Liquidity
Short-term debts fell from €40,338 to €9,938.
Short-term debts fell from €40,338 to €9,938.
The 2025 accounts came 27 days late. The other nine of the last ten were filed on time.
The company was dissolved and wound up in a single deed. The books and records are kept in Antwerp.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €73,000 and €380,000.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
16,902 | 37,944 | 38,911 | 46,362 | 31,318 | 29,196 | 57,038 | 58,438 | 64,509 | 47,492 | 61,342 | 74,122 | 88,698 | 107,940 | 130,507 | |
21/28 |
- | 17,203 | 25,273 | 32,140 | 2,630 | 10,407 | 15,338 | 29,943 | 45,144 | 26,972 | 38,940 | 48,639 | 67,672 | 84,816 | 104,986 | |
21 |
- | - | - | - | - | - | 1,646 | 8,396 | 15,146 | 21,896 | 28,646 | 35,396 | 42,146 | 48,896 | 55,646 | |
22/27 |
- | 17,203 | 25,273 | 32,140 | 2,630 | 10,407 | 13,692 | 21,548 | 29,998 | 5,077 | 10,294 | 13,243 | 25,526 | 35,920 | 49,340 | |
23 |
- | 793 | 1,530 | 2,336 | 1,791 | 3,778 | 2,654 | 4,990 | 7,922 | 4,679 | 7,093 | 6,690 | 13,396 | 20,176 | 28,802 | |
24 |
- | 16,385 | 23,447 | 29,237 | - | 5,519 | 11,038 | 16,557 | 22,076 | - | 2,406 | 5,360 | 10,539 | 15,744 | 20,538 | |
26 |
- | 25 | 296 | 568 | 839 | 1,111 | - | - | - | 398 | 795 | 1,193 | 1,590 | - | - | |
29/58 |
16,902 | 20,741 | 13,637 | 14,222 | 28,688 | 18,789 | 41,699 | 28,495 | 19,365 | 20,520 | 22,402 | 25,482 | 21,026 | 23,124 | 25,521 | |
3 |
- | 2,869 | 1,997 | 1,927 | 1,367 | 1,673 | 2,154 | 2,369 | 2,697 | 2,464 | 4,999 | 4,939 | 4,993 | 3,887 | 2,382 | |
30/36 |
- | 2,869 | 1,997 | 1,927 | 1,367 | 1,673 | 2,154 | 2,369 | 2,697 | 2,464 | 4,999 | 4,939 | 4,993 | 3,887 | 2,382 | |
40/41 |
389 | 882 | 1,431 | 1,122 | 2,886 | 4,179 | 5,986 | - | 1,591 | 978 | 3,002 | 2,605 | 6,269 | 4,364 | 7,630 | |
40 |
- | 882 | 1,431 | 1,122 | 1,763 | 375 | 752 | - | 1,591 | 540 | 2,317 | 64 | 2,577 | - | 384 | |
41 |
389 | - | - | - | 1,123 | 3,805 | 5,234 | - | - | 438 | 685 | 2,541 | 3,691 | 4,364 | 7,246 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 15,509 | |
54/58 |
16,411 | 15,647 | 8,116 | 9,675 | 23,092 | 8,165 | 32,217 | 23,440 | 13,734 | 15,734 | 13,058 | 15,934 | 9,764 | 14,873 | - | |
490/1 |
102 | 1,343 | 2,093 | 1,499 | 1,343 | 4,772 | 1,343 | 2,686 | 1,343 | 1,343 | 1,343 | 2,004 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
16,902 | 37,944 | 38,911 | 46,362 | 31,318 | 29,196 | 57,038 | 58,438 | 64,509 | 47,492 | 61,342 | 74,122 | 88,698 | 107,940 | 130,507 | |
10/15 |
6,964 | -2,394 | 249 | 156 | 4,446 | 9,333 | 16,308 | 18,647 | 16,470 | 17,523 | 16,099 | 18,174 | 16,602 | 20,467 | 20,386 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
- | - | - | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | - | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
438 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,867 | 1,786 | |
130/1 |
438 | 438 | 438 | 438 | 438 | 438 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 438 | 438 | 438 | 438 | 438 | 438 | 438 | 438 | 438 | 438 | 438 | 357 | |
1311 |
438 | 438 | 438 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
- | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | 1,429 | |
14 |
-12,074 | -22,861 | -20,217 | -20,311 | -16,020 | -11,133 | -4,159 | -1,820 | -3,997 | -2,943 | -4,368 | -2,292 | -3,865 | - | - | |
17/49 |
9,938 | 40,338 | 38,661 | 46,207 | 26,872 | 19,863 | 40,730 | 39,792 | 48,039 | 29,969 | 45,243 | 55,947 | 72,096 | 87,473 | 110,121 | |
17 |
- | - | - | 3,174 | - | 2,272 | 7,623 | 12,834 | 17,911 | - | 8,458 | 23,120 | 38,493 | 53,125 | 67,051 | |
170/4 |
- | - | - | 3,174 | - | 2,272 | 7,623 | 12,834 | 17,911 | - | 8,458 | 23,120 | 38,493 | 53,125 | 67,051 | |
42/48 |
9,938 | 40,338 | 38,661 | 43,033 | 26,872 | 17,591 | 33,056 | 26,958 | 30,128 | 29,969 | 36,785 | 32,827 | 33,603 | 34,349 | 42,070 | |
42 |
- | - | 3,174 | 7,512 | 2,272 | 7,952 | 5,211 | 6,783 | 4,945 | 8,247 | 20,481 | 19,146 | 18,440 | 22,393 | 26,189 | |
43 |
- | - | - | - | - | - | - | - | 1,536 | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | 1,536 | - | - | - | - | - | - | |
44 |
6,220 | 6,931 | 6,232 | 7,159 | 8,584 | 5,926 | 10,221 | 9,256 | 9,339 | 8,499 | 9,055 | 5,873 | 9,409 | 4,202 | 8,664 | |
440/4 |
6,220 | 6,931 | 6,232 | 7,159 | 8,584 | 5,926 | 10,221 | 9,256 | 9,339 | 8,499 | 9,055 | 5,873 | 9,409 | 4,202 | 8,664 | |
45 |
583 | 2,667 | 676 | 8,550 | 6,070 | 3,713 | 17,624 | 9,231 | 13,016 | 12,123 | 5,258 | 6,698 | 4,394 | 7,165 | 7,128 | |
450/3 |
583 | 216 | 433 | 1,028 | 347 | 378 | 4,559 | 3,172 | 3,159 | 3,053 | 2,799 | 3,780 | 2,812 | 3,781 | 443 | |
454/9 |
- | 2,451 | 243 | 7,522 | 5,722 | 3,336 | 13,065 | 6,058 | 9,856 | 9,070 | 2,459 | 2,918 | 1,582 | 3,384 | 6,685 | |
47/48 |
3,136 | 30,741 | 28,579 | 19,811 | 9,947 | - | - | 1,688 | 1,293 | 1,100 | 1,992 | 1,111 | 1,360 | 589 | 89 | |
492/3 |
- | - | - | - | - | - | 51 | - | - | - | - | - | - | - | 1,000 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 254,387 | 425,501 | |
9900 |
20,931 | 20,174 | 40,840 | 52,043 | 45,502 | 46,162 | 111,549 | 98,447 | 101,827 | 95,772 | 82,092 | 82,725 | 76,180 | 75,446 | 126,770 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 183,552 | 299,848 | |
62 |
4,775 | 11,813 | 29,264 | 48,003 | 39,713 | 42,516 | 95,767 | 76,554 | 82,136 | 78,884 | 66,394 | 54,888 | 54,240 | 48,317 | 81,570 | |
630 |
5,546 | 8,070 | 7,981 | 5,326 | 7,778 | 9,188 | 14,605 | 15,200 | 16,060 | 11,967 | 14,744 | 22,009 | 21,440 | 20,580 | 32,356 | |
640/8 |
994 | 2,344 | 2,261 | 2,062 | 2,023 | 448 | 2,189 | 1,953 | 3,421 | 770 | 1,883 | 494 | 598 | 1,515 | 2,450 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 67 | - | - | |
9901 |
