Equity
€84,044 ▲ 61.7%
IBP has made a profit without a break since 2021.
IBP
Lifetime
7 annual accounts with figures on one time axispeak €51,616 (2025)
€51,616▲ 511%
lowest -€17,703 (2019)
€32,080▲ 562%
peak €84,044 (2025)
€84,044▲ 61.7%
€61,256▲ 108%
Board1 name since 2018
1 directorHEYNS Joris Herman Annie
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €8,454 to €51,616Result from €4,849 to €32,080Equity from €51,964 to €84,044Debts from €29,511 to €61,256Investments €42,710Cash from €6,156 to €10,638
Key points
from the 2025 annual accountsInvestments
€42,710 11.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 130.7% higher than in 2024.
Filings
7 annual accounts 7 late
The 2020 accounts came latest: 180 days after the end of the period.
Checked score
65
Healthy
Financially stronger than 70% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.5%
01-2025: 2.5%● unchanged vs 12-2024
02-2025: 2.5%● unchanged vs 01-2025
03-2025: 2.4%▼ -0.1 percentage points vs 02-2025
04-2025: 2.5%▲ +0.1 percentage points vs 03-2025
05-2025: 2.4%▼ -0.1 percentage points vs 04-2025
06-2025: 2.4%● unchanged vs 05-2025
07-2025: 2.5%▲ +0.1 percentage points vs 06-2025
08-2025: 3.0%▲ +0.5 percentage points vs 07-2025highest value
09-2025: 2.1%▼ -0.9 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.1%● unchanged vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.0%▼ -0.1 percentage points vs 01-2026
03-2026: 1.9%▼ -0.1 percentage points vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 1.9%● unchanged vs 04-2026
06-2026: 1.9%● unchanged vs 05-2026
07-2026: 1.9%● unchanged vs 06-2026
08-2026: 2.2%▲ +0.3 percentage points vs 07-2026
09-2026: 1.6%▼ -0.6 percentage points vs 08-2026
10-2026: 1.4%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Size: total assets €145,301
Sector: Specialised construction activities (NACE 43)
Founded in 2018
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 63% of them on solvency, 48% on liquidity, 82% on profitability and 86% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 26,972 companies had the same profile as IBP has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of IBP itself: 1.4% 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 26,972 companies, not a prediction for IBP. 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 €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.37 (2.58 in 2024), above the usual 1.5. Short-term debt is 20.6% and cash 7.3% of total assets. 42.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
11 days late
2023
97 days late
2022
58 days late
2021
115 days late
2020
180 days late
2019
101 days late
← 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 85 days after 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 September (4 of the last 5 accounts filed within 47 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0699539947
Amendment of the articles · Legal-form change · Resignations & appointments
Gazette deed
Incorporation
Founders: HEYNS Joris Herman Annie and PEETERS Evi · Founding capital of €18,600, €6,200 paid up · Appointment: HEYNS Joris Herman Annie (manager) · published on 05-07-2018 · Gazette deed
First establishment
Vloerwerken Heyns, Beukenlaan 11, Malle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IBP Malle | €145,301 | €51,616 | 57.8% | - |
| Yellow Stone Carpets Geel | €143,322 | €53,050 | 73.4% | - |
| BEN VAN RIEL Brecht | €167,370 | €53,417 | 17.4% | - |
| SPIDER ACCES Sint-Pieters-Leeuw | €150,597 | €52,333 | 45.9% | - |
| TEGEL DESIGN Beringen | €134,146 | €57,275 | 64.2% | - |
| FLOORPRO Houthalen-Helchteren | €151,312 | €56,093 | 92.4% | - |
| Tegelwerken Cuelenaere-Verwilst Maldegem | €163,704 | €47,440 | 58.4% | - |
These companies have the same main activity as IBP: floor and wall tiling (NACE 43331). They are comparable in size and age: total assets between €134,000 and €167,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 03-07-2018Normal situation
- Activity
- Floor and wall tilingNACE 43331and 3 others
- Establishment unit
- 2.277.483.0912390 Malle, since 03-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Insights on IBP
IBP files the micro format. That format states no turnover. The gross margin rose from -€12,075 in 2019 to €51,616 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
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 IBP
- What is the company number of IBP?
- The company number of IBP is 0699.539.947. The VAT number is the same number with BE in front: BE 0699.539.947.
- Where is IBP based?
- The registered office is at Beukenlaan 11, 2390 Malle.Company details
- What does IBP do?
- According to the KBO register, the main activity is floor and wall tiling (NACE 43331).
- What is the legal form of IBP?
- IBP is a private limited company (BV).
- When was IBP founded?
- IBP was founded on 03-07-2018.
- Is IBP still active?
- Yes, IBP is an active enterprise in the KBO register.
- What is the turnover of IBP?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €51,616 and 89 comparable companies (NACE 433). It probably lies between €130,000 and €330,000.Financials
- Is IBP profitable?
- In financial year 2025, IBP made a profit of €32,080.
- Where can I find the annual accounts of IBP?
- IBP filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of IBP due?
- IBP must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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