I.B.C.
ActiveSummary
I.B.C. has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18k and a net result of €5k. Equity is shrinking by ~38.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+74
Solvency40▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.02 in 2023; short-term debt: 85.1% and cash: 0% of total assets), and 85.1% of the assets are financed with debt.
Credit check 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.9%
Return on assets
4.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
23 d late
2022
61 d late
2021
86 d early
2020
3 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▲ 38.7%
2023 · €13k
2018: €307k
2019: €215k▼ -29.9% vs 2018
2020: €153k▼ -28.9% vs 2019
2021: €1.08M▲ +606% vs 2020highest in 7 years
2022: €44k▼ -95.9% vs 2021
2023: €13k▼ -70.2% vs 2022lowest in 7 years
2024: €18k▲ +38.7% vs 2023
2018 → 2024
Total assets
€123k▼ 0.8%
2023 · €124k
2018: €1.24M
2019: €1.35M▲ +8.7% vs 2018
2020: €1.35M▼ -0.3% vs 2019
2021: €2.09M▲ +55.6% vs 2020highest in 7 years
2022: €118k▼ -94.4% vs 2021lowest in 7 years
2023: €124k▲ +4.9% vs 2022
2024: €123k▼ -0.8% vs 2023
2018 → 2024
Net result
€5k
2023 · €-31k
2018: €-148klowest in 7 years
2019: €-92k▲ +38.2% vs 2018
2020: €-62k▲ +32.4% vs 2019
2021: €926k▲ +1593% vs 2020highest in 7 years
2022: €-39k▼ -104% vs 2021
2023: €-31k▲ +20.5% vs 2022
2024: €5k▲ +116% vs 2023
2018 → 2024
Working capital
€-103k▲ 5.3%
2023 · €-109k
2018: €545k
2019: €582k▲ +6.8% vs 2018
2020: €565k▼ -3.0% vs 2019
2021: €1.82M▲ +222% vs 2020highest in 7 years
2022: €-71k▼ -104% vs 2021
2023: €-109k▼ -53.4% vs 2022lowest in 7 years
2024: €-103k▲ +5.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€153k-€1.08M▲ 606%€44k▼ 95.9%€13k▼ 70.2%€18k▲ 38.7%
2020: €153k
2021: €1.08M▲ +606% vs 2020highest in 5 years
2022: €44k▼ -95.9% vs 2021
2023: €13k▼ -70.2% vs 2022lowest in 5 years
2024: €18k▲ +38.7% vs 2023
Operating result€-87k-€901k€-39k€-31k▲ 21.1%€5k
2020: €-87klowest in 5 years
2021: €901k▲ +1130% vs 2020highest in 5 years
2022: €-39k▼ -104% vs 2021
2023: €-31k▲ +21.1% vs 2022
2024: €5k▲ +117% vs 2023
Net result€-62k-€926k€-39k€-31k▲ 20.5%€5k
2020: €-62klowest in 5 years
2021: €926k▲ +1593% vs 2020highest in 5 years
2022: €-39k▼ -104% vs 2021
2023: €-31k▲ +20.5% vs 2022
2024: €5k▲ +116% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €31k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €123k
Fixed assets
€121k ▼ 0.5%
Current assets
€2k ▼ 17.9%
Equity and liabilities €123k
Equity
€18k ▲ 38.7%
Debt
€104k ▼ 5.5%
Debt's share of the balance-sheet total falls from 89.4% to 85.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6k▲
2023 · €-30k
Cash flow
€6k▲
2023 · €-31k
Current ratio
0.02▼
2023 · 0.02
Debt to equity
5.72▼
2023 · 8.39
ROE
27.9%▲
2023 · -235.6%
ROA
4.2%▲
2023 · -25.1%
Interest coverage
48.46▲
2023 · -110.47
Debt ≤ 1 year
€104k▼
2023 · €110k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€124k€123k▼
Fixed assets21/28€122k€121k▼
Tangible fixed assets22/27€122k€121k▼
Land and buildings22€120k€120k▼
Plant, machinery and equipment23€137€109▼
Furniture and vehicles24€1k€1k▼
Current assets29/58€2k€2k▼
Amounts receivable within one year40/41€393€2k▲
Trade receivables40-€2k
Other amounts receivable41€393€0▼
Cash at bank and in hand54/58€4€26▲
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€124k€123k▼
Equity10/15€13k€18k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Revaluation surpluses12€17k€17k=
Reserves13€1k€1k=
Non-distributable reserves130/1€161€161=
Legal reserve130€161€161=
Distributable reserves133€903€903=
Profit (loss) carried forward14€-66k€-61k▲
Amounts payable17/49€110k€104k▼
Amounts payable within one year42/48€110k€104k▼
Trade debts44€25k€19k▼
Suppliers440/4€25k€19k▼
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€144€696▲
Remuneration and social security454/9€7k€7k=
Other amounts payable47/48€78k€78k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€474€624▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-27k€7k▲
Operating profit (loss)9901€-31k€5k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€274€121▼
Recurring financial charges65€274€121▼
Profit (loss) for the period before taxes9903€-31k€5k▲
Profit (loss) for the period9904€-31k€5k▲
Profit (loss) for the period to be appropriated9905€-31k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-61k▲
Profit (loss) brought forward from the previous period14P€-35k€-66k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27 | €41 | €154 | €474 | €624 | ▲ 31.6% |
| Other operating charges640/8 | - | €6k | €4k | €3k | €2k | ▼ 51.2% |
| Gross operating margin9900 | €-81k | €907k | €-35k | €-27k | €7k | ▲ 128% |
| Operating profit (loss)9901 | €-87k | €901k | €-39k | €-31k | €5k | ▲ 117% |
| Financial income75/76B | - | €41k | - | - | €0 | - |
| Recurring financial income75 | €41k | €41k | - | - | €0 | - |