9,617 | -2,054 | 1,334 | -3,348 | -4,012 | -5,989 | -1,011 | 4,739 | 211 | 4,151 | -929 | 5,334 | -97 | 5,034 | 10,393 | |
75/76B |
- | 104 | 85 | 187 | 612 | 80 | 264 | 479 | 745 | 157 | 1,537 | 260 | 171 | 719 | 814 | |
75 |
- | 104 | 85 | 187 | 612 | 80 | 264 | 479 | 745 | 157 | 1,537 | 260 | 171 | 719 | 814 | |
65/66B |
148 | 437 | 1,191 | 1,129 | 1,370 | 1,065 | 1,214 | 1,328 | 1,641 | 1,624 | 2,309 | 3,491 | 3,871 | 4,947 | 8,960 | |
65 |
148 | 437 | 1,191 | 1,129 | 1,370 | 1,065 | 1,214 | 1,328 | 1,641 | 1,624 | 2,309 | 3,491 | 3,871 | 4,947 | 8,960 | |
9903 |
9,469 | -2,387 | 227 | -4,291 | -4,770 | -6,974 | -1,961 | 3,890 | -686 | 2,684 | -1,700 | 2,103 | -3,865 | 806 | 2,247 | |
67/77 |
111 | 257 | 133 | - | 117 | - | 378 | 1,713 | 368 | 1,259 | 375 | 530 | - | 725 | 462 | |
9904 |
9,358 | -2,643 | 94 | -4,291 | -4,887 | -6,974 | -2,339 | 2,177 | -1,053 | 1,424 | -2,075 | 1,573 | -3,865 | 81 | 1,786 | |
9905 |
9,358 | -2,643 | 94 | -4,291 | -4,887 | -6,974 | -2,339 | 2,177 | -1,053 | 1,424 | -2,075 | 1,573 | -3,865 | 81 | 1,786 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-13,503 | -22,861 | -20,217 | -20,311 | -16,020 | -11,133 | -4,159 | -1,820 | -3,997 | -2,943 | -4,368 | -2,292 | -3,865 | 81 | 1,786 | |
14P |
-22,861 | -20,217 | -20,311 | -16,020 | -11,133 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
1,429 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 81 | 1,786 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 81 | 357 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,429 | |
| Social balance sheet | ||||||||||||||||
9087 |
- | 1.2 | 2.3 | 3.5 | 2.8 | 1.8 | 3.2 | 2.9 | 3 | 2.7 | 2 | 1.6 | 2 | 2.3 | 1.9 | |
Hours worked1013 |
- | 750 | 1,597 | 2,727 | 2,758 | 1,813 | 5,906 | 4,387 | 4,626 | 4,191 | 3,839 | 2,925 | 3,028 | 3,684 | 4,802 | |
| Document | ||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00433640.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00433640 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00180802 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00133082 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00150707 | |
| 31-12-2021 | micro format | 21-07-2022 | 2022-20209771 | |
| 31-12-2020 | micro format | 16-06-2021 | 2021-20100446 | |
| 31-12-2019 | micro format | 05-06-2020 | 2020-14700053 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-23000387 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-23600481 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-17900532 | |
| 31-12-2015 | abbreviated format | 07-06-2016 | 2016-15400161 | |
| 31-12-2014 | abbreviated format | 24-06-2015 | 2015-19700139 | |
| 31-12-2013 | abbreviated format | 07-07-2014 | 2014-26800482 | |
| 31-12-2012 | abbreviated format | 28-06-2013 | 2013-22600503 | |
