IDEX-EC
ActiveSummary
IDEX-EC has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€300,900) and a net result of €19,664. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 8115 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▲+9
Solvency8▲+8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.77 in 2024; short-term debt: 117.4% and cash: 4.3% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 8115 sector peers (2025).
NBB · sector comparisonPosition among 8115 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
17 d early
2023
6 d early
2022
31 d early
2021
31 d early
2020
16 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€300,900▲ 6.1%
2024 · -€320,564
Total assets
€1.7m▲ 58.6%
2024 · €1.1m
Net result
€19,664▲ 12.7%
2024 · €17,446
Working capital
-€306,869▲ 6.8%
2024 · -€329,343
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€36,368▲ 54.2%€76,599€43,134▼ 43.7%-€45,761€151,773
Net result-€123,941▼ 19.5%€15,024€37,140▲ 147%€17,446▼ 53.0%€19,664▲ 12.7%
Equity-€390,173▼ 46.6%-€375,149▲ 3.9%-€338,009▲ 9.9%-€320,564▲ 5.2%-€300,900▲ 6.1%
Total assets€3.1m▲ 11.2%€3.6m▲ 15.2%€533,902▼ 85.0%€1.1m▲ 104%€1.7m▲ 58.6%
Debt€3.5m▲ 14.3%€3.9m▲ 13.0%€871,911▼ 77.8%€1.4m▲ 61.5%€2.0m▲ 43.9%
Working capital-€406,506▼ 41.3%-€359,182▲ 11.6%-€350,911▲ 2.3%-€329,343▲ 6.1%-€306,869▲ 6.8%
Staff (FTE)1=1=1=1.4▲ 40.0%1.4=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €151,773 after a loss of €45,761 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€6,631 ▼ 29.8%
Current assets
€1.7m ▲ 59.4%
Key figures and ratios
EBITDA
€154,582▲
2024 · -€41,637
Cash flow
€22,474▲
2024 · €21,569
Solvency
-17.4%▲
2024 · -29.5%
Current ratio
0.85▲
2024 · 0.77
Debt to equity
-6.73▼
2024 · -4.39
ROA
1.1%▼
2024 · 1.6%
Interest coverage
1.12▲
2024 · -0.67
Debt ≤ 1 year
€2.0m▲
2024 · €1.4m
Staff costs
€83,658▲
2024 · €79,266
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,447 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,447 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €57,717 | €58,505 | €64,428 | €79,266 | €83,658 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,576 | €7,235 | €6,150 | €4,123 | €2,809 | ▼ 31.9% |
| Other operating charges640/8 | €823 | €102 | €1,069 | €1,086 | €520 | ▼ 52.1% |
| Gross operating margin9900 | €28,748 | €142,441 | €114,782 | €38,714 | €238,760 | ▲ 517% |
| Operating profit (loss)9901 | -€36,368 | €76,599 | €43,134 | -€45,761 | €151,773 | ▲ 432% |
| Financial income75/76B | €60,902 | €46,319 | €119,037 | €125,680 | €5,600 | ▼ 95.5% |
| Recurring financial income75 | €60,902 | €46,319 | €119,037 | €125,680 | €5,600 | ▼ 95.5% |
| Financial charges65/66B | €148,476 | €107,895 | €125,031 | €62,474 | €137,708 | ▲ 120% |
| Recurring financial charges65 | €148,476 | €107,895 | €125,031 | €62,474 | €137,708 | ▲ 120% |
| Profit (loss) for the period before taxes9903 | -€123,941 | €15,024 | €37,140 | €17,446 | €19,664 | ▲ 12.7% |
| Profit (loss) for the period9904 | -€123,941 | €15,024 | €37,140 | €17,446 | €19,664 | ▲ 12.7% |
| Profit (loss) for the period to be appropriated9905 | -€123,941 | €15,024 | €37,140 | €17,446 | €19,664 | ▲ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.6m | €533,902 | €1.1m | €1.7m | ▲ 58.6% |
| Fixed assets21/28 | €16,995 | €19,714 | €13,564 | €9,441 | €6,631 | ▼ 29.8% |
| Intangible fixed assets21 | €12,588 | €8,479 | €4,369 | €1,675 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €3,844 | €10,674 | €8,633 | €7,204 | €6,069 | ▼ 15.7% |
