Result
€45,776 ▼ 66.8%
The result fell in 2025 from €137,956 to €45,776.
IGWT
Overview
Lifetime
2 annual accounts with figures on one time axispeak €201,945 (2024)
€112,446▼ 44.3%
peak €137,956 (2024)
€45,776▼ 66.8%
peak €329,238 (2025)
€329,238▲ 16.1%
€2.4m▲ 161%
Board1 name since 2021
1 directorCRYNEN Valentijn
Documentsfilings and deeds
16-06-202645 days before the deadline
2025abbreviated format
Gross margin from €201,945 to €112,446Result from €137,956 to €45,776Equity from €283,462 to €329,238Debts from €906,238 to €2.4mInvestments €971,848Cash from €58,813 to €599,239
Key points
from the 2025 annual accountsTurnover
≈ €170,000 estimated
The accounts state no turnover.
Debts
€2.4m 88% of the balance sheet
Financial debts 88%Suppliers 2%Taxes and wages 0%Other 11%
€2.1m of the debts are secured on the company's own assets.
Investments
€971,848 294.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.09 was 0.47 in 2024
Short-term debts rose from €247,293 to €312,039.
Position in the sector
€2.7m
Larger balance sheet than 80% of companies in office administrative support. Sector median €687,496 · 2,835 companies.
Checked score
94
Excellent
Financially stronger than 52% of small companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025highest value
03-2025: 1.5%● unchanged vs 02-2025highest value
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.4%▼ -0.1 percentage points vs 05-2025
07-2025: 0.1%▼ -1.3 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026
10-2026: < 0.1%▼ -0.3 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Equity €329,238 (12.2% of total assets)
lowers risk
Size: total assets €2.7m
Sector: Office administrative, office support and other business support activities (NACE 82)
Figures for financial year 2025 (filed on 16-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 21% of them on solvency, 89% on liquidity, 26% on profitability and 72% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as IGWT has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IGWT itself is lower: < 0.1% within 12 months. It rests on far more data about IGWT than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,372 companies, not a prediction for IGWT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.09 (0.47 in 2024), above the usual 1.5. Short-term debt is 11.6% and cash 22.2% of total assets. However, 87.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2829 sector peers (2025).
NBB · sector comparisonPosition among 2829 sector peers
Solvency
better than 24%
← weakest
strongest →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
45 days early
2024
48 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 47 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0776842217
Reappointment: CRYNEN Valentijn (director)
Permanent representative: CRYNEN Valentijn · “Het aanleggen,het uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot…” (deed in Dutch) · Legal-form conversion: from limited partnership to private limited company · Gazette deed
Incorporation
Founding capital of €1,000, 100 shares · Founder: Valentijn Crynen (general partner) · Appointment: Valentijn Crynen (manager) · published on 09-11-2021 · Gazette deed
First establishment
Handelslei 194, Zoersel
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IGWT Zoersel | €2.7m | €112,446 | 12.2% | - |
| Plug and Play Belgium Antwerp | €2.3m | €95,319 | 6.8% | 1.7 |
| HUYS BEHEER Brecht | €2.0m | €109,275 | 8.8% | - |
| Vangramberen Sophie Schilde | €2.5m | €132,162 | 20.4% | - |
| Benelx Invest Antwerp | €2.4m | €101,906 | 0.6% | - |
| Vincent De Moor Antwerp | €2.2m | €160,908 | 40.8% | - |
| JM-INVEST Brecht | €1.8m | €96,992 | 3.1% | - |
These companies have the same main activity as IGWT: other business support services (NACE 82990). They are comparable in size and age: total assets between €1.8m and €2.5m, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 04-11-2021Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.338.043.4582980 Zoersel, since 04-11-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 02-10-2025
Annual accounts 2025
- €112,446▼ 44.3%
- €45,776▼ 66.8%
- €329,238▲ 16.1%
- €2.7m▲ 126%
- Filing
- Filed on 16-06-2026, 45 days before the end of the filing period
Insights on IGWT
The balance sheet grew most in 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 16-06-2026, 45 days before the deadline€112,446
▼ 44.3%
€106,921
▼ 46.0%
€45,776
▼ 66.8%
€339,459
▲ €471,561
12.2%
▼ 11.6 percentage points
2.09
▲ 1.62
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €130,000 and €230,000.
