I.V.E. Projects
ActiveSummary
I.V.E. Projects has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€790) and a net result of -€24,791. Equity is shrinking by about 24% per year across the filed financial years. Its solvency ranks better than 14% of 9,636 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- -€790
- Loss
- -€24,791
- Largest shareholder
- FUTURE · 20%
- Evi Van der SmissenDirector
Why 53raises riskCapped at 59: negative equityNegative equity -€790Loss of €24,791, the second in a row (financial year 2025)lowers riskSize: total assets €424,516Sector: Office administrative, office support and other business support activities (NACE 82)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 13% on solvency, 4% on liquidity, 13% on profitability and 4% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€31,329
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €7,259 in 2025 against €18,905 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 2,333 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 90.6% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,333 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €1,038 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €253 | €1,250 | €1,402 | €1,332 | €7,319 | €1,252 | €268 | ▼ 78.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €580 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | €1,162 | €26,798 | €1,038 | €3,315 | €2,638 | ▼ 20.4% |
| Gross operating margin9900 | €26,236 | -€3,933 | -€1,841 | €18,308 | €49,986 | -€13,758 | -€4,352 | ▲ 68.4% |
| Operating profit (loss)9901 | €24,891 | -€5,690 | -€4,405 | -€9,821 | €41,629 | -€18,905 | -€7,259 | ▲ 61.6% |
| Financial income75/76B | - | - | - | €0 | - | €0 | €0 | ▲ 333% |
| Recurring financial income75 | - | - | - | €0 | - | €0 | €0 | ▲ 333% |
| Financial charges65/66B | - | - | €220 | €2,737 | €2,593 | €12,170 | €17,533 | ▲ 44.1% |
| Recurring financial charges65 | €3,123 | €143 | €220 | €2,737 | €2,593 | €12,170 | €17,533 | ▲ 44.1% |
| Profit (loss) for the period before taxes9903 | €21,768 | -€5,833 | -€4,625 | -€12,558 | €39,036 | -€31,075 | -€24,791 | ▲ 20.2% |
| Income taxes67/77 | - | €6,873 | - | - | €5,462 | €253 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €21,768 | -€12,706 | -€4,625 | -€12,558 | €33,574 | -€31,329 | -€24,791 | ▲ 20.9% |
| Profit (loss) for the period to be appropriated9905 | €21,768 | -€12,706 | -€4,625 | -€12,558 | €33,574 | -€31,329 | -€24,791 | ▲ 20.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €110,619 | €96,505 | €95,419 | €270,252 | €138,090 | €372,108 | €424,516 | ▲ 14.1% |
| Fixed assets21/28 | €556 | €4,274 | €3,551 | €3,298 | €21,229 | €694 | €426 | ▼ 38.6% |
| Tangible fixed assets22/27 | €506 | €4,224 | €3,501 | €3,248 | €21,179 | €644 | €376 | ▼ 41.6% |
| Plant, machinery and equipment23 | - | - | €722 | €1,378 | €935 | €592 | €376 | ▼ 36.5% |
| Furniture and vehicles24 | - | - | €2,779 | €1,870 | €20,244 | €52 | €0 | ▼ 100% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €110,063 | €92,231 | €91,868 | €266,953 | €116,862 | €371,414 | €424,090 | ▲ 14.2% |
| Stocks and contracts in progress3 | €84,281 | €84,281 | €90,547 | €227,577 | €7,198 | €338,949 | €410,894 | ▲ 21.2% |
| Stocks30/36 | - | - | €90,547 | €227,577 | €7,198 | €338,949 | €410,894 | ▲ 21.2% |
| Amounts receivable within one year40/41 | €581 | €581 | €581 | €581 | €581 | €8,032 | €970 | ▼ 87.9% |
| Trade receivables40 | - | - | €581 | €581 | €581 | €5,469 | €970 | ▼ 82.3% |
| Other amounts receivable41 | - | - | - | - | - | €2,563 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €25,201 | €7,369 | €740 | €38,795 | €109,083 | €24,433 | €12,226 | ▼ 50.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €110,619 | €96,505 | €95,419 | €270,252 | €138,090 | €372,108 | €424,516 | ▲ 14.1% |
| Equity10/15 | €54,045 | €40,539 | €35,114 | €21,756 | €55,330 | €24,001 | -€790 | - |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €28,193 | €28,193 | €28,193 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | - | €26,333 | €26,333 | €26,333 | = |
| Profit (loss) carried forward14 | €33,585 | €20,079 | €14,654 | €1,296 | €8,537 | -€22,791 | -€47,583 | ▼ 109% |
| Amounts payable17/49 | €56,574 | €55,966 | €60,305 | €248,496 | €82,760 | €348,107 | €425,306 | ▲ 22.2% |
| Amounts payable after more than one year17 | - | - | - | - | - | €240,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | - | €240,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €56,574 | €55,966 | €60,305 | €246,858 | €82,760 | €108,107 | €425,306 | ▲ 293% |
| Financial debts43 | - | - | - | - | - | - | €305,000 | - |
| Credit institutions430/8 | - | - | - | - | - | - | €305,000 | - |
| Trade debts44 | €363 | €262 | - | €1,722 | €383 | €3,570 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €1,722 | €383 | €3,570 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | - | - | - | €20,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €5,429 | €0 | €5,462 | €1,506 | €3,260 | ▲ 116% |
