IUVAS
ActiveSummary
The computed 12-month bankruptcy probability of IUVAS is 1.9% (moderate). The 2025 annual accounts show equity of €86k and a net result of €678. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 7500 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability62▼-26
Solvency99▲+7
Growth66=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.02 against 2.75 in 2024; short-term debt: 23.4% and cash: 0.1% of total assets), and 26% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
74%
Return on assets
0.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 4 filingsDeviation from the deadline
2025
27 d late
2024
60 d late
2023
28 d late
2022
60 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€126k▼ 23.9%
2023 · €166k
2022: €90klowest in 3 years
2023: €166k▲ +83.7% vs 2022highest in 3 years
2024: €126k▼ -23.9% vs 2023
2022 → 2024
EBIT margin
16.5%▼ 28.8pp
2023 · 45.3%
2022: 19.5%
2023: 45.3%▲ +132% vs 2022highest in 3 years
2024: 16.5%▼ -63.6% vs 2023lowest in 3 years
2022 → 2024
Net result
€678▼ 94.9%
2024 · €13k
2022: €13k
2023: €58k▲ +334% vs 2022highest in 4 years
2024: €13k▼ -77.2% vs 2023
2025: €678▼ -94.9% vs 2024lowest in 4 years
2022 → 2025
Working capital
€82k▲ 12.9%
2024 · €72k
2022: €12klowest in 4 years
2023: €69k▲ +457% vs 2022
2024: €72k▲ +4.6% vs 2023
2025: €82k▲ +12.9% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€90k-€166k▲ 83.7%€126k▼ 23.9%
2022: €90klowest in 3 years
2023: €166k▲ +83.7% vs 2022highest in 3 years
2024: €126k▼ -23.9% vs 2023
Equity€13k-€72k▲ 434%€85k▲ 18.6%€86k▲ 0.8%
2022: €13klowest in 4 years
2023: €72k▲ +434% vs 2022
2024: €85k▲ +18.6% vs 2023
2025: €86k▲ +0.8% vs 2024highest in 4 years
Operating result€18k-€75k▲ 327%€21k▼ 72.3%€4k▼ 81.0%
2022: €18k
2023: €75k▲ +327% vs 2022highest in 4 years
2024: €21k▼ -72.3% vs 2023
2025: €4k▼ -81.0% vs 2024lowest in 4 years
Net result€13k-€58k▲ 334%€13k▼ 77.2%€678▼ 94.9%
2022: €13k
2023: €58k▲ +334% vs 2022highest in 4 years
2024: €13k▼ -77.2% vs 2023
2025: €678▼ -94.9% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 81% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €116k
Fixed assets
€7k ▼ 45.1%
Current assets
€109k ▼ 4.3%
Equity and liabilities €116k
Equity
€86k ▲ 0.8%
Debt
€30k ▼ 27.2%
Debt's share of the balance-sheet total falls from 32.7% to 26.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €25k
Cash flow
€6k▼
2024 · €18k
Current ratio
4.02▲
2024 · 2.75
Debt to equity
0.35▼
2024 · 0.49
ROE
0.8%▼
2024 · 15.7%
ROA
0.6%▼
2024 · 10.5%
Interest coverage
5.10▼
2024 · 8.04
Debt ≤ 1 year
€27k▼
2024 · €41k
Debt > 1 year
€3k
Income taxes
€1k▼
2024 · €4k
Staff costs
€34k▲
2024 · €655
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€126k€116k▼
Fixed assets21/28€13k€7k▼
Tangible fixed assets22/27€13k€7k▼
Plant, machinery and equipment23€2k€665▼
Furniture and vehicles24€11k€6k▼
Current assets29/58€114k€109k▼
Amounts receivable within one year40/41€110k€108k▼
Trade receivables40€57k€74k▲
Other amounts receivable41€52k€34k▼
Cash at bank and in hand54/58€4k€82▼
Deferred charges and accrued income490/1€270€493▲
Equity and liabilities
Total equity and liabilities10/49€126k€116k▼
Equity10/15€85k€86k▲
Profit (loss) carried forward14€85k€86k▲
Amounts payable17/49€41k€30k▼
Amounts payable after more than one year17-€3k
Financial debts170/4-€3k
Amounts payable within one year42/48€41k€27k▼
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€22k€6k▼
Suppliers440/4€22k€6k▼
Taxes, remuneration and social security45€20k€14k▼
Taxes450/3€20k€14k▼
Other amounts payable47/48-€5k
Income statement
Code20242025
Turnover70€126k-
Non-recurring operating income76A€2k-
Goods, raw materials, services and sundry goods60/61€102k-
Remuneration, social security and pensions62€655€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€597€2k▲
Gross operating margin9900€26k€45k▲
Operating profit (loss)9901€21k€4k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€18k€2k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€13k€678▼
Profit (loss) for the period to be appropriated9905€13k€678▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€86k▲
