I.P.D.
ActiveSummary
I.P.D. has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €724,941 and a net result of -€30,263. Equity is growing by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-86
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
short-term debt: 0.4% and cash: 5.9% of total assets, and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
2 d early
2022
on the day
2021
15 d late
2020
2 d early
2019
3 d late
← 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 2 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€30,263
2024 · €251,594
Working capital
€494,850▼ 6.0%
2024 · €526,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,172▲ 75.4%-€11,589▼ 87.8%-€18,232▼ 57.3%€375,727-€35,513
Net result€17,933within the sector's middle half€84,803above the sector's middle half▲ 373%-€17,835below the sector's middle half€251,594above the sector's middle half-€30,263below the sector's middle half
Equity€545,272above the sector's middle half▲ 3.4%€630,075above the sector's middle half▲ 15.6%€612,240above the sector's middle half▼ 2.8%€755,203above the sector's middle half▲ 23.4%€724,941above the sector's middle half▼ 4.0%
Total assets€712,281above the sector's middle half▲ 2.2%€708,555above the sector's middle half▼ 0.5%€682,328above the sector's middle half▼ 3.7%€785,606above the sector's middle half▲ 15.1%€728,639above the sector's middle half▼ 7.3%
Debt€26,557▼ 8.9%€78,481▲ 196%€70,088▼ 10.7%€30,402▼ 56.6%€3,699▼ 87.8%
Working capital€321,319▲ 15.5%€275,227▼ 14.3%€267,068▼ 3.0%€526,687▲ 97.2%€494,850▼ 6.0%
Solvency76.6%above the sector's middle half▲ 0.9pp88.9%above the sector's middle half▲ 12.4pp89.7%above the sector's middle half▲ 0.8pp96.1%above the sector's middle half▲ 6.4pp99.5%above the sector's middle half▲ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €35,513 after €375,727 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €728,639
Fixed assets
€230,984 ▼ 0.8%
Current assets
€497,655 ▼ 10.0%
Equity and liabilities €728,639
Equity
€724,941 ▼ 4.0%
Debt
€3,699 ▼ 87.8%
Debt's share of the balance-sheet total falls from 3.9% to 0.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€13,741▼
2024 · €394,681
Cash flow
-€8,491▼
2024 · €270,549
Debt to equity
0.01▼
2024 · 0.04
ROE
-4.2%▼
2024 · 33.3%
ROA
-4.2%▼
2024 · 32.0%
Interest coverage
-42.09▼
2024 · 92.62
Debt ≤ 1 year
€2,805▼
2024 · €26,158
Income taxes
€0▼
2024 · €123,214
A ratio outside any meaningful range has been withheld (balance sheet total €728,639, equity €724,941).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €430,471 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,030 | €27,429 | €30,214 | €18,955 | €21,772 | ▲ 14.9% |
| Other operating charges640/8 | - | €6,493 | €5,867 | €10,376 | €2,601 | ▼ 74.9% |
| Non-recurring operating charges66A | - | - | - | €2,744 | €0 | ▼ 100% |
| Gross operating margin9900 | €31,208 | €22,332 | €17,848 | €407,802 | -€11,141 | ▼ 103% |
| Operating profit (loss)9901 | -€6,172 | -€11,589 | -€18,232 | €375,727 | -€35,513 | ▼ 109% |
| Financial income75/76B | - | €17,571 | €2,328 | €3,343 | €5,577 | ▲ 66.8% |
| Recurring financial income75 | €26,460 | €17,571 | €2,328 | €3,343 | €5,577 | ▲ 66.8% |
| Financial charges65/66B | - | €1,626 | €1,544 | €4,262 | €326 | ▼ 92.3% |
| Recurring financial charges65 | €1,390 | €1,626 | €1,544 | €4,262 | €326 | ▼ 92.3% |
| Profit (loss) for the period before taxes9903 | €18,898 | €4,356 | -€17,448 | €374,808 | -€30,263 | ▼ 108% |
| Transfer from deferred taxes780 | - | €140,453 | - | - | - | - |
| Income taxes67/77 | €965 | €60,006 | €387 | €123,214 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €17,933 | €84,803 | -€17,835 | €251,594 | -€30,263 | ▼ 112% |
| Transfer from tax-exempt reserves789 | - | €421,359 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €17,933 | €506,162 | -€17,835 | €251,594 | -€30,263 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €712,281 | €708,555 | €682,328 | €785,606 | €728,639 | ▼ 7.3% |
| Fixed assets21/28 | €377,435 | €360,051 | €371,400 | €232,761 | €230,984 | ▼ 0.8% |
| Tangible fixed assets22/27 | €377,435 | €360,051 | €371,400 | €232,761 | €230,984 | ▼ 0.8% |
| Land and buildings22 | - | €344,869 | €358,731 | €230,060 | €230,011 | = |
| Plant, machinery and equipment23 | - | €414 | €30 | €0 | - | - |
| Furniture and vehicles24 | - | €14,768 | €12,638 | €2,701 | €973 | ▼ 64.0% |
| Current assets29/58 | €334,846 | €348,504 | €310,928 | €552,844 | €497,655 | ▼ 10.0% |
| Amounts receivable after more than one year29 | - | - | €100,000 | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | €100,000 | €100,000 | €100,000 | = |
