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IwiSource

Active
Private limited companyfounded 2025active for 1 yearSteenboklaan 191, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 1019.932.630
Summary

IwiSource has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €59,049 and a net result of €55,549. Its solvency ranks better than 47% of 21,070 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€59,049
Total assets
€105,124
Net result
€55,549
Working capital
€53,957

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €105,124
Fixed assets €23,722
Current assets €81,402
Equity and liabilities €105,124
Equity €59,049
Debt €46,075
Debt finances 43.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€85,686
Cash flow
€62,642
Current ratio
2.97
Debt to equity
0.78
ROE
94.1%
ROA
52.8%
Interest coverage
97.37
Debt ≤ 1 year
€27,445
Debt > 1 year
€18,629
Income taxes
€22,213

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,280 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€105,124
Fixed assets21/28€23,722
Tangible fixed assets22/27€23,722
Furniture and vehicles24€21,514
Other tangible fixed assets26€2,208
Current assets29/58€81,402
Amounts receivable within one year40/41€12,843
Trade receivables40€11,843
Other amounts receivable41€1,000
Cash at bank and in hand54/58€68,559
Equity and liabilities
Total equity and liabilities10/49€105,124
Equity10/15€59,049
Contributions10/11€3,500
Reserves13€55,549
Distributable reserves133€55,549
Amounts payable17/49€46,075
Amounts payable after more than one year17€18,629
Financial debts170/4€18,629
Amounts payable within one year42/48€27,445
Current portion of amounts payable after more than one year42€7,452
Trade debts44€2,757
Suppliers440/4€2,757
Taxes, remuneration and social security45€16,912
Taxes450/3€16,912
Other amounts payable47/48€324
Accrued charges and deferred income492/3€1
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,093
Other operating charges640/8€1,183
Gross operating margin9900€86,869
Operating profit (loss)9901€78,593
Financial income75/76B€49
Recurring financial income75€49
Financial charges65/66B€880
Recurring financial charges65€880
Profit (loss) for the period before taxes9903€77,762
Income taxes67/77€22,213
Profit (loss) for the period9904€55,549
Profit (loss) for the period to be appropriated9905€55,549
Appropriation of the result
Profit (loss) to be appropriated9906€55,549
Transfer to equity691/2€55,549
To other reserves6921€55,549

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7,093
Other operating charges640/8€1,183
Gross operating margin9900€86,869
Operating profit (loss)9901€78,593
Financial income75/76B€49
Recurring financial income75€49
Financial charges65/66B€880
Recurring financial charges65€880
Profit (loss) for the period before taxes9903€77,762
Income taxes67/77€22,213
Profit (loss) for the period9904€55,549
Profit (loss) for the period to be appropriated9905€55,549
Line2025
Assets
Total assets20/58€105,124
Fixed assets21/28€23,722
Tangible fixed assets22/27€23,722
Furniture and vehicles24€21,514
Other tangible fixed assets26€2,208
Current assets29/58€81,402
Amounts receivable within one year40/41€12,843
Trade receivables40€11,843
Other amounts receivable41€1,000
Cash at bank and in hand54/58€68,559
Equity and liabilities
Total equity and liabilities10/49€105,124
Equity10/15€59,049
Contributions10/11€3,500
Reserves13€55,549
Distributable reserves133€55,549
Amounts payable17/49€46,075
Amounts payable after more than one year17€18,629
Financial debts170/4€18,629
Amounts payable within one year42/48€27,445
Current portion of amounts payable after more than one year42€7,452
Trade debts44€2,757
Suppliers440/4€2,757
Taxes, remuneration and social security45€16,912
Taxes450/3€16,912
Other amounts payable47/48€324
Accrued charges and deferred income492/3€1
Line2025
Profit (loss) for the period9904€55,549
+ Depreciation and write-downs630€7,093
Operating cash flow (approximation)€62,642

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 15-06-2026 2026-00163362

Similar companies · same sector, comparable size

Of the 29,878 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,868. 15,832 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.