Intelligent Developing Watcher Group
ActiveSummary
Intelligent Developing Watcher Group has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€36,074) and a net result of -€71,917. Equity is growing by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-48
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Age of the figures
Age of the figures
15 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€36,074
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-03-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
40 d late
2024
6 d late
2023
8 d late
2022
28 d late
2021
234 d late
2020
599 d late
2019
on the day
← 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 131 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€36,074
2024 · €35,842
Total assets
€2,338▼ 98.5%
2024 · €157,868
Net result
-€71,917
2024 · €98,128
Working capital
-€38,125
2024 · €32,878
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€427€16,006€20,119▲ 25.7%€98,399▲ 389%-€71,587
Net result-€442€11,689€19,422▲ 66.2%€98,128▲ 405%-€71,917
Equity-€93,839▼ 0.5%-€82,150▲ 12.5%-€62,286▲ 24.2%€35,842-€36,074
Total assets€1,838▼ 50.9%€38,136▲ 1,974%€44,489▲ 16.7%€157,868▲ 255%€2,338▼ 98.5%
Debt€95,678▼ 1.5%€120,286▲ 25.7%€106,775▼ 11.2%€122,026▲ 14.3%€38,412▼ 68.5%
Working capital-€95,483▲ 1.6%-€83,409▲ 12.6%-€63,159▲ 24.3%€32,878-€38,125
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets -99% on 2024. Cause not known from the registers.
- 2024 Total assets +255% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €71,587 after €98,399 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2,338
Fixed assets
€2,051 ▼ 30.8%
Current assets
€287 ▼ 99.8%
Key figures and ratios
EBITDA
-€70,674▼
2024 · €98,945
Cash flow
-€71,003▼
2024 · €98,674
Interest coverage
-214.16▼
2024 · 365.62
Debt ≤ 1 year
€38,412▼
2024 · €122,026
Ratios withheld: a balance sheet total of €2,338 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,119 | €386 | €386 | €546 | €913 | ▲ 67.2% |
| Other operating charges640/8 | €348 | €398 | €348 | €23,532 | €387 | ▼ 98.4% |
| Gross operating margin9900 | €2,039 | €16,790 | €20,852 | €122,477 | -€70,286 | ▼ 157% |
| Operating profit (loss)9901 | -€427 | €16,006 | €20,119 | €98,399 | -€71,587 | ▼ 173% |
| Financial income75/76B | €0 | - | - | - | €0 | - |
| Recurring financial income75 | €0 | - | - | - | €0 | - |
| Financial charges65/66B | €15 | €44 | €697 | €271 | €330 | ▲ 21.9% |
| Recurring financial charges65 | €15 | €44 | €697 | €271 | €330 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | -€442 | €15,962 | €19,422 | €98,128 | -€71,917 | ▼ 173% |
| Income taxes67/77 | - | €4,273 | - | - | - | - |
| Profit (loss) for the period9904 | -€442 | €11,689 | €19,422 | €98,128 | -€71,917 | ▼ 173% |
| Profit (loss) for the period to be appropriated9905 | -€442 | €11,689 | €19,422 | €98,128 | -€71,917 | ▼ 173% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1,838 | €38,136 | €44,489 | €157,868 | €2,338 | ▼ 98.5% |
| Fixed assets21/28 | €1,644 | €1,259 | €873 | €2,964 | €2,051 | ▼ 30.8% |
| Tangible fixed assets22/27 | €1,644 | €1,259 | €873 | €2,964 | €2,051 | ▼ 30.8% |
| Plant, machinery and equipment23 | €1,644 | €1,259 | €873 | €2,964 | €101 | ▼ 96.6% |
| Furniture and vehicles24 | - | - | - | - | €1,950 | - |
| Current assets29/58 | €194 | €36,877 | €43,617 | €154,904 | €287 | ▼ 99.8% |
| Amounts receivable within one year40/41 | - | €36,877 | €43,612 | €69,128 | €0 | ▼ 100% |
| Trade receivables40 | - | €36,877 | €2,241 | €20,196 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €41,371 | €48,932 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €194 | - | €5 | €85,775 | €287 | ▼ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1,838 | €38,136 | €44,489 | €157,868 | €2,338 | ▼ 98.5% |
