Summary
IFC Services is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €12.0m and a net result of -€45,690. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 78% of 5565 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
50 d early
2023
21 d early
2022
47 d early
2021
42 d early
2020
3 d late
2019
16 d late
← 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 21 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
€12.0m▼ 0.4%
2024 · €12.0m
Net result
-€45,690
2024 · €556,561
Total assets
€14.4m▼ 1.0%
2024 · €14.5m
Solvency
83.1%▲ 0.5pp
2024 · 82.6%
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€329,922▼ 18.0%€12,673▼ 96.2%€244,732▲ 1,831%€794,624▲ 225%-€27,107
Net result€327,082▼ 3.6%€36,440▼ 88.9%€3.0m▲ 8,019%€556,561▼ 81.2%-€45,690
Equity€8.5m▲ 4.0%€8.5m▲ 0.4%€11.4m▲ 34.6%€12.0m▲ 5.0%€12.0m▼ 0.4%
Total assets€9.6m▲ 1.6%€10.1m▲ 4.7%€13.1m▲ 29.9%€14.5m▲ 11.0%€14.4m▼ 1.0%
Debt€1.2m▼ 13.2%€1.6m▲ 35.6%€1.7m▲ 4.9%€2.5m▲ 52.3%€2.4m▼ 3.7%
Working capital€2.3m▲ 7.8%€883,591▼ 60.9%€3.4m▲ 280%€311,462▼ 90.7%€692,876▲ 122%
Solvency87.9%▲ 2.1pp84.3%▼ 3.6pp87.3%▲ 3.0pp82.6%▼ 4.7pp83.1%▲ 0.5pp
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result -81% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
- 2022 Net result -89% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €27,107 after €794,624 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.4m
Fixed assets
€12.2m ▼ 4.0%
Current assets
€2.2m ▲ 20.1%
Equity and liabilities €14.4m
Equity
€12.0m ▼ 0.4%
Debt
€2.4m ▼ 3.7%
Debt's share of the balance-sheet total falls from 17.4% to 16.9%. Equity and debt are lower.
Key figures and ratios
ROE
-0.4%▼
2024 · 4.6%
ROA
-0.3%▼
2024 · 3.8%
Debt ≤ 1 year
€1.5m▼
2024 · €1.5m
Debt > 1 year
€878,206▼
2024 · €965,137
Income taxes
€402▼
2024 · €265,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180,881 | €295,817 | €305,453 | €623,533 | €218,702 | ▼ 64.9% |
| Other operating charges640/8 | €21,895 | €22,651 | €27,195 | €34,917 | €15,135 | ▼ 56.7% |
| Non-recurring operating charges66A | - | - | - | - | €82,111 | - |
| Gross operating margin9900 | €532,698 | €331,141 | €577,380 | €1.5m | €288,841 | ▼ 80.1% |
| Operating profit (loss)9901 | €329,922 | €12,673 | €244,732 | €794,624 | -€27,107 | ▼ 103% |
| Financial income75/76B | €116,232 | €61,598 | €2.8m | €122,632 | €52,841 | ▼ 56.9% |
| Recurring financial income75 | €116,232 | €61,598 | €73,292 | €122,632 | €52,841 | ▼ 56.9% |
| Non-recurring financial income76B | - | - | €2.8m | €0 | - | - |
| Financial charges65/66B | €25,507 | €22,282 | €25,831 | €95,254 | €71,023 | ▼ 25.4% |
| Recurring financial charges65 | €25,507 | €22,282 | €25,831 | €95,254 | €71,023 | ▼ 25.4% |
| Profit (loss) for the period before taxes9903 | €420,647 | €51,990 | €3.1m | €822,002 | -€45,288 | ▼ 106% |
| Income taxes67/77 | €93,565 | €15,550 | €94,959 | €265,441 | €402 | ▼ 99.8% |
| Profit (loss) for the period9904 | €327,082 | €36,440 | €3.0m | €556,561 | -€45,690 | ▼ 108% |
| Transfer from tax-exempt reserves789 | €310,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €637,082 | €36,440 | €3.0m | €556,561 | -€45,690 | ▼ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.6m | €10.1m | €13.1m | €14.5m | €14.4m | ▼ 1.0% |
| Fixed assets21/28 | €7.2m | €8.5m | €9.2m | €12.7m | €12.2m | ▼ 4.0% |
| Tangible fixed assets22/27 | €5.3m | €6.2m | €6.8m | €8.5m | €8.1m | ▼ 4.6% |
| Land and buildings22 | €4.9m | €5.4m | €6.1m | €7.9m | €7.5m | ▼ 4.8% |
| Plant, machinery and equipment23 | €42,653 | €35,975 | €53,277 | - | - | - |
| Furniture and vehicles24 | €405,709 | €694,835 | €666,202 | €637,532 | €623,676 | ▼ 2.2% |
| Financial fixed assets28 | €1.9m | €2.3m | €2.4m | €4.2m | €4.1m | ▼ 2.8% |
| Current assets29/58 | €2.4m | €1.6m | €3.9m | €1.8m | €2.2m | ▲ 20.1% |
| Amounts receivable after more than one year29 | €1.4m | €842,791 | €340,852 | €317,140 | €321,675 | ▲ 1.4% |
| Other amounts receivable291 | €1.4m | €842,791 | €340,852 | €317,140 | €321,675 | ▲ 1.4% |
| Amounts receivable within one year40/41 | €226,943 | €68,480 | €34,242 | €37,701 | €35,179 | ▼ 6.7% |
| Trade receivables40 | €226,943 | €44,029 | €17,955 | €25,101 | €26,996 | ▲ 7.5% |
| Other amounts receivable41 | - | €24,450 | €16,287 | €12,600 | €8,183 | ▼ 35.1% |
| Current investments50/53 | - | - | - | €1.3m | €1.5m | ▲ 20.0% |
| Cash at bank and in hand54/58 | €814,176 | €665,674 | €3.5m | €234,543 | €346,740 | ▲ 47.8% |
| Deferred charges and accrued income490/1 | €17,276 | €8,014 | €7,205 | €8,645 | €16,011 | ▲ 85.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.6m | €10.1m | €13.1m | €14.5m | €14.4m | ▼ 1.0% |
| Equity10/15 | €8.5m | €8.5m | €11.4m | €12.0m | €12.0m | ▼ 0.4% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €18,900 | €18,900 | = |
