IBPLUS
ActiveSummary
IBPLUS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €991,097 and a net result of €129,530. Equity is growing by ~51% per year across the filed fiscal years. Its solvency ranks better than 68% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability61▼-28
Solvency88▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 3.7 against 3.4 in 2024; short-term debt: 13.9% and cash: 5.5% of total assets), and 36.6% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.4%
Return on assets
8.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
46 d early
2023
44 d early
2022
52 d early
2021
51 d early
2020
50 d early
2019
144 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 62 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 company by equity in Aubel, Construction sector#7 company by total assets in Aubel, Construction sector
Equity
€991,097▲ 14.8%
2024 · €863,233
Total assets
€1.6m▲ 2.5%
2024 · €1.5m
Net result
€129,530▼ 48.7%
2024 · €252,693
Working capital
€587,697▲ 11.9%
2024 · €524,989
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
Line20212022202320242025
Operating result€175,793▲ 127%€193,539▲ 10.1%€293,340▲ 51.6%€359,338▲ 22.5%€242,042▼ 32.6%
Net result€120,744▲ 89.9%€132,745▲ 9.9%€202,183▲ 52.3%€252,693▲ 25.0%€129,530▼ 48.7%
Equity€278,104▲ 75.8%€410,049▲ 47.4%€611,400▲ 49.1%€863,233▲ 41.2%€991,097▲ 14.8%
Total assets€1.1m▲ 319%€1.2m▲ 8.8%€1.4m▲ 14.7%€1.5m▲ 11.0%€1.6m▲ 2.5%
Debt€823,125▲ 1,494%€787,781▼ 4.3%€762,563▼ 3.2%€662,233▼ 13.2%€573,246▼ 13.4%
Working capital€167,450▼ 9.1%€224,071▲ 33.8%€352,014▲ 57.1%€524,989▲ 49.1%€587,697▲ 11.9%
Staff (FTE)2.6▲ 4.0%3.5▲ 34.6%4.1▲ 17.1%3.5▼ 14.6%3.5=
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 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€758,938 ▼ 2.9%
Current assets
€805,404 ▲ 8.2%
Equity and liabilities €1.6m
Equity
€991,097 ▲ 14.8%
Debt
€573,246 ▼ 13.4%
Debt's share of the balance-sheet total falls from 43.4% to 36.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€268,224▼
2024 · €382,967
Cash flow
€155,711▼
2024 · €276,322
Current ratio
3.70▲
2024 · 3.40
Quick ratio
3.20▲
2024 · 2.94
Debt to equity
0.58▼
2024 · 0.77
ROE
13.1%▼
2024 · 29.3%
ROA
8.3%▼
2024 · 16.6%
Interest coverage
3.79▼
2024 · 45.04
Debt ≤ 1 year
€217,707▼
2024 · €219,063
Debt > 1 year
€355,530▼
2024 · €438,663
Income taxes
€56,184▼
2024 · €113,062
Staff costs
€199,203▼
2024 · €205,937
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,223 | €500 | €661 | €2,066 | - | - |
| Remuneration, social security and pensions62 | €103,755 | €168,333 | €213,442 | €205,937 | €199,203 | ▼ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,246 | €13,747 | €12,342 | €23,630 | €26,182 | ▲ 10.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€52,784 | - | - | - | - | - |
| Other operating charges640/8 | €943 | €997 | €1,748 | €1,822 | €1,767 | ▼ 3.0% |
| Gross operating margin9900 | €243,954 | €376,616 | €520,872 | €590,726 | €469,193 | ▼ 20.6% |
| Operating profit (loss)9901 | €175,793 | €193,539 | €293,340 | €359,338 | €242,042 | ▼ 32.6% |
| Financial income75/76B | €4,077 | €6,843 | €5,996 | €14,920 | €14,493 | ▼ 2.9% |
| Recurring financial income75 | €4,077 | €6,843 | €5,996 | €14,920 | €14,493 | ▼ 2.9% |
| Financial charges65/66B | €5,497 | €8,438 | €8,001 | €8,502 | €70,821 | ▲ 733% |
| Recurring financial charges65 | €5,497 | €8,438 | €8,001 | €8,502 | €70,821 | ▲ 733% |
| Profit (loss) for the period before taxes9903 | €174,373 | €191,943 | €291,335 | €365,755 | €185,714 | ▼ 49.2% |
| Income taxes67/77 | €53,630 | €59,198 | €89,151 | €113,062 | €56,184 | ▼ 50.3% |
| Profit (loss) for the period9904 | €120,744 | €132,745 | €202,183 | €252,693 | €129,530 | ▼ 48.7% |
| Profit (loss) for the period to be appropriated9905 | €120,744 | €132,745 | €202,183 | €252,693 | €129,530 | ▼ 48.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.2m | €1.4m | €1.5m | €1.6m | ▲ 2.5% |
| Fixed assets21/28 | €716,930 | €725,050 | €757,729 | €781,415 | €758,938 | ▼ 2.9% |
| Tangible fixed assets22/27 | €16,887 | €25,007 | €57,685 | €81,372 | €58,895 | ▼ 27.6% |
| Plant, machinery and equipment23 | €9,478 | €5,319 | €3,178 | €2,222 | €1,455 | ▼ 34.5% |
| Furniture and vehicles24 | €7,409 | €19,688 | €54,507 | €79,149 | €57,440 | ▼ 27.4% |
| Financial fixed assets28 | €700,044 | €700,044 | €700,044 | €700,044 | €700,044 | = |
