IVA3
ActiveSummary
IVA3 has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €12,192 and a net result of €107,528. Equity is shrinking by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 168 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency32▼-6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.91 against 0.72 in 2025; short-term debt: 92.6% and cash: 32.3% of total assets), and 92.6% of the assets are financed with debt.
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Signals
Six 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
7.4%
Return on assets
65%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 168 sector peers (2026).
NBB · sector comparisonPosition among 168 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 13-05-2026, 171 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2026
171 d early
2025
35 d early
2024
30 d early
2023
32 d early
2022
28 d early
2021
30 d early
2020
33 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 51 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 29 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€12,192▲ 26.2%
2025 · €9,664
Total assets
€165,400▲ 129%
2025 · €72,249
Net result
€107,528▲ 335%
2025 · €24,718
Working capital
-€13,104▲ 24.0%
2025 · -€17,245
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result-€1,190€3,273€64,927▲ 1,884%€33,787▼ 48.0%€140,965▲ 317%
Net result-€1,893below the sector's middle half€1,623below the sector's middle half€51,416within the sector's middle half▲ 3,068%€24,718within the sector's middle half▼ 51.9%€107,528▲ 335%
Equity€103,108within the sector's middle half▼ 1.8%€104,730within the sector's middle half▲ 1.6%€29,947below the sector's middle half▼ 71.4%€9,664below the sector's middle half▼ 67.7%€12,192▲ 26.2%
Total assets€103,909within the sector's middle half▼ 17.6%€112,733within the sector's middle half▲ 8.5%€112,096within the sector's middle half▼ 0.6%€72,249below the sector's middle half▼ 35.5%€165,400▲ 129%
Debt€801▼ 96.2%€8,002▲ 899%€82,150▲ 927%€62,585▼ 23.8%€153,208▲ 145%
Working capital€72,777within the sector's middle half▼ 7.9%€75,424within the sector's middle half▲ 3.6%€1,424below the sector's middle half▼ 98.1%-€17,245below the sector's middle half-€13,104▲ 24.0%
Solvency99.2%above the sector's middle half▲ 16.0pp92.9%above the sector's middle half▼ 6.3pp26.7%below the sector's middle half▼ 66.2pp13.4%below the sector's middle half▼ 13.3pp7.4%▼ 6.0pp
Current ratio91.86above the sector's middle half▲ 87.1310.43above the sector's middle half▼ 81.441.02below the sector's middle half▼ 9.410.72below the sector's middle half▼ 0.290.91▲ 0.19
Return on assets (ROA)-1.8%below the sector's middle half▼ 42.8pp1.4%below the sector's middle half▲ 3.3pp45.9%above the sector's middle half▲ 44.4pp34.2%within the sector's middle half▼ 11.7pp65.0%▲ 30.8pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
The operating result recovers in 2026; 2026 is 317% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €165,400
Fixed assets
€25,296 ▼ 6.0%
Current assets
€140,104 ▲ 209%
Equity and liabilities €165,400
Equity
€12,192 ▲ 26.2%
Debt
€153,208 ▲ 145%
Debt's share of the balance-sheet total rises from 86.6% to 92.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142,578▲
2025 · €35,401
Cash flow
€109,141▲
2025 · €26,331
Debt to equity
12.57▲
2025 · 6.48
ROE
882.0%▲
2025 · 255.8%
Interest coverage
80.43▲
2025 · 16.66
Debt ≤ 1 year
€153,208▲
2025 · €62,585
Income taxes
€31,664▲
2025 · €6,945
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
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 lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 2,153 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €792 | €1,025 | €1,550 | €1,614 | €1,614 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€2,823 | - | - | - | - | - |
| Other operating charges640/8 | €837 | €591 | €648 | €774 | €1,759 | ▲ 127% |
| Gross operating margin9900 | -€2,384 | €4,889 | €67,125 | €36,175 | €144,337 | ▲ 299% |
| Operating profit (loss)9901 | -€1,190 | €3,273 | €64,927 | €33,787 | €140,965 | ▲ 317% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €715 | €533 | €2,083 | €2,125 | €1,773 | ▼ 16.6% |
| Recurring financial charges65 | €715 | €533 | €2,083 | €2,125 | €1,773 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | -€1,905 | €2,740 | €62,844 | €31,662 | €139,192 | ▲ 340% |
