IPE Froissart
The computed 12-month bankruptcy probability of IPE Froissart is 1.2% (low). The 2024 annual accounts show equity of €806k and a net result of €-1.74M. Equity is shrinking by ~32.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 36% of 780 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €806k |
| Net result | €-1.74M |
| Better than sector | 36% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.3% | 16.5% | |
| Net result | €-1.74M | €-2k | |
| Equity | €806k | €136k | |
| Total assets | €18.77M | €1.72M |
Show 12 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | €813k |
| EBITDA | €-916k |
| Net profit | €-1.74M |
| Cash flow | €-1.31M |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €18.77M |
| Equity | €806k |
| Debt | €17.96M |
| of which ≤ 1y | €190k |
| of which > 1y | €17.45M |
| Working capital | €772k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 5.06 |
| Quick ratio | 5.06 |
| Working capital ratio | 4.1% |
| Solvency | 4.3% |
| Debt / equity | 22.29 |
| Long-term debt ratio | 21.66 |
| Interest coverage | -2.36 |
| Gross margin | - |
| Net margin | -213.6% |
| ROA | -9.3% |
| ROE | -215.6% |
| EBITDA margin | -112.7% |
| Days sales outstanding | 60d |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €18.77M |
| Fixed assets | 21/28 | €17.79M |
| Formation expenses | 20 | €20k |
| Tangible fixed assets | 22/27 | €17.79M |
| Current assets | 29/58 | €962k |
| Amounts receivable within one year | 40/41 | €133k |
| Cash & bank | 54/58 | €740k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €18.77M |
| Equity | 10/15 | €806k |
| Contributions / capital | 10/11 | €2.60M |
| Accumulated profits (losses) | 14 | €-1.79M |
| Amounts payable | 17/49 | €17.96M |
| Amounts payable after one year | 17 | €17.45M |
| Amounts payable within one year | 42/48 | €190k |
| Trade debts payable within one year | 44 | €4k |
| Income statement | ||
| Turnover | 70 | €813k |
| Operating result | 9901 | €-1.35M |
| Financial charges | 65 | €389k |
| Result before taxes | 9903 | €-1.74M |
| Net result for the period | 9904 | €-1.74M |
| Result to be appropriated | 9905 | €-1.74M |
-
Valentin AudritDirectorState Gazette act 24125118 (26-08-2024)Current26-08-2024 → present
-
Ralph PanyDirectorState Gazette act 23021047 (13-02-2023)Current16-11-2022 → present
Former directors (2)
-
Julien GanierDirectorState Gazette act 25111101 (03-09-2025)Former- → 03-09-2025
-
Mohamed OubialDirectorState Gazette act 24125118 (26-08-2024)Former- → 26-08-2024
| NACE primary | Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen(68203) |
| Legal form | Public limited company(014) |
| Incorporation | 19-12-2020 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-09-2025 Julien Ganier resigns as director
- Julien Ganier, Bestuurder
Technical details
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}26-08-2024 1 director appointed, 1 resigning
- Valentin Audrit, Bestuurder
- Mohamed Oubial, Bestuurder
Technical details
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}21-08-2024 2 directors appointed
- Didier MATRICHE, Commissaris
- Valentin AUDRIT, Gedelegeerd bestuurder
Technical details
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}13-02-2023 Ralph Pany appointed as director
- Ralph Pany, Bestuurder
Technical details
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}| Legal nameFR | IPE Froissart |