Balance sheet
balance sheet total €2.7m on 31-12-2025What the company ownsHow it is paid for
in euro
in €m
Position in the sector
12.2%
Higher than 24% of 2,829 companies in 2025.
2.09
Higher than 64% of 2,718 companies in 2025.
1.7%
Higher than 40% of 2,776 companies in 2025.
IGWT
Middle half of the sector
80% of the sector
Abbreviated accounts in office administrative support (NACE 82)
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
2.7m | 1.2m | |
21/28 |
2.0m | 1.1m | |
22/27 |
2.0m | 1.1m | |
22 |
368,535 | 368,535 | |
23 |
3,968 | 4,492 | |
27 |
1.7m | 701,481 | |
29/58 |
651,498 | 115,192 | |
40/41 |
50,377 | 52,117 | |
40 |
42,350 | 30,250 | |
41 |
8,027 | 21,867 | |
54/58 |
599,239 | 58,813 | |
490/1 |
1,882 | 4,261 | |
| Balance sheet: equity and liabilities | |||
10/49 |
2.7m | 1.2m | |
10/15 |
329,238 | 283,462 | |
10/11 |
1,000 | 1,000 | |
13 |
328,238 | 282,462 | |
133 |
328,238 | 282,462 | |
17/49 |
2.4m | 906,238 | |
17 |
2.1m | 658,944 | |
170/4 |
2.1m | 658,944 | |
42/48 |
312,039 | 247,293 | |
42 |
75,837 | 10,878 | |
43 |
18,609 | 8,132 | |
430/8 |
18,609 | 8,132 | |
44 |
36,042 | 1,975 | |
440/4 |
36,042 | 1,975 | |
45 |
8,177 | 5,205 | |
450/3 |
8,177 | 5,205 | |
47/48 |
173,373 | 221,103 | |
492/3 |
- | 0 | |
| Income statement | |||
9900 |
112,446 | 201,945 | |
630 |
3,306 | 1,829 | |
640/8 |
2,219 | 2,156 | |
9901 |
106,921 | 197,959 | |
75/76B |
46 | 45 | |
75 |
46 | 45 | |
65/66B |
48,707 | 19,843 | |
65 |
48,707 | 19,843 | |
9903 |
58,260 | 178,161 | |
67/77 |
12,484 | 40,205 | |
9904 |
45,776 | 137,956 | |
9905 |
45,776 | 137,956 | |
| Appropriation of the result | |||
9906 |
45,776 | 137,956 | |
691/2 |
45,776 | 137,956 | |
6921 |
45,776 | 137,956 | |
| Document | |||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2025, 1 entry, €7,500 awarded, €7,500 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 110,227 | 199,788 | ||
| 49,081 | 139,785 | ||
| 971,848 | 597,765 | ||
| 540,426 | - | ||
| 339,459 | -132,102 | ||
| 12.2% | 23.8% | ||
| 2.09 | 0.47 | ||
| 7.18 | 3.20 | ||
| 13.9% | 48.7% | ||
| 1.7% | 11.6% | ||
| 2.26 | 10.07 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 |
|---|---|---|
| Debts secured on the company's own assets | €2.1m | - |
| Mortgages, amount registered | €27,500 | €27,500 |
| €2.3m | €2.3m | |
| Carrying value of the mortgaged assets | €1.7m | €701,481 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €971,848 | €597,765 |
| €3,306 | €1,829 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on IGWT
The operating result for 2025 is 46% lower than in 2024.
Debt's share of the balance-sheet total rises from 76.2% to 87.8%. Equity and debt are higher.
