INTELLIBAT
ActiveSummary
INTELLIBAT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,289 and a net result of -€1,270. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-50
Solvency82▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.24 against 1.99 in 2024; short-term debt: 43.4% and cash: 23.9% of total assets), and 43.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
56.6%
Return on assets
-1.1%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
79 d late
2023
23 d early
2022
25 d early
2021
41 d early
2020
109 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 9 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€367,809
2020 · €0
EBIT margin
0.7%
Net result
-€1,270
2024 · €12,185
Working capital
€61,829▼ 1.6%
2024 · €62,842
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€367,809
Operating result€1,874▼ 80.9%€4,853▲ 159%€14,210▲ 193%€19,546▲ 37.5%€2,543▼ 87.0%
Net result-€622below the sector's middle half€3,206within the sector's middle half€8,579within the sector's middle half▲ 168%€12,185within the sector's middle half▲ 42.0%-€1,270below the sector's middle half
EBIT margin0.7%
Equity€42,589within the sector's middle half▼ 1.4%€45,795within the sector's middle half▲ 7.5%€54,374within the sector's middle half▲ 18.7%€66,559within the sector's middle half▲ 22.4%€65,289within the sector's middle half▼ 1.9%
Total assets€97,698within the sector's middle half▲ 16.6%€88,531within the sector's middle half▼ 9.4%€106,910within the sector's middle half▲ 20.8%€130,250within the sector's middle half▲ 21.8%€115,298within the sector's middle half▼ 11.5%
Debt€55,109▲ 35.8%€42,736▼ 22.5%€52,536▲ 22.9%€63,691▲ 21.2%€50,010▼ 21.5%
Working capital€35,117within the sector's middle half▼ 10.0%€40,073within the sector's middle half▲ 14.1%€47,838within the sector's middle half▲ 19.4%€62,842within the sector's middle half▲ 31.4%€61,829within the sector's middle half▼ 1.6%
Solvency43.6%within the sector's middle half▼ 8.0pp51.7%within the sector's middle half▲ 8.1pp50.9%within the sector's middle half▼ 0.9pp51.1%within the sector's middle half▲ 0.2pp56.6%within the sector's middle half▲ 5.5pp
Current ratio1.64within the sector's middle half▼ 0.321.94within the sector's middle half▲ 0.301.91within the sector's middle half▼ 0.031.99within the sector's middle half▲ 0.082.24within the sector's middle half▲ 0.25
Return on assets (ROA)-0.6%below the sector's middle half▼ 5.6pp3.6%within the sector's middle half▲ 4.3pp8.0%within the sector's middle half▲ 4.4pp9.4%within the sector's middle half▲ 1.3pp-1.1%below the sector's middle half▼ 10.5pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 87% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115,298
Fixed assets
€3,460 ▼ 6.9%
Current assets
€111,838 ▼ 11.6%
Equity and liabilities €115,298
Equity
€65,289 ▼ 1.9%
Debt
€50,010 ▼ 21.5%
Debt's share of the balance-sheet total falls from 48.9% to 43.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3,835▼
2024 · €20,848
Cash flow
€21▼
2024 · €13,487
Quick ratio
1.82▲
2024 · 1.65
Debt to equity
0.77▼
2024 · 0.96
ROE
-1.9%▼
2024 · 18.3%
Interest coverage
1.91▼
2024 · 17.61
Debt ≤ 1 year
€50,010▼
2024 · €63,691
Income taxes
€1,801▼
2024 · €6,178
Staff costs
€126,360▲
2024 · €125,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.9%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €367,809 | - |
| Non-recurring operating income76A | - | - | €1,707 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €243,691 | - |
| Remuneration, social security and pensions62 | €60,208 | €94,151 | €106,981 | €125,950 | €126,360 | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €827 | €2,189 | €2,344 | €1,303 | €1,292 | ▼ 0.8% |
| Other operating charges640/8 | €1,243 | €1,622 | €6,003 | €4,921 | €3,386 | ▼ 31.2% |
| Non-recurring operating charges66A | €636 | €744 | - | - | - | - |
| Gross operating margin9900 | €64,787 | €103,560 | €129,538 | €151,719 | €133,581 | ▼ 12.0% |
| Operating profit (loss)9901 | €1,874 | €4,853 | €14,210 | €19,546 | €2,543 | ▼ 87.0% |
| Financial income75/76B | €6 | €151 | €1 | €1 | €0 | ▼ 65.6% |
| Recurring financial income75 | €6 | €151 | €1 | €1 | €0 | ▼ 65.6% |
| Financial charges65/66B | €829 | €1,178 | €1,003 | €1,184 | €2,012 | ▲ 70.0% |
| Recurring financial charges65 | €829 | €1,178 | €1,003 | €1,184 | €2,012 | ▲ 70.0% |
| Profit (loss) for the period before taxes9903 | €1,052 | €3,826 | €13,208 | €18,363 | €531 | ▼ 97.1% |