| Plant, machinery and equipment23 | €3,844 | €10,674 | €0 | - | - | - |
| Furniture and vehicles24 | €0 | - | €8,633 | €7,204 | €6,069 | ▼ 15.7% |
| Financial fixed assets28 | €562 | €562 | €562 | €562 | €562 | = |
| Current assets29/58 | €3.1m | €3.5m | €520,338 | €1.1m | €1.7m | ▲ 59.4% |
| Amounts receivable within one year40/41 | €3.1m | €3.4m | €487,919 | €1.1m | €1.6m | ▲ 55.7% |
| Trade receivables40 | €182,018 | €159,255 | €284,297 | €221,381 | €278,705 | ▲ 25.9% |
| Other amounts receivable41 | €2.9m | €3.3m | €203,623 | €834,361 | €1.4m | ▲ 63.6% |
| Cash at bank and in hand54/58 | €23,679 | €90,928 | €32,419 | €22,319 | €74,564 | ▲ 234% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.6m | €533,902 | €1.1m | €1.7m | ▲ 58.6% |
| Equity10/15 | -€390,173 | -€375,149 | -€338,009 | -€320,564 | -€300,900 | ▲ 6.1% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Profit (loss) carried forward14 | -€409,173 | -€394,149 | -€357,009 | -€339,564 | -€319,900 | ▲ 5.8% |
| Amounts payable17/49 | €3.5m | €3.9m | €871,911 | €1.4m | €2.0m | ▲ 43.9% |
| Amounts payable within one year42/48 | €3.5m | €3.9m | €871,249 | €1.4m | €2.0m | ▲ 43.9% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €692,356 | €514,997 | €626,925 | €789,930 | €1.1m | ▲ 37.5% |
| Suppliers440/4 | €692,356 | €514,997 | €626,925 | €789,930 | €1.1m | ▲ 37.5% |
| Advances received on contracts in progress46 | €104,590 | €0 | - | €7,601 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €7,085 | €7,419 | €31,549 | €22,198 | €29,874 | ▲ 34.6% |
| Taxes450/3 | - | - | €23,308 | €612 | €6,976 | ▲ 1,039% |
| Remuneration and social security454/9 | €7,085 | €7,419 | €8,241 | €21,585 | €22,898 | ▲ 6.1% |
| Other amounts payable47/48 | €2.7m | €3.4m | €212,775 | €587,676 | €908,771 | ▲ 54.6% |
| Accrued charges and deferred income492/3 | €662 | €35,681 | €662 | €662 | €662 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€123,941 | €15,024 | €37,140 | €17,446 | €19,664 | ▲ 12.7% |
| + Depreciation and write-downs630 | €6,576 | €7,235 | €6,150 | €4,123 | €2,809 | ▼ 31.9% |
| Operating cash flow (approximation) | -€117,365 | €22,259 | €43,290 | €21,569 | €22,474 | ▲ 4.2% |
| Investment in fixed assets (approximation) | - | -€9,955 | €0 | €0 | €0 | - |
| Change in cash | - | €67,248 | -€58,509 | -€10,099 | €52,245 | ▲ 617% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €15,024
Net result €15,024 after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€169,838
Net result drops to -€169,838, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 74 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 120 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2002
Ground area
2,937 m²
Building footprint
2,012 m²
Volume, LiDAR
51,458 m³
Parcel 11808H1182/00F018, Flanders · tallest building 41.6 m, ±10 floors. Linked by address, not a title deed.
41
companies at this address
See who is registered here
1 establishment unit
IDEX-EC BVBA
since 20022.094.789.432
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1182/00F018 | Flanders | 2,937 m² | 1 · 2,012 m² | 41.6 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 1,230 companies in sector 46861 we hold annual accounts for 685. 122 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
Founded05-06-2002
Fiscal year end31-12
Activities, NACEBEL 2025
46861Wholesale of diamonds and other precious stones
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477696789
Also
9925:BE0477696789
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.