ACTIVE

I.B.A. ENGINEERING

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Financial year 2025 · closed on 31/12/2025
Net result
556,5 k €
+30.6% YoY
Gross margin
3,2 M €
-4.8% YoY
Equity
1,6 M €
+3.6% YoY
Workforce
24,5 ETP
-3.9% YoY

What does I.B.A. ENGINEERING do?

I.B.A. ENGINEERING is a Private limited company incorporated in 1994. Its main activity is: Manufacture of electricity distribution and control apparatus. Its registered office is in Genk. It employs on average 24,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0453.949.310
Incorporation
06/12/1994
Legal form
Private limited company
Registered office
Zuiderring 13
3600 Genk · FlandreSee on map
Contributed capital
27 268,29 €
Latest accounts
31/12/2025
Average workforce
24,5 ETP
Activities (NACE)
27120Manufacture of electricity distribution and control apparatus· main27120Manufacture of electricity distribution and control apparatus31200Manufacture of furniture43211Electrical installation43211Electrical installation45310Wholesale trade of motor vehicle parts and accessories
Joint committees (2)
  • 14901
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin3,2 M €3,4 M €3,1 M €2,6 M €2,5 M €2,5 M €2,1 M €748,1 k €1,2 M €1,0 M €1,0 M €811,9 k €236,2 k €378,0 k €386,0 k €313,5 k €311,0 k €365,0 k €444,0 k €503,9 k €
EBITDA909,6 k €763,7 k €460,5 k €517,6 k €646,7 k €626,8 k €718,1 k €361,4 k €998,7 k €834,2 k €838,6 k €643,5 k €116,3 k €262,0 k €243,6 k €185,2 k €166,0 k €204,9 k €266,2 k €355,1 k €
Operating result840,4 k €706,2 k €413,9 k €476,4 k €595,9 k €574,2 k €630,6 k €323,5 k €940,6 k €783,5 k €778,4 k €595,0 k €98,3 k €238,0 k €220,3 k €155,0 k €141,4 k €180,2 k €234,1 k €323,6 k €
Net result556,5 k €426,3 k €224,7 k €349,4 k €404,1 k €406,4 k €435,3 k €233,5 k €644,2 k €551,7 k €540,7 k €424,0 k €82,7 k €168,5 k €153,1 k €108,5 k €97,3 k €126,0 k €170,7 k €238,2 k €
Balance sheet
Equity1,6 M €1,6 M €1,1 M €1,8 M €1,4 M €1,4 M €999,3 k €564,0 k €2,9 M €2,3 M €1,7 M €1,2 M €770,6 k €688,1 k €699,8 k €547,0 k €438,7 k €431,6 k €430,9 k €430,5 k €
Total assets3,9 M €5,4 M €6,3 M €4,5 M €2,6 M €2,3 M €5,1 M €2,1 M €3,6 M €2,6 M €2,0 M €1,6 M €1,5 M €1,3 M €1,2 M €699,9 k €1,1 M €961,5 k €1,3 M €1,1 M €
Cash2,6 M €236,6 k €464,3 k €775,6 k €457,5 k €556,4 k €662,1 k €609,1 k €1,1 M €1,2 M €987,8 k €405,7 k €241,9 k €297,2 k €83,9 k €96,0 k €105,9 k €125,6 k €376,2 k €260,5 k €
Debts2,3 M €3,8 M €5,2 M €2,7 M €1,2 M €925,8 k €4,1 M €1,5 M €650,3 k €300,2 k €239,1 k €358,8 k €720,9 k €584,7 k €486,7 k €152,2 k €601,6 k €515,8 k €891,0 k €652,6 k €
Other
Workforce24,5 ETP25,5 ETP26,1 ETP24,0 ETP23,2 ETP23,7 ETP20,3 ETP7,2 ETP4,2 ETP4,0 ETP3,6 ETP3,0 ETP3,0 ETP3,0 ETP2,8 ETP2,7 ETP3,3 ETP3,7 ETP4,3 ETP3,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

