IMPULSE 50
ActiveSummary
IMPULSE 50 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158,172 and a net result of €5,109. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-18
Solvency100=
Growth44=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 16.62 against 9.35 in 2024; short-term debt: 5.9% and cash: 1.4% of total assets), and 6.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
93.8%
Return on assets
3%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
37 d early
2023
30 d early
2022
27 d late
2021
20 d late
2020
30 d late
2019
20 d late
← 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 4 days after 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 (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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€61,129▼ 2.1%
2024 · €62,435
EBIT margin
5.2%▼ 8.6pp
2024 · 13.9%
Net result
€5,109▲ 32.1%
2024 · €3,868
Working capital
€156,461▲ 2.6%
2024 · €152,563
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
Turnover€66,167€62,435▼ 5.6%€61,129▼ 2.1%
Operating result€3,974▼ 83.3%€22,626▲ 469%€16,300▼ 28.0%€8,669▼ 46.8%€3,206▼ 63.0%
Net result€2,814▼ 84.8%€16,475▲ 485%€10,019▼ 39.2%€3,868▼ 61.4%€5,109▲ 32.1%
EBIT margin24.6%13.9%▼ 10.7pp5.2%▼ 8.6pp
Equity€122,701▲ 2.3%€139,176▲ 13.4%€149,195▲ 7.2%€153,062▲ 2.6%€158,172▲ 3.3%
Total assets€150,885▼ 10.0%€161,191▲ 6.8%€161,424▲ 0.1%€171,841▲ 6.5%€168,673▼ 1.8%
Debt€28,184▼ 41.1%€22,014▼ 21.9%€12,229▼ 44.4%€18,779▲ 53.6%€10,501▼ 44.1%
Working capital€112,070▲ 5.0%€128,850▲ 15.0%€142,029▲ 10.2%€152,563▲ 7.4%€156,461▲ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €168,673
Fixed assets
€2,196 ▲ 120%
Current assets
€166,477 ▼ 2.6%
Equity and liabilities €168,673
Equity
€158,172 ▲ 3.3%
Debt
€10,501 ▼ 44.1%
Debt's share of the balance-sheet total falls from 10.9% to 6.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,804▼
2024 · €15,335
Cash flow
€5,707▼
2024 · €10,533
Current ratio
16.62▲
2024 · 9.35
Debt to equity
0.07▼
2024 · 0.12
ROE
3.2%▲
2024 · 2.5%
ROA
3.0%▲
2024 · 2.3%
Interest coverage
33.65▼
2024 · 71.98
Debt ≤ 1 year
€10,016▼
2024 · €18,279
Income taxes
-€1,193▼
2024 · €4,625
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €66,167 | €62,435 | €61,129 | ▼ 2.1% |
| Non-recurring operating income76A | - | €220 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €39,898 | €43,591 | €45,301 | €49,278 | €58,841 | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,902 | €6,589 | €6,589 | €6,666 | €598 | ▼ 91.0% |
| Other operating charges640/8 | €245 | €249 | €383 | €571 | €295 | ▼ 48.4% |
| Non-recurring operating charges66A | - | - | €184 | - | - | - |
| Gross operating margin9900 | €15,121 | €29,464 | €23,457 | €15,906 | €4,099 | ▼ 74.2% |
| Operating profit (loss)9901 | €3,974 | €22,626 | €16,300 | €8,669 | €3,206 | ▼ 63.0% |
| Financial income75/76B | €2,470 | €2,567 | €0 | €36 | €823 | ▲ 2,167% |
| Recurring financial income75 | €2,470 | €2,567 | €0 | €36 | €823 | ▲ 2,167% |
| Financial charges65/66B | €523 | €495 | €411 | €213 | €113 | ▼ 46.9% |
| Recurring financial charges65 | €523 | €495 | €411 | €213 | €113 | ▼ 46.9% |
| Profit (loss) for the period before taxes9903 | €5,920 | €24,697 | €15,889 | €8,493 | €3,916 | ▼ 53.9% |
| Income taxes67/77 | €3,106 | €8,222 | €5,870 | €4,625 | -€1,193 | ▼ 126% |
| Profit (loss) for the period9904 | €2,814 | €16,475 | €10,019 | €3,868 | €5,109 | ▲ 32.1% |
| Profit (loss) for the period to be appropriated9905 | €2,814 | €16,475 | €10,019 | €3,868 | €5,109 | ▲ 32.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €150,885 | €161,191 | €161,424 | €171,841 | €168,673 | ▼ 1.8% |
