Result
€70,012 €70,012
Back in profit in 2025, after a loss of €33,561 in 2024.
IWS
Lifetime
17 annual accounts with figures on one time axispeak €285,929 (2021)
€119,516▲ 12×
lowest -€33,561 (2024)
€70,012▲ €103,573
peak €977,557 (2021)
€959,705▲ 7.9%
€160,971▼ 34.2%
peak 1 FTE (2016)
-not published
Board1 name since 2021
1 directorWuestenbergs Ignaz
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €10,319 to €119,516Back to profit: €70,012Registered office moved from Bekkevoort to Hasselt 07-01Debts from €244,678 to €160,971Cash from €11,464 to €86,764
Key points
from the 2025 annual accountsFilings
17 annual accounts since 2009
The last five annual accounts were filed 0 to 4 days before the end of the period.
Position in the sector
€959,705
More equity than 95% of companies in architecture and engineering. Sector median €63,879 · 11,799 companies.
Checked score
94
Excellent
Financially stronger than 57% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.2 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.4%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.3%▼ -0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%▼ -0.3 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Figures for financial year 2025 (filed on 30-04-2026)
Size: total assets €1.1m
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 43% on liquidity, 43% on profitability and 54% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as IWS has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of IWS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for IWS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.86 (5.29 in 2024), above the usual 1.5. Short-term debt is 14.4% and cash 7.7% of total assets. 14.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
4 days early
2022
3 days early
2021
1 day early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Recent changes
Registered office moved from Bekkevoort to Hasselt
New registered office: Doornebosstraat 8 te 3500 Hasselt · Previous registered office: Struikstraat 102 te 3460 Bekkevoort · General meeting of 16-12-2024 · Gazette deed
First establishment
Doornebosstraat 8, Hasselt
Incorporation
published on 13-08-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IWS Hasselt | €1.1m | €119,516 | 85.6% | - |
| FRAEYE PROJECTS Sint-Martens-Latem | €1.0m | €119,406 | 56.7% | - |
| NIBL Kalmthout | €1.3m | €134,847 | 40.0% | - |
| NFTEK Beloeil | €0.9m | €129,304 | 33.5% | - |
| Compagnie Wallonne à Portefeuille Donceel | €0.9m | €110,230 | 19.6% | - |
| ARTHOS TECHNICS Esneux | €0.9m | €106,018 | 24.8% | - |
| IDE - VAN GHELUWE Moorslede | €1.1m | €143,369 | 70.7% | 0 |
These companies have the same main activity as IWS: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €931,000 and €1.3m, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 23-07-2008Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 6 others
- Establishment unit
- 2.172.308.0703500 Hasselt, since 11-08-2008
- Financial year end
- 30 September
- Peppol
- Not found in the Peppol Directory
Annual accounts to 30-09-2025
- ≈ €240,000estimated
- €1.1m▼ 1.2%
- Filing
- Filed on 30-04-2026, on the last day of the filing period
Insights on IWS
IWS files the micro format. That format states no turnover. The gross margin rose from €41,811 in 2009 to €119,516 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IWS
- What is the company number of IWS?
- The company number of IWS is 0899.636.693. The VAT number is the same number with BE in front: BE 0899.636.693.
- Where is IWS based?
- The registered office is at Doornebosstraat 8, 3500 Hasselt.Company details
- What does IWS do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of IWS?
- IWS is a private limited company (pre-2019) (BVBA).
- When was IWS founded?
- IWS was founded on 23-07-2008.
- Is IWS still active?
- Yes, IWS is an active enterprise in the KBO register.
- How many employees does IWS have?
- IWS had an average of 0.3 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of IWS?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €119,516 and 36 comparable companies (NACE 711). It probably lies between €180,000 and €310,000.
- Is IWS profitable?
- In financial year 2025, IWS made a profit of €70,012.
- Where can I find the annual accounts of IWS?
- IWS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IWS due?
- IWS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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