IBO
ActiveSummary
IBO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €8k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 40% of 13417 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+2
Solvency44▼-3
Growth79▲+17
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.12 in 2024; short-term debt: 61.9% and cash: 29.3% of total assets), and 81.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% 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
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
18.7%
Return on assets
6.1%
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
105 d late
2023
82 d late
2022
61 d early
2021
26 d early
2020
28 d early
2019
126 d early
← 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
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€247k▲ 13.0%
2024 · €219k
2018: €98k
2019: €93k▼ -5.0% vs 2018lowest value
2020: €101k▲ +8.5% vs 2019
2021: €124k▲ +23.0% vs 2020
2022: €163k▲ +31.1% vs 2021
2024: €219k
2025: €247k▲ +13.0% vs 2024highest value
2018 → 2025
EBIT margin
8.5%▲ 3.3pp
2024 · 5.3%
2018: 2.9%lowest value
2019: 4.5%▲ +53.9% vs 2018
2020: 18.2%▲ +306% vs 2019highest value
2021: 5.8%▼ -68.3% vs 2020
2022: 3.4%▼ -40.7% vs 2021
2024: 5.3%
2025: 8.5%▲ +62.2% vs 2024
2018 → 2025
Net result
€8k▲ 589%
2024 · €1k
2018: €1k
2019: €2k▲ +54.8% vs 2018
2020: €15k▲ +585% vs 2019highest in 8 years
2021: €361▼ -97.5% vs 2020
2022: €1k▲ +199% vs 2021
2023: €-1k▼ -197% vs 2022lowest in 8 years
2024: €1k▲ +210% vs 2023
2025: €8k▲ +589% vs 2024
2018 → 2025
Working capital
€13k▲ 330%
2024 · €3k
2018: €-9k
2019: €-2k▲ +74.6% vs 2018
2020: €-6k▼ -170% vs 2019
2021: €-9k▼ -54.0% vs 2020
2022: €-10k▼ -9.1% vs 2021
2023: €-10k▼ -1.0% vs 2022lowest in 8 years
2024: €3k▲ +128% vs 2023
2025: €13k▲ +330% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€124k-€163k▲ 31.1%€219k€247k▲ 13.0%
2021: €124klowest value
2022: €163k▲ +31.1% vs 2021
2024: €219k
2025: €247k▲ +13.0% vs 2024highest value
Equity€15k-€16k▲ 7.2%€15k▼ 6.5%€16k▲ 7.6%€24k▲ 48.9%
2021: €15klowest in 5 years
2022: €16k▲ +7.2% vs 2021
2023: €15k▼ -6.5% vs 2022
2024: €16k▲ +7.6% vs 2023
2025: €24k▲ +48.9% vs 2024highest in 5 years
Operating result€7k-€6k▼ 22.2%€4k▼ 29.7%€12k▲ 194%€21k▲ 83.4%
2021: €7k
2022: €6k▼ -22.2% vs 2021
2023: €4k▼ -29.7% vs 2022lowest in 5 years
2024: €12k▲ +194% vs 2023
2025: €21k▲ +83.4% vs 2024highest in 5 years
Net result€361-€1k▲ 199%€-1k€1k€8k▲ 589%
2021: €361
2022: €1k▲ +199% vs 2021
2023: €-1k▼ -197% vs 2022lowest in 5 years
2024: €1k▲ +210% vs 2023
2025: €8k▲ +589% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 83% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€37k ▼ 22.9%
Current assets
€93k ▲ 247%
Equity and liabilities €130k
Equity
€24k ▲ 48.9%
Debt
€105k ▲ 81.0%
Debt's share of the balance-sheet total rises from 78.2% to 81.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2024 · €22k
Cash flow
€20k▲
2024 · €11k
Current ratio
1.16▲
2024 · 1.12
Quick ratio
1.06▲
2024 · 0.43
Debt to equity
4.35▲
2024 · 3.58
ROE
32.8%▲
2024 · 7.1%
ROA
6.1%▲
2024 · 1.5%
Interest coverage
3.74▼
2024 · 4.93
Debt ≤ 1 year
€80k▲
2024 · €24k
Debt > 1 year
€24k▼
2024 · €34k
Income taxes
€4k▼
2024 · €6k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74k€130k▲
Fixed assets21/28€48k€37k▼
Tangible fixed assets22/27€48k€37k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€40k€33k▼
Current assets29/58€27k€93k▲
Stocks and contracts in progress3€17k€8k▼
Stocks30/36€17k€8k▼
Amounts receivable within one year40/41€6k€47k▲
Trade receivables40€6k€44k▲
Other amounts receivable41€155€3k▲
Cash at bank and in hand54/58€4k€38k▲
Equity and liabilities
Total equity and liabilities10/49€74k€130k▲
Equity10/15€16k€24k▲
Contributions10/11€19k€19k=
Reserves13€936€936=
Non-distributable reserves130/1€936€936=
Reserves not available under the articles1311€936€936=
Profit (loss) carried forward14€-3k€5k▲
Amounts payable17/49€58k€105k▲
Amounts payable after more than one year17€34k€24k▼
Financial debts170/4€34k€24k▼
Amounts payable within one year42/48€24k€80k▲
Current portion of amounts payable after more than one year42€8k€23k▲
Trade debts44€4k€42k▲
Suppliers440/4€4k€42k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€5k€7k▲
Remuneration and social security454/9€5k€4k▼
Other amounts payable47/48€1k€4k▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Turnover70€219k€247k▲
Goods, raw materials, services and sundry goods60/61€205k€221k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€23k€34k▲
Operating profit (loss)9901€12k€21k▲
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€7k€12k▲
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€1k€8k▲
Profit (loss) for the period to be appropriated9905€1k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€5k▲
Profit (loss) brought forward from the previous period14P€-4k€-3k▲
