IBAL

Active

Private limited companyfounded 198837 yrs activeRue de la Croix du Maïeur(S-B) 1, 7110 La Louvière, BelgiumKBO/BCE: BE 0436.446.847

Summary

IBAL has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.36M and a net result of €60k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 925 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

66 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability47▲+11

Solvency60▲+2

Growth52=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €85k at 30 days acceptable

Liquidity short (current ratio 0.21 against 0.17 in 2024; short-term debt: 18.9% and cash: 2.8% of total assets), and 64.8% of the assets are financed with debt.

How do we compute the score and the probability?

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

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

35.2%

Return on assets

1.6%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 filings

Deviation from the deadline

2025

28 d late

2024

89 d early

2023

1 d early

2022

3 d early

2021

2 d early

2020

16 d early

2019

28 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€60k▲ 145%

2024 · €25k

2018: €82k 2019: €75k 2020: €70k 2021: €61k 2022: €13k 2023: €-24k 2024: €25k

2018 → 2025

Working capital

€-574k▲ 6.4%

2024 · €-613k

2018: €282k 2019: €331k 2020: €211k 2021: €-45k 2022: €207k 2023: €-193k 2024: €-613k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€1.29M-€1.30M▲ 1.0%€1.28M▼ 1.8%€1.30M▲ 1.9%€1.36M▲ 4.6%

Operating result€76k-€64k▼ 16.0%€27k▼ 57.9%€134k▲ 398%€163k▲ 22.0%

Net result€61k-€13k▼ 79.5%€-24k€25k€60k▲ 145%

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €3.87M

96.0%

Fixed assets €3.71M ▼ 2.5%

Current assets €156k ▲ 22.4%

Equity and liabilities €3.87M

35.2%

64.8%

Equity €1.36M ▲ 4.6%

Debt €2.50M ▼ 4.9%

Debt's share of the balance-sheet total falls from 66.9% to 64.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€260k▲

2024 · €244k

Cash flow

€157k▲

2024 · €135k

Current ratio

0.21▲

2024 · 0.17

Quick ratio

0.20▲

2024 · 0.16

Debt to equity

1.84▼

2024 · 2.02

ROE

4.4%▲

2024 · 1.9%

ROA

1.6%▲

2024 · 0.6%

Interest coverage

3.13▲

2024 · 2.01

Debt ≤ 1 year

€729k▼

2024 · €740k

Debt > 1 year

€1.77M▼

2024 · €1.89M

Income taxes

€20k▼

2024 · €23k

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 · 63 lines

Balance sheet Code20242025

Assets

Total assets20/58€3.93M€3.87M▼

Fixed assets21/28€3.81M€3.71M▼

Tangible fixed assets22/27€3.81M€3.71M▼

Land and buildings22€3.79M€3.70M▼

Furniture and vehicles24€14k€10k▼

Financial fixed assets28-€0

Current assets29/58€127k€156k▲

Amounts receivable after more than one year29€2k-

Other amounts receivable291€2k-

Stocks and contracts in progress3€6k€11k▲

Stocks30/36€6k€11k▲

Amounts receivable within one year40/41€4k€30k▲

Trade receivables40€4k€13k▲

Other amounts receivable41-€17k

Current investments50/53€35k€353▼

Cash at bank and in hand54/58€77k€109k▲

Deferred charges and accrued income490/1€3k€5k▲

Equity and liabilities

Total equity and liabilities10/49€3.93M€3.87M▼

Equity10/15€1.30M€1.36M▲

Contributions10/11€300k€300k=

Capital10€300k€300k=

Issued capital100€300k€300k=

Reserves13€1.00M€1.06M▲

Non-distributable reserves130/1€30k€30k=

Legal reserve130€30k€30k=

Tax-exempt reserves132€56k€56k=

Distributable reserves133€916k€977k▲

Provisions and deferred taxes16€0-

Deferred taxes168€0-

Amounts payable17/49€2.63M€2.50M▼

Amounts payable after more than one year17€1.89M€1.77M▼

Financial debts170/4€1.88M€1.75M▼

Other amounts payable178/9€15k€19k▲

Amounts payable within one year42/48€740k€729k▼

Current portion of amounts payable after more than one year42€84k€128k▲

Financial debts43€357k€317k▼

Credit institutions430/8€357k€317k▼

Trade debts44€105k€91k▼

Suppliers440/4€105k€91k▼

Taxes, remuneration and social security45€4k€2k▼

Taxes450/3€4k€2k▼

Other amounts payable47/48€189k€192k▲

Accrued charges and deferred income492/3€26€5k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110k€97k▼

Other operating charges640/8€54k€62k▲

Non-recurring operating charges66A€50k€0▼

Gross operating margin9900€348k€322k▼

Operating profit (loss)9901€134k€163k▲

Financial income75/76B€3k€657▼

Recurring financial income75€3k€657▼

Financial charges65/66B€122k€83k▼

Recurring financial charges65€121k€83k▼

Non-recurring financial charges66B€842€0▼

Profit (loss) for the period before taxes9903€14k€81k▲

Transfer from deferred taxes780€33k€0▼

Income taxes67/77€23k€20k▼

Profit (loss) for the period9904€25k€60k▲

Transfer from tax-exempt reserves789€66k€0▼

Profit (loss) for the period to be appropriated9905€91k€60k▼

Appropriation of the result

Profit (loss) to be appropriated9906€91k€60k▼

Transfer to equity691/2€91k€60k▼

To other reserves6921€91k€60k▼

Social balance

Average headcount (FTE)9087-0.0

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 28 days late

2025

03-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €25k

Net result €25k after one loss-making year.

29-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Weakest financial yearnet €-24k ▼288%

Net result drops to €-24k, the lowest in the series; recovery starts the following year.

27-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

28-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

14-04

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

02-04

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

05-03

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

15-03

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

06-04

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

6 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, La Louvière · 1 establishment unit since 1994

establishment The establishment unit on the map

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 de la Croix du Maïeur(S-B) 17110 La Louvière

Ground area

5,337 m²

Building footprint

1,751 m²

Volume, LiDAR

12,370 m³

2 parcels, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

I.B.A.L.

Rue du Temple(L.L) 57, 7100 La LouvièreNACE 70201

since 19942.043.044.484

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
55042A0600/00R000	Wallonia	5,127 m²	1 · 1,603 m²	7.7 m · 2 fl.
55022A0473/00B010	Wallonia	209 m²	1 · 148 m²	14.2 m · 4 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.

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BE 0753.531.434

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Of 11,222 companies in sector 82100 we hold annual accounts for 3,510. 1,327 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded16-12-1988

Fiscal year end31-12

Activities, NACEBEL 2025

82100Office administrative and support services

Sources

Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation

Extraordinary general meeting

on 16-02-2010 at 18u · at the registered office · published 27-01-2010

Agenda

Rapport du C.A. Approbation comptes annuels. Affectation résultats. Décharge administrateurs. Nominations. Divers. (AOPC1907139/27.01) (2494) PRE PRESS DILS, naamloze vennootschap, Grote Steenweg 3, 2440 GEEL Ondernemingsnummer 0450.442.264 – RPR Turnhout De gewone algemene vergadering zal gehouden worden op de zetel, op 16 februari 2010, om 18 uur. Dagorde : Jaarverslag van de raad van bestuur. Behandeling van de jaarrekening per 30 september 2009. Kwijting aan de bestuurders voor de uitoefening van hun mandaat. De