Impy
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 49 filings
Every figure per financial year
The operating result for 2025 is 81% lower than in 2024 and the lowest since 2021.
- 2025 Net result -83% on 2024. The accounts now follow the full format, last year the abbreviated format.
The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €138,567 | - | €33,905 | €60,101 | €16,391 |
| Financial fixed assets | - | - | - | €400 | €1,100 |
| Depreciation and write-downs of the year | €25,075 | €21,896 | €20,193 | €20,990 | €22,906 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €32,317 | €91,175 | €29,687 | €31,312 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,845 | €37,859 | €22,389 | €25,075 | €21,896 | €20,193 | €20,990 | €22,906 | ▲ 9.1% |
| Other operating charges640/8 | - | - | - | €8,511 | €7,662 | €9,680 | €13,257 | €17,858 | ▲ 34.7% |
| Gross operating margin9900 | €274,769 | €151,374 | €216,541 | €338,127 | €654,784 | €187,907 | €295,011 | €90,127 | ▼ 69.4% |
| Operating profit (loss)9901 | €226,751 | €83,761 | €169,237 | €304,541 | €625,226 | €158,034 | €260,764 | €49,363 | ▼ 81.1% |
| Financial income75/76B | - | - | - | €3,283 | €7,589 | €17,887 | €25,592 | €31,746 | ▲ 24.0% |
| Recurring financial income75 | €5,955 | €4,799 | €6,307 | €3,283 | €7,589 | €17,887 | €25,592 | €31,746 | ▲ 24.0% |
| Financial charges65/66B | - | - | - | €16,220 | €36,231 | €15,380 | €26,090 | €36,501 | ▲ 39.9% |
| Recurring financial charges65 | €19,662 | €17,689 | €25,387 | €16,220 | €36,231 | €15,380 | €26,090 | €36,501 | ▲ 39.9% |
| Profit (loss) for the period before taxes9903 | €213,045 | €70,871 | €150,157 | €291,604 | €596,584 | €160,541 | €260,267 | €44,608 | ▼ 82.9% |
| Income taxes67/77 | €78,342 | €26,206 | €48,209 | €93,495 | €190,177 | €52,203 | €83,285 | €14,693 | ▼ 82.4% |
| Profit (loss) for the period9904 | €134,703 | €44,665 | €101,948 | €198,109 | €406,408 | €108,339 | €176,982 | €29,915 | ▼ 83.1% |
| Profit (loss) for the period to be appropriated9905 | €134,703 | €44,665 | €101,948 | €198,109 | €406,408 | €108,339 | €176,982 | €29,915 | ▼ 83.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.7m | €2.9m | €3.3m | €3.0m | €2.6m | €2.8m | €3.0m | €2.2m | ▼ 25.1% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.6m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 0.9% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.6m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.1% |
| Land and buildings22 | - | - | - | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | ▼ 1.1% |
| Financial fixed assets28 | €0.003m | €0.007m | €0.007m | €0.007m | €0.002m | €0.002m | €0.001m | €0.002m | ▲ 220% |
| Current assets29/58 | €2.0m | €2.2m | €2.7m | €2.4m | €2.1m | €2.2m | €2.4m | €1.7m | ▼ 31.0% |
| Stocks and contracts in progress3 | €0.03m | €0.4m | €0.5m | €0.8m | €0.4m | €0.8m | €0.9m | €0.4m | ▼ 59.9% |
| Stocks30/36 | - | - | - | - | €0.03m | €0.2m | €0.2m | €0.2m | ▼ 0.8% |
| Contracts in progress37 | - | - | - | €0.8m | €0.4m | €0.6m | €0.7m | €0.1m | ▼ 80.9% |
| Amounts receivable within one year40/41 | €0.8m | €0.8m | €0.8m | €0.02m | €0.06m | €0.01m | €0.01m | €0.03m | ▲ 137% |
| Trade receivables40 | - | - | - | €0.002m | €0.04m | €0.01m | €0.008m | €0.02m | ▲ 154% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.02m | €0.003m | €0.005m | €0.01m | ▲ 110% |
