Equity
-€76,503
Debts exceed assets in financial year 2025.
Idepa
Lifetime
20 annual accounts with figures on one time axis, 48 filings since 1978peak €589,284 (2018)
-€14,260▲ €10,810
lowest -€139,447 (2024)
-€116,490▲ €22,957
peak €400,316 (2018)
-€76,503▼ €116,490
€1.1m▲ 7.5%
peak 0.2 FTE (2007)
-not published
Board4 names since 2022
3 directorsChristel Verbaenen and 2 others
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Gross margin from -€25,069 to -€14,260Loss of €116,490Equity from €39,987 to -€76,503Cash from €7,524 to €1,885
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 9% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.3%▼ -0.2 percentage points vs 04-2025lowest value
06-2025: 0.3%● unchanged vs 05-2025lowest value
07-2025: 0.3%● unchanged vs 06-2025lowest value
08-2025: 0.3%● unchanged 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: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.8%● unchanged vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€76,503
Loss of €116,490, the second in a row (financial year 2025)
Liquidity: current ratio 0.04, cash €1,885, halved
lowers risk
Size: total assets €1.1m
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 (no NACE code, micro). It does better than 13% of them on solvency, 11% on liquidity, 10% on profitability and 1% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 678 companies had the same profile as Idepa has now. Each dot stands for 2 companies, two years later.
84.5%
were still trading
6.2%
stopped another way
6.8%
went bankrupt
Another 2.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Idepa itself is lower: 0.8% within 12 months. It rests on far more data about Idepa than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 678 companies, not a prediction for Idepa. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.04 (0.01 in 2024), below 1. Short-term debt is 64.5% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€76,503
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
127 days early
2023
12 days early
2022
8 days early
2021
29 days late
2020
29 days late
2019
12 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 17 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 20 July (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
1 director appointed, 1 resignation, 3 reappointments
Reappointments: Herbert De Paep (managing director), Christel Verbaenen and Jan De Paep · Resignation: Jan De Paep · Appointment: Frederik De Paep · General meeting of 15-10-2025 · Gazette deed
Registered office moved to Wilrijk
New registered office: Schoonselstraat 4, 2610 Wilrijk · Board meeting of 08-02-2021 · Gazette deed
First establishment
Schoonselstraat 4, Antwerp
Official details
Source: KBO- Status
- Active since 08-05-1977Normal situation
- Activity
- No activity registered in the KBO
- Joint committee
- 323Building management, estate agents and domestic staff · annual accounts 2021
- Establishment unit
- 2.014.303.7802610 Antwerp, since 01-01-1978
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- €1.1m▼ 3.4%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on Idepa
Idepa has existed since 1977. In 2018 the gross margin rose from €49,785 to €589,284.
Solvency fell in 2025 from 3.4% to -6.7% because of the loss and higher long-term debts.
In January 2026, the Official Gazette published the appointment of Herbert De Paep as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Idepa
- What is the company number of Idepa?
- The company number of Idepa is 0417.495.819. The VAT number is the same number with BE in front: BE 0417.495.819.
- Where is Idepa based?
- The registered office is at Schoonselstraat 4, 2610 Antwerp.Company details
- What is the legal form of Idepa?
- Idepa is a public limited company (NV).
- When was Idepa founded?
- Idepa was founded on 08-05-1977.
- Is Idepa still active?
- Yes, Idepa is an active enterprise in the KBO register.
- How many employees does Idepa have?
- Idepa had an average of 0.4 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- Which joint committee does Idepa fall under?
- In its 2021 annual accounts, Idepa states joint committee 323 (Building management, estate agents and domestic staff).
- What is the turnover of Idepa?
- The annual accounts for financial year 2025 state no turnover.
- Is Idepa profitable?
- In financial year 2025, Idepa made a loss of €116,490.
- Where can I find the annual accounts of Idepa?
- Idepa filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Idepa due?
- Idepa must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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