ILFRA
ActiveSummary
ILFRA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-67k) and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+30
Solvency17▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.48 against 0.91 in 2024; short-term debt: 21.7% and cash: 13% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
-7.8%
Return on assets
1.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-01-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
4 d early
2023
1 d early
2022
8 d early
2021
5 d early
2020
3 d early
2019
2 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-67k▲ 15.5%
2024 · €-79k
2019: €34khighest in 7 years
2020: €28k▼ -17.6% vs 2019
2021: €23k▼ -17.2% vs 2020
2022: €12k▼ -49.1% vs 2021
2023: €-2k▼ -120% vs 2022
2024: €-79k▼ -3140% vs 2023lowest in 7 years
2025: €-67k▲ +15.5% vs 2024
2019 → 2025
Total assets
€853k▼ 6.3%
2024 · €911k
2019: €194k
2020: €323k▲ +67.1% vs 2019
2021: €154k▼ -52.5% vs 2020lowest in 7 years
2022: €388k▲ +152% vs 2021
2023: €565k▲ +45.6% vs 2022
2024: €911k▲ +61.1% vs 2023highest in 7 years
2025: €853k▼ -6.3% vs 2024
2019 → 2025
Net result
€12k
2024 · €-77k
2019: €-9k
2020: €-6k▲ +29.6% vs 2019
2021: €-5k▲ +19.6% vs 2020
2022: €-12k▼ -137% vs 2021
2023: €-14k▼ -25.0% vs 2022
2024: €-77k▼ -431% vs 2023lowest in 7 years
2025: €12k▲ +116% vs 2024highest in 7 years
2019 → 2025
Working capital
€642k
2024 · €-82k
2019: €64k
2020: €130k▲ +104% vs 2019
2021: €149k▲ +14.3% vs 2020
2022: €382k▲ +157% vs 2021
2023: €7k▼ -98.2% vs 2022
2024: €-82k▼ -1320% vs 2023lowest in 7 years
2025: €642k▲ +883% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€12k▼ 49.1%€-2k€-79k▼ 3,140%€-67k▲ 15.5%
2021: €23khighest in 5 years
2022: €12k▼ -49.1% vs 2021
2023: €-2k▼ -120% vs 2022
2024: €-79k▼ -3140% vs 2023lowest in 5 years
2025: €-67k▲ +15.5% vs 2024
Operating result€3k-€-11k€-9k▲ 21.2%€-59k▼ 579%€30k
2021: €3k
2022: €-11k▼ -443% vs 2021
2023: €-9k▲ +21.2% vs 2022
2024: €-59k▼ -579% vs 2023lowest in 5 years
2025: €30k▲ +151% vs 2024highest in 5 years
Net result€-5k-€-12k▼ 137%€-14k▼ 25.0%€-77k▼ 431%€12k
2021: €-5k
2022: €-12k▼ -137% vs 2021
2023: €-14k▼ -25.0% vs 2022
2024: €-77k▼ -431% vs 2023lowest in 5 years
2025: €12k▲ +116% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €30k after a loss of €59k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €853k
Fixed assets
€26k ▼ 21.3%
Current assets
€827k ▼ 5.8%
Key figures and ratios
EBITDA
€37k▲
2024 · €-54k
Cash flow
€19k▲
2024 · €-71k
Solvency
-7.8%▲
2024 · -8.7%
Current ratio
4.48▲
2024 · 0.91
Quick ratio
0.75▲
2024 · 0.04
Debt to equity
-13.78▼
2024 · -12.53
ROA
1.4%▲
2024 · -8.4%
Interest coverage
2.09▲
2024 · -3.17
Debt
€920k▼
2024 · €990k
Debt ≤ 1 year
€185k▼
2024 · €960k
Debt > 1 year
€735k▲
2024 · €30k
Income taxes
€193▲
2024 · €183
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€911k€853k▼
Fixed assets21/28€33k€26k▼
Tangible fixed assets22/27€33k€26k▼
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€815€815=
Furniture and vehicles24€24k€18k▼
Current assets29/58€878k€827k▼
Stocks and contracts in progress3€841k€689k▼
Stocks30/36€841k€689k▼
Amounts receivable within one year40/41€35k€27k▼
Trade receivables40€10k-
Other amounts receivable41€25k€27k▲
Cash at bank and in hand54/58-€111k
Deferred charges and accrued income490/1€1k€170▼
Equity and liabilities
Total equity and liabilities10/49€911k€853k▼
Equity10/15€-79k€-67k▲
Contributions10/11€75k€75k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-156k€-144k▲
Amounts payable17/49€990k€920k▼
Amounts payable after more than one year17€30k€735k▲
Financial debts170/4€30k€735k▲
Amounts payable within one year42/48€960k€185k▼
Financial debts43€221k-
Other loans439€221k-
Trade debts44€9k€160k▲
Suppliers440/4€9k€160k▲
Taxes, remuneration and social security45€2k€25k▲
Taxes450/3€2k€25k▲
Other amounts payable47/48€729k-
Income statement
Code20242025
Non-recurring operating income76A€9k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-52k€38k▲
Operating profit (loss)9901€-59k€30k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€-76k€12k▲
Income taxes67/77€183€193▲
Profit (loss) for the period9904€-77k€12k▲
Profit (loss) for the period to be appropriated9905€-77k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-156k€-144k▲
Profit (loss) brought forward from the previous period14P€-80k€-156k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | €6k | €7k | ▲ 20.0% |
| Other operating charges640/8 | - | €643 | €579 | €1k | €1k | ▼ 9.2% |
