Iepamag
ActiveIepamag has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.56M and a net result of €-115k. Equity is growing by ~5.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 15.4 against 21.32 in 2024), and 16.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.3%
Return on assets
-6.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192021222425
2018 to 2025 · latest year -€115k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
31 d late
2022
234 d late
2021
113 d late
2020
31 d late
2019
122 d late
2018
142 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-115k▼ 497%
2024 · €-19k
2018: €-36k
2019: €-45k
2020: €95k
2021: €-63k
2022: €903k
2024: €-19k
2018 → 2025
Working capital
€320k▼ 21.4%
2024 · €407k
2018: €616k
2019: €692k
2020: €881k
2021: €963k
2022: €2.25M
2024: €407k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€1.21M-€1.15M▼ 5.2%€2.01M▲ 74.5%€1.71M▼ 14.9%€1.56M▼ 8.7%
Operating result€170k-€-78k€1.20M€-2k€-58k▼ 3,174%
Net result€95k-€-63k€903k€-19k€-115k▼ 497%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€1.53M▼ 4.8%
Current assets
€342k▼ 19.9%
Equity and liabilities €1.87M
Equity
€1.56M▼ 8.7%
Provisions
€290k▼ 5.3%
Debt
€22k▲ 11.9%
The debt ratio rises from 1.0% to 1.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€20k▼
2024 · €76k
Cash flow
€-38k▼
2024 · €58k
Solvency
83.3%▼
2024 · 83.9%
Current ratio
15.40▼
2024 · 21.32
Quick ratio
15.40▼
2024 · 21.32
Debt / equity
0.01▲
2024 · 0.01
ROE
-7.4%▼
2024 · -1.1%
ROA
-6.2%▼
2024 · -0.9%
Interest coverage
41.92▲
2024 · 36.79
Debt
€22k▲
2024 · €20k
Debt ≤ 1 year
€22k▲
2024 · €20k
Income taxes
€73k▲
2024 · €32k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.04M€1.87M▼
Fixed assets21/28€1.61M€1.53M▼
Tangible fixed assets22/27€1.61M€1.53M▼
Land and buildings22€1.61M€1.53M▼
Financial fixed assets28€162€162=
Current assets29/58€427k€342k▼
Amounts receivable after more than one year29€17k€10k▼
Other amounts receivable291€17k€10k▼
Amounts receivable within one year40/41€183k€91k▼
Other amounts receivable41€183k€91k▼
Cash at bank and in hand54/58€181k€194k▲
Deferred charges and accrued income490/1€46k€48k▲
Equity and liabilities
Total equity and liabilities10/49€2.04M€1.87M▼
Equity10/15€1.71M€1.56M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.04M€987k▼
Non-distributable reserves130/1€23k€23k=
Legal reserve130€23k€23k=
Tax-exempt reserves132€939k€890k▼
Distributable reserves133€74k€74k=
Profit (loss) carried forward14€611k€512k▼
Provisions and deferred taxes16€307k€290k▼
Deferred taxes168€307k€290k▼
Amounts payable17/49€20k€22k▲
Amounts payable within one year42/48€20k€22k▲
Trade debts44€537€1k▲
Suppliers440/4€537€1k▲
Taxes, remuneration and social security45€19k€21k▲
Taxes450/3€19k€21k▲
Accrued charges and deferred income492/3€48€238▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€78k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€24k
Other operating charges640/8€12k€9k▼
Gross operating margin9900€88k€53k▼
Operating profit (loss)9901€-2k€-58k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€466▼
Recurring financial charges65€2k€466▼
Profit (loss) for the period before taxes9903€-4k€-59k▼
Transfer from deferred taxes780€16k€16k=
Income taxes67/77€32k€73k▲
Profit (loss) for the period9904€-19k€-115k▼
Transfer from tax-exempt reserves789€49k€49k=
Profit (loss) for the period to be appropriated9905€30k€-66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€842k€545k▼
Profit (loss) brought forward from the previous period14P€813k€611k▼
Profit to be distributed694/7€231k€33k▼
Return on contributions (dividend)694€231k€33k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-115k
Net result drops to €-115k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 234 days late
2022
31-12
Financial
Back to profitnet €903k
Net result €903k after one loss-making year.
31-12
Financial
Liquidity times 44current ratio 82.51
Current ratio from 1.89 to 82.51; short-term debt falls from €1.08M to €28k.
31-12
Financial
Equity above €2MEq €2.01M ▲74.5%
Equity rises from €1.15M to €2.01M.
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 113 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €95k
Net result €95k after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 142 days late
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 84 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Binche · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue aux Mourdreux(WAU) 237131 BincheGround area
2,958 m²
Building footprint
235 m²
Volume, LiDAR
1,377 m³
2 parcels, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Charleroi 2A, 1470 Genappe
since 19892.018.540.207
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56084B0449/00W000 | Wallonia | 2,737 m² | 1 · 201 m² | 9.3 m · 2 fl. |
| 25003D0024/00K004 | Wallonia | 221 m² | 1 · 34 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-02-1981
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.