IVEA
ActiveSummary
IVEA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421,790 and a net result of -€21,515. Equity is shrinking by ~4.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-6
Solvency68▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.33 in 2024; short-term debt: 13.8% and cash: 2.8% of total assets), and 57.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€21,515
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filingsDeviation from the deadline
2025
31 d late
2024
8 d late
2023
245 d late
2022
30 d late
2021
142 d late
2020
385 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 124 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 31 August (4 of the last 5 filed years within 111 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€21,515▼ 15.9%
2024 · -€18,566
Working capital
€16,349▼ 65.5%
2024 · €47,396
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-€18,924▲ 50.1%-€39,724▼ 110%-€6,356▲ 84.0%-€16,862▼ 165%-€23,876▼ 41.6%
Net result-€17,232▲ 51.2%-€36,502▼ 112%-€10,187▲ 72.1%-€18,566▼ 82.3%-€21,515▼ 15.9%
Equity€508,561▼ 3.3%€472,058▼ 7.2%€461,871▼ 2.2%€443,305▼ 4.0%€421,790▼ 4.9%
Total assets€1.1m▲ 8.9%€1.1m▼ 3.4%€1.1m▼ 1.6%€1.1m▼ 1.8%€984,183▼ 6.7%
Debt€457,758▲ 33.4%€460,931▲ 0.7%€459,517▼ 0.3%€465,828▲ 1.4%€423,283▼ 9.1%
Working capital€152,622▼ 20.3%€85,011▼ 44.3%€70,783▼ 16.7%€47,396▼ 33.0%€16,349▼ 65.5%
Staff (FTE)
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23,876 in 2025 against €16,862 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €984,183
Fixed assets
€832,228 ▼ 3.7%
Current assets
€151,955 ▼ 20.3%
Equity and liabilities €984,183
Equity
€421,790 ▼ 4.9%
Provisions
€139,110 ▼ 4.6%
Debt
€423,283 ▼ 9.1%
Debt's share of the balance-sheet total falls from 44.2% to 43.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,922▼
2024 · €15,811
Cash flow
€10,283▼
2024 · €14,107
Current ratio
1.12▼
2024 · 1.33
Debt to equity
1.00▼
2024 · 1.05
ROE
-5.1%▼
2024 · -4.2%
ROA
-2.2%▼
2024 · -1.8%
Interest coverage
2.12▼
2024 · 2.82
Debt ≤ 1 year
€135,607▼
2024 · €143,151
Debt > 1 year
€287,676▼
2024 · €322,676
Income taxes
€652▼
2024 · €2,815
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 8,616 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,674 | €41,019 | €35,589 | €32,673 | €31,798 | ▼ 2.7% |
| Other operating charges640/8 | €7,221 | €21,669 | €11,795 | €10,722 | €17,329 | ▲ 61.6% |
| Gross operating margin9900 | €25,970 | €22,964 | €41,028 | €26,533 | €25,251 | ▼ 4.8% |
| Operating profit (loss)9901 | -€18,924 | -€39,724 | -€6,356 | -€16,862 | -€23,876 | ▼ 41.6% |
| Financial income75/76B | €503 | €3,136 | €2,346 | €71 | €117 | ▲ 65.0% |
| Recurring financial income75 | €503 | €1,775 | €2,346 | €71 | €117 | ▲ 65.0% |
| Non-recurring financial income76B | - | €1,361 | - | - | - | - |
| Financial charges65/66B | €4,299 | €4,943 | €11,428 | €5,598 | €3,742 | ▼ 33.2% |
| Recurring financial charges65 | €4,299 | €4,943 | €11,428 | €5,598 | €3,742 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | -€22,721 | -€41,531 | -€15,437 | -€22,389 | -€27,501 | ▼ 22.8% |
| Transfer from deferred taxes780 | €5,378 | €5,378 | €5,378 | €6,638 | €6,638 | = |
| Income taxes67/77 | -€111 | €350 | €128 | €2,815 | €652 | ▼ 76.8% |
| Profit (loss) for the period9904 | -€17,232 | -€36,502 | -€10,187 | -€18,566 | -€21,515 | ▼ 15.9% |
| Transfer from tax-exempt reserves789 | €12,804 | €12,804 | €12,804 | €15,802 | €15,802 | = |
| Profit (loss) for the period to be appropriated9905 | -€4,428 | -€23,698 | €2,617 | -€2,765 | -€5,713 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | €984,183 | ▼ 6.7% |
| Fixed assets21/28 | €933,513 | €928,922 | €897,006 | €864,333 | €832,228 | ▼ 3.7% |
| Tangible fixed assets22/27 | €933,513 | €928,922 | €897,006 | €864,333 | €832,228 | ▼ 3.7% |
| Land and buildings22 | €926,528 | €924,595 | €893,473 | €862,351 | €831,777 | ▼ 3.5% |
| Furniture and vehicles24 | €6,985 | €4,327 | €3,533 | €1,983 | €451 | ▼ 77.3% |
| Current assets29/58 | €195,947 | €161,831 | €176,767 | €190,547 | €151,955 | ▼ 20.3% |
| Amounts receivable within one year40/41 | €5,971 | €5,530 | €15,118 | €14,266 | €14,266 | = |
| Trade receivables40 | €5,360 | €5,530 | €11,591 | €10,739 | €10,739 | = |
| Other amounts receivable41 | €611 | - | €3,527 | €3,527 | €3,527 | = |
| Current investments50/53 | €181,940 | €141,566 | €135,576 | €128,136 | €109,748 | ▼ 14.4% |
| Cash at bank and in hand54/58 | €8,036 | €14,734 | €26,073 | €48,145 | €27,941 | ▼ 42.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | €984,183 | ▼ 6.7% |
