IBND
ActiveSummary
The computed 12-month bankruptcy probability of IBND is 2.0% (moderate). The 2025 annual accounts show negative equity (-€107,542) and a net result of -€109,694. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 10% of 4695 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-68
Solvency0▼-27
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.22 against 0.9 in 2024; short-term debt: 284.5% and cash: 29.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-184.5%
Return on assets
-188.2%
Age of the figures
9 mo
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 · 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 -€107,542
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
61 d late
2023
92 d late
2022
374 d late
2021
113 d late
2020
31 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 98 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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 monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€107,542
2024 · €2,152
Total assets
€58,295▼ 35.7%
2024 · €90,700
Net result
-€109,694
2024 · €8,729
Working capital
-€128,883▼ 1,321%
2024 · -€9,073
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, 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
Line20212022202320242025
Operating result€21,922▲ 18.7%€26,056▲ 18.9%€32,126▲ 23.3%€11,853▼ 63.1%-€86,497
Net result€19,906above the sector's middle half▲ 19.2%€23,551above the sector's middle half▲ 18.3%€29,239above the sector's middle half▲ 24.2%€8,729within the sector's middle half▼ 70.1%-€109,694below the sector's middle half
Equity-€59,367below the sector's middle half▲ 25.1%-€35,817below the sector's middle half▲ 39.7%-€6,578below the sector's middle half▲ 81.6%€2,152within the sector's middle half-€107,542below the sector's middle half
Total assets€75,558within the sector's middle half▲ 135%€71,428within the sector's middle half▼ 5.5%€48,449within the sector's middle half▼ 32.2%€90,700within the sector's middle half▲ 87.2%€58,295within the sector's middle half▼ 35.7%
Debt€134,926▲ 21.1%€107,245▼ 20.5%€55,027▼ 48.7%€88,548▲ 60.9%€165,837▲ 87.3%
Working capital-€72,514▲ 18.4%-€47,263▲ 34.8%-€16,324▲ 65.5%-€9,073▲ 44.4%-€128,883▼ 1,321%
Solvency-78.6%below the sector's middle half▲ 168.0pp-50.1%below the sector's middle half▲ 28.4pp-13.6%within the sector's middle half▲ 36.6pp2.4%within the sector's middle half▲ 15.9pp-184.5%below the sector's middle half▼ 186.9pp
Staff (FTE)8.1▲ 326%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service 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 €86,497 after €11,853 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58,295
Fixed assets
€21,341 ▲ 90.1%
Current assets
€36,954 ▼ 53.5%
Key figures and ratios
EBITDA
-€83,466▼
2024 · €13,707
Cash flow
-€106,663▼
2024 · €10,583
Current ratio
0.22▼
2024 · 0.90
Debt to equity
-1.54▼
2024 · 41.15
ROA
-188.2%▼
2024 · 9.6%
Interest coverage
-23.07▼
2024 · 4.46
Debt ≤ 1 year
€165,837▲
2024 · €88,548
Income taxes
€19,579▲
2024 · €50
Staff costs
€268,644▲
2024 · €130,202
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% 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
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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 497,662 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% | 1.7% |
| 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 75% 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 6,940 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 | €56,432 | €123,041 | €97,351 | €130,202 | €268,644 | ▲ 106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,453 | €1,700 | €1,700 | €1,854 | €3,030 | ▲ 63.5% |
| Other operating charges640/8 | €830 | €348 | - | €387 | €407 | ▲ 5.0% |
| Non-recurring operating charges66A | - | - | - | - | €1,553 | - |
| Gross operating margin9900 | €80,637 | €151,144 | €131,177 | €144,297 | €187,138 | ▲ 29.7% |
| Operating profit (loss)9901 | €21,922 | €26,056 | €32,126 | €11,853 | -€86,497 | ▼ 830% |
| Financial charges65/66B | €2,016 | €2,505 | €2,887 | €3,074 | €3,618 | ▲ 17.7% |
