IBRICK
ActiveSummary
IBRICK has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €708k and a net result of €170k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79=
Solvency60▼-18
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 5.57 in 2024; short-term debt: 30.2% and cash: 35.8% of total assets), and 65.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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
34.9%
Return on assets
8.4%
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 10-07-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
146 d early
2023
44 d early
2022
130 d early
2021
16 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€708k▼ 31.8%
2024 · €1.04M
2021: €611klowest in 5 years
2022: €721k▲ +17.9% vs 2021
2023: €879k▲ +22.0% vs 2022
2024: €1.04M▲ +18.0% vs 2023highest in 5 years
2025: €708k▼ -31.8% vs 2024
2021 → 2025
Total assets
€2.03M▲ 3.1%
2024 · €1.97M
2021: €1.91M
2022: €1.84M▼ -4.0% vs 2021lowest in 5 years
2023: €1.91M▲ +3.9% vs 2022
2024: €1.97M▲ +3.1% vs 2023
2025: €2.03M▲ +3.1% vs 2024highest in 5 years
2021 → 2025
Net result
€170k▲ 7.5%
2024 · €158k
2021: €105klowest in 5 years
2022: €110k▲ +3.8% vs 2021
2023: €158k▲ +44.7% vs 2022
2024: €158k▼ -0.2% vs 2023
2025: €170k▲ +7.5% vs 2024highest in 5 years
2021 → 2025
Working capital
€156k▼ 72.4%
2024 · €566k
2021: €596khighest in 5 years
2022: €366k▼ -38.5% vs 2021
2023: €473k▲ +29.2% vs 2022
2024: €566k▲ +19.7% vs 2023
2025: €156k▼ -72.4% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€611k-€721k▲ 17.9%€879k▲ 22.0%€1.04M▲ 18.0%€708k▼ 31.8%
2021: €611klowest in 5 years
2022: €721k▲ +17.9% vs 2021
2023: €879k▲ +22.0% vs 2022
2024: €1.04M▲ +18.0% vs 2023highest in 5 years
2025: €708k▼ -31.8% vs 2024
Operating result€110k-€116k▲ 5.5%€178k▲ 53.0%€212k▲ 19.2%€226k▲ 6.3%
2021: €110klowest in 5 years
2022: €116k▲ +5.5% vs 2021
2023: €178k▲ +53.0% vs 2022
2024: €212k▲ +19.2% vs 2023
2025: €226k▲ +6.3% vs 2024highest in 5 years
Net result€105k-€110k▲ 3.8%€158k▲ 44.7%€158k▼ 0.2%€170k▲ 7.5%
2021: €105klowest in 5 years
2022: €110k▲ +3.8% vs 2021
2023: €158k▲ +44.7% vs 2022
2024: €158k▼ -0.2% vs 2023
2025: €170k▲ +7.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.03M
Fixed assets
€1.26M ▼ 1.5%
Current assets
€770k ▲ 11.6%
Equity and liabilities €2.03M
Equity
€708k ▼ 31.8%
Debt
€1.32M ▲ 41.8%
Debt's share of the balance-sheet total rises from 47.3% to 65.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€299k▲
2024 · €284k
Cash flow
€244k▲
2024 · €229k
Current ratio
1.25▼
2024 · 5.57
Debt to equity
1.87▲
2024 · 0.90
ROE
24.0%▲
2024 · 15.2%
ROA
8.4%▲
2024 · 8.0%
Interest coverage
57.67▲
2024 · 46.65
Debt ≤ 1 year
€614k▲
2024 · €124k
Debt > 1 year
€708k▼
2024 · €808k
Income taxes
€55k▲
2024 · €52k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.97M€2.03M▲
Fixed assets21/28€1.28M€1.26M▼
Tangible fixed assets22/27€1.28M€1.26M▼
Land and buildings22€1.27M€1.25M▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€2k€828▼
Current assets29/58€690k€770k▲
Amounts receivable within one year40/41€22k€43k▲
Trade receivables40€21k€42k▲
Other amounts receivable41€1k€822▼
Cash at bank and in hand54/58€668k€727k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€1.97M€2.03M▲
Equity10/15€1.04M€708k▼
Contributions10/11€12k€12k=
Reserves13€1.03M€696k▼
Tax-exempt reserves132€6k€6k=
Distributable reserves133€1.02M€690k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€932k€1.32M▲
Amounts payable after more than one year17€808k€708k▼
Financial debts170/4€808k€708k▼
Amounts payable within one year42/48€124k€614k▲
Current portion of amounts payable after more than one year42€100k€100k=
Trade debts44€126€482▲
Suppliers440/4€126€482▲
Taxes, remuneration and social security45€17k€7k▼
Taxes450/3€17k€7k▼
Other amounts payable47/48€7k€507k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€74k▲
Other operating charges640/8€11k€11k▲
Gross operating margin9900€295k€311k▲
Operating profit (loss)9901€212k€226k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€210k€225k▲
Income taxes67/77€52k€55k▲
Profit (loss) for the period9904€158k€170k▲
Profit (loss) for the period to be appropriated9905€158k€170k▲
Appropriation of the result
Profit (loss) to be appropriated9906€158k€170k▲
Transfer from equity791/2-€500k
Transfer to equity691/2€158k€170k▲
To other reserves6921€158k€170k▲
Profit to be distributed694/7-€500k
