I & B
ActiveSummary
For the legal form of I & B, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €247,589 and a net result of -€57,768. Equity is shrinking by ~9% per year across the filed fiscal years. The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-18
Solvency39▼-4
Growth32▼-26
Track record100
Credit verdict
Credit up to €9,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.11 in 2024; short-term debt: 13.8% and cash: 0.1% of total assets), and 85.8% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€57,768
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
91 d late
2023
on the day
2022
16 d late
2021
29 d late
2020
29 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 14 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€247,589▼ 18.9%
2024 · €305,357
Total assets
€1.7m▲ 3.6%
2024 · €1.7m
Net result
-€57,768▼ 107%
2024 · -€27,877
Working capital
-€237,467▼ 10.7%
2024 · -€214,492
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€70,783▼ 839%-€989▲ 98.6%-€28,521▼ 2,784%-€18,326▲ 35.7%-€45,455▼ 148%
Net result-€78,195▼ 925%-€11,065▲ 85.8%-€38,484▼ 248%-€27,877▲ 27.6%-€57,768▼ 107%
Equity€382,783▼ 17.0%€371,718▼ 2.9%€333,234▼ 10.4%€305,357▼ 8.4%€247,589▼ 18.9%
Total assets€1.6m▲ 51.6%€1.7m▲ 3.4%€1.7m▼ 0.3%€1.7m▼ 0.1%€1.7m▲ 3.6%
Debt€1.3m▲ 103%€1.3m▲ 5.4%€1.4m▲ 2.6%€1.4m▲ 1.9%€1.5m▲ 8.5%
Working capital-€212,835▼ 30.8%-€229,537▼ 7.8%-€247,972▼ 8.0%-€214,492▲ 13.5%-€237,467▼ 10.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +52% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45,455 in 2025 against €18,326 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.7m ▲ 5.1%
Current assets
€2,459 ▼ 90.7%
Equity and liabilities €1.7m
Equity
€247,589 ▼ 18.9%
Debt
€1.5m ▲ 8.5%
Debt's share of the balance-sheet total rises from 81.9% to 85.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23,562▼
2024 · €37,809
Cash flow
€11,249▼
2024 · €28,258
Current ratio
0.01▼
2024 · 0.11
Debt to equity
6.04▲
2024 · 4.51
ROE
-23.3%▼
2024 · -9.1%
ROA
-3.3%▼
2024 · -1.7%
Interest coverage
1.91▼
2024 · 3.91
Debt ≤ 1 year
€239,926▼
2024 · €240,899
Debt > 1 year
€1.3m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,671 | €38,710 | €51,883 | €56,134 | €69,017 | ▲ 22.9% |
| Other operating charges640/8 | €37,283 | €9,647 | €9,729 | €11,777 | €12,557 | ▲ 6.6% |
| Gross operating margin9900 | €5,171 | €47,368 | €33,091 | €49,585 | €36,119 | ▼ 27.2% |
| Operating profit (loss)9901 | -€70,783 | -€989 | -€28,521 | -€18,326 | -€45,455 | ▼ 148% |
| Financial income75/76B | - | €370 | €38 | €130 | €23 | ▼ 82.5% |
| Recurring financial income75 | - | €370 | €38 | €130 | €23 | ▼ 82.5% |
| Financial charges65/66B | €7,412 | €10,447 | €10,001 | €9,681 | €12,336 | ▲ 27.4% |
| Recurring financial charges65 | €7,412 | €10,447 | €10,001 | €9,681 | €12,336 | ▲ 27.4% |
| Profit (loss) for the period before taxes9903 | -€78,195 | -€11,065 | -€38,484 | -€27,877 | -€57,768 | ▼ 107% |
| Profit (loss) for the period9904 | -€78,195 | -€11,065 | -€38,484 | -€27,877 | -€57,768 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€78,195 | -€11,065 | -€38,484 | -€27,877 | -€57,768 | ▼ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 3.6% |
| Fixed assets21/28 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 5.1% |
| Tangible fixed assets22/27 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 5.1% |
