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 3 to 1.8.
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Busy address KBO
114 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
IBF Expertise from Elsene, company number BE0804469005, closed financial year 2025 with a result of € 128,854 after tax. For that financial year IBF Expertise recorded revenue of € 12.2 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 65,695 to € 128,854. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 1.9 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 128,854
▲ 96% vs 2024
Profit after tax over the fiscal year.
€ 150,786
▼ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,771 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
1.8
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 80,227
▼ 91% vs 2024
€ 44,600 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.
€ 3.1 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 94 days on average.
€ 7,186
▼ 14% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 9,337,450 | € 16,735,725 | € 12,219,788 | ▼ 27% |
| Profit after taxes | € -555,477 | € 65,695 | € 128,854 | ▲ 96% |
| Equity | € 1,402,386 | € 1,755,028 | € 1,858,111 | ▲ 6% |
| Total debts | € 549,891 | € 7,041,665 | € 5,669,445 | ▼ 19% |
| Cash | € 10,503 | € 286,790 | € 150,786 | ▼ 47% |
| Retained profit | € 946,506 | € 1,232,975 | € 1,336,058 | ▲ 8% |
| Dividend | € 0 | € 0 | € 25,771 | |
| Balance sheet total | € 1,952,277 | € 8,796,693 | € 7,527,556 | ▼ 14% |
| Employees (FTE) | 3 | 2.2 | 1.8 | ▼ 0.4 |
Key figures of IBF Expertise, 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 Expertise?
What happened at IBF Expertise in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Benjamin Beaudet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 128,854 (▲ 96% vs 2024). Source: NBB ↗
- Benjamin Beaudet 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 € 555,477 loss in 2023 to € 128,854 profit in 2025.
Best year ever: 2025, with € 128,854 profit.
Paid out € 25,771 in dividends to the owners in total.
Pays suppliers within 94 days on average.
Management
The shares are held by CONSULTING LINE (95%) and Frédéric André (5%). It owns 20% of PEN STRATEGY CONSULTING GROUP and 20% of OTIUM CONSULTANCY SERVICES itself.
Directors
According to the 2025 annual accounts
Benjamin Beaudet
Director
since 2026 · until 2029
FREDERIC ANDRE
Director
Owns 5% directly · Holds a stake via CONSULTING LINE
Also active at: IBFInternational Consulting, PRAGMA PLUS, IBF Foundation, The Capacity Building Partnership (CBP), IBF CONNECT, CONSULTING LINE FOR SUSTAINABLE DEVELOPMENT
since 2023 · until 2026
Shareholders
CONSULTING LINE · holding of FREDERIC ANDRE
95%
Frédéric André · director
5%
Participations
PEN STRATEGY CONSULTING GROUP
20%
OTIUM CONSULTANCY SERVICES
20%
Establishments
Establishment units
Physical locations of this company
Louizalaan 209 box A
1050 Elsene
Louizalaan 209/A
1050 Elsene
Active since 1 August 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 114 companies are registered at this address.
All companies at this address →MTKI Group
€ -2,185 gross margin · 2025
ALPHA CENTAURI CONSULTING
€ -1,534 gross margin · 2025
CHORUS RECRUITMENT GROUP
€ 148,840 revenue · 2025
COMMENSALIST
€ 32,816 gross margin · 2025
BCU & CO
€ 264,958 revenue · 2025
+109 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
- 0804.469.005
- VAT number
- BE 0804.469.005
- Registered office
- Louizalaan 209 bus A, 1050 Elsene
- Names & denominations
- IBF Expertise
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 August 2023
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
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