| Fixed assets21/28 | €20,845 | €14,255 | €7,666 | €1,000 | €2,196 | ▲ 120% |
| Tangible fixed assets22/27 | €19,845 | €13,255 | €6,666 | €0 | €1,196 | - |
| Plant, machinery and equipment23 | - | - | - | - | €1,196 | - |
| Furniture and vehicles24 | €15,963 | €10,508 | €5,053 | €0 | €0 | - |
| Other tangible fixed assets26 | €3,881 | €2,747 | €1,612 | €0 | €0 | - |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €130,041 | €146,936 | €153,758 | €170,841 | €166,477 | ▼ 2.6% |
| Amounts receivable within one year40/41 | €127,725 | €146,411 | €149,763 | €163,991 | €155,227 | ▼ 5.3% |
| Trade receivables40 | - | - | €0 | €1,416 | €581 | ▼ 59.0% |
| Other amounts receivable41 | €127,725 | €146,411 | €149,763 | €162,575 | €154,646 | ▼ 4.9% |
| Cash at bank and in hand54/58 | €2,316 | €525 | €3,995 | €5,780 | €2,431 | ▼ 57.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,070 | €8,819 | ▲ 725% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €150,885 | €161,191 | €161,424 | €171,841 | €168,673 | ▼ 1.8% |
| Equity10/15 | €122,701 | €139,176 | €149,195 | €153,062 | €158,172 | ▲ 3.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €108,446 | €124,921 | €134,940 | €138,807 | €143,917 | ▲ 3.7% |
| Amounts payable17/49 | €28,184 | €22,014 | €12,229 | €18,779 | €10,501 | ▼ 44.1% |
| Amounts payable after more than one year17 | €10,214 | €3,429 | €0 | - | - | - |
| Financial debts170/4 | €10,214 | €3,429 | €0 | - | - | - |
| Amounts payable within one year42/48 | €17,971 | €18,085 | €11,729 | €18,279 | €10,016 | ▼ 45.2% |
| Current portion of amounts payable after more than one year42 | €6,687 | €6,785 | €3,429 | - | €0 | - |
| Trade debts44 | €621 | €1,455 | €2,402 | €3,293 | €6,981 | ▲ 112% |
| Suppliers440/4 | €621 | €1,455 | €2,402 | €3,293 | €6,981 | ▲ 112% |
| Taxes, remuneration and social security45 | €8,541 | €9,845 | €5,898 | €10,495 | €3,035 | ▼ 71.1% |
| Taxes450/3 | €8,541 | €9,845 | €5,898 | €10,495 | €3,035 | ▼ 71.1% |
| Other amounts payable47/48 | €2,122 | - | €0 | €4,490 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €500 | €500 | €500 | €485 | ▼ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,814 | €16,475 | €10,019 | €3,868 | €5,109 | ▲ 32.1% |
| + Depreciation and write-downs630 | €10,902 | €6,589 | €6,589 | €6,666 | €598 | ▼ 91.0% |
| Operating cash flow (approximation) | €13,716 | €23,065 | €16,608 | €10,533 | €5,707 | ▼ 45.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | -€1,793 | ▼ 1,793,390% |
| Change in cash | - | -€1,791 | €3,470 | €1,785 | -€3,349 | ▼ 288% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €153,062 ▲2.6%
7 profitable years in a row build equity to €153,062.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
20-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 20 days late
2021
31-12
Financial
Weakest financial yearnet €2,814 ▼84.8%
Net result drops to €2,814, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Equity above €100,000Eq €101,340 ▲43.9%
2 profitable years in a row build equity to €101,340.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 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, Héron · 1 establishment unit since 2015
Ground area
1,633 m²
Building footprint
290 m²
Volume, LiDAR
544 m³
2 parcels, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMPULSE 50
since 20152.246.512.773
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61028B0045/00P000 | Wallonia | 1,245 m² | 1 · 114 m² | 6.0 m · 2 fl. |
| 61047B0283/00E000 | Wallonia | 388 m² | 1 · 176 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 40,758 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
Founded15-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.