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IVDC

Active
Private limited company (pre-2019)founded 201412 yrs activeKBO/BCE: BE 0556.654.888
Summary

The computed 12-month bankruptcy probability of IVDC is 3.7% (moderate). The 2024 annual accounts show negative equity (-€6,616) and a net result of -€594. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 6159 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes · tick = 2023
Profitability60▲+52
Solvency0▼-10
Growth52=
Track record92
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.85 in 2023; short-term debt: 180.7% and cash: 10.3% of total assets), and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
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 2024
Solvency, return and age of the figures
Solvency
-80.7%
Return on assets
-7.2%
Age of the figures
21 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 12 years 0 20 y
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€6,616
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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 filings
Deviation from the deadline
2025
not confirmed
2024
71 d late
2023
37 d early
2022
on the day
2021
5 d late
2020
12 d early
2019
68 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

IVDC was incorporated on 16 July 2014.1 Total assets fell from EUR 98,228 in 2018 to EUR 8,198 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€235,491
EBIT margin
6.3%
Net result
-€594▲ 82.7%
2023 · -€3,436
Working capital
-€12,791▼ 85.2%
2023 · -€6,907
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, 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
Line20202021202220232024
Turnover
Operating result€13,079▼ 12.1%€3,276▼ 75.0%-€2,920-€3,134▼ 7.3%€519
Net result€12,832above the sector's middle half▼ 9.9%-€1,808within the sector's middle half-€3,065within the sector's middle half▼ 69.5%-€3,436within the sector's middle half▼ 12.1%-€594within the sector's middle half▲ 82.7%
EBIT margin
Equity€2,286within the sector's middle half€479within the sector's middle half▼ 79.1%-€2,586within the sector's middle half-€6,023within the sector's middle half▼ 133%-€6,616below the sector's middle half▼ 9.9%
Total assets€50,444within the sector's middle half▼ 1.4%€45,561within the sector's middle half▼ 9.7%€40,031within the sector's middle half▼ 12.1%€40,568within the sector's middle half▲ 1.3%€8,198below the sector's middle half▼ 79.8%
Debt€48,158▼ 21.9%€45,083▼ 6.4%€42,617▼ 5.5%€46,590▲ 9.3%€14,814▼ 68.2%
Working capital-€653-€1,556▼ 138%-€4,046▼ 160%-€6,907▼ 70.7%-€12,791▼ 85.2%
Solvency4.5%within the sector's middle half▲ 25.2pp1.1%within the sector's middle half▼ 3.5pp-6.5%within the sector's middle half▼ 7.5pp-14.8%within the sector's middle half▼ 8.4pp-80.7%below the sector's middle half▼ 65.9pp
above within below the middle half (P25 to P75) of NACE 96, Personal service 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
-€5,000€0€5,000€10,000€15,000Operating result 2020: €13,079€13,079Net result 2020: €12,832€12,832Operating result 2021: €3,276€3,276Net result 2021: -€1,808-€1,808Operating result 2022: -€2,920-€2,920Net result 2022: -€3,065-€3,065Operating result 2023: -€3,134-€3,134Net result 2023: -€3,436-€3,436Operating result 2024: €519€519Net result 2024: -€594-€59420202021202220232024-€4,000-€3,000-€2,000-€1,000€0€1,000Operating result 2022: -€2,920-€2,920Net result 2022: -€3,065-€3,060Operating result 2023: -€3,134-€3,130Net result 2023: -€3,436-€3,440Operating result 2024: €519€519Net result 2024: -€594-€594202220232024
The operating result returns to profit in 2024: €519 after a loss of €3,134 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8,198
Fixed assets €6,175 ▲ 598%
Current assets €2,023 ▼ 94.9%
Key figures and ratios
2024 value · change against 2023
EBITDA
€2,267▲
2023 · -€2,559
Cash flow
€1,154▲
2023 · -€2,862
Current ratio
0.14▼
2023 · 0.85
Debt to equity
-2.24▲
2023 · -7.74
ROA
-7.2%▲
2023 · -8.5%
Interest coverage
13.24▲
2023 · -8.45
Debt ≤ 1 year
€14,814▼
2023 · €46,590
Income taxes
€941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a small loss
2.5% went bankrupt
5.6% stopped otherwise
90% still going

