Equity
-€37,112
Debts exceed assets in financial year 2025.
iBLUE - IMPROVE YOUR FLEET
Lifetime
4 annual accounts with figures on one time axispeak €60,625 (2024)
€50,422▼ 16.8%
lowest -€136,070 (2023)
-€9,408▼ €6,174
peak €111,599 (2022)
-€37,112▼ €9,408
€615,165▲ 1.5%
peak 1.2 FTE (2022)
0.4 FTE▼ 60.0%
Board2 names since 2021
2 directorsI.C.C. MANAGEMENT and 1 other
Owners
50%NILLAY
Documentsfilings and deeds
01-03-202629 days late
2025financial year
Gross margin from €60,625 to €50,422Loss of €9,408Staff from 1 FTE to 0.4 FTERegistered office moved from Waremme to Soiron 30-10Equity from -€27,705 to -€37,112Investments €72,415
Key points
from the 2025 annual accountsLosses
-€148,711 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€615,165 106% of the balance sheet
Financial debts 43%Suppliers 35%Taxes and wages 0%Other 22%
Of this, €593,847 falls due within a year.
Investments
€108,846 3.4 × depreciation
Green is investment, beige is depreciation.
Staff
1 employees on 30-06-2025
In 2025, nobody joined and 1 person left.
Position in the sector
-€37,112
Less equity than 92% of companies in education. Sector median €560,990 · 586 companies.
2025 accounts filed 29 days after the deadline
Checked score
49
Fair
Financially stronger than 18% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 2.2%▼ -0.1 percentage points vs 12-2024
02-2025: 3.1%▲ +0.9 percentage points vs 01-2025
03-2025: 1.3%▼ -1.8 percentage points vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.3%● unchanged vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025lowest value
10-2025: 1.4%▲ +0.1 percentage points vs 09-2025
11-2025: 3.6%▲ +2.2 percentage points vs 10-2025
12-2025: 3.7%▲ +0.1 percentage points vs 11-2025
01-2026: 3.7%● unchanged vs 12-2025
02-2026: 4.6%▲ +0.9 percentage points vs 01-2026
03-2026: 5.0%▲ +0.4 percentage points vs 02-2026highest value
04-2026: 2.0%▼ -3.0 percentage points vs 03-2026
05-2026: 2.0%● unchanged vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.0%● unchanged vs 06-2026
08-2026: 2.0%● unchanged vs 07-2026
09-2026: 2.0%● unchanged vs 08-2026
10-2026: 3.0%▲ +1.0 percentage point vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€37,112
Founded in 2021
lowers risk
Size: 0.4 FTE, total assets €578,053
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 15% of them on solvency, 9% on liquidity, 35% on profitability and 14% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,564 companies had the same profile as iBLUE - IMPROVE YOUR FLEET has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of iBLUE - IMPROVE YOUR FLEET itself: 3.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,564 companies, not a prediction for iBLUE - IMPROVE YOUR FLEET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.65 (0.74 in 2024), below 1. Short-term debt is 102.7% and cash 4.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€37,112
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-03-2026, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
29 days late
2024
3 days late
2023
on the day
2022
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 8 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Company renamed from E-BLUE to iBLUE - IMPROVE YOUR FLEET
Resignation: I.C. C. MANAGEMENT (director) · Permanent representative: TROIAN Patrick · General meeting of 22-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0768273949
Registered office moved from Waremme to Soiron
New registered office: Rue du Tilleul 197, 4861 Soiron · Previous registered office: Rue de Huy 270 à 4300 Waremme · General meeting of 15-09-2025 · Gazette deed
Incorporation
Founding capital of €100,000, 1,000 shares · Founders: NILLAY, I.C.C. MANAGEMENT, SERASOL and 1 other · Appointments: NILLAY (director) and I.C.C. MANAGEMENT (director) · published on 12-05-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| iBLUE - IMPROVE YOUR FLEET Pepinster | €0.6m | €50,422 | -6.4% | 0.4 |
| FORMALIA Fexhe-le-Haut-Clocher | €0.5m | €65,543 | 68.5% | 0.6 |
| QRP BE Brussels | €0.4m | €25,735 | 18.2% | 0.1 |
| TRAINING CENTER Kontich | €1.0m | €70,693 | 76.8% | 0 |
| Groepspraktijk Eclips Kortrijk | €0.5m | €227,887 | 46.0% | 0 |
| TEMPORIS Hannut | €0.5m | €197,319 | 56.3% | 1.8 |
| SYNTRA business Genk | €0.7m | €175,806 | 29.0% | 0.2 |
These companies have the same main activity as iBLUE - IMPROVE YOUR FLEET: vocational training (NACE 85592). They are comparable in size and age: total assets between €441,000 and €1m, founded between 2014 and 2019.
Official details
Source: KBO- Status
- Active since 10-05-2021Normal situation
- Activity
- Vocational trainingNACE 85592and 4 others
- Establishment unit
- 2.317.493.0191190 Forest, since 10-05-2021
- Financial year end
- 30 June
- Peppol
- Reachable since 26-12-2025
Annual accounts to 30-06-2025
- ≈ €140,000estimated
- €578,053=
- Employeeson 30-06-2025
- 1=
- Filing
- Filed on 01-03-2026
Insights on iBLUE - IMPROVE YOUR FLEET
The computed 12-month bankruptcy probability of iBLUE - IMPROVE YOUR FLEET is 3.0% (moderate). The 2025 annual accounts show negative equity (-€37,112) and a net result of -€9,408.
Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 586 sector peers (NACE 85, financial year 2025).
The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about iBLUE - IMPROVE YOUR FLEET
- What is the company number of iBLUE - IMPROVE YOUR FLEET?
- The company number of iBLUE - IMPROVE YOUR FLEET is 0768.273.949. The VAT number is the same number with BE in front: BE 0768.273.949.
- Where is iBLUE - IMPROVE YOUR FLEET based?
- The registered office is at Tilleul 197, 4861 Pepinster.Company details
- What does iBLUE - IMPROVE YOUR FLEET do?
- According to the KBO register, the main activity is vocational training (NACE 85592).
- What is the legal form of iBLUE - IMPROVE YOUR FLEET?
- iBLUE - IMPROVE YOUR FLEET is a private limited company (BV).
- When was iBLUE - IMPROVE YOUR FLEET founded?
- iBLUE - IMPROVE YOUR FLEET was founded on 10-05-2021.
- Is iBLUE - IMPROVE YOUR FLEET still active?
- Yes, iBLUE - IMPROVE YOUR FLEET is an active enterprise in the KBO register.
- How many employees does iBLUE - IMPROVE YOUR FLEET have?
- iBLUE - IMPROVE YOUR FLEET had an average of 0.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of iBLUE - IMPROVE YOUR FLEET?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €50,422 and 1,300 comparable companies of the same size. It probably lies between €86,000 and €270,000. It is a rough estimate.
- Is iBLUE - IMPROVE YOUR FLEET profitable?
- In financial year 2025, iBLUE - IMPROVE YOUR FLEET made a loss of €9,408.
- Where can I find the annual accounts of iBLUE - IMPROVE YOUR FLEET?
- iBLUE - IMPROVE YOUR FLEET filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of iBLUE - IMPROVE YOUR FLEET due?
- iBLUE - IMPROVE YOUR FLEET must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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