| Gross operating margin9900 | €4k | €-10k | €-6k | €-52k | €38k | ▲ 174% |
| Operating profit (loss)9901 | €3k | €-11k | €-9k | €-59k | €30k | ▲ 151% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | - | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €412 | €6k | €17k | €18k | ▲ 5.0% |
| Recurring financial charges65 | €8k | €412 | €6k | €17k | €18k | ▲ 5.0% |
| Profit (loss) for the period before taxes9903 | €-5k | €-12k | €-14k | €-76k | €12k | ▲ 116% |
| Income taxes67/77 | €73 | - | - | €183 | €193 | ▲ 5.3% |
| Profit (loss) for the period9904 | €-5k | €-12k | €-14k | €-77k | €12k | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-12k | €-14k | €-77k | €12k | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154k | €388k | €565k | €911k | €853k | ▼ 6.3% |
| Fixed assets21/28 | - | - | €21k | €33k | €26k | ▼ 21.3% |
| Tangible fixed assets22/27 | - | - | €21k | €33k | €26k | ▼ 21.3% |
| Land and buildings22 | - | - | - | €8k | €7k | ▼ 11.9% |
| Plant, machinery and equipment23 | - | - | €815 | €815 | €815 | = |
| Furniture and vehicles24 | - | - | €20k | €24k | €18k | ▼ 25.1% |
| Current assets29/58 | €154k | €388k | €544k | €878k | €827k | ▼ 5.8% |
| Stocks and contracts in progress3 | - | €299k | €346k | €841k | €689k | ▼ 18.1% |
| Stocks30/36 | - | €299k | €346k | €841k | €689k | ▼ 18.1% |
| Amounts receivable within one year40/41 | €11k | €20k | €36k | €35k | €27k | ▼ 24.7% |
| Trade receivables40 | - | €19k | €10k | €10k | - | - |
| Other amounts receivable41 | - | €948 | €26k | €25k | €27k | ▲ 6.4% |
| Cash at bank and in hand54/58 | €143k | €69k | €160k | - | €111k | - |
| Deferred charges and accrued income490/1 | - | - | €2k | €1k | €170 | ▼ 84.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154k | €388k | €565k | €911k | €853k | ▼ 6.3% |
| Equity10/15 | €23k | €12k | €-2k | €-79k | €-67k | ▲ 15.5% |
| Contributions10/11 | - | €75k | €75k | €75k | €75k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €853 | €853 | - | - | - |
| Reserves not available under the articles1311 | - | €853 | €853 | - | - | - |
| Distributable reserves133 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-54k | €-65k | €-80k | €-156k | €-144k | ▲ 7.8% |
| Amounts payable17/49 | €130k | €376k | €568k | €990k | €920k | ▼ 7.1% |
| Amounts payable after more than one year17 | €30k | €30k | €30k | €30k | €735k | ▲ 2,350% |
| Financial debts170/4 | - | €30k | €30k | €30k | €735k | ▲ 2,350% |
| Amounts payable within one year42/48 | €5k | €7k | €538k | €960k | €185k | ▼ 80.8% |
| Financial debts43 | - | - | €196k | €221k | - | - |
| Other loans439 | - | - | €196k | €221k | - | - |
| Trade debts44 | €2k | €3k | €5k | €9k | €160k | ▲ 1,756% |
| Suppliers440/4 | - | €3k | €5k | €9k | €160k | ▲ 1,756% |
| Taxes, remuneration and social security45 | - | €4k | €4k | €2k | €25k | ▲ 1,551% |
| Taxes450/3 | - | €1k | €3k | €2k | €25k | ▲ 1,551% |
| Remuneration and social security454/9 | - | €3k | €1k | - | - | - |
| Other amounts payable47/48 | - | - | €332k | €729k | - | - |
| Accrued charges and deferred income492/3 | - | €340k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-12k | €-14k | €-77k | €12k | ▲ 116% |
| + Depreciation and write-downs630 | - | - | €2k | €6k | €7k | ▲ 20.0% |
| Operating cash flow (approximation) | €-5k | €-12k | €-12k | €-71k | €19k | ▲ 127% |
| Investment in fixed assets (approximation) | - | - | - | €-18k | €0 | ▲ 100% |
| Change in cash | - | €-74k | €91k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Back to profitnet €12k
Net result €12k after 6 loss-making years.
30-06
Financial
Liquidity times 5current ratio 4.48
Current ratio from 0.91 to 4.48; short-term debt falls from €960k to €185k.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity times 19current ratio 31.11
Current ratio from 1.67 to 31.11; short-term debt falls from €193k to €5k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Zonhoven · 1 establishment unit since 2022
Ground area
1,394 m²
Building footprint
158 m²
Volume, LiDAR
877 m³
Parcel 71443F0709/00D000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Beverzakbroekweg 85, 3520 Zonhoven
since 20222.353.799.228
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0709/00D000 | Flanders | 1,394 m² | 1 · 158 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 24,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-04-1988
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
96220Beauty care and other beauty treatments
Scores and ratios are computed by Checked and are not a credit decision.