Equity
-€25,856
Debts exceed assets in financial year 2025.
IdW
Lifetime
12 annual accounts with figures on one time axispeak €355,061 (2022)
€103,200▲ 13.6%
lowest -€64,983 (2019)
-€15,072▲ €13,414
peak €67,141 (2022)
-€25,856▼ €15,072
€392,723▼ 2.1%
peak 0.9 FTE (2017)
-not published
Board2 names since 2021
2 directorsde WAROUX Baudouin Jean Pierre Marie Corneille Hubert and 1 other
Documentsfilings and deeds
29-01-20262 days before the deadline
2025micro format
Gross margin from €90,844 to €103,200Loss of €15,072Equity from -€10,784 to -€25,856Cash from €2,704 to €17,548
Key points
from the 2025 annual accountsLosses
-€92,997 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Position in the sector
-€25,856
Less equity than 95% of companies in head offices and management consultancy. Sector median €78,242 · 39,408 companies.
Checked score
53
Fair
Financially stronger than 13% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.7%▲ +0.2 percentage points vs 12-2024highest value
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.7%▲ +0.1 percentage points vs 12-2025
02-2026: 0.2%▼ -0.5 percentage points vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026lowest value
06-2026: 0.2%● unchanged vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€25,856
Liquidity: current ratio 0.10, cash €17,548
lowers risk
Size: total assets €1.0m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 8% of them on solvency, 26% on liquidity, 17% on profitability and 2% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,216 companies had the same profile as IdW has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IdW itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,216 companies, not a prediction for IdW. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.03 in 2024), below 1. Short-term debt is 19.8% and cash 1.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192022232425
2019 to 2025 · latest year -€25,856
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
2 days early
2023
on the day
2022
on the day
2020
1 day early
2019
74 days late
2018
17 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0843278705
Reappointments: de WAROUX Baudouin Jean Pierre Marie Corneille Hubert (statutory director) and IACOPETTA Rosella (statutory director)
Legal-form conversion: from coöperatieve vennootschap met beperkte aansprakelijkheid to private limited company · General meeting of 29-06-2021 · Gazette deed
Incorporation
published on 14-02-2012 · Gazette deed
First establishment
Waterloosesteenweg 931, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IdW Waterloo | €1.0m | €103,200 | -2.5% | - |
| JSGM Wavre | €1.0m | €111,535 | 20.2% | - |
| GREENFARM CONSULTING Perwez | €0.9m | €107,571 | 7.8% | - |
| MOERS ADRIEN Wavre | €0.9m | €104,918 | 15.3% | - |
| BUZZ CONSULT Grez-Doiceau | €1.0m | €92,823 | 28.1% | - |
| BIO CONSULTING Lasne | €1.2m | €120,245 | 8.3% | - |
| EM Consulting Linter | €0.9m | €108,362 | 50.4% | - |
These companies have the same main activity as IdW: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €855,000 and €1.2m, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 01-02-2012Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.208.321.5961180 Uccle, since 01-02-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 03-02-2026
Annual accounts to 30-06-2025
- ≈ €180,000estimated
- €1.0m▼ 3.5%
- Filing
- Filed on 29-01-2026, 2 days before the end of the filing period
Insights on IdW
IdW files the micro format. That format states no turnover. The gross margin rose from €50,961 in 2013 to €103,200 in 2025.
The balance sheet grew most in 2019 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IdW
- What is the company number of IdW?
- The company number of IdW is 0843.278.705. The VAT number is the same number with BE in front: BE 0843.278.705.
- Where is IdW based?
- The registered office is at Drève de la Meute 6, 1410 Waterloo.Company details
- What does IdW do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of IdW?
- IdW is a private limited company (BV).
- When was IdW founded?
- IdW was founded on 01-02-2012.
- Is IdW still active?
- Yes, IdW is an active enterprise in the KBO register.
- How many employees does IdW have?
- IdW had an average of 0.9 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of IdW?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €103,200 and 109 comparable companies (NACE 70200). It probably lies between €150,000 and €210,000.
- Is IdW profitable?
- In financial year 2025, IdW made a loss of €15,072.
- Where can I find the annual accounts of IdW?
- IdW filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IdW due?
- IdW must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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