IALEW
ActiveSummary
IALEW has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €32k. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency31▼-64
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
5.9%
Return on assets
47.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-03-2026, 122 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
122 d early
2024
42 d early
2023
48 d early
2022
41 d early
2021
48 d early
2020
25 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 87.4%
2024 · €32k
2020: €31k
2021: €37k▲ +18.5% vs 2020highest in 6 years
2022: €35k▼ -4.9% vs 2021
2023: €6k▼ -84.1% vs 2022
2024: €32k▲ +472% vs 2023
2025: €4k▼ -87.4% vs 2024lowest in 6 years
2020 → 2025
Total assets
€68k▲ 48.9%
2024 · €45k
2020: €63k
2021: €68k▲ +8.2% vs 2020highest in 6 years
2022: €55k▼ -18.1% vs 2021
2023: €31k▼ -43.8% vs 2022lowest in 6 years
2024: €45k▲ +45.6% vs 2023
2025: €68k▲ +48.9% vs 2024
2020 → 2025
Net result
€32k▼ 12.1%
2024 · €36k
2020: €30k
2021: €6k▼ -80.9% vs 2020
2022: €1k▼ -79.2% vs 2021lowest in 6 years
2023: €11k▲ +795% vs 2022
2024: €36k▲ +241% vs 2023highest in 6 years
2025: €32k▼ -12.1% vs 2024
2020 → 2025
Working capital
€151▼ 99.3%
2024 · €22k
2020: €11k
2021: €13k▲ +14.3% vs 2020
2022: €11k▼ -17.0% vs 2021
2023: €-12k▼ -217% vs 2022lowest in 6 years
2024: €22k▲ +276% vs 2023highest in 6 years
2025: €151▼ -99.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€35k▼ 4.9%€6k▼ 84.1%€32k▲ 472%€4k▼ 87.4%
2021: €37khighest in 5 years
2022: €35k▼ -4.9% vs 2021
2023: €6k▼ -84.1% vs 2022
2024: €32k▲ +472% vs 2023
2025: €4k▼ -87.4% vs 2024lowest in 5 years
Operating result€10k-€4k▼ 62.3%€16k▲ 331%€47k▲ 204%€42k▼ 10.5%
2021: €10k
2022: €4k▼ -62.3% vs 2021lowest in 5 years
2023: €16k▲ +331% vs 2022
2024: €47k▲ +204% vs 2023highest in 5 years
2025: €42k▼ -10.5% vs 2024
Net result€6k-€1k▼ 79.2%€11k▲ 795%€36k▲ 241%€32k▼ 12.1%
2021: €6k
2022: €1k▼ -79.2% vs 2021lowest in 5 years
2023: €11k▲ +795% vs 2022
2024: €36k▲ +241% vs 2023highest in 5 years
2025: €32k▼ -12.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68k
Fixed assets
€4k ▼ 61.8%
Current assets
€64k ▲ 80.5%
Equity and liabilities €68k
Equity
€4k ▼ 87.4%
Debt
€64k ▲ 369%
Debt's share of the balance-sheet total rises from 29.9% to 94.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50k▼
2024 · €58k
Cash flow
€39k▼
2024 · €47k
Current ratio
1.00▼
2024 · 2.60
Debt to equity
15.89▲
2024 · 0.43
ROE
796.7%▲
2024 · 114.0%
ROA
47.2%▼
2024 · 79.9%
Interest coverage
42.20▼
2024 · 73.15
Debt ≤ 1 year
€64k▲
2024 · €14k
Income taxes
€9k▼
2024 · €10k
Staff costs
€3k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45k€68k▲
Fixed assets21/28€10k€4k▼
Tangible fixed assets22/27€10k€4k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€3k€1k▼
Leasing and similar rights25€2k€0▼
Current assets29/58€35k€64k▲
Amounts receivable within one year40/41€15k€17k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€3k€2k▼
Cash at bank and in hand54/58€19k€45k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€45k€68k▲
Equity10/15€32k€4k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€28k€0▼
Amounts payable17/49€14k€64k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€14k€64k▲
Current portion of amounts payable after more than one year42€2k€0▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€3k€14k▲
Taxes450/3€3k€14k▲
Other amounts payable47/48€6k€48k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A-€11k
Remuneration, social security and pensions62€4k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€8k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€604
Gross operating margin9900€63k€55k▼
Operating profit (loss)9901€47k€42k▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€791€1k▲
Recurring financial charges65€791€1k▲
Profit (loss) for the period before taxes9903€47k€41k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€36k€32k▼
Profit (loss) for the period to be appropriated9905€36k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€60k▲
Profit (loss) brought forward from the previous period14P€2k€28k▲
Profit to be distributed694/7€10k€60k▲
Return on contributions (dividend)694€10k€60k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €11k | - |
