IVIN
ActiveSummary
IVIN has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €889k and a net result of €39k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 68% of 279 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+2
Solvency79▼-14
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.66 against 2.68 in 2024; short-term debt: 39.3% and cash: 11.3% of total assets), and 46.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.5%
Return on assets
2.3%
Age of the figures
12 mo
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 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
9 d late
2023
4 d early
2022
5 d early
2021
4 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€889k▲ 4.5%
2024 · €850k
2018: €635k
2019: €635k
2020: €636k
2021: €821k
2022: €821k
2023: €835k
2024: €850k
2018 → 2025
Total assets
€1.66M▲ 33.7%
2024 · €1.24M
2018: €1.65M
2019: €1.46M
2020: €1.25M
2021: €1.46M
2022: €1.43M
2023: €1.55M
2024: €1.24M
2018 → 2025
Net result
€39k▲ 147%
2024 · €16k
2018: €146k
2019: €126k
2020: €101k
2021: €221k
2022: €130k
2023: €175k
2024: €16k
2018 → 2025
Working capital
€433k▼ 21.7%
2024 · €553k
2018: €-326k
2019: €-207k
2020: €-82k
2021: €348k
2022: €452k
2023: €425k
2024: €553k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€821k-€821k=€835k▲ 1.7%€850k▲ 1.8%€889k▲ 4.5%
Operating result€285k-€134k▼ 52.8%€174k▲ 30.0%€2k▼ 98.9%€40k▲ 1,939%
Net result€221k-€130k▼ 41.1%€175k▲ 34.2%€16k▼ 91.1%€39k▲ 147%
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 recovers in 2025; 2025 is 1,939% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€574k ▲ 60.2%
Current assets
€1.09M ▲ 23.0%
Equity and liabilities €1.66M
Equity
€889k ▲ 4.5%
Provisions
€60k ▼ 3.2%
Debt
€713k ▲ 116%
Debt's share of the balance-sheet total rises from 26.6% to 42.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€187k▲
2024 · €117k
Cash flow
€186k▲
2024 · €131k
Current ratio
1.66▼
2024 · 2.68
Debt to equity
0.80▲
2024 · 0.39
ROE
4.3%▲
2024 · 1.8%
ROA
2.3%▲
2024 · 1.3%
Interest coverage
25.78▲
2024 · 17.68
Debt ≤ 1 year
€653k▲
2024 · €330k
Debt > 1 year
€23k
Income taxes
€15k▲
2024 · €7k
Staff costs
€0▲
2024 · €-345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.66M▲
Fixed assets21/28€359k€574k▲
Tangible fixed assets22/27€359k€574k▲
Land and buildings22-€300k
Other tangible fixed assets26€359k€274k▼
Current assets29/58€883k€1.09M▲
Amounts receivable within one year40/41€157k€175k▲
Trade receivables40€90k€106k▲
Other amounts receivable41€67k€69k▲
Current investments50/53€614k€723k▲
Cash at bank and in hand54/58€113k€188k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.66M▲
Equity10/15€850k€889k▲
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€500k€500k=
Uncalled capital101€250k€250k=
Reserves13€574k€569k▼
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Tax-exempt reserves132€184k€179k▼
Distributable reserves133€340k€340k=
Profit (loss) carried forward14€26k€70k▲
Investment grants15€314€0▼
Provisions and deferred taxes16€62k€60k▼
Deferred taxes168€62k€60k▼
Amounts payable17/49€330k€713k▲
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€330k€653k▲
Current portion of amounts payable after more than one year42-€4k
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Taxes, remuneration and social security45€10k€23k▲
Taxes450/3€10k€23k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€311k€615k▲
Accrued charges and deferred income492/3-€37k
Income statement
Code20242025
Remuneration, social security and pensions62€-345€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€147k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€118k€189k▲
Operating profit (loss)9901€2k€40k▲
Financial income75/76B€25k€19k▼
Recurring financial income75€25k€19k▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€21k€52k▲
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77€7k€15k▲
Profit (loss) for the period9904€16k€39k▲
Transfer from tax-exempt reserves789€5k€5k▲
Profit (loss) for the period to be appropriated9905€21k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€26k€70k▲
Profit (loss) brought forward from the previous period14P€5k€26k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (11 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 9 days late
2024
30-09
Financial
Weakest financial yearnet €16k ▼91.1%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €221k ▲120%
Operating result €285k, net result €221k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Harelbeke · 1 establishment unit since 2009
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.
Tweede Doorsnijdstraat 18531 HarelbekeGround area
1.4 ha
Building footprint
294 m²
Volume, LiDAR
1,849 m³
Parcel 34004A0191/00D000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IVIN
since 20092.186.077.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34004A0191/00D000 | Flanders | 1.4 ha | 1 · 294 m² | 10.9 m · 2 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
CORETEC Services
BE 0670.423.814
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Truant
BE 0405.518.495
Poperinge · Eq €888,998
Ampère
BE 0732.822.924
Hamme (Vl.) · Eq €874,610
TerPower
BE 0715.592.853
Hulshout · Eq €865,166
V.B.P.V.
BE 0823.447.351
Lubbeek · Eq €915,291
Of 563 companies in sector 35150 we hold annual accounts for 230. 123 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-12-2009
Fiscal year end30-09
Activities, NACEBEL 2025
35150Electricity, gas, steam and air conditioning supply
71121Engineering and related technical consultancy, excluding land surveyors
72101Research and development on biotechnology
72109Other research and development on natural sciences
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.