IVMA
ActiveSummary
IVMA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,755 and a net result of €13,672. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 1673 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency62▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.14 in 2024; short-term debt: 56.7% and cash: 3.8% of total assets), and 63.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
36.5%
Return on assets
2.8%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
27 d late
2024
35 d early
2023
29 d early
2022
4 d early
2021
12 d early
2020
31 d early
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€178,755▲ 8.3%
2024 · €165,083
Total assets
€489,160▼ 1.7%
2024 · €497,429
Net result
€13,672▲ 0.4%
2024 · €13,620
Working capital
-€242,500▼ 0.2%
2024 · -€241,932
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€49,259▼ 1.9%€31,827▼ 35.4%€32,598▲ 2.4%€25,244▼ 22.6%€23,605▼ 6.5%
Net result€31,036within the sector's middle half▼ 0.5%€19,472within the sector's middle half▼ 37.3%€19,230within the sector's middle half▼ 1.2%€13,620within the sector's middle half▼ 29.2%€13,672within the sector's middle half▲ 0.4%
Equity€112,761within the sector's middle half▲ 38.0%€132,233within the sector's middle half▲ 17.3%€151,463within the sector's middle half▲ 14.5%€165,083within the sector's middle half▲ 9.0%€178,755within the sector's middle half▲ 8.3%
Total assets€466,586within the sector's middle half▼ 3.9%€455,402above the sector's middle half▼ 2.4%€501,896within the sector's middle half▲ 10.2%€497,429within the sector's middle half▼ 0.9%€489,160within the sector's middle half▼ 1.7%
Debt€353,825▼ 12.4%€323,169▼ 8.7%€350,433▲ 8.4%€332,346▼ 5.2%€310,405▼ 6.6%
Working capital-€284,937below the sector's middle half▲ 7.2%-€277,750below the sector's middle half▲ 2.5%-€239,009below the sector's middle half▲ 13.9%-€241,932below the sector's middle half▼ 1.2%-€242,500below the sector's middle half▼ 0.2%
Solvency24.2%within the sector's middle half▲ 7.3pp29.0%within the sector's middle half▲ 4.9pp30.2%within the sector's middle half▲ 1.1pp33.2%within the sector's middle half▲ 3.0pp36.5%within the sector's middle half▲ 3.4pp
Current ratio0.09below the sector's middle half▼ 0.030.08below the sector's middle half▼ 0.020.24below the sector's middle half▲ 0.160.14below the sector's middle half▼ 0.100.13below the sector's middle half▼ 0.01
Return on assets (ROA)6.7%within the sector's middle half▲ 0.2pp4.3%within the sector's middle half▼ 2.4pp3.8%within the sector's middle half▼ 0.4pp2.7%within the sector's middle half▼ 1.1pp2.8%within the sector's middle half▲ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 6% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €489,160
Fixed assets
€454,403 ▼ 0.8%
Current assets
€34,757 ▼ 11.5%
Equity and liabilities €489,160
Equity
€178,755 ▲ 8.3%
Debt
€310,405 ▼ 6.6%
Debt's share of the balance-sheet total falls from 66.8% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,279▲
2024 · €31,193
Cash flow
€21,346▲
2024 · €19,568
Debt to equity
1.74▼
2024 · 2.01
ROE
7.6%▼
2024 · 8.3%
Interest coverage
8.35▼
2024 · 9.00
Debt ≤ 1 year
€277,257▼
2024 · €281,218
Debt > 1 year
€33,148▼
2024 · €51,128
Income taxes
€6,188▼
2024 · €8,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,979 | €5,113 | €5,539 | €5,949 | €7,674 | ▲ 29.0% |
| Other operating charges640/8 | €1,316 | €1,330 | €992 | €1,122 | €1,691 | ▲ 50.7% |
| Gross operating margin9900 | €55,553 | €38,270 | €39,128 | €32,315 | €32,970 | ▲ 2.0% |
| Operating profit (loss)9901 | €49,259 | €31,827 | €32,598 | €25,244 | €23,605 | ▼ 6.5% |
| Financial charges65/66B | €1,499 | €1,156 | €2,447 | €3,467 | €3,745 | ▲ 8.0% |
| Recurring financial charges65 | €1,499 | €1,156 | €2,447 | €3,467 | €3,745 | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €47,760 | €30,671 | €30,151 | €21,777 | €19,860 | ▼ 8.8% |
| Income taxes67/77 | €16,724 | €11,199 | €10,921 | €8,158 | €6,188 | ▼ 24.1% |
| Profit (loss) for the period9904 | €31,036 | €19,472 | €19,230 | €13,620 | €13,672 | ▲ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €31,036 | €19,472 | €19,230 | €13,620 | €13,672 | ▲ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466,586 | €455,402 | €501,896 | €497,429 | €489,160 | ▼ 1.7% |
