VAN IEPEN
ActiveVAN IEPEN has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €-8k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency12=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity short (current ratio 0.05 against 0.02 in 2024), and 81.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
44 d early
2023
14 d late
2022
32 d early
2021
5 d late
2020
11 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€134k▼ 5.3%
2024 · €142k
2018: €219k
2019: €219k
2020: €187k
2021: €160k
2022: €178k
2023: €150k
2024: €142k
2018 → 2025
Total assets
€725k▼ 4.8%
2024 · €761k
2018: €930k
2019: €930k
2020: €899k
2021: €844k
2022: €823k
2023: €784k
2024: €761k
2018 → 2025
Net result
€-8k▲ 1.3%
2024 · €-8k
2018: €108k
2019: €108k
2020: €-40k
2021: €-28k
2022: €18k
2023: €-28k
2024: €-8k
2018 → 2025
Working capital
€-368k▲ 9.0%
2024 · €-404k
2018: €-115k
2019: €-250k
2020: €-271k
2021: €-302k
2022: €-391k
2023: €-425k
2024: €-404k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€160k-€178k▲ 11.4%€150k▼ 15.9%€142k▼ 5.1%€134k▼ 5.3%
Operating result€-13k-€36k€-15k€8k€6k▼ 26.3%
Net result€-28k-€18k€-28k€-8k▲ 73.0%€-8k▲ 1.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725k
Fixed assets
€706k▼ 6.1%
Current assets
€19k▲ 103%
Equity and liabilities €725k
Equity
€134k▼ 5.3%
Debt
€590k▼ 4.6%
The debt ratio rises from 81.3% to 81.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€67k▼
2024 · €71k
Cash flow
€53k▼
2024 · €55k
Solvency
18.5%▼
2024 · 18.7%
Current ratio
0.05▲
2024 · 0.02
Quick ratio
0.05▲
2024 · 0.02
Debt / equity
4.39▲
2024 · 4.36
ROE
-5.6%▼
2024 · -5.4%
ROA
-1.0%▼
2024 · -1.0%
Interest coverage
4.87▲
2024 · 4.45
Debt
€590k▼
2024 · €619k
Debt ≤ 1 year
€386k▼
2024 · €413k
Debt > 1 year
€189k▲
2024 · €189k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€761k€725k▼
Fixed assets21/28€752k€706k▼
Tangible fixed assets22/27€749k€703k▼
Land and buildings22€573k€545k▼
Furniture and vehicles24€12k€15k▲
Other tangible fixed assets26€165k€143k▼
Financial fixed assets28€3k€3k=
Current assets29/58€9k€19k▲
Amounts receivable within one year40/41€977€1k▲
Trade receivables40€977€1k▲
Other amounts receivable41-€282
Cash at bank and in hand54/58€7k€16k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€761k€725k▼
Equity10/15€142k€134k▼
Contributions10/11€182k€182k=
Capital10€182k€182k=
Issued capital100€182k€182k=
Reserves13€303k€295k▼
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Tax-exempt reserves132€140k€132k▼
Distributable reserves133€155k€155k=
Profit (loss) carried forward14€-343k€-342k▲
Amounts payable17/49€619k€590k▼
Amounts payable after more than one year17€189k€189k▲
Financial debts170/4€182k€182k=
Other amounts payable178/9€7k€7k▲
Amounts payable within one year42/48€413k€386k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€0€61▲
Suppliers440/4€0€61▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€413k€386k▼
Accrued charges and deferred income492/3€17k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€60k▼
Other operating charges640/8€11k€11k▲
Gross operating margin9900€82k€78k▼
Operating profit (loss)9901€8k€6k▼
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€16k€14k▼
Recurring financial charges65€16k€14k▼
Profit (loss) for the period before taxes9903€-8k€-8k▲
Profit (loss) for the period9904€-8k€-8k▲
Transfer from tax-exempt reserves789€9k€9k=
Profit (loss) for the period to be appropriated9905€882€983▲
Appropriation of the result
Profit (loss) to be appropriated9906€-343k€-342k▲
Profit (loss) brought forward from the previous period14P€-344k€-343k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
31-12
Financial
Weakest financial yearnet €-40k ▼137%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Gent · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eedverbondkaai 1799000 GentGround area
164 m²
Building footprint
91 m²
Volume, LiDAR
1,449 m³
Parcel 44809I0829/00W002, Flanders · tallest building 18.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Eedverbondkaai 179, 9000 Gent
since 19982.086.929.066
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0829/00W002 | Flanders | 164 m² | 1 · 90 m² | 18.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Konkest Realty
BE 0734.918.124
Charleroi · Eq €134k
AMANASH
BE 0789.452.316
Ukkel · Eq €135k
ELIFRAUR
BE 0784.982.396
Arlon · Eq €135k
BRUININKX INVEST
BE 0774.902.811
Edegem · Eq €134k
EGY-INVEST
BE 0452.278.732
Tessenderlo-Ham · Eq €135k
Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 3,978 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-04-1998
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.