I.P.G.S. SERVICES
The computed 12-month bankruptcy probability of I.P.G.S. SERVICES is 0.8% (low). The 2024 annual accounts show equity of €111k and a net result of €7k. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 38% of 40 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €111k |
| Net result | €7k |
| Staff (FTE) | 7.2 |
| Better than sector | 38% |
Mixed profile: strong on stability, weaker on solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.4% | 17.6% | |
| Net result | €7k | €9k | |
| Equity | €111k | €167k | |
| Staff costs | €322k | €1.45M | |
| Employees (FTE) | 7.2 | 13.8 |
Show 14 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €11k |
| Net profit | €7k |
| Cash flow | €8k |
| Staff costs | €322k |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €1.32M |
| Equity | €111k |
| Debt | €1.21M |
| of which ≤ 1y | €1.21M |
| of which > 1y | - |
| Working capital | €-380k |
| Employees (FTE) | 7.2 |
| 2024 | |
|---|---|
| Current ratio | 0.68 |
| Quick ratio | 0.68 |
| Working capital ratio | -28.9% |
| Solvency | 8.4% |
| Debt / equity | 10.89 |
| Long-term debt ratio | - |
| Interest coverage | 8.01 |
| Gross margin | - |
| Net margin | - |
| ROA | 0.5% |
| ROE | 6.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (23 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.32M |
| Fixed assets | 21/28 | €491k |
| Tangible fixed assets | 22/27 | €26k |
| Financial fixed assets | 28 | €465k |
| Current assets | 29/58 | €825k |
| Amounts receivable within one year | 40/41 | €170k |
| Cash & bank | 54/58 | €27k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.32M |
| Equity | 10/15 | €111k |
| Contributions / capital | 10/11 | €7k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €102k |
| Amounts payable | 17/49 | €1.21M |
| Amounts payable within one year | 42/48 | €1.21M |
| Trade debts payable within one year | 44 | €156k |
| Income statement | ||
| Gross operating margin | 9900 | €353k |
| Operating result | 9901 | €9k |
| Financial income | 75 | €2k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €10k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €7k |
| Result to be appropriated | 9905 | €7k |
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Current16-12-2025 → present
-
Current16-12-2025 → present
Former directors (2)
-
Former16-03-2015 → 17-01-2018
2 events
- 17-01-2018 Resigned· Managing director
- 16-03-2015 Appointed· Manager
-
Former- → 16-03-2015
| NACE primary | Activiteiten van uitzendbureaus en andere diensten in verband met personeelsvoorziening(78200) |
| Legal form | Private limited company(610) |
| Incorporation | 29-01-2014 |
| Status | Active |
| Postal code | 1000 |
Show 2 more network connections
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0070/00K000 | Brussels | 388 m² | 1 · 285 m² | 19.6 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-12-2025 Articles of association amended
Technical details
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"signature_regime": "solo",
"special_mandates": [
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"quote": "L\u2019assembl\u00E9e conf\u00E8re au notaire soussign\u00E9 tous pouvoirs pour l\u2019\u00E9tablissement des statuts coordonn\u00E9s et leur d\u00E9p\u00F4t au Greffe du Tribunal de l\u2019Entreprise comp\u00E9tent.",
"holder_kbo": null,
"holder_name": "Marie THIEBAUT",
"scope_categories": [
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"governance_change": {
"admin_delegated_added": []
}
}06-10-2023 Registered office moved within Bruxelles
- Avenue Louise 66, 1050 BRUXELLES → rue de la Longue Haie 35-39, 1000 Bruxelles
Technical details
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"region": "Brussels",
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"effective_date": "2023-09-18",
"evidence_quote": "Il a \u00E9t\u00E9 d\u00E9cid\u00E9 \u00E0 l\u0027unanimit\u00E9 de transf\u00E9rer le si\u00E8ge social. Dor\u00E9navant, l\u0027adresse du si\u00E8ge social sera: rue de la Longue Haie 35-39 1000 Bruxelles, et ce, avec effet imm\u00E9diat."
}
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}04-05-2018 Pierre BROWET resigns as managing director
- Pierre BROWET, Gedelegeerd bestuurder
Technical details
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"effective_date": "2018-01-17",
"evidence_quote": "L\u0027assembl\u00E9e prend acte de la d\u00E9mission de Mr. Pierre BROWET, domicili\u00E9 \u00E0 1380 Ohain, Chemin du Moulin, 1. n\u00E9 \u00E0 Etterbeek le 7 octobre 1963, au 17 janvier 2018. D\u00E9charge lui est donn\u00E9e pour l\u0027exercice de ses fonction dans le cadre de son mandat de g\u00E9rant.",
"discharge_granted": true
}
],
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}19-05-2016 Registered office moved from Nivelles to Bruxelles
- Rue de L'industrie 20, 1400 Nivelles → Avenue Louise 66, 1050 Bruxelles
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
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"region": "Brussels Gewest",
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},
"old_address": {
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"region": "Waals",
"street": "Rue de L\u0027industrie",
"country": "BE",
"postcode": "1400",
"box_number": null,
"street_number": "20"
},
"effective_date": "2016-04-01",
"evidence_quote": "L\u0027Assembl\u00E9e d\u00E9cide \u00E0 l\u0027unanimit\u00E9 le transfert du si\u00E8ge social \u00E0 Avenue Louise 66 \u00E0 1050 Bruxelles avec: effet au 01 avril 2016."
}
],
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}20-11-2015 Change in the board of directors
Technical details
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}
}09-11-2015 1 director appointed, 1 resigning
- BROWET Pierre, Zaakvoerder
- WILMS Laurent, Zaakvoerder
Technical details
{
"events": [
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"person": {
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"name": "WILMS Laurent",
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"effective_date": "2015-03-16",
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"discharge_granted": true
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"name": "BROWET Pierre",
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},
"effective_date": "2015-03-16",
"evidence_quote": "Mr BROWET Pierre est agr\u00E9\u00E9 comme nouveau g\u00E9rant qui accepte cette nomination avec effet imm\u00E9diat"
}
],
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"legal_form": "SPRL"
}
}11-02-2014 Incorporation of a new SRL
Technical details
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"founders": [
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"person": {
"dob": "1975-02-22",
"name": "BURVENICH Laurent",
"niss": null,
"address": "Braine-L\u0027Alleud, avenue Grande Closi\u00E8re, 18"
},
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"person": {
"dob": "1976-03-30",
"name": "WILMS Laurent Raymond Jacques Lucien",
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"address": "Ottignies-Louvain-La-Neuve (1340), rue du Bauloy, 32"
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{
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"person": {
"dob": "1978-07-20",
"name": "EL FAKIRI Farid",
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"address": "Saintes (1480), avenue Henri Wautier, 17"
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],
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"incorporation_date": "2014-01-29",
"post_incorporation_mandates": []
}| Legal nameFR | I.P.G.S. SERVICES |