| Reserves13 | €8.1m | €8.2m | €8.1m | €8.7m | €8.7m | = |
| Non-distributable reserves130/1 | €1,890 | €1,890 | €1,890 | €0 | - | - |
| Reserves not available under the articles1311 | €1,890 | €1,890 | €1,890 | €0 | - | - |
| Tax-exempt reserves132 | €210,500 | €210,500 | - | - | - | - |
| Distributable reserves133 | €7.9m | €7.9m | €8.1m | €8.7m | €8.7m | = |
| Profit (loss) carried forward14 | €327,082 | €327,082 | €3.3m | €3.3m | €3.2m | ▼ 1.4% |
| Amounts payable17/49 | €1.2m | €1.6m | €1.7m | €2.5m | €2.4m | ▼ 3.7% |
| Amounts payable after more than one year17 | €959,710 | €833,994 | €1.0m | €965,137 | €878,206 | ▼ 9.0% |
| Financial debts170/4 | €932,865 | €807,548 | €1.0m | €944,827 | €855,338 | ▼ 9.5% |
| Other amounts payable178/9 | €26,845 | €26,445 | €26,385 | €20,310 | €22,868 | ▲ 12.6% |
| Amounts payable within one year42/48 | €156,294 | €701,368 | €560,358 | €1.5m | €1.5m | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €74,438 | €75,323 | €84,481 | €88,087 | €89,489 | ▲ 1.6% |
| Trade debts44 | €23,145 | €7,201 | €1,919 | €54,296 | €41,801 | ▼ 23.0% |
| Suppliers440/4 | €23,145 | €7,201 | €1,919 | €54,296 | €41,801 | ▼ 23.0% |
| Taxes, remuneration and social security45 | €53,124 | €13,488 | €3,643 | €22,541 | €12,865 | ▼ 42.9% |
| Taxes450/3 | €53,124 | €10,405 | €3,643 | €22,541 | €10,065 | ▼ 55.3% |
| Remuneration and social security454/9 | - | €3,083 | - | - | €2,800 | - |
| Other amounts payable47/48 | €5,586 | €605,356 | €470,314 | €1.4m | €1.4m | ▲ 0.8% |
| Accrued charges and deferred income492/3 | €52,848 | €49,708 | €54,294 | €30,321 | €34,399 | ▲ 13.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €327,082 | €36,440 | €3.0m | €556,561 | -€45,690 | ▼ 108% |
| + Depreciation and write-downs630 | €180,881 | €295,817 | €305,453 | €623,533 | €218,702 | ▼ 64.9% |
| Operating cash flow (approximation) | €507,963 | €332,257 | €3.3m | €1.2m | €173,012 | ▼ 85.3% |
| Investment in fixed assets (approximation) | - | -€1.6m | -€989,725 | -€4.1m | €291,255 | ▲ 107% |
| Change in cash | - | -€148,502 | €2.9m | -€3.3m | €112,196 | ▲ 103% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€45,690
Net result drops to -€45,690, the lowest in the series.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €3.0m ▲8,019%
Net result €3.0m, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.99
Current ratio from 2.26 to 6.99; short-term debt falls from €701,368 to €560,358.
31-12
Financial
Equity above €10mEq €11.4m ▲34.6%
6 profitable years in a row build equity to €11.4m.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 3 days late
2020
16-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 16 days late
2019
31-12
Financial
Liquidity times 5current ratio 38.93
Current ratio from 8.14 to 38.93; short-term debt falls from €503,522 to €109,860.
Show earlier events
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 2 days late
2018
20-07
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
22-01
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
22-01
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
2017
09-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2015
10-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
16-06
State Gazette act
General meeting · Director appointment
Director resignation
2013
10-07
State Gazette act
General meeting · Director reappointment
Auditor reappointment
25-03
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2012
28-09
State Gazette act
Board meeting · Director resignation
Director appointment
Financial milestoneState Gazette actNBB 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, Sint-Martens-Latem · 1 establishment unit since 2012
Ground area
2,392 m²
Building footprint
318 m²
Volume, LiDAR
14 m³
Parcel 44015A0278/00N000, Flanders · tallest building 2.3 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
IFC Services
since 20122.206.787.711
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44015A0278/00N000 | Flanders | 2,392 m² | 1 · 318 m² | 2.3 m |
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.
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
- MdB PartnerssubsidiarySourceown accounts 202560%
- Cranepod LTDIESourceown accounts 202516.5%
-
10.02%
According to the 2025 annual accounts of IFC Services and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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Identification & contact
Identification
Legal formPrivate limited company
Founded26-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
71121Engineering and related technical consultancy, excluding land surveyors
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843336905
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.