Equity
-€82,588
Debts exceed assets in financial year 2025.
iBC CONCEPT
Lifetime
19 annual accounts with figures on one time axis, 35 filings since 1990peak €239,274 (2023)
-€54,540▼ €207,833
lowest -€115,710 (2022)
-€62,642▼ €80,512
peak €67,071 (2019)
-€82,588▼ €62,642
€267,744▼ 56.3%
Board1 name since 2020
1 directorD'HAUWER Gerd Rik Albert
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €153,293 to -€54,540Loss of €62,642Equity from -€19,946 to -€82,588Debts from €613,182 to €267,744Cash from €58,698 to €7,870
Key points
from the 2025 annual accountsDebts
€267,744 145% of the balance sheet
Suppliers 4%Taxes and wages 1%Other 95%
Position in the sector
-€62,642
Lower net result than 95% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
Turnover not published (micro format)
Checked score
49
Fair
Financially stronger than 4% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.8%▲ +0.1 percentage points vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 2.5%▲ +1.7 percentage points vs 06-2026highest value
08-2026: 2.5%● unchanged vs 07-2026highest value
09-2026: 2.5%● unchanged vs 08-2026highest value
10-2026: 2.5%● unchanged vs 09-2026highest value
11-2026: 2.5%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Loss of €62,642 (financial year 2025)
Sector: Construction of residential and non-residential buildings (NACE 41)
Negative equity -€82,588
lowers risk
Size: total assets €185,156
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 3% of them on solvency, 6% on liquidity, 5% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 6,619 companies had the same profile as iBC CONCEPT has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of iBC CONCEPT itself: 2.5% 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 6,619 companies, not a prediction for iBC CONCEPT. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.68 (0.96 in 2024), below 1. Short-term debt is 144.6% and cash 4.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€82,588
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
23 days early
2023
12 days early
2022
32 days early
2021
38 days early
2020
37 days early
2019
13 days early
← 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 28 days before 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 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439472554
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Verwijderen van vrijstaande gebouwen · Herzele
Change of role: D'Hauwer Gerd Rik Albert, from manager to director
“Het verlenen van diensten die behoren tot de uitoefening van het beroep van bouwkundig ingenieur-landmeter…” (deed in Dutch) · Director discharge: D'Hauwer Gerd Rik Albert · General meeting of 29-09-2020 · Gazette deed
First establishment
Watermolenstraat 72, Geraardsbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| iBC CONCEPT Geraardsbergen | €185,156 | -€54,540 | -44.6% | - |
| C.S.BOUW Dendermonde | €205,416 | -€22,995 | 78.0% | - |
| ALGEMENE ONDERNEMINGEN AIME VERTHRIEST Deinze | €205,911 | -€23,052 | -70.1% | - |
| WONINGBOUW A.M.J. JACOBS Essen | €197,548 | -€6,417 | 9.2% | - |
| Algemene bouwonderneming Gheysen Wevelgem | €185,540 | -€26,763 | 42.8% | - |
| DESIMPELAERE CONSTRUCT Bruges | €206,574 | -€10,892 | -64.6% | - |
| HDC Beheer Hamont-Achel | €199,919 | -€8,427 | -33.2% | - |
These companies have the same main activity as iBC CONCEPT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €186,000 and €207,000, founded between 1983 and 1993.
Official details
Source: KBO- Status
- Active since 18-12-1989Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.047.059.7899500 Geraardsbergen, since 04-01-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €185,156▼ 68.8%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on iBC CONCEPT
iBC CONCEPT files the micro format. That format states no turnover. The gross margin fell from €2,687 in 2006 to -€54,540 in 2025.
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 iBC CONCEPT
- What is the company number of iBC CONCEPT?
- The company number of iBC CONCEPT is 0439.472.554. The VAT number is the same number with BE in front: BE 0439.472.554.
- Where is iBC CONCEPT based?
- The registered office is at Watermolenstraat 72, 9500 Geraardsbergen.Company details
- What does iBC CONCEPT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of iBC CONCEPT?
- iBC CONCEPT is a private limited company (BV).
- When was iBC CONCEPT founded?
- iBC CONCEPT was founded on 18-12-1989.
- Is iBC CONCEPT still active?
- Yes, iBC CONCEPT is an active enterprise in the KBO register.
- What is the turnover of iBC CONCEPT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is iBC CONCEPT profitable?
- In financial year 2025, iBC CONCEPT made a loss of €62,642.
- Where can I find the annual accounts of iBC CONCEPT?
- iBC CONCEPT filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of iBC CONCEPT due?
- iBC CONCEPT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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