I.P.
ActiveSummary
I.P. has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,445 and a net result of -€7,758. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 87% of 1893 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability24▼-76
Solvency100▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 3.76 against 2.95 in 2024; short-term debt: 12.3% and cash: 27% of total assets), and 23.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.6%
Return on assets
-11.8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
2 d early
2023
on the day
2022
14 d early
2021
on the day
2020
30 d late
2020
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 oldest company in Ukkel, Transport and storage sector
Turnover
€11,669▼ 62.9%
2021 · €31,430
EBIT margin
-61.3%▼ 0.2pp
2021 · -61.2%
Net result
-€7,758
2024 · €252,255
Working capital
€22,416▼ 7.9%
2024 · €24,327
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€31,430▲ 19.2%€11,669
Operating result-€19,221▲ 29.5%€82,495€87,939▲ 6.6%€267,730▲ 204%-€7,156
Net result-€30,094below the sector's middle half▲ 33.8%€68,236above the sector's middle half€85,014above the sector's middle half▲ 24.6%€252,255above the sector's middle half▲ 197%-€7,758below the sector's middle half
EBIT margin-61.2%▲ 42.2pp-61.3%
Equity€160,352above the sector's middle half▼ 15.8%€228,588above the sector's middle half▲ 42.6%€239,602above the sector's middle half▲ 4.8%€58,203within the sector's middle half▼ 75.7%€50,445within the sector's middle half▼ 13.3%
Total assets€684,762above the sector's middle half▲ 5.7%€510,993above the sector's middle half▼ 25.4%€535,588above the sector's middle half▲ 4.8%€81,875within the sector's middle half▼ 84.7%€65,862below the sector's middle half▼ 19.6%
Debt€524,410▲ 14.7%€282,405▼ 46.1%€295,986▲ 4.8%€23,672▼ 92.0%€15,417▼ 34.9%
Working capital-€49,234below the sector's middle half▼ 102%-€43,015below the sector's middle half▲ 12.6%€17,460within the sector's middle half€24,327within the sector's middle half▲ 39.3%€22,416within the sector's middle half▼ 7.9%
Solvency23.4%within the sector's middle half▼ 6.0pp44.7%within the sector's middle half▲ 21.3pp44.7%within the sector's middle half=71.1%above the sector's middle half▲ 26.4pp76.6%above the sector's middle half▲ 5.5pp
Current ratio0.35below the sector's middle half▼ 0.200.47below the sector's middle half▲ 0.121.06within the sector's middle half▲ 0.602.95above the sector's middle half▲ 1.883.76above the sector's middle half▲ 0.81
Return on assets (ROA)-4.4%below the sector's middle half▲ 2.6pp13.4%within the sector's middle half▲ 17.7pp15.9%above the sector's middle half▲ 2.5pp308.1%above the sector's middle half▲ 292.2pp-11.8%below the sector's middle half▼ 319.9pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7,156 after €267,730 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,862
Fixed assets
€35,317 ▼ 21.6%
Current assets
€30,546 ▼ 17.0%
Equity and liabilities €65,862
Equity
€50,445 ▼ 13.3%
Debt
€15,417 ▼ 34.9%
Debt's share of the balance-sheet total falls from 28.9% to 23.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€813▼
2024 · €276,223
Cash flow
€211▼
2024 · €260,749
Quick ratio
3.15▲
2024 · 2.55
Debt to equity
0.31▼
2024 · 0.41
ROE
-15.4%▼
2024 · 433.4%
Interest coverage
1.05▼
2024 · 16.49
Debt ≤ 1 year
€8,130▼
2024 · €12,497
Debt > 1 year
€7,287▼
2024 · €11,176
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €31,430 | - | - | - | €11,669 | - |
| Goods, raw materials, services and sundry goods60/61 | €53,219 | - | - | - | €26,573 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €62,986 | €38,888 | €17,697 | €8,494 | €7,969 | ▼ 6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,263 | - | - | - |
| Other operating charges640/8 | €4,919 | €5,902 | €7,355 | €2,446 | €1,564 | ▼ 36.1% |
| Gross operating margin9900 | €48,684 | €127,286 | €114,255 | €278,670 | €2,377 | ▼ 99.1% |
| Operating profit (loss)9901 | -€19,221 | €82,495 | €87,939 | €267,730 | -€7,156 | ▼ 103% |
| Financial income75/76B | €2 | €6 | €783 | €1,280 | €172 | ▼ 86.6% |
| Recurring financial income75 | €2 | €6 | €783 | €1,280 | €172 | ▼ 86.6% |
| Financial charges65/66B | €10,875 | €14,265 | €3,708 | €16,754 | €774 | ▼ 95.4% |
| Recurring financial charges65 | €10,875 | €14,265 | €3,708 | €16,754 | €774 | ▼ 95.4% |
| Profit (loss) for the period before taxes9903 | -€30,094 | €68,236 | €85,014 | €252,255 | -€7,758 | ▼ 103% |
| Profit (loss) for the period9904 | -€30,094 | €68,236 | €85,014 | €252,255 | -€7,758 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | -€30,094 | €68,236 | €85,014 | €252,255 | -€7,758 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €684,762 | €510,993 | €535,588 | €81,875 | €65,862 | ▼ 19.6% |
| Fixed assets21/28 | €658,070 | €473,329 | €237,204 | €45,052 | €35,317 | ▼ 21.6% |
| Tangible fixed assets22/27 | €653,940 | €469,199 | €235,941 | €41,849 | €34,764 | ▼ 16.9% |
| Land and buildings22 | €630,829 | €452,035 | €209,476 | €20,455 | €18,018 | ▼ 11.9% |
| Furniture and vehicles24 | €21,252 | €15,489 | €24,975 | €20,089 | €15,625 | ▼ 22.2% |
