ACTIVE

IMPROFUND

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Financial year 2025 · closed on 30/11/2025

Net result

-85,5 k €

-4.1% YoY

Gross margin

16,1 k €

-17.8% YoY

Equity

979,9 k €

-8.0% YoY

What does IMPROFUND do?

IMPROFUND is a Public limited company incorporated in 1997. Its registered office is in Retie.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.470.876

Incorporation

14/04/1997

Legal form

Public limited company

Registered office

Provinciebaan 64 box A
2470 Retie · FlandreSee on map

Contributed capital

1 747 897,24 €

Latest accounts

30/11/2025

Signals

Solid equity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	16,1 k €	-17.8%	19,6 k €	+363%	-7,5 k €	-143%	17,5 k €	-43.7%	31 k €	+6348%	-496,7 €	-103%	14,2 k €	-90.5%	149,6 k €	+9.4%	136,8 k €	+0.6%	136 k €	-40.6%	228,8 k €	+20.1%	190,6 k €	+0.6%	189,4 k €	+4.1%	182 k €	+58.4%	114,9 k €	-12.1%	130,7 k €	+25.2%	104,4 k €	+14.8%	90,9 k €	-19.1%	112,3 k €	-3.1%	115,9 k €
EBITDA	-7,6 k €	-123%	-3,4 k €	+88.5%	-29,6 k €	-923%	-2,9 k €	-126%	11,3 k €	+156%	-20,1 k €	-391%	-4,1 k €	-103%	131,6 k €	+10.5%	119 k €	+0.3%	118,7 k €	-43.9%	211,6 k €	+22.0%	173,4 k €	+0.6%	172,5 k €	+29.2%	133,5 k €	+477%	23,1 k €	-76.9%	100,2 k €	-1.8%	102,1 k €	+16.2%	87,8 k €	-20.9%	111,1 k €	-2.4%	113,8 k €
Operating result	-82,1 k €	-5.4%	-77,9 k €	+25.2%	-104,1 k €	-27.0%	-81,9 k €	-12.2%	-73 k €	+30.1%	-104,4 k €	-18.1%	-88,4 k €	-286%	47,5 k €	+35.9%	34,9 k €	+1.1%	34,6 k €	-73.3%	129,5 k €	+42.2%	91 k €	+1.1%	90,1 k €	+61.8%	55,7 k €	+232%	-42 k €	-189%	47,3 k €	-14.0%	55,1 k €	+34.8%	40,8 k €	-35.1%	62,9 k €	-4.0%	65,6 k €
Net result	-85,5 k €	-4.1%	-82,1 k €	+23.9%	-107,9 k €	-28.0%	-84,3 k €	-11.9%	-75,3 k €	+29.4%	-106,8 k €	-17.2%	-91,1 k €	-304%	44,7 k €	+186%	-51,8 k €	-10.0%	-47,1 k €	-414%	15 k €	+147%	-32,1 k €	+2.3%	-32,9 k €	+11.7%	-37,3 k €	+69.9%	-123,7 k €	-451%	35,3 k €	-26.0%	47,6 k €	+82.9%	26,1 k €	-42.5%	45,3 k €	+7.5%	42,1 k €
Balance sheet
Equity	979,9 k €	-8.0%	1,1 M €	-7.2%	1,1 M €	-8.6%	1,3 M €	-6.3%	1,3 M €	-5.3%	1,4 M €	-7.0%	1,5 M €	-5.6%	1,6 M €	+2.9%	1,6 M €	-3.2%	1,6 M €	-2.8%	1,7 M €	+0.9%	1,7 M €	-1.9%	1,7 M €	-1.9%	1,7 M €	-2.1%	1,8 M €	-6.6%	1,9 M €	+1.9%	1,8 M €	+2.7%	1,8 M €	+1.5%	1,8 M €	+2.6%	1,7 M €
Total assets	1,6 M €	-4.3%	1,7 M €	-4.3%	1,8 M €	-4.4%	1,9 M €	-3.8%	1,9 M €	-4.1%	2 M €	-4.0%	2,1 M €	-4.1%	2,2 M €	-3.7%	2,3 M €	-15.6%	2,7 M €	+5.3%	2,6 M €	+0.7%	2,5 M €	-1.3%	2,6 M €	-0.8%	2,6 M €	-5.6%	2,7 M €	+14.1%	2,4 M €	+7.5%	2,2 M €	-0.3%	2,2 M €	-1.3%	2,3 M €	-0.5%	2,3 M €
Cash	102,4 €	+103%	50,3 €	-96.5%	1,4 k €	-74.6%	5,6 k €	+228%	1,7 k €	+217%	542 €	+174%	197,5 €	-96.9%	6,4 k €	+4.5%	6,1 k €	-3.9%	6,4 k €	-19.8%	7,9 k €	-55.8%	18 k €	-28.7%	25,2 k €	+148%	10,1 k €	-96.0%	254,2 k €	+2936%	8,4 k €	+32.9%	6,3 k €	+1304%	448,7 €	-93.7%	7,1 k €	-3.8%	7,4 k €
Debts	643,5 k €	+2.0%	630,6 k €	+1.0%	624,4 k €	+4.3%	598,5 k €	+1.8%	588 k €	-1.3%	595,8 k €	+3.9%	573,4 k €	+0.3%	571,7 k €	-18.4%	700,5 k €	-34.3%	1,1 M €	+20.8%	883,2 k €	+0.4%	880 k €	-0.1%	880,6 k €	+1.4%	868,3 k €	-11.7%	983,8 k €	+88.4%	522 k €	+33.7%	390,4 k €	-12.2%	444,9 k €	-11.2%	501,1 k €	-10.1%	557,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 16 ended

