ACTIVE

I.E.B.

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Financial year 2025 · closed on 31/12/2025

Net result

-13,9 k €

-299.8% YoY

Gross margin

19,5 k €

-41.6% YoY

Equity

412,7 k €

-13.9% YoY

What does I.E.B. do?

I.E.B. is a Private limited company incorporated in 1987. Its main activity is: Specialist medical practice activities. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.666.421

Incorporation

01/12/1987

Legal form

Private limited company

Registered office

Lascheterfeld 2
4700 Eupen · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Joint committees (1)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	19,5 k €	-41.6%	33,4 k €	-23.1%	43,5 k €	-39.2%	71,5 k €	-54.3%	156,5 k €	+25.6%	124,7 k €	-41.9%	214,6 k €	+134%	91,8 k €	+20.1%	76,5 k €	+2.1%	74,9 k €	+9.9%	68,2 k €	-38.4%	110,7 k €	-22.4%	142,6 k €	-20.8%	180,0 k €	+21.6%	148,0 k €	-12.3%	168,7 k €	+89.6%	89,0 k €	-34.1%	134,9 k €
EBITDA	-9,8 k €	-347%	4,0 k €	-73.8%	15,1 k €	-66.0%	44,4 k €	-65.0%	126,8 k €	+34.9%	94,0 k €	-51.0%	191,9 k €	+179%	68,7 k €	+24.5%	55,2 k €	+1.4%	54,4 k €	+12.7%	48,3 k €	-46.3%	89,9 k €	-29.7%	128,0 k €	-22.0%	164,0 k €	+24.4%	131,8 k €	-13.9%	153,1 k €	+115%	71,2 k €	-41.3%	121,2 k €
Operating result	-17,0 k €	-405%	-3,4 k €	-146%	7,3 k €	-82.5%	41,8 k €	-65.0%	119,5 k €	+39.7%	85,5 k €	-53.2%	182,7 k €	+198%	61,4 k €	+31.6%	46,7 k €	+10.2%	42,3 k €	+201%	14,1 k €	-72.0%	50,2 k €	-36.1%	78,7 k €	-34.8%	120,7 k €	+56.4%	77,1 k €	-35.4%	119,4 k €	+225%	36,8 k €	-63.6%	101,0 k €
Net result	-13,9 k €	-300%	6,9 k €	-82.1%	38,7 k €	+436%	-11,5 k €	-111%	106,6 k €	+88.0%	56,7 k €	-45.8%	104,6 k €	+129%	45,7 k €	+83.4%	24,9 k €	-32.3%	36,8 k €	-5.8%	39,1 k €	+22.3%	32,0 k €	-61.0%	81,9 k €	-9.4%	90,4 k €	-5.3%	95,5 k €	+1.5%	94,1 k €	+116%	43,5 k €	-53.0%	92,6 k €
Balance sheet
Equity	412,7 k €	-13.9%	479,6 k €	+1.5%	472,7 k €	+8.9%	434,0 k €	-2.6%	445,5 k €	+31.5%	338,9 k €	+20.1%	282,2 k €	+58.9%	177,6 k €	-60.3%	446,9 k €	+5.9%	422,0 k €	+9.6%	385,1 k €	-2.8%	396,0 k €	+300%	99,1 k €	-76.2%	417,2 k €	+10.7%	376,8 k €	+15.5%	326,3 k €	+19.9%	272,2 k €	-30.0%	388,7 k €
Total assets	433,4 k €	-14.2%	505,0 k €	+3.4%	488,2 k €	+2.0%	478,6 k €	-0.7%	482,2 k €	+25.3%	384,8 k €	+20.3%	320,0 k €	-39.0%	524,6 k €	+12.8%	465,1 k €	+1.4%	458,8 k €	-4.6%	481,1 k €	-5.9%	511,3 k €	-9.0%	561,7 k €	-5.4%	593,7 k €	-6.7%	636,2 k €	+55.3%	409,8 k €	-9.7%	453,7 k €	-1.2%	459,0 k €
Cash	62,7 k €	-35.3%	97,0 k €	+8.3%	89,5 k €	-34.8%	137,3 k €	+42.8%	96,2 k €	-68.8%	308,2 k €	+36.0%	226,6 k €	-45.3%	414,0 k €	+423%	79,1 k €	+105%	38,5 k €	-63.9%	106,7 k €	+18.6%	89,9 k €	-61.6%	234,1 k €	+43.4%	163,3 k €	-4.3%	170,6 k €	+66.8%	102,3 k €	+26.6%	80,8 k €	+7.0%	75,5 k €
Debts	20,3 k €	-18.0%	24,8 k €	+61.5%	15,3 k €	-65.5%	44,5 k €	+27.9%	34,8 k €	-16.7%	41,8 k €	+54.8%	27,0 k €	-92.2%	345,3 k €	+2390%	13,9 k €	-54.3%	30,4 k €	-66.5%	90,6 k €	-20.6%	114,2 k €	-75.1%	458,1 k €	+206%	149,5 k €	-41.3%	254,5 k €	+220%	79,4 k €	-55.7%	179,2 k €	+163%	68,2 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,7 ETP	+16.7%	0,6 ETP	+20.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	+25.0%	0,4 ETP	0.0%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Paul Baltus

