Losses
-€273,252 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
iVOX
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €2.1m (2022)
€1.8m▼ 9.1%
lowest -€164,498 (2025)
-€164,498▼ €82,992
peak €766,321 (2022)
€493,069▼ 25.0%
€1.5m▲ 24.9%
peak 23.1 FTE (2022)
19.7 FTE▼ 0.5%
Board4 names since 2017
1 directorBILENDI
Owners3 names in the annual accounts
100%Bilendi SA
Documentsfilings and deeds
28-05-202664 days before the deadline
2025abbreviated format
Loss of €164,498Equity from €657,567 to €493,069Debts from €1.2m to €1.5m
Key points
from the 2025 annual accountsTurnover
≈ €3.0m estimated
The abbreviated format states no turnover.
Staff
23 employees on 31-12-2025
In 2025, 23 people joined and 21 left.
Filings
21 annual accounts since 2005
The last five annual accounts were filed 55 to 84 days before the end of the period.
Position in the sector
-€164,498
Lower net result than 95% of companies in advertising and market research. Sector median €16,334 · 2,093 companies.
Public support
€332,128 EU contribution
EU research money: HORIZON.
Checked score
65
Healthy
Financially stronger than 24% of small companies in advertising and market research (NACE 73)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 722 companies (NACE 73, small).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.6%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.9%▲ +0.3 percentage points vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026highest value
11-2026: 0.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €164,498, the second in a row (financial year 2025)
Size: 19.7 FTE, total assets €2.4m
lowers risk
Figures for financial year 2025 (filed on 02-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, small). It does better than 23% of them on solvency, 26% on liquidity, 34% on profitability and 12% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,507 companies had the same profile as iVOX has now. Each dot stands for 7 companies, two years later.
96.4%
were still trading
1.8%
stopped another way
1.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of iVOX itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,507 companies, not a prediction for iVOX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58 (1.88 in 2024), above the usual 1.5. Short-term debt is 51.7% and cash 9.8% of total assets. However, 79.6% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€164,498
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 days early
2024
71 days early
2023
55 days early
2022
84 days early
2021
79 days early
2020
92 days early
2019
116 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 80 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870182149
Registered office moved within Leuven
New registered office: Vaartkom 3, 3000 Leuven · Previous registered office: Engels Plein 35 bus 0101, 3000 Leuven · General meeting of 31-10-2024 · Gazette deed
2 directors appointed, 1 statutory auditor appointed, 1 resignation
Resignation: BIDOU Marc Pierre Marie · Appointments: BIDOU Marc Pierre Marie (director); BILENDI (director) and Callens,Vandelanotte & Theunissen BV (statutory auditor) · Permanent representative: BIDOU Marc Pierre Marie · General meeting of 12-03-2024 · Gazette deed
Appointment: Callens, Pirenne, Theunissen & Co Bedrijfsrevisoren BV CVBA (statutory auditor)
General meeting of 10-03-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| iVOX Leuven | €2.4m | €1.8m | 20.4% | 19.7 |
| OPEN REAL ESTATE INFORMATION SERVICES Ghent | €3.6m | €1.7m | 20.8% | 18.5 |
| ECONERGY Soignies | €2.2m | €1.3m | 47.8% | 17.6 |
| SalesUp Erpe-Mere | €1.7m | €1.2m | 34.3% | 23.4 |
| RAMBOLL MANAGEMENT CONSULTING Brussels | €1.9m | €2.4m | 24.9% | 29.3 |
| SOLUTEL Hasselt | €2.5m | €1.2m | 58.5% | 15.8 |
| FEDERATION WALLONNE DE L'AGRICULTURE ETUDES - INFORMATION Gembloux | €2.1m | €1.8m | -18.5% | 16.9 |
These companies have the same main activity as iVOX: market research and public opinion polling (NACE 73200). They are comparable in size and age: total assets between €1.7m and €3.6m, founded between 2000 and 2007.
Official details
Source: KBO- Status
- Active since 19-11-2004Normal situation
- Activity
- Market research and public opinion pollingNACE 73200and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.145.004.7483000 Leuven, since 02-02-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 06-06-2025
Annual accounts 2025
- €2.4m▲ 3.5%
- Employeeson 31-12-2025
- 23▲ 9.5%
- Filing
- Filed on 28-05-2026, 64 days before the end of the filing period
Insights on iVOX
iVOX files the abbreviated format. That format states no turnover. The gross margin rose from €87,424 in 2006 to €1.8m in 2025.
Bilendi Sa holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about iVOX
- What is the company number of iVOX?
- The company number of iVOX is 0870.182.149. The VAT number is the same number with BE in front: BE 0870.182.149.
- Where is iVOX based?
- The registered office is at Vaartkom 3, 3000 Leuven.Company details
- What does iVOX do?
- According to the KBO register, the main activity is market research and public opinion polling (NACE 73200).
- What is the legal form of iVOX?
- iVOX is a private limited company (BV).
- When was iVOX founded?
- iVOX was founded on 19-11-2004.
- Is iVOX still active?
- Yes, iVOX is an active enterprise in the KBO register.
- How many employees does iVOX have?
- iVOX had an average of 19.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does iVOX fall under?
- In its 2025 annual accounts, iVOX states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of iVOX?
- The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €1.8m and 1,585 comparable companies of the same size. It probably lies between €2.0m and €5.0m. It is a rough estimate.
- Is iVOX profitable?
- In financial year 2025, iVOX made a loss of €164,498.
- Where can I find the annual accounts of iVOX?
- iVOX filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of iVOX due?
- iVOX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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