| Fixed assets21/28 | €437,803 | €432,690 | €427,793 | €458,143 | €454,403 | ▼ 0.8% |
| Tangible fixed assets22/27 | €12,803 | €7,690 | €2,793 | €33,143 | €29,403 | ▼ 11.3% |
| Plant, machinery and equipment23 | €860 | €678 | €497 | €315 | €134 | ▼ 57.6% |
| Furniture and vehicles24 | €11,943 | €7,012 | €2,296 | - | €3,701 | - |
| Leasing and similar rights25 | - | - | - | €32,828 | €25,568 | ▼ 22.1% |
| Financial fixed assets28 | €425,000 | €425,000 | €425,000 | €425,000 | €425,000 | = |
| Current assets29/58 | €28,783 | €22,712 | €74,104 | €39,286 | €34,757 | ▼ 11.5% |
| Amounts receivable within one year40/41 | €13 | €21,780 | €40,302 | €19,832 | €16,175 | ▼ 18.4% |
| Trade receivables40 | - | €21,780 | €40,280 | €17,780 | €10,520 | ▼ 40.8% |
| Other amounts receivable41 | €13 | - | €22 | €2,052 | €5,655 | ▲ 176% |
| Cash at bank and in hand54/58 | €28,770 | €932 | €33,801 | €19,455 | €18,582 | ▼ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466,586 | €455,402 | €501,896 | €497,429 | €489,160 | ▼ 1.7% |
| Equity10/15 | €112,761 | €132,233 | €151,463 | €165,083 | €178,755 | ▲ 8.3% |
| Contributions10/11 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Reserves13 | €77,761 | €97,233 | €116,463 | €130,083 | €143,755 | ▲ 10.5% |
| Non-distributable reserves130/1 | €3,500 | €3,500 | €3,500 | - | - | - |
| Reserves not available under the articles1311 | €3,500 | €3,500 | €3,500 | - | - | - |
| Distributable reserves133 | €74,261 | €93,733 | €112,963 | €130,083 | €143,755 | ▲ 10.5% |
| Amounts payable17/49 | €353,825 | €323,169 | €350,433 | €332,346 | €310,405 | ▼ 6.6% |
| Amounts payable after more than one year17 | €40,105 | €22,707 | €37,321 | €51,128 | €33,148 | ▼ 35.2% |
| Financial debts170/4 | €40,105 | €22,707 | €37,321 | €51,128 | €33,148 | ▼ 35.2% |
| Amounts payable within one year42/48 | €313,719 | €300,462 | €313,112 | €281,218 | €277,257 | ▼ 1.4% |
| Current portion of amounts payable after more than one year42 | €20,188 | €17,544 | €24,872 | €19,211 | €17,400 | ▼ 9.4% |
| Trade debts44 | €17,181 | €17,095 | €538 | €351 | €973 | ▲ 177% |
| Suppliers440/4 | €17,181 | €17,095 | €538 | €351 | €973 | ▲ 177% |
| Taxes, remuneration and social security45 | €27,950 | €20,060 | €28,638 | €6,431 | €8,686 | ▲ 35.1% |
| Taxes450/3 | €24,200 | €16,310 | €24,888 | €2,681 | €4,936 | ▲ 84.1% |
| Remuneration and social security454/9 | €3,750 | €3,750 | €3,750 | €3,750 | €3,750 | = |
| Other amounts payable47/48 | €248,400 | €245,762 | €259,064 | €255,225 | €250,198 | ▼ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,036 | €19,472 | €19,230 | €13,620 | €13,672 | ▲ 0.4% |
| + Depreciation and write-downs630 | €4,979 | €5,113 | €5,539 | €5,949 | €7,674 | ▲ 29.0% |
| Operating cash flow (approximation) | €36,015 | €24,585 | €24,769 | €19,568 | €21,346 | ▲ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | -€641 | -€36,299 | -€3,934 | ▲ 89.2% |
| Change in cash | - | -€27,838 | €32,869 | -€14,347 | -€872 | ▲ 93.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €13,620 ▼29.2%
Net result drops to €13,620, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150,000Eq €151,463 ▲14.5%
5 profitable years in a row build equity to €151,463.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €100,000Eq €112,761 ▲38%
3 profitable years in a row build equity to €112,761.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2019net €31,182 ▲101%
Operating result €50,214, net result €31,182, both a record.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Bilzen-Hoeselt · 1 establishment unit since 2018
Ground area
193 m²
Building footprint
193 m²
Volume, LiDAR
1,544 m³
Parcel 73006M0223/00K000, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IVMA
since 20182.282.301.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73006M0223/00K000 | Flanders | 193 m² | 1 · 193 m² | 12.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of IVMA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,366 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695819404
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.