I V A
ActiveI V A has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 18941 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+37
Solvency59▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 0.99 in 2023; short-term debt: 62.3% and cash: 26.1% of total assets), and 66.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.8%
Return on assets
46.5%
Age of the figures
20 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €17k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
27 d late
2022
28 d late
2021
200 d late
2020
30 d late
2019
220 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€17k▲ 189%
2023 · €6k
2018: €-6k
2019: €-24k
2020: €-12k
2021: €3k
2022: €5k
2023: €6k
2018 → 2024
Total assets
€51k▲ 61.7%
2023 · €32k
2018: €30k
2019: €28k
2020: €30k
2021: €44k
2022: €25k
2023: €32k
2018 → 2024
Net result
€24k▲ 2,662%
2023 · €863
2018: €-20k
2019: €-18k
2020: €12k
2021: €15k
2022: €2k
2023: €863
2018 → 2024
Working capital
€6k
2023 · €-323
2018: €-16k
2019: €-34k
2020: €-20k
2021: €-4k
2022: €-1k
2023: €-323
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-12k-€3k€5k▲ 72.5%€6k▲ 16.8%€17k▲ 189%
Operating result€14k-€15k▲ 8.1%€5k▼ 67.3%€2k▼ 69.3%€29k▲ 1,786%
Net result€12k-€15k▲ 24.5%€2k▼ 85.7%€863▼ 60.0%€24k▲ 2,662%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,786% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €51k
Fixed assets
€13k▲ 107%
Current assets
€38k▲ 50.4%
Equity and liabilities €51k
Equity
€17k▲ 189%
Debt
€34k▲ 32.0%
The debt ratio falls from 81.1% to 66.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32k▲
2023 · €4k
Cash flow
€27k▲
2023 · €3k
Solvency
33.8%▲
2023 · 18.9%
Current ratio
1.20▲
2023 · 0.99
Quick ratio
0.94▲
2023 · 0.61
Debt / equity
1.96▼
2023 · 4.28
ROE
137.5%▲
2023 · 14.4%
ROA
46.5%▲
2023 · 2.7%
Interest coverage
14.90▲
2023 · 4.85
Debt
€34k▲
2023 · €26k
Debt ≤ 1 year
€32k▲
2023 · €26k
Debt > 1 year
€2k
Income taxes
€3k
Staff costs
€15k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€32k€51k▲
Fixed assets21/28€6k€13k▲
Tangible fixed assets22/27€4k€11k▲
Land and buildings22-€6k
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€431€286▼
Leasing and similar rights25-€3k
Financial fixed assets28€2k€2k=
Current assets29/58€25k€38k▲
Stocks and contracts in progress3€10k€8k▼
Stocks30/36€10k€8k▼
Amounts receivable within one year40/41€8k€17k▲
Trade receivables40€8k€14k▲
Other amounts receivable41-€2k
Cash at bank and in hand54/58€7k€13k▲
Equity and liabilities
Total equity and liabilities10/49€32k€51k▲
Equity10/15€6k€17k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-14k€-3k▲
Amounts payable17/49€26k€34k▲
Amounts payable after more than one year17-€2k
Financial debts170/4-€2k
Amounts payable within one year42/48€26k€32k▲
Current portion of amounts payable after more than one year42-€989
Trade debts44€13k€20k▲
Suppliers440/4€13k€20k▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€3k€5k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9€808€1k▲
Other amounts payable47/48€9k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€8k€15k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€3k€873▼
Gross operating margin9900€15k€48k▲
Operating profit (loss)9901€2k€29k▲
Financial income75/76B€200€199▼
Recurring financial income75€200€199▼
Financial charges65/66B€854€2k▲
Recurring financial charges65€854€2k▲
Profit (loss) for the period before taxes9903€863€27k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€863€24k▲
Profit (loss) for the period to be appropriated9905€863€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€9k▲
Profit (loss) brought forward from the previous period14P€-15k€-14k▲
Profit to be distributed694/7-€13k
Directors or managers695-€13k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €24k ▲2662%
Operating result €29k, net result €24k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 200 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 220 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
13-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 44 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heist-op-den-Berg · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergstraat 362220 Heist-op-den-BergGround area
210 m²
Building footprint
388 m²
Volume, LiDAR
2,734 m³
Parcel 12014A0793/00N000, Flanders · tallest building 12.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
THE BLACK HORSE
since 20032.136.589.603
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014A0793/00N000 | Flanders | 210 m² | 1 · 388 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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MUSSCHOOT-STRUBBE
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EETHUYS TIERLANTIJN
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,453. 8,495 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2002
Fiscal year end31-12
Activities, NACEBEL
55302
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.