Summary
IWAfinance 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 €186k and a net result of €71k. Equity is growing by ~41.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 1475 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 15-07-2026, 16 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
16 d early
2024
37 d early
2023
58 d early
2022
31 d early
2021
16 d early
2020
51 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€186k▲ 62.1%
2024 · €115k
2020: €33k
2021: €38k
2022: €68k
2023: €42k
2024: €115k
2020 → 2025
Net result
€71k▼ 2.7%
2024 · €73k
2020: €13k
2021: €5k
2022: €29k
2023: €18k
2024: €73k
2020 → 2025
Total assets
€442k▲ 53.7%
2024 · €288k
2020: €363k
2021: €321k
2022: €305k
2023: €250k
2024: €288k
2020 → 2025
Solvency
42.0%▲ 2.2pp
2024 · 39.9%
2020: 9.2%
2021: 11.9%
2022: 22.2%
2023: 16.6%
2024: 39.9%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€68k▲ 76.9%€42k▼ 38.6%€115k▲ 176%€186k▲ 62.1%
Operating result€11k-€43k▲ 296%€28k▼ 35.0%€103k▲ 272%€98k▼ 5.1%
Net result€5k-€29k▲ 490%€18k▼ 39.2%€73k▲ 310%€71k▼ 2.7%
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 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442k
Fixed assets
€279k ▲ 151%
Current assets
€164k ▼ 7.3%
Equity and liabilities €442k
Equity
€186k ▲ 62.1%
Debt
€256k ▲ 48.1%
Debt's share of the balance-sheet total falls from 60.1% to 58.0%. Equity and debt are higher.
Key figures and ratios
ROE
38.3%▼
2024 · 63.8%
ROA
16.1%▼
2024 · 25.4%
Debt ≤ 1 year
€156k▲
2024 · €127k
Debt > 1 year
€64k▲
2024 · €46k
Income taxes
€24k▼
2024 · €29k
Staff costs
€148k▼
2024 · €163k
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 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€288k€442k▲
Fixed assets21/28€111k€279k▲
Intangible fixed assets21€94k€231k▲
Tangible fixed assets22/27€18k€47k▲
Furniture and vehicles24€4k€1k▼
Other tangible fixed assets26€14k€46k▲
Current assets29/58€177k€164k▼
Amounts receivable within one year40/41€46k€69k▲
Trade receivables40€6k€0▼
Other amounts receivable41€40k€69k▲
Current investments50/53€20k€20k=
Cash at bank and in hand54/58€105k€75k▼
Deferred charges and accrued income490/1€6k€0▼
Equity and liabilities
Total equity and liabilities10/49€288k€442k▲
Equity10/15€115k€186k▲
Contributions10/11€20k€20k=
Reserves13€95k€166k▲
Distributable reserves133€95k€166k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€173k€256k▲
Amounts payable after more than one year17€46k€64k▲
Financial debts170/4€46k€64k▲
Amounts payable within one year42/48€127k€156k▲
Current portion of amounts payable after more than one year42€46k€58k▲
Financial debts43-€30k
Credit institutions430/8-€30k
Trade debts44€20k€4k▼
Suppliers440/4€20k€4k▼
Taxes, remuneration and social security45€60k€63k▲
Taxes450/3€32k€28k▼
Remuneration and social security454/9€28k€35k▲
Other amounts payable47/48€829€627▼
Accrued charges and deferred income492/3€0€37k▲
Income statement
Code20242025
Remuneration, social security and pensions62€163k€148k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€79k▲
Other operating charges640/8€571€323▼
Non-recurring operating charges66A€0-
Gross operating margin9900€320k€325k▲
Operating profit (loss)9901€103k€98k▼
Financial income75/76B€332€380▲
Recurring financial income75€332€380▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€102k€95k▼
Income taxes67/77€29k€24k▼
Profit (loss) for the period9904€73k€71k▼
Profit (loss) for the period to be appropriated9905€73k€71k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€71k▼
Transfer from equity791/2€0-
Transfer to equity691/2€73k€71k▼
To other reserves6921€73k€71k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)9087-3.0
The notes to these accounts (19 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €186k ▲62.1%
6 profitable years in a row build equity to €186k.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €73k ▲310%
Operating result €103k, net result €73k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲176%
5 profitable years in a row build equity to €115k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €5k ▼62.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Ichtegem · 1 establishment unit since 2019
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.
Oostendesteenweg(FICH) 178480 IchtegemGround area
732 m²
Building footprint
265 m²
Volume, LiDAR
349 m³
Parcel 35006A0565/00S000, Flanders · tallest building 10.0 m. Linked by address, not a title deed.
1 establishment unit
IWAfinance
since 20192.294.630.119
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35006A0565/00S000 | Flanders | 732 m² | 1 · 265 m² | 10.0 m |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 900 EUR awarded · 900 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,681 companies in sector 66191 we hold annual accounts for 1,230. 1,121 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 formPrivate limited company
Founded04-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
66191Agents and brokers in banking services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.