IdW
ActiveSummary
IdW has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-26k) and a net result of €-15k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+3
Solvency22▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.1 against 0.03 in 2024; short-term debt: 19.8% and cash: 1.7% of total assets), and equity is negative.
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Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.5%
Return on assets
-1.5%
Age of the figures
15 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €-26k
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 d early
2024
2 d early
2023
on the day
2022
on the day
2020
1 d early
2019
74 d late
2018
17 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-26k▼ 140%
2024 · €-11k
Total assets
€1.02M▼ 3.5%
2024 · €1.05M
Net result
€-15k▲ 47.1%
2024 · €-28k
Working capital
€-182k▲ 5.4%
2024 · €-192k
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
Line20202022202320242025
Operating result€57k€248k-€12k▼ 95.2%€31k▲ 164%€44k▲ 41.4%
Net result€-2k▲ 96.7%€119k-€-49k€-28k▲ 42.4%€-15k▲ 47.1%
Equity€-52k▼ 50.0%€67k-€18k▼ 73.6%€-11k€-26k▼ 140%
Total assets€1.43M▼ 8.6%€1.61M-€1.11M▼ 31.2%€1.05M▼ 4.7%€1.02M▼ 3.5%
Debt€768k▼ 12.2%€851k-€412k▼ 51.7%€401k▼ 2.5%€393k▼ 2.1%
Working capital€-525k▼ 16.1%€-117k-€-199k▼ 70.4%€-192k▲ 3.6%€-182k▲ 5.4%
Staff (FTE)0.9▲ 12.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 41% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€997k ▼ 4.9%
Current assets
€20k ▲ 284%
Key figures and ratios
EBITDA
€108k▲
2024 · €97k
Cash flow
€49k▲
2024 · €37k
Solvency
-2.5%▼
2024 · -1.0%
Current ratio
0.10▲
2024 · 0.03
Debt to equity
-15.19▲
2024 · -37.21
ROA
-1.5%▲
2024 · -2.7%
Interest coverage
1.82▲
2024 · 1.63
Debt ≤ 1 year
€202k▲
2024 · €197k
Debt > 1 year
€191k▼
2024 · €200k
Income taxes
€98▼
2024 · €133
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €185k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €37 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70k | €121k | €65k | €66k | €64k | ▼ 3.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-23k | €-12k | €-13k | €-13k | ▼ 2.9% |
| Other operating charges640/8 | - | €9k | €8k | €6k | €8k | ▲ 31.5% |
| Gross operating margin9900 | €167k | €355k | €72k | €91k | €103k | ▲ 13.6% |
| Operating profit (loss)9901 | €57k | €248k | €12k | €31k | €44k | ▲ 41.4% |
| Financial income75/76B | - | €7 | - | - | - | - |
| Recurring financial income75 | €102 | €7 | - | - | - | - |
| Financial charges65/66B | - | €103k | €61k | €60k | €59k | ▼ 0.7% |
| Recurring financial charges65 | €59k | €103k | €61k | €60k | €59k | ▼ 0.7% |
| Profit (loss) for the period before taxes9903 | €-2k | €145k | €-49k | €-28k | €-15k | ▲ 47.2% |
| Income taxes67/77 | €118 | €26k | €309 | €133 | €98 | ▼ 26.3% |
| Profit (loss) for the period9904 | €-2k | €119k | €-49k | €-28k | €-15k | ▲ 47.1% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €119k | €-49k | €-28k | €-15k | ▲ 47.1% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.43M | €1.61M | €1.11M | €1.05M | €1.02M | ▼ 3.5% |
| Fixed assets21/28 | €1.31M | €1.11M | €1.10M | €1.05M | €997k | ▼ 4.9% |
| Tangible fixed assets22/27 | €1.31M | €1.11M | €1.10M | €1.05M | €997k | ▼ 4.9% |
| Land and buildings22 | - | €312k | €304k | €296k | €288k | ▼ 2.7% |
| Plant, machinery and equipment23 | - | €1k | €51k | €57k | €61k | ▲ 7.2% |
