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IPM Petite Ile

Active
Public limited companyfounded 197550 yrs activeFrankenstraat 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 fiscal 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 ~6.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 185 sector peers (fiscal year 2025). The company has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
IPM Petite IleActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Printing and reproduction of recorded media
NACE 18110Manufacture of rubber and plastic products NACE 22210
#1 company by equity in Etterbeek, Manufacturing sector2 sites
Size
€2.9mturnover 2025
Staff
19.6 FTE
Equity
€1.9m
Loss
-€2.7m
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
1.7%
Structure
Parent
MAJA Group · 100%
Holdings
1
Accounts 44 d early0 of 11 deeds read
Why 54- Loss of €2.7m, the second in a row (FY 2025)- Liquidity: current ratio 2.52, cash €1,297- Sector Printing and reproduction of recorded media (NACE 18)+ Equity €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%
Better than 35% of its sector peers (NACE 18, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
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% (135 companies)
Last 21 months 02-2025: 1.0%lowest value 03-2025: 1.0%▲ +1.4% vs 02-2025 04-2025: 1.0%▲ +1.8% vs 03-2025 05-2025: 1.0%▲ +2.7% vs 04-2025 06-2025: 1.0%▼ -1.7% vs 05-2025 07-2025: 1.1%▲ +9.3% vs 06-2025 08-2025: 1.4%▲ +27.4% vs 07-2025 09-2025: 1.5%▲ +5.2% vs 08-2025 10-2025: 2.0%▲ +38.1% vs 09-2025 11-2025: 2.1%▲ +2.2% vs 10-2025 12-2025: 2.4%▲ +18.8% vs 11-2025highest value 01-2026: 1.7%▼ -31.1% vs 12-2025 02-2026: 1.7%● 0.0% vs 01-2026 03-2026: 1.7%● 0.0% vs 02-2026 04-2026: 1.7%● 0.0% vs 03-2026 05-2026: 1.7%● 0.0% vs 04-2026 06-2026: 1.7%● 0.0% vs 05-2026 07-2026: 1.7%● 0.0% vs 06-2026 08-2026: 1.6%▼ -3.2% vs 07-2026 09-2026: 1.6%● 0.0% vs 08-2026 10-2026: 1.7%▲ +1.7% vs 09-2026
  • Loss of €2.7m, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 2.52, cash €1,297 raises the probability
  • Equity €1.9m (59.0% of total assets) lowers the probability
  • Sector Printing and reproduction of recorded media (NACE 18) raises the probability
Credit up to €100,000 at 30 days only on tighter terms
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 against 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 comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 18, small). Better than this share of them on solvency 77%, liquidity 26%, profitability 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €2.7m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 2.52, cash €1,297
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €1.9m (59.0% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Printing and reproduction of recorded media (NACE 18)
In the bankruptcy model this factor raises the probability.
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 d early
2023
9 d early
2022
3 d early
2021
6 d early
2020
1 d early
2019
1 d early
2018
7 d 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 for financial year 2023 is 2 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Weakest financial yearnet -€2.7m
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€2.7m View
  • Caution: Among the weakest 5% on net resultsector median €18,829 · 185 companies -€2.7m View
  • Positive: Always filed on timeaccounts 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

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

Timeline

Events
16
Since
2014
  1. 18-12-2025Annual accounts filed
  2. 30-06-2025Weakest financial year
  3. 22-07-2024Annual accounts filed
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

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?MAJA Group · 15 companies

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