NORMAL SITUATION

IMPROVE

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
-25 k €
-169.0% YoY
Gross margin
31,6 k €
-65.3% YoY
Equity
764,5 k €
-3.2% YoY
Workforce
0,0 ETP

Company — Normal situation.

Strike-off: 18 août 2026

What does IMPROVE do?

IMPROVE is a Private company with limited liability incorporated in 2002.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.871.092
Incorporation
01/07/2002
Legal form
Private company with limited liability
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Solid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120182017201620152014201320122010200920082007
Income statement
Gross margin31,6 k €91 k €-19,1 k €37,4 k €92,4 k €62,3 k €120,1 k €143,2 k €252,6 k €39,8 k €43,7 k €46,9 k €-39,1 k €12 k €10,9 k €53,7 k €
EBITDA19,9 k €82,7 k €-23,5 k €33,6 k €78,8 k €57,4 k €113,3 k €131,3 k €250,7 k €38,6 k €42,2 k €43,3 k €-40,9 k €10,3 k €9,2 k €45,8 k €
Operating result-19,8 k €41,5 k €-55,5 k €144 €42,3 k €4,8 k €60,8 k €73,8 k €216,9 k €27,8 k €25,1 k €35,8 k €-46,3 k €5 k €3,1 k €26,2 k €
Net result-25 k €36,3 k €-66 k €-3,3 k €-15,8 k €-4,2 k €31,1 k €213,5 k €393,5 k €68,5 k €11,8 k €16 k €-9,9 k €-2,8 k €-3,3 k €16,9 k €
Balance sheet
Equity764,5 k €789,6 k €753,3 k €819,3 k €822,6 k €782,3 k €786,5 k €757,1 k €555,6 k €162,1 k €93,6 k €81,8 k €65,8 k €75,8 k €78,6 k €81,9 k €
Total assets1,3 M €1,2 M €1,2 M €1,1 M €989,2 k €1,6 M €1,9 M €2,1 M €1,2 M €416 k €391,6 k €393,8 k €274,6 k €327 k €338,8 k €145,4 k €
Cash19,3 k €19,2 k €104,7 k €79,2 k €3,2 k €67,1 k €121,4 k €451,9 k €3,3 k €22,5 k €11,8 k €17,7 k €5,6 k €53,3 k €357,1 €2,9 k €
Debts554,4 k €393,3 k €378,9 k €197,2 k €129,6 k €813,3 k €1,1 M €1,3 M €625,3 k €218,9 k €265,5 k €279,5 k €176,3 k €218,7 k €227,8 k €31 k €
Other
Workforce0,0 ETP0,0 ETP–0,0 ETP––––––––––––
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

Theo Helven

Director · since 29 juin 2016

Active

Ended mandates

Sander HELVEN

Manager · since 01 janvier 2018

Ended
SANDER HELVEN

Director · since 01 janvier 2018

Ended
Theo HELVEN

Manager · since 29 juin 2016

Ended
I-REAL EUROPE

Manager · since 23 juin 2011 · 0864.713.428

Represented by Theo HELVEN

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/03/202626/06/202503/07/202404/08/202330/06/202230/07/2021
General meeting30/03/202619/06/202520/06/202430/06/202329/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/03/202631/03/2026DutchPDF
Abridged model31/12/202419/06/202526/06/2025DutchPDF
Abridged model31/12/202320/06/202403/07/2024DutchPDF
Abridged model31/12/202230/06/202304/08/2023DutchPDF
Abridged model31/12/202129/06/202230/06/2022DutchPDF
Abridged model31/12/202030/06/202130/07/2021DutchPDF
Abridged model31/12/201930/06/202027/07/2020DutchPDF
Abridged model31/12/201820/06/201920/08/2019DutchPDF
Abridged model31/12/201721/06/201809/08/2018DutchPDF
Abridged model31/12/201615/06/201719/07/2017DutchPDF
Abridged model31/12/201530/03/201626/04/2016DutchPDF
Abridged model31/03/201418/09/201417/11/2014DutchPDF
Abridged model31/03/201319/09/201308/10/2013DutchPDF
Abridged model31/03/201220/09/201229/11/2012DutchPDF
Abridged model30/06/201016/12/201007/01/2011DutchPDF
Abridged model30/06/200917/12/200914/01/2010DutchPDF
Abridged model30/06/200818/12/200819/12/2008DutchPDF
Abridged model30/06/200720/12/200709/01/2008DutchPDF
Estimate

Indicative valuation

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 31/12/2025 · 1 active · 11 ended

Active mandates

Theo Helven

Director · since 29 juin 2016

Active

Ended mandates

Sander HELVEN

Manager · since 01 janvier 2018

Ended
SANDER HELVEN

Director · since 01 janvier 2018

Ended
Theo HELVEN

Manager · since 29 juin 2016

Ended
I-REAL EUROPE

Manager · since 23 juin 2011 · 0864.713.428

Represented by Theo HELVEN

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring26/08/2026
    MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING
    PDF
  • Restructuring11/05/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office05/01/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates18/02/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/02/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring13/07/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring09/05/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other15/01/2015
    BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025-25 k €↓
  2. 2024
    Annual accounts 202436,3 k €↑
  3. 2023
    Annual accounts 2023-66 k €↓
  4. 2022
    Annual accounts 2022-3,3 k €↑
  5. 2021
    Annual accounts 2021-15,8 k €↓
  6. 2018
    Annual accounts 2018-4,2 k €↓
  7. 2017
    Annual accounts 201731,1 k €↓
  8. 2016
    Annual accounts 2016213,5 k €↓
  9. 2015
    Annual accounts 2015393,5 k €↑
  10. 2014
    Annual accounts 201468,5 k €↑
  11. 2013
    Annual accounts 201311,8 k €↓
  12. 2012
    Annual accounts 201216 k €↑
  13. 2010
    Annual accounts 2010-9,9 k €↓
  14. 2009
    Annual accounts 2009-2,8 k €↑
  15. 2008
    Annual accounts 2008-3,3 k €↓
  16. 2007
    Annual accounts 200716,9 k €
  17. 01/07/2002
    IncorporationPrivate company with limited liability