ACTIVE

IBF CONNECT

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Financial year 2025 · closed on 31/12/2025
Net result
154,9 k €
+837.4% YoY
Revenue
13,9 M €
+49.4% YoY
Equity
939,2 k €
+15.2% YoY
Workforce
3,5 ETP
-30.0% YoY

What does IBF CONNECT do?

IBF CONNECT is a Public limited company incorporated in 2023. Its main activity is: Management consultancy activities. Its registered office is in Ixelles. It employs on average 3,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0799.409.662
Incorporation
10/03/2023
Legal form
Public limited company
Registered office
Avenue Louise 209 A
1050 Ixelles · BruxellesSee on map
Contributed capital
184 386,40 €
Latest accounts
31/12/2025
Average workforce
3,5 ETP
Activities (NACE)
70200Management consultancy activities· main82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.58120Publishing of directories and mailing lists58190Other publishing activities62090Other information technology and computer service activities+7
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Revenue13,9 M €9,3 M €7 M €
EBITDA282 k €94,4 k €71,3 k €
Operating result282 k €94,4 k €71,3 k €
Net result154,9 k €16,5 k €8 k €
Balance sheet
Equity939,2 k €815,3 k €798,7 k €
Total assets6,4 M €7,7 M €3,5 M €
Cash790 k €684,6 k €144,6 k €
Debts5,5 M €6,8 M €2,7 M €
Other
Workforce3,5 ETP5,0 ETP3,7 ETP
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 · 2 active · 1 ended

Active mandates

PHILIPPE MADRY

Director · since 25 mars 2026 · until 12 mai 2029

Active
FREDERIC ANDRE

Director · since 10 mars 2023 · until 25 mars 2026

Active

Ended mandates

FREDERIC ANDRE

Director · since 03 août 2023 · until 12 mai 2026

Ended
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Annual accounts

Full financial information

202520242023
Type of accountFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date26/05/202617/06/202505/06/2024
General meeting12/05/202626/05/202514/05/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202626/05/2026FrenchPDF
Full model31/12/202426/05/202517/06/2025FrenchPDF
Full model31/12/202314/05/202405/06/2024FrenchPDF
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 · 2 active · 1 ended

Active mandates

PHILIPPE MADRY

Director · since 25 mars 2026 · until 12 mai 2029

Active
FREDERIC ANDRE

Director · since 10 mars 2023 · until 25 mars 2026

Active

Ended mandates

FREDERIC ANDRE

Director · since 03 août 2023 · until 12 mai 2026

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/04/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/09/2025
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/11/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Other14/03/2023
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025154,9 k €↑
  2. 2024
    Annual accounts 202416,5 k €↑
  3. 2023
    Annual accounts 20238 k €
  4. 10/03/2023
    IncorporationPublic limited company