| Remuneration, social security and pensions62 | €4k | €4k | €2k | €4k | €3k | ▼ 39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €11k | €11k | €8k | ▼ 28.1% |
| Other operating charges640/8 | €666 | €725 | €1k | €1k | €2k | ▲ 47.0% |
| Non-recurring operating charges66A | - | - | - | - | €604 | - |
| Gross operating margin9900 | €23k | €18k | €30k | €63k | €55k | ▼ 13.5% |
| Operating profit (loss)9901 | €10k | €4k | €16k | €47k | €42k | ▼ 10.5% |
| Financial income75/76B | €13 | €0 | - | €0 | €0 | ▼ 50.0% |
| Recurring financial income75 | €13 | €0 | - | €0 | €0 | ▼ 50.0% |
| Financial charges65/66B | €1k | €1k | €1k | €791 | €1k | ▲ 49.5% |
| Recurring financial charges65 | €1k | €1k | €1k | €791 | €1k | ▲ 49.5% |
| Profit (loss) for the period before taxes9903 | €8k | €3k | €14k | €47k | €41k | ▼ 11.5% |
| Income taxes67/77 | €3k | €1k | €4k | €10k | €9k | ▼ 9.5% |
| Profit (loss) for the period9904 | €6k | €1k | €11k | €36k | €32k | ▼ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €6k | €1k | €11k | €36k | €32k | ▼ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €55k | €31k | €45k | €68k | ▲ 48.9% |
| Fixed assets21/28 | €34k | €31k | €20k | €10k | €4k | ▼ 61.8% |
| Tangible fixed assets22/27 | €34k | €31k | €20k | €10k | €4k | ▼ 61.8% |
| Plant, machinery and equipment23 | €14k | €10k | €7k | €4k | €2k | ▼ 42.4% |
| Furniture and vehicles24 | €4k | €8k | €6k | €3k | €1k | ▼ 58.2% |
| Leasing and similar rights25 | €17k | €12k | €7k | €2k | €0 | ▼ 100% |
| Current assets29/58 | €33k | €25k | €11k | €35k | €64k | ▲ 80.5% |
| Amounts receivable within one year40/41 | €28k | €15k | €4k | €15k | €17k | ▲ 12.6% |
| Trade receivables40 | €19k | €6k | €3k | €13k | €15k | ▲ 20.0% |
| Other amounts receivable41 | €9k | €9k | €1k | €3k | €2k | ▼ 23.6% |
| Cash at bank and in hand54/58 | €5k | €10k | €7k | €19k | €45k | ▲ 139% |
| Deferred charges and accrued income490/1 | €260 | €264 | €356 | €2k | €2k | ▲ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €55k | €31k | €45k | €68k | ▲ 48.9% |
| Equity10/15 | €37k | €35k | €6k | €32k | €4k | ▼ 87.4% |
| Contributions10/11 | €4k | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €33k | €31k | €2k | €28k | €0 | ▼ 100% |
| Amounts payable17/49 | €31k | €20k | €26k | €14k | €64k | ▲ 369% |
| Amounts payable after more than one year17 | €10k | €6k | €2k | €0 | - | - |
| Financial debts170/4 | €10k | €6k | €2k | €0 | - | - |
| Amounts payable within one year42/48 | €21k | €14k | €23k | €14k | €64k | ▲ 369% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | €2k | €0 | ▼ 100% |
| Trade debts44 | €9k | €5k | €2k | €2k | €1k | ▼ 30.1% |
| Suppliers440/4 | €9k | €5k | €2k | €2k | €1k | ▼ 30.1% |
| Taxes, remuneration and social security45 | €8k | €5k | €7k | €3k | €14k | ▲ 326% |
| Taxes450/3 | €8k | €5k | €7k | €3k | €14k | ▲ 326% |
| Other amounts payable47/48 | €0 | - | €10k | €6k | €48k | ▲ 664% |
| Accrued charges and deferred income492/3 | - | - | €15 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €1k | €11k | €36k | €32k | ▼ 12.1% |
| + Depreciation and write-downs630 | €8k | €9k | €11k | €11k | €8k | ▼ 28.1% |
| Operating cash flow (approximation) | €14k | €11k | €21k | €47k | €39k | ▼ 15.7% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-578 | €-1k | ▼ 137% |
| Change in cash | - | €5k | €-3k | €12k | €26k | ▲ 117% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €36k ▲241%
Operating result €47k, net result €36k, both a record.
31-12
Financial
Liquidity times 6current ratio 2.60
Current ratio from 0.47 to 2.60; short-term debt falls from €23k to €14k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €1k ▼79.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Evergem · 1 establishment unit since 2020
Ground area
313 m²
Building footprint
91 m²
Volume, LiDAR
541 m³
Parcel 44302D0607/00K003, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IALEW
since 20202.299.794.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44302D0607/00K003 | Flanders | 313 m² | 1 · 91 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 1,618 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
Founded20-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.