ILLUBEL
ActiveILLUBEL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169k and a net result of €7k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 46% of 13908 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▲+22
Solvency33▼-22
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity short (current ratio 0.82 against 4.06 in 2024), and 75.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 68
lower
← 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
24.8%
Return on assets
1.1%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
6 d late
2023
9 d late
2022
9 d late
2021
31 d late
2020
on the day
2019
21 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€7k
2024 · €-18k
2018: €38k
2019: €11k
2020: €2k
2021: €-10k
2022: €10k
2023: €13k
2024: €-18k
2018 → 2025
Working capital
€-10k
2024 · €21k
2018: €58k
2019: €-27k
2020: €27k
2021: €15k
2022: €7k
2023: €-13k
2024: €21k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€146k-€153k▲ 4.7%€188k▲ 23.2%€166k▼ 12.0%€169k▲ 2.0%
Operating result€2k-€24k▲ 879%€23k▼ 4.0%€8k▼ 67.3%€23k▲ 208%
Net result€-10k-€10k€13k▲ 33.6%€-18k€7k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 208% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €682k
Fixed assets
€637k▼ 7.6%
Current assets
€45k▲ 59.6%
Equity and liabilities €682k
Equity
€169k▲ 2.0%
Debt
€513k▼ 7.0%
The debt ratio falls from 76.9% to 75.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€59k▲
2024 · €44k
Cash flow
€43k▲
2024 · €17k
Solvency
24.8%▲
2024 · 23.1%
Current ratio
0.82▼
2024 · 4.06
Quick ratio
0.79▼
2024 · 3.85
Debt / equity
3.04▼
2024 · 3.33
ROE
4.4%▲
2024 · -11.2%
ROA
1.1%▲
2024 · -2.6%
Interest coverage
2.92▼
2024 · 3.07
Debt
€513k▼
2024 · €552k
Debt ≤ 1 year
€55k▲
2024 · €7k
Debt > 1 year
€454k▼
2024 · €545k
Income taxes
€2▲
2024 · €-13
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€718k€682k▼
Fixed assets21/28€690k€637k▼
Tangible fixed assets22/27€628k€592k▼
Land and buildings22€624k€590k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€62k€45k▼
Current assets29/58€28k€45k▲
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€9k€8k▼
Trade receivables40€0€8k▲
Other amounts receivable41€9k-
Current investments50/53€71€156▲
Cash at bank and in hand54/58€2k€31k▲
Deferred charges and accrued income490/1€16k€5k▼
Equity and liabilities
Total equity and liabilities10/49€718k€682k▼
Equity10/15€166k€169k▲
Contributions10/11€50k€50k=
Reserves13€54k€54k=
Distributable reserves133€54k€54k=
Profit (loss) carried forward14€-18k€-11k▲
Investment grants15€80k€76k▼
Amounts payable17/49€552k€513k▼
Amounts payable after more than one year17€545k€454k▼
Financial debts170/4€518k€435k▼
Other amounts payable178/9€27k€19k▼
Amounts payable within one year42/48€7k€55k▲
Current portion of amounts payable after more than one year42€1k€48k▲
Trade debts44€4k€447▼
Suppliers440/4€4k€447▼
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€280€3k▲
Accrued charges and deferred income492/3€0€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€35k▼
Other operating charges640/8€14k€15k▲
Gross operating margin9900€57k€74k▲
Operating profit (loss)9901€8k€23k▲
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€33k€20k▼
Recurring financial charges65€14k€20k▲
Non-recurring financial charges66B€19k-
Profit (loss) for the period before taxes9903€-19k€7k▲
Income taxes67/77€-13€2▲
Profit (loss) for the period9904€-18k€7k▲
Profit (loss) for the period to be appropriated9905€-18k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-11k▲
Profit (loss) brought forward from the previous period14P-€-18k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
31-12
Financial
Weakest financial yearnet €-18k ▼238%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 4.06
Current ratio from 0.78 to 4.06; short-term debt falls from €58k to €7k.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
31-12
Financial
Equity above €150kEq €153k ▲4.7%
Equity rises from €146k to €153k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.62 to 1.37.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
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.
Directors · office · real estate
Directors
3 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, Seraing · 2 establishment units since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Puits-Marie 794100 SeraingGround area
4,249 m²
Building footprint
1,157 m²
Volume, LiDAR
6,155 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
ILLUBEL
since 20122.213.137.152
ILLUBEL
since 20192.293.382.381
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62096A0229/00Z000 | Wallonia | 3,258 m² | 1 · 564 m² | 8.1 m · 2 fl. |
| 62096A0288/00F006 | Wallonia | 991 m² | 1 · 593 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Legal Entity Identifier
549300P68NQ9SDDGG520
Similar companies · same sector, comparable size
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BIYAN invest
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STURBOIS IMMO
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Group C.M.J. Immobilière
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Of 11,979 companies in sector 68203 we hold annual accounts for 5,948. 4,147 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-2012
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
71121Engineering and related technical consultancy, excluding land surveyors
72101Research and development on biotechnology
72200Scientific research and development
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.