I-PROJECTS SYSTEMS
ActiveSummary
The computed 12-month bankruptcy probability of I-PROJECTS SYSTEMS is 2.6% (moderate). The 2025 annual accounts show equity of €53,360 and a net result of €45,367. Its solvency ranks better than 15% of 28254 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+36
Solvency36▲+8
Growth78
Track record94
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.12 in 2024; short-term debt: 70.5% and cash: 17.8% of total assets), and 88.8% 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
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
24 d early
2024
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 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 trust this company with building work?Contractor check 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 What other support did companies like this one receive, and it did not?Public money
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
Equity
€53,360▲ 493%
2024 · €8,993
Total assets
€474,782▲ 57.1%
2024 · €302,127
Net result
€45,367
2024 · -€1,007
Working capital
€67,794▲ 188%
2024 · €23,529
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20242025
Operating result€24,334-€77,139▲ 217%
Net result-€1,007below the sector's middle half-€45,367above the sector's middle half
Equity€8,993below the sector's middle half-€53,360within the sector's middle half▲ 493%
Total assets€302,127above the sector's middle half-€474,782above the sector's middle half▲ 57.1%
Debt€293,133-€421,422▲ 43.8%
Working capital€23,529within the sector's middle half-€67,794within the sector's middle half▲ 188%
Solvency3.0%below the sector's middle half-11.2%below the sector's middle half▲ 8.3pp
Current ratio1.12within the sector's middle half-1.20within the sector's middle half▲ 0.08
Return on assets (ROA)-0.3%below the sector's middle half-9.6%within the sector's middle half▲ 9.9pp
Staff (FTE)0.8-1▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 217% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €474,782
Fixed assets
€72,414 ▼ 18.1%
Current assets
€402,368 ▲ 88.2%
Equity and liabilities €474,782
Equity
€53,360 ▲ 493%
Debt
€421,422 ▲ 43.8%
Debt's share of the balance-sheet total falls from 97.0% to 88.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101,383▲
2024 · €58,273
Cash flow
€69,612▲
2024 · €32,932
Quick ratio
0.87▲
2024 · 0.62
Debt to equity
7.90▼
2024 · 32.59
ROE
85.0%▲
2024 · -11.2%
Interest coverage
5.27▲
2024 · 2.46
Debt ≤ 1 year
€334,574▲
2024 · €190,227
Debt > 1 year
€86,848▼
2024 · €102,906
Income taxes
€13,557▲
2024 · €2,401
Staff costs
€58,227▲
2024 · €50,693
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,662 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% | 1.7% |
| 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 75% 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 7,976 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €6,890 | - |
| Remuneration, social security and pensions62 | €50,693 | €58,227 | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,939 | €24,245 | ▼ 28.6% |
| Other operating charges640/8 | €3,883 | €1,047 | ▼ 73.0% |
| Gross operating margin9900 | €112,848 | €160,657 | ▲ 42.4% |
| Operating profit (loss)9901 | €24,334 | €77,139 | ▲ 217% |
| Financial income75/76B | €796 | €1,034 | ▲ 29.9% |
| Recurring financial income75 | €796 | €1,034 | ▲ 29.9% |
| Financial charges65/66B | €23,735 | €19,248 | ▼ 18.9% |
| Recurring financial charges65 | €23,735 | €19,248 | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €1,395 | €58,924 | ▲ 4,125% |
| Income taxes67/77 | €2,401 | €13,557 | ▲ 465% |
| Profit (loss) for the period9904 | -€1,007 | €45,367 | ▲ 4,607% |
| Profit (loss) for the period to be appropriated9905 | -€1,007 | €45,367 | ▲ 4,607% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €302,127 | €474,782 | ▲ 57.1% |
| Fixed assets21/28 | €88,371 | €72,414 | ▼ 18.1% |
| Tangible fixed assets22/27 | €88,371 | €72,414 | ▼ 18.1% |
| Plant, machinery and equipment23 | €88,371 | €72,414 | ▼ 18.1% |
| Current assets29/58 | €213,755 | €402,368 | ▲ 88.2% |
| Stocks and contracts in progress3 | €95,627 | €110,286 | ▲ 15.3% |
| Stocks30/36 | €44,408 | €42,120 | ▼ 5.2% |
| Contracts in progress37 | €51,219 | €68,166 | ▲ 33.1% |
| Amounts receivable within one year40/41 | €98,018 | €207,342 | ▲ 112% |
| Trade receivables40 | €84,038 | €183,358 | ▲ 118% |
| Other amounts receivable41 | €13,980 | €23,985 | ▲ 71.6% |
| Cash at bank and in hand54/58 | €20,111 | €84,739 | ▲ 321% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €302,127 | €474,782 | ▲ 57.1% |
| Equity10/15 | €8,993 | €53,360 | ▲ 493% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Reserves13 | - | €43,360 | - |
| Distributable reserves133 | - | €43,360 | - |
| Profit (loss) carried forward14 | -€1,007 | - | - |
| Amounts payable17/49 | €293,133 | €421,422 | ▲ 43.8% |
| Amounts payable after more than one year17 | €102,906 | €86,848 | ▼ 15.6% |
| Financial debts170/4 | €102,906 | €86,848 | ▼ 15.6% |
| Amounts payable within one year42/48 | €190,227 | €334,574 | ▲ 75.9% |
| Current portion of amounts payable after more than one year42 | €15,359 | €91,059 | ▲ 493% |
| Trade debts44 | €142,572 | €190,847 | ▲ 33.9% |
| Suppliers440/4 | €142,572 | €190,847 | ▲ 33.9% |
| Advances received on contracts in progress46 | - | €4,240 | - |
| Taxes, remuneration and social security45 | €7,296 | €23,396 | ▲ 221% |
| Taxes450/3 | €2,888 | €17,840 | ▲ 518% |
| Remuneration and social security454/9 | €4,408 | €5,556 | ▲ 26.1% |
| Other amounts payable47/48 | €25,000 | €25,032 | ▲ 0.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€1,007 | €45,367 | ▲ 4,607% |
| + Depreciation and write-downs630 | €33,939 | €24,245 | ▼ 28.6% |
| Operating cash flow (approximation) | €32,932 | €69,612 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€8,288 | - |
| Change in cash | - | €64,629 | - |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €45,367
Net result €45,367 after one loss-making year.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not 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
1 act for this company is 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, Gistel · 1 establishment unit since 2022
Ground area
2,975 m²
Building footprint
1,070 m²
Volume, LiDAR
3,404 m³
Parcel 35005D0707/00G000, Flanders · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
I-PROJECTS SYSTEMS
since 20222.338.277.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005D0707/00G000 | Flanders | 2,975 m² | 1 · 1,070 m² | 13.5 m · 2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 37 EUR awarded · 37 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 37 EUR | 37 EUR |
Similar companies · same sector, comparable size
Menuiserie Toiture Joris
BE 0830.991.080
Somme-Leuze · Eq €53,365
NAEGELS et Fils
BE 0539.892.991
Charleroi · Eq €53,329
E.G.E.C.O.
BE 0416.984.390
Oreye · Eq €53,397
GOEDJEAN & Co SPRL
BE 0670.850.614
Oupeye · Eq €53,306
ECOFRAMES
BE 0739.585.210
Manage · Eq €53,299
Of 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,445 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-11-2022
Fiscal year end31-03
Activities, NACEBEL 2025
43320Joinery installation
16230Manufacture of other builders' carpentry and joinery
25120Manufacture of fabricated metal products, except machinery and equipment
Contact
E-mail
info@i-projectssystems.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793502659
Also
9925:BE0793502659
Registered
18-07-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.