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I.P.F.

Active
Private limited companyfounded 1988active for 38 yearsVlinderstraat 24, 2260 Westerlo, BelgiumKBO/BCE: BE 0434.067.773

From the official registers: KBO 37 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

I.P.F. has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252,056 and a net result of €4,225. Equity has been growing by about 4.2% per year since 2019. Its solvency ranks better than 70% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Official details

KBO
Status
Active since 19-04-1988 Normal situation
Activity
Other specialised construction activities NACE 43990and 1 other
Establishment unit
2.038.338.501 2260 Westerlo, since 19-09-1994
Financial year end
31 December
Peppol
Reachable since 21-10-2025

Board and ownership

Financial position

81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Gross margin
€47,965
▲ 52.4%
Turnover
≈ €420,000
estimated
Profit
€4,225
▼ 28.2%
Equity
€252,056
▼ 5.8%
Total assets
€390,458
▼ 15.1%
Filed on 30-07-2026, 1 day before the deadlineat the National Bank
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 1.54, cash €461, halvedlowers riskFounded in 1988Equity €252,056 (64.6% of total assets)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 38% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 90+7
equity 64.6% of total assets
Liquidity 42=
short-term debt 23.5% · cash 0.1%
Profitability 50+3
return on assets 1.1%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.2 percentage points vs 06-2025 08-2025: 0.3%▼ -0.2 percentage points vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.3%● unchanged vs 10-2025lowest value 12-2025: 0.3%● unchanged vs 11-2025lowest value 01-2026: 0.3%● unchanged vs 12-2025lowest value 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.5%● unchanged vs 09-2026highest value
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.64 in 2024), above the usual 1.5. Short-term debt is 23.5% and cash 0.1% of total assets. 35.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 70% of them on solvency, 31% on liquidity, 24% on profitability and 28% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
raises risk · Liquidity: current ratio 1.54, cash €461, halved
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €252,056 (64.6% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
12 days early
2023
on the day
2022
1 day early
2021
8 days late
2020
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 88% of companies in specialised constructionsector median €57,811 · 34,914 companies €252,056 View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 5 years View
  • Positive: 5 profitable years in a rowprofit 2025: €4,225 5 years View

Comparable companies

These companies have the same main activity as I.P.F.: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €315,000 and €472,000, founded between 1982 and 1994.

CompanyTotal assetsGross margin
I.P.F. Westerlo€390,458€47,965
BELGISCH VERZEKERING REGISTRATIE BURO - BUREAU POUR LA REGISTRATION DES ASSURANCES BELGES Sint-Jans-Molenbeek€326,762€53,681
Michiels Tielt-Winge€343,818€53,164
LA SECURITE Brussel€315,070€43,296
B & D SYSTEMS Sint-Katelijne-Waver€434,093€64,811
DE VRESSE Antwerpen€472,476€31,744
CDB support & service Wuustwezel€451,771€77,120
Full comparison

Documents

Annual accounts at the NBB

All 37 annual accounts

Articles and registers

Key facts about I.P.F.

What is the company number of I.P.F.?
The company number of I.P.F. is 0434.067.773. The VAT number is the same number with BE in front: BE 0434.067.773.
Where is I.P.F. based?
The registered office is at Vlinderstraat 24, 2260 Westerlo.Company details
What does I.P.F. do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of I.P.F.?
The legal form of I.P.F. is Private limited company (BV).
When was I.P.F. founded?
I.P.F. was founded on 19-04-1988.
Is I.P.F. still active?
Yes, I.P.F. is an active enterprise in the KBO register.
What is the turnover of I.P.F.?
The turnover in financial year 2025 is ≈ €420,000. This figure is estimated from the gross margin of €47,965 and 92 comparable companies (NACE 43990). It probably lies between €280,000 and €740,000.Financials
Is I.P.F. profitable?
In financial year 2025, I.P.F. made a profit of €4,225.
Where can I find the annual accounts of I.P.F.?
I.P.F. filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of I.P.F. due?
I.P.F. must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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