ACTIVE

IBEL

Financial year 2025 · Closed on 31/12/2025

Net result267,8 k €+108,8 %over 1 year
Gross margin-22,3 k €+97,5 %over 1 year
Equity32,3 M €+0,8 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

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
Contributed capital
8 397 747,59 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Gross margin-22,3 k €-880,5 k €-912,1 k €-1,2 M €-974 k €
EBITDA-38,7 k €-3,5 M €-914 k €-1,2 M €-975,7 k €
Operating result-38,7 k €-3,5 M €-914,5 k €-1,2 M €-976,2 k €
Net result267,8 k €-3 M €-629,1 k €-960,5 k €-760,6 k €
Balance sheet
Equity32,3 M €32,1 M €35,1 M €35,7 M €36,7 M €
Total assets33,2 M €33,4 M €35,3 M €36,2 M €37,3 M €
Cash13,4 k €181 k €69,2 k €4,8 k €63,1 k €
Debts838,3 k €1,3 M €238,2 k €462,6 k €575,1 k €
Other
Workforce0,0 ETP––––

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jean-Victor Laurent
Director06/02/2026 → 06/06/2028
Jean-Marie Laurent Josi
Director28/04/2004 → 06/06/2028Chairman of the board of directors25/05/2016 → 2022 accountsended
Xavier de Walque
Director24/06/2011 → 06/02/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Felix HAUSER
Managing director03/06/2019 → 2024 accounts
Diane VERHAEGEN
Director29/05/2019 → 03/06/2019
Alfonso PALLAVICINI
Chairman of the board of directors01/01/2017 → 30/05/2018

Other companies at this address

Rue de la Chancellerie 2 1000 Bruxelles
CompanyCBE 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
0403.233.750
Cosperity● Active
0799.376.109
HVC Investment● Active
1043.382.973
0401.638.002
Source22● Active
0786.726.517

Full financial information

Source · NBB
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 date25/06/202610/06/202511/06/202407/06/202309/06/202210/06/2021
General meeting02/06/202603/06/202504/06/202406/06/202307/06/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/06/202625/06/2026FrenchPDF
Abridged model31/12/202403/06/202510/06/2025FrenchPDF
Abridged model31/12/202304/06/202411/06/2024FrenchPDF
Abridged model31/12/202206/06/202307/06/2023FrenchPDF
Abridged model31/12/202107/06/202209/06/2022FrenchPDF
Abridged model31/12/202026/05/202110/06/2021FrenchPDF
Abridged model31/12/201927/05/202008/06/2020FrenchPDF
Abridged model31/12/201829/05/201905/06/2019FrenchPDF
Abridged model31/12/201730/05/201805/06/2018FrenchPDF
Abridged model31/12/201631/05/201707/06/2017FrenchPDF
Full model31/12/201525/05/201608/06/2016FrenchPDF
Full model31/12/201427/05/201503/06/2015FrenchPDF
Full model31/12/201328/05/201416/06/2014FrenchPDF
Full model31/12/201229/05/201305/06/2013FrenchPDF
Full model31/12/201130/05/201220/06/2012FrenchPDF
Full model31/12/201025/05/201130/05/2011FrenchPDF
Full model31/12/200926/05/201007/06/2010FrenchPDF
Full model31/12/200827/05/200910/06/2009FrenchPDF
Full model31/12/200728/05/200830/05/2008FrenchPDF
Full model31/12/200625/04/200707/05/2007FrenchPDF

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.

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jean-Victor Laurent
Director06/02/2026 → 06/06/2028
Jean-Marie Laurent Josi
Director28/04/2004 → 06/06/2028Chairman of the board of directors25/05/2016 → 2022 accountsended
Xavier de Walque
Director24/06/2011 → 06/02/2026

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Felix HAUSER
Managing director03/06/2019 → 2024 accounts
Diane VERHAEGEN
Director29/05/2019 → 03/06/2019
Alfonso PALLAVICINI
Chairman of the board of directors01/01/2017 → 30/05/2018

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates05/08/2026
    Démission, Nomination et Délégation de pouvoirs
    PDF
  • Mandates20/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/12/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/07/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/06/2022
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings19 filings
Mandates
Jean-Victor Laurent
Xavier de Walque
Jean-Marie Laurent Josi
Felix HAUSER
Diane VERHAEGEN
Alfonso PALLAVICINI
Chantal Barras
Christian Varin
199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028
IBEL
Rue de la Chancellerie 2 bte 3, 1000 Brussels
Director
Director
DirectorChairman of the board of directors
Managing director
Director
Chairman of the board of directors
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue de la Chancellerie 2 bte 3, 1000 BrusselsCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00227473

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
IBELCurrent
accounts 2007 → 2025
Accounts 2025 · 2026-00227473

Events

  1. 06/02/2026
    nominationJean-Victor Laurent · administrateur
  2. 2025
    Annual accounts 2025267,8 k €↑
  3. 03/06/2025
    reconductionJean-Marie Laurent Josi · Administrateur
  4. 03/06/2025
    reconductionXavier de Walque · Administrateur
  5. 03/06/2025
    reconductionPwC Réviseurs d'Entreprises SRL · Commissaire
  6. 19/03/2025
    nominationTom Matthijs · administrateur
  7. 2024
    Annual accounts 2024-3 M €↓
  8. 01/01/2024
    nominationJean-Marie LAURENT JOSI · personne déléguée de rang A
  9. 01/01/2024
    nominationXavier DE WALQUE · personne déléguée de rang A
  10. 01/01/2024
    nominationFelix HAUSER · personne déléguée de rang B
  11. 01/01/2024
    nominationJean-Victor LAURENT · personne déléguée de rang B
  12. 01/01/2024
    nominationDiane VERHAEGEN · personne déléguée de rang B
  13. 2023
    Annual accounts 2023-629,1 k €↑
  14. 2022
    Annual accounts 2022-960,5 k €↓
  15. 07/06/2022
    reconductionJean-Marie Laurent Josi · Administrateur
  16. 07/06/2022
    reconductionFelix Hauser · Administrateur
  17. 07/06/2022
    reconductionXavier de Walque · Administrateur
  18. 07/06/2022
    reconductionPwC Réviseurs d'Entreprises SRL · Commissaire
  19. 2021
    Annual accounts 2021-760,6 k €↓
  20. 2020
    Annual accounts 2020918 k €↑
  21. 2019
    Annual accounts 201910,2 k €↓
  22. 2018
    Annual accounts 20181 M €↑
  23. 2017
    Annual accounts 2017699,1 k €↓
  24. 2016
    Annual accounts 2016829 k €↑
  25. 2015
    Annual accounts 201565,2 k €↓
  26. 2014
    Annual accounts 2014156,1 k €↓
  27. 2013
    Annual accounts 20133,2 M €↓
  28. 2012
    Annual accounts 20124,6 M €↑
  29. 2011
    Annual accounts 20111,4 M €↑
  30. 2010
    Annual accounts 2010148,4 k €↓
  31. 2009
    Annual accounts 20092 M €↑
  32. 2008
    Annual accounts 20081,3 M €↓
  33. 2007
    Annual accounts 20078,8 M €
  34. 20/05/1996
    IncorporationPublic limited company