| Equity10/15 | -€93,839 | -€82,150 | -€62,286 | €35,842 | -€36,074 | ▼ 201% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | €150,000 | - | - | - | - | - |
| Issued capital100 | €150,000 | - | - | - | - | - |
| Reserves13 | €24,790 | €24,790 | €24,790 | €24,790 | €24,790 | = |
| Non-distributable reserves130/1 | €24,790 | €24,790 | €24,790 | €24,790 | €24,790 | = |
| Legal reserve130 | €24,790 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €24,790 | €24,790 | €24,790 | €24,790 | = |
| Profit (loss) carried forward14 | -€268,629 | -€256,940 | -€237,076 | -€138,948 | -€210,864 | ▼ 51.8% |
| Amounts payable17/49 | €95,678 | €120,286 | €106,775 | €122,026 | €38,412 | ▼ 68.5% |
| Amounts payable within one year42/48 | €95,678 | €120,286 | €106,775 | €122,026 | €38,412 | ▼ 68.5% |
| Trade debts44 | €1,500 | €23,100 | €617 | €15,248 | €2,001 | ▼ 86.9% |
| Suppliers440/4 | €1,500 | €23,100 | €617 | €15,248 | €2,001 | ▼ 86.9% |
| Taxes, remuneration and social security45 | €94,178 | €4,273 | €2,093 | €37,493 | €10,304 | ▼ 72.5% |
| Taxes450/3 | - | €4,273 | €2,093 | €37,493 | €10,304 | ▼ 72.5% |
| Remuneration and social security454/9 | €94,178 | - | - | - | - | - |
| Other amounts payable47/48 | - | €92,913 | €104,066 | €69,285 | €26,107 | ▼ 62.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€442 | €11,689 | €19,422 | €98,128 | -€71,917 | ▼ 173% |
| + Depreciation and write-downs630 | €2,119 | €386 | €386 | €546 | €913 | ▲ 67.2% |
| Operating cash flow (approximation) | €1,677 | €12,075 | €19,807 | €98,674 | -€71,003 | ▼ 172% |
| Investment in fixed assets (approximation) | - | -€1 | €1 | -€2,638 | €0 | ▲ 100% |
| Change in cash | - | - | - | €85,771 | -€85,488 | ▼ 200% |
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
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2025
30-06
Financial
Weakest financial yearnet -€71,917
Net result drops to -€71,917, the lowest in the series.
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
30-06
Financial
Highest result since 2019net €98,128 ▲405%
Operating result €98,399, net result €98,128, both a record.
30-06
Financial
Liquidity triplescurrent ratio 1.27
Current ratio from 0.41 to 1.27.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 234 days late
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 599 days late
30-06
Financial
Back to profitnet €11,689
Net result €11,689 after one loss-making year.
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Roeselare · 1 establishment unit since 2001
Ground area
699 m²
Building footprint
674 m²
Volume, LiDAR
6,998 m³
Parcel 36502B0387/00F004, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
IDWATCHER GROUP BV
since 20012.071.314.244
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0387/00F004 | Flanders | 699 m² | 1 · 674 m² | 16.4 m · 4 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.
Similar companies · same sector, comparable size
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XINONIX
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Partshouse
BE 0846.371.817
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EXTRE COATS
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Of 2,503 companies in sector 46649 we hold annual accounts for 1,756. 663 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 (pre-2019)
Founded08-02-1995
Fiscal year end30-06
Abbreviation NL
IDWatcher Group
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
46140Agents in the wholesale of industrial machinery, ships and aircraft
Contact
E-mail
business@idwgroup.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454478355
Also
9925:BE0454478355
Registered
11-06-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.