Equity
€5.1m ▲ 3.0%
I.B.I.S. has made a profit without a break since 2014.
I.B.I.S.
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1998Gross marginpeak €2.2m (2021)
€771,908▼ 3.3%
Resultlowest -€677,144 (2009)
€149,454▼ 20.0%
Equitypeak €5.1m (2025)
€5.1m▲ 3.0%
Debts
€5.0m▼ 1.2%
Staffpeak 2.4 FTE (2013)
0.9 FTE
Board8 names since 2015
3 directorsMieke Claerhout and 2 others
Owners
100%BRUMMO
Documentsfilings and deeds
29-07-20262 days before the deadline
2025financial year
Appointment: Jelle Rutsaert (director) 24-02Cash from €389,342 to €635,797
Key points
from the 2025 annual accountsTurnover
≈ €1.6m estimated
The accounts state no turnover.
Investments
€32,695 0.1 × depreciation
Green is investment, beige is depreciation.
Filings
27 annual accounts 28 filings since 1998
Six of the last ten came late. The 2019 accounts came latest: 56 days after the end of the period.
Board
2 left
Directors left. Latest change 28-08-2026 · 2 in office.
Position in the sector
€5.1m
More equity than 81% of companies in construction of buildings. Sector median €648,117 · 1,033 companies.
Checked score
93
Excellent
Financially stronger than 48% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,462 companies (NACE 41, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.5%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: 0.1%● unchanged vs 09-2025lowest value
11-2025: 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%● unchanged vs 11-2025lowest value
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Size: 0.9 FTE, total assets €10.4m
Founded in 1997
Figures for financial year 2025 (filed on 05-08-2026)
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 41, micro). It does better than 57% of them on solvency, 62% on liquidity, 32% on profitability and 43% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 17,041 companies had the same profile as I.B.I.S. has now. Each dot stands for 43 companies, two years later.
94.3%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of I.B.I.S. itself: 0.1% 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 17,041 companies, not a prediction for I.B.I.S.. 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
Credit of up to €470,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.87 (2.44 in 2024), above the usual 1.5. Short-term debt is 7% and cash 6.1% of total assets. However, 51.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 days early
2024
on the day
2023
30 days late
2022
21 days early
2021
31 days late
2020
11 days early
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BRUMMO 100%score 93equity €21.1m (2025) · 2025 annual accounts of BRUMMO
- Theo Van Canneytannual accounts 2018
Recent changes
Resignation: Tim De Baere (director)
Permanent representative: Miguel Van Canneyt · General meeting of 28-08-2026 · Gazette deed
1 director appointed, 1 resignation
Resignation: Jelle Rutsaert · Appointment: Tim De Baere · Permanent representative: Miguel Van Canneyt · General meeting of 26-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0460508191
Environmental permit granted
Wijzigen van een publiciteitsinrichting · Sint-Martens-Latem
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| I.B.I.S. Sint-Martens-Latem | €10.4m | €0.8m | 48.9% | 0.9 |
| HBP Deinze | €10.3m | €0.7m | 37.0% | 1 |
| HOUYOUX ETUDES, PROMOTIONS, INVESTISSEMENTS Marche-en-Famenne | €10.4m | €0.8m | 85.6% | 1.8 |
| SPEYBROECK Woningbouw Nazareth-De Pinte | €7.9m | €1.1m | 79.9% | 2 |
| Symcorp Antwerp | €7.3m | €0.5m | 25.1% | 1.5 |
| DUROBOUW Haacht | €8.4m | €0.4m | 17.5% | 1.6 |
| GILLION ASSET MANAGEMENT Ixelles | €6.9m | €0.5m | 29.6% | 2 |
These companies have the same main activity as I.B.I.S.: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €6.9m and €10m, founded between 1985 and 2005.
Official details
Source: KBO- Status
- Active since 21-04-1997Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2025
- Establishment unit
- 2.083.229.0129830 Sint-Martens-Latem, since 08-09-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- Total assets
- €10.4m▲ 0.8%
- Employeeson 31-12-2025
- 1
- Filing
- Filed on 29-07-2026, 2 days before the end of the filing period
Insights on I.B.I.S.
I.B.I.S. has existed since 1997. The present size dates from 2011. The gross margin rose that year from €57,173 to €490,881 and staff from 0.7 to 1 full-time equivalents.
BRUMMO holds all the shares. In January 2022, the Official Gazette published the appointment of MIVC as managing director.
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 I.B.I.S.
- What is the company number of I.B.I.S.?
- The company number of I.B.I.S. is 0460.508.191. The VAT number is the same number with BE in front: BE 0460.508.191.
- Where is I.B.I.S. based?
- The registered office is at Zuylenveld 5, 9830 Sint-Martens-Latem.Company details
- What does I.B.I.S. do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of I.B.I.S.?
- I.B.I.S. is a public limited company (NV).
- When was I.B.I.S. founded?
- I.B.I.S. was founded on 21-04-1997.
- Is I.B.I.S. still active?
- Yes, I.B.I.S. is an active enterprise in the KBO register.
- How many employees does I.B.I.S. have?
- I.B.I.S. had an average of 0.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does I.B.I.S. fall under?
- In its 2025 annual accounts, I.B.I.S. states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of I.B.I.S.?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €771,908 and 30 comparable companies (NACE 41001). It probably lies between €1.3m and €2.4m.
- Is I.B.I.S. profitable?
- In financial year 2025, I.B.I.S. made a profit of €149,454.
- Where can I find the annual accounts of I.B.I.S.?
- I.B.I.S. filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of I.B.I.S. due?
- I.B.I.S. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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