Ibika
ActiveSummary
The computed 12-month bankruptcy probability of Ibika is 1.7% (moderate). The 2025 annual accounts show negative equity (-€5,053) and a net result of -€4,826. Equity is shrinking by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 7% of 28806 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency8▼-17
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.92 in 2024; short-term debt: 117.1% and cash: 18.4% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-17.1%
Return on assets
-16.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€5,053
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
1 d early
2023
191 d late
2022
40 d early
2021
31 d early
2020
13 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€5,053▼ 2,123%
2024 · -€227
Total assets
€29,624▼ 36.9%
2024 · €46,932
Net result
-€4,826
2024 · €557
Working capital
-€17,150▼ 341%
2024 · -€3,892
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,350€3,084▼ 29.1%-€12,900€3,981-€5,805
Net result€4,280within the sector's middle half€779below the sector's middle half▼ 81.8%-€13,997below the sector's middle half€557within the sector's middle half-€4,826below the sector's middle half
Equity€12,433below the sector's middle half▲ 52.5%€13,212below the sector's middle half▲ 6.3%-€785below the sector's middle half-€227below the sector's middle half▲ 71.0%-€5,053below the sector's middle half▼ 2,123%
Total assets€40,706below the sector's middle half▲ 2.2%€49,147below the sector's middle half▲ 20.7%€41,048below the sector's middle half▼ 16.5%€46,932below the sector's middle half▲ 14.3%€29,624below the sector's middle half▼ 36.9%
Debt€28,273▼ 10.8%€35,935▲ 27.1%€41,833▲ 16.4%€47,159▲ 12.7%€34,677▼ 26.5%
Working capital€8,128within the sector's middle half▲ 1,011%€7,193within the sector's middle half▼ 11.5%-€5,173below the sector's middle half-€3,892below the sector's middle half▲ 24.8%-€17,150below the sector's middle half▼ 341%
Solvency30.5%within the sector's middle half▲ 10.1pp26.9%within the sector's middle half▼ 3.7pp-1.9%below the sector's middle half▼ 28.8pp-0.5%below the sector's middle half▲ 1.4pp-17.1%below the sector's middle half▼ 16.6pp
Current ratio1.29within the sector's middle half▲ 0.261.20within the sector's middle half▼ 0.090.88below the sector's middle half▼ 0.320.92below the sector's middle half▲ 0.040.51below the sector's middle half▼ 0.41
Return on assets (ROA)10.5%within the sector's middle half▲ 21.0pp1.6%within the sector's middle half▼ 8.9pp-34.1%below the sector's middle half▼ 35.7pp1.2%within the sector's middle half▲ 35.3pp-16.3%below the sector's middle half▼ 17.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,805 after €3,981 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29,624
Fixed assets
€12,096 ▲ 230%
Current assets
€17,528 ▼ 59.5%
Equity and liabilities
Equity-€5,053
Debt€34,677
Equity is negative: debt (€34,677) exceeds the balance-sheet total (€29,624).
Key figures and ratios
EBITDA
-€5,082▼
2024 · €4,704
Cash flow
-€4,103▼
2024 · €1,281
Quick ratio
0.36▼
2024 · 0.81
Interest coverage
-34.94▼
2024 · 30.97
Debt ≤ 1 year
€34,677▼
2024 · €47,159
Income taxes
-€1,001▼
2024 · €3,331
Staff costs
€6,934▼
2024 · €7,208
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,906 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6,634 | €8,320 | €6,748 | €7,208 | €6,934 | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,117 | €1,903 | €5,037 | €723 | €723 | = |
| Other operating charges640/8 | €1,712 | €2,545 | €1,909 | €2,476 | €3,251 | ▲ 31.3% |
| Gross operating margin9900 | €15,813 | €15,852 | €793 | €14,388 | €5,103 | ▼ 64.5% |
| Operating profit (loss)9901 | €4,350 | €3,084 | -€12,900 | €3,981 | -€5,805 | ▼ 246% |
| Financial income75/76B | €9 | €2 | - | €60 | €124 | ▲ 107% |
| Recurring financial income75 | €9 | €2 | - | €60 | €124 | ▲ 107% |
| Financial charges65/66B | €80 | €57 | €96 | €152 | €145 | ▼ 4.2% |
