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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Shrinking team NBB
FTE fell two years in a row, from 21.1 to 17.
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Busy address KBO
16 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
Investments, Loans and Consulting from Tubize, company number BE0453185879, closed financial year 2024 with a result of € -803,861 after tax. For that financial year Investments, Loans and Consulting recorded revenue of € 1.9 million and equity of € 2.9 million. Compared with financial year 2023, the result moved from € 6.4 million to € -803,861. The company made a loss. The buffer shrank hard: equity is 58 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2025.
€ 2.9 million
▼ 58% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -803,861
▼ still € 6.4 million profit in 2023
Profit after tax over the fiscal year.
€ 35,925
▼ 92% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.8 million.
People and assets in 2024
17
▼ 2.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 13% vs 2023
€ 70,500 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.
€ 158,234
▼ 4% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 129,691
▼ 46% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 27 days on average.
€ 254,643
▼ 19% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 3,470,205 | € 2,703,060 | € 2,456,835 | € 1,859,545 | ▼ 24% |
| Profit after taxes | € 370,047 | € -14,040 | € 6,378,615 | € -803,861 | ▼ € 7.2 million |
| Equity | € 618,073 | € 604,033 | € 6,982,648 | € 2,898,787 | ▼ 58% |
| Total debts | € 4,148,540 | € 4,545,228 | € 1,076,888 | € 832,411 | ▼ 23% |
| Cash | € 147,272 | € 454,623 | € 455,877 | € 35,925 | ▼ 92% |
| Land & buildings | € 662,768 | € 639,675 | € 565,673 | € 544,702 | ▼ 4% |
| Retained profit | € 556,100 | € 542,060 | € 6,920,675 | € 2,836,814 | ▼ 59% |
| Dividend | € 3,300,000 | € 0 | € 0 | € 3,280,000 | |
| Bank debt | € 367,789 | € 267,117 | € 171,243 | € 0 | ▼ 100% |
| Balance sheet total | € 4,766,613 | € 5,149,261 | € 8,059,536 | € 3,731,198 | ▼ 54% |
| Employees (FTE) | 22.3 | 21.1 | 19.6 | 17 | ▼ 2.6 |
Key figures of Investments, Loans and Consulting, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Investments, Loans and Consulting?
What happened at Investments, Loans and Consulting in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Thierry FRIX stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 803,861 (▼ € 7.2 million vs 2023). Source: NBB ↗
- Thierry FRIX became a director. NBB
- New establishment in Tubize. KBO
- Start of the company according to the CBE. KBO
In short
From € 370,047 profit in 2021 to € 803,861 loss in 2024.
Paid € 185,503 in corporate taxes since 2021.
Best year ever: 2023, with € 6.4 million profit.
Paid out € 6.6 million in dividends to the owners in total.
Management
The shares are held by Developing Initiatives SRL (95%) and Chantal SCHUSTER (5%). It owns 100% of JANSSENS PHILIPPE, 100% of MICHAUX, 45% of I.L. & C. TITRES-SERVICES - AGENCE DE NAMUR, 45% of I.L. & C. - TITRES-SERVICES - AGENCE D'ENGHIEN, 45% of I.L. & C. - TITRES-SERVICES - AGENCE DE JODOIGNE and 45% of I.L. & C. TITRES-SERVICES - AGENCE DE MONS itself.
Directors
According to the 2024 annual accounts
Thierry FRIX
Director, Managing director
Owns 95% via Developing Initiatives SRL
Also active at: JANSSENS PHILIPPE, MICHAUX, DEVELOPING INITIATIVES
since 2020 · until 2030
Shareholders
Developing Initiatives SRL · holding of Thierry FRIX
95%
Chantal SCHUSTER
5%
Participations
100%
100%
Establishments
Establishment units
Physical locations of this company
Rue de l'Atelier 27
1480 Tubize
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 16 companies are registered at this address.
All companies at this address →JANSSENS PHILIPPE same network
€ 11,088 gross margin · 2025
MICHAUX same network
€ 17,200 gross margin · 2025
DEVELOPING INITIATIVES same network
€ 72,000 revenue · 2024
IL&C GROUPE
WISSVIIIN
+11 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.185.879
- VAT number
- BE 0453.185.879
- Registered office
- Rue de l'Atelier 27, 1480 Tubize
- Names & denominations
- Investments, Loans and Consulting · I.L. & C
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 July 1994
- Peppol
- Not registered
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars
Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening
Activiteiten van holdings
Rechtstreekse verzekeringsverrichtingen leven
Holdings