IBF CONNECT

Active

Public limited companyfounded 2023active for 3 yearsLouizalaan 209 A, 1050 Elsene, Belgium180 active companies are registered at this addressKBO/BCE: BE 0799.409.662

Summary

IBF CONNECT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €939,182 and a net result of €154,890. Equity is growing by about 8.6% per year across the filed financial years. Its solvency ranks better than 22% of 1,160 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

IBF CONNECTActiveChecked score 89/100

Risk analysis Report Compare

Activity

Other business support services

NACE 82990Business and other management consultancy NACE 70200

1 site

Size

€13.9mturnover 2025

Staff: 3.5 FTE
Equity: €939,182
Profit: €154,890

Financial health

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: CONSULTING LINE FOR SUSTAINABLE DEVELOPMENT · 95%

Philippe MadryManaging director

Auditor: BV CDO Leuven2025 accounts 66 days early4 of 5 deeds summarised

Why 89raises riskEquity €939,182 (14.6% of total assets)lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Size: turnover €13.9m, 3.5 FTE, total assets €6.4mFigures for financial year 2025 (filed 28-05-2026)Show the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 33% of its sector peers (NACE 82, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 40+4

equity 14.6% of total assets

Liquidity 21+4

short-term debt 80.7% · cash 12.3%

Profitability 44+6

return on assets 2.4%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,649 companies, NACE 82, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.4%▲ +0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.3%▼ -0.2 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.2%▼ -0.1 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value

Credit of up to €80,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.24, compared with 1.23 in 2024, below the usual 1.5; short-term debt: 80.7% and cash: 12.3% of total assets), and 85.4% 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 82, micro): better than 24% on solvency, 11% on liquidity, 24% on profitability and 74% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Six signals.

lowers riskraises riskneutral

Sector: Office administrative, office support and other business support activities (NACE 82)

KBO

Size: turnover €13.9m, 3.5 FTE, total assets €6.4m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Equity €939,182 (14.6% of total assets)

NBB · annual accounts

Figures for financial year 2025 (filed 28-05-2026)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 1160 sector peers (2025).

NBB · sector comparison

Position among 1160 sector peers

Solvency

better than 22%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-05-2026, 66 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

66 days early

2024

44 days early

2023

56 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 55 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

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 6 June (3 of the last 3 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since incorporation in 2023.

KBO publications · our coverage

26-05-2026 Annual accounts filedfinancial year 2025 · full…
20-04-2026 Resignation: Frédéric André (director)Appointment: Philippe Madry (director)
03-04-2026 Resignations: Frédéric André (managing director) and…Appointment: Philippe Madry (director)

Key points

Positive: Result rose in 2025from €16,523 to €154,890 ▲ 837% View
Caution: Board changedlatest change 20-04-2026 · 1 in office 1 joined · 2 left View
EU supportawarded from 2022 to 2025 €15.8m View
Controlled by CONSULTING LINE FOR SUSTAINABLE…known shareholders 100% 95% View

By topic

Financials

Financial year: 2025
Turnover: €13.9m
Profit: €154,890
Solvency: 14.6%

Turnover▲ 49.4%

Net result

20232025

Go to Financials

Board & ownership

Board: 1 member
Parent: CONSULTING LINE FOR SUSTAINABLE… · 95%
Known shareholders: 100%
Auditor: BV CDO Leuven

Philippe MadryManaging director

Go to Board & ownership

Network & group

Group: PRAGMA PLUS
Connected companies: 10

Go to Network & group

Timeline

Events: 8
Since: 2023
Next accounts: by 31-07-2027

31-12-2025Highest result from 2023 to 2025
26-09-2025Resignation: Riccardo Innocenti (day-to-day manager)
17-06-2025Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Other business support servicesNACE 82990
Founded: 10-03-2023
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about IBF CONNECT

What is the company number of IBF CONNECT?: 0799.409.662. In Belgium the VAT number is the company number with BE in front: BE 0799.409.662.
Where is IBF CONNECT based?: The registered office is at Louizalaan 209 A, 1050 Elsene.Company details
What does IBF CONNECT do?: According to the KBO register, the main activity is other business support services (NACE 82990).
What is the legal form of IBF CONNECT?: Public limited company (NV).
When was IBF CONNECT founded?: On 10-03-2023.
Is IBF CONNECT still active?: Yes, IBF CONNECT is an active enterprise in the KBO register.
How many employees does IBF CONNECT have?: On average 3.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of IBF CONNECT?: €13.9m in financial year 2025, according to the filed annual accounts.
Is IBF CONNECT profitable?: In financial year 2025, IBF CONNECT made a profit of €154,890.
Where can I find the annual accounts of IBF CONNECT?: IBF CONNECT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of IBF CONNECT due?: By 31-07-2027, for financial year 2026.Timeline