iVECS
ActiveiVECS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €295k and a net result of €63k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 60% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▼-2
Solvency96▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.07 in 2023; short-term debt: 19.4% and cash: 26.3% of total assets), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
6 d late
2022
30 d late
2021
22 d late
2020
20 d late
2019
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€295k▲ 12.5%
2023 · €262k
2018: €273k
2019: €230k
2020: €190k
2021: €209k
2022: €229k
2023: €262k
2018 → 2024
Total assets
€417k▲ 7.9%
2023 · €386k
2018: €337k
2019: €375k
2020: €366k
2021: €470k
2022: €380k
2023: €386k
2018 → 2024
Net result
€63k▼ 2.7%
2023 · €64k
2018: €31k
2019: €30k
2020: €45k
2021: €46k
2022: €48k
2023: €64k
2018 → 2024
Working capital
€117k▲ 51.2%
2023 · €78k
2018: €141k
2019: €89k
2020: €29k
2021: €175k
2022: €67k
2023: €78k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€190k-€209k▲ 10.3%€229k▲ 9.4%€262k▲ 14.6%€295k▲ 12.5%
Operating result€68k-€68k▼ 1.1%€69k▲ 2.7%€92k▲ 32.7%€89k▼ 3.4%
Net result€45k-€46k▲ 1.6%€48k▲ 4.7%€64k▲ 33.9%€63k▼ 2.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €417k
Fixed assets
€218k▼ 7.4%
Current assets
€198k▲ 32.0%
Equity and liabilities €417k
Equity
€295k▲ 12.5%
Debt
€122k▼ 1.7%
The debt ratio falls from 32.0% to 29.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▲
2023 · €115k
Cash flow
€91k▲
2023 · €88k
Solvency
70.8%▲
2023 · 68.0%
Current ratio
2.45▲
2023 · 2.07
Quick ratio
2.45▲
2023 · 2.07
Debt / equity
0.41▼
2023 · 0.47
ROE
21.3%▼
2023 · 24.6%
ROA
15.1%▼
2023 · 16.7%
Interest coverage
75.92▲
2023 · 46.91
Debt
€122k▼
2023 · €124k
Debt ≤ 1 year
€81k▲
2023 · €72k
Debt > 1 year
€41k▼
2023 · €51k
Income taxes
€25k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€386k€417k▲
Fixed assets21/28€236k€218k▼
Tangible fixed assets22/27€236k€218k▼
Land and buildings22€102k€99k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€54k€43k▼
Other tangible fixed assets26€75k€74k▼
Current assets29/58€150k€198k▲
Amounts receivable within one year40/41€95k€86k▼
Trade receivables40€94k€86k▼
Other amounts receivable41€787-
Cash at bank and in hand54/58€52k€109k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€386k€417k▲
Equity10/15€262k€295k▲
Contributions10/11€19k€19k=
Reserves13€235k€267k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€233k€266k▲
Profit (loss) carried forward14€9k€9k▲
Amounts payable17/49€124k€122k▼
Amounts payable after more than one year17€51k€41k▼
Financial debts170/4€41k€21k▼
Other amounts payable178/9€10k€20k▲
Amounts payable within one year42/48€72k€81k▲
Current portion of amounts payable after more than one year42€26k€20k▼
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Taxes, remuneration and social security45€14k€17k▲
Taxes450/3€14k€17k▲
Other amounts payable47/48€31k€31k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€28k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€118k€119k▲
Operating profit (loss)9901€92k€89k▼
Financial income75/76B€1€71▲
Recurring financial income75€1€71▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€90k€88k▼
Income taxes67/77€25k€25k▼
Profit (loss) for the period9904€64k€63k▼
Profit (loss) for the period to be appropriated9905€64k€63k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€72k▼
Profit (loss) brought forward from the previous period14P€8k€9k▲
Transfer from equity791/2€31k€30k▼
Transfer to equity691/2€64k€63k▼
To other reserves6921€64k€63k▼
Profit to be distributed694/7€31k€30k▼
Return on contributions (dividend)694€31k€30k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Highest result since 2018net €64k ▲33.9%
Operating result €92k, net result €64k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.03
Current ratio from 1.24 to 3.03; short-term debt falls from €124k to €86k.
31-12
Financial
Equity above €200kEq €209k ▲10.3%
4 profitable years in a row build equity to €209k.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €30k ▼3.6%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kortemark · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gouden-Hoofdstraat 368610 KortemarkGround area
139 m²
Building footprint
204 m²
Volume, LiDAR
1,215 m³
Parcel 32005G0239/00A000, Flanders · tallest building 15.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
iVECS
since 20092.179.399.661
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005G0239/00A000 | Flanders | 139 m² | 1 · 203 m² | 15.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,913 EUR awarded · 1,975 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 653 EUR |
| 2024 | 1 | 1,913 EUR | 1,260 EUR |
| 2023 | 1 | 0 EUR | 62 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 13,791 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-06-2009
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
46510Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:hans.ostyn@gmail.com
Phone:0486/24.84.09