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iBite Security

Active
Private limited companyfounded 2025active for 1 yearStationsstraat 33, 9160 Lokeren, BelgiumKBO/BCE: BE 1019.378.047

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-07-2026 at the NBB

Turnover
≈ €30,000
Estimated: probably between €14,000 and €73,000
Total assets
€21,075
Net result
€2,303
Working capital
€3,376

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €21,075
Equity €3,503
Debt €17,572
Debt's share of the balance-sheet total is 83.4%.
Key figures and ratios
2025 value
EBITDA
€3,976
Cash flow
€3,367
Current ratio
1.19
Debt to equity
5.02
ROE
65.7%
ROA
10.9%
Interest coverage
over 100
Debt ≤ 1 year
€17,572
Income taxes
€576

Comparable companies

These companies have the same main activity as iBite Security: investigation and security activities (NACE 80090). They are comparable in size and age: total assets between €8,550 and €41,500, founded between 2023 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
iBite Security Lokeren2025€21,075€3,503€3,976€2,3032025
SOGEPLO Tintigny2025€24,078€6,526€6,672€3,5262025
SAFEBYTE Ieper2024€41,490€7,962€5,265€3,9622025
Alfa Optimus Antwerpen2023€13,773€8,543€5,866€3,7072026
QuadSecurity Sint-Lievens-Houtem2025€8,549€5,143€7,336€4,1432025
Railway and Drive Services Verlaine2025€32,593€10,073€11,537€7,6732025
CAUTUS Heist-op-den-Berg2025€24,409€8,540€13,106€7,5402025

They were chosen from the 263 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 2,390 companies had the same profile as iBite Security has now. Two years later, 1.2% had gone bankrupt and 96.7% were still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of iBite Security itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,390 companies, not a prediction for iBite Security. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 31 lines

Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.

Balance sheet Code2025
Assets
Total assets20/58€21,075
Formation expenses20€126
Current assets29/58€20,949
Amounts receivable within one year40/41€15,859
Trade receivables40€8,339
Other amounts receivable41€7,519
Cash at bank and in hand54/58€5,090
Equity and liabilities
Total equity and liabilities10/49€21,075
Equity10/15€3,503
Contributions10/11€1,200
Reserves13€2,303
Distributable reserves133€2,303
Amounts payable17/49€17,572
Amounts payable within one year42/48€17,572
Trade debts44€16,451
Suppliers440/4€16,451
Taxes, remuneration and social security45€576
Taxes450/3€576
Other amounts payable47/48€546
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,065
Gross operating margin9900€3,976
Operating profit (loss)9901€2,912
Financial charges65/66B€33
Recurring financial charges65€33
Profit (loss) for the period before taxes9903€2,878
Income taxes67/77€576
Profit (loss) for the period9904€2,303
Profit (loss) for the period to be appropriated9905€2,303
Appropriation of the result
Profit (loss) to be appropriated9906€2,303
Transfer to equity691/2€2,303
To other reserves6921€2,303

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,065
Gross operating margin9900€3,976
Operating profit (loss)9901€2,912
Financial charges65/66B€33
Recurring financial charges65€33
Profit (loss) for the period before taxes9903€2,878
Income taxes67/77€576
Profit (loss) for the period9904€2,303
Profit (loss) for the period to be appropriated9905€2,303
Line2025
Assets
Total assets20/58€21,075
Formation expenses20€126
Current assets29/58€20,949
Amounts receivable within one year40/41€15,859
Trade receivables40€8,339
Other amounts receivable41€7,519
Cash at bank and in hand54/58€5,090
Equity and liabilities
Total equity and liabilities10/49€21,075
Equity10/15€3,503
Contributions10/11€1,200
Reserves13€2,303
Distributable reserves133€2,303
Amounts payable17/49€17,572
Amounts payable within one year42/48€17,572
Trade debts44€16,451
Suppliers440/4€16,451
Taxes, remuneration and social security45€576
Taxes450/3€576
Other amounts payable47/48€546
Line2025
Profit (loss) for the period9904€2,303
+ Depreciation and write-downs630€1,065
Operating cash flow (approximation)€3,367

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 23-07-2026 2026-00323188 NBB

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