IZIAP
ActiveSummary
IZIAP has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195k and a net result of €58k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
95
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 8.82 against 2.22 in 2024; short-term debt: 8.7% and cash: 62.2% of total assets), and 8.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
91.3%
Return on assets
27.3%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
1 d early
2022
on the day
2021
2 d early
2020
24 d late
2019
29 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, micro schema
Equity
€195k▲ 42.6%
2024 · €137k
2019: €100k
2020: €135k
2021: €174k
2022: €218k
2023: €137k
2024: €137k
2019 → 2025
Total assets
€214k▲ 6.2%
2024 · €201k
2019: €157k
2020: €200k
2021: €221k
2022: €257k
2023: €299k
2024: €201k
2019 → 2025
Net result
€58k▲ 10.4%
2024 · €53k
2019: €81k
2020: €36k
2021: €39k
2022: €43k
2023: €32k
2024: €53k
2019 → 2025
Working capital
€146k▲ 85.5%
2024 · €79k
2019: €82k
2020: €109k
2021: €143k
2022: €147k
2023: €81k
2024: €79k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€174k-€218k▲ 24.9%€137k▼ 37.2%€137k=€195k▲ 42.6%
Operating result€50k-€60k▲ 18.7%€40k▼ 33.1%€67k▲ 66.6%€80k▲ 20.1%
Net result€39k-€43k▲ 11.6%€32k▼ 27.3%€53k▲ 67.0%€58k▲ 10.4%
Turnover and EBIT margin not published: the 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 20% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214k
Fixed assets
€49k ▼ 15.3%
Current assets
€164k ▲ 15.0%
Equity and liabilities €214k
Equity
€195k ▲ 42.6%
Debt
€19k ▼ 71.1%
Debt's share of the balance-sheet total falls from 32.0% to 8.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▲
2024 · €82k
Cash flow
€75k▲
2024 · €68k
Current ratio
8.82▲
2024 · 2.22
Debt to equity
0.10▼
2024 · 0.47
ROE
29.9%▼
2024 · 38.6%
ROA
27.3%▲
2024 · 26.2%
Interest coverage
1045.46▼
2024 · 1141.47
Debt ≤ 1 year
€19k▼
2024 · €64k
Income taxes
€23k▲
2024 · €14k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€201k€214k▲
Fixed assets21/28€58k€49k▼
Tangible fixed assets22/27€58k€49k▼
Land and buildings22€26k€30k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€31k€18k▼
Current assets29/58€143k€164k▲
Amounts receivable within one year40/41€36k€30k▼
Trade receivables40€19k€20k▲
Other amounts receivable41€17k€10k▼
Cash at bank and in hand54/58€105k€133k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€201k€214k▲
Equity10/15€137k€195k▲
Contributions10/11€19k€19k=
Reserves13€118k€177k▲
Distributable reserves133€118k€177k▲
Amounts payable17/49€64k€19k▼
Amounts payable within one year42/48€64k€19k▼
Trade debts44€331€555▲
Suppliers440/4€331€555▲
Taxes, remuneration and social security45€19k€18k▼
Taxes450/3€19k€18k▼
Other amounts payable47/48€45k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€17k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€83k€98k▲
Operating profit (loss)9901€67k€80k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€72€92▲
Recurring financial charges65€72€92▲
Profit (loss) for the period before taxes9903€67k€81k▲
Income taxes67/77€14k€23k▲
Profit (loss) for the period9904€53k€58k▲
Profit (loss) for the period to be appropriated9905€53k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€58k▲
Transfer to equity691/2-€58k
To other reserves6921-€58k
Profit to be distributed694/7€53k-
Return on contributions (dividend)694€53k-
The notes to these accounts (5 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 8.82
Current ratio from 2.22 to 8.82; short-term debt falls from €64k to €19k.
31-12
Financial
Equity above €150kEq €195k ▲42.6%
7 profitable years in a row build equity to €195k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €32k ▼27.3%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €218k ▲24.9%
4 profitable years in a row build equity to €218k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €174k ▲28.8%
3 profitable years in a row build equity to €174k.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Equity above €100kEq €135k ▲36%
2 profitable years in a row build equity to €135k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mouscron · 1 establishment unit since 2018
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.
Gérard Cossementstraat(D) 117711 MouscronGround area
647 m²
Building footprint
128 m²
Parcel 54003R0637/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
IZIAP
since 20182.282.666.356
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003R0637/00K000 | Wallonia | 647 m² | 1 · 128 m² | - |
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
WR Solutions
BE 0792.211.569
Bierbeek · Eq €195,219
PRODUSOFT
BE 0462.033.863
Maldegem · Eq €195,244
DOMENEX CONSTRUCTIONS
BE 0819.316.240
Zemst · Eq €195,351
KDCCVM
BE 0560.666.928
Gent · Eq €195,384
EAST NORTH EAST CONSULTING
BE 0864.049.967
Sint-Lambrechts-Woluwe · Eq €194,920
Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,649 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
Founded26-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.