| Income taxes67/77 | -€12 | €1,118 | €11,428 | €6,945 | €31,664 | ▲ 356% |
| Profit (loss) for the period9904 | -€1,893 | €1,623 | €51,416 | €24,718 | €107,528 | ▲ 335% |
| Profit (loss) for the period to be appropriated9905 | -€1,893 | €1,623 | €51,416 | €24,718 | €107,528 | ▲ 335% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,909 | €112,733 | €112,096 | €72,249 | €165,400 | ▲ 129% |
| Fixed assets21/28 | €30,331 | €29,306 | €28,523 | €26,909 | €25,296 | ▼ 6.0% |
| Tangible fixed assets22/27 | €4,331 | €3,306 | €3,523 | €1,909 | €296 | ▼ 84.5% |
| Furniture and vehicles24 | €4,331 | €3,306 | €3,523 | €1,909 | €296 | ▼ 84.5% |
| Financial fixed assets28 | €26,000 | €26,000 | €25,000 | €25,000 | €25,000 | = |
| Current assets29/58 | €73,578 | €83,427 | €83,573 | €45,339 | €140,104 | ▲ 209% |
| Amounts receivable within one year40/41 | €22,283 | €47,505 | €13,760 | €13,000 | €82,346 | ▲ 533% |
| Trade receivables40 | €1,294 | €26,907 | €13,760 | €8,000 | €81,500 | ▲ 919% |
| Other amounts receivable41 | €20,989 | €20,598 | - | €5,000 | €846 | ▼ 83.1% |
| Cash at bank and in hand54/58 | €51,295 | €26,829 | €62,069 | €25,933 | €53,484 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | €9,092 | €7,744 | €6,406 | €4,274 | ▼ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,909 | €112,733 | €112,096 | €72,249 | €165,400 | ▲ 129% |
| Equity10/15 | €103,108 | €104,730 | €29,947 | €9,664 | €12,192 | ▲ 26.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | €6,200 | €6,200 | - | - | - | - |
| Other1109/19 | €6,200 | €6,200 | - | - | - | - |
| Profit (loss) carried forward14 | €96,908 | €98,530 | €23,747 | €3,464 | €5,992 | ▲ 73.0% |
| Amounts payable17/49 | €801 | €8,002 | €82,150 | €62,585 | €153,208 | ▲ 145% |
| Amounts payable within one year42/48 | €801 | €8,002 | €82,150 | €62,585 | €153,208 | ▲ 145% |
| Trade debts44 | €801 | €1,947 | €1,197 | €1,606 | €978 | ▼ 39.1% |
| Suppliers440/4 | €801 | €1,947 | €1,197 | €1,606 | €978 | ▼ 39.1% |
| Taxes, remuneration and social security45 | - | €5,716 | €22,532 | €14,128 | €48,327 | ▲ 242% |
| Taxes450/3 | - | €5,716 | €22,532 | €12,861 | €48,327 | ▲ 276% |
| Remuneration and social security454/9 | - | - | - | €1,267 | - | - |
| Other amounts payable47/48 | - | €339 | €58,421 | €46,851 | €103,903 | ▲ 122% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,893 | €1,623 | €51,416 | €24,718 | €107,528 | ▲ 335% |
| + Depreciation and write-downs630 | €792 | €1,025 | €1,550 | €1,614 | €1,614 | = |
| Operating cash flow (approximation) | -€1,101 | €2,647 | €52,966 | €26,331 | €109,141 | ▲ 314% |
| Investment in fixed assets (approximation) | - | €0 | -€767 | €0 | €0 | - |
| Change in cash | - | -€24,465 | €35,240 | -€36,136 | €27,551 | ▲ 176% |
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 2027, expected by
2026
13-05
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2020net €107,528 ▲335%
Operating result €140,965, net result €107,528, both a record.
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €1,623
Net result €1,623 after one loss-making year.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€1,893
Net result drops to -€1,893, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 19current ratio 91.86
Current ratio from 4.73 to 91.86; short-term debt falls from €21,174 to €801.
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €100,000Eq €105,001 ▲96.9%
2 profitable years in a row build equity to €105,001.
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Beveren-Kruibeke-Zwijndrecht · 2 establishment units since 2019
Ground area
6,603 m²
Building footprint
759 m²
Volume, LiDAR
3,811 m³
2 parcels, Flanders · tallest building 18.4 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Advocaat Inge Vanhoutte
since 20192.289.760.917
Advocaat Inge Vanhoutte
since 20192.289.761.016
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B1237/00E002 | Flanders | 6,060 m² | 1 · 584 m² | 18.4 m · 1 fl. |
| 46503C0410/00F002 | Flanders | 543 m² | 1 · 175 m² | 9.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,075 companies in sector 69101 we hold annual accounts for 9,061. 5,144 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
Founded27-05-2019
Fiscal year end31-03
Activities, NACEBEL 2025
69101Activities of lawyers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727503661
Also
9925:BE0727503661
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.