IBUS
ActiveSummary
IBUS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-107k) and a net result of €4k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 8% of 11389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+30
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.15 against 1.87 in 2024; short-term debt: 38.1% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-134%
Return on assets
4.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 11389 sector peers (2025).
NBB · sector comparisonPosition among 11389 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
2023
31 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
28 d late
← 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, micro schema
Equity
€-107k▲ 3.5%
2024 · €-111k
2018: €-186klowest in 8 years
2019: €-174k▲ +6.1% vs 2018
2020: €-170k▲ +2.4% vs 2019
2021: €-138k▲ +18.8% vs 2020
2022: €-128k▲ +7.1% vs 2021
2023: €-104k▲ +19.1% vs 2022highest in 8 years
2024: €-111k▼ -6.6% vs 2023
2025: €-107k▲ +3.5% vs 2024
2018 → 2025
Total assets
€80k▲ 0.2%
2024 · €80k
2018: €37klowest in 8 years
2019: €49k▲ +31.9% vs 2018
2020: €92k▲ +88.9% vs 2019
2021: €156k▲ +69.1% vs 2020highest in 8 years
2022: €122k▼ -21.9% vs 2021
2023: €119k▼ -2.3% vs 2022
2024: €80k▼ -33.3% vs 2023
2025: €80k▲ +0.2% vs 2024
2018 → 2025
Net result
€4k
2024 · €-7k
2018: €12k
2019: €11k▼ -6.9% vs 2018
2020: €4k▼ -62.6% vs 2019
2021: €32k▲ +652% vs 2020highest in 8 years
2022: €10k▼ -69.3% vs 2021
2023: €24k▲ +149% vs 2022
2024: €-7k▼ -128% vs 2023lowest in 8 years
2025: €4k▲ +156% vs 2024
2018 → 2025
Working capital
€35k▲ 38.0%
2024 · €25k
2018: €-71klowest in 8 years
2019: €-59k▲ +16.1% vs 2018
2020: €20k▲ +133% vs 2019
2021: €34k▲ +74.8% vs 2020
2022: €38k▲ +9.7% vs 2021
2023: €46k▲ +22.4% vs 2022highest in 8 years
2024: €25k▼ -45.6% vs 2023
2025: €35k▲ +38.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-138k-€-128k▲ 7.1%€-104k▲ 19.1%€-111k▼ 6.6%€-107k▲ 3.5%
2021: €-138klowest in 5 years
2022: €-128k▲ +7.1% vs 2021
2023: €-104k▲ +19.1% vs 2022highest in 5 years
2024: €-111k▼ -6.6% vs 2023
2025: €-107k▲ +3.5% vs 2024
Operating result€33k-€12k▼ 63.3%€27k▲ 120%€-5k€6k
2021: €33khighest in 5 years
2022: €12k▼ -63.3% vs 2021
2023: €27k▲ +120% vs 2022
2024: €-5k▼ -118% vs 2023lowest in 5 years
2025: €6k▲ +227% vs 2024
Net result€32k-€10k▼ 69.3%€24k▲ 149%€-7k€4k
2021: €32khighest in 5 years
2022: €10k▼ -69.3% vs 2021
2023: €24k▲ +149% vs 2022
2024: €-7k▼ -128% vs 2023lowest in 5 years
2025: €4k▲ +156% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80k
Fixed assets
€15k ▼ 42.6%
Current assets
€65k ▲ 20.3%
Key figures and ratios
EBITDA
€17k▲
2024 · €6k
Cash flow
€15k▲
2024 · €4k
Solvency
-134.0%▲
2024 · -139.1%
Current ratio
2.15▲
2024 · 1.87
Quick ratio
0.04▼
2024 · 0.07
Debt to equity
-1.75▼
2024 · -1.72
ROA
4.9%▲
2024 · -8.6%
Interest coverage
12.00▲
2024 · 4.44
Debt
€186k▼
2024 · €190k
Debt ≤ 1 year
€30k▲
2024 · €29k
Debt > 1 year
€156k▼
2024 · €161k
Income taxes
€726▼
2024 · €763
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€80k€80k▲
Fixed assets21/28€25k€15k▼
Tangible fixed assets22/27€24k€13k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€22k€12k▼
Financial fixed assets28€2k€2k=
Current assets29/58€54k€65k▲
Stocks and contracts in progress3€52k€64k▲
Stocks30/36€52k€64k▲
Amounts receivable within one year40/41€2k€616▼
Trade receivables40€2k€616▼
Deferred charges and accrued income490/1-€565
Equity and liabilities
Total equity and liabilities10/49€80k€80k▲
Equity10/15€-111k€-107k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-129k€-125k▲
Amounts payable17/49€190k€186k▼
Amounts payable after more than one year17€161k€156k▼
Financial debts170/4€161k€156k▼
Amounts payable within one year42/48€29k€30k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Financial debts43€9k€10k▲
Credit institutions430/8€9k€10k▲
Trade debts44€5k-
Suppliers440/4€5k-
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Other amounts payable47/48€6k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€15k€19k▲
Gross operating margin9900€21k€36k▲
Operating profit (loss)9901€-5k€6k▲
Financial income75/76B€1€2▲
Recurring financial income75€1€2▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-6k€5k▲
Income taxes67/77€763€726▼
Profit (loss) for the period9904€-7k€4k▲
Profit (loss) for the period to be appropriated9905€-7k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-129k€-125k▲
Profit (loss) brought forward from the previous period14P€-122k€-129k▼
The notes to these accounts (7 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 | €522 | €9k | €11k | €11k | €11k | = |