| Amounts receivable within one year40/41 | €300,997 | €14,454 | €10,836 | €40,854 | €48,853 | ▲ 19.6% |
| Trade receivables40 | - | €6,457 | €8,092 | €2,107 | €2,922 | ▲ 38.7% |
| Other amounts receivable41 | - | €7,997 | €2,744 | €38,747 | €45,931 | ▲ 18.5% |
| Current investments50/53 | - | - | - | - | €300,000 | - |
| Cash at bank and in hand54/58 | €4,413 | €314,577 | €195,673 | €407,428 | €43,229 | ▼ 89.4% |
| Deferred charges and accrued income490/1 | - | €19,473 | €4,419 | €4,562 | €5,574 | ▲ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €712,281 | €708,555 | €682,328 | €785,606 | €728,639 | ▼ 7.3% |
| Equity10/15 | €545,272 | €630,075 | €612,240 | €755,203 | €724,941 | ▼ 4.0% |
| Contributions10/11 | €82,894 | €82,894 | €82,894 | €82,894 | €82,894 | = |
| Capital10 | - | €82,894 | €82,894 | €82,894 | €82,894 | = |
| Issued capital100 | - | €82,894 | €82,894 | €82,894 | €82,894 | = |
| Revaluation surpluses12 | - | €239,018 | €230,111 | €116,777 | €112,075 | ▼ 4.0% |
| Reserves13 | €481,698 | €69,247 | €78,154 | €334,451 | €339,153 | ▲ 1.4% |
| Non-distributable reserves130/1 | - | €11,348 | €11,348 | €8,289 | €8,289 | = |
| Legal reserve130 | - | €11,348 | €11,348 | €8,289 | €8,289 | = |
| Distributable reserves133 | - | €57,899 | €66,806 | €326,162 | €330,864 | ▲ 1.4% |
| Profit (loss) carried forward14 | -€267,246 | €238,916 | €221,082 | €221,082 | €190,819 | ▼ 13.7% |
| Provisions and deferred taxes16 | €140,453 | - | - | - | - | - |
| Amounts payable17/49 | €26,557 | €78,481 | €70,088 | €30,402 | €3,699 | ▼ 87.8% |
| Amounts payable after more than one year17 | €7,282 | - | €22,062 | €0 | - | - |
| Financial debts170/4 | - | - | €22,062 | €0 | - | - |
| Amounts payable within one year42/48 | €13,527 | €73,277 | €43,860 | €26,158 | €2,805 | ▼ 89.3% |
| Current portion of amounts payable after more than one year42 | - | - | €5,903 | €0 | - | - |
| Trade debts44 | €5,384 | €12,279 | €7,269 | €3,190 | €2,805 | ▼ 12.1% |
| Suppliers440/4 | - | €12,279 | €7,269 | €3,190 | €2,805 | ▼ 12.1% |
| Taxes, remuneration and social security45 | - | €60,006 | €387 | €22,968 | €0 | ▼ 100% |
| Taxes450/3 | - | €60,006 | €387 | €22,968 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €993 | €30,301 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €5,203 | €4,166 | €4,245 | €894 | ▼ 78.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,933 | €84,803 | -€17,835 | €251,594 | -€30,263 | ▼ 112% |
| + Depreciation and write-downs630 | €25,030 | €27,429 | €30,214 | €18,955 | €21,772 | ▲ 14.9% |
| Operating cash flow (approximation) | €42,963 | €112,232 | €12,379 | €270,549 | -€8,491 | ▼ 103% |
| Investment in fixed assets (approximation) | - | -€10,044 | -€41,562 | €119,684 | -€19,995 | ▼ 117% |
| Change in cash | - | €310,164 | -€118,904 | €211,755 | -€364,200 | ▼ 272% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€30,263
Net result drops to -€30,263, the lowest in the series.
30-06
Financial
Liquidity times 8current ratio 177.41
Current ratio from 21.14 to 177.41; short-term debt falls from €26,158 to €2,805.
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €251,594
Net result €251,594 after one loss-making year.
30-06
Financial
Liquidity triplescurrent ratio 21.14
Current ratio from 7.09 to 21.14; short-term debt falls from €43,860 to €26,158.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
30-06
Financial
Back to profitnet €17,933
Net result €17,933 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
Show earlier events
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Visé · 1 establishment unit since 1992
Ground area
1,068 m²
Building footprint
392 m²
Volume, LiDAR
3,359 m³
2 parcels, Wallonia · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Haute(VIS) 36, 4600 Visé
since 19922.057.704.352
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108C0146/00K000 | Wallonia | 937 m² | 1 · 255 m² | 11.0 m · 3 fl. |
| 62108A0344/00X000 | Wallonia | 130 m² | 1 · 137 m² | 14.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WERPAX
BE 0870.717.530
Kontich · Eq €724,062
AUGER GROUP
BE 0478.077.861
Kasterlee · Eq €723,182
HYDRAULISCH MATERIAAL
BE 0424.186.740
Grimbergen · Eq €721,845
JOMADI
BE 0556.749.415
Lebbeke · Eq €735,228
HALFEN
BE 0401.906.236
Schoten · Eq €739,306
Of 828 companies in sector 46620 we hold annual accounts for 642. 526 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-1991
Fiscal year end30-06
Activities, NACEBEL 2025
46620Wholesale of machine tools
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446046085
Also
9925:BE0446046085
Registered
31-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.