IAFARA

Active

Private limited companyfounded 199728 yrs activeLegerlaan 131, 1040 Etterbeek, BelgiumKBO/BCE: BE 0461.940.526

The computed 12-month bankruptcy probability of IAFARA is 1.8% (moderate). The 2025 annual accounts show equity of €140k and a net result of €24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 13061 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

93 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability85▼-15

Solvency100=

Growth78=

Stability100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days acceptable

Liquidity ample (current ratio 3.26 against 3.34 in 2024), and 29.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

70.1%

Return on assets

11.9%

Age of the figures

8 mo

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €140k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filings

Deviation from the deadline

2025

27 d late

2024

29 d late

2023

26 d late

2022

29 d late

2021

31 d late

2020

13 d late

2019

65 d early

← before the deadline after the deadline →

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 months

Position in the running window

14-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€24k▼ 58.0%

2024 · €57k

2018: €-16k 2019: €-7k 2020: €-9k 2021: €-42k 2022: €39k 2023: €67k 2024: €57k

2018 → 2025

Working capital

€134k▲ 22.9%

2024 · €109k

2018: €3k 2019: €-1k 2020: €-11k 2021: €-57k 2022: €-27k 2023: €46k 2024: €109k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-46k-€-8k▲ 83.6%€60k€116k▲ 94.5%€140k▲ 20.4%

Operating result€-6k-€44k€91k▲ 108%€91k▼ 0.9%€39k▼ 56.7%

Net result€-42k-€39k€67k▲ 74.5%€57k▼ 16.1%€24k▼ 58.0%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 57% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €200k

96.8%

Fixed assets €6k▼ 16.0%

Current assets €194k▲ 24.1%

Equity and liabilities €200k

70.1%

29.9%

Equity €140k▲ 20.4%

Debt €60k▲ 26.8%

The debt ratio rises from 28.8% to 29.9%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€42k▼

2024 · €93k

Cash flow

€26k▼

2024 · €59k

Solvency

70.1%▼

2024 · 71.2%

Current ratio

3.26▼

2024 · 3.34

Quick ratio

3.15▼

2024 · 3.32

Debt / equity

0.43▲

2024 · 0.41

ROE

17.0%▼

2024 · 48.6%

ROA

11.9%▼

2024 · 34.6%

Interest coverage

27.69▼

2024 · 75.31

Debt

€60k▲

2024 · €47k

Debt ≤ 1 year

€59k▲

2024 · €47k

Income taxes

€14k▼

2024 · €33k

Staff costs

€41k▲

2024 · €21k

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 · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€164k€200k▲

Fixed assets21/28€8k€6k▼

Tangible fixed assets22/27€4k€3k▼

Plant, machinery and equipment23€2k€2k▲

Other tangible fixed assets26€2k€696▼

Financial fixed assets28€4k€4k=

Current assets29/58€156k€194k▲

Stocks and contracts in progress3€1k€7k▲

Stocks30/36€1k€7k▲

Amounts receivable within one year40/41€4k€1k▼

Trade receivables40€4k-

Other amounts receivable41€5€1k▲

Cash at bank and in hand54/58€151k€186k▲

Deferred charges and accrued income490/1-€157

Equity and liabilities

Total equity and liabilities10/49€164k€200k▲

Equity10/15€116k€140k▲

Contributions10/11€19k€19k=

Reserves13€60k€84k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€59k€82k▲

Profit (loss) carried forward14€37k€37k=

Amounts payable17/49€47k€60k▲

Amounts payable within one year42/48€47k€59k▲

Trade debts44€2k€7k▲

Suppliers440/4€2k€7k▲

Advances received on contracts in progress46€5k-

Taxes, remuneration and social security45€40k€52k▲

Taxes450/3€34k€46k▲

Remuneration and social security454/9€6k€6k▼

Accrued charges and deferred income492/3€466€478▲

Income statement Code20242025

Remuneration, social security and pensions62€21k€41k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼

Other operating charges640/8€9k€6k▼

Non-recurring operating charges66A€466€2k▲

Gross operating margin9900€124k€91k▼

Operating profit (loss)9901€91k€39k▼

Financial income75/76B-€0

Recurring financial income75-€0

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€89k€38k▼

Income taxes67/77€33k€14k▼

Profit (loss) for the period9904€57k€24k▼

Profit (loss) for the period to be appropriated9905€57k€24k▼

Appropriation of the result

Profit (loss) to be appropriated9906€94k€61k▼

Profit (loss) brought forward from the previous period14P€37k€37k=

Transfer to equity691/2€57k€24k▼

To the legal reserve6920€57k-

To other reserves6921-€24k

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Equity above €100kEq €116k ▲94.5%

3 profitable years in a row build equity to €116k.

26-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 26 days late

2023

31-12

Financial Highest result since 2018net €67k ▲74.5%

Operating result €91k, net result €67k, both a record.

31-12

Financial Liquidity quadruplescurrent ratio 1.96

Current ratio from 0.45 to 1.96; short-term debt falls from €49k to €48k.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-12

Financial Back to profitnet €39k

Net result €39k after 4 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Weakest financial yearnet €-42k

Net result drops to €-42k, the lowest in the series; recovery starts the following year.

13-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 13 days late

2020

27-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

17-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

14-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

31-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

11 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, Etterbeek · 1 establishment unit since 1997

establishment The establishment unit on the map

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.

Legerlaan 1311040 Etterbeek

Ground area

84 m²

Building footprint

84 m²

Volume, LiDAR

1,092 m³