ACTIVE

IBANFIRST

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-1,1 M €

-3838.5% YoY

Revenue

47,9 M €

+15.3% YoY

Equity

18,5 M €

+11.3% YoY

Workforce

19,6 ETP

-6.7% YoY

What does IBANFIRST do?

IBANFIRST is a Public limited company incorporated in 2012. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Bruxelles. It employs on average 19,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0849.872.824

Incorporation

24/10/2012

Legal form

Public limited company

Registered office

Avenue Louise 489
1050 Bruxelles · BruxellesSee on map

Contributed capital

88 309 970,63 €

Latest accounts

31/12/2025

Average workforce

19,6 ETP

Activities (NACE)

66199Other activities auxiliary to financial services, except insurance and pension funding· main 66199Other activities auxiliary to financial services, except insurance and pension funding

Signals

Positive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2015		2014		2013
Income statement
Revenue	47,9 M €	+15.3%	41,6 M €	+23.1%	33,8 M €	+15.1%	29,3 M €	+42.2%	20,6 M €	+71.1%	12,1 M €	+52.2%	7,9 M €	+102%	3,9 M €	+177%	1,4 M €	+635%	192,8 k €	+195%	65,3 k €
EBITDA	-10,1 M €	+23.8%	-13,3 M €	+30.1%	-19 M €	-30.8%	-14,5 M €	-23.7%	-11,7 M €	-43.9%	-8,1 M €	-26.2%	-6,5 M €	-59.7%	-4 M €	-915%	496 k €	+215%	-432 k €	-33.6%	-323,4 k €
Operating result	-11,3 M €	+19.3%	-14 M €	+29.4%	-19,9 M €	-29.6%	-15,4 M €	-23.5%	-12,4 M €	-42.7%	-8,7 M €	-26.8%	-6,9 M €	-54.5%	-4,4 M €	-1179%	411,6 k €	+184%	-490,8 k €	-24.1%	-395,6 k €
Net result	-1,1 M €	-3839%	29,8 k €	+100%	-9,2 M €	+47.4%	-17,4 M €	-23.1%	-14,2 M €	-51.4%	-9,3 M €	-15.8%	-8,1 M €	-67.7%	-4,8 M €	-8997%	54,1 k €	+113%	-409,9 k €	-9.6%	-373,9 k €
Balance sheet
Equity	18,5 M €	+11.3%	16,6 M €	+0.2%	16,6 M €	+25.2%	13,3 M €	-9.0%	14,6 M €	+6.2%	13,7 M €	+346%	3,1 M €	-72.4%	11,2 M €	+1424%	732 k €	+138%	308 k €	-31.9%	452,3 k €
Total assets	689,2 M €	+34.4%	512,8 M €	+22.7%	418 M €	-15.2%	492,7 M €	-10.8%	552 M €	+108%	265,8 M €	+174%	97 M €	+84.4%	52,6 M €	+798%	5,9 M €	+83.9%	3,2 M €	+172%	1,2 M €
Cash	466,2 M €	+11.7%	417,5 M €	+31.9%	316,4 M €	-18.8%	389,5 M €	-11.3%	439 M €	+128%	192,6 M €	+116%	89,3 M €	+77.1%	50,4 M €	+893%	5,1 M €	+75.1%	2,9 M €	+248%	833 k €
Debts	668,4 M €	+35.0%	495,1 M €	+23.6%	400,7 M €	-15.0%	471,2 M €	-11.8%	534,4 M €	+114%	250 M €	+170%	92,8 M €	+124%	41,4 M €	+737%	5 M €	+75.6%	2,8 M €	+304%	698,2 k €
Other
Workforce	19,6 ETP	-6.7%	21,0 ETP	-16.0%	25,0 ETP	+3.3%	24,2 ETP	-7.3%	26,1 ETP	+12.0%	23,3 ETP	+18.3%	19,7 ETP	-1.5%	20,0 ETP	+104%	9,8 ETP	+367%	2,1 ETP	+10.5%	1,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 25 ended

