IBEL
0457.983.223 · rovalta.com · 23/09/2026
ACTIVE
IBEL
Financial year 2025 · closed on 31/12/2025
Net result
267,8 k €
+108.8% YoY
Gross margin
-22,3 k €
+97.5% YoY
Equity
32,3 M €
+0.8% YoY
Workforce
0,0 ETP
Overview
What does IBEL do?
IBEL is a Public limited company incorporated in 1996. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0457.983.223
Incorporation
20/05/1996
Legal form
Public limited company
Registered office
Rue de la Chancellerie 2 box 3
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
8 397 747,59 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
Signals
ProfitableSolid equityPositive cashflowHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -22,3 k € | +97.5% | -880,5 k € | +3.5% | -912,1 k € | +21.9% | -1,2 M € | -19.9% | -974 k € | -197% | 1 M € | +291% | -528,5 k € | -1213% | 47,5 k € | +186% | -55 k € | -750% | -6,5 k € | – | – | – | – | – | – | – | – | – | |||||||||
| EBITDA | -38,7 k € | +98.9% | -3,5 M € | -285% | -914 k € | +22.6% | -1,2 M € | -21.1% | -975,7 k € | -220% | 814,2 k € | +254% | -530,1 k € | -1254% | 45,9 k € | +181% | -56,5 k € | -606% | -8 k € | +20.9% | -10,1 k € | +8.9% | -11,1 k € | +41.2% | -18,9 k € | +30.2% | -27 k € | -82.4% | -14,8 k € | -16.7% | -12,7 k € | -23.4% | -10,3 k € | +49.0% | -20,2 k € | -58.8% | -12,7 k € |
| Operating result | -38,7 k € | +98.9% | -3,5 M € | -285% | -914,5 k € | +22.6% | -1,2 M € | -21.1% | -976,2 k € | -220% | 813,7 k € | +253% | -530,4 k € | -1255% | 45,9 k € | +181% | -56,5 k € | -606% | -8 k € | +20.9% | -10,1 k € | +8.9% | -11,1 k € | +41.2% | -18,9 k € | +30.2% | -27 k € | -82.4% | -14,8 k € | -16.7% | -12,7 k € | -23.4% | -10,3 k € | +49.2% | -20,3 k € | -58.4% | -12,8 k € |
| Net result | 267,8 k € | +109% | -3 M € | -383% | -629,1 k € | +34.5% | -960,5 k € | -26.3% | -760,6 k € | -183% | 918 k € | +8877% | 10,2 k € | -99.0% | 1 M € | +44.5% | 699,1 k € | -15.7% | 829 k € | +1171% | 65,2 k € | -58.2% | 156,1 k € | -95.1% | 3,2 M € | -30.6% | 4,6 M € | +215% | 1,4 M € | +877% | 148,4 k € | -92.6% | 2 M € | +50.0% | 1,3 M € | -84.7% | 8,8 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 32,3 M € | +0.8% | 32,1 M € | -8.7% | 35,1 M € | -1.8% | 35,7 M € | -2.6% | 36,7 M € | -2.0% | 37,4 M € | +2.5% | 36,5 M € | +0.0% | 36,5 M € | -70.2% | 122,5 M € | +0.6% | 121,8 M € | +0.7% | 121 M € | +0.1% | 120,9 M € | +0.1% | 120,8 M € | +2.7% | 117,6 M € | +4.0% | 113 M € | +1.3% | 111,6 M € | +0.1% | 111,4 M € | +1.8% | 109,4 M € | +1.2% | 108,1 M € |
| Total assets | 33,2 M € | -0.6% | 33,4 M € | -5.5% | 35,3 M € | -2.4% | 36,2 M € | -2.9% | 37,3 M € | -3.3% | 38,5 M € | +0.5% | 38,3 M € | -69.0% | 123,7 M € | +0.8% | 122,7 M € | +0.6% | 122 M € | +0.7% | 121,2 M € | +0.1% | 121,1 M € | +0.1% | 121 M € | +2.6% | 117,9 M € | +3.7% | 113,6 M € | +1.3% | 112,2 M € | +0.1% | 112 M € | +1.8% | 110 M € | +0.1% | 109,9 M € |