| Current assets29/58 | €384,299 | €472,780 | €616,234 | €744,051 | €805,404 | ▲ 8.2% |
| Stocks and contracts in progress3 | €92,431 | €120,381 | €57,057 | €99,141 | €109,780 | ▲ 10.7% |
| Stocks30/36 | €18,106 | €17,673 | €16,005 | €16,478 | €38,754 | ▲ 135% |
| Contracts in progress37 | €74,326 | €102,708 | €41,052 | €82,663 | €71,026 | ▼ 14.1% |
| Amounts receivable within one year40/41 | €157,234 | €160,158 | €100,828 | €62,928 | €96,217 | ▲ 52.9% |
| Trade receivables40 | €19,438 | €40,195 | €93,398 | €50,890 | €40,168 | ▼ 21.1% |
| Other amounts receivable41 | €137,796 | €119,963 | €7,430 | €12,037 | €56,049 | ▲ 366% |
| Current investments50/53 | - | - | €200,000 | €200,000 | €509,166 | ▲ 155% |
| Cash at bank and in hand54/58 | €133,942 | €189,943 | €248,514 | €375,637 | €85,846 | ▼ 77.1% |
| Deferred charges and accrued income490/1 | €691 | €2,297 | €9,835 | €6,345 | €4,395 | ▼ 30.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.4m | €1.5m | €1.6m | ▲ 2.5% |
| Equity10/15 | €278,104 | €410,049 | €611,400 | €863,233 | €991,097 | ▲ 14.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €121,000 | €252,000 | €454,000 | €706,600 | €836,130 | ▲ 18.3% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Distributable reserves133 | €119,000 | €250,000 | €454,000 | €706,600 | €836,130 | ▲ 18.3% |
| Profit (loss) carried forward14 | €137,104 | €138,049 | €137,400 | €136,633 | €134,967 | ▼ 1.2% |
| Amounts payable17/49 | €823,125 | €787,781 | €762,563 | €662,233 | €573,246 | ▼ 13.4% |
| Amounts payable after more than one year17 | €606,277 | €539,072 | €498,336 | €438,663 | €355,530 | ▼ 19.0% |
| Financial debts170/4 | €606,277 | €539,072 | €498,336 | €438,663 | €355,530 | ▼ 19.0% |
| Amounts payable within one year42/48 | €216,848 | €248,708 | €264,219 | €219,063 | €217,707 | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €66,337 | €67,204 | €74,566 | €81,741 | €83,132 | ▲ 1.7% |
| Trade debts44 | €14,661 | €10,272 | €8,483 | €3,001 | €1,908 | ▼ 36.4% |
| Suppliers440/4 | €14,661 | €10,272 | €8,483 | €3,001 | €1,908 | ▼ 36.4% |
| Advances received on contracts in progress46 | €103,452 | €127,452 | €135,638 | €88,813 | €103,352 | ▲ 16.4% |
| Taxes, remuneration and social security45 | €31,311 | €42,980 | €44,699 | €44,347 | €27,649 | ▼ 37.7% |
| Taxes450/3 | €30,379 | €35,093 | €29,806 | €19,444 | €19,564 | ▲ 0.6% |
| Remuneration and social security454/9 | €932 | €7,887 | €14,892 | €24,902 | €8,085 | ▼ 67.5% |
| Other amounts payable47/48 | €1,088 | €800 | €833 | €1,162 | €1,666 | ▲ 43.4% |
| Accrued charges and deferred income492/3 | - | - | €8 | €4,508 | €8 | ▼ 99.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,744 | €132,745 | €202,183 | €252,693 | €129,530 | ▼ 48.7% |
| + Depreciation and write-downs630 | €16,246 | €13,747 | €12,342 | €23,630 | €26,182 | ▲ 10.8% |
| Operating cash flow (approximation) | €136,989 | €146,492 | €214,525 | €276,322 | €155,711 | ▼ 43.6% |
| Investment in fixed assets (approximation) | - | -€21,867 | -€45,021 | -€47,316 | -€3,705 | ▲ 92.2% |
| Change in cash | - | €56,001 | €58,570 | €127,124 | -€289,791 | ▼ 328% |
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
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €252,693 ▲25%
Operating result €359,338, net result €252,693, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €611,400 ▲49.1%
6 profitable years in a row build equity to €611,400.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €278,104 ▲75.8%
4 profitable years in a row build equity to €278,104.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €158,160 ▲67.2%
3 profitable years in a row build equity to €158,160.
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Aubel · 1 establishment unit since 2016
Ground area
924 m²
Building footprint
220 m²
Parcel 63003B0677/00Y000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue de Vernantes 38, 4880 Aubel
since 20162.250.799.282
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63003B0677/00Y000 | Wallonia | 924 m² | 1 · 220 m² | - |
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.
Recognitions · licences · registrations
Recognised contractor
1 categoryIBPLUS SRL37225
Legal Entity Identifier
254900A9GVQH9GIFKQ82
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,239. 520 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
Founded18-02-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.