IBAT
ActiveIBAT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 58% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability29▲+29
Solvency76▲+20
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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 2025Solvency, return and age of the figures
Solvency
51.1%
Return on assets
-9.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-1k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
30 d late
2023
26 d late
2022
27 d late
2021
27 d late
2020
30 d late
2019
85 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€8k▼ 15.5%
2024 · €10k
2019: €2k
2020: €-352
2021: €13k
2022: €29k
2023: €23k
2024: €10k
2019 → 2025
Total assets
€16k▼ 49.0%
2024 · €31k
2019: €20k
2020: €17k
2021: €49k
2022: €59k
2023: €41k
2024: €31k
2019 → 2025
Net result
€-1k▲ 88.9%
2024 · €-13k
2019: €5k
2020: €-2k
2021: €13k
2022: €17k
2023: €-6k
2024: €-13k
2019 → 2025
Working capital
€3k
2024 · €-5k
2019: €-797
2020: €-2k
2021: €-144
2022: €13k
2023: €559
2024: €-5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€29k▲ 133%€23k▼ 21.7%€10k▼ 58.2%€8k▼ 15.5%
Operating result€13k-€9k▼ 26.2%€-11k€-18k▼ 59.7%€-7k▲ 60.5%
Net result€13k-€17k▲ 29.6%€-6k€-13k▼ 110%€-1k▲ 88.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€5k▼ 67.1%
Current assets
€11k▼ 31.4%
Equity and liabilities €16k
Equity
€8k▼ 15.5%
Debt
€8k▼ 63.9%
The debt ratio falls from 69.2% to 48.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €-8k
Cash flow
€9k▲
2024 · €-3k
Solvency
51.1%▲
2024 · 30.8%
Current ratio
1.40▲
2024 · 0.75
Quick ratio
1.40▲
2024 · 0.75
Debt / equity
0.96▼
2024 · 2.24
ROE
-18.3%▲
2024 · -139.3%
ROA
-9.3%▲
2024 · -42.9%
Interest coverage
2.61▲
2024 · -35.18
Debt
€8k▼
2024 · €21k
Debt ≤ 1 year
€8k▼
2024 · €21k
Income taxes
€480▼
2024 · €1k
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€31k€16k▼
Fixed assets21/28€15k€5k▼
Tangible fixed assets22/27€15k€5k▼
Plant, machinery and equipment23€4k€596▼
Furniture and vehicles24€11k€4k▼
Current assets29/58€16k€11k▼
Amounts receivable within one year40/41€14k€10k▼
Trade receivables40€13k€10k▼
Other amounts receivable41€1k€277▼
Cash at bank and in hand54/58€326-
Deferred charges and accrued income490/1€1k€523▼
Equity and liabilities
Total equity and liabilities10/49€31k€16k▼
Equity10/15€10k€8k▼
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€6k-
Outside capital11-€6k
Share premium1100/10-€6k
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€2k€37▼
Amounts payable17/49€21k€8k▼
Amounts payable after more than one year17€457-
Financial debts170/4€457-
Amounts payable within one year42/48€21k€8k▼
Current portion of amounts payable after more than one year42€3k-
Financial debts43-€7
Credit institutions430/8-€7
Trade debts44€2k€572▼
Suppliers440/4€2k€572▼
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€15k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-6k€5k▲
Operating profit (loss)9901€-18k€-7k▲
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€214€1k▲
Recurring financial charges65€214€1k▲
Profit (loss) for the period before taxes9903€-12k€-998▲
Income taxes67/77€1k€480▼
Profit (loss) for the period9904€-13k€-1k▲
Profit (loss) for the period to be appropriated9905€-13k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€37▼
Profit (loss) brought forward from the previous period14P€15k€2k▼
The notes to these accounts (3 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
31-12
Financial
Highest result since 2019net €17k ▲29.6%
Net result €17k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Seraing · 1 establishment unit since 2008
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.
Rue Renard 124100 SeraingGround area
307 m²
Building footprint
136 m²
Volume, LiDAR
1,711 m³
Parcel 21363B0342/00X006, Brussels · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Witte Patersstraat 35, 1040 Etterbeek
since 20082.171.227.115
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0342/00X006 | Brussels | 307 m² | 1 · 135 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
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
RENOVAND
BE 0805.279.845
Aalst · Eq €8k
La Sarissa
BE 0675.359.926
Wijnegem · Eq €8k
ABC Werkbladen
BE 0829.197.867
Pelt · Eq €8k
M&S IDEAL CONSTRUCT
BE 0775.849.451
Mons · Eq €8k
MDC&Co
BE 0553.765.773
Ramillies · Eq €8k
Of 7,292 companies in sector 43350 we hold annual accounts for 2,359. 1,295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-06-2008
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0475/66.28.80