MITECH

Mandate · 0476.884.959

Represented by IVAN MAENEN

Active

Ended mandates

MITECH

Manager · since 09 juillet 2018 · 0476.884.959

Represented by IVAN MAENEN

Ended
MITECH

Director · since 09 juillet 2018 · 0476.884.959

Represented by IVAN MAENEN

Ended
MITECH

Manager · since 09 juillet 2018 · 0476.884.959

Represented by IVAN MAENEN

Ended
MANIBA

Manager · since 01 octobre 2012 · 0443.716.305

Represented by BETTY JASPERS

Ended
At this address

Other companies at this address

CompanyCBE no.
MITECH● Active
0476.884.959
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/06/202625/06/202525/06/202430/06/202327/06/202203/06/2021
General meeting29/04/202602/05/202502/05/202401/05/202302/05/202218/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/04/202618/06/2026DutchPDF
Abridged model31/12/202402/05/202525/06/2025DutchPDF
Abridged model31/12/202302/05/202425/06/2024DutchPDF
Abridged model31/12/202201/05/202330/06/2023DutchPDF
Abridged model31/12/202102/05/202227/06/2022DutchPDF
Abridged model31/12/202018/03/202103/06/2021DutchPDF
Abridged model31/12/201902/05/202023/06/2020DutchPDF
Abridged model31/12/201802/05/201924/06/2019DutchPDF
Abridged model31/12/201723/05/201829/06/2018DutchPDF
Abridged model31/12/201602/05/201723/06/2017DutchPDF
Abridged model31/12/201502/05/201614/06/2016DutchPDF
Abridged model31/12/201411/05/201529/06/2015DutchPDF
Abridged model31/12/201309/05/201429/06/2014DutchPDF
Abridged model31/12/201210/06/201303/07/2013DutchPDF
Abridged model31/12/201102/05/201226/06/2012DutchPDF
Abridged model31/12/201002/05/201124/06/2011DutchPDF
Abridged model31/12/200924/05/201029/06/2010DutchPDF
Abridged model31/12/200804/05/200925/06/2009DutchPDF
Abridged model31/12/200702/05/200820/06/2008DutchPDF
Abridged model31/12/200602/06/200730/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 7 ended

Active mandates

MITECH

Mandate · 0476.884.959

Represented by IVAN MAENEN

Active

Ended mandates

MITECH

Manager · since 09 juillet 2018 · 0476.884.959

Represented by IVAN MAENEN

Ended
MITECH

Director · since 09 juillet 2018 · 0476.884.959

Represented by IVAN MAENEN

Ended
MITECH

Manager · since 09 juillet 2018 · 0476.884.959

Represented by IVAN MAENEN

Ended
MANIBA

Manager · since 01 octobre 2012 · 0443.716.305

Represented by BETTY JASPERS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2022
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/10/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/11/2005
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025556,5 k €↑
  2. 2024
    Annual accounts 2024426,3 k €↑
  3. 2023
    Annual accounts 2023224,7 k €↓
  4. 2022
    Annual accounts 2022349,4 k €↓
  5. 2021
    Annual accounts 2021404,1 k €↓
  6. 2021
    Name changeIBA Engineering BV
  7. 2020
    Annual accounts 2020406,4 k €↓
  8. 2019
    Annual accounts 2019435,3 k €↑
  9. 2018
    Annual accounts 2018233,5 k €↓
  10. 2017
    Annual accounts 2017644,2 k €↑
  11. 2016
    Annual accounts 2016551,7 k €↑
  12. 2015
    Annual accounts 2015540,7 k €↑
  13. 2014
    Annual accounts 2014424,0 k €↑
  14. 2013
    Annual accounts 201382,7 k €↓
  15. 2012
    Annual accounts 2012168,5 k €↑
  16. 2011
    Annual accounts 2011153,1 k €↑
  17. 2010
    Annual accounts 2010108,5 k €↑
  18. 2009
    Annual accounts 200997,3 k €↓
  19. 2008
    Annual accounts 2008126,0 k €↓
  20. 2007
    Annual accounts 2007170,7 k €↓
  21. 2006
    Annual accounts 2006238,2 k €
  22. 2006
    Name changeI.B.A. ENGINEERING
  23. 06/12/1994
    IncorporationPrivate limited company