IWR
ActiveSummary
IWR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €210,326 and a net result of €29,325. Equity is growing by ~34.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-2
Solvency65▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.58 against 1.54 in 2023; short-term debt: 60% and cash: 0.7% of total assets), but 60% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
54 d late
2022
23 d late
2021
46 d late
2020
54 d late
2019
181 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 75 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€210,326▲ 16.2%
2023 · €181,001
Total assets
€525,411▲ 2.6%
2023 · €512,037
Net result
€29,325▼ 26.4%
2023 · €39,856
Working capital
€183,972▲ 3.2%
2023 · €178,262
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€8,449€101,227€72,210▼ 28.7%€61,923▼ 14.2%€46,807▼ 24.4%
Net result€5,562within the sector's middle half▼ 40.7%€77,638above the sector's middle half▲ 1,296%€52,688above the sector's middle half▼ 32.1%€39,856above the sector's middle half▼ 24.4%€29,325within the sector's middle half▼ 26.4%
Equity€27,336within the sector's middle half▲ 25.5%€104,974above the sector's middle half▲ 284%€127,562above the sector's middle half▲ 21.5%€181,001above the sector's middle half▲ 41.9%€210,326above the sector's middle half▲ 16.2%
Total assets€85,519within the sector's middle half▼ 48.2%€176,076within the sector's middle half▲ 106%€403,722above the sector's middle half▲ 129%€512,037above the sector's middle half▲ 26.8%€525,411above the sector's middle half▲ 2.6%
Debt€58,183▼ 59.4%€71,101▲ 22.2%€276,160▲ 288%€331,036▲ 19.9%€315,085▼ 4.8%
Working capital€25,583within the sector's middle half▲ 41.4%€104,217above the sector's middle half▲ 307%€124,714above the sector's middle half▲ 19.7%€178,262above the sector's middle half▲ 42.9%€183,972above the sector's middle half▲ 3.2%
Solvency32.0%within the sector's middle half▲ 18.8pp59.6%within the sector's middle half▲ 27.7pp31.6%within the sector's middle half▼ 28.0pp35.3%within the sector's middle half▲ 3.8pp40.0%within the sector's middle half▲ 4.7pp
Current ratio1.44within the sector's middle half▲ 0.312.47within the sector's middle half▲ 1.031.45within the sector's middle half▼ 1.011.54within the sector's middle half▲ 0.091.58within the sector's middle half▲ 0.04
Return on assets (ROA)6.5%within the sector's middle half▲ 0.8pp44.1%above the sector's middle half▲ 37.6pp13.1%within the sector's middle half▼ 31.0pp7.8%within the sector's middle half▼ 5.3pp5.6%within the sector's middle half▼ 2.2pp
Staff (FTE)1.11▼ 9.1%1=
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 24% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €525,411
Fixed assets
€26,353 ▲ 336%
Current assets
€499,057 ▼ 1.4%
Equity and liabilities €525,411
Equity
€210,326 ▲ 16.2%
Debt
€315,085 ▼ 4.8%
Debt's share of the balance-sheet total falls from 64.7% to 60.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,266▼
2023 · €63,156
Cash flow
€31,784▼
2023 · €41,088
Debt to equity
1.50▼
2023 · 1.83
ROE
13.9%▼
2023 · 22.0%
Interest coverage
16.82▼
2023 · 36.43
Debt ≤ 1 year
€315,085▼
2023 · €327,736
Income taxes
€17,188▼
2023 · €20,663
Staff costs
€63,617▲
2023 · €37,417
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 26,975 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €14,882 | €37,981 | €37,417 | €63,617 | ▲ 70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,045 | €996 | €214 | €1,232 | €2,460 | ▲ 99.6% |
| Other operating charges640/8 | - | €1,872 | €1,955 | €1,586 | €3,664 | ▲ 131% |
| Gross operating margin9900 | €9,420 | €118,976 | €112,361 | €102,158 | €116,547 | ▲ 14.1% |
| Operating profit (loss)9901 | -€8,449 | €101,227 | €72,210 | €61,923 | €46,807 | ▼ 24.4% |
| Financial income75/76B | - | €1,513 | €104 | €329 | €2,635 | ▲ 700% |
| Recurring financial income75 | - | €1,513 | €104 | €329 | €2,635 | ▲ 700% |
| Financial charges65/66B | - | €2,126 | €503 | €1,734 | €2,930 | ▲ 69.0% |
| Recurring financial charges65 | €597 | €2,126 | €503 | €1,734 | €2,930 | ▲ 69.0% |
| Profit (loss) for the period before taxes9903 | €7,295 | €100,614 | €71,811 | €60,519 | €46,512 | ▼ 23.1% |
| Income taxes67/77 | €1,733 | €22,976 | €19,123 | €20,663 | €17,188 | ▼ 16.8% |
| Profit (loss) for the period9904 | €5,562 | €77,638 | €52,688 | €39,856 | €29,325 | ▼ 26.4% |