Board & ownership
Board
1 director, no change since November 2021Director
appointed by deed of 09-11-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 16-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 06-06-2024
Mandates through the years
1 name, the dashed line is todayCRYNEN Valentijn
Manager (not named in the articles)
Manager (not named in the articles)
Board
Mandates as a list
- CRYNEN Valentijn
- Manager (not named in the articles), appointed by deed of 09-11-2021, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €3,292 in 2025
- Source
- deed of 09-11-2021
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-06-2024 (in Dutch)
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Zaakvoerder roept vennoten in algemene vergadering samen, eigen vermogen zoals blijkt uit laatste door vennoten goedgekeurde balans…”deed of 09-11-2021 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 19:00deed of 06-06-2024 (in Dutch)
Shareholders
At incorporation
deed of 09-11-2021 ↗
- Valentijn Crynen gecommanditeerde vennoot · 99 shares
Capital transactions
Capital over time
- 06-06-2024 Capital stated in the deed · 100 shares
- 09-11-2021 Incorporation · €1,000 · 100 shares
Network & group
No group
IGWT has no parent and no holdings in its annual accounts. CRYNEN Valentijn is the only director. IGWT shares no director with another company.
At the same address
Handelslei 194, 2980 Zoersel · 2 other companies| UVC
registered office since 30-07-2018 · founded in 2018 |
1.3 FTE (2025) 0700.487.973 |
| Boiy, Sofie (sole trader)
establishment since 01-10-2016 |
founded in 2015 0635.582.305 |
Timeline
Timeline
7 events since 2021Board
Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 45 days before the deadline
2025
Liquidity more than quadruples current ratio 2.09 The current ratio rises from 0.47 to 2.09.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0776842217
Annual accounts 2024 filed PDFmicro format · 48 days before the deadline
2024
Reappointment: CRYNEN Valentijn (director)Permanent representative: CRYNEN Valentijn · “Het aanleggen,het uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot…” (deed in Dutch) · Legal-form conversion: from limited partnership to private limited company9 points ▸
- Legal-form conversion, from limited partnership to private limited company
- Net-asset statement, 31-03-2024
- Auditor report, 02-05-2024
- Purpose change, “Het aanleggen,het uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke…” (deed in Dutch)
- 100 shares
- Registered office clause, Handelslei 194, 2980 Zoersel
- Director reappointment, CRYNEN Valentijn
- Permanent representative, CRYNEN Valentijn
- Power of attorney, Pieter BOEYNAEMS
- The deed holds 4 more points.
2021
IncorporationFounding capital of €1,000, 100 shares · Founder: Valentijn Crynen (general partner) · Appointment: Valentijn Crynen (manager) · published on 09-11-20217 points ▸
- Founding capital, €1,000, 100 shares
- Founder, Valentijn Crynen (general partner)
- Partner, Valentijn Crynen (general partner)
- Valentijn Crynen holds 99 shares
- Capital, €1,000, 100 shares
- Director appointment, Valentijn Crynen (manager (not named in the articles))
- Permanent representative, Meesters Vincent
- The deed holds 3 more points.
First establishment Handelslei 194, Zoersel
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 4 November 2021, IGWT was incorporated by one natural person, with a starting capital of €1,000.12 CRYNEN Valentijn is manager of the company, appointed by deed of 09-11-2021.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0776.842.217
- VAT number
- BE 0776.842.217
- Peppol ID
- 0208:0776842217
- Other Peppol ID
- 9925:BE0776842217
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 04-11-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Saturday of June at 19:00deed of 06-06-2024 (in Dutch)
- Peppol
- Reachable since 02-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- IGWT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 06-06-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 06-06-2024 (in Dutch)
Activities
NACEBEL 202582990
Other business support services main activity
Codes under NACEBEL 2008
82990
Other business support services main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het aanleggen,het uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende…”deed of 09-11-2021 (in Dutch)
5 activities
- Het aanleggen,het uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten
- Het aanleggen,het uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan en verkoop,de huur en verhuur
- Managementactiviteiten van holdings:tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal,enz.
- Activiteiten van hoofdkantoren
- Overige vormen van onderwijs
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Handelslei 194 registered office 2980 Zoersel | 04-11-2021 | 2.338.043.458 |
Buildings and parcels at the address
- Ground area
- 781 m²
- Buildings
- 168 m²
- Volume, LiDAR
- 937 m³
- Tallest building
- 9.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11453I0171/00P008 | 781 m² | 1 · 167 m² | 9.2 m · 1 |