iQ Process
ActiveSummary
iQ Process has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €315,644 and a net result of €6,274. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 2020 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+1
Solvency68▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.83 in 2024; short-term debt: 57.3% and cash: 95.5% of total assets), but 57.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
42.7%
Return on assets
0.8%
Age of the figures
9 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
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 26-02-2026, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
155 d early
2024
136 d early
2023
99 d early
2022
55 d early
2021
37 d early
2020
32 d early
2019
49 d early
← 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 80 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€315,644▲ 2.0%
2024 · €309,370
Total assets
€739,084▼ 25.0%
2024 · €985,813
Net result
€6,274▲ 305%
2024 · €1,549
Working capital
€314,725▼ 29.6%
2024 · €447,358
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€36,648▲ 73.2%€22,101▼ 39.7%€10,320▼ 53.3%€2,770▼ 73.2%€6,343▲ 129%
Net result€22,391▲ 55.0%€13,369▼ 40.3%€5,519▼ 58.7%€1,549▼ 71.9%€6,274▲ 305%
Equity€288,933▲ 8.4%€302,302▲ 4.6%€307,821▲ 1.8%€309,370▲ 0.5%€315,644▲ 2.0%
Total assets€815,914▲ 2.6%€823,135▲ 0.9%€905,844▲ 10.0%€985,813▲ 8.8%€739,084▼ 25.0%
Debt€526,981▼ 0.4%€520,833▼ 1.2%€598,023▲ 14.8%€676,443▲ 13.1%€423,440▼ 37.4%
Working capital€290,405▼ 12.8%€312,993▲ 7.8%€312,008▼ 0.3%€447,358▲ 43.4%€314,725▼ 29.6%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 129% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739,084
Fixed assets
€919 ▼ 54.3%
Current assets
€738,165 ▼ 25.0%
Equity and liabilities €739,084
Equity
€315,644 ▲ 2.0%
Debt
€423,440 ▼ 37.4%
Debt's share of the balance-sheet total falls from 68.6% to 57.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,436▲
2024 · €4,074
Cash flow
€7,367▲
2024 · €2,853
Current ratio
1.74▼
2024 · 1.83
Debt to equity
1.34▼
2024 · 2.19
ROE
2.0%▲
2024 · 0.5%
ROA
0.8%▲
2024 · 0.2%
Interest coverage
33.99▲
2024 · 17.81
Debt ≤ 1 year
€423,440▼
2024 · €536,443
Income taxes
€4,490▲
2024 · €2,625
Staff costs
€100,632▲
2024 · €90,960
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €77,801 | €84,495 | €89,003 | €90,960 | €100,632 | ▲ 10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,377 | €1,510 | €1,853 | €1,304 | €1,093 | ▼ 16.2% |
| Other operating charges640/8 | €1,750 | €1,787 | €1,084 | €1,210 | €1,733 | ▲ 43.2% |
| Gross operating margin9900 | €119,577 | €109,894 | €102,261 | €96,245 | €109,802 | ▲ 14.1% |
| Operating profit (loss)9901 | €36,648 | €22,101 | €10,320 | €2,770 | €6,343 | ▲ 129% |
| Financial income75/76B | €727 | €14 | €0 | €1,633 | €4,640 | ▲ 184% |
| Recurring financial income75 | €727 | €14 | €0 | €1,633 | €4,640 | ▲ 184% |
| Financial charges65/66B | €144 | €785 | €166 | €229 | €219 | ▼ 4.4% |
| Recurring financial charges65 | €144 | €785 | €166 | €229 | €219 | ▼ 4.4% |
| Profit (loss) for the period before taxes9903 | €37,231 | €21,330 | €10,154 | €4,174 | €10,764 | ▲ 158% |
| Income taxes67/77 | €14,841 | €7,961 | €4,635 | €2,625 | €4,490 | ▲ 71.0% |
| Profit (loss) for the period9904 | €22,391 | €13,369 | €5,519 | €1,549 | €6,274 | ▲ 305% |
| Profit (loss) for the period to be appropriated9905 | €22,391 | €13,369 | €5,519 | €1,549 | €6,274 | ▲ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €815,914 | €823,135 | €905,844 | €985,813 | €739,084 | ▼ 25.0% |
| Fixed assets21/28 | €3,529 | €2,018 | €1,313 | €2,012 | €919 | ▼ 54.3% |
| Tangible fixed assets22/27 | €3,529 | €2,018 | €1,313 | €2,012 | €919 | ▼ 54.3% |
| Plant, machinery and equipment23 | €1,163 | €771 | €1,184 | €2,012 | €919 | ▼ 54.3% |
| Furniture and vehicles24 | €2,366 | €1,247 | €129 | €0 | - | - |
