IBMD
ActiveSummary
IBMD has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €219,238 and a net result of -€19,256. Equity is shrinking by ~13% per year across the filed fiscal years. Its solvency ranks better than 28% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability65▲+57
Solvency55▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.06 in 2023; short-term debt: 66.4% and cash: 3.8% of total assets), and 70.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
29.9%
Return on assets
-2.6%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€19,256
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 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
57 d early
2022
55 d early
2021
40 d early
2020
3 d late
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€219,238▼ 8.1%
2023 · €238,494
Total assets
€734,346▼ 3.2%
2023 · €758,332
Net result
-€19,256▲ 69.6%
2023 · -€63,255
Working capital
-€451,119▲ 2.4%
2023 · -€462,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€31,147▲ 71.7%-€33,772▼ 8.4%-€31,620▲ 6.4%-€65,497▼ 107%-€20,746▲ 68.3%
Net result-€28,666below the sector's middle half▲ 73.7%-€31,169below the sector's middle half▼ 8.7%-€29,031below the sector's middle half▲ 6.9%-€63,255below the sector's middle half▼ 118%-€19,256below the sector's middle half▲ 69.6%
Equity€401,948above the sector's middle half▼ 6.7%€370,780within the sector's middle half▼ 7.8%€326,749above the sector's middle half▼ 11.9%€238,494above the sector's middle half▼ 27.0%€219,238above the sector's middle half▼ 8.1%
Total assets€1.1mabove the sector's middle half▲ 31.7%€1.1mwithin the sector's middle half▼ 3.6%€981,131above the sector's middle half▼ 11.4%€758,332above the sector's middle half▼ 22.7%€734,346above the sector's middle half▼ 3.2%
Debt€709,905▲ 76.7%€702,322▼ 1.1%€622,816▼ 11.3%€490,977▼ 21.2%€488,950▼ 0.4%
Working capital-€399,092▲ 0.1%-€403,559▼ 1.1%-€408,558▼ 1.2%-€462,327▼ 13.2%-€451,119▲ 2.4%
Solvency35.0%within the sector's middle half▼ 14.4pp33.5%within the sector's middle half▼ 1.5pp33.3%within the sector's middle half▼ 0.2pp31.4%within the sector's middle half▼ 1.9pp29.9%within the sector's middle half▼ 1.6pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
The operating result stays negative: a loss of €20,746 in 2024 against €65,497 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €734,346
Fixed assets
€698,015 ▼ 4.3%
Current assets
€36,331 ▲ 26.8%
Equity and liabilities €734,346
Equity
€219,238 ▼ 8.1%
Provisions
€26,158 ▼ 9.4%
Debt
€488,950 ▼ 0.4%
Debt's share of the balance-sheet total rises from 64.7% to 66.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€14,239▲
2023 · -€27,076
Cash flow
€15,729▲
2023 · -€24,834
Current ratio
0.07▲
2023 · 0.06
Debt to equity
2.23▲
2023 · 2.06
ROE
-8.8%▲
2023 · -26.5%
ROA
-2.6%▲
2023 · -8.3%
Interest coverage
11.45▲
2023 · -58.60
Debt ≤ 1 year
€487,450▼
2023 · €490,977
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,501 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 2,501 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €17,821 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,940 | €48,338 | €47,672 | €38,421 | €34,985 | ▼ 8.9% |
| Other operating charges640/8 | - | €1,424 | €2,091 | €2,306 | €3,429 | ▲ 48.7% |
| Gross operating margin9900 | €18,419 | €15,990 | €18,142 | -€24,770 | €17,668 | ▲ 171% |
| Operating profit (loss)9901 | -€31,147 | -€33,772 | -€31,620 | -€65,497 | -€20,746 | ▲ 68.3% |
| Financial income75/76B | - | €0 | €0 | - | €30 | - |
| Recurring financial income75 | €1 | €0 | €0 | - | €30 | - |
| Financial charges65/66B | - | €100 | €115 | €462 | €1,243 | ▲ 169% |
| Recurring financial charges65 | €223 | €100 | €115 | €462 | €1,243 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | -€31,370 | -€33,873 | -€31,735 | -€65,959 | -€21,960 | ▲ 66.7% |
| Transfer from deferred taxes780 | - | €2,704 | €2,704 | €2,704 | €2,704 | = |
| Profit (loss) for the period9904 | -€28,666 | -€31,169 | -€29,031 | -€63,255 | -€19,256 | ▲ 69.6% |
| Transfer from tax-exempt reserves789 | - | €10,550 | €10,550 | €10,550 | €10,550 | = |
| Profit (loss) for the period to be appropriated9905 | -€18,116 | -€20,618 | -€18,480 | -€52,705 | -€8,706 | ▲ 83.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €981,131 | €758,332 | €734,346 | ▼ 3.2% |
