IVOMART
ActiveIVOMART has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30k and a net result of €8k. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 90% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability97▲+97
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 6.26 against 3.64 in 2023; short-term debt: 15.5% of total assets), and 15.5% 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
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.5%
Return on assets
22.5%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
19 d late
2023
30 d early
2022
28 d early
2021
33 d early
2020
36 d early
2019
28 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€30k▲ 36.2%
2023 · €22k
2018: €56k
2019: €44k
2020: €36k
2021: €33k
2022: €28k
2023: €22k
2018 → 2024
Total assets
€35k▲ 20.8%
2023 · €29k
2018: €282k
2019: €260k
2020: €42k
2021: €40k
2022: €33k
2023: €29k
2018 → 2024
Net result
€8k
2023 · €-6k
2018: €-27k
2019: €-11k
2020: €105k
2021: €-3k
2022: €-5k
2023: €-6k
2018 → 2024
Working capital
€29k▲ 49.1%
2023 · €19k
2018: €-68k
2019: €-76k
2020: €29k
2021: €28k
2022: €24k
2023: €19k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€36k-€33k▼ 7.2%€28k▼ 16.0%€22k▼ 22.2%€30k▲ 36.2%
Operating result€112k-€-3k€-6k▼ 78.2%€-6k▼ 10.2%€8k
Net result€105k-€-3k€-5k▼ 105%€-6k▼ 16.1%€8k
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 returns to profit in 2024: €8k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€1k▼ 60.5%
Current assets
€34k▲ 28.7%
Equity and liabilities €35k
Equity
€30k▲ 36.2%
Debt
€5k▼ 25.3%
The debt ratio falls from 25.1% to 15.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2023 · €-5k
Cash flow
€9k▲
2023 · €-5k
Solvency
84.5%▲
2023 · 74.9%
Current ratio
6.26▲
2023 · 3.64
Quick ratio
6.26▲
2023 · 3.64
Debt / equity
0.18▼
2023 · 0.33
ROE
26.6%▲
2023 · -28.5%
ROA
22.5%▲
2023 · -21.3%
Interest coverage
9.40▲
2023 · -8.07
Debt
€5k▼
2023 · €7k
Debt ≤ 1 year
€5k▼
2023 · €7k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€29k€35k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Other tangible fixed assets26€3k€1k▼
Current assets29/58€26k€34k▲
Amounts receivable after more than one year29€25k€25k=
Other amounts receivable291€25k€25k=
Amounts receivable within one year40/41€1k€9k▲
Trade receivables40€499€7k▲
Other amounts receivable41€870€2k▲
Cash at bank and in hand54/58€0-
Equity and liabilities
Total equity and liabilities10/49€29k€35k▲
Equity10/15€22k€30k▲
Contributions10/11€19k€19k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-12k€-4k▲
Amounts payable17/49€7k€5k▼
Amounts payable within one year42/48€7k€5k▼
Financial debts43€5k€4k▼
Credit institutions430/8€5k€4k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Other amounts payable47/48€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k€0▼
Other operating charges640/8€886€875▼
Gross operating margin9900€-985€11k▲
Operating profit (loss)9901€-6k€8k▲
Financial income75/76B€708€708=
Recurring financial income75€708€708=
Financial charges65/66B€589€1k▲
Recurring financial charges65€589€1k▲
Profit (loss) for the period before taxes9903€-6k€8k▲
Profit (loss) for the period9904€-6k€8k▲
Profit (loss) for the period to be appropriated9905€-6k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-4k▲
Profit (loss) brought forward from the previous period14P€-6k€-12k▼
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
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €105k
Net result €105k after 2 loss-making years.
31-12
Financial
Liquidity times 124current ratio 5.42
Current ratio from 0.04 to 5.42; short-term debt falls from €80k to €6k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Ieper · 1 establishment unit since 2005
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.
Komenseweg 2218902 IeperGround area
989 m²
Building footprint
176 m²
Volume, LiDAR
836 m³
Parcel 33010A0449/00E000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IVOMART BVBA
since 20052.145.783.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33010A0449/00E000 | Flanders | 988 m² | 1 · 176 m² | 6.1 m · 2 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.
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2005
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.