IP4
ActiveSummary
IP4 has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3,289 and a net result of -€930. Equity is shrinking by about 17% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 25% of 22,382 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
- Equity
- €3,289
- Loss
- -€930
Why 63raises risk1 of the last 3 lateEquity €3,289 (4.8% of total assets)Founded in 2018lowers riskSize: total assets €67,891Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 47, micro): better than 22% on solvency, 24% on liquidity, 23% on profitability and 19% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 119 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €403 in 2025 against €7,053 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 849 companies that looked in July 2024 the way this one looks now, 4.7% went bankrupt within 24 months and 91.9% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a small loss
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 849 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €26,894 | €29,076 | €31,879 | €36,374 | €37,413 | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,836 | €1,932 | €1,467 | €1,857 | €1,858 | €934 | ▼ 49.7% |
| Other operating charges640/8 | - | - | €443 | €2,989 | €220 | - | €790 | - |
| Gross operating margin9900 | -€2,696 | €4,490 | €42,962 | €27,988 | €33,756 | €31,179 | €38,733 | ▲ 24.2% |
| Operating profit (loss)9901 | -€3,509 | -€9,094 | €13,693 | -€5,544 | -€200 | -€7,053 | -€403 | ▲ 94.3% |
| Financial income75/76B | - | - | €0 | €94 | €109 | €2,641 | - | - |
| Recurring financial income75 | - | €1 | €0 | €94 | €109 | €2,641 | - | - |
| Financial charges65/66B | - | - | €163 | €1,495 | €401 | €347 | €527 | ▲ 52.0% |
| Recurring financial charges65 | €0 | €312 | €163 | €1,495 | €401 | €347 | €527 | ▲ 52.0% |
| Profit (loss) for the period before taxes9903 | -€3,509 | -€9,405 | €13,530 | -€6,946 | -€492 | -€4,759 | -€930 | ▲ 80.5% |
| Profit (loss) for the period9904 | -€3,509 | -€9,405 | €13,530 | -€6,946 | -€492 | -€4,759 | -€930 | ▲ 80.5% |
| Profit (loss) for the period to be appropriated9905 | -€3,509 | -€9,405 | €13,530 | -€6,946 | -€492 | -€4,759 | -€930 | ▲ 80.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €30,812 | €21,802 | €49,043 | €45,271 | €53,768 | €67,544 | €67,891 | ▲ 0.5% |
| Fixed assets21/28 | €6,656 | €7,825 | €5,893 | €4,426 | €3,782 | €1,924 | €991 | ▼ 48.5% |
| Tangible fixed assets22/27 | €6,656 | €7,825 | €5,893 | €4,426 | €3,782 | €1,924 | €991 | ▼ 48.5% |
| Land and buildings22 | - | - | €2,103 | €1,402 | €701 | - | - | - |
| Plant, machinery and equipment23 | - | - | €2,319 | €1,718 | €1,760 | €769 | - | - |
| Furniture and vehicles24 | - | - | €1,471 | €1,305 | €1,321 | €1,156 | €991 | ▼ 14.3% |
| Current assets29/58 | €24,156 | €13,977 | €43,151 | €40,846 | €49,986 | €65,619 | €66,901 | ▲ 2.0% |
| Stocks and contracts in progress3 | - | €5,325 | €30,320 | €35,320 | €37,800 | €54,332 | €51,137 | ▼ 5.9% |
| Stocks30/36 | - | - | €30,320 | €35,320 | €37,800 | €54,332 | €51,137 | ▼ 5.9% |
| Amounts receivable within one year40/41 | €7,421 | €2,504 | €10,157 | €495 | €400 | €400 | €400 | = |
| Trade receivables40 | - | - | €9,553 | - | - | - | - | - |
| Other amounts receivable41 | - | - | €604 | €495 | €400 | €400 | €400 | = |
| Cash at bank and in hand54/58 | €16,736 | €5,614 | €2,673 | €5,031 | €11,786 | €10,887 | €14,653 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €711 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €30,812 | €21,802 | €49,043 | €45,271 | €53,768 | €67,544 | €67,891 | ▲ 0.5% |
| Equity10/15 | €12,291 | €2,886 | €16,416 | €9,470 | €8,978 | €4,219 | €3,289 | ▼ 22.1% |
| Contributions10/11 | €15,800 | - | €15,800 | €15,800 | €15,800 | €15,800 | €15,800 | = |