| Fixed assets21/28 | €838,014 | €808,608 | €766,873 | €729,682 | €698,015 | ▼ 4.3% |
| Tangible fixed assets22/27 | €838,014 | €808,608 | €766,873 | €729,682 | €698,015 | ▼ 4.3% |
| Land and buildings22 | - | €212,859 | €212,859 | €212,859 | €642,405 | ▲ 202% |
| Plant, machinery and equipment23 | - | €44,280 | €44,280 | €44,280 | €47,137 | ▲ 6.5% |
| Furniture and vehicles24 | - | €35,125 | €21,871 | €11,473 | €8,473 | ▼ 26.1% |
| Leasing and similar rights25 | - | €516,344 | €487,863 | €461,071 | €0 | ▼ 100% |
| Current assets29/58 | €310,812 | €298,763 | €214,258 | €28,650 | €36,331 | ▲ 26.8% |
| Amounts receivable within one year40/41 | - | €6,012 | €29,868 | €13,400 | €8,190 | ▼ 38.9% |
| Trade receivables40 | - | €6,012 | €29,868 | €13,400 | €8,190 | ▼ 38.9% |
| Cash at bank and in hand54/58 | €310,812 | €292,751 | €184,390 | €15,250 | €28,140 | ▲ 84.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €981,131 | €758,332 | €734,346 | ▼ 3.2% |
| Equity10/15 | €401,948 | €370,780 | €326,749 | €238,494 | €219,238 | ▼ 8.1% |
| Contributions10/11 | - | €26,550 | €26,550 | €26,550 | €26,550 | = |
| Reserves13 | €375,398 | €344,230 | €300,199 | €211,944 | €192,688 | ▼ 9.1% |
| Non-distributable reserves130/1 | - | €1,983 | €1,983 | €1,983 | €1,983 | = |
| Reserves not available under the articles1311 | - | €1,983 | €1,983 | €1,983 | €1,983 | = |
| Tax-exempt reserves132 | - | €137,606 | €127,056 | €116,506 | €105,955 | ▼ 9.1% |
| Distributable reserves133 | - | €204,640 | €171,160 | €93,455 | €84,749 | ▼ 9.3% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €36,973 | €34,269 | €31,565 | €28,861 | €26,158 | ▼ 9.4% |
| Deferred taxes168 | - | €34,269 | €31,565 | €28,861 | €26,158 | ▼ 9.4% |
| Amounts payable17/49 | €709,905 | €702,322 | €622,816 | €490,977 | €488,950 | ▼ 0.4% |
| Amounts payable within one year42/48 | €709,905 | €702,322 | €622,816 | €490,977 | €487,450 | ▼ 0.7% |
| Trade debts44 | €2,787 | €1,355 | €3,266 | €1,254 | €820 | ▼ 34.6% |
| Suppliers440/4 | - | €1,355 | €3,266 | €1,254 | €820 | ▼ 34.6% |
| Taxes, remuneration and social security45 | - | €1,639 | €8,785 | €774 | €1,403 | ▲ 81.4% |
| Taxes450/3 | - | €1,639 | €8,785 | €774 | €1,403 | ▲ 81.4% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €699,328 | €610,765 | €488,950 | €485,227 | ▼ 0.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,500 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,666 | -€31,169 | -€29,031 | -€63,255 | -€19,256 | ▲ 69.6% |
| + Depreciation and write-downs630 | €47,940 | €48,338 | €47,672 | €38,421 | €34,985 | ▼ 8.9% |
| Operating cash flow (approximation) | €19,274 | €17,170 | €18,641 | -€24,834 | €15,729 | ▲ 163% |
| Investment in fixed assets (approximation) | - | -€18,933 | -€5,937 | -€1,230 | -€3,318 | ▼ 170% |
| Change in cash | - | -€18,061 | -€108,361 | -€169,140 | €12,890 | ▲ 108% |
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
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
2019
31-12
Financial
Weakest financial yearnet -€109,015
Net result drops to -€109,015, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 65 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Merksplas · 1 establishment unit since 1984
Ground area
3,156 m²
Building footprint
413 m²
Volume, LiDAR
2,058 m³
Parcel 13023E0057/00E002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schoondreef 15-17, 2330 Merksplas
since 19842.229.965.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13023E0057/00E002 | Flanders | 3,156 m² | 1 · 413 m² | 9.1 m · 2 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.
Similar companies · same sector, comparable size
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BE 0464.361.467
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LA GARNERIE
BE 0864.738.172
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LIGNA RECTA
BE 0476.579.212
Antwerpen · Eq €220,753
LSN DESIGN
BE 0456.817.243
Scherpenheuvel-Zichem · Eq €221,043
Of 3,924 companies in sector 71112 we hold annual accounts for 1,294. 931 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
Founded13-07-1984
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
47770Retail sale of watches and jewellery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426999740
Registered
26-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.