Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 43.5 to 38.9.
Financials
Financial year 2025
International Business Company Belgium from Kortrijk, company number BE0440409296, closed financial year 2025 with a result of € -1.7 million after tax. For that financial year International Business Company Belgium recorded revenue of € 6.8 million and equity of € 1 million. Compared with financial year 2024, the result moved from € -883,112 to € -1.7 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 4, 2026.
€ 1 million
▲ 40% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.7 million
▼ 93 % more loss than in 2024
Profit after tax over the fiscal year.
€ 360,268
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1 million.
People and assets in 2025
38.9
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 4% vs 2024
€ 67,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,082
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.2 million
▼ 45% vs 2024
Loans from banks and other lenders, long and short.
€ 819,769
▲ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 59 days on average.
€ 298,337
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 7,783,709 | € 7,588,423 | € 8,162,173 | € 6,755,404 | ▼ 17% |
| Profit after taxes | € -130,270 | € -182,840 | € -883,112 | € -1,702,691 | ▼ € 819,578 |
| Equity | € 1,806,656 | € 1,623,816 | € 740,703 | € 1,038,013 | ▲ 40% |
| Total debts | € 4,099,832 | € 4,232,124 | € 4,894,506 | € 3,318,106 | ▼ 32% |
| Cash | € 465,010 | € 492,331 | € 352,849 | € 360,268 | ▲ 2% |
| Land & buildings | € 116,502 | € 118,509 | € 179,004 | € 182,667 | ▲ 2% |
| Retained profit | € 1,741,656 | € 1,558,816 | € 675,703 | € -1,026,987 | ▼ € 1.7 million |
| Bank debt | € 2,952,286 | € 2,810,428 | € 4,002,542 | € 2,200,000 | ▼ 45% |
| Balance sheet total | € 5,951,383 | € 5,895,159 | € 5,682,252 | € 4,435,844 | ▼ 22% |
| Employees (FTE) | 45.1 | 43.5 | 39.3 | 38.9 | ▼ 0.4 |
Key figures of International Business Company Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 March 2027.
What happened to International Business Company Belgium?
What happened at International Business Company Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.7 million. Source: NBB ↗
- Bieke Verstraete became a director. NBB
- Robert Olieslagers stepped down as director. NBB
- Freek van der Knaap stepped down as director. NBB
- Alexandra Raluca Meier became a director. NBB
- Robert Olieslagers became a director. NBB
- Luc Temmerman became a director. NBB
- Freek van der Knaap became a director. NBB
In short
From € 130,270 loss in 2022 to € 1.7 million loss in 2025.
Paid € 8,196 in corporate taxes since 2022.
Pays suppliers within 59 days on average.
Management
Behind International Business Company Belgium are Luc Temmerman, Alexandra Raluca Meier and Bieke Verstraete. The shares are held by Barry Callebaut Decorations BV (100%).
Directors
According to the 2025 annual accounts
Luc Temmerman
Director
Also active at: Barry Callebaut Belgium NV, Barry Callebaut Services, EUROPE CHOCOLATE COMPANY, CABOSSE NATURALS
since 2023
Alexandra Raluca Meier
Director
since 2024
Bieke Verstraete
Director
since 2025
Freek van der Knaap
Director
since 2023 · until 2025
Robert Olieslagers
Director
since 2024 · until 2025
Shareholders
Barry Callebaut Decorations BV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waterven(Heu) 7
8501 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.409.296
- VAT number
- BE 0440.409.296
- Registered office
- Waterven(Heu) 7, 8501 Kortrijk
- Names & denominations
- International Business Company Belgium · IBC BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 April 1990
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
Vervaardiging van cacao, chocolade en suikerwerk