IP MODUS
ActiveSummary
IP MODUS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,123 and a net result of €32,599. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 79% of 31840 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+3
Solvency100▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 5.68 against 2.94 in 2024; short-term debt: 17.4% and cash: 80.9% of total assets), and 17.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
82.6%
Return on assets
17.8%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
34 d early
2023
35 d early
2022
18 d late
2021
31 d late
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€151,123▲ 3.3%
2024 · €146,324
Total assets
€182,949▼ 16.7%
2024 · €219,637
Net result
€32,599▼ 1.6%
2024 · €33,139
Working capital
€148,817▲ 4.4%
2024 · €142,529
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,368▼ 43.8%€88,828▲ 54.8%€70,299▼ 20.9%€49,560▼ 29.5%€50,202▲ 1.3%
Net result€21,672▼ 65.7%€42,873▲ 97.8%€23,279▼ 45.7%€33,139▲ 42.4%€32,599▼ 1.6%
Equity€106,033▲ 1.6%€100,406▼ 5.3%€123,685▲ 23.2%€146,324▲ 18.3%€151,123▲ 3.3%
Total assets€208,072▼ 5.6%€222,121▲ 6.8%€214,108▼ 3.6%€219,637▲ 2.6%€182,949▼ 16.7%
Debt€102,039▼ 12.1%€121,715▲ 19.3%€90,423▼ 25.7%€73,313▼ 18.9%€31,826▼ 56.6%
Working capital€101,948▲ 7.2%€83,501▼ 18.1%€113,646▲ 36.1%€142,529▲ 25.4%€148,817▲ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182,949
Fixed assets
€2,306 ▼ 39.2%
Current assets
€180,643 ▼ 16.3%
Equity and liabilities €182,949
Equity
€151,123 ▲ 3.3%
Debt
€31,826 ▼ 56.6%
Debt's share of the balance-sheet total falls from 33.4% to 17.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,324▼
2024 · €55,804
Cash flow
€35,721▼
2024 · €39,383
Current ratio
5.68▲
2024 · 2.94
Debt to equity
0.21▼
2024 · 0.50
ROE
21.6%▼
2024 · 22.6%
ROA
17.8%▲
2024 · 15.1%
Interest coverage
323.96▼
2024 · 341.67
Debt ≤ 1 year
€31,826▼
2024 · €73,313
Income taxes
€17,598▲
2024 · €16,258
Staff costs
€237
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €237 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,974 | €4,889 | €7,224 | €6,245 | €3,123 | ▼ 50.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €718 | €505 | - | - |
| Other operating charges640/8 | €651 | €478 | €247 | €290 | €124 | ▼ 57.1% |
| Gross operating margin9900 | €66,993 | €94,195 | €78,488 | €56,599 | €53,685 | ▼ 5.1% |
| Operating profit (loss)9901 | €57,368 | €88,828 | €70,299 | €49,560 | €50,202 | ▲ 1.3% |
| Financial income75/76B | €0 | €0 | €157 | - | €160 | - |
| Recurring financial income75 | €0 | €0 | €157 | - | €160 | - |
| Financial charges65/66B | €25,167 | €29,869 | €33,680 | €163 | €165 | ▲ 0.8% |
| Recurring financial charges65 | €25,167 | €29,869 | €33,680 | €163 | €165 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €32,200 | €58,960 | €36,776 | €49,397 | €50,197 | ▲ 1.6% |
| Income taxes67/77 | €10,529 | €16,087 | €13,497 | €16,258 | €17,598 | ▲ 8.2% |
| Profit (loss) for the period9904 | €21,672 | €42,873 | €23,279 | €33,139 | €32,599 | ▼ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €21,672 | €42,873 | €23,279 | €33,139 | €32,599 | ▼ 1.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €208,072 | €222,121 | €214,108 | €219,637 | €182,949 | ▼ 16.7% |
| Fixed assets21/28 | €4,085 | €16,905 | €10,040 | €3,795 | €2,306 | ▼ 39.2% |
| Tangible fixed assets22/27 | €4,020 | €16,905 | €10,040 | €3,795 | €2,306 | ▼ 39.2% |
| Furniture and vehicles24 | €4,020 | €16,905 | €10,040 | €3,795 | €2,306 | ▼ 39.2% |
| Financial fixed assets28 | €65 | - | - | - | - | - |
