IFCI
ActiveSummary
IFCI has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,639 and a net result of -€106. Equity is shrinking by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 36 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 6,916 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,250 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,000 | €2,035 | €1,638 | €224 | €224 | = |
| Other operating charges640/8 | - | €300 | - | - | - | - |
| Gross operating margin9900 | -€3,970 | €10,191 | -€3,054 | €1,816 | €201 | ▼ 88.9% |
| Operating profit (loss)9901 | -€5,970 | €7,856 | -€4,692 | €1,592 | -€23 | ▼ 101% |
| Financial income75/76B | - | €76 | €6 | €29 | €39 | ▲ 30.9% |
| Recurring financial income75 | €78 | €76 | €6 | €29 | €39 | ▲ 30.9% |
| Financial charges65/66B | - | €237 | €801 | €122 | €121 | ▼ 0.8% |
| Recurring financial charges65 | €48 | €237 | €801 | €122 | €121 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | -€5,939 | €7,695 | -€5,487 | €1,499 | -€106 | ▼ 107% |
| Profit (loss) for the period9904 | -€5,939 | €7,695 | -€5,487 | €1,499 | -€106 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€5,939 | €7,695 | -€5,487 | €1,499 | -€106 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15,781 | €16,417 | €11,493 | €15,781 | €11,928 | ▼ 24.4% |
| Fixed assets21/28 | €3,414 | €2,500 | €862 | €637 | €413 | ▼ 35.2% |
| Tangible fixed assets22/27 | €3,414 | €2,500 | €862 | €637 | €413 | ▼ 35.2% |
| Furniture and vehicles24 | - | €2,500 | €862 | €637 | €413 | ▼ 35.2% |
| Current assets29/58 | €12,367 | €13,917 | €10,631 | €15,144 | €11,515 | ▼ 24.0% |
| Stocks and contracts in progress3 | - | €416 | €416 | - | - | - |
| Stocks30/36 | - | €416 | €416 | - | - | - |
| Amounts receivable within one year40/41 | €5,776 | €5,636 | €5,456 | €6,862 | €5,225 | ▼ 23.9% |
| Trade receivables40 | - | €1,691 | €1,936 | €3,425 | - | - |
| Other amounts receivable41 | - | €3,945 | €3,521 | €3,438 | €5,225 | ▲ 52.0% |
| Cash at bank and in hand54/58 | €6,591 | €7,865 | €4,759 | €8,282 | €6,290 | ▼ 24.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15,781 | €16,417 | €11,493 | €15,781 | €11,928 | ▼ 24.4% |
| Equity10/15 | €8,038 | €15,733 | €10,246 | €11,745 | €11,639 | ▼ 0.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €34 | €34 | €34 | €34 | €34 | = |
| Non-distributable reserves130/1 | - | €34 | €34 | €34 | €34 | = |
| Legal reserve130 | - | €34 | €34 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €34 | €34 | = |
| Profit (loss) carried forward14 | -€10,596 | -€2,901 | -€8,388 | -€6,889 | -€6,995 | ▼ 1.5% |
| Amounts payable17/49 | €7,743 | €684 | €1,247 | €4,036 | €289 | ▼ 92.8% |
| Amounts payable within one year42/48 | €7,743 | €684 | €1,247 | €4,036 | €289 | ▼ 92.8% |
| Trade debts44 | €7,194 | €476 | €958 | €3,747 | - | - |
| Suppliers440/4 | - | €476 | €958 | €3,747 | - | - |
| Other amounts payable47/48 | - | €208 | €289 | €289 | €289 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,939 | €7,695 | -€5,487 | €1,499 | -€106 | ▼ 107% |
| + Depreciation and write-downs630 | €2,000 | €2,035 | €1,638 | €224 | €224 | = |
| Operating cash flow (approximation) | -€3,939 | €9,730 | -€3,849 | €1,723 | €118 | ▼ 93.1% |
| Investment in fixed assets (approximation) | - | -€1,121 | €0 | €0 | €0 | - |
| Change in cash | - | €1,275 | -€3,106 | €3,523 | -€1,992 | ▼ 157% |
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
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About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Bourgys (Henri) 221410 Waterloo1 establishment unit
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.