Iforge
ActiveIforge has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €350k and a net result of €200k. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 9095 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+15
Solvency53▼-43
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 3.21 in 2024), and 71.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
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
28.3%
Return on assets
16.1%
Age of the figures
8 mo
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
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 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
15 d early
2023
13 d early
2022
39 d early
2021
37 d early
2020
16 d early
2019
17 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€350k▲ 50.7%
2024 · €232k
2019: €140k
2020: €145k
2021: €152k
2022: €158k
2023: €193k
2024: €232k
2019 → 2025
Total assets
€1.24M▲ 184%
2024 · €436k
2019: €566k
2020: €430k
2021: €427k
2022: €428k
2023: €412k
2024: €436k
2019 → 2025
Net result
€200k▲ 407%
2024 · €39k
2019: €-10k
2020: €5k
2021: €7k
2022: €6k
2023: €35k
2024: €39k
2019 → 2025
Working capital
€65k▼ 17.7%
2024 · €79k
2019: €9k
2020: €12k
2021: €22k
2022: €31k
2023: €40k
2024: €79k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€158k▲ 4.2%€193k▲ 21.9%€232k▲ 20.4%€350k▲ 50.7%
Operating result€13k-€13k▲ 5.3%€52k▲ 295%€64k▲ 22.2%€282k▲ 343%
Net result€7k-€6k▼ 9.6%€35k▲ 448%€39k▲ 13.8%€200k▲ 407%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 343% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€1.00M▲ 211%
Current assets
€236k▲ 106%
Equity and liabilities €1.24M
Equity
€350k▲ 50.7%
Debt
€888k▲ 335%
The debt ratio rises from 46.8% to 71.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€340k▲
2024 · €84k
Cash flow
€257k▲
2024 · €60k
Solvency
28.3%▼
2024 · 53.2%
Current ratio
1.38▼
2024 · 3.21
Quick ratio
1.38▼
2024 · 3.21
Debt / equity
2.54▲
2024 · 0.88
ROE
57.1%▲
2024 · 17.0%
ROA
16.1%▲
2024 · 9.0%
Interest coverage
15.16▲
2024 · 7.90
Debt
€888k▲
2024 · €204k
Debt ≤ 1 year
€171k▲
2024 · €36k
Debt > 1 year
€712k▲
2024 · €165k
Income taxes
€60k▲
2024 · €14k
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€436k€1.24M▲
Fixed assets21/28€322k€1.00M▲
Tangible fixed assets22/27€322k€1.00M▲
Land and buildings22€320k€1.00M▲
Plant, machinery and equipment23€2k€1k▼
Current assets29/58€114k€236k▲
Amounts receivable after more than one year29-€50k
Other amounts receivable291-€50k
Amounts receivable within one year40/41€18k€53k▲
Trade receivables40€5k€28k▲
Other amounts receivable41€13k€26k▲
Cash at bank and in hand54/58€97k€132k▲
Equity and liabilities
Total equity and liabilities10/49€436k€1.24M▲
Equity10/15€232k€350k▲
Contributions10/11€150k€150k=
Reserves13€82k€200k▲
Distributable reserves133€82k€200k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€204k€888k▲
Amounts payable after more than one year17€165k€712k▲
Financial debts170/4€165k€712k▲
Amounts payable within one year42/48€36k€171k▲
Current portion of amounts payable after more than one year42€18k€75k▲
Financial debts43-€558
Credit institutions430/8-€558
Trade debts44€2k€29k▲
Suppliers440/4€2k€29k▲
Taxes, remuneration and social security45€910€883▼
Taxes450/3€910€883▼
Other amounts payable47/48€14k€65k▲
Accrued charges and deferred income492/3€4k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€57k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€87k€343k▲
Operating profit (loss)9901€64k€282k▲
Financial charges65/66B€11k€22k▲
Recurring financial charges65€11k€22k▲
Profit (loss) for the period before taxes9903€53k€260k▲
Income taxes67/77€14k€60k▲
Profit (loss) for the period9904€39k€200k▲
Profit (loss) for the period to be appropriated9905€39k€200k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€200k▲
Transfer from equity791/2-€82k
Transfer to equity691/2€39k€200k▲
To other reserves6921€39k€200k▲
Profit to be distributed694/7-€82k
Return on contributions (dividend)694-€82k
The notes to these accounts (12 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2019net €200k ▲407%
Operating result €282k, net result €200k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €232k ▲20.4%
5 profitable years in a row build equity to €232k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150kEq €152k ▲4.8%
2 profitable years in a row build equity to €152k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortrijk · 1 establishment unit since 2018
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.
Leuzestraat(Bel) 948510 KortrijkGround area
2,712 m²
Building footprint
360 m²
Volume, LiDAR
1,514 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Iforge
since 20182.273.742.950
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34005B0241/00G000 | Flanders | 2,468 m² | 1 · 262 m² | 10.5 m · 1 fl. |
| 34323D1459/00D003 | Flanders | 244 m² | 1 · 98 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ADK INVEST
BE 0474.058.103
Leuven · Eq €350k
IVLC IMMO
BE 0849.842.338
Ukkel · Eq €350k
J.N.H.
BE 0872.717.314
Ninove · Eq €350k
LOMACO
BE 0433.203.483
Moorslede · Eq €350k
ADOC CONSULTING
BE 0467.117.059
Chaumont-Gistoux · Eq €350k
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,994 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-2018
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.