IFW Globe is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.4m and a net result of €24.4m. Equity has been growing by about 4.1% per year since 2019. Its solvency ranks better than 8% of 3,032 sector peers (NACE 64, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
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neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications
Key points
Caution: Equity fell in 2025from €13.4m to €1.4m▼ 89.8%View
Caution: Lower solvency than 92% of companies in financial servicessector median 61.1% · 3,032 companies4.9%View
Positive: Filed on time since financial year 2018accounts within the deadline every year8 yearsView
Positive: 7 profitable years in a rowprofit 2025: €24.4m7 yearsView
Board changedlatest change 30-04-2026 · 2 in office1 joined · 1 leftView
· Gazette deed4 directors appointed, 1 director resigningChange of role: Brisam BV, from director to day-to-day manager · Appointment: Shipex Group BV (voorzitter van het bestuursorgaan) · Permanent representatives: Nicolas De Bruyne and Bram De Schepper
· Gazette deedAmendment of the articlesGeneral meeting of 31-03-2025
These companies have the same main activity as IFW Globe: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €24m and €35m, founded between 2010 and 2016.