A further 1.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,338 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 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€40,568€8,198▼
Fixed assets21/28€885€6,175▲
Tangible fixed assets22/27€575€5,865▲
Furniture and vehicles24-€5,865
Other tangible fixed assets26€575-
Financial fixed assets28€310€310=
Current assets29/58€39,683€2,023▼
Amounts receivable within one year40/41€39,653€605▼
Trade receivables40€1,815€605▼
Other amounts receivable41€37,838-
Cash at bank and in hand54/58€30€843▲
Deferred charges and accrued income490/1-€575
Equity and liabilities
Total equity and liabilities10/49€40,568€8,198▼
Equity10/15-€6,023-€6,616▼
Contributions10/11€18,600€18,600=
Capital10€18,600-
Issued capital100€18,600-
Profit (loss) carried forward14-€24,623-€25,216▼
Amounts payable17/49€46,590€14,814▼
Amounts payable within one year42/48€46,590€14,814▼
Financial debts43-€6
Credit institutions430/8-€6
Trade debts44€7,140€572▼
Suppliers440/4€7,140€572▼
Taxes, remuneration and social security45€138€2,232▲
Taxes450/3€138€2,232▲
Other amounts payable47/48€39,313€12,004▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€575€1,748▲
Other operating charges640/8€2,161€1,025▼
Gross operating margin9900-€398€3,292▲
Operating profit (loss)9901-€3,134€519▲
Financial charges65/66B€303€171▼
Recurring financial charges65€303€171▼
Profit (loss) for the period before taxes9903-€3,436€348▲
Income taxes67/77-€941
Profit (loss) for the period9904-€3,436-€594▲
Profit (loss) for the period to be appropriated9905-€3,436-€594▲
Appropriation of the result
Profit (loss) to be appropriated9906-€24,623-€25,216▼
Profit (loss) brought forward from the previous period14P-€21,186-€24,623▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€904€904€575€575€1,748▲ 204%
Other operating charges640/8-€2,182€85€2,161€1,025▼ 52.6%
Gross operating margin9900€14,175€6,362-€2,260-€398€3,292▲ 928%
Operating profit (loss)9901€13,079€3,276-€2,920-€3,134€519▲ 117%
Financial charges65/66B-€330€145€303€171▼ 43.5%
Recurring financial charges65€247€330€145€303€171▼ 43.5%
Profit (loss) for the period before taxes9903€12,832€2,946-€3,065-€3,436€348▲ 110%
Income taxes67/77-€4,754--€941-
Profit (loss) for the period9904€12,832-€1,808-€3,065-€3,436-€594▲ 82.7%
Profit (loss) for the period to be appropriated9905€12,832-€1,808-€3,065-€3,436-€594▲ 82.7%
Line20202021202220232024Change
Assets
Total assets20/58€50,444€45,561€40,031€40,568€8,198▼ 79.8%
Fixed assets21/28€2,939€2,035€1,460€885€6,175▲ 598%
Tangible fixed assets22/27€2,629€1,725€1,150€575€5,865▲ 920%
Furniture and vehicles24----€5,865-
Other tangible fixed assets26-€1,725€1,150€575--
Financial fixed assets28€310€310€310€310€310=
Current assets29/58€47,505€43,527€38,572€39,683€2,023▼ 94.9%
Amounts receivable within one year40/41€38,272€43,132€38,432€39,653€605▼ 98.5%
Trade receivables40-€2,039-€1,815€605▼ 66.7%
Other amounts receivable41-€41,093€38,432€37,838--
Cash at bank and in hand54/58€3,405€101€140€30€843▲ 2,702%
Deferred charges and accrued income490/1-€293--€575-
Equity and liabilities
Total equity and liabilities10/49€50,444€45,561€40,031€40,568€8,198▼ 79.8%
Equity10/15€2,286€479-€2,586-€6,023-€6,616▼ 9.9%
Contributions10/11€18,600€18,600€18,600€18,600€18,600=
Capital10--€18,600€18,600--
Issued capital100--€18,600€18,600--
Profit (loss) carried forward14-€16,314-€18,121-€21,186-€24,623-€25,216▼ 2.4%
Amounts payable17/49€48,158€45,083€42,617€46,590€14,814▼ 68.2%
Amounts payable within one year42/48€48,158€45,083€42,617€46,590€14,814▼ 68.2%
Financial debts43----€6-
Credit institutions430/8----€6-
Trade debts44€1,576€2,377€2,388€7,140€572▼ 92.0%
Suppliers440/4-€2,377€2,388€7,140€572▼ 92.0%
Taxes, remuneration and social security45-€68€68€138€2,232▲ 1,522%
Taxes450/3-€68€68€138€2,232▲ 1,522%
Other amounts payable47/48-€42,637€40,161€39,313€12,004▼ 69.5%
Line20202021202220232024Change
Profit (loss) for the period9904€12,832-€1,808-€3,065-€3,436-€594▲ 82.7%
+ Depreciation and write-downs630€904€904€575€575€1,748▲ 204%
Operating cash flow (approximation)€13,736-€903-€2,490-€2,862€1,154▲ 140%
Investment in fixed assets (approximation)-€0€0€0-€7,038-
Change in cash--€3,304€38-€109€813▲ 842%

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

2026
13-08
KBO administration Address struck
event 19-06-2026
2025
10-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
24-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet -€3,436
Net result drops to -€3,436, the lowest in the series; recovery starts the following year.
31-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
05-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
19-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
07-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial Highest result since 2018net €14,248 ▲967%
Operating result €14,873, net result €14,248, both a record.
29-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 60 days late
2018
28-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
03-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts

We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
9 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, Etterbeek · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
1,051 m²
Building footprint
250 m²
Volume, LiDAR
1,619 m³
2 parcels, Brussels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
64 companies at this address See who is registered here
1 establishment unit
IVDC
Meerstraat 161, 1852 GrimbergenRetail sale of cosmetics and toilet articles
since 20142.234.268.603
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23005B0338/00C000 Flanders 976 m² 1 · 187 m² 6.3 m · 1 fl.
21364B0183/00H003 Brussels 75 m² 1 · 63 m² 17.8 m · 5 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.

Similar companies · same sector, comparable size

Of 6,709 companies in sector 96230 we hold annual accounts for 628. 84 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)
Founded16-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 27 September 2026 · Peppol Directory

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