Equity
€21,648 ▲ 1.0%
IBOURT paid out €8,000 in dividends. That is 97% of the 2025 profit.
IBOURT
Lifetime
10 annual accounts with figures on one time axispeak €16,183 (2017)
€12,443▲ 98.0%
lowest -€16,535 (2020)
€8,215▲ 74.1%
peak €26,923 (2019)
€21,648▲ 1.0%
€11,382▲ 849%
Board1 name since 2015
-
Documentsfilings and deeds
16-12-202546 days before the deadline
2025micro format
Gross margin from €6,283 to €12,443Result from €4,720 to €8,215Dividend €8,000Debts from €1,200 to €11,382Cash from €8,614 to €18,627
Key points
from the 2025 annual accountsChecked score
93
Excellent
Financially stronger than 69% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.3%▲ +0.1 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025highest value
12-2025: 0.2%▼ -0.1 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €33,031
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 2.88, cash €18,627
Equity €21,648 (65.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 71% of them on solvency, 82% on liquidity, 85% on profitability and 38% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as IBOURT has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of IBOURT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for IBOURT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.88 (18.46 in 2024), above the usual 1.5. Short-term debt is 34.5% and cash 56.4% of total assets. 34.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
46 days early
2023
16 days early
2022
49 days early
2021
45 days early
2020
41 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 40 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 16 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end07-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0631696662
Change of role: IBOURT, Rachid, from manager to director
Director discharge: IBOURT, Rachid · Gazette deed
Registered office moved within Gavere
New registered office: Kasteeldreef 33 te 9890 GAVERE · Previous registered office: Kasteeldreef 31, te 9890 GAVERE · General meeting of 14-12-2021 · Gazette deed
First establishment
Kasteeldreef 33, Gavere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IBOURT Gavere | €33,031 | €12,443 | 65.5% | - |
| B& PRECUB Schaerbeek | €31,630 | €14,722 | 85.8% | - |
| Ledar Sint-Niklaas | €50,815 | €14,997 | -6.8% | - |
| LISENCO Hasselt | €41,010 | €9,243 | 37.7% | - |
| JAMILA 82 Schaerbeek | €31,140 | €12,131 | -27.4% | - |
| BLONDEEL GINO Evergem | €46,324 | €7,741 | 25.3% | - |
| TEAM PRO Kortenberg | €51,721 | €17,582 | 48.5% | - |
These companies have the same main activity as IBOURT: insulation installation (NACE 43230). They are comparable in size and age: total assets between €31,100 and €51,700, founded between 2011 and 2016.
Official details
Source: KBO- Status
- Active since 02-06-2015Normal situation
- Activity
- Insulation installationNACE 43230and 5 others
- Establishment unit
- 2.243.503.7939890 Gavere, since 01-07-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 05-01-2026
Annual accounts to 30-06-2025
- ≈ €120,000estimated
- €33,031▲ 45.9%
- Filing
- Filed on 16-12-2025, 46 days before the end of the filing period
Insights on IBOURT
IBOURT files the micro format. That format states no turnover. The gross margin fell from €14,108 in 2016 to €12,443 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about IBOURT
- What is the company number of IBOURT?
- The company number of IBOURT is 0631.696.662. The VAT number is the same number with BE in front: BE 0631.696.662.
- Where is IBOURT based?
- The registered office is at Kasteeldreef 33, 9890 Gavere.Company details
- What does IBOURT do?
- According to the KBO register, the main activity is insulation installation (NACE 43230).
- What is the legal form of IBOURT?
- IBOURT is a private limited company (BV).
- When was IBOURT founded?
- IBOURT was founded on 02-06-2015.
- Is IBOURT still active?
- Yes, IBOURT is an active enterprise in the KBO register.
- What is the turnover of IBOURT?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €12,443 and 32 comparable companies (NACE 43230). It probably lies between €66,000 and €270,000. It is a rough estimate.Financials
- Is IBOURT profitable?
- In financial year 2025, IBOURT made a profit of €8,215.
- Where can I find the annual accounts of IBOURT?
- IBOURT filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IBOURT due?
- IBOURT must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.