ACTIVE

IBF

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Financial year 2025 · closed on 31/12/2025

Net result

573,3 k €

+3.8% YoY

Gross margin

341,5 k €

+2.9% YoY

Equity

11,7 M €

-0.0% YoY

What does IBF do?

IBF is a Public limited company incorporated in 1990. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.917.647

Incorporation

03/09/1990

Legal form

Public limited company

Registered office

Achter 't hof 1
2040 Antwerpen · FlandreSee on map

Contributed capital

292 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	341,5 k €	+2.9%	331,8 k €	+1.3%	327,5 k €	+10.4%	296,6 k €	+16.3%	255 k €	-10.5%	284,9 k €	+4.0%	274 k €	-13.6%	317 k €	-36.0%	495,3 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	302,1 k €	+2.9%	293,7 k €	+1.0%	290,8 k €	+10.5%	263,1 k €	+19.2%	220,8 k €	-13.0%	253,7 k €	+11.4%	227,8 k €	-23.2%	296,5 k €	-37.4%	473,4 k €	+331%	109,9 k €	+39.0%	79,1 k €	-27.8%	109,5 k €	-36.9%	173,5 k €	-29.9%	247,5 k €	+314%	59,8 k €	-33.8%	90,4 k €	+40.0%	64,6 k €	-21.8%	82,6 k €	-8.5%	90,3 k €	-2.9%	93,1 k €
Operating result	36,4 k €	+186%	12,7 k €	-83.0%	74,6 k €	-69.1%	241,1 k €	+21.3%	198,7 k €	-14.2%	231,6 k €	+12.6%	205,8 k €	-25.0%	274,5 k €	-39.2%	451,4 k €	+414%	87,9 k €	+37.9%	63,7 k €	-35.8%	99,3 k €	-42.1%	171,3 k €	-30.1%	245,2 k €	+328%	57,3 k €	-22.6%	74,1 k €	+79.4%	41,3 k €	-30.4%	59,3 k €	-11.5%	67 k €	-1.4%	68 k €
Net result	573,3 k €	+3.8%	552,3 k €	-31.6%	807,2 k €	-30.0%	1,2 M €	+26.2%	913,7 k €	-2.6%	938,1 k €	+15.6%	811,5 k €	+69.3%	479,3 k €	+39.5%	343,5 k €	-30.8%	496,5 k €	-49.7%	987,9 k €	+54.2%	640,6 k €	-33.0%	956,6 k €	+62.7%	588 k €	+254%	166,2 k €	-68.3%	524,8 k €	-9.2%	578,2 k €	-26.6%	787,3 k €	+72.8%	455,5 k €	+15.0%	395,9 k €
Balance sheet
Equity	11,7 M €	-0.0%	11,7 M €	+0.0%	11,7 M €	+349%	2,6 M €	-0.1%	2,6 M €	-0.1%	2,6 M €	+0.1%	2,6 M €	-0.0%	2,6 M €	+0.0%	2,6 M €	-0.4%	2,6 M €	-0.1%	2,6 M €	+0.4%	2,6 M €	-0.2%	2,6 M €	+0.8%	2,6 M €	+1.6%	2,6 M €	-10.9%	2,9 M €	+1.6%	2,8 M €	+10.4%	2,6 M €	+0.3%	2,5 M €	+0.3%	2,5 M €
Total assets	12,3 M €	+0.2%	12,3 M €	-4.7%	12,9 M €	+240%	3,8 M €	+6.4%	3,6 M €	-1.9%	3,6 M €	+1.3%	3,6 M €	+9.4%	3,3 M €	+2.7%	3,2 M €	-9.3%	3,5 M €	-7.1%	3,8 M €	+12.0%	3,4 M €	-7.5%	3,7 M €	+0.9%	3,6 M €	+4.9%	3,5 M €	+2.1%	3,4 M €	-17.1%	4,1 M €	-1.8%	4,2 M €	+5.0%	4 M €	+5.5%	3,8 M €
Cash	396 k €	+143%	162,7 k €	-66.3%	483,3 k €	-53.6%	1 M €	+31.4%	792,2 k €	-1.6%	804,7 k €	+37.8%	584 k €	+40.8%	414,7 k €	+742%	49,3 k €	+23.6%	39,9 k €	-30.5%	57,4 k €	+5.8%	54,2 k €	+3827%	1,4 k €	-99.6%	382,7 k €	+2209%	16,6 k €	-89.3%	155,3 k €	+89.2%	82,1 k €	+69.5%	48,4 k €	-89.3%	451,6 k €	+269%	122,3 k €
Debts	606,9 k €	+5.4%	575,7 k €	-51.1%	1,2 M €	-0.3%	1,2 M €	+24.0%	951,7 k €	-3.8%	989,6 k €	+4.7%	945,1 k €	+51.2%	625,2 k €	+17.4%	532,7 k €	-36.7%	841,8 k €	-24.6%	1,1 M €	+48.4%	751,7 k €	-26.2%	1 M €	+1.3%	1 M €	+14.1%	881 k €	+78.2%	494,5 k €	-60.2%	1,2 M €	-8.6%	1,4 M €	+17.4%	1,2 M €	+22.5%	944,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 22 ended

