IVM
ActiveIVM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €160k and a net result of €3k. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+54
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 37.63 against 16.98 in 2024; short-term debt: 0.9% and cash: 2.4% of total assets), and 0.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
99.1%
Return on assets
1.7%
Age of the figures
9 mo
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
8 d early
2023
6 d early
2022
6 d early
2021
5 d early
2020
6 d early
2019
3 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€160k▲ 1.8%
2024 · €157k
2018: €282k
2019: €245k
2020: €210k
2021: €182k
2022: €164k
2023: €160k
2024: €157k
2018 → 2025
Total assets
€162k▲ 0.7%
2024 · €161k
2018: €292k
2019: €247k
2020: €217k
2021: €190k
2022: €167k
2023: €162k
2024: €161k
2018 → 2025
Net result
€3k
2024 · €-3k
2018: €15k
2019: €-37k
2020: €-35k
2021: €-28k
2022: €-18k
2023: €-4k
2024: €-3k
2018 → 2025
Working capital
€56k▲ 7.2%
2024 · €52k
2018: €147k
2019: €122k
2020: €95k
2021: €74k
2022: €59k
2023: €54k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€182k-€164k▼ 9.8%€160k▼ 2.5%€157k▼ 1.7%€160k▲ 1.8%
Operating result€-28k-€-18k▲ 36.8%€-4k▲ 76.0%€-3k▲ 29.1%€3k
Net result€-28k-€-18k▲ 37.0%€-4k▲ 76.5%€-3k▲ 33.6%€3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€104k▼ 0.9%
Current assets
€57k▲ 3.6%
Equity and liabilities €162k
Equity
€160k▲ 1.8%
Debt
€2k▼ 53.2%
The debt ratio falls from 2.0% to 0.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4k▲
2024 · €-2k
Cash flow
€4k▲
2024 · €-2k
Solvency
99.1%▲
2024 · 98.0%
Current ratio
37.63▲
2024 · 16.98
Quick ratio
37.20▲
2024 · 16.78
Debt / equity
0.01▼
2024 · 0.02
ROE
1.7%▲
2024 · -1.8%
ROA
1.7%▲
2024 · -1.7%
Interest coverage
86.69▲
2024 · -52.99
Debt
€2k▼
2024 · €3k
Debt ≤ 1 year
€2k▼
2024 · €3k
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€161k€162k▲
Fixed assets21/28€105k€104k▼
Tangible fixed assets22/27€105k€104k▼
Land and buildings22€104k€104k▼
Plant, machinery and equipment23€1k€526▼
Current assets29/58€55k€57k▲
Stocks and contracts in progress3€660€660=
Stocks30/36€660€660=
Amounts receivable within one year40/41€4k€4k▼
Other amounts receivable41€4k€4k▼
Current investments50/53€48k€49k▲
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1-€653
Equity and liabilities
Total equity and liabilities10/49€161k€162k▲
Equity10/15€157k€160k▲
Contributions10/11€65k€65k=
Reserves13€217k€217k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Tax-exempt reserves132€29k€29k=
Distributable reserves133€181k€181k=
Profit (loss) carried forward14€-125k€-122k▲
Amounts payable17/49€3k€2k▼
Amounts payable within one year42/48€3k€2k▼
Trade debts44€2k€755▼
Suppliers440/4€2k€755▼
Taxes, remuneration and social security45€2k€771▼
Taxes450/3€688€771▲
Remuneration and social security454/9€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€953€951▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€2k€7k▲
Operating profit (loss)9901€-3k€3k▲
Financial income75/76B€289€290▲
Recurring financial income75€289€290▲
Financial charges65/66B€39€40▲
Recurring financial charges65€39€40▲
Profit (loss) for the period before taxes9903€-3k€3k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-3k€3k▲
Profit (loss) for the period to be appropriated9905€-3k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-125k€-122k▲
Profit (loss) brought forward from the previous period14P€-122k€-125k▼
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €3k
Net result €3k after 6 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 37.63
Current ratio from 16.98 to 37.63; short-term debt falls from €3k to €2k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 22.68
Current ratio from 10.70 to 22.68; short-term debt falls from €8k to €3k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-37k ▼341%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 66.27
Current ratio from 17.06 to 66.27; short-term debt falls from €9k to €2k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ledegem · 1 establishment unit since 1993
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.
Sint-Hubrechtsplein 178880 LedegemGround area
1,706 m²
Building footprint
872 m²
Volume, LiDAR
4,196 m³
2 parcels, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INTERIEUR VERMOTE MARTIN
since 19932.063.013.321
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36018B0881/00M000 | Flanders | 1,482 m² | 1 · 784 m² | 5.7 m · 2 fl. |
| 36018B0366/00E000 | Flanders | 223 m² | 1 · 88 m² | 6.6 m · 2 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
ART'N WINDOW
BE 0859.851.451
Overijse · Eq €160k
TIMMERWERKEN VERMOERE
BE 0899.991.833
Waregem · Eq €160k
TIVAN
BE 0872.760.171
Houthulst · Eq €160k
CUISINES FOR'T HOME
BE 0550.779.658
Thimister-Clermont · Eq €160k
VALAIS WOODWORK
BE 0719.937.661
Ledegem · Eq €160k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 7,587 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-06-1993
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
47551Retail sale of household furniture
47591Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.