ibouw
Activeibouw has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €276k and a net result of €142k. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+27
Solvency100▲+33
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.22 against 6.64 in 2023; short-term debt: 20.8% and cash: 61.2% of total assets), and 24.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €276k
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2024 was due by 30-06-2025 and was filed on 30-06-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
1 d late
2022
2 d early
2021
on the day
2020
42 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€276k▲ 105%
2023 · €134k
2018: €545k
2019: €567k
2020: €604k
2021: €667k
2022: €123k
2023: €134k
2018 → 2024
Total assets
€365k▲ 15.4%
2023 · €317k
2018: €802k
2019: €687k
2020: €720k
2021: €863k
2022: €303k
2023: €317k
2018 → 2024
Net result
€142k▲ 1,130%
2023 · €12k
2018: €12k
2019: €22k
2020: €37k
2021: €63k
2022: €-4k
2023: €12k
2018 → 2024
Working capital
€244k▼ 0.7%
2023 · €246k
2018: €376k
2019: €417k
2020: €467k
2021: €601k
2022: €236k
2023: €246k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€604k-€667k▲ 10.4%€123k▼ 81.6%€134k▲ 9.4%€276k▲ 105%
Operating result€36k-€93k▲ 157%€-4k€14k€189k▲ 1,292%
Net result€37k-€63k▲ 69.9%€-4k€12k€142k▲ 1,130%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,292% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €365k
Fixed assets
€45k▲ 69.0%
Current assets
€321k▲ 10.5%
Equity and liabilities €365k
Equity
€276k▲ 105%
Provisions
€13k▼ 90.9%
Debt
€77k▲ 72.4%
The debt ratio rises from 14.1% to 21.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€192k▲
2023 · €17k
Cash flow
€145k▲
2023 · €15k
Solvency
75.5%▲
2023 · 42.4%
Current ratio
4.22▼
2023 · 6.64
Quick ratio
4.22▼
2023 · 6.64
Debt / equity
0.28▼
2023 · 0.33
ROE
51.3%▲
2023 · 8.6%
ROA
38.7%▲
2023 · 3.6%
Interest coverage
381.42▲
2023 · 16.72
Debt
€77k▲
2023 · €45k
Debt ≤ 1 year
€76k▲
2023 · €44k
Income taxes
€50k▲
2023 · €4k
Staff costs
€0▼
2023 · €267
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€317k€365k▲
Fixed assets21/28€27k€45k▲
Tangible fixed assets22/27€17k€35k▲
Plant, machinery and equipment23€2k€869▼
Furniture and vehicles24€607€343▼
Other tangible fixed assets26€14k€34k▲
Financial fixed assets28€10k€10k=
Current assets29/58€290k€321k▲
Amounts receivable within one year40/41€205k€89k▼
Trade receivables40€161k€47k▼
Other amounts receivable41€45k€42k▼
Cash at bank and in hand54/58€84k€224k▲
Deferred charges and accrued income490/1€830€8k▲
Equity and liabilities
Total equity and liabilities10/49€317k€365k▲
Equity10/15€134k€276k▲
Contributions10/11€70k€70k=
Capital10€70k€70k=
Issued capital100€70k€70k=
Reserves13€31k€31k=
Non-distributable reserves130/1€29k€29k=
Legal reserve130€29k€29k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€345€345=
Profit (loss) carried forward14€33k€174k▲
Provisions and deferred taxes16€138k€13k▼
Provisions for liabilities and charges160/5€138k€13k▼
Other liabilities and charges164/5€138k€13k▼
Amounts payable17/49€45k€77k▲
Amounts payable within one year42/48€44k€76k▲
Trade debts44€31k€44k▲
Suppliers440/4€31k€44k▲
Taxes, remuneration and social security45€10k€32k▲
Taxes450/3€10k€32k▲
Other amounts payable47/48€2k€55▼
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Remuneration, social security and pensions62€267€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€13k€-125k▼
Other operating charges640/8€248€558▲
Gross operating margin9900€30k€68k▲
Operating profit (loss)9901€14k€189k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€1k€504▼
Recurring financial charges65€1k€504▼
Profit (loss) for the period before taxes9903€15k€192k▲
Income taxes67/77€4k€50k▲
Profit (loss) for the period9904€12k€142k▲
Profit (loss) for the period to be appropriated9905€12k€142k▲
Appropriation of the result
Profit (loss) to be appropriated9906€33k€174k▲
Profit (loss) brought forward from the previous period14P€21k€33k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-11
Financial
Highest result since 2018net €142k ▲1130%
Operating result €189k, net result €142k, both a record.
30-11
Financial
Equity above €200kEq €276k ▲105%
2 profitable years in a row build equity to €276k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
30-11
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-11
Financial
Weakest financial yearnet €-4k ▼106%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 42 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-11
Financial
Liquidity triplescurrent ratio 8.74
Current ratio from 2.98 to 8.74; short-term debt falls from €190k to €54k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Hove · 1 establishment unit since 2003
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.
Bollebeke 12540 HoveGround area
838 m²
Building footprint
159 m²
Volume, LiDAR
844 m³
Parcel 11021B0267/00G000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ibouw
since 20032.132.561.232
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0267/00G000 | Flanders | 838 m² | 1 · 159 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
5 categoriesibouw NV33475
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Of 15,542 companies in sector 43990 we hold annual accounts for 7,421. 5,503 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-08-2003
Fiscal year end30-11
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:patrick.ibens@ibouw.be