Summary
IWAssur is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €56,817 and a net result of -€5,509. Equity is growing by ~46.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 1505 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1505 sector peers (2025).
NBB · sector comparisonPosition among 1505 sector peers
Solvency
better than 14%
← 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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
44 d early
2023
47 d early
2022
31 d early
2021
31 d early
2020
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€56,817▼ 8.8%
2024 · €62,325
Net result
-€5,509
2024 · €22,573
Total assets
€919,375▲ 193%
2024 · €314,173
Solvency
6.2%▼ 13.7pp
2024 · 19.8%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,924▲ 1,769%€12,761▼ 55.9%€20,951▲ 64.2%€33,283▲ 58.9%€11,550▼ 65.3%
Net result€19,191within the sector's middle half€7,018within the sector's middle half▼ 63.4%€12,648within the sector's middle half▲ 80.2%€22,573within the sector's middle half▲ 78.5%-€5,509below the sector's middle half
Equity€20,086below the sector's middle half▲ 2,144%€27,104below the sector's middle half▲ 34.9%€39,752within the sector's middle half▲ 46.7%€62,325within the sector's middle half▲ 56.8%€56,817below the sector's middle half▼ 8.8%
Total assets€385,276within the sector's middle half▼ 8.4%€350,093within the sector's middle half▼ 9.1%€317,971within the sector's middle half▼ 9.2%€314,173within the sector's middle half▼ 1.2%€919,375within the sector's middle half▲ 193%
Debt€365,190▼ 13.0%€322,988▼ 11.6%€278,219▼ 13.9%€251,847▼ 9.5%€862,559▲ 242%
Working capital-€26,281below the sector's middle half▲ 41.9%-€20,638below the sector's middle half▲ 21.5%-€8,842below the sector's middle half▲ 57.2%€9,155within the sector's middle half-€120,514below the sector's middle half
Solvency5.2%below the sector's middle half▲ 5.0pp7.7%below the sector's middle half▲ 2.5pp12.5%below the sector's middle half▲ 4.8pp19.8%below the sector's middle half▲ 7.3pp6.2%below the sector's middle half▼ 13.7pp
Current ratio0.54below the sector's middle half▲ 0.210.66below the sector's middle half▲ 0.120.85below the sector's middle half▲ 0.191.12within the sector's middle half▲ 0.260.33below the sector's middle half▼ 0.79
Return on assets (ROA)5.0%within the sector's middle half▲ 5.5pp2.0%within the sector's middle half▼ 3.0pp4.0%within the sector's middle half▲ 2.0pp7.2%within the sector's middle half▲ 3.2pp-0.6%below the sector's middle half▼ 7.8pp
Staff (FTE)1▲ 233%1=1=1=1.8within the sector's middle half▲ 80.0%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance 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 falls in 2025; 2025 is 65% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €919,375
Fixed assets
€861,047 ▲ 281%
Current assets
€58,329 ▼ 34.1%
Equity and liabilities €919,375
Equity
€56,817 ▼ 8.8%
Debt
€862,559 ▲ 242%
Debt's share of the balance-sheet total rises from 80.2% to 93.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-9.7%▼
2024 · 36.2%
Debt ≤ 1 year
€178,843▲
2024 · €79,290
Debt > 1 year
€663,943▲
2024 · €172,557
Income taxes
€0▼
2024 · €9,104
Staff costs
€69,587▲
2024 · €25,373
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €37,019 | €34,952 | €26,727 | €25,373 | €69,587 | ▲ 174% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,997 | €44,837 | €44,012 | €42,788 | €100,159 | ▲ 134% |
| Other operating charges640/8 | €398 | €466 | €410 | €554 | €357 | ▼ 35.6% |
| Non-recurring operating charges66A | - | €1,413 | €84 | €0 | - | - |
| Gross operating margin9900 | €111,338 | €94,428 | €92,184 | €101,998 | €181,654 | ▲ 78.1% |
| Operating profit (loss)9901 | €28,924 | €12,761 | €20,951 | €33,283 | €11,550 | ▼ 65.3% |
| Financial income75/76B | €0 | €6 | €0 | €316 | €371 | ▲ 17.6% |
| Recurring financial income75 | €0 | €6 | €0 | €316 | €371 | ▲ 17.6% |
| Financial charges65/66B | €3,798 | €3,135 | €2,558 | €1,921 | €17,430 | ▲ 807% |
| Recurring financial charges65 | €3,798 | €3,135 | €2,558 | €1,921 | €17,430 | ▲ 807% |
| Profit (loss) for the period before taxes9903 | €25,125 | €9,632 | €18,393 | €31,677 | -€5,509 | ▼ 117% |
| Income taxes67/77 | €5,934 | €2,614 | €5,746 | €9,104 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €19,191 | €7,018 | €12,648 | €22,573 | -€5,509 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | €19,191 | €7,018 | €12,648 | €22,573 | -€5,509 | ▼ 124% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €385,276 | €350,093 | €317,971 | €314,173 | €919,375 | ▲ 193% |
