Summary
IMPULZ is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €63,856 and a net result of €7,903. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 70% of 6,658 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
In the rankings
#9 oldest company in Herzele, Finance and insurance sector
Equity
€63,856▲ 14.1%
2024 · €55,953
Net result
€7,903▼ 43.0%
2024 · €13,856
Total assets
€87,730▲ 11.6%
2024 · €78,645
Solvency
72.8%▲ 1.6pp
2024 · 71.1%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 43% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€11,514
2025
Net result€7,903
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€87,730
2025
Equity€63,856
2025
Debt€23,874
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€32,091
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)9.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency72.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.58
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€16,851-€13,766▼ 18.3%-€9,626€12,782€18,946▲ 48.2%€20,031▲ 5.7%€11,514▼ 42.5%
Net result€12,008-€9,476within the sector's middle half▼ 21.1%-€9,938below the sector's middle half€11,311within the sector's middle half€13,300within the sector's middle half▲ 17.6%€13,856within the sector's middle half▲ 4.2%€7,903within the sector's middle half▼ 43.0%
Equity€19,448-€28,924below the sector's middle half▲ 48.7%€18,986below the sector's middle half▼ 34.4%€28,797below the sector's middle half▲ 51.7%€42,097below the sector's middle half▲ 46.2%€55,953below the sector's middle half▲ 32.9%€63,856below the sector's middle half▲ 14.1%
Total assets€40,290-€63,771below the sector's middle half▲ 58.3%€48,017below the sector's middle half▼ 24.7%€39,328below the sector's middle half▼ 18.1%€68,881below the sector's middle half▲ 75.1%€78,645below the sector's middle half▲ 14.2%€87,730below the sector's middle half▲ 11.6%
Debt€20,842-€34,848▲ 67.2%€29,031▼ 16.7%€10,531▼ 63.7%€26,785▲ 154%€22,691▼ 15.3%€23,874▲ 5.2%
Working capital€9,813-€19,624within the sector's middle half▲ 100.0%€12,548within the sector's middle half▼ 36.1%€21,196within the sector's middle half▲ 68.9%€32,822within the sector's middle half▲ 54.8%€12,315within the sector's middle half▼ 62.5%€32,091within the sector's middle half▲ 161%
Solvency48.3%-45.4%within the sector's middle half▼ 2.9pp39.5%within the sector's middle half▼ 5.8pp73.2%within the sector's middle half▲ 33.7pp61.1%within the sector's middle half▼ 12.1pp71.1%within the sector's middle half▲ 10.0pp72.8%within the sector's middle half▲ 1.6pp
Current ratio1.52-1.60within the sector's middle half▲ 0.081.50within the sector's middle half▼ 0.103.48above the sector's middle half▲ 1.982.36within the sector's middle half▼ 1.121.64within the sector's middle half▼ 0.722.58within the sector's middle half▲ 0.93
Return on assets (ROA)29.8%-14.9%within the sector's middle half▼ 14.9pp-20.7%below the sector's middle half▼ 35.6pp28.8%above the sector's middle half▲ 49.5pp19.3%above the sector's middle half▼ 9.5pp17.6%above the sector's middle half▼ 1.7pp9.0%within the sector's middle half▼ 8.6pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87,730
Fixed assets
€35,265 ▼ 25.2%
Current assets
€52,464 ▲ 66.5%
Equity and liabilities €87,730
Equity
€63,856 ▲ 14.1%
Debt
€23,874 ▲ 5.2%
Debt's share of the balance-sheet total falls from 28.9% to 27.2%. Equity and debt are higher.
Key figures and ratios
ROE
12.4%▼
2024 · 24.8%
Debt ≤ 1 year
€20,374▲
2024 · €19,191
Income taxes
€3,411▼
2024 · €5,585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,329 | €963 | €862 | €837 | €537 | €2,746 | €11,873 | ▲ 332% |
| Other operating charges640/8 | - | - | - | €469 | €413 | €637 | €730 | ▲ 14.7% |
| Gross operating margin9900 | €18,991 | €15,105 | -€8,419 | €14,088 | €19,895 | €23,414 | €24,117 | ▲ 3.0% |
| Operating profit (loss)9901 | €16,851 | €13,766 | -€9,626 | €12,782 | €18,946 | €20,031 | €11,514 | ▼ 42.5% |
| Financial income75/76B | - | - | - | €28 | €0 | - | €0 | - |
| Recurring financial income75 | - | €0 | - | €28 | €0 | - | €0 | - |
| Financial charges65/66B | - | - | - | €198 | €161 | €590 | €200 | ▼ 66.0% |
| Recurring financial charges65 | €143 | €194 | €149 | €198 | €161 | €590 | €200 | ▼ 66.0% |