| Income taxes67/77 | €1,674 | €620 | €4,629 | €6,178 | €1,801 | ▼ 70.8% |
| Profit (loss) for the period9904 | -€622 | €3,206 | €8,579 | €12,185 | -€1,270 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | -€622 | €3,206 | €8,579 | €12,185 | -€1,270 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97,698 | €88,531 | €106,910 | €130,250 | €115,298 | ▼ 11.5% |
| Fixed assets21/28 | €7,471 | €5,722 | €6,536 | €3,717 | €3,460 | ▼ 6.9% |
| Tangible fixed assets22/27 | €4,393 | €5,643 | €4,957 | €2,138 | €1,881 | ▼ 12.0% |
| Plant, machinery and equipment23 | €423 | €1,114 | €560 | €253 | €0 | ▼ 100% |
| Furniture and vehicles24 | €3,969 | €4,529 | €4,397 | €1,886 | €1,881 | ▼ 0.2% |
| Financial fixed assets28 | €3,079 | €79 | €1,579 | €1,579 | €1,579 | = |
| Current assets29/58 | €90,226 | €82,809 | €100,374 | €126,533 | €111,838 | ▼ 11.6% |
| Stocks and contracts in progress3 | €18,800 | €18,600 | €21,500 | €21,500 | €20,841 | ▼ 3.1% |
| Stocks30/36 | €18,800 | €18,600 | €21,500 | €21,500 | €20,841 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €69,997 | €60,296 | €41,734 | €69,860 | €57,435 | ▼ 17.8% |
| Trade receivables40 | €62,022 | €51,022 | €33,781 | €63,725 | €50,848 | ▼ 20.2% |
| Other amounts receivable41 | €7,975 | €9,274 | €7,954 | €6,134 | €6,587 | ▲ 7.4% |
| Cash at bank and in hand54/58 | €461 | €452 | €32,450 | €28,978 | €27,584 | ▼ 4.8% |
| Deferred charges and accrued income490/1 | €968 | €3,462 | €4,690 | €6,195 | €5,979 | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97,698 | €88,531 | €106,910 | €130,250 | €115,298 | ▼ 11.5% |
| Equity10/15 | €42,589 | €45,795 | €54,374 | €66,559 | €65,289 | ▼ 1.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €23,989 | €27,195 | €35,774 | €47,959 | €46,689 | ▼ 2.6% |
| Amounts payable17/49 | €55,109 | €42,736 | €52,536 | €63,691 | €50,010 | ▼ 21.5% |
| Amounts payable within one year42/48 | €55,109 | €42,736 | €52,536 | €63,691 | €50,010 | ▼ 21.5% |
| Current portion of amounts payable after more than one year42 | €561 | €559 | €476 | €374 | €775 | ▲ 107% |
| Financial debts43 | €1,660 | €906 | €0 | - | - | - |
| Credit institutions430/8 | €1,660 | €906 | €0 | - | - | - |
| Trade debts44 | €32,352 | €30,561 | €32,855 | €38,195 | €27,473 | ▼ 28.1% |
| Suppliers440/4 | €32,352 | €30,561 | €32,855 | €38,195 | €27,473 | ▼ 28.1% |
| Taxes, remuneration and social security45 | €20,536 | €10,613 | €19,206 | €25,121 | €21,761 | ▼ 13.4% |
| Taxes450/3 | €6,036 | €3,942 | €6,461 | €10,619 | €7,486 | ▼ 29.5% |
| Remuneration and social security454/9 | €14,499 | €6,670 | €12,745 | €14,502 | €14,275 | ▼ 1.6% |
| Other amounts payable47/48 | €0 | €97 | €0 | - | €0 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€622 | €3,206 | €8,579 | €12,185 | -€1,270 | ▼ 110% |
| + Depreciation and write-downs630 | €827 | €2,189 | €2,344 | €1,303 | €1,292 | ▼ 0.8% |
| Operating cash flow (approximation) | €205 | €5,395 | €10,923 | €13,487 | €21 | ▼ 99.8% |
| Investment in fixed assets (approximation) | - | -€439 | -€3,158 | €1,517 | -€1,034 | ▼ 168% |
| Change in cash | - | -€10 | €31,998 | -€3,471 | -€1,395 | ▲ 59.8% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€1,270
Net result drops to -€1,270, the lowest in the series.
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 79 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3,206
Net result €3,206 after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 109 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €14,846 ▲89.8%
Net result €14,846, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 248 days late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Visé · 1 establishment unit since 2008
Ground area
1,687 m²
Building footprint
64 m²
Volume, LiDAR
933 m³
Parcel 62005A0947/00W000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
INTELLIBAT
since 2008unit no. 2.173.879.173
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62005A0947/00W000 | Wallonia | 1,687 m² | 1 · 64 m² | 9.6 m · 3 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesINTELLIBAT SRLapproval no. 36435
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Of 22,818 companies in this sector we hold annual accounts for 10,343. 8,742 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded25-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0806592315
Also
9925:BE0806592315
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.