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IV-geo

Active
Private limited companyfounded 20233 yrs activeBeatrijs van Nazarethlaan 1, 2382 Ravels, BelgiumKBO/BCE: BE 0802.222.563
Summary

IV-geo has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122,957 and a net result of €79,080. Its solvency ranks better than 80% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 5.17 against 5.63 in 2023; short-term debt: 18.9% and cash: 73.2% of total assets), and 18.9% of the assets are financed with debt.
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Signals

Three 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
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 →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
32 d early
2024
85 d early
2023
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 49 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. Usually files around 29 June (3 of the last 3 filed years within 53 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 30 May 2023, IV-geo was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, micro schema

Equity
€122,957▲ 180%
2023 · €43,877
Total assets
€151,522▲ 185%
2023 · €53,242
Net result
€79,080▲ 88.8%
2023 · €41,877
Working capital
€119,050▲ 174%
2023 · €43,384
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€52,391-€109,812▲ 110%
Net result€41,877above the sector's middle half-€79,080above the sector's middle half▲ 88.8%
Equity€43,877within the sector's middle half-€122,957within the sector's middle half▲ 180%
Total assets€53,242below the sector's middle half-€151,522within the sector's middle half▲ 185%
Debt€9,365-€28,565▲ 205%
Working capital€43,384within the sector's middle half-€119,050above the sector's middle half▲ 174%
Solvency82.4%above the sector's middle half-81.1%above the sector's middle half▼ 1.3pp
Current ratio5.63above the sector's middle half-5.17above the sector's middle half▼ 0.47
Return on assets (ROA)78.7%above the sector's middle half-52.2%above the sector's middle half▼ 26.5pp
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2023: €52,391€52,391Net result 2023: €41,877€41,877Operating result 2024: €109,812€109,812Net result 2024: €79,080€79,08020232024€0€50,000€100,000Operating result 2023: €52,391€52,400Net result 2023: €41,877€41,900Operating result 2024: €109,812€110,000Net result 2024: €79,080€79,10020232024
The operating result rises in 2024; 2024 is 110% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151,522
Fixed assets €3,907 ▲ 693%
Current assets €147,615 ▲ 180%
Equity and liabilities €151,522
Equity €122,957 ▲ 180%
Debt €28,565 ▲ 205%
Debt's share of the balance-sheet total rises from 17.6% to 18.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€110,515▲
2023 · €54,433
Cash flow
€79,782▲
2023 · €43,919
Quick ratio
4.95▼
2023 · 5.17
Debt to equity
0.23▲
2023 · 0.21
ROE
64.3%▼
2023 · 95.4%
Interest coverage
791.94▼
2023 · 2750.53
Debt ≤ 1 year
€28,565▲
2023 · €9,365
Income taxes
€30,593▲
2023 · €10,494
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€53,242€151,522▲
Fixed assets21/28€493€3,907▲
Tangible fixed assets22/27€493€3,907▲
Plant, machinery and equipment23-€1,039
Furniture and vehicles24€493€2,869▲
Current assets29/58€52,749€147,615▲
Stocks and contracts in progress3€4,289€6,141▲
Stocks30/36€4,289€6,141▲
Amounts receivable within one year40/41€13,222€30,605▲
Trade receivables40€13,222€27,705▲
Other amounts receivable41-€2,900
Cash at bank and in hand54/58€35,238€110,868▲
Equity and liabilities
Total equity and liabilities10/49€53,242€151,522▲
Equity10/15€43,877€122,957▲
Contributions10/11€2,000€2,000=
Reserves13€41,877€120,957▲
Distributable reserves133€41,877€120,957▲
Amounts payable17/49€9,365€28,565▲
Amounts payable within one year42/48€9,365€28,565▲
Trade debts44€1,157€18,931▲
Suppliers440/4€1,157€18,931▲
Taxes, remuneration and social security45€8,208€9,634▲
Taxes450/3€8,208€9,634▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,042€702▼
Other operating charges640/8-€957
Gross operating margin9900€54,433€111,471▲
Operating profit (loss)9901€52,391€109,812▲
Financial charges65/66B€20€140▲
Recurring financial charges65€20€140▲
Profit (loss) for the period before taxes9903€52,371€109,673▲
Income taxes67/77€10,494€30,593▲
Profit (loss) for the period9904€41,877€79,080▲
Profit (loss) for the period to be appropriated9905€41,877€79,080▲
Appropriation of the result
Profit (loss) to be appropriated9906€41,877€79,080▲
Transfer to equity691/2€41,877€79,080▲
To other reserves6921€41,877€79,080▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,042€702▼ 65.6%
Other operating charges640/8-€957-
Gross operating margin9900€54,433€111,471▲ 105%
Operating profit (loss)9901€52,391€109,812▲ 110%
Financial charges65/66B€20€140▲ 605%
Recurring financial charges65€20€140▲ 605%
Profit (loss) for the period before taxes9903€52,371€109,673▲ 109%
Income taxes67/77€10,494€30,593▲ 192%
Profit (loss) for the period9904€41,877€79,080▲ 88.8%
Profit (loss) for the period to be appropriated9905€41,877€79,080▲ 88.8%
Line20232024Change
Assets
Total assets20/58€53,242€151,522▲ 185%
Fixed assets21/28€493€3,907▲ 693%
Tangible fixed assets22/27€493€3,907▲ 693%
Plant, machinery and equipment23-€1,039-
Furniture and vehicles24€493€2,869▲ 482%
Current assets29/58€52,749€147,615▲ 180%
Stocks and contracts in progress3€4,289€6,141▲ 43.2%
Stocks30/36€4,289€6,141▲ 43.2%
Amounts receivable within one year40/41€13,222€30,605▲ 131%
Trade receivables40€13,222€27,705▲ 110%
Other amounts receivable41-€2,900-
Cash at bank and in hand54/58€35,238€110,868▲ 215%
Equity and liabilities
Total equity and liabilities10/49€53,242€151,522▲ 185%
Equity10/15€43,877€122,957▲ 180%
Contributions10/11€2,000€2,000=
Reserves13€41,877€120,957▲ 189%
Distributable reserves133€41,877€120,957▲ 189%
Amounts payable17/49€9,365€28,565▲ 205%
Amounts payable within one year42/48€9,365€28,565▲ 205%
Trade debts44€1,157€18,931▲ 1,537%
Suppliers440/4€1,157€18,931▲ 1,537%
Taxes, remuneration and social security45€8,208€9,634▲ 17.4%
Taxes450/3€8,208€9,634▲ 17.4%
Line20232024Change
Profit (loss) for the period9904€41,877€79,080▲ 88.8%
+ Depreciation and write-downs630€2,042€702▼ 65.6%
Operating cash flow (approximation)€43,919€79,782▲ 81.7%
Investment in fixed assets (approximation)--€4,117-
Change in cash-€75,630-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
29-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
07-05
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €100,000Eq €122,957 ▲180%
2 profitable years in a row build equity to €122,957.
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
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, Ravels · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,410 m²
Building footprint
273 m²
Volume, LiDAR
1,313 m³
Parcel 13033D0119/00D000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IV-geo
Beatrijs van Nazarethlaan 1, 2382 RavelsRetail trade
since 20232.346.482.260
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13033D0119/00D000 Flanders 1,410 m² 1 · 273 m² 8.6 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.

Similar companies · same sector, comparable size

Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,236 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
Founded30-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
74999Other professional, scientific and technical activities
85599Other education
Contact
Website ivgeo.be
E-mail info@ivgeo.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802222563
Registered 02-05-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.