Director · since 15 novembre 2023

Active

Ended mandates

Paul Baltus

Director

Ended

Paul Baltus

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/05/2026	08/05/2025	29/08/2024	14/06/2023	06/05/2022	25/05/2021
General meeting	10/04/2026	11/04/2025	12/04/2024	14/04/2023	08/04/2022	30/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	10/04/2026	08/05/2026	German	PDF
Micro model	31/12/2024	11/04/2025	08/05/2025	German	PDF
Micro model	31/12/2023	12/04/2024	29/08/2024	German	PDF
Micro model	31/12/2022	14/04/2023	14/06/2023	German	PDF
Micro model	31/12/2021	08/04/2022	06/05/2022	German	PDF
Micro model	31/12/2020	30/04/2021	25/05/2021	German	PDF
Micro model	31/12/2019	08/09/2020	29/10/2020	German	PDF
Micro model	31/12/2018	12/04/2019	18/07/2019	German	PDF
Micro model	31/12/2017	13/04/2018	07/08/2018	German	PDF
Micro model	31/12/2016	14/04/2017	29/08/2017	German	PDF
Abridged model	31/12/2015	08/04/2016	29/09/2016	French	PDF
Abridged model	31/12/2014	10/04/2015	30/09/2015	German	PDF
Abridged model	31/12/2013	25/09/2014	20/11/2014	French	PDF
Abridged model	31/12/2012	16/09/2013	30/10/2013	French	PDF
Abridged model	31/12/2011	27/09/2012	27/11/2012	French	PDF
Abridged model	31/12/2010	24/10/2011	26/10/2011	French	PDF
Abridged model	31/12/2009	11/10/2010	27/10/2010	French	PDF
Abridged model	31/12/2008	06/10/2009	08/10/2009	French	PDF
Abridged model	31/12/2007	29/09/2008	18/11/2008	French	PDF
Abridged model	31/12/2006	16/08/2007	30/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Paul Baltus

Director · since 15 novembre 2023

Active

Ended mandates

Paul Baltus

Director

Ended

Paul Baltus

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/11/2023
AENDERUNG RECHTSFORM - ENTLASSUNG - ERNENNUNG
PDF
Capital / shares09/04/2018
KAPITAL - AKTIEN
PDF
Capital / shares17/02/2014
KAPITAL - AKTIEN
PDF
Mandates10/11/2005
KAPITAL - AKTIEN - ENTLASSUNG - ERNENNUNG - GENERALVERSAMMLUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-13,9 k €↓
2024
Annual accounts 20246,9 k €↓
2023
Annual accounts 202338,7 k €↑
2022
Annual accounts 2022-11,5 k €↓
2022
Name changeI.E.B
2021
Annual accounts 2021106,6 k €↑
2021
Name changeI.E.B PGMBH
2020
Annual accounts 202056,7 k €↓
2019
Annual accounts 2019104,6 k €↑
2018
Annual accounts 201845,7 k €↑
2017
Annual accounts 201724,9 k €↓
2016
Annual accounts 201636,8 k €↓
2015
Annual accounts 201539,1 k €↑
2014
Annual accounts 201432,0 k €↓
2013
Annual accounts 201381,9 k €↓
2012
Annual accounts 201290,4 k €↓
2011
Annual accounts 201195,5 k €↑
2010
Annual accounts 201094,1 k €↑
2009
Annual accounts 200943,5 k €↓
2008
Annual accounts 200892,6 k €
01/12/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

I.E.B.

Overview

What does I.E.B. do?

Trend over 18 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline