Financials
- Financial year
- 2025
- Total assets
- €538,933
- Loss
- -€251,285
- Solvency
- 1.2%
Total assets▲ 3.2%
Net result
20242025
iVisual
ActiveSummary
The computed 12-month bankruptcy probability of iVisual is 2.6% (moderate). The annual accounts of iVisual for financial year 2025 show a net loss of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €6,628 and a net result of -€251,285. Its solvency ranks better than 15% of 3,376 sector peers (NACE 62, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Computer programming
NACE 62100
1 site
Size
€538,933total assets 2025
- Staff
- 1 FTE
- Equity
- €6,628
- Loss
- -€251,285
Turnover not published (abbreviated format)
Structure
- Parent
- UMAN360 · 61%
- Board
- 5 members
2025 accounts filed 31 days late
Why 49raises riskLoss of €251,285, the second in a row (financial year 2025)1 change of registered office in 24 monthslowers riskSector: Computer programming, consultancy and related activities (NACE 62)Founded in 2023Show the evidence
Checked score
Score 2025
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 6% of its sector peers (NACE 62, micro)
Financial strength · tick = 2024
Weak
Solvency
26-48
equity 1.2% of total assets
Liquidity
14-28
short-term debt 75.3% · cash 3.8%
Profitability
0-7
return on assets -46.6%
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.5 percentage points vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.1%▲ +0.1 percentage points vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 2.0%▲ +0.9 percentage points vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.0%● unchanged vs 03-2026
05-2026: 1.8%▼ -0.2 percentage points vs 04-2026
06-2026: 1.7%▼ -0.1 percentage points vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026
08-2026: 2.4%▲ +0.7 percentage points vs 07-2026
09-2026: 2.6%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 2.6%● unchanged vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.14, compared with 0.7 in 2024, below 1; short-term debt: 75.3% and cash: 3.8% of total assets), and 98.8% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 10% on solvency, 5% on liquidity, 5% on profitability and 4% on growth.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
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
2425
2024 to 2025 · latest year -€251,285
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 3376 sector peers (2025).
NBB · sector comparisonPosition among 3376 sector peers
Solvency
better than 15%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
31 days late
2024
140 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 86 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Resignation: Julie Dumoulin (director)Gazette deed
Key points
- Caution: Result fell in 2025from -€47,087 to -€251,285 ▼ 434% View
- Caution: Among the weakest 5% on net resultsector median €23,246 · 3,376 companies -€251,285 View
- Controlled by UMAN360 61% View
- Flemish supportawarded from 2024 to 2025 €373,550 View
- A director leftlatest change 16-12-2025 · 5 in office 1 left View
By topic
Board & ownership
- Board
- 5 members
- Parent
- UMAN360 · 61%
- COSAERT Ignace Michel André MariaDirector
- DUMOULIN Julie NadineDirector
- HAMAEKERS Wim Guido JoséeDirector
- LESCRAUWAET Thierry Yves GastonDirector
- SCHEIR JasperDirector
Network & group
- Connected companies
- 3
Timeline
- Events
- 8
- Since
- 2023
- Next accounts
- by 31-07-2027
- 07-07-2025Registered office
- 30-06-2025Resignation: Ignace Cosaert (director)
- 31-01-2025Resignation: Kris De Keyzer (director)
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Computer programmingNACE 62100
- Founded
- 21-11-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 14
- Annual meeting
- First Tuesday of June at 14:00
- Purpose
- “Aan aandeelhouders rechtstreeks of onrechtstreeks vermogensvoordeel uitkeren of bezorgen” (deed in Dutch)
Key facts about iVisual
- What is the company number of iVisual?
- 1002.489.258. In Belgium the VAT number is the company number with BE in front: BE 1002.489.258.
- Where is iVisual based?
- The registered office is at Meir 78, 2000 Antwerpen.Company details
- What does iVisual do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of iVisual?
- Private limited company (BV).
- When was iVisual founded?
- On 21-11-2023.
- Is iVisual still active?
- Yes, iVisual is an active enterprise in the KBO register.
- How many employees does iVisual have?
- On average 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of iVisual?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is iVisual profitable?
- In financial year 2025, iVisual made a loss of €251,285.
- Where can I find the annual accounts of iVisual?
- iVisual filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of iVisual due?
- By 31-07-2027, for financial year 2026.Timeline
Companies related to iVisual
Parent and group
- UMAN36061%
Shareholders
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