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I-Lube

Active
Private limited companyfounded 2017active for 9 yearsRue René Descartes 18, 7000 Mons, BelgiumKBO/BCE: BE 0670.788.850
Summary

The computed 12-month bankruptcy probability of I-Lube is 5.3% (elevated). The annual accounts of I-Lube for financial year 2024 show a net loss of 78% of the equity at the start of that year. The 2024 annual accounts show equity of €15,624 and a net result of -€53,819. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 18% of 232 sector peers (NACE 33, financial year 2024). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Installation of industrial machinery and equipment
NACE 33200Engineering and related technical consultancy, excluding land surveyors NACE 71121
1 site
Size
€149,108total assets 2024
Staff
5.8 FTE
Equity
€15,624
Loss
-€53,819
Financial health
34 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.3%
Structure
Parent
I-CARE HOLDING · 100%
Accounts 78 days overdue2 of 6 deeds read
Why 34raises riskFigures for financial year 2024 (filed 02-07-2025)Loss of €53,819 (financial year 2024)Size: 5.8 FTE, total assets €149,108Equity €15,624 (10.5% of total assets)Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 11% of its sector peers (NACE 33, micro)
Financial strength · tick = 2023
Weak
Solvency 35-21
equity 10.5% of total assets
Liquidity 30+17
short-term debt 62.1% · cash 10.1%
Profitability 0-53
return on assets -36.1%
Bankruptcy probability, 12 months
5.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,381 companies, NACE 33, micro)
Last 24 months 11-2024: 2.4% 12-2024: 2.4%● unchanged vs 11-2024 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.4%● unchanged vs 02-2025 04-2025: 2.2%▼ -0.2 percentage points vs 03-2025 05-2025: 2.1%▼ -0.1 percentage points vs 04-2025 06-2025: 2.1%● unchanged vs 05-2025lowest value 07-2025: 2.2%▲ +0.1 percentage points vs 06-2025 08-2025: 2.7%▲ +0.5 percentage points vs 07-2025 09-2025: 2.7%● unchanged vs 08-2025 10-2025: 2.7%● unchanged vs 09-2025 11-2025: 2.7%● unchanged vs 10-2025 12-2025: 2.7%● unchanged vs 11-2025 01-2026: 2.7%● unchanged vs 12-2025 02-2026: 2.7%● unchanged vs 01-2026 03-2026: 2.7%● unchanged vs 02-2026 04-2026: 2.8%▲ +0.1 percentage points vs 03-2026 05-2026: 2.8%● unchanged vs 04-2026 06-2026: 2.7%▼ -0.1 percentage points vs 05-2026 07-2026: 3.1%▲ +0.4 percentage points vs 06-2026 08-2026: 3.5%▲ +0.4 percentage points vs 07-2026 09-2026: 3.9%▲ +0.4 percentage points vs 08-2026 10-2026: 5.3%▲ +1.4 percentage points vs 09-2026highest value
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.61, compared with 1.46 in 2023, above the usual 1.5; short-term debt: 62.1% and cash: 10.1% of total assets), but 89.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 33, micro): better than 16% on solvency, 19% on liquidity, 4% on profitability and 5% on growth.

The bankruptcy probability was computed on 16-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 02-07-2025)
NBB · annual accounts
raises risk · Loss of €53,819 (financial year 2024)
NBB · annual accounts
raises risk · Size: 5.8 FTE, total assets €149,108
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €15,624 (10.5% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 232 sector peers (2024).
NBB · sector comparison
Position among 232 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 8 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
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 · 8 filings
Deviation from the deadline
2025
not filed
2024
30 days early
2023
26 days early
2022
21 days early
2021
2 days early
2020
5 days early
2019
68 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 3 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representative: Marie KaisinReappointment: EY Reviseurs d'Entreprises SRL/Bedrijfsrevisoren…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Permanent representatives: Marie Kaisin and Piet…Gazette deed

Key points

  • Caution: From profit to loss in 2024after €13,617 in 2023 -€53,819 View
  • Caution: Among the weakest 12% on equitysector median €585,509 · 232 companies €15,624 View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Controlled by I-CARE HOLDINGultimately: MINOS MANAGMENT COMPANY 100% View

By topic

Financials

Financial year
2024
Total assets
€149,108
Loss
-€53,819
Solvency
10.5%
Go to Financials

Timeline

Events
12
Since
2018
  1. 31-12-2024Weakest financial year
  2. 05-07-2024Annual accounts filed
  3. 10-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Installation of industrial machinery and equipmentNACE 33200
Founded
07-02-2017
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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