I-ILLUSIONS
ActiveSummary
I-ILLUSIONS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of €61,085. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €410,000 at 30 days acceptable
Liquidity ample (current ratio 17.06 against 53.62 in 2024; short-term debt: 3.4% and cash: 13.8% of total assets), and 3.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96.6%
Return on assets
1.2%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
24 d late
2023
4 d early
2022
30 d late
2021
4 d early
2020
9 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 company by total assets in Geraardsbergen, Telecoms and IT sector#1 company by equity in Geraardsbergen, Telecoms and IT sector
Equity
€4.9m▲ 1.3%
2024 · €4.8m
Total assets
€5.1m▲ 3.7%
2024 · €4.9m
Net result
€61,085▲ 205%
2024 · €20,044
Working capital
€2.8m▲ 0.3%
2024 · €2.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€846,153▼ 35.9%€271,528▼ 67.9%€1.2m▲ 344%-€14,717€150,350
Net result€695,614above the sector's middle half▼ 38.4%€310,045above the sector's middle half▼ 55.4%€1.4mabove the sector's middle half▲ 367%€20,044within the sector's middle half▼ 98.6%€61,085within the sector's middle half▲ 205%
Equity€3.4mabove the sector's middle half▲ 26.0%€3.4mabove the sector's middle half▲ 0.3%€4.8mabove the sector's middle half▲ 42.9%€4.8mabove the sector's middle half▲ 0.4%€4.9mabove the sector's middle half▲ 1.3%
Total assets€3.5mabove the sector's middle half▲ 18.9%€3.8mabove the sector's middle half▲ 8.6%€5.0mabove the sector's middle half▲ 34.3%€4.9mabove the sector's middle half▼ 2.9%€5.1mabove the sector's middle half▲ 3.7%
Debt€90,769▼ 61.5%€379,223▲ 318%€217,351▼ 42.7%€52,339▼ 75.9%€172,058▲ 229%
Working capital€2.4m▲ 38.7%€2.3m▼ 2.2%€2.9m▲ 26.0%€2.8m▼ 5.2%€2.8m▲ 0.3%
Solvency97.4%above the sector's middle half▲ 5.5pp89.9%above the sector's middle half▼ 7.5pp95.7%above the sector's middle half▲ 5.8pp98.9%above the sector's middle half▲ 3.2pp96.6%above the sector's middle half▼ 2.3pp
Staff (FTE)3.4within the sector's middle half▲ 47.8%2.7within the sector's middle half▼ 20.6%2.7within the sector's middle half=3.4within the sector's middle half▲ 25.9%3.1within the sector's middle half▼ 8.8%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €150,350 after a loss of €14,717 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€2.1m ▲ 2.5%
Current assets
€2.9m ▲ 4.6%
Equity and liabilities €5.1m
Equity
€4.9m ▲ 1.3%
Debt
€172,058 ▲ 229%
Debt's share of the balance-sheet total rises from 1.1% to 3.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€280,870▲
2024 · €111,413
Cash flow
€191,605▲
2024 · €146,174
Current ratio
17.06▼
2024 · 53.62
Debt to equity
0.04▲
2024 · 0.01
ROE
1.2%▲
2024 · 0.4%
ROA
1.2%▲
2024 · 0.4%
Interest coverage
185.42▲
2024 · 6.21
Debt ≤ 1 year
€172,058▲
2024 · €52,339
Income taxes
€132,221▲
2024 · -€7,106
Staff costs
€219,810▲
2024 · €219,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €26,948 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €165,733 | €152,367 | €175,085 | €219,000 | €219,810 | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €97,662 | €95,459 | €113,455 | €126,130 | €130,520 | ▲ 3.5% |
| Other operating charges640/8 | €4,155 | €6,914 | €5,989 | €6,266 | €9,262 | ▲ 47.8% |
| Gross operating margin9900 | €1.1m | €526,269 | €1.5m | €336,679 | €509,941 | ▲ 51.5% |
| Operating profit (loss)9901 | €846,153 | €271,528 | €1.2m | -€14,717 | €150,350 | ▲ 1,122% |
| Financial income75/76B | €18,982 | €121,726 | €464,404 | €45,607 | €44,471 | ▼ 2.5% |
| Recurring financial income75 | €18,982 | €121,726 | €464,404 | €45,607 | €44,471 | ▼ 2.5% |
| Financial charges65/66B | €78,622 | €5,328 | €59,751 | €17,952 | €1,515 | ▼ 91.6% |
| Recurring financial charges65 | €78,622 | €5,328 | €59,751 | €17,952 | €1,515 | ▼ 91.6% |
| Profit (loss) for the period before taxes9903 | €786,513 | €387,926 | €1.6m | €12,938 | €193,306 | ▲ 1,394% |
| Income taxes67/77 | €90,899 | €77,881 | €162,470 | -€7,106 | €132,221 | ▲ 1,961% |
| Profit (loss) for the period9904 | €695,614 | €310,045 | €1.4m | €20,044 | €61,085 | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €695,614 | €310,045 | €1.4m | €20,044 | €61,085 | ▲ 205% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.8m | €5.0m | €4.9m | €5.1m | ▲ 3.7% |
| Fixed assets21/28 | €1.0m | €1.1m | €1.9m | €2.1m | €2.1m | ▲ 2.5% |
| Intangible fixed assets21 | €23,570 | €152,234 | €49,617 | €35,989 | €63,753 | ▲ 77.1% |
| Tangible fixed assets22/27 | €979,507 | €913,807 | €1.2m | €1.4m | €1.4m | ▲ 1.8% |
| Land and buildings22 | €804,191 | €771,655 | €1.0m | €1.2m | €1.2m | ▲ 1.6% |
| Plant, machinery and equipment23 | €29,345 | €35,974 | €41,949 | €39,046 | €84,314 | ▲ 116% |
| Furniture and vehicles24 | €145,971 | €106,178 | €132,131 | €103,043 | €63,499 | ▼ 38.4% |
| Assets under construction and advance payments27 | - | - | €30,001 | €30,001 | €30,001 | = |
| Financial fixed assets28 | €5,000 | €5,000 | €666,250 | €666,250 | €666,250 | = |