| Leasing and similar rights25 | €1,859 | €1,675 | €1,490 | €1,306 | €1,121 | ▼ 14.1% |
| Financial fixed assets28 | €4,130 | €4,130 | €1,262 | €3,202 | €552 | ▼ 82.8% |
| Current assets29/58 | €26,692 | €37,664 | €298,385 | €36,823 | €30,546 | ▼ 17.0% |
| Stocks and contracts in progress3 | €4,942 | €4,942 | €4,942 | €4,942 | €4,942 | = |
| Stocks30/36 | €4,942 | €4,942 | €4,942 | €4,942 | €4,942 | = |
| Amounts receivable within one year40/41 | €9,041 | €21,799 | €34,011 | €12,977 | €7,237 | ▼ 44.2% |
| Trade receivables40 | €8,731 | €11,429 | €11,935 | €12,133 | €7,237 | ▼ 40.4% |
| Other amounts receivable41 | €310 | €10,370 | €22,076 | €844 | - | - |
| Cash at bank and in hand54/58 | €12,626 | €10,174 | €258,353 | €18,739 | €17,765 | ▼ 5.2% |
| Deferred charges and accrued income490/1 | €83 | €748 | €1,079 | €165 | €602 | ▲ 264% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €684,762 | €510,993 | €535,588 | €81,875 | €65,862 | ▼ 19.6% |
| Equity10/15 | €160,352 | €228,588 | €239,602 | €58,203 | €50,445 | ▼ 13.3% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €66,345 | €66,345 | = |
| Capital10 | €500,000 | €500,000 | €500,000 | €66,345 | €66,345 | = |
| Issued capital100 | €500,000 | €500,000 | €500,000 | €66,345 | €66,345 | = |
| Revaluation surpluses12 | €74,000 | €74,000 | - | - | - | - |
| Reserves13 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | -€419,845 | -€351,609 | -€266,595 | -€14,340 | -€22,097 | ▼ 54.1% |
| Amounts payable17/49 | €524,410 | €282,405 | €295,986 | €23,672 | €15,417 | ▼ 34.9% |
| Amounts payable after more than one year17 | €447,664 | €200,698 | €15,061 | €11,176 | €7,287 | ▼ 34.8% |
| Financial debts170/4 | €294,120 | €100,698 | €15,061 | €11,176 | €7,287 | ▼ 34.8% |
| Other amounts payable178/9 | €153,544 | €100,000 | - | - | - | - |
| Amounts payable within one year42/48 | €75,926 | €80,679 | €280,925 | €12,497 | €8,130 | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | €36,323 | €21,579 | €95,176 | €4,778 | €3,889 | ▼ 18.6% |
| Trade debts44 | €6,733 | €9,197 | €5,829 | €3,828 | €3,174 | ▼ 17.1% |
| Suppliers440/4 | €6,733 | €9,197 | €5,829 | €3,828 | €879 | ▼ 77.0% |
| Bills of exchange payable441 | - | - | - | - | €2,295 | - |
| Advances received on contracts in progress46 | - | - | €179,321 | €3,600 | - | - |
| Taxes, remuneration and social security45 | €1,050 | €1,529 | €599 | €291 | €650 | ▲ 124% |
| Taxes450/3 | €1,050 | €1,529 | €599 | €291 | €650 | ▲ 124% |
| Other amounts payable47/48 | €31,820 | €48,375 | - | - | €417 | - |
| Accrued charges and deferred income492/3 | €820 | €1,027 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,094 | €68,236 | €85,014 | €252,255 | -€7,758 | ▼ 103% |
| + Depreciation and write-downs630 | €62,986 | €38,888 | €17,697 | €8,494 | €7,969 | ▼ 6.2% |
| Operating cash flow (approximation) | €32,892 | €107,124 | €102,711 | €260,749 | €211 | ▼ 99.9% |
| Investment in fixed assets (approximation) | - | €145,853 | €218,429 | €183,658 | €1,766 | ▼ 99.0% |
| Change in cash | - | -€2,452 | €248,179 | -€239,615 | -€974 | ▲ 99.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 23 days late
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €252,255 ▲197%
Operating result €267,730, net result €252,255, both a record.
31-12
Financial
Liquidity triplescurrent ratio 2.95
Current ratio from 1.06 to 2.95; short-term debt falls from €280,925 to €12,497.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.06
Current ratio from 0.47 to 1.06.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €68,236
Net result €68,236 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €228,588 ▲42.6%
Equity rises from €160,352 to €228,588.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150,000Eq €190,446
Equity rises from -€37,940 to €190,446.
Show earlier events
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-01
Financial
Weakest financial yearnet -€52,295
Net result drops to -€52,295, the lowest in the series; recovery starts the following year.
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
05-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 158 days late
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 10 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1992
Ground area
6,841 m²
Building footprint
809 m²
Volume, LiDAR
18,030 m³
Parcel 21618B0439/00F000, Brussels · tallest building 25.4 m, ±8 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
I.P.
since 19922.056.280.828
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0439/00F000 | Brussels | 6,841 m² | 1 · 809 m² | 25.4 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,573 companies in this sector we hold annual accounts for 8,205. 6,001 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded04-02-1992
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
68110Buying and selling of own real estate
70200Business and other management consultancy
82100Office administrative and support services
Contact
E-mail
nvipsa@hotmail.comUkkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446515546
Also
9925:BE0446515546
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.