Equity
Equity rose in 2025 from €33,752 to €85,819.
Equity rose in 2025 from €33,752 to €85,819.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts rose from €46,224 to €58,757.
Higher net result than 85% of companies in wholesale trade. Sector median €5,626 · 13,803 companies.
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 46, micro). It does better than 66% of them on solvency, 83% on liquidity, 95% on profitability and 96% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as IMPULSO has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IMPULSO itself is lower: 0.2% within 12 months. It rests on far more data about IMPULSO than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for IMPULSO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.37 (1.66 in 2024), above the usual 1.5. Short-term debt is 40.6% and cash 87.2% of total assets. 40.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 22 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| IMPULSO Antwerp | €144,576 | €67,718 | 59.4% | - |
| BE GENEROUS Aalter | €143,145 | €66,631 | 78.5% | - |
| VerCaMat Deerlijk | €128,277 | €86,835 | 50.7% | - |
| EASTWOOD Antwerp | €117,963 | €52,697 | 63.6% | - |
| Odith Edegem | €136,230 | €122,493 | 70.2% | - |
| AMOGO Kortrijk | €116,255 | €101,056 | 36.4% | - |
| DYNAMECHO Woluwe-Saint-Pierre | €194,338 | €73,399 | 20.8% | - |
These companies have the same main activity as IMPULSO: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €116,000 and €194,000, founded between 2023 and 2025.
IMPULSO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,819 and a net result of €52,067.
Its solvency ranks better than 65% of 13,797 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €320,000. Estimated: probably between €160,000 and €740,000.
Higher than 65% of 13,797 companies in 2025.
Higher than 63% of 13,178 companies in 2025.
Higher than 92% of 13,357 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
144,576 | 79,976 | |
21/28 |
5,240 | 3,164 | |
22/27 |
5,240 | 3,164 | |
24 |
2,950 | 3,164 | |
26 |
2,290 | - | |
29/58 |
139,335 | 76,812 | |
40/41 |
13,125 | 17,000 | |
40 |
10,904 | 17,000 | |
41 |
2,221 | - | |
54/58 |
126,064 | 59,676 | |
490/1 |
146 | 137 | |
| Balance sheet: equity and liabilities | |||
10/49 |
144,576 | 79,976 | |
10/15 |
85,819 | 33,752 | |
10/11 |
5,000 | 5,000 | |
13 |
80,815 | 28,750 | |
133 |
80,815 | 28,750 | |
14 |
4 | 2 | |
17/49 |
58,757 | 46,224 | |
42/48 |
58,757 | 46,224 | |
44 |
1,811 | 156 | |
440/4 |
1,811 | 156 | |
45 |
23,523 | 15,138 | |
450/3 |
20,923 | 15,138 | |
454/9 |
2,600 | - | |
47/48 |
33,423 | 30,930 | |
| Income statement | |||
9900 |
67,718 | 36,508 | |
630 |
1,677 | 278 | |
640/8 |
236 | - | |
9901 |
65,805 | 36,229 | |
75/76B |
0 | - | |
75 |
0 | - | |
65/66B |
117 | 175 | |
65 |
117 | 175 | |
9903 |
65,688 | 36,054 | |
67/77 |
13,621 | 7,302 | |
9904 |
52,067 | 28,752 | |
9905 |
52,067 | 28,752 | |
| Appropriation of the result | |||
9906 |
52,069 | 28,752 | |
14P |
2 | - | |
691/2 |
52,065 | 28,750 | |
6921 |
52,065 | 28,750 | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 67,481 | 36,508 | ||
| 53,744 | 29,031 | ||
| 3,754 | 3,442 | ||
| 66,389 | - | ||
| 80,579 | 30,589 | ||
| 59.4% | 42.2% | ||
| 2.37 | 1.66 | ||
| 0.68 | 1.37 | ||
| 60.7% | 85.2% | ||
| 36.0% | 36.0% | ||
| over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €3,754 | €3,442 |
| €1,677 | €278 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 82% higher than in 2024.
Debt's share of the balance-sheet total falls from 57.8% to 40.6%. Equity and debt are higher.
IMPULSO has no parent and no holdings in its annual accounts. SPAANS Christophe Jeroen Maria Pilar is the only director. IMPULSO shares no director with another company.
| DR JANSEN - DR DE LOOR
establishment since 12-09-2007 · founded in 2003 |
total assets €879,404 (2025) 0862.506.479 |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
IMPULSO was incorporated on 13 August 2024 as a private limited company by one natural person, with a starting capital of €5,000.12 Since 2024, SPAANS Christophe Jeroen Maria Pilar has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Palmanshoevestraat 106 registered office 2610 Antwerp | 13-08-2024 | 2.363.273.851 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11462A0064/00Z002 | 367 m² | 1 · 108 m² | 11.1 m · 2 |
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