| Cash | 13,4 k € | -92.6% | 181 k € | +161% | 69,2 k € | +1327% | 4,8 k € | -92.3% | 63,1 k € | -77.9% | 285,7 k € | +209% | 92,3 k € | -56.6% | 213 k € | +19856% | 1,1 k € | -93.8% | 17,3 k € | +2128% | 778,4 € | -83.5% | 4,7 k € | -99.7% | 1,5 M € | +13609% | 10,7 k € | +541% | 1,7 k € | -20.4% | 2,1 k € | +220% | 657,7 € | -42.4% | 1,1 k € | -18.0% | 1,4 k € |
| Debts | 838,3 k € | -36.2% | 1,3 M € | +452% | 238,2 k € | -48.5% | 462,6 k € | -19.6% | 575,1 k € | -46.9% | 1,1 M € | -40.1% | 1,8 M € | -97.9% | 87,2 M € | +50280% | 173 k € | +0.1% | 172,8 k € | -0.1% | 172,9 k € | -0.2% | 173,2 k € | +0.2% | 172,9 k € | -0.7% | 174,1 k € | -1.5% | 176,7 k € | -0.4% | 177,4 k € | -0.3% | 177,9 k € | -1.0% | 179,8 k € | -0.3% | 180,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 0,0 ETP | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 31 ended
Active mandates
Jean-Victor Laurent
ActiveJean-Marie Laurent Josi
ActiveXavier de Walque
ActiveEnded mandates
Felix HAUSER
EndedJean-Marie Laurent Josi
EndedJean-Marie LAURENT JOSI
EndedXavier DE WALQUE
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
2Arion5● Active | 1022.048.418 |
2Erebus4● Active | 1009.708.929 |
Athena 2022● Active | 0793.693.194 |
Athena NL 2022● Active | 0799.396.695 |
CCI Athena 2023● Active | 0798.326.529 |
CCI Athena 2024● Active | 1010.832.743 |
CCI Athena 2026● Active | 1040.173.362 |
COBEHOLD● Active | 0864.503.095 |
COBIA● Active | 0553.574.149 |
COBIB● Active | 0820.318.310 |
COBIC● Active | 0425.949.467 |
COBID● Active | 0414.248.396 |
COBIUS● Active | 0639.726.876 |
COMPAGNIE BENELUX PARTICIPATIONS● Active | 0403.233.750 |
Cosperity● Active | 0799.376.109 |
SOCIETE ANONYME MOSANE● Active | 0401.638.002 |
Source22● Active | 0786.726.517 |
Financials
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 | 25/06/2026 | 10/06/2025 | 11/06/2024 | 07/06/2023 | 09/06/2022 | 10/06/2021 |
| General meeting | 02/06/2026 | 03/06/2025 | 04/06/2024 | 06/06/2023 | 07/06/2022 | 26/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 02/06/2026 | 25/06/2026 | French | |
| Abridged model | 31/12/2024 | 03/06/2025 | 10/06/2025 | French | |
| Abridged model | 31/12/2023 | 04/06/2024 | 11/06/2024 | French | |
| Abridged model | 31/12/2022 | 06/06/2023 | 07/06/2023 | French | |
| Abridged model | 31/12/2021 | 07/06/2022 | 09/06/2022 | French | |
| Abridged model | 31/12/2020 | 26/05/2021 | 10/06/2021 | French | |
| Abridged model | 31/12/2019 | 27/05/2020 | 08/06/2020 | French | |
| Abridged model | 31/12/2018 | 29/05/2019 | 05/06/2019 | French | |
| Abridged model | 31/12/2017 | 30/05/2018 | 05/06/2018 | French | |
| Abridged model | 31/12/2016 | 31/05/2017 | 07/06/2017 | French | |
| Full model | 31/12/2015 | 25/05/2016 | 08/06/2016 | French | |
| Full model | 31/12/2014 | 27/05/2015 | 03/06/2015 | French | |
