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IBSEG BOUW

Active
Private limited companyfounded 2017active for 9 yearsTrudostraat 3, 3945 Tessenderlo-Ham, BelgiumKBO/BCE: BE 0678.506.189

From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of IBSEG BOUW is 1.8% (moderate). The 2025 annual accounts show negative equity (-€22,300) and a net result of -€9,477. Equity has been shrinking by about 61% per year since 2021. Its solvency ranks better than 5% of 34,902 sector peers (NACE 43, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 12-07-2017 Normal situation
Activity
Floor and wall tiling NACE 43331
Establishment unit
2.305.070.782 3971 Leopoldsburg, since 12-07-2017
Financial year end
31 December
Peppol
Reachable since 05-04-2026

Board and ownership

Board
  • MUSTAFA IBRAHIMDirector

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.8%
Annual accounts 2025
Gross margin
€3,127
Turnover
≈ €31,000
estimated
Loss
€9,477
▼ 54.9%
Equity
-€22,300
▼ 73.9%
Total assets
€26,513
▼ 12.0%
Staff
≈ 0.1 FTE
estimated
Filed on 19-06-2026, 42 days before the deadlineat the National Bank
Score breakdownraises riskNegative equity -€22,300Loss of €9,477, the second in a row (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskSize: total assets €26,513Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 5% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -84.1% of total assets
Liquidity 3=
short-term debt 184.1% · cash 2.3%
Profitability 2+2
return on assets -35.7%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,674 companies, NACE 43, micro)
Last 24 months 12-2024: 2.8%highest value 01-2025: 1.8%▼ -1.0 percentage point vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 1.8%● unchanged vs 02-2025 04-2025: 1.9%▲ +0.1 percentage points vs 03-2025 05-2025: 1.9%● unchanged vs 04-2025 06-2025: 1.9%● unchanged vs 05-2025 07-2025: 2.0%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.3 percentage points vs 07-2025 09-2025: 2.3%● unchanged vs 08-2025 10-2025: 2.3%● unchanged vs 09-2025 11-2025: 2.3%● unchanged vs 10-2025 12-2025: 2.2%▼ -0.1 percentage points vs 11-2025 01-2026: 2.1%▼ -0.1 percentage points vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.0%▼ -0.1 percentage points vs 04-2026 06-2026: 1.9%▼ -0.1 percentage points vs 05-2026 07-2026: 2.1%▲ +0.2 percentage points vs 06-2026 08-2026: 2.3%▲ +0.2 percentage points vs 07-2026 09-2026: 2.6%▲ +0.3 percentage points vs 08-2026 10-2026: 1.8%▼ -0.8 percentage points vs 09-2026lowest value 11-2026: 1.8%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.3 (0.33 in 2024), below 1. Short-term debt is 184.1% and cash 2.3% of total assets. Equity is negative.
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 3% of them on solvency, 3% on liquidity, 9% on profitability and 6% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €26,513
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€22,300
NBB · annual accounts
raises risk · Loss of €9,477, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2122232425
2021 to 2025 · latest year -€22,300
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 19-06-2026, 42 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
42 days early
2024
20 days early
2023
30 days early
2022
32 days early
2021
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 32 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€22,300 View
  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€9,477 View
  • Caution: Lower solvency than 95% of companies in specialised constructionsector median 46.7% · 34,902 companies -84.1% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

Comparable companies

These companies have the same main activity as IBSEG BOUW: floor and wall tiling (NACE 43331). They are comparable in size and age: total assets between €17,400 and €39,500, founded between 2013 and 2020.

CompanyTotal assetsGross margin
IBSEG BOUW Tessenderlo-Ham€26,513€3,127
DAHIN Carrelages SNC Floreffe€24,397€4,470
Plomberie Fastré-Toussaint Manage€30,351€3,321
CODITA RENOV Braine-le-Château€39,485€2,852
ARS Beringen€34,408€3,025
SU VLOER Leopoldsburg€17,355€4,348
S-N Algemeen vloer-tegelwerken Heusden-Zolder€36,270€1,637
Full comparison

Documents

Annual accounts at the NBB

All 5 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about IBSEG BOUW

What is the company number of IBSEG BOUW?
The company number of IBSEG BOUW is 0678.506.189. The VAT number is the same number with BE in front: BE 0678.506.189.
Where is IBSEG BOUW based?
The registered office is at Trudostraat 3, 3945 Tessenderlo-Ham.Company details
What does IBSEG BOUW do?
According to the KBO register, the main activity is floor and wall tiling (NACE 43331).
What is the legal form of IBSEG BOUW?
The legal form of IBSEG BOUW is Private limited company (BV).
When was IBSEG BOUW founded?
IBSEG BOUW was founded on 12-07-2017.
Is IBSEG BOUW still active?
Yes, IBSEG BOUW is an active enterprise in the KBO register.
What is the turnover of IBSEG BOUW?
The turnover in financial year 2025 is ≈ €31,000. This figure is estimated from the gross margin of €3,127 and 163 comparable companies (NACE 433). It probably lies between €18,000 and €66,000. It is a rough estimate.Financials
Is IBSEG BOUW profitable?
In financial year 2025, IBSEG BOUW made a loss of €9,477.
Where can I find the annual accounts of IBSEG BOUW?
IBSEG BOUW filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of IBSEG BOUW due?
IBSEG BOUW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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