Return on contributions (dividend)694-€500k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €65k | €69k | €71k | €74k | ▲ 3.2% |
| Other operating charges640/8 | €438 | €10k | €10k | €11k | €11k | ▲ 3.1% |
| Gross operating margin9900 | €131k | €191k | €257k | €295k | €311k | ▲ 5.4% |
| Operating profit (loss)9901 | €110k | €116k | €178k | €212k | €226k | ▲ 6.3% |
| Financial income75/76B | - | €13 | €34 | €4k | €5k | ▲ 21.2% |
| Recurring financial income75 | - | €13 | €34 | €4k | €5k | ▲ 21.2% |
| Financial charges65/66B | €5k | €7k | €7k | €6k | €5k | ▼ 14.6% |
| Recurring financial charges65 | €5k | €7k | €7k | €6k | €5k | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €105k | €110k | €172k | €210k | €225k | ▲ 7.2% |
| Income taxes67/77 | - | - | €13k | €52k | €55k | ▲ 6.0% |
| Profit (loss) for the period9904 | €105k | €110k | €158k | €158k | €170k | ▲ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €105k | €110k | €158k | €158k | €170k | ▲ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.91M | €1.84M | €1.91M | €1.97M | €2.03M | ▲ 3.1% |
| Fixed assets21/28 | €1.12M | €1.36M | €1.31M | €1.28M | €1.26M | ▼ 1.5% |
| Tangible fixed assets22/27 | €1.12M | €1.36M | €1.31M | €1.28M | €1.26M | ▼ 1.5% |
| Land and buildings22 | €1.12M | €1.36M | €1.30M | €1.27M | €1.25M | ▼ 1.3% |
| Plant, machinery and equipment23 | €3k | €6k | €13k | €11k | €9k | ▼ 20.9% |
| Furniture and vehicles24 | - | - | €3k | €2k | €828 | ▼ 60.0% |
| Current assets29/58 | €791k | €476k | €597k | €690k | €770k | ▲ 11.6% |
| Amounts receivable within one year40/41 | €223k | €66k | €40k | €22k | €43k | ▲ 97.1% |
| Trade receivables40 | €17k | €66k | €38k | €21k | €42k | ▲ 104% |
| Other amounts receivable41 | €207k | €106 | €2k | €1k | €822 | ▼ 26.1% |
| Cash at bank and in hand54/58 | €566k | €409k | €546k | €668k | €727k | ▲ 8.8% |
| Deferred charges and accrued income490/1 | €2k | €0 | €11k | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.91M | €1.84M | €1.91M | €1.97M | €2.03M | ▲ 3.1% |
| Equity10/15 | €611k | €721k | €879k | €1.04M | €708k | ▼ 31.8% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €600k | €709k | €868k | €1.03M | €696k | ▼ 32.2% |
| Tax-exempt reserves132 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €594k | €703k | €862k | €1.02M | €690k | ▼ 32.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.30M | €1.12M | €1.03M | €932k | €1.32M | ▲ 41.8% |
| Amounts payable after more than one year17 | €1.11M | €1.01M | €908k | €808k | €708k | ▼ 12.4% |
| Financial debts170/4 | €1.11M | €1.01M | €908k | €808k | €708k | ▼ 12.4% |
| Amounts payable within one year42/48 | €195k | €109k | €123k | €124k | €614k | ▲ 396% |
| Current portion of amounts payable after more than one year42 | €92k | €100k | €100k | €100k | €100k | = |
| Trade debts44 | €90k | €0 | €833 | €126 | €482 | ▲ 282% |
| Suppliers440/4 | €90k | €0 | €833 | €126 | €482 | ▲ 282% |
| Taxes, remuneration and social security45 | €6k | €3k | €16k | €17k | €7k | ▼ 60.3% |
| Taxes450/3 | €6k | €3k | €16k | €17k | €7k | ▼ 60.3% |
| Other amounts payable47/48 | €7k | €7k | €7k | €7k | €507k | ▲ 7,593% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105k | €110k | €158k | €158k | €170k | ▲ 7.5% |
| + Depreciation and write-downs630 | €20k | €65k | €69k | €71k | €74k | ▲ 3.2% |
| Operating cash flow (approximation) | €125k | €175k | €228k | €229k | €244k | ▲ 6.2% |
| Investment in fixed assets (approximation) | - | €-304k | €-21k | €-36k | €-54k | ▼ 48.3% |
| Change in cash | - | €-156k | €136k | €123k | €59k | ▼ 52.2% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €170k ▲7.5%
Operating result €226k, net result €170k, both a record.
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.04M ▲18%
4 profitable years in a row build equity to €1.04M.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wevelgem · 1 establishment unit since 2021
Ground area
2,502 m²
Building footprint
1,976 m²
Volume, LiDAR
10,505 m³
Parcel 34012C0713/00K000, Flanders · tallest building 14.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IBRICK
since 20212.313.566.004
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012C0713/00K000 | Flanders | 2,502 m² | 1 · 1,976 m² | 14.9 m · 2 fl. |
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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,303 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
Founded05-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.