Active mandates

Natalia Mukha

Director · since 30 novembre 2023 · until 19 mai 2029

Active

Willy Joannes Van den Bergh

Director · since 30 novembre 2023 · until 19 mai 2029

Active

Ended mandates

Natalia Mikhailovna Mukha

Director · since 21 mai 2016 · until 21 mai 2022

Ended

Natalia Mukha

Director · since 21 mai 2016 · until 21 mai 2022

Ended

Willy Joannes Van den Bergh

Director · since 21 mai 2016 · until 21 mai 2022

Ended

Willy Van den Bergh

Managing director · since 21 mai 2016 · until 21 mai 2022

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/12/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/03/2026	11/06/2025	25/06/2024	20/06/2023	23/05/2022	10/06/2021
General meeting	06/02/2026	17/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/11/2025	06/02/2026	02/03/2026	Dutch	PDF
Abridged model	30/11/2024	17/05/2025	11/06/2025	Dutch	PDF
Abridged model	30/11/2023	18/05/2024	25/06/2024	Dutch	PDF
Abridged model	30/11/2022	20/05/2023	20/06/2023	Dutch	PDF
Abridged model	30/11/2021	21/05/2022	23/05/2022	Dutch	PDF
Abridged model	30/11/2020	15/05/2021	10/06/2021	Dutch	PDF
Abridged model	30/11/2019	16/05/2020	04/06/2020	Dutch	PDF
Abridged model	30/11/2018	18/05/2019	20/06/2019	Dutch	PDF
Abridged model	30/11/2017	19/05/2018	29/05/2018	Dutch	PDF
Abridged model	30/11/2016	20/05/2017	19/06/2017	Dutch	PDF
Abridged model	30/11/2015	21/05/2016	31/05/2016	Dutch	PDF
Abridged model	30/11/2014	16/05/2015	01/06/2015	Dutch	PDF
Abridged model	30/11/2013	17/05/2014	20/05/2014	Dutch	PDF
Abridged model	30/11/2012	18/05/2013	11/06/2013	Dutch	PDF
Abridged model	30/11/2011	19/05/2012	28/08/2012	Dutch	PDF
Abridged model	30/11/2010	21/05/2011	11/07/2011	Dutch	PDF
Abridged model	30/11/2009	15/05/2010	07/06/2010	Dutch	PDF
Abridged model	30/11/2008	16/05/2009	26/05/2009	Dutch	PDF
Abridged model	30/11/2007	17/05/2008	10/06/2008	Dutch	PDF
Abridged model	30/11/2006	19/05/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/11/2025 · 2 active · 16 ended

Active mandates

Natalia Mukha

Director · since 30 novembre 2023 · until 19 mai 2029

Active

Willy Joannes Van den Bergh

Director · since 30 novembre 2023 · until 19 mai 2029

Active

Ended mandates

Natalia Mikhailovna Mukha

Director · since 21 mai 2016 · until 21 mai 2022

Ended

Natalia Mukha

Director · since 21 mai 2016 · until 21 mai 2022

Ended

Willy Joannes Van den Bergh

Director · since 21 mai 2016 · until 21 mai 2022

Ended

Willy Van den Bergh

Managing director · since 21 mai 2016 · until 21 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2016
Herbenoeming Raad van bestuur
PDF
Registered office21/02/2013
Verplaatsing maatschappelijke zetel
PDF
Mandates19/12/2011
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office07/09/2011
Wijziging maatschappelijke zetel
PDF
Mandates09/06/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/04/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/02/2005
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-85,5 k €↓
2024
Annual accounts 2024-82,1 k €↑
2023
Annual accounts 2023-107,9 k €↓
2022
Annual accounts 2022-84,3 k €↓
2021
Annual accounts 2021-75,3 k €↑
2020
Annual accounts 2020-106,8 k €↓
2019
Annual accounts 2019-91,1 k €↓
2018
Annual accounts 201844,7 k €↑
2017
Annual accounts 2017-51,8 k €↓
2016
Annual accounts 2016-47,1 k €↓
2015
Annual accounts 201515 k €↑
2014
Annual accounts 2014-32,1 k €↑
2013
Annual accounts 2013-32,9 k €↑
2012
Annual accounts 2012-37,3 k €↑
2011
Annual accounts 2011-123,7 k €↓
2010
Annual accounts 201035,3 k €↓
2009
Annual accounts 200947,6 k €↑
2008
Annual accounts 200826,1 k €↓
2007
Annual accounts 200745,3 k €↑
2006
Annual accounts 200642,1 k €
14/04/1997
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

IMPROFUND

Overview

What does IMPROFUND do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline