Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IBF CONNECT from Elsene, company number BE0799409662, closed financial year 2025 with a result of € 154,890 after tax. For that financial year IBF CONNECT recorded revenue of € 13.9 million and equity of € 939,182. Compared with financial year 2024, the result moved from € 16,523 to € 154,890. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 26, 2026.
€ 939,182
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 154,890
▲ € 138,367 vs 2024
Profit after tax over the fiscal year.
€ 789,962
▲ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 30,978 paid out
20 % of the profit went to the shareholders, mostly to CONSULTING LINE (95 % of the shares). That is where the money ends up.
People and assets in 2025
3.5
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 452,756
▼ 10% vs 2024
€ 129,400 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 82,481
▲ 33% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 7,005,056 | € 9,285,425 | € 13,871,851 | ▲ 49% |
| Profit after taxes | € 7,983 | € 16,523 | € 154,890 | ▲ € 138,367 |
| Equity | € 798,747 | € 815,270 | € 939,182 | ▲ 15% |
| Total debts | € 2,688,117 | € 6,867,116 | € 5,491,207 | ▼ 20% |
| Cash | € 144,638 | € 684,613 | € 789,962 | ▲ 15% |
| Retained profit | € 614,361 | € 630,884 | € 754,796 | ▲ 20% |
| Dividend | € 0 | € 0 | € 30,978 | |
| Balance sheet total | € 3,486,864 | € 7,682,386 | € 6,430,389 | ▼ 16% |
| Employees (FTE) | 3.7 | 5 | 3.5 | ▼ 1.5 |
Key figures of IBF CONNECT, fiscal years 2023 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 IBF CONNECT?
What happened at IBF CONNECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- PHILIPPE MADRY stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 154,890 (▲ € 138,367 vs 2024). Source: NBB ↗
- PHILIPPE MADRY became a director. NBB
- FREDERIC ANDRE stepped down as director. NBB
- New establishment in Elsene. KBO
- FREDERIC ANDRE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,983 profit in 2023 to € 154,890 profit in 2025.
Paid € 73,675 in corporate taxes since 2023.
Best year ever: 2025, with € 154,890 profit.
Paid out € 30,978 in dividends to the owners in total.
A new publication or filing at IBF CONNECT? 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 shares are held by CONSULTING LINE (95%) and André Frédéric (5%).
Directors
According to the 2025 annual accounts
since 2026 · until 2029
FREDERIC ANDRE
Director
Holds a stake via CONSULTING LINE
Also active at: IBFInternational Consulting, PRAGMA PLUS, IBF Foundation, The Capacity Building Partnership (CBP), IBF Expertise, CONSULTING LINE FOR SUSTAINABLE DEVELOPMENT
since 2023 · until 2026
Shareholders
CONSULTING LINE · holding of FREDERIC ANDRE
95%
André Frédéric
5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 209 A
1050 Elsene
Louizalaan 209 box A
1050 Elsene
Active since 10 March 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Healthcare Communications Europe
€ 63,071 gross margin · 2025
BENISSAY CONSULTING
€ 121,238 gross margin · 2026
MBF CONSULTING
€ 38,767 gross margin · 2025
P2S MANAGEMENT CONSULTING
€ 82,884 gross margin · 2025
Libereco Technologies
€ 68,827 gross margin · 2025
+6 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
- 0799.409.662
- VAT number
- BE 0799.409.662
- Registered office
- Louizalaan 209 A, 1050 Elsene
- Names & denominations
- IBF CONNECT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2023
- Peppol
- Active · Active since 18 Dec 2025
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