IWC
ActiveSummary
IWC has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €23,291 and a net result of €30,399. Equity is shrinking by ~59.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 16% of 91 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 6 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2026, micro schema
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- 2026 Total assets +10,362% on 2025. Cause not known from the registers.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €559 | €714 | - | €1,162 | €808 | ▼ 30.5% |
| Gross operating margin9900 | -€756 | -€3,300 | -€1,775 | -€3,224 | €36,521 | ▲ 1,233% |
| Operating profit (loss)9901 | -€1,315 | -€4,014 | -€1,775 | -€4,387 | €35,714 | ▲ 914% |
| Financial charges65/66B | €65 | €120 | €60 | €203 | €477 | ▲ 135% |
| Recurring financial charges65 | €65 | €120 | €60 | €203 | €477 | ▲ 135% |
| Profit (loss) for the period before taxes9903 | -€1,380 | -€4,134 | -€1,835 | -€4,589 | €35,237 | ▲ 868% |
| Income taxes67/77 | - | - | - | - | €4,838 | - |
| Profit (loss) for the period9904 | -€1,380 | -€4,134 | -€1,835 | -€4,589 | €30,399 | ▲ 762% |
| Profit (loss) for the period to be appropriated9905 | -€1,380 | -€4,134 | -€1,835 | -€4,589 | €30,399 | ▲ 762% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3,679 | €3,503 | €3,643 | €2,278 | €238,365 | ▲ 10,362% |
| Current assets29/58 | €3,679 | €3,503 | €3,643 | €2,278 | €238,365 | ▲ 10,362% |
| Amounts receivable within one year40/41 | €990 | €500 | €588 | €588 | €234,517 | ▲ 39,784% |
| Trade receivables40 | - | €500 | - | - | €198,000 | - |
| Other amounts receivable41 | €990 | - | €588 | €588 | €36,517 | ▲ 6,110% |
| Cash at bank and in hand54/58 | €2,689 | €3,003 | €3,055 | €1,690 | €3,848 | ▲ 128% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3,679 | €3,503 | €3,643 | €2,278 | €238,365 | ▲ 10,362% |
| Equity10/15 | €3,449 | -€684 | -€2,519 | -€7,108 | €23,291 | ▲ 428% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€6,551 | -€10,684 | -€12,519 | -€17,108 | €13,291 | ▲ 178% |
| Amounts payable17/49 | €230 | €4,188 | €6,163 | €9,387 | €215,075 | ▲ 2,191% |
| Amounts payable within one year42/48 | €230 | €4,188 | €6,163 | €9,387 | €215,075 | ▲ 2,191% |
| Trade debts44 | - | €3,958 | €5,821 | €9,045 | €137,294 | ▲ 1,418% |
| Suppliers440/4 | - | €3,958 | €5,821 | €9,045 | €137,294 | ▲ 1,418% |
| Taxes, remuneration and social security45 | - | - | - | - | €4,838 | - |
| Taxes450/3 | - | - | - | - | €4,838 | - |
| Other amounts payable47/48 | €230 | €230 | €342 | €342 | €72,942 | ▲ 21,227% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,380 | -€4,134 | -€1,835 | -€4,589 | €30,399 | ▲ 762% |
| Operating cash flow (approximation) | -€1,380 | -€4,134 | -€1,835 | -€4,589 | €30,399 | ▲ 762% |
| Change in cash | - | €314 | €52 | -€1,365 | €2,158 | ▲ 258% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025C0741/00E000 | Flanders | 2,519 m² | 1 · 217 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.