IEReCa
ActiveIEReCa has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €177k. Equity is shrinking by ~39.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 10% of 31220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency9▲+1
Growth58=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.85 in 2024), and 99.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
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
0.4%
Return on assets
52.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31220 sector peers (2025).
NBB · sector comparisonPosition among 31220 sector peers
Solvency
better than 10%
← weakest
strongest →
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 17-04-2026, 105 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
105 d early
2024
156 d early
2023
152 d early
2022
14 d early
2021
30 d early
2020
30 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
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k=
2024 · €2k
2020: €51k
2021: €114k
2022: €193k
2023: €12k
2024: €2k
2020 → 2025
Total assets
€339k▲ 21.3%
2024 · €279k
2020: €68k
2021: €137k
2022: €237k
2023: €166k
2024: €279k
2020 → 2025
Net result
€177k▲ 77.3%
2024 · €100k
2020: €53k
2021: €64k
2022: €79k
2023: €113k
2024: €100k
2020 → 2025
Working capital
€-21k▼ 8.4%
2024 · €-19k
2020: €44k
2021: €103k
2022: €187k
2023: €9k
2024: €-19k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€193k▲ 69.8%€12k▼ 94.0%€2k▼ 87.2%€2k=
Operating result€82k-€101k▲ 23.5%€147k▲ 45.2%€141k▼ 4.6%€246k▲ 74.7%
Net result€64k-€79k▲ 23.5%€113k▲ 42.8%€100k▼ 11.8%€177k▲ 77.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 75% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€162k▼ 4.2%
Current assets
€177k▲ 60.1%
Equity and liabilities €339k
Equity
€2k=
Debt
€337k▲ 21.4%
The debt ratio rises from 99.5% to 99.6%: debt grows faster than equity.
Key figures and ratios
EBITDA
€256k▲
2024 · €173k
Cash flow
€188k▲
2024 · €132k
Solvency
0.4%▼
2024 · 0.5%
Current ratio
0.90▲
2024 · 0.85
Quick ratio
0.90▲
2024 · 0.85
Debt / equity
224.90▲
2024 · 185.29
ROE
11815.8%▲
2024 · 6666.0%
ROA
52.3%▲
2024 · 35.8%
Interest coverage
40.64▲
2024 · 38.81
Debt
€337k▲
2024 · €278k
Debt ≤ 1 year
€198k▲
2024 · €130k
Debt > 1 year
€140k▼
2024 · €148k
Income taxes
€62k▲
2024 · €36k
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€279k€339k▲
Fixed assets21/28€169k€162k▼
Tangible fixed assets22/27€169k€162k▼
Land and buildings22€163k€154k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€6k€5k▼
Current assets29/58€111k€177k▲
Amounts receivable within one year40/41€24k€80k▲
Trade receivables40€19k€80k▲
Other amounts receivable41€4k-
Cash at bank and in hand54/58€83k€93k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€279k€339k▲
Equity10/15€2k€2k=
Contributions10/11€2k€2k=
Amounts payable17/49€278k€337k▲
Amounts payable after more than one year17€148k€140k▼
Financial debts170/4€148k€140k▼
Amounts payable within one year42/48€130k€198k▲
Current portion of amounts payable after more than one year42€8k€9k▲
Financial debts43€29-
Credit institutions430/8€29-
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€9k€34k▲
Taxes450/3€9k€34k▲
Other amounts payable47/48€110k€154k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€11k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€176k€257k▲
Operating profit (loss)9901€141k€246k▲
Financial income75/76B-€2
Recurring financial income75-€2
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€136k€239k▲
Income taxes67/77€36k€62k▲
Profit (loss) for the period9904€100k€177k▲
Profit (loss) for the period to be appropriated9905€100k€177k▲
Appropriation of the result
Profit (loss) to be appropriated9906€100k€177k▲
Transfer from equity791/2€10k-
Profit to be distributed694/7€110k€177k▲
Return on contributions (dividend)694€110k€177k▲
The notes to these accounts (8 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
17-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €177k ▲77.3%
Operating result €246k, net result €177k, both a record.
25-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €193k ▲69.8%
3 profitable years in a row build equity to €193k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €114k ▲123%
2 profitable years in a row build equity to €114k.
01-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2020
Ground area
1,359 m²
Building footprint
181 m²
Volume, LiDAR
1,188 m³
Parcel 46028B0188/00M000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IEReCa
since 20202.298.229.908
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46028B0188/00M000 | Flanders | 1,359 m² | 1 · 181 m² | 10.6 m · 2 fl. |
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.
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Of 82,142 companies in sector 70200 we hold annual accounts for 52,371. 6,451 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
77400Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.