Equity
Equity fell by 50% in 13 years.
Equity fell by 50% in 13 years.
Every financial year from 2022 to 2025 closed with a loss. 2024 was the heaviest.
The accounts state no turnover.
Between 2012 and 2025, 75% of the full-time equivalents disappeared.
Two of the last ten came late. The 2019 accounts came latest: 55 days after the end of the period.
More equity than 90% of companies in specialised construction. Sector median €57,824 · 37,191 companies.
In July 2024, 6,908 companies had the same profile as IDEVY has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for IDEVY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| IDEVY Virton | €325,796 | €50,674 | 84.6% | - |
| Verstrepen Heist-op-den-Berg | €300,246 | €46,538 | 57.4% | - |
| CLIMAPOWER Soignies | €321,213 | €56,977 | 55.2% | - |
| KERFS VERWARMINGSTECHNIEK Hasselt | €342,242 | €49,138 | 39.2% | - |
| JESVO As | €304,941 | €58,679 | 37.8% | - |
| MARIËN MARIO Mol | €291,346 | €52,630 | 47.5% | - |
| DREEZEN Bree | €357,417 | €58,411 | 64.3% | - |
These companies have the same main activity as IDEVY: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €291,000 and €357,000, founded between 2005 and 2008.
IDEVY files the micro format. That format states no turnover. The gross margin fell from €110,928 in 2008 to €50,674 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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