iFirma
ActiveSummary
iFirma has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €776k and a net result of €360k. Equity is growing by ~46.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+79
Solvency66▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.39 in 2024; short-term debt: 57.1% and cash: 26.4% of total assets), and 58.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
41.2%
Return on assets
19.1%
Age of the figures
9 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
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 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
on the day
2023
47 d late
2022
11 d early
2021
27 d early
2020
21 d early
2019
93 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€776k▲ 37.2%
2024 · €565k
2018: €-47k
2019: €33k
2020: €197k
2021: €225k
2022: €231k
2023: €171k
2024: €565k
2018 → 2025
Total assets
€1.88M▲ 33.2%
2024 · €1.41M
2018: €202k
2019: €278k
2020: €497k
2021: €584k
2022: €980k
2023: €953k
2024: €1.41M
2018 → 2025
Net result
€360k
2024 · €-106k
2018: €39k
2019: €81k
2020: €14k
2021: €28k
2022: €6k
2023: €-59k
2024: €-106k
2018 → 2025
Working capital
€424k▲ 41.0%
2024 · €301k
2018: €-76k
2019: €-3k
2020: €147k
2021: €150k
2022: €51k
2023: €-84k
2024: €301k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€225k-€231k▲ 2.5%€171k▼ 25.7%€565k▲ 230%€776k▲ 37.2%
Operating result€65k-€37k▼ 42.9%€-41k€-95k▼ 131%€492k
Net result€28k-€6k▼ 80.1%€-59k€-106k▼ 79.1%€360k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €492k after a loss of €95k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€385k ▲ 11.7%
Current assets
€1.50M ▲ 40.1%
Equity and liabilities €1.88M
Equity
€776k ▲ 37.2%
Debt
€1.11M ▲ 30.5%
Debt's share of the balance-sheet total falls from 60.0% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€625k▲
2024 · €26k
Cash flow
€493k▲
2024 · €14k
Current ratio
1.39▲
2024 · 1.39
Debt to equity
1.43▼
2024 · 1.50
ROE
46.5%▲
2024 · -18.8%
ROA
19.1%▲
2024 · -7.5%
Interest coverage
10.18▲
2024 · 0.59
Debt ≤ 1 year
€1.08M▲
2024 · €769k
Debt > 1 year
€33k▼
2024 · €80k
Income taxes
€102k▲
2024 · €6k
Staff costs
€1.75M▲
2024 · €1.70M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.41M€1.88M▲
Fixed assets21/28€344k€385k▲
Intangible fixed assets21€141k€242k▲
Tangible fixed assets22/27€169k€108k▼
Plant, machinery and equipment23€9k€5k▼
Furniture and vehicles24€157k€101k▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€35k€35k=
Current assets29/58€1.07M€1.50M▲
Amounts receivable within one year40/41€358k€617k▲
Trade receivables40€326k€552k▲
Other amounts receivable41€32k€65k▲
Current investments50/53-€302k
Cash at bank and in hand54/58€639k€498k▼
Deferred charges and accrued income490/1€73k€82k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.88M▲
Equity10/15€565k€776k▲
Contributions10/11€669k€669k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-105k€105k▲
Amounts payable17/49€849k€1.11M▲
Amounts payable after more than one year17€80k€33k▼
Financial debts170/4€80k€33k▼
Amounts payable within one year42/48€769k€1.08M▲
Current portion of amounts payable after more than one year42€177k€271k▲
Trade debts44€322k€350k▲
Suppliers440/4€322k€350k▲
Taxes, remuneration and social security45€250k€304k▲
Taxes450/3€82k€87k▲
Remuneration and social security454/9€168k€218k▲
Other amounts payable47/48€20k€150k▲
Income statement
Code20242025
Non-recurring operating income76A-€16k
Remuneration, social security and pensions62€1.70M€1.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€121k€133k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k€10k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€1.74M€2.39M▲
Operating profit (loss)9901€-95k€492k▲
Financial income75/76B€39k€32k▼
Recurring financial income75€39k€32k▼
Financial charges65/66B€45k€61k▲
Recurring financial charges65€45k€61k▲
Profit (loss) for the period before taxes9903€-100k€463k▲
Income taxes67/77€6k€102k▲
Profit (loss) for the period9904€-106k€360k▲
Profit (loss) for the period to be appropriated9905€-106k€360k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-105k€255k▲
Profit (loss) brought forward from the previous period14P€1k€-105k▼
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)908732.433.1▲
The notes to these accounts (22 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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €360k
Net result €360k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-106k
Net result drops to €-106k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500kEq €565k ▲230%
Equity rises from €171k to €565k.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 47 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €225k ▲14.3%
4 profitable years in a row build equity to €225k.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €197k ▲494%
3 profitable years in a row build equity to €197k.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 169 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 77 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Zedelgem · 1 establishment unit since 2014
Cannot be placed on the map
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.
Torhoutsesteenweg 1748210 ZedelgemGround area
820 m²
Building footprint
551 m²
Volume, LiDAR
2,956 m³
Parcel 31040D0476/00F000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Keurfirma
since 20142.227.339.140
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31040D0476/00F000 | Flanders | 820 m² | 1 · 551 m² | 8.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 24,301 EUR awarded · 24,301 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,401 EUR | 5,401 EUR |
| 2024 | 2 | 8,352 EUR | 8,352 EUR |
| 2023 | 1 | 6,856 EUR | 6,856 EUR |
| 2022 | 1 | 3,692 EUR | 3,692 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 626 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.