| Recurring financial charges65 | €80 | €57 | €96 | €152 | €145 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €4,280 | €3,029 | -€12,996 | €3,889 | -€5,827 | ▼ 250% |
| Income taxes67/77 | - | €2,250 | €1,001 | €3,331 | -€1,001 | ▼ 130% |
| Profit (loss) for the period9904 | €4,280 | €779 | -€13,997 | €557 | -€4,826 | ▼ 966% |
| Profit (loss) for the period to be appropriated9905 | €4,280 | €779 | -€13,997 | €557 | -€4,826 | ▼ 966% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,706 | €49,147 | €41,048 | €46,932 | €29,624 | ▼ 36.9% |
| Fixed assets21/28 | €4,305 | €6,019 | €4,388 | €3,665 | €12,096 | ▲ 230% |
| Intangible fixed assets21 | €330 | - | - | - | - | - |
| Tangible fixed assets22/27 | €1,275 | €3,319 | €1,688 | €965 | €241 | ▼ 75.0% |
| Plant, machinery and equipment23 | €1,275 | €3,319 | €1,688 | €965 | €241 | ▼ 75.0% |
| Financial fixed assets28 | €2,700 | €2,700 | €2,700 | €2,700 | €11,855 | ▲ 339% |
| Current assets29/58 | €36,401 | €43,128 | €36,660 | €43,267 | €17,528 | ▼ 59.5% |
| Stocks and contracts in progress3 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Stocks30/36 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Amounts receivable within one year40/41 | €4,596 | €4,453 | €9,033 | €5,190 | €5,408 | ▲ 4.2% |
| Trade receivables40 | €4,596 | €63 | €1,205 | - | - | - |
| Other amounts receivable41 | - | €4,391 | €7,828 | €5,190 | €5,408 | ▲ 4.2% |
| Cash at bank and in hand54/58 | €26,805 | €24,354 | €12,227 | €33,078 | €5,458 | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | €9,321 | €10,401 | - | €1,662 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,706 | €49,147 | €41,048 | €46,932 | €29,624 | ▼ 36.9% |
| Equity10/15 | €12,433 | €13,212 | -€785 | -€227 | -€5,053 | ▼ 2,123% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €4,373 | €5,152 | -€8,845 | -€8,287 | -€13,113 | ▼ 58.2% |
| Amounts payable17/49 | €28,273 | €35,935 | €41,833 | €47,159 | €34,677 | ▼ 26.5% |
| Amounts payable within one year42/48 | €28,273 | €35,935 | €41,833 | €47,159 | €34,677 | ▼ 26.5% |
| Trade debts44 | €15,944 | €25,054 | €21,889 | €13,553 | €12,562 | ▼ 7.3% |
| Suppliers440/4 | €15,944 | €25,054 | €21,889 | €13,553 | €12,562 | ▼ 7.3% |
| Advances received on contracts in progress46 | - | - | - | €12,469 | - | - |
| Taxes, remuneration and social security45 | €4,212 | €2,764 | €13,710 | €6,955 | €4,189 | ▼ 39.8% |
| Taxes450/3 | €924 | €2,335 | €7,288 | €2,013 | €894 | ▼ 55.6% |
| Remuneration and social security454/9 | €3,288 | €429 | €6,422 | €4,943 | €3,296 | ▼ 33.3% |
| Other amounts payable47/48 | €8,118 | €8,117 | €6,234 | €14,182 | €17,926 | ▲ 26.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,280 | €779 | -€13,997 | €557 | -€4,826 | ▼ 966% |
| + Depreciation and write-downs630 | €3,117 | €1,903 | €5,037 | €723 | €723 | = |
| Operating cash flow (approximation) | €7,396 | €2,682 | -€8,959 | €1,281 | -€4,103 | ▼ 420% |
| Investment in fixed assets (approximation) | - | -€3,617 | -€3,407 | €0 | -€9,155 | - |
| Change in cash | - | -€2,452 | -€12,127 | €20,850 | -€27,620 | ▼ 232% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 191 days late
2024
31-12
Financial
Back to profitnet €557
Net result €557 after one loss-making year.
2023
31-12
Financial
Weakest financial yearnet -€13,997
Net result drops to -€13,997, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,280
Net result €4,280 after 3 loss-making years.
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2016
Ground area
193 m²
Building footprint
132 m²
Volume, LiDAR
988 m³
Parcel 11462A0042/00M004, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Ibika
since 20162.254.320.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0042/00M004 | Flanders | 193 m² | 1 · 132 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,017 companies in this sector we hold annual accounts for 9,142. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0651767051
Also
9925:BE0651767051
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.