IPINCO
ActiveSummary
IPINCO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.43M and a net result of €335k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 94% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 23.83 against 12.24 in 2024; short-term debt: 2.1% and cash: 20.8% of total assets), and 2.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.8%
Return on assets
4.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
13 d early
2023
14 d early
2022
19 d early
2021
19 d early
2020
16 d early
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€335k▲ 10.8%
2024 · €302k
Working capital
€3.59M▲ 42.8%
2024 · €2.51M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€519k▲ 16.8%€494k▼ 5.0%€314k▼ 36.3%€409k▲ 30.2%€450k▲ 9.9%
Net result€393k▲ 16.1%€372k▼ 5.3%€240k▼ 35.4%€302k▲ 25.9%€335k▲ 10.8%
Equity€6.51M▲ 1.9%€6.61M▲ 1.6%€6.83M▲ 3.3%€7.12M▲ 4.1%€7.43M▲ 4.4%
Total assets€6.87M▼ 1.6%€6.95M▲ 1.1%€6.96M▲ 0.2%€7.35M▲ 5.6%€7.60M▲ 3.4%
Debt€350k▼ 40.3%€324k▼ 7.4%€120k▼ 62.9%€225k▲ 87.5%€162k▼ 28.0%
Working capital€1.86M▲ 13.4%€1.57M▼ 15.7%€1.67M▲ 6.5%€2.51M▲ 50.6%€3.59M▲ 42.8%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.60M
Fixed assets
€3.85M ▼ 16.5%
Current assets
€3.75M ▲ 36.9%
Equity and liabilities €7.60M
Equity
€7.43M ▲ 4.4%
Provisions
€6k ▼ 12.9%
Debt
€162k ▼ 28.0%
Debt's share of the balance-sheet total falls from 3.1% to 2.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.55M▼
2024 · €1.60M
Cash flow
€1.44M▼
2024 · €1.49M
Current ratio
23.83▲
2024 · 12.24
Debt to equity
0.02▼
2024 · 0.03
ROE
4.5%▲
2024 · 4.2%
ROA
4.4%▲
2024 · 4.1%
Interest coverage
2404.69▼
2024 · 2598.11
Debt ≤ 1 year
€157k▼
2024 · €224k
Income taxes
€115k▲
2024 · €107k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €20k | €1k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €835k | €1.00M | €1.17M | €1.19M | €1.10M | ▼ 7.3% |
| Other operating charges640/8 | €19k | €20k | €22k | €23k | €23k | ▲ 2.7% |
| Gross operating margin9900 | €1.37M | €1.52M | €1.51M | €1.62M | €1.57M | ▼ 2.8% |
| Operating profit (loss)9901 | €519k | €494k | €314k | €409k | €450k | ▲ 9.9% |
| Financial charges65/66B | €2k | €2k | €615 | €615 | €645 | ▲ 4.9% |
| Recurring financial charges65 | €2k | €2k | €615 | €615 | €645 | ▲ 4.9% |
| Profit (loss) for the period before taxes9903 | €517k | €492k | €314k | €409k | €449k | ▲ 9.9% |
| Transfer from deferred taxes780 | €875 | €875 | €875 | €875 | €875 | = |
| Income taxes67/77 | €125k | €120k | €74k | €107k | €115k | ▲ 7.3% |
| Profit (loss) for the period9904 | €393k | €372k | €240k | €302k | €335k | ▲ 10.8% |
| Transfer from tax-exempt reserves789 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) for the period to be appropriated9905 | €396k | €375k | €243k | €305k | €338k | ▲ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.87M | €6.95M | €6.96M | €7.35M | €7.60M | ▲ 3.4% |
| Fixed assets21/28 | €4.66M | €5.06M | €5.18M | €4.61M | €3.85M | ▼ 16.5% |
| Tangible fixed assets22/27 | €4.66M | €5.05M | €5.18M | €4.61M | €3.85M | ▼ 16.5% |
| Land and buildings22 | €3.25M | €3.11M | €2.94M | €2.78M | €2.61M | ▼ 5.9% |
| Plant, machinery and equipment23 | €1.41M | €1.95M | €2.23M | €1.83M | €1.23M | ▼ 32.5% |
| Assets under construction and advance payments27 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €2.21M | €1.89M | €1.78M | €2.74M | €3.75M | ▲ 36.9% |
| Amounts receivable within one year40/41 | €627k | €658k | €526k | €1.49M | €2.17M | ▲ 45.5% |
| Trade receivables40 | €627k | €658k | €500k | €1.39M | €2.07M | ▲ 48.8% |
| Other amounts receivable41 | €2 | €2 | €26k | €100k | €101k | ▲ 0.7% |
| Cash at bank and in hand54/58 | €1.58M | €1.23M | €1.24M | €1.23M | €1.58M | ▲ 28.4% |
| Deferred charges and accrued income490/1 | €3k | €4k | €12k | €17k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.87M | €6.95M | €6.96M | €7.35M | €7.60M | ▲ 3.4% |
| Equity10/15 | €6.51M | €6.61M | €6.83M | €7.12M | €7.43M | ▲ 4.4% |
