IVEX TRADE
ActiveSummary
IVEX TRADE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €445k and a net result of €240k. Equity is growing by ~62.5% per year across the filed fiscal years. Its solvency ranks better than 24% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-19
Solvency43▼-24
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.71 in 2024; short-term debt: 81.7% and cash: 4% of total assets), and 81.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 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 2025Solvency, return and age of the figures
Solvency
18.3%
Return on assets
9.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 24%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
10 d early
2022
32 d late
2021
17 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.58M
EBIT margin
2.9%
Net result
€240k▼ 26.0%
2024 · €325k
2021: €45k
2022: €58k
2023: €177k
2024: €325k
2021 → 2025
Working capital
€350k▼ 34.4%
2024 · €534k
2021: €69k
2022: €129k
2023: €209k
2024: €534k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.58M-
Equity€75k-€133k▲ 77.5%€210k▲ 57.8%€535k▲ 154%€445k▼ 16.8%
Operating result€45k-€65k▲ 45.1%€224k▲ 243%€425k▲ 89.6%€357k▼ 16.1%
Net result€45k-€58k▲ 29.0%€177k▲ 204%€325k▲ 83.3%€240k▼ 26.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.43M
Fixed assets
€95k ▲ 12,045%
Current assets
€2.34M ▲ 81.6%
Equity and liabilities €2.43M
Equity
€445k ▼ 16.8%
Debt
€1.98M ▲ 164%
Debt's share of the balance-sheet total rises from 58.4% to 81.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€368k▼
2024 · €425k
Cash flow
€251k▼
2024 · €325k
Current ratio
1.18▼
2024 · 1.71
Quick ratio
0.87▼
2024 · 1.29
Debt to equity
4.46▲
2024 · 1.41
ROE
54.0%▼
2024 · 60.7%
ROA
9.9%▼
2024 · 25.2%
Interest coverage
163.26▼
2024 · 624.49
Debt ≤ 1 year
€1.98M▲
2024 · €752k
Income taxes
€115k▲
2024 · €101k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.29M€2.43M▲
Fixed assets21/28€778€95k▲
Tangible fixed assets22/27€508€94k▲
Plant, machinery and equipment23-€791
Furniture and vehicles24€508€93k▲
Financial fixed assets28€270€270=
Current assets29/58€1.29M€2.34M▲
Stocks and contracts in progress3€318k€605k▲
Stocks30/36€318k€605k▲
Amounts receivable within one year40/41€724k€1.63M▲
Trade receivables40€711k€1.59M▲
Other amounts receivable41€13k€46k▲
Cash at bank and in hand54/58€243k€98k▼
Deferred charges and accrued income490/1€322€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.29M€2.43M▲
Equity10/15€535k€445k▼
Contributions10/11€30k€30k=
Capital10€30k€30k=
Issued capital100€30k€30k=
Profit (loss) carried forward14€505k€415k▼
Amounts payable17/49€752k€1.98M▲
Amounts payable within one year42/48€752k€1.98M▲
Trade debts44€541k€1.41M▲
Suppliers440/4€541k€1.41M▲
Advances received on contracts in progress46€72k€274k▲
Taxes, remuneration and social security45€139k€297k▲
Taxes450/3€139k€297k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€187€11k▲
Other operating charges640/8€556k€918k▲
Gross operating margin9900€981k€1.29M▲
Operating profit (loss)9901€425k€357k▼
Financial income75/76B€2k€906▼
Recurring financial income75€2k€842▼
Non-recurring financial income76B-€64
Financial charges65/66B€680€2k▲
Recurring financial charges65€680€2k▲
Profit (loss) for the period before taxes9903€426k€355k▼
Income taxes67/77€101k€115k▲
Profit (loss) for the period9904€325k€240k▼
Profit (loss) for the period to be appropriated9905€325k€240k▼
Appropriation of the result
Profit (loss) to be appropriated9906€505k€745k▲
Profit (loss) brought forward from the previous period14P€180k€505k▲
Profit to be distributed694/7-€330k
Return on contributions (dividend)694-€330k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €325k ▲83.3%
Operating result €425k, net result €325k, both a record.
31-12
Financial
Equity above €500kEq €535k ▲154%
4 profitable years in a row build equity to €535k.
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €210k ▲57.8%
3 profitable years in a row build equity to €210k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €100kEq €133k ▲77.5%
2 profitable years in a row build equity to €133k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 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, Antwerpen · 1 establishment unit since 2020
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.
De Keyserlei 60C2018 AntwerpenGround area
2.6 ha
Building footprint
1.5 ha
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
IVEX TRADE
since 20202.299.336.401
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007C0202/00F000 | Flanders | 2.3 ha | 1 · 1.4 ha | - |
| 11808H1298/00C000 | Flanders | 3,154 m² | 1 · 885 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBornem2.299.336.401
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Of 1,581 companies in sector 46349 we hold annual accounts for 987. 684 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.