IJzerwaar
ActiveIJzerwaar has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €-19k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 81% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency97▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.34 against 3.82 in 2024; short-term debt: 27.6% and cash: 19.6% of total assets), and 27.6% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
72.4%
Return on assets
-29.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-19k
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 01-06-2026, 60 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
60 d early
2024
57 d early
2023
51 d early
2022
49 d early
2021
40 d early
2020
35 d early
2019
31 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 29.0%
2024 · €65k
2018: €9k
2019: €20k
2020: €46k
2021: €70k
2022: €87k
2023: €91k
2024: €65k
2018 → 2025
Total assets
€64k▼ 25.6%
2024 · €86k
2018: €57k
2019: €63k
2020: €69k
2021: €95k
2022: €106k
2023: €112k
2024: €86k
2018 → 2025
Net result
€-19k▲ 28.9%
2024 · €-26k
2018: €-120
2019: €12k
2020: €26k
2021: €24k
2022: €17k
2023: €4k
2024: €-26k
2018 → 2025
Working capital
€41k▼ 29.2%
2024 · €58k
2018: €10k
2019: €20k
2020: €41k
2021: €60k
2022: €76k
2023: €82k
2024: €58k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€70k-€87k▲ 24.8%€91k▲ 4.9%€65k▼ 29.0%€46k▼ 29.0%
Operating result€33k-€27k▼ 18.2%€5k▼ 82.2%€-27k€-18k▲ 32.0%
Net result€24k-€17k▼ 27.8%€4k▼ 75.2%€-26k€-19k▲ 28.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €27k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€5k▼ 27.2%
Current assets
€59k▼ 25.4%
Equity and liabilities €64k
Equity
€46k▼ 29.0%
Debt
€18k▼ 14.6%
The debt ratio rises from 24.1% to 27.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-16k▲
2024 · €-25k
Cash flow
€-17k▲
2024 · €-24k
Solvency
72.4%▼
2024 · 75.9%
Current ratio
3.34▼
2024 · 3.82
Quick ratio
2.24▼
2024 · 2.65
Debt / equity
0.38▲
2024 · 0.32
ROE
-40.9%▼
2024 · -40.8%
ROA
-29.6%▲
2024 · -31.0%
Interest coverage
-13.83▲
2024 · -14.53
Debt
€18k▼
2024 · €21k
Debt ≤ 1 year
€18k▼
2024 · €21k
Income taxes
€0=
2024 · €0
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€86k€64k▼
Formation expenses20€0€0=
Fixed assets21/28€7k€5k▼
Tangible fixed assets22/27€7k€5k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€925€0▼
Other tangible fixed assets26€2k€2k▼
Current assets29/58€79k€59k▼
Stocks and contracts in progress3€24k€19k▼
Stocks30/36€24k€19k▼
Amounts receivable within one year40/41€32k€27k▼
Trade receivables40€21k€17k▼
Other amounts receivable41€11k€10k▼
Cash at bank and in hand54/58€22k€13k▼
Deferred charges and accrued income490/1€69-
Equity and liabilities
Total equity and liabilities10/49€86k€64k▼
Equity10/15€65k€46k▼
Contributions10/11€6k€6k=
Reserves13€82k€82k=
Distributable reserves133€82k€82k=
Profit (loss) carried forward14€-24k€-43k▼
Amounts payable17/49€21k€18k▼
Amounts payable within one year42/48€21k€18k▼
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€12k€8k▼
Taxes450/3€12k€8k▼
Other amounts payable47/48€7k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€419€128▼
Gross operating margin9900€-24k€-16k▲
Operating profit (loss)9901€-27k€-18k▲
Financial income75/76B€2k€519▼
Recurring financial income75€2k€519▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-26k€-19k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€-26k€-19k▲
Profit (loss) for the period to be appropriated9905€-26k€-19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-26k€-43k▼
Profit (loss) brought forward from the previous period14P-€-24k
Transfer from equity791/2€3k-
The notes to these accounts (4 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-26k ▼717%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €26k ▲109%
Operating result €36k, net result €26k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Bilzen-Hoeselt · 1 establishment unit since 2016
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.
Groenstraat 27A3730 Bilzen-HoeseltGround area
869 m²
Building footprint
148 m²
Volume, LiDAR
929 m³
Parcel 73032D0068/00T000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IJzerwaar
since 20162.256.957.002
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73032D0068/00T000 | Flanders | 869 m² | 1 · 148 m² | 9.8 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.
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Of 12,979 companies in sector 47120 we hold annual accounts for 2,186. 1,505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2016
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47910Retail trade
46831Wholesale of construction materials, general range
46841Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.