IDEWEST
ActiveThe computed 12-month bankruptcy probability of IDEWEST is 1.7% (moderate). The 2025 annual accounts show equity of €149k and a net result of €70k. Equity is growing by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 7293 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
78
/ 100
Excellent▼ -15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency64▼-36
Growth78=
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 13.42 in 2024), and 65.3% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
34.7%
Return on assets
16.2%
Age of the figures
8 mo
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 13-03-2026, 140 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
140 d early
2024
19 d early
2023
43 d early
2022
27 d early
2021
19 d early
2020
40 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▼ 57.6%
2024 · €353k
2020: €64k
2021: €121k
2022: €175k
2023: €266k
2024: €353k
2020 → 2025
Total assets
€430k▲ 7.1%
2024 · €402k
2020: €82k
2021: €146k
2022: €271k
2023: €344k
2024: €402k
2020 → 2025
Net result
€70k▼ 19.6%
2024 · €87k
2020: €60k
2021: €59k
2022: €55k
2023: €91k
2024: €87k
2020 → 2025
Working capital
€121k▼ 65.9%
2024 · €355k
2020: €51k
2021: €111k
2022: €149k
2023: €255k
2024: €355k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€121k-€175k▲ 44.3%€266k▲ 51.8%€353k▲ 32.7%€149k▼ 57.6%
Operating result€82k-€78k▼ 4.6%€130k▲ 65.9%€112k▼ 13.4%€84k▼ 25.5%
Net result€59k-€55k▼ 5.7%€91k▲ 63.8%€87k▼ 4.1%€70k▼ 19.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430k
Fixed assets
€35k▲ 95.7%
Current assets
€395k▲ 2.9%
Equity and liabilities €430k
Equity
€149k▼ 57.6%
Debt
€281k▲ 470%
The debt ratio rises from 12.3% to 65.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€96k▼
2024 · €139k
Cash flow
€82k▼
2024 · €114k
Solvency
34.7%▼
2024 · 87.7%
Current ratio
1.44▼
2024 · 13.42
Quick ratio
1.44▼
2024 · 13.42
Debt / equity
1.88▲
2024 · 0.14
ROE
46.8%▲
2024 · 24.6%
ROA
16.2%▼
2024 · 21.6%
Interest coverage
93.88▼
2024 · 167.52
Debt
€281k▲
2024 · €49k
Debt ≤ 1 year
€274k▲
2024 · €29k
Debt > 1 year
€7k▼
2024 · €21k
Income taxes
€20k▼
2024 · €25k
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€402k€430k▲
Fixed assets21/28€18k€35k▲
Tangible fixed assets22/27€18k€35k▲
Land and buildings22€7k€6k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€11k-
Other tangible fixed assets26-€27k
Current assets29/58€384k€395k▲
Amounts receivable after more than one year29€20k€20k=
Trade receivables290€20k€20k=
Amounts receivable within one year40/41€54k€294k▲
Trade receivables40€43k€26k▼
Other amounts receivable41€11k€267k▲
Cash at bank and in hand54/58€307k€72k▼
Deferred charges and accrued income490/1€3k€10k▲
Equity and liabilities
Total equity and liabilities10/49€402k€430k▲
Equity10/15€353k€149k▼
Contributions10/11€5k€5k=
Reserves13€348k€144k▼
Distributable reserves133€348k€144k▼
Amounts payable17/49€49k€281k▲
Amounts payable after more than one year17€21k€7k▼
Financial debts170/4€21k€7k▼
Amounts payable within one year42/48€29k€274k▲
Current portion of amounts payable after more than one year42€14k€14k▲
Financial debts43-€100k
Other loans439-€100k
Trade debts44€1k€668▼
Suppliers440/4€1k€668▼
Taxes, remuneration and social security45€14k€3k▼
Taxes450/3€14k€3k▼
Other amounts payable47/48-€157k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€12k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€141k€98k▼
Operating profit (loss)9901€112k€84k▼
Financial income75/76B€1k€7k▲
Recurring financial income75€1k€7k▲
Financial charges65/66B€831€1k▲
Recurring financial charges65€831€1k▲
Profit (loss) for the period before taxes9903€112k€89k▼
Income taxes67/77€25k€20k▼
Profit (loss) for the period9904€87k€70k▼
Profit (loss) for the period to be appropriated9905€87k€70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€70k▼
Transfer from equity791/2-€203k
Transfer to equity691/2€87k-
To other reserves6921€87k-
Profit to be distributed694/7-€273k
Return on contributions (dividend)694-€273k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €91k ▲63.8%
Operating result €130k, net result €91k, both a record.
31-12
Financial
Equity above €200kEq €266k ▲51.8%
4 profitable years in a row build equity to €266k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €55k ▼5.7%
Net result drops to €55k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €175k ▲44.3%
3 profitable years in a row build equity to €175k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €121k ▲88.8%
2 profitable years in a row build equity to €121k.
21-06
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.
Directors · office · real estate
Directors
2 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, Avelgem · 1 establishment unit since 2020
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.
Oudenaardsesteenweg 5588581 AvelgemGround area
1,145 m²
Building footprint
185 m²
Parcel 34020A0378/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
IDEWEST
since 20202.297.760.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34020A0378/00H000 | Flanders | 1,145 m² | 1 · 185 m² | - |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 304 EUR awarded · 22 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 304 EUR | 22 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 12,513 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2020
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.