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I.P.G.S. SERVICES

Active
Private limited companyfounded 2014active for 12 yearsLangehaagstraat 35-39, 1000 Brussel, BelgiumKBO/BCE: BE 0544.946.196
Summary

The computed 12-month bankruptcy probability of I.P.G.S. SERVICES is 7.2% (elevated). The 2024 annual accounts show equity of €110,624 and a net result of €6,590. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 22% of 288 sector peers (NACE 78, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 29-01-2014 Normal situation
Registered office
14 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Temporary employment agencies and other provision of personnel NACE 78200and 2 others
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
Establishment unit
2.227.370.121 1000 Brussel, since 10-02-2014
Financial year end
31 December
Peppol
Reachable since 05-01-2026

Board and ownership

Financial position

34 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
7.2%
Annual accounts 2024
Gross margin
€353,034
▼ 4.2%
Turnover
≈ €830,000
estimated
Profit
€6,590
▼ 49.8%
Equity
€110,624
▲ 6.3%
Total assets
€1.3m
▲ 54.4%
Employees on 31-12-2024
10
  • 2025 accounts not filed, 93 days past the deadline
Filed on 01-07-2026
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 335 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 02-07-2026)Size: 7.2 FTE, total assets €1.3mLiquidity: current ratio 0.68, cash €26,877Show the evidence

Checked score

Score 2024
34 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 30% of micro companies in employment activities (NACE 78)
Financial strength · tick: 2023
Weak
Solvency 33-4
equity 8.4% of total assets
Liquidity 3-2
short-term debt 91.6% · cash 2.0%
Profitability 69+14
return on assets 0.5%
Bankruptcy probability within 12 months
7.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,376 companies, NACE 78, micro)
Last 24 months 12-2024: 1.9% 01-2025: 1.8%▼ -0.1 percentage points vs 12-2024 02-2025: 1.9%▲ +0.1 percentage points vs 01-2025 03-2025: 1.8%▼ -0.1 percentage points vs 02-2025 04-2025: 1.9%▲ +0.1 percentage points vs 03-2025 05-2025: 1.8%▼ -0.1 percentage points vs 04-2025lowest value 06-2025: 1.9%▲ +0.1 percentage points vs 05-2025 07-2025: 2.0%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.3 percentage points vs 07-2025 09-2025: 2.8%▲ +0.5 percentage points vs 08-2025 10-2025: 4.1%▲ +1.3 percentage points vs 09-2025 11-2025: 2.4%▼ -1.7 percentage points vs 10-2025 12-2025: 2.9%▲ +0.5 percentage points vs 11-2025 01-2026: 3.7%▲ +0.8 percentage points vs 12-2025 02-2026: 3.7%● unchanged vs 01-2026 03-2026: 3.8%▲ +0.1 percentage points vs 02-2026 04-2026: 3.4%▼ -0.4 percentage points vs 03-2026 05-2026: 3.4%● unchanged vs 04-2026 06-2026: 3.4%● unchanged vs 05-2026 07-2026: 3.4%● unchanged vs 06-2026 08-2026: 5.3%▲ +1.9 percentage points vs 07-2026 09-2026: 6.0%▲ +0.7 percentage points vs 08-2026 10-2026: 7.2%▲ +1.2 percentage points vs 09-2026highest value 11-2026: 7.2%● unchanged vs 10-2026highest value
Credit of up to €3,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.68 (0.49 in 2023), below 1. Short-term debt is 91.6% and cash 2% of total assets. 91.6% 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 78, micro). It does better than 23% of them on solvency, 4% on liquidity, 41% on profitability and 52% on growth.

The bankruptcy probability was computed on 01-11-2026 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

Seven signals.
raises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 335 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 02-07-2026)
NBB · annual accounts
raises risk · Size: 7.2 FTE, total assets €1.3m
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.68, cash €26,877
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 288 sector peers (2024).
NBB · sector comparison
Position among 288 sector peers
Solvency
better than 22%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 93 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline01-11-2026 today
raises risk · 2024 accounts filed 335 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2026, 335 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
335 days late
2023
63 days late
2022
150 days late
2021
58 days late
2020
104 days late
2018
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 118 days after the deadline. In the sector (NACE 78), the median for financial year 2024 was 14 days before the deadline, and 30% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • New directorslatest change 16-12-2025 · 2 in office 2 joined View
  • Positive: 6 profitable years in a rowprofit 2024: €6,590 6 years View

Recent changes

  1. · Gazette deed Registered office moved within BruxellesChanges of role: EL FAKIRI Farid (director) and BURVENICH Laurent (director)
  2. · Gazette deed Registered office moved within Bruxelles
  3. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as I.P.G.S. SERVICES: temporary employment agencies and other provision of personnel (NACE 78200). They are comparable in size and age: total assets between €585,000 and €2.2m, founded between 2011 and 2017.

CompanyTotal assetsGross margin
I.P.G.S. SERVICES Brussel€1.3m€0.4m
VentureLab Liège€2.2m€0.6m
YES!talents Antwerpen€1.4m€0.8m
UU Brussel€0.7m€0.8m
The Mug Enghien Enghien€0.8m€0.2m
DELTAWORX BELGIUM Antwerpen€2.2m€0.8m
EHRS Gent€0.6m€0.4m
Full comparison

Key facts about I.P.G.S. SERVICES

What is the company number of I.P.G.S. SERVICES?
The company number of I.P.G.S. SERVICES is 0544.946.196. The VAT number is the same number with BE in front: BE 0544.946.196.
Where is I.P.G.S. SERVICES based?
The registered office is at Langehaagstraat 35-39, 1000 Brussel.Company details
What does I.P.G.S. SERVICES do?
According to the KBO register, the main activity is temporary employment agencies and other provision of personnel (NACE 78200).
What is the legal form of I.P.G.S. SERVICES?
The legal form of I.P.G.S. SERVICES is Private limited company (BV).
When was I.P.G.S. SERVICES founded?
I.P.G.S. SERVICES was founded on 29-01-2014.
Is I.P.G.S. SERVICES still active?
Yes, I.P.G.S. SERVICES is an active enterprise in the KBO register.
How many employees does I.P.G.S. SERVICES have?
I.P.G.S. SERVICES had an average of 7.2 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
Which joint committee does I.P.G.S. SERVICES fall under?
In its 2024 annual accounts, I.P.G.S. SERVICES states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of I.P.G.S. SERVICES?
The turnover in financial year 2024 is ≈ €830,000. This figure is estimated from the gross margin of €353,034 and 2,285 comparable companies of the same size. It probably lies between €500,000 and €1.4m. It is a rough estimate. In financial year 2023 turnover was €1.6m.
Is I.P.G.S. SERVICES profitable?
In financial year 2024, I.P.G.S. SERVICES made a profit of €6,590.
Where can I find the annual accounts of I.P.G.S. SERVICES?
I.P.G.S. SERVICES filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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