| Full model | 31/12/2013 | 28/05/2014 | 16/06/2014 | French | |
| Full model | 31/12/2012 | 29/05/2013 | 05/06/2013 | French | |
| Full model | 31/12/2011 | 30/05/2012 | 20/06/2012 | French | |
| Full model | 31/12/2010 | 25/05/2011 | 30/05/2011 | French | |
| Full model | 31/12/2009 | 26/05/2010 | 07/06/2010 | French | |
| Full model | 31/12/2008 | 27/05/2009 | 10/06/2009 | French | |
| Full model | 31/12/2007 | 28/05/2008 | 30/05/2008 | French | |
| Full model | 31/12/2006 | 25/04/2007 | 07/05/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 31 ended
Active mandates
Jean-Victor Laurent
ActiveJean-Marie Laurent Josi
ActiveXavier de Walque
ActiveEnded mandates
Felix HAUSER
EndedJean-Marie Laurent Josi
EndedJean-Marie LAURENT JOSI
EndedXavier DE WALQUE
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates05/08/2026DEMISSIONS, NOMINATIONS
- Mandates20/02/2026DEMISSIONS, NOMINATIONS
- Mandates03/10/2025DEMISSIONS, NOMINATIONS
- Mandates03/07/2025DEMISSIONS, NOMINATIONS
- Mandates10/07/2024DEMISSIONS, NOMINATIONS
- Mandates28/12/2023DEMISSIONS, NOMINATIONS
- Mandates07/07/2023DEMISSIONS, NOMINATIONS
- Mandates30/06/2022DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 06/02/2026nominationJean-Victor Laurent — administrateur
- 2025Annual accounts 2025267,8 k €↑
- 03/06/2025reconductionJean-Marie Laurent Josi — Administrateur
- 03/06/2025reconductionXavier de Walque — Administrateur
- 03/06/2025reconductionPwC Réviseurs d'Entreprises SRL — Commissaire
- 19/03/2025nominationTom Matthijs — administrateur
- 2024Annual accounts 2024-3 M €↓
- 01/01/2024nominationJean-Marie LAURENT JOSI — personne déléguée de rang A
- 01/01/2024nominationXavier DE WALQUE — personne déléguée de rang A
- 01/01/2024nominationFelix HAUSER — personne déléguée de rang B
- 01/01/2024nominationJean-Victor LAURENT — personne déléguée de rang B
- 01/01/2024nominationDiane VERHAEGEN — personne déléguée de rang B
- 2023Annual accounts 2023-629,1 k €↑
- 2022Annual accounts 2022-960,5 k €↓
- 07/06/2022reconductionJean-Marie Laurent Josi — Administrateur
- 07/06/2022reconductionFelix Hauser — Administrateur
- 07/06/2022reconductionXavier de Walque — Administrateur
- 07/06/2022reconductionPwC Réviseurs d'Entreprises SRL — Commissaire
- 2021Annual accounts 2021-760,6 k €↓
- 2020Annual accounts 2020918 k €↑
- 2019Annual accounts 201910,2 k €↓
- 2018Annual accounts 20181 M €↑
- 2017Annual accounts 2017699,1 k €↓
- 2016Annual accounts 2016829 k €↑
- 2015Annual accounts 201565,2 k €↓
- 2014Annual accounts 2014156,1 k €↓
- 2013Annual accounts 20133,2 M €↓
- 2012Annual accounts 20124,6 M €↑
- 2011Annual accounts 20111,4 M €↑
- 2010Annual accounts 2010148,4 k €↓
- 2009Annual accounts 20092 M €↑
- 2008Annual accounts 20081,3 M €↓
- 2007Annual accounts 20078,8 M €
- 20/05/1996IncorporationPublic limited company