I.B.C.
ActiveI.B.C. has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €84k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 43% of 1613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
75
/ 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
Profitability99▲+18
Solvency61▲+26
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.03 in 2024; short-term debt: 24.2% and cash: 0.4% of total assets), and 64.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 · 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
35.8%
Return on assets
24.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €122k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
22 d late
2022
31 d late
2021
25 d late
2020
61 d late
2019
131 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€84k▲ 117%
2024 · €39k
2018: €-8k
2019: €10k
2020: €6k
2021: €2k
2022: €-4k
2023: €-137k
2024: €39k
2018 → 2025
Working capital
€19k▲ 390%
2024 · €4k
2018: €-351k
2019: €-299k
2020: €-243k
2021: €-206k
2022: €-170k
2023: €-229k
2024: €4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€141k-€137k▼ 3.2%€161▼ 99.9%€39k▲ 23,961%€122k▲ 216%
Operating result€3k-€-2k€-136k▼ 6,457%€39k€99k▲ 155%
Net result€2k-€-4k€-137k▼ 2,957%€39k€84k▲ 117%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 155% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341k
Fixed assets
€240k▲ 4.9%
Current assets
€101k▼ 34.7%
Equity and liabilities €341k
Equity
€122k▲ 216%
Debt
€219k▼ 36.6%
The debt ratio falls from 89.9% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▲
2024 · €40k
Cash flow
€86k▲
2024 · €39k
Solvency
35.8%▲
2024 · 10.1%
Current ratio
1.23▲
2024 · 1.03
Quick ratio
1.23▲
2024 · 1.03
Debt / equity
1.79▼
2024 · 8.92
ROE
68.4%▼
2024 · 99.6%
ROA
24.5%▲
2024 · 10.0%
Interest coverage
77.27▼
2024 · 188.44
Debt
€219k▼
2024 · €345k
Debt ≤ 1 year
€83k▼
2024 · €151k
Income taxes
€14k▲
2024 · €343
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€384k€341k▼
Fixed assets21/28€229k€240k▲
Tangible fixed assets22/27€229k€240k▲
Furniture and vehicles24€229k€240k▲
Current assets29/58€155k€101k▼
Amounts receivable within one year40/41€142k€100k▼
Trade receivables40€91k€51k▼
Other amounts receivable41€52k€49k▼
Cash at bank and in hand54/58€12k€1k▼
Equity and liabilities
Total equity and liabilities10/49€384k€341k▼
Equity10/15€39k€122k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€7k€7k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-31k€53k▲
Amounts payable17/49€345k€219k▼
Amounts payable within one year42/48€151k€83k▼
Trade debts44€18k€59k▲
Suppliers440/4€18k€59k▲
Advances received on contracts in progress46-€6k
Taxes, remuneration and social security45€1k€15k▲
Taxes450/3€1k€15k▲
Other amounts payable47/48€132k€3k▼
Accrued charges and deferred income492/3€194k€136k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€555€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€87k€6k▼
Gross operating margin9900€126k€107k▼
Operating profit (loss)9901€39k€99k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€210€1k▲
Recurring financial charges65€210€1k▲
Profit (loss) for the period before taxes9903€39k€98k▲
Income taxes67/77€343€14k▲
Profit (loss) for the period9904€39k€84k▲
Profit (loss) for the period to be appropriated9905€39k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€53k▲
Profit (loss) brought forward from the previous period14P€-69k€-31k▲
The notes to these accounts (6 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €84k ▲117%
Operating result €99k, net result €84k, both a record.
31-12
Financial
Equity above €100kEq €122k ▲216%
2 profitable years in a row build equity to €122k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.03
Current ratio from 0.43 to 1.03; short-term debt falls from €399k to €151k.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 25 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
09-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 131 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 174 days late
2019
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 377 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 1991
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.
Terkamerendalsquare 151050 ElseneGround area
642 m²
Building footprint
324 m²
Volume, LiDAR
4,654 m³
2 parcels, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Grote Zavel 35, 1000 Brussel
since 19912.051.480.714
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1527/00F000 | Brussels | 347 m² | 1 · 149 m² | 18.6 m · 5 fl. |
| 21444B0129/00N006 | Brussels | 295 m² | 1 · 175 m² | 18.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
Limyèsa
BE 0540.599.014
Ranst · Eq €122k
3j-Consult
BE 0443.219.724
Wavre · Eq €123k
MANAGEMENT EXPERTS TEAM
BE 0429.185.111
Chaudfontaine · Eq €123k
TRACE
BE 0436.990.839
Waterloo · Eq €123k
MILCOM
BE 0477.547.727
Ukkel · Eq €121k
Of 2,716 companies in sector 73200 we hold annual accounts for 1,785. 1,337 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-09-1990
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.