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 about 47% per year across the filed financial years. Its solvency ranks better than 15% of 1,840 sector peers (NACE 66, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, abbreviated format
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
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result falls in 2025; 2025 is 65% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€11,550
2025
Net result-€5,509
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€919,375
2025
Equity€56,817
2025
Debt€862,559
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€120,514
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-0.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency6.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.33
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1.8
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€1,547-€28,924▲ 1,769%€12,761▼ 55.9%€20,951▲ 64.2%€33,283▲ 58.9%€11,550▼ 65.3%
Net result-€2,105below the sector's middle half-€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€895below the sector's middle half-€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€420,748within the sector's middle half-€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€419,853-€365,190▼ 13.0%€322,988▼ 11.6%€278,219▼ 13.9%€251,847▼ 9.5%€862,559▲ 242%
Working capital-€45,199below the sector's middle half--€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
Solvency0.2%below the sector's middle half-5.2%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%within the sector's middle half▲ 7.3pp6.2%below the sector's middle half▼ 13.7pp
Current ratio0.32below the sector's middle half-0.54below 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)-0.5%below the sector's middle half-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)0.3below the sector's middle half-1▲ 233%1=1=1=1.8within the sector's middle half▲ 80.0%
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
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 | 2020 | 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 | €30,034 | €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 | €54,500 | €111,338 | €94,428 | €92,184 | €101,998 | €181,654 | ▲ 78.1% |
| Operating profit (loss)9901 | €1,547 | €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 | €0 | €6 | €0 | €316 | €371 | ▲ 17.6% |
| Financial charges65/66B | - | €3,798 | €3,135 | €2,558 | €1,921 | €17,430 | ▲ 807% |
| Recurring financial charges65 | €3,652 | €3,798 | €3,135 | €2,558 | €1,921 | €17,430 | ▲ 807% |
| Profit (loss) for the period before taxes9903 | -€2,105 | €25,125 | €9,632 | €18,393 | €31,677 | -€5,509 | - |
| Income taxes67/77 | - | €5,934 | €2,614 | €5,746 | €9,104 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€2,105 | €19,191 | €7,018 | €12,648 | €22,573 | -€5,509 | - |
| Profit (loss) for the period to be appropriated9905 | -€2,105 | €19,191 | €7,018 | €12,648 | €22,573 | -€5,509 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €420,748 | €385,276 | €350,093 | €317,971 | €314,173 | €919,375 | ▲ 193% |
| Formation expenses20 | €3,492 | €2,582 | €1,672 | €762 | €0 | - | - |
| Fixed assets21/28 | €395,511 | €352,282 | €308,355 | €265,253 | €225,728 | €861,047 | ▲ 281% |
| Intangible fixed assets21 | €390,731 | €348,858 | €306,985 | €265,112 | €223,239 | €851,331 | ▲ 281% |
| Tangible fixed assets22/27 | €4,780 | €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 | €21,745 | €30,412 | €40,066 | €51,956 | €88,445 | €58,329 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €18,596 | €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 | €522 | €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 | €420,748 | €385,276 | €350,093 | €317,971 | €314,173 | €919,375 | ▲ 193% |
| Equity10/15 | €895 | €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 | -€2,105 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €419,853 | €365,190 | €322,988 | €278,219 | €251,847 | €862,559 | ▲ 242% |
| Amounts payable after more than one year17 | €352,013 | €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 | €66,944 | €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 | €8,101 | €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 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,105 | €19,191 | €7,018 | €12,648 | €22,573 | -€5,509 | - |
| + Depreciation and write-downs630 | €30,034 | €44,997 | €44,837 | €44,012 | €42,788 | €100,159 | ▲ 134% |
| Operating cash flow (approximation) | €27,930 | €64,188 | €51,855 | €56,660 | €65,361 | €94,651 | ▲ 44.8% |
| Investment in fixed assets (approximation) | - | -€1,768 | -€910 | -€910 | -€3,262 | -€735,478 | ▼ 22,447% |
| Change in cash | - | €2,176 | €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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00263966 |
| 31-12-2024 | micro format | 17-06-2025 | 2025-00154005 |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00139467 |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00178498 |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20110444 |
| 31-12-2020 | micro format | 22-09-2021 | 2021-67900489 |
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Of the 4,607 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,208. 2,365 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2024 · 1 entry · €900 awarded · €900 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.