| Profit (loss) for the period to be appropriated9905 | €5,562 | €77,638 | €52,688 | €39,856 | €29,325 | ▼ 26.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €85,519 | €176,076 | €403,722 | €512,037 | €525,411 | ▲ 2.6% |
| Fixed assets21/28 | €1,753 | €757 | €2,848 | €6,039 | €26,353 | ▲ 336% |
| Tangible fixed assets22/27 | €1,535 | €539 | €2,391 | €5,374 | €18,328 | ▲ 241% |
| Plant, machinery and equipment23 | - | €539 | €359 | €3,756 | €8,800 | ▲ 134% |
| Furniture and vehicles24 | - | - | €2,032 | €1,618 | €9,529 | ▲ 489% |
| Financial fixed assets28 | €218 | €218 | €457 | €665 | €8,025 | ▲ 1,107% |
| Current assets29/58 | €83,766 | €175,319 | €400,873 | €505,998 | €499,057 | ▼ 1.4% |
| Amounts receivable within one year40/41 | €56,863 | €66,144 | €193,169 | €410,957 | €495,270 | ▲ 20.5% |
| Trade receivables40 | - | €19,221 | €174,390 | €199,942 | €423,868 | ▲ 112% |
| Other amounts receivable41 | - | €46,923 | €18,779 | €211,014 | €71,402 | ▼ 66.2% |
| Cash at bank and in hand54/58 | €26,904 | €109,175 | €207,704 | €95,041 | €3,787 | ▼ 96.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €85,519 | €176,076 | €403,722 | €512,037 | €525,411 | ▲ 2.6% |
| Equity10/15 | €27,336 | €104,974 | €127,562 | €181,001 | €210,326 | ▲ 16.2% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €14,936 | €14,936 | €14,936 | €14,936 | €197,926 | ▲ 1,225% |
| Distributable reserves133 | - | €14,936 | €14,936 | €14,936 | €197,926 | ▲ 1,225% |
| Profit (loss) carried forward14 | - | €77,638 | €100,226 | €153,665 | - | - |
| Amounts payable17/49 | €58,183 | €71,101 | €276,160 | €331,036 | €315,085 | ▼ 4.8% |
| Amounts payable within one year42/48 | €58,183 | €71,101 | €276,160 | €327,736 | €315,085 | ▼ 3.9% |
| Trade debts44 | €39,921 | €18,646 | €220,444 | €241,196 | €274,851 | ▲ 14.0% |
| Suppliers440/4 | - | €18,646 | €220,444 | €241,196 | €274,851 | ▲ 14.0% |
| Taxes, remuneration and social security45 | - | €47,653 | €55,713 | €86,540 | €40,234 | ▼ 53.5% |
| Taxes450/3 | - | €41,778 | €53,347 | €84,035 | €33,782 | ▼ 59.8% |
| Remuneration and social security454/9 | - | €5,875 | €2,365 | €2,505 | €6,452 | ▲ 158% |
| Other amounts payable47/48 | - | €4,802 | €2 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €3,300 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,562 | €77,638 | €52,688 | €39,856 | €29,325 | ▼ 26.4% |
| + Depreciation and write-downs630 | €3,045 | €996 | €214 | €1,232 | €2,460 | ▲ 99.6% |
| Operating cash flow (approximation) | €8,607 | €78,634 | €52,902 | €41,088 | €31,784 | ▼ 22.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,305 | -€4,424 | -€22,774 | ▼ 415% |
| Change in cash | - | €82,271 | €98,529 | -€112,663 | -€91,254 | ▲ 19.0% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Equity above €200,000Eq €210,326 ▲16.2%
6 profitable years in a row build equity to €210,326.
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
31-12
Financial
Equity above €150,000Eq €181,001 ▲41.9%
5 profitable years in a row build equity to €181,001.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Highest result since 2019net €77,638 ▲1,296%
Operating result €101,227, net result €77,638, both a record.
31-12
Financial
Equity above €100,000Eq €104,974 ▲284%
3 profitable years in a row build equity to €104,974.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 181 days late
2020
31-12
Financial
Weakest financial yearnet €5,562 ▼40.7%
Net result drops to €5,562, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Ground area
316 m²
Building footprint
310 m²
Volume, LiDAR
3,500 m³
Parcel 11804D1844/00B000, Flanders · tallest building 18.6 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Maarschalk Gérardstraat 19, 2000 Antwerpen
since 20182.277.403.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11804D1844/00B000 | Flanders | 315 m² | 1 · 310 m² | 18.6 m · 5 fl. |
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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 4,560 companies in sector 74999 we hold annual accounts for 1,935. 1,468 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded31-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
70200Business and other management consultancy
71113Urban planning and landscape architecture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0696967071
Also
9925:BE0696967071
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.