Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of IMPULSE is 0.5% (low). The 2024 annual accounts show equity of €11.02M and a net result of €-826k. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 6697 sector peers (fiscal year 2024). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Signals
2 signals · with evidencePersistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 91% of 6697 peers (2024). A comfortable equity buffer.
View the sector comparison Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsLong-established
Founded in 1989, 36 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Low
0%0,5%1,5%4%10%≥25%
Long track record
−Higher-failure-rate sector
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-826k-466.9%
Working capital€4.24M-13.9%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 31-07-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~32.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 76.1% | 20.4% | |
| Net result | €-826k | €4k | |
| Equity | €11.02M | €16k | |
| Gross operating margin | €9k | €24k | |
| Total assets | €14.49M | €94k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P91
Stable position over 2020-2024
· n=1365-6697
P5
Weakening position over 2020-2024
· n=1361-6677
P95
Stable position over 2020-2024
· n=1367-6711
P35
Weakening position over 2020-2024
· n=1356-6656
Describes the position versus peers, not a forecast.
€-7k
+72.3%
far below sector median
€-826k
-466.9%
far below sector median
€-652k
-
far below sector median
€14.49M
-3.7%
+26% vs sector
€11.02M
-7.0%
+95% vs sector
€4.24M
-13.9%
+3% vs sector
0
0.0%
-100% vs sector
€9k
-
-100% vs sector
€10k
+874.7%
+149% vs sector
€3.47M
+8.5%
-52% vs sector
€3.47M
+8.5%
-51% vs sector
€645
-
-100% vs sector
2.22
-12.5%
+23% vs sector
2.22
-12.5%
+82% vs sector
76.1%
-3.4%
+61% vs sector
0.31
+16.6%
-72% vs sector
-7.5%
-509.4%
far below sector median
-5.7%
-488.6%
far below sector median
-0.02
+81.5%
far below sector median
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-7k |
| Net profit | €-826k |
| Cash flow | €-652k |
| Staff costs | - |
| Income taxes | €10k |
| Dividends | - |
| Total assets | €14.49M |
| Equity | €11.02M |
| Debt | €3.47M |
| of which ≤ 1y | €3.47M |
| of which > 1y | - |
| Working capital | €4.24M |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 2.22 |
| Quick ratio | 2.22 |
| Working capital ratio | 29.3% |
| Solvency | 76.1% |
| Debt / equity | 0.31 |
| Long-term debt ratio | - |
| Interest coverage | -0.02 |
| Gross margin | - |
| Net margin | - |
| ROA | -5.7% |
| ROE | -7.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €14.49M |
| Fixed assets | 21/28 | €6.78M |
| Tangible fixed assets | 22/27 | €2.96M |
| Financial fixed assets | 28 | €3.83M |
| Current assets | 29/58 | €7.71M |
| Amounts receivable within one year | 40/41 | €108k |
| Cash & bank | 54/58 | €735k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €14.49M |
| Equity | 10/15 | €11.02M |
| Contributions / capital | 10/11 | €118k |
| Reserves | 13 | €10.84M |
| Accumulated profits (losses) | 14 | €68k |
| Amounts payable | 17/49 | €3.47M |
| Amounts payable within one year | 42/48 | €3.47M |
| Trade debts payable within one year | 44 | €43k |
| Income statement | ||
| Gross operating margin | 9900 | €9k |
| Operating result | 9901 | €-181k |
| Financial income | 75 | €263k |
| Financial charges | 65 | €295k |
| Result before taxes | 9903 | €-816k |
| Income taxes | 67/77 | €10k |
| Net result for the period | 9904 | €-826k |
| Result to be appropriated | 9905 | €-826k |
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed52
/ 100
Fair
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Connections & network
1 connected companyGroup structure
Subsidiary · 1 location
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Establishment units
1 locationMaquisstraat 35, 9600 Ronse
since 19892.044.927.571
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,356 m²
Buildings1
Building footprint202 m²
Volume (LiDAR)976 m³
Tallest building8.4 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422C1808/00H000 | Flanders | 1,356 m² | 1 · 201 m² | 8.4 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 4 months ago
2026
30-03-2026 Act object · Notarial deed · General meeting · Statute amendment
- Act object: MODIFICATION DES STATUTS - POUVOIRS · SweetCo
- Publication: 30/03/2026 · SweetCo
- Notarial deed: 5 mars 2026 · SweetCo
- General meeting: 5 mars 2026 · SweetCo
- Statute amendment: Modification de la composition de l'organe d'administration et suppression des catégories d'Administrateurs · SweetCo
- Statute amendment: Modification de la représentation de la société · SweetCo
- General meeting: 1er septembre 2025 · SweetCo
- Officer appointment: role: administrateur, term: 3 ans, start_date: 1er septembre 2025 · CARECOM
- Permanent representative · FILIPPINI Jean
- Officer appointment: role: administrateur, term: 3 ans, start_date: 1er septembre 2025 · LAKELANE
- Permanent representative · DE VEILDER Sabine
- Officer resignation: date: 1er septembre 2025, role: administrateur · ISRAELSEN Soren
- Officer resignation: date: 1er septembre 2025, role: administrateur · Zymaco
- Permanent representative · DRYON Edouard
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · Dryseco
- Permanent representative · DRYON
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · JEE-M-JEE
- Permanent representative · BAUWENS Stijn
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · Impulse
- Permanent representative · VERSCHELDEN Mathieu
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · JORIS BRAMS
- Permanent representative · BRAMS Joris
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · ESKILDSEN KENNETH SKOV
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · CARECOM
- Officer reappointment: role: administrateur, term: 3 ans, start_date: 2026-03-05 · LAKELANE
- Power of attorney: déposer la coordination des statuts au Greffe du Tribunal de l'Entreprise et déposer une copie du présent acte au greffe du tribunal l'Entreprise pour publication dans les Annexes du Moniteur Belge · Sophie MAQUET
Summary:
Act object · Notarial deed · General meeting · Statute amendment
Analysis
Snowflake analysis
financial profile on 5 axes61
/ 100
Strong profile, led by solvency.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
100
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Company registry (CBE)
Crossroads BankActivities
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Primary activity highlighted.
Names & trade names
| Legal nameNL | IMPULSE |
Registered office
Maquisstraat 35
9600 Ronse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.