The notes to these accounts (8 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €124k | €163k | - | €219k | €247k | ▲ 13.0% |
| Goods, raw materials, services and sundry goods60/61 | €119k | €147k | - | €205k | €221k | ▲ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €14k | €14k | €10k | €12k | ▲ 16.1% |
| Other operating charges640/8 | €2k | €2k | €1k | €1k | €1k | ▲ 42.0% |
| Gross operating margin9900 | €22k | €21k | €19k | €23k | €34k | ▲ 51.6% |
| Operating profit (loss)9901 | €7k | €6k | €4k | €12k | €21k | ▲ 83.4% |
| Financial income75/76B | - | - | €0 | €2 | €1 | ▼ 57.7% |
| Recurring financial income75 | - | - | €0 | €2 | €1 | ▼ 57.7% |
| Financial charges65/66B | €5k | €4k | €3k | €4k | €9k | ▲ 101% |
| Recurring financial charges65 | €5k | €4k | €3k | €4k | €9k | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €3k | €1k | €1k | €7k | €12k | ▲ 72.8% |
| Income taxes67/77 | €2k | - | €2k | €6k | €4k | ▼ 26.7% |
| Profit (loss) for the period9904 | €361 | €1k | €-1k | €1k | €8k | ▲ 589% |
| Profit (loss) for the period to be appropriated9905 | €361 | €1k | €-1k | €1k | €8k | ▲ 589% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116k | €60k | €65k | €74k | €130k | ▲ 74.0% |
| Fixed assets21/28 | €53k | €42k | €44k | €48k | €37k | ▼ 22.9% |
| Tangible fixed assets22/27 | €53k | €42k | €44k | €48k | €37k | ▼ 22.9% |
| Plant, machinery and equipment23 | €9k | €6k | €6k | €7k | €4k | ▼ 45.2% |
| Furniture and vehicles24 | €699 | €3k | €16k | €40k | €33k | ▼ 18.9% |
| Leasing and similar rights25 | €44k | €33k | €22k | - | - | - |
| Current assets29/58 | €63k | €18k | €22k | €27k | €93k | ▲ 247% |
| Stocks and contracts in progress3 | €3k | €4k | €16k | €17k | €8k | ▼ 50.9% |
| Stocks30/36 | €3k | €4k | €16k | €17k | €8k | ▼ 50.9% |
| Amounts receivable within one year40/41 | €31k | €2k | €4k | €6k | €47k | ▲ 656% |
| Trade receivables40 | €24k | €2k | - | €6k | €44k | ▲ 628% |
| Other amounts receivable41 | €7k | - | €4k | €155 | €3k | ▲ 1,736% |
| Cash at bank and in hand54/58 | €29k | €12k | €2k | €4k | €38k | ▲ 853% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116k | €60k | €65k | €74k | €130k | ▲ 74.0% |
| Equity10/15 | €15k | €16k | €15k | €16k | €24k | ▲ 48.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €936 | €936 | €936 | €936 | €936 | = |
| Non-distributable reserves130/1 | €936 | €936 | €936 | €936 | €936 | = |
| Legal reserve130 | €936 | €936 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €936 | €936 | €936 | = |
| Profit (loss) carried forward14 | €-4k | €-3k | €-4k | €-3k | €5k | ▲ 243% |
| Amounts payable17/49 | €101k | €43k | €50k | €58k | €105k | ▲ 81.0% |
| Amounts payable after more than one year17 | €29k | €16k | €18k | €34k | €24k | ▼ 30.2% |
| Financial debts170/4 | €29k | €16k | €18k | €34k | €24k | ▼ 30.2% |
| Amounts payable within one year42/48 | €72k | €28k | €32k | €24k | €80k | ▲ 236% |
| Current portion of amounts payable after more than one year42 | €15k | €13k | €15k | €8k | €23k | ▲ 183% |
| Trade debts44 | €17k | €9k | €8k | €4k | €42k | ▲ 884% |
| Suppliers440/4 | €17k | €9k | €8k | €4k | €42k | ▲ 884% |
| Advances received on contracts in progress46 | €27k | - | - | - | - | - |
| Taxes, remuneration and social security45 | €10k | €5k | €8k | €10k | €11k | ▲ 10.1% |
| Taxes450/3 | €3k | €5k | €5k | €5k | €7k | ▲ 37.6% |
| Remuneration and social security454/9 | €7k | - | €4k | €5k | €4k | ▼ 20.8% |
| Other amounts payable47/48 | €3k | €452 | €346 | €1k | €4k | ▲ 237% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €361 | €1k | €-1k | €1k | €8k | ▲ 589% |
| + Depreciation and write-downs630 | €13k | €14k | €14k | €10k | €12k | ▲ 16.1% |
| Operating cash flow (approximation) | €14k | €15k | €13k | €11k | €20k | ▲ 75.1% |
| Investment in fixed assets (approximation) | - | €-2k | €-16k | €-14k | €-750 | ▲ 94.7% |
| Change in cash | - | €-18k | €-10k | €2k | €34k | ▲ 1,719% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 105 days late
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 82 days late
2023
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €15k ▲585%
Net result €15k, the highest in the series.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Antwerpen · 1 establishment unit since 1996
Ground area
116 m²
Building footprint
116 m²
Volume, LiDAR
1,539 m³
2 parcels, Flanders · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MURADIM
since 19962.078.754.936
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3712/00T000 | Flanders | 64 m² | 1 · 64 m² | 15.4 m · 4 fl. |
| 11811L3712/00E002 | Flanders | 52 m² | 1 · 52 m² | 17.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.078.754.936
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-10-1996
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.