Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IBEL from Brussel, company number BE0457983223, closed financial year 2025 with a result of € 267,804 after tax. For that financial year IBEL recorded a gross margin of € -22,250 and equity of € 32.3 million. Compared with financial year 2024, the result moved from € -3 million to € 267,804. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 32.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 267,804
▲ still € 3 million loss in 2024
Profit after tax over the fiscal year.
€ 13,378
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 23.9 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 644,288
▼ 29% vs 2024
Loans from banks and other lenders, long and short.
€ 23,013
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,794
▼ 91% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 74 | € 74 | - | - | |
| Gross margin | € -1,168,332 | € -912,146 | € -880,502 | € -22,250 | ▲ € 858,252 |
| Profit after taxes | € -960,507 | € -629,065 | € -3,036,022 | € 267,804 | ▲ € 3.3 million |
| Equity | € 35,726,440 | € 35,097,375 | € 32,061,353 | € 32,329,157 | ▲ 1% |
| Total debts | € 462,591 | € 238,170 | € 1,314,688 | € 838,324 | ▼ 36% |
| Cash | € 4,849 | € 69,215 | € 180,957 | € 13,378 | ▼ 93% |
| Land & buildings | € 12,500 | - | - | - | |
| Retained profit | € 27,328,693 | € 26,699,628 | € 23,663,605 | € 23,931,409 | ▲ 1% |
| Bank debt | € 0 | € 0 | € 908,834 | € 644,288 | ▼ 29% |
| Balance sheet total | € 36,189,031 | € 35,335,545 | € 33,376,041 | € 33,167,480 | ▼ 1% |
Key figures of IBEL, 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 July 2027.
What happened to IBEL?
What happened at IBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Marie Laurent Josi stepped down as director. NBB
- Jean-Victor Laurent stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 267,804. Source: NBB ↗
- Xavier de Walque stepped down as director. NBB
- Jean-Victor Laurent became a director. NBB
- Jean-Marie Laurent Josi became a director. NBB
- Xavier de Walque became a director. NBB
- New establishment in Brussel. KBO
In short
From € 960,507 loss in 2022 to € 267,804 profit in 2025.
Best year ever: 2025, with € 267,804 profit.
A new publication or filing at IBEL? We notify you, reason included.
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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
The stake of COMPAGNIE BENELUX PARTICIPATIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IBELThe shares are held by COMPAGNIE BENELUX PARTICIPATIONS (100%). It owns 100% of IBEL GMBH itself.
Directors
According to the 2025 annual accounts
Jean-Marie Laurent Josi
Director
since 2025 · until 2028
since 2025 · until 2026
since 2026 · until 2028
Shareholders
Participations
IBEL GMBH
100%
Establishments
Establishment units
Physical locations of this company
Kanselarijstraat 2 box 3
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →SOCIETE ANONYME MOSANE same network
€ -9,754 gross margin · 2025
COMPAGNIE BENELUX PARTICIPATIONS same network
€ 205,075 revenue · 2025
COBID same network
€ -6,760 gross margin · 2025
COBIC
€ 7,320 gross margin · 2025
COBIA
€ -6,760 gross margin · 2025
+12 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
- 0457.983.223
- VAT number
- BE 0457.983.223
- Registered office
- Kanselarijstraat 2 bus 3, 1000 Brussel
- Names & denominations
- IBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 May 1996
- Peppol
- Active · Active since 21 Aug 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Verstrekken van hypothecair krediet