| Furniture and vehicles24 | - | €27k | €18k | €8k | €2k | ▼ 76.3% |
| Leasing and similar rights25 | - | €773k | €730k | €688k | €647k | ▼ 6.0% |
| Financial fixed assets28 | €363 | - | - | - | - | - |
| Current assets29/58 | €122k | €494k | €3k | €5k | €20k | ▲ 284% |
| Amounts receivable within one year40/41 | €106k | €6k | €1k | €120 | €503 | ▲ 319% |
| Trade receivables40 | - | €6k | €1k | - | €383 | - |
| Other amounts receivable41 | - | - | €120 | €120 | €120 | = |
| Cash at bank and in hand54/58 | €13k | €485k | - | €3k | €18k | ▲ 549% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €2k | ▼ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.43M | €1.61M | €1.11M | €1.05M | €1.02M | ▼ 3.5% |
| Equity10/15 | €-52k | €67k | €18k | €-11k | €-26k | ▼ 140% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €120k | €120k | €120k | €120k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €118k | €118k | €118k | €118k | = |
| Profit (loss) carried forward14 | €-60k | €-59k | €-108k | €-137k | €-152k | ▼ 11.0% |
| Provisions and deferred taxes16 | €712k | €689k | €677k | €664k | €651k | ▼ 2.0% |
| Provisions for liabilities and charges160/5 | - | €689k | €677k | €664k | €651k | ▼ 2.0% |
| Other liabilities and charges164/5 | - | €689k | €677k | €664k | €651k | ▼ 2.0% |
| Amounts payable17/49 | €768k | €851k | €412k | €401k | €393k | ▼ 2.1% |
| Amounts payable after more than one year17 | €115k | €241k | €209k | €200k | €191k | ▼ 4.6% |
| Financial debts170/4 | - | €241k | €209k | €200k | €191k | ▼ 4.6% |
| Amounts payable within one year42/48 | €647k | €611k | €202k | €197k | €202k | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | - | €46k | €32k | €9k | €9k | ▲ 2.0% |
| Trade debts44 | €9k | €3k | €2k | €369 | - | - |
| Suppliers440/4 | - | €3k | €2k | €369 | - | - |
| Taxes, remuneration and social security45 | - | €12k | €1k | €1k | €1k | ▼ 3.3% |
| Taxes450/3 | - | €12k | €1k | €1k | €1k | ▼ 3.3% |
| Other amounts payable47/48 | - | €549k | €168k | €187k | €192k | ▲ 2.7% |
| Accrued charges and deferred income492/3 | - | - | - | €4k | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €119k | €-49k | €-28k | €-15k | ▲ 47.1% |
| + Depreciation and write-downs630 | €70k | €121k | €65k | €66k | €64k | ▼ 3.4% |
| Operating cash flow (approximation) | €67k | €240k | €15k | €37k | €49k | ▲ 29.8% |
| Investment in fixed assets (approximation) | - | - | €-54k | €-13k | €-12k | ▲ 6.2% |
| Change in cash | - | - | - | - | €15k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €119k
Net result €119k after 2 loss-making years.
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
30-09
Financial
Weakest financial yearnet €-65k
Net result drops to €-65k, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
17-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waterloo · 1 establishment unit since 2012
Ground area
2,103 m²
Building footprint
149 m²
Volume, LiDAR
1,550 m³
2 parcels, Brussels, Wallonia · tallest building 19.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
IDW
since 20122.208.321.596
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763K0149/00A000 | Wallonia | 2,006 m² | 1 · 78 m² | 10.6 m · 3 fl. |
| 21612C0120/00V000 | Brussels | 97 m² | 1 · 71 m² | 19.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 29,254 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
Founded01-02-2012
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.