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IPM Petite Ile

Active
Public limited companyfounded 1975active for 50 yearsFrankenstraat 79, 1040 Etterbeek, BelgiumKBO/BCE: BE 0415.583.632
Summary

The computed 12-month bankruptcy probability of IPM Petite Ile is 1.7% (moderate). The annual accounts of IPM Petite Ile for financial year 2025 show a net loss of 81% of total assets. The 2025 annual accounts show equity of €1.9m and a net result of -€2.7m. Equity is shrinking by about 6.9% per year across the filed financial years. Its solvency ranks better than 65% of 206 sector peers (NACE 18, financial year 2025). The company has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Printing and reproduction of recorded media
NACE 18110
#1 company by equity in Etterbeek, Manufacturing sector2 sites
Size
€6.9moperating income 2025
Staff
19.6 FTE
Equity
€1.9m
Loss
-€2.7m
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Structure
Parent
MAJA Group · 100%
Holdings
1
Accounts 44 days early0 of 11 deeds read
Why 54raises riskLoss of €2.7m, the second in a row (financial year 2025)Liquidity: current ratio 2.52, cash €1,297Sector: Printing and reproduction of recorded media (NACE 18)lowers riskEquity €1.9m (59.0% of total assets)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 35% of its sector peers (NACE 18, small)
Financial strength · tick = 2023
Weak
Solvency 84-16
equity 59.0% of total assets
Liquidity 32-11
short-term debt 39.6% · cash 0.0%
Profitability 0-2
return on assets -81.2%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (137 companies, NACE 18, small)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025lowest value 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.4%▲ +0.3 percentage points vs 07-2025 09-2025: 1.5%▲ +0.1 percentage points vs 08-2025 10-2025: 2.0%▲ +0.5 percentage points vs 09-2025 11-2025: 2.1%▲ +0.1 percentage points vs 10-2025 12-2025: 2.4%▲ +0.3 percentage points vs 11-2025highest value 01-2026: 1.7%▼ -0.7 percentage points vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.7%● unchanged vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 1.6%▼ -0.1 percentage points vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.7%▲ +0.1 percentage points vs 09-2026
Credit of up to €100,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.52, compared with 4.33 in 2023; short-term debt: 39.6% and cash: 0% of total assets), and 41% of the assets are financed with debt.
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 18, small): better than 76% on solvency, 27% on liquidity and 3% on profitability.

The bankruptcy probability was computed on 09-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · Loss of €2.7m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.52, cash €1,297
NBB · annual accounts
lowers risk · Equity €1.9m (59.0% of total assets)
NBB · annual accounts
raises risk · Sector: Printing and reproduction of recorded media (NACE 18)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2023
9 days early
2022
3 days early
2021
6 days early
2020
1 day early
2019
1 day early
2018
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 18) for financial year 2023 is 2 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Weakest financial yearnet -€2.7m
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2025 -€2.7m View
  • Caution: Among the weakest 5% on net resultsector median €21,925 · 206 companies -€2.7m View
  • Positive: Filed on time since financial year 2017accounts within the deadline every year 8 years View
  • Controlled by MAJA Groupultimately: SA IPM Group NV 100% View
  • Active since 1975founded 06-11-1975 50 years View

By topic

Financials

Financial year
2025
Turnover
€2.9m
Loss
-€2.7m
Solvency
59.0%
Turnover▼ 48.0%
Net result
20182025
Go to Financials

Timeline

Events
54
Since
1978
  1. 28-07-2023Annual accounts filed
  2. 25-07-2023General meeting · Board meeting
  3. 30-01-2023General meeting · Director reappointment
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Printing and reproduction of recorded mediaNACE 18110
Founded
06-11-1975
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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