Financials
- Fiscal year
- 2025
- Total assets
- €2.6m
- Loss
- -€1.3m
- Solvency
- -13.6%
iFLUX
ActiveSummary
The computed 12-month bankruptcy probability of iFLUX is 2.6% (moderate). The 2025 annual accounts show negative equity (-€356,024) and a net result of -€1.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 217 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Other research and development on natural sciences
NACE 72109Engineering and related technical consultancy, excluding land surveyors NACE 71121NACE 72190
#10 company by total assets in Niel, Professional and technical services sector1 site
Size
€2.6mtotal assets 2025
- Staff
- 11.4 FTE
- Equity
- -€356,024
- Loss
- -€1.3m
Structure
- Largest shareholder
- Participatiemaatschappij Vlaanderen · 22.79%
- Board
- 6 members
Auditor: Finvision Bedrijfsrevisoren AntwerpenAccounts 30 d early
Why 50- Negative equity -€356,024- Loss of €1.3m, the second in a row (FY 2025)+ Sector Scientific research and development (NACE 72)+ Figures for FY 2025 (filed 01-07-2026)Show the evidence
Checked score
Score 2025
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 15% of its sector peers (NACE 72, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
11-45
equity -13.6% of total assets
Liquidity
48-9
short-term debt 16.4% · cash 1.7%
Profitability
0=
return on assets -50.0%
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 16 months
07-2025: 0.7%lowest value
08-2025: 0.7%▲ +6.1% vs 07-2025
09-2025: 0.7%● 0.0% vs 08-2025
10-2025: 0.7%● 0.0% vs 09-2025
11-2025: 0.8%▲ +2.6% vs 10-2025
12-2025: 0.7%▼ -2.3% vs 11-2025
01-2026: 0.7%▼ -0.7% vs 12-2025
02-2026: 0.7%● 0.0% vs 01-2026
03-2026: 0.8%▲ +11.2% vs 02-2026
04-2026: 0.9%▲ +13.5% vs 03-2026
05-2026: 1.0%▲ +5.0% vs 04-2026
06-2026: 1.0%▲ +7.1% vs 05-2026
07-2026: 1.1%▲ +7.5% vs 06-2026
08-2026: 2.6%▲ +135% vs 07-2026highest value
09-2026: 2.6%● 0.0% vs 08-2026highest value
10-2026: 2.6%● 0.0% vs 09-2026highest value
- Negative equity -€356,024 raises the probability
- Loss of €1.3m, the second in a row (FY 2025) raises the probability
- Sector Scientific research and development (NACE 72) lowers the probability
- Figures for FY 2025 (filed 01-07-2026) lowers the probability
No credit on open account
Liquidity ample (current ratio 2.66 against 3.03 in 2024; short-term debt: 16.4% and cash: 1.7% of total assets), but equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 72, small). Better than this share of them on solvency 10%, liquidity 33%, profitability 12%, growth against the median 6%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€356,024
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 01-07-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
42 d early
2023
42 d early
2022
24 d early
2021
24 d early
2020
19 d early
2019
22 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% 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. Usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Capital & sharesFinancial instrument · Capital increase…
- Annual accounts filedfiscal year 2025 · full…
- Resignation: Participatiemaatschappij Vlaanderen NV (director)Power of attorney
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€356,024 View
- Risk: 8 loss-making years in a rowloss fiscal year 2025 -€1.3m View
- Caution: Among the weakest 9% on equitysector median €1.4m · 217 companies -€356,024 View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- EU supportawarded 2022 - 2025 €3.0m View
- A director leftlatest change 06-02-2026 · 6 in office 1 left View
By topic
Board & ownership
- Board
- 6 members
- Largest shareholder
- Participatiemaatschappij Vlaanderen · 22.79%
- Auditor
- Finvision Bedrijfsrevisoren Antwerpen
Go to Board & ownership
Network & group
- Connected companies
- 44
Timeline
- Events
- 31
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-07-2026Capital & shares
- 01-07-2026Annual accounts filed
- 02-06-2026Resignation: Participatiemaatschappij Vlaanderen NV (director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Other research and development on natural sciencesNACE 72109
- Founded
- 30-10-2017
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- Zowel in België als in het buitenland, voor eigen rekening of voor rekening van der-den…
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