I - BUS
ActiveSummary
I - BUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €965,050 and a net result of €0. Equity is shrinking by ~11.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability19▼-63
Solvency86▼-4
Growth50=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 2.55 against 2.83 in 2023; short-term debt: 39.2% and cash: 42.6% of total assets), and 39.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
60.8%
Return on assets
0%
Age of the figures
21 mo
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
42 d early
2023
22 d early
2022
49 d late
2021
44 d late
2020
53 d late
2019
174 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed 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. Usually files around 10 July (4 of the last 5 filed years within 65 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€5.0m▲ 5.1%
2020 · €4.8m
EBIT margin
-6.5%▲ 3.4pp
2020 · -9.8%
Net result
€0▼ 100%
2023 · €173,616
Working capital
€964,340▼ 11.6%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€4.8m▲ 16.9%€5.0m▲ 5.1%
Operating result-€470,321▲ 43.8%-€324,664▲ 31.0%-€260,862▲ 19.7%€49,894-€127,022
Net result€111,861above the sector's middle half-€201,667below the sector's middle half-€140,351below the sector's middle half▲ 30.4%€173,616above the sector's middle half€0below the sector's middle half▼ 100%
EBIT margin-9.8%▲ 10.6pp-6.5%▲ 3.4pp
Equity€1.4mabove the sector's middle half▼ 13.9%€1.1mabove the sector's middle half▼ 23.2%€811,760within the sector's middle half▼ 24.5%€1.1mabove the sector's middle half▲ 34.5%€965,050within the sector's middle half▼ 11.6%
Total assets€1.9mwithin the sector's middle half▼ 8.4%€1.6mwithin the sector's middle half▼ 19.3%€1.4mwithin the sector's middle half▼ 13.1%€1.7mwithin the sector's middle half▲ 24.2%€1.6mwithin the sector's middle half▼ 6.0%
Debt€536,122▲ 10.1%€487,887▼ 9.0%€546,911▲ 12.1%€596,510▲ 9.1%€622,478▲ 4.4%
Working capital€1.0mabove the sector's middle half▼ 9.1%€828,800above the sector's middle half▼ 19.6%€688,449above the sector's middle half▼ 16.9%€1.1mabove the sector's middle half▲ 58.4%€964,340above the sector's middle half▼ 11.6%
Solvency72.3%above the sector's middle half▼ 4.6pp68.8%above the sector's middle half▼ 3.5pp59.7%above the sector's middle half▼ 9.0pp64.7%above the sector's middle half▲ 4.9pp60.8%within the sector's middle half▼ 3.9pp
Current ratio2.92above the sector's middle half▼ 0.412.70above the sector's middle half▼ 0.222.26within the sector's middle half▼ 0.442.83above the sector's middle half▲ 0.572.55above the sector's middle half▼ 0.28
Return on assets (ROA)5.8%within the sector's middle half▲ 22.2pp-12.9%below the sector's middle half▼ 18.7pp-10.3%below the sector's middle half▲ 2.6pp10.3%above the sector's middle half▲ 20.6pp0.0%below the sector's middle half▼ 10.3pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €127,022 after €49,894 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€709 ▼ 41.2%
Current assets
€1.6m ▼ 5.9%
Equity and liabilities €1.6m
Equity
€965,050 ▼ 11.6%
Debt
€622,478 ▲ 4.4%
Debt's share of the balance-sheet total rises from 35.3% to 39.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€126,526▼
2023 · €173,488
Cash flow
€496▼
2023 · €297,210
Debt to equity
0.65▲
2023 · 0.55
ROE
0.0%▼
2023 · 15.9%
Interest coverage
-495.99▼
2023 · 850.68
Debt ≤ 1 year
€622,478▲
2023 · €596,510
Income taxes
€447▲
2023 · €164
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,048 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €4.8m | €5.0m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €5.2m | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €123,311 | €123,311 | €123,311 | €123,594 | €496 | ▼ 99.6% |
| Other operating charges640/8 | - | €1,279 | €1,279 | €1,279 | - | - |
| Gross operating margin9900 | -€345,345 | -€200,074 | -€136,272 | €174,767 | -€126,526 | ▼ 172% |
| Operating profit (loss)9901 | -€470,321 | -€324,664 | -€260,862 | €49,894 | -€127,022 | ▼ 355% |
| Financial income75/76B | - | €123,672 | €123,311 | €124,090 | €127,724 | ▲ 2.9% |
| Recurring financial income75 | €582,782 | €123,672 | €123,311 | €124,090 | €127,724 | ▲ 2.9% |