| Taxes450/3 | - | - | €5,429 | €0 | €5,462 | €1,506 | €3,260 | ▲ 116% |
| Other amounts payable47/48 | - | - | €54,876 | €245,136 | €76,916 | €83,031 | €117,046 | ▲ 41.0% |
| Accrued charges and deferred income492/3 | - | - | - | €1,638 | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,768 | -€12,706 | -€4,625 | -€12,558 | €33,574 | -€31,329 | -€24,791 | ▲ 20.9% |
| + Depreciation and write-downs630 | €253 | €1,250 | €1,402 | €1,332 | €7,319 | €1,252 | €268 | ▼ 78.6% |
| Operating cash flow (approximation) | €22,021 | -€11,456 | -€3,223 | -€11,227 | €40,893 | -€30,077 | -€24,523 | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | -€4,968 | -€679 | -€1,079 | -€25,249 | €19,283 | €0 | ▼ 100% |
| Change in cash | - | -€17,832 | -€6,629 | €38,055 | €70,288 | -€84,650 | -€12,207 | ▲ 85.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00098010 |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00082978 |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00074880 |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00077997 |
| 30-09-2021 | micro format | 02-05-2022 | 2022-20021355 |
| 30-09-2020 | abbreviated format | 03-05-2021 | 2021-13100273 |
| 30-09-2019 | abbreviated format | 04-05-2020 | 2020-11400070 |
| 30-09-2018 | abbreviated format | 30-04-2019 | 2019-11500518 |
| 30-09-2017 | abbreviated format | 04-04-2018 | 2018-09100500 |
| 30-09-2016 | abbreviated format | 27-04-2017 | 2017-10300141 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Evi Van der Smissen |
|
| FUTURE |
|
Owners and capital
Owners
1 ownerOwners 1
-
20%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 07-12-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-12
Gazette deed
Resignations: Evi Van der Smissen (statutory manager) and FUTURE (statutory manager)Permanent representative: Eddy Van der Smissen · Appointment: Evi Van der Smissen (statutory director) · Amendment of the articles17 facts ▸
- General meeting, 01-12-2023
- Other provision, “wijziging voorwerp procedure, voorzitter ontslagen van voorlezen verslag bestuursorgaan aangaande wijziging voorwerp” (deed in Dutch)
- Other provision, “ontvangst verslag bestuursorgaan, aanwezige vennoten” (deed in Dutch)
- Amendment of the articles, “aanpassing statuten” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigenvermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Director resignation, Evi Van der Smissen (statutory manager)
- Director resignation, FUTURE (statutory manager)
- Permanent representative, Eddy Van der Smissen
- Director appointment, Evi Van der Smissen (statutory director)
- Director discharge, Evi Van der Smissen
- Director discharge, FUTURE
- +5 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds 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.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41063B0576/00E000 | Flanders | 784 m² | 1 · 178 m² | 1.0 m |
| 41036B0545/02N000 | Flanders | 458 m² | 1 · 146 m² | 9.3 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle onroerende,roerende en financiële activiteiten,inzonderheid,aankopen en verkopen; De vennootschap kan hierbij optreden voor eigen…” (deed in Dutch)
11 activities (deed in Dutch)
- Alle onroerende,roerende en financiële activiteiten,inzonderheid,aankopen en verkopen
- De vennootschap kan hierbij optreden voor eigen rekening,voor rekening van derden
- Zij kan borgstellingen en hypotheken verstrekken,alsook borgstellingen en hypothecaire waarborgen ontvangen,kredieten aangaan en verstrekken
- Het verwerven,de aan- en verkoop,het huren en verhuren,de instandhouding van onroerende goederen,verkaveling,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn opbrengst van de onroerende goederen te bevorderen,zoals het onderhoud en de verfraaiing van deze goederen
- Grondverkaveling
- Ruilverkavelingen
- Dit alles in de meest ruime zin
- De vennootschap handelt voor eigen rekening,als tussenpersoon of als vertegenwoordiger
- In de algemene regel mag de vennootschap alle daden stellen van burgerlijke als commerciële aard,roerende,onroerende,industriële of financiële aard,welke rechtstreeks of onrechtstreeks,geheel of gedeeltelijk in verband staan met het voorwerp
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend voorwerp met het hare,of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- I.V.E. Projects
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Vertegenwoordigingsbevoegdheid Iedere zaakvoerder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens derden…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuurders, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Bestuursbevoegdheid, behalve deze die wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaars, bestuurder(s) in functie aangewezen als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)