ACTIVE

IWBF

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Financial year 2024 · closed on 31/12/2024

Net result

8,7 k €

-8.3% YoY

Gross margin

-1,6 k €

-312.9% YoY

Equity

352,1 k €

+2.5% YoY

What does IWBF do?

IWBF is a Public limited company incorporated in 2007. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0887.915.729

Incorporation

13/03/2007

Legal form

Public limited company

Registered office

Place des Barricades 12 box 16
1000 Bruxelles · BruxellesSee on map

Contributed capital

900 000,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-1,6 k €	-313%	-384,4 €	-10.6%	-347,5 €	0.0%	-347,5 €	0.0%	-347,5 €	0.0%	-347,5 €	0.0%	-347,5 €	-133%	1,1 k €	-85.9%	7,5 k €	+179%	-9,5 k €		–		-608,7 €	+62.6%	-1,6 k €	-66.5%	-976,7 €	+94.2%	-16,8 k €	+17.9%	-20,5 k €	-454%	-3,7 k €
EBITDA	-1,6 k €	-313%	-384,4 €	-10.6%	-347,5 €	+35.7%	-540,5 €	+9.9%	-600 €	-0.1%	-599,6 €	+23.1%	-779,6 €	-181%	958,8 €	-86.6%	7,2 k €	+172%	-10 k €		–		-1,6 k €	+39.0%	-2,6 k €	-29.1%	-2 k €	+88.5%	-17,3 k €	+15.8%	-20,6 k €	-407%	-4,1 k €
Operating result	-1,6 k €	-313%	-384,4 €	-10.6%	-347,5 €	+35.7%	-540,5 €	+9.9%	-600 €	-0.1%	-599,6 €	+23.1%	-779,6 €	-181%	958,8 €	-86.6%	7,2 k €	+172%	-10 k €		–		-1,6 k €	+39.0%	-2,6 k €	-29.1%	-2 k €	+88.5%	-17,3 k €	+15.8%	-20,6 k €	-407%	-4,1 k €
Net result	8,7 k €	-8.3%	9,5 k €	+52.9%	6,2 k €	+5.1%	5,9 k €	-10.3%	6,6 k €	+9.4%	6 k €	+13.2%	5,3 k €	-22.6%	6,9 k €	-42.1%	11,9 k €	-30.7%	17,1 k €	+88246%	19,4 €	-99.8%	11,1 k €	+1072%	-1,1 k €	+82.3%	-6,5 k €	-105%	129,1 k €	+744%	-20,1 k €	-383%	-4,2 k €
Balance sheet
Equity	352,1 k €	+2.5%	343,4 k €	+2.8%	333,9 k €	+1.9%	327,7 k €	+1.8%	321,8 k €	+2.1%	315,2 k €	+1.9%	309,2 k €	+1.8%	303,9 k €	+2.3%	297 k €	+4.2%	285,1 k €	+6.4%	268 k €	-73.4%	1 M €	+1.1%	997,3 k €	-0.1%	998,4 k €	-0.6%	1 M €	+14.7%	875,8 k €	-2.2%	895,8 k €
Total assets	352,5 k €	+2.1%	345,2 k €	+3.0%	335,3 k €	+2.0%	328,7 k €	+1.9%	322,5 k €	+1.8%	316,9 k €	+1.8%	311,3 k €	+2.0%	305,2 k €	+1.2%	301,5 k €	+1.2%	297,8 k €	+9.8%	271,3 k €	-75.1%	1,1 M €	-37.3%	1,7 M €	-1.5%	1,8 M €	+1.7%	1,7 M €	-71.7%	6,1 M €	-0.2%	6,1 M €
Cash	–		–		–		–		–		–		–		–		6,7 k €	-0.3%	6,7 k €	-81.8%	36,7 k €	+808%	4 k €	-33.9%	6,1 k €	-94.9%	119,2 k €	-0.0%	119,2 k €	-11.9%	135,3 k €	-7.5%	146,3 k €
Debts	387,4 €	-78.9%	1,8 k €	+30.3%	1,4 k €	+35.3%	1 k €	+50.0%	695 €	-58.5%	1,7 k €	+0.8%	1,7 k €	+26.5%	1,3 k €	-62.0%	3,5 k €	-72.6%	12,6 k €	+284%	3,3 k €	-95.9%	80,7 k €	-87.3%	637,2 k €	-8.6%	697,2 k €	+0.3%	695,2 k €	-86.8%	5,3 M €	+0.2%	5,3 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 15 ended