| Financial charges65/66B | - | €15k | €39 | €274 | €121 | ▼ 56.0% |
| Recurring financial charges65 | €14k | €15k | €39 | €274 | €121 | ▼ 56.0% |
| Profit (loss) for the period before taxes9903 | €-61k | €927k | €-39k | €-31k | €5k | ▲ 116% |
| Income taxes67/77 | €609 | €717 | - | - | - | - |
| Profit (loss) for the period9904 | €-62k | €926k | €-39k | €-31k | €5k | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €-62k | €926k | €-39k | €-31k | €5k | ▲ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.35M | €2.09M | €118k | €124k | €123k | ▼ 0.8% |
| Fixed assets21/28 | €650k | €137k | €115k | €122k | €121k | ▼ 0.5% |
| Tangible fixed assets22/27 | €649k | €133k | €115k | €122k | €121k | ▼ 0.5% |
| Land and buildings22 | - | €45k | €113k | €120k | €120k | ▼ 0.2% |
| Plant, machinery and equipment23 | - | €191 | €164 | €137 | €109 | ▼ 20.0% |
| Furniture and vehicles24 | - | €1k | €2k | €1k | €1k | ▼ 27.3% |
| Assets under construction and advance payments27 | - | €88k | - | - | - | - |
| Financial fixed assets28 | €242 | €3k | - | - | - | - |
| Current assets29/58 | €696k | €1.96M | €3k | €2k | €2k | ▼ 17.9% |
| Stocks and contracts in progress3 | €92k | €35k | - | - | - | - |
| Stocks30/36 | - | €35k | - | - | - | - |
| Amounts receivable within one year40/41 | €577k | €626k | €721 | €393 | €2k | ▲ 307% |
| Trade receivables40 | - | €4k | - | - | €2k | - |
| Other amounts receivable41 | - | €623k | €721 | €393 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €27k | €1.30M | €718 | €4 | €26 | ▲ 556% |
| Deferred charges and accrued income490/1 | - | - | €1k | €2k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.35M | €2.09M | €118k | €124k | €123k | ▼ 0.8% |
| Equity10/15 | €153k | €1.08M | €44k | €13k | €18k | ▲ 38.7% |
| Contributions10/11 | €744k | €744k | €62k | €62k | €62k | = |
| Capital10 | - | €744k | €62k | €62k | €62k | = |
| Issued capital100 | - | €744k | €62k | €62k | €62k | = |
| Revaluation surpluses12 | - | - | €17k | €17k | €17k | = |
| Reserves13 | €77k | €77k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | - | €12k | €161 | €161 | €161 | = |
| Legal reserve130 | - | €12k | €161 | €161 | €161 | = |
| Distributable reserves133 | - | €66k | €903 | €903 | €903 | = |
| Profit (loss) carried forward14 | €-669k | €258k | €-35k | €-66k | €-61k | ▲ 7.7% |
| Amounts payable17/49 | €1.19M | €1.01M | €74k | €110k | €104k | ▼ 5.5% |
| Amounts payable after more than one year17 | €991k | €861k | - | - | - | - |
| Financial debts170/4 | - | €861k | - | - | - | - |
| Amounts payable within one year42/48 | €131k | €137k | €74k | €110k | €104k | ▼ 5.5% |
| Trade debts44 | €18k | €19k | €18k | €25k | €19k | ▼ 26.0% |
| Suppliers440/4 | - | €19k | €18k | €25k | €19k | ▼ 26.0% |
| Taxes, remuneration and social security45 | - | €700 | €2k | €7k | €8k | ▲ 7.6% |
| Taxes450/3 | - | €700 | €198 | €144 | €696 | ▲ 384% |
| Remuneration and social security454/9 | - | - | €1k | €7k | €7k | = |
| Other amounts payable47/48 | - | €117k | €54k | €78k | €78k | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | €16k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-62k | €926k | €-39k | €-31k | €5k | ▲ 116% |
| + Depreciation and write-downs630 | €27 | €41 | €154 | €474 | €624 | ▲ 31.6% |
| Operating cash flow (approximation) | €-62k | €926k | €-39k | €-31k | €6k | ▲ 119% |
| Investment in fixed assets (approximation) | - | €513k | €22k | €-7k | €0 | ▲ 100% |
| Change in cash | - | €1.27M | €-1.29M | €-714 | €22 | ▲ 103% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
06-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €926k
Net result €926k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 14.27
Current ratio from 5.30 to 14.27.
31-12
Financial
Equity above €1MEq €1.08M ▲606%
Equity rises from €153k to €1.08M.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Kalmthout · 1 establishment unit since 1976
Ground area
8,964 m²
Building footprint
428 m²
Volume, LiDAR
1,257 m³
Parcel 11662E0607/00E000, Flanders · tallest building 12.2 m. Linked by address, not a title deed.
1 establishment unit
I.B.C.
since 19762.013.219.162
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0607/00E000 | Flanders | 8,964 m² | 1 · 428 m² | 12.2 m |
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.
Similar companies · same sector, comparable size
IMENTIS SRL
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M-INVEST
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FAST INVEST
BE 1026.718.868
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FERADINI
BE 0823.015.405
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Dental 3
BE 0786.912.597
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 2,011 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-04-1976
Fiscal year end31-12
Abbreviation NL
IBC
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.