| Financial charges65/66B | - | €621 | €2,800 | €204 | €255 | ▲ 25.1% |
| Recurring financial charges65 | €600 | €621 | €2,800 | €204 | €255 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €111,861 | -€201,613 | -€140,351 | €173,780 | €447 | ▼ 99.7% |
| Income taxes67/77 | - | €54 | €0 | €164 | €447 | ▲ 172% |
| Profit (loss) for the period9904 | €111,861 | -€201,667 | -€140,351 | €173,616 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €111,861 | -€201,667 | -€140,351 | €173,616 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.6m | €1.4m | €1.7m | €1.6m | ▼ 6.0% |
| Fixed assets21/28 | €369,934 | €246,623 | €123,311 | €1,205 | €709 | ▼ 41.2% |
| Tangible fixed assets22/27 | €369,934 | €246,623 | €123,311 | €1,205 | €709 | ▼ 41.2% |
| Plant, machinery and equipment23 | - | - | - | €1,204 | €708 | ▼ 41.2% |
| Leasing and similar rights25 | - | €246,623 | €123,311 | €1 | €1 | = |
| Current assets29/58 | €1.6m | €1.3m | €1.2m | €1.7m | €1.6m | ▼ 5.9% |
| Amounts receivable within one year40/41 | €519,712 | €518,449 | €524,704 | €881,959 | €680,562 | ▼ 22.8% |
| Trade receivables40 | - | €518,449 | €524,704 | €652,459 | €407,207 | ▼ 37.6% |
| Other amounts receivable41 | - | - | - | €229,500 | €273,354 | ▲ 19.1% |
| Current investments50/53 | - | - | - | €228,562 | €229,603 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €1.0m | €798,238 | €710,657 | €576,069 | €676,610 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €230 | €44 | ▼ 80.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.6m | €1.4m | €1.7m | €1.6m | ▼ 6.0% |
| Equity10/15 | €1.4m | €1.1m | €811,760 | €1.1m | €965,050 | ▼ 11.6% |
| Profit (loss) carried forward14 | €123,994 | -€77,673 | -€218,024 | -€44,409 | -€44,409 | = |
| Investment grants15 | - | €1.2m | €1.0m | €1.1m | €1.0m | ▼ 11.1% |
| Amounts payable17/49 | €536,122 | €487,887 | €546,911 | €596,510 | €622,478 | ▲ 4.4% |
| Amounts payable within one year42/48 | €536,122 | €487,887 | €546,911 | €596,510 | €622,478 | ▲ 4.4% |
| Trade debts44 | €480,812 | €483,199 | €491,719 | €529,016 | €622,478 | ▲ 17.7% |
| Suppliers440/4 | - | €483,199 | €491,719 | €529,016 | €622,478 | ▲ 17.7% |
| Taxes, remuneration and social security45 | - | €4,688 | €55,192 | €67,494 | - | - |
| Taxes450/3 | - | €4,688 | €55,192 | €67,494 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €111,861 | -€201,667 | -€140,351 | €173,616 | €0 | ▼ 100% |
| + Depreciation and write-downs630 | €123,311 | €123,311 | €123,311 | €123,594 | €496 | ▼ 99.6% |
| Operating cash flow (approximation) | €235,172 | -€78,356 | -€17,040 | €297,210 | €496 | ▼ 99.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,488 | €0 | ▲ 100% |
| Change in cash | - | -€248,639 | -€87,581 | -€134,588 | €100,541 | ▲ 175% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €173,616
Net result €173,616 after 2 loss-making years.
31-12
Financial
Equity above €1mEq €1.1m ▲34.5%
Equity rises from €811,760 to €1.1m.
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 49 days late
2022
13-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 44 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 53 days late
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 174 days late
2020
31-12
Financial
Back to profitnet €111,861
Net result €111,861 after 2 loss-making years.
2019
31-12
Financial
Weakest financial yearnet -€347,540
Net result drops to -€347,540, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
18-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 140 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,835,900 EUR awarded · 1,606,400 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 459,000 EUR | 459,000 EUR |
| 2024 | 1 | 459,000 EUR | 459,000 EUR |
| 2023 | 1 | 459,000 EUR | 458,950 EUR |
| 2022 | 1 | 458,900 EUR | 229,450 EUR |
Schemes
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Of 6,971 companies in sector 49320 we hold annual accounts for 2,717. 547 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded19-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808674251
Also
9925:BE0808674251
Registered
06-02-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.