Profit (loss) brought forward from the previous period14P€72k€85k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €90k | €166k | €126k | - | - |
| Non-recurring operating income76A | - | €819 | €2k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €71k | €89k | €102k | - | - |
| Remuneration, social security and pensions62 | €303 | €558 | €655 | €34k | ▲ 5,094% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €4k | €6k | ▲ 34.0% |
| Other operating charges640/8 | €273 | €791 | €597 | €2k | ▲ 182% |
| Gross operating margin9900 | €20k | €78k | €26k | €45k | ▲ 72.2% |
| Operating profit (loss)9901 | €18k | €75k | €21k | €4k | ▼ 81.0% |
| Financial income75/76B | €8 | €1 | €0 | - | - |
| Recurring financial income75 | €8 | €1 | €0 | - | - |
| Financial charges65/66B | €546 | €2k | €3k | €2k | ▼ 39.4% |
| Recurring financial charges65 | €546 | €2k | €3k | €2k | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | €17k | €73k | €18k | €2k | ▼ 88.4% |
| Income taxes67/77 | €4k | €15k | €4k | €1k | ▼ 68.5% |
| Profit (loss) for the period9904 | €13k | €58k | €13k | €678 | ▼ 94.9% |
| Profit (loss) for the period to be appropriated9905 | €13k | €58k | €13k | €678 | ▼ 94.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €29k | €111k | €126k | €116k | ▼ 8.4% |
| Fixed assets21/28 | €991 | €2k | €13k | €7k | ▼ 45.1% |
| Tangible fixed assets22/27 | €991 | €2k | €13k | €7k | ▼ 45.1% |
| Plant, machinery and equipment23 | €991 | €2k | €2k | €665 | ▼ 59.8% |
| Furniture and vehicles24 | - | - | €11k | €6k | ▼ 42.9% |
| Current assets29/58 | €28k | €108k | €114k | €109k | ▼ 4.3% |
| Amounts receivable within one year40/41 | €25k | €105k | €110k | €108k | ▼ 1.2% |
| Trade receivables40 | €22k | €67k | €57k | €74k | ▲ 29.2% |
| Other amounts receivable41 | €3k | €39k | €52k | €34k | ▼ 34.5% |
| Cash at bank and in hand54/58 | €3k | €3k | €4k | €82 | ▼ 97.9% |
| Deferred charges and accrued income490/1 | - | €270 | €270 | €493 | ▲ 82.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €29k | €111k | €126k | €116k | ▼ 8.4% |
| Equity10/15 | €13k | €72k | €85k | €86k | ▲ 0.8% |
| Profit (loss) carried forward14 | €13k | €72k | €85k | €86k | ▲ 0.8% |
| Amounts payable17/49 | €15k | €39k | €41k | €30k | ▼ 27.2% |
| Amounts payable after more than one year17 | - | - | - | €3k | - |
| Financial debts170/4 | - | - | - | €3k | - |
| Amounts payable within one year42/48 | €15k | €39k | €41k | €27k | ▼ 34.5% |
| Financial debts43 | - | - | - | €3k | - |
| Credit institutions430/8 | - | - | - | €3k | - |
| Trade debts44 | €5k | €20k | €22k | €6k | ▼ 73.1% |
| Suppliers440/4 | €5k | €20k | €22k | €6k | ▼ 73.1% |
| Taxes, remuneration and social security45 | €4k | €19k | €20k | €14k | ▼ 28.3% |
| Taxes450/3 | €4k | €19k | €20k | €14k | ▼ 28.3% |
| Other amounts payable47/48 | €7k | €0 | - | €5k | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €58k | €13k | €678 | ▼ 94.9% |
| + Depreciation and write-downs630 | €2k | €1k | €4k | €6k | ▲ 34.0% |
| Operating cash flow (approximation) | €15k | €60k | €18k | €6k | ▼ 63.8% |
| Investment in fixed assets (approximation) | - | €-3k | €-14k | €0 | ▲ 100% |
| Change in cash | - | €-262 | €1k | €-4k | ▼ 399% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €678 ▼94.9%
Net result drops to €678, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Highest result since 2022net €58k ▲334%
Operating result €75k, net result €58k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zaventem · 1 establishment unit since 2021
Ground area
179 m²
Building footprint
52 m²
Volume, LiDAR
341 m³
Parcel 23078B0331/00K000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IUVAS
since 20212.321.271.762
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078B0331/00K000 | Flanders | 179 m² | 1 · 52 m² | 8.7 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 13,169 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
Founded08-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43341Painting of buildings
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.