Active mandates

Sonia Boudier

Managing director · since 07 octobre 2025 · until 07 juin 2028

Active

Aurore Colson

Director · since 04 juin 2025 · until 07 juin 2028

Active

Sonia Boudier

Director · since 04 juin 2025 · until 07 juin 2028

Active

Pierre-Antoine Dusoulier

Director · since 01 juin 2023 · until 02 juin 2027

Active

Jérémy NAKACHE

Director · since 23 janvier 2023 · until 02 juin 2027

Active

Xavier Sébastien LAZARUS

Director · since 23 janvier 2023 · until 02 juin 2027

Active

Arnaud de la Porte des Vaux

Managing director · since 15 décembre 2021 · until 03 juin 2026

Active

Ended mandates

Arnaud de la Porte des Vaux

Managing director · since 15 décembre 2021

Ended

Jean Louis Didier

Director · since 05 novembre 2020 · until 01 juin 2022

Ended

Jean-Louis Didier

Director · since 05 novembre 2020 · until 03 juin 2026

Ended

Jean-Louis Didier

Director · since 08 juillet 2020

Ended

At this address

Other companies at this address

Company	CBE no.
ADJ Civil Company● Active	0727.455.656
Adjumaca Civil Company● Active	0725.554.951
Aleisa Civil Company● Active	0725.527.138
ALTIUS CAPITAL INVESTMENT THREE● Active	0556.885.710
Ambassade de la République du Costa Rica● Active	0662.969.165
Arpège Groupe● Active	0761.827.013
Ashurst Perkins Coie Europe● Active	0770.935.412
ASM BELGIUM● Active	0474.630.007
ASSOCIATION INTERNATIONALE DE L'INDUSTRIE DU TUNGSTENE - INTERNATIONAL TUNGSTEN INDUSTRY ASSOCIATION● Active	0441.894.683
BOSS SERVICES● Active	0457.104.085
Brominated Compounds Consortium Trustee● Active	0830.189.148
BURGER KING SEE● Active	0563.752.320
Checkout Belgium● Active	0775.692.271
Circle Advertising Civil Company● Active	0725.758.552
COMPAGNIE 14● Active	0463.784.318
Condor 1● Active	0770.906.213
Condor 2● Active	0770.919.574
Condor 3● Active	0770.920.762
Condor 4● Active	0794.356.853
CONDOR BIDCO● Active	0770.665.493

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	11/06/2026	17/06/2025	24/06/2024	29/08/2023	30/09/2022	16/07/2021
General meeting	03/06/2026	04/06/2025	05/06/2024	31/07/2023	29/06/2022	28/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	03/06/2026	11/06/2026	French	PDF
Full model	31/12/2024	04/06/2025	17/06/2025	French	PDF
Full model	31/12/2023	05/06/2024	24/06/2024	French	PDF
Full model	31/12/2022	31/07/2023	29/08/2023	French	PDF
Full model	31/12/2021	29/06/2022	30/09/2022	French	PDF
Full model	31/12/2020	28/06/2021	16/07/2021	French	PDF
Full model	31/12/2019	09/06/2020	10/06/2020	French	PDF
Full model	31/12/2018	05/06/2019	02/07/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	07/06/2017	23/06/2017	French	PDF
Abridged model	31/12/2015	01/06/2016	08/07/2016	French	PDF
Abridged model	31/12/2014	03/06/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	04/06/2014	26/08/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 7 active · 25 ended

Active mandates

Sonia Boudier

Managing director · since 07 octobre 2025 · until 07 juin 2028

Active

Aurore Colson

Director · since 04 juin 2025 · until 07 juin 2028

Active

Sonia Boudier

Director · since 04 juin 2025 · until 07 juin 2028

Active

Pierre-Antoine Dusoulier

Director · since 01 juin 2023 · until 02 juin 2027

Active

Jérémy NAKACHE

Director · since 23 janvier 2023 · until 02 juin 2027

Active

Xavier Sébastien LAZARUS

Director · since 23 janvier 2023 · until 02 juin 2027

Active

Arnaud de la Porte des Vaux

Managing director · since 15 décembre 2021 · until 03 juin 2026

Active

Ended mandates

Arnaud de la Porte des Vaux

Managing director · since 15 décembre 2021

Ended

Jean Louis Didier

Director · since 05 novembre 2020 · until 01 juin 2022

Ended

Jean-Louis Didier

Director · since 05 novembre 2020 · until 03 juin 2026

Ended

Jean-Louis Didier

Director · since 08 juillet 2020

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares03/06/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares26/05/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Registered office04/12/2025
SIEGE SOCIAL
PDF
Mandates13/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates23/10/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares04/08/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates04/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/08/2024
DEMISSIONS, NOMINATIONS
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

13/05/2026
reduction_capital
2025
Annual accounts 2025-1,1 M €↓
07/10/2025
nominationSonia Azzouzi — déléguée à la gestion journalière
07/10/2025
nominationSonia [Azzouzi] Boudier — administrateur
07/10/2025
nominationAurore [Colson] Gaspar — administrateur
22/07/2025
augmentation_capital
04/06/2025
reconductionFORVIS MAZARS REVISEURS D'ENTREPRISES SRL — commissaire
2024
Annual accounts 202429,8 k €↑
05/06/2024
reconductionArnaud DE LA PORTE — administrateur
2023
Annual accounts 2023-9,2 M €↑
01/08/2023
reconductionPierre-Antoine DUSOULIER — administrateur
24/07/2023
augmentation_capital
30/05/2023
augmentation_capital
23/01/2023
nominationJérémy NAKACHE — administrateur non-exécutif
23/01/2023
nominationXavier LAZARUS — administrateur non-exécutif
2022
Annual accounts 2022-17,4 M €↓
12/07/2022
reconductionJean-Louis DIDIER — administrateur
12/07/2022
reconductionMAZARS BEDRIJFSREVISOREN — REVISEURS D’ENTREPRISES S.C.R.L. — commissaire
21/06/2022
augmentation_capital
2021
Annual accounts 2021-14,2 M €↓
2020
Annual accounts 2020-9,3 M €↓
2019
Annual accounts 2019-8,1 M €↓
2018
Annual accounts 2018-4,8 M €↓
2015
Annual accounts 201554,1 k €↑
2014
Annual accounts 2014-409,9 k €↓
2013
Annual accounts 2013-373,9 k €
24/10/2012
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

IBANFIRST

Overview

What does IBANFIRST do?

Trend over 11 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