IVOW
ActiveIVOW has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12k and a net result of €21k. Equity is shrinking by ~18.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 24% of 1973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+7
Solvency38▼-62
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.08 against 4.24 in 2024; short-term debt: 86.7% and cash: 79.2% of total assets), and 86.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
13.3%
Return on assets
24.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1973 sector peers (2025).
NBB · sector comparisonPosition among 1973 sector peers
Solvency
better than 24%
← weakest
strongest →
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 06-03-2026, 147 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
147 d early
2024
164 d early
2023
119 d early
2022
61 d early
2021
1 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€12k▼ 84.6%
2024 · €75k
2021: €72k
2022: €97k
2023: €57k
2024: €75k
2021 → 2025
Total assets
€87k▼ 7.9%
2024 · €94k
2021: €101k
2022: €124k
2023: €91k
2024: €94k
2021 → 2025
Net result
€21k▲ 18.9%
2024 · €18k
2021: €14k
2022: €25k
2023: €10k
2024: €18k
2021 → 2025
Working capital
€6k▼ 90.6%
2024 · €62k
2021: €53k
2022: €79k
2023: €41k
2024: €62k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€97k▲ 34.2%€57k▼ 41.1%€75k▲ 31.2%€12k▼ 84.6%
Operating result€20k-€33k▲ 61.5%€15k▼ 55.0%€24k▲ 65.1%€28k▲ 16.0%
Net result€14k-€25k▲ 75.1%€10k▼ 58.5%€18k▲ 74.0%€21k▲ 18.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 16% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€6k▼ 55.6%
Current assets
€81k▼ 0.4%
Equity and liabilities €87k
Equity
€12k▼ 84.6%
Debt
€75k▲ 292%
The debt ratio rises from 20.4% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▲
2024 · €33k
Cash flow
€30k▲
2024 · €26k
Solvency
13.3%▼
2024 · 79.6%
Current ratio
1.08▼
2024 · 4.24
Quick ratio
1.08▼
2024 · 4.24
Debt / equity
6.53▲
2024 · 0.26
ROE
184.0%▲
2024 · 23.8%
ROA
24.4%▲
2024 · 18.9%
Interest coverage
347.73▲
2024 · 153.26
Debt
€75k▲
2024 · €19k
Debt ≤ 1 year
€75k▲
2024 · €19k
Income taxes
€7k▲
2024 · €6k
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€94k€87k▼
Fixed assets21/28€13k€6k▼
Tangible fixed assets22/27€13k€6k▼
Plant, machinery and equipment23€567€0▼
Furniture and vehicles24€1k€6k▲
Leasing and similar rights25€11k€0▼
Current assets29/58€81k€81k▼
Amounts receivable within one year40/41€7k€11k▲
Trade receivables40€7k€11k▲
Other amounts receivable41€0€21▲
Current investments50/53€100€100=
Cash at bank and in hand54/58€73k€69k▼
Deferred charges and accrued income490/1€1k€723▼
Equity and liabilities
Total equity and liabilities10/49€94k€87k▼
Equity10/15€75k€12k▼
Contributions10/11€2k€2k=
Reserves13€73k€10k▼
Distributable reserves133€73k€10k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€19k€75k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€19k€75k▲
Current portion of amounts payable after more than one year42€5k€0▼
Financial debts43€178€396▲
Credit institutions430/8€178€396▲
Trade debts44€891€350▼
Suppliers440/4€891€350▼
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€11k€68k▲
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€35k€39k▲
Operating profit (loss)9901€24k€28k▲
Financial income75/76B€3€12▲
Recurring financial income75€3€12▲
Financial charges65/66B€216€106▼
Recurring financial charges65€216€106▼
Profit (loss) for the period before taxes9903€24k€28k▲
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€18k€21k▲
Profit (loss) for the period to be appropriated9905€18k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€21k▲
Transfer from equity791/2€0€63k▲
Transfer to equity691/2€18k€0▼
To other reserves6921€18k€0▼
Profit to be distributed694/7€0€85k▲
Return on contributions (dividend)694€0€85k▲
The notes to these accounts (8 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
06-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €10k ▼58.5%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €25k ▲75.1%
Operating result €33k, net result €25k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kasterlee · 1 establishment unit since 2016
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.
Dijkstraat 712460 KasterleeGround area
722 m²
Parcel 13017G0597/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
IVOW
since 20162.259.259.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017G0597/00F000 | Flanders | 722 m² | - | - |
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
ES Music Creations
BE 1027.803.882
Tessenderlo-Ham · Eq €11k
OuiNon
BE 0791.248.596
Schaarbeek · Eq €11k
Liz-Art
BE 0797.617.241
Laarne · Eq €12k
L'Instant
BE 0739.915.307
Sint-Agatha-Berchem · Eq €12k
CRESCENDO EVENT
BE 1028.948.779
Wavre · Eq €12k
Of 8,304 companies in sector 90201 we hold annual accounts for 601. 373 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2016
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
18130Pre-press and pre-media services
59120Post-production of films, video and television programmes
90032Arts creation and performing arts activities
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.