| Other operating charges640/8 | €12k | €19k | €18k | €15k | €19k | ▲ 28.0% |
| Gross operating margin9900 | €45k | €40k | €56k | €21k | €36k | ▲ 71.2% |
| Operating profit (loss)9901 | €33k | €12k | €27k | €-5k | €6k | ▲ 227% |
| Financial income75/76B | - | €1 | - | €1 | €2 | ▲ 157% |
| Recurring financial income75 | - | €1 | - | €1 | €2 | ▲ 157% |
| Financial charges65/66B | €862 | €2k | €1k | €1k | €1k | ▲ 2.2% |
| Recurring financial charges65 | €862 | €2k | €1k | €1k | €1k | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €32k | €10k | €25k | €-6k | €5k | ▲ 175% |
| Income taxes67/77 | €151 | €657 | €787 | €763 | €726 | ▼ 4.9% |
| Profit (loss) for the period9904 | €32k | €10k | €24k | €-7k | €4k | ▲ 156% |
| Profit (loss) for the period to be appropriated9905 | €32k | €10k | €24k | €-7k | €4k | ▲ 156% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156k | €122k | €119k | €80k | €80k | ▲ 0.2% |
| Fixed assets21/28 | €44k | €45k | €36k | €25k | €15k | ▼ 42.6% |
| Tangible fixed assets22/27 | €42k | €44k | €35k | €24k | €13k | ▼ 45.7% |
| Plant, machinery and equipment23 | - | €669 | €2k | €2k | €1k | ▼ 29.9% |
| Furniture and vehicles24 | €42k | €43k | €33k | €22k | €12k | ▼ 46.8% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €112k | €77k | €83k | €54k | €65k | ▲ 20.3% |
| Stocks and contracts in progress3 | €97k | €74k | €83k | €52k | €64k | ▲ 22.4% |
| Stocks30/36 | €97k | €74k | €83k | €52k | €64k | ▲ 22.4% |
| Amounts receivable within one year40/41 | €6k | €3k | €336 | €2k | €616 | ▼ 67.8% |
| Trade receivables40 | €6k | €3k | €269 | €2k | €616 | ▼ 67.8% |
| Other amounts receivable41 | €53 | €20 | €67 | - | - | - |
| Cash at bank and in hand54/58 | €10k | - | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €565 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156k | €122k | €119k | €80k | €80k | ▲ 0.2% |
| Equity10/15 | €-138k | €-128k | €-104k | €-111k | €-107k | ▲ 3.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-157k | €-147k | €-122k | €-129k | €-125k | ▲ 3.0% |
| Amounts payable17/49 | €294k | €250k | €223k | €190k | €186k | ▼ 2.0% |
| Amounts payable after more than one year17 | €216k | €211k | €186k | €161k | €156k | ▼ 3.2% |
| Financial debts170/4 | €216k | €211k | €186k | €161k | €156k | ▼ 3.2% |
| Amounts payable within one year42/48 | €78k | €39k | €37k | €29k | €30k | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €5k | €5k | ▲ 1.4% |
| Financial debts43 | - | €5k | €5k | €9k | €10k | ▲ 1.6% |
| Credit institutions430/8 | - | €5k | €5k | €9k | €10k | ▲ 1.6% |
| Trade debts44 | €5k | €4k | €16k | €5k | - | - |
| Suppliers440/4 | €5k | €4k | €16k | €5k | - | - |
| Taxes, remuneration and social security45 | €6k | €9k | €9k | €4k | €8k | ▲ 108% |
| Taxes450/3 | €6k | €9k | €9k | €4k | €8k | ▲ 108% |
| Other amounts payable47/48 | €62k | €16k | €1k | €6k | €8k | ▲ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €10k | €24k | €-7k | €4k | ▲ 156% |
| + Depreciation and write-downs630 | €522 | €9k | €11k | €11k | €11k | = |
| Operating cash flow (approximation) | €33k | €18k | €35k | €4k | €15k | ▲ 271% |
| Investment in fixed assets (approximation) | - | €-10k | €-2k | €0 | €0 | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €32k ▲652%
Operating result €33k, net result €32k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.27
Current ratio from 0.45 to 1.27; short-term debt falls from €108k to €72k.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 69 days late
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 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, Oostende · 1 establishment unit since 2003
Ground area
606 m²
Building footprint
603 m²
Volume, LiDAR
15,733 m³
Parcel 35013A1598/00M008, Flanders · tallest building 33.9 m, ±10 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
iBus
since 20032.134.347.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1598/00M008 | Flanders | 606 m² | 1 · 603 m² | 33.9 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector and region
Douchy Wijnen
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OLDIES & GOLDIES TRADING
BE 0734.506.170
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TARANARTOS
BE 0778.272.471
Oostende
THE WINE GALLERY
BE 1034.762.742
Oostende
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,049 companies in sector 46341 we hold annual accounts for 535. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
Scores and ratios are computed by Checked and are not a credit decision.