IPD
ActiveSummary
The computed 12-month bankruptcy probability of IPD is 3.6% (moderate). The annual accounts of IPD for financial year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €67,137 and a net result of -€83,704. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 10% of 1,536 sector peers (NACE 81, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 2.4 FTE
- Equity
- €67,137
- Loss
- -€83,704
- Parent
- Staal Straal Weelde · 100%
- WP CONSULTINGDirector · permanent representative Wouter Pauwels
Why 47raises riskLiquidity: current ratio 1.13Equity €67,137 (4.2% of total assets)1 change of registered office in 24 monthsSector: Services to buildings and landscape activities (NACE 81)Show the evidence
Checked score
About 4 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 81, micro): better than 14% on solvency, 5% on liquidity, 12% on profitability and 9% on growth.
The bankruptcy probability was computed on 23-10-2026 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 11 days after the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Resignation: DC ADVISORY BV (director)Permanent representatives: Dominique Charlier and…
- Weakest financial yearnet -€83,704
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €78,147 after €124,934 in 2024, the lowest result in the available series.
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 81, Services to buildings and landscape activities: 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 3.6% 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 497,473 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 |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €3,939 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €66,825 | €157,880 | €294,452 | €134,794 | ▼ 54.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,056 | €26,441 | €63,790 | €46,894 | €54,051 | €55,735 | €29,472 | ▼ 47.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €96,635 | - | - |
| Other operating charges640/8 | - | - | - | €5,323 | €1,394 | €12,118 | €4,451 | ▼ 63.3% |
| Gross operating margin9900 | €43,712 | €29,195 | €81,392 | €248,338 | €348,491 | €583,874 | €90,570 | ▼ 84.5% |
| Operating profit (loss)9901 | €18,656 | €2,754 | €17,602 | €129,295 | €135,166 | €124,934 | -€78,147 | - |
| Financial income75/76B | - | - | - | €489 | €890 | €1,631 | - | - |
| Recurring financial income75 | - | - | €218 | €489 | €890 | €1,631 | - | - |
| Financial charges65/66B | - | - | - | €5,855 | €4,629 | €8,105 | €6,431 | ▼ 20.6% |
| Recurring financial charges65 | €2,236 | €2,605 | €3,542 | €5,855 | €4,629 | €8,105 | €6,431 | ▼ 20.6% |
| Profit (loss) for the period before taxes9903 | €16,420 | €149 | €14,278 | €123,929 | €131,427 | €118,460 | -€84,578 | - |
| Income taxes67/77 | - | €3,033 | €934 | €30,881 | €4,326 | €43,249 | -€874 | - |
| Profit (loss) for the period9904 | €16,420 | -€2,884 | €13,344 | €93,049 | €127,101 | €75,211 | -€83,704 | - |
| Profit (loss) for the period to be appropriated9905 | €16,420 | -€2,884 | €13,344 | €93,049 | €127,101 | €75,211 | -€83,704 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €2.3m | €1.6m | ▼ 31.4% |
| Fixed assets21/28 | €0.1m | €0.08m | €0.07m | €0.1m | €0.1m | €0.06m | €0.05m | ▼ 3.6% |
| Tangible fixed assets22/27 | €0.1m | €0.08m | €0.07m | €0.1m | €0.1m | €0.05m | €0.05m | ▼ 3.8% |
| Land and buildings22 | - | - | - | €0.001m | €0.001m | €213 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0.03m | €0.03m | €0.02m | €0.04m | ▲ 70.5% |
| Furniture and vehicles24 | - | - | - | €0.09m | €0.08m | €0.03m | €0.01m | ▼ 54.7% |
| Financial fixed assets28 | - | - | - | €0.001m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.04m | €0.04m | €0.07m | €0.2m | €0.3m | €2.3m | €1.5m | ▼ 32.1% |
| Stocks and contracts in progress3 | - | - | - | - | - | €0.1m | €0.3m | ▲ 189% |
| Contracts in progress37 | - | - | - | - | - | €0.1m | €0.3m | ▲ 189% |
| Amounts receivable within one year40/41 | €0.02m | €0.02m | €0.04m | €0.2m | €0.3m | €2.1m | €1.2m | ▼ 44.7% |
| Trade receivables40 | - | - | - | €0.2m | €0.3m | €1.9m | €1.0m | ▼ 46.7% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.03m | €0.2m | €0.1m | ▼ 24.4% |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.02m | - | €0.009m | €0.07m | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.001m | €0.07m | ▲ 10,174% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €2.3m | €1.6m | ▼ 31.4% |
| Equity10/15 | €0.02m | €0.02m | €0.03m | €0.06m | €0.08m | €0.2m | €0.07m | ▼ 55.5% |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Non-distributable reserves130/1 | - | - | - | €0.001m | €0.001m | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.001m | €0.001m | - | - | - |
| Distributable reserves133 | - | - | - | €0.05m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | €0.02m | €0.01m | €0.03m | - | - | €0.08m | -€0.008m | - |
| Amounts payable17/49 | €0.1m | €0.1m | €0.1m | €0.3m | €0.4m | €2.2m | €1.5m | ▼ 29.7% |
| Amounts payable after more than one year17 | €0.08m | €0.06m | €0.05m | €0.08m | €0.05m | - | - | - |
| Financial debts170/4 | - | - | - | €0.08m | €0.05m | - | - | - |
| Amounts payable within one year42/48 | €0.03m | €0.04m | €0.05m | €0.2m | €0.3m | €2.0m | €1.4m | ▼ 32.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.04m | - | - | - |
| Financial debts43 | - | - | - | €0.01m | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0.01m | - | - | - | - |
| Trade debts44 | €0.005m | €0.02m | €0.03m | €0.08m | €0.09m | €1.9m | €1.0m | ▼ 46.2% |