| Profit (loss) carried forward14 | -€3,509 | -€12,914 | €616 | -€6,330 | -€6,822 | -€11,581 | -€12,511 | ▼ 8.0% |
| Amounts payable17/49 | €18,521 | €18,916 | €32,627 | €35,801 | €44,790 | €63,325 | €64,603 | ▲ 2.0% |
| Amounts payable within one year42/48 | €18,521 | €18,616 | €32,627 | €34,901 | €44,790 | €63,325 | €64,603 | ▲ 2.0% |
| Trade debts44 | €8,242 | €2,470 | €2,983 | €399 | €6,539 | €6,571 | €1,079 | ▼ 83.6% |
| Suppliers440/4 | - | - | €2,983 | €399 | €6,539 | €6,571 | €1,079 | ▼ 83.6% |
| Taxes, remuneration and social security45 | - | - | €6,190 | €11,035 | €10,353 | €9,992 | €19,098 | ▲ 91.1% |
| Taxes450/3 | - | - | €463 | €807 | €2,118 | €2,460 | €2,372 | ▼ 3.6% |
| Remuneration and social security454/9 | - | - | €5,727 | €10,227 | €8,235 | €7,531 | €16,726 | ▲ 122% |
| Other amounts payable47/48 | - | - | €23,454 | €23,467 | €27,898 | €46,762 | €44,427 | ▼ 5.0% |
| Accrued charges and deferred income492/3 | - | - | - | €900 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,509 | -€9,405 | €13,530 | -€6,946 | -€492 | -€4,759 | -€930 | ▲ 80.5% |
| + Depreciation and write-downs630 | - | €1,836 | €1,932 | €1,467 | €1,857 | €1,858 | €934 | ▼ 49.7% |
| Operating cash flow (approximation) | -€3,509 | -€7,569 | €15,462 | -€5,479 | €1,365 | -€2,901 | €3 | - |
| Investment in fixed assets (approximation) | - | -€3,004 | €0 | €0 | -€1,213 | -€0 | €0 | - |
| Change in cash | - | -€11,121 | -€2,941 | €2,358 | €6,755 | -€899 | €3,766 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00322805 |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00456266 |
| 31-12-2023 | micro format | 30-12-2024 | 2025-00000413 |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00318330 |
| 31-12-2021 | micro format | 15-01-2024 | 2024-00002844 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64200348 |
| 31-12-2019 | micro format | 30-10-2020 | 2020-67600092 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
29-03
Gazette deed
Reappointment: IQBAL Zafar (director)Permanent representative: IQBAL Zafar · Capital conversion · Amendment of the articles13 facts ▸
- Other provision, “identification TVA et registre, RPM Liège” (deed in French)
- General meeting, 25-03-2024
- Other provision, “Conservation de la forme SRL, adapter les statuts aux dispositions du Code des sociétés et des associations et conserver la forme légale de la société à respons…” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible, rendre ces fonds disponibles pour distribution” (deed in French)
- Other provision, “distributions provenant du bénéfice de l’exercice en cours ou du bénéfice précédent, possibilité de distribution d’acomptes sur dividendes” (deed in French)
- Amendment of the articles
- Capital
- Director reappointment, IQBAL Zafar (director (not named in the articles))
- Permanent representative, IQBAL Zafar
- Registered office clause, “4020 Liège,rue de Liège 2, actionnaires,titulaires titres émis par société,titulaires certificats émis avec collaboration société” (deed in French)
- Power of attorney
- +1 further fact in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62059A0258/00W000 | Wallonia | 542 m² | 1 · 242 m² | 7.5 m · 1 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IP4
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique par simple…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, cense sans limitation” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Valeur a dires d expert, commun accord ou defaut President Tribunal de l Entreprise du siege” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions–droit de préférence, au moins quinze jours à dater de l’ouverture de la souscription” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, administrateurs en fonction” (deed in French)