| Current assets29/58 | €2.4m | €2.7m | €3.1m | €2.8m | €2.9m | ▲ 4.6% |
| Amounts receivable after more than one year29 | €140,000 | €795,000 | €795,000 | €795,000 | €795,000 | = |
| Other amounts receivable291 | €140,000 | €795,000 | €795,000 | €795,000 | €795,000 | = |
| Amounts receivable within one year40/41 | €826,886 | €126,874 | €1.3m | €1.1m | €1.3m | ▲ 19.6% |
| Trade receivables40 | €374,136 | €80,205 | €388,157 | €303,303 | €502,605 | ▲ 65.7% |
| Other amounts receivable41 | €452,749 | €46,669 | €875,206 | €807,909 | €825,970 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €1.5m | €1.8m | €1.0m | €702,644 | €699,617 | ▼ 0.4% |
| Deferred charges and accrued income490/1 | €1,411 | €11,042 | €26,434 | €197,580 | €111,596 | ▼ 43.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.8m | €5.0m | €4.9m | €5.1m | ▲ 3.7% |
| Equity10/15 | €3.4m | €3.4m | €4.8m | €4.8m | €4.9m | ▲ 1.3% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2.4m | €2.4m | €3.9m | €3.9m | €3.9m | ▲ 1.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €2.4m | €2.4m | €3.9m | €3.9m | €3.9m | ▲ 1.6% |
| Profit (loss) carried forward14 | €912,954 | €943,000 | €946,577 | €966,621 | €967,706 | ▲ 0.1% |
| Amounts payable17/49 | €90,769 | €379,223 | €217,351 | €52,339 | €172,058 | ▲ 229% |
| Amounts payable within one year42/48 | €90,769 | €379,223 | €217,351 | €52,339 | €172,058 | ▲ 229% |
| Trade debts44 | €8,418 | €289 | €23,340 | €759 | €6,775 | ▲ 792% |
| Suppliers440/4 | €8,418 | €289 | €23,340 | €759 | €6,775 | ▲ 792% |
| Taxes, remuneration and social security45 | €61,583 | €59,250 | €168,730 | €31,661 | €32,673 | ▲ 3.2% |
| Taxes450/3 | €43,997 | €36,341 | €145,782 | €5,282 | €11,434 | ▲ 116% |
| Remuneration and social security454/9 | €17,586 | €22,909 | €22,948 | €26,380 | €21,239 | ▼ 19.5% |
| Other amounts payable47/48 | €20,769 | €319,684 | €25,282 | €19,918 | €132,611 | ▲ 566% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €695,614 | €310,045 | €1.4m | €20,044 | €61,085 | ▲ 205% |
| + Depreciation and write-downs630 | €97,662 | €95,459 | €113,455 | €126,130 | €130,520 | ▲ 3.5% |
| Operating cash flow (approximation) | €793,276 | €405,505 | €1.6m | €146,174 | €191,605 | ▲ 31.1% |
| Investment in fixed assets (approximation) | - | -€158,424 | -€962,532 | -€297,796 | -€182,973 | ▲ 38.6% |
| Change in cash | - | €270,915 | -€714,252 | -€335,628 | -€3,028 | ▲ 99.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
20-03
State Gazette act
RestructuringMerger · Accounting effect · Capital4 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Capital4 facts ▸
- Merger
- Accounting effect, 01/01/2026
- Capital, €10.000
- Merger-proposal date, 27/02/2026
2025
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 24 days late
2024
31-12
Financial
Weakest financial yearnet €20,044 ▼98.6%
Net result drops to €20,044, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 53.62
Current ratio from 14.37 to 53.62; short-term debt falls from €217,351 to €52,339.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.4m ▲367%
Net result €1.4m, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 14.37
Current ratio from 7.08 to 14.37; short-term debt falls from €379,223 to €217,351.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity triplescurrent ratio 26.99
Current ratio from 8.21 to 26.99; short-term debt falls from €235,976 to €90,769.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
31-12
Financial
Liquidity triplescurrent ratio 8.21
Current ratio from 3.03 to 8.21; short-term debt falls from €290,839 to €235,976.
31-12
Financial
Equity above €2mEq €2.7m ▲73.1%
3 profitable years in a row build equity to €2.7m.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 91 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2011
Ground area
4,191 m²
Building footprint
701 m²
Volume, LiDAR
912 m³
2 parcels, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
I-Illusions
since 20112.199.161.432
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23023A0286/00H000 | Flanders | 3,345 m² | 1 · 174 m² | 8.1 m · 2 fl. |
| 41056B0251/00C006 | Flanders | 846 m² | 1 · 528 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, zowel in eigen naam en voor eigen rekening als in naam en voor rekening van derden, alleen of in…
Full purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, zowel in eigen naam en voor eigen rekening als in naam en voor rekening van derden, alleen of in samenwerking met derden, als vertegenwoordiger, tussenpersoon of commissionair : ... [full text of purpose as printed]
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:FOAMPUNCH
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 1,924 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-03-2011
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834828124
Also
9925:BE0834828124
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.