IBO GROUP

Active

Private limited companyfounded 201114 yrs activeSpoorweglaan 27, 9160 Lokeren, BelgiumKBO/BCE: BE 0839.682.874

IBO GROUP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €807k and a net result of €224k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 1329 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2024

86 / 100

Excellent▼ -14 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency87▼-9

Growth78=

Stability100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €70k at 30 days acceptable

Liquidity ample (current ratio 1.93 against 1.98 in 2023), but 55.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 42

Relative position

BE, all sectors

reference

Sector 42

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

44.2%

Return on assets

12.3%

Age of the figures

20 mo

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €807k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 filings

Deviation from the deadline

2025

not confirmed

2024

89 d late

2023

97 d late

2022

134 d late

2021

76 d late

2020

256 d late

2019

45 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€807k▲ 38.5%

2023 · €582k

2018: €226k 2019: €101k 2020: €100k 2021: €103k 2022: €292k 2023: €582k

2018 → 2024

Total assets

€1.83M▲ 68.5%

2023 · €1.08M

2018: €330k 2019: €413k 2020: €433k 2021: €341k 2022: €726k 2023: €1.08M

2018 → 2024

Net result

€224k▼ 22.6%

2023 · €290k

2018: €84k 2019: €-125k 2020: €-230 2021: €3k 2022: €189k 2023: €290k

2018 → 2024

Working capital

€731k▲ 98.4%

2023 · €368k

2018: €184k 2019: €131k 2020: €109k 2021: €90k 2022: €202k 2023: €368k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€100k-€103k▲ 3.1%€292k▲ 183%€582k▲ 99.1%€807k▲ 38.5%

Operating result€12k-€11k▼ 11.8%€269k▲ 2,349%€377k▲ 40.2%€332k▼ 11.7%

Net result€-230-€3k€189k▲ 5,896%€290k▲ 53.4%€224k▼ 22.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 12% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.83M

17.2%

82.8%

Fixed assets €314k▼ 7.5%

Current assets €1.51M▲ 103%

Equity and liabilities €1.83M

44.2%

55.8%

Equity €807k▲ 38.5%

Debt €1.02M▲ 103%

The debt ratio rises from 46.3% to 55.8%: debt grows faster than equity.

Key figures and ratios

2024 value · change against 2023

EBITDA

€462k▼

2023 · €472k

Cash flow

€354k▼

2023 · €386k

Solvency

44.2%▼

2023 · 53.7%

Current ratio

1.93▼

2023 · 1.98

Quick ratio

1.18▼

2023 · 1.98

Debt / equity

1.26▲

2023 · 0.86

ROE

27.8%▼

2023 · 49.8%

ROA

12.3%▼

2023 · 26.7%

Interest coverage

13.25▼

2023 · 18.96

Debt

€1.02M▲

2023 · €502k

Debt ≤ 1 year

€782k▲

2023 · €376k

Debt > 1 year

€238k▲

2023 · €126k

Income taxes

€73k▲

2023 · €62k

Staff costs

€889k▲

2023 · €767k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.08M€1.83M▲

Fixed assets21/28€340k€314k▼

Tangible fixed assets22/27€335k€310k▼

Plant, machinery and equipment23€115k€106k▼

Furniture and vehicles24€211k€185k▼

Other tangible fixed assets26€10k€19k▲

Financial fixed assets28€4k€4k=

Current assets29/58€745k€1.51M▲

Amounts receivable after more than one year29-€100k

Other amounts receivable291-€100k

Stocks and contracts in progress3-€592k

Stocks30/36-€592k

Amounts receivable within one year40/41€475k€646k▲

Trade receivables40€231k€374k▲

Other amounts receivable41€243k€272k▲

Cash at bank and in hand54/58€264k€164k▼

Deferred charges and accrued income490/1€5k€11k▲

Equity and liabilities

Total equity and liabilities10/49€1.08M€1.83M▲

Equity10/15€582k€807k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€562k€786k▲

Amounts payable17/49€502k€1.02M▲

Amounts payable after more than one year17€126k€238k▲

Financial debts170/4€126k€238k▲

Amounts payable within one year42/48€376k€782k▲

Current portion of amounts payable after more than one year42€175k€303k▲

Trade debts44€188k€428k▲

Suppliers440/4€188k€428k▲

Taxes, remuneration and social security45€13k€51k▲

Taxes450/3€1k€39k▲

Remuneration and social security454/9€12k€12k=

Income statement Code20232024

Non-recurring operating income76A€12k€92k▲

Remuneration, social security and pensions62€767k€889k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€130k▲

Other operating charges640/8€7k€19k▲

Non-recurring operating charges66A€100-

Gross operating margin9900€1.25M€1.37M▲

Operating profit (loss)9901€377k€332k▼

Financial income75/76B€107€46▼

Recurring financial income75€107€46▼

Financial charges65/66B€25k€35k▲

Recurring financial charges65€25k€35k▲

Profit (loss) for the period before taxes9903€352k€298k▼

Income taxes67/77€62k€73k▲

Profit (loss) for the period9904€290k€224k▼

Profit (loss) for the period to be appropriated9905€290k€224k▼

Appropriation of the result

Profit (loss) to be appropriated9906€562k€786k▲

Profit (loss) brought forward from the previous period14P€272k€562k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

28-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 89 days late

2024

05-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 97 days late

2023

31-12

Financial Highest result since 2018net €290k ▲53.4%

Operating result €377k, net result €290k, both a record.

31-12

Financial Equity above €500kEq €582k ▲99.1%

3 profitable years in a row build equity to €582k.

12-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 134 days late

2022

31-12

Financial Equity above €200kEq €292k ▲183%

2 profitable years in a row build equity to €292k.

15-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 76 days late

13-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 256 days late

2021

31-12

Financial Back to profitnet €3k

Net result €3k after 2 loss-making years.

2020

14-09

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 45 days late

2019

31-12

Financial Weakest financial yearnet €-125k ▼249%

Net result drops to €-125k, the lowest in the series; recovery starts the following year.

10-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 71 days late

05-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 370 days late

2018

14-06

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 318 days late

2016

04-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 65 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

05-01-2024 Resigned as Director

Location & real-estate footprint

Registered office, Lokeren · 2 establishment units since 2011

establishment approximate All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Spoorweglaan 279160 Lokeren

Ground area

3,905 m²

Building footprint

951 m²

Volume, LiDAR