| Land and buildings22 | €1.6m | €1.7m | €1.7m | €1.6m | €1.7m | ▲ 3.2% |
| Plant, machinery and equipment23 | €9,297 | €4,012 | €3,811 | €16,129 | €13,503 | ▼ 16.3% |
| Furniture and vehicles24 | - | - | - | - | €34,456 | - |
| Financial fixed assets28 | €446 | €446 | €446 | €446 | €446 | = |
| Current assets29/58 | €1,905 | €4,187 | €1,554 | €26,407 | €2,459 | ▼ 90.7% |
| Amounts receivable within one year40/41 | - | - | - | €25,000 | - | - |
| Trade receivables40 | - | - | - | €25,000 | - | - |
| Cash at bank and in hand54/58 | €1,905 | €4,187 | €1,554 | €1,407 | €2,459 | ▲ 74.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 3.6% |
| Equity10/15 | €382,783 | €371,718 | €333,234 | €305,357 | €247,589 | ▼ 18.9% |
| Contributions10/11 | €440,000 | €440,000 | €440,000 | €440,000 | €440,000 | = |
| Capital10 | €440,000 | €440,000 | €440,000 | €440,000 | €440,000 | = |
| Issued capital100 | €440,000 | €440,000 | €440,000 | €440,000 | €440,000 | = |
| Reserves13 | €41,644 | €41,644 | €41,644 | €41,644 | €41,644 | = |
| Non-distributable reserves130/1 | €41,644 | €41,644 | €41,644 | €41,644 | €41,644 | = |
| Legal reserve130 | €41,644 | €41,644 | €41,644 | €41,644 | €41,644 | = |
| Profit (loss) carried forward14 | -€98,861 | -€109,926 | -€148,411 | -€176,287 | -€234,055 | ▼ 32.8% |
| Amounts payable17/49 | €1.3m | €1.3m | €1.4m | €1.4m | €1.5m | ▲ 8.5% |
| Amounts payable after more than one year17 | €1.0m | €1.1m | €1.1m | €1.1m | €1.3m | ▲ 10.4% |
| Financial debts170/4 | €585,770 | €633,000 | €661,580 | €697,034 | €833,529 | ▲ 19.6% |
| Trade debts175 | €450,000 | €450,000 | €439,835 | €439,835 | €421,835 | ▼ 4.1% |
| Amounts payable within one year42/48 | €214,740 | €233,724 | €249,526 | €240,899 | €239,926 | ▼ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €31,177 | €31,667 | ▲ 1.6% |
| Trade debts44 | - | €2,381 | €5,354 | €9,265 | €42,503 | ▲ 359% |
| Suppliers440/4 | - | €2,381 | €5,354 | €9,265 | €42,503 | ▲ 359% |
| Other amounts payable47/48 | €214,740 | €231,344 | €244,172 | €200,457 | €165,755 | ▼ 17.3% |
| Accrued charges and deferred income492/3 | - | €1,100 | €1,100 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,195 | -€11,065 | -€38,484 | -€27,877 | -€57,768 | ▼ 107% |
| + Depreciation and write-downs630 | €38,671 | €38,710 | €51,883 | €56,134 | €69,017 | ▲ 22.9% |
| Operating cash flow (approximation) | -€39,524 | €27,645 | €13,399 | €28,258 | €11,249 | ▼ 60.2% |
| Investment in fixed assets (approximation) | - | -€92,677 | -€50,249 | -€29,131 | -€152,719 | ▼ 424% |
| Change in cash | - | €2,283 | -€2,634 | -€147 | €1,052 | ▲ 816% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€78,195
Net result drops to -€78,195, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lievegem · 1 establishment unit since 1990
Ground area
307 m²
Building footprint
278 m²
Volume, LiDAR
3,414 m³
Parcel 44072A0475/00N002, Flanders · tallest building 24.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Dam 42, 9950 Lievegem
since 19902.050.360.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44072A0475/00N002 | Flanders | 307 m² | 1 · 278 m² | 24.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPartnership limited by shares
Founded30-10-1990
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.