IPF-I Feeder
The computed 12-month bankruptcy probability of IPF-I Feeder is 0.7% (low). The 2025 annual accounts show equity of €26.98M and a net result of €-330k. Equity is growing by ~38.3% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €26.98M |
| Net result | €-330k |
| Active | 5 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
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).
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-330k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €27.44M |
| Equity | €26.98M |
| Debt | €464k |
| of which ≤ 1y | €464k |
| of which > 1y | - |
| Working capital | €-110k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.76 |
| Quick ratio | 0.76 |
| Working capital ratio | -0.4% |
| Solvency | 98.3% |
| Debt / equity | 0.02 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -1.2% |
| ROE | -1.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €27.44M |
| Fixed assets | 21/28 | €27.09M |
| Financial fixed assets | 28 | €27.09M |
| Current assets | 29/58 | €354k |
| Cash & bank | 54/58 | €354k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €27.44M |
| Equity | 10/15 | €26.98M |
| Contributions / capital | 10/11 | €27.95M |
| Accumulated profits (losses) | 14 | €-973k |
| Amounts payable | 17/49 | €464k |
| Amounts payable within one year | 42/48 | €464k |
| Trade debts payable within one year | 44 | €109k |
| Income statement | ||
| Gross operating margin | 9900 | €-310k |
| Operating result | 9901 | €-310k |
| Financial charges | 65 | €20k |
| Result before taxes | 9903 | €-330k |
| Net result for the period | 9904 | €-330k |
| Result to be appropriated | 9905 | €-330k |
| NACE primary | - |
| Legal form | Limited partnership(612) |
| Incorporation | 03-05-2021 |
| Status | Active |
| Postal code | 2610 |
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. |
|---|---|---|---|---|
| 11051B0041/00W000 | Flanders | 1.5 ha | 1 · 3,529 m² | 16.4 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
04-12-2024 3 directors appointed, 1 reappointed
- Serkan Alhan, Dagelijks bestuur
- Mathias Isenborghs, Dagelijks bestuur
- Matthias Van den Keybus, Dagelijks bestuur
- Tom Renders, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_renew",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Tom Renders",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "renewal",
"via_org": {
"kbo": null,
"name": "Deloitte Bedrijfsrevisoren BV",
"address": null,
"country": null,
"legal_form": "BV"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "In overeenstemming met de ontvangen steminstructies keurt de Ledenvergadering bij gewone meerderheid de herbenoeming van de commissaris, Deloitte Bedrijfsrevisoren BV met vaste vertegenwoordiger Tom Renders, goed tot de jaarlijkse algemene vergadering van 30 juli 2027",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2027"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_granted",
"role": null,
"person": null,
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Volmacht voor formaliteiten van de bovengenoemde resoluties",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Serkan Alhan",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "In overeenstemming met de ontvangen steminstructies verleent de Ledenvergadering bij gewone meerderheid een bijzondere volmacht aan Serkan Alhan, Mathias Isenborghs en Matthias Van den Keybus, elk afzonderlijk en met de bevoegdheid tot plaatsvervanger, om alle documenten, akten, akten en formaliteit",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Mathias Isenborghs",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "In overeenstemming met de ontvangen steminstructies verleent de Ledenvergadering bij gewone meerderheid een bijzondere volmacht aan Serkan Alhan, Mathias Isenborghs en Matthias Van den Keybus, elk afzonderlijk en met de bevoegdheid tot plaatsvervanger, om alle documenten, akten, akten en formaliteit",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Matthias Van den Keybus",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "In overeenstemming met de ontvangen steminstructies verleent de Ledenvergadering bij gewone meerderheid een bijzondere volmacht aan Serkan Alhan, Mathias Isenborghs en Matthias Van den Keybus, elk afzonderlijk en met de bevoegdheid tot plaatsvervanger, om alle documenten, akten, akten en formaliteit",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2024-11-22",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-08-20",
"unanimous": false
}
],
"is_correction": false,
"subject_company": {
"kbo": "0767.778.358",
"name_full": "India Progress Fund I Feeder",
"legal_form": "Commanditaire Vennootschap"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Mathias Isenborghs",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}06-06-2023 Restructuring of share classes
Technical details
{
"events": [
{
"kind": "share_class_creation",
"after_eur": null,
"delta_eur": null,
"before_eur": null,
"share_emission": {
"agio_eur": null,
"share_form": "no_nominal_value",
"share_class": null,
"n_new_shares": 27820,
"with_new_shares": true,
"nominal_value_eur": null,
"issue_price_per_share_eur": null
},
"decrease_purpose": null,
"contribution_type": null,
"paid_up_delta_eur": null,
"n_shares_destroyed": null,
"not_yet_called_eur": null,
"merger_new_shares_n": null,
"merger_exchange_ratio": null,
"distribution_amount_eur": null,
"statutory_unavailable_equity_op": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-06-06",
"filing_date": "2023-05-23",
"act_kind_objet": "Bijkomende inbrengen - statutenwijziging"
},
"decision": {
"body": "enige_bestuurder_schriftelijk",
"act_date": "2023-05-23",
"unanimous": null,
"under_authorized_capital": false,
"underlying_resolution_date": "2023-04-17"
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0767.778.358",
"name_full": "IPF-I Feeder",
"legal_form": "Commanditaire vennootschap",
"is_foreign_registered": false
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Susana Gonzalez Melon",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"geco\u00F6rdineerde tekst van de statuten"
],
"shareholders_after": [],
"share_classes_after": [
{
"n_shares": 26985,
"class_name": "B2",
"capital_share_eur": null,
"voting_rights_per_share": null
},
{
"n_shares": 575,
"class_name": "B3",
"capital_share_eur": null,
"voting_rights_per_share": null
},
{
"n_shares": 150,
"class_name": "C",
"capital_share_eur": null,
"voting_rights_per_share": null
},
{
"n_shares": 110,
"class_name": "D",
"capital_share_eur": null,
"voting_rights_per_share": null
}
]
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | IPF-I Feeder |