| Formation expenses20 | €2,582 | €1,672 | €762 | €0 | - | - |
| Fixed assets21/28 | €352,282 | €308,355 | €265,253 | €225,728 | €861,047 | ▲ 281% |
| Intangible fixed assets21 | €348,858 | €306,985 | €265,112 | €223,239 | €851,331 | ▲ 281% |
| Tangible fixed assets22/27 | €3,424 | €1,370 | €141 | €2,489 | €9,715 | ▲ 290% |
| Plant, machinery and equipment23 | €3,408 | €1,370 | €141 | €2,489 | €9,715 | ▲ 290% |
| Furniture and vehicles24 | €17 | €0 | - | - | - | - |
| Current assets29/58 | €30,412 | €40,066 | €51,956 | €88,445 | €58,329 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €26,364 | €20,604 | €23,467 | €59,983 | €43,308 | ▼ 27.8% |
| Trade receivables40 | €22,268 | €17,360 | €20,223 | €21,739 | €43,141 | ▲ 98.5% |
| Other amounts receivable41 | €4,096 | €3,244 | €3,244 | €38,244 | €167 | ▼ 99.6% |
| Cash at bank and in hand54/58 | €2,697 | €19,462 | €28,489 | €26,215 | €15,021 | ▼ 42.7% |
| Deferred charges and accrued income490/1 | €1,351 | €0 | - | €2,247 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €385,276 | €350,093 | €317,971 | €314,173 | €919,375 | ▲ 193% |
| Equity10/15 | €20,086 | €27,104 | €39,752 | €62,325 | €56,817 | ▼ 8.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €17,086 | €24,104 | €36,752 | €59,325 | €53,817 | ▼ 9.3% |
| Distributable reserves133 | €17,086 | €24,104 | €36,752 | €59,325 | €53,817 | ▼ 9.3% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €365,190 | €322,988 | €278,219 | €251,847 | €862,559 | ▲ 242% |
| Amounts payable after more than one year17 | €307,149 | €262,285 | €217,421 | €172,557 | €663,943 | ▲ 285% |
| Financial debts170/4 | €307,149 | €262,285 | €217,421 | €172,557 | €663,943 | ▲ 285% |
| Amounts payable within one year42/48 | €56,693 | €60,703 | €60,798 | €79,290 | €178,843 | ▲ 126% |
| Current portion of amounts payable after more than one year42 | €44,864 | €44,864 | €44,864 | €44,864 | €109,864 | ▲ 145% |
| Trade debts44 | €1,863 | €1,777 | €5,616 | €14,200 | €6,776 | ▼ 52.3% |
| Suppliers440/4 | €1,863 | €1,777 | €5,616 | €14,200 | €6,776 | ▼ 52.3% |
| Taxes, remuneration and social security45 | €9,966 | €14,062 | €10,318 | €20,226 | €29,447 | ▲ 45.6% |
| Taxes450/3 | €5,934 | €8,549 | €5,746 | €14,755 | €9,009 | ▼ 38.9% |
| Remuneration and social security454/9 | €4,032 | €5,513 | €4,573 | €5,471 | €20,438 | ▲ 274% |
| Other amounts payable47/48 | €0 | - | - | - | €32,756 | - |
| Accrued charges and deferred income492/3 | €1,348 | €0 | - | - | €19,773 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,191 | €7,018 | €12,648 | €22,573 | -€5,509 | ▼ 124% |
| + Depreciation and write-downs630 | €44,997 | €44,837 | €44,012 | €42,788 | €100,159 | ▲ 134% |
| Operating cash flow (approximation) | €64,188 | €51,855 | €56,660 | €65,361 | €94,651 | ▲ 44.8% |
| Investment in fixed assets (approximation) | - | -€910 | -€910 | -€3,262 | -€735,478 | ▼ 22,447% |
| Change in cash | - | €16,765 | €9,027 | -€2,273 | -€11,194 | ▼ 392% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€5,509
Net result drops to -€5,509, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €22,573 ▲78.5%
Operating result €33,283, net result €22,573, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,191
Net result €19,191 after one loss-making year.
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ichtegem · 1 establishment unit since 2019
Ground area
732 m²
Building footprint
265 m²
Volume, LiDAR
349 m³
Parcel 35006A0565/00S000, Flanders · tallest building 10.0 m. Linked by address, not a title deed.
1 establishment unit
IWAssur
since 20192.294.580.134
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0565/00S000 | Flanders | 732 m² | 1 · 265 m² | 10.0 m |
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 ownerChain of control
- IWA Group
- IWAssur
Highest known parent: IWA Group. The sources do not say who stands above it.
Owners 1
- IWA GroupparentSourceaccounts IWA Group 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
Subsidies and aid
Flemish government
2024 · 1 entry · 900 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 900 EUR | 900 EUR |
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Of 4,671 companies in this sector we hold annual accounts for 3,221. 2,376 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Contact
Website
www.iwassur.be
E-mail
info@iwassur.be
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
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