IBO
ActiveSummary
IBO has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €53k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-14
Solvency100=
Growth41=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 27.45 against 27.59 in 2023; short-term debt: 3.6% and cash: 18.2% of total assets), and 3.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
96.4%
Return on assets
-4.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
83 d late
2023
226 d late
2022
62 d late
2021
116 d late
2020
6 d early
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€210k▲ 65.8%
2021 · €127k
EBIT margin
3.8%▲ 7.5pp
2021 · -3.7%
Net result
€-3k▼ 14.2%
2023 · €-2k
Working capital
€52k▼ 0.6%
2023 · €53k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€156k▼ 42.1%€127k▼ 18.6%€210k▲ 65.8%
Operating result€-13k€-5k▲ 65.0%€8k€-2k€-2k▼ 27.3%
Net result€2k▼ 41.0%€-5k€8k€-2k€-3k▼ 14.2%
EBIT margin-8.6%▼ 9.6pp-3.7%▲ 4.9pp3.8%▲ 7.5pp
Equity€56k▲ 3.6%€49k▼ 12.1%€57k▲ 16.1%€55k▼ 3.9%€53k▼ 4.6%
Total assets€64k▼ 16.8%€56k▼ 11.6%€69k▲ 21.7%€57k▼ 16.8%€55k▼ 4.4%
Debt€8k▼ 66.2%€7k▼ 7.4%€11k▲ 61.1%€2k▼ 82.5%€2k=
Working capital€31k▲ 166%€39k▲ 25.6%€53k▲ 35.3%€53k=€52k▼ 0.6%
Staff (FTE)1
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 €2k in 2024 against €2k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €55k
Fixed assets
€150 ▼ 93.7%
Current assets
€54k ▼ 0.5%
Equity and liabilities €55k
Equity
€53k ▼ 4.6%
Debt
€2k =
Debt's share of the balance-sheet total rises from 3.5% to 3.6%. Equity is lower.
Key figures and ratios
EBITDA
€-246▼
2023 · €426
Cash flow
€-291▼
2023 · €163
Current ratio
27.45▼
2023 · 27.59
Debt to equity
0.04▲
2023 · 0.04
ROE
-4.8%▼
2023 · -4.0%
ROA
-4.6%▼
2023 · -3.9%
Interest coverage
-5.46▼
2023 · 1.61
Debt ≤ 1 year
€2k=
2023 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €156k | €127k | €210k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €95k | €159k | - | - | - |
| Remuneration, social security and pensions62 | - | €30k | €33k | €25k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €15k | €6k | €2k | €2k | ▼ 5.9% |
| Other operating charges640/8 | - | €4k | €3k | €596 | €243 | ▼ 59.2% |
| Gross operating margin9900 | €9k | €44k | €50k | €26k | €-2 | ▼ 100% |
| Operating profit (loss)9901 | €-13k | €-5k | €8k | €-2k | €-2k | ▼ 27.3% |
| Financial income75/76B | - | €10 | €9 | €1 | - | - |
| Recurring financial income75 | €0 | €10 | €9 | €1 | - | - |
| Financial charges65/66B | - | €147 | €121 | €264 | €45 | ▼ 83.0% |
| Recurring financial charges65 | €904 | €147 | €121 | €264 | €45 | ▼ 83.0% |
| Profit (loss) for the period before taxes9903 | €5k | €-5k | €8k | €-2k | €-3k | ▼ 14.2% |
| Income taxes67/77 | €3k | - | - | - | - | - |
| Profit (loss) for the period9904 | €2k | €-5k | €8k | €-2k | €-3k | ▼ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-5k | €8k | €-2k | €-3k | ▼ 14.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64k | €56k | €69k | €57k | €55k | ▼ 4.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €25k | €10k | €5k | €2k | €150 | ▼ 93.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €24k | €10k | €5k | €2k | €150 | ▼ 93.7% |
| Plant, machinery and equipment23 | - | €4k | - | - | - | - |
| Leasing and similar rights25 | - | €7k | €5k | €2k | €150 | ▼ 93.7% |
| Financial fixed assets28 | €1k | - | - | - | - | - |
| Current assets29/58 | €39k | €46k | €64k | €55k | €54k | ▼ 0.5% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €13k | €32k | €30k | €44k | €44k | ▼ 0.1% |
| Trade receivables40 | - | - | - | €15k | €15k | = |
| Other amounts receivable41 | - | €32k | €30k | €29k | €29k | ▼ 0.2% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €26k | €11k | €33k | €10k | €10k | ▼ 2.3% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64k | €56k | €69k | €57k | €55k | ▼ 4.4% |
| Equity10/15 | €56k | €49k | €57k | €55k | €53k | ▼ 4.6% |
| Contributions10/11 | €0 | €19k | €19k | - | - | - |
| Capital10 | - | €19k | €19k | - | - | - |
| Issued capital100 | - | €19k | €19k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €20k | €20k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €20k | €20k | = |
| Profit (loss) carried forward14 | €36k | €29k | €37k | €35k | €32k | ▼ 7.3% |
| Amounts payable17/49 | €8k | €7k | €11k | €2k | €2k | = |
| Amounts payable within one year42/48 | €8k | €7k | €11k | €2k | €2k | = |
| Trade debts44 | €5k | €3k | €4k | - | - | - |
| Suppliers440/4 | - | €3k | €4k | - | - | - |
| Taxes, remuneration and social security45 | - | €5k | €7k | €2k | €2k | = |
| Taxes450/3 | - | €191 | €4k | €2k | €2k | = |
| Remuneration and social security454/9 | - | €4k | €4k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-5k | €8k | €-2k | €-3k | ▼ 14.2% |
| + Depreciation and write-downs630 | €10k | €15k | €6k | €2k | €2k | ▼ 5.9% |
| Operating cash flow (approximation) | €11k | €10k | €14k | €163 | €-291 | ▼ 279% |
| Investment in fixed assets (approximation) | - | €-400 | €0 | €-140 | €0 | ▲ 100% |
| Change in cash | - | €-15k | €22k | €-23k | €-233 | ▲ 99.0% |
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
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 226 days late
2023
31-12
Financial
Liquidity times 5current ratio 27.59
Current ratio from 5.65 to 27.59; short-term debt falls from €11k to €2k.
01-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 62 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 116 days late
2021
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.09
Current ratio from 1.52 to 5.09; short-term debt falls from €22k to €8k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 92 days late
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 68 days late
2018
01-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Sint-Niklaas · 1 establishment unit since 2025
Ground area
128 m²
Building footprint
128 m²
Volume, LiDAR
742 m³
Parcel 46445D0944/00B000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IBO
since 20252.373.040.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D0944/00B000 | Flanders | 128 m² | 1 · 128 m² | 9.8 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 4,415 companies in sector 46180 we hold annual accounts for 1,884. 1,361 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
Founded04-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
47820Retail sale of motor vehicle parts and accessories
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
95314Bodywork repair (including spraying and painting)
95315Tyre services
Scores and ratios are computed by Checked and are not a credit decision.