| Current investments50/53 | - | - | - | - | - | €1.0m | €1.1m | €1.0m | ▼ 9.1% |
| Cash at bank and in hand54/58 | €0.7m | €0.9m | €1.3m | €1.5m | €1.6m | €0.4m | €0.4m | €0.3m | ▼ 28.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.06m | €0.005m | €0.02m | €0.02m | €0.005m | ▼ 79.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.7m | €2.9m | €3.3m | €3.0m | €2.6m | €2.8m | €3.0m | €2.2m | ▼ 25.1% |
| Equity10/15 | €1.1m | €1.2m | €1.3m | €1.5m | €1.9m | €1.9m | €1.9m | €1.9m | ▼ 0.8% |
| Contributions10/11 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Capital10 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Issued capital100 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Reserves13 | €0.5m | €0.5m | €0.6m | €0.8m | €1.2m | €1.3m | €1.3m | €1.3m | ▼ 1.1% |
| Non-distributable reserves130/1 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Tax-exempt reserves132 | - | - | - | €248 | €248 | €248 | €248 | €248 | = |
| Distributable reserves133 | - | - | - | €0.8m | €1.2m | €1.2m | €1.3m | €1.2m | ▼ 1.2% |
| Profit (loss) carried forward14 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Amounts payable17/49 | €1.6m | €1.7m | €2.0m | €1.6m | €0.8m | €0.8m | €1.0m | €0.3m | ▼ 71.0% |
| Amounts payable within one year42/48 | €1.6m | €1.7m | €2.0m | €1.6m | €0.8m | €0.8m | €1.0m | €0.3m | ▼ 70.9% |
| Trade debts44 | €0.04m | €0.06m | €0.02m | €0.09m | €0.02m | €0.007m | €0.009m | €0.003m | ▼ 68.0% |
| Suppliers440/4 | - | - | - | €0.09m | €0.02m | €0.007m | €0.009m | €0.003m | ▼ 68.0% |
| Advances received on contracts in progress46 | - | - | - | €1.1m | €0.4m | €0.5m | €0.6m | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.02m | €0.04m | €0.02m | ▼ 56.3% |
| Taxes450/3 | - | - | - | €0.05m | €0.04m | €0.02m | €0.04m | €0.02m | ▼ 56.3% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.3m | €0.4m | €0.3m | ▼ 24.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.002m | €0.003m | €0.005m | €132 | ▼ 97.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.04m | €0.1m | €0.2m | €0.4m | €0.1m | €0.2m | €0.03m | ▼ 83.1% |
| + Depreciation and write-downs630 | €0.04m | €0.04m | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 9.1% |
| Operating cash flow (approximation) | €0.2m | €0.08m | €0.1m | €0.2m | €0.4m | €0.1m | €0.2m | €0.05m | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | -€0.003m | €0.07m | -€0.1m | €0.1m | -€0.03m | -€0.03m | -€0.02m | ▲ 41.9% |
| Change in cash | - | €0.2m | €0.3m | €0.2m | €0.1m | -€1.2m | -€0.08m | -€0.1m | ▼ 34.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as Impy has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Impy itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 14,766 companies, not a prediction for Impy. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00238135 | |
| 31-12-2024 | abbreviated format | 11-07-2025 | 2025-00268233 | |
| 31-12-2023 | abbreviated format | 05-07-2024 | 2024-00222677 | |
| 31-12-2022 | abbreviated format | 26-07-2023 | 2023-00280016 | |
| 31-12-2021 | abbreviated format | 29-07-2022 | 2022-20258940 | |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-42300420 | |
| 31-12-2019 | abbreviated format | 20-08-2020 | 2020-42700011 | |
| 31-12-2018 | micro format | 26-07-2019 | 2019-38400008 | |
| 31-12-2017 | micro format | 24-07-2018 | 2018-37300157 | |
| 31-12-2016 | micro format | 03-07-2017 | 2017-26800500 |