IVIC
ActiveSummary
IVIC has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79k and a net result of €-32k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 15% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-36
Solvency33▼-3
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.27 in 2024; short-term debt: 13.5% and cash: 5.9% of total assets), but 91.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 637 sector peers (2025).
NBB · sector comparisonPosition among 637 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 5 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
5 d late
2022
51 d late
2021
24 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-32k
2024 · €29k
2021: €-44k
2022: €30k
2023: €-28k
2024: €29k
2021 → 2025
Working capital
€159k▼ 6.2%
2024 · €170k
2021: €-90k
2022: €51k
2023: €88k
2024: €170k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€110k▲ 36.5%€83k▼ 25.2%€111k▲ 34.6%€79k▼ 29.1%
Operating result€-40k-€41k€-6k€49k€19k▼ 61.2%
Net result€-44k-€30k€-28k€29k€-32k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €957k
Fixed assets
€668k ▼ 9.2%
Current assets
€289k ▼ 4.9%
Equity and liabilities €957k
Equity
€79k ▼ 29.1%
Debt
€878k ▼ 5.4%
Debt's share of the balance-sheet total rises from 89.3% to 91.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€87k▼
2024 · €116k
Cash flow
€35k▼
2024 · €96k
Current ratio
2.23▼
2024 · 2.27
Debt to equity
11.15▲
2024 · 8.35
ROE
-41.1%▼
2024 · 25.7%
ROA
-3.4%▼
2024 · 2.7%
Interest coverage
1.40▼
2024 · 4.82
Debt ≤ 1 year
€129k▼
2024 · €134k
Debt > 1 year
€663k▼
2024 · €765k
Income taxes
€99▼
2024 · €108
Staff costs
€0▼
2024 · €6k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.04M€957k▼
Fixed assets21/28€736k€668k▼
Intangible fixed assets21€5k€2k▼
Tangible fixed assets22/27€540k€476k▼
Plant, machinery and equipment23€41k€17k▼
Furniture and vehicles24€1k€729▼
Other tangible fixed assets26€498k€458k▼
Financial fixed assets28€190k€190k=
Current assets29/58€304k€289k▼
Amounts receivable after more than one year29€150k€150k=
Other amounts receivable291€150k€150k=
Amounts receivable within one year40/41€106k€68k▼
Trade receivables40€105k€68k▼
Other amounts receivable41€410€123▼
Cash at bank and in hand54/58€44k€56k▲
Deferred charges and accrued income490/1€4k€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.04M€957k▼
Equity10/15€111k€79k▼
Contributions10/11€125k€125k=
Capital10€125k€125k=
Issued capital100€125k€125k=
Profit (loss) carried forward14€-14k€-46k▼
Amounts payable17/49€928k€878k▼
Amounts payable after more than one year17€765k€663k▼
Financial debts170/4€276k€174k▼
Other amounts payable178/9€489k€489k=
Amounts payable within one year42/48€134k€129k▼
Current portion of amounts payable after more than one year42€100k€102k▲
Trade debts44€14k€13k▼
Suppliers440/4€14k€13k▼
Taxes, remuneration and social security45€18k€13k▼
Taxes450/3€18k€13k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€1k€1k=
Accrued charges and deferred income492/3€30k€86k▲
Income statement
Code20242025
Remuneration, social security and pensions62€6k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€67k▲
Other operating charges640/8€14k€13k▼
Gross operating margin9900€137k€100k▼
Operating profit (loss)9901€49k€19k▼
Financial income75/76B€4k€11k▲
Recurring financial income75€4k€11k▲
Financial charges65/66B€24k€62k▲
Recurring financial charges65€24k€62k▲
Profit (loss) for the period before taxes9903€29k€-32k▼
Income taxes67/77€108€99▼
Profit (loss) for the period9904€29k€-32k▼
Profit (loss) for the period to be appropriated9905€29k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-46k▼
Profit (loss) brought forward from the previous period14P€-42k€-14k▲
The notes to these accounts (12 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
31-12
Financial
Equity above €100kEq €111k ▲34.6%
Equity rises from €83k to €111k.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 51 days late
2022
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Equity above €100kEq €110k ▲36.5%
Equity rises from €81k to €110k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 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 2021
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.
Michel De Braeystraat 662000 AntwerpenGround area
2,105 m²
Building footprint
1,092 m²
Parcel 11811L3992/00B000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
IVIC- LAB - DOSE - SHIFT
since 20212.318.512.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3992/00B000 | Flanders | 2,105 m² | 1 · 1,092 m² | 0.1 m |
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.
Similar companies · same sector, comparable size
DMO KINE
BE 0809.370.968
Namur · Eq €78,751
Activate Kine
BE 0693.688.273
Beveren-Kruibeke-Zwijndrecht · Eq €78,770
FISIX
BE 0728.925.997
Sint-Pieters-Leeuw · Eq €78,881
KINE MEYNENDONCKX
BE 1002.236.464
Rijkevorsel · Eq €78,570
GUNTHER KEMEL
BE 0732.872.612
Gistel · Eq €78,995
Of 12,686 companies in sector 86951 we hold annual accounts for 2,142. 1,909 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 formPublic limited company
Founded10-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
56111Full-service restaurants
56301Cafés and bars
85510Sports and recreation education
86995Nutrition and dietetics services
93130Fitness centres
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.