| Profit (loss) for the period before taxes9903 | €16,708 | €13,573 | -€9,775 | €12,612 | €18,784 | €19,441 | €11,314 | ▼ 41.8% |
| Income taxes67/77 | €4,699 | €4,097 | €163 | €1,301 | €5,484 | €5,585 | €3,411 | ▼ 38.9% |
| Profit (loss) for the period9904 | €12,008 | €9,476 | -€9,938 | €11,311 | €13,300 | €13,856 | €7,903 | ▼ 43.0% |
| Profit (loss) for the period to be appropriated9905 | €12,008 | €9,476 | -€9,938 | €11,311 | €13,300 | €13,856 | €7,903 | ▼ 43.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €40,290 | €63,771 | €48,017 | €39,328 | €68,881 | €78,645 | €87,730 | ▲ 11.6% |
| Fixed assets21/28 | €11,634 | €11,300 | €10,438 | €9,601 | €11,956 | €47,138 | €35,265 | ▼ 25.2% |
| Tangible fixed assets22/27 | €2,134 | €1,800 | €938 | €101 | €2,456 | €37,638 | €25,765 | ▼ 31.5% |
| Furniture and vehicles24 | - | - | - | €101 | €2,456 | €37,638 | €25,765 | ▼ 31.5% |
| Financial fixed assets28 | €9,500 | €9,500 | €9,500 | €9,500 | €9,500 | €9,500 | €9,500 | = |
| Current assets29/58 | €28,655 | €52,472 | €37,579 | €29,728 | €56,925 | €31,506 | €52,464 | ▲ 66.5% |
| Amounts receivable within one year40/41 | €6,044 | €33,364 | €17,523 | €12,317 | €24,513 | €22,453 | €40,771 | ▲ 81.6% |
| Trade receivables40 | - | - | - | €8,680 | €15,680 | €19,135 | €37,446 | ▲ 95.7% |
| Other amounts receivable41 | - | - | - | €3,637 | €8,833 | €3,318 | €3,325 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €22,317 | €5,894 | €8,794 | €9,350 | €28,390 | €8,605 | €9,591 | ▲ 11.5% |
| Deferred charges and accrued income490/1 | - | - | - | €8,061 | €4,022 | €449 | €2,102 | ▲ 368% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €40,290 | €63,771 | €48,017 | €39,328 | €68,881 | €78,645 | €87,730 | ▲ 11.6% |
| Equity10/15 | €19,448 | €28,924 | €18,986 | €28,797 | €42,097 | €55,953 | €63,856 | ▲ 14.1% |
| Contributions10/11 | €12,500 | - | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €6,860 | €16,260 | €16,260 | €16,260 | €29,560 | €43,410 | €51,310 | ▲ 18.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €14,400 | €27,700 | €41,550 | €51,310 | ▲ 23.5% |
| Profit (loss) carried forward14 | €88 | €164 | -€9,774 | €37 | €37 | €43 | €46 | ▲ 6.9% |
| Amounts payable17/49 | €20,842 | €34,848 | €29,031 | €10,531 | €26,785 | €22,691 | €23,874 | ▲ 5.2% |
| Amounts payable within one year42/48 | €18,842 | €32,848 | €25,031 | €8,531 | €24,103 | €19,191 | €20,374 | ▲ 6.2% |
| Trade debts44 | €889 | €25,665 | €20,791 | €1,210 | €7,255 | €3,981 | €1,158 | ▼ 70.9% |
| Suppliers440/4 | - | - | - | €1,210 | €7,255 | €3,981 | €1,158 | ▼ 70.9% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €3,847 | €15,608 | €14,750 | €15,902 | ▲ 7.8% |
| Taxes450/3 | - | - | - | €3,847 | €15,608 | €14,750 | €15,902 | ▲ 7.8% |
| Other amounts payable47/48 | - | - | - | €3,474 | €1,240 | €461 | €3,314 | ▲ 619% |
| Accrued charges and deferred income492/3 | - | - | - | €2,000 | €2,681 | €3,500 | €3,500 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,008 | €9,476 | -€9,938 | €11,311 | €13,300 | €13,856 | €7,903 | ▼ 43.0% |
| + Depreciation and write-downs630 | €1,329 | €963 | €862 | €837 | €537 | €2,746 | €11,873 | ▲ 332% |
| Operating cash flow (approximation) | €13,337 | €10,439 | -€9,076 | €12,148 | €13,837 | €16,602 | €19,776 | ▲ 19.1% |
| Investment in fixed assets (approximation) | - | -€629 | €0 | €0 | -€2,893 | -€37,928 | €0 | - |
| Change in cash | - | -€16,423 | €2,900 | €556 | €19,040 | -€19,785 | €986 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 04-12-2025 | 2025-00575744 |
| 30-06-2024 | abbreviated format | 19-12-2024 | 2024-00620126 |
| 30-06-2023 | abbreviated format | 26-12-2023 | 2023-00536830 |
| 30-06-2022 | abbreviated format | 02-01-2023 | 2023-20555084 |
| 30-06-2021 | abbreviated format | 20-12-2021 | 2021-80600516 |
| 30-06-2020 | micro format | 23-12-2020 | 2020-76700205 |
| 30-06-2019 | abbreviated format | 09-12-2019 | 2019-75500323 |
| 30-06-2018 | abbreviated format | 27-10-2018 | 2018-70300273 |
| 30-06-2017 | abbreviated format | 06-12-2017 | 2017-71100228 |
| 30-06-2016 | abbreviated format | 16-12-2016 | 2016-70000119 |
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Of the 24,457 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,067. 11,321 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.