| Equity10/15 | €508,561 | €472,058 | €461,871 | €443,305 | €421,790 | ▼ 4.9% |
| Contributions10/11 | €206,010 | €206,010 | €206,010 | €206,010 | €206,010 | = |
| Revaluation surpluses12 | €85,364 | €85,364 | €85,364 | €85,364 | €85,364 | = |
| Reserves13 | €418,856 | €406,052 | €393,248 | €377,447 | €361,645 | ▼ 4.2% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | €388,386 | €375,582 | €362,778 | €346,977 | €331,175 | ▼ 4.6% |
| Distributable reserves133 | €28,470 | €28,470 | €28,470 | €28,470 | €28,470 | = |
| Profit (loss) carried forward14 | -€201,669 | -€225,368 | -€222,751 | -€225,516 | -€231,229 | ▼ 2.5% |
| Provisions and deferred taxes16 | €163,142 | €157,764 | €152,385 | €145,748 | €139,110 | ▼ 4.6% |
| Deferred taxes168 | €163,142 | €157,764 | €152,385 | €145,748 | €139,110 | ▼ 4.6% |
| Amounts payable17/49 | €457,758 | €460,931 | €459,517 | €465,828 | €423,283 | ▼ 9.1% |
| Amounts payable after more than one year17 | €414,432 | €384,111 | €353,532 | €322,676 | €287,676 | ▼ 10.8% |
| Financial debts170/4 | €409,182 | €378,861 | €348,282 | €317,426 | €282,426 | ▼ 11.0% |
| Other amounts payable178/9 | €5,250 | €5,250 | €5,250 | €5,250 | €5,250 | = |
| Amounts payable within one year42/48 | €43,325 | €76,820 | €105,985 | €143,151 | €135,607 | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | €34,869 | €30,322 | €30,579 | €30,856 | €35,000 | ▲ 13.4% |
| Trade debts44 | €869 | €13,502 | €2,947 | €2,456 | €4,998 | ▲ 103% |
| Suppliers440/4 | €869 | €13,502 | €2,947 | €2,456 | €4,998 | ▲ 103% |
| Taxes, remuneration and social security45 | €531 | €89 | €122 | €2,916 | €585 | ▼ 79.9% |
| Taxes450/3 | €531 | €89 | €122 | €2,916 | €585 | ▼ 79.9% |
| Other amounts payable47/48 | €7,056 | €32,908 | €72,337 | €106,923 | €95,023 | ▼ 11.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,232 | -€36,502 | -€10,187 | -€18,566 | -€21,515 | ▼ 15.9% |
| + Depreciation and write-downs630 | €37,674 | €41,019 | €35,589 | €32,673 | €31,798 | ▼ 2.7% |
| Operating cash flow (approximation) | €20,442 | €4,516 | €25,402 | €14,107 | €10,283 | ▼ 27.1% |
| Investment in fixed assets (approximation) | - | -€36,428 | -€3,673 | €0 | €307 | - |
| Change in cash | - | €6,698 | €11,338 | €22,072 | -€20,204 | ▼ 192% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
23-03
State Gazette act
Resignation: Moulin Philippe (sole director)Appointment: CHANTRY Jean-Paul François Yves Ghislain (director) · Mandate compensation · Registered-office move6 facts ▸
State Gazette act
Resignation: Moulin Philippe (sole director)
Appointment: CHANTRY Jean-Paul François Yves Ghislain (director) · Mandate compensation · Registered-office move6 facts ▸
- General meeting, 18/02/2026
- Director resignation, Moulin Philippe (sole director)
- Director appointment, CHANTRY Jean-Paul François Yves Ghislain (director)
- Mandate compensation, CHANTRY Jean-Paul François Yves Ghislain
- Registered-office move, 4260 Braives, place du Carcan, 11
- Power of attorney, CHANTRY Jean-Paul François Yves Ghislain
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 245 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 385 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Weakest financial yearnet -€81,250
Net result drops to -€81,250, the lowest in the series; recovery starts the following year.
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 119 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
CHANTRY Jean-Paul François Yves Ghislain
CurrentDirector · since 18-02-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Braives · 1 establishment unit since 1994
Ground area
3,593 m²
Building footprint
315 m²
Volume, LiDAR
2,162 m³
2 parcels, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Iseghemstraat 161, 7700 Mouscron
since 19942.067.030.408
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64015A1048/00G000 | Wallonia | 2,128 m² | 1 · 103 m² | 9.8 m · 3 fl. |
| 54433E0564/00B004 | Wallonia | 1,465 m² | 1 · 213 m² | 8.1 m · 2 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.
Mandate history
2 people since 2025, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CHANTRY Jean-Paul François Yves Ghislain |
|
| MOULIN Philippe |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
9845007549B4B0E40B48
Identification & contact
Identification
Legal formPrivate limited company
Founded02-02-1994
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452001786
Also
9925:BE0452001786
Registered
07-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.