| Contributions10/11 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Capital10 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Issued capital100 | €4.00M | €4.00M | €4.00M | €4.00M | €4.00M | = |
| Reserves13 | €2.51M | €2.61M | €2.83M | €3.12M | €3.43M | ▲ 10.1% |
| Non-distributable reserves130/1 | €240k | €258k | €271k | €287k | €304k | ▲ 5.9% |
| Legal reserve130 | €240k | €258k | €271k | €287k | €304k | ▲ 5.9% |
| Tax-exempt reserves132 | €28k | €26k | €23k | €20k | €18k | ▼ 12.9% |
| Distributable reserves133 | €2.24M | €2.33M | €2.54M | €2.81M | €3.11M | ▲ 10.7% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €9k | €9k | €8k | €7k | €6k | ▼ 12.9% |
| Deferred taxes168 | €9k | €9k | €8k | €7k | €6k | ▼ 12.9% |
| Amounts payable17/49 | €350k | €324k | €120k | €225k | €162k | ▼ 28.0% |
| Amounts payable within one year42/48 | €348k | €322k | €114k | €224k | €157k | ▼ 29.7% |
| Trade debts44 | €75k | €16k | €59k | €97k | €22k | ▼ 77.0% |
| Suppliers440/4 | €75k | €16k | €59k | €97k | €22k | ▼ 77.0% |
| Taxes, remuneration and social security45 | €3k | €37k | €35k | €107k | €115k | ▲ 7.5% |
| Taxes450/3 | €3k | €37k | €35k | €107k | €115k | ▲ 7.5% |
| Other amounts payable47/48 | €270k | €270k | €20k | €20k | €20k | = |
| Accrued charges and deferred income492/3 | €2k | €2k | €6k | €2k | €5k | ▲ 207% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €393k | €372k | €240k | €302k | €335k | ▲ 10.8% |
| + Depreciation and write-downs630 | €835k | €1.00M | €1.17M | €1.19M | €1.10M | ▼ 7.3% |
| Operating cash flow (approximation) | €1.23M | €1.38M | €1.41M | €1.49M | €1.44M | ▼ 3.6% |
| Investment in fixed assets (approximation) | - | €-1.40M | €-1.29M | €-622k | €-343k | ▲ 44.9% |
| Change in cash | - | €-348k | €17k | €-16k | €349k | ▲ 2,326% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
Resignation: Belaen Jenny (director)Permanent representative: Stofferis Frédéric · Appointment: IPLAST HOLDING NV (sole director) · Statutes amendment9 facts ▸
State Gazette act
Resignation: Belaen Jenny (director)
Permanent representative: Stofferis Frédéric · Appointment: IPLAST HOLDING NV (sole director) · Statutes amendment9 facts ▸
- General meeting, 22-06-2026
- Director resignation, Belaen Jenny (director)
- Board composition, IPLAST HOLDING NV (director)
- Permanent representative, Stofferis Frédéric (permanent representative)
- Statutes amendment
- Board meeting, geen bijkomend bestuurder benoemen, algemene vergadering
- Director appointment, IPLAST HOLDING NV (sole director)
- Permanent representative, Stofferis Frédéric (permanent representative)
- Other statement, signature block requirement, Naam en handtekening (dit geldt niet voor akten van het type Mededelingen)
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 15.61
Current ratio from 5.86 to 15.61; short-term debt falls from €322k to €114k.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €393k ▲16.1%
Operating result €519k, net result €393k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
IPLAST HOLDING
CurrentSole director · since 15-09-2026 · Public limited company · perm. rep.: Stofferis Frédéric
15-09-2026
IPLAST HOLDING: Appointed as Sole director
22-06-2026
Belaen Jenny: Resigned as Director
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tielt · 1 establishment unit since 1998
Ground area
2.1 ha
Building footprint
8,621 m²
Volume, LiDAR
73,627 m³
Parcel 37302E0576/00B000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
IPINCO
since 19982.089.735.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37302E0576/00B000 | Flanders | 2.1 ha | 1 · 8,620 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
Icomco
Shared corporate director
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 8,493 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded25-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64910Financial service activities, except insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.