| Suppliers440/4 | - | - | - | €0.08m | €0.09m | €1.9m | €1.0m | ▼ 46.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.04m | €0.02m | €0.01m | ▼ 60.6% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.002m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.009m | €0.008m | €0.02m | €0.01m | ▼ 56.6% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.1m | €0.09m | €0.3m | ▲ 268% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.02m | €0.2m | €0.2m | ▲ 6.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,420 | -€2,884 | €13,344 | €93,049 | €127,101 | €75,211 | -€83,704 | - |
| + Depreciation and write-downs630 | €25,056 | €26,441 | €63,790 | €46,894 | €54,051 | €55,735 | €29,472 | ▼ 47.1% |
| Operating cash flow (approximation) | €41,476 | €23,557 | €77,134 | €139,943 | €181,153 | €130,946 | -€54,233 | - |
| Investment in fixed assets (approximation) | - | -€4,156 | -€55,088 | -€102,960 | -€40,448 | -€1,746 | -€27,447 | ▼ 1,472% |
| Change in cash | - | -€7,187 | €8,344 | - | - | €62,111 | - | - |
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 | abbreviated format | 09-07-2026 | 2026-00281009 |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00278192 |
| 30-06-2023 | abbreviated format | 11-01-2024 | 2024-00000279 |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00010373 |
| 30-06-2021 | micro format | 08-02-2022 | 2022-05200100 |
| 30-06-2020 | micro format | 11-05-2021 | 2021-13900045 |
| 30-06-2019 | micro format | 25-02-2020 | 2020-05600377 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €297 awarded · €297 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| WP CONSULTING |
|
| BV Baker Tilly Bedrijfsrevisoren |
|
| DC Advisory |
|
| DIELS Yentl |
|
| Specialty Paint Coatings |
|
Owners and capital
Owners
1 ownerChain of control
Highest known parent: MC Shine. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 16-04-2024 Capital stated in the deed · 100 shares
Group and network
Connections & network
10 connected companiesShow 6 more companies with a shared director
History
Acts, filings and financial milestones
25-03
Gazette deed
Resignation: DC ADVISORY BV (director)Permanent representatives: Dominique Charlier and Wouter Pauwels · Appointment: WP CONSULTING BV (director) · Director discharge8 facts ▸
- General meeting, 26-02-2026
- Director resignation, DC ADVISORY BV (director)
- Permanent representative, Dominique Charlier
- Director discharge, DC ADVISORY BV (2 times)
- Director appointment, WP CONSULTING BV (director)
- Permanent representative, Wouter Pauwels
- Board composition, WP CONSULTING BV (director)
- Board composition, YENTL DIELS (director)
04-12
Gazette deed
Appointment: Baker Tilly Bedrijfsrevisoren BV (statutory auditor)Registered-office move4 facts ▸
- General meeting, 04-09-2024
- Auditor appointment, Baker Tilly Bedrijfsrevisoren BV (statutory auditor)
- Board meeting, 07-10-2024
- Registered-office move, Schoebroekstraat 56, 3583 Beringen
16-04
Gazette deed
Resignations: Specialty Paint Coatings (director) and Yentl Diels (director)Permanent representatives: DE MILD Yves and CHARLIER Dominique Herman Michel Christophe Ghislain · Appointments: DC Advisory (director) and Yentl Diels (director) · Registered-office move14 facts ▸
- General meeting, 05-04-2024
- Registered-office move, Heivelden 9A,2221 Booischot
- General meeting, 14-06-2024
- Amendment of the articles
- Capital
- Director resignation, Specialty Paint Coatings (director)
- Director resignation, Yentl Diels (director)
- Permanent representative, DE MILD Yves
- Director appointment, DC Advisory (director)
- Director appointment, Yentl Diels (director)
- Permanent representative, CHARLIER Dominique Herman Michel Christophe Ghislain
- Other provision, “volmacht voor coördinatie, inhoud weggelaten met (...)” (deed in Dutch)
- +2 further facts in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have 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 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0696.946.582
Environmental 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 |
|---|---|---|---|---|
| 71049A0715/00C000 | Flanders | 2.1 ha | 1 · 1.1 ha | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Project opvolging (aangewezen of zelf aangenomen projecten); Zandstralen van opslagtanks, diverse oppervlakten (metaal, beton, hout)…” (deed in Dutch)
12 activities (deed in Dutch)
- Project opvolging (aangewezen of zelf aangenomen projecten)
- Zandstralen van opslagtanks, diverse oppervlakten (metaal, beton, hout), constructies, leidingen, metalen constructies, tankbodems, tankwanden, etc.
- Coatings aanbrengen (Manueel, spuitpistool) dit op allerlei diverse oppervlakken zoals constructies, tankwanden, leidingwerk, wandpanelen, bedrijfshallen, opslagtanks (inwendig & uitwendig), muren, vloeren, etc.
- Manueel appliqueren van metaal pasta’s of diverse reparatie coatings (Belzona/perspect)
- Schilderwerken (Manueel, spuitpistool) van bedrijfshallen, vloeren, constructies, pijpleidingen, opslagtanks, tankbodems, trappen, gevels, daken, flenzen, alle metalen oppervlakken en constructies.
- Hand ontroesten (manueel roest verwijderen met schuurmachines of schuurblok)
- Commercieel aspect (promoten van Belzona/perspect)
- Reinigen met hoge druk (ontmossen)
- Reinigen & ontmossen van daken zowel industrieel gebied als op particulier vlak
- Nieuwe coatings aanbrengen op daken van huizen / gebouwen
- Anti mos aanbrengen op daken van huizen / gebouwen
- Schilderen van gevels van huizen / gebouwen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IPD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly, or a managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, 10” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 10:30