Ivenco
ActiveIvenco has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.02M and a net result of €-32k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 71% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability28▼-47
Solvency83▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 9.67 against 9.06 in 2024; short-term debt: 8.6% and cash: 0% of total assets), and 42.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
27 d late
2022
27 d late
2021
19 d late
2020
20 d late
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.02M▼ 1.6%
2024 · €2.05M
2019: €478k
2020: €483k
2021: €465k
2022: €462k
2023: €391k
2024: €2.05M
2019 → 2025
Total assets
€3.50M▲ 4.6%
2024 · €3.35M
2019: €1.01M
2020: €1.71M
2021: €1.79M
2022: €1.63M
2023: €1.49M
2024: €3.35M
2019 → 2025
Net result
€-32k
2024 · €1.66M
2019: €-10k
2020: €5k
2021: €-19k
2022: €-3k
2023: €-71k
2024: €1.66M
2019 → 2025
Working capital
€2.62M▲ 7.6%
2024 · €2.43M
2019: €-396k
2020: €-560k
2021: €-487k
2022: €-490k
2023: €-546k
2024: €2.43M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€465k-€462k▼ 0.6%€391k▼ 15.4%€2.05M▲ 425%€2.02M▼ 1.6%
Operating result€1k-€43k▲ 3,721%€-9k€29k€30k▲ 1.2%
Net result€-19k-€-3k▲ 86.4%€-71k▼ 2,677%€1.66M€-32k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.50M
Fixed assets
€580k▼ 5.5%
Current assets
€2.92M▲ 6.8%
Equity and liabilities €3.50M
Equity
€2.02M▼ 1.6%
Debt
€1.48M▲ 14.2%
The debt ratio rises from 38.8% to 42.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80k▼
2024 · €96k
Cash flow
€18k▼
2024 · €1.73M
Solvency
57.6%▼
2024 · 61.2%
Current ratio
9.67▲
2024 · 9.06
Quick ratio
9.67▲
2024 · 9.06
Debt / equity
0.74▲
2024 · 0.63
ROE
-1.6%▼
2024 · 80.9%
ROA
-0.9%▼
2024 · 49.5%
Interest coverage
1.30▼
2024 · 3.03
Debt
€1.48M▲
2024 · €1.30M
Debt ≤ 1 year
€302k▲
2024 · €302k
Debt > 1 year
€1.18M▲
2024 · €997k
Income taxes
€114▼
2024 · €2k
Staff costs
€54k▼
2024 · €56k
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€3.35M€3.50M▲
Fixed assets21/28€614k€580k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€612k€579k▼
Land and buildings22€587k€546k▼
Plant, machinery and equipment23€4k€2k▼
Other tangible fixed assets26€20k€30k▲
Financial fixed assets28€1€1=
Current assets29/58€2.74M€2.92M▲
Amounts receivable after more than one year29-€2.78M
Other amounts receivable291-€2.78M
Amounts receivable within one year40/41€2.71M€135k▼
Trade receivables40€162k€121k▼
Other amounts receivable41€2.55M€14k▼
Cash at bank and in hand54/58€67€9▼
Deferred charges and accrued income490/1€27k€4k▼
Equity and liabilities
Total equity and liabilities10/49€3.35M€3.50M▲
Equity10/15€2.05M€2.02M▼
Contributions10/11€193k€193k=
Capital10€193k€193k=
Issued capital100€193k€193k=
Revaluation surpluses12€650k€650k=
Reserves13€1.21M€1.18M▼
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Distributable reserves133€1.19M€1.16M▼
Profit (loss) carried forward14€0-
Amounts payable17/49€1.30M€1.48M▲
Amounts payable after more than one year17€997k€1.18M▲
Financial debts170/4€997k€1.18M▲
Amounts payable within one year42/48€302k€302k▲
Current portion of amounts payable after more than one year42€121k€94k▼
Trade debts44€53k€51k▼
Suppliers440/4€53k€51k▼
Taxes, remuneration and social security45€28k€28k▼
Taxes450/3€22k€19k▼
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€100k€129k▲
Accrued charges and deferred income492/3€1k€811▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€56k€54k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€67k€50k▼
Other operating charges640/8€15k€9k▼
Gross operating margin9900€168k€143k▼
Operating profit (loss)9901€29k€30k▲
Financial income75/76B€1.71M€0▼
Recurring financial income75€22k€0▼
Non-recurring financial income76B€1.69M€0▼
Financial charges65/66B€74k€62k▼
Recurring financial charges65€32k€62k▲
Non-recurring financial charges66B€42k€0▼
Profit (loss) for the period before taxes9903€1.66M€-32k▼
Transfer from deferred taxes780€0-
Income taxes67/77€2k€114▼
Profit (loss) for the period9904€1.66M€-32k▼
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€1.66M€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.17M€-32k▼
Profit (loss) brought forward from the previous period14P€-486k€0▲
Transfer from equity791/2-€32k
Transfer to equity691/2€1.17M€0▼
To the legal reserve6920€16k€0▼
To other reserves6921€1.16M€0▼
Social balance
Average headcount (FTE)90871.00.8▼
The notes to these accounts (26 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Back to profitnet €1.66M
Net result €1.66M after 3 loss-making years.
31-03
Financial
Liquidity times 71current ratio 9.06
Current ratio from 0.13 to 9.06; short-term debt falls from €626k to €302k.
31-03
Financial
Equity above €2MEq €2.05M ▲425%
Equity rises from €391k to €2.05M.
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
28-02
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
29-02
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Kuurne · 1 establishment unit since 1995
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.
Brugsesteenweg 3478520 KuurneGround area
4,166 m²
Building footprint
630 m²
Volume, LiDAR
3,425 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ivenco
since 19952.072.463.792
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0176/00G000 | Flanders | 3,650 m² | 1 · 286 m² | 8.1 m · 2 fl. |
| 34023C0193/00M013 | Flanders | 516 m² | 1 · 344 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 227 EUR awarded · 227 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 227 EUR |
| 2022 | 1 | 227 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
LES TROIS FONCIERES
BE 0440.970.314
Wavre · Eq €2.02M
GERONIQUEVY
BE 0841.756.397
Quévy · Eq €2.02M
AGENCE MULTI PRODUITS
BE 0438.722.387
Courcelles · Eq €2.02M
Q-Terra
BE 0745.968.305
Sint-Truiden · Eq €2.02M
COGEN REAL ESTATE & BUSINESS SERVICES
BE 0536.852.339
Ecaussinnes · Eq €2.02M
Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,293 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-03-1995
Fiscal year end31-03
Activities, NACEBEL
55100Hotels and similar accommodation
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
71401
77221Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.