288% |
| Contributions10/11 | - | €25k | €163k | €163k | €163k | = |
| Profit (loss) carried forward14 | €-136k | €-129k | €-152k | €-196k | €-291k | ▼ 48.8% |
| Amounts payable17/49 | €666k | €670k | €572k | €635k | €648k | ▲ 2.0% |
| Amounts payable after more than one year17 | €329k | €305k | €288k | €448k | €448k | = |
| Financial debts170/4 | - | €5k | €125k | €285k | €285k | = |
| Other amounts payable178/9 | - | €300k | €163k | €163k | €163k | = |
| Amounts payable within one year42/48 | €338k | €366k | €278k | €174k | €181k | ▲ 3.7% |
| Trade debts44 | €149k | €194k | €132k | €124k | €127k | ▲ 2.5% |
| Suppliers440/4 | - | €194k | €132k | €124k | €127k | ▲ 2.5% |
| Advances received on contracts in progress46 | - | €15k | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €157k | €146k | €46k | €54k | ▲ 17.0% |
| Taxes450/3 | - | €116k | €110k | €25k | €35k | ▲ 40.9% |
| Remuneration and social security454/9 | - | €41k | €36k | €21k | €19k | ▼ 11.7% |
| Other amounts payable47/48 | - | - | - | €5k | €48 | ▼ 98.9% |
| Accrued charges and deferred income492/3 | - | - | €7k | €13k | €20k | ▲ 50.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €7k | €-23k | €-43k | €-95k | ▼ 120% |
| + Depreciation and write-downs630 | €3k | €3k | €4k | €3k | €831 | ▼ 66.9% |
| Operating cash flow (approximation) | €46k | €10k | €-19k | €-41k | €-95k | ▼ 131% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €-4k | - |
| Change in cash | - | €-4k | €13k | €11k | €-8k | ▼ 167% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
31-01
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series.
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 37 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 57 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 47 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
31-01
Financial
Back to profitnet €44k
Net result €44k after 2 loss-making years.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2019
14-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 75 days late
2018
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 84 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2001
Ground area
225 m²
Building footprint
220 m²
Volume, LiDAR
2,201 m³
Parcel 21811M0607/00D000, Brussels · tallest building 17.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwe Graanmarkt 5, 1000 Brussel
since 20012.095.222.170
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M0607/00D000 | Brussels | 225 m² | 1 · 220 m² | 17.7 m · 3 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 6,502 companies in sector 47716 we hold annual accounts for 2,440. 1,253 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
Founded08-08-2001
Fiscal year end31-01
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.