Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
IoTCo from Liège, company number BE0681442024, closed financial year 2025 with a result of € -79,697 after tax. For that financial year IoTCo recorded a gross margin of € 49,672 and equity of € 270,274. Compared with financial year 2024, the result moved from € -38,726 to € -79,697. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 270,274
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -79,697
▼ 106 % more loss than in 2024
Profit after tax over the fiscal year.
€ 49,286
▲ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -191,726.
People and assets in 2025
1
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 88,521
▲ 1% vs 2024
€ 88,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,082
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 107,962
▼ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,818
▲ € 42,572 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -57,771 | € 348,001 | € 70,489 | € 49,672 | ▼ 30% |
| Profit after taxes | € -181,034 | € 217,815 | € -38,726 | € -79,697 | ▼ € 40,971 |
| Equity | € 170,883 | € 388,698 | € 349,971 | € 270,274 | ▼ 23% |
| Total debts | € 443,054 | € 147,866 | € 147,372 | € 180,738 | ▲ 23% |
| Cash | € 141,927 | € 197,240 | € 42,024 | € 49,286 | ▲ 17% |
| Retained profit | € -291,117 | € -73,302 | € -112,029 | € -191,726 | ▼ € 79,697 |
| Bank debt | € 378,375 | € 50,000 | € 0 | € 0 | |
| Balance sheet total | € 613,937 | € 536,563 | € 497,344 | € 451,012 | ▼ 9% |
| Employees (FTE) | - | - | 1.2 | 1 | ▼ 0.2 |
Key figures of IoTCo, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to IoTCo?
What happened at IoTCo in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Emilia Mouchamps stepped down as director. NBB
- The FAKTORY SA stepped down as director. NBB
- HALDYR SRL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 79,697. filed late Source: NBB ↗
- Emilia Mouchamps became a director. NBB
- The FAKTORY SA became a director. NBB
- HALDYR SRL became a director. NBB
- New establishment in Liège. KBO
In short
From € 181,034 loss in 2022 to € 79,697 loss in 2025.
Paid € 680 in corporate taxes since 2022.
Best year ever: 2023, with € 217,815 profit.
On average € 49,700 of value added per employee in 2025.
Management
The stake of THE FAKTORY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IoTCoThe shares are held by THE FAKTORY (53.5%).
Directors
According to the 2025 annual accounts
Director · represented by Pierre L'HOEST
Also active at: AEROBOT, WHITECROW TECH, DATA FELLAS, Fotosoft
since 2022 · until 2028
since 2024 · until 2030
Managing director · represented by Simon ALEXANDRE
Also active at: BELINVEST, e-peas, AEROBOT, Wishbone, WHITECROW TECH, DATA FELLAS, THE FAKTORY, IVEX +11 more
since 2022 · until 2028
Shareholders
53.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Léon-Frédéricq 48
4020 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →THE FAKTORY same network
€ -234,691 gross margin · 2025
IOPOOL same network
€ -256,039 gross margin · 2025
Fotosoft same network
€ 380,123 gross margin · 2025
MARC35 same network
€ -23,263 gross margin · 2025
The Faktory Fund Management same network
€ 17,255 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0681.442.024
- VAT number
- BE 0681.442.024
- Registered office
- Rue Léon-Frédéricq 48, 4020 Liège
- Names & denominations
- IoTCo
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 2017
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
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