IVMI
ActiveSummary
IVMI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €24k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+20
Solvency43▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.56 in 2024; short-term debt: 31.1% and cash: 14.3% of total assets), and 82% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
18%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €141k
neutral · Filed after the deadline
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. 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
31 d late
2024
28 d late
2023
14 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
54 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, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€141k▲ 20.1%
2024 · €118k
2018: €334k
2019: €355k
2020: €245k
2021: €283k
2022: €253k
2023: €103k
2024: €118k
2018 → 2025
Total assets
€786k▼ 6.0%
2024 · €836k
2018: €372k
2019: €1.01M
2020: €924k
2021: €960k
2022: €877k
2023: €862k
2024: €836k
2018 → 2025
Net result
€24k▲ 60.6%
2024 · €15k
2018: €62k
2019: €33k
2020: €-15k
2021: €38k
2022: €-30k
2023: €31k
2024: €15k
2018 → 2025
Working capital
€-124k▼ 6.6%
2024 · €-116k
2018: €326k
2019: €314k
2020: €122k
2021: €140k
2022: €84k
2023: €-108k
2024: €-116k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€283k-€253k▼ 10.4%€103k▼ 59.3%€118k▲ 14.3%€141k▲ 20.1%
Operating result€59k-€-20k€42k€45k▲ 6.5%€69k▲ 54.3%
Net result€38k-€-30k€31k€15k▼ 52.3%€24k▲ 60.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 54% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €786k
Fixed assets
€665k ▼ 3.3%
Current assets
€121k ▼ 18.5%
Equity and liabilities €786k
Equity
€141k ▲ 20.1%
Debt
€644k ▼ 10.3%
Debt's share of the balance-sheet total falls from 85.9% to 82.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99k▲
2024 · €73k
Cash flow
€53k▲
2024 · €43k
Current ratio
0.49▼
2024 · 0.56
Quick ratio
0.46▼
2024 · 0.47
Debt to equity
4.56▼
2024 · 6.10
ROE
16.7%▲
2024 · 12.5%
ROA
3.0%▲
2024 · 1.8%
Interest coverage
5.59▲
2024 · 3.38
Debt ≤ 1 year
€244k▼
2024 · €264k
Debt > 1 year
€400k▼
2024 · €454k
Income taxes
€28k▲
2024 · €8k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€836k€786k▼
Fixed assets21/28€688k€665k▼
Intangible fixed assets21€197€16▼
Tangible fixed assets22/27€688k€665k▼
Land and buildings22€625k€613k▼
Plant, machinery and equipment23€2k€5k▲
Furniture and vehicles24€30k€21k▼
Other tangible fixed assets26€32k€26k▼
Current assets29/58€148k€121k▼
Stocks and contracts in progress3€25k€7k▼
Stocks30/36€25k€7k▼
Amounts receivable within one year40/41€985€684▼
Trade receivables40€985€684▼
Cash at bank and in hand54/58€122k€113k▼
Equity and liabilities
Total equity and liabilities10/49€836k€786k▼
Equity10/15€118k€141k▲
Contributions10/11€12k€12k=
Reserves13€104k€128k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€102k€126k▲
Profit (loss) carried forward14€1k€1k=
Amounts payable17/49€718k€644k▼
Amounts payable after more than one year17€454k€400k▼
Financial debts170/4€454k€400k▼
Amounts payable within one year42/48€264k€244k▼
Current portion of amounts payable after more than one year42€53k€54k▲
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Advances received on contracts in progress46€23k€0▼
Taxes, remuneration and social security45€17k€29k▲
Taxes450/3€17k€29k▲
Other amounts payable47/48€163k€158k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€8k▲
Other operating charges640/8€10k€663▼
Gross operating margin9900€81k€107k▲
Operating profit (loss)9901€45k€69k▲
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Financial charges65/66B€22k€18k▼
Recurring financial charges65€22k€18k▼
Profit (loss) for the period before taxes9903€23k€52k▲
Income taxes67/77€8k€28k▲
Profit (loss) for the period9904€15k€24k▲
Profit (loss) for the period to be appropriated9905€15k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€16k€25k▲
Profit (loss) brought forward from the previous period14P€1k€1k=
Transfer from equity791/2€0-
Transfer to equity691/2€15k€24k▲
To other reserves6921€15k€24k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-30k ▼178%
Net result drops to €-30k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Brecht · 1 establishment unit since 2004
Ground area
2,394 m²
Building footprint
350 m²
Volume, LiDAR
1,543 m³
Parcel 11042B0033/00N000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
IVMI
since 20042.142.416.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042B0033/00N000 | Flanders | 2,394 m² | 1 · 350 m² | 7.3 m · 1 fl. |
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
SANI SPACE
BE 0838.761.869
Boussu · Eq €141k
DESK
BE 0417.720.305
Ukkel · Eq €143k
POLYDORA
BE 0446.486.545
Antwerpen · Eq €140k
FERROBELLISSIMO
BE 0879.379.432
Balen · Eq €145k
NO FOOD
BE 0628.766.371
Izegem · Eq €138k
Of 679 companies in sector 46494 we hold annual accounts for 530. 387 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 formPrivate limited company (pre-2019)
Founded08-11-2004
Fiscal year end31-12
Abbreviation NL
II & II
Activities, NACEBEL 2025
46494Wholesale of non-electrical household articles
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.