Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
-
Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
INDEPENDENT RESEARCH BUREAU EUROPE from Etterbeek, company number BE0429878561, closed financial year 2026 with a result of € -22,425 after tax. For that financial year INDEPENDENT RESEARCH BUREAU EUROPE recorded a gross margin of € -10,393 and equity of € -13,282. Compared with financial year 2025, the result moved from € -36,317 to € -22,425. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 4, 2026.
€ -13,282
▼ € 22,425 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -22,425
▲ 38 % less loss than in 2025
Profit after tax over the fiscal year.
€ 114
▼ 97% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -34,182.
People and assets in 2026
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 331
▼ 34% vs 2025
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 304
▼ 50% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 6,041
▲ € 5,986 vs 2025
Loans from banks and other lenders, long and short.
€ 9,269
▼ 13% vs 2025
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € -2,121 | € -43,313 | € -28,447 | € -10,393 | ▲ € 18,054 |
| Profit after taxes | € -8,530 | € -49,311 | € -36,317 | € -22,425 | ▲ € 13,893 |
| Equity | € 94,771 | € 45,460 | € 9,143 | € -13,282 | ▼ € 22,425 |
| Total debts | € 48,814 | € 28,048 | € 11,072 | € 31,977 | ▲ 189% |
| Cash | € 74,798 | € 20,512 | € 4,218 | € 114 | ▼ 97% |
| Retained profit | € 73,871 | € 24,560 | € -11,757 | € -34,182 | ▼ € 22,425 |
| Bank debt | € 0 | € 0 | € 55 | € 6,041 | ▲ € 5,986 |
| Balance sheet total | € 143,585 | € 73,508 | € 20,215 | € 18,695 | ▼ 8% |
Key figures of INDEPENDENT RESEARCH BUREAU EUROPE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to INDEPENDENT RESEARCH BUREAU EUROPE?
What happened at INDEPENDENT RESEARCH BUREAU EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 22,425. Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,530 loss in 2023 to € 22,425 loss in 2026.
Paid € 319 in corporate taxes since 2023.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind INDEPENDENT RESEARCH BUREAU EUROPE is PETER WILLIS.
Directors
According to the 2026 annual accounts
PETER WILLIS
Director
Establishments
Establishment units
Physical locations of this company
Louis Schmidtlaan 81
1040 Etterbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.878.561
- VAT number
- BE 0429.878.561
- Registered office
- Louis Schmidtlaan 81, 1040 Etterbeek
- Names & denominations
- INDEPENDENT RESEARCH BUREAU EUROPE · I.R.B. EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 November 1986
- Peppol
- Active · Active since 21 Nov 2025
- Activities · NACE
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