IIphi

Active

Private limited companyfounded 201412 yrs activeStationsstraat 63, 3400 Landen, BelgiumKBO/BCE: BE 0551.883.379

IIphi has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-81k) and a net result of €-49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

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Checked score

Score 2025

29 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-3

Solvency0▼-4

Growth58▼-20

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.41 against 1.79 in 2024; short-term debt: 33.3% and cash: 0% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-103.3%

Return on assets

-62.8%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

19202122232425

2019 to 2025 · latest year €-81k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

on the day

2024

3 d early

2023

10 d early

2022

19 d early

2021

41 d early

2020

44 d early

2019

44 d early

← before the deadline after the deadline →

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 months

Position in the running window

16-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-81k▼ 155%

2024 · €-32k

2019: €-35k 2020: €-48k 2021: €-34k 2022: €-15k 2023: €-5k 2024: €-32k

2019 → 2025

Total assets

€79k▼ 49.1%

2024 · €154k

2019: €234k 2020: €208k 2021: €204k 2022: €199k 2023: €200k 2024: €154k

2019 → 2025

Net result

€-49k▼ 86.7%

2024 · €-26k

2019: €-59k 2020: €-13k 2021: €13k 2022: €19k 2023: €10k 2024: €-26k

2019 → 2025

Working capital

€-15k

2024 · €31k

2019: €10k 2020: €5k 2021: €24k 2022: €56k 2023: €53k 2024: €31k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-34k-€-15k▲ 55.6%€-5k▲ 64.0%€-32k▼ 483%€-81k▼ 155%

Operating result€19k-€35k▲ 79.9%€26k▼ 24.6%€-15k€-39k▼ 168%

Net result€13k-€19k▲ 43.5%€10k▼ 49.0%€-26k€-49k▼ 86.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €39k in 2025 against €15k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €79k

86.2%

13.8%

Fixed assets €68k▼ 18.4%

Current assets €11k▼ 84.8%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-23k▼

2024 · €4k

Cash flow

€-33k▼

2024 · €-8k

Solvency

-103.3%▼

2024 · -20.7%

Current ratio

0.41▼

2024 · 1.79

Quick ratio

0.10▲

2024 · 0.01

Debt / equity

-1.97▲

2024 · -5.84

ROA

-62.8%▼

2024 · -17.1%

Interest coverage

-2.32▼

2024 · 0.31

Debt

€160k▼

2024 · €186k

Debt ≤ 1 year

€26k▼

2024 · €40k

Debt > 1 year

€133k▼

2024 · €146k

Income taxes

€167▼

2024 · €183

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€154k€79k▼

Fixed assets21/28€83k€68k▼

Tangible fixed assets22/27€83k€68k▼

Land and buildings22€58k€50k▼

Plant, machinery and equipment23€8k€6k▼

Furniture and vehicles24€17k€12k▼

Current assets29/58€71k€11k▼

Stocks and contracts in progress3€71k€8k▼

Stocks30/36€71k€8k▼

Amounts receivable within one year40/41€5€3k▲

Trade receivables40-€3k

Other amounts receivable41€5-

Cash at bank and in hand54/58€0€0=

Deferred charges and accrued income490/1€367€107▼

Equity and liabilities

Total equity and liabilities10/49€154k€79k▼

Equity10/15€-32k€-81k▼

Contributions10/11€33k€33k=

Reserves13€10k€10k=

Non-distributable reserves130/1€3k€3k=

Reserves not available under the articles1311€3k€3k=

Distributable reserves133€7k€7k=

Profit (loss) carried forward14€-75k€-125k▼

Amounts payable17/49€186k€160k▼

Amounts payable after more than one year17€146k€133k▼

Financial debts170/4€146k€133k▼

Amounts payable within one year42/48€40k€26k▼

Current portion of amounts payable after more than one year42€13k€13k▲

Financial debts43€17k€6k▼

Credit institutions430/8€17k€6k▼

Trade debts44€2k€2k▼

Suppliers440/4€2k€2k▼

Taxes, remuneration and social security45€8k€2k▼

Taxes450/3€6k€987▼

Remuneration and social security454/9€1k€1k▲

Other amounts payable47/48-€2k

Accrued charges and deferred income492/3-€580

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼

Other operating charges640/8€2k€1k▼

Gross operating margin9900€6k€-22k▼

Operating profit (loss)9901€-15k€-39k▼

Financial income75/76B€277€7▼

Recurring financial income75€277€7▼

Financial charges65/66B€12k€10k▼

Recurring financial charges65€12k€10k▼

Profit (loss) for the period before taxes9903€-26k€-49k▼

Income taxes67/77€183€167▼

Profit (loss) for the period9904€-26k€-49k▼

Profit (loss) for the period to be appropriated9905€-26k€-49k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-75k€-125k▼

Profit (loss) brought forward from the previous period14P€-49k€-75k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

21-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

12-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-06

Financial Highest result since 2019net €19k ▲43.5%

Operating result €35k, net result €19k, both a record.

2021

21-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

30-06

Financial Back to profitnet €13k

Net result €13k after 2 loss-making years.

2020

18-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2019

18-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

30-01

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2017

28-12

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2016

22-12

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Landen · 1 establishment unit since 2014

establishment The establishment unit on the map

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.

Stationsstraat 633400 Landen

Ground area

165 m²

Building footprint

170 m²

Volume, LiDAR

1,008 m³

Parcel 24059B1263/00X003, Flanders · tallest building 12.8 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Lingerie Naturelle

Stationsstraat 63, 3400 LandenRetail trade

since 20142.230.697.023

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24059B1263/00X003	Flanders	165 m²	1 · 170 m²	12.8 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

LES DESSOUS D'AURELIE

BE 0867.268.585

Tournai · Eq €22k

Of 519 companies in sector 47714 we hold annual accounts for 263. 187 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded30-04-2014

Fiscal year end31-12

Activities, NACEBEL

47714Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.