Active mandates

MAMM-UT INVEST

Director · since 22 janvier 2024 · 0819.520.633

Represented by David Janssen

Active

Ended mandates

David Janssen

Managing director · since 26 juin 2020

Ended

Muriel Inowlocki

Director · since 05 avril 2007 · until 05 avril 2013

Ended

Sabrina Inowlocki

Director · since 05 avril 2007 · until 05 avril 2013

Ended

BAOBAB REAL ESTATE

Director · until 26 juin 2020 · 0836.097.933

Represented by David Janssen

Ended

At this address

Other companies at this address

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GROUPE MABELLE● Active	0521.853.169
IMMOA● Active	0832.712.534
IMMO BODU● Active	0846.010.442
IMMOC● Active	0832.714.514
Individuele Hulp voor Volksunie - Parlementsleden● Liquidation	0421.535.670
KOHO● Active	0715.462.694
Mabelle Housing● Active	0508.544.967
MAMM-UT INVEST● Active	0819.520.633
MANAUX RESIDENCES● Active	0439.190.759
SOCIETE IMMOBILIERE DE LA HAUTE RUE● Active	0430.481.743
Vlaams-Nationaal Archief- en Dokumentatiecentrum● Liquidation	0424.453.093
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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2025	26/08/2024	12/10/2023	28/11/2022	27/09/2021	27/11/2020
General meeting	26/06/2025	28/06/2024	30/06/2023	30/06/2022	25/06/2021	26/06/2020
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

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	26/06/2025	30/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	26/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	12/10/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	28/11/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	27/09/2021	French	PDF
Abridged model	31/12/2019	26/06/2020	27/11/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	12/12/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	27/03/2019	French	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	30/10/2015	Dutch	PDF
Abridged model	31/12/2012	24/04/2013	09/08/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	25/05/2010	10/12/2010	French	PDF
Abridged model	31/12/2008	26/05/2009	12/06/2009	French	PDF
Abridged model	31/12/2007	27/05/2008	29/08/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 1 active · 15 ended

Active mandates

MAMM-UT INVEST

Director · since 22 janvier 2024 · 0819.520.633

Represented by David Janssen

Active

Ended mandates

David Janssen

Managing director · since 26 juin 2020

Ended

Muriel Inowlocki

Director · since 05 avril 2007 · until 05 avril 2013

Ended

Sabrina Inowlocki

Director · since 05 avril 2007 · until 05 avril 2013

Ended

BAOBAB REAL ESTATE

Director · until 26 juin 2020 · 0836.097.933

Represented by David Janssen

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - DIVERS
PDF
Registered office25/07/2016
SIEGE SOCIAL
PDF
Mandates24/05/2013
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates20/01/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2007
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other21/03/2007
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

2024
Annual accounts 20248,7 k €↓
2023
Annual accounts 20239,5 k €↑
2022
Annual accounts 20226,2 k €↑
2021
Annual accounts 20215,9 k €↓
2020
Annual accounts 20206,6 k €↑
2019
Annual accounts 20196 k €↑
2018
Annual accounts 20185,3 k €↓
2017
Annual accounts 20176,9 k €↓
2016
Annual accounts 201611,9 k €↓
2015
Annual accounts 201517,1 k €↑
2014
Annual accounts 201419,4 €↓
2012
Annual accounts 201211,1 k €↑
2011
Annual accounts 2011-1,1 k €↑
2010
Annual accounts 2010-6,5 k €↓
2009
Annual accounts 2009129,1 k €↑
2008
Annual accounts 2008-20,1 k €↓
2007
Annual accounts 2007-4,2 k €
13/03/2007
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

IWBF

Overview

What does IWBF do?

Trend over 17 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