IVICO
ActiveIVICO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €111k and a net result of €16k. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 13% of 3256 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy▲ +12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-29
Solvency19▲+9
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.82 in 2024), and 94.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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 69
Relative position
BE, all sectors
reference
Sector 69
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
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
5.7%
Return on assets
0.8%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 3256 sector peers (2025).
NBB · sector comparisonPosition among 3256 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €111k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
70 d late
2023
31 d late
2022
on the day
2021
36 d late
2020
38 d late
2019
8 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€111k▲ 15.1%
2024 · €97k
2019: €135k
2020: €151k
2021: €78k
2022: €67k
2023: €82k
2024: €97k
2019 → 2025
Total assets
€1.96M▲ 2.1%
2024 · €1.92M
2019: €1.35M
2020: €1.24M
2021: €2.04M
2022: €2.02M
2023: €1.97M
2024: €1.92M
2019 → 2025
Net result
€16k▼ 83.4%
2024 · €96k
2019: €35k
2020: €16k
2021: €-72k
2022: €-10k
2023: €17k
2024: €96k
2019 → 2025
Working capital
€44k
2024 · €-31k
2019: €-191k
2020: €-196k
2021: €-265k
2022: €-83k
2023: €-115k
2024: €-31k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€67k▼ 14.5%€82k▲ 23.4%€97k▲ 17.2%€111k▲ 15.1%
Operating result€-48k-€17k€67k▲ 305%€120k▲ 78.9%€38k▼ 68.0%
Net result€-72k-€-10k▲ 86.0%€17k€96k▲ 464%€16k▼ 83.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.96M
Fixed assets
€1.69M▼ 5.3%
Current assets
€277k▲ 95.9%
Equity and liabilities €1.96M
Equity
€111k▲ 15.1%
Provisions
€131k▼ 1.2%
Debt
€1.72M▲ 1.6%
The debt ratio falls from 88.1% to 87.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€143k▼
2024 · €224k
Cash flow
€120k▼
2024 · €200k
Solvency
5.7%▲
2024 · 5.0%
Current ratio
1.19▲
2024 · 0.82
Quick ratio
1.19▲
2024 · 0.82
Debt / equity
15.48▼
2024 · 17.53
ROE
14.3%▼
2024 · 98.9%
ROA
0.8%▼
2024 · 5.0%
Interest coverage
5.73▼
2024 · 8.27
Debt
€1.72M▲
2024 · €1.69M
Debt ≤ 1 year
€233k▲
2024 · €173k
Debt > 1 year
€1.49M▼
2024 · €1.52M
Income taxes
€3k▲
2024 · €300
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.92M€1.96M▲
Fixed assets21/28€1.78M€1.69M▼
Intangible fixed assets21€5k€4k▼
Tangible fixed assets22/27€1.78M€1.68M▼
Land and buildings22€1.53M€1.45M▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€25k€18k▼
Other tangible fixed assets26€210k€210k=
Financial fixed assets28€518€518=
Current assets29/58€142k€277k▲
Amounts receivable within one year40/41€54k€223k▲
Trade receivables40€54k€103k▲
Other amounts receivable41-€120k
Cash at bank and in hand54/58€85k€51k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€1.92M€1.96M▲
Equity10/15€97k€111k▲
Contributions10/11€12k€12k=
Reserves13€260k€257k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€258k€255k▼
Profit (loss) carried forward14€-212k€-193k▲
Investment grants15€37k€36k▼
Provisions and deferred taxes16€133k€131k▼
Deferred taxes168€133k€131k▼
Amounts payable17/49€1.69M€1.72M▲
Amounts payable after more than one year17€1.52M€1.49M▼
Financial debts170/4€1.13M€1.04M▼
Other amounts payable178/9€389k€446k▲
Amounts payable within one year42/48€173k€233k▲
Current portion of amounts payable after more than one year42€87k€90k▲
Trade debts44€85k€115k▲
Suppliers440/4€85k€115k▲
Taxes, remuneration and social security45€1k€28k▲
Taxes450/3€1k€28k▲
Other amounts payable47/48-€136
Income statement
Code20242025
Non-recurring operating income76A€6k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€105k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€89k
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€530€229▼
Gross operating margin9900€231k€239k▲
Operating profit (loss)9901€120k€38k▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€27k€25k▼
Recurring financial charges65€27k€25k▼
Profit (loss) for the period before taxes9903€94k€17k▼
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€300€3k▲
Profit (loss) for the period9904€96k€16k▼
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€99k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-193k▼
Profit (loss) brought forward from the previous period14P€-231k€-212k▲
Profit to be distributed694/7€80k-
Directors or managers695€80k-
The notes to these accounts (14 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Equity above €100kEq €111k ▲15.1%
3 profitable years in a row build equity to €111k.
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
31-12
Financial
Highest result since 2019net €96k ▲464%
Operating result €120k, net result €96k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
31-03
Financial
Weakest financial yearnet €-72k ▼544%
Net result drops to €-72k, the lowest in the series; recovery starts the following year.
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 38 days late
31-03
Financial
Equity above €150kEq €151k ▲12%
2 profitable years in a row build equity to €151k.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 16 days late
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Sint-Pieters-Woluwe · 2 establishment units since 2010
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.
Tervurenlaan 2951150 Sint-Pieters-WoluweGround area
678 m²
Building footprint
258 m²
Volume, LiDAR
3,502 m³
2 parcels, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
IV TRADE & CONSULTING
since 20102.189.798.754
Tervurenlaan 295, 1150 Sint-Pieters-Woluwe
since 20162.259.183.349
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0193/00E002 | Brussels | 367 m² | 1 · 157 m² | 17.6 m · 5 fl. |
| 21805E0079/00G002 | Brussels | 311 m² | 1 · 101 m² | 17.9 m · 5 fl. |
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.
Similar companies · same sector, comparable size
A.WILSENS
BE 0824.245.424
Huldenberg · Eq €111k
WVS-IP
BE 0747.705.692
Temse · Eq €112k
LINDEN LEGAL CONSULTING
BE 0878.159.707
Sint-Pieters-Woluwe · Eq €112k
Erven & Wonen
BE 0789.680.760
Leuven · Eq €112k
Ventose
BE 0772.927.771
Ieper · Eq €112k
Of 2,751 companies in sector 69109 we hold annual accounts for 1,204. 940 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-12-2008
Fiscal year end31-12
Activities, NACEBEL
69109Other legal services
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0476/41.06.02