Checked.be
Active
BE 0736.479.428Private limited company
IBTISAM
Brugsken 45 ·9100 Sint-Niklaas, Belgium· 6 yrs active
Sector: Washing and cleaning of motor vehicles
(95316)
Conclusion
IBTISAM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 2439 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €61k |
| Net result | €14k |
| Better than sector | 64% |
| Active | 6 yrs |
Financial profile
94
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
100
Solvency
97
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€6k
estimate, not credit advice
Score history
20
2020
51
2021
81
2022
78
2023
100
2024
93
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.37 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.37 (≥ 1.0)
+5
Leverage
Debt/equity 0.84 (< 1.0)
+10
Profitability
ROE 23% (≥ 10%)
+10
Interest coverage
Interest coverage 7.1× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~40% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 54.5% | 39.1% | |
| Net result | €14k | €9k | |
| Equity | €61k | €51k | |
| Gross operating margin | €135k | €40k | |
| Staff costs | €108k | €48k |
€26k
-51.6%
20-25
€14k
-56.5%
20-25
€15k
-56.5%
20-25
€112k
+29.9%
20-25
€61k
+29.9%
20-25
€61k
+45.6%
20-25
5
+10.4%
20-25
€108k
+27.1%
20-25
€7k
-53.3%
20-25
€51k
+29.9%
20-25
€44k
+12.7%
20-25
€7k
-
20-25
2.37
+15.0%
20-25
2.37
+22.6%
20-25
54.5%
0.0%
20-25
0.84
0.0%
20-25
23.0%
-66.5%
20-25
12.5%
-66.5%
20-25
7.11
-67.1%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €26k | €53k | €9k | €16k | €6k |
| Net profit | €14k | €32k | €2k | €11k | €3k |
| Cash flow | €15k | €36k | €6k | €15k | €6k |
| Staff costs | €108k | €85k | €61k | €64k | €80k |
| Income taxes | €7k | €15k | €3k | €63 | - |
| Dividends | - | - | - | - | - |
| Total assets | €112k | €86k | €54k | €50k | €39k |
| Equity | €61k | €47k | €15k | €13k | €2k |
| Debt | €51k | €39k | €40k | €37k | €37k |
| of which ≤ 1y | €44k | €39k | €40k | €37k | €37k |
| of which > 1y | €7k | - | - | - | - |
| Working capital | €61k | €42k | €11k | €7k | €-8k |
| Employees (FTE) | - | 5.3 | 4.8 | 6.4 | 5.2 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.37 | 2.06 | 1.28 | 1.19 | 0.78 |
| Quick ratio | 2.37 | 1.93 | 1.15 | 0.87 | 0.17 |
| Working capital ratio | 54.0% | 48.2% | 20.3% | 14.2% | -21.1% |
| Solvency | 54.5% | 54.5% | 27.0% | 26.0% | 5.3% |
| Debt / equity | 0.84 | 0.84 | 2.70 | 2.85 | 17.78 |
| Long-term debt ratio | 0.11 | - | - | - | - |
| Interest coverage | 7.11 | 21.61 | 38.92 | 17.25 | 12.07 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 12.5% | 37.5% | 3.2% | 21.8% | 7.4% |
| ROE | 23.0% | 68.8% | 11.7% | 83.9% | 138.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €112k | €86k | €54k | €50k | €39k |
| Fixed assets | 21/28 | €7k | €5k | €4k | €6k | €10k |
| Tangible fixed assets | 22/27 | €5k | €5k | €4k | €6k | €10k |
| Financial fixed assets | 28 | €2k | - | - | - | - |
| Current assets | 29/58 | €105k | €81k | €51k | €44k | €29k |
| Stocks & contracts in progress | 3 | - | €5k | €5k | €12k | €23k |
| Amounts receivable within one year | 40/41 | €88k | €45k | €30k | €24k | €214 |
| Cash & bank | 54/58 | €17k | €31k | €14k | €9k | €6k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €112k | €86k | €54k | €50k | €39k |
| Equity | 10/15 | €61k | €47k | €15k | €13k | €2k |
| Contributions / capital | 10/11 | €7k | €7k | €7k | €7k | €7k |
| Accumulated profits (losses) | 14 | €54k | €40k | €8k | €6k | €-5k |
| Amounts payable | 17/49 | €51k | €39k | €40k | €37k | €37k |
| Amounts payable after one year | 17 | €7k | - | - | - | - |
| Amounts payable within one year | 42/48 | €44k | €39k | €40k | €37k | €37k |
| Trade debts payable within one year | 44 | - | €1k | - | €8k | €13k |
| Income statement | ||||||
| Gross operating margin | 9900 | €135k | €141k | €81k | €84k | €88k |
| Operating result | 9901 | €24k | €50k | €5k | €12k | €3k |
| Financial income | 75 | €438 | - | €2 | €120 | €3 |
| Financial charges | 65 | €4k | €2k | €235 | €944 | €515 |
| Result before taxes | 9903 | €21k | €47k | €5k | €11k | €3k |
| Income taxes | 67/77 | €7k | €15k | €3k | €63 | - |
| Net result for the period | 9904 | €14k | €32k | €2k | €11k | €3k |
| Result to be appropriated | 9905 | €14k | €32k | €2k | €11k | €3k |
Legal Structure
| NACE primary | Washing and cleaning of motor vehicles(95316) |
| Legal form | Private limited company(610) |
| Incorporation | 16-10-2019 |
| Status | Active |
| Postal code | 9100 |
Establishment units
IBTISAM
since 20192.295.537.761
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46442C0169/00T003 | Flanders | 5,547 m² | 1 · 843 m² | 14.5 m · 3 fl. |
| 46445D1253/00R000 | Flanders | 172 m² | 1 · 172 m² | 8.0 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
04-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
07-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 341 days late
2024
31-12
Financial
Highest result since 2020net €32k ▲1783%
Operating result €50k, net result €32k, both a record.
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
06-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 128 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Washing and cleaning of motor vehicles95316Non-specialised retail sale with food, beverages or tobacco predominating47110Retail trade47112Full-service restaurants56101Full-service restaurants56111Event catering56210
Names & trade names
| Legal nameNL | IBTISAM |
| AbbreviationNL | CITY HAND CARWASH |
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