iBC CONCEPT
ActiveSummary
iBC CONCEPT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-20k) and a net result of €18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▼-1
Solvency22▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.96 against 1.0 in 2023; short-term debt: 103.4% and cash: 9.9% of total assets), and equity is negative.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
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 2024Solvency, return and age of the figures
Solvency
-3.4%
Return on assets
3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 11%
← weakest
strongest →
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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
12 d early
2022
32 d early
2021
38 d early
2020
37 d early
2019
13 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-20k▲ 47.3%
2023 · €-38k
2018: €53k
2019: €67k
2020: €51k
2021: €6k
2022: €-110k
2023: €-38k
2018 → 2024
Total assets
€593k▼ 86.9%
2023 · €4.51M
2018: €59k
2019: €129k
2020: €74k
2021: €43k
2022: €1.09M
2023: €4.51M
2018 → 2024
Net result
€18k▼ 75.3%
2023 · €72k
2018: €30
2019: €44k
2020: €-16k
2021: €-46k
2022: €-116k
2023: €72k
2018 → 2024
Working capital
€-25k▼ 131%
2023 · €-11k
2018: €49k
2019: €64k
2020: €46k
2021: €2k
2022: €-90k
2023: €-11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€51k-€6k▼ 88.9%€-110k€-38k▲ 65.6%€-20k▲ 47.3%
Operating result€-16k-€-45k▼ 175%€-49k▼ 9.7%€234k€150k▼ 35.8%
Net result€-16k-€-46k▼ 187%€-116k▼ 154%€72k€18k▼ 75.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €593k
Fixed assets
€5k ▼ 23.3%
Current assets
€588k ▼ 86.9%
Key figures and ratios
EBITDA
€152k▼
2023 · €236k
Cash flow
€19k▼
2023 · €74k
Solvency
-3.4%▼
2023 · -0.8%
Current ratio
0.96▼
2023 · 1.00
Quick ratio
0.96▲
2023 · 0.17
Debt to equity
-30.74
ROA
3.0%▲
2023 · 1.6%
Interest coverage
1.15▼
2023 · 1.46
Debt
€613k▼
2023 · €4.55M
Debt ≤ 1 year
€613k▼
2023 · €4.52M
Income taxes
€437▲
2023 · €102
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.51M€593k▼
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€6k€5k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€100€100=
Current assets29/58€4.51M€588k▼
Stocks and contracts in progress3€3.75M€2k▼
Stocks30/36-€2k
Contracts in progress37€3.75M-
Amounts receivable within one year40/41€292k€523k▲
Trade receivables40€258k€494k▲
Other amounts receivable41€35k€28k▼
Cash at bank and in hand54/58€464k€59k▼
Deferred charges and accrued income490/1€3k€5k▲
Equity and liabilities
Total equity and liabilities10/49€4.51M€593k▼
Equity10/15€-38k€-20k▲
Contributions10/11€19k€19k=
Reserves13€48k€48k=
Distributable reserves133€48k€48k=
Profit (loss) carried forward14€-105k€-87k▲
Amounts payable17/49€4.55M€613k▼
Amounts payable within one year42/48€4.52M€613k▼
Financial debts43€1.28M-
Credit institutions430/8€1.28M-
Trade debts44€137k€56k▼
Suppliers440/4€137k€56k▼
Advances received on contracts in progress46€2.59M-
Taxes, remuneration and social security45€90k€181k▲
Taxes450/3€90k€181k▲
Other amounts payable47/48€424k€376k▼
Accrued charges and deferred income492/3€33k-
Income statement
Code20232024
Remuneration, social security and pensions62€42-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€239k€153k▼
Operating profit (loss)9901€234k€150k▼
Financial charges65/66B€162k€132k▼
Recurring financial charges65€162k€132k▼
Profit (loss) for the period before taxes9903€72k€18k▼
Income taxes67/77€102€437▲
Profit (loss) for the period9904€72k€18k▼
Profit (loss) for the period to be appropriated9905€72k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-105k€-87k▲
Profit (loss) brought forward from the previous period14P€-177k€-105k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €72k
Net result €72k after 3 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-116k
Net result drops to €-116k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 276 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 219 days late
2016
28-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Geraardsbergen · 1 establishment unit since 1990
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.
Watermolenstraat(Zar) 729500 GeraardsbergenGround area
1,413 m²
Building footprint
232 m²
Volume, LiDAR
1,352 m³
Parcel 41079A0949/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Watermolenstraat(Zar) 72, 9500 Geraardsbergen
since 19902.047.059.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41079A0949/00G000 | Flanders | 1,413 m² | 1 · 232 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 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
GROUP BUYA
BE 0793.681.912
Vilvoorde · Eq €5,664
H-PRO GROUP
BE 1004.661.266
Vilvoorde · Eq €5,661
BUJA COMPANY
BE 0753.365.445
Brussel · Eq €5,672
VS RENOVATIE
BE 0763.934.386
Avelgem · Eq €5,657
BOUWONDERNEMING AD VERSTEYNEN
BE 0865.136.961
Arendonk · Eq €5,676
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 6,956 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-1989
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43120Site preparation
43410Roofing work
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.