Active mandates

INFRA GROEP FRIJTERS

Director · since 01 octobre 2014 · 0465.695.317

Represented by Maria FRIJTERS

Active

Ended mandates

INFRA GROEP FRIJTERS

Managing director · since 20 octobre 2021 · until 21 juin 2026 · 0465.695.317

Represented by Maria FRIJTERS

Ended

INFRA GROEP FRIJTERS

Director · since 14 octobre 2021 · until 16 juin 2026 · 0465.695.317

Represented by Maria Frijters

Ended

INFRA GROEP FRIJTERS

Director · since 14 octobre 2021 · until 16 juin 2026 · 0465.695.317

Represented by Mieke FRIJTERS

Ended

INFRA GROEP FRIJTERS

Managing director · since 18 juin 2019 · until 17 juin 2025 · 0465.695.317

Represented by Maria FRIJTERS

Ended

At this address

Other companies at this address

Company	CBE no.
Burgerlijke maatschap "FFW8N"● Active	0725.748.060
Gst'nKz● Active	1031.423.170
INFRA GROEP FRIJTERS● Active	0465.695.317

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/07/2026	30/06/2025	28/06/2024	30/06/2023	05/07/2022	30/06/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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
Abridged model	31/12/2025	16/06/2026	10/07/2026	Dutch	PDF
Abridged model	31/12/2024	17/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/06/2022	05/07/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	19/06/2018	22/06/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	18/06/2013	30/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	04/07/2011	Dutch	PDF
Full model	31/12/2009	15/06/2010	07/07/2010	Dutch	PDF
Full model	31/12/2008	16/06/2009	06/07/2009	Dutch	PDF
Full model	31/12/2007	17/06/2008	18/07/2008	Dutch	PDF
Full model	31/12/2006	19/06/2007	23/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 22 ended

Active mandates

INFRA GROEP FRIJTERS

Director · since 01 octobre 2014 · 0465.695.317

Represented by Maria FRIJTERS

Active

Ended mandates

INFRA GROEP FRIJTERS

Managing director · since 20 octobre 2021 · until 21 juin 2026 · 0465.695.317

Represented by Maria FRIJTERS

Ended

INFRA GROEP FRIJTERS

Director · since 14 octobre 2021 · until 16 juin 2026 · 0465.695.317

Represented by Maria Frijters

Ended

INFRA GROEP FRIJTERS

Director · since 14 octobre 2021 · until 16 juin 2026 · 0465.695.317

Represented by Mieke FRIJTERS

Ended

INFRA GROEP FRIJTERS

Managing director · since 18 juin 2019 · until 17 juin 2025 · 0465.695.317

Represented by Maria FRIJTERS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2014
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/04/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/07/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/02/2012
ONTSLAGEN - BENOEMINGEN
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 2025573,3 k €↑
2024
Annual accounts 2024552,3 k €↓
2023
Annual accounts 2023807,2 k €↓
2022
Annual accounts 20221,2 M €↑
2021
Annual accounts 2021913,7 k €↓
2021
Name changeIBF
2020
Annual accounts 2020938,1 k €↑
2019
Annual accounts 2019811,5 k €↑
2018
Annual accounts 2018479,3 k €↑
2017
Annual accounts 2017343,5 k €↓
2016
Annual accounts 2016496,5 k €↓
2015
Annual accounts 2015987,9 k €↑
2014
Annual accounts 2014640,6 k €↓
2013
Annual accounts 2013956,6 k €↑
2012
Annual accounts 2012588 k €↑
2011
Annual accounts 2011166,2 k €↓
2010
Annual accounts 2010524,8 k €↓
2009
Annual accounts 2009578,2 k €↓
2008
Annual accounts 2008787,3 k €↑
2007
Annual accounts 2007455,5 k €↑
2006
Annual accounts 2006395,9 k €
2006
Name changeIMMO EN BEHEERSMAATSCHAPPIJ FRIJTERS
03/09/1990
IncorporationPublic 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

IBF

Overview

What does IBF do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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