IPL
Open bankruptcyA bankruptcy procedure is open for IPL according to publications in the Belgian State Gazette; curator: Koen VANDER STUYFT. The 2024 annual accounts show equity of €7k and a net result of €-15k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
26 d early
2022
59 d early
2021
26 d early
2020
15 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€7k▼ 68.8%
2023 · €22k
2018: €-953
2019: €-2k
2020: €16k
2021: €16k
2022: €18k
2023: €22k
2018 → 2024
Total assets
€12k▼ 57.6%
2023 · €29k
2018: €70k
2019: €49k
2020: €57k
2021: €35k
2022: €24k
2023: €29k
2018 → 2024
Net result
€-15k
2023 · €5k
2018: €-13k
2019: €-1k
2020: €18k
2021: €950
2022: €3k
2023: €5k
2018 → 2024
Working capital
€3k▼ 80.6%
2023 · €17k
2018: €-20k
2019: €-19k
2020: €24k
2021: €12k
2022: €10k
2023: €17k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€16k-€16k▲ 1.0%€18k▲ 11.8%€22k▲ 26.7%€7k▼ 68.8%
Operating result€20k-€5k▼ 77.4%€11k▲ 137%€10k▼ 8.5%€-13k
Net result€18k-€950▼ 94.8%€3k▲ 179%€5k▲ 107%€-15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13k after €10k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12k
Fixed assets
€4k▼ 32.0%
Current assets
€9k▼ 63.4%
Equity and liabilities €12k
Equity
€7k▼ 68.8%
Debt
€5k▼ 22.1%
The debt ratio rises from 24.0% to 44.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-12k▼
2023 · €12k
Cash flow
€-14k▼
2023 · €7k
Solvency
55.9%▼
2023 · 76.0%
Current ratio
1.60▼
2023 · 3.40
Quick ratio
1.60▼
2023 · 3.40
Debt / equity
0.79▲
2023 · 0.32
ROE
-220.8%▼
2023 · 24.8%
ROA
-123.4%▼
2023 · 18.9%
Interest coverage
-8.19▼
2023 · 7.28
Debt
€5k▼
2023 · €7k
Debt ≤ 1 year
€5k▼
2023 · €7k
Income taxes
€499▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€29k€12k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€24k€9k▼
Amounts receivable within one year40/41€4k€8k▲
Trade receivables40€3k€4k▲
Other amounts receivable41€759€3k▲
Cash at bank and in hand54/58€19k€45▼
Deferred charges and accrued income490/1€562€777▲
Equity and liabilities
Total equity and liabilities10/49€29k€12k▼
Equity10/15€22k€7k▼
Contributions10/11€12k€12k=
Profit (loss) carried forward14€10k€-5k▼
Amounts payable17/49€7k€5k▼
Amounts payable within one year42/48€7k€5k▼
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€5k€816▼
Taxes450/3€5k€816▼
Other amounts payable47/48€833€0▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k=
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€13k€-11k▼
Operating profit (loss)9901€10k€-13k▼
Financial income75/76B€1€78▲
Recurring financial income75€1€78▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€8k€-15k▼
Income taxes67/77€3k€499▼
Profit (loss) for the period9904€5k€-15k▼
Profit (loss) for the period to be appropriated9905€5k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€-5k▼
Profit (loss) brought forward from the previous period14P€5k€10k▲
Profit to be distributed694/7€833€0▼
Return on contributions (dividend)694€833€0▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
22-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oudenaarde · IPL BV LOUIS VANGROOTEN- BRUELSTRAAT 78, 9600 RONSE · event 14-07-2026
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-15k ▼377%
Net result drops to €-15k, the lowest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.75
Current ratio from 0.31 to 1.75.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louis Vangrootenbruelstraat 789600 RonseGround area
243 m²
Building footprint
94 m²
Volume, LiDAR
674 m³
Parcel 45422D0753/00C003, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
IPL
since 20172.265.925.245
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D0753/00C003 | Flanders | 243 m² | 1 · 94 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Koen VANDER STUYFT KERKKOUTER 14, 9700 OUDEN-
AARDE |
14-07-2026 → present |
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Of 2,610 companies in sector 47551 we hold annual accounts for 1,718. 537 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2017
Fiscal year end31-12
Activities, NACEBEL
47551Retail sale of household furniture
47591Retail trade
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.