| 31-12-2011 | abbreviated format | 10-07-2012 | 2012-26700457 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 15,162 | 6,017 | 9,315 | 1,978 | 3,765 | 3,199 | 13,594 | 19,940 | 16,271 | 16,118 | 13,815 | 27,343 | 21,342 | 25,614 | 42,750 | ||
| 14,904 | 5,427 | 8,075 | 1,035 | 2,891 | 2,214 | 12,266 | 17,377 | 15,006 | 13,392 | 12,669 | 23,582 | 17,575 | 20,661 | 34,142 | ||
| -11,657 | 0 | 1,115 | 34,837 | 0 | 4,257 | 0 | 0 | 34,231 | 0 | 5,045 | 2,976 | 4,296 | 410 | 135,666 | ||
| 764 | 7,531 | -1,559 | -13,417 | 14,928 | -24,053 | 8,777 | 9,707 | -2,001 | 2,677 | -2,876 | 6,170 | -5,108 | - | - | ||
| 6,964 | -19,597 | -25,024 | -28,810 | 1,817 | 1,198 | 8,643 | 1,537 | -10,763 | -9,449 | -14,383 | -7,345 | -12,577 | -11,224 | -16,549 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 2.0% | 2.4% | ||
| 41.2% | -6.3% | 0.6% | 0.3% | 14.2% | 32.0% | 28.6% | 31.9% | 25.5% | 36.9% | 26.2% | 24.5% | 18.7% | 19.0% | 15.6% | ||
| 1.70 | 0.51 | 0.35 | 0.33 | 1.07 | 1.07 | 1.26 | 1.06 | 0.64 | 0.68 | 0.61 | 0.78 | 0.63 | 0.67 | 0.61 | ||
| 1.70 | 0.44 | 0.30 | 0.29 | 1.02 | 0.97 | 1.20 | 0.97 | 0.55 | 0.60 | 0.47 | 0.63 | 0.48 | 0.56 | 0.55 | ||
| 1.43 | - | - | - | 6.04 | 2.13 | 2.50 | 2.13 | 2.92 | 1.71 | 2.81 | 3.08 | 4.34 | 4.27 | 5.40 | ||
| 134.4% | - | - | - | -109.9% | -74.7% | -14.3% | 11.7% | -6.4% | 8.1% | -12.9% | 8.7% | -23.3% | 0.4% | 8.8% | ||
| 55.4% | -7.0% | 0.2% | -9.3% | -15.6% | -23.9% | -4.1% | 3.7% | -1.6% | 3.0% | -3.4% | 2.1% | -4.4% | 0.1% | 1.4% | ||
| over 100 | 13.76 | 7.82 | 1.75 | 2.75 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 6 days | 0 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 8 days | 11 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | 4 | 5 |
| full-time | - | - | - | 1 |
| part-time | - | - | 4 | 4 |
| in full-time equivalents | - | - | 1.7 | 1.9 |
| 0.3 | 0.8 | 1.6 | 1.7 | |
| On a permanent contract | - | - | 1 | 2 |
| Joined | 10 | 10 | 14 | 34 |
| Left | 10 | 14 | 15 | 32 |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €1,115 | €34,837 | - |
| €5,546 | €8,070 | €7,981 | €5,326 | €7,778 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €9,617, after a loss of €2,054 in 2024. It is the highest result since 2011.
Debt's share of the balance-sheet total is 58.8%.
Deed of 09-11-2026Dissolution with immediate closure of the liquidationDissolved and wound up in a single deed · Books and records kept in Antwerp · Resignation: BOTTERMAN Inge Emmy Armanda (director) · General meeting of 30-10-2026
IPANI has no parent and no holdings in its annual accounts. BOTTERMAN Inge Emmy Armanda is the only director. IPANI shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Articles of association, deed of 27-11-2023 (in Dutch)
IPANI is no longer in the KBO register.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11382C0399/00Z000 | 368 m² | 1 · 106 m² | 11.2 m · 3 |
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