| Recurring financial charges65 | €2,016 | €2,505 | €2,887 | €3,074 | €3,618 | ▲ 17.7% |
| Profit (loss) for the period before taxes9903 | €19,906 | €23,551 | €29,239 | €8,779 | -€90,115 | ▼ 1,126% |
| Income taxes67/77 | - | - | - | €50 | €19,579 | ▲ 39,058% |
| Profit (loss) for the period9904 | €19,906 | €23,551 | €29,239 | €8,729 | -€109,694 | ▼ 1,357% |
| Profit (loss) for the period to be appropriated9905 | €19,906 | €23,551 | €29,239 | €8,729 | -€109,694 | ▼ 1,357% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,558 | €71,428 | €48,449 | €90,700 | €58,295 | ▼ 35.7% |
| Fixed assets21/28 | €13,147 | €11,447 | €9,747 | €11,224 | €21,341 | ▲ 90.1% |
| Tangible fixed assets22/27 | €13,147 | €11,447 | €9,747 | €11,224 | €21,341 | ▲ 90.1% |
| Furniture and vehicles24 | - | - | - | €3,178 | €2,512 | ▼ 21.0% |
| Other tangible fixed assets26 | €13,147 | €11,447 | €9,747 | €8,047 | €18,829 | ▲ 134% |
| Current assets29/58 | €62,412 | €59,981 | €38,703 | €79,476 | €36,954 | ▼ 53.5% |
| Amounts receivable within one year40/41 | €45,976 | €18,641 | €24,037 | €49,916 | €19,807 | ▼ 60.3% |
| Trade receivables40 | €29,793 | €2,459 | €2,459 | €2,459 | €19,807 | ▲ 705% |
| Other amounts receivable41 | €16,182 | €16,182 | €21,578 | €47,457 | - | - |
| Current investments50/53 | - | - | - | €22,134 | - | - |
| Cash at bank and in hand54/58 | €16,436 | €41,340 | €14,665 | €7,425 | €17,147 | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,558 | €71,428 | €48,449 | €90,700 | €58,295 | ▼ 35.7% |
| Equity10/15 | -€59,367 | -€35,817 | -€6,578 | €2,152 | -€107,542 | ▼ 5,098% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€77,967 | -€54,417 | -€25,178 | -€16,448 | -€126,142 | ▼ 667% |
| Amounts payable17/49 | €134,926 | €107,245 | €55,027 | €88,548 | €165,837 | ▲ 87.3% |
| Amounts payable within one year42/48 | €134,926 | €107,245 | €55,027 | €88,548 | €165,837 | ▲ 87.3% |
| Trade debts44 | €44,385 | €40,265 | €41,289 | €68,026 | €138,695 | ▲ 104% |
| Suppliers440/4 | €44,385 | €40,265 | €41,289 | €68,026 | €138,695 | ▲ 104% |
| Taxes, remuneration and social security45 | €87,311 | €14,655 | €6,403 | €2,237 | €27,141 | ▲ 1,113% |
| Taxes450/3 | €5,502 | €14,655 | €3,375 | €107 | €12,716 | ▲ 11,757% |
| Remuneration and social security454/9 | €81,809 | - | €3,028 | €2,130 | €14,425 | ▲ 577% |
| Other amounts payable47/48 | €3,229 | €52,324 | €7,334 | €18,286 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,906 | €23,551 | €29,239 | €8,729 | -€109,694 | ▼ 1,357% |
| + Depreciation and write-downs630 | €1,453 | €1,700 | €1,700 | €1,854 | €3,030 | ▲ 63.5% |
| Operating cash flow (approximation) | €21,359 | €25,251 | €30,939 | €10,583 | -€106,663 | ▼ 1,108% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,331 | -€13,147 | ▼ 295% |
| Change in cash | - | €24,904 | -€26,675 | -€7,240 | €9,722 | ▲ 234% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€109,694
Net result drops to -€109,694, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 374 days late
2023
31-12
Financial
Highest result since 2018net €29,239 ▲24.2%
Operating result €32,126, net result €29,239, both a record.
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 113 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €16,695
Net result €16,695 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 17 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Schaarbeek
Ground area
308 m²
Building footprint
312 m²
Volume, LiDAR
2,704 m³
Parcel 21905C0020/00K007, Brussels · tallest building 20.2 m, ±2 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0020/00K007 | Brussels | 308 m² | 1 · 312 m² | 20.2 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.
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Of 24,865 companies in sector 96220 we hold annual accounts for 1,444. 640 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 (pre-2019)
Founded25-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562995423
Also
9925:BE0562995423
Registered
09-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.