| Current assets29/58 | €203,987 | €205,216 | €204,068 | €215,842 | €180,643 | ▼ 16.3% |
| Stocks and contracts in progress3 | €5,735 | €6,148 | €5,755 | €5,652 | - | - |
| Stocks30/36 | €5,735 | €6,148 | €5,755 | €5,652 | - | - |
| Amounts receivable within one year40/41 | €57,071 | €54,773 | €45,768 | €20,012 | €32,402 | ▲ 61.9% |
| Trade receivables40 | €47,767 | €45,468 | €44,265 | €18,509 | €32,084 | ▲ 73.3% |
| Other amounts receivable41 | €9,304 | €9,304 | €1,503 | €1,503 | €317 | ▼ 78.9% |
| Cash at bank and in hand54/58 | €140,418 | €141,340 | €149,414 | €190,025 | €147,941 | ▼ 22.1% |
| Deferred charges and accrued income490/1 | €763 | €2,956 | €3,132 | €153 | €300 | ▲ 95.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €208,072 | €222,121 | €214,108 | €219,637 | €182,949 | ▼ 16.7% |
| Equity10/15 | €106,033 | €100,406 | €123,685 | €146,324 | €151,123 | ▲ 3.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €50,660 | €72,442 | €95,721 | €118,359 | €122,559 | ▲ 3.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €48,800 | €70,582 | €93,861 | €116,499 | €122,559 | ▲ 5.2% |
| Profit (loss) carried forward14 | €36,773 | €9,365 | €9,365 | €9,365 | €9,964 | ▲ 6.4% |
| Amounts payable17/49 | €102,039 | €121,715 | €90,423 | €73,313 | €31,826 | ▼ 56.6% |
| Amounts payable within one year42/48 | €102,039 | €121,715 | €90,423 | €73,313 | €31,826 | ▼ 56.6% |
| Current portion of amounts payable after more than one year42 | €6,700 | €5,022 | - | - | - | - |
| Trade debts44 | €41,020 | €34,929 | €23,680 | €21,439 | €22,109 | ▲ 3.1% |
| Suppliers440/4 | €41,020 | €34,929 | €23,680 | €21,439 | €22,109 | ▲ 3.1% |
| Taxes, remuneration and social security45 | €9,874 | €1,897 | €1,178 | €7,730 | €6,762 | ▼ 12.5% |
| Taxes450/3 | €9,874 | €1,897 | €1,178 | €7,730 | €6,744 | ▼ 12.8% |
| Remuneration and social security454/9 | - | - | - | - | €18 | - |
| Other amounts payable47/48 | €44,445 | €79,868 | €65,565 | €44,144 | €2,956 | ▼ 93.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,672 | €42,873 | €23,279 | €33,139 | €32,599 | ▼ 1.6% |
| + Depreciation and write-downs630 | €8,974 | €4,889 | €7,224 | €6,245 | €3,123 | ▼ 50.0% |
| Operating cash flow (approximation) | €30,646 | €47,762 | €30,503 | €39,383 | €35,721 | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | -€17,709 | -€359 | €0 | -€1,634 | - |
| Change in cash | - | €921 | €8,075 | €40,610 | -€42,084 | ▼ 204% |
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
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €151,123 ▲3.3%
8 profitable years in a row build equity to €151,123.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €63,128 ▲41.5%
Operating result €102,155, net result €63,128, both a record.
31-12
Financial
Equity above €100,000Eq €104,361 ▲36.9%
3 profitable years in a row build equity to €104,361.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Waterloo · 1 establishment unit since 2002
Ground area
1,685 m²
Building footprint
157 m²
Volume, LiDAR
726 m³
Parcel 25763I0542/00A000, Wallonia · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IP MODUS
since 20022.114.430.843
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763I0542/00A000 | Wallonia | 1,684 m² | 1 · 157 m² | 5.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900PO2BXNDH1T5U29
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 40,797 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
Founded16-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478004914
Also
9925:BE0478004914
Registered
11-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.