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IBM24

Active
Private limited companyfounded 20242 yrs activeWaterloose Steenweg 200/8, 1640 Sint-Genesius-Rode, BelgiumKBO/BCE: BE 1006.026.788
Summary

IBM24 has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,179 and a net result of -€862. Its solvency ranks better than 23% of 1060 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability20▲+20
Solvency43▼-7
Growth58
Track record82
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
18%
Return on assets
-7.1%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1060 sector peers (2025).
NBB · sector comparison
Position among 1060 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filings
Deviation from the deadline
2025
28 d late
2024
23 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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.
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 February 2024, IBM24 was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€2,179▼ 28.4%
2024 · €3,041
Total assets
€12,138▲ 1.4%
2024 · €11,969
Net result
-€862▲ 56.0%
2024 · -€1,959
Working capital
€2,179▼ 28.4%
2024 · €3,041
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 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, 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
Line20242025
Operating result-€1,916--€1,114▲ 41.9%
Net result-€1,959below the sector's middle half--€862below the sector's middle half▲ 56.0%
Equity€3,041below the sector's middle half-€2,179below the sector's middle half▼ 28.4%
Total assets€11,969below the sector's middle half-€12,138below the sector's middle half▲ 1.4%
Debt€8,929-€9,959▲ 11.5%
Working capital€3,041within the sector's middle half-€2,179within the sector's middle half▼ 28.4%
Solvency25.4%within the sector's middle half-18.0%below the sector's middle half▼ 7.5pp
Current ratio1.34within the sector's middle half-1.22within the sector's middle half▼ 0.12
Return on assets (ROA)-16.4%below the sector's middle half--7.1%below the sector's middle half▲ 9.3pp
above within below the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,000-€1,500-€1,000-€500€0Operating result 2024: -€1,916-€1,916Net result 2024: -€1,959-€1,959Operating result 2025: -€1,114-€1,114Net result 2025: -€862-€86220242025-€2,000-€1,500-€1,000-€500€0Operating result 2024: -€1,916-€1,920Net result 2024: -€1,959-€1,960Operating result 2025: -€1,114-€1,110Net result 2025: -€862-€86220242025
The operating result stays negative: a loss of €1,114 in 2025 against €1,916 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €12,138
Equity €2,179 ▼ 28.4%
Debt €9,959 ▲ 11.5%
Debt's share of the balance-sheet total rises from 74.6% to 82.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
4.57▲
2024 · 2.94
ROE
-39.6%▲
2024 · -64.4%
Debt ≤ 1 year
€9,959▲
2024 · €8,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,271 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a small loss
4.1% went bankrupt
2.0% stopped otherwise
93% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 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 1,271 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€11,969€12,138▲
Current assets29/58€11,969€12,138▲
Amounts receivable within one year40/41-€3,681
Trade receivables40-€3,681
Cash at bank and in hand54/58€11,969€8,457▼
Equity and liabilities
Total equity and liabilities10/49€11,969€12,138▲
Equity10/15€3,041€2,179▼
Contributions10/11€5,000€5,000=
Capital10€5,000€5,000=
Issued capital100€5,000€5,000=
Profit (loss) carried forward14-€1,959-€2,821▼
Amounts payable17/49€8,929€9,959▲
Amounts payable within one year42/48€8,929€9,959▲
Trade debts44€290€1,000▲
Suppliers440/4€290€1,000▲
Taxes, remuneration and social security45€29€349▲
Taxes450/3€29€349▲
Other amounts payable47/48€8,609€8,609=
Income statement Code20242025
Other operating charges640/8-€53
Gross operating margin9900-€1,916-€1,061▲
Operating profit (loss)9901-€1,916-€1,114▲
Financial income75/76B-€381
Recurring financial income75-€0
Non-recurring financial income76B-€381
Financial charges65/66B€43€130▲
Recurring financial charges65€43€130▲
Profit (loss) for the period before taxes9903-€1,959-€862▲
Profit (loss) for the period9904-€1,959-€862▲
Profit (loss) for the period to be appropriated9905-€1,959-€862▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,959-€2,821▼
Profit (loss) brought forward from the previous period14P--€1,959
Line20242025Change
Other operating charges640/8-€53-
Gross operating margin9900-€1,916-€1,061▲ 44.6%
Operating profit (loss)9901-€1,916-€1,114▲ 41.9%
Financial income75/76B-€381-
Recurring financial income75-€0-
Non-recurring financial income76B-€381-
Financial charges65/66B€43€130▲ 200%
Recurring financial charges65€43€130▲ 200%
Profit (loss) for the period before taxes9903-€1,959-€862▲ 56.0%
Profit (loss) for the period9904-€1,959-€862▲ 56.0%
Profit (loss) for the period to be appropriated9905-€1,959-€862▲ 56.0%
Line20242025Change
Assets
Total assets20/58€11,969€12,138▲ 1.4%
Current assets29/58€11,969€12,138▲ 1.4%
Amounts receivable within one year40/41-€3,681-
Trade receivables40-€3,681-
Cash at bank and in hand54/58€11,969€8,457▼ 29.3%
Equity and liabilities
Total equity and liabilities10/49€11,969€12,138▲ 1.4%
Equity10/15€3,041€2,179▼ 28.4%
Contributions10/11€5,000€5,000=
Capital10€5,000€5,000=
Issued capital100€5,000€5,000=
Profit (loss) carried forward14-€1,959-€2,821▼ 44.0%
Amounts payable17/49€8,929€9,959▲ 11.5%
Amounts payable within one year42/48€8,929€9,959▲ 11.5%
Trade debts44€290€1,000▲ 244%
Suppliers440/4€290€1,000▲ 244%
Taxes, remuneration and social security45€29€349▲ 1,116%
Taxes450/3€29€349▲ 1,116%
Other amounts payable47/48€8,609€8,609=
Line20242025Change
Profit (loss) for the period9904-€1,959-€862▲ 56.0%
Operating cash flow (approximation)-€1,959-€862▲ 56.0%
Change in cash--€3,513-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
08-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Sint-Genesius-Rode · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
7,537 m²
Building footprint
1,590 m²
Volume, LiDAR
18,394 m³
2 parcels, Brussels, Flanders · tallest building 23.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IBM24
Prins Leopoldsquare 15, 1020 BrusselManufacture of motor vehicles, trailers and semi-trailers
since 20242.355.977.372
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
22552E0048/00Z025 Flanders 7,308 m² 1 · 1,453 m² 23.0 m · 4 fl.
21816C0058/00M005 Brussels 229 m² 1 · 136 m² 20.6 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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

Of 1,878 companies in sector 95314 we hold annual accounts for 848. 128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded14-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
95314Bodywork repair (including spraying and painting)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Contact
E-mail ibm24@outlook.beBrussel
Phone 0487279926Brussel
E-invoicing
Reachable via Peppol
Peppol ID 0208:1006026788
Also 9925:BE1006026788
Registered 10-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.