| Current assets29/58 | €812,386 | €821,117 | €904,531 | €983,801 | €738,165 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €288,539 | €471,528 | €55,613 | €525,882 | €20,591 | ▼ 96.1% |
| Trade receivables40 | €50,514 | €471,489 | €26,620 | €520,022 | €2,492 | ▼ 99.5% |
| Other amounts receivable41 | €238,025 | €39 | €28,993 | €5,860 | €18,099 | ▲ 209% |
| Cash at bank and in hand54/58 | €517,156 | €343,704 | €843,190 | €445,298 | €706,120 | ▲ 58.6% |
| Deferred charges and accrued income490/1 | €6,690 | €5,885 | €5,728 | €12,621 | €11,453 | ▼ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €815,914 | €823,135 | €905,844 | €985,813 | €739,084 | ▼ 25.0% |
| Equity10/15 | €288,933 | €302,302 | €307,821 | €309,370 | €315,644 | ▲ 2.0% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €263,933 | €277,302 | €282,821 | €284,370 | €290,644 | ▲ 2.2% |
| Non-distributable reserves130/1 | €7,720 | €7,720 | €0 | - | - | - |
| Reserves not available under the articles1311 | €7,720 | €7,720 | €0 | - | - | - |
| Distributable reserves133 | €256,213 | €269,582 | €282,821 | €284,370 | €290,644 | ▲ 2.2% |
| Amounts payable17/49 | €526,981 | €520,833 | €598,023 | €676,443 | €423,440 | ▼ 37.4% |
| Amounts payable within one year42/48 | €521,981 | €508,124 | €592,523 | €536,443 | €423,440 | ▼ 21.1% |
| Financial debts43 | - | - | - | €2,645 | €2,515 | ▼ 4.9% |
| Credit institutions430/8 | - | - | - | €2,645 | €2,515 | ▼ 4.9% |
| Trade debts44 | €501,511 | €466,184 | €577,420 | €485,714 | €407,710 | ▼ 16.1% |
| Suppliers440/4 | €501,511 | €466,184 | €577,420 | €485,714 | €407,710 | ▼ 16.1% |
| Taxes, remuneration and social security45 | €20,470 | €41,940 | €15,103 | €48,084 | €13,215 | ▼ 72.5% |
| Taxes450/3 | €9,656 | €29,297 | €3,728 | €31,617 | €2,720 | ▼ 91.4% |
| Remuneration and social security454/9 | €10,814 | €12,642 | €11,375 | €16,466 | €10,495 | ▼ 36.3% |
| Accrued charges and deferred income492/3 | €5,000 | €12,709 | €5,500 | €140,000 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,391 | €13,369 | €5,519 | €1,549 | €6,274 | ▲ 305% |
| + Depreciation and write-downs630 | €3,377 | €1,510 | €1,853 | €1,304 | €1,093 | ▼ 16.2% |
| Operating cash flow (approximation) | €25,768 | €14,879 | €7,372 | €2,853 | €7,367 | ▲ 158% |
| Investment in fixed assets (approximation) | - | €0 | -€1,148 | -€2,003 | €0 | ▲ 100% |
| Change in cash | - | -€173,452 | €499,486 | -€397,892 | €260,822 | ▲ 166% |
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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €1,549 ▼71.9%
Net result drops to €1,549, the lowest in the series; recovery starts the following year.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €35,714 ▲284%
Operating result €57,332, net result €35,714, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
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 4 acts read
About the unread acts
We know of 4 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
4 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, Nijlen · 1 establishment unit since 2010
Ground area
1,211 m²
Building footprint
153 m²
Volume, LiDAR
700 m³
Parcel 12026B0207/03D000, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Laurys Gewatstraat 58, 2560 Nijlen
since 20102.186.054.554
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026B0207/03D000 | Flanders | 1,211 m² | 1 · 153 m² | 7.8 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 150 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 150 EUR | 150 EUR |
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 4,851 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
Founded23-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28930Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
68110Buying and selling of own real estate
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.